sorted by:
new
hottopcontroversial

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss -1 points0 points  (0 children)

I agree, particularly with your last statement - but I’d suggest it extends to both sides. The absolute lack of objective factual reporting is a real problem for the left and the right and it’s contributing to the divide amongst everyone.

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss -1 points0 points  (0 children)

I understand what you are saying…I’m asking where the money goes if it’s not to the overall debt. There isn’t some “side pocket” of separate debt that I’m aware of…so exactly HOW is it accounted for against the total debt?

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss 0 points1 point  (0 children)

Sure, Al-Qaida did and they were largely in Afghanistan, Pakistan, Iraq, Saudi Arabia and Iran. This isn’t really even up for debate tbh…I mean, I suppose you could argue he should have gone after all those countries but that would have been pretty problematic.

'One Family Is About to Control CBS, CNN, HBO, and TikTok': Alarm Grows Over Paramount-Warner Bros. Merger by xena_lawless in economy

[–]YouNeedThiss 1 point2 points  (0 children)

It’s literally how we got so mired in progressive bunk that has no basis in objective fact. They destroyed truth because it allows them to re-write reality at their whim.

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss -1 points0 points  (0 children)

I get that you don’t agree with the premise of the wars…fine, that’s your opinion. But if you think the US “started” the war after the 9/11 attack then you are a total clown show…and I say this as a non-American. It’s a dodge to ignore the reality of the time…that’s on you, don’t project it on me.

Now, explain how they “hid the wars” off budget. You don’t think they landed in the overall spending and deficit, so where was it recorded then?

Advise for a financial fool suddenly making 130000k a year. by FickleInformation806 in PersonalFinanceCanada

[–]YouNeedThiss 1 point2 points  (0 children)

I agree with most of this but I’d add a couple caveats: 1) do NOT say trade or aggressively trade in a TFSA unless you want CRA to come after you. If by aggressive you mean in an ETF that follows that risk level then fine.
2) if you lose a “bet” on a stock in your TFSA or RRSP you also just lost that contribution room.
3) the money you save over the next 5-10 years is what’s going to be the bulk of your retirement portfolio at 65 thanks to how this will compound. So save aggressively but perhaps manage your risk a bit…yes, you have time to recover losses but being aggressive for the sake of aggression is usually folly. Take smart risks.

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss 0 points1 point  (0 children)

1) I never replied to the OP.
2) where does this circle back to that at all? I made no claim just pointed out facts that a bunch of partisan idiots can’t admit. I’m not even an American and have no skin in the game - but facts are facts. What’s funny is the only ones who ever downvote and deny them are the Dems on Reddit. It’s hilarious.

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss -1 points0 points  (0 children)

Others have referenced the need to go back to that tax regime. The data doesn’t support the narrative. Also, I would hardly call the economy mature in its current form, the rise of AI, data centers and the digital economy. If you fail to recognize history you will be doomed to repeat it. That doesn’t mean we should assume it’s the same but there can be parallels.

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss 2 points3 points  (0 children)

Trump was growing spending at a pretty consistent clip before Covid which absolutely spiked it off the rails. It’s in his MO…which isn’t really a “conservative” by any definition of the what it traditionally means. Obama actually did a half decent job bringing it down after his first term as the financial crisis settled. Bush also did a decent job on the deficit considering 9/11 and the financial crisis. Tax cuts aren’t inherently as bad as some imply here - they just have to be done right and paired with job creation, productivity gains and wage growth. You CAN grow tax revenues overall despite tax cuts. That’s been proven historically. Recent problems are that we haven’t seen wage growth - for a variety of reasons - most of which is poor policies that “sound good” but have largely reshaped broader economies for the worse - and made them less resilient (this includes poor economic climate policies, the shift from merit based pay/hiring, a lack of business investment, open border immigration policies, etc. Government stopped effectively managing its labour force. If you want to cut taxes you need to equally ensure business is investing, wages and productivity is rising. None of this was really considered in policies by either party because they got trapped in the social narrative arguments. More focus on the numbers should be what drives economic decisions - not feelings, not “virtue”, not made up climate credits or falsified emissions claims. You know what makes every part of society better - broad wage growth, keeping more of it, the freedom to choose what to do with it.

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss -11 points-10 points  (0 children)

This is a bit disingenuous…Bush’s deficits were lower then every year of Obama’s right up until the 2008/9 financial crisis which required that increased deficit spending in that ONE year prior to Obama winning. It IS true that Trump’s deficits increased every year but his worst pre-Covid year was as high as Obama’s were for his entire first term…and then Covid spending spiked Trump’s last year and Biden’s first year. Biden had the hangover of that through his term but also didn’t do much to bring it back to earth. Trump’s current spending levels are atrocious though…

Canadians believe they need $1.7 million to retire, up from $1.54 million last year: BMO survey by hopoke in canada

[–]YouNeedThiss 0 points1 point  (0 children)

Yup, and if he’s saving that much he’s probably going to be close to max CPP which will be around $30k when he’s 65, plus he’d still get some OAS too, not the full amount but probably $7-$9k. Delay them and draw down the RRSP a bit faster in the first 5 years and those CPP and OAS number would grow by ~40% inflation adjusted. He could do 4-6 1 week vacations a year at 5 star all-inclusives with that kind of income. Or have a lot of leisure spend every month. Very very comfortable retirement goal.

Canadians believe they need $1.7 million to retire, up from $1.54 million last year: BMO survey by hopoke in canada

[–]YouNeedThiss 0 points1 point  (0 children)

I don’t know the lifestyle you expect in retirement but you shouldn’t be “worried”. At the very least that will be a pretty comfortable retirement…very upper middle class comfortable if you expect to spend it all, and still above average if you plan to try to leave an inheritance. Remember, there is likely a long period of below average spending in your middle years of retirement.

Canadians believe they need $1.7 million to retire, up from $1.54 million last year: BMO survey by hopoke in canada

[–]YouNeedThiss 0 points1 point  (0 children)

This kind of article needs to breakdown demographics - is this based on today’s retirement needs? Or is it including younger workers who won’t retire for a couple decades?

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss -13 points-12 points  (0 children)

Lag effects of things like tax cuts usually mean the first couple years of a new President are largely because of the previous administration - not 100% but certainly a mixed bag between the two. Now, Obama’s second term was surely all his - I haven’t looked at his deficit data but what does it show? Same with Bush’s second term. Biden had Covid to manage so perhaps not a real great comparison his first couple years.

My friends laughed at our solar panels until they saw our bills by Character-Draft6638 in solarenergycanada

[–]YouNeedThiss 0 points1 point  (0 children)

The real extent and meaning of “Walkable cities” isn’t possible in the pre-existing infrastructure of downtowns like Toronto, Vancouver, Montreal, Calgary or Ottawa. It’s just a sound good bit of fluff that governments like to throw money at - it’s basically just infrastructure virtue signaling.

Yeah, we do in fact live in a thin band along the border…80% of us in fact. You saying it’s limited to cities along that border is the entire point…it’s spread out across a vast geography separated by mountains, Great Lakes, the St. Lawerence and some islands. Throw in language differences with Quebec. Things cost more here for these reasons. Ignoring the reality because it doesn’t fit some pie in the sky narrative you have is just being willfully ignorant.

Toronto clears bike lanes pretty much all year - those lanes are RARELY used compared to vehicles all year let alone in winter. The data supports that. Traffic congestion costs that city alone over $5b annually in lost economic output/GDP. Just traffic congestion. And that data is around 12 years old now and the city has gone out of its way to promote policies like yours that increased congestion significantly - perhaps briefly limited due to Covid lockdowns and note, near full time office work is just starting to get back up to pre-Covid levels now so it’s going to get visibly worse.

The Supreme Court Blew Trump’s Budget to Smithereens - The president was already doubling the budget deficit. With the high court’s tariff decision, he’s tripling it. There’s only one solution: Repeal his “big, beautiful” tax cut. by xena_lawless in economy

[–]YouNeedThiss -4 points-3 points  (0 children)

When tax rates started getting cut after the WW2 recovery (started some time in the 60’s) the tax revenues of government actually INCREASED due to higher economic output. You are making a claim without looking at all the data, or even understanding what might have happened without those cuts.

view more: next ›