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  • Nancy Pelosi is going absolutely crazy about the big Tax Cuts given to the American People by the Republicans

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  • Apr 20, 2018 7:27am Apr 20, 2018 7:27am
And more fiscal deficits

MAGA
  • #2
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  • Apr 20, 2018 7:41am Apr 20, 2018 7:41am
Quoting Ken A
And more fiscal deficits MAGA
Boo-hoo from Whoville. Let those that owe pay instead - https://www.bloombergquint.com/markets/2018/04/20/hedge-fund-titans-pull-money-from-funds-to-pay-massive-tax-bills
  • #3
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  • Apr 20, 2018 7:48am Apr 20, 2018 7:48am
Honest people are worried about their 401K
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  • Apr 20, 2018 7:56am Apr 20, 2018 7:56am
Quoting mgsterling
{quote} Boo-hoo from Whoville. Let those that owe pay instead - https://www.bloombergquint.com/marke...sive-tax-bills
😁
  • #5
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  • Apr 20, 2018 7:58am Apr 20, 2018 7:58am
Haha, I hear way too many people that don't understand this stuff always blaming republicans as the party of debt. And no offense Ken, but what does a 401k have to do with this conversation?

I hear the average person on the street, who doesn't know their a$$ from a tax cut, saying things like, "I am worried about how these new fiscal deficits to the tune of $1.8 Trillion are going to affect my children and the country."

Well, sorry to burst your bubble peeps, but that $1.8 Trillion is divided over 10 years, and it is predicted, not necessarily reality.

And also, why are they just now worrying about deficits anyway? Should have been worrying about them way before this. Hmm, I guess most people are just ill informed peons believing what they see in the media, and then repeating the garbage as fact.

They also conveniently forget that Mr. Obama nearly doubled the debt from the time he was in office to the tune of $10 Trillion dollars, and at one point in time, was running Trillion dollar deficits (all in 8 years). That, my friends, is probably more than all other presidents combined.

And I consider myself independent, so don't go claiming I'm for one side or another. Just pointing out the truth.
  • #6
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  • Apr 20, 2018 8:04am Apr 20, 2018 8:04am
And the children also say US can print dollal at will 😜
  • #7
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  • Apr 20, 2018 8:07am Apr 20, 2018 8:07am
Quoting Atreides
Haha, I hear way too many people that don't understand this stuff always blaming republicans as the party of debt. And no offense Ken, but what does a 401k have to do with this conversation? I hear the average person on the street, who doesn't know their a$$ from a tax cut, saying things like, "I am worried about how these new fiscal deficits to the tune of $1.8 Trillion are going to affect my children and the country." Well, sorry to burst your bubble peeps, but that $1.8 Trillion is divided over 10 years, and it is predicted, not necessarily...
Very sensible piece of writing!!
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  • Apr 20, 2018 8:08am Apr 20, 2018 8:08am
Quoting Bakker
{quote} Very sensible piece of writing!!
Thank you for the kind words Bakker.
  • #9
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  • Apr 20, 2018 8:17am Apr 20, 2018 8:17am
Quoting Atreides
Haha, I hear way too many people that don't understand this stuff always blaming republicans as the party of debt. And no offense Ken, but what does a 401k have to do with this conversation? I hear the average person on the street, who doesn't know their a$$ from a tax cut, saying things like, "I am worried about how these new fiscal deficits to the tune of $1.8 Trillion are going to affect my children and the country." Well, sorry to burst your bubble peeps, but that $1.8 Trillion is divided over 10 years, and it is predicted, not necessarily...
I don't care who is creating the deficits but in the end and deficit is not sustainable. It is a hole on a tire. How small or big it is doesn't matter. It will be a matter of time before you hit the road on bare foot. If history is an example that is how it is and if logic is a guide that is how it is. It is not only an American problem, it is a global system problem. Either this or that generation will get the results. I don't understand why people and countries can't live with their limits ( earnings ) Why do we need to create debt all the time ? And you know what that debt creation is creating asset bubbles which makes a decent place worth six digits which can only be paid in 20-30 years if you are lucky. And that same debt circle is making the income equality erode. It is one reason creating the 1% wealthy that has around 80% of all the assets globally. And it is all caused by stupid politicians and their short sighted followers.
  • #10
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  • Apr 20, 2018 8:26am Apr 20, 2018 8:26am
Quoting Namli
{quote} I don't care who is creating the deficits but in the end and deficit is not sustainable. It is a hole on a tire. How small or big it is doesn't matter. It will be a matter of time before you hit the road on bare foot. If history is an example that is how it is and if logic is a guide that is how it is. It is not only an American problem, it is a global system problem. Either this or that generation will get the results. I don't understand why people and countries can't live with their limits ( earnings ) Why do we need to create debt all...
Namli,

I agree with some of what you say, but disagree with others.

I agree completely that deficits are a problem, and so is debt.

But I believe blaming politicians or the system for all this largesse is impractical. You have to remember that we the people elected those politicians, and we the people allowed them to stay in office. Power breeds corruption and greed.

In my opinion, debt and deficits keep rising because the average person doesn't want to live within their means anymore. They want more and more, and they will vote in whomever gives them more. The problem is not what you think... the problem is that society's psyche has changed from a "work hard to get ahead and be happy" mentality to a "I deserve this or that and immediate gratification" mentality.

When people can sue you for saving someone's life or doing a good deed, you know something is wrong.

Just my two cents
  • #11
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  • Apr 20, 2018 9:33am Apr 20, 2018 9:33am
Quoting Atreides
{quote} Namli, I agree with some of what you say, but disagree with others. I agree completely that deficits are a problem, and so is debt. But I believe blaming politicians or the system for all this largesse is impractical. You have to remember that we the people elected those politicians, and we the people allowed them to stay in office. Power breeds corruption and greed. In my opinion, debt and deficits keep rising because the average person doesn't want to live within their means anymore. They want more and more, and they will vote in whomever...
Need to agree with the part you mention. Probably it is all about the change in society's preferences, culture etc.. Let's hope it is sustainable.
  • #12
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  • Apr 20, 2018 9:44am Apr 20, 2018 9:44am
It's only sustainable because we have the world's reserve currency... until we don't :-)

And that will happen eventually. Then the birds will come home to roost!
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  • Posted: Apr 20, 2018 7:05am
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    Category: Low Impact Breaking News
    Comments: 12  /  Views: 4,924