Tax cut

[HornAnt]

Now that the biggest tax cut in 30 years has been signed, the hobby economy should show a serious uptick. At least for me. My take home should show a modest increase, enough to spur additional hobby economic activity. This is definitely good news for my little head and some providers. Anyone feel the same?

[Guest012219]

Originally Posted by HornAnt

Now that the biggest tax cut in 30 years has been signed, the hobby economy should show a serious uptick. At least for me. My take home should show a modest increase, enough to spur additional hobby economic activity. This is definitely good news for my little head and some providers. Anyone feel the same?

I keep looking for the dead bodies the liberals said there would be......

[Xesaddict]

I certainly won’t mind the modest increase I will see in my monthly retirement checks or The slight increase I may get back on my tax returns each year. As a fiscal conservative, though, I am concerned about the 1.5 trillion it is projected to add to the national debt. The huge corporate tax cuts will largely benefit top executives and stock holders. Some bonuses will pass down to rank and file workers but any increase in consumer spending resulting from it will only produce a small blip in the GNP. Congress has repackaged and sold trickle down economics again, and it simply does not work. We will see.

[tpepsi]

Originally Posted by Xesaddict

I am concerned about the 1.5 trillion it is projected to add to the national debt.

On January 20, 2009, when Obama was sworn in, the debt was $10.626 trillion. On January 20, 2017, when he left, it was $19.947 trillion.

Were you concerned when Obama added 9 trillion to the national debt?

[Xesaddict]

Originally Posted by tpepsi

On January 20, 2009, when Obama was sworn in, the debt was $10.626 trillion. On January 20, 2017, when he left, it was $19.947 trillion.

Were you concerned when Obama added 9 trillion to the national debt?

I’ve been concerned about our inability to balance our nation’s budget since Clinton left office. If you recall, at that time we had a small treasury surplus. When Obama took office our banking system was on the verge of collapse, our auto industry needed a bailout, Wall Street had packaged risky mortgage loans then sold them to investors while going short on the investment packages they had just sold. You may recall what that resulted in. Obama inherited two wars that put a huge strain our the nation’s budget and a do nothing Congress that was only concerned with putting a Republican into the Oval Office. Save your Obama bashing for someone who doesn’t know better. Republican or Democrat, Obama or Trump, our elected officials are writing checks for which we have to borrow money in order to cash. It will have to stop eventually and passing a so called tax reform that only worsens the problem is not a step in the right direction. I have lived through three significant recessions and a couple of minor ones, all of them brought on by a combination of bad public policy and private sector greed. Nothing has changed. Still you, and others like you, elected someone to the highest position of leadership in the land who is a transparent con man, dumb as a box of rocks, a blatant lair, has no sense of integrity or honor, is so inarticulate that every time he opens his mouth he makes himself and us a laughing stock around the world, and has no clue how to reverse the cycle of spend and borrow we have been in far too long. I doubt Hillary would have done any better, but at least I would not have been embarrassed by her whenever she spoke in public. There is something to be said for perception. I doubt I will be around when the bill comes due for this national indebtedness,but my children, grandchildren, and great grandchildren may be, and I worry for them when that time comes. Maybe you should too.

Forgive me for going on, but I have grown weary of sound bites and smart ass comments that have replaced civil discourse and the intelligent exchange of ideas in today’s society. Even on a hooker board we can do better than that.

[Dr Grey]

Brav the Fuck O xesaddict!

As for the tax cut leading to more hobby time? I look forward to it as long as living essentials prices don't rise in the RW, and rates here stay or have a cut so I can use more of my earned tax credit money to support the local economy here.

[tpepsi]

Originally Posted by Xesaddict

I’ve been concerned about our inability to balance our nation’s budget since Clinton left office. If you recall, at that time we had a small treasury surplus.

Wow. Talk about a sound bite. If you recall, we were talking about national debt, not the budget. But since you want to confuse the issue with a sound bite, let me explain it for you.

The national debt does not equal annual budget. If, this month you spent no more money than you brought in and have ten bucks left over then congratulations! You have balanced your monthly budget and have a ten dollar treasury surplus. It does not however, erase your huge credit card balance (your debt). So yes, you can prance around shouting to the rooftops that you "balanced your budget" when if fact you are still hopelessy in debt.

It's sad that Clintonites have perpetuated this myth for so long. Interestingly, the national debt GREW for every year Bill Clinton was in office! Until the Republicans ran all of Congress, Bill Clinton ran deficits just like everybody before him did. It wasn't until the Republicans showed up that balanced budgets started appearing.

Originally Posted by Xesaddict

When Obama took office our banking system was on the verge of collapse, our auto industry needed a bailout, Wall Street had packaged risky mortgage loans then sold them to investors while going short on the investment packages they had just sold. You may recall what that resulted in. Obama inherited two wars that put a huge strain our the nation’s budget and a do nothing Congress that was only concerned with putting a Republican into the Oval Office. Save your Obama bashing for someone who doesn’t know better.

What you call "Obama bashing" was a simple black and white statement of national debt numerical fact. Your false phrophet (that's an example of bashing) did not "inherit" two wars. He actively campaigned for and was elected to the office of president to be commander in chief over those two wars! To then expand the wars while claiming he inherited them is the height of hypocrisy!

Originally Posted by Xesaddict

Republican or Democrat, Obama or Trump, our elected officials are writing checks for which we have to borrow money in order to cash.

We agree!

Originally Posted by Xesaddict

It will have to stop eventually and passing a so called tax reform that only worsens the problem is not a step in the right direction. I have lived through three significant recessions and a couple of minor ones, all of them brought on by a combination of bad public policy and private sector greed. Nothing has changed. Still you, and others like you, elected someone to the highest position of leadership in the land who is a transparent con man, dumb as a box of rocks, a blatant lair, has no sense of integrity or honor, is so inarticulate that every time he opens his mouth he makes himself and us a laughing stock around the world, and has no clue how to reverse the cycle of spend and borrow we have been in far too long. I doubt Hillary would have done any better, but at least I would not have been embarrassed by her whenever she spoke in public. There is something to be said for perception. I doubt I will be around when the bill comes due for this national indebtedness,but my children, grandchildren, and great grandchildren may be, and I worry for them when that time comes. Maybe you should too.

Forgive me for going on, but I have grown weary of sound bites and smart ass comments that have replaced civil discourse and the intelligent exchange of ideas in today’s society. Even on a hooker board we can do better than that.

If you can't see the bias in the main stream media that is actively engaged in treasonous distortion of Trump then I truly feel sorry for you. You appear to have fallen victim to the malicious perception of Trump that they are working so hard to spread. Hillary is the worst sore loser in the history of mankind and has spearheaded a witch hunt into non-existent Russian collusion. This after her criminal mishandling of classifed material which was swept under the rug by a complicit FBI. Her sore loser followers are now engaged in a campaign of "RESIST" that is undermining our nation (not Trump, he's still getting things done) and in spite of that, Trump is still actively replacing the liberal nut activist judges which have caused so much lunacy and madness in the court system.

I hope you do walk this earth long enough to see the positive changes that will result from Trumps 8 years in office.

In the meantime, I'm going to peruse this hooker board and get my dick sucked today.

[Xesaddict]

Tpepsi. Basic economics: if you have a budget surplus you have not added to your credit card debt. You can even pay down that debt a bit even though you have not erased it. You have to do one before you do the other. There is a direct correlation between the two. Unfortunately, deficit spending on the national level seems to be the norm.

As for Obama running for office while war was actively being waged does not mean he did not inherit the wars. I was not an English major but I think inherit does mean to receive something that is passed on to you. He did not end the conflicts, though, and for that I fault him.

I do not need the media to “distort” my perception of Donald Trump as both a man and as our nation’s leader. My opinion of him has been molded by his own words and actions. It has long been a ploy of politicians to blame the media for their own shortcomings and failures. I will wait and see if his policies benefit our country before I render my personal verdict on him as our President.You will note I did say “our” President. For better or worse he is the President. My opinion of Trump as a man is a different matter. He has no character, no honor, no integrity, and I doubt seriously that will ever change.

I do not affiliate myself with either political party. Never have. I consider myself an independent and do not follow any party line. You and I may differ on some political issues, but I am glad to see we do not have to resort to name calling and attacks on one’s character to discuss these issues. We do agree on one very important thing, however. A good blowjob and a good fuck certainly can make everything look a little brighter.

MERRY CHRISTMAS to you and yours, Tpepsi, and happy mongering In 2018.

[repete offender]

Good discourse on both sides with valid points made by both, this kind of civil, intelligent dialogue is what our country needs and not a sports-oriented winner loser scenario/outcome. More bjs for everyone! Merry Christmas to all!!

[Carribean stud]

Originally Posted by HornAnt

Now that the biggest tax cut in 30 years has been signed, the hobby economy should show a serious uptick. At least for me. My take home should show a modest increase, enough to spur additional hobby economic activity. This is definitely good news for my little head and some providers. Anyone feel the same?

For a retired or single man I think your correct, but for family guys or those with significant debt I think those tax savings will be quickly spent. Overall I don't see a noticeable change happening.

[HornAnt]

What a lively discussion I started. I'm not a believer in trickle down economics in the way the elite politicians are. But if you look at it on a microeconomic level, say the SA monger community, it could have a small positive effect. For instance, if I gain $$ monthly, that could be an extra hhr or hr. The provider spends that however she pleases into the local economy. So in effect, Uncle Sam is paying in to the hobby to spur economic growth, not to mention other "growth " as well. Taxes paid as a result of this economic growth will never compensate for the addition to the deficit. Thanks for keeping this discussion civil.

[ck1942]

I cannot say I am an expert on the federal budget nor the federal deficit.

What I can point out is that the overall "budget" seems to defy fiscal logic, which I define as

REVENUE and EXPENSE (meaning that which is spent in the present and that which is pledged to be spent in the future.)

Fact is the federal (and many state and local governments, too) don't really have a handle on fiscal issues.

Who to blame falls on all taxpayers, both individual and corporate, and on all office holders, politicians in general and certainly on political parties.

Yes, it is possible to spend more cash than tax revenues generate: it is called borrowing.

And a certain amount of borrowing, can be justified, as in a homeowner taking out a mortgage in which he or she pledges future income to pay the balance off, and hopes to accumulate enough increased value in the home to help reduce the capital debt or move up or downsize with a "profit."

Taxes: income, property, sales and other taxes help fund all of our government expenditures, and, just as a homeowner does, the governments issue bonds which in essence help underwrite capital projects for which a current budget doesn't have enough cash.

Supposedly, "users" of roads and highways pay fuel taxes which are used to build and maintain the road structures.

Supposedly, users, current and future, of Social Security, have paid into or are currently paying enough to fund the SS system in perpetuity -- but we all hear that SS is not breaking even and the U.S. Treasury owes billions to the SS system for money it has borrowed...taxpayers must pay those notes back, of course.

The better message, imo, at this time of the year and at this point in the current government, is for voters to make their voices (and their VOTES) heard by the current and wannabe office holders at all levels of government and we should insist on some fiscal SANITY going forward.

One big question I leave y'all with:

What is fair, when it comes to taxes?

How much tax bite should (or should not) the government be allowed to take?

I have my own thoughts on the above, but I'd rather hear yours first.

Happy Holidays! and Happy Hobbying!