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All smartbuydisc.rus > World News Nonsense > Budget Battles: Tax Spending Myths Realities > Budget Battles: Tax & Spending Myths & Realities (page 21)
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Posted - Feb 22 2018 : 9:35AM

I agree with a lot of what this article says, but bottom line, talking about bringing thousands of white-collar jobs to an area is never a money-loser. At least not politically.

 
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Posted - Mar 7 2018 : 1:54PM


those damned Hollywood and San Francisco Libruls will stop at nothing to wreck this country!
 
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Posted - Apr 3 2018 : 12:36AM
Last month it was teachers in West Virginia...

More here:
 
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Posted - Apr 5 2018 : 12:02PM

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Posted - Apr 11 2018 : 3:23AM

Everybody who's shocked at this, raise your hand:
sleepty.jpg
Edited by - Smiler Grogan on 4/11/2018 3:23:45 AM
 
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Posted - Apr 11 2018 : 9:26PM

Edited by - Smiler Grogan on 4/11/2018 9:27:44 PM
 
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Posted - Apr 21 2018 : 9:30PM
 
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Posted - May 3 2018 : 8:01AM
^
And Colorado.

But remember, Trump and the Repubs are all about that Democracy thing!
 
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Posted - May 16 2018 : 1:11PM
^

 
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Posted - May 16 2018 : 10:05PM
Given their name - Republicans - we shouldn't expect them to be about that Democracy thing.

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Posted - Jun 12 2018 : 5:47PM

This isn't supposed to be happening when the economy is good. But it is happening because the economy isn't good, unless you are a one-percenter, and even more so if you are a one-tenth-of-one-percenter.
"The tax cuts will pay for themselves!" Yes, that was a lie, and anyone with even a shred of knowledge about how our tax system operates knew it. Those people who were telling us this knew these were lies. But once again, the politicians and billionaires have bamboozled an ignorant populace, and these poor brainwashed/uneducated souls don't even know that they were fooled. When the shit hits the fan, they will listen to Fox News tell them it was the Democrats and Obama's fault. Fox will tell their viewers that Trump is doing his best with a broken system, and the viewers will eat that shit sandwich.
 
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Posted - Jun 12 2018 : 6:42PM
^Many of them have been voting against their own self-interests for years. Because socialism.

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Posted - Jun 12 2018 : 6:57PM
Sadly, I don't think they know what socialism is. They think it means their tax money goes to black people and Mexicans. And lazy poor people. But they think lazy poor people are blacks and Mexicans. In a nutshell.

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Posted - Jun 12 2018 : 7:05PM
Actually Black unemployemnt is at a record low. And the tax cut has paid for itself with the growth in GDP. With socialism you surrender incentive to perform. Capitalism rules. Yes, some people rise to the top, but the same thing happends with socialism. The difference is with capitalism people make their own choices, with socialism it is non-producing politicians that rise to the top.
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Posted - Jun 12 2018 : 7:57PM
See? People don't know what socialism is.

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Posted - Jun 12 2018 : 10:05PM
And you do?

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Posted - Jun 12 2018 : 11:06PM
No.
 
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Posted - Jun 13 2018 : 11:40AM
Facts. Inconvenient Things.

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Posted - Jun 13 2018 : 6:03PM
^^ Macko, that's more of a spending issue article. They look at deficits over a fiscal year issue, when the tax law was not passed until almost three months into the fiscal year. And to look at one month of spending is silly, again it's a spending issue, where it was mostly funds committed after the omnibus, and not actually yet spent. My comment was related to GDP growth, which has only ticked up in this quarter, and so the revenues have not been realized yet. As you well realize, these affects take a little time. I am anxtious to see what the deficit is at the end of this fiscal year, but next year will undoubtedly be much lower.
^ Yeah, facts matter and you know nothing about them as you well indicated by your comment.

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Posted - Jun 13 2018 : 7:29PM
^Tax receipts have dropped. From the article:
There is no evidence that tax cut is paying for itself.
Not sure why you're saying there's been an increase in the GDP. 2017 Q3 - 3.2, 2017 Q4 - 2.9, 2018 Q1 - 2.2. It's been a downward trend the last 3 quarters.

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Posted - Jun 15 2018 : 12:00PM
So you are again going back to quarters in 2017 before the tax bill was passed and took effect. But all the forecasts for Q2 are way up.

And I did say the growth just showed in this quarter.
Edited by - tripper on 6/15/2018 12:04:23 PM

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Posted - Jun 15 2018 : 8:37PM
^I didn't realize you were talking about forecast. I was referring to actuals. My original point is that there's no evidence that the tax cut will be paying for itself. It's still way too early to see.

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Posted - Jun 15 2018 : 9:20PM
I thought it was pretty clear when I was talking about the uptick being in the current quarter. There is evidence, these forecasts are not fiction. I also said I am anxious to see the actual deficit numbers at the end of the fiscal year.
Edited by - tripper on 6/15/2018 9:28:49 PM

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Posted - Jun 15 2018 : 11:00PM
^To quote a wise man who sometimes posts here
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Posted - Jun 26 2018 : 12:45PM
^
 
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Posted - Jun 26 2018 : 1:21PM

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Posted - Jun 30 2018 : 11:37PM

You simply continued qouting Bullshit from before the tax law was even passed.
Well my discussion was clearly speaking about Q2 2018, so if you did not realize it was about forecasts that speaks for itself about your lack of knowledge on these subjects. And if you don't think a Federal Reserve Bank estimate for Q2, made in mid June, two weeks before the quarter ends, is a fact, then you really don't understand the real world.
Good luck with your baiting.
Edited by - tripper on 6/30/2018 11:40:39 PM

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Posted - Jul 2 2018 : 5:16PM
I don't mean to shock anyone, but Trump's economic advisor, Larry Kudlow is spreading lies!


What the CBO has to say about this lie, as well as the boneheaded narrative that the TCJA will "pay for itself".
[link inactive:404 - Page not found]Link
...and to make matters even worse, the CBO analysis has not factored in the damage we have yet to see with Trump's tariff idiocy.

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Posted - Jul 18 2018 : 3:03PM
I knew it was bad, and I've been saying it for a while. It's worse than bad. From the White House Office of Management and Budget:

Commentary:
Tax cuts will pay for themselves? The tax cuts are good for the economy? Anyone with at least half a fucking brain knew that that is bullshit. The sad thing about all of this is that there is so much other nonsense going on in the White House, this news will be heard like a whisper in Grand Central Station at peak hour.
 
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Posted - Sep 17 2018 : 1:59PM


New U.S. import taxes imposed at the urging of the White House have created a double whammy of higher prices for Missouri businesses and lost opportunities for the state’s farmers and ranchers. Trade wars are neither good nor easy to win, and Missourians are now suffering. Unfortunately, it appears he has learned nothing from his failures.
A July op-ed in these pages, “Trump steel tariffs bring hope, prosperity back to Granite City,” should worry Missouri families who are paying the price for this failed trade strategy. That op-ed’s author, White House trade advisor Peter Navarro, said this year, “I don’t believe any country will retaliate” against new U.S. taxes on imported goods. Since then, every single one of our country’s largest trading partners have retaliated against the United States. The U.S. response? More tariffs.
The destructive trade rules advocated by Navarro represent a return to protectionist policies that haven’t been seen in the United States on this scale since the Great Depression. Protectionism means the government attempts to “protect” some industries from international competition by imposing trade barriers that impose hidden costs on other industries.

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Posted - Sep 19 2018 : 10:38PM
Anyone who still believes the constant flow of economic bullshit coming out of the White House needs to wake up.
 
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Posted - Oct 18 2018 : 2:58PM
^
Mitch McConnell is all like
Man I am SHOCKED! If only someone could have predicted this was going to happen!

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Posted - Oct 18 2018 : 4:50PM
This is a grand time to revisit the first few posts to this thread, seven and a half years ago.
Goldstein:
 
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Posted - Nov 14 2018 : 2:12AM
Welp here we go: they are coming to both my former hometown (NYC) and my current one (Arlington)
Crystal City, (which Amazon will now dub "National Landing" WTF???) is right next to Reagan National airport. It used to be a drab ugly place filled with Soviet-style office buildings, but now it's livened up in the last decade with painted buildings, artscapes, trendy restaurants, etc.
No hard numbers yet, but apparently there will be anywhere from $600 to $800 in tax breaks. For Amazon. For the rest of us, our property taxes are going to go WAY the fuck up! Capitalism baby!!

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Posted - Nov 14 2018 : 3:51AM
^Interesting quote from the article you linked:
I’m curious what sorts of measurements are used to decide if there’s a net benefit or burden from extending these subsidies, but I wouldn’t be too surprised if these deals turned out to be bad for the municipalities giving these corporate handouts. And these deals will get worse for the governments as robots at these fulfillment centers take the jobs that Amazon promised.

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Posted - Nov 14 2018 : 7:49AM
^ Agree, I have never seen any clear information on how those numbers are calculated.
Another interesting note, I thought companies liked to move to lower cost of living areas. We had a couple of thousand six figure government jobs moved to my area about five years ago. The government moved these operations out of the DC area specifically to get the employees in a lower cost of living area, and it helped them a lot. Suddenly there were a bunch of Virginia and Maryland license plates in the nicer neighborhoods.
 
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Posted - Nov 27 2018 : 4:36PM


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Posted - Nov 28 2018 : 3:15AM
^From the linked AP article:
Barra started working at GM at 18, and worked her way up the ladder. She knows her company and her industry. I can only imagine what she was thinking when she got this amazing piece of advice from the President.
If I recall correctly, the business councils that he put together at the start of his term fell apart quickly because of shit like this. CEOs weren’t too happy about sitting around a meeting table while the stupidest person in the room would tell all of these smart, accomplished and very busy people what they could do to improve their companies.

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Posted - Nov 28 2018 : 11:30AM
^
Sadly, I think that his stupidity is one of the reasons he is so popular. People identify with him. He's Archie Bunker in a bar, telling everybody how easy it would be to solve the problems in the Middle East by just nuking it back to the Stone Age. Yay! How come those idiots in Congress can't think of that?

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Posted - Dec 13 2018 : 5:13PM
February 2016

Today:
[link inactive:404 - Page not found]US Budget Deficit Hits Record $204.9 Billion for November
While I certainly don't think most Trump supporters really believed he would eliminate the national debt, I think most believed that his economic policies would help to reduce our deficits. Wrong again.
 
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Posted - Feb 9 2019 : 9:19AM



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Posted - Feb 9 2019 : 10:33AM
As I posted here 15 months ago (page 19):
That's the big picture.
 
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Posted - Feb 12 2019 : 1:49PM
Teachers in Denver on strike.
 
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Posted - Feb 12 2019 : 4:28PM
^
This must be the angry Blue-state teachers. Remember, they are doing for the students.

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Posted - Feb 12 2019 : 5:41PM
^No, they're doing it for themselves because they feel they deserve more pay for the work that they do.
 
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Posted - Feb 14 2019 : 9:38PM

But, surely, they can just talk to their friendly neighborhood banker and explain the situation and get grandma to bake him a pie and stuff.

 
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Posted - Feb 15 2019 : 12:22AM
I was having a little fun. Whenever we have one of these teacher strikes you'll find signs telling you they're doing it for the kids or they'll be feeding the local reporter the same message. I come from a family of public school teachers. Guessing I have about 15 relatives who were/are in the profession. They do important work & deserve to be fairly compensated. But, the doing it for the students bull is always chuckle worthy. Hey just google it, you'll see the doing it for the kiddies signs magically appear.
 
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Posted - Feb 15 2019 : 12:28AM
Sadly, not surprised people are no more financially responsible now than they were 10 years ago. You can parcel out the blame any way you like.

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Posted - Feb 15 2019 : 2:21AM
Oh, yeah. Ten years ago.

I was taking a grant writing seminar and was talking to one of the other participants who worked with the homeless in a town south of here. She had some real stories. The one that stuck for me was a family who owned a pizza place in a tiny town. When the economy tanked, business dried up and they lost their house. Mom, Dad, and the kids living in a car.

And the story in the newspaper about the CEO who was now working at See's Candies in the mall.

And the people using food stamps who were wearing expensive new sneakers and drove away in a nice car. Don't they know when you lose your job and have to get unemployment or food stamps, you're supposed to throw away your cell phone and all your nice stuff, and go to a thrift store and get clothes with holes in them? And never buy a birthday cake at the grocery store bakery again, only dried beans and skim milk.


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Posted - Feb 15 2019 : 6:31PM
Amazing how there is so much content in the article, as well as the articles linked in that article. There's so much to learn and understand from the data as well as the analysis done on the data. But rather than read and understand the work of people who study these sort of things for a living, with a dismissive wave of your hand, you just blame the delinquencies on people being financially irresponsible. Zero indication that you read or understood the article, because you already had the answer in your own head, right?


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