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  1. #1291
    Wax Waster Ronkh's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by artm3 View Post
    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...........
    Formerly the "Best Detailer", now just Super Wax Waster Man. Not necessarily tactful, but normally right. It`s good to be da King !!!

  2. #1292
    artm3's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by Ronkh View Post
    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
    ////AMG

  3. #1293
    artm3's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by Ronkh View Post
    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
    ////AMG

  4. #1294
    Wax Waster Ronkh's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by artm3 View Post
    they told the government
    sec
    etc
    as required by law
    unless they lied
    Yeah, big brother knows all
    Formerly the "Best Detailer", now just Super Wax Waster Man. Not necessarily tactful, but normally right. It`s good to be da King !!!

  5. #1295
    Wax Waster Ronkh's Avatar
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    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.
    Formerly the "Best Detailer", now just Super Wax Waster Man. Not necessarily tactful, but normally right. It`s good to be da King !!!

  6. #1296
    artm3's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by Ronkh View Post
    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
    ////AMG

  7. #1297
    artm3's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by Ronkh View Post
    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
    ////AMG

  8. #1298
    Wax Waster Ronkh's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by artm3 View Post
    the farmers will be hardest hit in the trade war
    Dunno.

    My appetite been good since meds.
    Formerly the "Best Detailer", now just Super Wax Waster Man. Not necessarily tactful, but normally right. It`s good to be da King !!!
    Likes Stokdgs liked this post

  9. #1299
    Founder Poorboy's World Poorboy's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by Ronkh View Post
    Dunno.

    My appetite been good since meds.
    that`s good and who eats vegetables anyhow?

    ooops ..edit .. i need onions for my onion sauce
    life is short ..do it while you can

    e-mail info@poorboysworld.com
    Likes Stokdgs liked this post

  10. #1300
    Wax Waster Ronkh's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by Poorboy View Post
    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
    Formerly the "Best Detailer", now just Super Wax Waster Man. Not necessarily tactful, but normally right. It`s good to be da King !!!
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  11. #1301
    artm3's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by Ronkh View Post
    Dunno.

    My appetite been good since meds.
    business for `farmers` in CO should pick up
    ////AMG

  12. #1302
    Wax Waster Ronkh's Avatar
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    Re: The Unofficial *Official* Politics Thread

    and my food eats vegetables to become my food
    Formerly the "Best Detailer", now just Super Wax Waster Man. Not necessarily tactful, but normally right. It`s good to be da King !!!
    Likes Stokdgs, Coleroad liked this post

  13. #1303

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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by artm3 View Post
    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...

  14. #1304
    artm3's Avatar
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    Re: The Unofficial *Official* Politics Thread

    Quote Originally Posted by JBM View Post
    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
    ////AMG

  15. #1305
    artm3's Avatar
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    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.
    ////AMG

 

 
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