colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
- 14,843
- 1,465
Great point. We also have record low interest rates in a growing economy. That is unheard of. The main tool to combat downturns and recession is to lower interest rates. If and when the economy starts to decline we will not have the tool to turn it back around, lower interest rates. Trump is stealing money from the future to bribe his minions today. They are too stupid to see the future consequences.And you know this how? You can give an accurate number of what revenue would have been without them? How much income/ spending would have transpired?We would be collecting far more without the tax cuts.
Which is why we have trillion dollar deficits.
We had trillion dollar deficits before the tax cut.
The last time we had a trillion dollar deficit was 2012 when unemployment was 7-8%. We now have trillion dollar deficits when unemployment is 3.5%. If Trump can’t balance the budget with the lowest unemployment rate in decades, then he will never eliminate the deficit.
This. The only thing left is quantitative easing if the economy slows down or god forbid contracts. We are so screwed.