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Biden proposes a $7.3 trillion dollar budget with projected tax revenues of $5 trillion?

Posted on 3/11/24 at 4:45 pm
Posted by Bass Tiger
Member since Oct 2014
46297 posts
Posted on 3/11/24 at 4:45 pm
Is this a problem or is this the new normal the US operates on using MMT (Modern Monetary Theory)...... and we should trust these lunatics?
Posted by Taxing Authority
Houston
Member since Feb 2010
57375 posts
Posted on 3/11/24 at 4:48 pm to
quote:

projected tax revenues of $5 trillion?
Clearly the problem is not enough taxes.
Posted by PsychTiger
Member since Jul 2004
99254 posts
Posted on 3/11/24 at 4:49 pm to
Doesn't matter, already rejected by the House leadership.
Posted by Bass Tiger
Member since Oct 2014
46297 posts
Posted on 3/11/24 at 4:50 pm to
quote:

Doesn't matter, already rejected by the House leadership.


I don't trust House leadership....is my trust unfounded?
Posted by Taxing Authority
Houston
Member since Feb 2010
57375 posts
Posted on 3/11/24 at 4:51 pm to
quote:

Doesn't matter, already rejected by the House leadership.
Sarcasm?
Posted by moneyg
Member since Jun 2006
56665 posts
Posted on 3/11/24 at 4:53 pm to
quote:

Doesn't matter, already rejected by the House leadership.

Posted by moneyg
Member since Jun 2006
56665 posts
Posted on 3/11/24 at 4:54 pm to
quote:

I don't trust House leadership....is my trust unfounded?



They will pass an omnibus at COVID / Pelosi levels plus a nice little increase and point to this absurd proposal as evidence that they got a good deal.

Posted by faraway
Member since Nov 2022
2114 posts
Posted on 3/11/24 at 4:57 pm to
quote:

I don't trust House leadership....is my trust unfounded?
you're missing the point. biden's regime asks for a lot more than they know is reasonable just so they can use it as a talking point. the repukes (who are really on the same team) won't give us what we need to solve all the country's problems. blame them even though we're all on the same team. it sets up a narrative. nothing more, nothing less.
Posted by NineLineBind
LA....no, the other one
Member since May 2020
6951 posts
Posted on 3/11/24 at 4:57 pm to
quote:

Taxing Authority

quote:

Clearly the problem is not enough taxes

Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45367 posts
Posted on 3/11/24 at 4:58 pm to
quote:

I don't trust House leadership....is my trust unfounded?


I think House leadership is solid. The problem is there aren’t enough good Republicans behind him.
Posted by Figgy
CenCal
Member since May 2020
7241 posts
Posted on 3/11/24 at 4:58 pm to
quote:

Biden proposes a $7.3 trillion dollar budget with projected tax revenues of $5 trillion?


But the administration said they’d save us 3 trillion over the next 10 years. Are you telling me that they lied to us? I am shocked. Shocked I tell ya.
Posted by Chief One Word
Eastern Washington State
Member since Mar 2018
3696 posts
Posted on 3/11/24 at 5:00 pm to
This is why lawyers and law school grads should never hold congressional positions. They have no clue what they are doing.
Posted by Chief One Word
Eastern Washington State
Member since Mar 2018
3696 posts
Posted on 3/11/24 at 5:01 pm to
This is why lawyers and law school grads should never hold congressional positions. They have no clue what they are doing.
Posted by POTUS2024
Member since Nov 2022
11401 posts
Posted on 3/11/24 at 5:17 pm to
With the inevitable 'supplementals' and a withering economy, this would easily be a $3T deficit.

If they use a discharge petition to send money to Ukraine, they'll do the same to ram through Biden's budget.

It only took a couple weeks from the time Dick Durbin talked about putting invaders in our military to having John James (R) and Pat Ryan (D), two west pointers, submitting a bill to do that. I'm guessing the discharge petition will be used for that as well.

At what point do we see amnesty floated out there, in a way that gives the invasion force the right to vote? Biden has already given them de facto amnesty by promising to never deport them. And he's apologizing for referring to a murderer as an illegal while other Democrats refer to them as their most important constituency and 'undocumented Americans'. Amnesty is coming. It's just a question of when.
Posted by dbeck
Member since Nov 2014
29453 posts
Posted on 3/11/24 at 5:18 pm to
quote:

Biden proposes a $7.3 trillion dollar budget with projected tax revenues of $5 trillion?

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11191 posts
Posted on 3/11/24 at 5:25 pm to
They have been getting away with it because of how interbank lending markets function. The banks need the collateral. It also explains why European bond yields are so low while the entire Eurozone is bascially in recession. Bond vigilantism is mostly dead for this reason.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7844 posts
Posted on 3/11/24 at 6:02 pm to
Just saw that Biden plans to throw another $133 million down the Haiti rat hole.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11824 posts
Posted on 3/11/24 at 6:10 pm to
And the age old adage…..

We have a spending problem….. not a revenue problem.
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
24963 posts
Posted on 3/11/24 at 7:28 pm to
quote:

and we should trust these lunatics?

No.
Posted by lake chuck fan
westlake
Member since Aug 2011
9236 posts
Posted on 3/11/24 at 7:50 pm to
I'm no economist, but anything those communist traitorous fricks say will only continue to destroy what so many have died to protect.
The traditional American values we should all share. Anything less will not cut it.
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