elpablo21
Supporter
- Feb 11, 2008
- 106,424
- 195,858
***Official Political Discussion Thread***
- Thread in 'General' Thread starter Started by rico x hood,
- Start date
- Mar 30, 2007
- 151,235
- 202,673
This y'all leader
- Jul 22, 2012
- 37,347
- 32,228
"Respect the office" sure. Not everyone agrees upon the elected president.
But it is hard to show respect with the type of words is spewed by that elected president.
But it is hard to show respect with the type of words is spewed by that elected president.
- Jul 20, 2009
- 64,967
- 196,191
I respect the office of President, that is why I am disgusted that Trump holds it.
- Jan 12, 2013
- 26,845
- 38,465
It doesn't take much of a genius to see why the GOP tax plan isn't thriving in popularity despite a flourishing economy.
The annual median household income in 2016 was $59,039. Wage growth has of course increased to some extent as expected under the tax cuts.
However looking at wage growth and increased tax savings in a vaccuum is shortsighted.
The official stated purpose of trickle down economics is generally providing a stimulus boost to the economy, accompanied by increases in wage growth and paying less taxes.
However what always accompanies the concept of trickle down economics is a greatly increased budget deficit. Such drastic tax cuts do not pay for themselves, have no successful history in the US of doing and presumably never will at any point in time.
Economic growth can not adequately account for the drastic shrinking of federal revenue, resulting in vast deficit increases.
When H.W Bush took over he was forced to repair the unsustainable budget situation caused by Reagan’s economic policies, “voodoo economics” as Bush sr called it.
This included raising taxes again.
Under Reagan the national debt saw a massive increase despite a prior trend indicating a shrinking national debt % of GDP.
Reagan himself eventually felt the need to raise taxes back up a little. His first budget director criticized the whole concept of supply side economics as dead wrong.
During Reagan’s tenure the US’ national debt was of course nowhere near what it is now. In spite of that, Republicans pushed ahead under the Trump administration with more voodoo economics that will not and can not pay for themselves, not even close.
On top of that the government has passed a number of huge spending packages.
Rather than ‘trickling down’ to the workers, increased corporate profits are largely spent on share buybacks.
Wage growth has been struggling to outpace inflation and there's a number of other major factors that are eating away at wage gains and tax savings for average Americans.
Probably the most significant to most Americans is rising healthcare costs. Healthcare premiums continue to rise and recent attempts to sabotage major elements of the ACA without actually replacing the law will only further aggravate those increases.
The Trump administration has made a number of destabilizing moves against the ACA such as the suspension of risk adjustment payments, slashing the CMS' funding of consumer enrollment assistance, the DOJ declining to defend key parts of the ACA, ...
Insurers have pledged higher premium increases in response to the Trump administration's disruptive efforts. Though I'd be surprised if all the major insurers weren't already salivating over an excuse to further jack up premium increases.
Then there is also the ongoing trade war that is slowly rippling through US business sectors.
Ironically those getting hit the hardest are Trump's very own supporters. Note that this graph below (source: WSJ/Moody Analytics) only applies to China's retaliatory tariffs.
There's also the Canadian, Mexican and EU retaliatory tariffs.
Farmers in particular are prime targets for retaliatory measures and they have proven to be very effective. Not in terms of getting Trump to reverse course but in terms of crippling US farmers' businesses. The impact has resulted in the Trump administration pushing forward a 12 billion dollar welfare package to provide financial aid for the US agriculture sector affected by Trump's unilateral decision to start a trade war with both allies and enemies. Whereas the US could have found common ground to unite against China, Trump instead sought to engage in a trade war with all the other major trade players at the same time and his supporters are taking the fall.
Obviously the impact of the trade war shouldn't be understated in eating away at wage gains and tax savings as well. Again, the average median household income is around $59k.
For many Americans it doesn't necessarily take much to offset such gains, if any.
While the deficit will continue spiraling out of control, Republicans will presumably push for entitlement cuts in spite of being directly responsible. I'd find it hard to believe that someone in their position would genuinely believe those tax cuts would pay for themselves at any point. Entitlement cuts could result in additional costs for lower income Americans affected by such programs.
The economy is undoubtedly doing great but a variety of metrics and factors suggest the average American is not seeing the kind of benefits one would expect from a thriving economy.
And as history suggests it is only a matter of time before taxes have to be raised again to offset the massive budget deficits caused by shrinking government revenue. Unlike Reagan's tenure the US national debt as a percentage of GDP is also higher than ever.
https://www.washingtonpost.com/busi...entirely-by-inflation/?utm_term=.2fa7c50762fd (August 10)
In U.S., wage growth is being wiped out entirely by inflation
Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle and working classes.
Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period. The average U.S. “real wage,” a federal measure of pay that takes inflation into account, fell to $10.76 an hour last month, 2 cents down from where it was a year ago.
The stagnation in pay defies U.S. growth, which has increased in the past year and topped 4 percent in the second quarter of 2018 — the highest rate since mid-2014.
The lack of wage growth has befuddled economists and policymakers, who hoped that after job openings hit record highs and the unemployment rate dipped to the lowest level in decades, employers would give beefy raises to attract and retain workers. But so far, gains have been slight, and small recent increases are being eclipsed by rising prices.
https://www.wsj.com/articles/u-s-co...-at-fastest-annual-rate-since-2012-1531398709 (July 12)
Inflation Is Eating Away Worker Wage Gains
For the second month in a row, annual inflation fully offset workers’ average hourly wage growth
The annual median household income in 2016 was $59,039. Wage growth has of course increased to some extent as expected under the tax cuts.
However looking at wage growth and increased tax savings in a vaccuum is shortsighted.
The official stated purpose of trickle down economics is generally providing a stimulus boost to the economy, accompanied by increases in wage growth and paying less taxes.
However what always accompanies the concept of trickle down economics is a greatly increased budget deficit. Such drastic tax cuts do not pay for themselves, have no successful history in the US of doing and presumably never will at any point in time.
Economic growth can not adequately account for the drastic shrinking of federal revenue, resulting in vast deficit increases.
When H.W Bush took over he was forced to repair the unsustainable budget situation caused by Reagan’s economic policies, “voodoo economics” as Bush sr called it.
This included raising taxes again.
Under Reagan the national debt saw a massive increase despite a prior trend indicating a shrinking national debt % of GDP.
Reagan himself eventually felt the need to raise taxes back up a little. His first budget director criticized the whole concept of supply side economics as dead wrong.
During Reagan’s tenure the US’ national debt was of course nowhere near what it is now. In spite of that, Republicans pushed ahead under the Trump administration with more voodoo economics that will not and can not pay for themselves, not even close.
On top of that the government has passed a number of huge spending packages.
Rather than ‘trickling down’ to the workers, increased corporate profits are largely spent on share buybacks.
Wage growth has been struggling to outpace inflation and there's a number of other major factors that are eating away at wage gains and tax savings for average Americans.
Probably the most significant to most Americans is rising healthcare costs. Healthcare premiums continue to rise and recent attempts to sabotage major elements of the ACA without actually replacing the law will only further aggravate those increases.
The Trump administration has made a number of destabilizing moves against the ACA such as the suspension of risk adjustment payments, slashing the CMS' funding of consumer enrollment assistance, the DOJ declining to defend key parts of the ACA, ...
Insurers have pledged higher premium increases in response to the Trump administration's disruptive efforts. Though I'd be surprised if all the major insurers weren't already salivating over an excuse to further jack up premium increases.
Then there is also the ongoing trade war that is slowly rippling through US business sectors.
Ironically those getting hit the hardest are Trump's very own supporters. Note that this graph below (source: WSJ/Moody Analytics) only applies to China's retaliatory tariffs.
There's also the Canadian, Mexican and EU retaliatory tariffs.
Farmers in particular are prime targets for retaliatory measures and they have proven to be very effective. Not in terms of getting Trump to reverse course but in terms of crippling US farmers' businesses. The impact has resulted in the Trump administration pushing forward a 12 billion dollar welfare package to provide financial aid for the US agriculture sector affected by Trump's unilateral decision to start a trade war with both allies and enemies. Whereas the US could have found common ground to unite against China, Trump instead sought to engage in a trade war with all the other major trade players at the same time and his supporters are taking the fall.
Obviously the impact of the trade war shouldn't be understated in eating away at wage gains and tax savings as well. Again, the average median household income is around $59k.
For many Americans it doesn't necessarily take much to offset such gains, if any.
While the deficit will continue spiraling out of control, Republicans will presumably push for entitlement cuts in spite of being directly responsible. I'd find it hard to believe that someone in their position would genuinely believe those tax cuts would pay for themselves at any point. Entitlement cuts could result in additional costs for lower income Americans affected by such programs.
The economy is undoubtedly doing great but a variety of metrics and factors suggest the average American is not seeing the kind of benefits one would expect from a thriving economy.
And as history suggests it is only a matter of time before taxes have to be raised again to offset the massive budget deficits caused by shrinking government revenue. Unlike Reagan's tenure the US national debt as a percentage of GDP is also higher than ever.
https://www.washingtonpost.com/busi...entirely-by-inflation/?utm_term=.2fa7c50762fd (August 10)
In U.S., wage growth is being wiped out entirely by inflation
Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle and working classes.
Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period. The average U.S. “real wage,” a federal measure of pay that takes inflation into account, fell to $10.76 an hour last month, 2 cents down from where it was a year ago.
The stagnation in pay defies U.S. growth, which has increased in the past year and topped 4 percent in the second quarter of 2018 — the highest rate since mid-2014.
The lack of wage growth has befuddled economists and policymakers, who hoped that after job openings hit record highs and the unemployment rate dipped to the lowest level in decades, employers would give beefy raises to attract and retain workers. But so far, gains have been slight, and small recent increases are being eclipsed by rising prices.
https://www.wsj.com/articles/u-s-co...-at-fastest-annual-rate-since-2012-1531398709 (July 12)
Inflation Is Eating Away Worker Wage Gains
For the second month in a row, annual inflation fully offset workers’ average hourly wage growth
- Jul 19, 2012
- 23,023
- 33,725
- Jul 7, 2005
- 17,876
- 8,148
LOL. Your a faithful servant champ......quite possibly foolishess but faithful nonetheless. Bless your heart.
- Jul 27, 2013
- 11,346
- 5,562
Almost as pie in the sky as impeachment at this point, but a good dream
DADDYFATSACKS
Banned
- May 28, 2018
- 6,531
- 3,527
Biscuit Woods is a clown
- Jul 7, 2005
- 17,876
- 8,148
I missed it. What did he do now?
- Jul 20, 2009
- 64,967
- 196,191
You byke doing lines on your Bible again?
Nike Jordan
Supporter
- Jun 27, 2002
- 33,964
- 81,302
- Oct 10, 2013
- 43,425
- 42,998
Lol kill yourself foreal this time
DADDYFATSACKS
Banned
- May 28, 2018
- 6,531
- 3,527
Biscuit Woods joins Kanye on the Sunken Place Mount Rushmore.
- Jul 20, 2009
- 64,967
- 196,191
Those two probably bond of stories of when they cheated on their wives with pornstars. And how much they paid them off.
Would not be surprised if these were Eskimo brothers.
- Mar 24, 2001
- 44,833
- 66,536
This quote speaks volumes
Reporters asked if Woods would say more about race relations in America and the golfer replied, “No. I just finished 72 holes and am really hungry.”
Reporters asked if Woods would say more about race relations in America and the golfer replied, “No. I just finished 72 holes and am really hungry.”
- Oct 10, 2013
- 43,425
- 42,998
Someone feed him some pain killers
- Apr 30, 2010
- 69,686
- 106,337
Not even a stretch considering they have the same type, white pornstars. Probably ran a trizzy together.
- Jul 19, 2012
- 23,023
- 33,725
You got my vote. Please help us get Chickfila to be open on Sundays also.
I hope nobody here was expecting Tiger Woods to be a voice for race relations. Like really, who among us cares what Tiger Woods thinks, about anything?
I don't even get why they asked him that.
- Jul 7, 2005
- 17,876
- 8,148
aepps20
Supporter
- Feb 8, 2004
- 42,567
- 90,846
Very proud of Tiger for his stance. Libs are losing and they want to distract us from that fact. I know Tiger would stand at attention when his President Elect watches his matches.
- Sep 18, 2003
- 61,872
- 134,135
Asking tiger woods about race relations is like asking ja rule about current world events
- Jul 20, 2009
- 64,967
- 196,191
I don't really care about Tiger's opinion on the matter but given his response to the Trump question, that seem like the reasonable question to ask.You got my vote. Please help us get Chickfila to be open on Sundays also.
I hope nobody here was expecting Tiger Woods to be a voice for race relations. Like really, who among us cares what Tiger Woods thinks, about anything?
I don't even get why they asked him that.
He said people don't have to agree with the Presidents politics to respect the office. Welp, might as well see if Tiger's and Trump's politics line up
- Apr 30, 2010
- 69,686
- 106,337
Bruh this piece of crap is 20+ years old and the price ain't never come down, and somehow for some reason you can't use any other calculator.
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