Category: Taxes and Economics

The Economy: the boom before the bust

Today’s robust economy is being fueled by massive borrowing of money inflated by Trump’s tax cut. The US economy is heading for a cliff in the next recession.  As government revenues decline there will be even more explosive deficits .…

Donald’s perfect economic storm

The Stock Market is diving the worst since December 1931.  It should have dived when a seriously mentally and emotionally ill candidate, Donald Trump, won the Presidency on an electoral college fluke. Hope is fading that we aren’t going to…

Donald and the Republicans hit an iceberg

When the Titanic hit an iceberg, everyone on board hardly heard anything but a thump. Everything looked good for a while. The ship was making good speed ahead of schedule. You know the rest.  Today, the US economy is looking…

An update on Donald’s sanity

On Black Friday morning former Reagan budget chief, David Stockman, had an interview with Fox Business host, Charles Payne. The discussion started with the stock market decline then the unexpected happened.  Payne: How far down do we go from here? Stockman: I…

Republican deficits will ruin us

Donald Trump has told his department heads to cut 5% from their budgets to deal with the explosion in the deficit for fiscal 2018 to $793 billion.  This is happening in a time of prosperity that started in the Obama…

Trump’s first war

Trump has gotten us into a trade war. His “first strike” tariffs have not crippled the enemies into submission, but only sparked retaliatory strikes. We are now in a war of attrition that could go on indefinitely. Escalation of the…

What ever happened to the “R” word?

All the ten year federal budget forecasts assume different GDP growth rates, tax income and spending to come up with deficit estimations. For hundreds of years capitalism has gone through economic cycles of boom and bust. Although recessions are inevitable, none…

Business as usual

Donald Trump is proposing another tax cut on top of the fiscally irresponsible one already passed by his mob.  This shows a number of things about Trump: He doesn’t understand economics.  We are already experiencing rising interest rates from an…

Trump’s beginning of the end

Trump and his cult are aiming to add another bankruptcy to Trump’s score of five. This time the U.S. federal government. While other aspects of his economic irresponsibility get the media’s attention like starting trade wars, the deficit balloons to…

Trump’s tax deform and the coming economic disaster

The rich own about 98% of all the outstanding stock. The market has been soaring as they look forward to increasing their wealth by paying less taxes. The Republican tax “reform” is more of a “deform” for the rich. We will…

The road to recession

The so called Republican tax cut will point us to recession and not the growth they are promising. By capping the mortgage interest and property tax deductions on homes, it will dampen higher prices in areas with higher local taxes.…

Trump: the golden wrecking ball

Sarah Palin once lovingly called Trump “the Golden Wrecking Ball”. He is on his way to being that to the country.  Trump and his mob want to give the better off Americans “the biggest tax cut in American history”. Free…

Donald’s tax cuts: fiscal irresponsibility or con game?

Donald Trump and his flock of sheep known as the Republican party (minus the 3-5 Senators who actually read and voted against the mass murder known as “Trumpcare”) are at it again only this time they want a big tax…

Trump, the job creator?

When economic times are good, the President claims and  gets credit from a majority of the voters. When the economy is bad, the voters take it out on the President. The credit or punishment a President gets may be undeserved either way.…

Trump’s economic fantasy world

The nonpartisan Congressional Budget Office just shot down Trump’s budget. It is overly optimistic about growth rate in the future.  In the economy, we have: government spending, consumer spending investment spending. About 30-40% of government spending comes from money largely…

Trump losing to China

In spite of all his hot air about bringing jobs back to the U.S., the bottom line is Trump is a loser. He and those who voted for him never understood the problem. “Free Market” Capitalism loves only gold. Details…

Trump’s budget gets worse than “F”

Nobel Prize winning economist, former World Bank economist and former Chairman of the Council of Economic Advisors, Joseph Stiglitz reviewed Trump’s budget and gave it a “collection of lies put together” grade. That’s worse than “F”. It pulls down Trump’s average…

The art of the deal?

Trump’s budget is already being pronounced dead. Some deal maker Trump is.  Trump wants to eliminate poverty. Take away food stamps to starve the poor. Then give them no healthcare. Let them die. 

What Donald’s tax forms tell us

The recent publicizing of Donald Trump’s 1995 tax returns uncovers a few facts about Donald Trump: He is not a successful business man. Losing almost a billion dollars can hardly be considered success. He is a wheeler dealer not someone…

Trump’s economic threat

Trump has improved his unrealistic economic plan with a new one that is still unrealistic. According to a recent study by the Committee for a Responsible Federal Budget, his plan would increase the national debt by $5.3 trillion dollars over ten…

What could be hidden in Trump’s tax returns?

No Presidential candidate in modern times has refused to show his tax returns. What could he be hiding? There are many possibilities: Legal income tax trickery leading to close to no taxes paid or his empire is collapsing and he…