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Category Archives: Debt

Is Trump killing the Obama boom in bellwether Elkhart?

With the unemployment rate still at 3.7% and GDP growth at 2.0%, the American economy remains solid, if not spectacular. But with more warning lights flashing yellow, Team Trump is growing more concerned about the direction of the so-called best economy ever just as the 2020 election

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Heavy medal

Imagine you’re in a coffee shop when a man you don’t know sits down uninvited next to you. Scribbling on a napkin and spouting something about “tax cuts pay for themselves,” the man then confidently proclaims: “You really can't collect much money from upper-income people.

The four zombies of the supply-side apocalypse

Zombies have gripped American popular culture for years. In books, television shows, and films, the undead are regularly resurrected for your entertainment. (Even Jane Austen fans were treated to Elizabeth Bennet and Mr. Darcy butchering those from beyond the grave in Pride and Prejudice and

Donald Trump’s 10 most pathetically predictable broken promises

During the 2016 presidential campaign, Republican Donald Trump presented a unique conundrum for the public and pundits alike. Simply put, Trump lied at a rate never before seen in modern American politics. No candidate in the 21st century, from either party, even came close. Writing

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I’m a billionaire and I’m running for president

As prepared for delivery on Sunday, Feb. 17, 2019 at the annual combined meeting of the American Beverage Association and the Nuclear Energy Institute. Thank you for allowing me this opportunity today. I come to you with a simple message. I’m a billionaire and I’m running

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Deep thoughts, by Paul Ryan

In the future, historians and political scientists will speak of the “Ryan Gap.” That moniker will be used to measure the yawning chasm between the shining image a politician manufactures for him or herself and the brutal truth of their failed ideas and meager accomplishments.

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Cut and gut: How Republicans helped the rich raid the U.S. Treasury

And now for today’s thought exercise. Imagine you are a member of Congress. Recent assessments from the nonpartisan Congressional Budget Office (CBO) warn that the budget deficit for fiscal year 2018, which ended on Sept. 30, jumped to $779 billion and annual trillion-dollar shortfalls will return beginning

Donald Trump is America’s tax cheater-in-chief

A new Gallup poll last week once again confirmed that Americans are decidedly unimpressed by the GOP’s “Tax Cuts and Jobs Act” passed in December. Coming just weeks after a Fox News survey found Obamacare enjoyed greater popularity than the Republican tax cuts, Gallup’s latest

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GOP Holocaust analogists furious over Nazi border policy comparisons

It was a tough week for supporters of Donald Trump’s draconian policy of separating the families of undocumented immigrants at the border. (Those supporters are overwhelmingly Republican: a Quinnipiac University poll showed only 27 percent of all respondents—but 55 percent of GOP backers—endorse the practice.)

The third worst person in Washington

When it comes to the culpability for the dismal state of American politics and the accelerating erosion of our governing institutions, failure has a thousand fathers. At the top of the list of the usual suspects is Donald Trump, whose presidency of staggering incompetence, unsurpassed

Democrats proven right—again—on tax cut windfall for the rich

Campaign Action During the run-up to the passage of the “Republican Tax Cuts and Jobs Act” late last year, one technical paper from the Treasury Department’s Office of Tax Analysis suddenly went missing. Why “Distributing the Corporate Income Tax: Revised U.S. Treasury Methodology” alone among the

The 'we told you so' president

As 2017 draws to a close, President Donald Trump and his amen corner are bragging about his “year of solid policy accomplishments.” Despite approval ratings only slightly higher than the Ebola virus, Trump took to Twitter to soak up praise from Maria Bartiromo, who gushed

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GOP turns to decades-old lies to sell new tax scam

“You can fool some of the people all of the time, and that’s our target market.” That perversion of Abraham Lincoln’s timeless adage might as well be the slogan of the modern Republican Party, especially when the topic is taxes. After all, the Congressional Budget

Trump's golden showers

Campaign Action Donald Trump and his Republican allies have two definitions of the term, “golden showers.” The first concerns a notorious—and as-yet unsubstantiated–claim from the so-called Russian dossier: Decorum prohibits elaborating further here. The second meaning of the term, however, describes any public policy—usually involving taxes—which

WWTP: What will Trump pay under the GOP tax bill?

Donald Trump lost the 2016 presidential popular vote to Hillary Clinton by almost 3 million ballots. But by another seemingly meaningless measure, Trump got clobbered 38 to 0. That lopsided score represents the number of years of tax returns Democrat Clinton and Republican Trump respectively released to