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Old 06-03-2019, 04:28 AM
 
8,302 posts, read 5,660,448 times
Reputation: 7542

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No one needed an analysis to tell them this.
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Old 06-03-2019, 04:37 AM
 
Location: The 719
17,940 posts, read 27,373,653 times
Reputation: 17242
Quote:
Originally Posted by fibonacci View Post
Gee who could have predicted this:

https://www.latimes.com/business/hil...YIXIVd89hRgi5U

All it did is blow up the deficit. And guess what brilliant Trump has done? He's started multiple trade wars that are likely going to cause a recession in 2020 or 2021. This next recession could be long and protracted. Trump's brilliance was to give a huge tax cut when it wasn't needed, had 0 effect and blew up the deficit. Now that card can't be used when it is is really needed for the looming recession.

Do I have to spell it out for you again?

My tax returns don't lie.

I have all the stats lined up side by side since 2014.

Every year since 2014, my wife and I each have increased income, especially in the last two. Each year, we get some money back due to our preference to go zero exemptions, despite this being maybe not the best financial investment for us. Until the last couple of years, the amount we pay into taxes has gone up, except the last couple of years, the money has come down by at least a couple of thousand of dollars. Yet, the last couple of years, our refunds have held steady and then actually gone back up, despite us paying thousands less to the government, and despite making thousands of dollars more per year.

The chedda in my pocket don't lie to You!

Your lies and spins don't take no chedda from my pockets!

Do you understand the words coming out of my mouth and the numbers coming out of my wallet?

Oh, and you want to talk deficit? Where wuz yer deficit talk from 2009 to 2017?
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Old 06-03-2019, 04:44 AM
 
12,268 posts, read 6,440,885 times
Reputation: 9418
Quote:
Originally Posted by McGowdog View Post
Do I have to spell it out for you again?

My tax returns don't lie.

I have all the stats lined up side by side since 2014.

Every year since 2014, my wife and I each have increased income, especially in the last two. Each year, we get some money back due to our preference to go zero exemptions, despite this being maybe not the best financial investment for us. Until the last couple of years, the amount we pay into taxes has gone up, except the last couple of years, the money has come down by at least a couple of thousand of dollars. Yet, the last couple of years, our refunds have held steady and then actually gone back up, despite us paying thousands less to the government, and despite making thousands of dollars more per year.

The chedda in my pocket don't lie to You!

Your lies and spins don't take no chedda from my pockets!

Do you understand the words coming out of my mouth and the numbers coming out of my wallet?

Oh, and you want to talk deficit? Where wuz yer deficit talk from 2009 to 2017?
Pulling the country out of the second biggest financial disaster we`ve ever experienced was not the time to talk deficit. We were losing 745,000 jobs a month and the DOW was 8,000. Priorities!
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Old 06-03-2019, 05:31 AM
 
Location: Texas
37,937 posts, read 17,805,641 times
Reputation: 10366
Quote:
Originally Posted by gmagoo View Post
Pulling the country out of the second biggest financial disaster we`ve ever experienced was not the time to talk deficit. We were losing 745,000 jobs a month and the DOW was 8,000. Priorities!
Talk deficit? Talk? Cutting taxes and spending was the way to go. In the early 1920s we had a depression. Taxes and spending were cut by 40% over 2 years time and UE went from 12 to under 3.
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Old 06-03-2019, 05:46 AM
 
Location: Long Island
57,057 posts, read 26,024,198 times
Reputation: 15524
Quote:
Originally Posted by Loveshiscountry View Post
It's about spending. lol As if you care much about military spending and nation building. You voted for that war monger Obama who escalated over Bush.
Its both spending and revenue but mostly a reduction in taxes going back to 2000, we had a balanced budget until there were multiple tax cuts under Bush that stayed with us for the last 19 years. Some have tries to increase taxes over the years but its met with the usual resistance. We should not be increasing spending unless we increase the tax rate, instead we came up with yet another tax cut in 2017, senseless.
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Old 06-03-2019, 05:47 AM
 
Location: Long Island
57,057 posts, read 26,024,198 times
Reputation: 15524
Quote:
Originally Posted by gmagoo View Post
Pulling the country out of the second biggest financial disaster we`ve ever experienced was not the time to talk deficit. We were losing 745,000 jobs a month and the DOW was 8,000. Priorities!
Correct, 2017 was the time to cut spending not tax cuts to increase the deficit.
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Old 06-03-2019, 05:59 AM
 
Location: City Data Land
17,156 posts, read 12,912,897 times
Reputation: 33164
Quote:
Originally Posted by Goodnight View Post
Correct, 2017 was the time to cut spending not tax cuts to increase the deficit.
Exactly. Tax cuts should be used when the economy is poor to stimulate spending. 2017 was the wrong time to enact one.
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Old 06-03-2019, 06:03 AM
 
34,620 posts, read 21,540,819 times
Reputation: 22232
Deficits are caused by overspending.

Cut spending and taxes.
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Old 06-03-2019, 06:05 AM
 
20,955 posts, read 8,629,930 times
Reputation: 14050
Actually, this was the intended effect. Trump and his swamp creatures had to figure out a way to give trillions to the right people without pissing off the rest....and, to some extent they succeeded.

Trump supporters believe that billionaires deserve money taken from our debt and deficit...handed over to them. It's up to future generations to work harder to pay off that debt and deficit.
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Old 06-03-2019, 06:07 AM
 
20,955 posts, read 8,629,930 times
Reputation: 14050
Quote:
Originally Posted by McGowdog View Post
Do I have to spell it out for you again?

My tax returns don't lie.

I have all the stats lined up side by side since 2014.

Every year since 2014, my wife and I each have increased income, especially in the last two. Each year, we get some money back due to our preference to go zero exemptions, despite this being maybe not the best financial investment for us. Until the last couple of years, the amount we pay into taxes has gone up, except the last couple of years, the money has come down by at least a couple of thousand of dollars. Yet, the last couple of years, our refunds have held steady and then actually gone back up, despite us paying thousands less to the government, and despite making thousands of dollars more per year.

The chedda in my pocket don't lie to You!

Your lies and spins don't take no chedda from my pockets!
Lots of "me, my, our, mines" in there.

Woe be it to me to explain to you how taking money from your children and grandchildren for "chedda now!" in "mine pockets" may not be a great idea.

But maybe someday you will read something that hits homes.
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