So your expectation is that Trump could dig out of massive amounts of previous debt in 3 years? Otherwise it isn't notable achievement to grow household median income?
Anybody arguing the great condition and economic growth under the Trump presidency is either unhinged with facts or blinded by partisan non-sense. All statistics show growth, reality shows better conditions and improving opportunity. It takes a real class act to degrade that growth and success, ignoring all reality, because you don't like the president.
In the early to mid 1980's I made ten dollars an hour as a bricklayer while the min wage was $3.75..Now you can earn $20. Both are residential rates.
No, I didn’t expect him to eliminate the debt in three years — he said it would take eight — but I didn’t expect him to ramp up the deficit to levels not seen since we were exiting a recession. Oh wait, yes I did, this is a bankrupt reality TV star that brags about being the King of Debt. Why is the debt and deficit suddenly so unimportant to the right? Where has the tea party retired to?
Well, Trump proposed to pay it off in 8 years. So far, he hasn't gotten started, actually quite the opposite. Did you think that claim was silly when he made it? Do you expect your politicians to lie to you when they campaign? https://markets.businessinsider.com...t-would-raise-national-debt-2019-7-1028385987
https://sentierresearch.com/pressre...e_Trends_Press_Release_July_2019_08_28_19.pdf For Immediate Release Household Income Trends: July 2019 Median Household Income at $65,084 With adjusted for October, we would be well above $66K.
I'm originally from IL, and have a huge number of relatives still up there with high SALT expenses. With a mix of dem/gop peeps in my family it was certainly a topic of discussion once a couple of beers were popped open. The only ones with a legit complaint are killing it, making big bucks and living in a big house with ridiculously high property taxes. (8K for a townhome, 12K for a large single family). The 12K statement blew me away because 12K is more than my mortgage payment which includes principal/interest/taxes/insurance. Those I know that have been impacted "to the tune of several thousand" are NOT middle class ,the best description is upper middle. Those that are firmly entrenched in the middle class noticed very little difference at all. Please correct me if i'm wrong since it was just a conversation over some illicit spotted cow, nobody brought out charts and graphs.
Great, care to show from these graphs how the trajectory is any different from Obama's? Because that's the point that the Heritage Foundation article made, namely that Obama suc$ed, and Trump is great.
And of course you had increased tariffs on Canada and Mexico. Trump has never seen a problem that can't be solved with a tariff. And that is bad for the middle class.
then how the hell could a 10K cap have cost you several thousand? For my example one couple is paying 12K just in property tax + making 180-200K between them as well, so they most definitely got hit big time since their salt expenses were over 20, pushing 25K. But others of more moderate means were paying total of 10-12K give or take a couple thousand, didn't notice a difference or it was negligible. FWIW those on the 10K side had little sympathy for the 25K relatives, they know they can afford to pay tax on an extra 15K in income, fair share and all that jazz.
You're so hell bent on bashing Trump that you're sharing supposed anecdotal talking points that don't even apply to you??? SMH.
However, that has not translated yet now has it? Median income since the tariff wars began continues to rise.
I did not mean to trigger you. Californians are burdened with heavy SALT. Capping deductions increases taxes. He also capped mortgage interest deductions over $750K (The average price of a fixer-upper in Los Angeles.) Since both parties spend like thieves with stolen credit cards, half of that I make goes to the government.
Does it continue to rise? The graph posted earlier in this thread looks like we've hit an inflection point. In any event, it hardly matters if we are going to continue down the protectionist path - we will see a sharp decline in the future. I'd bet on that.
