The REASON we have a DEBT CRISIS is That Trump's Tax Cut for the Rich Law Has FAILED to Collect as much Money as the Government Spends. Promises Made, Promises Broken.

WAKE UP! EMBROIDERED BASEBALL CAP
by gregvan

HEADLINE: Mnuchin warns US could hit debt ceiling in early September.


Treasury Secretary Steven Mnuchin is warning that the United States could run out of money in early September unless Congress votes to raise the debt ceiling before leaving for the August recess. 

https://thehill.com/blogs/floor-action/house/452810-mnuchin-warns-debt-ceiling-could-be-hit-in-early-september

HEADLINE: Mnuchin, Pelosi Keep Communications Going on Debt Ceiling Deal.

President Donald Trump on Friday said he thinks negotiations to lift U.S. borrowing authority were in “good shape,” despite Pelosi having rejected a White House demand for $150 billion in spending cuts.

https://www.bloomberg.com/news/articles/2019-07-19/white-house-sends-pelosi-spending-cut-options-for-debt-deal

Trump's So Called "Booming" Economy is a Disaster - Headline: At least 2,500 truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds...

Headline: Here's the full list of bankrupt trucking companies. https://www.insider.com/trucking-companies-bankrupt-list-truckers-react-to-industry-bloodbath-2019-7

Headline: Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year.
https://www.cnbc.com/2019/07/13/retail-store-closures-in-2019-freds-charming-charlie-and-more.html

Headline: Stearns Lending declares Chapter 11 bankruptcy. https://www.housingwire.com/articles/49511-stearns-lending-declares-chapter-11-bankruptcy

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Another Weirdo TrumpNik - Headline: George Nader, Witness in Mueller Probe, Hit With New Charges of Sex Trafficking. The key cooperator is accused of preying on a 14-year-old boy from Europe he allegedly flew to the U.S. https://www.thedailybeast.com/george-nader-witness-in-mueller-probe-hit-with-new-charges-of-sex-trafficking

Are we on the Road to Ruin?
Global Economic Collapse?
Mass Starvation?
Biblical End Times?
Is This A Sign?

Bubble UP! Economics
It Just Makes Sense
Raise the Minimum Wage to $15/Hour

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TRADE WAR WITH INDIA. Since Trump's Last Trade War Was Such a Failure, He Says: "Let's Do It Again!"

"Trump Shows a complete lack of understanding of Business... He's a Doofus!" says an Anonymous Wall Street Investor...

India imposing increased, retaliatory tariffs on US exports including apples, almonds... https://www.usatoday.com/story/money/2019/06/16/trade-war-india-hits-u-s-more-tariffs/1471140001/

Trump's Tax Cut for the Rich Law FAILS to collect enough money to fund the government... We have to borrow money to make ends meet... HIGHEST DEFICIT IN HISTORY!

Mnuchin Warns of ‘Late Summer’ Default If No Debt-Limit Increase.
https://www.bloomberg.com/news/articles/2019-05-22/mnuchin-warns-of-late-summer-default-if-no-debt-limit-increase

Sadly, Joe Biden has been WRONG on Almost Every Issue throughout his Entire Life... He Wrote the 1994 "Crime Bill" that ended up with Mass incarceration of Black Men for Crack Cocaine and Marijuana... Voted IN FAVOR of the Disastrous War in Iraq... Said Roe v Wade went Too Far... Voted to Repeal Glass Steagall Law - Causing the Financial Meltdown of 2008... Opposed Bankruptcy Protection for Student Loan Debtors... Anita Hill... and STILL Opposes Legalization of Marijuana...

https://harpers.org/archive/2019/03/joe-biden-record/

Headline: No Joe! Joe Biden’s disastrous legislative legacy

By Andrew Cockburn

By the 1980s, Biden had begun to see political gold in the harsh antidrug legislation that had been pioneered by drug warriors such as Nelson Rockefeller and Richard Nixon, and would ultimately lead to the age of mass incarceration for black Americans. One of his Senate staffers at the time recalls him remarking, “Whenever people hear the words ‘drugs’ and ‘crime,’ I want them to think ‘Joe Biden.’” 

Biden later took pride in reminding audiences that “through the leadership of Senator Thurmond, and myself, and others,” Congress had passed a law mandating a five-year sentence, with no parole, for anyone caught with a piece of crack cocaine “no bigger than [a] quarter.” That is, they created the infamous disparity in penalties between those caught with powder cocaine (white people) and those carrying crack (black people). 

Biden’s legislative legacy includes an inconsistent (to put it mildly) record on abortion rights. Roe v. Wade “went too far,” he told an interviewer in 1974. “I don’t think that a woman has the sole right to say what should happen to her body.” For some years his votes were consistent with that view. He supported the notorious Hyde Amendment prohibiting any and all federal funding for abortions.

Biden was long a willing foot soldier in the campaign to emasculate laws allowing debtors relief from loans they cannot repay. As far back as 1978, he helped negotiate a deal rolling back bankruptcy protections for graduates with federal student loans, and in 1984 worked to do the same for borrowers with loans for vocational schools.

Biden was among the ninety senators on one of the fatal (to the rest of us) legislative gifts presented to Wall Street back in the Clinton era: the Gramm–Leach–Bliley Act of 1999. The act repealed the hallowed Depression-era Glass–Steagall legislation that severed investment banking from commercial banking, thereby permitting the combined operations to gamble with depositors’ money, and ultimately ushering in the 2008 crash. “The worst vote I ever cast in my entire time in the United States Senate,” admitted Biden in December 2016, as he prepared to leave office. Seventeen years too late, he explained that the act had “allowed banks with deposits to take on risky investments, putting the whole system at risk.”

Federal Deficit Jumps 17 Percent As Tax Cuts Eat Into Government Revenue. Global Economic Collapse Predicted by Oracle at Delphi, SoothSayers, Clairvoyants.

https://www.npr.org/2018/10/16/657790901/federal-deficit-jumps-17-percent-as-tax-cuts-eat-into-government-revenue

The federal deficit ballooned to $779 billion in the just-ended fiscal year — a remarkable tide of red ink for a country not mired in recession or war.

The government is expected to borrow more than a trillion dollars in the coming year, in part to make up for tax receipts that have been slashed by GOP tax cuts.

Corporate tax collections fell by 31 percent in the fiscal year ending Sept. 30, despite robust corporate profits. That's hardly surprising after lawmakers cut the corporate tax rate from 35 percent to 21.

Income taxes withheld from individuals grew by 1 percent. Overall tax receipts were flat. As a share of the economy, tax receipts shrank to 16.5 percent of GDP, from 17.2 percent the previous year.

"The president is very much aware of the realities presented by our national debt," said White House budget director Mick Mulvaney.

Echelon Keyword Data: income tax, debt, national, bankrupt, USA, Gong Show, Quack Quack, Bubbles, Boom, Bust, Stock Market, Meltdown, Global, Economic, Collapse

The Needs of The Many Outweigh The Needs of The Few or The Stockholders. 
The main quest of the corporate world is: "How can we increase profits for stockholders?"

Decisions in boardrooms often sacrifice the health of the majority of people, animals and plants in order to create additional wealth for the owners of corporations. For Example: Offshore oil drilling will increase profits for oil companies but cause oil spills that harm the environment. The owners of oil companies often live in Conneticut or downtown Manhattan NYC and it makes no difference at all to them if the beaches in Los Angeles have black goo on them. The laws about automobile air pollution protect the lungs of people that breathe air but corporate greed freaks often live in air-conditioned offices and homes that have filtered air that removes the pollution... They believe that the solution to global warming is to turn up the air conditioner so that their offices always remain at 72 degrees... If it's 110 degrees in Harlem or Queens it's simply not important to people that make decisions on Wall Street. 

However, Hurricane Sandy disrupted the lives of rich and poor. When the streets flooded, Limo-Man couldn't ride in his Limo. We see that already there are civil engineering plans for building dikes around lower and mid-town Manhattan to prevent rising sea levels from flooding. Good luck with THAT, masters of the universe... New Orleans has dikes too... but sometimes they fail... like during Hurricane Katrina. Maybe a better plan would be to stop burning gasoline in cars and build more solar and wind power plants to charge electric cars... 

How much wealth is enough? Can there be a balance between corporate profit and quality of life for the people? What is the point of getting another Billion Dollars once you already have One Billion? Where is the MOTIVATION?
What IF we could teach corporate greed freaks to behave differently? It's A Question of Balance...

Trump's Tariffs Cause Damage to American Factory Workers, Farmers... Reducing sales of American Made and American Grown Products. Spiking National Debt...

Trump's Tariffs hurt "Red State" workers and Farmers especially hard. Dairy, Soybeans, Corn, Almonds, Cranberries... Sales are down...  Europe, Canada, China and Mexico are buying from someone else... not the USA... Causing the National Debt to go up dramatically...

Trump-A-GO-Go Economics Disaster

General Motors warns Trump's tariffs may lead to "a smaller GM" and fewer jobs

https://www.cbsnews.com/news/general-motors-warns-trumps-tariffs-may-lead-to-a-smaller-gm-and-fewer-jobs/ 

Don't Talk with Your Mouth Full Trump

Sadly, The Solution for Global Warming may be Global Economic Collapse...

Since we have a Government Economic Plan that adds a trillion dollars to the National Debt every year... We may come to a time when we can't find lenders willing to buy Treasury Notes. Bankruptcy of the USA would cause a Global Economic Collapse and the only people that would survive are those who work as subsistence farmers. Imagine a barter economy where money is worth nothing... No buying gas for trucks to haul groceries to the store... Starvation of Billions of people...

However, we won't be driving cars and that will be good for air pollution. We won't be burning coal for power plants... or natural gas either... ONE Billion surviving Humans heating their homes with wood is sustainable. Candles for light at night...

A computer virus could bring down our civilization. Imagine a world where the internet does not exist. Gas stations couldn't take payment using debit cards. Grocery stores wouldn't automatically order replacement food. Banks couldn't keep track of their money... except for local banking... We had banking before computers but our current system would go thru a radical change...

However, ONE billion people surviving is enough. The real trouble would be if leaders panic and launch nuclear missiles. THAT would wipe out all life except for single celled organisms that can tolerate extreme cold. They would go into hibernation until the Nuclear Winter was over...  

Forgive all student debt - why not finance college with federal money, simply cut spending for the military

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