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Reply to "Big Beautiful Bill"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bbb mainly rolls back all the increases Obama jettisoned in during his first term - higher income levels for food stamps, illegal alien benefits, etc. [/quote] It also partially repealed the ACA. Without any replacement. Republicans will reap what they sow.[/quote] Which didn't exist earlier, somehow without billions of deaths of poor people. [/quote] Some deaths and many many bankruptcies from medical debt. A poorer sucker country. In order to pay for tax cute that are not stimulatory. Galling.[/quote] So you have more money due to tax cuts, but don't do anything with it? You don't spend it on goods or services produced by people who earn their livings by providing those goods or services? You don't invest it in companies which hire employees to produce desirable goods and services so they can make a profit while employing people? You just bury your tax savings in your back yard? Seems improbable, but if you say so, it must be true, and in that case there would indeed be no tricking down of your increased wealth. [/quote] George Herbert Walker Bush called Reagan's supply side economics "voodoo" - there is no truth to "trickle down" and never has been. An economic myth that has destroyed the middle class, destroyed the US fiscal balance and has handed Russia and China global victory without firing a shot.[/quote] So nobody spends any of their money, so it never changes hands. Seems improbable. If people do spend money, which seems more likely, where does it go? Common sense would suggest it goes towards goods and services provided by other people, and therefore "trickling" somewhere, but maybe you know better.[/quote]
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