As predicted Trump's tax cut has increased inflation and ballooned the deficit (Page 2): What!!?? How can there be a deficit.....................when the Gov. is claiming that Trump...

lpnmajor Loc: Arkansas

Chocura750 wrote:

Inflation has reached a six year high and the deficit for May was well over that of May, 2017. I'm willing to bet both will increase again next month. Check back the eighth business day of July for figures for June. Trump has really messed up on this.

What!!?? How can there be a deficit.....................when the Gov. is claiming that Trump has created a surplus?

Oh yeah, they're counting income - before paying the bills.

JFlorio Loc: Seminole Florida

Your statements get dumber and dumber the longer you are on OPP. Maybe you should take a break for awhile before you become full blown stupid.

lpnmajor wrote:

What!!?? How can there be a deficit.....................when the Gov. is claiming that Trump has created a surplus?

Oh yeah, they're counting income - before paying the bills.

ldsuttonjr Loc: ShangriLa

Chocura750 wrote:

Inflation in many cities is well over three %, so ... (show quote)

cookie: Milton Friedman says different! Your analogy is extremely flawed!......Just like your ideology! Our Founding Fathers new the evils of forming political parties; not to mention lobbyist, and now we suffer their results. They faltered again when they took morality out of Law. Just think, we let these buffoons garnish our wages for taxes - if only we had to pay our taxes by check every month we would have realized our stupidity. I’m sure this would be a different Country today , but we have become so apathetic and just plain dumb. We know who the enemy is and it is we! But it has been proven without a doubt the effects of a free-market is second to none! As Milton Friedman said “So that the record of history is absolutely crystal clear - there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” "I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible." -Milton Friedman-. Have I got you steaming yet? Everybody is guilty of greed but what is greed? Surly you have watched young children horde their toys from others - where did they get this security issue from - I think it is just human nature! Our markets are no different. What we need to do with our markets is let them flourish - its the only way that has been discovered to have a lot of people cooperate voluntarily and that’s why it is so essential to preserve individual freedom. The American people have been spoiled - we have redefined poverty and lost interest in whats best for the Country. Most or us truly want a logical cure and better results - but too many of us are in apposing fox holes! Thomas Paine put it best - "Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one."

JFlorio Loc: Seminole Florida

You notice when bitching about deficits these loons never, ever, bring up cutting any government programs

ldsuttonjr wrote:

cookie: Milton Friedman says different! Your ana... (show quote)

Floyd Brown Loc: Milwaukee WI

JRumeryjr wrote:

I'll bet none of his 'cronies' have felt any of it!

Of course they have.

They have felt the goof side.

It is what has become the new American Dream.

You have assets:
You should get the tax breaks.
You have some more extra money?
Share it with your favorite Politician.
Buy some more tax breaks.

silvereagle

3.8% unemployment means more people are working thus paying more in taxes.Its just the gubment won't slow down on spending

JFlorio Loc: Seminole Florida

Why would they give people that pay Federal Tax's a tax break when thy can give more money to people for having kids or sitting on their ass?

Floyd Brown wrote:

Of course they have.

They have felt the goof side.

It is what has become the new American Dream.

You have assets:
You should get the tax breaks.
You have some more extra money?
Share it with your favorite Politician.
Buy some more tax breaks.

jack sequim wa Loc: Blanchard, Idaho

boatbob2 wrote:

lets talk about inflation,I remember,when WE could buy the nicest Ford pickup,for less than $3,000.00,now it costs $65,000.00.of course,a lot of that price,is due to labor unions.

Labor unions and leftist regulations that are unrealistic and cost the manufacturers billions, which then cost us thousands in price increase.

BigMike Loc: yerington nv

Chocura750 wrote:

Inflation has reached a six year high and the deficit for May was well over that of May, 2017. I'm willing to bet both will increase again next month. Check back the eighth business day of July for figures for June. Trump has really messed up on this.

Um...BTW...you know the raising of interest rates isn't always a bad thing, don't you?

You do know a little about economics, right?

BigMike Loc: yerington nv

Chocura750 wrote:

Inflation in many cities is well over three %, so the crumbs from that 5% pay raise are pretty much out the window.

Cities? Which cities did you have in mind?

Quote:

Trump himself and your son's employer got a 30% tax cut so if we could review their tax returns we would probably find they are doing OK. A lot of the lower income people who voted for him are going to be crushed. Of course Trump and his rich supporters will get richer and richer.

You know what I SEE for the first time in I-don't-know-how-long?

HELP WANTED signs everywhere!

Quote:

As any economist will tell you, running a deficit when the unemployment rate is 10.5% and 500,000 people a month are losing their jobs ( 2009 ) is smart; running a deficit when the unemployment rate is 3.8% and there are more job openings than unemployed ( 2018 ) is stupid.

so...was it better in 2009 or 2018?

Quote:

There is supposed to be a short term increase in t... (show quote)

Supposed to be a short term increase in revenues? You sound like a "revenuer" to me!

Quote:

Trump will have to propose tax increases in a year or so to avoid disasterist deficits, unless he cuts social security, Medicare, medicaid, government pensions and military spending. He can't cut the amount of interest payable on the national debt, both of which will be getting bigger and bigger, especially if The Federal Reserve Bank raises interest rates to curb inflation.

Why don't we just wait a bit, Nostradamus, and see what happens since your post is mostly a few cherry-picked seeds of truth fertilized by a mountain of BS?

Quote:

The future budgetary disaster is baked into the cake. Trump and the Republicans have lit a fuse to a bomb which will destroy this country. You can watch it in slow motion. Sad. Very sad.

What's sad is the baby-boomers managed to accumulate so much debt in so short a time.

Have a nice retirement guys. Your kids and grandkids and great-grandkids are gonna have to foot the bill.

The slow motion disaster began after WWII when people voted money for themselves.

Once that genie is out of the bottle everyone has to get a wish.

Blame Trump indeed! Look around...look in the mirror. We're the addicts who insist on running up the bills.

ldsuttonjr Loc: ShangriLa

BigMike wrote:

What's sad is the baby-boomers managed to accumula... (show quote)

mike: Not this Baby Boomer!

JimMe

Chocura750 wrote:

Inflation has reached a six year high and the deficit for May was well over that of May, 2017. I'm willing to bet both will increase again next month. Check back the eighth business day of July for figures for June. Trump has really messed up on this.

Inflation has reached a six year high, but it's still well under 3%, and that isn't all that bad... A stagnant inflation reflects a stagnant economy... A stimulated economy will, by nature, stimulate inflation...

And given Pres Trump was given a Debt exceeding $20.244 Trillion, $8.335 Trillion of which was under Pres Obama, taking one month's increase in Debt of $77 Billion as "... really messed up..." is not much of a mess...

teabag09

Inflation went up years ago. Bread almost $3.00, Milk almost $4.00, gas almost $4.00 etc. and this was BEFORE President Trump. Jim, this is not directed at you but is in response to the idiotic claims of some before you. They know who they are. Mike

JimMe wrote:

Inflation has reached a six year high, but it's still well under 3%, and that isn't all that bad... A stagnant inflation reflects a stagnant economy... A stimulated economy will, by nature, stimulate inflation...

And given Pres Trump was given a Debt exceeding $20.244 Trillion, $8.335 Trillion of which was under Pres Obama, taking one month's increase in Debt of $77 Billion as "... really messed up..." is not much of a mess...

jack sequim wa Loc: Blanchard, Idaho

teabag09 wrote:

Inflation went up years ago. Bread almost $3.00, Milk almost $4.00, gas almost $4.00 etc. and this was BEFORE President Trump. Jim, this is not directed at you but is in response to the idiotic claims of some before you. They know who they are. Mike

Gee, and would one guess those items and many others that skyrocketed are not factored into the inflation math.

vettelover Loc: Richmond Va

Chocura750 wrote:

Inflation has reached a six year high and the deficit for May was well over that of May, 2017. I'm willing to bet both will increase again next month. Check back the eighth business day of July for figures for June. Trump has really messed up on this.

Obviously you know nothing of economics and how money is created from nothing. You are also completely ignoring the last four administrations and the congressional players who are directly responsible. It's the funded and unfunded liabilities that will be our Waterloo. Watch the bonds!