Skewering of Leftist Economic "Conventional Wisdom"

[finnbow]

The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year...

In a report this week, the CBO said tax receipts are going to be lower because of the new tax law...

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president.

https://www.washingtonpost.com/news/...ion-this-year/

So much for the GOP "tax cuts pay for themselves" mantra.

[nailer]

From the GOP's perspective this comparison to Reagan isn't jarring at all. No doubt they see it as highly complementary.

[Chicks]

Ronnie would definitely find Trump jarring. He was well known to host his opponents in CA politics in his Sacramento home; had a great toy train setup, around which the boys of both parties would mingle and discuss the issues of the day. I believe he reached across the aisle in Washington this way, as well.

[Dondilion]

Trump is dumb...He claims Obama's bubble.

[finnbow]

Speaker Paul Ryan (R-Wis.) deleted a tweet on Saturday, in which he said a woman's paycheck went up by $1.50 due to the Republican tax-reform plan.

Ryan included a link to an Associated Press story in the tweet that explained how the legislation has benefited workers and corporations.

The speaker referred to Julia Ketchum, who said her $1.50 pay increase would cover her Costco membership for the year.

"A secretary at a public high school in Lancaster, PA, said she was pleasantly surprised her pay went up $1.50 a week...she said [that] will cover her Costco membership for the year," Ryan tweeted.

http://thehill.com/homenews/house/37...after-backlash

Don't spend it all in once place, sweetie. I wonder how Ivanka's tax cut compares.

[bobabode]

Originally Posted by Dondilion

Trump is dumb...He claims Obama's bubble.

Of course he does. All Trump does is take credit for other people's hard work, he's a remora.

[Chicks]

Donald J. Trump @realDonaldTrump
The Stock Market is up massively since the Election, but is now taking a little pause - people want to see what happens with the Midterms. If you want your Stocks to go down, I strongly suggest voting Democrat. They like the Venezuela financial model, High Taxes & Open Borders!
5:33 AM · Oct 30, 2018 · Twitter for iPhone



Wrong, idiot, markets up bigly today, at the prospect of democracy being restored.

[Chicks]

Bankrupt Sears gets OK to pay executives millions in bonuses

This belongs right here in this thread. The same fat cats who drove this once great company into bankruptcy somehow “deserve” these huge bonuses, so that they will stick around to guide the company through restructuring. Seems to me they are incompetent fools, who deserve to be cut off entirely, including their salary. It’s way too late to turn Sears around because of these very idiots. No doubt every one of them a “good Republican”.

https://finance.yahoo.com/news/bankr...153021108.html

[Chicks]

Perfectly fitting, isn’t it, that Trumpkin fools like Whell run off and hide, taking no responsibility for their idiotic posts, when they’re proven wrong. So very Trumpian.

[Chicks]

Why Trump's $1.5 Trillion Tax Cut Hasn’t Sparked Hiring or Investment

The evidence continues to pile up. An unmitigated disaster for the economy.

https://finance.yahoo.com/news/why-t...120826303.html