US debt surpasses $23 trillion for first time

[Firestarter]

Excess reserves are the amounts eligible to be loaned out (based on reserve requirements) they could loan out but have not loaned out. If I deposit that $100 check Grannie gave me for my birthday and they have a ten percent reserve requirement, they are allowed to loan out $90 dollars. If they loan out just $50, their excess reserve amount is $40.

2.Suppose the required reserve ratio is 10 percent. Assume that the banking system has $20 million in deposits and $5 million in reserves. Find the required reserves, excess reserves, and the maximum amount by which demand deposits could expand. (The capital A in this problem stands for the deltatriangle symbol)

(…)
If the banking system were to loan out its entire excess reserves, the money supply would expand initially by $3 million. However, as this money circulates through the system, there would be further increases in the money supply. The maximum amount by which demand deposits can expand is given by the equation:
ADD =AER/r.
ADD is the expansion of demand deposits, AER is the excess reserves in the bankingsystem, and r is the required reserve ratio. Thus, the maximum amount by which demand deposits can expand is equal to $30 million ($3/0.10).

https://www3.nd.edu/~cwilber/econ504...k/prob13a.html

[enhanced_deficit]

(Not a endorsement of a convention of the States.

Because we can't put a price tag on freedom and foreign aid is an essential part of foreign interventions.

Besides, as Deep Neocon lobbies have wisely observed, abandoning our closest allies could cause curses.





The Immorality of Leaving Iraq and Afghanistan
By Dennis Prager
https://www.nationalreview.com/2014/...dennis-prager/

Trump: ‘We have to protect Israel,’ shifting again on Syria withdrawal


Related

Dennis Prager: I was Wrong, Trump is a Great President
January 29, 2018
americanexperiment.org/2018/01/dennis-prager-wrong-trump-great-president/

[Origanalist]

Because we can't put a price tag on freedom and foreign aid is an essential part of foreign interventions.

Besides, as Deep Neocon lobbies have wisely observed, abandoning our closest allies could cause curses.





The Immorality of Leaving Iraq and Afghanistan
By Dennis Prager
https://www.nationalreview.com/2014/...dennis-prager/

Trump: ‘We have to protect Israel,’ shifting again on Syria withdrawal


Related

Dennis Prager: I was Wrong, Trump is a Great President
January 29, 2018
americanexperiment.org/2018/01/dennis-prager-wrong-trump-great-president/

Lol, Dennis Prager, it's ridiculous that POS is still on the air. Pretty depressing actually.

[enhanced_deficit]

Lol, Dennis Prager, it's ridiculous that POS is still on the air. Pretty depressing actually.

Not just on the air, he's apparently has emerged as a 'sensation'; credit must be given to Deep Zionism lobbies' creativie edge.




The Immorality of Leaving Iraq and Afghanistan
By Dennis Prager


How a Los Angeles-based conservative became one of the internet’s biggest sensations

Radio show host Dennis Prager is one of the mainstays of Glendale-based KRLA, part of the Salem Radio Network that specializes in conservative and Christian-themed programming.
(Michael Robinson Chavez / Los Angeles Times)

Aug. 23, 2019
WASHINGTON — Earlier this summer, as President Trump assembled online activists at the White House to thank them for their role in getting him to the Oval Office and – Trump predicted – keeping him there, one guest didn’t rush to claim credit.

Los Angeles-based Prager University, a registered charity, is legally prohibited from politicking. It isn’t truly a university and doesn’t have a campus. But the digital empire created by Dennis Prager, a 71-year-old conservative radio host and erstwhile Never Trumper, is having more success rallying young people to Trump’s side than many campaign committees aligned with the president.
latimes.com/politics/story/2019-08-22/dennis-prager-university-conservative-internet-sensation

[Origanalist]

Not just on the air, he's apparently has emerged as a 'sensation'; credit must be given to Deep Zionism lobbies' creativie edge.




The Immorality of Leaving Iraq and Afghanistan
By Dennis Prager


How a Los Angeles-based conservative became one of the internet’s biggest sensations

Radio show host Dennis Prager is one of the mainstays of Glendale-based KRLA, part of the Salem Radio Network that specializes in conservative and Christian-themed programming.
(Michael Robinson Chavez / Los Angeles Times)

Aug. 23, 2019
WASHINGTON — Earlier this summer, as President Trump assembled online activists at the White House to thank them for their role in getting him to the Oval Office and – Trump predicted – keeping him there, one guest didn’t rush to claim credit.

Los Angeles-based Prager University, a registered charity, is legally prohibited from politicking. It isn’t truly a university and doesn’t have a campus. But the digital empire created by Dennis Prager, a 71-year-old conservative radio host and erstwhile Never Trumper, is having more success rallying young people to Trump’s side than many campaign committees aligned with the president.
latimes.com/politics/story/2019-08-22/dennis-prager-university-conservative-internet-sensation

Salem Radio. Isn't that the home of Rush and Michael Medved?

[Madison320]

So you do believe that the money supply shrank 20% since 2015? Do you also believe that it grew ten fold between 2008 and 2014- which should have led to hyperinflation (or at least very high inflation if the money supply increased that fast that quickly), yet inflation remained tame?

Yes. The monetary base, which is one measurement of the supply of money.

Maybe you didn't realize that there are more than one type of money supply? Is that the disconnect?

[enhanced_deficit]

Salem Radio. Isn't that the home of Rush and Michael Medved?

Probably.




PoBG strikes again.


Republicans agree to massive spending bill, despite record deficits

Daniel Horowitz · December 13, 2019

Wake up, conservatives. Do deficits only matter under Democrats? After record spending that makes Obama look conservative, what are Republicans doing? Cutting a deal with Democrats to pass a bill increasing spending by $320 billion for liberal bureaucracies but not a penny for stepped-up ICE immigration enforcement.

The Congressional Budget Office announced earlier this week that the deficit for the first two months of fiscal year 2020 was $342 billion. That is an astounding number on many levels. It is 12 percent higher than last year, when we were already shocked at how quickly spending had increased under Republicans. Toward the end of Obama’s second term, annual deficits for the full 12 months were only about $500-$700 billion. However, the situation is even more appalling than under Obama.
For the first two months of FY 2010, the first fiscal year of Obama, the deficit was $296 billion. But that was amid the worst recession of a generation, with unemployment at 10 percent and people lining the rolls of unemployment benefits and food stamps. Revenues were also down sharply as a result of the recession and unemployment, buoying the deficits. Yet, here we are with record low 3.5 percent unemployment and record high revenue, yet deficits are even higher. It’s all because both parties won’t stop spending.

Whereas revenue for the first two months of FY 2010 stood at $269 billion, it was $471 billion for the first two months of this year. Yet spending for this year is at $814 billion as compared to $566 billion in FY 2010. What exactly are Republicans conserving?
Yes, it’s true that Medicare and Social Security are increasing on autopilot. Spending on those programs is up 6 percent each over this time last year. But spending on the Department of Education rose 25 percent, and spending on Medicaid rose 9 percent. There is no reason why Republicans couldn’t have dealt with those programs during the first two years of their trifecta control. The problem is Republicans support the Medicaid scam and the Department of Education. Their campaign for limited government was all built on a lie.

conservativereview.com/news/republicans-agree-massive-spending-bill-despite-record-deficits/

[TheCount]

Their campaign for limited government was all built on a lie.

Say it ain't so!