Me neither yet they always seem to have it. Go to Disneyland on a Wednesday in January and it's packed. Go to an airport at 10am on a Tuesday in October and it's packed, mostly not with business travelers. Americans have money. They whine that they don't because they're spoiled and can never have enough.
The tax cuts given out never pay for themselves. That's why tax cuts since Reagan have always been followed by deficits. Only in some relatively small cases where the tax cuts are targeted and well done do they pay for themselves. This was all based on the Laffer Curve, which does not say tax cuts pay for themselves. It says tax cuts pay for themselves IF the tax rate was higher than the optimal number.
Factually speaking, tax revs went up significantly after the tax cuts. They always do. Tax cuts are always good
I see the exact opposite. The push is to convince people the economy is bad.
Yeah. That’s political for the election. If the economy tanks it doesn’t help the incumbent.
The economy IS bad for more than who you claim to know. … I will wager that there are millions upon millions of between 25-90 who are far more apt to be in mounds of debt #1 ….#2 can’t afford a home… #3 you don’t know enough people to believe otherwise... #4 if you are age 90 you don’t give a shit….if 25 to 40 you don’t care because you should be doing well . Many are single or have two incomes coming in. I can sight my two sons as examples of doing well . Does that mean that’s the example we should use on the economy. I told you I believe a month ago….all it will take is one or two major factors to occur and you can claim ignorance on the issue. If you travel around the US you may see the people who would laugh at you. If you aren’t solvent by your 50’s you probably will never be. tom1944 if you and those thousands of people you know are all living in this economic utopia you should be running the country. Have a good weekend.
+1
Let's be clear. Inflation and higher prices are two different things. While inflation is way down from the 2021/2022 highs and approaching the Fed target level, higher prices are still here and will remain.
People at the lower end of the spectrum are getting into trouble. Higher debt to income ratios, more defaults, more delinquency. Upper end people are generally doing well other than dealing with inflation and lack of housing supply
Never said there was no inflation
That has almost always been true. The lower end of the income structure has always struggled.
Inflation might solve our health care crisis if people stop buying fast food
That would be good for society. However, Chipotle is relatively "healthy" fast food as long as you don't sour cream and guac it all up. Burrito bowls are the best choice (which I get quite often).
tom1944: why is it when you don’t have an answer now you immediately deflect to a completely different issue ? The health issue you bring up, like the border issue , like the crime issues , like the on campus vile protest issue , like the gun issues could have been solved by both sides for several decades…
And yet you have survived, you are retired and doing well. So , who are you blaming for the medical cost debacle.? I ‘ve lived through and worked through 11 presidencies 6 R ‘s… 5 D’Souza … all are responsible for the issues which we face going forward. People fail to admit that fact ….they want their team to come out on top. Meanwhile millions will suffer and it could be all who are now doing so well in our booming economy. At least you think so.
You need to get out more. I deal with a very wide spectrum of people from all different backgrounds. And while I am doing well it really isnt the case for a lot of folks.
Pssssst, you might wanna look up how spending has changed ;)
Bob I don’t believe I have blamed any politician or political party on any of my posts
This is the thread we are discussing. I don't believe I responded to any of the posts by blaming any politician or political party.
Absolutely
I dont sell down there but I can tell you from looking down there as a buyer, nothing makes sense. Youre far better off renting than buying down there imo
I’m in the camp of if you can afford a house at the shore and want one, buy it. Prices don’t seem to ever come down
Dude argued ITT that there was basically no inflation when I told him it's been like 30% since Biden took over. I don't even read his posts anymore. Living on another planet.
Even the rents make no sense down there anymore. I started a thread on this and was proven right they were soft last year. I'm trying to buy something in the Caymans instead but holy fvck do they hold you to a higher standard down there. Plus rates higher, term shorter...major F you money down there.
