Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Paid Family Leave Coming January 2019
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="dmac1" data-source="post: 3737340" data-attributes="member: 60252"><p>Trump created an economic bubble by adding the tax 'cuts' to the debt so people could buy now and pay later. Those deferred taxes will need to be paid off with interest added. The debt and deficit are both growing at least double the rate that revenues have increased. Revenues are up ~1% while the deficit (annual) is up by 33% this year, and projected 60% next year compared to Obama's last year. Interest rates are also up, so all that borrowed money costs even more, meaning that the rate of the debt increases is accelerating. It also means we pay more each year on interest, so each year we either lose government services, or just add the increased spending to even further increase the debt.</p><p>This is a huge bubble, with annual deficits of well over $1 trillion in what Trump claims is a great economy. At least Obama's spending was to counter a republican recession.</p><p></p><p>You probably believe that news is fake, but completely believe that the growth created by deferring taxes is 'real.' Do you think it is a coincidence that the added debt due to the tax deferrals is almost exactly the same as the amount corporations have spent on stock buybacks????? Are you aware that inflation is almost double what it was just a couple years ago, meaning that your paycheck buys less, even with your tax deferral? Previous posts indicate home prices going up as much as 20% a year or more, tariffs will add even more to your costs, and gas prices are up 30% or more since Trump took office and added some instability and uncertainty into the oil markets, partly due to allowing Iran to immediately start building nuclear weapons again</p></blockquote><p></p>
[QUOTE="dmac1, post: 3737340, member: 60252"] Trump created an economic bubble by adding the tax 'cuts' to the debt so people could buy now and pay later. Those deferred taxes will need to be paid off with interest added. The debt and deficit are both growing at least double the rate that revenues have increased. Revenues are up ~1% while the deficit (annual) is up by 33% this year, and projected 60% next year compared to Obama's last year. Interest rates are also up, so all that borrowed money costs even more, meaning that the rate of the debt increases is accelerating. It also means we pay more each year on interest, so each year we either lose government services, or just add the increased spending to even further increase the debt. This is a huge bubble, with annual deficits of well over $1 trillion in what Trump claims is a great economy. At least Obama's spending was to counter a republican recession. You probably believe that news is fake, but completely believe that the growth created by deferring taxes is 'real.' Do you think it is a coincidence that the added debt due to the tax deferrals is almost exactly the same as the amount corporations have spent on stock buybacks????? Are you aware that inflation is almost double what it was just a couple years ago, meaning that your paycheck buys less, even with your tax deferral? Previous posts indicate home prices going up as much as 20% a year or more, tariffs will add even more to your costs, and gas prices are up 30% or more since Trump took office and added some instability and uncertainty into the oil markets, partly due to allowing Iran to immediately start building nuclear weapons again [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Paid Family Leave Coming January 2019
Top