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| TRUMP 2024 (Page 26/59) |
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BingB
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JAN 30, 05:57 PM
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| quote | Originally posted by 82-T/A [At Work]: NOPE...
Congress spent more money, yes... they increased the deficit yes... but the Trump Tax cuts directly led to record tax revenue. This is WELL understood by everyone. Here are some links:
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No. You are the one who still does not get it. Increasing revenue does not matter if it takes more deficit spending to get it.
Who is better off, "A" who spends $50 million to generate $90 million in revenue. or "B" who spends $80 million to generate $100 million? You seem to think it is "B" because he has higher revenue, but it does not work that way. Trump used deficit spending to pump up revenues His tax cuts were effective because they were free. He never cut spending to pay for them.
High revenues are meaningless if you have to borrow more money i.e., "deficit spending" to generate them.[This message has been edited by BingB (edited 01-30-2024).]
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BingB
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JAN 30, 06:06 PM
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| quote | Originally posted by 82-T/A [At Work]: I still find it hilarious though that you give Obama credit for the deficit of the last two and four years of his presidency, when it was under Republican control... they literally refused to let him spend money.
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In 2014, the last year that Obama had a Democrat controlled congress, we had $485 in deficit spending which was only 2.8% of GDP. Two years later when Republicans controlled Congress in the last year of Obama's administration, we had a $585 billion deficit which was 3.1% of GDP.
The Democrat controlled congress held him back more than the Republicans did.
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olejoedad
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JAN 30, 06:07 PM
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| quote | Originally posted by BingB:
No. You are the one who still does not get it. Increasing revenue does not matter if it takes more deficit spending to get it.
Who is better off, "A" who spends $50 million to generate $90 million in revenue. or "B" who spends $80 million to generate $100 million? You seem to think it is "B" because he has higher revenue, but it does not work that way. Trump used deficit spending to pump up revenues His tax cuts were effective because they were free. He never cut spending to pay for them.
High revenues are meaningless if you have to borrow more money i.e., "deficit spending" to generate them.
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I'm glad you're not teaching economics, or accounting. I'm concerned that you teach history.
Or so you claim.
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williegoat
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JAN 30, 06:10 PM
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| quote | Originally posted by olejoedad:
I'm glad you're not teaching economics, or accounting. I'm concerned that you teach history.
Or so you claim.
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What are the odds that he would also be the exact same age as Fred? Isn't that just a fascinating coincidence?
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BingB
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JAN 30, 06:33 PM
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| quote | Originally posted by olejoedad:
I'm glad you're not teaching economics, or accounting. I'm concerned that you teach history.
Or so you claim.
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I don't understand what you mean. Nothing that I said there was wrong.
It doesn't matter how high your revenues are. What matters is the difference between your expenditures and revenues. It does not help to increase your revenues by $10 million if you had to borrow $20 million to do it.
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olejoedad
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JAN 30, 06:36 PM
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| quote | Originally posted by BingB:
I don't understand what you mean. Nothing that I said there was wrong.
It doesn't matter how high your revenues are. What matters is the difference between your expenditures and revenues. It does not help to increase your revenues by $10 million if you had to borrow $20 million to do it. |
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Government revenues and expenditures are separate items.
Even a caveman can see that....
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Fats
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JAN 31, 01:59 AM
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| quote | Originally posted by BingB:
Trump has been flat out busted and proven in courts of law to be a liar and a con man. I can not understand why so many people trust him.
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I trust him (to the extent I do) because he has pretty much done what he said he would do.
A bit of history. When I initially voted for Trump it was in order to (at least symbolically) burn the entire system to the ground. The next best person to be in office in my opinion at that time would have been Vermin Supreme.
But, much to my surprise, once Trump took office he actually did a lot of the things he said he while running that he was going to do. We're not all fools here. We saw him get stopped at nearly every turn by the "establishment". He had members on both sides working against everything he did, and he still got a lot of great things done.
In my lifetime I've never seen a politician actually do the things they said they would do once in office.
As for being a liar and con man.
...and?
Do you not think that EVERY SINGLE PERSON IN OFFICE is a patented liar? Did you see what I posted above??? All of the people in office have promised us the world, and gave is shite sandwiches instead. All of them.
Just going through your post. Clinton lied to all of us through his Presidency. And I think he did a pretty good job, for the record. He was insanely corrupt, probably still is, there were many, many points where he (along with that "hot" wife) were at various levels of scamming people, and had been for decades. I'm not even getting into the rape allegations, or all the flights to pedo island.
Gore was/is nuts. He gave us the severely biased "documentary" that was just created so he could profit from selling Carbon Credits. He's been lying for decades. According to him we're all underwater by now.
McCain is likely currently on a rotisserie in hell. I really hope he asked for forgiveness before he passed. I wish him and his family well and hope they see the light before it's too late.
Obama did one good thing while in office. He ended Don't Ask Don't Tell, which Clinton put in place. Meanwhile he was one of the main driving forces behind the problems with race relations in this country. He destroyed the First Amendment which involved going after the AP, Benghazi , and lied to everyone about ACA being good. We all remember "If you like your doctor you can keep your doctor."
So I come back. You won't vote for Trump because he's a liar and a Con man, just as I view everyone you've voted for. What am I missing?
I'm trying not to be biased in this. As I see it Bush was a POS, Clinton was a POS, I even steam (to this day) about the crap Reagan did to us. Trump certainly isn't a saint and there are many things he did or didn't do that I am upset about. As I see it there has been one perfect person on this planet in the past few thousand years, and it wasn't a politician. I also think Trump has done some sketchy stuff over the years. As have I,😉 and as have you. We have all been a real pile of crap in our lives at some point and most of us have paid for those moments many times over. A few of us haven't....yet.
P.S. To any Lefties that care. (not aimed at BingB) Calling anyone out for not being a "Real Christian" is a fools game. Anyone who is a believer isn't going to, or is at least going to try their best to not judge someone else's "Christian Level". Every Christian is on their own path with God. The only people that are going to fall for this tactic are basically already on the left. And in related news we're probably not going to put much stock in the opinion of someone that is also pushing for going against our Religious beliefs.
Christians also all love you, regardless of what you think, and pray that you can find God.[This message has been edited by Fats (edited 01-31-2024).]
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82-T/A [At Work]
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JAN 31, 08:08 AM
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| quote | Originally posted by BingB:No. You are the one who still does not get it. Increasing revenue does not matter if it takes more deficit spending to get it.
Who is better off, "A" who spends $50 million to generate $90 million in revenue. or "B" who spends $80 million to generate $100 million? You seem to think it is "B" because he has higher revenue, but it does not work that way. Trump used deficit spending to pump up revenues His tax cuts were effective because they were free. He never cut spending to pay for them.
High revenues are meaningless if you have to borrow more money i.e., "deficit spending" to generate them. |
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Respectfully Fred, this is completely incorrect. Republicans spent more money = budget deficit. This has ZERO to do with the amount of tax revenue that's acquired by the IRS.
Personally, I think you read something somewhere, and don't really understand what you're talking about... because you're not using the correct terminology. I think you're fundamental misunderstanding stems from your belief that the government "funds" the economy. The concept that government spending (as a percentage of GDP) somehow "generates more tax revenue" is incorrect. But I can understand why you'd think this, especially if you read it somewhere. Fundamentally, it is not wrong to assume this correlation, but you'd be incorrect in that assumption, especially under the Trump administration.
For most of modern history (since Obama really), government spending as a percentage of GDP has typically been over 35% of the American economy. Now, what this means is government funding contracts, grants, etc. ... even quantitative easing, result in a portion of the country's GDP. As it applies to the Trump tax cuts however, you're actually completely wrong.
From in 2018, US Government Spending as a Percentage of GDP dropped to it's lowest level in over a decade. This percentage dropped slightly in 2017, and then more so in 2018. So the question is, how is this possible then when the government spent MORE money than it did the year before? That's because the economy grew so much during the Trump administration (as a result of the tax cuts), that private sector GDP growth increased enough that it reduced the overall USG spending as a portion of the GDP. Deficit increased because the Trump administration grew the government... more border agents, NASA's highest budget % increase in over a decade, creation of Space Force, significant hiring in the IC, all of which results in a higher government costs, but no net GDP gain. You can see the results of the Trump tax cuts vs Government GDP spending right here:

Ok, I think we don't need to address this anymore. As I've said with a lot of these things... this is well understood by everyone who wants to understand it. Your narrative is wrong.
EDIT: 2020 is COVID spending (unfortunately).[This message has been edited by 82-T/A [At Work] (edited 01-31-2024).]
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82-T/A [At Work]
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JAN 31, 08:18 AM
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| quote | Originally posted by Fats:In my lifetime I've never seen a politician actually do the things they said they would do once in office.
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Quoting this for truth... Trump was the first person who fought tooth and nail (just as you said) to accomplish the things he set out to do in his campaign. Despite insurmountable odds, he was actually able to get a LOT of it done. He accomplished things that most politicians flat-out refused to talk about, or all collectively agreed were taboo subjects to bring up on the campaign trail. More importantly... he brought the snake out of hiding. We now see the corruption (previously hidden) that exists in our government today, as they use every tactic they have even remotely available to them, to stop Trump. As you said earlier... I too will crawl through glass to cast my vote for him.
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BingB
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JAN 31, 03:36 PM
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| quote | Originally posted by 82-T/A [At Work]:
Deficit increased because the Trump administration grew the government... more border agents, NASA's highest budget % increase in over a decade, creation of Space Force, significant hiring in the IC, all of which results in a higher government costs, but no net GDP gain.
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everything you mentioned there would be a boost to the economy (GDP). Anytime you pump hundreds of millions in new wages into the economy people will spend it and drive up GDP. Deficit spending is "borrowing" funds and injecting it into the economy. It is impossible to pump hundreds of millions of dollars into the economy and suggest that it has no impact on GDP. Especially when that is the exact same argument you use to pump up the Trump tax cuts. you claim they put more money in peoples pockets to spend and that boosted the economy. Well I agree with you 100%. Except since we did not cut spending to pay for the tax cuts all that money we put in peoples pockets was "borrowed". It was part of the deficit spending.
| quote | Originally posted by 82-T/A [At Work]:
You can see the results of the Trump tax cuts vs Government GDP spending right here:
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What I see is that without the Trump tax cuts the Obama administration's spending as a percentage of GDP was LOWER than Trumps even before covid struck in 2020. That is because Trump had to increase deficit spending more to keep boosting the economy.
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