Stupid, dumbass, irresponsible Repuglicans

[mdbl]

https://www.usatoday.com/story/opinion/2017/12/21/trumps-pathetic-bankruptcy-past-gops-fantasyland-tax-bill-jonathan-lipson-andrea-monroe-colum/973694001/

This week, Congress passed the bill formerly known as the “Tax Cuts and Jobs Act” with the support of 278 House and Senate Republicans. At any other time, it would be hard to imagine that congressional Republicans could support major tax legislation drafted in such haste and with so little regard for distributional consequences. It is even harder to imagine that Republican deficit hawks would support such a fiscally reckless and unprincipled bill. Yet almost every Republican member of Congress did precisely that, taking a lesson from President Trump’s playbook: Buy extravagantly today, and leave someone else to foot the bill tomorrow. If this sounds familiar, it should: this is how the president ran his infamous Atlantic City casinos through a record four bankruptcies. We know how that story ended — Trump’s casinos were shuttered after years of losses. While the United States cannot, technically, declare bankruptcy, the GOP tax bill promises to saddle the nation with unsustainable debt based on implausible promises.

The GOP tax bill is immensely unpopular with the American public, and for good reason. According to the Joint Committee on Taxation (JCT), a nonpartisan committee of the U.S. Congress, this legislation will cost approximately $1 trillion over the next decade, even after accounting for economic growth. This so-called “tax reform” will not pay for itself; rather, future generations will pay for today’s tax cuts through higher payments on the national debt. Debt is where the analogy to Trump’s bankruptcies begins. Before he became president, the self-proclaimed “king of debt” ran three casinos in Atlantic City: the Plaza, Marina and Taj Mahal. In the 1990s and early 2000s, these casinos borrowed heavily and performed worse than their competitors, requiring four trips through federal bankruptcy court — more than any other large business in the last 30 years.

Trump could not have put his casinos through so many bankruptcies without creditor support. In order to gain that support, he made extravagant and unsubstantiated promises about the wealth and jobs the reorganized casinos would create. None of those promises came true. The same can be said about the GOP tax bill. Unhappy with the widespread criticism of this legislation from economists and policy groups across the political spectrum, the Treasury took another page from Trump’s bankruptcy past — false promises. It issued a one-page, 395-word “analysis” concluding that the tax bill will result in increased tax revenues of $1.8 trillion over the next 10 years, thus paying for itself.

On the surface, the Trump administration’s analysis might seem like politics-as-usual in Washington, where members of the establishment squabble over numbers and economic projections that feel quite removed from the daily lives of the American people. Yet this analysis is different — in fact, it’s laughable. “There is no historical evidence that any tax cut in history comes anywhere near paying for itself,” said Bruce Bartlett, an economic adviser to former president Reagan who helped craft the last major tax reform legislation in 1986.

[duforsure]

1. This will destroy our economy

And history tells us it'll create another severe recession, or worse another depression when you factor in everything he and the GOP have done to the middle class and poor. People need to look into the history of what tax cuts to the wealthy and robbing the rest of us has caused , then decide for yourself. You add to that the health care lost for they say 13 million, but I think it'll be closer to over 20-25 million when higher costs and inflation and other factors set in, and they won't be able to afford it, and then the rural area's losing medical care outlets, smaller hospitals, which go away as they do this and destroy Medicaid, Medicare, and Social security. It'll snowball on them, and the economy will once again see the results of a failure to support it by transferring such a huge amount of wealth to the already wealthy in this country. This will backfire on all Republicans and both the House and Senate will be taken back by the Democrats because of their greed and attack on the middle class and the poor from trump, the gop and their donors, who got their payoffs now for more support for their campaigns. Their other huge problem is the fascists they have sitting in the oval office, slowing destroying each branch and agency for replacement for his , and only his government. That's why he has to speak out badly how each branch or agency is, to then make it answering only to him, like he will do with the FBI, police, CIA, Supreme Court, and Congress. He could also manipulate the dollar using others and destroy it to, along with threats of bankruptcy to stiff loans to others we now have. He has patterns of this , and will continue using them against us, and OUR country for his benefits. Their numbers will never add up unless you believe his propaganda he uses ALL the time. People better start saving their pennies, this could really get bad fast.

[maxrandb]

2. Don't forget

That when Dems retake control due to the massive recession or depression, the MSM will completely ignore what caused it and hammer Dems over why it's not immediately fixed.

Oh, and you'll also have large numbers of Dem voters bitching because they didn't immediately get a pony.

Lather rinse repeat!

[7962]

4. "didnt immediately get a pony". Theres my Christmas laugh!!!!!!!!!!!!! Brilliant. nt

[Cyrano]

5. FDR inherited The Great Depression and

during his years in office he brought about social security, the minimum wage, child labor laws and federal insurance for our bank accounts, just to name a few of his accomplishments. His predecessor, Hoover, had fucked up the economy so badly that the Democrats held the White House for 20 years.

The right wing and many American Nazi sympathizers were around then, but despite them, he was elected to four terms and even made time to lead us through WWII.

[Dan]

6. This vote was taken to ensure

that the majority of Americans now realize - that it is no longer a republic.

This is now, officially, without doubt - a nation controlled by and for the 1%.

No one in GOP Congress cares if you protest, hit the streets, write letters or complain... The Donor class owns it all, and our GOP Congress knows what asses to kiss.

And sad as it seems - Donald Trump is the class of people that now own America.

And Dog, we gotta do what they say - either because we want too (so sad) or they will force us too by rule of the 1% law. Those with the gold rule.

So bigly sad - that we forgot about how we became a nation of laws, https://www.archives.gov/founding-docs/declaration-transcript .

As the Ben Franklin said, we have a republic, if we can keep it. I think that as a nation, we have failed.

my thoughts.

[Martin Eden]

3. Huge deficits serve Repuglican long term goals

They want to destroy Social Security and Medicare, and the only way they can do that is to "starve the beast" by depriving our government of funds.

The earned benefits that hardworking Americans already paid for with deductions from every paycheck are being taken away from us and given to the rich fucks who finance the Repuglican Party.