longcast
Well-Known Angler
And..................................................
It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble U.S. economic growth
Whats going on in the World
- Thread starter cany
- Start date
longcast
Well-Known Angler
MORNING GLORY: Are President Trump’s tariffs actually working?
Maybe, just maybe, we free marketeers ought to consider that perhaps, Trump has been right about tariffs and America’s strength relative to that of our trading partners.
www.foxnews.com
A new report released Friday from the Congressional Budget Office is surprising, even stunning. The "CBO" is not thought to be a friend of Republican presidents and Congresses. Questions always arise from "supply-siders" about whether CBO rejects serious "dynamic scoring" of developments in the law and in major regulatory actions. Whatever the agency’s methodology, it issued a report on the Trump tariffs at the close of last week.
"We project that increases in tariffs implemented during the period from January 6, 2025, to August 19, 2025 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period," Phillip Swagel, CBO’s director wrote. "By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether."
longcast
Well-Known Angler
Summer 2025 violence: Tracking shootings across Chicago | Live updates
ABC7 is tracking gun violence across Chicago throughout summer 2025.
abc7chicago.com
6 dead, 27 hurt in Chicago weekend shootings, police say
Story by Jeramie Bizzle• 1d•
8 min read
Didn't the mayor and governor say all was safe???
Avenger
Well-Known Angler
Next they'll do the Taylor Swift tax that RI passed.
Southampton bans short-term rentals in move that officially cancels weekend trips to Hamptons: ‘Out of luck’
It’s the end of the Southampton girls weekend.
nypost.com
Chinacat
Well-Known Angler
When half the houses in your neighborhood get rented out for the weekend by a bunch of obnoxious city it asswipes with no respect for locals lets see how you like it and report back to us
Southampton bans short-term rentals in move that officially cancels weekend trips to Hamptons: ‘Out of luck’
It’s the end of the Southampton girls weekend.
I know who's fault it is! *****!
wader
Well-Known Angler
so this explains why Dump is badgering Powell over interest rates......
Trump has bought $100 million in bonds since taking office. His portfolio is poised to get a boost if the Fed cuts rates.
- New disclosures show that President Trump has bought roughly $100 million of bonds since starting his term.
- These purchases could gain from Fed rate cuts, benefiting Trump's portfolio value.
- The president has been pressuring the Fed for months to lower interest rates.
Chinacat
Well-Known Angler
If you believe the state run scrubbed up manipulated press releases, good for youMORNING GLORY: Are President Trump’s tariffs actually working?
Maybe, just maybe, we free marketeers ought to consider that perhaps, Trump has been right about tariffs and America’s strength relative to that of our trading partners.
A new report released Friday from the Congressional Budget Office is surprising, even stunning. The "CBO" is not thought to be a friend of Republican presidents and Congresses. Questions always arise from "supply-siders" about whether CBO rejects serious "dynamic scoring" of developments in the law and in major regulatory actions. Whatever the agency’s methodology, it issued a report on the Trump tariffs at the close of last week.
"We project that increases in tariffs implemented during the period from January 6, 2025, to August 19, 2025 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period," Phillip Swagel, CBO’s director wrote. "By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether."
Chinacat
Well-Known Angler
longcast
Well-Known Angler
It’s from the CBO. It’s the source the dems always love and quote!!!If you believe the state run scrubbed up manipulated press releases, good for you
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