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Lies, lies & more lies. Cuts, cuts & more cuts. February 17, 2018

Posted by hslu in Congress, 特朗普, 美國, Election, Health Insurance, Taxes, Trump, US Government, 川普.
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The big cuts are coming!The big cuts are coming! And Trump and the Congress don’t give it a damn of what you think or feel. Campaign promises? They are meant to be broken after the election.

Source: Flipboard

Americans are the most gullible ones when it comes to their politicians.

They hate the Congress but keep sending the same representatives and senators back to DC. They filled the White House with liars after liars because they believe all the lies presidential candidates told them on the campaign trail, just to break all of them once in the office.

When Trump was asking your votes, he promised to“save Medicare, Medicaid and Social Security without cuts.”

Trump’s 2018 budget calls for cuts on all three programs and the congressional GOP also tried to cut $1 trillion from Medicare and about half a trillion from Medicaid. Here are the proposed cuts from Trump’s “An American Budget: Major Savings and Reforms”:

  1. Cutting Medicare by $266 billion.
  2. Cutting Medicaid by $1.1 trillion.
  3. Cutting Social Security by $72 billion.

So, all sinile and age challenged Americans, brace yourself for what is coming to you. Hospitals will get reduced payments from the Medicare too. Medicaid will see the biggest cut totaling $1.1 trillion over 10 years.

Additionally, Supplemental Security Income programs and Social Security Disability Insurance programs will see $72 billion cuts too.

You see, there is no place for you to hide no matter where you are in the system. Your medical benefits will be cut. Your doctor’s visits will be


Structural Shift February 10, 2018

Posted by hslu in Congress, 特朗普, 石油, 美國, Debt and deficit, Economics, Election, Energy, Stocks, Taxes, Trump, U.S. dollar, 川普.
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What structural shift are we talking about?

The “structural” part of the shift is the fundamental change of the economy bought to you by none other than Trump and the Republicans. While we are at it, let’s add the inept Democrats to that bunch too because they are equally guilty for acting like a whole bunch of chickens without heads.

In a growing U.S. economy and the synchronized recovery of the world economies, as well as almost full employment of around 4% in the U.S., Trump and the Republicans passed “the biggest tax reforms in American history according to Trump ” without finding a way to pay for the massive tax cut for the riches. It simply is insane because of significant damages it will eventually bring to the masses.

Why did they do it?

Because the mid-term election is coming in 11 months. They congressional Republicans are fearful of losing their congressional seats and the majority of both houses.

The structural change is what the financial market is reacting to this week when the Dow took a fast elevator down to the basement of the correction territory: the dreaded inflation is just around the corner as indicated by the chart below.

Source: Federal Reserve

The tax cut at full employment doesn’t make economic sense because it clearly is inflationary. The bond market knows it because a massive amount of federal government borrowing in the amount of additional $500 billion a year will hit the Bond market soon.

The stock market is equally uncomfortable with the higher rate environment and crumbles under the weight of extended valuation.

The structural shift is important for the financial market at this juncture because a re-pricing of all financial instruments will take place in the months and quarters ahead.

Treasury and corporate bonds will drop. Stock market will correct to bring its valuation to a reasonable level. High yield bonds will tank. Housing prices will drop as mortgage loans demands wane. Commodity prices will decrease as US dollar strengthens. Interest payments on US national debt will rise as deficit grows to ~$1 trillion annually, or about 5% of the US GDP.

In short, the structural shift will shrink personal wealth as inflation bites.

Republican Party: shame on you January 1, 2018

Posted by hslu in Congress, 美國, Debt and deficit, Politics, Taxes, Trump, 川普.
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When Republicans in the Congress gave the top 1%, Trump, Trump’s rich friends and corporate interests one of the largest tax cuts in the history at the expenses of the common people, they said nothing about the $1.5 trillion debt they have created in the process.

Now, with 2018 comes along, Republicans all the sudden flip sides and become fisical conservatives when it comes to the 2018 federal budgets.

What a bunch of hyprocrites!

Didn’t some general said that WWIII is coming a few weeks ago?

Hmmm, that means more money for the military to buy more guns, fighter jets, missiles and aircraft carriers.

And The Wall. The beautiful $40 billion Wall.

From this

To this:

Well, time to cut social security benefits, Medicare, Medicaid, food stamps and education. Again.

Well, politicians are nothings but jokes no matter they come in red or blue. They are all liars.

Americans (voters) are so gullible and stupid that they keep sending these same red and blue flip-floppers back to Washington D.C. year after year while giving their kids and grandkids a bigger and bigger debt year after year.


公說公有理,婆說婆有理 December 3, 2017

Posted by hslu in Congress, 美國, Economics, Election, Taxes, Trump, US Government.
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This is the oroblem with economics: no one has any clue as to what’s going to happen in ten years with the new tax reform bill.

Democrats say: $500 billion, $1 trillion or $1.5 trillion deficit added to the national debt in 10 years with the rob-the-poor-and-soak-the-rich tax plan.

Republicans say: revenue neutral, beyond revenue neutral or 3+% annual GDP growth from the historical and boldest re-write of the tax code ever.

The schmos: Is there anything we can do?

Trump: Four more years! Four more years!

National Debt:

@ 2017/12/03, 20:10:28

Terrain Denial Sorties November 29, 2017

Posted by hslu in 美國, Economics, Islam, Middle East, Military, Muslim, Taxes, U.S. Foreign Policy, US Government.
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Have you heard of this? 

Probably not. Read on to find out more.

B-52s Are Dropping Hundreds of Dumb Bombs in Afghanistan to Literally Shape the Terrain


This is what U.S. is doing in Afghanistan. Basically it is a very expensive remote landscaping operation w/o using any Latinos. No wonder Trump and Republicans want more money for defense. 

Latinos can be picked up at Home Depot parking lot to do odd jobs for you at $120/day. These 500-lb bombs cost $25,00+ a piece.

Source: Quora

Here are the numbers for FY2018 defense budget:

1.   The base budget for DoD is $574.5 billion. 

2.   The Overseas Contingency Operations budget, a fancy name for fighting the ISIS, is $64.6 billion.

3.   Other agencies related to the protection of the nation is $173 billion: VA, the State Dept., Homeland security, FBI and the National Nuclear Security Administration, etc.

4.   $12 billion in OCO funds for the Homeland Security to fight ISIS.

Total for defense related budget: $824.6 billion. It is the second largest spending item after Social Security which costs tax payers ~$1 trillion.

Trump and Mohammed bin Salman November 19, 2017

Posted by hslu in 石油, 美國, Energy, Global Affair, Islam, Middle East, Muslim, Obama, Taiwan, Taxes, Trump, U.S. Foreign Policy, 川普.
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Trump has unleashed the Saudi Arabia we always wanted — and feared


Trump’s first foreign trip after his inauguration was to Saudi Arabia. 


What did his advisors tell him? 

What would he gain by talking to Mohammed bin Salman other than undo what Obama did to the Middle East before him?

Did he really think that he can make his mark in history with peace agreements between the enemies in the Middle East?

Did he try to lend legitimacy to a young and untested Saudi prince who requested the meeting in the first place?

Did Trump believe that Saudi Arabia might be on the cusp of forming an alliance with Russia to dominate the world oil market?

Did Trump want to tell the prince in person that America will no longer insert itself in any future Middle East conflict because Saudi is a big boy who should handle itself like a grown man instead of hiding behind the U.S.?

Did Trump just want to be bold,  unpredictable and keep people guessing?

Or mabe Trump want to check out Saudi’s golden toilet?

名嘴和美國政治 October 15, 2017

Posted by hslu in Congress, 美國, Democracy, Election, Globlization, Islam, Liberal Media, Middle East, Muslim, Politics, Racial Bias, Russia, Taxes, Trump, U.S. Foreign Policy, US Government, 川普.
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Steve Bannon (班農) 就是一個典型的例子。



其實,他威脅現任參議院首領 McMconnell,和即將退休的參議員 Corker 的真正目的,是恐嚇其他共和黨參議員,要他們三緘其口,不可以公開批評或反對川普,要這些人爲共和黨和川普推行的稅改政策投下贊成的一票。

現在,共和黨的52個參議員中只有三,四個參議員敢對川普和共和黨的稅改提案有任何異議。他們也極有可能會投反對票。除了 Corker 和生癌症的 McCain  以外,川普還需要擔心緬因州的 Collins 和阿拉斯加的 Murkowski 參議員很可能會反對共和黨和稅改政策。

川普知道這個道理。班農當然也知道這個道理。所以,班農的責任就是儘量打擊 McConnell 和 Corker,殺一儆百,告訴其他的共和黨參議員,你們最好乖乖的通過共和黨提出來的稅改政策,不然下一個目標就是反對稅改政策的共和黨參議員了。

共和黨在美國的眾議院有壓倒的多數,許多眾議員也不敢公開反對川普,因為川普的鐵票可能高達 30%,甚至 35% 的選民。如果眾議員公開反對川普,那他們競選得連任的機會就不大了。

這是美國民主政治黑暗的一面。許多中國人,尤其是年輕的中國人,包括臺灣的年輕人在內,以為美國的民主政治是世界上至高無上,最純潔,最公平的治國標準。沒人一票多麼神聖阿! 他們那裏知道美國的民主政治實際上早就被有錢人和有特殊要求的團體綁架了。

Medicare is under the knife. Again! October 5, 2017

Posted by hslu in Congress, Debt and deficit, Democracy, Obamacare, Politics, Taxes, Trump.
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Reid, Pelosi and Obama took $716 billion from Medicare in 2012 to pay for Obamacare. AARP did very little to prevent it becoming the law of the land. Now, the program is blowing up in the market place and is adding trillions to the national debt.

This time around, it’s Republican’s turn to make a deep cut, about $500 billions, to the Medicare budgets because the Republican controls all three branches of the American government. 

Source: Vox

Source: Flipboard

In addition to Medicare, Medicaid is on the chopping blocks too. Budgets for Medicaid will be cut by roughly $1 trillion. 

Source: Flipboard

To get money to pay for Republican’s tax cut, it means that something else from the federal government’s budget has to be slashed to make the tax cut legislature revenue neutral. Budgets for Medicare and Medicaid are just two of the tens, if not hundreds, of federal programs to be cut by the Republican’s tax reform.

Well, more details of the tax reform plan will come out in the next few weeks. No matter what kind of bill the House ends up with, it is a done deal because Democrat is totally out-numbered and out-maneuvered. Democrat in the Senate is hopeless to prevent this from becoming law in the Senate but several Republican senators may be able to make the damage to Medicare budget as little as possible.

We’ll just have to wait to see what happens next in the Congress. Not much we the tax payers can do now because it’s democracy.

3% vs 2% September 30, 2017

Posted by hslu in 美國, Do you know?, Economics, Health Insurance, Obamacare, Taxes.
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We’re talking about the growth rate of American’s economy in the next 10 years.

Trump, well his underling, said that America’s economy will grow 3% on average for the next 10 years after Republican’s tax reform is enacted as law.

Source: Bloomberg.

You see, Republican and Democrat are ‘兩個烏鴉一般黑’, they are ‘一丘之貉’. They use this kind of financial trick to tell American citizens that even though their program, be it Obamacare in 2009 or tax reform in 2017, will increase deficit, but the resulting higher economic growth will generate enough taxes to make the new program budget neutral: a term you will hear repeatly before the end of this year.

Do you know the impact on American’s national debt if the economy grew 2% instead of 3%? 

About $2 trillion. And that’s assuming the U.S. won’t fall into a recession and no funny accounting gimmicks.

Last year, the U.S. federal deficit was $590 billion but the national debt rose by $1.4 trillion; a whoppying $810 billion difference.

Why? Where did $810 billion go?

Well, check out this link below and read yourself.

Allow me to give you some highlights to get you started:

Do you know that government’s borrowing to make student loans and repairs on highways and bridges aren’t classified as deficit? These items are ‘investments’ so that they don’t count as deficit. In addition, the U.S. government had to borrow some money to pay for social welfare recipiants because the government didn’t collect enough taxes from FICA deductions to pay for social welfare benefits: social security, Medicare and ACA. There are more in the article if your blood pressure is under control.

A warning: as powerful as America is, all bean counters working for the federal government couldn’t figure out where $82 billion went.

This is your America.

Let the fight begin September 28, 2017

Posted by hslu in Congress, 美國, Economics, Taxes, Trump.
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The fight is on tax reform proposed by the Republicans and endorsed by Trump.

The new proposal calls for roughly doubling of the standard deduction which in essence eliminates many tax payers’ incentive to itemize (schedule A). Deductions on medical expenses including health insurance payment, lab, test and doctor fees, medicines and other costs, probably will be gone. 

Mortgage interest deduction will be gone too for some tax payers because their itemized deductions will be lower than the standard deductions. As such, even the new plan calls for retention of mortgage interest deductions, this deduction is basically eliminated for most tax payers.

Well, none of this new rules on deductions will affect me but I’ll be happy to take the doubling of the standard exemption starting with the 2017 tax return.

However, I don’t think Republican’s tax reform proposal will be revenue neutral. Where will the new revenue come ftom to offset the tax cuts for higher income and the super-rich tax payers? Don’t forget the corporate income tax will be cut by roughly 42%, from ~35% to 20%? On top of that, the death tax will be eliminate too.

I know that Republican will rely on a bigger pie to collection more taxes because tax reform, Republican will argue, will grow the economy which will provide a bigger tax base to collect federal tax from.

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