March 27, 2018

Trump needs $300 BILLION this week for the Treasury......

http://money.cnn.com/2018/03/27/investing/us-debt-sale-record-treasury/index.html

Well.....revenue is quickly declining because of those MASSIVE Corporate/RICH give away tax cuts. What a SHOCK!!!

"The United States plans to sell about $294 billion of debt, according to the Treasury Department. That's the highest for a week since the record set during the 2008 financial crisis. Federal revenue is declining because of President Trump's tax cuts, so the government needs to borrow more to make ends meet. At the same time, Washington's borrowing costs have climbed rapidly in recent months.

"The amount of debt coming on the market this week is extremely large," said Rick Rieder, global chief investment officer of fixed income at BlackRock, the world's largest asset manager."

March 20, 2018

Oklahoma going broke as fast as Kansas due to tinkle down economics..........

Same BS as was done in Kansas in 2013,give the fat cats a low tax rate--or ZERO as it was in Kansas and the economy will BOOM. BULLSHIT,it never works--never has,never will.

"I'm not scared to say it, because I love Oklahoma, and we are dying," said Republican state Rep. Leslie Osborn. "I truly believe the situation is dire." Oklahoma's woes offer the ultimate cautionary tale for other states considering trickle-down economic reforms. The outlook is so grim that some Republicans are willing to consider the ultimate heresy: raising taxes to fund education and health care, an idea that was once the exclusive province of Democrats.

"Without new recurring revenue, we can't fix these problems," said Osborn, who was ousted as chairwoman of the powerful House Appropriations and Budget committee for her outspoken support of tax increases.

The crisis has also placed the oil and gas industry, a sacred cow in Oklahoma, in an awkward spot since it sought the huge tax cut that is one of the biggest factors in the budget mess.

Gov. Mary Fallin and GOP leaders have been unable to reverse course because of a constitutional quirk that says any tax increase needs a three-fourth's majority vote of the Legislature. Despite broad GOP support for tax hikes, a small number of fiercely anti-tax Republicans have joined with the minority Democrats to derail attempts to raise revenue. Democrats complain that most of the tax plans unfairly target the poor.

http://www.kansas.com/news/business/article205497199.html

March 18, 2018

One half TRILLION added to the National Debt in 10 weeks.........

I posted about this about to happen a couple of weeks ago. It actually happened on March 15th,that's a half TRILLION $$$$ added to the National Debt in just ten weeks. Wonder if CNN could take a break from all the click bait ads to report on this?? This from a clown who was going to halve the ND in just a year or two and bitched endlessly about Obama and what he added.

Yeah well when someone drops what was essentially the Second Great Depression in your lap you will have to spend--or set there doing nothing like Hoover. This drastic rise in just ten weeks is nothing more than his fat 14% tax cut for Corporations--wait until it really gets traction in 2018 and the individual stuff kicks in.

Down to the last penny:

$538,468,242,905.64

March 5, 2018

Don't look now but Trump is going to hit 1/2 Trillion added to the ND since Jan 1 in a week or two..

At nearly the same time he'll hit his first trillion added to the ND. That took a little over a year but in what will be a mere 70-80 days he will have racked up 1/2 trillion.

The loss of revenue from those Corporate tax cuts are already adding up. Wait until mid-April when 1st quarter est taxes are due and the amount coming in is squat compared to last year.