Posted on 12/08/2017 1:43:59 PM PST by Oshkalaboomboom
“We've indulged in this fiction that we can build a vibrant economy by deregulating the financial sector, and cutting taxes, and putting off investments in things like infrastructure and education and our kids. But we can't anymore. And now we have to ask the question about what really went wrong.” —Sen. Elizabeth Warren (D-MA), from Rana Foroohar's “Makers and Takers” To solve this pressing and systemic problem, the the last place to look for insight is to any big government progressive like Elizabeth Warren. Likewise, to her fellow travelers of Congress's spendthrift establishment (of both parties). In truth, the insulated beltway bubble has no clue regarding what fundamentally remains wrong with America's economy. Warren's so-called solution, “investments in things,” is code for increased federal deficit spending. Yet, the government is flat broke, thanks, in large measure, to the already-tried-and-failed policies of Barack Obama, and Warren's fellow Democrats. In fact, over President Obama's two terms the average annual GDP growth was a measly 1.48 percent. Another disgrace was his virtual doubling of the nation's debt by a whopping $9.3 trillion. Funding wasteful schemes like his American Recovery and Reinvestment Act of 2009 (more commonly known as the Economic Stimulus Act) injected $787 billion into the marketplace, but to no avail. The economic malaise persisted because ill-equipped people — making wrongheaded decisions — were in charge.
Simply put, Obamanomics conclusively demonstrated that Washington cannot tax, borrow, or spend the nation into prosperity.
(Excerpt) Read more at newsmax.com ...
Abolish all government labor unions!
Cutting regulations will.
There are many,many unnecessary, counterproductive regulations.
Well...
If spending does continue at current levels, new tax revenues should outpace it.
If our tax cuts do double tax receipts, and current spending only grows at a slow pace, we’ll have a surplus with which to pay down part of the national debt.
This is only the first round of tax cuts too. In a few years I’d like to see even bigger cuts.
By then end of Trump’s two terms, we could be VERY right side up.
Trump is talking about really revamping Welfare too, and there is probably at least $400 billion dollars there to be had, yearly.
Tax cuts on Corps creates more jobs. Add extra money to individuals no matter if only $1,000 [per couple) adds more spending to Corp businesses usually taxed at a higher rate. Even basic Econ 201 would help non Business/Economics majors understand.
True.
After sitting on one thumb, sucking on the other, and playing switch for the 8 miserable years of Obama we now have “experts” in every discipline coming out of the woodwork advising, warning and threatening President Trump.
When have you ever heard so many leftists, RINO’s and socialists concerned about deficit spending, the mounting debt, interest rate manipulation, etc.?
Whatever President Trump proposes there are gaggles of “experts” warning him to leave things alone or give us more of the same policies that gave us the 8 year Obama Malaise.
Why? Because it worked so good?
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When have you ever heard so many leftists, RINO’s and socialists concerned about deficit spending, the mounting debt, interest rate manipulation, etc.?
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DEBT?! Not ONE word on the $120T+ in UNFUNDED liabilities saddling EVERY child in this once great country (violating everybody’s 13th A. Rights from our first breath).
Nobody asked how their ability to BORROW supersedes every other Right we supposedly enjoy.
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Whatever President Trump proposes there are gaggles of “experts” warning him to leave things alone or give us more of the same policies that gave us the 8 year Obama Malaise.
Why?
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Because the electorate continue to vote the lesser of 2 (instead of taking in the shorts for 2-4yrs. to prove a lesson).
Lastly, the (R)NC couldn’t articulate itself out of a phone booth (if they could FIND one anymore). They sure can’t adhere to their own platform!
Cutting taxes would grow the economy faster which is always a good thing. I guess economics is not your strong suit. You've posted this BS before.
I'm not too bad in history. History shows that when the economy grows politicians spend the extra revenue, which creates even more problems when the economy starts to shrink again. So far I've seen plenty of tax cutting but no spending cuts. So, Mr. Economics expert, how do we stop a good thing from turning into a bad thing if we don't cut spending? Do you think we are going to grow our way out of debt and futureproof the health of the country with a tax cut?
Better the people prosper and the economy grow. That is always the best thing. Debt is bad but stagnating the economy because you don’t, like is stupid and will punish the younger generation that didn’t run up this debt. ...and yes, spending needs to be cut BUT THAT HAS NOTHING TO WITH REVENUE.
While what Princess Gray Bush says is true in the abstract, in the corrupt political society in which she exists, the increase in funding will merely increase the corruption. She very well knows the increase in spending in big city education will be doled out to corrupt administrators and teachers with plastic degrees
I have a son working two jobs and going to college full time. He deserves a better future than that.
It's the best thing for the people at the time but is mortgaging the future. Debt is already about $100k per person. That doesn't bother me, I'm already retired and things look like they won't fall completely apart in my lifetime.
I have no problem with the economy growing and people prospering. I don't even know how you managed to come up with that idea in the first place just because I want to cut spending. Apart from defaulting, growing the economy is the only way to pay our bills. But you know the Democrats won't cut spending and the last time the GOP controlled the Presidency and both houses the spending was so outrageous the Democrats amazingly got to run as the party of fiscal conservatism. We're quickly running out of chances to get it under control.
No, what she says actually doesn’t matter. President Trump has induced growth into the economy that will be compounded by the tax cuts.
Pundits like to project numbers. I suspect the projections in the aggregate will be too low. A sea change is in process, a good sea change
But you do have problem with cutting taxes which is THE best way to get the economy growing again.
So what does anything you said above have to do with tax rate reductions for everyone? You tie the two together; spending and taxation. I say they are not related at all.
You also said you are against cutting taxes because the government always spends more. So which is it? Cutting taxes is good or it isn't good. It's an either / or.
Quit talking out of both sides of your mouth.
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