The Economy Continues To Go Great Under Biden

[SassyIrishLass]

Yeah... absolutely no

 

[Independentthinker]

We don't have a spending problem, we have a revenue problem.

LOL. You're saying we don't have a spending problem? Really?

Yup. Not happy about that.

In fact, the left have been working very hard to eliminate the SALT cap on federal taxes, which would be a tax cut to the rich.

 

[otto105]

Except that things are so NOT great that people are having major difficulties in repaying their student loans. But, if things are going so great, how can that be? And, we also have this:

The Census Bureau found that 41.2% of adults reported difficulties paying household expenses in its latest household pulse survey that polled respondents from Sept. 20 to Oct. 2. That was up from 37.3% from the previous two-week polling period between Aug. 23 to Sept. 4 and the highest share on record since the survey first began asking that question in August 2020.

But, things are going great!

Student loans: Early data shows repayments are already taking a toll

The data provides the earliest indications of the kind of impact those repayments could have on both households and the economy

finance.yahoo.com

Did the former 1-term fuckup ever achieve a QTR of 4.9% GDP?

Did the former 1-term fuckup end his term with a net positive job growth?

 

[Winco]

We were producing more energy than our own country needed. That is called energy independence, something Biden has made sure we don't have anymore.

What were the specifics on how that happened?
Was it a trump policy?
What date did trump claim "Energy Independence."

 

[otto105]

I assume you support student loan forgiveness based on resulting economic stimulus it would provide. Interesting to say the least.

How about college endowments underwrite these loans and purchase the ones outstanding on the market?

How about college counselors disclose to incoming freshmen what the financial realities of their major yields and how long they should expect to pay off their loan?

Yet you believe American Taxpayers should write down or exonerate debt in the name of erroneous decisions. What about those “Tax Payers” that assumed debt, paid it off, in order too provide their children a college education? So they should pay again?

What world do you live in?

 

[Independentthinker]

Nope

Revenue increased every year after the Trump tax cuts, other than a very small insignificant decrease from the Covid lock down. It's in the records.

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through a variety of sources, including income and corporate taxes. Learn how much tax revenue the U.S. generates.

www.thebalancemoney.com

FISCAL YEAR	REVENUE
FY 2021	$4.05 trillion
FY 2020	$3.42 trillion
FY 2019	$3.46 trillion
FY 2018	$3.33 trillion
FY 2017	$3.32 trillion

 

[Independentthinker]

How Tax Cuts Affect the Economy

An increase or decrease in taxes affects the economy and spending decisions of individuals in higher and lower income brackets.

www.investopedia.com

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through a variety of sources, including income and corporate taxes. Learn how much tax revenue the U.S. generates.

www.thebalancemoney.com

FISCAL YEAR	REVENUE
FY 2021	$4.05 trillion
FY 2020	$3.42 trillion
FY 2019	$3.46 trillion
FY 2018	$3.33 trillion
FY 2017	$3.32 trillion

 

[otto105]

Revenue increased every year after the Trump tax cuts, other than a very small insignificant decrease from the Covid lock down. It's in the records.

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through a variety of sources, including income and corporate taxes. Learn how much tax revenue the U.S. generates.

www.thebalancemoney.com

FISCAL YEAR	REVENUE
FY 2021	$4.05 trillion
FY 2020	$3.42 trillion
FY 2019	$3.46 trillion
FY 2018	$3.33 trillion
FY 2017	$3.32 trillion

What year was the tax cut again?

 

[Independentthinker]

Did the former 1-term fuckup ever achieve a QTR of 4.9% GDP?

Did the former 1-term fuckup end his term with a net positive job growth?

70% of Americans say the country is going in the wrong direction. Evictions are up. Foreclosures are up. Auto defaults are up. Credit card debt is at record highs. Withdraws from retirement accounts are at record highs. People can't afford anything and you nuts claim everything is going great.

 

[Independentthinker]

What were the specifics on how that happened?
Was it a trump policy?
What date did trump claim "Energy Independence."

1. Trump increased oil production.
2. refer to #1
3. who cares?

 

[Winco]

Where is the Spending Data.


Oh....here it is.
What does the Pink Line above the Blue line Mean?
Why is the Pink Line above the Blue Line in EVERY YEAR of Trumps Term?

 

[Winco]

1. Trump increased oil production.
2. refer to #1
3. who cares?

Biden increased it (Oil Production) more, even the Charts say so.

 

[otto105]

Revenue increased every year after the Trump tax cuts, other than a very small insignificant decrease from the Covid lock down. It's in the records.

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through a variety of sources, including income and corporate taxes. Learn how much tax revenue the U.S. generates.

www.thebalancemoney.com

FISCAL YEAR	REVENUE
FY 2021	$4.05 trillion
FY 2020	$3.42 trillion
FY 2019	$3.46 trillion
FY 2018	$3.33 trillion
FY 2017	$3.32 trillion

Did workers get the $4,000.00 that he promised?

70% of Americans say the country is going in the wrong direction. Evictions are up. Foreclosures are up. Auto defaults are up. Credit card debt is at record highs. Withdraws from retirement accounts are at record highs. People can't afford anything and you nuts claim everything is going great.

If the consumer feels so burdened how are they still driving the economy to 4.9% growth?

And boo hoo whiner.

 

[Independentthinker]

Biden increased it (Oil Production) more, even the Charts say so.

But we are using more and Biden could be producing more than he is.

 

[Independentthinker]

Did workers get the $4,000.00 that he promised?

If the consumer feels so burdened how are they still driving the economy to 4.9% growth?

And boo hoo whiner.

Because they are charging it and withdrawing money from their retirement accounts.

 

[Winco]

But we are using more and Biden could be producing more than he is.

So you are saying that biden makes the decisions on which rigs pump how much?

Don't deflect to Keystone or leases.
US has plenty of unused oil leases.

 

[otto105]

But we are using more and Biden could be producing more than he is.

Actually domestic demand for oil consumption is down.

 

[Winco]

Because they are charging it and withdrawing money from their retirement accounts.

You got a link to support that claim?

 

[otto105]

But we are using more and Biden could be producing more than he is.

The government doesn't produce oil fuckup.

 

[Winco]

Because they are charging it and withdrawing money from their retirement accounts.

If they are withdrawing from their retirement accounts, why are they charging on cards?

If they are doing it backwards by first charging it on cards, then withdrawing from their retirement accounts to pay off the card, then that's on the IDIOT doing it that way.