The 7 Biggest Failures of Trumponomics

[Earl]

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.

You aren’t an E-Con major, are you, Snowflake?

Do you have a major in anything, Snowflake...basket weaving and black studies, perhaps?

Didn’t they teach you that black isn’t white in middle school?

My Son-in-Law, who will have his PhD in Economics as soon as he defends his disertation, read your ignorant post and says you are wrong on every point.

[Truth Detector]

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 foaming assholes ideas for the American peoples' money, is like hiring the weasels for chicken coop security.

TRUE!

[PostmodernProphet]

How can you get a federal income tax cut if you don’t pay federal income taxes?

It’s simple math

which explains why lib'ruls don't understand it......

[PostmodernProphet]

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

Rana is busy trying to figure out if he's a lib'rul she needs to protect......

[Getin the ring]

Yeah, dumbfuck.

While the corporate tax cuts are permanent, the individual cuts expire in 2025.

so the new congress can fix it if they want to,

are you THIS slow really?

[katzgar]

You aren’t an E-Con major, are you, Snowflake?

Do you have a major in anything, Snowflake...basket weaving and black studies, perhaps?

Didn’t they teach you that black isn’t white in middle school?

My Son-in-Law, who will have his PhD in Economics as soon as he defends his disertation, read your ignorant post and says you are wrong on every point.

Your assertion that a massive deficit is a good thing is probably wrong

[Earl]

There were massive deficits during the 8 years of the Obama failed presidency.

The national debt doubled, more than the previous years combined.

Yes, the massive deficits and national debt during the Obama failed presidency were bad.

[tsuke]

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

because it wouldnt pass otherwise.

[domer76]

so the new congress can fix it if they want to,

are you THIS slow really?

What a gullible dumbfuck. McConnell will block anything out of the House.

It's your bill, cocksucker. Own it.

Moron.

[domer76]

because it wouldnt pass otherwise.

Why wouldn't it pass?

Because they don't give a flying fuck about the average taxpayer, dumbshit.

[canceled.2021.2]

lol

Take your TEMPORARY crumbs now, sucker. They’ll disappear in a few years. The gold mine for the corporations eon’t.

You got fucked, pal. You’re just too stupid to realize it.

Sucker.

Did you get fucked too?

[domer76]

Did you get fucked too?

I'm not one of the 1%. Did you get your $4-5000 as promised?

[LV426]

because it wouldnt pass otherwise.

Why wouldn't it have passed with permanent middle class tax cuts?

[LV426]

Did you get fucked too?

Most workers did.

Americans have gotten $0.01 more in bonuses since Drumpf's tax cuts
https://www.axios.com/trump-tax-cuts...fbf91ca58.html