The boogie man would be gone and would be replaced by a befuddled senile political hack. With insane government spending to bailout the bankrupt coastal states, humongous tax increases, another lockdown, skyrocketing energy prices and re-regulation of small business by DC bureaucrats the economy would crater worse than during the Great Depression. Hi-tech oligarchs would not be able to virtue signal enough to keep a chanel bedecked AOC (move over Nancy, there's a new gal in town) from storming their gated communities and scamming them out of their "immoral" profits. Late night comedians would have a feast with the Biden 25th Amendment watch. I am so looking forward to the future.
Link: https://www.independent.co.uk/life-style/fashion/alexandria-ocasio-cortez-aoc-vanity-fair-cover-suffragette-white-suit-meaning-feminist-b1418475.html
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We have already spent a gazillion dollars we don’t have and we shall spend many times this to get us past the virus and to bail out state government debt. Tax increases and continued COVID shutdowns will destroy small businesses which employ the largest number of people. Urban unrest will only get worse as a result, it will be the 70s on steroids And it will take a long time to recover. Both Nixon and Carter became extremely unpopular. Biden’s mental faculties will not improve. The midterms will be a bloodbath for Dems. Kamala is already unlikeable. It’s hard to imagine good times ahead. Trump will be lucky not to have to face them,
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The Dems today remind me of the Dems in the 70s... fundamentally fractured along so many issue. Trump hatred United them. When he’s gone they will turn in one another.
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Budget Deficit
The federal budget deficit — accumulated when the government spends more than it receives in revenues — has ballooned from $15 trillion at the end of the Obama administration to over $25 trillion during Trump’s first three years in the White House. Soaring deficit levels come as a natural consequence of the 2017 tax cuts: researchers at the Tax Policy Center found that corporate tax revenue declined by 40% between 2017 and 2018, while income taxes paid to the federal government declined by 5.4%. With less tax money coming in but similar levels of spending going out, it’s no wonder the federal deficit has increased.
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No right-left partisan should ever talk deficits or debt. Deficit spending is the one thing the two parties agree upon...and yet criticize each other for doing. So ridiculous.
If you agree why did Trump blow it up so much? Again first 3 years, which is pre-covid.
Tell me right now that the Democrats will be worried about debt. I would welcome that, but I won't believe it until I see it. (BTW, 538 had a piece which mentioned that there is a movement within the Democrat party preparing for a Biden victory, and one of their goals is to reverse all the deficit rhetoric that the Dems have been lobbing at Trump, because they don't want to be held back with their spending programs.)
For 8 years I was told by Democrats on this forum that we would never have to pay back our debt. Debt is just not a problem! Then, Trump gets elected, and suddenly debt is bad. Do you agree that kind of behavior is pure partisan bullshit, and you are participating in it?
For years, one reason I voted Republican was because I thought they were fiscally conservative. Then, I realized that at best, they were 80% pro-deficit, compared to the 100% pro-deficit Dems. Both parties want to drive the car off the cliff, but the Republicans were just doing it a little more responsibly. (That's a joke.) But, I figured 80% at least gave us more time to get someone to shake things up. Well, we got him elected, and it didn't work. So, the issue of deficit/debt is now dead. We now know that we will spend more than we take in until we reach a breaking point. It is just a fact. The only thing you or I can do is (1) prepare our families for the break as best we can--we don't know when it will come; and, (2) for god's sake, stop trying to use deficit/debt to make political points, because it exposes you as a partisan hack worse than any other issue.
The best argument against Barry is that he used the circular file drawer for the bipartisan report on the debt.
The Orange Bobulinski has been a spending and unpaid for tax cut abomination.
An unintended consequence of a possible Biden victory would be the R’s reverting to their fiscal watchdog role if they can hold the Senate.
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