President Trump

NEW -> Contingent Buyer Assistance Program
Weakness begets pain…fear is what they respect…”fear will keep the local systems in line…fear of this battle station!”👍🏽😂😂😂🇺🇸

Treasury Secretary Scott Bessent just revealed that the Chinese said during their closed-door talks that they IGNORED their trade commitments under Biden because they knew he was weak.

"The Chinese delegation basically told us that once President Biden came into office, they just ignored their obligations."

"We had an excellent trade agreement with China and the Biden administration chose not to enforce it."

 
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morekaos said:
again, not for the reasons you think. In the end, they won’t be a real factor anyway, they become an emotional excuse, short term in their effect, This is what we do…see through all the noise.🤷🏽‍♂️😂😂😂👍🏽🇺🇸
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Who cares?….like I told you, short term in their use as countries cave. Face it…they are having the desired effect and it’s NOT showing up in the inflation numbers…trust me, the drop in energy prices will cut inflation off at the knees… give credit where credit is due.
 
Just telling you how it is…no need to spin. If my answers frighten you Vincent then you should cease asking scary questions…😂😂😂👍🏽🇺🇸

 
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The problem here is the value of your opinion is limited because you are politically biased.

If these same tariffs were being bounced around by Democrats you would have created a dedicated thread to how this is ruining the economy.

This is causing so much uncertainty and price fluctuation that Trump's polling is down and that's across all sides of the political spectrum.

No one else but you and Trump think that it's not having negative effects... and to think otherwise is ignorance.

And again, I agree with what he's "trying" to do, but it has to be planned, stable and properly targeted. Penguins don't care about tariffs. :)
 
“Ask people about their 401k’s”. What happened to that angle of attack?..or “When will he get the price of eggs down?” Or “Tarrifs will spike inflation!” Or “You can’t waive a magic wand and get prices of gas down.” Or “China will just wait us out and never negotiate!”…Every one of those panic cry’s has turned out to be wrong….It’s working and you just can’t admit it because of your bias!…🤦🏽‍♂️😂😂😂👍🏽🇺🇸

 
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The 401(k) question was neatly addressed by Hugh Hewitt.

Step 1 - Allow all 401(k) holders to convert - at a fixed one time penalty free tax rate - their plan to a Roth.

Step 2 - Adjust Roth plans to allow for unlimited contribution limits and tax free withdrawals.

Step 3 - The "One Time" tax collection into the US Treasury would go into U.S. debt reduction.

It's an interesting concept being floated to The Coppertone Caligula by several of his aides.

Would you convert your 401(k) to a super sized Roth now so as to avoid future tax hits at unknown rate levels? Hard to say.....
 
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sgip said:
The 401(k) question was neatly addressed by Hugh Hewitt.

Step 1 - Allow all 401(k) holders to convert - at a fixed one time penalty free tax rate - their plan to a Roth.

Step 2 - Adjust Roth plans to allow for unlimited contribution limits and tax free withdrawals.

Step 3 - The "One Time" tax collection into the US Treasury would go into U.S. debt reduction.

It's an interesting concept being floated to The Coppertone Caligula by several of his Aids.

Would you convert your 401(k) to a super sized Roth now so as to avoid future tax hits at unknown rate levels? Hard to say.....
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Do you think it's reasonable to think Congress may change the rules on Roth accounts to make them taxable in some way? Suppose some time in the future they say "plebians, the US is in really bad financial shape, so if you're a big bad rich guy with a roth account over $X million in value, this new legislation will make the distributions subject to income tax. We're going to use this money to shore up entitlements for hard working Americans."

There's also some value to a traditional account in that some of the withdrawal may not actually be subject to tax or at a very low rate. For simplicity, imagine a married couple aged over 59.5 living in a zero income tax state whose only source of income is traditional retirement account withdrawals. They also take the standard deduction. Using 2024 tax amounts of $29,200 standard deduction and zero 10% federal income tax on the first $23,200 of taxable income means they could take out $52,400 $29,200 in a year from a traditional retirement account with zero federal income tax and just 10% on the next $23,200. The would have the cake of a tax deduction at time of contribution and they could eat some of it too with tax free/low tax withdraws.
 
irvinehomeowner said:
This is causing so much uncertainty and price fluctuation that Trump's polling is down and that's across all sides of the political spectrum.
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You still have faith in all those lame mainstream polls that were so wrong about the election? The only two that were even remotely close were Rasmussen and Trafalgar And both those polls have Trump in positive numbers….the more likely position…😂😂👍🏽🇺🇸

IMG_5748.jpeg
 
True @someguy, the likelihood of Congress changing both plans is slim, without an R Supermajority. This is a thought exercise at best. The target however isn't 59.5 year olds, but 30-49 year olds who may have significant 401k's that will be taxed at some point, more likely than not, with great loss in value. If the "hit" was taken today at a lower rate than current 60 year olds pay, it might be worth it to take the lower pain now rather than later. Such a transfer would juice the U.S. Treasury, allowing for some measure of debt reduction.

The U.S. Government has a spending priority problem. That's what we can all agree on. How to raise funds without inflicting a higher tax rate on all? That's hard to find a proper way forward. It's like those who want a "Billionaires Tax Rate" - it sounds like a workable option, until all the capital speeds off to Dubai or Switzerland as wealth does in the example of New Yorkers and those from the Windy City who have flocked to Florida and Texas when high taxation became unbearable. I know it would also be a one time "sugar high" to the US Debt Balance. Genuine cutting of spending has to be done.

To that, there was an interesting "chat" about spending vs cuts between RFK Jr. and Congressional Poo Flinging Monkeys yesterday. They charged there was going to be "CUTS TO HEALTHCARE!!!!", when in reality, the HHS workforce grew by 70% from 2019 to 2024. The "cuts" are in reducing the HHS back to 2019 levels. Say what you will about RFK Jr, but this was a great overview of what's really going on with Trumps mandates to reform the US Government. I hope it succeeds.

Source (you don't need a subscription, just click through to the article)

www.vigilantfox.com

RFK Jr. Stuns Critics in His First Major Hearing as HHS Secretary

A dentist congressman came out swinging on fluoride. By the time Kennedy finished, he realized he picked the wrong fight.
www.vigilantfox.com www.vigilantfox.com
 
morekaos said:
“Ask people about their 401k’s”. What happened to that angle of attack?..or “When will he get the price of eggs down?” Or “Tarrifs will spike inflation!” Or “You can’t waive a magic wand and get prices of gas down.” Or “China will just wait us out and never negotiate!”…Every one of those panic cry’s has turned out to be wrong….It’s working and you just can’t admit it because of your bias!…🤦🏽‍♂️😂😂😂👍🏽🇺🇸

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I can reply in kind with the same opposite hyperbole like I have demonstrated on you in the past but it's not worth it. You just dance and obfuscate.
 
Too much government spending piled on by the Brandon administration. But regardless Moodys is too late to the game, We lost the AAA rating with all the other agencies years ago… under Obama..it’s pretty much a non event.🤷🏽‍♂️😂😂😂
 
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