It's the economy, stupid

[smokingman]

Update for 10/17/2023
cbo.gov

"The federal budget deficit was $1.7 trillion in fiscal year 2023, the Congressional Budget Office estimates—$0.3 trillion more than the shortfall recorded during fiscal year 2022. Revenues fell by an estimated $455 billion (or 9 percent). Revenues were smaller than in fiscal year 2022, particularly for nonwitheld income taxes and remittances to the Treasury from the Federal Reserve. Outlays declined by an estimated $141 billion (or 2 percent)."

Remittances from the FED will be zero for a good long while.

Now that 23% of our GDP is just the interest paid on our national debt,where do you think things head from here?

 

[bwframe]

U.S. credit card debt reaches record high

Has your credit card debt ballooned in the last year? A new report shows Americans are taking their card balances to record highs.The amount of debt consumers o

kutv.com

Credit card debt has reached a record high. Here's what it means for the economy.

Some consumers are burning through pandemic-era savings, experts said.

abcnews.go.com

 

[Ingomike]

I’m not sure the thread title works today, and suspicion it never will again. It so so 30 years ago. We conservatives have this thinking that when times get tough clownworld will be forgotten and the people will return to conservative values.

Ain’t happening, they have been trained to turn to Marxism. If you did not see the masses turn to government through the wuwho flu you missed the main event.

 

[KLB]

I doubt many think that values shift in tough times. Priorities are what shift.

 

[Ark]

View attachment 311060

U.S. credit card debt reaches record high

Has your credit card debt ballooned in the last year? A new report shows Americans are taking their card balances to record highs.The amount of debt consumers o

kutv.com

Credit card debt has reached a record high. Here's what it means for the economy.

Some consumers are burning through pandemic-era savings, experts said.

abcnews.go.com

It's a statistical fluke! I'll pay the Beretta off by the end of the month, I swear!

 

[Leadeye]

I remember the inflation of the 70s, people were spurred to buy stuff simply because they knew it would cost more next week. Where I worked bills were stamped 1% discount for 10 day payment as receivables held on the books for very long devalued.

 

[tim87tr]

I’m not sure the thread title works today, and suspicion it never will again. It so so 30 years ago. We conservatives have this thinking that when times get tough clownworld will be forgotten and the people will return to conservative values.

Ain’t happening, they have been trained to turn to Marxism. If you did not see the masses turn to government through the wuwho flu you missed the main event.

I like how Elon frames it as the woke mind virus, a civilization threat, is Communism rebranded. Learned a new word, meritocratic. 1 min video...

Elon Musk: "The Woke Mind Virus Is Communism Rebranded"

"The woke mind virus is communism rebranded," says Elon Musk. When asked by Lex Fridman if he has become more political since purchasing X, Elon responded: "I guess if you consider fighting the woke w

rumble.com

 

[bwframe]

Firearms Manufacturer Abandons Plans for Florida Facility

The company will lose over $1 million in financial incentives.

www.ien.com

 

[Ark]

Firearms Manufacturer Abandons Plans for Florida Facility

The company will lose over $1 million in financial incentives.

www.ien.com

Killed by interest rates. Not worth it to build a facility at 8%.

 

[KLB]

Killed by interest rates. Not worth it to build a facility at 8%.

And Inflation.

The report cited a 300% increase in the facility’s construction costs and a “dramatic” rise in financing costs since the project’s initiation, according to Dark Storm managing partner Edward Newman. In a letter to a local government economic program, Newman explained that these factors rendered the project “no longer economically viable.”

 

[bwframe]

Killed by interest rates. Not worth it to build a facility at 8%.

 

[bwframe]

 

[bwframe]

Survey: Indiana manufacturers concerned about possible recession in 2024 - Indianapolis Business Journal

Respondents to the survey identified persistent inflation, high interest rates, and a continued shortage of workers among the key challenges for the manufacturing industry.

www.ibj.com

 

[actaeon277]

Can't be.
The great OzBiden says that inflation is the lowest its ever been, and prices are dropping

 

[bwframe]

 

[actaeon277]

No way.
The news is telling us we're just not smart enough to know how good we have it.

 

[smokingman]

Can't be.
The great OzBiden says that inflation is the lowest its ever been, and prices are dropping

Political Calculations: The Price History of Campbell's Tomato Soup

politicalcalculations.blogspot.com

 

[manifest destiny]

Campbells currently has a tomato bisque that is pretty good. It's very much like their traditional tomato soup, just amped up a bit. It goes great with a grilled cheese.

 

[bwframe]

 

[Magyars]

I thought that you all might find this interesting.