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<blockquote data-quote="newfie" data-source="post: 5411875" data-attributes="member: 58700"><p>the other point of your rant was a dismissive slam of the stock market results during that time. I made a lot of money in my 401 K during that time as did I'm sure many other blue collar americans. the problem with Trumps tax cuts was not that we had more money to spend and invest and benifit from a stock market that soared but that our congress and president did not curtail spending. </p><p>without the covid nonsense and with a modest curb on the increase of spending we could have actually balanced by 2000. </p><p>Every president who comes into office jacks up the spending during the first term of their administration and then tends to have less deficit the second term of their president. that process has now been accelerated because we got the first term of trump back to back with the first term of biden plus the insanity of Covid spending.</p></blockquote><p></p>
[QUOTE="newfie, post: 5411875, member: 58700"] the other point of your rant was a dismissive slam of the stock market results during that time. I made a lot of money in my 401 K during that time as did I'm sure many other blue collar americans. the problem with Trumps tax cuts was not that we had more money to spend and invest and benifit from a stock market that soared but that our congress and president did not curtail spending. without the covid nonsense and with a modest curb on the increase of spending we could have actually balanced by 2000. Every president who comes into office jacks up the spending during the first term of their administration and then tends to have less deficit the second term of their president. that process has now been accelerated because we got the first term of trump back to back with the first term of biden plus the insanity of Covid spending. [/QUOTE]
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