Tag Archives: budget deficit

Deficits v. Dolomite

My plan tonight was to write an awesome post about the GOP’s $1.5 trillion tax-cut of 2017, and how, contrary to what we were promised at the time, they didn’t “pay for themselves” by driving increased corporate investment, but instead pushed the federal deficit to a record-breaking $747.1 billion. None of this, of course, is […]

Posted in Art and Culture, Economics, Uncategorized | Also tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 34 Comments

Trump’s chief economic advisor tells the American people that Republican tax cuts created so much growth that the deficit is falling. They didn’t. And it’s not.

.@larry_kudlow: "The deficit… is coming down, and it's coming down rapidly. Growth solves a lot of problems." pic.twitter.com/H375h7rV0a — FOX Business (@FoxBusiness) June 29, 2018 Again, I know it doesn’t do any good to point out the blatant lies of the right, or speculate as to how certain things might have been treated differently by […]

Posted in Economics, Uncategorized | Also tagged , , | 425 Comments

Largest trade imbalance in nine years, biggest stock market drop in a decade, government set to borrow nearly $1 trillion… Is this the “tidal wave” of good economic news Trump was talking about?

As I took last night off, there’s a lot that we could talk about today. We could talk about he fact that our president, standing before a terrifyingly representative sample of what’s left of his base announced that those who refuse to applaud him are “un-American” and likely “treasonous”. Or we could talk about the […]

Posted in Economics, Politics, Uncategorized | Also tagged , , , , , , , , , , , , , , , , , , , , , , , , , | 218 Comments

Republicans after adding over $1 trillion to our national debt to fund tax give-aways to the rich, say they can’t find $8 billion to extend health care for 8.9 million children living in poverty

While sold to the American people as a “middle class tax cut” that wouldn’t help the super-rich like Donald Trump, the tax reform legislation just passed by the Republicans is, in fact, a windfall for the rich that does considerably less for American’s middle class than the Obama stimulus package of 2009 did. Had the […]

Posted in Corporate Crime, Politics, Uncategorized | Also tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 8 Comments

In a last ditch effort to satisfy their donors, Republicans attempt to kill the ACA and transfer billions of dollars to America’s super-rich by calling it a “middle class tax cut”

Remember how, this past summer, we all came together, fought like hell, and killed the Republican health care plan that would have robbed some 22 million Americans of their coverage? Well, it looks like it’s time for us to get back in fighting shape, as the Republicans seem hellbent on pushing legislation through Congress before […]

Posted in Corporate Crime, Health, Politics, Uncategorized | Also tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 30 Comments

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