You know the old saying about “Fool me once, shame on you; fool me twice, shame on me”. Well, it has never been so true. Last week, Donald Trump revealed his economic plan, and could you guess that it was more trickle-down economics. He is going to lower taxes on the rich dramatically, cutting the highest tax rate to only 33%, and lowering the corporate rate from 35% to 15%. He is also going to institute a “moratorium on federal regulations”. What kind of regulations? Well, he suggested eliminating the Environmental Protection Agency’s rules for lowering carbon emissions from coal-fired plants. So more global warming and more pollution!
In other speeches Trump has promised to increase military spending. Where is this money going to come from? He doesn’t say, but he also promises that his plan will reduce the federal deficit. Independent analysis of his plans “estimated they will bloat the US deficit by trillions, even after economic growth is taken into account”. So even if trickle-down economics somehow magically works this time and stimulates the economy, we will still be passing on huge debts to our children. You know the huge debts that Republicans have been screaming about for years that will destroy our country.
The last person who sold us this putrid bill of goods was Dubya Bush, and anyone still supporting Trump obviously doesn’t remember how that turned out for us.
Trump also promises that the economy will grow at more than four percent. Ironically, the last time the economy grew that fast was when Hillary Clinton was in the White House as First Lady.
What should be the response to “fool me three times”?
7 Comments
You keep posting about the unimportant stuff. This is all white noise. The important part is to keep America safe, keep out the immigrants, more guns, and most important, making sure gays, women, and blacks are put in their place, that place, preferably any place but here, (except for the good looking women, they can stay as long as they shut up and do what women are supposed to do).
Trump has taken all the worst ideas of the Republicans over the last 40 years and elevated them to new levels of disastrous. There are lots of jokes about people moving to Canada, but in this case it might actually happen. Maybe the only thing that can wake people up is total disaster, economically, socially, environmentally, and probably some “allys” I haven’t thought of. All those voting for him, were the targets of all his schemes over the years and they are being suckered again. A gigantic, horrible proof of the saying you can’t cure stupid. Since you can’t cure it then get it to vote for you. Trump will make us long for the Bush family. Heck I’m already longing for a Bush, any Bush.
By God you’re right. I stand corrected.
The corporate tax rate is a bad joke within a worse joke. Any corporations of size or savvy know how to use the existing loopholes (which they lobby for and help write into the code, compliments of a bought and paid for Congress) to pay much less, if any, taxes ostensibly owed. GE is the poster child for this. Add in the strategies of offshoring profits and the argument that any taxes they do pay are ultimately passed on to the consumer, and you have a situation where you’re trying to get blood from a stone.
I’m not an accountant or economist but whatever we’re doing now isn’t working and I wouldn’t hold my breath waiting for Congress to fix it. Seems more like they’re in on the “fix”!
http://www.americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/
Padding the military is a sure fire way to fire up the Republican base, and so Democrats feel obliged to follow course, despite our budget being larger than the next dozen countries combined. Besides, I understand the military budget has practically doubled over the last 15 years! Personally, I think we should be significantly increasing the budget for the VA to take care of all the damaged veterans created from the unjustified military adventures embarked on since 9/11. Instead of, you know, knee-jerk (emphasis on the last syllable) Republicans blaming Obama for all its shortcomings.
Well IK, I’m glad somebody stands corrected. My work here is done. đŸ˜‰
Ralph I hate to say it, but I think we’ve gone past the point of no return. The dumbing down is in full effect and there probably is no return. When you have a large percentage of the populace who are anti-science, proud of their ignorance, and busy breeding like-minded children, we are doomed. I always assumed that Trump would stick at about 30%. That’s the hard core group that makes up the crazies on the right. But now that he’s polling in the high 40’s, I just think we just tipped over the cookie jar. Unless, and it’s a big unless, the lefties who are voting other parties wake up and return to the fold. Another thing I’m hoping, is that the polls are just wrong.
Blow off “waking people up”, especially by new improved trauma. New improved trauma usually just sends people into a deeper coma. You want people to wake up? Make sure their rest is quiet!
I’m in favor of deporting all white males in this country because of the terrorist action on April 19th, 1995. That, of course, would include Trump and his son Skittles.
Ebdoug, who would agree to take them? Particularly the Trumpskittles. Maybe Russia. That would be good. I’m sure Putin would love to offer them a place to live. How long do you think it would take for one of them to offend Putin and they would all be moved to a nice little shack in Siberia. But you can’t have my husband. He’s too old and never hurt anyone. In fact, after a few years of our marriage, (50 years in November of this year), I converted him to voting Democrat.
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[…] Trump and his surrogates immediately tried to claim that this proves that Trump is smart. Trump himself said “I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them.” But he’s already released his plans to revamp the tax code, and all they contain are more tax breaks for the rich. […]