EPTUS Politics Mega-thread - Page 1637
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Now that we have a new thread, in order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a complete and thorough read before posting! NOTE: When providing a source, please provide a very brief summary on what it's about and what purpose it adds to the discussion. The supporting statement should clearly explain why the subject is relevant and needs to be discussed. Please follow this rule especially for tweets. Your supporting statement should always come BEFORE you provide the source. If you have any questions, comments, concern, or feedback regarding the USPMT, then please use this thread: http://www.teamliquid.net/forum/website-feedback/510156-us-politics-thread | ||
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JimmiC
Canada22817 Posts
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FueledUpAndReadyToGo
Netherlands30548 Posts
How Did the Economic Changes Resulting From the Tax Act Affect the Budget? In the same April 2018 publication that contained its updated economic forecast after the enactment of the tax act, The Budget and Economic Outlook: 2018–2028, CBO estimated that the tax act would increase the primary deficit (that is, the deficit excluding the costs of servicing debt) by $1.843 trillion over the 2018–2028 period. (When this blog post mentions budget numbers, the periods described are in fiscal years.) When debt-service costs were added, the increase in the total deficit came to $2.314 trillion. (A reason for offering both estimates was that CBO does not include debt-service costs in its cost estimates for specific pieces of legislation.) Those projections do not account for macroeconomic feedback. In the same report, CBO also estimated the macroeconomic feedback resulting from the tax act. CBO estimated that the economic changes resulting from the act—not including its effects on debt service—would reduce primary deficits by $0.571 trillion over the 2018–2028 period. The main reason was that the act would boost taxable income and thus federal revenues. (Through 2028, the 2017 tax act was estimated to boost GDP by a cumulative $2.562 trillion.) But the act would also lead to larger deficits and higher interest rates, raising debt-service costs. Once that effect was included as well, CBO estimated, macroeconomic feedback from the act would reduce budget deficits by $0.461 trillion over the 2018–2028 period, bringing the net deficit increase down to $1.854 trillion. Macroeconomic feedback over the period thus offsets about 30 percent of the projected impact on the primary deficit and 20 percent of the projected impact on the total deficit. https://www.cbo.gov/publication/54994 | ||
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xDaunt
United States17988 Posts
On July 06 2019 00:06 FueledUpAndReadyToGo wrote: It's easy to make corporate profits grow when you cut their taxes, and create a 1.8 TRILLION dollar deficit with those missed taxes for future people to deal with You do realize that government revenue is up following the tax cuts (as usual), right? The deficit is a spending problem, not a revenue problem. | ||
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IyMoon
United States1249 Posts
On July 06 2019 00:08 xDaunt wrote: You do realize that government revenue is up following the tax cuts (as usual), right? The deficit is a spending problem, not a revenue problem. Fun note, we have to go back 11 years for government revenue not to increase. It is also increasing very slowly since the tax cuts. Source: https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762 So then why are we raising the military budget? | ||
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FueledUpAndReadyToGo
Netherlands30548 Posts
On July 06 2019 00:08 xDaunt wrote: You do realize that government revenue is up following the tax cuts (as usual), right? The deficit is a spending problem, not a revenue problem. Yes, the tax cuts create a hole of 2.3 trillion, which is slightly compensated by increase income tax revenue, but still leaves 1.8 trillion increased deficit. | ||
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Gorsameth
Netherlands22447 Posts
On July 06 2019 00:08 xDaunt wrote: Beyond normal increases? Because just going up is business as usual. So long as the economy grows and isn't in a recession government revenue will increase year after year.You do realize that government revenue is up following the tax cuts (as usual), right? The deficit is a spending problem, not a revenue problem. | ||
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Dangermousecatdog
United Kingdom7084 Posts
On July 05 2019 23:20 JimmiC wrote: It's creepy as fuck. It's the sort of thing you see Russia and China and North Korea doing. Not something a place with supposedly western values are doing.Just got through the speech. I can see why people who are pro-trump could see it as uplifting. He kept it unpolitical and talked all about how amazing and perfect America was. He also showed off some powerful military hardware to show America's power. On the flip side if you don't like or fear Trump as a guy who is trying to become a dictator I could see how you would see this as not uplifting. If you don't believe him you would see it as hypocritical. You would be scared by the show of military power as this is what dictators do to intimidate their people and others. If Trump makes you feel safe than seeing him with all this power would make you feel safe, if he does not than it is completely reasonable to feel the opposite. It is weird to think that a speech like this could be universally uplifting and not understand that lens someone watches it through makes a huge difference. It would be much like a religious speech. If you believed in that religion and the person making it you would be uplifted. If you did not and think the person was using this speech to capture the hearts and minds of the followers, and thought the person giving it did not believe it/live it. You would be scared and disappointed. Feelings such as "uplifted" are almost never going to be universal because the way we feel is a direct result of what we think. So what you think about Trump is going to change the way you feel about his speech. It doesn't make one group right and another wrong. It is how are minds work. It is much better to talk about what it makes you think and why rather than feel. On July 05 2019 23:53 xDaunt wrote: And so the march towards American Facism under Trump continues unabated under the rallying call of rightist commentary on American Patriotism.Only Trump can pull off the feat of making the Democrats look as if they are coming out against American patriotism and the Fourth of July. The average American isn't going to pick up on the nuance of the leftist commentary on Trump's speech. He'll simply see it as anti-Americanism (which it fundamentally is). | ||
CosmicSpiral
United States15275 Posts
On July 06 2019 00:06 FueledUpAndReadyToGo wrote: It's easy to make corporate profits grow when you cut their taxes, and create a 1.8 TRILLION dollar deficit with those missed taxes for future people to deal with Corporate profits were already overflowing with the botched implementation of QE, which lead to stock buybacks and other trends that technically added to GDP without increasing productivity or purchasing power. The taxes are the cherry on top. On July 06 2019 01:23 Dangermousecatdog wrote: And so the march towards American Facism under Trump continues unabated under the rallying call of rightist commentary on American Patriotism. Seems like all that effort to elucidate what constitutes fascism went to waste. | ||
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ShambhalaWar
United States930 Posts
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ShambhalaWar
United States930 Posts
On July 06 2019 05:00 CosmicSpiral wrote: Seems like all that effort to elucidate what constitutes fascism went to waste. Welcome to the forum. | ||
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JimmiC
Canada22817 Posts
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Dangermousecatdog
United Kingdom7084 Posts
On July 06 2019 05:00 CosmicSpiral wrote: Military parade aren't facism, but the sentiment behind it and xdaunts are. Military parades in USA on independence day as a celebration? That should give you chills. The bad kind. Nation above all. But welcome to the thread.Corporate profits were already overflowing with the botched implementation of QE, which lead to stock buybacks and other trends that technically added to GDP without increasing productivity or purchasing power. The taxes are the cherry on top. Seems like all that effort to elucidate what constitutes fascism went to waste. | ||
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Gorsameth
Netherlands22447 Posts
On July 06 2019 06:42 JimmiC wrote: Having people march for him strokes his ego.While I don't think having a bunch of military hardware in your big celebration makes you a fascist. It is odd that it was important to Trump to emulate what dictators do with their's. It has been more a case of most elected leaders trying to not emulate them. Which brings up why it was so important? I'm guessing he basically wants to show off how "awesome" it is, the same reason he has always made his properties super showy as well. That is 90% of what Trump does, to feed his ego. Its why he likes Dictators, they demand respect, obedience. It all feeds into his rampant narcissism. | ||
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iamthedave
England2814 Posts
On July 06 2019 06:52 Dangermousecatdog wrote: Military parade aren't facism, but the sentiment behind it and xdaunts are. Military parades in USA on independence day as a celebration? That should give you chills. The bad kind. Nation above all. But welcome to the thread. What's the usual 4th of July celebration like? | ||
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ZerOCoolSC2
9062 Posts
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Ben...
Canada3485 Posts
On July 06 2019 08:42 iamthedave wrote: For the Obama administration, they had a big fireworks display. The area closed off around the Lincoln Memorial for Trump's stupid event used to be where a lot of people watched the fireworks from. There's pictures of the Lincoln Memorial covered in people sitting waiting for fireworks.What's the usual 4th of July celebration like? The Obama administration also used to have a barbecue on the WH lawn for veterans and their families. Both seem much better than spending millions of dollars to set up stands and bring in a few tanks for no reason other than to stroke Trump's ego. | ||
Falling
Canada11573 Posts
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ZerOCoolSC2
9062 Posts
On July 06 2019 11:26 Falling wrote: I imagine you'd normally have soldiers marching in your parades? We do up here on July the 1st- at least if near an airbase like my city is. I imagine then the difference is the amount of hardware going down the street? That's a different thing and you know it Falling. This was a presidential spectacle just to show off. Nothing more. | ||
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JimmiC
Canada22817 Posts
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ZerOCoolSC2
9062 Posts
On July 06 2019 11:56 JimmiC wrote: Yes because one is people and one is things. Most people believe valuing and cheering for the people willing to risk their lives for the country is a good thing, people who don't support their wars still tend to feel this way. People shouldn't be valuing things, and those who don't support the wars certainly do not. There is a very clear difference. And to piggy back on this, when I was in the Marine Corps stationed in Okinawa, we never had anything like this. They saw us every day. People in the States see people in uniform all the time, so there is no need to parade them around. They know. We don't need machines displayed in the Capitol to drum up patriotism. If anything, and this is just my own musings, it was half a declaration of might and war mongering, than a celebration of telling the Brits to piss off. | ||
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