Supply-Side Economics

[bobabode]

Originally Posted by whell

That's assuming low economic growth, no spending controls and a tax base that doesn't get wider. That's not what's happening, though.

Just like your dire assessment last week that Trump's tax cut caused a "1000 point drop in the Dow" (the Dow has erased 1/2 of those losses in the last two days and will continue its upward trend because the long term outlook for continued growth is positive), you're demonstrating your understanding of the economy is limited to Dem talking points.

Weak sauce, Mike.

[whell]

Originally Posted by bobabode

Weak sauce, Mike.

Leave it to you to suggest that the truth is "weak".

[Pio1980]

http://www.talkradio1370.com/.a/6a00...86cf695970d-pi

[Pio1980]

Reagan and Graham-Rudman cut taxes on the backs of military dependents and retirees by renegening on contracted benefits.
I do not understand this love affair the military has with the Repub's and him. One of the reasons I don't vote for them.
It seems iirc the Dem's never tried to do that crap on us.

[Pio1980]

That tax cuts shit is working so well in Kansas, let's put the country in the same condition, cash out, and skip town. Why not, horray for us, fuck all you losers.

[icenine]

I remember when Obama was President Whell was a big deficit hawk 'round these parts.
What happened?

[finnbow]

Originally Posted by icenine

I remember when Obama was President Whell was a big deficit hawk 'round these parts.
What happened?

He's now become a full-blown Trump sycophant, defending every idiotic thing that his Dear Leader does.

[donquixote99]

Alas, I get so little welfare you will be sorely disappointed at the savings.

And I won't starve noticeably, adding to your always-bitter frustration....

[Rajoo]

So how does the supply side economics justify a $10-$30 Million parade? The estimate is from WH's Mick Mulvaney, who by the way has claimed he would not have voted for the recently passed budget if he was still in the House.

I say privatize this stinking parade.

Trump’s military parade would cost between $10 million and $30 million, White House budget director says

https://www.washingtonpost.com/news/...=.37edcff83ffa

[finnbow]

A massive deficit will be President Donald Trump's legacy, financial strategists are warning as the U.S. budget is expected to rise to accommodate the government's spending plan.

"My view is that this fiscal expansion is probably the most foolhardy escapade in modern economic policy history," Albert Edwards, an ultra-bearish global strategist at Societe Generale, said in a client note Wednesday.

While agreeing that he felt U.S. corporate taxes were anomalously high, Edwards criticized the timing of the fiscal stimulus as "utterly ridiculous" and warns it "will only accelerate the collapse of U.S. financial markets as the Federal Reserve hikes rates even more quickly."

With the current growth picture in the U.S. — unemployment at a 17-year low and wages and company earnings steadily strengthening — a double-dose of fiscal stimulus is the last thing that is needed and threatens to seriously overheat the economy, numerous analysts and politicians are saying...

"U.S. wage and price inflation are rising briskly, putting intense downward pressure on financial markets," Edwards said in the note, adding that "the post-mortem will identify President Trump's ludicrously timed fiscal stimulus as a key trigger for the collapse."

https://www.cnbc.com/2018/02/15/expe...d-unsound.html