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I'll be waiting for an answer, and waiting, and waiting...
Waiting is not the same as listening, and listening, and listening.
Growth of economy is the only way out of our current situation of "too much debt". In that respect it is no different from a family situation where they owe too much money, but then the breadwinner gets a big raise; problem solved.
The probability of tax reduction caused growth. That has been the driving force behind the growth of your 401K, the stock market, and the real estate market and therefore GDP. Markets don't sit back and wait until a bill is signed. They gauge the probability of success and move accordingly.
The proof? Wait. If the tax bill does not pass and does not become law, the market will plunge.
The wonderful economy under Clinton, even though temporary because the dotcom bubble burst, is an example of what a growing GDP does.
FWIW: If you want to give Obama continued credit for the growing GDP, that's fine. But if you are going to do so, perhaps you should tell us which of Obama's policies have resulted in growth.
I'll be listening, and listening, and listening.
Waiting is not the same as listening, and listening, and listening.
Growth of economy is the only way out of our current situation of "too much debt". In that respect it is no different from a family situation where they owe too much money, but then the breadwinner gets a big raise; problem solved.
The probability of tax reduction caused growth. That has been the driving force behind the growth of your 401K, the stock market, and the real estate market and therefore GDP. Markets don't sit back and wait until a bill is signed. They gauge the probability of success and move accordingly.
The proof? Wait. If the tax bill does not pass and does not become law, the market will plunge.
The wonderful economy under Clinton, even though temporary because the dotcom bubble burst, is an example of what a growing GDP does.
FWIW: If you want to give Obama continued credit for the growing GDP, that's fine. But if you are going to do so, perhaps you should tell us which of Obama's policies have resulted in growth.
I'll be listening, and listening, and listening.
Thread isn't about Obama
I asked a simple question and you guys can't seem to answer it
The only answer I got so far was Trump did nothing, and the government doing nothing helps the economy
He's also on pace to average more than 3% economic growth before tax reform/repatriation. Tax receipts are way up as well. Our fiscal house is in much better shape than it was a year ago. A lot of this has gone overlooked.
Fun facts kids! The debt to GDP ratio had been falling since WW2, from about 120 to about 30. Then from 1980 until 1995 the debt to GDP ratio climbed to about 65. From 1996 to 2001 it fell to about 54. Finally, from 2001 to 2016 it rose again, reaching about 106.
Each time it the ratio rose, it just so happened that significant tax cuts had been enacted, or in the case of 2008, the nation entered a near depression. The two times that it fell, significant tax raises had been enacted.
Now Donald Trump and the Republicans want to cut taxes again. Trump even claims that they'll be the biggest tax cuts ever (or something like that - maybe I should throw in the term 'bigly').
Trump has about as much to do with the drop in debt to GDP ratio as a rooster has in making the sun come up in the morning.
But with Trump and the Republican congress, it's worse - the rooster isn't trying to force the sun back down below the horizon.
I asked a simple question and you guys can't seem to answer it
The only answer I got so far was Trump did nothing, and the government doing nothing helps the economy
OK.
You didn't read, and read, and read. What do we have to do, spoon feed you?
Quote:
The probability of tax reduction caused growth. That has been the driving force behind the growth of your 401K, the stock market, and the real estate market and therefore GDP.
Fun facts kids! The debt to GDP ratio had been falling since WW2, from about 120 to about 30. Then from 1980 until 1995 the debt to GDP ratio climbed to about 65. From 1996 to 2001 it fell to about 54. Finally, from 2001 to 2016 it rose again, reaching about 106.
Each time it the ratio rose, it just so happened that significant tax cuts had been enacted, or in the case of 2008, the nation entered a near depression. The two times that it fell, significant tax raises had been enacted.
Now Donald Trump and the Republicans want to cut taxes again. Trump even claims that they'll be the biggest tax cuts ever (or something like that - maybe I should throw in the term 'bigly').
Trump has about as much to do with the drop in debt to GDP ratio as a rooster has in making the sun come up in the morning.
But with Trump and the Republican congress, it's worse - the rooster isn't trying to force the sun back down below the horizon.
Much of what you explained takes place because the only way to cut the deficits is to expand the tax base. Democrats dont want to do that. Everytime its proposed it "taxing the poor", or "tax cuts to the rich"..
The rich dont have enough wealth, let alone income, to get this nation on track to reducing the debt to GDP, and if raising taxes was the solution, lets just tax everyone at 99% and be damned with the deficits.. they will disappear overnight.. right?
He's also on pace to average more than 3% economic growth before tax reform/repatriation. Tax receipts are way up as well. Our fiscal house is in much better shape than it was a year ago. A lot of this has gone overlooked.
.........Finally, from 2001 to 2016 it rose again, reaching about 106..........
Each time it the ratio rose, it just so happened that significant tax cuts had been enacted.........
Fail. The debt ratio did not really start to get out of shape until 2008. In 2008 is was 67%.
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You didn't read, and read, and read. What do we have to do, spoon feed you?
