10-03-2018, 12:35 PM | #61 |
Living Legend
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Re: Winning
When Bush was president, anything positive was due to Clinton's policies and anything bad was Bush's fault. When Obama was president, anything positive was due to his policies, and everything bad was Bush's fault. Now that Trump is president, anything positive is due to Obama's policies, and anything bad is Trump's fault. Its unbelievable but actually quite impressive how a huge section of the democratic machine and its voters think like this.
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10-03-2018, 12:59 PM | #62 | |
Living Legend
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Re: Winning
Quote:
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10-03-2018, 01:08 PM | #63 | |
Warpath Hall of Fame
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Re: Winning
Quote:
Dow rallies 150 points to record after strong jobs data More bad news!!!! G1, I know you hate it! |
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10-03-2018, 01:10 PM | #64 | |
A Dude
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Re: Winning
Quote:
Agree that the higher GDP growth is driving higher tax base. Unfortunately though the part of the GDP that has grown has been heavier on the corporate side of the ledger, which has led in part to corporations performing stock buybacks, which increases stock prices and those capital gains get taxed. But not at a rate as high as you'd get by taxing wages / regular income. We're seeing wages finally rising some, but not at the same rate as corporate earnings and stock prices. Trump's position on China of course is leading to tariffs, which of course pads the federal coffers. I'd be interested to see how much of an impact that's having on our deficit. In other words, without it how big would our deficit be? So that part of his approach has to be thrown in the mix. Overall I'm not a fan of protectionist practices but a source of tax revenue is a source of tax revenue. Overall my concern is our economy feels really strong right now but that strength isn't sustainable. When interest rates eventually rise the impact on our federal budget will be large. Tough choices about our fiscal spending loom and people will eventually feel a lot of pain, it's just a matter of which Americans will bear the burden, and when.
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10-03-2018, 01:12 PM | #65 | |
A Dude
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Re: Winning
Quote:
Eventually though the piper will need to be paid, which might not happen while he's in office, so he won't get blamed. But rest assured his borrowing is setting us up for pain, eventually.
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10-03-2018, 01:15 PM | #66 | |
Gamebreaker
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Re: Winning
Quote:
https://www.cnbc.com/video/2018/02/0...ly-matter.html I prefer the S+P 500
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10-03-2018, 01:22 PM | #67 |
Living Legend
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Re: Winning
How the government should work: individuals and corporations are taxed at a fair/competitve rate and spending bends to what reasonable and fair tax money is available.
How it actually works: government spends trillions more than we have, tells us all that we need to pay more, creates class warfare among americans, has an uncompetitive corporate tax rate, and the politicians get rich off of lobbyist money, bribes, pork, etc. Talk about a crime family. Legalized mob.
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10-03-2018, 01:24 PM | #68 | |
Gamebreaker
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Re: Winning
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Pay attention chico............ https://www.yahoo.com/finance/video/...130000919.html
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10-03-2018, 01:28 PM | #69 | |
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Re: Winning
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This shouldn't be a democrat/republican divide, but instead a baseline look at ALL the spending - defense, social security and government aid programs(domestic). The time for bandaids, like foreign aid reductions, and eliminating fraud/waste, etc, is long past. Not that we don't need to look at those areas too, but they don't make up enough of the budget to have any meaningful effect on the course of the debt issue. |
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10-03-2018, 01:38 PM | #70 | |
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Re: Winning
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There needs to be across the board/equal spending cuts, but even that won't work because above would still happen. This country needs a serious maturity upgrade all around.
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10-03-2018, 01:45 PM | #71 | |
A Dude
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Re: Winning
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10-03-2018, 02:26 PM | #72 | |
Gamebreaker
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Re: Winning
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10-03-2018, 02:41 PM | #73 |
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Re: Winning
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10-03-2018, 08:45 PM | #74 |
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Re: Winning
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10-03-2018, 08:47 PM | #75 | |
From a Land Down Under
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Re: Winning
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I can’t even....so I wont. If you don’t see the hypocrisy by now you never will. Going back to the football threads. I feel like i have to shower again because i came in here,.... |
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