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I wonder what our ST republicans think about this.
Forbes Federal Budget Expert Stan Collender ran the numbers on the GOP Tax Bill recently approved by the house, and it doesn’t look good. In his expert opinion, passing the plan would mean the end of all economic sanity in Washington.
Collender, who served on both the House and the Senate Budget Committees and published the Guide to the Federal Budget issued every year from 1982 – 2000, said that the passage of the GOP tax bill would “be the start of a decades-long economic policy disaster unlike any other that has occurred in American history.”http://verifiedpolitics.com/forbes-e...rtys-tax-plan/According to Collender, the GDP is growing, we’re beyond full employment, and stocks and corporate profits are way up. The private sector is doing just fine on its own and there’s no earthly reason for a government-induced stimulus right now.
Collender condemns the GOP for charging ahead with the plan without having any idea of the impacts it will have. Official estimates that put the resulting increase of the deficit at $1.5 trillion hide the truth: that it’ll be more like $2 trillion.
I wonder what our ST republicans think about this.
trickle down part II; and as i mentioned before, the private sectors current bliss is what the horse racing industry refers to as a "false favorite". a Minsky moment is bubbling.
Guess how the oligarchy will reduce the $1.5T+ budget deficits?
cutting SS, cutting Medicare, cutting Medicaid, totally ing the Repug heart of its base which depends public assistance.
their "hands will be tied", "we have no choice (but to screw you) and all of the above must be cut in order to enrich the oligarchy.
Freedom!
America is ed and un able.
Last edited by boutons_deux; 11-21-2017 at 04:20 PM.
This is a huge issue right now. Should be stickied.
Trump looting the country is like dog bites man.
Trash didn't write either the WH nor the Congressional versions, if Trash can even write any better than he can speak.
Several Repugs have said the tax cut are dictated by the oligarchy (BigDonor), who don't give a how the economy, govt, people will suffer. Their wealth insulates them from the the non-oligarchy reality.
bou, dunno about his writing but thousands of people waited hours in line to hear him speak.
Nickelback still draws too.
A Republican is in the White House; Democrats are allowed to "care" about deficits now.
Do you care about the deficit?
Yes or no.
Lmao 8 years all you Republicans did was complain about Obama's deficit spending. "Party of fiscal responsibility" etc
"Accuse the other side of that which you are guilty of"
Oops wrong thread
Last edited by Quadzilla99; 11-23-2017 at 05:17 AM.
I'm not a Republican, bro. I'm just noting your on/off switch when it comes to this issue (like just about any other issue).
he's not smart enough. He does know how to steal, defraud, but only to enrich himself.
The Repugs are smart enough, 1000s of high-paid lawyers, accountants, tax experts, as paid by the oligarchy, are looting, pillaging, fleecing raping the people and environment, rigging the economy and govt, packing the courts with judges.
Why is this the fallback of many obviously conservatives here?
Not a republican or hold any conservatives views but I will bag on the libbys because they're deranged. Also I will defend Trump and his ilk for fairness.
Why is this the fallback of many obviously conservatives here?
Not a republican or hold any conservatives views but I will bag on the libbys because they're deranged. Also I will defend Trump and his ilk for fairness."fallback"
Because many conservatives don't have a need to feel coddled by a party for security. It's why Hillary Clinton can do whatever she wants in the Democratic party; cos you idiots will be sucking on her sour milk giving regardless.
Democrats are the party of fiscal responsibility.
Why is this the fallback of many obviously conservatives here?
Not a republican or hold any conservatives views but I will bag on the libbys because they're deranged. Also I will defend Trump and his ilk for fairness.
Trump and Republicans want both credit for the current 2017 economy and to fundamentally change the economy.
They are going to change the economy, and it isn't going to be one that makes people happy.
Trump is over-playing our hand, and destroying the soft power that buoys US exports. We need to update some of the older trade agreements, but Trump is turning the rest of the world against the US, reducing the cost of standing up to us, as China and the EU are both happy to step in.
If Trump actually sparks a trade war with someone, we can expect some tangible damage to the economy.
I guess we will get to see.
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