Well, we could start with the vaunted tax cut where 90+ percent of the benefit went to the top 10 percent in income citizens and which will create an additional trillion (that's trillion with a capital T) dollars national debt. His fairy tale 10 percent cut for the peons he announced the other day is just that...a fairy tale and will add $600 billion to the national debt. He said that it would be enacted before the elections in November. Hard to do when Congress is not in session again until after the elections. But then dear Donald has never understood that the President of the United States is not an emperor who can make things happen by say so. He's really annoyed that he has to wait on Congress to do some things.
"Democrats must be defeated before they destroy America"
- Thread starter Hackman
- Start date
KCFlyer
Veteran
Why do we have a record deficit in a booming economy? Is that usually a harbinger of good news? Why does Trump feel that the Fed is the biggest threat to our economy when they are "doing their job", like he said they should in debate with Hillary in 2016? I mean...I know that that's all just past history....even if he DID say it himself, but today, he sure sounds envious of Obama and that Fed that was doing "political things". I know that stuff like this is so boring compared to "lock her up" and "build that wall", but here's what the guy you voted for in 2016 was saying then...and all of the sudden, the Fed that HE fixed is "the biggest threat to the economy". It's a short video, but you can take it to about 1:18 to hear what he was saying should it start at the beginning.
keeptheodds
Veteran
I’m not so sure where you’re getting your numbers from but the fact that you don’t think 10% is a lot just tells me you have no idea what you’re talking about. You add that to the corporate tax cut and now that is substantial. Now you might not own an LLC but people that do are doing substantially better than just a year go.
KCFlyer
Veteran
One more time....with a tax cut in good times and a booming economy - is a $700 billion deficit okay?
keeptheodds
Veteran
Did you not listen? They were playing political games then and they are now. Trump was also right about the bubble. I’ve already brought this up in another post. Obama’s economy was built on bailouts, stiphends and stimulus packages. Jobs were still in the process of leaving and wages were static. Raising interest rates would have bust that bubble so the feds never even thought about raising intrest rates. Now we have a booming economy. A real one with real investments, real jobs and real wage growth. Yes raise intrest rates and leave it there for a bit. Three times in one year and announcing plans to do it again. Now you’re getting political. Now the dems are crying because they look stupid with this economy and the feds are on their knees to them. They are now at this point purposefully trying to stop economic growth. The deficit has been out of control for the past twenty years. With more than half of it being brought to you by no other than your Prince Muslim Obama. Eventually you will see a small reversal of that with it slowly building momentum. That’s going to take years to reverse, a lot of them, I don’t care who is in office. Substantial government waste and fraud is going to have to be cut. More taxes is not the answer. I really do like the way she says “middle class” like it’s something she ever once thought of before Trump came along.
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keeptheodds
Veteran
For the moment yes, especially with the amount being spent on the military. If you took that out there would be no deficit. The deficit has been ignored for the past twenty years by the demopublicans they seem to be fine with it. I foresee a reversal of it but we will see.
KCFlyer
Veteran
So Darth Cheney was right...Reagan proved that deficits don't matter. Even record deficits. So long as you give the trailer dwellers in baseball caps a tax cut that will buy them a month's worth of groceries. .
Don't know if you've been around long, but from 2009 to 2017, it sure seemed like conservatives were VERY worried about deficits and debt. I mean...they would wring their hands and moan "but our GRANDCHILDREN will suffer". Then...they get tossed a few crumbs of a tax cut...they look at a record deficit and they look at another trillion added to the debt. Finally, they look at their grandkids and say "f- 'em....I got mine"
Dog Wonder
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Dog Wonder
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KCFlyer
Veteran
OP
- Sep 30, 2003
- 3,997
- 898
- Thread Starter
- #75
Not so easy when things seem to be not so libtardedly simple, it's all hard to understand....the hypocrisy.
