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Economy is roaring
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Anonymous
Stop insisting the government create money out of thin air at a dizzying rate to pay for social programs. The problem is not that things are getting too expensive. The problem is endless socialism is devaluing the US dollar. |
Anonymous
Stop the endless tax cuts. The vast majority of voters don't want them and they are bankrupting our nation. |
Anonymous
Sadly, my 401K has not done that well. I listened to Paul Krugman who assured me that the stock market would decline 25% if Trump were elected. I have been in cash waiting for that decline.  I am just glad that I did not go short the market in anticipation of that massive decline.
Krugman now says that the the economy and market performance are unrelated. BTW, are you Paul Krugman by any chance? If so, when should I move from cash into equities? |
Anonymous
The social programs are such a small percentage of the money being spent (and most of it is on white lower class residents of red states) - most of the money is servicing the DoD and our debt. When the dems spend on education and infrastructure, the economic benefit is immediate and dramatic. When the GOP spends on tax cuts for the uber-wealthy, there is minimal economic impact. The Dow is doing well now because corporate profits are up, because workers wages are relatively flat and there are fewer regulations on clean air and water, and corporations pay zero in taxes. |
Anonymous
Actually, tax revenues have gone up despite the tax cuts - some would argue it was because of the tax cuts. What is out of control is the spending and for that both Democrats as well as Republicans can be blamed. And, of course, the Democratic candidates are stepping over each other on who can outdo the other on social spending! |
Anonymous
When you tax too much, money moves overseas, especially in a global economy. The problem isn't how much tax, the problem is how much is promised to get votes and that happens on both sides of the aisle. |
Anonymous
Don't tell me it's small. 70% of the federal budget is transfer payments. That's not small by any stretch. |
Anonymous
This is actually 100% false. Medicare and Social Security make up more than 60% of the budget. I'm against tax cuts, but you need to speak the truth. |
Anonymous
The problem is not taxes . . . it's what you spend the taxes on. A wall is not the same as investment in infrastructure and education and the health of our citizens. We have the average age of mortality DECLINING while all other developed countries are seeing INCREASES. We have roads and bridges crumbling. Yes, companies will leave this country, but it won't be because of taxes. |
Anonymous
This is 100% false. Tax revenues did increase, but increased much less than inflation. So in real dollars, tax revenue decreased. Don't be a puppet. https://www.crfb.org/blogs/tax-bill-did-not-cause-revenue-rise |
Anonymous
Don't "both sides" this. Republicans passed the massive tax cut in 2017 without any spending cuts. They are the side making this worse. |
Anonymous
Cool story, bro. Sorry you didn't load up on stocks during the 2018 market correction. That's what Krugman and all the other smart people did because we realize that there's a ton of liquidity sloshing around and it's gotta go somewhere. |
Anonymous
Well then, what spending cuts did democrats propose in 2017? |
Anonymous
| It costs 12.5 BILLION to run the federal government every day, 365 days a year. That's a sink cost based on past promises. So when someone tells you the wall will cost 5 BILLION, tell them that will run the federal government for ten hours. |
Anonymous
| Sunk cost. |