Monday, February 19, 2018

Buried By Voodoo Economics

"Best case" scenario, we'll borrow 5% of GDP, to have 3% GDP "growth". Recession is not an option, which is good since Donny has banished recessions. You just can't make this shit up. What Trumpism represents is abdication of responsibility taken to level '11'. FULL RETARD...

America's forty year slide into degeneracy is a cautionary tale for any future nation state tempted to rent the mantle of empire at exorbitant cost, ending in collapse. The reason why so many on the right are vociferously casting about for scapegoats is because they can't stand to bear what their failed junk ideologies have wrought, and what history will say about them. 

This will be a deep burial for both:

What forty years of Supply Side economics represents is organized theft. What Republicans have proven is that democracy fails when you can con a large segment of society over and over again into voting against their own interest. All compliments of junk food and junk culture, and an education system devoid of education. The systematic raiding of Social Security and Medicare to fund tax cuts has been ongoing since the 1980s. It's outright theft. 

There is no line item on the paystub that says "Tax cut for Bill Gates". And yet somehow Social Security and Medicare are the "entitlements" in the Republican lexicon. These are not entitlements these were trust funds that were entrusted to organized criminals.

Now, of course RepubliCons need to blame "The deep state" for this entire debacle. Because it can't be due to some inherent failure in morality germain to the "American Dream". A proven nightmare that will in no way be repeated by any other country in the future this side of an aspiring banana republic. 

If it is in fact the deep state causing this strip-mining of the public treasury, then why is even Goldman Sachs forced to warn the Idiocracy of the impending catastrophe.

You see, all of Donny's projections for a best case -5% deficit, are exactly that, best case scenario. They leave absolutely no room in the equation for the impending recession. As always, don't take my word for it:

"President Trump, who sees himself as the toughest guy in the room, is, along with his GOP allies in Congress, disarming the federal government’s ability to respond to a future economic slowdown."

 The administration gets the 2019 deficit to 4.7% of GDP only by assuming well over $100 billion in spending reductions. But they are more than a little hard to imagine given that a bipartisan majority in Congress just increased spending by more than $300 billion."

Trump's budget assumes economic growth of 3% annually for the coming decade, despite the fact that this is already the third longest expansion in U.S. history. And despite the fact that Obama did not have one year at 3% growth. So no recessions, and the highest growth in the past three decades.

In other words, you have to be a full retard to believe this shit:

And that's exactly what this entire experiment represents.

Full Retard: