The Soapbox

Joined: 04/29/1999 Posts: 126
Likes: 201

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The crazy thing is there are only two ways the new $1.5 Trillion gets paid:

cuts to Social Security, Medicare, and Medicaid (just as the first generation with very few defined benefit pension plans hits their 60s); and inflation, which means we all lose that equivalent in money, but it hits lower income and the middle class hardest, while the vast majority of the $1.5 Trillion sits in the pockets of multi-millionaires and billionaires.

I'm sure Trumpers will blame Jews in New York when inflation ticks up, but it's Trump and the GOP hoo have transferred money from their pockets to, well, Trump's.

(In response to this post by Shenhoo)

Posted: 06/15/2018 at 6:52PM

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Trump's forecast of 4% GDP growth coming true as Americans spend tax-bill -- Hoos Operator 06/15/2018 3:36PM

Yet wages for lower and middle class people are flat or falling. -- Faz d. Hoo 06/18/2018 12:03AM

And the government doesn’t cut spending to reflect the -- KCHoo 06/15/2018 3:50PM

As a Conservative, I am so proud of my government for financing expansion -- Shenhoo 06/15/2018 3:58PM

The $9.3 trillion added debt under Obama must have had you bursting at the -- Hoos Operator 06/15/2018 9:50PM

Here are some numbers since the Great Recession. -- Shenhoo 06/15/2018 10:28PM

Here is a graph depicting the growth in federal debt since 1966. -- Hoos Operator 06/15/2018 10:55PM

Good point--the curve gets steepest right before BHO takes office -- HooBear 06/16/2018 1:48PM

It does, and he did. HO does NOT interpret his graph correctly. Obama -- Shenhoo 06/16/2018 5:46PM

Negative GDP of over 9 per cent? -- Hoos Operator 06/16/2018 9:45PM

Quarterly. By the end of the year, indeed, Obama was leading a recovery. ** -- Shenhoo 06/17/2018 08:51AM

Umm...the graph is steepest after Obama took office. An additional -- Hoos Operator 06/16/2018 2:38PM

Actually, we ran a budget deficit from October 2008 through January 2009 -- Shenhoo 06/16/2018 5:37PM

The chart does clearly show that Reagan taught us deficts don't matter. -- Shenhoo 06/15/2018 11:03PM

Surprise to you, I suppose, that the curve went way up at the Great -- Shenhoo 06/15/2018 10:59PM

I trust if the economy continues to expand, tax revenues increase and the -- Hoos Operator 06/15/2018 11:14PM

I got all the toilet paper I need. Keep bragging about sharply rising -- Shenhoo 06/15/2018 11:22PM

But, Obama, right? Do you disagree with my point? ** -- Shenhoo 06/15/2018 10:17PM

I would agree that the economy must continue to expand at a high rate to -- Hoos Operator 06/15/2018 10:27PM

It's losing ground. Did you not see the May figures? ** -- Shenhoo 06/15/2018 10:29PM

Continued economic expansion wiill generate more tax revenues over time. ** -- Hoos Operator 06/15/2018 10:39PM

And continued huge deficit spending will create economic growth. -- Shenhoo 06/15/2018 10:44PM

Net interest payments are projected to jump to $818B in 2027 (link) -- Hoo TV 06/15/2018 11:05PM

But, just think of the economic expansion that will come from borrowing to -- Shenhoo 06/15/2018 11:11PM

The crazy thing is there are only two ways the new $1.5 Trillion gets paid: -- HooBear 06/15/2018 6:52PM

You can do that forever, can't you? ** -- HoosWillWin 06/15/2018 4:37PM

It's looking like you can do it until there is a viable alternative to -- BocaHoo91 06/15/2018 6:29PM

It's just money. Spend all you want...we'll make more. ** -- Hokie5150 06/15/2018 5:01PM

Why do you oppose economic growth? ** -- Shenhoo 06/15/2018 5:08PM

All sorts of revenue will be coming in when the tariffs hit. ** -- HokieDelNorte 06/15/2018 4:46PM

Agree ** -- Guy LeDouche 06/15/2018 4:00PM

..while at the same time praying he doesn't sabotage it with trade policy. ** -- hoolstoptheheels 06/15/2018 3:43PM

Wilbur has assured him that tariffs will only make like a 1% difference -- Hoo TV 06/15/2018 4:08PM

China is going to test that assumption. Another inflation factor. ** -- HoosWillWin 06/15/2018 4:42PM

I assume we will get interest rate hikes soon -- KCHoo 06/15/2018 5:30PM

Fed has hiked rates twice this year, including one this past Wed -- Stimp 06/15/2018 6:02PM

Just got one (0.25, 1.75>2), with 2 more coming this year, for a total of 4** -- Hoo TV 06/15/2018 5:59PM

It will be interesting to see where inflation goes. ** -- HoosWillWin 06/15/2018 3:42PM

Didn't see this. Yes, a much shorter way of saying what I did above. ** -- HooBear 06/15/2018 6:53PM

My biggest concern is how do we -- Shenhoo 06/15/2018 7:45PM

Or Keynes for explaning long ago how deficit spending juices the economy. -- Shenhoo 06/15/2018 3:42PM

Looks like a BAFSTV leaving that store...Nice ** -- Tuckahokie 06/15/2018 3:39PM