The 7 Biggest Failures of Trumponomics

[LV426]

I get the argument that the tax cuts should have been made permanent. I don't understand the argument that if they're not made permanent we shouldn't have tax cuts for 7 or 8 years because they will raise back to today's rates in the future.

We shouldn't have tax cuts at all because the only thing tax cuts do is increase deficits.

[LV426]

i think 5 shows that the economist is politically incompetent. Anyone can figure out that when it comes time to extend the middle class tax cut the party in power would do it rather than face an unpopular tax hike.

How come Conservatives didn't make the middle class cuts permanent the first time?

[LV426]

You always have an excuse for the incompetent Nancy Pelosi

How come you didn't make the middle class cuts permanent the first time?

[Earl]

The Democrats could make the tax cuts for the Middle Class permanent but they had rather complain than help the middle class.

[LV426]

Imagine what a political weapon Nancy would have heading into 2020 if she passed a permanent middle class tax cut and The Turtle didn’t pass it

Say, what is the approval rating for the Russia Tax Cut? Only 31%

What is the oppose rating for the Russia Tax Cut? 39%

People don't give a shit about tax cuts since tax cuts never deliver on any of the promises made of them, and only serve the goal of unbalancing the budget in order to force cuts to programs to which you are ideologically opposed, but lack the courage, will, and support to repeal through conventional legislation.

You practice fiscal terrorism with your tax cuts.

[LV426]

“On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act. It cuts individual income tax rates, doubles the standard deduction, and eliminates personal exemptions. The top individual tax rate drops to 37%.”

Of course if the radical Democrat Socialists had any integrity (they don’t) they would pay the old higher tax rates, not the new lower tax rates,

You promised that wages would grow by $4,000-$9,000.

They didn't. You lied.

[Blackwater Lunchbreak]

The Democrats could make the tax cuts for the Middle Class permanent but they had rather complain than help the middle class.

yep they like mass murder and genocide to save the planet. they call it the "new normal" and think they're morally and intellectually superior for these atrocious misinformed views.

[LV426]

The Democrats could make the tax cuts for the Middle Class permanent but they had rather complain than help the middle class.

Why didn't you make them permanent when you passed the dumb bill back in 2017?

[Truth Detector]

Old Bobb has already violated the JPP TOS.

He's skating on the thin ice of banishment.

I've reported him for TWO obvious 12B violations.

[Gonzomin]

This thread is total horse mierda.

Total.

Does that mean absolute fact? You cannot debate a single word of it.

[Gonzomin]

Why didn't you make them permanent when you passed the dumb bill back in 2017?

Because you have to make compromises to get things passed. They got a cut. The Repubs in power kill it. this is simple.

[PoliTalker]

Thanks for posting this great thread, signalmankenneth,

Spot on, on every account.

Never before has there been such a massive about-face as the Republican approach to the federal debt whilst transitioning from the Obama presidency to that of Trump.

Under Obama, Republicans claimed the rising debt was going to BANKRUPT THE UNITED STATES.

Under Trump, Republicans could hardly be quieter about the debt. It is as if they are all pretending it doesn't even exist.

Trump claimed that, as president, he would wipe out the Federal Debt in just 8 years. He lied. He has given the debt no consideration or mention.

Instead, he has raised it.

And more importantly, he has raised the Debt-to-GDP ratio.

The truth is, the USA can sustain a substantial debt, as long as the economy and taxation generate enough revenue to service it. Ideally, the revenue would exceed expenditures and gradually reduce the debt. The next best situation would be if the GDP were to grow faster than the debt grows. A growing debt could be entirely sustainable and healthy for the nation if the economy and revenue grew faster.

Sadly, Trump has not managed to grow the economy as fast as the debt.

The debt/GDP ratio was 105.31% in 2016.

Now, Trump has run it up to 105.57%.

That is going the WRONG WAY.

The debt is growing faster than the economy.

And THAT is a recipe for financial disaster.

Tick tock.

[Grokmaster]

Did Reich ever pay back HIS CUT if the $millions he helped ENRON defraud its shareholders out of, IMMEDIATELY after leaving the Clinton Adm. ?


Didn't think so.


Citing that foaning assholes ideas for the American peopples' money, is like hiring the weasels for chicken coop security.

[Earl]

The economy is booming, taxes are low, the stock market is near 27,000, there is virtually no unemployment...more jobs than workers, the Fed is going to lower interest rates very soon, and Crooked Hillary is not President.

The Grand Architecture of the Universe is raining down Divine Providence on this fair land.

[PoliTalker]

Hello Grokmaster,

Did Reich ever pay back HIS CUT if the $millions he helped ENRON defraud its shareholders out of, IMMEDIATELY after leaving the Clinton Adm. ?


Didn't think so.


Citing that foaning assholes ideas for the American peopples' money, is like hiring the weasels for chicken coop security.

Yeah and putting Trump in charge of the nation is like putting BP in charge of the environment.