Rep.Kevin Brady finally admits tax cuts not paying for themselves!

Then why do you vote for the party that spends like drunken sailors and continues to pay less and less for it, rather than the one that spends, but at least partially pays for it? Makes no sense to me.

 

OMG! $1.5 million. LMFAO!

Planned Parenthood gets over $500 million from the Federal government.

 

Why do you vote for the party (Democrats) that spend like drunken sailors?

 

yes, like Trump, Obama just continued on with the Bush spending

difference is, the economy was crashing when passed on to Obama

Trump says the economy is better then ever now, so time to pay off the debt

set up a new department in government to manage tariffs

 

Exactly - "Historical Revisionism on Steroids" Reagan is upheld as some kind of pillar of fiscal conservatism when he was completely the reverse. His spending was so out of control that it nearly bankrupted the country. Bush Sr. was not much better. The situation was so bad that the interest on the debt as a ratio of income was over 25% = 25% of revenue was going to service the interest on the debt !!

When that ratio hits 30% - red lights go off at the IMF - the ship is taking in water faster than can be bailed out and if something is not done soon the ship will sink. It was at this time when the Debt Clock came out and people were extremely worried - and for good reason.

It was not that Clinton and Congress wanted to reign in spending and raise taxes - They had to. Fortunately - there was a "white swan" event that resulted in a large revenue increase - the internet/computer/Tech revolution.

In addition - Ave interest rates on the debt were reduced over time from 7% and higher - to where they are now at 2.25%

The problem now is that all the bullets are gone. Interest rates can not go lower without serious economic ramifications. We are now in a rising interest rate environment - simply because they can not go lower. We also have an inverted yield curve.

The interest on our debt had remained stable from 2000 to 2016 - roughly 420 Billion/year (this was despite much higher debt but because the interest rate was reduced the payments did not increase). Over the past couple of years our interest payments have started to increase - now closer to 500 Billion/yr and are projected to go much higher going forward.



This chart is "NET" interest = the interest on the debt minus interest income from SS. For years SS has been generating a huge amount of interest. Instead of keeping that money in the program (which would have funded the program) they put it into general revenue (Stole it - basically). Soon SS will be in the red due to the baby boomers hitting retirement age. This will also be accompanied by these folks going into their high heathcare cost years - en mass. At the same time these folks are going into their low spending years.

A big part of the reason the economy did well under Reagan was due to the boomers hitting their high spending years. Now we are in the reverse situation - they are going into their low spending years. In addition the Fed is out of bullets - we are running massive deficits (even though the economy is doing well) in a rising interest rate environment.

This is a train wreck waiting to happen.

 

show me even one bill that was signed into law without republican support under Bush

Trump is spending as much as Obama and Bush did, the debt is still growing about 1 trillion a year

 

Well, if both spend like drunken sailors, I'd rather vote for the party that at least partially pays for the spending through taxes, rather than the one that passes out tax cut goodies today and sticks the bill to the next generation.

I answered. Now it is your turn.

 

Yes, the train wreck is coming. I am a cynic. I think this is completely intentional on the GOP part. They want to bankrupt government, so there will be no other choice than to cut services. It's called "starve the beast". They don't repeat that meme anymore, because of bad publicity, but the intention remains the same.

 

raise the min wage, implement tariffs, tax corps that outsource our jobs, inflation will reduce the debt

 

Obama increased the national debt by nearly ten trillion dollars and now you are suddenly worried about it?

 

Trump has not continued with the Obama/Dem spending. Spending was cut during the Obama regime when the GOP took Congress.

 

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What does Law have to do with anything ? What a bunch of fallacious gibberish - Appeal to Authority Fallacy on Steroids when the group being appealed to is not even an authority.

Clowns get elected every year - and every year stupid laws are made on this basis. Are you unaware of this fact - that laws are often made on the basis of Political reasons rather than logic and reason ? Come on.

You seem not to understand what an argument is. An argument consists of 2 things 1) statement of claim and 2) explanation that proves that claim true.

Crying out "Some Politician said X - or made some law" is not proof of claim. Crying out "Some expert said X" is not proof of claim.

What proves a claim true is proof that the claim is true. When an expert makes a claim -that expert backs that claim up with evidence.

As stated in the previous post - get a coherent argument.

Lastly - You do part legal argument correct = if an overwhelming majority consent - that law is legitimate as per the founding principles.

Where I disagree with you is your claim that an overwhelming majority agrees with 10 weeks as the cut off. Every statistic/Poll on abortion that I have seen is for legalized abortion long after that. Regardless - if you have some data that backs up this claim I would like to see it.

 

how many churches got 1.5 million+, and that was then, it's a lot more by now with yearly tax payer funded giveaways to a entity that never pays taxes, there is a lot of churches in this country, just saying some spending goes under the radar

whoa whoa.... how much does one planned parenthood get, lets compare apples to apples

1 planned parenthood vs 1 church

 

I am more of a realist than a cynic. I contend that if we would have defaulted on our debt back in the 90's we would be in a far better place right now. Russia defaulted in the late 90's - and they are leaps and bounds ahead of where they were then. For one we would probably not be running all over the world "nation building" and spending Trillions of dollars in the process - while neglecting infrastructure - technology development and innovation - ramping up our economy to compete in the 3rd millennium - here at home.

Heck- if we would have defaulted in 2008 we would be doing far better now. Yes - we would have to suffer a few years of pain - but this would be for long term gain.

What we are doing now is short term gain for long term pain. The only way to kill the Debt Monster is to kill the Debt Monster (default). The longer we wait to do this inevitable act - the more pain we will suffer.

 

IMO, the real tell is the deficit is larger under Trump with about 3% trailing GDP than it was under Obama wirh GDP in the 2-2.5% range. Meaning.........wait for it.........the OP is correct. The tax cut has not paid for itself..........it has made the annual deficit bigger.............and CBO projections indicate it's going to get worse.

 

Bush would of still seen the war on terror as a way to rid the world of a competing religion and convert Muslims to Christianity... sadly I think the deby woudl of rose either way

remember, when Bush started the debt was small compared to today

 

The numbers with respect to Total Military Spending are a sad story. In 2000 - Total Military Spending was roughly 300/billion/year. 10 times more than what is required to defend the homeland but ... it is what it is. (This is all in Defense, Intelligence, the VA and so on)

After 8 years of Bush that number increased to over 900 Billion and went over 1 Trillion under Obama.

Had we maintained 2000 spending levels (increasing with inflation) - we could have diverted 500 Billion/year x 16 years = 8 Trillion dollars to things like infrastructure, technology and innovation, ramping up our economy to compete in the 3rd millennium.

Instead we threw this money down the toilet fighting useless wars where nothing was accomplished other than making the situation worse. Wars whose purpose was to pad the pockets of the international financiers who own the Military Industrial Complex.

Interest on our debt is roughly 500 Billion/year - x 16 years and you can add another 8 Trillion to the total - again to pad the pockets of same international financier club. (not all of this would be salvagable but quite a bit)

In 2017 we spent 3.5 Trillion on healthcare in this nation. This is roughly double what other first world nations spend and they get more - have universal healthcare. That leaves another 1 Trillion on the Table x 16 years = 16 Trillion. - again to pad the pockets of the same international financiers who own the Insurance and Healthcare Oligopolies.

Imagine what this nation would look like if we had spent 30 Trillion on things other than what it was spent on. The US would look like the world of the Jetson's. We would not be fighting over table scraps with China because they would be nowhere near our level of economic prosperity, technology, infrastructure and innovation.

 

Of course they did. If you normally collect at a rate of 30%, and you decrease the rate at which you collect to 25%, you will collect 5% less than you otherwise would have. Math.

 

Comparing debt to GDP - while popular- is not a good measure. Increase in the deficit as a ratio of "revenue" is much better. On this basis Trump leaves Obama in the dust with respect to fiscal irresponsibility.

Obama started with a 1.4 Trillion dollar deficit - 600 Billion of which was due to Federal Revenue dropping from 2.7 Trillion down to 2.1 Trillion due to the crash. The deficit decreased during every year under his watch - down to roughly 550 Billion ave over the last 3 years.

Trump has increased the deficit - this is despite increasing revenues and a good economy. Increasing the deficit when the economy is doing well is not fiscal responsible. Doing this in a rising interest rate environment is the pinnacle of fiscal irresponsibility.

 

What are you talking about ?? What part of "Trump has increased the deficit" do you not understand - this is despite increased revenue due to a good economy. This is despite having both houses of congress.

Someone has been lying to you - and are now spouting this nonsensical ingested koolaid as if it has some basis in fact - when it is a complete falsehood.

 

The deficit when Obama and the Dems has congess was over a trillion. It’s not now

 

agree with you 100%

I am a big proponent of a war tax to pay for the war and the taking care of our vets when they return

I think if we had a 500 billion a year war tax all these years, those 10+ year wars would not of happened, would of just been a quick retaliatory attack to say... keep you people in check

 

the debt is still growing about 1 trillion a year and there is no end in sight

 

If you think another tax on Americans is a good thing..... then sure.

 

Our taxes are too high. But the liberals and dems have never met a tax they didn't like -- as long as it's on the rich. We don't have a tax revenue problem, we have a spending problem. If you took every penny everyone made the Congress would still run a deficit.