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<blockquote data-quote="Up In Smoke" data-source="post: 5411762" data-attributes="member: 79702"><p>You&#039;ve posted countless times about the government&#039;s &quot;printing&quot; of money.&nbsp; When the Tax Cut and Jobs Act was introduced, it was estimated by the White House to cost 5.5 trillion over 10 years, or 550 billion per year.&nbsp; It was sold as a economy building law that would stimulate businesses to reinvest in America and drive the GDP for years to come.&nbsp; It was sold as paying for itself with and expanded workforce and higher wages.&nbsp; Well, we all know what happened, the corporate tax cut was passed down to the shareholders by way of dividends or stock buybacks.&nbsp; The dollar was affected negatively causing the largest trade deficit in US history.&nbsp; Up more than 40% from 2016-2020.&nbsp; Federal debt held by the public rose from 14 trillion to 21 trillion and house prices rose near 30% in those years.&nbsp; The US GDP rose at a 2.5% annual rate as government spending went from 6 trillion to over 10 trillion.&nbsp; Government revenues rose, but at a fraction of what was estimated.&nbsp; In the end nearly 8 trillion dollars were added to our debt, but at least the stock market went up.</p></blockquote><p></p>

[QUOTE="Up In Smoke, post: 5411762, member: 79702"] You've posted countless times about the government's "printing" of money. When the Tax Cut and Jobs Act was introduced, it was estimated by the White House to cost 5.5 trillion over 10 years, or 550 billion per year. It was sold as a economy building law that would stimulate businesses to reinvest in America and drive the GDP for years to come. It was sold as paying for itself with and expanded workforce and higher wages. Well, we all know what happened, the corporate tax cut was passed down to the shareholders by way of dividends or stock buybacks. The dollar was affected negatively causing the largest trade deficit in US history. Up more than 40% from 2016-2020. Federal debt held by the public rose from 14 trillion to 21 trillion and house prices rose near 30% in those years. The US GDP rose at a 2.5% annual rate as government spending went from 6 trillion to over 10 trillion. Government revenues rose, but at a fraction of what was estimated. In the end nearly 8 trillion dollars were added to our debt, but at least the stock market went up. [/QUOTE]

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