Thursday, August 31, 2017

Trump is a typical Republican and promotes Corporate Welfare.

First, Gigrich's legislature creates the working poor with no way of becoming the Middle Class. The working poor was and still is corporate welfare. Places like Walmart developed and office within it's corporation to direct employees to apply for Medicaid and food stamps. That is corporate welfare in a very big way.

August 31, 2017
By Tory Newmyer

...Instead, (click here) Trump relied on some bank-shot logic — some might called it trickle-down — that easing the tax burden on businesses of all sizes will encourage them to invest more in their operations, including their workers, who’d see wages rise faster....

Now with the debt ceiling looming Trump is going to pretend there is an answer to the economy.

To start, what's wrong with the economy? It is doing fine, there is virtually no unemployment and there are very, very appropriate demands for a higher minimum wage WHEREBY companies are no longer on 'the dole' from Washington, DC.

August 30, 2017
By Pete Shroeder and Michelle Price

...The debt ceiling (click here) is a legal cap on how much money the government can borrow to fund its budget deficits and meet debt obligations. Failure to raise it from the current $19.8 trillion could lead to default, sending shockwaves across global markets....

There is no room for tax cuts at the top. The middle class can use a break and encourage upward movement, but, I don't see tax cuts above $250,000 or any corporate taxes. NONE!

This is ridiculous. The country is going to top $20 trillion in debt. What country is going to finance that?


The American people (click here) haven't seen a budget surplus since President Bill Clinton and the following years up to the entrance of the USA into the Afghan War and the illegal and immoral war in Iraq.

President Obama had his hands full. He inherited a failed and failing economy. I think the 2008 global economic collapse is the definitive definition of an economic slump. I don't see the USA economy today has problems. It just doesn't. Obama did a great job. His stimulus of 2009 built a strong country on the right path.

The economy grew strongly to the point where in 2013, the DEFICIT (not the DEBT) was cut in half. FIFTY PERCENT. Five-zero percent. 50% for its height of 9.8 percent of 2009. It only got better after that.

Donald Trump has no problems with the economy or the growing resolve to the national deficit. 

Kindly note, the year President Obama saw a 50 percent reduction in the National Deficit was 2013.

Got that? 2013.
On January 29, 2013, (click here) the Disaster Relief Appropriations Act, 2013, a $50.7 billion package of disaster assistance largely focused on responding to Hurricane Sandy, was enacted as P.L. 113-2. In late October 2012, Hurricane Sandy impacted a wide swath of the East Coast of the United States, resulting in more than 120 deaths and the major disaster declarations for 12 states plus the District of Columbia. The Administration submitted a request to Congress on December 7, 2012, for $60.4 billion in supplemental funding and legislative provisions to address both the immediate losses and damages from Hurricane Sandy, as well as to mitigate the damage from future disasters in the impacted region....

President Obama and Governor Christi found bipartisanship to save the donor state of New Jersey.

President Trump is bragging the GDP is increasing to 3.1 percent. Fine. If the facts back that up, then there is every reason to believe additional taxes from that GDP will reduce the national deficit AND the national debt even more.

The problem with the increase of the USA GDP over three percent is at a far higher cost to environmental insults. This is the growth is the very cause of storms like Harvey.

The only tax cuts I see is to the middle class and working poor to encourage their upward movement and even more growth of the country. With increasing income and wages the need for food stamps will drop naturally with income growth of the working poor and middle class. The same will become true of the Medicaid Extension as more citizens find their income increases. The Medicaid Extension enrollees will have a long runway to reach enough income to 'qualify out' of that important program.

Have a better day.