Trump Tax Cuts & Tariffs

Discussion in 'Free Speech Alley' started by Tiger in NC, Aug 27, 2019.

  1. LSUpride123

    LSUpride123 Boobies make everything A OK!!!

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    Yes, however I am a realist. Too many people want socialism these days.

    Are you not listening to their platform?
     
  2. Tiger in NC

    Tiger in NC It's Been Long Enough

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    So is it your conservative side our your realistic side that believes the debt and deficit do not matter because the debt will never be paid off anyway?

    If you believe this is true why not adhere to your conservative principles and fight it? Why would a belief that socialism is on the rise fuel your desire to not be as conservative? Seems antithetical to me. Please explain...

    Yes and it will never happen. Just like we haven't closed every government entity in Washington as the Republicans were suggesting during their most recent primaries.
     
  3. LSUpride123

    LSUpride123 Boobies make everything A OK!!!

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    They dont matter in the sense that our current and foreseeable future shows ZERO signs of any party looking to pay off the debt. Even with deficit reductions, if you grow the economy you can "technically" grow the deficit, but reduce the deficit growth relative to GDP increases. "Realistically", this is the best path forward and a path that can be achieved in our lifetime.


    I use debt to my advantage in business as do many others. The US government does. What is your point? ZERO debt is not a conservative principle. Its uncontrolled spending that is the root issue.


    I am not so sure. "Free" Healthcare is a VERY real possibility for sure. Would be bigger than the defense budget for sure.

    Climate change "funny money" is another one with very real possibilities if a Dem is elected.
     
  4. Tiger in NC

    Tiger in NC It's Been Long Enough

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    Oh they matter regardless. Do your bills go away if you don't think about them? That's a fantasy world.

    How much growth is necessary to pay off the national debt then? Because right now at 2.5-3% we have a 1.1 trillion dollar deficit. Working like a charm, right?

    In business you generally get capital from either incurring debt or selling equity. When incurring debt you must be certain that whatever you are financing will increase your sales enough to make the new debt payments. What is the US government financing right now that will help generate additional growth? What are we borrowing money for? Most recently we are borrowing to finance Trump's tax cuts because of the budget shortfalls they have created.

    of course it is.....which begs the question again....are you a conservative or not?

    or in this case uncontrolled tax cuts
     
  5. LSUpride123

    LSUpride123 Boobies make everything A OK!!!

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    As I said, with regards to "paying it all off", not it does not matter. They will never be paid off....


    We will never pay off the national debt.


    The economy has grown even with the China fight. Tax cuts are a large reason for the growth.


    No it isn't. Any blanket statement that says "all debt is bad" is wrong. I dont know a conservative that believes that and if there is one, they are uninformed.

    I have said it before but debt becomes so large it is a funny money game. We are no longer built on gold. Its all paper. The real power is knowing who owns that paper.

    Around 73% of the debt is classified as public debt.

    Of that, around 40% of that debt is owned by foreign investors and governments. China owns something like $1.8 Trillion (Japan around the same) of the $19 or so Trillion public debt.

    If you looked at all of the public debt, about half is held by us, you and me. Which brings me to my next point, we are also the collateral in all of this.

    The US consumer is the largest economy in the world.

    Sure, bad things would happen to us if the US defaulted, but..... It would fuck the rest of the world.

    On to the real point......

    This is why, over decades, we have moved to the globalist vision we are seeing play out today.

    The best example of this was Greece in 2010. While nowhere near the size of the US, they were big enough in the EU to force the EU to prop them up. That is what the globalist want. A system too big to fail.

    They have achieved it.

    There are two ways, IMO, to handle our debt.

    Devalue the dollar (would reduce what we actually owe on our debt). Wont happen. You can see China trying this with their economy. It wont work.

    Grow and build the US economy to be more self sufficient.

    So think about it for a second, say we default. What happens?

    The world implodes. Ain't gonna happen. We are the fucking world.....

    In many ways, the globalist elites should be admired for the below, the price, however, is our freedom.

    (I'll have to double check, but the US is home to around 1/3 of the worlds assets/wealth)

    [​IMG]




    Again, the tax cuts have aided the economic growth.
     
    Last edited: Sep 24, 2019
  6. onceanlsufan

    onceanlsufan Veteran Member

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    - Predicted and recorded are two different things NC. We won’t know what the deficit will be until it is posted by WH.gov .... not by your little agenda driven sites. I would not be surprised if it is higher, goes higher every year. And will keep on going higher every year.

    As for military spending .... you are entitled to your opinion. The US innovation machine has always been driven by military spending.

    Name one line item that Trump has added to the budget other than increased military investment, for which I support. Hell, even the wall had to be couched in military spending cause ur peeps don’t mind spending billions on illegal immigrants.

    So .... are you saying your not a leftists?


    I’m going to go out on a limb .... and read ur article .... we’ll see. I basically do not trust any news sites.
     
  7. onceanlsufan

    onceanlsufan Veteran Member

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    Went out on that limb .... read the forbes article ... as I suspected .... full of subjective clap trap, making speculation about things that haven't even happened. Worse, it omits several things on the KORUS that were important, preferring to interject a biased speculation instead.

    Though, the dude does come clean ... buried in the article ... that trade agreements aren't immediate effects.
     
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  8. Winston1

    Winston1 Veteran Member

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    It’s been awhile since I’ve committed on this but this article is important to understanding why tariffs and government interference in industries don’t work. This is not a shot specifically at Trump as most of the democrat presidential candidates advocate similar positions. Trump couldn’t bring coal back because it is dying a natural death. Natural gas and other generating resources are cheaper and more efficient. Biggest Private Coal Miner Goes Bust As Trump Rescue Fails
    Robert E. Murray, the U.S. coal baron who pressed the Trump administration to help save America’s struggling miners, placed his company into bankruptcy as demand for the fossil fuel continues to weaken.

    Read in Bloomberg: https://apple.news/AVxIEQxmcTcyCCOQJCP5cWw
     
  9. Kikicaca

    Kikicaca Senior Member

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    Keep in mind the dumbacrats hate natural gas too. Natrual gas could be the greatest energy sorce we have but they will block every effort to use it. Nothing a dumbacrat does today I agree with.
     

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