Economics Thread

Yeah, I am sure the mega corporations like McDonalds will be fine. It's the small businesses that will go under. Like the one AoC worked at.


If you really want to see what Democrats version of America looks like economically look at France. Absolute **** show over there. They have everything American liberal dream of and they are still protesting. They should be protesting against themselves for voting for that crap in the first place but voters never blame themselves for voting for bad policies.
 
Abdul El-Sayed
‏Verified account @AbdulElSayed
11h11 hours ago

$1,560,000,000,000.

1.56 trillion dollars. That's the total student

loan debt in the United States.

We have a crisis on our hand — and predatory loan

companies are profiting off of it. We need bold ideas:

we need free college for all.
 
57Brave said:
Abdul El-Sayed
‏Verified account @AbdulElSayed
11h11 hours ago

$1,560,000,000,000.

1.56 trillion dollars. That's the total student

loan debt in the United States.

We have a crisis on our hand — and predatory loan

companies are profiting off of it. We need bold ideas:

we need free college for all.
Click to expand...

Why would you imagine we have this much debt?
 
57Brave said:
Abdul El-Sayed
‏Verified account @AbdulElSayed
11h11 hours ago

$1,560,000,000,000.

1.56 trillion dollars. That's the total student

loan debt in the United States.

We have a crisis on our hand — and predatory loan

companies are profiting off of it. We need bold ideas:

we need free college for all.
Click to expand...

Would do you think would happen if college was free?
 
Will Trump Trade the Future for a Hill of Beans?

The outlines of a potential trade deal with China suggest President Trump once again is prioritizing superficial gains over America’s long-term economic interests.

It’s easy to sell soybeans to China. The Chinese are voracious consumers of the world’s raw materials. Until 2018, shiploads of soybeans from the American Midwest streamed to the processing plants that dot the Chinese coast. So there is no reason to applaud the news that the Chinese government has offered to guarantee large purchases of American soybeans as part of a potential trade deal with the United States that the Trump administration is pushing to complete by late March or early April.

Instead, it is a worrying sign that the administration may settle for an ephemeral victory at the expense of America’s long-term economic interests.
 
57Brave said:
Abdul El-Sayed
‏Verified account @AbdulElSayed
11h11 hours ago

$1,560,000,000,000.

1.56 trillion dollars. That's the total student

loan debt in the United States.

We have a crisis on our hand — and predatory loan

companies are profiting off of it. We need bold ideas:

we need free college for all.
Click to expand...

People just need to be smarter and realize that college for the most part is a scam.
 
thewupk said:
People just need to be smarter and realize that college for the most part is a scam.
Click to expand...

the education system has been captured by its stakeholders and largely functions in their interests, which not infrequently diverge from the interests of the students
 
nsacpi said:
the education system has been captured by its stakeholders and largely functions in their interests, which not infrequently diverge from the interests of the students
Click to expand...

The textbook industry has essentially destroyed the second hand market. They require you to buy a code to even participate in the class. And some teachers who have tried to go around this by printing their own textbooks have gotten in trouble by the uni's.
 
Heather Long
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@byHeatherLong
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The key takeaway today: The Fed is getting more worried about the economy.

-It sees 2.1% GDP in 2019 and 1.9% in 2020
-It is now planning ZERO rate hikes in 2019
-It did exactly what market wanted on balance sheet (i.e. stopping in September and slowing in May)
 
Fed has been making this mistake for 10 years.

Doesn't let the market set the rates... Creating a bubble for a disaster down the road
 
John Harwood
‏Verified account @JohnJHarwood

BLOOMBERG NEWS: “The U.S. posted its biggest monthly budget deficit on record last month, amid a 20% drop in corporate tax revenue and a boost in spending so far this fiscal year.”
 
57Brave said:
John Harwood
‏Verified account @JohnJHarwood

BLOOMBERG NEWS: “The U.S. posted its biggest monthly budget deficit on record last month, amid a 20% drop in corporate tax revenue and a boost in spending so far this fiscal year.”
Click to expand...

Tax receipts down 1%

Spending up 38%

Tell me which is the problem
 
The Treasury data show tax receipts declined for both corporations and individuals in the five-month period, while revenue from customs duties almost doubled, boosted by income from tariffs imposed by the Trump administration.

The 2017 tax law slashed the corporate tax rate from 35 percent to 21 percent.

Corporations have so far this fiscal year paid $59.2 billion, compared to $73.5 billion at the point in 2018, when the tax law was only partially in effect for some corporations. In 2017, however, the year before the law was enacted, corporations had paid $87.4 billion at this point in the year.


https://www.bloomberg.com/news/arti...-monthly-budget-deficit-on-record-in-february
.............................

and your suggestions for "getting spending under control
I dont see where spending went up 38%.
That seems a huge spike for a 5 month period
.........................................................


I dont know nor will I pretend to know which is the problem.
All I know is people were assured this wouldn't happen
 
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