#547291
Boro Friend wrote: his fiscal polices are good for the county,


There is no evidence for this statement. He has exploded the debt for a temporary boost that never really changed the course of anything except the debt and inflation. That's about what you expect when you borrow from the future to increase demand in an already strong economy.

Also, Obama gave the Iranians back their money. It was held by us, but not actually available to us.
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By norton
#547294
Worth the watch and listen. Pull up a chair and consider. https://www.youtube.com/watch?v=0SAjwF3F-4k
#547344
Presidents always seem get sucked into increasing spending. Actually the combination of the lessening of regulations and tax cuts has had an impact on the economy . We where already starting to turn it around and that time table seems to have increased. I believe there are cases for an appropriate amount of regulation. The problem is that folks who are unaccountable to us ,don't know when to stop. Congressional over site is a big joke. Congress allows the regulatory agencies to do their job for them. Big problem.
#547431
CNN reports that for the first time in 20 years that there is more jobs then workers to fill them. Unemployment rate is down to 3.8%.
#547432
The question is whether we would have gotten there without the big tax break, which is the real reason for the problem of increased deficits and inflation. We got to where we were going a little faster, but at what cost?

Trump did not get "sucked into more spending". He said he was going to cut taxes and he did. He also tried to tell us supply side economics was going to work and the cuts would pay for themselves, which is false theory and now proven once again to be false reality.

The bottom line is that when an economy is growing, deficits should be reduced. Anything less is failure to manage correctly.
#547433
The economy is growing and the deficts may never get reduced. Not sure many people ,including Congress from both parties ,really care about that. I do .
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#547442
Boro Friend wrote:The economy is growing and the deficts may never get reduced. Not sure many people ,including Congress from both parties ,really care about that. I do .

Without reducing spending it will never happen. Tax reduction works only if the spending is reduced. The idiots in congress don't get it. 5% across the board is too little too late IMO.
By Phaedrus
#547451
The last time the budget was balanced began with the Bush 1 tax increase. The plunge back into deficits began with the Bush 2 tax cuts.

Tax cuts should come from a position of surplus, not deficit. We have swallowed the lies of supply side economics since Reagan and that's where the deficits and debt exploded.
#547469
Phaedrus wrote:The last time the budget was balanced began with the Bush 1 tax increase. The plunge back into deficits began with the Bush 2 tax cuts.

Tax cuts should come from a position of surplus, not deficit. We have swallowed the lies of supply side economics since Reagan and that's where the deficits and debt exploded.

What are these lies you think you swallowed? Supply side works if it is done right. Like I said, it will never happen unless the idiots cut spending.
The budget itself was never balanced. The so-called "primary budget" had a surplus between 1998-2001. The main reason for the surplus was a dramatic reduction in federal spending due to the end of the Cold War. Revenues as a share of GDP did not begin to rise above 1980s levels until the economy took flight during the dot-com boom. Meanwhile, federal spending began to decline immediately after the fall of the Soviet Union in 1991, bottoming out as a share of GDP in 2001. Add to the equation the interest rate on the debt fell almost 1% over that 10 years.
If you borrowed money at 8.472% and that rate declined every year for 10 years down to 7.243% in 2009 the lowest out of the ten years and then 2000 7.628% that is a significant savings.

https://www.mercatus.org/system/files/H ... search.pdf
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