Impressed by the Trump administration part II

Not me, we could and should cut spending by 30% tomorrow, hardly anyone would even know.  Of course, that would be a large part of draining the swamp, so while Trump would support doing so, the swamp which controls the votes to do so, will not.

You are all correct, Rs don't care about deficits when an R is in office and Ds don't care when a D is in office.

However, the 32% increase in the deficit this time was the immediate after affect of tax cuts, not from an increase in spending. 

One of the biggest problems in the Federal Government is how much it spends, period. Social/Welfare programs, defense, all of it is bloated and could be cut by 1/3 each but no one has the balls to do it.

A few of this week’s WINS:

GREAT AGAIN: Middle-class income hit all-time high of $61,372... 

POVERTY DECLINES... 

USA Now Largest Global Crude Oil Producer...

Reuters (9/11, Mutikani) reports that “U.S. job openings surged to a record high in July and more Americans voluntarily quit their jobs, pointing to sustained labor market strength and confidence that could soon spur faster wage growth.”

The Wall Street Journal (9/11, Wei, Kubota, Subscription Publication) reports that China is ceasing its policy of threats and offering reassurance to US companies in order to keep foreign investment coming. China previously had threatened retaliation in return for US tariffs and said that US companies would suffer.

NAM’s Moutray: Manufacturing Job Openings Hit A New All-Time High. In a blog post for the Shopfloor (9/11), Chad Moutray, chief economist for the National Association of Manufacturers and the Director of the Center for Manufacturing Research for The Manufacturing Institute, wrote, “The Bureau of Labor Statistics reported that manufacturing job openings hit a new all-time high in July. Manufacturers posted 506,000 job openings in July, up from 475,000 in June. That was the highest reading since the Job Openings and Labor Turnover Survey (JOLTS) was introduced in December 2000.”

Nucor (NUE) Set to Expand Sheet Steel Plant in Kentucky - Nasdaq.com

https://www.nasdaq.com/.../nucor-nue-set-to-expand-sheet-steel-plant-in-kentucky-cm...

2 days ago - The company's board has approved $650-million investment for the same. The move will enhance the production capability of the plant to ...

Stop, stop …..too much winning.

What a difference from having a capitalist vs a Marxist in the WH.

posted by QuakerOats

 

Not me, we could and should cut spending by 30% tomorrow, hardly anyone would even know.  Of course, that would be a large part of draining the swamp, so while Trump would support doing so, the swamp which controls the votes to do so, will not.

everyone would know.  THe media would blow a gasket

posted by QuakerOats

 

Not me, we could and should cut spending by 30% tomorrow, hardly anyone would even know.  Of course, that would be a large part of draining the swamp, so while Trump would support doing so, the swamp which controls the votes to do so, will not.

Well, that would be a new Trump position, because we all know Trump campaigned on keeping SS the way it is as well as not eliminating Medicare. He also loves Defense and would never cut it. 

Kinda hard to cut 30% when you don't touch the biggest portions of the budget...

Believe in something

Sacrifice everything

Just do it

posted by QuakerOats

Believe in something

Sacrifice everything

 

Just do it

wat

Good Ben Carson.

https://mobile.twitter.com/SecretaryCarson/status/1039965760012132358

posted by QuakerOats

What a difference from having a capitalist vs a Marxist in the WH.

That sounds exciting.  I look forward to the day it happens.

posted by justincredible

Good Ben Carson.

https://mobile.twitter.com/SecretaryCarson/status/1039965760012132358

As always happens when tax rates are lowered – revenues increase

(CNSNews.com) - The federal government collected a record $1,521,589,000,000 in individual income taxes through the first eleven months of fiscal 2018 (October 2017 through August 2018), according to the Monthly Treasury Statement released today.

Have a great weekend.

posted by O-Trap

That sounds exciting.  I look forward to the day it happens.

 

Sorry you missed it.

posted by QuakerOats

 

 

Believe in something

Sacrifice everything

 

Just do it

Well, Nike did do a new record for how much their stock is worth yesterday!

https://www.foxbusiness.com/retail/nike-hits-all-time-high-after-kaepernick-ad-backlash

posted by QuakerOats

Sorry you missed it.

If it's ever happened, then it was before we were born, so we've all missed it.

posted by Heretic

Well, Nike did do a new record for how much their stock is worth yesterday!

https://www.foxbusiness.com/retail/nike-hits-all-time-high-after-kaepernick-ad-backlash

In b4 Quaker attributes this to Trump's economy.

posted by Heretic

Well, Nike did do a new record for how much their stock is worth yesterday!

https://www.foxbusiness.com/retail/nike-hits-all-time-high-after-kaepernick-ad-backlash

Oh the stock market means something now?

posted by Spock

Oh the stock market means something now?

Hey, if folks like you and QQ can play the buttfuckingly retarded game of pretending every single instant gratification moment you see in the business section means !!!NOTHING BUT WINNING!!!, might as well add on to it!

lawl! Where did this all go wrong?!

posted by QuakerOats

 

As always happens when tax rates are lowered – revenues increase

You do realize this is fake news, right?

You do understand that individual collections are up, but TOTAL revenues (the number that, you know, actually matters) are about $80B LOWER?

You're starting to sound like Boatshoes with this crap.

There is nothing fake about it.  And as for corp taxes I do not think we have begun to feel the effects of the repatriation of a couple trillion dollars, which will spin off tens, if not a couple hundred, billions in tax receipts.

Hard to argue with pure numbers.

posted by QuakerOats

Hard to argue with pure numbers.

That doesn't appear to be stopping you.