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WillFranklin

This Lackluster Trump Economy Is Also On The Credit Card To Be Paid Back By The Middle Class With Interest

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2 minutes ago, WillFranklin said:

 

Anything to take us back to the fifties, save the progressive tax rates of the era.

what progress, reversism. educated stupidty ^^^^^ at its best, wait till the worst arrives.

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8 hours ago, JoeAverage said:

Nope! The Wife and I have been killing it the last several years under Trump, higher wages, bonuses, federal tax cut, as much overtime as we can handle.

 

But then again, we were doing pretty good under Obama also.

 

I guess if you depend on a "R" or a "D" for your financial future, you are probably not too bright.

 

This time ya REALLY have to pay it back champ, and with INTEREST!

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10 hours ago, WillFranklin said:

The economy has not really improved since the last President, Obama, had 2.70% annual growth in calendar 2014 and a 438 Billion Dollar Deficit for the 2015 Fiscal year.

 

https://www.multpl.com/us-real-gdp-growth-rate/table/by-year

 

https://www.bea.gov/news/2019/initial-gross-domestic-product-4th-quarter-and-annual-2018

 

https://www.usgovernmentspending.com/federal_deficit_chart.html

 

 

Yet we are running an annual budget deficit of over a trillion dollars now mostly due to the tax cuts for the wealthy and corporations according to the same link above. So now the difference is that even though we are not in a recession yet, we have to repay a lot more money with interest, and are not getting anything new for it.

 

Donald Trump has only achieved 2.97% annual GDP growth in calendar 2018 and is only projected to do worse.

 

Revenue was down for calendar 2018, not only when compared to what 2018 would be without the tax cuts, but also when compared to calendar 2017, a terrible result, thus the higher deficit. I proved this article correct and can do so any time in this thread if you doubt it:

 

https://www.wsj.com/articles/u-s-tax-revenue-declined-0-4-in-2018-11550084426

 

 

And if you clamor about the jobs, Trump does not outperform Obama there, in fact he is not doing as well. His two year average is lower than Obama's last two. 

 

jobs-Obama2-Trump2.png

 

And the government itself admits the the tax cuts had little effect at all on the average worker and that the revenue was even 9 Billion dollars below the already lower estimates for the first year.

 

https://crsreports.congress.gov/product/pdf/R/R45736

 

So in summary, are you willing to tell your children that they will have to repay this with interest when it is actually not as good as what we had before?

 

Do you want to tell your family members that their entitlements that they paid for will not be there fully when they need them?

 

 

 

Nailed it. 

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11 hours ago, WillFranklin said:

The economy has not really improved since the last President, Obama, had 2.70% annual growth in calendar 2014 and a 438 Billion Dollar Deficit for the 2015 Fiscal year.

 

https://www.multpl.com/us-real-gdp-growth-rate/table/by-year

 

https://www.bea.gov/news/2019/initial-gross-domestic-product-4th-quarter-and-annual-2018

 

https://www.usgovernmentspending.com/federal_deficit_chart.html

 

 

Yet we are running an annual budget deficit of over a trillion dollars now mostly due to the tax cuts for the wealthy and corporations according to the same link above. So now the difference is that even though we are not in a recession yet, we have to repay a lot more money with interest, and are not getting anything new for it.

 

Donald Trump has only achieved 2.97% annual GDP growth in calendar 2018 and is only projected to do worse.

 

Revenue was down for calendar 2018, not only when compared to what 2018 would be without the tax cuts, but also when compared to calendar 2017, a terrible result, thus the higher deficit. I proved this article correct and can do so any time in this thread if you doubt it:

 

https://www.wsj.com/articles/u-s-tax-revenue-declined-0-4-in-2018-11550084426

 

 

And if you clamor about the jobs, Trump does not outperform Obama there, in fact he is not doing as well. His two year average is lower than Obama's last two. 

 

jobs-Obama2-Trump2.png

 

And the government itself admits the the tax cuts had little effect at all on the average worker and that the revenue was even 9 Billion dollars below the already lower estimates for the first year.

 

https://crsreports.congress.gov/product/pdf/R/R45736

 

So in summary, are you willing to tell your children that they will have to repay this with interest when it is actually not as good as what we had before?

 

Do you want to tell your family members that their entitlements that they paid for will not be there fully when they need them?

 

 

 

Notice how you fail to post the data on what kind of jobs they were.

 

And yer side has been telling us it's really a continuation of Obama's economy.

 

So it must be a good economy or you wouldn't be re-writing history.  :)

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11 hours ago, WillFranklin said:

The economy has not really improved since the last President, Obama, had 2.70% annual growth in calendar 2014 and a 438 Billion Dollar Deficit for the 2015 Fiscal year.

 

https://www.multpl.com/us-real-gdp-growth-rate/table/by-year

 

https://www.bea.gov/news/2019/initial-gross-domestic-product-4th-quarter-and-annual-2018

 

https://www.usgovernmentspending.com/federal_deficit_chart.html

 

 

Yet we are running an annual budget deficit of over a trillion dollars now mostly due to the tax cuts for the wealthy and corporations according to the same link above. So now the difference is that even though we are not in a recession yet, we have to repay a lot more money with interest, and are not getting anything new for it.

 

Donald Trump has only achieved 2.97% annual GDP growth in calendar 2018 and is only projected to do worse.

 

Revenue was down for calendar 2018, not only when compared to what 2018 would be without the tax cuts, but also when compared to calendar 2017, a terrible result, thus the higher deficit. I proved this article correct and can do so any time in this thread if you doubt it:

 

https://www.wsj.com/articles/u-s-tax-revenue-declined-0-4-in-2018-11550084426

 

 

And if you clamor about the jobs, Trump does not outperform Obama there, in fact he is not doing as well. His two year average is lower than Obama's last two. 

 

jobs-Obama2-Trump2.png

 

And the government itself admits the the tax cuts had little effect at all on the average worker and that the revenue was even 9 Billion dollars below the already lower estimates for the first year.

 

https://crsreports.congress.gov/product/pdf/R/R45736

 

So in summary, are you willing to tell your children that they will have to repay this with interest when it is actually not as good as what we had before?

 

Do you want to tell your family members that their entitlements that they paid for will not be there fully when they need them?

 

 

 

So right. 

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6 hours ago, WillFranklin said:

 

This time ya REALLY have to pay it back champ, and with INTEREST!

Will, what is the middle class between previous ancestry and next generation ancestors? Parenting. those that have and those that haven't. Life exists in an adapt or become extinct environment that sustains all three generations so not reproductions, no next generation end of time homo sapiens occupy the moemnt as simultaneously here.

 

Changes the meaning of failure isn't an option. ideology plays second fiddle to natural order, Content doesn't conform to context and context doesn't happen without content using the vocabulary.  Stop socially weaponizing what if.

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THE ROOM RETARD BENSON AND HIS FAKE ASS GRAPHS

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43 minutes ago, benson13 said:

latest_numbers_CES0000000001_2009_2019_all_period_M05_net_1mth.gif

 

 

Is that new jobs in thousands? Looks about the same to me since 2010.

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5 hours ago, personreal said:

Notice how you fail to post the data on what kind of jobs they were.

 

And yer side has been telling us it's really a continuation of Obama's economy.

 

So it must be a good economy or you wouldn't be re-writing history.  :)

 

Read the post. It is roughly the same economy but with much higher deficits than Obama left us. So you will have to pay this Trump Economy back with interest...

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1 minute ago, benson13 said:

Actually, tramps #s are less than President Obamas

 

That's why I said roughly.

 

And yes when it comes to revenue Trump is much worse.

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31 minutes ago, benson13 said:

"I will pay off the National Debt in 8 years...believe me"

I will end my eternal debt of gratitude to society for fooling my ancestry since the dawn of civilization now as I have been for the last 12 years in cyberspace civil war only fought on the intellectual level that supplies the denial systems used ancestrally wihin technology supplying instant communicaiton through relative 24/7 semantics of logistical time facts ignoring now is Eternity.

 

so you dishonest policy wonkers and corrupted disciples of doubt, change your mind as your own people are going to take you out and I get to sit back and watch.

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Trump had a great economy handed to him in 2016. Following the Republican Great Recession of 2009, there were 11,641,000 jobs created and the unemployment rate was lowered from 10.3% to 4.8 % until 2016. Trump has lowered the employment rate by a little more than 1% to 3.6% after unnecessarily bumping $2.0 trillion dollars of tax cuts, 83% of which went to Wall Street and his rich donors. Between 2009 and 2016, we had GDP growth of over 3% nine times, including quarterly GDP Growth of 4.7%, 5.1% and 4.9%. The labor participation rate of 62.8% has been about the same since Trump took office in 2016 – we’ve gained jobs and we’ve lost jobs – no change. Trump is the only president in the history of our country, with the help of the Republican Party, to take our national debt of $22.3 trillion dollars above our annual GDP of $19 trillion. Our national debt is now more than what we make in a year as a nation. So how do we start paying for this?

Mitch McConnell called for Social Security, Medicare, Medicaid cuts on the Senate floor immediately after passing the massive $2.0 trillion tax cuts mostly for the rich. In April 2018, in an attempt to pay for these tax cuts, House Republicans passed a budget amendment that would cut Medicare funding by $537 billion. Trump’s 2019 Budget includes additional Medicare cuts of over $850 billion. This is just the beginning of the attack on the health care for millions of struggling middle class families and seniors by Trump and the Republican Party. Additionally, Trump wants to return private and employer health insurance to the 1970s, when insurance companies decided your health care instead of your doctors, by eliminating the ACA in the courts and creating cheap “junk health insurance plans” that are useless when you need them.

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17 hours ago, WillFranklin said:

This Lackluster Trump Economy.....

 

......SHOULD BE DEJA VU....for the average/CLUELESS Teabagger/Trumpoid!!!!

 

http://news4florida.tripod.com/indexfraud.html

 

https://www.irishtimes.com/news/bush-s-tax-cuts-sounded-too-good-to-be-true-for-democrats-1.286029

 

https://www.businessinsider.com/bush-era-tax-cuts-didnt-fix-economy-2012-12

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17 hours ago, WillFranklin said:

 

I wanted a thread that shattered their economic illusions. Do I have it?

Checking the historical inflation rates,

it might be noticed that double digit inflation often follows periods of high national debt.

High national debt, that often was the result of war.

 

Inflation, in effect, reduces the debt.

The dollar has less actual value.

The GDP increases, simply because things cost more, until the sales drop.

The tax revenue increases.

People's "investment" gains, and their savings, disappear.

 

We may expect this type of correction.

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17 hours ago, WillFranklin said:

 

I wanted a thread that shattered their economic illusions. Do I have it?

 

 

The Trump economy is real.

 

obamas was fake.  Quantitative Easing.... what is it...who used it?

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Just now, EltonJohnson said:

 

 

The Trump economy is real.

 

obamas was fake.  Quantitative Easing.... what is it...who used it?

The Trump economy would fall apart, without government spending support.

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17 minutes ago, benson13 said:

Trump had a great economy handed to him in 2016.

 

 

Quote

March 10, 2017

 

"The good news for Trump, though, is that there isnt much he can do to slow this down, either. The economy has its own momentum, and it’s hard to see what could knock it off.

 

All Trump has to do is nothing....which even an administration as dysfunctional as his might be able to do."

 

https://www.washingtonpost.com/news/wonk/wp/2017/03/10/the-obama-recovery-is-about-to-make-trump-look-good/?utm_term=.1a34a424387b

 

402291_Donald-Trump-mad-1.jpg

 

 

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4 minutes ago, EltonJohnson said:

 

 

The Trump economy is real.

 

obamas was fake.  Quantitative Easing.... what is it...who used it?

 

The Trump economy is on the credit card to be repaid with interest and has no measurements significantly better than Obama's.

 

The deficit has tripled since Trump took office when compared to Fiscal 2015.

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