Creating Trillions out of Thin Air

Help Support Ruger Forum:

markap

Bearcat
Joined
Aug 27, 2008
Messages
10
Probably important to remember a few things...Candidate Trump promised to eliminate the debt in less than 6 (I think) years. Instead he has added to it by at least a trillion. Cutting taxes and adding stimulus dollars are necessary during recessions but should be reversed during times of surplus to repay earlier expenditures. Didn’t happen. A huge portion of the last tax cut went to stock buybacks instead of payrolls or investments. Plans are a foot to make sure that it doesn’t happen this time

Trumps pushing of Powell over the past 3 years to lower the fed rate to keep his economy looking good has left the fed with no margin to work with now
 

LDM

Blackhawk
Joined
Nov 16, 2015
Messages
587
"A billion here, a billion there. Pretty soon you're talking real money." Everett Dirkson.

Unfortunately we don't have real money. The only thing that backs up the dollar is the "good faith and credit" of the federal government. The thinking is that the feds have an infinite supply of credit and can keep racking up deficits.

My concern is if this "stimulus" fuels inflation, then we will have greater problems in the near future.
 

markap

Bearcat
Joined
Aug 27, 2008
Messages
10
Bull Barrel said:
You don't need to increase taxes when things are good. People spend money which increases the amount of tax revenue.
If cutting taxes stimulates the economy why would you raise taxes?

Only if lower taxes stimulates spending instead of saving or stock buybacks, and to repay the debt incurred by the loss of tax revenues (which is what happened) . And so you have room to lower for the next recession
 

Latest posts

Top