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Old December 1st, 2017, 04:23 PM   #51
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Originally Posted by Jimgorn View Post
You had 8 years of the slowest growth in the history of the country....the last 10 months have been in the right direction but, have not erased that..We can do better...like 5 or 6% growth levels..



So do I, if that is where the money goes to, but to often it is wasted or spent where it is not effective, or even having any business being spent there..



No Bean counter...I have a degree in Business Management...I started and ran business' in Hardwood Flooring, Drywall and Concrete...(all new home construction)...Now I am semi-retired and spend my time rehabbing distressed properties (old stone farmhouses are my favorite) and refinishing wood floors....If I quit working it would probably kill me...


So you aren't concerned about the deficit, which is about to blow up.
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Old December 1st, 2017, 07:17 PM   #52
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Originally Posted by Jimgorn View Post
You had 8 years of the slowest growth in the history of the country....the last 10 months have been in the right direction but, have not erased that..We can do better...like 5 or 6% growth levels....
What makes you think that a tiny tweak, like moving a tax rate from 39% to 35% is going to put the economy on steroids?
The last 300 years averaged 2% growth.
What makes you think 5% is possible, under these conditions?
You already have full employment, there's no big contingent of people ready to go to work. There's no reason to bring manufacturing back, taxes are tiny fraction of what labor is, and labor in this country is way higher than in China, you could have no taxes, and the labor differential would still keep all those jobs in China.


The only consistent result from tax cuts is huge deficits.
That's what Reagan got, that's what Bush got, that's what's coming under Trump if this shit get passed.


So tell me, when should we be paying down the debt?
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Old December 1st, 2017, 08:06 PM   #53
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Originally Posted by Clara007 View Post
Well, first of all, our economy is doing great. The Dow Jones is up 347pts today-- hitting another record high of 24,250.

Secondly, GROWTH? GROWTH of what??

Third, our unemployment rate is the lowest in history. Everyone who wants to work---IS WORKING.

Last--The Center on Budget and Policy disagrees with you. Corporate Tax Cuts Mainly Benefit Shareholders and CEOs, Not Workers.

https://www.cbpp.org/research/federa...os-not-workers
Yes the stock market is doing well. It is doing well based on regulations reduced in a thoughtful way. Its due to the anticipation of tax reform. We want the good business environment to increase and for the stock market to shine all next year.

The unemployment tabulation is bull shit. It does not calculate those that have become disheartened and have dropped out. As the economy heats up we are going to have some of those people return to the job market and they will not reduce the unemployment rate. But the positive effect will be high societal productivity. We will get closer to a real reflection of our unemployment rate because the real unemployment rate is more like 8% right now.

The Center on Budget and Policy does not calculate economic growth with dynamic calculations. It cannot predict with its model the growth that comes from tax relief.
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Old December 1st, 2017, 08:12 PM   #54
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The last 300 years averaged 2% growth.

Where? Who? Link.

From 1948 through 2017 the USA has probably averaged over 3% growth.

We have back-to-back quarters of 3% or higher, and the Atlanta Fed predicts 4th quarter will grow at 3.5%, giving us three consecutive quarters of 3%+, the first time since 2004.

Last edited by Kelvin; December 1st, 2017 at 08:19 PM.
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Old December 2nd, 2017, 12:22 PM   #55
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You already have full employment, there's no big contingent of people ready to go to work. There's no reason to bring manufacturing back,
What is being ignored here is the flawed unemployment reports of the Obama years....The people who simply gave up looking for work were no longer counted in the work force, skewing the unemployment rate....So real unemployment was quite hire than what was actually reported...

Then you have the investments that raise production effectiveness...thereby lowering costs and making the value of the earned dollar higher...


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The only consistent result from tax cuts is huge deficits.
That's what Reagan got, that's what Bush got, that's what's coming under Trump if this shit get passed.
Two different scenarios....Reagan's cuts almost doubled the revenues coming into the Treasury....However, Reagan also needed to rebuild a weakened military and the Democrat Congress spent like mad....Reagan pleaded for the line item veto.... Bush II, on the other had had no reason to cut taxes....Unemployment was actually over-employment....When you take into account the illegal aliens in the work force, you have over 100%.. Bush should have raised taxes to cover the War on Terror...


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So tell me, when should we be paying down the debt?
As soon as we start cutting wasteful spending....
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Old December 2nd, 2017, 12:49 PM   #56
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Originally Posted by Kelvin View Post
From 1948 through 2017 the USA has probably averaged over 3% growth.
.
Probably ?
It either has, or it hasn't. Its not something you can attach 'probably' too
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