Well down another 500+ points today how much has the felon cost  the market so far in less than 75 days?I think it’s north of 2000 points lost from the all time high (under Biden’s watch btw) ehh?tired of winning yet?I know some who aren’t tired that would be the likes of putin XI little Kim the Iranian mullas they are absolutely delighted us Americans not so much.

2 hours ago, placeholder said:

I guess you failed to address the tax cut issue and fake Republican claims that tax cuts pay for themselves because you have no grounds to stand on to refute it.

The united states has a spending problem.  Do you think the 1.8 to 2 trillion dollar deficit can be closed with taxation? 

39 minutes ago, Tug said:

Well down another 500+ points today how much has the felon cost  the market so far in less than 75 days?I think it’s north of 2000 points lost from the all time high (under Biden’s watch btw) ehh?tired of winning yet?I know some who aren’t tired that would be the likes of putin XI little Kim the Iranian mullas they are absolutely delighted us Americans not so much.

 

You’re such a dork.  

1 hour ago, Mike_Hunt said:

The united states has a spending problem.  Do you think the 1.8 to 2 trillion dollar deficit can be closed with taxation? 

Can it be addressed without raising taxes?

Also the deficits don't have to be closed They just has to be substantially reduced to lower their percentage against GDP. 

Do you think Trump's proposed tax cuts will raise or lower deficits and the national debt?

So I don't know how much of a spending problem the US has. But it's very clear that it has a taxation problem. And the fault for that lies clearly with the Republicans. It's unbelievable that despite the disastrous effects that their tax cuts have had on the national debt, they still persist with the lie that tax cuts will pay for themselves.

 

Not so long ago there was a poll done that asked voters if they would endorse a substantial rise in FICA taxes in order to secure social security once and for all. Even a majority of Republicans endorsef that proposition.

Just now, placeholder said:

Can it be addressed without raising taxes?

 

That's I see you avoided the question.   What is your vision of a realistic deficit? 

2 minutes ago, placeholder said:

Can it be addressed without raising taxes?

Also the deficits don't have to be closed They just has to be substantially reduced to lower their percentage against GDP. 

Do you think Trump's proposed tax cuts will raise or lower deficits and the national debt?

So I don't know how much of a spending problem the US has. But it's very clear that it has a taxation problem. And the fault for that lies clearly with the Republicans. It's unbelievable that despite the disastrous effects that their tax cuts have had on the national debt, they still persist with the lie that tax cuts will pay for themselves.

 

Not so long ago there was a poll done that asked voters if they would endorse a substantial rise in FICA taxes in order to secure social security once and for all. Even a majority of Republicans endorsef that proposition.

What is a realistic spending target as a percentage  of the GDP? 

13 hours ago, Mike_Hunt said:

Hey, @spidermike007 what do you think of the Democrats governing the USA to unsustainable federal budgets? 

Considerably better than the $7.1 trillion that Trump added to the national deficit in his first four years in office. 

6 minutes ago, Mike_Hunt said:

That's I see you avoided the question.   What is your vision of a realistic deficit? 

First, it's comical that you are accusing me of avoiding the question when you have nothing to say about Trump's proposed tax cuts.

But I would say a budget deficit that's 2% would be a good target.

Now, do you support Trump's tax cuts?

Do you support an increase on FICA enough to secure Social Security? Or maybe some mixture of an increase in FICA and raising or eliminating the ceiling on earned income contributions to FICA?

2 minutes ago, spidermike007 said:

Considerably better than the $7.1 trillion that Trump added to the national deficit in his first four years in office. 

 

Do the Democrats who controlled congress during all the COVID spending have any agency? 

2 minutes ago, placeholder said:

First, it's comical that you are accusing me of avoiding the question when you have nothing to say about Trump's proposed tax cuts.

But I would say a budget deficit that's 2% would be a good target.

Now, do you support Trump's tax cuts?

Do you support an increase on FICA enough to secure Social Security? Or maybe some mixture of an increase in FICA and raising or eliminating the ceiling on earned income contributions to FICA?

Which is about 560 billion.  Which means taxes will need to be raised around 1.4 trillion.   Where will his money come from?  

1 minute ago, Mike_Hunt said:

Which is about 560 billion.  Which means taxes will need to be raised around 1.4 trillion.   Where will his money come from?  

Well, for one thing, it would help if Trump's tax cuts were not on the table? Do you support Trump's tax cuts? Why do you consistently evade answering that question? 

Just now, placeholder said:

Well, for one thing, it would help if Trump's tax cuts were not on the table? Do you support Trump's tax cuts? Why do you consistently evade answering that question? 

What is the sum of the income of people over 1 million dollars? 

Just now, Mike_Hunt said:

What is the sum of the income of people over 1 million dollars? 

Nice try at deflection? Do you support Trump's tax cuts?

2 minutes ago, placeholder said:

Nice try at deflection? Do you support Trump's tax cuts?

I keep my tax cut.  I want to see the federal government engage in some serious spending cuts. 

 

In 2022 Joe Biden had near record revenue at 18..8% of the GDP.   yet, he managed a deficit of 1.4 trillion.  

 

The USA has a spending problem. 

Just now, Mike_Hunt said:

I keep my tax cut.  I want to see the federal government engage in some serious spending cuts. 

 

In 2022 Joe Biden had near record revenue at 18..8% of the GDP.   yet, he managed a deficit of 1.4 trillion.  

 

The USA has a spending problem. 

Just a spending problem? Then why do Republicans repeatedly and falsely claim that tax cuts would pay for themselves? 

" If not for the Bush tax cuts⁴ and their extensions⁵—as well as the Trump tax cuts⁶—revenues would be on track to keep pace with spending indefinitely, and the debt ratio (debt as a percentage of the economy) would be declining. Instead, these tax cuts have added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001, and more than 90 percent of the increase in the debt ratio if the one-time costs of bills responding to COVID-19 and the Great Recession are excluded. Eventually, the tax cuts are projected to grow to more than 100 percent of the increase."

https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

“Today is the greatest day of deregulation our nation has seen. We are driving a dagger straight into the heart of the climate change religion to drive down cost of living for American families, unleash American energy, bring auto jobs back to the U.S. and more,” said EPA Administrator Zeldin. 

 

“Alongside President Trump, we are living up to our promises to unleash American energy, lower costs for Americans, revitalize the American auto industry, and work hand-in-hand with our state partners to advance our shared mission,” added EPA Administrator Zeldin.  

 

Watch the video below for more information.

 

On 3/11/2025 at 12:10 PM, Gottfrid said:

Are you by any chance related to MLK? He also had a dream. 🤣

 

LOL.

57 minutes ago, VincentRJ said:

“Today is the greatest day of deregulation our nation has seen. We are driving a dagger straight into the heart of the climate change religion to drive down cost of living for American families, unleash American energy, bring auto jobs back to the U.S. and more,” said EPA Administrator Zeldin. 

 

“Alongside President Trump, we are living up to our promises to unleash American energy, lower costs for Americans, revitalize the American auto industry, and work hand-in-hand with our state partners to advance our shared mission,” added EPA Administrator Zeldin.  

 

Watch the video below for more information.

 

Thanks for sharing right wing porn with us.

1 hour ago, placeholder said:

Thanks for sharing right wing porn with us.

 Porn is not allowed on this site. Didn't you know? 🤣

10 hours ago, placeholder said:

Well, for one thing, it would help if Trump's tax cuts were not on the table? Do you support Trump's tax cuts? Why do you consistently evade answering that question? 

No, I do not. Just like last time around his tax cuts will benefit the wealthy and multinational corporations, and very little will trickle down to the common person. 

Part of Trump's reason - to control fentanyl import...it is so small vs other drugs...that it is hard to do that.

Some USA university has created a fentanyl immunisation shot or some such.

19 hours ago, spidermike007 said:

No, I do not. Just like last time around his tax cuts will benefit the wealthy and multinational corporations, and very little will trickle down to the common person. 

 

I benefited from the tax cuts.  

On 3/13/2025 at 10:02 PM, placeholder said:

Just a spending problem? Then why do Republicans repeatedly and falsely claim that tax cuts would pay for themselves? 

" If not for the Bush tax cuts⁴ and their extensions⁵—as well as the Trump tax cuts⁶—revenues would be on track to keep pace with spending indefinitely, and the debt ratio (debt as a percentage of the economy) would be declining. Instead, these tax cuts have added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001, and more than 90 percent of the increase in the debt ratio if the one-time costs of bills responding to COVID-19 and the Great Recession are excluded. Eventually, the tax cuts are projected to grow to more than 100 percent of the increase."

https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

This is not even true.  The Center for American progress is not good source for the sort of thing.   

2 hours ago, freedomnow said:

Part of Trump's reason - to control fentanyl import...it is so small vs other drugs...that it is hard to do that.

Some USA university has created a fentanyl immunisation shot or some such.

That reason applies to Mexico, it doesn't apply to Canada. The US saw a miniscule amount or fentanyl smuggled in from Canada last year. It is a false flag. 

Could Trump's plan fail in a spectacular fashion?

 

It could, and I could fly if I grew wings. Both scenarios are unlikely.

On 3/14/2025 at 3:57 PM, VincentRJ said:

We are driving a dagger straight into the heart of the climate change religion

plus wokeism, DEI and the gender nonsense. We'll all be better off without them.

Which plan??

On 3/11/2025 at 11:17 AM, spidermike007 said:

It would appear at this point that Trump's seesaw approach to tariffs is having a dire effect on the US economy, thousands of jobs are being lost every day, the stock market is crashing (and believe me that crash has only just begun) and many countries are re-thinking their relationships with the US, realizing that the US is not the dependable ally they thought it was.

 

Many are avoiding visits to the US which could decimate American tourism, and many nations are likely planning their manufacturing in such a way that they are considerably less dependent on American imports, exports, and sales.

 

A wave of frustration over prolonged inflation helped power Trump to victory in November, and a majority of respondents -- 58% -- said inflation would be a major factor in deciding their vote in future elections. But just 32% approved of the job Trump was doing on inflation. Views of the economy by households deteriorated this month to the lowest level in over a year, according to a widely followed survey by the University of Michigan.

 

So where does that leave America (and Trump) in the grand scheme of things, and how badly could Trump's policies come back and bite him on his enormous butt? 

 

In the minds of many of us Trump is grossly overestimating the importance of the US and the dependence of other nations on the US. Granted the US economy is still huge, but it's not immune to damage, it's not immune to punishment by other nations, it could start shrinking, and it's not immune to crashing. 

 

Of course this could all just be some insane scheme to crash the US economy and the world economy with it, thereby making Trump and his super rich buddies even richer in the process. Who knows what lurks in the mind of this completely unhinged man? One thing is for certain, he's being very poorly advised by highly inexperienced and incompetent people, and he is going to lose a very significant percent of his support base if he continues with these insane policies. 

 

 

Inflation is falling. Best to allow more time before making judgement.

Take a sector that every American consumes regularly - Clothing and footwear.

 

There are no factories of any size manufacturing for the domestic market. Over 90% of apparel and footwear items are imported.

Building factories to make clothing/footwear in the USA would involve a substantial cost. Machinery would have to be imported; labor would have to be trained and paid at a labor cost way, way higher than current sources overseas.

All fabrics would have to be imported- there are virtually no textile factories producing volume goods in the USA

All trims such as buttons, threads, zips, labels would have to be imported.

To move manufacturing of these goods back to the USA is a complete non-starter.

Prices would be at minimum double their current level.

 

Take an order from Walmart for 5 million fleece hoodies with a 12 week turnaround from order to first delivery - how are they going to deliver that domestically? How are they going to persuade their customers to pay 60 USD for a basic Walmart hoodie? Where are the 6 factories with 2/3 thousand workers in each going to be found?

 

This is all wishful thinking from the uninformed Maga crowd. History shows that once you allow manufacturing to leave and move to a service-based economy there is no way back.

 

The above relates to just one industry. Extrapolate it over the many products that a consumer driven society like the USA requires every day and even someone with half a brain can see the absurdity of just assuming mass manufacturing can be re-instated on a wish and be operational within any reasonable time scale. Let alone consider who will invest the large sums necessary to build the required infrastructure.

 

Pie in the sky

Yes, throwing out the illegals will leave a few businesses in trouble, mainly for the menial jobs.

 

But it won't last, because soon (and already) robotics with Ai will do these jobs and much more.

 

Thus, uniqualified labour demand will strongly dwindle and vanish on the short term.