Donald Trump – Modern Day Walpole?

Posted by freedomforall 7 years, 4 months ago to Government
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"can The Donald make good on his promises to the outraged voters who voted him into office this past Election Day? Can he restore economic growth, political legitimacy, tax justice, immigration sanity, and American greatness? He has taken a promising step with his new tax plan, say many conservatives. But in this writer’s view it is miniscule reform in light of what is really needed.

It is highly doubtful whether the GOP has fashioned something robust enough to genuinely restore economic growth. Our economy is suffering from monumental ideological fallacies plaguing us that stem from Keynesianism in the colleges, the Congress, the Federal Reserve, the Wall Street banks, and the media."
"Tax cuts necessitate spending cuts. Without them deficits will explode as sure as mushroom clouds will shoot skyward from nuclear blasts. Reagan’s brilliant Director of the Office of Management and Budget, David Stockman, has attested to this truth over the past several decades with searing logic in The Triumph of Politics: Why the Reagan Revolution Failed (1986) and The Great Deformation: The Corruption of Capitalism in America (2013). Unfortunately his message is ignored by an obtusely corrupt Congress. Thus the National Debt for our country will continue to grow unless our politicians bring their spending incontinence under control when seeking to reduce oppressive taxes from the federal government."
"Our conclusion is that economic growth via supply-side economics is not “healthy growth” if deficits and the total debt of the country explode in the bargain. Laffer’s supply-side economics is not the answer to Keynes’ demand-side economics. Both lead to massive deficits. The answer is to restore a free market, and the economy will produce constant and substantive growth without the need to stimulate the demand side or the supply side."


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  • Posted by $ Radio_Randy 7 years, 3 months ago in reply to this comment.
    Trust me...any of them who are truly willing to "work" are unlikely to be the kind of Dreamer you are speaking of.

    Folks in the CCC worked their butts off, lived in minimal quarters and made barely enough money to survive on. These would have been the very kind of immigrants our country would have welcomed, back then.

    As for leaving weak spots in the wall...I think this is a non-issue, unless you believe the workers would be allowed to construct it, unsupervised.
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  • Posted by ChestyPuller 7 years, 3 months ago in reply to this comment.
    No I do not; I understand you are talking unemployment numbers which I did show in the beginning of the post, I am showing in the latter portion of the post the percentage of those paying in against those that are not. The numbers are showing WHO is paying the brunt of what the Federal Government is doing.
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  • Posted by starznbarz 7 years, 3 months ago
    Three things that politicians promise by rote at every election cycle, yet never seem to accomplish are, immigration reform, entitlement reform and foreign aid audit/reform. If existing immigration law were simply enforced, including removing ALL illegals from the Country and their children, ( that are NOT U.S. citizens at birth if both parents are illegal) strict work requirements for welfare/medical is a great first step, coupled with the removal of non citizens the support costs will free up hundreds of billions. Foreign aid is out of control, massive savings in dollars would be realized and we would gain the much larger prize - fear and respect from the rest of the world. The progressives/communists would howl for Trumps head, so? They are now. If you want to be the benefactor to the truly needy on the planet, you better be feared by those that would mistake your kindness for weakness - we have been the weak sister since `88, time to nut up.
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  • Posted by ChestyPuller 7 years, 3 months ago in reply to this comment.
    WoW... are you a dreamer???
    You want to those that broke our laws to come here and those same people that say F*ck America, beat up American's rape and rob American's... you trust them to build the Wall without making weak points or ways to circumvent the Border Wall?

    Seriously?

    Is this Peter Pan...
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  • Posted by ChestyPuller 7 years, 3 months ago in reply to this comment.
    Honestly... the money we give to illegal's in the form of welfare, social security and healthcare would build the Wall and fund Pakistan [even though I don't care to fund Pakistan, Turkey, Iran, Saudi Arabia and several other nations that want us dead]
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  • Posted by $ Radio_Randy 7 years, 3 months ago in reply to this comment.
    The "Dreamers" want to avoid eventual deportation.

    Fine...if they wish to be productive Americans, make them work for it.

    I say, put the Dreamers to work, on the wall. When that's done, put them to work on infrastructure repair, just like the Civilian Conservation Corps did, during the Depression.

    Pay them a "true" minimum wage, give them basic necessities, like temporary housing and food, and let's see just how seriously they want to remain in this country.

    Any that refuse to sign up, get the boot.
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  • Posted by ChestyPuller 7 years, 3 months ago in reply to this comment.
    That is the great thing about accounting and economist's; they can [on paper] make anything happen, heck even elephant man could marry Miss Universe on a stat sheet. But, WE LIVE IN THE REAL WORLD...

    Lesson from history: Weimar Republic- [the new government of Germany after the Kaiser lost WWI]- They used your very same plan to pay their debt to the 'Banks'; and they only needed to pay $33,000,000,000 [33 Billion Dollars].

    They printed their own 'un-backed' currency to "PAY THE DEBT"... can you tell us what happened; not on paper but in real life?

    Okay, I will tell everyone for you, the Banks took in the money [because they made the rules, they had too], and because they lost their power, they created a world wide inflation that caused... wait for it... wait for it... Anyone... Anyone... the Great?... Anyone...Anyone... Depression? Yes, they created the Depression which crushed the World's economy propelling people to follow evil dictators which caused WWII.

    On Paper it looks fabulous, but in the real world... not so much.

    I really hate to say this... honestly, I do not think people of these United States can hold a candle to the intelligence of our Founders and Framers, but the only way to fix our current debt is a Constitutional Convention as was done in 1787 which fixed the screw-up of the Confederation of States [interestingly also a bank debt issue].

    If we do have a Constitutional Convention and we do "ratify" [A.K.A. create a new republic] a new Constitution...we surely will be sorry for the changes we make to the existing U.S. Constitution... God help us all.
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  • Posted by ChestyPuller 7 years, 3 months ago
    What President Donald Trump has found out, just as did President Ronald Reagan, President Calvin Coolidge and President Warren G. Harding [the actual first Black President of these United States], is that ONE MAN CAN NOT CHANGE THE FEDERAL GOVERNMENT. The President needs many many people working together with him, and the Deep State will not work with him.

    Yes he can, thank the One True God 'IAM', appoint like minded Federal Judges and express the truth to the people of the republic. But, the News Media doesn't have to 'relay' that information and the existing Government School system has indoctrinated the People to the point they do not even know the truth when it is given to them.

    So can President Donald J. Trump "make good" on his promises? Only if we the so called 'outraged' [I think more likely 'awakened'] voters fight harder and stand bolder against tyranny and help him get the tools needed to help rebuild the foundation of the republic so it has a chance to be what it once was designed to be
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  • Posted by ChestyPuller 7 years, 3 months ago in reply to this comment.
    While I agree with your premise on paper, the stall will not happen; at least not in the way you claim.

    The education system (government school), is so poor that the masses are not educated enough to work in the modern businesses, and labor jobs are going to keep decreasing. What will happen will be the restructuring of way the Federal Government calculates the "Unemployment Rate", they changed this the first time in the 1970's, then in the 1980's again and again around 2011. So yes 'jsw225' is correct the unemployment rate is higher then what is said, but sadly it is actually higher then 20%. Think about these stats; over 35% of the people in the United States in 2012 were on some type of 'welfare', in 2014 over 15% [roughly 46.5 million] of the republic were on 'food stamps'... in the "what we actually know" category; over 8 million ILLEGAL immigrants are on welfare' 12 million are getting at least food stamps and those are the illegals we know of. Now in 2016 the government calculated that 67,891,000 [that almost 68 million people] were FULLY ON WELFARE or 21.2% of the total population and they DO NOT GET COUNTED IN UNEMPLOYMENT NUMBERS [because they are not collecting unemployment], only those collecting unemployment are counted as unemployed.

    To point out the dirty little secret using the Government Accounting Office's own numbers: Total Population: 323.1 million people Total on Welfare [government assistance]: 109,631,000, total in the Work Force: 105,862,000 [which includes 16,685,000 FULL-TIME GOVERNMENT EMPLOYEES], now let's use simple math; 323,100,000 - 109,631,000 - 105,862,000 leaves 107,607,000 people not doing either.

    Now think about this 107,607,000 are not working or on Welfare, 67,891,000 are fully on welfare [meaning they aren't leaving it without force]; so in the republic we have 175,498,000 people that are not in the work force and have no desire to be in the work force or are unequipped to be in the workforce... Do I have to tell you that this number equates to roughly 54.3% of the population of the United States? so roughly 32.765% of the republic is working while 67.235% are not... and that is the dirty little secret!

    We need to put a stop to entitlements quickly; it will be difficult, heck over 2/3rd's the republic are involved in it. The amount of people involved are why it will seem impossible to end. Have you spoken to anyone about ending entitlements? they say I agree we should get rid of this, but my "fill in the Blank" get's this and we shouldn't touch that, or my personal favorite "I paid into it my entire life and I want to get my "share" now..."

    Sadly the population of the republic has no idea what is going on and they have been, just like junkies on the street, hooked by the Federal, Pusher Man, Government.
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  • Posted by term2 7 years, 3 months ago in reply to this comment.
    I agree he can’t stop funding Pakistan for swamp reasons. But the money we throw there would build his wall
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  • Posted by ChestyPuller 7 years, 3 months ago in reply to this comment.
    That is factually untrue; the issue is with the Federal Government (Deep State), which will just keep spending money and laundering money to groups that will keep holding up the building of the 'Wall' in Deep State owned Courts.
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  • Posted by walkabout 7 years, 3 months ago
    What has been done to date is not robust enough to continue to drive the economy or more importantly save the nation for the seemingly inevitable path to ruin. Toward a true salvation the Convention of States Project MAY move the ball. It will REQUIRE repealing the 16th Amendment and replacement of the slavery that is income taxation with something returning power to We the people (I like the FairTax Act, but other options may exist and be as good). Hopefully COS will impose term limits and reduce compensation to "representatives" (senators, Presidents, etc) so government is not seen as a career, but a distraction required by those who are actually able to achieve to correct ills created by Congress etc. An Amendment to the Constitution to impose sundowning on each and every law passed would be helpful in reducing the natural tendency to destroy government/society from within.
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  • Posted by DrZarkov99 7 years, 3 months ago
    The President believes the economy can be made robust enough that changes to entitlement spending won't be needed anytime soon. The deadline for an entitlement crash may be moved out a few more years, but it will come. Sadly, what I think will happen with increased tax revenue from a thriving economy will be a growth in entitlements to consume the extra cash, instead of surpluses used to draw down the debt. The draw of less expensive health care from more lavish subsidies, and reduced college debt from debt forgiveness is too seductive to be turned away, and office seekers will undoubtedly offer this as a "right."

    There is a limit to the growth of the economy when the workforce stalls due to extremely low unemployment. If we hit that stall, expect to see a push to increase immigration to grow the workforce. That in itself will increase the strain on entitlements as the population increases rapidly.

    Until we recognize that there's no free lunch, and insist that less government improves market forces and individual creativity, the economic boat will continue to leak.
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  • Posted by $ CBJ 7 years, 3 months ago in reply to this comment.
    Re: “With a fiat currency the national debt cannot be eliminated without extinguishing all currency by paying it back to the lender at which time the country will still owe the interest which will then be unpayable because of there will be no currency left.”

    Not true. The deficit and the debt are two different issues. The U.S. can begin issuing pure “unbacked” fiat money to fund the deficit, rather than going further into debt. The inflationary impact of unbacked dollars would be no different than the inflationary impact of the same amount of debt-backed dollars, and such a policy would call a halt to the increase in the national debt and its crushing $400+ billion in annual interest payments.

    Using unbacked dollars rather than debt-backed ones, in theory we could pay off each bond or treasury bill as it matures. In practice, however, this would risk introducing too much new money into the economy at one time. Paying off part of the maturing debt each year and rolling over the rest should eventually bring the national debt (and its taxpayer-financed interest payments) down to zero.

    Printing more money won’t necessarily lead to price inflation. In a growing economy, the money supply needs to increase each year in order to keep the value of the dollar stable. Under a gold standard, the government provides a mechanism for this necessary increase in the money supply: turning gold bullion into coins. In a fiat money system, however, the money supply can increase only if the government runs a budget deficit. But the government does not have to go further into debt to do so, it can simply “print” enough money to cover the deficit. In this scenario, price inflation will occur only if the government issues an amount of money greater than the increase of goods and services within the economy.
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  • Posted by Herb7734 7 years, 3 months ago
    Using the language of "A Clockwork Orange" you've got to control the old indandout. That is relevant to economics as well as sex. Money in, less of it out. Until that is achieved there is no way that the USA can fail to eventually pay the piper.
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  • Posted by Tbird7553 7 years, 3 months ago
    “Tax cuts necessitate spending cuts. Without them deficits will explode as sure as mushroom clouds will shoot skyward from nuclear blasts.”
    We need a balanced budget amendment!
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  • Posted by term2 7 years, 3 months ago in reply to this comment.
    He has my support. I dismiss anyone who voted for Hillary Such an easy way to determine pretty conclusively where a person stands hasn’t been available before. I love it
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  • Posted by term2 7 years, 3 months ago in reply to this comment.
    He could get his wall simply by cancelling foreign aid to Pakistan. Why doesn’t he do that
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  • Posted by chad 7 years, 3 months ago
    With a fiat currency the national debt cannot be eliminated without extinguishing all currency by paying it back to the lender at which time the country will still owe the interest which will then be unpayable because of there will be no currency left. What will the bank demand for payment?
    No president can balance the budget because any money coming in is already owed out plus interest. The only way congress can continue the charade is to borrow more money (devaluing the currency) causing inflation with the printing of more money. George Bush and Bill Clinton pretended to balance the budget by counting some income as a revenue stream that is actually supposed to be considered off budget; i.e. Social Security money coming in was considered as income against debts it was not intended for. Balancing the budget (spending less than you bring in) is not the same as paying the debt which would still exist.
    If the economy is ever to be in the hands of the citizens it must be a free market using money that has intrinsic value, otherwise everyone is trading worthless paper around hoping to not be the one caught with the paper instead of having a product when the paper becomes worthless.
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  • Posted by term2 7 years, 3 months ago in reply to this comment.
    Unfortunately enough republicans are swamp creatures that true free market reforms that require senate approval won’t be made. All we will get now is trumps executive actions
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  • Posted by $ Olduglycarl 7 years, 4 months ago
    Trumpet has made impressive inroads...despite the flack, despite every effort to take him down.
    Not as much as we all would like, but in the mist of one of the worst political tornato's...we can see a bit of light.
    Will it continue?...your guess is as good as mine.

    With a true Free Market, comes an enormous amount of accountability. I've stated many times and in my book as well, Your business model need only be focused on one thing first: The Customer, The end user of your product or service. Don't cheat them, don't poison them, USE your own product or service yourself and produce it the best, most efficient way possible and continue that over and over again. Don't go running to a politician or government to hamper your competition...out compete them by taking care of your customers.
    As soon as you do...they own you.

    If you honestly build a better mouse trap the world Will beat a path to your door.

    Another important point, it's old fashion, but it will keep your legacy in tact. Empower your employees to be the best they can be and anyone that might take your place some day, should not only have started at the bottom but have the same inventive passion that you have.
    Be Done with so called: Professional CEO's.
    Need a consultant for one reason or another, That's fine, but don't let em run/ruin your company...they won't care about your customers, your product nor your employees like you do.
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