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The Trump tax cut is on track to destroy the U.S. economy.
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May 1, 2018 02:21:27   #
Chocura750
 
When enacted just a few months ago it was sold as a massive job creator; it hasn't.
It was supposed to boost economic growth: it didn't.
And then there were some who predicted it would increase the national debt; it has.
The U.S. last quarter borrowed $488 Billion dollars which was the greatest quarterly borrowing since the $549 Billion borrowed in Q4 2008 when the economy was collapsing and hundreds of thousands of jobs a month were being lost.
This current debt increase will continue for economists estimate that a total of $1 Trillion $200 Billion will be the total increased amount the U.S. will borrow this year.
There will be a similar increase next year.
The argument that the benefits of the tax cut take a while to kick in is garbage.
At full employment there are no more jobs that can be created and without additional jobs the gross domestic product will not increase.
However, inflation will increase. The stock market will crash. And the real economy will contract.
A curse on those in Washington who knew this would happen, but lacked the courage to oppose a delusional President.

Reply
May 1, 2018 02:37:41   #
Wolf counselor Loc: Heart of Texas
 
Chocura750 wrote:
When enacted just a few months ago it was sold as a massive job creator; it hasn't.
It was supposed to boost economic growth: it didn't.
And then there were some who predicted it would increase the national debt; it has.
The U.S. last quarter borrowed $488 Billion dollars which was the greatest quarterly borrowing since the $549 Billion borrowed in Q4 2008 when the economy was collapsing and hundreds of thousands of jobs a month were being lost.
This current debt increase will continue for economists estimate that a total of $1 Trillion $200 Billion will be the total increased amount the U.S. will borrow this year.
There will be a similar increase next year.
The argument that the benefits of the tax cut take a while to kick in is garbage.
At full employment there are no more jobs that can be created and without additional jobs the gross domestic product will not increase.
However, inflation will increase. The stock market will crash. And the real economy will contract.
A curse on those in Washington who knew this would happen, but lacked the courage to oppose a delusional President.
When enacted just a few months ago it was sold as ... (show quote)


That's why we've been preparing for the past twenty years.

The truly delusional are those who think that the president is responsible for their well being.

I'm literally prepared for anything from a stock market crash to Armageddon.

The only thing you seem to be prepared for is to jump on any opportunity to complain about your world not being a Rose garden.

Reply
May 1, 2018 04:47:45   #
Weasel Loc: In the Great State Of Indiana!!
 
Wolf counselor wrote:
That's why we've been preparing for the past twenty years.

The truly delusional are those who think that the president is responsible for their well being.

I'm literally prepared for anything from a stock market crash to Armageddon.

The only thing you seem to be prepared for is to jump on any opportunity to complain about your world not being a Rose garden.


Are you a member of the Resistance Movement to ruin America?
I will never understand You People!

Reply
 
 
May 1, 2018 05:27:28   #
old marine Loc: America home of the brave
 
Chocura750 wrote:
A curse on those in Washington who knew this would happen, but lacked the courage to oppose a delusional President.


To set the record straight it was the Demon-crat's Obummers administration that:

1. Spent more money in eight years than EVERY administration since George Washington including fighting all the war that were fought which are two numerous to list here.

2. Stole fourteen trillion dollars of the Social Security trust fund that is not part of the general public funds by replacing the money with worthless IOU bonds to balance the books.

3. Borrowed some 20 trillion dollars on America's credit and got our credit rate reduced from AAA. to AA.

4. Can not account for most of the money was spent.

This is just a portion of what was left for the newly elected president to deal with.

Semper Fi brother's and sister's
God bless America and President Trump

Reply
May 1, 2018 05:28:56   #
Super Dave Loc: Realville, USA
 
Wolf counselor wrote:
That's why we've been preparing for the past twenty years.

The truly delusional are those who think that the president is responsible for their well being.

I'm literally prepared for anything from a stock market crash to Armageddon.

The only thing you seem to be prepared for is to jump on any opportunity to complain about your world not being a Rose garden.
Cocoa was on another thread supporting the Iranian terrorists....

Any opportunity to work against America's interest is good enough for the progs.

Reply
May 1, 2018 06:33:10   #
nonalien1 Loc: Mojave Desert
 
My friend works for a cable company and just got a $1000 bonus and $2 an hour raise because of his companys tax cut. So don't be so pessimistic.

Reply
May 1, 2018 06:42:30   #
Super Dave Loc: Realville, USA
 
nonalien1 wrote:
My friend works for a cable company and just got a $1000 bonus and $2 an hour raise because of his companys tax cut. So don't be so pessimistic.
H**ers h**e. That's what they do.

To admit the t***h would mean to admit their own errors.

Reply
 
 
May 1, 2018 08:00:06   #
Buford Loc: Arizona
 
Chocura750 wrote:
When enacted just a few months ago it was sold as a massive job creator; it hasn't.
It was supposed to boost economic growth: it didn't.
And then there were some who predicted it would increase the national debt; it has.
The U.S. last quarter borrowed $488 Billion dollars which was the greatest quarterly borrowing since the $549 Billion borrowed in Q4 2008 when the economy was collapsing and hundreds of thousands of jobs a month were being lost.
This current debt increase will continue for economists estimate that a total of $1 Trillion $200 Billion will be the total increased amount the U.S. will borrow this year.
There will be a similar increase next year.
The argument that the benefits of the tax cut take a while to kick in is garbage.
At full employment there are no more jobs that can be created and without additional jobs the gross domestic product will not increase.
However, inflation will increase. The stock market will crash. And the real economy will contract.
A curse on those in Washington who knew this would happen, but lacked the courage to oppose a delusional President.
When enacted just a few months ago it was sold as ... (show quote)



Are you trying to be funny or are you just a f***ing i***t
It’s only been a few months and you want everything fixed well stop and think (if you can) Obama had 8 years to get us in the mess we are in

Reply
May 1, 2018 08:22:22   #
PulletSurprise Loc: Columbus, GA
 
The stimulus produced only broken promises and massive debt.

How many months was unemployment higher than President Obama’s promised?
It was through his entire administration!
If you remember, his administration had to re-construe how they administered and presented the unemployment figures or it would have been greater than acknowledged!

President Obama promised the stimulus would not only have a large impact but also an immediate one. President Obama declared, "I'm confident ... our 21st century investments will create jobs immediately," adding, "We've got shovel-ready projects all across the country."

Those jobs never materialized, and it was not for lack of workers—or shovels. As President Obama remarked in June 2011, "Shovel-ready was not as shovel-ready as we expected." He chuckled through the mea culpa, but it's no laughing matter. Obama failed to deliver—and at great cost to taxpayers.

2010 U.S. Census data showed that 46.2 million Americans were living in poverty. Worse still, child poverty increased, rising to 21.6 percent. Many middle-class Americans, unable to find work or decent wages, fell below the poverty line. It's the most tragic cost of a prolonged economic nightmare.

The "green economy," President Obama vowed, would create millions of jobs. The Energy Department handed out $35.2 billion in stimulus money to jump start the clean energy industry, but it's created more red ink than green jobs. Nationally, green technology accounts for just 2 percent of employment nationwide and there has been no boom in the industry.

Nearly half a billion in taxpayer dollars was lost to the now-bankrupt solar energy company, Solyndra. The company, which laid off over 1,000 workers, was Obama's self-described poster-child for "American ingenuity and dynamism" in 2010. Today, it's the poster-child for reckless spending.
It would have been more beneficial to have delved out the $500,000 to the Social Security Recipents trying to live on a $1,000 a month than making the 'fat cats' fatter!

At a time when Americans were demanding a more effective and efficient government, President Obama chose to increase spending and increase taxes.

This is not counting the billions of dollars that helped the ‘Freedom Fighters’ who t***sformed into ISIS / ISIL.

This is not counting the billions of dollars paid President Obama’s Secret Army.

This is not counting the $800,000 funded George Soro’s off-shore drilling in Brazil, but denied exploration of our own resources. I don't consider Uranium One's deal with the Russians advantageous to the American people! Simply, we were sold out!

Who is delusional, Chocura750?
I'm not buckling under to the Progressive F*****t Masters' plans to be a s***e on their plantation, whether the Master Elites are Black, Brown, White or any other color under the sun!
Diamond and Silk have just as much right to speak out as Hitlary or Zburg.
Cash for Clunkers is not something to endear to one's heart!
Was this the change, you had hoped for... to become a godless people; to see MS13 and other gangsters rule the land; famine; butchering of babies; and the demise of our nation?

Reply
May 1, 2018 08:34:51   #
vernon
 
Chocura750 wrote:
When enacted just a few months ago it was sold as a massive job creator; it hasn't.
It was supposed to boost economic growth: it didn't.
And then there were some who predicted it would increase the national debt; it has.
The U.S. last quarter borrowed $488 Billion dollars which was the greatest quarterly borrowing since the $549 Billion borrowed in Q4 2008 when the economy was collapsing and hundreds of thousands of jobs a month were being lost.
This current debt increase will continue for economists estimate that a total of $1 Trillion $200 Billion will be the total increased amount the U.S. will borrow this year.
There will be a similar increase next year.
The argument that the benefits of the tax cut take a while to kick in is garbage.
At full employment there are no more jobs that can be created and without additional jobs the gross domestic product will not increase.
However, inflation will increase. The stock market will crash. And the real economy will contract.
A curse on those in Washington who knew this would happen, but lacked the courage to oppose a delusional President.
When enacted just a few months ago it was sold as ... (show quote)



Everyone knows that inflation caused by the government printing to much money .Obama was not only over spending but had the fed printing a trillion a year extra.Now you worry,I think that's a little late so hang on for the ride.

Reply
May 1, 2018 09:18:17   #
permafrost Loc: Minnesota
 
PulletSurprise wrote:
The stimulus produced only broken promises and massive debt.

How many months was unemployment higher than President Obama’s promised?
It was through his entire administration!
If you remember, his administration had to re-construe how they administered and presented the unemployment figures or it would have been greater than acknowledged!

President Obama promised the stimulus would not only have a large impact but also an immediate one. President Obama declared, "I'm confident ... our 21st century investments will create jobs immediately," adding, "We've got shovel-ready projects all across the country."

Those jobs never materialized, and it was not for lack of workers—or shovels. As President Obama remarked in June 2011, "Shovel-ready was not as shovel-ready as we expected." He chuckled through the mea culpa, but it's no laughing matter. Obama failed to deliver—and at great cost to taxpayers.

2010 U.S. Census data showed that 46.2 million Americans were living in poverty. Worse still, child poverty increased, rising to 21.6 percent. Many middle-class Americans, unable to find work or decent wages, fell below the poverty line. It's the most tragic cost of a prolonged economic nightmare.

The "green economy," President Obama vowed, would create millions of jobs. The Energy Department handed out $35.2 billion in stimulus money to jump start the clean energy industry, but it's created more red ink than green jobs. Nationally, green technology accounts for just 2 percent of employment nationwide and there has been no boom in the industry.

Nearly half a billion in taxpayer dollars was lost to the now-bankrupt solar energy company, Solyndra. The company, which laid off over 1,000 workers, was Obama's self-described poster-child for "American ingenuity and dynamism" in 2010. Today, it's the poster-child for reckless spending.
It would have been more beneficial to have delved out the $500,000 to the Social Security Recipents trying to live on a $1,000 a month than making the 'fat cats' fatter!

At a time when Americans were demanding a more effective and efficient government, President Obama chose to increase spending and increase taxes.

This is not counting the billions of dollars that helped the ‘Freedom Fighters’ who t***sformed into ISIS / ISIL.

This is not counting the billions of dollars paid President Obama’s Secret Army.

This is not counting the $800,000 funded George Soro’s off-shore drilling in Brazil, but denied exploration of our own resources. I don't consider Uranium One's deal with the Russians advantageous to the American people! Simply, we were sold out!

Who is delusional, Chocura750?
I'm not buckling under to the Progressive F*****t Masters' plans to be a s***e on their plantation, whether the Master Elites are Black, Brown, White or any other color under the sun!
Diamond and Silk have just as much right to speak out as Hitlary or Zburg.
Cash for Clunkers is not something to endear to one's heart!
Was this the change, you had hoped for... to become a godless people; to see MS13 and other gangsters rule the land; famine; butchering of babies; and the demise of our nation?
The stimulus produced only broken promises and mas... (show quote)




geez, what country do you live in???



Reply
 
 
May 1, 2018 10:12:24   #
Super Dave Loc: Realville, USA
 
permafrost wrote:
geez, what country do you live in???

The country that you pretended to care about future generations paying off the debt.

You've been whining about tax cuts so hard I guess you forgot future children of America will be paying for the failed stimulus.

Reply
May 1, 2018 11:13:14   #
Chocura750
 
Unlike some who write on this site, I've lived through and remember 2008-2009. Millions people lost their jobs during that period. On the finance side the government guaranteed the solvency of all the trillions in all the money market accounts. Get your head around that to see what a mess the financial sector was in. The distress was caused by the greed of bankers and mortgage brokers who put together securities backed by mortgage loans to bad credit borrowers and then sold the securities to institutional investors while taking a fee for making the sale. When the mortgage loans went bad, the securities went into default and the investment bankers went belly up. Then the financial system froze. Without the massive increase in the money supply which was a result of the Federal Reserve Bank's buying trillions of treasuries and the government spending trillions in deficit spending, there would have been a financial collapse. There still might be, since the Fed is trying to get its money back by selling the treasuries it bought when increasing the money supply which selling will result in higher interest rates, higher inflation and then economic distress. It's baked in the cake. The tax cut was absolute insanity and delusion.

Reply
May 1, 2018 11:30:10   #
old marine Loc: America home of the brave
 
PulletSurprise wrote:
The stimulus produced only broken promises and massive debt.

How many months was unemployment higher than President Obama’s promised?
It was through his entire administration!
If you remember, his administration had to re-construe how they administered and presented the unemployment figures or it would have been greater than acknowledged!

President Obama promised the stimulus would not only have a large impact but also an immediate one. President Obama declared, "I'm confident ... our 21st century investments will create jobs immediately," adding, "We've got shovel-ready projects all across the country."

Those jobs never materialized, and it was not for lack of workers—or shovels. As President Obama remarked in June 2011, "Shovel-ready was not as shovel-ready as we expected." He chuckled through the mea culpa, but it's no laughing matter. Obama failed to deliver—and at great cost to taxpayers.

2010 U.S. Census data showed that 46.2 million Americans were living in poverty. Worse still, child poverty increased, rising to 21.6 percent. Many middle-class Americans, unable to find work or decent wages, fell below the poverty line. It's the most tragic cost of a prolonged economic nightmare.

The "green economy," President Obama vowed, would create millions of jobs. The Energy Department handed out $35.2 billion in stimulus money to jump start the clean energy industry, but it's created more red ink than green jobs. Nationally, green technology accounts for just 2 percent of employment nationwide and there has been no boom in the industry.

Nearly half a billion in taxpayer dollars was lost to the now-bankrupt solar energy company, Solyndra. The company, which laid off over 1,000 workers, was Obama's self-described poster-child for "American ingenuity and dynamism" in 2010. Today, it's the poster-child for reckless spending.
It would have been more beneficial to have delved out the $500,000 to the Social Security Recipents trying to live on a $1,000 a month than making the 'fat cats' fatter!

At a time when Americans were demanding a more effective and efficient government, President Obama chose to increase spending and increase taxes.

This is not counting the billions of dollars that helped the ‘Freedom Fighters’ who t***sformed into ISIS / ISIL.

This is not counting the billions of dollars paid President Obama’s Secret Army.

This is not counting the $800,000 funded George Soro’s off-shore drilling in Brazil, but denied exploration of our own resources. I don't consider Uranium One's deal with the Russians advantageous to the American people! Simply, we were sold out!

Who is delusional, Chocura750?
I'm not buckling under to the Progressive F*****t Masters' plans to be a s***e on their plantation, whether the Master Elites are Black, Brown, White or any other color under the sun!
Diamond and Silk have just as much right to speak out as Hitlary or Zburg.
Cash for Clunkers is not something to endear to one's heart!
Was this the change, you had hoped for... to become a godless people; to see MS13 and other gangsters rule the land; famine; butchering of babies; and the demise of our nation?
The stimulus produced only broken promises and mas... (show quote)




Semper Fi
God bless America and President Trump

Reply
May 1, 2018 11:38:17   #
old marine Loc: America home of the brave
 
vernon wrote:
Everyone knows that inflation caused by the government printing to much money .Obama was not only over spending but had the fed printing a trillion a year extra.Now you worry,I think that's a little late so hang on for the ride.

Funny how all that "stored" money disappeared with no records where it ended up when Obummer left office.

Strange the Demon-crat e******n funds gained millions of dollars from unknown donations and Obummer and his staff came up with millions of unaccounted dollars.

Semper Fi America
God bless America and President Trump

Reply
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