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Tue Nov 26, 2019, 09:20 PM

Thanksgiving Budget Retorts

Crazy Cousin: The trade war is smart because the tariffs are making the Chinese pay their fair share now.

You: Um, yeah. The tariffs are a tax paid by Americans on products from China. The Chinese government isnít mailing us a check. Tariffs cost us about $29 billion more in 2019 than last year plus another $28 billion the government has promised farmers harmed by the trade war. And the trade deficit increased $24.8 billion from this time last year to reach $481.3 billion.


Raging Uncle: We must build a wall along the southern border, no matter how much it costs.

You: Actually, there are already 654 miles of fences or walls along the 696 land miles of the southern border. The Rio Grande River forms 1,254 miles of the border, where no physical barrier can be built that will disrupt the flow. Any effort to build more fences or walls will not just cost huge amounts of money, it will require the US government to condemn private property (which is a forced sale) and trap US territory on the Mexico side.


Nutty Nephew: We need to spend more on national defense. Obama gutted the military.

You: Dude, what are you smoking? Defense spending just keeps going up and up. Congress just proposed spending $738 billion in fiscal year 2020 and $740 billion in fiscal year 2021, which is Ė adjusted for inflation Ė more than defense spending during the Vietnam and Korean Wars.

Big biz brother: The 2017 tax law was the reform we needed.

You: What reform? Instead of cleaning up the code and getting rid of scores of tax expenditures to drive down rates, we got a deficit-financed tax cut thatís going add trillions of dollars to the debt. The cuts on the individual side of the ledger all expire in a few years. The permanent ones for companies have led to stock buybacks and increased dividends which have goosed the stock market but are not sustainable and donít represent increased economic activity.


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erpowers Nov 26 OP
lapfog_1 Nov 26 #1

Response to erpowers (Original post)

Tue Nov 26, 2019, 09:23 PM

1. Relative utters complete right wing bullshit

my response : you are an idiot... warms up car for departure.

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