Cat got your tongue? Hey I heard Canada is one of the most small business unfriendly countries in all of the 1st world btw. I meant to put that out earlier. You'd do well to become our 51st state if that is in fact true.
Most of Obamas debt was not new debt like Trumps and Bushes.The deficit was 1.4 trillion the day he took office thus 1.4 trillion was being adding to the debt yearly before he did anything and The CBO showed trillions would be added to the debt paying for Bushes tax cuts,Bushs wars and Bushs medicare drug expansion even if Obama had not done a single thing. Obama had around 2 trillion in new debt in 8 years.Trump had 8.4 trillion in new debt in 4 years. When Obama took office the deficit was 1.4 trillion a year,when he left it was 665 billion. When Trump took office the deficit was 665 billion a year,when he left it was 2.7 trillion.
Hollow bill, everything we needed was stripped out. Uni-Party wins again, hey Elon get mad and do something about it.
The US govt debt has to be paid down one way or another. If the richest people don't do so, in fact reducing their payments now, guess who will pay it ? Now I guess you can keep passing on your responsibilities to future generations until you can't. Good luck with that the system probably breaks down within 3-5 years and then the taxes go up ( or benefits get stolen from which is already starting to happen in this bill ). One expert I was watching called it fraud reducing taxes while increasing spending. And remember, for all your bs talk about Canada, our federal debt to GDP is far lower then yours ( in fact, a total reversal from the 1980s ). We have far more slack in our budget to deal with the trade war. Many Americans are screwed if this trade war lasts very long how will your govt help them out when they blew the budget already ? But I'm sure you are ok subsidizing the richest earners in your country. Trump probably does well now selling his business scams and general bribery revenues.
Small business tax rate here is 11.5%. I ran several small businesses it's not a bad deal here and you can pay yourself dividends or income whatever keeps your income taxes in a lower bracket. We would never want to be part of the US you guys are a mess. High crime rates, huge holes in your medical system, etc etc. Sure you can make more money in the US but you have to. One bad medical event or one bad bullet can be a problem. And with this trade war, millions are now in precarious employment and there aren't many worse places to be then the US with no job. Look at the numbers of bankruptcies and foreclosures in your country ( 2008/2009 hit Americans far harder then Canadians for a reason ).
what tax hike? Was trump going to raise taxes? I thought republicans hated deficits. The military spent millions for a flyover to commemorate this bill. #fiscalresponsibility
barack Obama spent trillions to buy mbs for pennies in the dollar that paid off bigly while cleaning up a republican presidents economic mess. Purely masterful.
Too bad Obama didn't spend any time/money prosecuting the crooks in the Banking industry. Obama Legacy == "Too Big To Prosecute"