Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
artm3
their numbers are usually optimistic and often do not account for debt, especially if convoluted transactions
I`d be surprised if trump is actually worth 3 bil after obligations/liabilities
wilber ross claimed >2 bil
he`s off the list now, his sworn government disclosure: 0.7 bil
not that it matters
but why lie when the truth will serve you just as well?
I wouldn`t even tell my mother what I was worth...........
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
Ronkh
President Trump`s fortune is down $400 million on Forbes World’s Billionaires list tumbling 200 spots. His voters appreciate the economic sacrifice which flies in the face that Trump is using the White House to become richer.
he`s using it to stem losses and gain influence and connections
his profit from resorts has gone up some
it`s real estate and debt killing him
his tax cuts will save him 30 mil due to elimination of the alt min tax
buffett/berkshire tax savings this year:29 bil
40% of the total 75 bil corp cuts
the deficit is going to skyrocket
revenue down: huge budget increase
not that it matters much
the corp cuts are closer to 225 bil
the difference being made up by middle class increases affecting about 40% of them
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
Ronkh
I wouldn`t even tell my mother what I was worth...........
they told the government
sec
etc
as required by law
unless they lied
they access bank records, tax records, real estate records to verify
I just got audited on my financial disclosure
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
artm3
they told the government
sec
etc
as required by law
unless they lied
Yeah, big brother knows all
Re: The Unofficial *Official* Politics Thread
Funny, after replying to thread, I went to file something and found the accounting for my divorce. :(
Yep big brother knows all.
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
Ronkh
The same people responsible for our $800 billion dollar trade deficit are now telling Trump he is fixing it the wrong way?
WE are responsible
walmart
electronics
cars
aldi`s
ad infinitum
free market
the farmers will be hardest hit in the trade war
then us, the consumer
then our retirement funds
bush did it in 2004, massive fail
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
Ronkh
Funny, after replying to thread, I went to file something and found the accounting for my divorce. :(
Yep big brother knows all.
ouch!
been there, done that, she got the tee shirt
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
artm3
the farmers will be hardest hit in the trade war
Dunno.
My appetite been good since meds.
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
Ronkh
Dunno.
My appetite been good since meds.
that`s good and who eats vegetables anyhow?
ooops ..edit .. i need onions for my onion sauce :(
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
Poorboy
that`s good and who eats vegetables anyhow?
ooops ..edit .. i need onions for my onion sauce :(
and I think the red is tomato sauce
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
Ronkh
Dunno.
My appetite been good since meds.
business for `farmers` in CO should pick up
Re: The Unofficial *Official* Politics Thread
and my food eats vegetables to become my food
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
artm3
he`s using it to stem losses and gain influence and connections
his profit from resorts has gone up some
it`s real estate and debt killing him
his tax cuts will save him 30 mil due to elimination of the alt min tax
buffett/berkshire tax savings this year:29 bil
40% of the total 75 bil corp cuts
the deficit is going to skyrocket
revenue down: huge budget increase
not that it matters much
the corp cuts are closer to 225 bil
the difference being made up by middle class increases affecting about 40% of them
where was the outcry when obama increased it more then all presidents combined....
I don’t think it would work unless the jobs come home, we drill tons of oil, and things get back to the way they should have been before we tried to create a middle class in every country in the world...
Re: The Unofficial *Official* Politics Thread
Quote:
Originally Posted by
JBM
where was the outcry when obama increased it more then all presidents combined....
I don’t think it would work unless the jobs come home, we drill tons of oil, and things get back to the way they should have been before we tried to create a middle class in every country in the world...
actually reagan had the largest % increase in history
and that is still snow balling
calc interest of say 5% on 2 tril for 20 years
pv = 2 x e^(20 x 0.05), that`s what the 2 tril would be in 2008
obama
aging population
2 wars
bush tax cuts
unfunded prescription drug plan
interest on the 10 bil
lower revenue to to the recession
market 13000 to 6500
unemployment <5% to 10%
trump
unemployment <5%
market from 6500 to close to 20000 in 6-7 years
no major conflicts
but I said it doesn`t matter
no `outcry`
imo it does not matter
Re: The Unofficial *Official* Politics Thread
https://www.google.com/amp/amp.timei...aring-the-debt
not saying it`s any one admins fault, more so congress and the `physics` of an aging population, expensive healthcare and military spending equal to the rest of the world combined (13 x china with 1/5th the population)
As for total debt, the CBO last predicted borrowings of $25.5 trillion by 2027. According to Riedl, the tax cuts, new discretionary outlays and additional interest on the extra spending could add $5 trillion to that number, bringing the total of $30 trillion. That’s 107% of the national income estimate projected by the CBO. The scariest unknown is what happens to interest expense. At $25.5 trillion, the CBO forecasts outlays for interest of $818 billion in 2027. Going to $30 trillion will raise the load to over $1 trillion. One dollar in seven in spending would be going to interest, versus one in 15 today.