patrick.net

Debt can be disappeared by the Fed. We are in an economic war with China, and so we will match bad behavior with bad behavior. Malinvestment is the price to pay in our capitalistic system to enable legitimate business investment. Of course there is inflation, but as long as the basics are within the grasp of the unwashed masses, no revolution.

marcus says

It's kind of perverse if you think about it, but republican hatred for Hillary might have actually been what the government needed to keep corruption down.

Instead what we have is a swampfest free for all, with plenty of corruption scandals and assinine behavior in the Executive branch to distract us.

We already had that, tried it for 8 years of massive massive deficits and incredible spending. Sure we had Republicans occasionally getting interested in budgeting and decreasing the deficit, but mostly they just signed on to the YUUUGE budgets because The Economy!
And they hated Obama every bit as much as they hated Hillary.
So yah, that’s been tried and it didn’t work.
The solution to this problem is still to be found.

marcus says

becasue the repulbican

She from the star wars bar.

just_dregalicious says

Might be dreaming but I suspect Twump might do that in a 2nd term. Along with new tax cuts. No way he could do that in the 1st and get re-elected.

How does one get Congress to agree to this?
Seriously they are like the proverbial drunken sailor.

Booger says

This deficit issue is easily fixed by increasing tarrifs and reducing welfare benefits

I assume you're talking about the welfare received by farmers, defense contractors, and oil companies.

Booger says

How does one get Congress to agree to this?

Good point.

Times Square New Year's is the Great Frotteurism Expo, attracting Biden pervs from all over the nation. No escape from "The Rub 'N Run".

finehoe says

I assume you're talking about the welfare received by farmers, defense contractors, and oil companies.

Obama phones, Food Stamps, Section 8 housing, welfare payments to individuals, earned income tax credit.

Booger says

finehoe says

I assume you're talking about the welfare received by farmers, defense contractors, and oil companies.

Obama phones, Food Stamps, Section 8 housing, welfare payments to individuals, earned income tax credit.

The amount of money spent on your list pales in comparison to the amount spent on the things in my list.

I see you are on-board with the latest Dem play - trying to gaslight everyone into thinking this is a bad economy.

If you are arguing that the world is going to hell in a handbasket, agreed; it always has been and always will be.

finehoe says

Booger says

This deficit issue is easily fixed by increasing tarrifs and reducing welfare benefits

I assume you're talking about the welfare received by farmers, defense contractors, and oil companies.

Yep them too.

finehoe says

The amount of money spent on your list pales in comparison to the amount spent on the things in my list.

I doubt it. I suspect that they are about the same.

Easy enough to check:

With all the global fires' smoke & particulates will we see a cooling effect?

Insufficient mass. Would need a Krakatoa type event for that, as even Mt St Hellen's did not even do that. You'll need to find another 'scuse for when the warming does not happen.

Resentment has all the best attributes of jealousy, inferiority, wanton violent intentions, self centeredness, anarchy, delusion and greed.

What's not to like?

NoCoupForYou says

Here's the chart 80% of American voters care about.

Some significant percentage (even Trump) knows that graph mostly indicates how long it's been since we had a recession. It has been a long one, but arguably not worth the $ 1trillion per year of new deficit spending. Recessions happen, which is why I seriously doubt Trump wants to be President for another term.

This is a surprising graph.




Probably not quite as bad as it looks becasue those boomers dropping out of the labor force have money and SS to spend in the economy.

Still very telling about the lies Trumplodites like to promote.

thomasdong1776 says

Two Years of Trump Tax Cuts: What did they get us?

:

:
Manufacturing




There was a period there in 2017 when the upward slope on this graph was the best it had been in many years, which the right wing media tried to spin as something very different than it was (downplaying certain words). There were even some otherwise smart folks on this forum that fell for it. We're only about halfway back (from recession lows, to 2006 levels).

thomasdong1776 says

Two Years of Trump Tax Cuts: What did they get us?

Merry Christmas, and a Happy New Year Marcus:

https://www.adpemploymentreport.com/

Every indicator, including the rise in real wages for the least skilled workers, high consumer confidence, etc. illustrates that we are in a Boom for Workers.

So it mostly boils down to taxes and spending. I have one grand plan to fix both: A voter's vote is weighted by the amount of tax the paid in the preceding years. If you didn't pay net positive taxes then you don't get to vote at all. I think this would drastically bring down spending and taxes. People receiving government welfare would basically not be allowed to vote. People paying the highest taxes would also be the most likely ones to vote for massive tax cuts. Sounds like a win-win to me! The current situation of one vote for each moron means that people vote themselves benefits and vote to tax other people for those benefits.

:
@Patrick: The delete button is not working for me, so I replaced this duplicate post with this message.
:

:

Happy New Year to you too, "NoCoup"


So you're just going to ignore my point which I know you understand and repeat the misleading stuff ?


marcus says

Some significant percentage (even Trump) knows that graph mostly indicates how long it's been since we had a recession. It has been a long one, but arguably not worth the $ 1trillion per year of new deficit spending. Recessions happen, which is why I seriously doubt Trump wants to be President for another term.

This is a surprising graph.

SunnyvaleCA says

Sounds like a win-win to me!

The right wing work around on this would be to push the percentage of taxes that go to SS and medicare (general health care eventually but that's another conversation) higher.

That way, someone making 60K would be paying no federal income taxes (technically), so no vote under your system, and yet as it works now, those big payroll taxes they pay go into the general fund and help make it possible for those big tax payers to somehow justify more tax cuts. This would lead to the same kind of bankruptcy we are rushing towards now.

But, if you were to use Gore's so called "lock box" for all taxes targeted towards social security and health care, i.e. accounting for those revenues separately, then I think your idea would make WAY WAY too much sense. That is unless they were allowed to raid the retirement and health care funds when the idiots drove the govt to bankruptcy.

Under our current way of accounting for SS and medicare, GWB was able to do huge tax cuts based on SS surpluses we were running at the time. "It's your money" What a crock of shit. They are such scumbags.

thomasdong1776 says

Yes, you can whine about Gearge Soros till your head caves in, but it's so obvious who the biggest scumbag destroyers of America are.

Did Gearge Soros make GWB or Trump do those tax cuts ? I don't think so.

:

:
thomasdong1776 says

thomasdong1776 says

One day all that wealth at the top is either going to be confiscated by an evil communist regime, or it will disappear into the popping of various bubbles, and the gullible, ignorant and selfish right wingers of today will be to blame for it, for not making the necessary tweaks to capitalism that allow it to work.

Note: Theres' a very good reason why I say "right winger" rather than "conservative."

:

marcus says

So you're just going to ignore my point which I know you understand and repeat the misleading stuff ?

Marcus, you're going to ignore the undisputed FACT that we have the lowest unemployment in 50 years. That we are reaching new stock market highs across the board, while inflation is low. That stores are projecting their highest Holiday revenue in history. Tens of thousands of manufacturing jobs have returned, and we're negotiating far better deals than were done under Neolib/cons who only cared how much lobbyist and speaker and book money they would get from the other Party after they concluded.

The sudden fascination with debt spending is a new one, unseen from Democrats 2008-2016.

The reason nobody buys the alleged Left Wing concern over deficit spending is that ALL of the major Dem Candidates have plans to spent trillions upon trillions in Medicare-for-All, or almost-Medicare-for-all, medicare for illegal immigrants, social security for illegal immigrants, etc.

Al Gore and GWB were 20 years ago.

OccasionalCortex says

Yeah, so? It's called 'eminent domain'. Look it up.

That is actually a yuuge issue in TX - landowners on border with Mexico resent this. Remind you that TX landowners sunk Trans American highway...government taking private land is not popular around here.

marcus says

Did Gearge Soros make GWB or Trump do those tax cuts ? I don't think so.

Looks like federal tax "revenue" is nothing but up after the Trump tax cuts, so I don't see the problem.

FY 2020 - $3.64 trillion, budgeted.
FY 2019 - $3.44 trillion, estimated.
FY 2018 - $3.33 trillion.
FY 2017 - $3.32 trillion.
FY 2016 - $3.27 trillion.
FY 2015 - $3.25 trillion.
FY 2014 - $3.02 trillion.
FY 2013 - $2.77 trillion.
FY 2012 - $2.45 trillion.
FY 2011 - $2.30 trillion.
FY 2010 - $2.16 trillion.
FY 2009 - $2.10 trillion.
FY 2008 - $2.52 trillion.
FY 2007 - $2.57 trillion.
FY 2006 - $2.4 trillion.
FY 2005 - $2.15 trillion.
FY 2004 - $1.88 trillion.
FY 2003 - $1.72 trillion.
FY 2002 - $1.85 trillion.
FY 2001 - $1.99 trillion.
https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762

First REAL AMERICAN president that we have had since Regan....you go SIR! Please...we need you badly...sooooomuch evil in the world growing from weak politicians.

Yup.

He's a boss who makes the right calls and moves. He's willing to do controversial things that need to be done, which typically don't get done.

He shats all over the oppressive PC movement. He trolls crazy leftists because that's what a boss does to insignificant knats.

His stance and tactics against China are far more important than things other presidents have done in recent years. The potential impact to our country's long term welfare is large.

And he keeps giving us dead terrorist leader treats. Seeing all those citizens in both Iran and Irag cheering and celebrating the latest dead terrorist was a nice touch.

NoCoupForYou says

Marcus, you're going to ignore the undisputed FACT that we have the lowest unemployment in 50 year

No, I've repeatedly told you what it means, and even have posted Trump saying the same thing. It's not a bad thing, but it doesn't mean what you want it to mean. Yes, less people are elligible for unemployment benefits than any time in the last 50 years.

But you have nothing whatsoever to say about this (below) ?


marcus says

After you

marcus says

But you have nothing whatsoever to say about this (below) ?

Maybe more wives are staying home because their husbands are kicking ass at work. You cant discern a narrative from 1 chart. This goes double if you start w a narrative, then go look for ambiguous stats to prove it.

So... how about you tell us what you think this means?