The 7 Biggest Failures of Trumponomics
- Thread starter signalmankenneth
- Start date
The Trump tax cut went to the top 1 percent, over 85 percent. It jacked up the debt only 2 trillion dollars. When Trump was called on it, he said he would have another cut that really would help the middle class. Then did nothing. So you do not understand the facts as usual.
No, he promised wages would grow by $4,000-$9,000 if the Russia Tax Cut was passed (actual increase; $350, less than inflation)
He also promised 3% growth last year if the tax cut was passed (actual growth, 2.85%, below 2015's 2.88% growth)
He also promised the tax cuts would reduce the deficit. (deficit grew 25% last year and 39% this year)
He also promised the market would grow (since the start of the Russia Tax Cut, the market has grown less than 3% in 17 1/2 months)
He also promised the tax cuts would create jobs, yet last month was the worst jobs report in 10 years.
So promising a tax cut, but raising everyone's liability resulting in more payments to the government, isn't delivering on a tax cut
How come Conservatives didn't make them permanent the first time?
Why weren't they permanent the first time?
Why should Pelosi do something you failed to do?
How come you didn't make the middle class ones permanent but you made the corporate ones permanent?
We shouldn't have tax cuts at all because the only thing tax cuts do is increase deficits.
How come Conservatives didn't make the middle class cuts permanent the first time?
How come you didn't make the middle class cuts permanent the first time?
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.
Ichabod Stain
Was it me?
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.
I've reported him for TWO obvious 12B violations.
Does that mean absolute fact? You cannot debate a single word of it.
Because you have to make compromises to get things passed. They got a cut. The Repubs in power kill it. this is simple.
PoliTalker
Diversity Makes Greatness
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.
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.
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.
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.
The Grand Architecture of the Universe is raining down Divine Providence on this fair land.
PoliTalker
Diversity Makes Greatness
Hello Grokmaster,
Yeah and putting Trump in charge of the nation is like putting BP in charge of the environment.
Yeah and putting Trump in charge of the nation is like putting BP in charge of the environment.