|
Post by bobathon on Mar 6, 2019 8:08:26 GMT -5
how the 77% increase in deficit over this point last year is anyone but Prednisent OnlyIcansaveyou's and his compliant GOP's fault? Obama? Clinton? AOC? It surely can't be the "cut rich peoples' taxes" guys.
|
|
|
Post by Dave's Not Here Man on Mar 6, 2019 10:11:17 GMT -5
More fake news by @failingbobathon
Yeah I got nothin.
|
|
|
Post by rally2xs on Mar 6, 2019 12:29:29 GMT -5
1) There was no "tax cuts for the rich." 2) Lets stop spending so much. How about we abolish most of the gov't, and just keep the DoD and Social Security / Medicare. Eliminate: EPA, IRS, NASA, CDC, Homeland Security, Dept of Education, Dept. of Energy, Dept. of Labor, etc. From www.thebalance.com/u-s-federal-budget-breakdown-3305789 : SS is $1.046 Trillion Medicare is $0.625 Trillion Medicaid is $0.412 Trillion DoD base is $0.598 Trillion DoD "Overseas Contingency" (the wars) is $0.089 Trillion State Dept, Homeland Security, Vet Affairs is $0.181 Trillion Interest on Nat Debt is $0.363 Trillion From same source, projected revenues are $3.422 Trillion Sum of the above listed expenses is $3.314 Trillion. So, the $$$ left over to run the entire rest of the country is $0.106 trillion, or $106 billion. The above expenses, unless we want to radically change our defense posture in the world and probably get pushed around and possibly attacked by China / Russia / almost anyone by cutting DoD or kill a few million folks by cutting SS / Medicare / Medicaid, appear to be mostly "uncuttable." The interest on the Nat. Debt., about half of which is courtesy of "O", is absolutely uncuttable. Interest on Nat. Debt is over half the DoD expense. Soooo... balancing the budget by cutting would be mostly "everything else." Abolish all those things I listed initially, and then some. After having the last year that the National Debt did not increase being 1957, (From: www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287 ) it should be obvious that the income taxes are absolutely incapable of supplying enough money to balance the budget. We raise them, we lower them, they are always insufficient to doing what we want to do / need to do to maintain our place in the world and provide for the services we want. We always want and/or need beyond what income taxes provide. Raise them and revenue goes down when those abused by them figure out ways to avoid them - industry by moving operations out of the country, individuals by simply cheating on their taxes. (The FairTax researchers are reporting that their studies indicate $10T of cheating on income taxes over the next 10 years- that would eliminate the deficit. But people cheat income taxes because its so easy to do so - just lie about your income. "Everybody" (almost) does it - works after their day job doing odd jobs for friends, relatives, their friends for fees that go unreported, etc. Note back at the 1st reference, the income from excise taxes and Tariffs is only $0.152 Trillion. This is a source that could use some expanding, probably. It could provide the bulk of revenue of we went to the FairTax, but the President actually mentioned the tariffs in his speech at the CPAC as something we mostly abandoned in 1913 (we passed the income-tax-authorizing 16th Amendment in 1913) and that may indicated that such tariffs are in his periscope as something to overhaul, maybe boost them to over $1T and balance the budget. Who knows. I still favor the FT, but it's pretty clear, with a track record of continuous failure since 1957, the income taxes can't do it.
|
|
|
Post by bobathon on Mar 6, 2019 12:45:40 GMT -5
Yeah, you can give up on that "don't spend so much" delusion of yours. You cannot find a Congresscritter with ACTUAL fiscal restraint. Even the ones who whine as loudly as you about Big Gummint really just care about CERTAIN parts that are big. You can never bring a pile of money so big that Congress can't spend it. So it's childishly naive of you to continue suggesting it. Duh.
Also, the OP point is that the geniuses in the GOP, led by your holy saviour Trump, were going to fix this. By changing taxes. They did exactly as they planned, and it's fucked up, as predicted at the time.
Insist on 100% GOP Cluster Fucks, accept no imitations.
|
|
|
Post by rally2xs on Mar 6, 2019 12:56:05 GMT -5
Yeah, you can give up on that "don't spend so much" delusion of yours. You cannot find a Congresscritter with ACTUAL fiscal restraint. Even the ones who whine as loudly as you about Big Gummint really just care about CERTAIN parts that are big. You can never bring a pile of money so big that Congress can't spend it. So it's childishly naive of you to continue suggesting it. Duh. Also, the OP point is that the geniuses in the GOP, led by your holy saviour Trump, were going to fix this. By changing taxes. They did exactly as they planned, and it's fucked up, as predicted at the time. Insist on 100% GOP Cluster Fucks, accept no imitations. Nevermind congresscritters without restraint. How would you balance the budget with respect to the numbers I hauled out of those 2 sites? And just a point of fact, they did NOT do exactly as planned, since they did not lower the corporate income taxes to 15% but instead only to 21%. 15% would have helped the economy more than the 21% is helping it. 0% would be the ideal target. Its insane to tax business, because business is that from which all the people's prosperity flows - either if they are owners or are employees. Tax that which gives prosperity and you get... less prosperity. So, instead of blaming congresscritters (or anyone else), how would YOU balance the budget. I would abolish the corrosive-to-prosperity income taxes and pass the FairTax, but that's just me... <G>
|
|
|
Post by bobathon on Mar 6, 2019 13:38:15 GMT -5
Who said the goal is a balanced budget? You and the GOP.
Who passed it, and by *your* measure, fucked it up? The GOP.
Who signed a fucked up bunch of bills? Your Dear Leader.
Own it.
|
|
|
Post by rally2xs on Mar 6, 2019 16:27:08 GMT -5
The goal, at minimum, is to not add to the debt. That hasn't happened since 1957. I now conclude that you don't have a clue how to do it. I believe I do, but it'd be hard to execute, requiring abolition of income taxes to do it.
|
|
|
Post by bobathon on Mar 6, 2019 16:53:49 GMT -5
Whether or not you or I "could" do it is totally irrelevant, since neither of us is Congress (so we couldn't, anywayduh). The point, which you should have engraved on a 2X4 and strike your head with so you remember it past a post or two, is that your Chosen One and a GOP-controlled Congress not only didn't fix anything, they made it all worse. Per your (and their own) measures.
|
|
|
Post by rally2xs on Mar 6, 2019 17:09:40 GMT -5
Whether or not you or I "could" do it is totally irrelevant, since neither of us is Congress (so we couldn't, anywayduh). The point, which you should have engraved on a 2X4 and strike your head with so you remember it past a post or two, is that your Chosen One and a GOP-controlled Congress not only didn't fix anything, they made it all worse. Per your (and their own) measures. And what you don't seem to get is that I'm saying its unfixable. Can't be done, not w/o nuking the income taxes. Just not happening. They made the economy markedly better. The debt suffered. I think we can fix both, but, like I said, not with income taxes. They have to go.
|
|
|
Post by bobathon on Mar 6, 2019 17:46:36 GMT -5
Are there other issues you believe are insoluble, that the GOP and/or Trump have promised positive results for? Perhaps recovery of American manufacturing? Elimination of trade deficits? A balanced budget at all, ever? The border "invasion"? Opiod crisis?
Asking for the next time you want to pull this goalpost-moving bullshit.
|
|
|
Post by rally2xs on Mar 7, 2019 9:35:06 GMT -5
If there are, I'll let you know after I figure them out. I just tumbled to the futility of attempting to balance the budget the way we're trying to do it - just by looking at the numbers I posted. We can't do it that way. I don't know of any others right now, but that isn't saying I won't ever discover that something else we're trying to do is futile. Its just that income taxes have a negative feedback loop that precludes their use to raise the kind of money that we need to prevent the National Debt from continuously rising.
|
|
|
Post by bobathon on Mar 7, 2019 11:49:46 GMT -5
I'm reading that as, "I reserve the right to move goalposts when cornered."
|
|
|
Post by minx on Mar 7, 2019 14:48:53 GMT -5
Next on the table - Rally explains immigration. How to secure all of our borders, along with a cost-effective way of finding illegals in our country and deporting them.
Stay tuned....
|
|