>An overwhelming majority of academic economists say in a new survey that the Republican tax proposals would cause America's debt to grow by one critical measure.
>Thirty-seven of 38 experts surveyed by the University of Chicago's Initiative on Global Markets agreed that the GOP tax bills in Congress would cause U.S. debt to increase "substantially" faster than the economy.
>Only one economist — Stanford's Liran Einav — said that he was “uncertain” if the bills would exacerbate America's debt-to-GDP ratio. But after the survey's release, Einav said his response had been a mistake, and that he actually agrees with the economists who expect the debt ratio to soar. (Four other economists in the IGM panel didn't answer the question one way or the other.)
>The surveyed economists were broadly skeptical the bill would produce the type of economic growth Republicans are promising. 52 percent of economists surveyed disagreed with the claim that GDP would be “substantially” higher under the House or Senate bills, while 36 percent said they were “uncertain” they would substantially increase GDP.
>“The idea that these cuts would unleash huge growth is not very well supported, either theoretically or empirically,” said Oliver Hart, an economist at Harvard and one of the experts who responded to the survey. “Almost everyone is extremely doubtful this is going to come out well. This is wishful thinking.'
Right wing retards got played by a billionaire globalist conman from New York City.
Evan Baker
great thread dutch bro i love your stuff
John Edwards
>academic economists Into the fucking trash
Noah Campbell
>muh debt who cares. we are robbing the chinks blind
Joseph Ross
you mean tax cuts for the rich don't pay for themselves with trickle down magic?
say it ain't so!
Jaxson Nelson
This. But it's not like they are Marxist economists or even keynesians.
Austin Smith
China owns our national debt. Eventually we will just default on it. Fuck the Chinese.
Lucas Mitchell
>academic economists >academic
Hudson Fisher
China owns about $1.1T out of $20.5T
u retards need to learn some shit about your own country
Jacob Phillips
LITERAL KEKS
Connor Clark
>economists >don't understand the economy well enough to make 6 figures >job security is best when economy is worse >muh supply and demand
Kek, what a fucking joke of a job.
Jack Gray
>being this much of a cuckitalist
Aaron Peterson
...
Nolan Bailey
this is the same fucking garbage as "economists", "sources", "professionals" but never give the fucking source leader/professional/scientist in said articles. >washingtonpost yeah nah, nigger.
Jose Cruz
Obamaleaf fucking up with strawman from the start.
It's already been stated the bill would produce the debt over 10 years time. No one hides that. It should end up being countered with economic growth, if everything goes right.
There's no point to your post. No context of the plan nor foresight on the issue.
You are fucking retarded.
William Torres
>It should end up being countered with economic growth, if everything goes right.
he thinks tax cuts for soros, buffett, bezos, goldman sachs, pay for themselves with trickle down magic
how many times are right wing retards gunna fall for this meme?
also, i didnt start this thread
Alexander Peterson
When modern day (((Economists))) like Paul Krugman can get away with trying to sell a consistent 1.5% GDP growth in the Obama era to the public as "as good as it gets" or "an economic upturn", then I don't believe a single word out of their mouths.
Jordan Reed
>He thinks the tax cuts are just for "DUH 1%" Fuck off, cunt. What about small businesses?
Juan Taylor
Obama created 16 million jobs, cut unemployment in half, and cut the budget deficit by 2/3
maybe u retards are focused on the wrong metric?
Adam Evans
Obama doubled the debt.
Ryan Morris
...
Brandon Collins
All political parties rely on donations. A lot of that money comes from citizens. Citizens tell them to do something or face lose of donations. Civil action embodied. >cuckitalist
Fuck off, commie.
Levi Peterson
>this retard has no fucking clue what a deficit is
Oliver Martinez
>money, the rich and corporations are inherently evil More strawmen please, I'm going to start my own pagan hippie festival.
Tyler Reyes
>more money = more say in party policy = more power >just buy democracy :^) Don't you just love it when the rich run everything?
Brody Roberts
>citing WaPo Reddit is down the street.
Jackson Ross
Obama doubled the debt.
William Martinez
OBAMA LEAF NO! No one cares about the deficit moron, having an increased debt if fine as long as your GDP goes up with it, but by looking at your country I'm fairly certain most of you guys are economically illiterate.
Maybe u retards should try actually pulling up the jobs data instead of falling for fake news headlines from ZeroBrain and investors.com
Parker Gray
Mine get cut too, stupid shit. Corporate tax was slowly strangling our economy. Fuck that.
Charles Bennett
...
Dylan Myers
this can't be real
Luis Campbell
>trump wont win the nomination >trump has 98% chance to lose >stock market will crash if trump wins >trump will be impeached in his first year and so on
Joseph Murphy
>Corporate tax was slowly strangling our economy.
Must be why corporate profits are at all time highs. $7 TRILLION a year
my god how retarded are you
Eli Ward
Quads of absolute truth.
Gavin Fisher
Because they've been using loop holes. Loop holes are now gone with this new bill. You evidently don't know shit.
James Rogers
he doubled the debt
Robert Taylor
>Loop holes are now gone with this new bill.
no they're not
why do u keep making shit up
lol the carried interest loophole was the one loophole trump talked about during the campaign and he didn't touch it
u said
>>Corporate tax was slowly strangling our economy.
why did u lie? corporations are making $7 trillion a year. they're not strangled
John Evans
Keynesian economics is objectivily right
Chase Martinez
Oh, shoosh. They don't go far enough.
Camden Nguyen
>doesn't know so doesn't prove me wrong, just says I'm wrong Read the proposals and actual bill, you dumbfuck.
Leo Reyes
>implying reducing the deficit mean anything at all with the current level of debt and the inflation rate
You'll be able to claim its an improvement when it start to fall into the negatives and you're actually pulling out more money than you're putting in, else its just augmenting the flow of a dam that is already falling into pieces, as to pointlessly postpone the inevitable instead of shutting it down and rebuilding it properly this time around.
Jose Perry
Obama doubled the debt.
Dylan Flores
>tax cuts for corporations not individual billionaires >not knowing their income is mostly capital gains >not understanding basic economics This is why econ is a liberal arts degree now
John Parker
well ya we need to cut spending... but its hard to do both at the same time. so they're going with cut taxes now, cut spending later.
Leo Turner
can please you post a screencap of your folder of laughing dodger gifs?
Henry Bell
Do you commies realize the USA has the highest corporate tax rates in the world? Not only that, the ultra rich don't usually receive their wealth through a paycheck; capital gains is a better target.
Jaxon Rivera
Putting Microsoft Word text over a graph doesn't make your text true. Made me chuckle though
Jackson Kelly
>mudslime posts bait from shareblue >retards reply without sage in options idiots
Jace Torres
1 out of 1 Frederic Mishkin's maintain that the Icelandic economy is very strong
James Sanders
please address what i said
>Loop holes are now gone with this new bill.
no they're not
why do u keep making shit up
lol the carried interest loophole was the one loophole trump talked about during the campaign and he didn't touch it
u said
>>Corporate tax was slowly strangling our economy.
why did u lie? corporations are making $7 trillion a year. they're not strangled (You)
Easton Perez
obama doubled the debt
Jack Gomez
The debt always grows. Every year of our lives, and no one has tried to lower it ever.
Eli Edwards
>people who have extensively studied national and global economics for years vs. >cutting all revenue from the federal government without cutting entitlements and hoping money from the Money Gods meets the difference
hmm
Elijah Myers
billionaires are getting estate tax repealed
u cuckboy good soyim got played by a billionaire globalist conman from NYC
and then on top of that u cucks think that Goldman Sachs needs a TAX CUT
look at the 2 graphs and do the math u fucking retard
Jacob Clark
These are the same people who said we couldn't hit 3% GDP growth since Obama failed to do it 8 years in a row.
Aiden Evans
most right wing retards don't even acknowledge the existence of revenues
to them it's a myth, like climate change
it's why they can't be trusted with money
Julian Hall
>take in less money >spend less money
Wew.
Nolan Murphy
obama doubled the debt
William Morgan
(((economists)))
It only gets played out when it also stops being true.
Jose Martin
>The original tax bill contained the old carried interest provision unchanged.
why do u retards do this to yourselves?
why do u make it so easy for me?
Jacob Taylor
Sweden is among the most taxed nations in the world.
Yet the healthcare is failing miserably, hospitals in smaller cities are closing down. Constant grenade attacks in Malmö, burning cars in several cities. Our police force is dwindling down everyday. And our roads are getting worser.
Removing snow from the roads, which is a very serious issue (this country would literally not function at all and grind to halt if we do not plow the roads good enough) are also failing, getting worsening every year. Not all in one huge go, just tiny bits. More and more.
It's happening in little bits. And you want to tell people that having high taxes work? Get the fuck out of here you fucking dumb weed toking stoner. Not to mention the regular cheating going on with companies moving shit off-shore because again. The taxes are to fucking high. Happens all the time. We are not quite there yet, but slowly the globalist/jew has added "life" support, just barely enough so the country can get by without crashing on it's knees, in order to sell our "communist with a dash of capitalism" on the side as something supposedly good.
The healthcare etc is free as in you get to sleep. on a bed. In the fucking corridor (with alot of noise. Fuck it if you are slowly dying, try to rest a little), bleeding from your head being a total fucking wreck. Or how about my father who had to wait 6+ hours for the results to find out if it was just a fluke or his heart was giving up and he could die at any moment?
How about the nurse who almost yanked the blood drain out of my father arm at another time because she could give less of a shit because she is paid such a abysmal salary that you earn more driving a trash truck? People stop giving a shit if they don't get paid a livable wage. That's the truth.
Nolan Wood
obama doubled the debt
Hudson Wright
>WASHINGTON POST
WP is not a news agency they just parrot what MSM and buzzfeed says.
Jayden Turner
That's more people than the 65% that support an AWB!
Asher Walker
Are those economists the same who couldn't foresee the GFC? Who couldn't foresee anything in the economy.
Bunch of useless cucks.
Mason Ward
The crash doubled the debt, Images in this very thread show how the deficit grew due to the crash. The thread was towards surplus and reducing the debt, but these cuts are gonna make it even worse without a crash to justify it.
William Wilson
The US has a $700 billion budget deficit and $20.5 Trillion national debt
this is a retarded time for tax cuts for the rich
republicans are just serving their donors
Connor Richardson
Welp I guess it’s time to get rid of healthcare and welfare. Time to make the boomers pay and suffer for what they did to us.
Wyatt Johnson
Not Americans, euro cucks or shitskins
Jace Long
obama doubled the debt
Gavin Johnson
autistic low IQ retard
James Peterson
You've said that already, shut the fuck up about it.
William Lee
$10 trillion before Obama came into office.
But you don't give a fuck about that, do you.
Joshua Foster
obama doubled the debt
Jaxson Edwards
Actually we do
Josiah Long
>original Not the current. Reading comprehension and critical thinking must not be taught in Obama Canadian Commie Community College.
Jaxon Ramirez
Good, estate tax is retarded. Sorry your parents didn't try to leave you anything.
Xavier Bennett
I do. He inherited an economy on the brink of complete collapse. He inherited a $1.4 TRILLION budget deficit and reduced it by 2/3
why don' t republicans ever cut the budget deficit? ever? why do they always explode it
Carter Miller
obama doubled the debt
Daniel Jones
Estate tax is good and should be MUCH higher.
Ian Diaz
It's not in the current bill either.
>The compromise still needs the support of influential Sens. John Thune and Orrin Hatch (Finance Chair) as well as, Rep. Kevin Brady (House Ways and Means) to see it come to fruition,
and it wasn't in the House bill that passed
do u actually enjoy getting btfo by me?
Blake Myers
>(Four other economists in the IGM panel didn't answer the question one way or the other.) Although it doesn't discount the message, this shows just how dishonest the media can be. You can't just take people out of the group if they don't say yes or no. So 37-38 out of 42 economists said it. Why did they even need to lie here, ~90% doesn't change the message.
Jonathan Sanders
obama doubled the debt
Blake Clark
Estate tax only targets wealthy families. Let's fuck the rich... because they're rich! Fuck off.
