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Post by DC-Fan on Nov 1, 2018 15:17:24 GMT
Bob Iger is supposedly going to run for president after he's done with Disney. I can't imagine him being any worse than Trump at this point lol Trump isn't doing too bad a job. Unemployment is down. Stocks dropped a bit the past week but the economy is still good. Certainly nowhere as bad as Jimmy Carter, the worst POTUS during my lifetime. During the Jimmy Carter years, there was double-digit unemployment AND double-digit inflation. And out here in the big cities in California, there were long gas lines.
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Post by Vassaggo on Nov 2, 2018 3:03:25 GMT
Bob Iger is supposedly going to run for president after he's done with Disney. I can't imagine him being any worse than Trump at this point lol Trump isn't doing too bad a job. Unemployment is down. Stocks dropped a bit the past week but the economy is still good. Certainly nowhere as bad as Jimmy Carter, the worst POTUS during my lifetime. During the Jimmy Carter years, there was double-digit unemployment AND double-digit inflation. And out here in the big cities in California, there were long gas lines. That was Stagflation - When inflation rates go high, unemployment goes up, and growth slows down. The last two aren't supposed to go together. When inflation goes up it's usually along with growth going up. Stagflation is the only sensible time to have large tax cuts. You are burning through future money to kick start the economy. The only problem is it should be a last measure tool. You are going to nuke some of your future gains to kick start an economy. True old school conservatives like my grandfather and and Great uncle knew this. They saw it's the government's answer to going into to the bank getting a loan to spur your business. Some how the new GOP's like my father and Republicans of the 80's on till today felt like that nuclear option to sacrifice future funds for a little nudge to the economy became the answer to everything. We keep on reupping the loan every year gaining interest and increasing debt. They can't cut the military, they can't let the tax cuts go back to normal or it's seen as raising taxes. It's not seen as paying back more of the loan instead of borrow ever increasing amounts. The GOP only avenue to get deficits down so they can eventually pay down the debt is to go after 3 things. Medicare, Medicaid, and Social Security. They see those as entitlements. They forget to mention that Medicare and Social Security are things citizens pay into. One is an insurance policy to help with disability and retirement insurance. (Medicare) And social Security is a mandatory retirement fund that people pay into to get money. It's not an entitlement. At best only Medicaid is an entitlement as in you don't pay into but can still get money out of. There is nothing more they can cut. Military is off limits so those are the 3 next biggest things they can cut. And they will fuck over the elderly with cuts and the extremely poor (who the majority are employed who receive medicaid and food stamps) to keep nudging the economy even when it doesn't need nudging. It takes time for the economy to get going faster so in the mean time to deal with less taxes gathered and bad economy making the taxes gathered smaller anyways the government has to borrow the money for those extra short commings to pay for the government to function. So they are literally borrowing money now to kick start the econ every time they keep a cut. The spurred economy does eventually bring in increase tax revenue but it's never been enough to get the deficit down to pay down the debt. So we keep having shortfalls with the tax revenue so we have borrow either the same or more because interest. It's a fucked situation.
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Post by Hauntedknight87 on Jan 17, 2019 17:31:25 GMT
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