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Thread: Trumps tax cut will not help main street

  1. #11

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    On tax cuts ... I love the tax cuts.

    I don't like the deficit increase, but at this point what does it matter, people who want to do something about the deficit are about two decades too late. Now it's just a matter of when it goes to hell, not if. I'm a deficit cheerleader now because I just want the implosion of debt to happen so we can get it over with and move on.

  2. #12

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    Quote Originally Posted by Brickhouse View Post
    On tax cuts ... I love the tax cuts.

    I don't like the deficit increase, but at this point what does it matter, people who want to do something about the deficit are about two decades too late. Now it's just a matter of when it goes to hell, not if. I'm a deficit cheerleader now because I just want the implosion of debt to happen so we can get it over with and move on.
    OR.. perhaps there will be no implosion
    perhaps Like Bill Maher says it'll just be: NEW RULES!
    because we all KNOW Everything is Wonderful right now Don't we people?
    go out and BUY stuff with Credit... let the good times roll Baby...
    x3

  3. #13

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    Quote Originally Posted by Silver and Gold View Post
    This is what I mean...LOL



    Paul Ryan Deletes Tweet Lauding a $1.50 Benefit From the New Tax Law


    A secretary at a public high school in Lancaster, Pennsylvania, said she was pleasantly surprised her pay went up $1.50 a week ... she said [that] will more than cover her Costco membership for the year, Mr. Ryan posted on Twitter, sharing an Associated Press report about paycheck increases under the $1.5 trillion tax overhaul.



    https://www.nytimes.com/2018/02/03/u...yan-tweet.html


    Paul Ryan should go back and ask her how that $1.50 is working out after her gas and electric bill, health care insurance and other monthly expense's come in this month....Cost are rising so the $1.50 won't do a thing... Again they are throwing the dogs a bone because they stand to rake in millions from the new laws as main street makes a few bucks... Then they brag about how much they are helping.....LOL

    When are the people going to wake up to their games...

  4. #14

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    If only we had a new, incorruptible currency to come along and push the manipulators and social parasites out!

    If only. . .

  5. #15

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    January retail sales post biggest decline in 11 months


    U.S. retail sales unexpectedly fell in January, recording their biggest drop in nearly a year.
    Households cut back on purchases of motor vehicles and building materials.


    https://www.cnbc.com/2018/02/14/us-r...-jan-2018.html

  6. #16

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    Quote Originally Posted by Silver and Gold View Post
    January retail sales post biggest decline in 11 months


    U.S. retail sales unexpectedly fell in January, recording their biggest drop in nearly a year.
    Households cut back on purchases of motor vehicles and building materials.


    https://www.cnbc.com/2018/02/14/us-r...-jan-2018.html
    So you contribute the decline is because of the tax cuts? I say it is over estimated growth. January was still 3.6% above a year ago for retail sales.
    What's the Frequency, Kenneth?

    432Hz

  7. #17

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    Quote Originally Posted by redraspberry View Post
    So you contribute the decline is because of the tax cuts? I say it is over estimated growth. January was still 3.6% above a year ago for retail sales.

    No!!!!!!!! The consumer is broke and the tax cut won't help as the cost of living is rising fast......DEBT,DEBT,DEBT




    Total US household debt soars to record above $13 trillion

    Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.
    The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and credit card categories.


    https://www.cnbc.com/2018/02/13/tota...-trillion.html
    Last edited by Silver and Gold; 02-14-2018 at 01:43 PM.

  8. #18

    Default

    Well the consumer has been broke for quite a while. When the credit is removed the consumer is dead.
    What's the Frequency, Kenneth?

    432Hz

  9. #19

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    There goes that $1.50 a week Ryan was so proudly touting. What a joke these politicians are. Does anyone believe the sh-t they speak??????????? Higher monthly bills(Cost of living) will eat up any wage increases.



    Trump reportedly endorses 25-cent hike in gas tax to pay for infrastructure plan

    https://www.cnbc.com/2018/02/14/trum...n-gas-tax.html




    US producer price index up 0.4% in Jan, as expected
    Prices accelerated in January, offering more evidence that inflation pressures were building up.
    Prices were boosted by strong gains in the cost of gasoline and health care.
    The Labor Department said on Thursday its producer price index for final demand increased 0.4 percent last month.


    https://www.cnbc.com/2018/02/15/us-p...-jan-2018.html

  10. #20

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    I guess some won't even get the tax cut.



    [BUS weekly jobless claims rebound from near 45-year lows[/B]


    Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 230,000 for the week ended Feb. 10, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported.



    https://www.cnbc.com/2018/02/15/us-w...b-10-2018.html

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