The Biden Economy

[finnbow]

A month after announcing it would crack down on 1,600 millionaires who were far behind on their taxes, the IRS said Friday it has collected $122 million from 100 of these cases.

https://www.marketwatch.com/story/th...-much-333f4455

This will really piss off the GOP, making their sugar-daddies pay the taxes they owe.

[RickeyM]

Originally Posted by finnbow

A month after announcing it would crack down on 1,600 millionaires who were far behind on their taxes, the IRS said Friday it has collected $122 million from 100 of these cases.

https://www.marketwatch.com/story/th...-much-333f4455

This will really piss off the GOP, making their sugar-daddies pay the taxes they owe.

Wow, that's $122 million less in in the campaign contributions kitty. Yeah, the GOP won't be happy about this.

[Chicks]

https://twitter.com/BidenHQ/status/1...463197792?s=20

[RickeyM]

Originally Posted by Chicks

https://twitter.com/BidenHQ/status/1...463197792?s=20

I love that they use the Biden with laser eyes on that.

[Chicks]

The 1970s Economic Theory That Needs to Die
Turns out you can tame inflation without triggering a recession. Will the Federal Reserve accept the good news?
https://www.theatlantic.com/ideas/ar...on-fed/675700/

[donquixote99]

Whell actually likes being disrespected by people here. There's no other explanation.

[whell]

Originally Posted by donquixote99

Whell actually likes being disrespected by people here. There's no other explanation.

There's not other explanation but that you have no response to the point that inflation is driving increases consumer spending, spending which is driving those same consumers deeper into debt. This is accompanied by increasing defaults.

Not only that, but these consumers aren't running up debt on their credit cards buying stereos, jewelry, jet skis or other luxury or recreational items. They're running up debt buying essentials.

The survey found that 48% of Americans depend on credit cards to cover essential living expenses. This is more common among younger generations: 59% of millennials use credit cards for living expenses. Conversely, only 29% of boomers rely on credit cards to cover essential expenses.

If posting information like this results in being "disrespected by people here", that's on you guys.

[donquixote99]

Originally Posted by whell

There's not other explanation but that you have no response to the point that inflation is driving increases consumer spending, spending which is driving those same consumers deeper into debt. This is accompanied by increasing defaults.

Not only that, but these consumers aren't running up debt on their credit cards buying stereos, jewelry, jet skis or other luxury or recreational items. They're running up debt buying essentials.

The survey found that 48% of Americans depend on credit cards to cover essential living expenses. This is more common among younger generations: 59% of millennials use credit cards for living expenses. Conversely, only 29% of boomers rely on credit cards to cover essential expenses.

If posting information like this results in being "disrespected by people here", that's on you guys.

You are less than 1/2 right less than 1/2 the time, but that's beside the point. You are obviously here for the reaction, and have been a hostile poster from day 1. Given what the reaction has been and will now certainly always be, with no possibility of variation, I stand by my comment. You like being disrespected by people here.

[Rajoo]

Originally Posted by whell

There's not other explanation but that you have no response to the point that inflation is driving increases consumer spending, spending which is driving those same consumers deeper into debt. This is accompanied by increasing defaults.

Not only that, but these consumers aren't running up debt on their credit cards buying stereos, jewelry, jet skis or other luxury or recreational items. They're running up debt buying essentials.

The survey found that 48% of Americans depend on credit cards to cover essential living expenses. This is more common among younger generations: 59% of millennials use credit cards for living expenses. Conversely, only 29% of boomers rely on credit cards to cover essential expenses.

If posting information like this results in being "disrespected by people here", that's on you guys.

Had to look this one up for laughs because your post cited a "survey" by an agency called Clever Real Estate.

What is Clever Real Estate?

Clever Real Estate is a free, nationwide service that matches sellers and buyers with full-service real estate agents from top brokerages, such as Keller Williams, Coldwell Banker, and Century 21. It offers commission savings and doesn’t charge any hidden fees.

A discount real estate "Tinder" company is an authority in US economy?
I am impressed. (/s)

Yes, credit card debt is increasing but its across various groups. Here is a more credible source when it comes to finances.
Warning: Forbes dropped Trump from their top 400 list.

https://www.forbes.com/sites/forbesf...ebt-heres-why/

[finnbow]

Originally Posted by whell

I just destroyed the comment you made in a prior post, so I guess I got the only response you were capable of. LOL.

I must have missed your alleged destruction of my post. As for the recession you have predicted for the past 3 years, there is still not a hint of its existence. Indeed, the world economy is expected to grow by $8 trillion in 2022 and 2023 to $105 trillion. China will account for none of that gain, the US will account for 45 per cent, and emerging nations for 50 per cent.

Meanwhile, the US economy has consistently outperformed all other First World economies over the same time period while a court has ruled that your Dear Leader built his business empire through fraud. Maybe instead of concocting specious arguments against Biden's handling of the economy, you should focus upon removing yourself from the thrall of an incompetent and dangerous fascist and his brownshirt enablers in the House.