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Old 16-10-2018, 18:37   #2231
Enoch Powell
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Originally Posted by Visage View Post
The UK is in a slump, the US is in a boom. Thats the difference. Deficit spending is cyclical.

Hope that helps.
Whatever Trump does must be bad, I get it.

If you at least had the consistency and courage of your convictions you'd applaud his Zionism, as you both like sucking Nutanyahoo's dick. But you don't, because HE'S A REPUBLICAN AND A FUCKING WHITE MALE
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Old 16-10-2018, 18:39   #2232
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One day it's gonna be very cold and dark on this planet... with 15 billion mouths to feed and no oil left. But Chuckles got his new iPhone every year and overseas holidays, and that's what's most important.
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Old 16-10-2018, 18:41   #2233
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btw how is the UK economy slumping? Despite every lying cunt saying the UK economy would collapse after a leave vote, the economy continues to 'grow' (I don't think this is good, but you do) and 'unemployment' continues to fall, again today.

If some politician you supported was presiding over figures like this, as Trump is doing in the US with 'growth' there too, you'd be applauding.

But you don't, because it's Tories and GOP.
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Old 16-10-2018, 18:44   #2234
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Good news on wage rises recently wasn't there?
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Old 16-10-2018, 18:56   #2235
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When the Tories tackle the deficit, Craig says 'OMG AUSTERITY. PUBLIC FINANCES AREN'T LIKE A HOUSEHOLD BUDGET'

When Trump deficit spends, Craig says 'OMG DEFICIT SPENDING. LMAO TRUMP IS A FUCKING IDIOT'
Because it's the timing of the policy. Increasing the deficit during a recession is perfectly acceptable/normal, but unnecessary borrowing during a boom should be avoided. A modest deficit is acceptable in keysnsian theory but you can argue it should be a modest surplus as well, depending on what you think. However very few think it's responsible to borrow significantly when the economy is doing well.

Obviously the US has an existing deficit anyway but it was at least shrinking, this has just increased it by nearly a fifth in one go. This is against a backdrop of Trump claiming he was going to reduce the deficit quicker/better than Obama was as well.
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Old 16-10-2018, 19:06   #2236
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The autism in giving a shit about any of that and thinking it matters ffs
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Old 16-10-2018, 19:08   #2237
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It's just thinking beyond the headlines. OMG DEFICIT GONE UP is a simplistic take when the potential ramifications to the tax drop are years off. How many government's take headline figures as proof of their competence when it's usually the result of the previous administrations actions. Well dropping the taxes was always going to increase the deficit in the short term, will it help long term? I don't know but simplistically focusing on the headline figure is really low hanging criticism that isn't worth anything.
The ramifications are already off because this was passed 9 months ago, and the GOP said it'd be paid for by now. It's completely off target, as the CBO and others said it would be, and it's in line with their own projections with the deficit rising, which it is and shows no signs of suddenly reversing. Not unless the US economy starts banging out unprecedented levels of growth or citizens start donating their savings to the government. It's obvious to anyone remotely objective, including many conservatives, that the plan is not structured to end up paying more into the coffers. It's simply going to go to businesses, which you should realise, is probably the entire point.

There's no reason to be sceptical of the obvious reality of it, and every reason to be sceptical of the fanciful claims of the GOP. Yet, because it's connected to Trump, you've had this kneejerk reaction that criticism of the tax plan is just blind anti-Trump bias. Now you're kinda stuck between just going 'Ok fair enough, he's a moron with this and the GOP have taken advantage' and trying to find some kind of silver lining from it as a reason why we should all give this crock of shit a free pass.
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Old 16-10-2018, 19:16   #2238
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So the CBO projected it to rise as a consequence of cutting the tax rate and now it's suddenly headline news? It was always going to rise in the short term and this coverage is just partisan bullshit with the midterms looming.
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Old 16-10-2018, 19:17   #2239
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Indeed. If Trumps measures have fucked the deficit in a boom, what will happen when things aren't so rosy?
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Old 16-10-2018, 19:18   #2240
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So the CBO projected it to rise as a consequence of cutting the tax rate and now it's suddenly headline news? It was always going to rise in the short term and this coverage is just partisan bullshit with the midterms looming.
Can you see nothing concerning about a dramatic deficit increase at a time when the US economy is doing well?
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