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Thread: This Tax Bill Is a Trillion-Dollar Blunder

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Fearandloathing View Post
    I cannot refute anything in there but note the bold. First I recall the same GOP types in here were advocating infrastructure some time ago. Further Canada has doubled down on infrastructure spending (if I am tracking properly there are three new airports and a a few ice breakers) as well as many European countries have expanded debt based infrastructure spending.

    A long ago prime minister of Canada, John George Diefenbaker once said "never cut taxes unless the people are complaining", and I have never heard complaints about a high tax rate in the US, in fact the right complained, whined and warned the debt was too much!
    That is so true but the GOP has never missed a chance to cut taxes on their wealthy donors none the less. That is the reason for all the cuts greedy rich people that use their money to elect patsies that they then blackmail into more tax cuts for them. At least half of our debt is the result of those tax cuts to greedy individuals that are never satisfied with how much they have in the bank. Money is speech alright and so is blackmail.

    Those who can make you believe absurdities can make you commit atrocities.
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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by chuckiechan View Post
    Without the ability to see into the future, you are just shoveling gas. You title should be "Democrats say Tax Bill A Trillion Dollar Blunder". Unless Klaatu from Klaatuvill in the future wrote that, you all gotta have some proof that you are in fact able to see in the future.
    We can look at the future, by looking at the past. Trickle-down doesn't work. Reagan started the big deficit spending. G Bush continued it, but not as bad. Clinton and Gore got rid of the deficit completely! Bush and Cheney caused the biggest deficit since WWII, and handed off their mess to Obama/Biden. After cleaning up the Bush/Cheney problems, Obama started reducing the deficit substantially, but he could have done better his last year or two. The Afghan War is a huge deficit pig.

    us_deficit_history.png

    Reagan and GW tax cuts only served to raise the deficit. GW was the biggest fool. He lowered taxes and increased spending substantially. Duh!

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Fletch View Post
    Not sure what your beef is. Deficits don't matter, remember.
    Oh look, another conservative ( or conservative like poster) tries to pretend “deficits don’t matter” is some kind of democratic narrative and that it magically justifies the flaming lying hypocrisy of republicans concerning deficits. Serious question fletch, why is your obedience to conservative narratives more important than your integrity?


    Quote Originally Posted by RetiredUSN View Post
    Awesome....

    We can bundle this mistake with the many trillions the democrats added over the past 8 years and go down in a blaze of glory.
    That’s the thing RN, democrats didn’t “add trillions”. The “trillions” were baked in when bush destroyed the economy. The collapse in revenue accounted for most of the “trillions” you hold President Obama and democrats accountable for. I’m sure you know these facts already so let me ask you too, why is your obedience to conservative narratives more important than your integrity?

    And a bonus question. With the tax cut, will you still avoid hiring Americans?
    Quote Originally Posted by RetiredUSN View Post
    and I turn down more work than I accept to avoid hiring Americans.
    Quote Originally Posted by Lord of Planar View Post
    What proof is there Qaddafi ordered or financed that bombing? ......Qaddafi had the integrity to fight with his military. I don't believe he used terrorists.
    Quote Originally Posted by Conservative View Post
    You claim the economy was destroyed when Bush left office

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by upsideguy View Post
    Thanks for the clarification.... though to clarify to you, "voodoo" economics did not work politically either. The notion that cutting taxes led to robust economic growth in the 1980's did work politically, even though it wasn't the tax cuts that fueled growth.
    When I say that voodoo economics worked politically I mean that it did not hurt the Republicans. The top tax rate declined from 70% to 27%. The national debt tripled. Fewer jobs were created every year than under President Carter. Reagan's policies weakened the labor movement. Nevertheless, Reagan was reelected in a landslide. George H.W. Bush was elected president in 1988.

    The Reagan presidency really was transitional, as the Obama presidency was not. The Republicans have both houses of Congress, and most state legislatures. The President and most governors are Republican.

    Ronald Reagan was a dream come true for America's plutocracy. They got much richer. Reagan hurt the economic interests of the white working class. White blue collar workers seemed to get masochistic pleasure out of the pain, and shouted, "USA! USA!"

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by SmartCat View Post
    When I say that voodoo economics worked politically I mean that it did not hurt the Republicans. The top tax rate declined from 70% to 27%. The national debt tripled. Fewer jobs were created every year than under President Carter. Reagan's policies weakened the labor movement. Nevertheless, Reagan was reelected in a landslide. George H.W. Bush was elected president in 1988.

    The Reagan presidency really was transitional, as the Obama presidency was not. The Republicans have both houses of Congress, and most state legislatures. The President and most governors are Republican.

    Ronald Reagan was a dream come true for America's plutocracy. They got much richer. Reagan hurt the economic interests of the white working class. White blue collar workers seemed to get masochistic pleasure out of the pain, and shouted, "USA! USA!"
    You are wrong on your comparisons, as to cause and effect. Keep in mind, policies often take several years to be seen. The national debt more than doubled during president Reagan's time, but it took a long time for him to get inflation under control, and he left this nation better than he received it in. A large part of the debt increase was paying that high inflation on government bonds.

    One of the best indicators of an administration is prime interest rates. The sweet spot seems to be around 6% annual. Much higher or lower is a disaster.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Lord of Planar View Post
    You are wrong on your comparisons, as to cause and effect. Keep in mind, policies often take several years to be seen. The national debt more than doubled during president Reagan's time, but it took a long time for him to get inflation under control, and he left this nation better than he received it in. A large part of the debt increase was paying that high inflation on government bonds.

    One of the best indicators of an administration is prime interest rates. The sweet spot seems to be around 6% annual. Much higher or lower is a disaster.
    The effect of this tax bill will be a little growth for the midterms and then hopefully we'll have Democrats to blame for the slowdown so we can re-elect Donald Trump for the crash at the end of his Term or into yours (this time) don't you want the 2024?
    Exquisitor exquisitly exquisited an exquisit exquisitorial in the exquisitorium.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Exquisitor View Post
    The effect of this tax bill will be a little growth for the midterms and then hopefully we'll have Democrats to blame for the slowdown so we can re-elect Donald Trump for the crash at the end of his Term or into yours (this time) don't you want the 2024?
    You aren't making sense. Why would there be a crash?

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Lord of Planar View Post
    You aren't making sense. Why would there be a crash?
    There would be a crash, because all this money that you just gave people gets put into some bubble, or invested in high return so not available to the lending pool that the Government has to draw on, their investment extracting more money for the economy.

    Hopefully, your pleasant view can prove true, but I only know how well off we would be if the two Senators had voted no, but I have a problem with my Party if they think we need large government like it says right on the DNC website.

    I just think being fiscally responsible is far more productive than any tax cut and this one destroys all the steady growth Trump's business connections was so nicely leading.
    Exquisitor exquisitly exquisited an exquisit exquisitorial in the exquisitorium.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Exquisitor View Post
    There would be a crash, because all this money that you just gave people gets put into some bubble, or invested in high return so not available to the lending pool that the Government has to draw on, their investment extracting more money for the economy.

    Hopefully, your pleasant view can prove true, but I only know how well off we would be if the two Senators had voted no, but I have a problem with my Party if they think we need large government like it says right on the DNC website.

    I just think being fiscally responsible is far more productive than any tax cut and this one destroys all the steady growth Trump's business connections was so nicely leading.
    LOL...

    Bubbles are usually the product of irresponsibility, like the housing market crash, where democrats refused to make changes.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Lord of Planar View Post
    LOL...

    Bubbles are usually the product of irresponsibility, like the housing market crash, where democrats refused to make changes.
    Yes, we have irresponsibility to begin with, not paying our bills while giving tax break, when they so shouted about the deficit under Obama.

    You're right, the Democrats did have a year and a half to pass something Bush would sign, but I say it was Bush's job to make Congress do something about it.

    Perhaps the Democrats made the crisis just before the election?

    I don't know who was guilty over there, do you?

    Do you know that they "refused to make changes" or are you just wielding wild accusations an propaganda?

    I don't care about the crisis anyway, it was all only bankers out of work and they paid us back with interest, so if they ever needed a hand again, I would surely lend it to them.
    Exquisitor exquisitly exquisited an exquisit exquisitorial in the exquisitorium.

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