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Aug 25, 2018 14:33:47   #
bedouin Loc: Big Bend area, Texas
 
I took my money offshore. And I'm earning even better then through this bullish stock market. There are also tax considerations.

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Aug 25, 2018 16:18:15   #
FRENCHY Loc: Stone Mountain , Ga
 
bedouin wrote:
I took my money offshore. And I'm earning even better then through this bullish stock market. There are also tax considerations.





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Aug 25, 2018 16:28:23   #
FRENCHY Loc: Stone Mountain , Ga
 
gerdog wrote:
You are falling into their game where they use the fiscal year figures rather than the total year figures, The government fiscal year ends in September. When you look at the entire year of 2000, there was an 18 billion dollar surplus. Plus ALL of the projections for the future were for the surplus to grow. Then Bush and Gore BOTH promised big tax cuts and increased social services spending, leaving the voters no real choice. It's why the 2000 election was dead even. Both candidates promised to give away all the fiscal gains. The middle class believes in paying their bills, and making the future better for their offspring. Politicians don't get that. They would have been willing to leave the tax rates where they were in 2000 if it meant that our national debt would have been paid down. Republicans were all against deficit spending until they got all the power. Now they want ordinary Americans to believe that deficits don't matter, and that economic growth will more than make up for it. Just another lie that we are supposed to swallow. You can't cut government spending without hurting the economy, so don't expect Republicans to act fiscally responsible any time soon.
You are falling into their game where they use the... (show quote)




Ok, then, depending on how you read it, anyone can think what they want depending if they are left or right leaning?. Make sense.

Look like Trump cut spending and the economy is doing pretty good look like right?

Rep I believe it they are useless since a while back when they should have done some talking with O's.

If we are going somewhere it will be with Trump. Until proven wrong it looks like is doing the job that a bunch precedent tenants didn't do.

At least he's not gone inflate the stock market like O's did every month with billions of $ No wonder the market was so high when O's left.

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Aug 25, 2018 17:06:53   #
bedouin Loc: Big Bend area, Texas
 
Obama's only concern with the stock market was with how much he could tax people to redistribute with his beloved poor. When I retired from the practice of Medicine, my accountant estimated I had given 1.5 million dollars of free care. And none of that was tax ductable. Doctors may not write off losses of Revenue like regular business people. And that is why my money is all offshore. I gave at the office!

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Aug 25, 2018 17:43:36   #
lenben Loc: Seattle
 
The Clinton surplus was the short term $$ in and out for one fiscal year which was positive in his last year in office. The Bush team identified this as 'YOUR" money and made fiscal choices to drive the yearly inflow into negative territory. Ignored in all of this is the total debt (and interest for that debt) which continues unchecked although just had a big jump with the new tax cuts for the rich (Isn't that a terrific plan for Trump who benefits significantly from this). Meanwhile, understand that there is no Social Security "Trust Fund" talked about endlessly by the GOP. The Social Security surplus generated by the big tax increase in the Reagan years, has been spent each year by Congress leaving a stack of IOUs in a HHS file cabinet. Social Security inflow is expected to exceed outflow somewhere from 2022 to 2025. Then Congress will have to act because the so called trust fund is a fiction. Don't let them fool you!

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Aug 25, 2018 18:03:26   #
Dziadzi Loc: Wilkes-Barre, PA
 
The Social Security system is a house of cards built by Congressional raiders at the behest of the multi millionaires who don't want nor need the SS system.

lenben wrote:
The Clinton surplus was the short term $$ in and out for one fiscal year which was positive in his last year in office. The Bush team identified this as 'YOUR" money and made fiscal choices to drive the yearly inflow into negative territory. Ignored in all of this is the total debt (and interest for that debt) which continues unchecked although just had a big jump with the new tax cuts for the rich (Isn't that a terrific plan for Trump who benefits significantly from this). Meanwhile, understand that there is no Social Security "Trust Fund" talked about endlessly by the GOP. The Social Security surplus generated by the big tax increase in the Reagan years, has been spent each year by Congress leaving a stack of IOUs in a HHS file cabinet. Social Security inflow is expected to exceed outflow somewhere from 2022 to 2025. Then Congress will have to act because the so called trust fund is a fiction. Don't let them fool you!
The Clinton surplus was the short term $$ in and o... (show quote)

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Aug 25, 2018 18:15:41   #
gerdog
 
Bush cut taxes at a time when there was no reason to cut taxes. Trump is doing the same thing. The only acting Congress can do to help save Social Security is going to be to cut it, because no one in Washington has the courage to raise anyone's taxes. I don't know where anyone would get the idea that Trump has cut spending. It's just the opposite. https://www.forbes.com/sites/howardgleckman/2018/07/26/congress-and-trump-are-spending-money-and-cutting-taxes-like-there-is-no-tomorrow/#52ac196d10de Republicans are planning more tax cuts and spending increases right now. The Democrats are turning more toward socialism than I've ever seen before. Both sides have abandoned the idea of ever balancing a budget again. Where are the responsible adults? I saw this morning that a congressman was complaining about how hard it is to live on his salary of a little over $173,000 a year. They have lost touch with reality.

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Aug 25, 2018 18:19:37   #
canarywood1 Loc: Sarasota,Florida
 
SteveR wrote:
Before the Democrats take over.



You do realize it's been running this way for over 3, 400 days, and who do you think was in office most of that time??

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Aug 25, 2018 18:21:00   #
gerdog
 
canarywood1 wrote:
You do realize it's been running this way for over 3, 400 days, and who do you think was in office most of that time??



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Aug 25, 2018 18:35:01   #
Dziadzi Loc: Wilkes-Barre, PA
 
Some people would like to fix the problems we face. Others are preoccupied with fixing blame.

canarywood1 wrote:
You do realize it's been running this way for over 3, 400 days, and who do you think was in office most of that time??

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Aug 25, 2018 18:47:57   #
HamB
 
If your taxes are too low the IRS takes donations, do you want the address?

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Aug 25, 2018 19:09:55   #
gerdog
 
That's the problem. Everyone wants lower taxes, but you can't fund the biggest military in the world, rebuild the biggest road system in the world, provide the most expensive medical system in the world, and send out Social Security payments every month to an ever growing number of people, by simply borrowing the money. More precisely, by printing more money. Yet, the budget WAS balanced in 2000, so it's not impossible. Just not politically popular. Truth never is.

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Aug 25, 2018 19:33:42   #
DirtFarmer Loc: Escaped from the NYC area, back to MA
 
Today is the Tomorrow that Yesterday you spent money like there was no

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Aug 25, 2018 21:00:15   #
FRENCHY Loc: Stone Mountain , Ga
 
bedouin wrote:
Obama's only concern with the stock market was with how much he could tax people to redistribute with his beloved poor. When I retired from the practice of Medicine, my accountant estimated I had given 1.5 million dollars of free care. And none of that was tax ductable. Doctors may not write off losses of Revenue like regular business people. And that is why my money is all offshore. I gave at the office!


Excellent move

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Aug 25, 2018 21:14:24   #
cabunit Loc: SE Connecticut
 
SteveR wrote:
Before the Democrats take over.


You mean, while the GOP is still lining their pockets with tax breaks and acquiescing to tariffs that are hurting everyone else? The "farmer bailout" is hilarious, because now we can't sell soybeans to China, so we're making it up to the farmers with money we're borrowing from--wait for it--China (who finances our debt). I truly doubt the Dems will do much better, but I can't imagine they'll do much worse.

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