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Hey, I got a new credit card, I'm rich!
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By Fiscal Year (in billions):

2011 - 1,295
2012 - 1,087
2013 - 679
2014 - 475
2015 - 439
2016 - 587
2017 - 666
2018 - 700 (projected)
2019 - ~975 (projected)

https://www.bloomberg.com/news/articles/2018-02-06/mnuchin-says-1-trillion-u-s-debt-plan-isn-t-affecting-markets

I understand deficits during recessions and economic collapses, but shouldn't this number be dropping? BTW, it looks like it could go even higher given the GOP's hatred of the sequester, which was the only thing keeping it in check, and the deals that they will have to make to convince the Dems to dump it. #MAGA!
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Re: Hey, I got a new credit card, I'm rich! [oldandslow] [ In reply to ]
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And here we are! Sequestration is about to end, it was a major driver of deficit reduction since 2012 (the growing economy was the other one).

Senate Leaders Reach Deal to Raise Spending Over Two Years

Last edited by: oldandslow: Feb 7, 18 11:14
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Re: Hey, I got a new credit card, I'm rich! [oldandslow] [ In reply to ]
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Sometimes our fiscal policy reminds me of a girl a friend of mine knew, who was under the impression that as long as she had physical checks in her checkbook, that meant she still had money in the bank.

Slowguy

(insert pithy phrase here...)
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Re: Hey, I got a new credit card, I'm rich! [oldandslow] [ In reply to ]
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Wow, another 1.5 TRILLION over ten years (320B over 2 years, per CBO)

http://www.forexlive.com/...d-cost-320b-20180208

https://www.forbes.com/...t-deal/#185a2d8a61be
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Re: Hey, I got a new credit card, I'm rich! [oldandslow] [ In reply to ]
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Quote:
2018 - 700 (projected)
2019 - ~975 (projected)

Oops, my mistake, it's now:

2018 - 850B (projected)
2019 - 1,150B (projected)
So much winning!
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Re: Hey, I got a new credit card, I'm rich! [oldandslow] [ In reply to ]
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Why do you hate America. Don't worry, it will be ok, it will all trickle down and everyone will be better off.. trust me ;)
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