So lets see....1.3 trillion dollar omnibus bill .... and its paid for with 1.5 trillion dollars in tax cuts.
Easy peasy.
If you want to understand why Trump's casinos go bankrupt its because he uses the same math as Paul Ryan. And now our country does too.
Enter resident conservatives who brag about Republican fiscal responsibility....
PJ is using his "new math" skills once again, to no avail.
My math didn't add 200 billion to the debt in one month.
Makes me long for the days when the biggest complaint doc had was crying about Obama's taxpayer-funded vacations.
Conservatism isn’t a real political philosophy with economic foundations or even beliefs in things like science or math. It is simply an edict to do the top 1%’s bidding. That is why debt to fund tax cuts for the top 1% are never a problem.
John Kenneth Galbraith said it best. The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
Even better - The problem with liberalism; eventually you run out of other people's money.
The top 1% pay almost 50% of the federal tax revenue
Does PJ & Mark voluntarily pay more taxes than they owe?
That’s right. It’s other peoples’ Money when the State Department has birthday parties under Obama. Tom would get really upset....almost as much as golf.
The fiscal champion republicans now give us :
1.5 trillion in unreconciled tax cuts.
1.3 trillion in government spending.
Tom is on radio silence.
The next president will be a democrat...and will follow the footsteps of the last two democrats in the office by reducing their predecessors irresponsible financial mess. And our resident fox viewers will go back to crying about how he/she isn’t cleaning it up fast enough. That and whining about food stamps.
Poor old DonDiego is troubled by the excessive spending by the US Government.
However it does seem to be a bi-partisan decision; . . . legislators like spending money and telling the constituents how much they are doing "for the people".
[An Aside: Poor old DonDiego cannot recall an instance when The Government did something especially noteworthy "for him." Maybe his modest student loan, . . . which he paid back on schedule; but now even that program has transmogried into a huge pile of practically un-repayable debt. Things like this happen when Government tries to "help" everyone in exchange for votes.]
DonDiego supposes the eventual result will be significant devaluation of us currency, . . . and related reduction in US influence worldwide. Not altogether a bad thing., . . . although painful if one is exclusively dependent on the US dollar to maintain one's lifestyle.
On the other hand outright default on US debt and the resultant economic collapse would be altogether a bad thing.
DonDiego suggests one make oneself less dependent on the US Dollar, . . . just in case.
Hisorically such economic fate is not inevitable, . . . but nearly so.
Since the return of "free enterprise" to the Far East, the energetic Chinese citizenry seem destined to take a bigger role in world events. DonDiego wishes them well.
DonDiego suggests one encourage one's offspring to lean Mandarin. And if things don't blow up altogether one's grandchildren might do well to learn Russian; when those Russkies start monetizing all their natural resources they will prosper.
DonDiego is right about one thing - spending is a bi-partisan exercise.
What is not bi-partisan is honesty in how that spending can be paid for. Voters should reflect on support given to politicians who sell the idea that increased spending can be paid for with decreased tax rates...
DonDiego might know one or two such folks
DonDiego respectfully disagrees.
If Mark is interested in learning the "conservative economic foundations" and "beliefs in things like science and math", and the philosophy behind the opposing viewpoints . . . DonDiego suggests he Google something like "liberal and conservative beliefs".
He's likely to see a list of issues and the opposing views of the liberals and conservatives, . . . and even the bases for these opinions.
[For the record DonDiego does not agree with all the "beliefs" attributed to Conservatives, nor agree with all the "beliefs" attributed to Liberals. i.e. DonDiego i. is unlikely to agree that the "principles" on such list apply as prescribed to the two categories and ii. even where the "principles" may apply as written, DonDiego does not fall into either the liberal-or-conservative column 100%.]
DonDiego supposes that he is unlikely to meet anyone who does agree totallly with either set of viewpoints, . . . and anyone who does agree totally with either set is likely a troubled soul prone to wild imaginations and, possibly, manic behaviors, . . . a danger to himself and others.
If Mark were interested in some of the economic principles attributed to conservatism he could look into the philosophy of Friedrich Hayek and Ludwig von Mises.
If he were interested in the economic priciples of liberals DonDiego suggests writings and governance of Vladimir Lenin, Mao Tse-Tung, and, for a modern example in Venezuela, the tenures of Hugo Chávez's and Nicolás Maduro.
"If you want to understand why Trump's casinos go bankrupt"
Almost half of ACs casinos have closed & with the exception of the Borgata they have all been in bankruptcy.
Harrahs had to close their Claridge casino, the Wild West Wing at Ballys & Caesars has huge parts of their casino floor vacant
