Even if Trump was a Superman, there are certain structure issues that no one, he or anyone else, will be able to fix even if he wins the upcoming election (assuming the election happens): a $32 trillion national debt with a $2 trillion a year deficit, 30% of U.S. tax receipts going toward debt interest payments alone, and 20 million illegal Democrat voters let into the country in just the past 4 years.
Agreed. And for one fact listed, the vast number of illegals, I do not think Trump is going to make it. The GOP, POS that they are, simply cannot surmount that amount of additional voters. And because the Dems will maintain the White House and Senate, and take the House I feel certain the Dems will stay in control for a very long time. Dark days ahead for this Nation.
Both parties will bring dark days to our Nation. Have you forgotten all the "bipartisan" massive spending bills, often pushing every left-wingnut program you could find? Just the fact neither party can come up with anyone better than the two previous losers just shows how corrupt and hollowed out both parties are.
Wholly agreed. And to answer, no. I have not and will not forget or forgive either side of the aisle for their reckless spending. But that is only a fraction of my anger for the whole damn bunch. Fuck every one of them. They don't and haven't worked for the American people in a very long time. People can say what they want, but I won't be voting again. Not this cycle or any cycle in the future. As you pointed out, there is no one to vote for. It does not matter what they say. Once in office they ALWAYS play ball and are bought out by Lobbyists.
End the endless wars, eh? Seems like we got that promise last time and . . .wait for it . . .4 years later not a single war was ended, even though all could have been shut down by Executive Order, as Congress has never declared war since 1941. Politicians are liars and so you'll be lucky to see 20% of these objectives put in place. Trump made his corporate tax cuts permanent, but personal tax cuts temporary. I'm sitting out this election too. Neither party cares at all about what the Constitution says. Both parties are happy to shuffle my tax dollars to Israel, Ukraine, and now Taiwan. A pox on both their houses. They will both destroy the currency; only the speed is different and even that is closing.
Would have like to have seen your usual stories instead of politician promises. Might as well believe in Santa Claus.
I’d like to pay less taxes, but how is cutting taxes (already historically low) going to help the country? In my opinion that would be more of the same policy that won’t solve our current challenges.
The USA is a/the global super power with economic and political interests all over the world. Our navy controls every ocean, and protects every major shipping lane (no other country or empire has ever been able to achieve this). As a result, we are a big target. We need to get used to low level wars and conflicts.
Historically low? Prior to 1914, not one single American paid ANY income tax. Then they passed it by claiming only something like 0.2% of the population would pay it. By FDR, not only were most paying income taxes, the government started taking it before you even saw it.
Historically, meaning in the past 50 years, not ever. The country was very different in 1914. Part of the problem is government spending and accumulated debt and associated interest payments. We can complain about that, but where do we go from here?
Off the cliff. Nixon destroyed the last vestige of gold backing, so now the Dollar is a 100% fiat currency. Fiat currencies all die. That is simple fact. It takes awhile sometimes, but politicians love to spend without limits, especially with the Fed accommodating them for years with near 0% rates. With only two political parties and both wed to spending like there is no tomorrow, perhaps the solution is to find a better country to move to. This one's better days are long behind it. We produce very little and import virtually everything. The Emperor has no clothes and it is only a matter of time before the rest of the world notices and acts accordingly. BRICS is a start in that direction.
When people have more money in their pockets, they buy more goods and services. More goods and services eventually means more hiring and more new businesses starting up. All those pay more taxes. If you raise taxes, people stop spending and the reverse happens. Instead of more tax money raised, it usually drops. People look for tax havens to shield their money from taxes instead of investing.
And how do high tariffs aimed at China make things better for the working class who will ultimately pay for them at retail, along with sales tax? If factories and jobs were going to magically appear in this country, temporary tariffs might still smell but be endured. We all know this isn’t going to happen. So the fix is temporary like drugs, calming for the moment then causing more trouble.
As for ending wars; a great idea though we are already being entertained by our supposed “realist” VP newbie calling for “punching” Iran hard while the conventioneers scream hosannas to the thought of war with China. Worse, rumors (prayerfully wrong one can hope) from inside sources indicate Trump is considering Pompeo, Haley and several other Think Tanks for War neocon sponsored foreign policy apparatchiks. All we need with this crew is a John Bolton reprise.
Jamie Dimon at the FED? Or wherever. Fox/henhouse anybody?
Yes, the Dems are awful. And at the thin margins Trump may be a bit better. But those expecting proof that Trump gets it, would do well to practice deep breathing techniques.
Tariffs were what made American Industry what it was during World War II and after. Then, some idiot economists started talking about the wonders of "free trade". What they didn't tell Americans was that the trade was free to Asia, but those manufacturing jobs were going to go bye-bye forever. One of the first acts of the First Congress was a tariff to stop our dependence on Great Britain. You can thank Clinton and the GOP Congress for letting China into the WTO, but honestly we shouldn't have been in it either.
Tariffs went steadily down from 1946-1980 from 14% to 5%. So much for high tariffs. And every tariff is paid by the same working class whose jobs are gone and not coming back until we have sound money, debt repudiation and a reformation of fractional reserve banking without out FED bailout insurance and a new Glass Steagall on steroids.
"most of the world depended on us." Not OUR problem. This is what has gotten us into more trouble than anything else. Put America First and let the rest of the world take care of themselves. Low tariffs equals high imports. There's a reason there's very little of the middle class left. Service jobs simply do not cut it and the manufacturing jobs were willingly exported to the country with the lowest pay and lowest benefits. It is a race to the bottom.
You are all over the place. You say tariffs “made American industry what it was after WWII” then when given the fact that tariffs kept going down from 1946-80 you ignore that we were the only nation for a couple of decades that had the ability to produce what was needed. It had little to nothing to do with tariffs. In today’s world high tariffs on things consumers purchase are not going to create factories that don’t exist. They are a tax on those service workers you say you care about.
Tax cuts causes people to spend more, meaning businesses expand and new businesses start up. More new jobs and new businesses mean more tax revenue, not less. Raise taxes and watch everyone stop spending or park money in a tax haven. This is hardly investing or good for the country. And if politicians will continue to pump up the deficit, you best buy durable goods with your dollars now, because the Republicrats will destroy the value of them.
I would vote for him just to poke the other two super corrupt political parties. The question is not if he has a chance, but is he the best candidate. The liars in the two parties would claim you are wasting your vote. I would argue to waste your vote if you don't vote for the most qualified candidate, regardless.
Even if Trump was a Superman, there are certain structure issues that no one, he or anyone else, will be able to fix even if he wins the upcoming election (assuming the election happens): a $32 trillion national debt with a $2 trillion a year deficit, 30% of U.S. tax receipts going toward debt interest payments alone, and 20 million illegal Democrat voters let into the country in just the past 4 years.
Agreed. And for one fact listed, the vast number of illegals, I do not think Trump is going to make it. The GOP, POS that they are, simply cannot surmount that amount of additional voters. And because the Dems will maintain the White House and Senate, and take the House I feel certain the Dems will stay in control for a very long time. Dark days ahead for this Nation.
Both parties will bring dark days to our Nation. Have you forgotten all the "bipartisan" massive spending bills, often pushing every left-wingnut program you could find? Just the fact neither party can come up with anyone better than the two previous losers just shows how corrupt and hollowed out both parties are.
Wholly agreed. And to answer, no. I have not and will not forget or forgive either side of the aisle for their reckless spending. But that is only a fraction of my anger for the whole damn bunch. Fuck every one of them. They don't and haven't worked for the American people in a very long time. People can say what they want, but I won't be voting again. Not this cycle or any cycle in the future. As you pointed out, there is no one to vote for. It does not matter what they say. Once in office they ALWAYS play ball and are bought out by Lobbyists.
Peter,
Unfortunately, the medicine we took for the last financial crisis was really poison that is setting in the table for the next, much bigger problem.
They are hiding economic tumult using inflated asset prices and fake employment data.
Trump is going to get the blame not the praise.
Just like they want.
Slight correction. Build originate with lobbyists, not the house or senate.
End the endless wars, eh? Seems like we got that promise last time and . . .wait for it . . .4 years later not a single war was ended, even though all could have been shut down by Executive Order, as Congress has never declared war since 1941. Politicians are liars and so you'll be lucky to see 20% of these objectives put in place. Trump made his corporate tax cuts permanent, but personal tax cuts temporary. I'm sitting out this election too. Neither party cares at all about what the Constitution says. Both parties are happy to shuffle my tax dollars to Israel, Ukraine, and now Taiwan. A pox on both their houses. They will both destroy the currency; only the speed is different and even that is closing.
Would have like to have seen your usual stories instead of politician promises. Might as well believe in Santa Claus.
I’d like to pay less taxes, but how is cutting taxes (already historically low) going to help the country? In my opinion that would be more of the same policy that won’t solve our current challenges.
The USA is a/the global super power with economic and political interests all over the world. Our navy controls every ocean, and protects every major shipping lane (no other country or empire has ever been able to achieve this). As a result, we are a big target. We need to get used to low level wars and conflicts.
Historically low? Prior to 1914, not one single American paid ANY income tax. Then they passed it by claiming only something like 0.2% of the population would pay it. By FDR, not only were most paying income taxes, the government started taking it before you even saw it.
Historically, meaning in the past 50 years, not ever. The country was very different in 1914. Part of the problem is government spending and accumulated debt and associated interest payments. We can complain about that, but where do we go from here?
Off the cliff. Nixon destroyed the last vestige of gold backing, so now the Dollar is a 100% fiat currency. Fiat currencies all die. That is simple fact. It takes awhile sometimes, but politicians love to spend without limits, especially with the Fed accommodating them for years with near 0% rates. With only two political parties and both wed to spending like there is no tomorrow, perhaps the solution is to find a better country to move to. This one's better days are long behind it. We produce very little and import virtually everything. The Emperor has no clothes and it is only a matter of time before the rest of the world notices and acts accordingly. BRICS is a start in that direction.
When people have more money in their pockets, they buy more goods and services. More goods and services eventually means more hiring and more new businesses starting up. All those pay more taxes. If you raise taxes, people stop spending and the reverse happens. Instead of more tax money raised, it usually drops. People look for tax havens to shield their money from taxes instead of investing.
Ah, the dreams we dream.
And how do high tariffs aimed at China make things better for the working class who will ultimately pay for them at retail, along with sales tax? If factories and jobs were going to magically appear in this country, temporary tariffs might still smell but be endured. We all know this isn’t going to happen. So the fix is temporary like drugs, calming for the moment then causing more trouble.
As for ending wars; a great idea though we are already being entertained by our supposed “realist” VP newbie calling for “punching” Iran hard while the conventioneers scream hosannas to the thought of war with China. Worse, rumors (prayerfully wrong one can hope) from inside sources indicate Trump is considering Pompeo, Haley and several other Think Tanks for War neocon sponsored foreign policy apparatchiks. All we need with this crew is a John Bolton reprise.
Jamie Dimon at the FED? Or wherever. Fox/henhouse anybody?
Yes, the Dems are awful. And at the thin margins Trump may be a bit better. But those expecting proof that Trump gets it, would do well to practice deep breathing techniques.
Tariffs were what made American Industry what it was during World War II and after. Then, some idiot economists started talking about the wonders of "free trade". What they didn't tell Americans was that the trade was free to Asia, but those manufacturing jobs were going to go bye-bye forever. One of the first acts of the First Congress was a tariff to stop our dependence on Great Britain. You can thank Clinton and the GOP Congress for letting China into the WTO, but honestly we shouldn't have been in it either.
After the war most of the world depended on us.
Tariffs went steadily down from 1946-1980 from 14% to 5%. So much for high tariffs. And every tariff is paid by the same working class whose jobs are gone and not coming back until we have sound money, debt repudiation and a reformation of fractional reserve banking without out FED bailout insurance and a new Glass Steagall on steroids.
"most of the world depended on us." Not OUR problem. This is what has gotten us into more trouble than anything else. Put America First and let the rest of the world take care of themselves. Low tariffs equals high imports. There's a reason there's very little of the middle class left. Service jobs simply do not cut it and the manufacturing jobs were willingly exported to the country with the lowest pay and lowest benefits. It is a race to the bottom.
You are all over the place. You say tariffs “made American industry what it was after WWII” then when given the fact that tariffs kept going down from 1946-80 you ignore that we were the only nation for a couple of decades that had the ability to produce what was needed. It had little to nothing to do with tariffs. In today’s world high tariffs on things consumers purchase are not going to create factories that don’t exist. They are a tax on those service workers you say you care about.
Tax cuts without the accompanying spending cuts is inflationary because it requires money printing to make up the deficit.
Tax cuts causes people to spend more, meaning businesses expand and new businesses start up. More new jobs and new businesses mean more tax revenue, not less. Raise taxes and watch everyone stop spending or park money in a tax haven. This is hardly investing or good for the country. And if politicians will continue to pump up the deficit, you best buy durable goods with your dollars now, because the Republicrats will destroy the value of them.
Thanks for covering this.
You don't think RFK, Jr. has a chance?
I would vote for him just to poke the other two super corrupt political parties. The question is not if he has a chance, but is he the best candidate. The liars in the two parties would claim you are wasting your vote. I would argue to waste your vote if you don't vote for the most qualified candidate, regardless.
RFK, Jr. is a radical leftist who's only good on one issue.
Is this before or after CoV-3?
No one is falling for that again.
Jamie Dimon for Treasury???