Saturday, September 02, 2017

Trump Spends Time With Hurricane Harvey Victims

OH, AND BY THE WAY, 

THE NATIONAL DEBT IS FALLING BY $50 MILLION PER DAY
Here's a better quality video of Trump's visit.

4 comments:

Anonymous said...

OK. I looked at the total public debt outstanding as published by the Treasury Department and, sure enough, the number has decreased about $100B over the last 8 months. Which begs the question...

WTF are we going through another "raise the debt ceiling" or "shut down the government" boogie?

Meanwhile, the 535 Crapweasles of Congress are all back home in their districts doing reelection fundraisers and threatening their constituents with a government shutdown. And blaming Trump.

Pastorius said...

Apparently, there is some claim that this debt reduction is just from taxes coming in during the first and second quarter. But I think after 8 months, that would have leveled out. And yet, the debt is still going down.

Always On Watch said...

I note that the mainstream media this morning are silent -- now that Trump made a display of empathy.

Anonymous said...

There is usually a flood of federal revenues around October 15 since that is the drop dead date for filing and paying the previous years' taxes. It is the second largest cash inflow after April 15.

There is also a less substantial but still positive inflow around September 15 since that is the due date for 3rd quarter estimated tax payments for the current tax year.

It could be that the Treasury's published numbers are horseshit but more likely that Congress is just posturing for political purposes.