It's amazing the lengths that people will go to, even to the point of insulting their own intelligence, to avoid the actual issue...
Well...
- Trump pairs up his massive
Tax Cuts and Jobs Act, in which the members of his wealthiest circle got permanent cuts, with a massive increase in government spending. The math:
Significant Reduction in Government Revenue + Significant Increase in Government Spending = Obvious Unsustainable Course.
- Those massive tax-cuts to corporations,
government revenue plunged to historically low levels in the first six months of the year, pushing up the federal budget deficit much faster than economists had predicted. Keep in mind, they increased government spending.
- Last month (July) corporations were able to take full advantage of the new, lower tax rates and reduced their payments to the federal government. The
Treasury Department on Thursday said government receipts fell 7% in June compared with the same month a year earlier, including a 33% drop in gross corporate taxes. Keep in mind, they increased government spending.
- It was also revealed in last month (July) that the Trump administration is considering bypassing Congress to
grant another $100 billion tax-cut mainly to the wealthy. So, more decrease in government revenue to go with that increase in spending.
- While the short-sighted cheered for their temporary tax-cut, the price of common goods began to go up and the price of gasoline began to rise. On top of this, Trump is playing a trade war game in which the government is having to give upwards
towards $12 billion in aid to farmers in what is clearly an example of the conservative-hated socialism (run for your lives!!!!)
So, when Trump declares that government workers will not be given the customary raise because the nation's budget can't support it now (which I assume will not affect the customary pay raise of the military?), one may want to step back to see the bigger situation more clearly. At the expense of the middle class, the lower-income earners, and the country's actual economic security, Trump's main goal since entering the White House has been to send ever more money to the 1%. Even rolling back EO's to safeguard the environment has been about economic boosts to specific captain's of industry since the current energy boom of North Africa began years ago. All of this has far more to do with personal bank accounts and far less about the nation.
Oh, and as we play our game with China, who do you think is going to loan us more money to cover our increased spending while reducing revenue?