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Death Wish: Rising Debt + Rising Rates
Have they all lost their collective minds? Look I get that some people are leaning Democrat versus Republican and vice versa and that’s fine, but what exactly are voters getting? If, on the one hand, you think Democrats tax and spend too much you get Republicans on the other hand who cut taxes with disproportional benefit to the top 1% and then spend even more. Fiscal conservatives? Please.
In early February the US government was already scheduled to borrow nearly $1 trillion this year.
Mark Levin pummels all Swamp creatures: ‘They’re spending like drunken Marxists’
Elected officials passed “the Swampiest of the Swamp budgets.”
Posted February 12, 2018 by Phil Shiver
On Monday night, LevinTV host Mark Levin refused to discuss the Obama portraits or the media slobbering over Kim Jong Un’s sister on his radio program, instead taking aim at the bigger issue of our day: the eye-popping government spending of taxpayer money.
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I think a lot of this babble about the tax cuts is a lot of political warfare between the left and right to effect the whatevers for the left and right to keep us all in a froth.
If individuals who earn enough to be counted in the top 1%, 5% OR 10% would I think see more in their paychecks than an individual earning $70k a year.
The usa it is true charged more tax on corporations. I can see lower corporation taxes to endise those who fled the USA, holding trillions of dollars off shore a good thing. What's missing in the conversation is that industries receive subsidy's. They reap rewards from states and locals within states around tax breaks. Corporations get by with a bunch of stuff. My goodness just think that in a roundabout way the wool has been pulled over citizens. Suppose the powers to be both in gov't and corporations knowing that a possible WWIII could break out in Asia. Those corporations that are located there would be at risk. So the tax break is truly just another subsidy for moving back to the good old USA.
Gov't and corporations have morphed into the same thing. Its a Corporatocracy made up of oligarchs.
Now if the 1%, 5% or 10% live in Blue states with high property tax they will pay more due to the 10k cap limit on the fed return.
No way does our household even come close to that cap.
The increase in the deficit, debt, constant CR's, no fiscal restraint, no off-setting and no balanced budget is of concern to me. The looming unfunded liabilities another concern as well the 1 trillion dollar + student loan bubble.
Rising interest rates a concern for inflation. Inflation seems to me hurts the working class and those of us who are retired would feel real pain.
Now that corporations and small business' get a tax break to make them more competitive will they now shutter the EX-IM Bank? No they want.
Trade agreements another source of concern. Has POTUS made gains in renegotiating NAFTA or what about CAFTA?
I do wish that fig newtons mfg would return to the USA from Mexico.
This increase was due to a REAL President being elected in November 2016, even before the tax cuts. Downside, the Deficit continued to be oppressive . . . . but, "priming the pump" has always caused perspiration.
Just wait will we have a solid 3-4%+ GDP growth for multiple quarters.
Patricia, you summed up very nicely what roadblocks stand in the way and the challenges facing our nation.
Imagine for a moment all businesses decided to let their employees who have no knowledge, skill or experience, negotiate, make agreed upon decisions on how to run those companies.
Without a doubt the companies would fail.
Statist governing outside its limited Constitution enumerated powers .....
That's exactly what the inexperienced Corporatocracy Federal government (politicians and bureaucrats, lawyers, lobbyists) have been doing for years, micromanaging our banking system and economy to it's demise.
Corporatocracy political negotiating, trying to fix what they destroyed .....
There goes that extra take home pay.
AM912, Yes just imagine what you say and all should chew on the thoughts you wrote. Add to it we are now witnessing the same type characters from the streets in "mob rule" methods attempting to run the gov't. The gov't (includes those other members of the Corporatocracy) slightly different in that it holds immense powers and the toy's to use to protect its powers. Would be ugly when they unleash those toys against its citizens. They would and at some point I predict will. The very people who are being motivated to destroy the persons on the right will eventually have to reign in their foot soldiers of the left.
The rule of law is at a fast pace being destroyed. No matter what class one falls in rule of law and belief in within classes is disappearing.
No rule of law and trust in will result in tyranny by the overclass. Our country is headed towards what seems to be a total breakdown. Its insane.
Where are the good people?
"Where are the good people?" Great question! I believe we have seen the "trickle down" effect not only in bad politics but peoples behavior in general- America has become a "monkey see monkey do" society... Since Clinton (and before) morality/ethics in America has taken a dump. I was always taught to respect government officials.... but that was long ago in a far away land...when they deserved it...
From President Bush all the way to the last White House days of President O@#$@...O^&&@$#%... hold on, having a hard time typing out ITS name as a president... to un-president Obama...they had the economy crashing to the ground at near the speed of light. President Trump is way smart and knows not to hit the brakes too hard. I can't help but wonder what it would be like if WE gave Trump a majority Senate Presidency. I understand this too well...the mainstream media is the 'white powder' sniffed through the nose of people blinded by Liberalism. How else can the democrat representatives move their lips and people believe them? It's the mainstream media, aka, cocaine of the news.
Michael, I sure hope that voters deliver a majority of Republicans in the midterms for both the senate and house.
Even if we had a 60 vote majority in the Senate, our "Sloth" Majority Leader would find some way to screw it up, and then there's always McLame and Barney Fife from South Carolina to screw things up.
The only thing worse than that would be Democrats with a 60 vote majority as they stick together through thick and thin, while attempting to end our Republic.
I believe perfection is achieved one step at a time. At least a 60 vote majority in the Senate would be a step forward. I think. There will always be RINOs. Maybe at the same time we produce a 60 vote majority we could take out the RINOs. I know, asking for a lot.
No, I think you are asking for a miracle.
Pretty evident the political parties are the creators, funders and enablers of the deep state.
The problem we face ... there is a shortage of educated, principled constitutional conservatives. The political deep state fights tooth and nail to make sure the constitutional conservatives have a small voice in government.
What's wrong with asking for a miracle?
"The political deep state fights tooth and nail to make sure the constitutional conservatives have a small voice in government. "
We need a hard hitting constitutional conservative hammer...like Reagan. Could that hammer be Trump? It is clear, to me at least, that Trump is not a pure political partier. The republican party is the closest thing to his principals is all. His number one principal is WINNING. Before he decided to go for the job of President of the United States of America, his principal of winning was for himself. Now that he is President, I believe his principal of winning if for the people's constitution. Do we, or should we, adopt a 'do or die' attitude towards President Trump, supporting him come hell or high water.......like the democrats do with their leaders? We shouldn't let the Deep State, locked and loader with a mainstream media, pit us against Donald Trump, who happens to be the President. It's time to go all the way. Come hell or high water.
Winning what Michael?
Trump is the NATIONAL "Lets make a Deal" business man.
Heck, he doesn't even cite the Constitution when making decisions because he believes in negotiating. Is the Constitution negotiable?
Heck, I'm still waiting for the president to execute the law by using his Attorney General to "lock" them all up.
Searching for the truth or information usually will usually answer all my questions to form a clearer picture of why the constitutional hammer will not be used by the President, his administration, federal agencies and both political parties.
You ask a lot of questions that could be answered in some of my posts. Unfortunately I believe you like wearing your blinders.