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Old December 3rd, 2017, 01:39 PM   #21
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Do you understand why we do not care if the debt increases due to this tax bill is simply because all administrations prior to Trump also did not care or did nothing to reduce our deficit?

It is obvious that the people are attempting to hold this President to a higher standard that none of them held this higher standard in their own activities.
Come again.

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Old December 3rd, 2017, 01:46 PM   #22
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The "projections" are always bogus.
And Obama led the US economy from the disaster of the W years and the unregulated banking industry to a vibrant economy that the Republican President is now pretending has something to do with him.

Thanks, Obama.
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Old December 3rd, 2017, 01:55 PM   #23
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The whole mantra of being the party of fiscal responsibility. Constant criticism of the left as being in favor of "tax and spend". And you all cheer this tax bill that is going to increase the deficit and the debt as reported by several independent organizations, even with optimistic estimates of economic growth.

Isn't that classic hypocrisy?
Imho... Quigley is correct. The two parties are virtually the same. Tax and spend our way into oblivion. There is no fisical restraint. There is no interest in common ground and sharing for each other and to our own in this country. Just tribalism.

Now, the difference, imo, is in priorities. Military, defense for the right and social spending for the left. Neither of them are a bad thing if balanced correctly and equitably with stability in mind. But minus any interest in stability (i.e. reasonable flow of equal funds to both sides), peter will be well vexed to meet his defense commitments while paul is basking in the social glory of spreading the wealth of other peoples money around for the sake of a good image. Or...
Peter meets his commitments of defense at the heavy expense of Paul's social stability interests. The end results are the same. Other peoples monies are being spent on projects they see little value in. While in effect, both projects have immense value to both sides, but neither can see it because of the way both sides narratives are presented in such a horribly imbalanced way.

We want our cake and to consume it at the same time. Thus, the hypocrisy is on both sides in pushing the narrative of their own narrow interests for their benefit only and not truly for the health of the country.

So it boils down to us. I was part of the problem in seeing the fault in the left only. (Note: I am not saying my way of thinking is superior, obviously based on the simplicity of this post, just biasedly wrong). When will other people admit it to themselves that their way isn't the only way. They are also a part of the problem when it comes to hypocrisy.

Rant over....
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Last edited by Panther; December 3rd, 2017 at 01:58 PM.
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Old December 3rd, 2017, 02:01 PM   #24
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And Obama led the US economy from the disaster of the W years and the unregulated banking industry to a vibrant economy that the Republican President is now pretending has something to do with him.

Thanks, Obama.
Obama was/is a puppet. It wasn't time to take us down yet. The Dow hit 24000, and they still won't raise interest rates? It's all fake.
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Old December 3rd, 2017, 02:27 PM   #25
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Obama was/is a puppet. It wasn't time to take us down yet. The Dow hit 24000, and they still won't raise interest rates? It's all fake.
The interest rate decision is a really tough one. I'm glad I'm not in a position to have to make it. Too soon, too high and the economy goes into recession. To little too late and inflation spikes.

Tough call. Usually employment more than the markets has driven the rate decision, but in this recovery, first it was the jobless recovery, which isn't that surprising since employment is a lagging indicator.

But we are seeing a strong recovery, including employment now but without wage increases. A very unusual situation.

That shoe should drop soon.
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Old December 3rd, 2017, 08:16 PM   #26
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Originally Posted by skews13 View Post
Come again.

Yep the more control GOP got in Congress the LOWER THE DEFICT BECAME.


Since congress is the only branch of government that can create a Surplus or Deficit..

your chart shows the if you want to lower Deficits VOTE GOP.
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Old December 3rd, 2017, 08:22 PM   #27
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Originally Posted by barb View Post
Do you understand why we do not care if the debt increases due to this tax bill is simply because all administrations prior to Trump also did not care or did nothing to reduce our deficit?

It is obvious that the people are attempting to hold this President to a higher standard that none of them held this higher standard in their own activities.
The classic they did it so we can do it defense...Thatís great...Like Quigley said, both parties are the same....
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Old December 3rd, 2017, 08:26 PM   #28
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The classic they did it so we can do it defense...Thatís great...Like Quigley said, both parties are the same....
No they are not EXACTLY the same.

You see for this tax plan to be REVENUE NEUTRAL the GDP has to grow at a rate of 0.4% more than it did in 2016.

GDP growth in 2016 was 1.6%

so 1.6+0.4=1.6

Current Annual GDP Growth is 3.3%.
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Old December 3rd, 2017, 08:29 PM   #29
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No they are not EXACTLY the same.

You see for this tax plan to be REVENUE NEUTRAL the GDP has to grow at a rate of 0.4% more than it did in 2016.

GDP growth in 2016 was 1.6%

so 1.6+0.4=1.6

Current Annual GDP Growth is 3.3%.
Thatís your opinion, the numbers have always been fudged for your convenience...
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Old December 3rd, 2017, 08:32 PM   #30
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Tax cuts grow the economy, works every time
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