Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
no dems or reps want to actually reduce spending.That's what Mnuchin is projecting this year's deficit will be. #winning?
Can't blame this one on Obummer.
Damn. When is Trump's big tax cut gonna kick in???!?!?That is unacceptable
no dems or reps want to actually reduce spending.
I don't know how far back it really goes, but both Clinton and Bush had balanced budgets for a while. It really started to get out of control after 9/11 but things seemed to be headed back in the right direction for a couple of years before the housing collapse. I honestly wouldn't even be that upset right now if we were still going 400-500 billion in the red because we would at least be looking at increased revenues in the next few years but this is ridiculous. Since 2003 we have only had 2 years where revenue went down from the previous year. This year we will bring in over 100 billion dollars more than we did last year. It just doesn't make sense that we can't curb spending somewhere so that we at least don't get worse every year.Blame is in the last 20 years which is both parties. Neither party seem to want to deal with it.
It doesn't help when you've got Modern Monetary Theory economists in the ear of all of the politicians.I don't know how far back it really goes, but both Clinton and Bush had balanced budgets for a while. It really started to get out of control after 9/11 but things seemed to be headed back in the right direction for a couple of years before the housing collapse. I honestly wouldn't even be that upset right now if we were still going 400-500 billion in the red because we would at least be looking at increased revenues in the next few years but this is ridiculous. Since 2003 we have only had 2 years where revenue went down from the previous year. This year we will bring in over 100 billion dollars more than we did last year. It just doesn't make sense that we can't curb spending somewhere so that we at least don't get worse every year.
Yeah, you'd think cutting the amount of revenue the Federal Government brings in (you know, taxes) wouldn't cause stuff like this to happen!!!This year we will bring in over 100 billion dollars more than we did last year. It just doesn't make sense that we can't curb spending somewhere so that we at least don't get worse every year.
We didn't cut revenue. It went up by 100 billion dollars.Yeah, you'd think cutting the amount of revenue the Federal Government brings in (you know, taxes) wouldn't cause stuff like this to happen!!!
We cut the increase. Same thing.We didn't cut revenue. It went up by 100 billion dollars.
Even if we went back to the later Obama years where we were increasing by 200 billion a year, we would still be adding 900 billion in debt every year. If you can come up with a plan on how to increase revenue by 900 billion I'm all ears.We cut the increase. Same thing.
Even if we went back to the later Obama years where we were increasing by 200 billion a year, we would still be adding 900 billion in debt every year. If you can come up with a plan on how to increase revenue by 900 billion I'm all ears.
They cut taxes on everybody. Stop acting like it is just the 1 percent. Also, even you took all of the top 1 percent's income every year, you wouldn't make a dent in the deficit. It's not a revenue problem. So stop playing the wealth envy card.I've always understood that balancing the budget depends on estimated taxes matching estimated expenses. You want to rail against spending (justifiably, I might add) while ignoring the fact that Trump and the Republicans CUT TAXES on the wealthiest 1 percent.
It's hard to wring our hands about the increasing Federal debt when our "fiscally conservative" lawmakers deliberately voted to increase that annual Federal debt.
I'm playing the wealth responsibility card.Stop playing the wealth envy card.
Clinton actually didn't, despite the Republicans saying they helped. It's actually a charade, long story. Surpluses still get spent.I don't know how far back it really goes, but both Clinton and Bush had balanced budgets for a while.
Over $10T in value was wiped off of Wall Street in 2000, which is why it was already 'out-of-hand' by 2000 October, and 'officially' a recession 2001 March.It really started to get out of control after 9/11 ...
Actually, in high income tax states, the top 3-5% may pay more federal taxes.They cut taxes on everybody. Stop acting like it is just the 1 percent. Also, even you took all of the top 1 percent's income every year, you wouldn't make a dent in the deficit. It's not a revenue problem. So stop playing the wealth envy card.
Corporations shouldn't pay any taxes but they also shouldn't get subsidies. Their earnings go to investors who pay taxes on that income. You can double tax that the most profitable entities make but until the lower 50% of wage earners actually do pay taxes we will never balance the budget with spending increases like we have.I'm playing the wealth responsibility card.
Folks here like to wail about the percentage of low-income Americans who don't pay enough (or any) income taxes. But shouldn't that concern include wealthy corporations and individuals who 'play the tax-avoidance' game'? Or is that concern too "envious" to be legitimate?
The top 1% pays more than 37% of taxes and pays more than the entire bottom 90%.I'm playing the wealth responsibility card.
Folks here like to wail about the percentage of low-income Americans who don't pay enough (or any) income taxes. But shouldn't that concern include wealthy corporations and individuals who 'play the tax-avoidance' game'? Or is that concern too "envious" to be legitimate?
Damn. When is Trump's big tax cut gonna kick in???!?!?
Id be interested to know how much shookster pays in taxes. Im guessing he is in that 10% bracket but still likes to lecture us on how much to payThe top 1% pays more than 37% of taxes and pays more than the entire bottom 90%.
Tell me, oh centralized planner, when have they paid enough?
You caught me! I live under a bridge and pay zero federal taxes. Fortunately my laptop is paid for and I get free internet off the nearby IHOP.Id be interested to know how much shookster pays in taxes. Im guessing he is in that 10% bracket but still likes to lecture us on how much to pay
Here's a wild thought: When we can live with a budget that is balanced and, ideally, is starting to pay down our Federal debt.The top 1% pays more than 37% of taxes...Tell me, oh centralized planner, when have they paid enough?
Yeah, it's all those fiscally conservative Republicans could talk about for eight years. Then what happened?Remember that year obama passed a budget? Me neither
Like I said, you can take all of their income and all of their wealth and you won’t balance the budget. The only way that is going to happen is to cut spending. Period.You caught me! I live under a bridge and pay zero federal taxes. Fortunately my laptop is paid for and I get free internet off the nearby IHOP.
Here's a wild thought: When we can live with a budget that is balanced and, ideally, is starting to pay down our Federal debt.
Yeah, it's all those fiscally conservative Republicans could talk about for eight years. Then what happened?
actually the rapist Clinton just happened to be President during the internet boom. i'm assuming you had yet to be consummated in the Denny's bathroom at that timeThis is of course another blatant lie by you. Clinton had a balanced budget.
actually the rapist Clinton just happened to be President during the internet boom. i'm assuming you had yet to be consummated in the Denny's bathroom at that time
It already has. Want a ride in it?Damn. When is Trump's big tax cut gonna kick in???!?!?
actually the rapist Clinton just happened to be President during the internet boom. i'm assuming you had yet to be consummated in the Denny's bathroom at that time
I'm on record in numerous threads as saying we need to address the Federal budget deficit---which most certainly will require budget cuts.Like I said, you can take all of their income and all of their wealth and you won’t balance the budget. The only way that is going to happen is to cut spending. Period.
You didn’t address this point before.
he's so dead set on opposing Trump I wouldn't put it past him to be upset if he did benefit from itIt already has. Want a ride in it?
Let me ask you something. Would you be happy if Trump pushed an initiative with the budget similar to regulations where you’d have to cut two programs for every one you added. Or $2 for every $1?I'm on record in numerous threads as saying we need to address the Federal budget deficit---which most certainly will require budget cuts.
But after RAILING and RAILING and RAILING about the deficit throughout the Obama years, those fiscally-conservative Republicans suddenly got super-quiet once Trump took office. Instead of a focused plan to address the Federal budget, this Republican Administration has green-lighted EVEN MORE SPENDING for crying out loud!!!
So Puh--LEEZ spare me any song and dance about those "Fiscally Conservative" Republicans. The only difference between the two major parties when it comes to Government Spending is what they like to spend our money on.
this is an actual solution to the problem.We need to reduce the % of spending increases every year. Cut some overlapping govt departments. Add more automation in government to reduce head counts. Reduce government benefits to be inline with the private sector. Increase taxes on some that pay nothing. Get more people off public assistance and into the workforce. Drop stupid programs like free phones and anything else that is non life essential.
It doesn't help when you've got Modern Monetary Theory economists in the ear of all of the politicians.
Hypotheticals in this case are bullshit because NEITHER party is showing ANY interest whatsoever in developing a balanced budget, let alone actually cut the Federal deficit. So if you want to play games and act like this is all on 'those dems', be my guest. But there is absolutely no defense of the Republicans in Congress or the White House when it comes to the deficit either.Let me ask you something. Would you be happy if Trump pushed an initiative with the budget ... What are the chances that the House would take up such a budget?