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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
46656 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
57517 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
99642 posts
Posted on 3/11/24 at 4:49 pm to
Doesn't matter, already rejected by the House leadership.
Posted by Figgy
CenCal
Member since May 2020
7323 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
3712 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
3712 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
12123 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
29454 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
11298 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
8089 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
11881 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
25303 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
9489 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.
Posted by Tandemjay
Member since Jun 2022
2643 posts
Posted on 3/11/24 at 9:30 pm to
Time for nation wide strikes like they do in France.

They can't withhold taxes on hours not worked. The beast would starve if we could get 10-15% to participate.
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26492 posts
Posted on 3/12/24 at 7:13 am to
He can propose whatever he wants, executive prerogative. What's wicked about this is that it will pass.
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