Fresh Growth Numbers Are Set to Show US Remains Economic Powerhouse
Oct 22, 2023 07:29:52 #
Bad Bob
Loc: Virginia
https://www.yahoo.com/finance/news/fresh-growth-numbers-set-show-200000902.html
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
Oct 22, 2023 09:56:02 #
Bad Bob wrote:
https://www.yahoo.com/finance/news/fresh-growth-numbers-set-show-200000902.html
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
you say.BUT
Hmmmmm...
Oct 22, 2023 14:43:18 #
Bad Bob wrote:
https://www.yahoo.com/finance/news/fresh-growth-numbers-set-show-200000902.html
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
Oct 22, 2023 16:30:46 #
Bad Bob wrote:
https://www.yahoo.com/finance/news/fresh-growth-numbers-set-show-200000902.html
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
You are the most delusional on this site! Keep up the herd zombie
Oct 22, 2023 16:36:43 #
Wonttakeitanymore wrote:
You are the most delusional on this site! Keep up the herd zombie
You sure got that Right.
This participating member of OPP has completely lost his sences it not his mind.
Oct 22, 2023 16:42:09 #
Bad Bob
Loc: Virginia
Weasel wrote:
You sure got that Right.
This participating member of OPP has completely lost his sences it not his mind.
This participating member of OPP has completely lost his sences it not his mind.
Oct 22, 2023 16:47:28 #
Oct 22, 2023 17:00:41 #
Oct 22, 2023 17:02:51 #
Bad Bob wrote:
https://www.yahoo.com/finance/news/fresh-growth-numbers-set-show-200000902.html
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
Oct 23, 2023 16:38:29 #
America 1
Loc: South Miami
Bad Bob wrote:
https://www.yahoo.com/finance/news/fresh-growth-numbers-set-show-200000902.html
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
Joe Biden Lifts Sanctions On Socialist Venezuelan Dictator Nicolas Maduro in Secret Deal for Oil
Joe Biden’s presidency has been one filled with nonstop attempts to destroy the country’s oil and gas industry under the guise of “preventing c*****e c****e.”
But for some reason, Biden and his cronies only seem to think there’s an issue with America’s industries, meaning that other countries have been rushing to fill the void left by a drastically reduced American production to fortify their own oil and gas industries – after all the entire world does run on oil!
Now, with America staring down another inevitable war in the Middle East, Biden is frantically scrambling to find a way to get his hands on some oil – which includes bending over for socialist dictators like Venezuela’s Nicolas Maduro.
After previously admitting that Maduro is a dictator, the Biden White House has made some seriously desperate concessions in the hopes of getting more oil from Venezuela.
The White House suspended sanctions on Venezuelan oil, gas, and gold production and, trying to hide the real reason that they were doing this, pretended the move was to “promote Democracy.”
Biden’s team doesn’t want the masses to know that he has handicapped America’s domestic energy production so severely that he is now helping one of the most brutal dictators alive today, by making him stronger than ever before.
https://www.conservativenewszone.com/articles/joe-biden-lifts-sanctions-on-socialist-venezuelan-dictator-nicolas-maduro-in-secret-deal-for-oil/
Oct 23, 2023 17:22:09 #
https://redstate.com/bonchie/2023/10/21/joe-biden-has-destroyed-the-american-dream-n2165404?utm_source=rsmorningbriefing&utm_medium=email&utm_campaign=nl&bcid=acf59efac006ea179c42e66ba650c9b0a8e5dd82709f17c3ff7fc9c8307261e9#google_vignette
Biden has k**led the American Dream.
Biden has k**led the American Dream.
Oct 23, 2023 19:19:28 #
Bad Bob
Loc: Virginia
ForThePeople wrote:
https://redstate.com/bonchie/2023/10/21/joe-biden-has-destroyed-the-american-dream-n2165404?utm_source=rsmorningbriefing&utm_medium=email&utm_campaign=nl&bcid=acf59efac006ea179c42e66ba650c9b0a8e5dd82709f17c3ff7fc9c8307261e9#google_vignette
Biden has k**led the American Dream.
Biden has k**led the American Dream.
Oct 23, 2023 22:02:39 #
I assume that was intended for YOUR upside down born yesterday narrative designed to tell us in typical Brandenese that black is white and the sky is red.
It's real simple for you lemmings to understand - the ACTUAL rate of INFLATION caused by the I***t in Chief is OVER TWENTY-ONE PER CENT since he stumbled into office.
REAL WORLD items that EVERYONE MUST PURCHASE have skyrocketed in price. If you don't see that you are as dementia ridden as he is.
And that's not even counting the humanitarian and economic effects of the TWO WARS that he got us involved in after the HUMILIATING RETREAT from Afghanistan which armed the very terrorists that the Israeli's are fighting as we speak. Including the $6 BILLION RANSOM paid to Iran that is financing the start of WWIII.
And the untold BILLIONS of deficit breaking support for 8 MILLION I*****L A***NS he ushered in as if no one would see.
I could go on for an hour about Branden's bulls**t America Last Agenda but I'll stop right there and let you digest the huge dish of crow you are now choking on.
Typical eyes wide shut lib with absolutely ZERO common sense.
It's real simple for you lemmings to understand - the ACTUAL rate of INFLATION caused by the I***t in Chief is OVER TWENTY-ONE PER CENT since he stumbled into office.
REAL WORLD items that EVERYONE MUST PURCHASE have skyrocketed in price. If you don't see that you are as dementia ridden as he is.
And that's not even counting the humanitarian and economic effects of the TWO WARS that he got us involved in after the HUMILIATING RETREAT from Afghanistan which armed the very terrorists that the Israeli's are fighting as we speak. Including the $6 BILLION RANSOM paid to Iran that is financing the start of WWIII.
And the untold BILLIONS of deficit breaking support for 8 MILLION I*****L A***NS he ushered in as if no one would see.
I could go on for an hour about Branden's bulls**t America Last Agenda but I'll stop right there and let you digest the huge dish of crow you are now choking on.
Typical eyes wide shut lib with absolutely ZERO common sense.
Oct 24, 2023 07:58:50 #
How Did Biden Manage To Lose $300 Billion?
Friday afternoon (via ANOTHER typical branden stealth news dump), the Treasury Department reported that, despite a growing economy and low unemployment, the federal deficit shot up by $320 billion in fiscal year 2023. That’s unusual. But what’s really bizarre is why the deficit exploded.
According to the report, overall spending actually dropped by 2% compared with 2022 as the C****-** spending splurge abated.
What drove up the deficit this year was a sudden and completely unexpected 9% drop in tax revenues. Not only did revenues come up hundreds of billions lower than last year, but they were well below what everybody expected them to be.
At the start of the year, the Treasury Department and the Office of Management and Budget projected revenues for fiscal 2023 at around $4.7 trillion. The Congressional Budget Office figured it would be $4.8 trillion.
The actual amount: $4.4 trillion.
In other words, there’s between $300 billion and $400 billion worth of missing tax revenues.
Keep in mind that those forecasts assumed that nothing changed in terms of policy over the course of the year, and all were based on economic projections that turned out, if anything, to be pessimistic.
The CBO, for example, figured the nation’s GDP would be $26.3 trillion by the middle of this year. The actual number was $27.1 trillion. It projected an unemployment rate of 4.6%. The actual number was 3.6%. It expected there to be 154 million jobs; there were 155.5 million. The CBO figured inflation would be running at 4.1%. It was 3.7%.
In a normal world, a better-than-expected economy would result in more revenues for the federal government, not less.
Keep in mind, too, that it’s exceedingly rare for tax revenues to drop from one year to the next. In fact, it’s happened only eight times since 1960 – always around an economic downturn – and the average decline was just 4.7%. Even when the C***D lockdowns caused a massive recession, revenues only dipped by 1.2% in 2020. (Revenues plunged nearly 17% during the financial crisis.)
It’s also worth noting that revenues continued to climb after the Kennedy, Reagan and Trump pro-growth tax cuts went into effect.
Then there’s the fact that Joe Biden raised taxes in 2023. The Inflation Reduction Act, which Biden signed in August 2022, included $60 billion in tax hikes in 2023, including a new tax on business income, an enormous increase in IRS funding to increase audits, an excise tax on stock buybacks, more taxes on natural gas, oil, and coal, and the phase-out of some Trump business tax cuts.
Yet, despite the hike in business taxes, corporate income tax revenue dropped by $5.3 billion in 2023. Individual income taxes plunged by $456 billion.
What happened? Where did this $300 billion go? And why isn’t this front-page news?
Don’t get us wrong, we’d like to see the tax burden on Americans sharply decline – on a permanent basis – commensurate with a monumental reduction in the size and scope of the federal government.
But that’s not what happened this year. The federal government is still tremendously bloated – spending in 2023 will be 43% higher than it was the year before C****-**. The national debt now tops $33 trillion. Social Security and Medicare are racing toward insolvency. Biden is pushing Congress for another $100 billion to finance the never-ending war in Ukraine and provide aid to Israel.
Did the Biden administration overcount revenues in the past two years to paper over the colossal spending increases? Is the White House goosing employment and other economic data today to make the economy look better than it is? Is Biden’s budget team just hopelessly incompetent?
Preston Bashers of the Heritage Foundation speculates that the shortfall could be the result of a sharp drop in capital gains tax revenues, the explosion in “green” tax credits, and other factors.
Somebody in the Biden administration should be made to explain what happened.
In the meantime, we’re now deeper in debt than ever. Way to go Brandon.
Friday afternoon (via ANOTHER typical branden stealth news dump), the Treasury Department reported that, despite a growing economy and low unemployment, the federal deficit shot up by $320 billion in fiscal year 2023. That’s unusual. But what’s really bizarre is why the deficit exploded.
According to the report, overall spending actually dropped by 2% compared with 2022 as the C****-** spending splurge abated.
What drove up the deficit this year was a sudden and completely unexpected 9% drop in tax revenues. Not only did revenues come up hundreds of billions lower than last year, but they were well below what everybody expected them to be.
At the start of the year, the Treasury Department and the Office of Management and Budget projected revenues for fiscal 2023 at around $4.7 trillion. The Congressional Budget Office figured it would be $4.8 trillion.
The actual amount: $4.4 trillion.
In other words, there’s between $300 billion and $400 billion worth of missing tax revenues.
Keep in mind that those forecasts assumed that nothing changed in terms of policy over the course of the year, and all were based on economic projections that turned out, if anything, to be pessimistic.
The CBO, for example, figured the nation’s GDP would be $26.3 trillion by the middle of this year. The actual number was $27.1 trillion. It projected an unemployment rate of 4.6%. The actual number was 3.6%. It expected there to be 154 million jobs; there were 155.5 million. The CBO figured inflation would be running at 4.1%. It was 3.7%.
In a normal world, a better-than-expected economy would result in more revenues for the federal government, not less.
Keep in mind, too, that it’s exceedingly rare for tax revenues to drop from one year to the next. In fact, it’s happened only eight times since 1960 – always around an economic downturn – and the average decline was just 4.7%. Even when the C***D lockdowns caused a massive recession, revenues only dipped by 1.2% in 2020. (Revenues plunged nearly 17% during the financial crisis.)
It’s also worth noting that revenues continued to climb after the Kennedy, Reagan and Trump pro-growth tax cuts went into effect.
Then there’s the fact that Joe Biden raised taxes in 2023. The Inflation Reduction Act, which Biden signed in August 2022, included $60 billion in tax hikes in 2023, including a new tax on business income, an enormous increase in IRS funding to increase audits, an excise tax on stock buybacks, more taxes on natural gas, oil, and coal, and the phase-out of some Trump business tax cuts.
Yet, despite the hike in business taxes, corporate income tax revenue dropped by $5.3 billion in 2023. Individual income taxes plunged by $456 billion.
What happened? Where did this $300 billion go? And why isn’t this front-page news?
Don’t get us wrong, we’d like to see the tax burden on Americans sharply decline – on a permanent basis – commensurate with a monumental reduction in the size and scope of the federal government.
But that’s not what happened this year. The federal government is still tremendously bloated – spending in 2023 will be 43% higher than it was the year before C****-**. The national debt now tops $33 trillion. Social Security and Medicare are racing toward insolvency. Biden is pushing Congress for another $100 billion to finance the never-ending war in Ukraine and provide aid to Israel.
Did the Biden administration overcount revenues in the past two years to paper over the colossal spending increases? Is the White House goosing employment and other economic data today to make the economy look better than it is? Is Biden’s budget team just hopelessly incompetent?
Preston Bashers of the Heritage Foundation speculates that the shortfall could be the result of a sharp drop in capital gains tax revenues, the explosion in “green” tax credits, and other factors.
Somebody in the Biden administration should be made to explain what happened.
In the meantime, we’re now deeper in debt than ever. Way to go Brandon.
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