RobDownSouth
Never Banhammered
- Joined
- Apr 13, 2002
- Posts
- 72,518
Oh look the union janitor is here to talk shit and spread more lies
disagreeing with you is not "spreading lies", no matter how fervently you believe otherwise.
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Oh look the union janitor is here to talk shit and spread more lies
disagreeing with you is not "spreading lies", no matter how fervently you believe otherwise.
I think you guys are all missing the big picture.
America's debt grows bigger by the day. The president then announces big tax cuts. Government income falls so the debt gets bigger at a faster rate. This causes jitters in the money markets, Could the USA lose its triple-A credit rating, which would increase interest rates and force the debt to grow even faster?
The government has to do something to plug the gap so they introduce import tariffs on a range of foreign goods, goods that they know the country will continue to import. The tariffs are paid to the government helping them to plug the income deficit.
Now comes the cunning part, who pays the tariffs? It's not the countries who sell their goods to the US citizens. The tariffs are passed on to the US citizens. In effect, the president has taken the burden of taxation away from industry and the super rich and transferred it to the everyday US consumer and all under the guise of protecting their jobs.
The guy may not be able to string ten words together to form a sentence, but even I have to admit that was a clever move.
Oh look the union janitor is here to talk shit and spread more lies
Thanks captain obvious, good thing I never said it was! :)
Once again, the little people cannot understand what has been happening to them for years. Of all the nations, the US has been the last to join this taxation of its own people in order to preserve their jobs. The US economy is dying from the thousands of paper cuts of protectionism from the rest of the world, and now a leader who fights back is the one hurting his own people. This shit is laughable.
Hello, AJ.
You do that ALL THE FUCKIN TIME.
There's just no way you are real.
I think you guys are all missing the big picture.
America's debt grows bigger by the day. The president then announces big tax cuts. Government income falls so the debt gets bigger at a faster rate. This causes jitters in the money markets, Could the USA lose its triple-A credit rating, which would increase interest rates and force the debt to grow even faster?
The government has to do something to plug the gap so they introduce import tariffs on a range of foreign goods, goods that they know the country will continue to import. The tariffs are paid to the government helping them to plug the income deficit.
Now comes the cunning part, who pays the tariffs? It's not the countries who sell their goods to the US citizens. The tariffs are passed on to the US citizens. In effect, the president has taken the burden of taxation away from industry and the super rich and transferred it to the everyday US consumer and all under the guise of protecting their jobs.
The guy may not be able to string ten words together to form a sentence, but even I have to admit that was a clever move.
I think you guys are all missing the big picture.
America's debt grows bigger by the day. The president then announces big tax cuts. Government income falls
I think you guys are all missing the big picture.
America's debt grows bigger by the day. The president then announces big tax cuts. Government income falls so the debt gets bigger at a faster rate. This causes jitters in the money markets, Could the USA lose its triple-A credit rating, which would increase interest rates and force the debt to grow even faster?
The government has to do something to plug the gap so they introduce import tariffs on a range of foreign goods, goods that they know the country will continue to import. The tariffs are paid to the government helping them to plug the income deficit.
Now comes the cunning part, who pays the tariffs? It's not the countries who sell their goods to the US citizens. The tariffs are passed on to the US citizens. In effect, the president has taken the burden of taxation away from industry and the super rich and transferred it to the everyday US consumer and all under the guise of protecting their jobs.
The guy may not be able to string ten words together to form a sentence, but even I have to admit that was a clever move.
are you saying that this slug is frisco?
Roy Moore So he is a man of uncompromising principle. Maybe we need a Mr. Smith to go to Washington instead of a Mrs. Clinton.
Climate Change This thread courtesy of Bill Nye, The Science Guy.
He's funny too! http://forum.literotica.com/showpost.php?p=88498234&postcount=106
this sounds like frisco I don't, but then I am new here and do not do popular culture. It's so demeaning.
pretends to know the american indian I continually hear that the people of the United States are so well educated and enlightened but they want to allow a group of ultra-Socialist fucks govern them. With a Cherokee yell she cried four, four more!
Government is collecting record revenues:
Month Under Tax Cut; Run Surplus in January
By Terence P. Jeffrey | February 12, 2018 | 4:54 PM EST
(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.
January was the first month under the new tax law that President Donald Trump signed in December.
During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.
Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.
The $361,038,000,000 in total taxes the Treasury collected this January was $11,747,870,000 more than the $349,290,130,000 that the Treasury collected in January of last year (in December 2017 dollars, adjusted using the Bureau of Labor Statistics inflation calculator).
https://www.cnsnews.com/news/articl...d-taxes-first-month-under-tax-cut-run-surplus
Monthly treasury statement here:
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/current.htm
Government is collecting record revenues:
Month Under Tax Cut; Run Surplus in January
By Terence P. Jeffrey | February 12, 2018 | 4:54 PM EST
(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.
January was the first month under the new tax law that President Donald Trump signed in December.
During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.
Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.
The $361,038,000,000 in total taxes the Treasury collected this January was $11,747,870,000 more than the $349,290,130,000 that the Treasury collected in January of last year (in December 2017 dollars, adjusted using the Bureau of Labor Statistics inflation calculator).
https://www.cnsnews.com/news/articl...d-taxes-first-month-under-tax-cut-run-surplus
Monthly treasury statement here:
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/current.htm
No matter what happens on the revenue side, the CBO report also makes it clear that federal spending must be brought under control. While revenues climbed by $46 billion so far in the fiscal year, spending shot up by $62 billion.
That's an unsustainable trajectory in anybody's book.
Yay! Higher taxes! Just what the Republican voters ordered.
The same thing occurred Jan 2017.
https://www.investors.com/politics/editorials/revenues-climb-5-2-in-first-month-of-gop-tax-cuts/
Yay! Higher taxes! Just what the Republican voters ordered.
Once again, the little people cannot understand what has been happening to them for years. Of all the nations, the US has been the last to join this taxation of its own people in order to preserve their jobs. The US economy is dying from the thousands of paper cuts of protectionism from the rest of the world, and now a leader who fights back is the one hurting his own people. This shit is laughable.
More people working = more revenue. Trickle down works despite the voodoo incantations of the left.
Government is collecting record revenues:
Month Under Tax Cut; Run Surplus in January
By Terence P. Jeffrey | February 12, 2018 | 4:54 PM EST
(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.
January was the first month under the new tax law that President Donald Trump signed in December.
During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.
Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.
The $361,038,000,000 in total taxes the Treasury collected this January was $11,747,870,000 more than the $349,290,130,000 that the Treasury collected in January of last year (in December 2017 dollars, adjusted using the Bureau of Labor Statistics inflation calculator).
https://www.cnsnews.com/news/articl...d-taxes-first-month-under-tax-cut-run-surplus
Monthly treasury statement here:
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/current.htm
Eglish Proverb: One Swallow doesn't make a summer.
Can't speak for the US but January is when the British self-employed have to file their tax returns so we always get a spike in income around that time. It is the whole end of year accounts that matter.
Last time I checked the difference between the cost of servicing the US debt every year and the payments the government was able to pay was 125% of GDP. In layman's terms, you could take all the money made in America in a whole year and it still wouldn't pay the cost of servicing your debt. The only thing keeping you afloat is the size of your economy. The world bank can't afford for you to fail so they keep lending you money to make up the shortfall, thereby increasing your debt. Where does this money come from? A lot of it comes from the people you are trying to hurt.
They could take the entire product of the western economies and it wouldn't be enough to pay off the total unfunded liabilities of the United states either, but that isn't what we're talking about. We're talking about the government booking "record tax revenues" year over year.
Since the economy is expanding year on year It would be surprising if tax revenues did not to set records year on year. The question is are the revenues rising as fast as the economy is expanding.The answer is no they are not. If the economy grows at 3% the tax revenue would need to rise by more than 3% to be classed as an increase. It isn't the total number of dollars that matters, it is whether it is sufficient to prevent your debt getting bigger.
They could take the entire product of the western economies and it wouldn't be enough to pay off the total unfunded liabilities of the United states either, but that isn't what we're talking about. We're talking about the government booking "record tax revenues" year over year.
More people working = more revenue. Trickle down works despite the voodoo incantations of the left.