It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves

Discussion in 'Budget & Taxes' started by MolonLabe2009, Apr 11, 2018.

  1. JakeStarkey

    JakeStarkey Well-Known Member

    Joined:
    Sep 4, 2016
    Messages:
    25,747
    Likes Received:
    9,526
    Trophy Points:
    113
    Let's call a spade a spade, and identify your nonsense about 'fraud' as your fraudulent statement, hmmm? Absolutely no need existed for an $80 billion increase in the DOD budget line, but the GOP held out for it in order to get the Dems to vote for it because the GOP gave the Dems the safety net money.

    Don't like it? Take it up with the GOP, but they won't be in charge next January.
     
    grapeape likes this.
  2. ronv

    ronv Well-Known Member

    Joined:
    Feb 5, 2018
    Messages:
    20,312
    Likes Received:
    8,774
    Trophy Points:
    113
    Gender:
    Male
    An Old Guy and JakeStarkey like this.
  3. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    Obama in fact took over the 09 budget prior to him taking office. Bush and he made a deal.

    You can't keep giving Obama credit when you discredit he had a budget.
     
  4. MolonLabe2009

    MolonLabe2009 Banned

    Joined:
    Dec 10, 2009
    Messages:
    33,092
    Likes Received:
    15,284
    Trophy Points:
    113
    The Democrats controlled congress all of 2007 and 2008.
     
  5. JakeStarkey

    JakeStarkey Well-Known Member

    Joined:
    Sep 4, 2016
    Messages:
    25,747
    Likes Received:
    9,526
    Trophy Points:
    113
    The GOP did not pass any legislation that Obama could have vetoed.

    Why is that?
     
  6. JakeStarkey

    JakeStarkey Well-Known Member

    Joined:
    Sep 4, 2016
    Messages:
    25,747
    Likes Received:
    9,526
    Trophy Points:
    113
  7. grapeape

    grapeape Well-Known Member Past Donor

    Joined:
    Jul 26, 2015
    Messages:
    16,815
    Likes Received:
    9,331
    Trophy Points:
    113
    You have been shown that it was “creative accounting” at best. The way they accounted for the AMT, and how they used supplemental spending bills. But you know this already and were not goin to rehash how wrong you are.



    Dear lord man. Do you have any original thoughts ?

    Democrats didn’t brag about increasing spending, the bragged about how they were changing the accounting rules to truthfully report spending that Bush had already done.

    You’ve been shown this multiple times and you keep regurgitating what has been proven false.

    http://www.politicalforum.com/index.php?threads/tax-cut-for-the-rich.518031/page-14#post-1068290988
     
    Quantum Nerd likes this.
  8. MolonLabe2009

    MolonLabe2009 Banned

    Joined:
    Dec 10, 2009
    Messages:
    33,092
    Likes Received:
    15,284
    Trophy Points:
    113
  9. US Conservative

    US Conservative Well-Known Member Past Donor

    Joined:
    May 19, 2015
    Messages:
    66,099
    Likes Received:
    68,212
    Trophy Points:
    113
    Gender:
    Male
    MAGA is made in such ways.
     
  10. JakeStarkey

    JakeStarkey Well-Known Member

    Joined:
    Sep 4, 2016
    Messages:
    25,747
    Likes Received:
    9,526
    Trophy Points:
    113
  11. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

    Joined:
    Oct 24, 2016
    Messages:
    9,744
    Likes Received:
    2,086
    Trophy Points:
    113
    Gender:
    Male
  12. JakeStarkey

    JakeStarkey Well-Known Member

    Joined:
    Sep 4, 2016
    Messages:
    25,747
    Likes Received:
    9,526
    Trophy Points:
    113
    MolonLabe is just unhappy that he had to admit the Great Recession was caused by GOP economic policies.
     
    Quantum Nerd likes this.
  13. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

    Joined:
    Oct 24, 2016
    Messages:
    9,744
    Likes Received:
    2,086
    Trophy Points:
    113
    Gender:
    Male
    The American economy started its upward swing in creating jobs in 2014, long before Donald Dork arrived in the White House. See the Bureau of Labor Statistics data in this infographic or the Employment-to-population Ratio ("E-to-p" from here):
    [​IMG]
    The above plots the ratio against time-line. Note that the economy started creating jobs in 2014 during Obama's time in office.

    What is the exact history of the chart above? It's this:
    *In 2008, Bush-the-infant handed Obama a full-fledged Great Recession where the E-to-p Ratio plummeted to hit rock bottom in 2010.
    *Upon entering office in 2008, the Dems passed "ARRA" a spending-bill worth $878B which stopped dead the rise of the Unemployment Rate in America. (See that factual evidence from the BLS unemployment-data here
    *In 2010, Obama asked for more stimulus-spending to generate more jobs.
    *By then, however, The Replicants had taken control of the HofR, and refused all further stimulus-spending because it "exacerbated the Budget Deficit". (Isn't it strange how they could care less about the "Budget Deficit" anymore so they willingly passed recently the lowering of Upper-income Taxation?)
    *So for four lonnnggggg years (2010 to 2014) America created no new jobs!
    *Then, finally, Americans got sick-'n-tired of not spending and started doing so. Which is the real reason the economy repaired itself - but with the long delay that was harmful mostly to those unemployed in the bottom job-ranks.
    *We, the sheeple, got America out of the economic mess it was in. Not Obama and certainly not Donald Dork ...
     
    Last edited: Apr 12, 2018
    JakeStarkey and Quantum Nerd like this.
  14. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

    Joined:
    Oct 24, 2016
    Messages:
    9,744
    Likes Received:
    2,086
    Trophy Points:
    113
    Gender:
    Male
    Understandable. The Replicants have the shortest memory-retention of any political party in American history. It suits them to forget the recent past.

    For instance, from 2010 onward they refused all stimulus-spending to push the American economy out of the Great Recession and towards recovery because such spending supposedly worsened the "Great Deficit" that was afflicting America!

    But now that Donald Dork is in the White House they lowered Upper-Income Taxation because the Great Deficit was no-longer-a-problem?

    Wow, what short memories they have
    and a touch of budget-blindness when it suits them ...
     
    Last edited: Apr 12, 2018
    JakeStarkey likes this.
  15. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

    Joined:
    Oct 24, 2016
    Messages:
    9,744
    Likes Received:
    2,086
    Trophy Points:
    113
    Gender:
    Male
    Make America Great Again?

    It wasn't "great before"? Of course it was - we had the Great Recession gifted to Obama by Bush-the-child ... !

    How can we forget so quickly a Replicant war over-in-the-sandbox that cost totally anywhere between 100- 400K lives. And added greatly to the running-deficit that the same Replicants squawk about when they want to remind us about America's Great Debt Deficit.

    But conveniently forget when it comes to lowering Upper-income Taxation. Because they figure that by doing away with ObamaCare they can save all that "lost budget-expenditure"?

    You betcha ...
     
    Last edited: Apr 12, 2018
    JakeStarkey likes this.
  16. TomFitz

    TomFitz Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    40,413
    Likes Received:
    15,902
    Trophy Points:
    113
    Without doing any research at all, and looking only at your supporting quote, Trump's tax cuts INCREASE THE NATIONAL DEBT by half a trillion dollars. And this is assuming the rosy economic figures in the growth projections. So far, there is no indication taht the US will hit the growth target the CBO says these cuts will produce in 2018.

    And these figures completely discount the fact that a massive pile of additional spending has been added to the equation by the Budget Bill, as the GOP goes back to its borrow and spend ways.

    Finally, the individual tax cuts will be gone long before the period examined in this article expire.

    Of course, we'll know for sure this time next year.

    Trumpsters had better get their excuses ready.
     
    JakeStarkey likes this.
  17. not2serious

    not2serious Well-Known Member

    Joined:
    Mar 5, 2018
    Messages:
    2,829
    Likes Received:
    984
    Trophy Points:
    113
    You are talking about Hillary if she were president. It is not the conservatives who are after the second amendment rights, now are we?
     
  18. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

    Joined:
    Oct 24, 2016
    Messages:
    9,744
    Likes Received:
    2,086
    Trophy Points:
    113
    Gender:
    Male
    As much as I agree, I must also say that the above formula is a time-tested method of both sides - the Dems as well as the Replicants.

    If we, the sheeple, want to take politics back - that is "own it personally" as was originally intended there are some "things" that must be done:
    *Fix the Electoral College such that it simplicate replicates the popular-vote, which all democracies (except ours) employ or should employ.
    *Get rid of Gerrymandering, which seems to have the Surpremes befuddled at the moment. Any real democracy votes the head of government by means of the popular-vote and the popular-vote alone.
    *Laws should restrain campaign-spending fairly but equitably and keep it off commercial air-time.
    We don't "sell politicians", we elect them!
    *I live in France where it is forbidden - so air-time is given in two manners. Everyday, every candidate or political party gets five minutes of TV-time in the morning. There are plenty of nightly shows with debates between elements of both parties over a great variety of questions and "issues of the day".
    *Make it law that Americans must vote (local, state and national) or pay a fine ($200, increasing with each infraction). They can vote "blank", but they must vote. Which would require that the government assume all aspects of a National Voting Mechanism and another for states/localities. And assure that all citizens are recognized/identified when voting.
    *Which will require an Identity Card based upon a Social Security Number attributed at birth, the birth date and genetic-identity recorded in a national registry of births as would be required by law. The Identity Card will help greatly to track criminals across state lines - which exists nowadays but is haphazard.
     
    Last edited: Apr 12, 2018
  19. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    The date coming in shows tax cuts do not increase revenue, because you know.............math.

    Q4 of 2017 was 2.5%.
    Lol, WHAT?
    Republicans never do this though. You guys slash revenues, while increasing spending.
     
    Quantum Nerd likes this.
  20. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    know what the difference is? The economy Obama was handed was almost in the toilet. It was the worst recession in 80 years. Trump was handed a booming economy, with almost full employment and a record high stock market.

    What's his excuse?
     
  21. JakeStarkey

    JakeStarkey Well-Known Member

    Joined:
    Sep 4, 2016
    Messages:
    25,747
    Likes Received:
    9,526
    Trophy Points:
    113
    You are well named, so you won't be too upset with the GOP debacle that will crest this November and after.
     
  22. One Mind

    One Mind Well-Known Member Past Donor

    Joined:
    Sep 26, 2014
    Messages:
    20,296
    Likes Received:
    7,744
    Trophy Points:
    113
    Were you one of the guys who claimed hillary could not lose to trump? Along with the DP, MSM, pollsters and the expert pundits? With a record like that, I am not sure I would be making such grandiose claims. Well, I am sure that I would not be making those claims. But I don't develop amnesia, so that kinda helps. ha ha

    Why should anyone, except democrats, hillary democrats even listen to you, much less give any creds? Do you think independents will? Why?
     
  23. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    What's the proof the tax cuts are boosting the economy?
     
  24. One Mind

    One Mind Well-Known Member Past Donor

    Joined:
    Sep 26, 2014
    Messages:
    20,296
    Likes Received:
    7,744
    Trophy Points:
    113
    Hey, I agree for it is the truth. It is the fact. The downside is the quality of jobs created under him. So few middle class jobs, and a host of non living wage jobs, and of course a plethora of part time jobs with no benefits, except one had to apply for food stamps in order to survive with the "obama jobs". Or your typical slave labor globalism jobs.
     
  25. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    yep. All thanks to republican supply side (trickle down) policies. Ever since they were implemented, the wealth disparity has grown exponentially between the rich and the poor, with the middle class shrinking year after year.
     

Share This Page