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We should be balancing the budget right now. Where is the balanced budget amendment?
That will never happen, we will never work to bring the deficit down either. It's spend, spend, spend and one day in the future it will bite us in the butt with high interest rates, high inflation and high unemployment. Neither party is interested in making the real tough decisions which will really make America great again, they are only interested in making everyone feel good now. Kick the can down the road is the philosophy.
We need to vote them all out. With a solid economy we should be dealing with the debt.
I agree, we need to cut spending and raise taxes. The economy is perfect for this, like The Derp has pointed out in the short run it would slow the economy down. In all reality, which party wants to take credit for slowing down the economy?
Maybe with term limits politicians would actually make the tough decisions to benefit us in the long run, I'm not sure, what are your thoughts?
I would be fine if they cut some spending and simplified taxes in a revenue neutral manner.
I would like to see corporate welfare go away, that will have a negative impact on the economy initially however, if we can wean them off the government then we would have healthier businesses and a healthier government. I definitely agree that we need to simplify the tax code.
Please explain what the debt has to do with the economy? Because y'all lied about its effect on the economy just 7 years ago with your "Growth in the Time of Debt" horseshit white paper you used as your excuse to enact austerity.
I wish I had time to teach you macroeconomics here, but I really don't. There is a correlation between inflation and debt-to-GDP ratio which effects economic growth. There is debate on where that critical point is reached but suffice it to say that if you continue to run trillion-dollar deficits, you will reach it shortly. Once hyperinflation starts to happen it gets ugly fast and it's not easy to reverse. What that means to morons like you is, on top of what you consider "stagnant wages" you'll then be paying 3x or 4x as much for groceries and other goods and services.
We need to get another thing cleared up here. There is no magical way for a politician or party to enact a policy that instantly makes the economy great. IF they could, then every politician, whether Republican or Democrat, would simply enact the magic policy right before election time. The BEST anyone can do is enact policies which will encourage economic prosperity and growth, and it may take time.
Please explain what the debt has to do with the economy? Because y'all lied about its effect on the economy just 7 years ago with your "Growth in the Time of Debt" horseshit white paper you used as your excuse to enact austerity.
I wish I had time to teach you macroeconomics here, but I really don't. There is a correlation between inflation and debt-to-GDP ratio which effects economic growth. There is debate on where that critical point is reached but suffice it to say that if you continue to run trillion-dollar deficits, you will reach it shortly. Once hyperinflation starts to happen it gets ugly fast and it's not easy to reverse. What that means to morons like you is, on top of what you consider "stagnant wages" you'll then be paying 3x or 4x as much for groceries and other goods and services.
We need to get another thing cleared up here. There is no magical way for a politician or party to enact a policy that instantly makes the economy great. IF they could, then every politician, whether Republican or Democrat, would simply enact the magic policy right before election time. The BEST anyone can do is enact policies which will encourage economic prosperity and growth, and it may take time.
Please explain what the debt has to do with the economy? Because y'all lied about its effect on the economy just 7 years ago with your "Growth in the Time of Debt" horseshit white paper you used as your excuse to enact austerity.
I wish I had time to teach you macroeconomics here, but I really don't. There is a correlation between inflation and debt-to-GDP ratio which effects economic growth. There is debate on where that critical point is reached but suffice it to say that if you continue to run trillion-dollar deficits, you will reach it shortly. Once hyperinflation starts to happen it gets ugly fast and it's not easy to reverse. What that means to morons like you is, on top of what you consider "stagnant wages" you'll then be paying 3x or 4x as much for groceries and other goods and services.
We need to get another thing cleared up here. There is no magical way for a politician or party to enact a policy that instantly makes the economy great. IF they could, then every politician, whether Republican or Democrat, would simply enact the magic policy right before election time. The BEST anyone can do is enact policies which will encourage economic prosperity and growth, and it may take time.
No matter how well you explain it, some don't have a clue and will never have a clue.
Providing for the general welfare is Constitutional, providing for the general warfare is not.That will never happen, we will never work to bring the deficit down either. It's spend, spend, spend and one day in the future it will bite us in the butt with high interest rates, high inflation and high unemployment. Neither party is interested in making the real tough decisions which will really make America great again, they are only interested in making everyone feel good now. Kick the can down the road is the philosophy.
We need to vote them all out. With a solid economy we should be dealing with the debt.
I agree, we need to cut spending and raise taxes. The economy is perfect for this, like The Derp has pointed out in the short run it would slow the economy down. In all reality, which party wants to take credit for slowing down the economy?
Maybe with term limits politicians would actually make the tough decisions to benefit us in the long run, I'm not sure, what are your thoughts?
I would be fine if they cut some spending and simplified taxes in a revenue neutral manner.
I would like to see corporate welfare go away, that will have a negative impact on the economy initially however, if we can wean them off the government then we would have healthier businesses and a healthier government. I definitely agree that we need to simplify the tax code.
[Why do I need to constantly repeat myself, the economy would hurt in the short run, in the long run, the government being fiscally sound would benefit us in the long run. That is why it will never fly, neither party wants to make a tough call because it is very unpopular.
What does the fiscal state of the government have to do with consumer spending and demand? Nothing. You're trying to tie them together because you are a fool with no clue of what you're saying.
Short term the debt doesn’t hurt the economy, long term it will create issue that will effect all of us citizens.
[Why do I need to constantly repeat myself, the economy would hurt in the short run, in the long run, the government being fiscally sound would benefit us in the long run. That is why it will never fly, neither party wants to make a tough call because it is very unpopular.
What does the fiscal state of the government have to do with consumer spending and demand? Nothing. You're trying to tie them together because you are a fool with no clue of what you're saying.
I never said it did. Can you comprehend what I am posting?
Short term the debt doesn’t hurt the economy, long term it will create issue that will effect all of us citizens.
As the debt-to-GDP ratio increases, debt holders, such as China could demand larger interest payments. Diminished demand, which is happening now with China, for U.S. Treasurys would further increase interest rates. That would slow the economy. Lower demand for US Treasurys would also devalue the dollar, that means foreign countries would get paid back less which in turn would lessen the demand for the Securities. Lower demand for Treasurys also puts downward pressure on the dollar. That's because the dollar's value is tied to the value of Treasury Securities. As the dollar declines, foreign holders get paid back in currency that is worth less. That further decreases demand. Also, many foreign holders of U.S. debt are investing more in their own countries. That means interest rates would increase. Which would increase the debt and the cycle continues. Also, we cannot continue to borrow against the SS fund. We are already in trouble for dipping into that trust account and soon with added people going on to SS, that will break the bank so to speak. Then we get into real trouble.
Short term nothing, long term higher inflation, higher interest, slower economy.
If we pay down the debt with higher taxes and less spending, short term it will hurt the economy for the reasons you stated, long term we will have lower interest rates, the dollar would remain strong and the retirement accounts of those that paid into SS will be stable.
The other option is to default on our loans and as the largest economy of the world, we would bring the world economy down.
As far as reducing taxes today, that would hurt the European countries and trade. The US companies would be more competitive worldwide, which would help the deficit as more taxes are collected on the goods sold overseas. More goods sold, means higher production and more Americans working. I’m not saying that is a good idea but that would be a positive behind the cuts. Remember Obama kept the tax cuts in place because it helped to stimulate the economy. The big downside is the deficit would grow putting us over the edge long term.
So now that you know high-debt-to-GDP ratios do not harm economic growth...
This is false and you've not established otherwise..
So now that you know high-debt-to-GDP ratios do not harm economic growth...
This is false and you've not established otherwise.
It's so counter-intuitive, it's hard to believe any moron would dare to argue it.
Rising debt drives interest rates and interest rate increases drive inflation. Inflation stifles economic growth. Any flunking first-year economics student could tell you this... that's how utterly simple it is. Even the retards in the econ class get this one. But then, you didn't make it out of the Special Ed trailer, did ya?
Derp...Derp... fap...fap...fap! ...Me Gusta!
Of course, he's probably very pissed given that he KNOWS that the policy will work, which will make Trump more popular. That's probably the real reason for resistance. Besides that the policy rewards the hard working and I am getting the sense that this guy would not fall into the category of hard working, if working at all.
Ireland's current economy experiences contraction 33% of the time.
If you think that's good, then you're just talking out of your ass.
Ireland set for fastest euro zone growth for fourth year in a row
If I were you, I'd leave this thread now because your ego is not going to be able to handle the constant hits it keeps taking. That's why you double down on your false conclusions; because you're an egomaniac who needs validation on internet message boards just to make it through the day.
The only thing this will do is flood more wealth up to the top 5% of our population and they will just offshore it.
If I were you, I'd leave this thread now because your ego is not going to be able to handle the constant hits it keeps taking. That's why you double down on your false conclusions; because you're an egomaniac who needs validation on internet message boards just to make it through the day.
Sorry, I think I missed the portion of that post which pertains to the thread topic and keeps it from violating forum rules about trolling and harassing. I'd hate for you to get reported to the mods.
Your opinion piece by the BBC doesn't prove anything.
Your argument was that businesses don't take tax rates into consideration when making decisions.
NO! What I said what that businesses don't determine whether or not they will expand or invest based on what the profit tax is, because expanding and investing happens before one single red cent of profit is taxed. So not only did you completely and deliberately misrepresent my position, you also belied your lack of experience and knowledge about business expansion and investment. That's because you rush through your responses and do sloppy work.
Your argument was that corporate tax rate cuts don't help the economy.
They don't. Ireland's wage growth is below almost every EU nation, the unemployment rate is higher than the UK, and the economy contracts 33% of the time. That;s why those businesses that relocate to Ireland aren't expanding into the Irish market. They're just passing their profits through there. That's why Ireland's wage growth sucks, it's unemployment is high, and its economy contracts 1/3 of the time.
In fact, Ireland's economy contracted by -3.5% in Q1 of 2017, and GDP Growth Rate in Ireland averaged 1.35 percent from 1997 until 2017
That's a good economy? It's worse than Obama's growth rate - 1.76%
Your'e a fucking joke. It's like, all anyone has to do is just the minimal amount of critical thinking and effort to disprove all the shit you say.
he Celtic Tiger shows you're wrong on both counts.
Oh, you mean the Celtic Tiger that experiences economic contraction 33% of the time? Or the Celtic Tiger economy that averaged 1.35% growth the last 20 years? It's not a Celtic Tiger, it's a Celtic kitten.
Ireland set for fastest euro zone growth for fourth year in a row
Too bad it's not helping Ireland's actual economy any, as it experienced an economic contract of 3.5% in the first quarter of this year.
And no argument from me that corporate profits and the incomes of the 1% are soaring there. It's the same thing that happened here that you previously excoriated Obama for. So you're just a double-talking hypocrite.
In fact, over the last 20 years, Ireland's only managed an average growth of 1.5%...which is less than Obama's GDP growth rate.
Ireland can't attract any internal investment. So all those businesses relocating their pass-throughs there aren't actually expanding into the Irish market. And why would they? Ireland's economy contracts 33% of the time, it's unemployment rate is high, and wages are among the lowest and slowest growing in all of Europe.
So now that you know high-debt-to-GDP ratios do not harm economic growth...
This is false and you've not established otherwise.
It's so counter-intuitive, it's hard to believe any moron would dare to argue it.
Rising debt drives interest rates and interest rate increases drive inflation. Inflation stifles economic growth. Any flunking first-year economics student could tell you this... that's how utterly simple it is. Even the retards in the econ class get this one. But then, you didn't make it out of the Special Ed trailer, did ya?
Derp...Derp... fap...fap...fap! ...Me Gusta!
Which is why corporations rushed to expand in Ireland. Because investment is pre-tax......but, wait.....
profit is post-tax. They must have decided higher post-tax profit is better than lower post-tax profit, eh?
And yet, their economy has grown much, much faster than those other EU nations, since the tax cut.
And their unemployment rate is much lower than before the tax cut.
The gap between Irish and UK unemployment is much, much lower than before the tax cut.
and the economy contracts 33% of the time
Ireland set for fastest euro zone growth for fourth year in a row
Ireland set for fastest euro zone growth for fourth year in a row
