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I doubt that Trump will be able to push through tax cuts for the rich.
Democrats aren't going to vote for it and how can the Freedom to starve Caucus face their constituencies after voting to run up the national debt?
Plus, they'll take a pounding in the press and given that more people are paying attention these days, that can't be good.
Trump can't even get Republicans to repeal Obamacare and they've been obsessed with that for years. Many campaigned on the promise of repeal.
Tax cuts for the rich that will run up the national debt will likely be a tougher sale.
Disagree but hope you are correct. The true uber almost always win. That is not to say that for example they shouldnt cut the top corp rate tho i would say to 20% with corresponding subsidy cuts.
They will likely drop the capital gains down again, making no distinction between those who create, the true venture capitalists and those who destroy and consume for their own gain; Bain and Lampert for example.
The timing is suspect. The Manilla Towers are being heavily marketed at a time when the President meets with the Philipine leader....yeah -- suspect..
Oh and then there is this.....a White House Employee's image being used to sell the condos. Can't put in the picture because I've used it in another thread.
We should pay our bills. The fiscal sanity needs to be before we incur those bills.
A balance budget will not work. You do not raise taxes during a recession or drop spending. Keynes was not completely wrong.
What you should have is a balanced budget or even a slight surplus in the good times and deficits in the bad times. Does anyone remember Joseph and the seven good harvests followed by seven years of famine if not for the grain bins.
We cannot have 700 billion dollar deficits during good times.
Do you think it would be better for the middle class if the government shut down and people couldn't go to national parks, get a passport or go to court?
How are you personally harmed by government debt? The U.S. government has the ability to raise nearly unlimited funds at near zero cost. That's the beauty of having our own currency that we control.
You know what would impact you more? If we decided that we need to cut $600 billion in spending to balance the budget. That would cause a depression.
more than half the debt is held by americans , and the cost of the debt is super cheap. china holds less than i has in many years.
plus we had little choice it was debt or the great recession.
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