Trump signs executive order creating a sovereign wealth fund for U.S.

[LeftofLeft]

Not all investments are good ones. If NONE of the start up companies you help fail, you're being too tight with the money. Of the billions of dollars of investments made, the fact that only one of them failed is an excellent record.

I know this sounds counter-intuitive but it IS the standard for bankers. Bankers have to walk a fine line in lending, because you can be written up for being too tight. I had one year where no loans went bad at all, and my deliquency ratio fell to almost zero. Below 1% was considered excellent. Below 0.5% was NOT. It's a really fine line. I finally had an overdraft extended a client went bad when the client was injured in an accident. which pushed my ratio back up to the "safe" zone.

I work in’s world of startup investments; portfolio companies. Private equity invests in a number of startups; most of which will fail. All they need is for one to hit an acquisition at a significant premium or the rare unicorn IPO.

Given that most companies fail, this also provides a good medium to wash political money to “reward friends”.

 

[Cellblock2429]

But yet you condemn Biden for the debt under him. (signing off on the debt is not a formality)

/—-/ No, I blame Congress. The difference is Biden went along with the pork laden deficit spending, while Trump tried to stop it.
Hope that’s simple enough for you to understand.

 

[pknopp]

/—-/ No, I blame Congress. The difference is Biden went along with the pork laden deficit spending, while Trump tried to stop it.
Hope that’s simple enough for you to understand.

Trump never tried to stop squat.

https://www.cnbc.com/2020/12/30/trump-calls-for-2000-stimulus-checks-as-600-payments-start.html

https://www.reuters.com/markets/us/...ling-says-doesnt-want-see-default-2025-01-07/

 

[Cellblock2429]

Trump never tried to stop squat.

https://www.cnbc.com/2020/12/30/trump-calls-for-2000-stimulus-checks-as-600-payments-start.html

https://www.reuters.com/markets/us/...ling-says-doesnt-want-see-default-2025-01-07/

/—-/ I already posted a link earlier about Trump vetoing a spending bill and that caused the government to shut down for three weeks.
Stop pretending it never happened. Google it for yourself.

 

[Dragonlady]

You are obviously under considerable strain and finding it difficult to cope with your Chaos .

Unfortunately you seem to mistakenly assume that your experience on a local basis accurately mirrors the global picture .
Badly inaccurate .
Most unfortunate but that is False Projection .

It is a simple fact that in general terms across the globe the Left has been found badly wanting and unable to run matters in ways which the majority of people are now prepared to let continue .
How Ontario deals with its problems is down to the people who live there to solve .
And if that does not work and still causes you so much anger ---- move .

.

Canada doesn't have chaos. We are firmly united - Liberals, Conservatives, NDP, Bloc Quebecois, Green Party - I think that's all of them, behind the idea that Canada will NEVER be the 51st state. As Charley Angus said "Canada is over the boards"! It's a hockey term. You can google it.

The Bloc Quebecois are standing up for Canada. They're the SEPARATIST PARTY of Quebec. They want their own country. We're all standing here with our mouths open. The Quebecois are now PROUD CANADIANS.

If this is how you treat your friends, allies and business partners, who is every going to trust YOU again?

 

[pknopp]

/—-/ I already posted a link earlier about Trump vetoing a spending bill and that caused the government to shut down for three weeks.
Stop pretending it never happened. Google it for yourself.

Obama did the same. Big deal. Both ran up unconscionable debts.

 

[Dragonlady]

/—-/ I already posted a link earlier about Trump vetoing a spending bill and that caused the government to shut down for three weeks.
Stop pretending it never happened. Google it for yourself.

That wasn't about overspending. That was because they wouldn't given him any money for his dumb wall. He asked Pelosi for money for his wall. She said no, and he walked out and shut down the government.

It cost the US economy $80 billion dollars and cut your GDP growth in the last quarter by over 1%, and he caved after 3 weeks, getting NOTHING in return. Just like he caved when Canada and Mexico stood up to him last week.

WEAK and ineffectual. Worst negotiator I've ever seen. You walk out as a last resort, not without hearing what the other side is offering first. Just like you ask someone to negotiate BEFORE starting a trade war.

You lost Trump's last trade war. And you're losing this one so far.

 

[Moonglow]

/—-/ No, I blame Congress. The difference is Biden went along with the pork laden deficit spending, while Trump tried to stop it.
Hope that’s simple enough for you to understand.

 

[Cellblock2429]

/—-/ I see you can’t refute my claim.

 

[Moonglow]

/—-/ I see you can’t refute my claim.

Donald J. Trump's name will be on stimulus checks in ...​

The Washington Post
https://www.washingtonpost.com › politics › 2020/04/14




Apr 14, 2020 — The Treasury Department has ordered President Trump's name printed on stimulus checks the Internal Revenue Service is rushing to send to tens of millions of ...

Trump sent two stimulus checks in his first term. Here's ...​

CBS News
https://www.cbsnews.com › MoneyWatch




Nov 20, 2024 — Some voters are hoping President-elect Donald Trump may send out another stimulus check. Here's what the experts say.

Trump hints he won't sign COVID-19 stimulus bill without ...​

The Texas Tribune
https://www.texastribune.org › 2020/12/22 › trump-cov...




Dec 22, 2020 — Trump suggests he won't sign relief bill into law unless Congress makes changes including increasing stimulus checks to $2,000. The outgoing ...

Donald Trump Built a National Debt So Big (Even Before ...​

ProPublica
https://www.propublica.org › article › national-debt-tru...




Jan 14, 2021 — The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the ...

• President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief.
• President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan.
• President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term.
• President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.

Trump and Biden: The National Debt | Committee for a Responsible Federal Budget

The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by Presidents Trump and Biden during their ti

www.crfb.org

 

[Dragonlady]

/—-/ No, I blame Congress. The difference is Biden went along with the pork laden deficit spending, while Trump tried to stop it.
Hope that’s simple enough for you to understand.

It's a good thing that your name isn't Pinnocchio.

Trump did NOTHING of the kind. Biden reduced the deficit every year he was in office, except 2024:

Prior to 2018, Trump was raising the deficit BEFORE the pandemic hit.

 

[Cellblock2429]

It's a good thing that your name isn't Pinnocchio.

Trump did NOTHING of the kind. Biden reduced the deficit every year he was in office, except 2024:

View attachment 1076043

Prior to 2018, Trump was raising the deficit BEFORE the pandemic hit.

View attachment 1076049

/----/ Good thing your name isn't Always Tells the Truth. Congress controls the spending. Presidents have no control other than a veto, which shuts down the government.

What Does the Constitution Say About Spending and Borrowing By Congress?​

Article I, Section 8 enumerates the powers of Congress. It states the following:

"The Congress shall have Power . . .

[1] To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; . . .

[2] To borrow Money on the credit of the United States; . . .

[18] To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof."

 

[Toddsterpatriot]

so far Trump has not eliminated the debt nor has he reduced it. We never saw a balanced budget from a Republican in the last fifty years.

Gingrich had a couple of nice balanced budgets.

 

[luiza]

Canada doesn't have chaos. We are firmly united - Liberals, Conservatives, NDP, Bloc Quebecois, Green Party - I think that's all of them, behind the idea that Canada will NEVER be the 51st state. As Charley Angus said "Canada is over the boards"! It's a hockey term. You can google it.

The Bloc Quebecois are standing up for Canada. They're the SEPARATIST PARTY of Quebec. They want their own country. We're all standing here with our mouths open. The Quebecois are now PROUD CANADIANS.

You seem to have really fallen for/ reacted badlly to a standard Trumpfy opening salvo , imho .
Never take a professional High Risk Taker's opening position too seriously and never literally .

Nevertheless , from the outside your country does look vulnerable and a mess , probably principally due to Justin Castro your present PM , who presumably will be slotted elsewhere within the Deep State upper middle tier when he departs later this year.

As a complete tangent -- it will be interesting to watch how individuals and countries react in these discussion areas once the extra terrestrial Disclosure material becomes mainstream . Probably very soon .

 

[ThisIsMe]

Stupid hyperbole dismissed and ignored.

Of course! You leftys think the government should just have unlimited spending and then just keep taxing the people more and more.

Reagan said something to the effect of "the federal government has to stop thinking that people's income are its personal property" i agree. The government thinks the American people are a piggy bank for whatever hairbrained expenditure it wants to pursue. That needs to stop.

 

[pknopp]

Of course! You leftys think the government should just have unlimited spending and then just keep taxing the people more and more.

Reagan said something to the effect of "the federal government has to stop thinking that people's income are its personal property" i agree. The government thinks the American people are a piggy bank for whatever hairbrained expenditure it wants to pursue. That needs to stop.

You support unlimited spending and debt.

 

[ThisIsMe]

You support unlimited spending and debt.

Why?

 

[pknopp]

Why?

I was just replying nonsensically in kind.

 

[ThisIsMe]

I was just replying nonsensically in kind.

I don't support unlimited spending..I support sensible, constitutional spending. Of course, we're way out of bounds on this, we obviously can't cut every program immediately or at all, so, the more we can trim out the wasteful spending, the better.

 

[pknopp]

I don't support unlimited spending..I support sensible, constitutional spending.

Great. So do I.

Of course, we're way out of bounds on this, we obviously can't cut every program immediately or at all, so, the more we can trim out the wasteful spending, the better.

I imagine we can cut all. I believe we can cut at least 10% (if not even more) and not affect a single service.