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It's not called a deficit stimulus package. It's simply a tax cut combined with regulatory reforms to make it easier to start and grow a business.
It's certainly working, if that's the goal. Business confidence is through the roof, employment is the highest it's ever been, economic activity is white hot.
The main thing holding back the economy right now is a lack of qualified people. Manufacturers all over the heartland report that around 50% of job applicants can't pass a drug test. That means, they're too stupid to go clean for 90 days before applying for a job. It's pathetic, and alarming, that our work force is this decrepit. Also, the birth rate is crashing. In my opinion, the only solution is to let in more immigrants, of the legal variety.
Now regarding the deficit -- yes, it's going to be high. An embarrassment to Trump, after criticizing Obama's massive deficits. He didn't want to sign the budget deal, but had to, in order to get his tax cuts and military increases passed. That's the way things work in D.C., and he's gradually learning the ropes. Next time, he may opt to veto any new spending until they agree to cut budgets.
The last few quarters, though, there have been record tax receipts despite the tax cuts. So that's probably a sign that we can balance the budget. He's been focused on other issues, but in the long run... he has to cut spending.
I suspect that the Trump Administration will end up much like the Reagan Administration -- incurred some massive deficits up front, but laid the groundwork for future prosperity. Reagan created the conditions for the 90s prosperity, and Trump is creating the groundwork for massive economic growth in the 2020s and beyond.
Lots of qualified American workers. They just refuse to work for the peanuts these billion dollar corporations want to pay them! So yes, higher more immigrants who will work for the peanuts, that’s your solution? That’s part of the problem!
Lots of qualified American workers. They just refuse to work for the peanuts these billion dollar corporations want to pay them! So yes, higher more immigrants who will work for the peanuts, that’s your solution? That’s part of the problem!
I'm talking about small and medium sized companies in smaller cities and towns in the heartland. They're unable to find qualified candidates.
I'm talking about small and medium sized companies in smaller cities and towns in the heartland. They're unable to find qualified candidates.
Your observations regarding the lack of job candidates who fail a drug test simply calls attention to the fact that many US companies are behind the times, drug testing is most likely going away for the fact that much of the drugs people use today are legal, and therefore not a reflection of anything more than a testimony of the length of time some substances remain in the bloodstream. Someone smokes a joint at night in their home, are they still impaired the next day? This Reagan era notion of drug usage is certainly archaic, but also very economically damaging to business.
I think our stimulus package would have been better served with only cutting taxes for corporations and shoring up entitlements with an aging population. Would have to really sell the corporate tax cuts as a means to be globally competitive as that's a hard political sell.
Your observations regarding the lack of job candidates who fail a drug test simply calls attention to the fact that many US companies are behind the times, drug testing is most likely going away for the fact that much of the drugs people use today are legal, and therefore not a reflection of anything more than a testimony of the length of time some substances remain in the bloodstream. Someone smokes a joint at night in their home, are they still impaired the next day? This Reagan era notion of drug usage is certainly archaic, but also very economically damaging to business.
You're probably right, but it's not as simple as "they're behind the times".
Insurance companies may not cover a factory where people operating heavy machinery can't pass a substance test. What company can afford to not have insurance? And would you really want a pothead operating a crane or forklift?
Also, there are rules for companies dealing with the federal government, dealing with the military, and with the schools. A product has a dangerous flaw? They're going to send the FBI into your plant and look for the drunks or druggies, and then your business is kaput.
I'm talking about small and medium sized companies in smaller cities and towns in the heartland. They're unable to find qualified candidates.
Yeah, but that's because anybody with any talent moved to somewhere with better economic opportunity. It's not like the United States doesn't have several centuries of history where that happened. Skilled labor is mobile. It's only poor people who are anchored in place.
That's pretty much the question. Do you think the bill will come due, or will we skate on an expanded economy?
Taxes just went in the wrong direction. The Social Security program just turned cash flow negative. Taxes have to go up to keep that program tax flow neutral forever. You don't run huge deficits and borrow huge piles of money in good times. You run modest surpluses. Juicing the economy at this point in the cycle is going to create a very large thud when the cycle corrects. The whole point of fiscal and monetary policy is to dampen an inherently unstable economic cycle. Today's policy makes things less stable, not more stable. There's no headroom to use conventional fiscal and monetary policy when the correction happens. Interest rates are still very low. We risk doing a Greece if we crank up deficit spending any higher. Even with all the juicing, the economy isn't even growing at 4%.
If we actually have a trade war with China, it gets really ugly very quickly. The US will cave in long before China but that's likely after the trigger point for the correction happens.
Your observations regarding the lack of job candidates who fail a drug test simply calls attention to the fact that many US companies are behind the times, drug testing is most likely going away for the fact that much of the drugs people use today are legal, and therefore not a reflection of anything more than a testimony of the length of time some substances remain in the bloodstream. Someone smokes a joint at night in their home, are they still impaired the next day? This Reagan era notion of drug usage is certainly archaic, but also very economically damaging to business.
cocaine ,heroine and especially meth use has become insane in many areas so drug testing is still used big time here in ny . the number of failures are way to high .
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Originally Posted by mathjak107
cocaine ,heroine and especially meth use has become insane in many areas so drug testing is still used big time here in ny . the number of failures are way to high .
As a CDL (Commercial Drivers License holder) I am required to be in a random drug test pool. 1 - 10+x / yr @ $100/ test) They send you a notice and you have 24 hrs to show up at a lab and get tested.
If you are an employer with hired drivers / hazardous equipment, your Liability and Worker Comp REQUIRE drug testing. (Good idea!)
I don't see these tests getting reduced or deleted.
I was In a grocery store in Colorado last month (Legal weed State). Shelves for sale items were empty - no truck drivers available (couldn't pass drug test).
Get prepared... this kinda stuff will happen. One reason I hold my CDL is to help friends who own trucking companies, go rescue their rigs when the DOT pulls their drivers OUT-OF-SERVICE (drug test). Been doing this for 40+ yrs on weekends / nights... getting more frequent since MJ state laws have 'relaxed' and drivers are more 'spaced-out'. Actually pretty serious if you are an employer with contracts to fulfill.
the company i worked for is always hiring on all levels in multiple states . the labor pool left is awful . most cannot pass drug testing or background checks . that is before their work skills , ability to speak english and work ethics are considered .
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