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Originally Posted by nightfighter
It is no longer IF we are going into recession. It is how deep and how long.... And in case you did not connect the dots, tariffs are another way to raise taxes, without raising taxes......
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I’ve read a full blown recession is about 40% now. And tariffs as taxes, true, and hits the poor and middle class the hardest.
The shyte will really hit the fan when rural red states realize wealthy liberal cities have been subsidizing them all along once these federal cuts either just eliminate services they depend upon or state taxes go up to compensate.
Now the deficit increase, by making the wealthiest tax cuts permanent, is estimated at 9 Trillion over ten years. The only way to legally pass this is for the House to use an alternative model where the cost is estimated at zero because it’s off of the current baseline — where the taxes are in effect — rather than as a spending increase after they expire.
This is like me running a 10k a month visa bill when I earn 7k, yet claiming my new bill of 11k/mo is only 1000 dollars higher so everything’s great!
Anyone who is rightly concerned about our national debt should be wretching over what’s being proposed.