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Trumpland: Plutocratic Socialism
4 months ago  ::  Mar 20, 2019 - 2:02PM #941
bertram
Posts: 8,706

Mar 20, 2019 -- 1:30PM, MajorYankFan wrote:


It just became easier for employers to dump retirees' pensions


Traditional pensions are disappearing in America, and the federal government just made it easier for employers to get rid of them. 

With no fanfare in early March, the Treasury Department issued a notice that allows employers to buy out current retirees from their pensions with a one-time lump sum payment. The decision reverses Obama-era guidance, issued in 2015, that had effectively banned the practice after officials determined that lump-sum payments often shortchanged seniors.

Read more: www.wpsdlocal6.com/2019/03/20/it-just-be... 




Of course, the retirees get shortchanged due to those lump-sum payment plans.  But Trump and the GOP don't give a whit about that.

4 months ago  ::  Mar 20, 2019 - 3:48PM #942
MajorYankFan
Posts: 32,868

Duh............


Trump gives America ‘the middle finger’ every day: Historian says we will need ‘a collective shower’ once he leaves


Presidential historian Tim Naftali told CNN on Wednesday that living under President Donald Trump was like waking up to a giant “middle finger” every day — and that by the time his tenure is over, Americans will need a “collective shower.”

4 months ago  ::  Mar 20, 2019 - 5:55PM #943
manny_o
Posts: 1,258

Mar 20, 2019 -- 3:48PM, MajorYankFan wrote:


Duh............


Trump gives America ‘the middle finger’ every day: Historian says we will need ‘a collective shower’ once he leaves


Presidential historian Tim Naftali told CNN on Wednesday that living under President Donald Trump was like waking up to a giant “middle finger” every day — and that by the time his tenure is over, Americans will need a “collective shower.”





Is Natfali  the guy with ears the size of catcher‘s mitts?  



I can’t watch him on CNN cuz his ears are too distracting.  

4 months ago  ::  Mar 22, 2019 - 9:17PM #944
MajorYankFan
Posts: 32,868

Plutocratic socialists, always looking for a government handout.


John McCain Torpedoed Trump's Attempt to Get Federal Aid For Luxury Housing in 1996


In the statement, McCain noted that HUD “is processing an application from a team of developers, headed by the venerable Donald Trump, to obtain Federal Housing Authority mortgage guarantees for their luxury apartment development in Manhattan known as Riverside South.” 

“The HUD program to which Mr. Trump and his associates are applying for assistance is intended to promote development within urban renewal areas,” McCain continued. “To help qualify for the aid, Mr. Trump’s group has pledged to reserve 20 percent of the units for low- and moderate-income residents.” 

“The issuance of the Federal mortgage guarantee and the 20 percent low-income reserve will entitle Mr. Trump and his partners to a vast array of municipal tax benefits, which one group calculates to be in the range of nearly $4.5 million per ‘needy’ individual assisted–not exactly what most Americans would consider cost-effective use of Government assistance,” McCain wrote. 

“I certainly have nothing against luxury apartments nor do I have anything against very successful project developers, including Mr. Trump,” McCain said. “I do object, however, to asking the taxpayer to bear the risk of a development for one of the wealthiest entrepreneurs in the country, to help finance a project that will predominantly benefit upper income Americans.” 

He noted that if Trump’s proposal were approved, “taxpayers will be on the hook for over $350 million,” and that those taxpayers “will take this enormous risk–the largest ever in the history of the program–to help provide housing, in some instances, for people who earn an annual income of over $200,000 per year.” 


www.mediaite.com/online/john-mccain-torp... 

4 months ago  ::  Mar 22, 2019 - 9:18PM #945
MajorYankFan
Posts: 32,868

U.S. Posts Largest-Ever Monthly Budget Deficit in February


Source: Bloomberg 

The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year. 

The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg. 

February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday. The release was delayed a week by the government shutdown earlier this year. 

4 months ago  ::  Mar 22, 2019 - 9:20PM #946
manny_o
Posts: 1,258

Mar 22, 2019 -- 9:18PM, MajorYankFan wrote:


U.S. Posts Largest-Ever Monthly Budget Deficit in February


Source: Bloomberg 

The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year. 

The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg. 

February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday. The release was delayed a week by the government shutdown earlier this year. 





MMT

4 months ago  ::  Mar 23, 2019 - 10:54AM #947
MajorYankFan
Posts: 32,868

Paul Krugman shreds Trump for claiming ‘war on poverty is over’ as more Americans struggle to survive


Well Crooked Donnie has a point: The war on poverty is over;


the war for poverty has begun again under Crooked Donnie.

4 months ago  ::  Mar 23, 2019 - 10:59AM #948
bertram
Posts: 8,706

Mar 23, 2019 -- 10:54AM, MajorYankFan wrote:


Paul Krugman shreds Trump for claiming ‘war on poverty is over’ as more Americans struggle to survive


Well Crooked Donnie has a point: The war on poverty is over;


the war for poverty has begun again under Crooked Donnie.




The GOP gave the wealthy and corporations their reward for supporting them.  Now they wanna cut back on the social safety nets to try to pay for their tax scam and reckless spending.

4 months ago  ::  Mar 23, 2019 - 11:14AM #949
manny_o
Posts: 1,258

Mar 23, 2019 -- 10:59AM, bertram wrote:


Mar 23, 2019 -- 10:54AM, MajorYankFan wrote:


Paul Krugman shreds Trump for claiming ‘war on poverty is over’ as more Americans struggle to survive


Well Crooked Donnie has a point: The war on poverty is over;


the war for poverty has begun again under Crooked Donnie.




The GOP gave the wealthy and corporations their reward for supporting them.  Now they wanna cut back on the social safety nets to try to pay for their tax scam and reckless spending.





Krugman is the Bucky Dent of economists.  



One shining moment amongst a miserable  career of failure.  

4 months ago  ::  Mar 23, 2019 - 11:20AM #950
bertram
Posts: 8,706

Mar 23, 2019 -- 11:14AM, manny_o wrote:


Mar 23, 2019 -- 10:59AM, bertram wrote:


Mar 23, 2019 -- 10:54AM, MajorYankFan wrote:


Paul Krugman shreds Trump for claiming ‘war on poverty is over’ as more Americans struggle to survive


Well Crooked Donnie has a point: The war on poverty is over;


the war for poverty has begun again under Crooked Donnie.




The GOP gave the wealthy and corporations their reward for supporting them.  Now they wanna cut back on the social safety nets to try to pay for their tax scam and reckless spending.





Krugman is the Bucky Dent of economists.  



One shining moment amongst a miserable  career of failure.  




Tough call, but I'm gonna go with a Nobel laureate over a bunch of cynical clowns who have pushed the worst failure in American economic history...the trickle-down scam that only floated the yachts of the wealthy and left the rest of us in leaky rowboats.

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