Trump tax cuts brought 1 trillion dollars back into economy instead of being wasted by government.

[edward37]

That is 1 trillion dollars pumped straight back into the economy, as opposed to wasteful government programs. That is 1 trillion dollars trickling down to the rest of us.

Commerce Dept.: Companies Brought $1 Trillion Back to U.S. Under Trump Tax Cuts | Breitbart

"American companies have brought $1 trillion back to the United States since the passage of President Donald Trump’s tax cuts in 2017, according to new U.S. Department of Commerce data."

Only trickle you repubs will get is trump pissing up your leg

 

[RandomPoster]

In my accurate analogy, we are healthier than we were before Trump got into office.

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

Do you know what happpens to trillion dollar deficits when economy starts heading south eventually? Did you ever even give it two thoughts?

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$1,413 $1,294 $1,300 $1,077 $680 $485 $442 $585 $665 $779 $984

Yes, we did run over trillion dollar deficits before. But so far, not DURING Trump. Obama was the deficit master whom after every deficit seems puny.

Of course back then you championed them and were calling others crazy austerians.

Lets read togather, SLOWLY:

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

We had 1.4T dollar deficit in 2009 because in a recession REVENUES COLLAPSE, while government spending increases.

If we will hit a recession in the next few years that will be even half as deep as the last we will be looking at around 1.7 trillion dollar deficit with a debt load quickly shooting up to 150+% of GDP.

Obama borrowed 1.15 trillion dollars a year for a grand total of 9.5 trillion during his 8 years of office. But he also had the FED print up 4.5 trillion dollars so actually Oblummer had 14 trillion dollars of debt. But you are too stupid to do the math, because you are a goose stepping, mind numbed, useful idiot of the Demoncrat party..

Aside from gross conflation of monetary and fiscal policy, Trump is borrowing at a higher rates WITHOUT A RECESSION.

If a recession hits we are looking at close to catastrophic level deficits and nothing you said actualy refutes that.

I half suspect part of you would actually enjoy that as long as it made Trump look bad.

 

[keepitreal]

What strong economy? Health care costs are destroying American families

1.A record 25% of Americans say they or a family member put off treatment for a serious medical condition in the past year because of the cost, up from 19% a year ago and the highest in Gallup's trend,” the polling outfit said in a press release. “Another 8% said they or a family member put off treatment for a less serious condition, bringing the total percentage of households delaying care due to costs to 33%, tying the high from 2014.

2.
The Kaiser survey provides a uniquely detailed analysis and is based on more than 2,000 interviews with public and private firms. It reported that annual premiums for employer-sponsored health care plans reached $20,576 this year, an increase of 5%, "with workers on average paying $6,015 toward the cost of their coverage."

The ever upward march of premiums is not the only way consumers are being devoured by an industry whose entire model is to take as much money from consumers as possible and pay out as little as they possibly can


3.Another study in the American Journal of Public Health in 2018 underlined the fact that our current health care system is actually a major driver of the nation’s wealth gap and income disparity, one that helps push millions of families into poverty.

4.This year the New York Times reported that Americans borrowed $88 billion in 2018 to cover health care costs. What ACA apologists won’t tell you is that even after passage of that landmark legislation, health care costs have continued to drive an estimated 530,000 people every year into bankruptcy. In fact, medical expenses are the leading cause of U.S. bankruptcies.

5.Altogether, the researchers estimate that MS drugs cost the Medicare program $4.4 billion in 2016 — up from $397 million a decade earlier. Patients' annual share of the cost soared from $19 million to almost $150 million,” US News and World Report reported.

6.In August, US News and World Report reported that drugs prescribed to treat multiple sclerosis, which cost $8,000 to $11,000 per year in the 1990s, now cost $80,000 a year.

7.In a study published in May of this year in the Journal of General Internal Medicine, researchers concluded that 137 million Americans struggled with medical debt. Adults under 65 (and hence not eligible for Medicare) without health insurance fared the worst. “With trends towards higher patient cost-sharing and increasing health care costs, risks of hardship may increase in the future,” the study concluded.

But, but, Obamacare

 

[AntonToo]

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

Do you know what happpens to trillion dollar deficits when economy starts heading south eventually? Did you ever even give it two thoughts?

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$1,413 $1,294 $1,300 $1,077 $680 $485 $442 $585 $665 $779 $984

Yes, we did run over trillion dollar deficits before. But so far, not DURING Trump. Obama was the deficit master whom after every deficit seems puny.

Of course back then you championed them and were calling others crazy austerians.

Lets read togather, SLOWLY:

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

We had 1.4T dollar deficit in 2009 because in a recession REVENUES COLLAPSE, while government spending increases.

If we will hit a recession in the next few years that will be even half as deep as the last we will be looking at around 1.7 trillion dollar deficit with a debt load quickly shooting up to 150+% of GDP.

Obama borrowed 1.15 trillion dollars a year for a grand total of 9.5 trillion during his 8 years of office. But he also had the FED print up 4.5 trillion dollars so actually Oblummer had 14 trillion dollars of debt. But you are too stupid to do the math, because you are a goose stepping, mind numbed, useful idiot of the Demoncrat party..

Aside from gross conflation of monetary and fiscal policy, Trump is borrowing at a higher rates WITHOUT A RECESSION.

If a recession hits we are looking at close to catastrophic level deficits and nothing you said actualy refutes that.

I half suspect part of you would actually enjoy that as long as it made Trump look bad.

Trump is a total ass-clown who was promissing to pay off all debt in 8 years (yea, really).

But it's not about Trump. It's about BAD POLICY that sets us back even further at a time when we are already facing oceans of red ink as far as the eye can see.

This is not going to end well.

 

[Mikeoxenormous]

In my accurate analogy, we are healthier than we were before Trump got into office.

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

Do you know what happpens to trillion dollar deficits when economy starts heading south eventually? Did you ever even give it two thoughts?

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$1,413 $1,294 $1,300 $1,077 $680 $485 $442 $585 $665 $779 $984

Yes, we did run over trillion dollar deficits before. But so far, not DURING Trump. Obama was the deficit master whom after every deficit seems puny.

Of course back then you championed them and were calling others crazy austerians.

Lets read togather, SLOWLY:

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

We had 1.4T dollar deficit in 2009 because in a recession REVENUES COLLAPSE, while government spending increases.

If we will hit a recession in the next few years that will be even half as deep as the last we will be looking at around 1.7 trillion dollar deficit with a debt load quickly shooting up to 150+% of GDP.

Obama borrowed 1.15 trillion dollars a year for a grand total of 9.5 trillion during his 8 years of office. But he also had the FED print up 4.5 trillion dollars so actually Oblummer had 14 trillion dollars of debt. But you are too stupid to do the math, because you are a goose stepping, mind numbed, useful idiot of the Demoncrat party..

Aside from gross conflation of monetary and fiscal policy, Trump is borrowing at a higher rates WITHOUT A RECESSION.

If a recession hits we are looking at close to catastrophic level deficits and nothing you said actualy refutes that.

Who is in charge of Congress again? If she doesnt pass the overbloated entitlement package liberals always push forward, would the government shutdown be because of her?

 

[Mikeoxenormous]

Obama borrowed 1.15 trillion dollars a year for a grand total of 9.5 trillion during his 8 years of office. But he also had the FED print up 4.5 trillion dollars so actually Oblummer had 14 trillion dollars of debt. But you are too stupid to do the math, because you are a goose stepping, mind numbed, useful idiot of the Demoncrat party..

Aside from gross conflation of monetary and fiscal policy, Trump is borrowing at a higher rates WITHOUT A RECESSION.

Iff a recession hits we are looking at catastrophic level deficits and nothing you said actualy refutes that.

Except as the numbers that I just posted show...

This is a lie. As is TRUMP being solely responsible for the budget, no blame for democrat house?

Of course not, it was fine when they spent in Obama times. What a loser whackjob we are dealing with.

Yep. Only Obama can be held responsible for bad stufff happening. When it comes to Trump it's someone else's fault.

So you are suggesting that Trump alone made the budget.

That is ludicrous, don't blame Trump for something your guys worked hard to pass.

No no, only Obama makes budgets alone. Someone else does it when Trump is in office.

Where were we? Oh yea, maxing out deficits to prime economy in good times. ******* brilliant.

Nancy Blinkie Pelosi and Dirty Harry Reid for the 1st two years of Oblummer, the brown turd, ran the deficit up over 1.4 trillion, after Nan got voted out the Republicans came in and put some brakes on the turd and then he had to use QE forever to borrow money from the FED to keep his reckless spending. Dumbasses like you have no clue what those EVIL assholes were doing to the country, and what is worse you voted the stupid ***** back in, and she is really helping stop the bad spending by wasting money trying or not trying to impeach the president. You are such and idiot.

 

[Mac1958]

Trump's combination of tax cuts and massive spending increases sure have affected the economy.

Trump is SUPER Keynes. This isn't even CLOSE.

His fans are right: He's no conservative. He blows Keynes out of the water.
.

 

[sparky]

. That is 1 trillion dollars trickling down to the rest of us.

~S~

 

[Mac1958]

 

[Flash]

What strong economy? Health care costs are destroying American families

1.A record 25% of Americans say they or a family member put off treatment for a serious medical condition in the past year because of the cost, up from 19% a year ago and the highest in Gallup's trend,” the polling outfit said in a press release. “Another 8% said they or a family member put off treatment for a less serious condition, bringing the total percentage of households delaying care due to costs to 33%, tying the high from 2014.

2.
The Kaiser survey provides a uniquely detailed analysis and is based on more than 2,000 interviews with public and private firms. It reported that annual premiums for employer-sponsored health care plans reached $20,576 this year, an increase of 5%, "with workers on average paying $6,015 toward the cost of their coverage."

The ever upward march of premiums is not the only way consumers are being devoured by an industry whose entire model is to take as much money from consumers as possible and pay out as little as they possibly can


3.Another study in the American Journal of Public Health in 2018 underlined the fact that our current health care system is actually a major driver of the nation’s wealth gap and income disparity, one that helps push millions of families into poverty.

4.This year the New York Times reported that Americans borrowed $88 billion in 2018 to cover health care costs. What ACA apologists won’t tell you is that even after passage of that landmark legislation, health care costs have continued to drive an estimated 530,000 people every year into bankruptcy. In fact, medical expenses are the leading cause of U.S. bankruptcies.

5.Altogether, the researchers estimate that MS drugs cost the Medicare program $4.4 billion in 2016 — up from $397 million a decade earlier. Patients' annual share of the cost soared from $19 million to almost $150 million,” US News and World Report reported.

6.In August, US News and World Report reported that drugs prescribed to treat multiple sclerosis, which cost $8,000 to $11,000 per year in the 1990s, now cost $80,000 a year.

7.In a study published in May of this year in the Journal of General Internal Medicine, researchers concluded that 137 million Americans struggled with medical debt. Adults under 65 (and hence not eligible for Medicare) without health insurance fared the worst. “With trends towards higher patient cost-sharing and increasing health care costs, risks of hardship may increase in the future,” the study concluded.

If you ain't doing good in this booming economy then it is your own damn fault. Quit your bitching, put down the bong and go get a job. This is a full employment economy with increasing family income and lower taxation.

You are doing a lot better than when that worthless piece of affirmative action shit Obama was President when he increased poverty, decreased family income and had dismal economic growth.

 

[Flash]

Where did the trillion dollars go?
Into the pockets of billionaires

Where did the trillion dollars come from?
Future debt burden

I got three thousand dollars of it because that is how much I saved in Federal Income Tax with Trump's great tax cut.

It is a lot better for me to have the money that I earned to spend on what I want rather than give it to some stupid bureaucrat, whose boss is a corrupt politician elected by special interest groups to give to Illegals and welfare queens.

You stupid TDS afflicted Moon Bats don't know any more about Economics than you do History, Climate Science, the Constitution, Biology or Ethics, do you?

 

[SweetTea]

That is 1 trillion dollars pumped straight back into the economy, as opposed to wasteful government programs. That is 1 trillion dollars trickling down to the rest of us.

Commerce Dept.: Companies Brought $1 Trillion Back to U.S. Under Trump Tax Cuts | Breitbart

"American companies have brought $1 trillion back to the United States since the passage of President Donald Trump’s tax cuts in 2017, according to new U.S. Department of Commerce data."

Nobody takes right wingers seriously about economics.
U.S. National Debt Clock : Real Time
that is a lousy return on investment.

Yeah right, that is why you about so many indepedents who are socially Conservative but fiscally Liberal. LOL. Fiscally liberal is idiotic...independents know that.

 

[The Purge]

-------------


Click The Pic

 

[Flash]

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$1,413 $1,294 $1,300 $1,077 $680 $485 $442 $585 $665 $779 $984

Yes, we did run over trillion dollar deficits before. But so far, not DURING Trump. Obama was the deficit master whom after every deficit seems puny.

Of course back then you championed them and were calling others crazy austerians.

Lets read togather, SLOWLY:

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

We had 1.4T dollar deficit in 2009 because in a recession REVENUES COLLAPSE, while government spending increases.

If we will hit a recession in the next few years that will be even half as deep as the last we will be looking at around 1.7 trillion dollar deficit with a debt load quickly shooting up to 150+% of GDP.

Obama borrowed 1.15 trillion dollars a year for a grand total of 9.5 trillion during his 8 years of office. But he also had the FED print up 4.5 trillion dollars so actually Oblummer had 14 trillion dollars of debt. But you are too stupid to do the math, because you are a goose stepping, mind numbed, useful idiot of the Demoncrat party..

Aside from gross conflation of monetary and fiscal policy, Trump is borrowing at a higher rates WITHOUT A RECESSION.

If a recession hits we are looking at close to catastrophic level deficits and nothing you said actualy refutes that.

I half suspect part of you would actually enjoy that as long as it made Trump look bad.

Trump is a total ass-clown who was promissing to pay off all debt in 8 years (yea, really).

But it's not about Trump. It's about BAD POLICY that sets us back even further at a time when we are already facing oceans of red ink as far as the eye can see.

This is not going to end well.

Yea right Moon Bat. Putting more money in the hands of the Americans that earned the money instead of government bureaucrats is BAD POLICY.

You idiot.

My brother in law owns a business. Trump's tax cut helped him out quite a bit. He was able to expand his business due to the tax advantage. He hired several new people. Those are people that have jobs now that didn't exist when that dipshit Obama was President.

The money he saved with Trump's tax cut created new jobs, like it was planned to do. Is that so hard for you morons to understand?

You stupid Leftist have a hard time understanding Economics, don't you? That is why your policies always fail.

 

[Harpy Eagle]

That is 1 trillion dollars pumped straight back into the economy, as opposed to wasteful government programs. That is 1 trillion dollars trickling down to the rest of us.

Commerce Dept.: Companies Brought $1 Trillion Back to U.S. Under Trump Tax Cuts | Breitbart

"American companies have brought $1 trillion back to the United States since the passage of President Donald Trump’s tax cuts in 2017, according to new U.S. Department of Commerce data."

The government still wasted the money, they just added it to the IOU.

 

[Dragonlady]

That is 1 trillion dollars pumped straight back into the economy, as opposed to wasteful government programs. That is 1 trillion dollars trickling down to the rest of us.

Commerce Dept.: Companies Brought $1 Trillion Back to U.S. Under Trump Tax Cuts | Breitbart

"American companies have brought $1 trillion back to the United States since the passage of President Donald Trump’s tax cuts in 2017, according to new U.S. Department of Commerce data."

Yes and the Corporations used that money to buy back the shareholdings of minority shareholders to further concentrate the wealth of the nation at the top. And increase the value of larger shareholdings.

There was no “trickle down”. Ever. That theory was debunked in the 1980’s. The tax cuts did NOTHING for the working poor.

 

[AntonToo]

Lets read togather, SLOWLY:

We ran trillion dollar deficits in good times before Trump got into office? Nope, don't think so.

We had 1.4T dollar deficit in 2009 because in a recession REVENUES COLLAPSE, while government spending increases.

If we will hit a recession in the next few years that will be even half as deep as the last we will be looking at around 1.7 trillion dollar deficit with a debt load quickly shooting up to 150+% of GDP.

Obama borrowed 1.15 trillion dollars a year for a grand total of 9.5 trillion during his 8 years of office. But he also had the FED print up 4.5 trillion dollars so actually Oblummer had 14 trillion dollars of debt. But you are too stupid to do the math, because you are a goose stepping, mind numbed, useful idiot of the Demoncrat party..

Aside from gross conflation of monetary and fiscal policy, Trump is borrowing at a higher rates WITHOUT A RECESSION.

If a recession hits we are looking at close to catastrophic level deficits and nothing you said actualy refutes that.

I half suspect part of you would actually enjoy that as long as it made Trump look bad.

Trump is a total ass-clown who was promissing to pay off all debt in 8 years (yea, really).

But it's not about Trump. It's about BAD POLICY that sets us back even further at a time when we are already facing oceans of red ink as far as the eye can see.

This is not going to end well.

Yea right Moon Bat. Putting more money in the hands of the Americans that earned the money instead of government bureaucrats is BAD POLICY.

Time for a little clue:

Increasing deficits by tax-cutting with absolutely no offsetting spending cuts IS NOT taking it away from buerocrats, it's simply running up the credit card bills that the Americans WILL have to pay. Yes, out of their, and their children's pockets.

Currently there is about $70,000 per-person debt (on top of all the personal debt). In 2019 we added $4000 more.

 

[MAGAman]

If runnning up defficit to pump economy during good times is such a hot idea then why don't we simply abolish taxes all togather then?

If 1 trillion dollar deficits in good times is no big deal then why not 4 trilion?

Newsflash.

Because of the tax rate cuts, the feds took in more actual tax revenues.

The deficit is caused by spending, the majority being wasted.

 

[AntonToo]

My brother in law owns a business. Trump's tax cut helped him out quite a bit. He was able to expand his business due to the tax advantage.

I don't know anything about your brother or his bussiness, it's just something some guy on the internet said. Taxes are paid on net revenues though, your brother never paid income taxes on expenses like labor coming out of the gross income.

But in general terms, yes, fiscal beligerence has it's short term upsides...before the credit line runs out, interest rates explode, economy severely contracts and your brother's bussiness dies because people can't afford luxuries like that and start to cut their own lawns.

Unless we deal with our huge long term fiscal problems this is where we are headed.

 

[AntonToo]

If runnning up defficit to pump economy during good times is such a hot idea then why don't we simply abolish taxes all togather then?

If 1 trillion dollar deficits in good times is no big deal then why not 4 trilion?

Newsflash.

Because of the tax rate cuts, the feds took in more actual tax revenues.

Newsflash. You are a total crank if you belive that free-lunch bullshit.

Trump admin said that the tax-cuts will be self financing because they will usher in 4-5% annual GDP growth, but we've had two years of just ~2.5%, down from 2.8% in 2017.

It's not very complicated - when you tax less, you collect less. Dynamic feedback effects are fractional and do not change that reality at such low rates.