Supply-Side Economics

[whell]

Originally Posted by finnbow

This doesn't square with your several comments about how Trump is attempting to reduce spending. I'd call it very charitable to characterize his ridiculous budget proposal as a serious attempt at anything...

Sure it does, if you're not suffering from near-sightedness. The book on whether there will or will not be significant budget reductions hasn't been written yet. Hell, VOX is freaking out about "shocking cuts" in the recent budget proposal, but even Vox can figure out that a lot of what's in the budget proposal isn't going to become reality.

Originally Posted by finnbow

The rest of your post is simply bullshit. Huge tax cuts are needed in a robust economy, that despite its robustness, is still running huge deficits? You're a complete idiot when it comes to matters economic.

Yeah, your fellow travels in the mainstream press are screaming about this, but let 'em scream. Hell, I encourage them to scream. Its awesome to hear the left scream about budget deficits, even if they only do it when a Repub is in office. I'll be more interested to see what comes out of Congress over the next few months. I suspect there will be some compromises about the Dreamer issue, which will allow the Dems to not bitch too much about budget reductions. But I strongly suspect there will be substantive proposals for budget reductions forthcoming. And if there aren't, I'll be right there screaming with you, Finn....just without the girly voice.

[finnbow]

Originally Posted by whell

...But I strongly suspect there will be substantive proposals for budget reductions forthcoming. And if there aren't, I'll be right there screaming with you, Finn....just without the girly voice.

I guessed you missed the fact that the Senate, House and Trump signed a 2-year budget deal adding $400 billion in spending. There won't be any substantive budget reductions forthcoming, particularly not the idiotic drivel in Trump's budget proposal. It's DOA. Period.

As for the $1.5 trillion tax cut, you cannot find a single reputable economist who supports it. All agree that it is exactly the wrong thing to do at this time. Corporate tax reform? Certainly. $1.5 trillion in unfinanced tax cuts? Completely idiotic at this point in the business cycle.

[whell]

Originally Posted by finnbow

As for the $1.5 trillion tax cut, you cannot find a single reputable economist who supports it. All agree that it is exactly the wrong thing to do at this time.

LOL! You're right. Couldn't find just one. But I did find 137.

https://www.cnbc.com/2017/11/29/137-...ommentary.html

[finnbow]

Originally Posted by whell

LOL! You're right. Couldn't find just one. But I did find 137.

https://www.cnbc.com/2017/11/29/137-...ommentary.html

Everyone supported corporate tax reform. That ain't what happened. What finally passed wasn't tax reform, it was budget-busting tax cut with nary a reform in sight.

[whell]

Originally Posted by finnbow

Everyone supported corporate tax reform. That ain't what happened. What finally passed wasn't tax reform, it was budget-busting tax cut with nary a reform in sight.

Uh huh. How'd you like that last line in the letter:

Your vote throughout the weeks ahead will therefore put more money in the pockets of more workers.

In fact, I didn't see the word "anecdotal" or "anecdote" anywhere in that letter.

[finnbow]

Originally Posted by whell

Uh huh. How'd you like that last line in the letter:

Your vote throughout the weeks ahead will therefore put more money in the pockets of more workers.

In fact, I didn't see the word "anecdotal" or "anecdote" anywhere in that letter.

It's funny to watch people like you defending profligate government spending by Trump and the GOP that is now far more liberal than anything the Democrats have ever even considered.

[whell]

Originally Posted by finnbow

It's funny to watch people like you defending profligate government spending by Trump and the GOP that is now far more liberal than anything the Democrats have ever even considered.

Except that we ran a surplus last month, so if I were you I'd quit hyperventilating until all the facts are in. Surprised you're not hyperventilating about the inflation numbers that came in today, that the news is freaking out about. Funny that the inflation numbers came in lower (0.5%) than one year ago (0.6%), but folks like you will probably find a way to blame tax policy for it, even though that policy hadn't kick in yet in January.

In the meantime, here's another "reputable" economist suggesting we'll be in the neighborhood of 3% GDP growth in 2018.


"Faster economic growth over most of the past year has tightened labor and product markets and helped to boost prices at a faster pace," David Berson, chief economist at Nationwide, said in a note. "We expect real GDP growth this year to be around 3 percent — faster than trend and supportive of higher inflation."

https://www.cnbc.com/2018/02/14/us-c...-jan-2018.html

[bobabode]

Originally Posted by whell

....just without the girly voice.

There you go projecting again...

[donquixote99]

Originally Posted by whell

Sure it does, if you're not suffering from near-sightedness. The book on whether there will or will not be significant budget reductions hasn't been written yet. Hell, VOX is freaking out about "shocking cuts" in the recent budget proposal, but even Vox can figure out that a lot of what's in the budget proposal isn't going to become reality.



Yeah, your fellow travels in the mainstream press are screaming about this, but let 'em scream. Hell, I encourage them to scream. Its awesome to hear the left scream about budget deficits, even if they only do it when a Repub is in office. I'll be more interested to see what comes out of Congress over the next few months. I suspect there will be some compromises about the Dreamer issue, which will allow the Dems to not bitch too much about budget reductions. But I strongly suspect there will be substantive proposals for budget reductions forthcoming. And if there aren't, I'll be right there screaming with you, Finn....just without the girly voice.

Proposals for reductions? Those are $.50/ton, and your vocal cords are safe, if that's enough. I would think though you'd be insisting on actual reductions--if you hew to your principles.

I assume you hope to save billions by starving all the welfare queens?

[whell]

Originally Posted by donquixote99

I assume you hope to save billions by starving all the welfare queens?

You got that right, queenie.