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Old 10-18-2018, 12:17 AM   #1
horses4courses
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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.

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Old 10-18-2018, 12:32 AM   #2
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If Social Security is indeed the "entitlement program" that the government calls it...then...why can't we stop contributing our money to it?

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Old 10-18-2018, 12:41 AM   #3
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Stalemate

or Checkmate or something.
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Old 10-18-2018, 12:46 AM   #4
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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
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Old 10-18-2018, 12:49 AM   #5
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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
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Old 10-18-2018, 12:56 AM   #6
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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.

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Old 10-18-2018, 01:05 AM   #7
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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.
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Old 10-18-2018, 01:10 AM   #8
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Millions are trying very hard - working 2 or 3 jobs.
They're not making it.
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Old 10-18-2018, 01:22 AM   #9
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Bullshit, if you cannot make it in this economy, you ain’t trying.
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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.
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Old 10-18-2018, 02:32 AM   #10
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People worked multiple jobs under the Obama administration as well.

What's the point of that argument?
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Old 10-18-2018, 05:01 AM   #11
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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......
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Old 10-18-2018, 05:07 AM   #12
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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.
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Old 10-18-2018, 05:12 AM   #13
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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.

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Old 10-18-2018, 09:32 AM   #14
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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...
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Old 10-18-2018, 10:18 AM   #15
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Of course things could be better.
They can always be better.

There could be no democrats, that would be better.
Economic Speed Bumps.
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