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Posted

A Fox News Host has analyzed the economic plans set forth by Trump and Harris, concluding that, while Harris’ plans will add an estimated $1.2 Trillion to the National Debt, Trump’s plans are clearly more inflationary and will add $5.8 Trillion to the National Debt.

And, as I’ve pointed out many times, this Fox News Host has pointed out that Trump’s proposed 10-20% across the board tariffs will devastate the U.S. economy.  Imagine going into a Wal-Mart store and finding that all Chinese made products now cost 60% more and all other goods cost 20% more.  How is that not inflationary?

And Trump’s tariffs also hit American production hard, particularly farmers, who were hit with over $26 billion in tariffs on food they shipped to China, making them non-competitive in China. 
 

 

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@reason10: “Hitler had very little to do with the Holocaust.”

 

Posted
9 minutes ago, Legato said:

Nice cherry pick. Jessica Tarlov is the mandatory bat-shut crazy Democrat  on The Five.

Yup. And she looks like a dope everytime she's on the show.

Its so lonely in m'saddle since m'horse died.

Posted
7 hours ago, Legato said:

Nice cherry pick. Jessica Tarlov is the mandatory bat-shut crazy Democrat  on The Five.

I suppose you have source, perhaps one of the other 4, who will refute her claims with facts.  Here is an article that supports her analysis

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Posted
1 hour ago, Old Guy said:

I suppose you have source, perhaps one of the other 4, who will refute her claims with facts.  Here is an article that supports her analysis

Analysis of possibilities, estimations and depends, not a drop of concrete in sight. None of which disproves she is bat-shit crazy.

Posted
3 hours ago, Legato said:

Analysis of possibilities, estimations and depends, not a drop of concrete in sight. None of which disproves she is bat-shit crazy.

Plenty of concrete. Republicans have cut taxes again and again and treasury revenues fall each time.  The Laffler Curve is proven false. 

@reason10: “Hitler had very little to do with the Holocaust.”

 

Posted
6 hours ago, Rebound said:

Plenty of concrete. Republicans have cut taxes again and again and treasury revenues fall each time.  The Laffler Curve is proven false. 

Too bad reality doesn't align with your fantasy.

https://fred.stlouisfed.org/series/FYFRGDA188S

https://fred.stlouisfed.org/series/W006RC1Q027SBEA

In 1981 and 1986 Reagan issued massive tax cuts and the real revenue climbed. In 2018 the Trump tax cuts took effect and the revenue skyrocketed. But you believe your fantasy.

 

The Rules for Liberal tactics:

  1. If they can't refute the content, attack the source.
  2. If they can't refute the content, attack the poster.
  3. If 1 and 2 fail, pretend it never happened.
  4. Everyone you disagree with is Hitler.
  5. A word is defined by the emotion it elicits and not the actual definition.
  6. If they are wrong, blame the opponent.
  7. If a liberal policy didn't work, it's a conservatives fault and vice versa.
  8. If all else fails, just be angry.
Posted (edited)
18 hours ago, gatomontes99 said:

Too bad reality doesn't align with your fantasy.

https://fred.stlouisfed.org/series/FYFRGDA188S

https://fred.stlouisfed.org/series/W006RC1Q027SBEA

In 1981 and 1986 Reagan issued massive tax cuts and the real revenue climbed. In 2018 the Trump tax cuts took effect and the revenue skyrocketed. But you believe your fantasy.

 

Revenue to who, the devide between the wealthy and the rest just keeps growing.  Deficits and debt  also ballooned under Regan. Revenues didn’t increase nearly enough to offset the cuts.

Edited by Aristides
  • Like 3
Posted
22 hours ago, gatomontes99 said:

Too bad reality doesn't align with your fantasy.

https://fred.stlouisfed.org/series/FYFRGDA188S

https://fred.stlouisfed.org/series/W006RC1Q027SBEA

In 1981 and 1986 Reagan issued massive tax cuts and the real revenue climbed. In 2018 the Trump tax cuts took effect and the revenue skyrocketed. But you believe your fantasy.

 

Excellent source:

The Tax Cuts and Jobs Act of 2017 applies to taxes starting in 2018, and the first quarterly data on tax revenue are in. This graph compares current tax revenue categories with categories for the previous year. Most noticeable are a major drop in corporate tax income and the increase in taxes from production and imports. (In the latter case, both excise tax income and import duty income increased.) These changes are actually quite impressive: -35% for corporate tax income, +16% for production and import tax income. Personal income taxes are slightly down 


https://fredblog.stlouisfed.org/2018/06/movement-of-the-federal-tax-receipt-front/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog

  • Like 1

@reason10: “Hitler had very little to do with the Holocaust.”

 

Posted
5 hours ago, Aristides said:

Revenue to who, the devide between the wealthy and the rest just keeps growing.  Deficits and debt  also ballooned under Regan. Revenues didn’t increase nearly enough to offset the cuts.

That's a spending issue, not a revenue issue.

The Rules for Liberal tactics:

  1. If they can't refute the content, attack the source.
  2. If they can't refute the content, attack the poster.
  3. If 1 and 2 fail, pretend it never happened.
  4. Everyone you disagree with is Hitler.
  5. A word is defined by the emotion it elicits and not the actual definition.
  6. If they are wrong, blame the opponent.
  7. If a liberal policy didn't work, it's a conservatives fault and vice versa.
  8. If all else fails, just be angry.
Posted (edited)
15 minutes ago, Rebound said:

Your mangod Trump outspent every President in history, including Biden. 

And produced a wonderful economy for all Americans.

As opposed to your diaper-clad id1ot and his equity hire, who ushered in high inflation and millions of illegal aliens. 

Meh...the choice is obvious.

Edited by Nationalist

Its so lonely in m'saddle since m'horse died.

Posted (edited)
On 10/2/2024 at 4:59 AM, gatomontes99 said:

That's a spending issue, not a revenue issue.

 Regan increased the debt by 186%, by far the greatest increase of any president. 

Edited by Aristides
Posted
2 minutes ago, Aristides said:

 Regan increased the debt by 186%, by far the greatest increase of any president. 

That's a spending issue, not a revenue issue.

The Rules for Liberal tactics:

  1. If they can't refute the content, attack the source.
  2. If they can't refute the content, attack the poster.
  3. If 1 and 2 fail, pretend it never happened.
  4. Everyone you disagree with is Hitler.
  5. A word is defined by the emotion it elicits and not the actual definition.
  6. If they are wrong, blame the opponent.
  7. If a liberal policy didn't work, it's a conservatives fault and vice versa.
  8. If all else fails, just be angry.
Posted
1 minute ago, gatomontes99 said:

That's a spending issue, not a revenue issue.

If you spend more than you earn, it's a revenue issue.  The more debt you have, the more revenue you need to service it.

Posted
2 minutes ago, Aristides said:

If you spend more than you earn, it's a revenue issue.  The more debt you have, the more revenue you need to service it.

No. That's a spending issue.

The Rules for Liberal tactics:

  1. If they can't refute the content, attack the source.
  2. If they can't refute the content, attack the poster.
  3. If 1 and 2 fail, pretend it never happened.
  4. Everyone you disagree with is Hitler.
  5. A word is defined by the emotion it elicits and not the actual definition.
  6. If they are wrong, blame the opponent.
  7. If a liberal policy didn't work, it's a conservatives fault and vice versa.
  8. If all else fails, just be angry.
Posted (edited)
On 10/3/2024 at 11:25 AM, gatomontes99 said:

No. That's a spending issue.

You don’t spend unless you have the revenues to cover it. You can’t isolate the two, they go hand in hand.

The more revenues you need to service debt, the less you have to spend on things you need.

The US federal government now needs over a trillion in revenues a year, just to pay interest on its debt.

Edited by Aristides
  • Like 1
Posted
1 hour ago, Aristides said:

You don’t spend unless you have the revenues to cover it. You can’t isolate the two, they go hand in hand.

That's the game though, you cut taxes and then wait until the other government comes into power, then complain about the deficit so that services need to be cut.

Posted
1 hour ago, Michael Hardner said:

That's the game though, you cut taxes and then wait until the other government comes into power, then complain about the deficit so that services need to be cut.

A well honed practice that has been going on for far too long.

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Posted
3 hours ago, Aristides said:

You don’t spend unless you have the revenues to cover it. You can’t isolate the two, they go hand in hand.

The more revenues you need to service debt, the less you have to spend on things you need.

The US federal government now needs over a trillion in revenues a year, just to pay interest on its debt.

You should tell Congress that. They spend regardless.

The Rules for Liberal tactics:

  1. If they can't refute the content, attack the source.
  2. If they can't refute the content, attack the poster.
  3. If 1 and 2 fail, pretend it never happened.
  4. Everyone you disagree with is Hitler.
  5. A word is defined by the emotion it elicits and not the actual definition.
  6. If they are wrong, blame the opponent.
  7. If a liberal policy didn't work, it's a conservatives fault and vice versa.
  8. If all else fails, just be angry.
Posted
On 10/1/2024 at 8:29 AM, gatomontes99 said:

Too bad reality doesn't align with your fantasy.

https://fred.stlouisfed.org/series/FYFRGDA188S

https://fred.stlouisfed.org/series/W006RC1Q027SBEA

In 1981 and 1986 Reagan issued massive tax cuts and the real revenue climbed. In 2018 the Trump tax cuts took effect and the revenue skyrocketed. But you believe your fantasy.

 

You mean… taxes were cut and DEFICITS skyrocketed.

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@reason10: “Hitler had very little to do with the Holocaust.”

 

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