the fiscal "conservatives" will be quick to forget the 2017 tax cuts and the fed keeping interest rates low on all time high employment. They'll be quick to dismiss the emptying treasury coffers and further plundering through COVID relief that went to wallstreet and not mainstreet. Just so they can blame the dems. as the economy crumbles and poor Joe's there to pick up the pieces.
Biden = market crash
- Thread starter KCalhoun
- Start date
No doubt if Biden wins they'll start pretending that they care about "fiscal responsibility" again.
The Democrats have never cared about "fiscal responsibility". The Republicans have recently spent like drunken sailors -- they can hardly make a case about this post election which will not be laughable,
The reality is that both parties are at fault --- because the corporate lobbyists drive their financial decisions. The spend most of their days finding new ways to hand out money and tax breaks to corporations to pull in that sweet lobbying cash.
The Democrats don't run on a platform of fiscal responsibility, they just are
Yeah, politically it's easier to overspend/cut taxes than it is to cut services or increase taxes. Everybody wants to live bigger than they can afford. The world does not expect balanced budgets, but they expect that we can pay off our debts in the future. Once that belief is gone then we're screwed. It will probably result in the inflation we haven't seen over the past 40 years.
No they're not. Look at every blue state. IL, CT, etc. They increase taxes and then way overspend. These states have junk ratings. They could never afford their pension plans. The most fiscally responsible combination is a Democratic POTUS and a Republican Congress. Having a Democratic POTUS gives Republicans incentives not to help the people in the short-term so they can try to win back the presidency and blow up the deficit again with more tax cuts to rich people who don't need them.
The epic hypocrisy of the GOP on deficits and debt
https://www.cnn.com/2019/07/23/opin...wing-faster-than-under-obama-avlon/index.html
Yet day after day... further summaries of the market dropping are being attributed to the rise in COVID cases.
Stock market news live updates: Wall Street tumbles as virus concerns mount, Europe eyes new lockdowns
https://finance.yahoo.com/news/stock-market-news-live-october-28-2020-221607983.html
This is funny who posted on another thread he was going to Panama to escape the tax man in Colombia even though he is from Ireland.