Why do Republicans always destroy the economy?

Why do Republicans always destroy the economy?

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washingtonpost.com/news/business/wp/2018/01/31/federal-debt-limit-deadline-moved-up-to-mid-march-adding-urgency-to-another-congressional-task/?utm_term=.4c096f39e2c8
ctvnews.ca/politics/federal-economic-outlook-improves-deficit-projected-at-19-9b-in-2017-18-1.3646888
apple.com/newsroom/2018/01/apple-accelerates-us-investment-and-job-creation/
youtu.be/CKCvf8E7V1g
youtube.com/watch?v=GkAtUq0OJ68
businessinsider.com/how-bill-clintons-balanced-budget-destroyed-the-economy-2012-9
investopedia.com/news/warren-buffetts-berkshire-gains-37-billion-tax-cuts/
twitter.com/SFWRedditGifs

because they're rural and suburban retards.

the debt will never get payed we will go to war first

but muh dow jones

>defict is not good for economy

When this whole debt bubble pops it’s going to get really ugly.

Arm up boys

really makes u think

Maybe americans in general could learn to control their fucking spending

u don't have money for a war, mutt

this isn't 1939

ffs

Why do dems want this extinct?

>we will go to war first
so basically all institutional investors refuse to buy your bonds because you refuse to pay them, and now you no longer can borrow money

dotcom bubble happened under his watch

>Sending all the jobs outside the US because of high taxes will fix the deficit

dot com bubble 2.0 is happening under Trump's watch

This.
Cut welfare for illegals, nigs, and even some white trash and the problems pretty much is over.

Because globalists own the banks and Wall Street.
And anytime someone attempts to do something conservative, the globalists punish them.

Seroiusly, look at this shit.
Why does the US spend money on this shit?

Because they got subverted by Trotskyite kikes roughly 30 years ago and only care about Israel and the MIC

...

Its not hard to even balance the budget, NZ has been in surplus since 95 with the exception of the GFC

NZ doesn't have Republicans who think that tax cuts pay for themselves with trickle down magic

Federal government will be unable to pay all bills sooner than expected, due to new tax law
washingtonpost.com/news/business/wp/2018/01/31/federal-debt-limit-deadline-moved-up-to-mid-march-adding-urgency-to-another-congressional-task/?utm_term=.4c096f39e2c8

...

>NZ doesn't have Republicans who think that tax cuts pay for themselves with trickle down magic
exactly you have to maintain your revenue while cutting your spending

The democratic party would cease to exist if welfare was cut.

Republicans think revenues are a liberal hoax

Q predicted this

also they have so many exceptions and loopholes in their income and corporate taxes that I am surprised they get any revenue at all

They have to serve their Koch masters.

Borrowing money is f*cking Jew cancer. Nothing good comes of it.

whites like us a ugly criminals that deserve eradication.

so the US can immediately cut 400 billion dollars then?

Oh wow. They created a bubble and popped it so they could fund a war no one wanted. Awesome

FFS the yanks need to take a knife to their spending

Because the modern republican is not a conservative, they belong further left

they're fucked man

Trump is running a $1.2 trillion deficit, and they want to spend $1 trillion on infrastructure and an extra $100 billion a year on military

republicans are delusional

they think money grows on trees

Canada is not that much better with 92% debt to gdp

Actually gibs are the reason the economy is shit.

>so basically all institutional investors refuse to buy your bonds because you refuse to pay them, and now you no longer can borrow money
The bonds are to be paid back in USD. A currency that the US government can literally create in unlimited amounts. People that buy bonds are the suckers.

Our deficits are under control

your budget is still in deficit and when the next shock comes Canada, America and Europe will be fucked

whos going to stop us

The Rioting Poor

Federal economic outlook improves, deficit projected at $19.9B in 2017-18
ctvnews.ca/politics/federal-economic-outlook-improves-deficit-projected-at-19-9b-in-2017-18-1.3646888

1% of GDP deficit is a lot better than Trump's 5%.

>deficit projected at $19.9
The World is right now in a boom cycle and if your still deficit spending during that then you are fucked

>they think money grows on trees
No, it grows in transistors and is harvested every time a loan is made. Imagine knowing about fractional reserve currency and thinking the debt means ANYTHING.

they cant help it, their fundamental dogma is tax cuts create jobs, if they ever took econ 101 and learned that this is a myth, their reason for living would be lost

priceless

military is gibs, social security and medicare are funded with payroll tax that needs adjusting, they are insurance programs not gibs programs, but conservatards will never understand the difference

the US is running a $1.2 trillion deficit

the size of the deficit matters

exactly this

they see the huge Social Security and Medicare expenditures but these retards have never had a paycheque in their lives so they don't know those are financed by payroll taxes

not to mention it's mostly old white fox news boomers on those programs

I'd say both main parties fuck things up in their own way. Maybe Republicans do need to raise taxes every now and again, but spending could do with some cutbacks too. It looks like special interests have too much of a grip over politics, though.

Ideally there could just be a flat tax, but raising taxes on high personal income ("""progressive""") alone would be better than going after companies. At least to get things under control. The gibs need sorting out too, though. Reforming healthcare and education to be more "universal" could be good if you can get the immigration problem sorted. Haven't looked too much at military spending to know if a decrease or increase in spending would be best.

>the size of the deficit matters
they can have a larger deficit because than you because they are a larger country

1% of GDP and stable/falling vs 5% of GDP and spiking

I don't see the Republicans who have control of Congress and the White House cutting any of that though. When it's 8 years of a Democratic president, apparently nothing can be spent. But when a Republican is in the White House, suddenly fiscal conservatism goes right out the window.

every time

Ok Mr business what companies in particular? what sectors of the economy ?

tech

they should also lower income tax rates and create a GST

what type of "tech" that's a pretty broad statement. The dot.com bubble was just that the HUGE increase and profit of .com companies. So what is the current bubble specifically?

Is something big other than the memo going on?
So many shill threads this looks like fucking liberal twitter.
Fuck is going on?

To be fair I know that Reagan increased military spending as part of his Cold War effort. Clinton cut back after the fall, IIRC. Bush 2 obviously had high spending due to Iraq amongst other things. Not saying I agree with the Iraq decision, though.

dude they can't afford to lower income tax rates. the bitter truth is that EVERYONE's taxes are going to have to go up if america is going to get real about their fucked fiscal position.

the problem is that all of republican ideology is based on the myth that u can cut taxes and get more revenues so they're just fucked

this year is gunna fuck them up hard

there was minor talk of a national sales tax in 2009 when their economy crashed and deficit exploded but fox news was already screaming about muh socialism. no fucking chance america would go for it

>. The dot.com bubble was just that the HUGE increase and profit of .com companies.

there's even more of that now

>dude they can't afford to lower income tax rates
I Just said they could if they also introduced GST to make up for the revenue

knowing americans, they'll cut the income tax and forget to put in the GST

Trumps corporate tax cut, which is going to be real trickle down shit, unlike obama's stock market which took place over not 1 but 4 qe central bank black magic sessions will actually bring real dollars into that market that will pay real tax create real jobs and NOT HAVE TO BE REMOVED FROM THE MARKET BECAUSE ITS ARTIFICIAL.. you fucking retards.
here's an example.
apple.com/newsroom/2018/01/apple-accelerates-us-investment-and-job-creation/
350 billion dollars brought back to the us because of a decrease in corporate taxes.. that will pay taxes and create jobs to stimulate the economy and those will also pay taxes.

WHEN DID QE CREATE JOBS OR PAY TAXES? it was banks propping up other banks and robbing the american people.

Less revenue without regard for cutting spending in any meaningful way.

They're caught in the grip of a failed ideology. Tax cuts can indeed be stimulative if they're for the right people, but the wealthy simply don't consume as much as the vast middle class. Also, most of the public, and GOP, fails to understand what constitutes the federal budget. When people get a look at where money is spent, they tend to support increasing spending rather than cut it, including GOP voters.
youtu.be/CKCvf8E7V1g

I don't disagree with having little to nothing in the way of corporate tax in principle. The way I look at it, even if you want to "get the rich" it's not all that productive to go after companies that can employ more people or raise wages and then have them pay tax.

Don't just stand there and deny the fact that Obama presided over the country during it's biggest increase in the national debt in history

>Muh welfare

You do realize that welfare is virtual insignificant compared to the other shit we spend on? Without welfare, crime could skyrocket which means more tax dollars towards policing and prisons. I'm not saying welfare is a good thing, but Sup Forums's one dimensional view on this topic is fucking retarded.

Apple is the most profitable corporation in the world. They make $40 billion a year in PROFITS. Why would u be so retarded to think that they needed a tax cut to invest?

Shithole countries generally demand less pay. Could be good for tech research, too. It would be better to tax high earning employees themselves if they start getting increasingly massive payouts and you need to balance against spending.

No it would be better to tax corporations on their profits.

>better to tax corporations on their profits.
no it wouldn't since they pass that onto burden onto consumers in the form of higher prices but if you tax the owners of the shares that way you will actually receive the income

Lol this is the most retarded corporate propaganda shill talking point I've ever heard. Conservatards don't understand how corporate income tax works.

Revenues - expenses = profit

Corporations write of all their costs and only pay a tax on what's left over.

They don't pass the corporate income tax burden onto consumers.

You have to be retarded to think that Apple is gunna reduce the price of their iphone by $200 because they got an income tax cut.

>ou have to be retarded to think that Apple is gunna reduce the price of their iphone by $200 because they got an income tax cut.

most retail business operate having a set margin and if you increase corporate tax then they will have a lower profit margin for them and the only way they make that up is rising prices

you're not entitled to a set margin

lol that's not how business works

A corporations making $40 billion in profits didn't need a tax cut.

I get that u want to shill for more billions for Tim Cook. But I don't think he needs it.

and Apple is not considered a retail business. They have retail stores but that's not their core business.

The economy crashed in 2008 because of
Bill Clinton's lending bubble you dumb lying fuck.

Nobody needs a tax cut, but try looking at the bigger picture.

The fact is that a company is not a fat cat. Employees have a stake in their company doing well and not shifting abroad or axing jobs. I know going after "the rich" is a typical left-wing argument, but if you perceive the rich to be taking more than their fair share then you should go after them directly with tax hikes and shutting loopholes.

u mean Bush

u can't dindu an entire 8 year Republican presidency

youtube.com/watch?v=GkAtUq0OJ68

>The fact is that a company is not a fat cat.

The most profitable corporation in the world is not a fat cat? They make $40 billion a year in profit. What was stopping them from hiring more?

>and Apple is not considered a retail business.
no shit, but but if you increase corporate tax you hurt every other business in the whole country

>what is a bubble, and why does it take years to burst?
Its a well known fact that subprime mortgage lending under the Clinton administration caused the recession in 2008 you stupid piece of shit.
businessinsider.com/how-bill-clintons-balanced-budget-destroyed-the-economy-2012-9

The government deficit financing corporate profits is one of the dumbest public policies i could think of

>You do realize that welfare is virtual insignificant compared to the other shit we spend on?

It isn't.

lol no u don't

Corporations only pay income tax on their profits.

It's a well known fact that after Republicans crashed the economy, they had to dindu an entire 8 year Republican presidency.

youtube.com/watch?v=GkAtUq0OJ68

>It's a well known fact that after Republicans crashed the economy
>posts jewtube videos as an argument.
>Bill Clintons financial bullshit is referred to by American economists for years and years when the subject of the 2008 recession is brought up
Now I know your just a troll.
There is a reason why your country is called
Canada.

listen to bush's own words u filthy fucking dindu

youtube.com/watch?v=GkAtUq0OJ68

>lol no u don't
yes you fucking do, all business have to pay the corporate tax on their profits

they get to write off all their costs

they only pay tax on what's left over

you're just shilling so your billionaire globalist elites can get richer

i hate u shills so much

Warren Buffett's Berkshire Gains $37 Billion from Tax Cuts
investopedia.com/news/warren-buffetts-berkshire-gains-37-billion-tax-cuts/

>you're just shilling so your billionaire globalist elites can get richer
If you are against billionares then you should be for raising Income tax not corporate tax

I haven't extensively studied the company in question, but I'm guessing shareholders and executives and whoever else wanting a bigger slice. There's also outsourcing and the need for research to stay ahead, as I mentioned earlier. Profits don't just go directly into the pockets of the owners, though.

The point is if you can hit high earners directly with a higher tax you can get money back that way without going after the company directly. If a bigger payout looks like a much higher percentage then that could discourage higher payouts in the first place and allow the company to reinvest more.

You do kinda look like you're trolling at this point.

lol the savings from corporate tax cuts go OVERWHELMINGLY to the top 1% but thinking those one time $1000 bonuses is where all the money is going

>hit high earners directly with a higher tax you can get money back that way without going after the company directly.
exactly because if you raise corporate tax you also hit small and medium size businesses but if you raise income tax you only hit the wealthy

why are you against raising income tax?

I'm not trolling. I do agree with higher taxes on the rich and on capital gains and dividends. But I sure as fuck don't think that corporations already making billions in profits need tax cuts.

US budget deficit is $1.2 trillion and rising btw

On the top 1%? I'm not.