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The downturn in the market and economy ...

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Soaring Eagle 74

Freshman
Jan 4, 2008
22,888
69
0
... will probably reduce government revenues and accelerate debt.

Doesn’t bode well for Trump’s promise to eliminate the debt in 8 years.

The debt was $19.9T when Trump took office in 2017. My guess is it will be $24T when he leaves office in 2021.
 
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WVUCOOPER

Redshirt
Dec 10, 2002
55,556
40
31
Soaring Eagle 74 said:
... will probably reduce government revenues and accelerate debt.

Doesn’t bode well for Trump’s promise to eliminate the debt in 8 years.

The debt was $19.9T when Trump took office in 2017. My guess is it will be $24T when he leaves office in 2021.
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Hopefully we learn from thes disastrous protectionist trade policies AND don't blame the tax cuts. I don't hold out much hope.
 
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WVUBRU

Freshman
Aug 7, 2001
24,731
62
0
WVUCOOPER said:
Hopefully we learn from thes disastrous protectionist trade policies AND don't blame the tax cuts. I don't hold out much hope.
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The tax cuts are horrendous for the debt and the long term health of the economy. They are part of the equation. Trade policies are presently more impactful to the current health of the market, earnings projections and the path of the next few quarters. I will agree with that.
 
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WVUCOOPER

Redshirt
Dec 10, 2002
55,556
40
31
WVUBRU said:
The tax cuts are horrendous for the debt and the long term health of the economy. They are part of the equation. Trade policies are presently more impactful to the current health of the market, earnings projections and the path of the next few quarters. I will agree with that.
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Meh. Agree to disagree on the business tax cuts. I'll agree with you on the individual tax cuts. That said, one of the major reasons for the corporate tax cuts, capital investment in the US, is being COMPLETELY wiped out by trade policies. L O f'n L. "But he's a business man". :flush:
 
M

moe

Junior
May 29, 2001
32,865
287
83
Soaring Eagle 74 said:
... will probably reduce government revenues and accelerate debt.

Doesn’t bode well for Trump’s LIE to eliminate the debt in 8 years.

The debt was $19.9T when Trump took office in 2017. My guess is it will be $24T when he leaves office in 2021.
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Fify
 
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Boomboom521

Redshirt
Mar 14, 2014
20,115
6
0
Really, this is the biggest mindfvck of this Presidency to me.....as big as the fact people trust the con-artist billionaire is crazy to me, at least I can understand the “outsider” argument. But how the hell a GOP President is so quickly going against what seems like fundamental conservative fiscal policy to the delight of passionate conservatives is just as perplexing as all get out. Shama be hamma a boppity boom
 
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bamaEER

Freshman
May 29, 2001
32,435
60
0
Boomboom521 said:
Really, this is the biggest mindfvck of this Presidency to me.....as big as the fact people trust the con-artist billionaire is crazy to me, at least I can understand the “outsider” argument. But how the hell a GOP President is so quickly going against what seems like fundamental conservative fiscal policy to the delight of passionate conservatives is just as perplexing as all get out. Shama be hamma a boppity boom
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There's nothing conservative about him. Protectionist economic policy combined with a global tariff war is doom.
 
W

WVUCOOPER

Redshirt
Dec 10, 2002
55,556
40
31
Boomboom521 said:
Really, this is the biggest mindfvck of this Presidency to me.....as big as the fact people trust the con-artist billionaire is crazy to me, at least I can understand the “outsider” argument. But how the hell a GOP President is so quickly going against what seems like fundamental conservative fiscal policy to the delight of passionate conservatives is just as perplexing as all get out. Shama be hamma a boppity boom
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But he's mean to da libz.
 
S

Soaring Eagle 74

Freshman
Jan 4, 2008
22,888
69
0
WVUCOOPER said:
Hopefully we learn from thes disastrous protectionist trade policies AND don't blame the tax cuts. I don't hold out much hope.
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The debt was $1T when Reagan took office and is about $22T now. I believe we’ve proven beyond any doubt that tax cuts for the wealthy don’t stimulate the economy enough to generate offsetting revenues.

I’m for spending cuts, but federal spending also stimulated the economy.

What we need is a death tax to start paying down the debt.
 
S

Soaring Eagle 74

Freshman
Jan 4, 2008
22,888
69
0
WVUCOOPER said:
Meh. Agree to disagree on the business tax cuts. I'll agree with you on the individual tax cuts. That said, one of the major reasons for the corporate tax cuts, capital investment in the US, is being COMPLETELY wiped out by trade policies. L O f'n L. "But he's a business man". :flush:
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I think we should eliminate federal corporate income taxes. Think of the intellectual horsepower we would release if the people devoting their efforts to avoiding corporate taxes could focus on improving business fundamentals. Corporations are tax collectors, not taxpayers anyway.
 
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Mntneer

Sophomore
Oct 7, 2001
10,192
196
0
Soaring Eagle 74 said:
The debt was $1T when Reagan took office and is about $22T now. I believe we’ve proven beyond any doubt that tax cuts for the wealthy don’t stimulate the economy enough to generate offsetting revenues.

I’m for spending cuts, but federal spending also stimulated the economy.

What we need is a death tax to start paying down the debt.
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Don't like trickle down but like trickle up? :rolleyes:

You want to pay down the debt with a death tax? Then lets just seize the entire wealth of the top 0.1% in this country, combine it with a hunger games like show where we hunt the top 0.1% and broadcast it on TV. Double dip on the death tax AND broadcast revenues. [thumbsup]
 
R

roadtrasheer

All-Conference
Sep 9, 2016
18,640
2,855
113
Taxes & death are guaranteed...oh wait we the government have spent to much ...lets tax you after death ...whats the problem with only spending what we make ? Every one of them in office is corrupt to the bone , they may go in with an ounce of integrity but after the first term they have been corrupted by power (money ) if we follow the money we can bet on what they will vote for...
 
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Soaring Eagle 74

Freshman
Jan 4, 2008
22,888
69
0
Mntneer said:
Don't like trickle down but like trickle up? :rolleyes:

You want to pay down the debt with a death tax? Then lets just seize the entire wealth of the top 0.1% in this country, combine it with a hunger games like show where we hunt the top 0.1% and broadcast it on TV. Double dip on the death tax AND broadcast revenues. [thumbsup]
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Your share of the debt is $179,000. Assuming you were born before 1980, 95% of this debt was accumulated during your lifetime. Rather than dump it on your children, pay your share at your death. Don’t be a deadbeat dad.

I don’t have kids, but I hate the idea of dumping my share on yours.
 
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WVU82_rivals

Senior
May 29, 2001
199,091
696
0
lol...

this entire thread about economics...

from idiots that couldn't pass high school math...


 
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WVUCOOPER

Redshirt
Dec 10, 2002
55,556
40
31
Soaring Eagle 74 said:
Your share of the debt is $179,000. Assuming you were born before 1980, 95% of this debt was accumulated during your lifetime. Rather than dump it on your children, pay your share at your death. Don’t be a deadbeat dad.

I don’t have kids, but I hate the idea of dumping my share on yours.
Click to expand...
 
DvlDog4WVU

DvlDog4WVU

All-Conference
Feb 2, 2008
47,366
3,521
113
Soaring Eagle 74 said:
Your share of the debt is $179,000. Assuming you were born before 1980, 95% of this debt was accumulated during your lifetime. Rather than dump it on your children, pay your share at your death. Don’t be a deadbeat dad.

I don’t have kids, but I hate the idea of dumping my share on yours.
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I’ll cut a check tomorrow. Death tax is ********. It’s money that’s already been taxed.
 
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NCNEER

Junior
May 29, 2001
18,964
357
0
Soaring Eagle 74 said:
... will probably reduce government revenues and accelerate debt.

Doesn’t bode well for Trump’s promise to eliminate the debt in 8 years.

The debt was $19.9T when Trump took office in 2017. My guess is it will be $24T when he leaves office in 2021.
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My guess is he leaves before 2020. Hear is a trailer of trump being ask why he thought he could screw America. Pelosi and Mueller holds his fate and he knows it.
 
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Soaring Eagle 74

Freshman
Jan 4, 2008
22,888
69
0
NCNEER said:
My guess is he leaves before 2020. Hear is a trailer of trump being ask why he thought he could screw America. Pelosi and Mueller holds his fate and he knows it.
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Love that movie. Every time something dangerous was going on, Vincent was in the toilet.
 
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bamaEER

Freshman
May 29, 2001
32,435
60
0
Boomboom521 said:
The extent of wit from the bushiest beaver east of the Mississippi. Recon he done gots nothin to add, but laughin at dem datgum fools no how.

I bet you’re literally just a big *****
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He never did get any wood on the ball.
 
atlkvb

atlkvb

All-American
Jul 9, 2004
83,691
7,878
113
Soaring Eagle 74 said:
Better move to Russia then ‘cause you’ve been living under Keynesian economics your whole life. Government deficit spending to stimulate the economy.
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Hey John Maynard Keynes. How much debt could government run up if the private sector wasn't supplying its revenues first? Utterly mind numbingly amazing stupidity how to you Socialist Leftists, there is no economy unless government is spending wildly by running up debt! [eyeroll] Of course the real problem always is taxpayers aren't paying enough, or they're keeping too much of what they earn. It's never government spending too much...oh noooo!

Taxpayers are smart enough to generate enough revenue to fund all of the money government wastes and then some, ah but they're too stupid to keep what they earn while government refuses to live within its means. Why are the people who pay the bills always the problem? Seems to me you Socialists ought to be thanking them (taxpayers) instead of blaming them for your inability to be frugal with what they allow YOU leeches to spend.

Tax the rich....evil corporations should pay more...the wealthy should be punished for having too much! Try running Leviathan on what you folks earn or produce on your own against profit driven competition. Oh...I almost forgot...Government doesn't make anything or have any profit based competition. Maybe that's why you all waste so much of everyone else's hard earned money, then complain you're not being given enough? :angry:
 
atlkvb

atlkvb

All-American
Jul 9, 2004
83,691
7,878
113
Soaring Eagle 74 said:
will probably reduce government revenues and accelerate debt
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What debt would government have if it cut spending to meet revenues? How come 3 trillion dollars isn't enough to spend without running up debts? Who wastes that kind of money?

Wait...don't answer that...
 
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