SO THE DONALD MAY WANT TO HIKE TAXES!
“SO THE DONALD MAY WANT TO HIKE TAXES!”
Hey Donald, why? For what? You say you want to raise taxes? How about a reason? You see Donald, this federal government has more than enough money. This federal government has spent more than enough money. How about some facts Donald? How about some numbers Donald? We’ll give you a few.
In the last year of the Clinton administration, federal spending was $1.8 trillion. It has now more than doubled. Let us repeat, the amount of money that is spent by Washington DC has doubled since the last Clinton budget. Would you mind telling us where that doubling of government spending money is going? Would you mind telling us how the doubling of government spending is helping? Would you mind telling us what are we getting for our money? Where is the return on the taxpayer investment that has doubled in time? Did you know that this year the federal government received more money in one year than they’ve ever received in history? And they’re still running deficits. This is the people you would be sending the money to…people that cannot even balance their checkbook even though they are taking in massive amounts of the people’s money.
The fact is Donald that every dime that goes into the inefficient and ineffective public sector comes from the very efficient and very effective private sector. Washington only lives and breathes because of the largesse of the private sector, not the other way around. Washington is supposed to work for us but instead, the public has become slaves to Washington. It is this transfer of wealth, it is this redistribution of wealth from the producers to the non-producers in Washington that continues to provide headwinds for this economy to grow. Yes…the biggest redistribution of wealth in history is not to the producers, it is FROM THE PRODUCERS into the coffers of again, the ineffective and inefficient blob called Washington DC…but you are considering taking more? Is it any wonder we are sitting at flat line growth and that is being nice? The fact is over $3.5 trillion is being transferred from the economy, the real economy to Washington DC. We thought you understood that. We are not so sure any more as you are talking about taking even more money out of the private sector and sticking it in the hands of sleazy, slimy politicians that have showed one thing and one thing only, an utter disdain for the tax payer.
Donald, you want to do something right? How about cutting the size of government first? How about downsizing the blob of Washington DC? And how about leaving the producers of the greatness of this country alone? Washington DC needs to show they have earned the right to more of our money. Washington DC needs to prove themselves first…not the other way around. If you continue to cut the size of the private sector and continue to grow the size of the public sector, there is only one outcome.
I believe he stated he may cut taxes less than he proposed not raise current taxes. Although he will eliminate some tax loops holes, in effect raising taxes
Yes, that is what he said on one of the Sunday talk shows but not on all of them. I believe he was not clear on the point that the rich would not experience as much of a reduction but phrased it as an increase to draw in the Bernie voters that really don’t want to vote for Hillary. I believe I’m beginning to understand his insistence on building a wall and deporting all illegals first then letting them back. That is really his initial position, to be posturing from the ultra right so that when everyone meets in the middle, that position will be further to the right than it would have been otherwise. He must be smart enough to realize that there is no point to build a glorious wall when they dig holes under the walls we have now and even dig people out of prison. And, if they don’t go under the wall, they can just go to the gulf coast and swim or raft around the wall. It is all about the deal and the position where the two parties start.
What do we have since the last year of the Clinton administration? Admittedly Clinton did close the budget debit gap but since then… we are in debit from several wars, wars that the Bush administration estimated would only cost $100 million! A failed healthcare plan where insurance and pharm companies continue to prosper at everyone’s expense. A raided social security fund that with no chance of success. A revolving door lobby system where lobbyists write laws favoring their own at the expense of the many. A failed two part political system, controlled by fringe extreme elements, causing gridlock, and no resolution to any budgetary issues. A complex and broken tax code that favors lobbyists and the influential. And politicians almost assured of re-election. A financial system controlled by the banks, and is now taking away our money market funds in lieu of treasuries, forcing us to feel the pain of negative interest rates and force us to stay in the stock market..
In a nutshell we have the best government money can buy! As George Carlin once said, “It’s a big club, and you and I aren’t in it.”
https://www.youtube.com/watch?v=i5dBZDSSky0
We’re screwed and we need help. Time will tell what Trump does. Will he do the same as all previous Presidents, talk the talk and then cater to special interests, lobbyists, fringe elements of the Republican party, all the while spending like a drunken Kardashian. Time will tell!
THAT WAS BEAUTIFUL AND CORRECT!
Clinton’s years were the continuation of Reagan’s policies, Reagan couldnt run for 4 terms, so it finally fizzled out in ’00 with policies from the previous 3 terms putting the final nail in the coffin.
We have a choice of three Democrats presently !
Hillary and Sanders on the Socilaist and Communist side
Trump a Rhino Democrat !
For what ever reasons the Republican Conservatives didnt make it ! Cruz was the best bet to compare to Reagan ! Perhaps Rubio but he aligned himself with Democrats and lost his place !
Thank Fox News for voting their favorite in ! They gave him so much free publicity he had it made !
The wars in Iraq and Afghanistan have passed 4 Trillion in cost and are expected to cost 6 Trillion by 2018 if they were stopped today. The cost of care for wounded veterans and aid packages will carry on the spending for decades. Problem is the wars will continue as there will be instability in the region and other countries don’t want to share in the costs while expecting the US to be the world’s police man and foot the bill. By contrast the ISIS campaign has so far cost 5.6 Billion since it has mainly been a drone war.
Add to this the QE of the FED Balance sheet which has increased to 4.5 Trillion piling on the national debt and you get a huge part of the debt pie we now have to endure. 580 Billion on Medicare a year now compared to 290 Billion in 2005.
Every citizen now has 59.6k worth of the national debt on their back with $15k of interest added every second, 54 Million an hour or 648 million a day. And they need more money because they simply can’t get out of the whole as it is.
http://www.nationaldebtclocks.org/debtclock/unitedstates
What a wonderful legacy for future generations!
A government with the power to spend, needs money in order to spend.
Gotta tax it, borrow it, print it, or steal it…
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Better would be to cut the military by half, then stop fighting The New World Order’s wars..
We could ; STOP, (!) supporting the world’s biggest parasite state…….Israel, …… ( trillions given to; “The Beast” ) Let the Arabs eat Israel by the balls…
We could cut federal employees by half,, then by half again.
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Put me in charge of the federal budget…..
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The market:
I think this bloody buggar wants to rally,,, some, but the UUP keeps going higher.
If the extended UUP starts to pull back, we will likely get a rally in the market.
I’d not expect any kind of big rally, just a dcb ( dead cat bounce ).
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After which the market will think about it.
If SMH, and QQQ break a double support below the 50 day, we take another leg down.