US budget deficit rises to $209 billion in November

Discussion in 'Current Events' started by FlamingLib, Dec 12, 2019.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    As I said It is pointless to try and have a discussion with you as you will merely claim you have already refuted anything posted and refuse to answer direct questions to you as above as in directly asking you to prove Bush could have vetoed the Democrats 2009 budget which ended in a $1,400B defict. Your history of obfuscation well documented.
    And of course your claims of white flags, no white flag offered.
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    As I said It is pointless to try and have a discussion with you as you will merely claim you have already refuted anything posted and refuse to answer direct questions to you as above as in directly asking you to prove Bush could have vetoed the Democrats 2009 budget which ended in a $1,400B defict. Your history of obfuscation well documented and demonstrated again.
    And of course your claims of white flags, no white flag offered.
     
  3. Observing

    Observing Well-Known Member

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    Budget cuts will not take us back to where we should be which is say 2% of the gdp or a defict of about 400,000 bill yearly. this present rate it is almost 10% of our gdp. Taxes have to be raised by a 2:1 over cuts.


    Well, I think most dems will cut some, but most will be out of the defense budget as we pull back from all the overseas entanglements that we have participated in since 2001. I think they will be some base closures that was recommended by the bipartisan committee back in Clinton term. That and the dems will raise taxes on the top 10% of the wage earners I think they will get the deficit under what Trump has it now. This deficit is really scary as this is the case even with the billions in tariffs taken in which are paid by consumers in the long run.
     
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  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    Trump and the Republicans do not own the biggest deficit as was claimed.
     
  5. Observing

    Observing Well-Known Member

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    But that deficit was to spend our way out of a recession. Not to give a tax breaks.
     
  6. notme

    notme Well-Known Member

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    The entire claim was...
    "Donald is making a record deficit of the US with absolutely no clue how to repay it."

    Obama made a bigger deficit,... with a plan how to repay it.
    A plan that succeeded.
     
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    Have you been listening to the huge unfunded spending increases all the Democrats are pledging?
    The way to get back to some fiscal sanity as the Republicans had us mid-late 1990's and mid-2000's is growth oriented tax policy putting people into good paying jobs and off government dependence and spending growth restraint, ie conservative policies. Even in the mid 2010's it was Republican sequester and austerity that actually cut the deficits. Even the RINO's would be better than the progressive Democrats.
     
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  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    ROFL the deficits stayed over $1,000B for the next 3 years and it was Republican sequester and austerity that cut them.
     
  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    And it failed and they kept that level of spending. Had the made the Bush tax rate cuts permanent and instituted a regulatory roll back and moratorium we would been much better off and into a full recovery. The fact is they BRAGGED about their higher spending and especially for 2009 how Bush wouldn't be in the way anymore. Just listen to the current candidate they want to go back to the same.

    Both the Gingrich/Kasich and Bush43 tax rate cuts produced RECORD revenue increases and the higher income groups paying a higher share of tax revenues.
     
    Last edited: Dec 13, 2019
  10. notme

    notme Well-Known Member

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    So what. Donald still has no clue how to repay the deficit. His companies go bust a lot as well.
    Take a hint.
     
  11. rahl

    rahl Banned

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    third white flag noted and accepted
     
  12. rahl

    rahl Banned

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    4th
     
  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    As I said obfuscate.
     
  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    As I said obfuscate.

    Don't waste mine and others time.
     
  15. rahl

    rahl Banned

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    directly refuting your bullshit isn't an obfuscation, lol.
     
  16. rahl

    rahl Banned

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    Everyone understands why you have to run away. Your arguments have repeatedly been shown to be nonsense, by DOZENS of people including myself.
     
  17. Observing

    Observing Well-Known Member

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    e3e
    all tax cuts produce expanded revenue the following year. But they are blips and in time the effect is minimized and revenues then lag. We are not looking for expanded revenue in year one and less in succeeding years. Hell just back to the tax rates of 1998 then after the Gigrich/Clinton budget. Indexed for inflation just multiply these incomes by .50% and the deduction exemption for joint filers from 13,000 then to 20,000 now. This will result in 2/3rds of our families paying 15% on taxable income.

    Federal - 2000 Married Filing Jointly Tax Brackets

    Tax Bracket
    Tax Rate
    $0.00+ 15%
    $43,850.00+ 28% now 66,000
    $105,950.00+ 31% 150,000
    $161,450.00+ 36% 250,000
    $288,350.00+ 39.6% 450,000
     
    Last edited: Dec 13, 2019
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  18. FlamingLib

    FlamingLib Well-Known Member

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    That doesn't explain the demise of the Tea Party. Why do you think they're not out protesting trillion-dollar deficits during a time of (supposed) prosperity?
     
  19. bx4

    bx4 Well-Known Member

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    No, that’s not the scandal.

    The scandal is not that he keeps the businesses open, but that he uses his public office to direct taxpayer funds into those businesses. Literally any federal employee other than POTUS and VP would go to prison for doing what he’s doing.
    And you cheer him on.
     
  20. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    The same reason Democrats (More likely to protest) are not protesting poverty, homelessness, and low ranking schools where taxes are among the highest. They got the turd sandwich they voted for, and results (Lack thereof) are ignored. As long as we are fighting with each other, they will never have to deliver on their promises. They just have to throw out a bone.
     
  21. ronv

    ronv Well-Known Member

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    You are right. Silly of me. :(
     
  22. ronv

    ronv Well-Known Member

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    Like he said.. A really big recession. If he was running them up in better times like Trump is doing he would not have gotten them under 500 billion. So now we have this great economy you keep talking about. Why has it doubled?
     
  23. FlamingLib

    FlamingLib Well-Known Member

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    Democrats don't care about homelessness and poverty and low ranking schools? What?
     
  24. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Not while they are in power. California is the dems petri dish and in spite of our taxes being among the highest, schools rank with the lowest. The gap between the rich and poor is huge and there are very few middle class. Homelessness is increasing while poverty is out of control. Living in Los Angeles, I have seen many protests against Trump, gun rights, and me too, but no outrage on schools, homelessness, and poverty.
     
    Last edited: Dec 13, 2019
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  25. FreshAir

    FreshAir Well-Known Member Past Donor

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