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Dismantling Our Greed Economy's avatar

This week, Republicans gave up their Free Market ideology by mostly supporting Trump's tariffs. Also this week, after decades of saying that tax cuts pay for themselves and that our national debt is the root of all economic evil, Republicans proposed to change the budget baseline to current law but ignore the sunset provision for Trump's tax cuts to try and make extending Trump's tax cuts forever budget neutral. That's some massive reality denial. If they can't get that past the parliamentarian or vote to overrule the parliamentarian's decision, I expect they will go full Ryan and just instruct the CBO to say that their budget balances in the long run.

Republicans also went full anti-family values in the House by going home instead of facing a vote on a discharge petition that would allow House Members to vote remotely if they recently had a baby.

So Republicans gave up on Free Trade, Free Markets, caring about deficits, claiming that tax cuts pay for themselves, and family values,(for a week or so for family values), this week. Yup, it has been quite a week!

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David John Urban's avatar

I looked up on ChatGPT that indicated US trade services surplus of 314 $B with profit margins of 20 to 40% and a US trade goods deficit of 1060 $B with profit margin of 5-10%.

Using 5% profit margin for goods and 40% profit margins for services, other countries are getting $53 billion in profits with their goods exports to us and we are getting $125 billion in profits with our services exports .

Trump's delusions are truly dangerous.

We are firing PHD scientists who are literally saving the world and at the same time wishing for Americans to replace $3/hour auto assemblers.

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