The Ministry of Truth thread

#726
#726
utvolpj said:
I would guess it's based on size. However it seems they are hardly ever separated under an R. At least the D want to raise taxes to pay for the handouts
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They pay for the handouts by moving money from savings accounts to checking accounts. No?
 
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#728
#728
FLVOL_79 said:
Damn dude you still mad? You were equating Trump to being one of the most fiscally destructive presidents in history. That ain't the case. Almost every article you posted in support of your claim was conjecture or whataboutism. The crux of your arguement lies almost solely with Trump being a moron and not knowing how the federal budget process worked.

I would wager a guess that you're trying to lay the groundwork to shift blame from what Biden is doing and what his fiscally ret@rded legacy will be.
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Donald Trump is without question, one of the most fiscally reckless presidents in American history.

As I have already explained, during Trump's first two years in office, the state of the economy didn't necessitate stimulus. We were already in an economic stage of robust expansion.

Trump also had the built-in-advantage of Republican majorities in both the House and the Senate during those first two years. So, it really strains logical reasoning to blame the spending bills he signed those first two years on Democrats.

If you understand anything about inflation, then you must know that government spending increases, in conjunction with massive tax cuts, will eventually lead to significant inflationary pressures.

^^^^ Trump did both of these in spades, and it was at a time when the economy did not need tax cuts.
 
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#729
#729
FLVOL_79 said:
Almost every article you posted in support of your claim was conjecture or whataboutism.
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... and this is a flat out lie. As I pointed out at the time, I also posted data, which did not include any editorial commentary.

You are dishonest on top of being profoundly ignorant.
 
#730
#730
BowlBrother85 said:
Donald Trump is without question, one of the most fiscally reckless presidents in American history.

As I have already explained, during Trump's first two years in office, the state of the economy didn't necessitate stimulus. We were already in an economic stage of robust expansion.

Trump also had the built-in-advantage of Republican majorities in both the House and the Senate during those first two years. So, it really strains logical reasoning to blame the spending bills he signed those first two years on Democrats.

If you understand anything about inflation, then you must know that government spending increases, in conjunction with massive tax cuts, will eventually lead to significant inflationary pressures.

^^^^ Trump did both of these in spades, and it was at a time when the economy did not need tax cuts.
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Interesting take. You seem to be projecting something, not sure what though. Maybe a deep seeded irrational hatred of Orange man bad?

What bills did Trump sign in his first two years? As a Fed myself I distinctly remember many continuing resolutions, a few "small" minibus bills, and only 1 omnibus bill which, oddly enough, was still less than what Biden just signed. But I could be mistaken because I usually don't give two sh!ts about them.
 
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#731
#731
BowlBrother85 said:
... and this is a flat out lie. As I pointed out at the time, I also posted data, which did not include any editorial commentary.

You are dishonest on top of being profoundly ignorant.
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You accept your own truth to be the best version of yourself. Its America, you can do things like that now.

You're trying real hard to be the next Vol_Prof..
 
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#732
#732
BowlBrother85 said:
... and Republicans were? They held majority control of both chambers of Congress, plus the White House in 2017 and 2018, with an expanding and robust economy that didn't need stimulus. That was not the time to be signing $1.3 trillion omnibus spending packages into law. That was exactly what Trump did in March of 2018, however... and let's not forget that he wanted it to be even larger in order to include funding for his border wall.

Trump says he signed $1.3 trillion spending bill

^^^^ This was fiscally irresponsible. ^^^^
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@FLVOL_79 .... I posted this yesterday. I don't consider the $1.3 trillion omnibus spending package that Trump signed into law in 2018 to be "small" .... I do consider you to be very ignorant.
 
#736
#736
utvolpj said:
No because the money doesn't actually exist. They aren't being paid for they're being financed
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If I pay less in taxes, I have more to save.
If I pay more in taxes, I have less to save.

So if you pay more in taxes, and save less. And I get a check in the mail, and spend it.

What is the result?
 
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#737
#737
85SugarVol said:
If I pay less in taxes, I have more to save.
If I pay more in taxes, I have less to save.

So if you pay more in taxes, and save less. And I get a check in the mail, and spend it.

What is the result?
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How's all that extra tax saving treating you right now? It's paid for eventually unless there are cuts to go along with it

Tax cuts aren't for regular people and never have been. Neither are increases for that matter
 
#738
#738
utvolpj said:
How's all that extra tax saving treating you right now? It's paid for eventually unless there are cuts to go along with it

Tax cuts aren't for regular people and never have been. Neither are increases for that matter
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I’m not talking about regular people.

If we are paying for “Cash Handouts” by “Taxing the Rich” - then we are deploying dollars into the system that otherwise would have been sitting earning interest.
 
#739
#739
85SugarVol said:
They pay for the handouts by moving money from savings accounts to checking accounts. No?
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85SugarVol said:
I’m not talking about regular people.

If we are paying for “Cash Handouts” by “Taxing the Rich” - then we are deploying dollars into the system that otherwise would have been sitting earning interest.
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That really means the government would be confiscating what some have (savings) to distribute to others (checking). In other words redistribution of income and wealth. Basically the communist dream that never worked out well for anybody ... except the people manipulating the scheme until it collapses.
 
#741
#741
AM64 said:
That really means the government would be confiscating what some have (savings) to distribute to others (checking). In other words redistribution of income and wealth. Basically the communist dream that never worked out well for anybody ... except the people manipulating the scheme until it collapses.
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Oh it’s absolutely a re-distribution from one population to another.

The question was centered on how impactful that is to inflationary pressure.
 
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#742
#742
85SugarVol said:
Oh it’s absolutely a re-distribution from one population to another.

The question was centered on how impactful that is to inflationary pressure.
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If you take money from someone not predisposed to spending it and transfer it to people who will spend it, then it would almost have to be considered inflationary. On the other hand if you allow the person not inclined to spending all he has, then he at least isn't pumping more into an overheated economy. Whether that microanalysis works on the macro scale or not would be hard to prove, but it seems reasonable.
 
#744
#744
FLVOL_79 said:
OK. You must be devastated by Biden then. Sad.
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I'm not defending Biden at all, but you should be able to see that the U.S. economy was in a different stage during Trump's first two years in office, than where it has been since January of 2021. If Republicans truly care about inflation, as they say they do now, then they wouldn't push through massive tax cuts during a period of expansion, while also passing these bloated spending packages.

Republicans really will cut taxes regardless of the state the economy is in. Cutting taxes is not always the most prudent course of action to take. It definitely seems like Republicans care more about pandering to their voters, than they do inflation.
 
#745
#745
BowlBrother85 said:
I'm not defending Biden at all, but you should be able to see that the U.S. economy was in a different stage during Trump's first two years in office, than where it has been since January of 2021. If Republicans truly care about inflation, as they say they do now, then they wouldn't push through massive tax cuts during a period of expansion, while also passing these bloated spending packages.

Republicans really will cut taxes regardless of the state the economy is in. Cutting taxes is not always the most prudent course of action to take. It definitely seems like Republicans care more about pandering to their voters, than they do inflation.
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What has Joe Biden done to address inflation? You seem to be hung up on Trump
 
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#746
#746
landscapingvol said:
What has Joe Biden done to address inflation? You seem to be hung up on Trump
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Not just Trump... Republicans, in general, seem to believe that there is never a bad time to cut taxes. That is wrong, but it does get them votes. But how can you pretend to care about inflation when you are the party of simultaneous, massive tax cuts and big spending packages? That is absurd.

As far as Biden is concerned, his plan for reducing inflation mostly involves long term remedies. I'm not aware of what he is doing to improve the supply chain issues, which could be of benefit in the short run. I'm not defending Biden here.
 
#747
#747
BowlBrother85 said:
Not just Trump... Republicans, in general, seem to believe that there is never a bad time to cut taxes. That is wrong, but it does get them votes. But how can you pretend to care about inflation when you are the party of simultaneous, massive tax cuts and big spending packages? That is absurd.

As far as Biden is concerned, his plan for reducing inflation mostly involves long term remedies. I'm not aware of what he is doing to improve the supply chain issues, which could be of benefit in the short run. I'm not defending Biden here.
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Buzz phrase for when someone else fixes it, then Biden policies really fixed it. I admit your trolling always is forward thinking.
 
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#750
#750
utvolpj said:
How's all that extra tax saving treating you right now? It's paid for eventually unless there are cuts to go along with it

Tax cuts aren't for regular people and never have been. Neither are increases for that matter
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Historically haven’t tax cuts resulted in increased federal revenue? If that’s indeed the case then tax cuts are not inflationary.
 
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