patrick.net

mell says

The MAGA runs freely while the TDS and butt-hurt runs deep. The media is essentially useless these days anyways, busy spreading fake news.

Speaking of Which:

AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

AT&T is paying bonuses of $1,000 to more than 200,000 U.S. employees.
AT&T's CEO said it was in response to tax reform.
The House of Representatives on Wednesday sent tax reform legislation to President Donald Trump, who is expected to sign it soon.

https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html
Then two major banks announced:

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes after tax bill passage

Fifth Third and AT&T are paying employees special bonuses after getting tax cuts under the Republican tax plan.
Wells Fargo said Wednesday that it would boost minimum wages for employees to $15 an hour, following Fifth Third's similar announcement.

https://www.cnbc.com/2017/12/20/fifth-third-bancorp-unveils-bonuses-minimum-wage-hike-after-tax-bill-passage.html

Please, stop, Mr. President. #TooMuchWinning
www.youtube.com/embed/daOH-pTd_nk

Fucking White Male says

The Dems are so deranged they’ve resorted to lying about what the tax plan will do.

Oh no! The democrats lied! How dare they?
Like with "death panels"? Or Kerry shooting himself? Or Saddam chemical weapons being a strategic threat to the US? Or maybe like global warming being a Chinese hoax?

TwoScoopsMcGee says

mell says

The MAGA runs freely while the TDS and butt-hurt runs deep. The media is essentially useless these days anyways, busy spreading fake news.

Speaking of Which:

AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

AT&T is paying bonuses of $1,000 to more than 200,000 U.S. employees.
AT&T's CEO said it was in response to tax reform.
The House of Representatives on Wednesday sent tax reform legislation to President Donald Trump, who is expected to sign it soon.

https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html
Then two major banks announced:

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes aft...

lol wait until they spin minimum wage hikes and bonuses as "bad" because muh feewings for rayscyst Drumph

mell says

lol wait until they spin minimum wage hikes and bonuses as "bad" because muh feewings for rayscyst Drumph

When did spelling things wrong like muh and moar, etc. become funny?

Being a rapacious, scum sucking, rent seeking, calloused oligarch isn't half as bad as the libbies have painted it.

It honestly doesn’t matter what the media and the Democrats (interchangeable) say, because people vote with their wallets. Next year the tax cut will go into effect, with new withholding tables out by March. The withholdings will be less per paycheck than last year. With obviously fatter paychecks than last year, the working class will understand the truth immediately: that Democrats were lying, that the media is not to be trusted, and that Trump is good for their personal fortunes.

At the 2018 midterms, Democrats are going to get slaughtered!

It’s the economy, stupid!

HappyGilmore says

When did spelling things wrong like muh and moar, etc. become funny?

It’s fun to ape the Democrat keyboard monkeys when they flail their TDS across the page with grammatical errors and spelling mishaps because they are stupid and didn’t get no educashuns.

Quigley says

It honestly doesn’t matter what the media and the Democrats (interchangeable) say, because people vote with their wallets. Next year the tax cut will go into effect, with new withholding tables out by March. The withholdings will be less per paycheck than last year. With obviously fatter paychecks than last year, the working class will understand the truth immediately: that Democrats were lying, that the media is not to be trusted, and that Trump is good for their personal fortunes.

At the 2018 midterms, Democrats are going to get slaughtered!

It’s the economy, stupid!

Agreed. In the end when most productive members of society - who are still in the slight majority - have figured out that they have net more cash left after the tax cuts they will abandon most ill-will towards the brash orange cheeto and say four moar years! And any trust towards the Dems and/or lamestream media will be completely gone.

Quigley says

It’s fun to ape the Democrat keyboard monkeys when they flail their TDS across the page with grammatical errors and spelling mishaps because they are stupid and didn’t get no educashuns.

lol--you guys really need to get your stories straight. Aren't Dems the out of touch, educated, latte liberals, that don't understand "real America"?

HappyGilmore says

Aren't Dems the out of touch, educated, latte liberals, that don't understand "real America

That’s what makes the party so “special!” They include the most uneducated and incarcerated populations and also the rich snooty-for-no-reason elitists who pretend their interest in humanity while grinding less entitled people under their capitalist heel. There’s someone in the Democrat Party for everyone to hate!

Quigley says

There’s someone in the Democrat Party for everyone to hate!

Well, you got that much right at least. Republicans love to find someone they can hate.

I'm experiencing Schadenfruedenschadenfrueden.

People who want to be happy that other people are miserable but they're miserable because others are happy, so you're happy they're miserable.

No, you lean more towards just Schadenfreude. You are happy when Dems are not.

I notice none of you actually addressed the information in the links HG posted up. Any particular reason?

APOCALYPSEFUCK_is_ADORABLE says

Why aren't we shooting the infirm and the aged in the face, exactly as Jesus commanded?

Because of the stupid liberals are taking all the guns. I don't know why God allows liberals to live.

TwoScoopsMcGee says

mell says

The MAGA runs freely while the TDS and butt-hurt runs deep. The media is essentially useless these days anyways, busy spreading fake news.

Speaking of Which:

AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

AT&T is paying bonuses of $1,000 to more than 200,000 U.S. employees.
AT&T's CEO said it was in response to tax reform.
The House of Representatives on Wednesday sent tax reform legislation to President Donald Trump, who is expected to sign it soon.

https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html
Then two major banks announced:

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes aft...

I thought you guys said 15$ an hour would bankrupt the entire planet

Democrats: This tax plan adds 1.5 trillion to the deficit over 10 years! This will kill the economy!!!!

Also Democrats: Obama adding $8.4 trillion in just 8 years is just good economic sense.

Democrats wouldn't have standards if it weren't for double standards.

errc says

I thought you guys said 15$ an hour would bankrupt the entire planet

Really?

You can't tell the difference between a free market decision to pay people more money and the government artificially setting a wage floor?

Those are TWO different things you know.

errc says

I thought you guys said 15$ an hour would bankrupt the entire planet

Who said that? Got links?

My wife wasn't a Trump fan because of the pussy grab comment. But, as I was pounding her doggy style last night, she screamed MAKE AMERICA GREAT AGAIN knowing the tax bill is gonna make us even richer. Just when winning was at its peak, it keeps climbing to new heights.

The Title IX Dear Colleague Letter was a disaster from the Obama era (as much as I hate to say it). If that ever gets mainstream traction... well, more winning for you know who.www.youtube.com/embed/DZWmctv2OF8

errc says

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes aft...

I thought you guys said 15$ an hour would bankrupt the entire planet

Looks like they still have some of that Obama bail-out money left to spend.

anon_a1312 says

errc says

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes aft...

I thought you guys said 15$ an hour would bankrupt the entire planet

Looks like they still have some of that Obama bail-out money left to spend.

You just keep getting more and more senile sniper. You meant bush bail out money.

just any guy says

MAKE AMERICA GREAT AGAIN

Right when the scream MAGA, you know you can pull out and hit the other hole to see if they give you the 'angry dolphin'. Just like Donny teaches at Trump You.

Goran_K says

errc says

I thought you guys said 15$ an hour would bankrupt the entire planet

Really?

You can't tell the difference between a free market decision to pay people more money and the government artificially setting a wage floor?

Those are TWO different things you know.

I don’t see this as a Free Market decision, rather a political (government) effect on the marketplace.

Either way, to a man right wingers were whining about how 15$ an hour would crush the economy. Funny, all of a sudden now $15 is a good thing. At least yous are consistent

HappyGilmore says

inGoran_K says

Democrats: This tax plan adds 1.5 trillion to the deficit over 10 years! This will kill the economy!!!!

Also Democrats: Obama adding $8.4 trillion in just 8 years is just good economic sense.

Democrats wouldn't have standards if it weren't for double standards.

Well, first of all--please don't compare deficit and debt as if they are the same. (hint, Obama didn't add 8.4T to the deficit)

Second--it's not hypocritical at all. Dems are consistent that governments should increase spending during downturns and reduce spending during good times. Republicans apparently believe the opposite.

Dems reduce spending? lol

errc says

Goran_K says

errc says

I thought you guys said 15$ an hour would bankrupt the entire planet

Really?

You can't tell the difference between a free market decision to pay people more money and the government artificially setting a wage floor?

Those are TWO different things you know.

I don’t see this as a Free Market decision, rather a political (government) effect on the marketplace.

Either way, to a man right wingers were whining about how 15$ an hour would crush the economy. Funny, all of a sudden now $15 is a good thing. At least yous are consistent

You don’t see a private company increasing their minimum wage outside of government intervention as a market decision?

Do you think the sky is blue or maybe some other color?

The 1.5 trillion added to the debt is on top of the debt that would be racked up without their tax plan. This is definitely not a prediction that we will only add 1.5 trillion to the debt over 10 yrs. That would be ridiculous without some serious disruptive technology/massive growth on the scale of the internet revolution.

FNWGMOBDVZXDNW says

The 1.5 trillion added to the debt is on top of the debt that would be racked up without their tax plan.

Spending cuts are coming next. Don't worry.

It's funny how leftist Democrats are suddenly worried about fiscal conservatism after ignoring it for 8 years under Obama...

Goran_K says

It's funny how leftist Democrats are suddenly worried about fiscal conservatism after ignoring it for 8 years under Obama...

Not just ignoring it, airily dismissing the doubling of the debt.

It's $1.5T over 10 years IF the models are correct. Not in 18 months like Obama.

Plus in a hot economy, natural inflation (not the leftist kind seen in Venezuela) tends to wipe debt out pretty good.

TwoScoopsMcGee says

t's $1.5T over 10 years IF the models are correct. Not in 18 months like Obama.

LInks? Please show when Obama took office, which budgets and bills he signed that increased the deficit by $1.5T over 18 months.

But MUH DEBT!!!

Wait, what did the Liberal Econ Icon say when Obama was President?

https://www.nytimes.com/2015/08/21/opinion/paul-krugman-debt-is-good-for-the-economy.html?mtrref=www.google.com&gwh=C83651EC30D222F1C2C69463AF9B04EC&gwt=pay&assetType=opinion
https://www.nytimes.com/2015/02/09/opinion/paul-krugman-nobody-understands-debt.html?mtrref=www.google.com&gwh=78375ECCD3836D223C309DB39E507919&gwt=pay&assetType=opinion
https://krugman.blogs.nytimes.com/2016/10/22/debt-diversion-distraction/?mtrref=www.google.com&gwh=8D91416A37A1070F64184152C80DBA30&gwt=pay&assetType=opinion

Obama's Administration: Student Debt is Great!

on student debt load is helping the economy.

“Investing in Higher Education: Benefits, Challenges, and the State of Student Debt” is the work of the White House Council of Economic Advisers (CEA). The 78-page report argues that, despite the widespread belief student loans are dragging down young U.S. workers, the surge in debt has actually been a boon for the United States.

“Federal student loan programs help expand access to high-quality education, which has long-lasting benefits to individuals as well as the overall macroeconomy through higher labor productivity and faster GDP growth,” the report says.

Student debt has nearly doubled during President Barack Obama’s tenure, surpassing credit card debt as the second-largest source of debt in the U.S., behind home mortgages. Polls and other measures of economic activity indicate that many millennials have delayed marrying, buying a home, or starting a family because of their student loan burdens.

Such analyses have it all wrong, the new report says. In fact, people with student debt are far better off than those going without it, and on balance the debt is boosting the American economy.

http://dailycaller.com/2016/07/19/obama-admin-1-3-trillion-in-student-debt-is-good-for-the-economy/

For the last three decades, anti-debt polemics have been the cause célèbre of self-styled “fiscal conservatives.” Over the course of their crusade, deficit hawks have cultivated several strategies to reduce government borrowing and spending. They have tried everything from emotional appeals that invoke scary, big-sounding factoids to more serious econometric studies. Yet all of these approaches fall short upon closer examination. Contrary to the doomsayers, the national debt is not a national emergency—at least, there’s no reason to see it as such in the near or even intermediate future. In fact, austerity is probably the most ‘fiscally irresponsible’ move for the US at present.

It’s quite clear that cutting the national debt has become an article of faith for conservatives. Consider the words of Stephen Moore, the former chief economist at the Heritage Foundation: “In 2015 the US government ran up one of the largest budget deficits in history — borrowing more than $1 billion a day seven days a week and twice on Sunday.” With this folksy statistic as his only evidence, Moore proceeds to advocate for a decades-long regimen of budget-cutting. In his view, the goal of fiscal policy should be to aggressively reduce the national debt over the next two and a half decades until the “debt burden [is] down to … a safe zone.”

Here the intelligent reader should pause and demand elaboration. Why is $8 billion per week too much? It sounds big to the layman’s ears, but government spending always “sounds big.” Furthermore, even if this $8 billion figure does need to be trimmed, how do we go about identifying and justifying a “safe zone” for national borrowing? At no point are either of these claims fully explored as yardsticks for America’s carrying capacity for debt, and yet they are some of the most commonplace fiscal fallacies. The former — framing the debt in terrifying but irrelevant terms—comes in several forms: towering visuals of stacked dollar bills, evocative memes, and analogies that put the national debt in personal terms. These tactics are certainly riveting, but only because they provoke anxiety rather than sober-minded analysis. Unfortunately, such misleading devices are the most frequent and widely-believed ways of talking about the national debt.

http://www.brownpoliticalreview.org/2016/01/three-cheers-for-the-national-debt-why-america-does-not-need-to-cut-back/

TwoScoopsMcGee says

For the last three decades, anti-debt polemics have been the cause célèbre of self-styled “fiscal conservatives.” Over the course of their crusade, deficit hawks have cultivated several strategies to reduce government borrowing and spending. They have tried everything from emotional appeals that invoke scary, big-sounding factoids to more serious econometric studies. Yet all of these approaches fall short upon closer examination. Contrary to the doomsayers, the national debt is not a national emergency—at least, there’s no reason to see it as such in the near or even intermediate future. In fact, austerity is probably the most ‘fiscally irresponsible’ move for the US at present.

It’s quite clear that cutting the national debt has become an article of faith for conservatives. Consider the words of Stephen Moore, the former chief economist at the Heritage Foundation: “In 2015 the US government ran up one of the largest budget deficits in history — borrowing more...

I disagree with the austerity assertion, but I've always been more conservative on debt. Of course eventually I took advantage of good credit and borrowed quite a rolling amount for constant low apr which basically only consists of fees (with ZIRP there was no pother game in town), but as rates are rising that rolling over may come to an end and leverage may decline. The reason austerity is perceived as irresponsible is simple, nobody wants to cut on their end, so from that angle one can understand that assertion. We have long entered into an era where cutbacks on any spending is unthinkable, including politicians salaries. We could do away with most government salaries and welfare, corporate subsidies and what not and be fine, but nobody wants to pull the rug. It's better to live in an illusion of perpetual spending increases. Look at the everyday consumer. Aside from the essentials which can be daunting due to inflation and easily account for 30%-50% of spending, the other 50% are spent on mostly unnecessary items. Iphones, dining out, spa treatments, massages, delivery services (instead of exercising and picking up stuff), gym fads (all you need is run 5 miles per day and do 100-200 push-ups or other strength work/sports), netflix and co. etc. I'd wager that, going back to the essentials, everybody could cut their expenses by 40% without incurring a health or lifestyle disadvantage. The Fed though realized that this is a world-wide phenomenon and that in a globalized world most are somehow connected to the reserve currency leader, and politicians are mostly spineless lackeys, so they would copy any QE moves and with debt being relative to other debt their plan seems to have succeeded for now, gotta hand it to them. Well played. However tax cuts are always preferable to QE as the resulting economic boost is organic and will often make up for the reduced tax income. So while I wish Trump would cut far more unnecessary government and corporate subsidies and spending, I am on board with generally low taxes.

bob2356 says

You meant bush bail out money.

Having trouble with recall and history? Was Bush President in 2009?

American Recovery and Reinvestment Act of 2009.
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111–5), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019.
https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

TwoScoopsMcGee says

But MUH DEBT!!!

Wait, what did the Liberal Econ Icon say when Obama was President?

What's your point? He wasn't one of those people attacking Obama 24/7 about the debt levels, so let's use him as an example of how it's alright to have huge debt despite the fact we spent the last 8 years saying exactly the opposite. Is that your argument?

anon_6ae12 says

What's your point? He wasn't one of those people attacking Obama 24/7 about the debt levels, so let's use him as an example of how it's alright to have huge debt despite the fact we spent the last 8 years saying exactly the opposite. Is that your argument?

My point is that the beloved Economic Icon of Liberals, Paul Krugman, has been blowing off massive debt increases for years and years. He's not the only one. Most of the Liberal-Left was blowing off massively increased debt.

Which is why THEY have to explain why a tax cut that may, IF the model is right, result in a piddling $1.5T debt increase, compared to the double of debt in the last decade to the tune of what, $10T I think, is such a Major Big Deal, So Irresponsible(tm)

Of course, everybody knows why Liberals have suddenly been concerned about increasing the Debt. #TDS.

Edit: I forgot to add, that's $1.5T over a decade, or about $150B a year for 10 years. Compare that to the ~$10T increase over the previous 8 years.

This is WINNING!
Getting all the Trump/Rep/Cons off the govt. dole.
Hopefully to be followed by elimination of subsidies to all Republican businesses.
Eliminating the ACA mandate to force Rep/Con to take financial responsibility was a great MAGA start.
It would have been more MAGA if Rep/Con names,that will lose ACA,could have been legally posted.
Wingnuts are great but they can't do everything.

Taking away from Republican voters is the best way to 'Win friends & influence people.'

https://www.bloomberg.com/news/articles/2017-12-21/trump-pushed-by-ryan-to-follow-tax-win-with-u-s-welfare-revamp