No announcement yet.

Trump Budget and Healthcare

  • Filter
  • Time
  • Show
Clear All
new posts

  • I'm just waiting for Trump to start blaming the Democrats after he went on TV and said he'd be proud to own the shutdown.


    • It took him three days. Frankly, I'm surprised it took him that long.

      He was presented with a bipartisan funding bill and he's refusing to sign it.

      “They want to try and do anything possible to hurt us, because of the fact it’s politics,” he said. “I understand that. I don’t even hold it against them, except you should always put your country first, and they’re not doing that. They’re putting politics first.” Trump ended by once again promising the wall will be completed.

      This is quite a different tune from just a week ago, when during a terse meeting with prospective Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY), Trump promised to own the shutdown.

      “You want to know something? I’ll take it,” he said at the time. “I will shut down the government. I am proud to shut down the government. I will take the mantle.”


      • Meanwhile, he's gone quiet about how well the stock market is doing.

        Stock market sell-off continues as U.S. government shutdown looms

        Stock prices plunged again on Thursday as a series of big drops in December kept stocks on track for their worst month in a decade. The Dow Jones Industrial Average dropped 464 points, or just under two per cent, bringing its losses since Friday to more than 1,600 points.

        The benchmark S&P 500 index has slumped 10 per cent this month and is almost 16 per cent below the peak it reached in late September. The technology-heavy Nasdaq composite is down almost 20 per cent from its record high in August, placing the index into official bear market territory.

        After steady gains through the spring and summer, stocks have nosedived in the fall as investors worry that global economic growth is cooling off and that the U.S. could slip into a recession in the next few years. The S&P 500 is on track for its first annual loss in a decade.

        If it finishes the year at its current level, the Dow Jones will also post its worst year since 2008.


        • He is blaming the Federal Reserve for their policies.

          Sort of like the arsonist, blaming the fire department for putting down the dumpster fire that was created when they poured 5 gallons of gasoline into an already performing economy.
          Advocating a better Edmonton through effective, efficient and economical transit.


          • Government shutdown

            Basically the government is going bankrupt.

            Trump is running the government as successfully as his casinos.
            Advocating a better Edmonton through effective, efficient and economical transit.


            • Trump’s $4.4 Trillion Budget Boosts Defense With More Red Ink


              The US deficit has skyrocketed to $779B. Why?
              This week, the U.S. Treasury Department released the nation’s monthly bank statement, revealing a deficit of $779 billion – a six-year high and a nearly 17 percent increase year-over-year from $666 billion in 2017. According to Stan Collender, one of the leading experts on federal spending, the Trump administration may be responsible.

              “From my perspective, the biggest reason we’ve got the deficit increase from $779 billion in 2018 to what’s projected to be $1.1 trillion in 2019 is the tax law that we just passed,” Collender said on Thursday during an interview with FOX Business’ Liz Claman.
              Advocating a better Edmonton through effective, efficient and economical transit.


              • The petition is currently titled: Sell Montana to Canada for $1 Trillion to eliminate the national debt

                And the page has a very simple mission statement:

                "We have too much debt and Montana is useless. Just tell them it has beavers or something."
                Advocating a better Edmonton through effective, efficient and economical transit.


                • Donald "I'll eliminate the debt in eight years" Trump

                  US federal deficit widens 77% in first four months of fiscal 2019

                  Washington (CNN)The federal budget deficit ballooned in the first four months of the 2019 fiscal year, growing 77% over the same period a year earlier as tax revenue plummeted and government spending went up.

                  Figures released Tuesday by the Treasury Department showed the deficit hitting $310 billion, up from $176 billion a year ago.



                  • From the same CNN article:

                    The growing deficit is being driven in part by the 2017 Republican tax reform, which sharply cut taxes for corporations as well as individuals.

                    Treasury said revenue from taxes collected from individuals for the period for October 2018 through January 2019 fell 2%. Revenue from corporations declined about 22% to $58.9 billion from $75.5 billion.
                    But, but, but Jason Kenney said yesterday the UCP's proposed corporate tax cut would through the magic of the invisible hand cause corporate tax revenues to go up, not down.


                    • Trump does nothing about drug prices.

                      Instead of fixing the exorbitant costs of drugs in the US and the huge profits of big pharma, Trump just suggest that Americans buy their drugs from Canada. Sort of like your neighbour who is too cheap to buy beer, coming over to raid your fridge...

                      Trump administration says Americans will be allowed to buy cheaper drugs from Canada

                      Health and Human Services Secretary Alex Azar, a former drug industry executive, said U.S. patients will be able to import medications safely and effectively, with oversight from the Food and Drug Administration. The administration’s proposal would allow states, wholesalers and pharmacists to get FDA approval to import certain medications that are also available here.

                      Advocating a better Edmonton through effective, efficient and economical transit.