Tah-DAAHHHH!!! The MOST accurate depiction of Republican Hypocrisy EVER!! And even Munchkin CAN’T say that the New “Tax Scam…er…PLAN” will actually cut taxes for the middle class, although we KNOW it will for the 1%!
Reaganomics, pulse GHW, even with their tax INCREASES that were forced, QUADRUPLED the national debt! Trump’s alleged “bullet point” proposal on taxes, is a bullet to the head of economic logic, and the vast majority of Americans, while the ultra-rich like himself, and corporations, will skate off with increased profits, and hugely reduced tax bills. Of course, considering major corporations like Boeing, and GE, plus others, have a five year history of paying NO TAXES already on income, well gee folks, what could go wrong?
Surely private American businesses wouldn’t have any debt.
" …
US companies now sinking in debtUS companies now sinking in debt Monday, 23 May 2016 | 7:59 AM ET | 00:39
That American companies have been wadding up huge amounts of cash is no secret. What may be less well-known is that they’re also accumulating debt at a much faster pace.
Total debt among more than 2,000 nonfinancial companies swelled to $6.6 trillion in 2015, dwarfing the $1.84 trillion in cash on their balance sheets, according to a study released Monday by S&P Global Ratings. The ratio of cash to debt is the lowest it’s been in about 10 years, or just before the global financial crisis.
Well at least our household debt is under control.
" …
Debt is a way of life for Americans, with overall U.S. household debt increasing by 11% in the past decade. Today, the average household with credit card debt has balances totaling $16,748, and the average household with any kind of debt owes $134,643, including mortgages.
While “don’t spend above your means” will always be sound advice, NerdWallet’s annual survey of household debt and its costs makes clear that increasing debt loads aren’t just a case of lifestyle creep. The rapid growth in medical and housing costs is dwarfing income growth, making it challenging for many families to make ends meet without leaning on credit cards and loans.
But this doesn’t mean Americans are doomed to be indebted for life. Careful spending and steady debt eradication can go a long way toward getting people to financial freedom.
Odon Premium Member almost 7 years ago
(surprise)
Masterskrain Premium Member almost 7 years ago
Tah-DAAHHHH!!! The MOST accurate depiction of Republican Hypocrisy EVER!! And even Munchkin CAN’T say that the New “Tax Scam…er…PLAN” will actually cut taxes for the middle class, although we KNOW it will for the 1%!
Zev almost 7 years ago
Fake news! That elephant would never be self-aware enough to be embarrassed.
Teto85 Premium Member almost 7 years ago
As long as the billionaires get their slice.
Dtroutma almost 7 years ago
Reaganomics, pulse GHW, even with their tax INCREASES that were forced, QUADRUPLED the national debt! Trump’s alleged “bullet point” proposal on taxes, is a bullet to the head of economic logic, and the vast majority of Americans, while the ultra-rich like himself, and corporations, will skate off with increased profits, and hugely reduced tax bills. Of course, considering major corporations like Boeing, and GE, plus others, have a five year history of paying NO TAXES already on income, well gee folks, what could go wrong?
DrDon1 almost 7 years ago
The GOP’s war on the middle class and the lower class never ends!
superposition almost 7 years ago
Surely private American businesses wouldn’t have any debt.
" …
US companies now sinking in debtUS companies now sinking in debt Monday, 23 May 2016 | 7:59 AM ET | 00:39
That American companies have been wadding up huge amounts of cash is no secret. What may be less well-known is that they’re also accumulating debt at a much faster pace.
Total debt among more than 2,000 nonfinancial companies swelled to $6.6 trillion in 2015, dwarfing the $1.84 trillion in cash on their balance sheets, according to a study released Monday by S&P Global Ratings. The ratio of cash to debt is the lowest it’s been in about 10 years, or just before the global financial crisis.
…"
http://www.cnbc.com/2016/05/20/companies-drowning-in-debt-despite-almost-2-trillion-in-cash.html
Well at least our household debt is under control.
" …
Debt is a way of life for Americans, with overall U.S. household debt increasing by 11% in the past decade. Today, the average household with credit card debt has balances totaling $16,748, and the average household with any kind of debt owes $134,643, including mortgages.
While “don’t spend above your means” will always be sound advice, NerdWallet’s annual survey of household debt and its costs makes clear that increasing debt loads aren’t just a case of lifestyle creep. The rapid growth in medical and housing costs is dwarfing income growth, making it challenging for many families to make ends meet without leaning on credit cards and loans.
But this doesn’t mean Americans are doomed to be indebted for life. Careful spending and steady debt eradication can go a long way toward getting people to financial freedom.
…"
https://www.nerdwallet.com/blog/average-credit-card-debt-household/
Radish the wordsmith almost 7 years ago
The cowardly elephant is always screaming about something.
Kip W almost 7 years ago
Oh, look, everybody! Interventor wrote some words and posted them.
NeoconMan almost 7 years ago
^ Yes, he has all the best words.
edward thomas Premium Member almost 7 years ago
His tax plan’s all on one page.
He thinks it’s all the big rage.
When all’s said and done,
We’d all BETTER run,
Or else pay all of our wage!