Federal deficit estimated at $984B, highest in seven years (wage, rating, party)

[PedroMartinez]

Originally Posted by AlongTheI-5

Spending hit record highs under Trump and a GOP led Congress.

And?

It needs to be cut regardless if either big spending Republicans or bigger spending Democrats are in control.

This is a citizen issue, not a party one.

[Goodnight]

Originally Posted by InformedConsent

No, it didn't. Meanwhile, HOW has it escaped your attention that corporations don't pay corporate taxes, the end user/consumer does. Taxes are included as overhead expenses in the pricing formula of goods/services. All companies have inevitable overhead expenses that include taxes, insurance, licensing fees, utilities, accounting and legal teams, administrative staff, facility upkeep, etc. Accounting 101.

Well if that was true we should have seen price declines since many had a reduction in their bottom line, I didn't see any significant cuts. That wasn't the point though, these corporate cuts were supposed to pay for themselves with increased production generating more revenue. That never quite happened and it increased the deficit.

[Goodnight]

Originally Posted by InformedConsent

Actually, under the Obama Admin, the income/wealth gap widened. With Trump at the helm, the biggest increases in income has been workers at the lower end of the income spectrum.

Workers at the lower end of the pay scale finally are getting the most benefit from rising wages - CNBC

The largest increases were for those at the bottom and top, the middle class was left behind as it has been for decades. Those increases at the low end were due to increases in employment but also minimum wage increases.


The largest beneficiaries were those at the top

[NeutralParty]

Never again can the Republican party claim fiscal conservatism and express concern for the national debt.


https://twitter.com/washingtonpost/s...91626980212739