Tariffs Catch-All

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gtyellowjacket said:
Glad the tariffs got cancelled. Now the question is how he's going to pay for extending his tax cuts without tariff revenue. My guess is those die too.
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The tax cuts won't die - that's the whole premise of his widespread GOP support. They'll either cave on baseline (i.e. bullshit) budgeting or conjure up some magical thinking on medicaid savings. They may up the top tax rate on highest earners, but that will be superficial.

But make no mistake, the tax cuts will largely be extended or the entire coalition falls apart.
 
Huh? said:
The tax cuts won't die - that's the whole premise of his widespread GOP support. They'll either cave on baseline (i.e. bullshit) budgeting or conjure up some magical thinking on medicaid savings. They may up the top tax rate on highest earners, but that will be superficial.

But make no mistake, the tax cuts will largely be extended or the entire coalition falls apart.
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Maybe, but there are plenty of people on the Republican side that are also concerned with the deficit. But if history is an indication, you're absolutely right.
 
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wmheel1287 said:
I've seen no evidence that any significant number of Republicans currently in office at the federal level are actually concerned AT ALL with the deficit.
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Is there someone actually arguing that Republicans still care at all about the deficit? HAHAHAHA. For modern Republicans claiming that they want to cut the deficit and want a "balanced budget" is nothing more than an empty campaign slogan. They spend money like drunken sailors whenever they're in offce, and will continue to do so irregardless of DOGE or Elon's cutting of jobs and agencies to the bone. Hell, paying off farmers to keep them afloat during Trump's trade wars will likely cost us more than any savings we see from DOGE.
 
gtyellowjacket said:
Maybe, but there are plenty of people on the Republican side that are also concerned with the deficit. But if history is an indication, you're absolutely right.
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The next time I hear a Republican lawmaker acknowledge that tax cuts increase the deficit will be the first. When it comes to deficits Republicans talk exclusively about spending. And it's been that way for decades.

They're just going to lie and say the tax cuts don't cost anything because they're continuing the current rate.
 
HintonJamesHeel said:
He never had my credibility but the country viewed him as smart economy guy but that is shot now. He needs to be impeached.
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He has been impeached - twice - and the vast majority of his party refused to remove him. He's also been convicted on 34 counts and is a felon, yet 77 million plus voters elected him anyway. He's never going to be impeached by the Republican Party, as he owns them body and soul. And for what it's worth the notion that he was ever a "smart economy guy" is a joke. He's never been a real businessman of any kind - he hires flunkies to actually manage his businesses. He's a poser, celebrity hog, entertainer, and reality show star whose only real abilities lie in finding ways to draw attention to himself and divert attention from others, and in somehow convincing his supporters that he really is what you described. He's as dumb as dirt and has the impulse control and attention span of a spoiled five-year-old.
 
lawtig02 said:
Buffett is all about fundamentals. He's not always right, but he's pretty much always the most dispassionate. Kind of like the Moneyball of financiers. What he's saying there is that bad times show who is playing the game with a strategy and who is playing it recklessly. Unfortunately, the man in charge of our entire economy is one of the most reckless, undisciplined people in the history of the modern financial world. But that doesn't change Buffett's point. And it explains a lot of why he has so much cash right now.
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I read that Buffett is up $13B YTD, so he must be doing something right.
 
heelslegup said:
My late wife's father was a fairly senior exec (engineer) for Bethlehem Steel in Johnstown, PA. It wasn't China who closed those plants==it was folks like Carl Icahn, Wilbur Ross and other vulture capitalists not nearly as handsome as Michael Doublas in WAll Street (1987)
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Clear as mud as usual







BTW, the extent to which cabinet members grovel and fellate him in these meetings remains as astonishing to me now as the first time he had one of those so-called cabinet meetings back in 2017. I cannot believe how many people have so little self-respect around Trump.
 
gtyellowjacket said:
Maybe, but there are plenty of people on the Republican side that are also concerned with the deficit. But if history is an indication, you're absolutely right.
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Based on this morning's vote, your "plenty of people on the Republican side that are also concerned with the deficit" numbers two. Once again, your statement is wrong - what's unique is that it was objectively disproven in a matter of hours.

Your side doesn't care one whit about the deficit. If you have any sense of shame, you will not bring up this canard of a both-sides argument again.
 
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nycfan said:
Clear as mud as usual







BTW, the extent to which cabinet members grovel and fellate him in these meetings remains as astonishing to me now as the first time he had one of those so-called cabinet meetings back in 2017. I cannot believe how many people have so little self-respect around Trump.
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Everyone is in on the game except Trump (well, and some MAGA types who do nothing but consume conservative media all day).

All Republicans in power know that the groveling is just performance art. It has gotten to the point that no one actually takes it seriously or thinks less of the grovellers. It is just the cost of doing business, like a ticket to enter the stadium.

At least some of the law firms had backbone. I hope the law firms that gave into Trump lose a bunch of clients over it.
 
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