tariffs actually increase GDP.. get out of here..
the world economy is slowing down,and it effects our ability to export
Conservative Tax Cuts slowed the economy
- Thread starter LV426
- Start date
the world economy is slowing down,and it effects our ability to export
no.
minimum wages only increased about 1/2 the states, and this is wage growth above the minimum wage percentile
They certainly, nor will they ever, pay for themselves as promised, in fact, probably the major reason Trump is pilling up trillion dollar debts even while the country enjoys a good economy
It was just another conservative redistribution of wealth, there is a reason the Middle Class has faded, wealth has gone from the middle to the top, the reason we have serious income inequality in America today
And I believe more by the day that it is all by design, conservatives tried unsucessively for decades to rewrite FDR, now, with deficts still climbing, it is only a matter of time till entitlements become thier solution to curb debt, which will return again as one of their supposed principles as soon as a Democrat occupies 1600 Pennsylvania Ave
I always have to laugh when morons like Arsecheese bloviate this brain dead canard. How in the hell do tax cuts pay for themselves???
After the tax cuts were passed, revenue still increased. For morons like Arsecheese, we have a SPENDING problem in Government. Not a revenue problem.
The MAJOR reason we are piling up trillions is due to Obamacare that willful idiots like you supported and cheered.
Isn't it funny how dishonest lying hacks like Arsecheese and LV426 never complained when Obama had record amounts of debt and deficits.
I am betting that lying leftist hacks like Arsecheese and LV426 haven't written a single letter to their Representatives demanding that they work with Trump to get the budget under control.
Another incredibly stupid and lie filled claim Arsecheese; you seem to be quite full of them. Why you might ask? Because the wealthy are the one's who PAID in. The fact that they are allowed to keep more of what they EARNED did not redistribute anything.
Redistribution schemes by dishonest politicians are nothing more than vote buying and do NOTHING to help the people the dishonest lying leftist hack politicians say they are.
This claim is pure bull shit Arsecheese. The Middle Class is growing.
according to new Census Bureau data on the incomes of America's middle class. This study by former Census Bureau researchers and now statisticians at Sentier Research has found gigantic income gains for the middle class under Trump. The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).
The Democratically controlled Congress engaged in deficit spending for decades with not a word from you leftist liars. The ONLY congress that controlled spending and balanced the budget was the Republican Congress while Billy Bob Clinton was getting BJs from interns.
Entitlement spending is an abomination that does NOTHING to make lives better. It turns perfectly healthy citizens into dependent wards of the state and a reliable vote for the Party of the Jackass.
Entitlement spending is the single largest factor of why we have deficits. The uncontrolled appetite by left leaning Democrats makes balancing the budget nearly impossible.
I am betting that lying leftist hacks like Arsecheese haven't written a single letter to their Representatives demanding that they work with Trump to get the budget under control.
Not when companies go bankrupt or downsize because of them. Moron
It's fiscal terrorism; deliberately manufacturing budget deficits in order to use as an excuse to cut spending in order to inflict punitive harm on those they sanctimoniously judge, and to which programs they are ideologically opposed, but lack the true courage, will, and support to repeal outright through conventional legislation.
Inflation from the start of 2017 through the end 2019 was 4%, you jackass.
Sirthinksalot
Verified User
I'd see we may have even won bigly!
Do you think we allow low IQ morons like you to make up your bullshit as you go; assclown?
STFU; seriously.
Fascinating claim; yet, when Obama was running up the largest record of debt and deficits in our history, you cheered him. Lying leftist morons like you really need to just STFU. You're embarrassing yourselves with this hypocritical stupidity.
countryboy
Verified User
What are you basing that on? Because the actual statistics disagree.
FYI, we still have a progressive tax system.
A tariff is a tax on American consumers. We pay for a tariff. They result in higher prices.
You're the lying jackass shit-for-brains.
2017 was 2.13%. 2018 was 2.44% and 2019 was 1.81% averaging 2.13%.
https://www.in2013dollars.com/current-inflation-rate
I know that, thanks.
The first day of the steel tarrifs a big nail manufacturer went out of business.
Steel was their main raw product and 25% was higher than their margin.
cawacko
Well-known member
Well over half the federal budget is spent on entitlements and the military. So yes, if you are serious about addressing the debt you must address the largest programs.
If you want to talk inequality why do we have a federal reserve pushing asset inflation with their policies? Who benefits when equities and home prices increase at the rate they have? It isn't really the poor.
One can disagree with the tax cuts but its pretty mind blowing to see supposedly educated people argue they hinder growth along with thinking they act alone in determining economic results.
The poor do not benefit from equity and home prices increasing. People who are poor do not own things (by definition), so do not benefit when the price of things you invest in go up. They have to pay higher rent, so they actually lose when home prices go up.
The other group that lose when equity and home prices increase is those with incomes, but no equity, or the young. With home prices going up so much quicker than income, it is becoming impossible for many millennials to even think of buying a house. The government spending so much to prop up home prices feels like intergenerational economic warfare to them.
A less obvious group that this all hurts is home owners. The huge number of homeowners are trapped in communities where they are making much lower income than they could be. And because homeownership often comes with a mortgage, they are paying a premium for that lower income. And because that is their primary investment, anything happens wrong with that one investment, they lose everything. Worse yet, when they retire, they must choose between cashing out, and having somewhere to live.
jimmymccready
Verified User
Actually the poor and working class are paying more % than the wealthy and rich.
The GDP will not grow more than 1.2 to 1.4 now to election day.
I always have to laugh when morons like Arsecheese bloviate this brain dead canard. How in the hell do tax cuts pay for themselves???
After the tax cuts were passed, revenue still increased. For morons like Arsecheese, we have a SPENDING problem in Government. Not a revenue problem.
The MAJOR reason we are piling up trillions is due to Obamacare that willful idiots like you supported and cheered.
Isn't it funny how dishonest lying hacks like Arsecheese and LV426 never complained when Obama had record amounts of debt and deficits.
I am betting that lying leftist hacks like Arsecheese and LV426 haven't written a single letter to their Representatives demanding that they work with Trump to get the budget under control.
Another incredibly stupid and lie filled claim Arsecheese; you seem to be quite full of them. Why you might ask? Because the wealthy are the one's who PAID in. The fact that they are allowed to keep more of what they EARNED did not redistribute anything.
Redistribution schemes by dishonest politicians are nothing more than vote buying and do NOTHING to help the people the dishonest lying leftist hack politicians say they are.
This claim is pure bull shit Arsecheese. The Middle Class is growing.
according to new Census Bureau data on the incomes of America's middle class. This study by former Census Bureau researchers and now statisticians at Sentier Research has found gigantic income gains for the middle class under Trump. The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).
The Democratically controlled Congress engaged in deficit spending for decades with not a word from you leftist liars. The ONLY congress that controlled spending and balanced the budget was the Republican Congress while Billy Bob Clinton was getting BJs from interns.
Entitlement spending is an abomination that does NOTHING to make lives better. It turns perfectly healthy citizens into dependent wards of the state and a reliable vote for the Party of the Jackass.
Entitlement spending is the single largest factor of why we have deficits. The uncontrolled appetite by left leaning Democrats makes balancing the budget nearly impossible.
I am betting that lying leftist hacks like Arsecheese haven't written a single letter to their Representatives demanding that they work with Trump to get the budget under control.
Funny, not what Steve Mnuchin said when the cuts were passed and is still saying today;
https://markets.businessinsider.com...s-pay-federal-deficit-grows-2020-1-1028840740
How many times does the obvious have to be explained to the obstinate? Discretionary spending decreased in the last three years of Obama's Administration, even when Obamacare was mandated, and it has grown considerably under Trump.
And now for the history lesson, again, Obama faced two wars, an unpaid drug prescription program, and a recession of historical proportions when he took office, deficts were going to occur, someone had to put currency into circulation to avoid sliding into a Depression. Trump caught the wave beginning in 2011, he enjoys a healthy economy, deficts and descretionary spending should be decreasing, it is not, the Lafer curve is bogus
The middle class isn't growing at any real measurable speed, if it was, the US would not be the victim of the gross income inequality it is facing today
Lastly, it is quite obvious "truthie" is a victim of the very designs I discribes above, in his views, rather the views he has swallowed, of course entitlements are bad, increasing discretionary spending is fine, but it is entitlements that have to go, he reminds one of the guy in 2010 who shouted at a Tea Party meeting that socialism was evil but Obama better keep his hands off of his Medicare
We pay when minimum wage gets increased. It results in higher prices. Thanks for admitting that it produces the same result as a tax.
There you go making excuses for the black BOY again.