Trump’s Tax Cuts: A Massive Fiscal Disaster in the Makin'

[Lewie London]

Have a butcher’s at this, lads: Trump and his GOP mates are pushin’ through a massive $3.8 trillion tax cut package, you know that, right? They’re actin’ like it’s a free pint for everyone, but Jim Millstein from Guggenheim Securities is shoutin’ from the rooftops that this could lead to a fiscal disaster if a recession hits. He’s sayin’ that the current $2.4 trillion annual US government deficit could balloon to $4 trillion. That’s not just a hole in the pocket; that’s your trousers fallin’ down in the middle of a fish market, mate.

 

And get this, the whole plan assumes the economy’s gonna keep chuggin’ along nicely. But if we hit a rough patch, like we have in the past six recessions, tax revenues drop and government spendin’ goes up. It’s like bettin’ your last quid on a three-legged horse and expectin’ a win.

 

Now, we all know last week Moody’s has gone and downgraded the U.S. credit rating from Aaa to Aa1, joinin’ the other agencies in sayin’ the U.S. ain’t as creditworthy as it used to be. But this ain’t just a slap on the wrist that Trump wants you to think; it’s a full-on kick up the backside, warnin’ that the country’s fiscal house is in disarray. And what’s Trump doin’? He’s still brushin’ it off, callin’ Moody’s a “lagging indicator” and focusin’ on takin’ shots at his political opponents on social media instead. Next thing we will be hearin' it was caused by the deep state, Hunter's laptop, Hillary's emails, and the usual rubbish tropes. 

 

Meanwhile, the bond market’s throwin’ a wobbly. Yields on the 30-year bond have breached 5%, the highest since November 2023. Investors are gettin’ jittery, and the dollar’s takin’ a hit. The brewing collapse is like watchin’ a pub brawl in slow motion where everyone’s too drunk to throw a proper punch.

 

So, while Trump’s out there sellin’ this tax cut as a “beautiful” deal, the rest of the Yanks are left holdin’ the bill. It’s a classic case of the rich gettin’ richer and the man on the street gettin’ the short end of the stick.

[newbee2022]

11 minutes ago, Lewie London said:

Have a butcher’s at this, lads: Trump and his GOP mates are pushin’ through a massive $3.8 trillion tax cut package, you know that, right? They’re actin’ like it’s a free pint for everyone, but Jim Millstein from Guggenheim Securities is shoutin’ from the rooftops that this could lead to a fiscal disaster if a recession hits. He’s sayin’ that the current $2.4 trillion annual US government deficit could balloon to $4 trillion. That’s not just a hole in the pocket; that’s your trousers fallin’ down in the middle of a fish market, mate.

 

And get this, the whole plan assumes the economy’s gonna keep chuggin’ along nicely. But if we hit a rough patch, like we have in the past six recessions, tax revenues drop and government spendin’ goes up. It’s like bettin’ your last quid on a three-legged horse and expectin’ a win.

 

Now, we all know last week Moody’s has gone and downgraded the U.S. credit rating from Aaa to Aa1, joinin’ the other agencies in sayin’ the U.S. ain’t as creditworthy as it used to be. But this ain’t just a slap on the wrist that Trump wants you to think; it’s a full-on kick up the backside, warnin’ that the country’s fiscal house is in disarray. And what’s Trump doin’? He’s still brushin’ it off, callin’ Moody’s a “lagging indicator” and focusin’ on takin’ shots at his political opponents on social media instead. Next thing we will be hearin' it was caused by the deep state, Hunter's laptop, Hillary's emails, and the usual rubbish tropes. 

 

Meanwhile, the bond market’s throwin’ a wobbly. Yields on the 30-year bond have breached 5%, the highest since November 2023. Investors are gettin’ jittery, and the dollar’s takin’ a hit. The brewing collapse is like watchin’ a pub brawl in slow motion where everyone’s too drunk to throw a proper punch.

 

So, while Trump’s out there sellin’ this tax cut as a “beautiful” deal, the rest of the Yanks are left holdin’ the bill. It’s a classic case of the rich gettin’ richer and the man on the street gettin’ the short end of the stick.

If you want to know how dear Donnie is thinking go and read the book published in 2020 by his niece Mary Lea Trump, a famous recommended psychologist with shocking insights of that loser.

[SunnyinBangrak]

6 hours ago, Lewie London said:

And get this, the whole plan assumes the economy’s gonna keep chuggin’ along nicely. But if we hit a rough patch, like we have in the past six recessions, tax revenues drop and government spendin’ goes up. It’s like bettin’ your last quid on a three-legged horse and expectin’ a win.

Can he not just do like your man the deeply corrupt liar Biden did and do the old Money printers go brrrrrr routine? Back when 9% inflation was coolio.

 

These pound shop Jonathan Pie rants remind me what I like about the hypocritical disinformation swallowing left. Nothing at all.

 

Btw where is the news link? And who is Donny? Why do the left always need special rules and treatment?🤣

[BLMFem]

2 hours ago, SunnyinBangrak said:

Can he not just do like your man the deeply corrupt liar Biden did and do the old Money printers go brrrrrr routine? Back when 9% inflation was coolio.

 

These pound shop Jonathan Pie rants remind me what I like about the hypocritical disinformation swallowing left. Nothing at all.

 

Btw where is the news link?

It can be found on "the laptop"!

[SunnyinBangrak]

9 minutes ago, BLMFem said:

It can be found on "the laptop"!

The laptop the entire left forever shredded their credibility by falsely claiming without evidence it was Russian disinformation, banned factual voices from online discussion and used the false denials to cheat in an election? Not sure of the relevance other than as a useful reminder of how cults can cause severely irrational behavior.

[metisdead]

General approach and policy.

We maintain a strict policy of accepting links or content only from mainstream and recognized media sources to ensure that information posted by members is both verifiable and trustworthy. We strive to remain impartial, prioritizing content that meets these standards and removing content that, in our opinion, does not.

 

Consequently, we do not accept content from social media platforms unless it originates from a credible, professional, and qualified source. This approach is essential for upholding the integrity and credibility of the information shared within our community."

 

//Closed//