So if we taxed like the average OECD country, the deficit would be 0 and we'd have a balanced budget.
Unfortunately, we've been browbeaten into screaming about over taxation since the Sons of Liberty cried about it to George III - even though the colonial taxes were a fraction of those across the pond. Nobody likes paying taxes. I get it. I don't like it either. But this incessant screaming about our crazy tax rates, is, well, crazy. I'm not implying we shouldn't look at spending, but we simply have to stop thinking we can tax-cut our way out of this through some type of economic wizardry that's never actually happened.
All week the market has seemed like it's desperately trying not to slide. Not sure how long it can continue, as investors are looking for alternatives in foreign markets and commodities.
https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014 Fact or fiction the truth of the article holds. Billionaires in this case.
Apparently, the U.S. bond market gets to vote on Trump's "big, beautiful" economic bill, and the bond market votes "NO!". The U.S. bond market is threatening rebellion as Darth Trumper starts building his Death Star to destroy it, with the full support of his evil overlord, Emperor Putin. https://www.cnn.com/2025/05/22/business/big-beautiful-bill-bond-market
“Not anymore. Two things have changed: First, the wolf is now lurking much closer to our door. Annual federal budget deficits are running at 6 percent of G.D.P. or higher, compared with well under 3 percent a decade ago. Interest rates on 10-year Treasurieshave more than doubled — around 4.5 percent now versus just over 2 percent then — the government is projected to spend more on interest payments than on defense, Medicaid or Medicare. That’s right: Our borrowing now costs us more each year than each of these big, essential budget items.” Opinion | I Was Obama’s Budget Director. It’s Time to Worry About the National Debt.
Weird how the stock market always only rallies when Trump says that he is delaying or cancelling his laughable economic "plans", isn't it?
Good point- it's not weird at all. The less influence the makeup wearing clown has on the economy the more motivated people are to buy stocks.
Because some people here think the rally is because he did something. Actually goes up when he agrees to do nothing. Perhaps he could go away and we could have a real positive trend
Take a healthy economy and market.. sabotage it... then watch your supporters hype up the bottom of the market bounce when you dial back some of the sabotage! I mean... what kind of fantasy world are posters and Trump supporters living in? Current earned trade "wins": Consumers to be eating higher prices in products imported to fund top tier tax breaks.
