WINNING!! Third Quarter GDP at 3.5% – President Trump Continues to Reduce US Debt to GDP –

Discussion in 'Budget & Taxes' started by US Conservative, Oct 26, 2018.

  1. struth

    struth Well-Known Member

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    all they ever want to do is raise taxes.
     
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  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    You were saying so what that's only income taxes. What is our biggest source of tax revenue. Since obviously you don't know allow me
    "The individual income tax has been the largest single source of federal revenue since 1950, amounting to 47.3 percent of the total"
    https://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-federal-government

    That is why record income tax collections, at the lower rates, is significant.
     
    Last edited: Nov 3, 2018
  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    Inflation is barely above the FED target and expected to fall as I already noted. Wages are NOT stagnant so stop with the canard. Biggest jump in a decade and the rate expected to increase.


    And many think it is overstated. Yes many things are not factored in properly.

    You are simply desperate to create something negative about one of the best economies in decades.
     
  4. mngam

    mngam Well-Known Member Past Donor

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  5. notme

    notme Well-Known Member

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    It only adds to half, while the US debt is skyrocketting.

    The only thing that is significant is the national debt by giving away stuff for free.
     
  6. mdrobster

    mdrobster Well-Known Member

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    That is correct, Tuesday will be the sign!!!!
     
  7. Zorro

    Zorro Well-Known Member

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    Yes, nearly a decade ago. 25,000,000 Americans were either not born or hadn't received citizenship, or nearly the population of Texas.

    I'm not comparing Obama's debt creation in 2009 with Trump, rather the period at the end of his second term.
     
  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yes that source alone IS HALF and you claim insignificant and if you want to lower the deficits and debt what better way to do it than putting everyone back to work making more money generating more tax revenues?
    So you ARE supporting more conservative Republicans in order to get spending under control right?
     
  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    BTW

    The Growth Dividend for Workers
    The October jobs report shows the shared gains of a stronger economy.

    Don’t think tax reform and deregulation matter for working people? Consider the evidence from Friday’s gangbuster jobs report for October that showed the tangible dividend for workers from faster economic growth resulting from better economic policy: More jobs to choose from and higher pay to boot.

    That’s the essence of the news that the marvelous machine called the American economy created 250,000 new jobs last month, including 246,000 in private industry. Average hourly wages rose again and are now 3.1% above a year ago, the fastest increase in a decade. (See the nearby chart.) This is the growth dividend that Republicans promised if the dead weight of Barack Obama’s policies could be lifted from the backs of American business and workforce...
    https://www.wsj.com/articles/the-growth-dividend-for-workers-1541201213

    Instead of desperately trying to find something negative

     
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  10. notme

    notme Well-Known Member

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  11. notme

    notme Well-Known Member

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    The economy went fine in 2017, when Trump was too busy with golf to come up with his own economic plan.
     
  12. Zorro

    Zorro Well-Known Member

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    His 2017 at 2.7% handily beat Obama's final full 2016 quarter average of 2%.

    His 2018 average is even better at 3.3% so the Big Orange Rocket is still accelerating.

    All in all, he's at 3% over his Presidency, easily thumping Obama's dismal 1.48% over his final full six quarters.

    This amazing economic growth is having an impact.

    2018 looks like a different midterm to me

    The experts are missing the fact that 2018 is different.
     
    Last edited: Nov 3, 2018
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  13. notme

    notme Well-Known Member

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    2017 was still all according to the plans of Obama, because Trump did not have any.

    So is the lack of revenue.
     
  14. Bluesguy

    Bluesguy Well-Known Member Donor

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  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    2017 was two years AFTER the Republicans lame ducked him. You REALLY think just asked Obama what were his plans so the could institute them? Really???
     
  16. Zorro

    Zorro Well-Known Member

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    Weird how all Obama's plans suddenly started working once Trump was elected!
     
  17. US Conservative

    US Conservative Well-Known Member Past Donor

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    Very weird.
     
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  18. notme

    notme Well-Known Member

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    Can you give me the % of the US military spending incl veterans compared to the total budget?
     
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  19. notme

    notme Well-Known Member

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    Lame duck got his Obamacare. And 2017 was the year without Trumps way of slashing taxes. So yeah. I will view 2017 as a success under Obama and not under Trump. Credit is due to those who did that. Trump was playing golf.
     
    Last edited: Nov 3, 2018
  20. notme

    notme Well-Known Member

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    If you claim that, than you go source me Trumps economic plan of 2017? lol
     
    Last edited: Nov 3, 2018
  21. Bluesguy

    Bluesguy Well-Known Member Donor

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    I charge $60 for research you can do yourself.
     
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    Oh geez, 6 years earlier.

    What does "under Obama" means that gives him credit, what did he do?
     
  23. ronv

    ronv Well-Known Member

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    He does this all the time. I think he learned it from Spanky.
    He will cherry pick a date to measure from that makes the numbers look good when in fact they are kind of ho hum.
    But your correct, real wage growth under Trump is about the same - about 1% over his time in office.
    upload_2018-11-3_16-49-19.png
     
  24. ronv

    ronv Well-Known Member

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    The GDP will take a hit no matter who is running things. Trump borrowed $150 billion and dumped it into the economy and GDP goes up. Imagine my surprise! Problem is it only works once because it is an artificial stimulus.
     
  25. Zorro

    Zorro Well-Known Member

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    Put Americans First! Show me where you predicted that Trump would more than double Obama's GDP growth in just his first six full quarters.
     

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