Quick question for Trump fans

[NYLefty]

Watched Chris Christie yesterday and he brought up an interesting point.

Donald Trump ran on completely eliminating the national debt in 3 years, but in fact added 4 trillion in his first 3 yrs???

What have ye to say???

[NYLefty]

Oh and as far as Christie is concerned "He's fat" has no self control at the dinner table and will never be fit to lead America 

[reason10]

5 minutes ago, NYLefty said:

Watched Chris Christie yesterday and he brought up an interesting point.

Donald Trump ran on completely eliminating the national debt in 3 years, but in fact added 4 trillion in his first 3 yrs???

What have ye to say???

I say you are a LIAR. It was UNELECTED JOE who added 4 trillion to the debt.

[Rebound]

1 hour ago, NYLefty said:

Watched Chris Christie yesterday and he brought up an interesting point.

Donald Trump ran on completely eliminating the national debt in 3 years, but in fact added 4 trillion in his first 3 yrs???

What have ye to say???

Trump: “I will eliminate the National Debt in 8 years”

https://thehill.com/blogs/ballot-box/presidential-races/275003-trump-i-will-eliminate-us-debt-in-8-years/amp/
 

National Debt under Trump, per the US Treasury:

[CdnFox]

1 hour ago, NYLefty said:

Watched Chris Christie yesterday and he brought up an interesting point.

Donald Trump ran on completely eliminating the national debt in 3 years, but in fact added 4 trillion in his first 3 yrs???

Well as noted that's not a true statement - it was 8 years.

And clearly he never got the chance - even if he'd been re-elected covid ruined any chance of that.

But to be honest i believe his hope was that his tax cuts would stimulate the economy a lot more over time. They did initially, he did very well for about a year but that kind of settled down and didn't pay off the dividends he was hoping. 

He still would have had time but honestly while i think he could have reduced it, i don't think he could have wiped it out.

But we can't pretend covid didn't happen of course.

[Deluge]

2 hours ago, NYLefty said:

Watched Chris Christie yesterday and he brought up an interesting point.

Donald Trump ran on completely eliminating the national debt in 3 years, but in fact added 4 trillion in his first 3 yrs???

What have ye to say???

I guess we'd better vote democrat then. It's OK when they raise the national debt...

[Rebound]

2 hours ago, CdnFox said:

Well as noted that's not a true statement - it was 8 years.

And clearly he never got the chance - even if he'd been re-elected covid ruined any chance of that.

But to be honest i believe his hope was that his tax cuts would stimulate the economy a lot more over time. They did initially, he did very well for about a year but that kind of settled down and didn't pay off the dividends he was hoping. 

He still would have had time but honestly while i think he could have reduced it, i don't think he could have wiped it out.

But we can't pretend covid didn't happen of course.

What we can’t pretend is that huge tax cuts increase Federal revenue. They don’t; they decrease it. 
Reagan proved that. 
Bush also proved it.  
 

All three of them cut taxes drastically and massively increased the deficit by doing so.  

Edited June 7, 2023 by Rebound

[CdnFox]

1 minute ago, Rebound said:

What we can’t pretend is that huge tax cuts increase Federal revenue. They don’t; they decrease it. 

Nonsense. There are many examples of the opposite being true. For god's sake man, read a book before making insane comments like that.

If the economy is stimulated and more people are working at better paying jobs and the economy starts to heat up then gov't revenues skyrocket.  

It's like this - lets imagine tax cuts doubled the taxable economy for a moment.  Lets also say the gov't was charging an average of 10 percent tax and the taxable income was 100 starting off.

So gov't revenue is 10 dollars - 10 percent of 100.
Now -lets say you cut taxes to 7 dollars. And the economy takes off and you go to 200 taxable income.

Now you're making 14 dollars instead of ten.

 

1 minute ago, Rebound said:

Reagan proved that.
Bush also proved it.  

Neither of those statements are true.

 

1 minute ago, Rebound said:

 

All thre of them cut taxes drastically and massively increased the deficit by doing so.  

Again - not accurate.  We can go through it if you like but you'll find that's just far too simplistic.

Having said that there is a sweet point. You can't just cut taxes and make more money. There is a magic number where you have the most business stimulation reasonably possible and yet the highest income and going below that will do nothing for you.

And generally tax cuts alone aren't going to do it - it has to be part of a larger plan.

Trumps tax cuts did work initially and the economy was stimulated but there was no follow up and no other policies to capitalize that and so it wore off within a year and the economy was back to 'decent' but certainly nothing that was going to eliminate the deficit.

[Rebound]

7 hours ago, CdnFox said:

Nonsense. There are many examples of the opposite being true. For god's sake man, read a book before making insane comments like that.

If the economy is stimulated and more people are working at better paying jobs and the economy starts to heat up then gov't revenues skyrocket.  

It's like this - lets imagine tax cuts doubled the taxable economy for a moment.  Lets also say the gov't was charging an average of 10 percent tax and the taxable income was 100 starting off.

So gov't revenue is 10 dollars - 10 percent of 100.
Now -lets say you cut taxes to 7 dollars. And the economy takes off and you go to 200 taxable income.

Now you're making 14 dollars instead of ten.

 

Neither of those statements are true.

 

Again - not accurate.  We can go through it if you like but you'll find that's just far too simplistic.

Having said that there is a sweet point. You can't just cut taxes and make more money. There is a magic number where you have the most business stimulation reasonably possible and yet the highest income and going below that will do nothing for you.

And generally tax cuts alone aren't going to do it - it has to be part of a larger plan.

Trumps tax cuts did work initially and the economy was stimulated but there was no follow up and no other policies to capitalize that and so it wore off within a year and the economy was back to 'decent' but certainly nothing that was going to eliminate the deficit.

It is accurate!

Go read all the Rush Limbaugh nonsense you want. An intelligent person simply goes to the website of the US treasury department and looks at federal tax revenues and deficit spending by year.  I don’t need Rush or Laffler or some fool to tell me what publicly available information tells us.  
 

Laffler conned people into thinking we could get infinite tax revenue by cutting taxes to as close to zero as possible. That’s not true, it’s never been true, and it never will be true. Sure, we used to have a 95% bracket which was too high, but we got rid of that long long ago.  

[CdnFox]

11 minutes ago, Rebound said:

It is accurate!

If by accurate you mean completely false then yes.

11 minutes ago, Rebound said:

Go read all the Rush Limbaugh nonsense you want.

didn't he die? You're really not up on the times with your 'zingers' are you  

11 minutes ago, Rebound said:

An intelligent person simply goes to the website of the US treasury department and looks at federal tax revenues and deficit spending by year.

Well no - an intelligent person would not. If we're talking about the economy as a specific topic as you were the first thing they'd look at is gdp and gdp per capita. That is one of the primary indicators of the economy. Tax revenues aren't reliable measures of the economy for several reasons. The deficit doesn't tell us anything at all about the economy.

So we look at gdp and gdp per capita.

In fact - it climbed slightly faster (in both catagories) under trump than it did under obama.

https://www.macrotrends.net/countries/USA/united-states/gdp-gross-domestic-product

As we can see - both climbed very steadily under trump for his entire term right till covid. It climbed faster than inflation.  That's a strong economy

So right off the bat your assertion is wrong.

 

Then we look at unemployment - it wasn't bad under obama's last term but it immediately fell with trump and stayed historically low until covid

https://www.thebalancemoney.com/unemployment-rate-by-year-3305506

Sorry kiddo - you were just dead wrong there.

Trump did a little better than obama on the economy. Inflation was under control, jobs were slightly better, gdp was better, gdp per capita was better indicating a more efficient work force...  you lose that one.

 

11 minutes ago, Rebound said:

 

Laffler conned people into thinking we could get infinite tax revenue by cutting taxes to as close to zero as possible. That’s not true, it’s never been true, and it never will be true.

As i said - there's a sweet spot. Trump's tax reductions did stimulate the economy but he didn't follow it up like he needed to in order to really have it take off. Then again - maybe that's a good thing to avoid inflationary pressures.

11 minutes ago, Rebound said:

Sure, we used to have a 95% bracket which was too high, but we got rid of that long long ago.  

You never did. That was smoke and mirrors. Nobody in the us ever paid that  

[Guest]

On 6/7/2023 at 8:44 AM, NYLefty said:

Watched Chris Christie yesterday and he brought up an interesting point.

Donald Trump ran on completely eliminating the national debt in 3 years, but in fact added 4 trillion in his first 3 yrs???

What have ye to say???

You're making it sound like this is some groundbreaking aha moment. 

Anyone with their wits about them, know Trump was a horrible president. 

You can't gaslight an entire population to believe the opposite of what you were actually doing. 

In history it will look pathetic.

Both the right and left, fighting mostly over the most low IQ of things.

[CdnFox]

9 hours ago, Perspektiv said:

You're making it sound like this is some groundbreaking aha moment. 

Anyone with their wits about them, know Trump was a horrible president. 

You can't gaslight an entire population to believe the opposite of what you were actually doing. 

In history it will look pathetic.

Both the right and left, fighting mostly over the most low IQ of things.

I disagree.  In history it's going to look like a decent presidency ending in covid.  The economy was good, no major wars broke out, When you look at the actual numbers it was fine.  History remembers that - it won't remember the tweets at 5 am that would send stock prices falling or the fights with the media or even the chronic (and false) claims of russion 'collusion' etc. Just like nobody remembers the Ford "falling down' issue.

[observer from afar]

On 6/7/2023 at 3:07 PM, CdnFox said:

 

But we can't pretend covid didn't happen of course.

Why not? Trump did. He compared it to a cold, denied it was anything serious and that a swig of bleach would sort it out?

[CdnFox]

On 6/10/2023 at 7:43 PM, observer from afar said:

Why not?

Because... it.... did  

 

Quote

Trump did. He compared it to a cold, denied it was anything serious and that a swig of bleach would sort it out?

LOL - well trump's brain is like an infinite number of monkeys with an infinite number of typewriters - given enough time it's going to say pretty damn everything

But - he also started project lightspeed that came up with a vaccines that were better than the other options faster than the other options.

However - the US covid response wasn't just about the president, and no matter who was president or how refreshed their brain-monkeys were the hit to the economy as it was shut down to isolate people was going to be very serious. No getting away from it.

[reason10]

On 6/7/2023 at 9:54 AM, Rebound said:

Trump: “I will eliminate the National Debt in 8 years”

https://thehill.com/blogs/ballot-box/presidential-races/275003-trump-i-will-eliminate-us-debt-in-8-years/amp/
 

National Debt under Trump, per the US Treasury:

You are such a STUPID LIAR.

From the article:

mosads}The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.” 

Eliminating that amount of debt in eight years is highly improbable, according to most economists, The Washington Post reported. It could require using $2 trillion a year from the annual $4 trillion budget to pay off holders of the debt. 

Trump insisted in the interview that “renegotiating all of our deals” would help pay down the debt by sparking economic growth. 

“The power is trade. Our deals are so bad,” Trump said. “I would immediately start renegotiating our trade deals with Mexico, China, Japan and all of these countries that are just absolutely destroying us.” 

 

Had it not been for the OBAMA VIRUS, voter fraud which elected a senile Pedophile, and the NAZI PELOSI National Socialist House, LEGALLY ELECTED PRESIDENT TRUMP could have been a year away from balancing the budget.

To bring your Downs Syndrome brain up to speed, ENTITLEMENTS are the largest and fastest growing items on the federal budget. It would take an act of Congress to overturn baseline budgeting for Entitlements. (Nobody would have lost ANY funding and the budget would be balanced.)

But your NAZI party has NO INTEREST in the health of the American Economy.

Seig Heill, creep.