Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - General


Reply
 
Thread Tools Rate Thread
Old 10-18-2018, 12:17 AM   #1
horses4courses
Registered User
 
horses4courses's Avatar
 
Join Date: Jun 2009
Posts: 12,062
Rep Power: 22 horses4courses is on a distinguished road
Things Couldn't Be Better?

Trump fans whoop and holler about how great the economy is.
Meanwhile, back on earth, the reality of the situation unfolds.

This house of cards is coming down, baby.
Probably sooner than we think.

https://www.newsweek.com/deficit-bud...lement-1172941



Quote:
New Treasury Department analysis on Monday revealed that corporate tax cuts had a significant impact on the deficit this year. Federal revenue rose by 0.04 percent in 2018, a nearly 100 percent decrease on last yearís 1.5 percent. In fiscal year 2018, tax receipts on corporate income fell to $205 billion from $297 billion in 2017.
__________________
Hey there, Joe
You wanna give it a go?

Last edited by PaceAdvantage; 10-20-2018 at 01:09 PM.
horses4courses is offline   Reply With Quote Reply
Old 10-18-2018, 12:32 AM   #2
thaskalos
The Sleeper Must Awaken
 
thaskalos's Avatar
 
Join Date: Jan 2006
Posts: 21,935
Rep Power: 44 thaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud of
If Social Security is indeed the "entitlement program" that the government calls it...then...why can't we stop contributing our money to it?

Last edited by thaskalos; 10-18-2018 at 12:45 AM.
thaskalos is offline   Reply With Quote Reply
Old 10-18-2018, 12:41 AM   #3
Buckeye
Smarty Pants
 
Buckeye's Avatar
 
Join Date: Sep 2001
Location: Every Vote Counts
Posts: 2,883
Rep Power: 22 Buckeye has a spectacular aura aboutBuckeye has a spectacular aura aboutBuckeye has a spectacular aura about
Stalemate

or Checkmate or something.
Buckeye is offline   Reply With Quote Reply
Old 10-18-2018, 12:46 AM   #4
JustRalph
Just another Facist
 
JustRalph's Avatar
 
Join Date: Mar 2002
Location: Now in Houston
Posts: 41,883
Rep Power: 67 JustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to behold
Itís called being conservative.

But the turtle is just talking. He knows heís probably going to lose seats, which means he will never get the votes.

The turtle wants to call himself a conservative and this is how he gets to do that.

None of those things he is talking about is likely to happen
__________________
DROWNING IN GRAVY!
JustRalph is offline   Reply With Quote Reply
Old 10-18-2018, 12:49 AM   #5
MONEY
Registered User
 
MONEY's Avatar
 
Join Date: Feb 2006
Location: Houston Tx.
Posts: 2,264
Rep Power: 18 MONEY is a jewel in the roughMONEY is a jewel in the roughMONEY is a jewel in the roughMONEY is a jewel in the rough
Quote:
Originally Posted by horses4courses View Post
Trump fans whoop and holler about how great the economy is.
Meanwhile, back on earth, the reality of the situation unfolds.

This house of cards is coming down, baby.
Probably sooner than we think.
The problem is spending, not the amount of taxes collected.

"Feds Collect Record Taxes Through April; Still Run $385.4B Deficit"

"The record total federal taxes collected during this period also included a record $1,050,601,000,000 in individual income taxesó
marking the earliest in any fiscal year that individual income taxes have topped $1 trillion."

https://www.cnsnews.com/news/article...-3854b-deficit
__________________
Please don't kill the messenger.
MONEY is offline   Reply With Quote Reply
Old 10-18-2018, 12:56 AM   #6
horses4courses
Registered User
 
horses4courses's Avatar
 
Join Date: Jun 2009
Posts: 12,062
Rep Power: 22 horses4courses is on a distinguished road
You can't have it both ways....

The corporate tax cuts are supposed to cure all ills.
Increase revenues and rebuild a stunted economy.

"Prosperity will eliminate, or at least greatly reduce, the deficit."
We've heard it time and again.
Ain't gonna happen.

Workers stimulate economic growth through their spending.
If they can make ends meet - which is still not the case.
__________________
Hey there, Joe
You wanna give it a go?

Last edited by horses4courses; 10-18-2018 at 12:59 AM.
horses4courses is offline   Reply With Quote Reply
Old 10-18-2018, 01:05 AM   #7
JustRalph
Just another Facist
 
JustRalph's Avatar
 
Join Date: Mar 2002
Location: Now in Houston
Posts: 41,883
Rep Power: 67 JustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to behold
Quote:
Originally Posted by horses4courses View Post
The corporate tax cuts are supposed to cure all ills.
Increase revenues and rebuild a stunted economy.

"Prosperity will eliminate, or at least greatly reduce, the deficit."
We've heard it time and again.
Ain't gonna happen.

Workers stimulate economic growth through their spending.
If they can make ends meet - which is still not the case.
Bullshit, if you cannot make it in this economy, you ainít trying.
__________________
DROWNING IN GRAVY!
JustRalph is offline   Reply With Quote Reply
Old 10-18-2018, 01:10 AM   #8
horses4courses
Registered User
 
horses4courses's Avatar
 
Join Date: Jun 2009
Posts: 12,062
Rep Power: 22 horses4courses is on a distinguished road
Millions are trying very hard - working 2 or 3 jobs.
They're not making it.
__________________
Hey there, Joe
You wanna give it a go?
horses4courses is offline   Reply With Quote Reply
Old 10-18-2018, 01:22 AM   #9
ReplayRandall
Registered User
 
ReplayRandall's Avatar
 
Join Date: Apr 2014
Location: Charlotte, NC
Posts: 6,168
Rep Power: 19 ReplayRandall is a splendid one to beholdReplayRandall is a splendid one to beholdReplayRandall is a splendid one to beholdReplayRandall is a splendid one to beholdReplayRandall is a splendid one to beholdReplayRandall is a splendid one to beholdReplayRandall is a splendid one to behold
Quote:
Originally Posted by JustRalph View Post
Bullshit, if you cannot make it in this economy, you ain’t trying.
Quote:
Originally Posted by horses4courses View Post
Millions are trying very hard - working 2 or 3 jobs.
They're not making it.
Actually you're both right.....In Texas, Ralph has an economy that's going at a good clip, my wife's relatives all live there and tell me it's so.

On the other hand, Horsey is correct with a lot of people working multiple jobs, just trying to make ends meet, especially in the Midwest and the South.

It all depends on where you live, that's your reality.....50/50, just like the mid-terms coming up.
ReplayRandall is offline   Reply With Quote Reply
Old 10-18-2018, 02:32 AM   #10
Clydepuckett
Registered User
 
Join Date: Jul 2014
Location: Houston, Tx
Posts: 38
Rep Power: 0 Clydepuckett will become famous soon enough
People worked multiple jobs under the Obama administration as well.

What's the point of that argument?
Clydepuckett is offline   Reply With Quote Reply
Old 10-18-2018, 05:01 AM   #11
JustRalph
Just another Facist
 
JustRalph's Avatar
 
Join Date: Mar 2002
Location: Now in Houston
Posts: 41,883
Rep Power: 67 JustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to behold
Quote:
Originally Posted by Clydepuckett View Post
People worked multiple jobs under the Obama administration as well.

What's the point of that argument?
I have several employees that have always worked multiple jobs. But the 2nd jobs are better than ever. Pay is higher too. In some cases, we are the 2nd job......
__________________
DROWNING IN GRAVY!
JustRalph is offline   Reply With Quote Reply
Old 10-18-2018, 05:07 AM   #12
thaskalos
The Sleeper Must Awaken
 
thaskalos's Avatar
 
Join Date: Jan 2006
Posts: 21,935
Rep Power: 44 thaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud of
Is that how we judge the "strength" of our economy? By how many jobs the workers have to hold in order to keep the wolf away from their door?

I want to believe that the economy is "doing great"...but, from what I see, money among the working class is as scarce as it ever was.
thaskalos is offline   Reply With Quote Reply
Old 10-18-2018, 05:12 AM   #13
thaskalos
The Sleeper Must Awaken
 
thaskalos's Avatar
 
Join Date: Jan 2006
Posts: 21,935
Rep Power: 44 thaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud ofthaskalos has much to be proud of
Can someone put up an anonymous poll so we could see how many of our brethren here are really doing better financially during this "best ever" economy, compared to how they did in the preceding years? I would do it myself...but I never could figure out how to start a poll on this board.

Last edited by thaskalos; 10-18-2018 at 05:16 AM.
thaskalos is offline   Reply With Quote Reply
Old 10-18-2018, 09:32 AM   #14
sammy the sage
Registered User
 
Join Date: Jul 2003
Location: central fla.
Posts: 3,704
Rep Power: 22 sammy the sage is a jewel in the roughsammy the sage is a jewel in the roughsammy the sage is a jewel in the roughsammy the sage is a jewel in the rough
Figures lie and liars figure....

We all KNOW it's given that government LIES...no matter WHO is in THE white house or in control..

We had this discussion back in LATE 2007....many of those figures are mis-leading...such as the highly touted jobs figure....could go on...but will be pointless...

I was blasted back then....and then when proven correct...not single apology...guessing the same thing will happen now unfortunately....

Major problems are about to start things crumbling...if it hasn't already...

Health insurance is starting to crush the middle class..( and THOSE in control have DONE NOTHING...premiums are still going up by 10-20-30 % depending...but that's a whole other thread}..

.and those tariffs are going to start biting...

and my business is doing half of what should it be...like in late 2007...thought maybe it was something we were doing wrong or more competition...however...my competition and those in the same field are seeing similiar results...all of sudden....it's called DISCRETIONARY income...

and finally...someone way more qualified than moi is saying the same thing...for different reasons...but they ALL overlap...

https://www.marketwatch.com/story/an...teid=rss&rss=1

By the way...ALL recessions are ALWAYS annnounced 6-8 months AFTER the fact...and THAT is a fact as well

Honestly...hoping I'm wrong about this...but don't think so...
__________________
By THE way...99.99% of the people on this board won't be talked about in 100 yrs...(P.A. might be tho..hence the .01%)...but if an opinion can be changed for THE GOOD of mankind...and be spread slowly to other people...it's WORTHWHILE......it's all good...just my 2 cents worth...1943 copper that is!
sammy the sage is online now   Reply With Quote Reply
Old 10-18-2018, 10:18 AM   #15
Tom
Registered User
 
Tom's Avatar
 
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 90,175
Rep Power: 121 Tom has much to be proud ofTom has much to be proud ofTom has much to be proud ofTom has much to be proud ofTom has much to be proud ofTom has much to be proud ofTom has much to be proud ofTom has much to be proud ofTom has much to be proud ofTom has much to be proud of
Of course things could be better.
They can always be better.

There could be no democrats, that would be better.
Economic Speed Bumps.
__________________
Who does the Racing Form Detective like in this one?
Tom is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
What are the true odds of a Baffert Trifecta in the Kentucky Derby
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 08:53 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Copyright 1999 - 2018 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.