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re: Debt increases by president

Posted on 4/20/24 at 6:53 pm to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
263366 posts
Posted on 4/20/24 at 6:53 pm to
quote:

The actual president really can't do much to stop it at this point


Eventually, the response will be higher taxes. There is no willpower to touch military or entitlement spending.
Posted by Taxing Authority
Houston
Member since Feb 2010
57527 posts
Posted on 4/20/24 at 7:12 pm to
quote:

Eventually, the response will be higher taxes
Anf that will fail. The “rich” don’t have enough income to balance the current budget. Even if you took all of it above $1m. You’d only do that once, since capital is mobile. The famine would be devastating.
Posted by riccoar
Arkansas
Member since Mar 2006
3074 posts
Posted on 4/21/24 at 1:37 pm to
You could cut every agency operating budget by 5% but they will never do it.

Not talking about money paid out to Americans, just each Federal agency operating budget.

Anyone that’s worked in Federal government knows it could be done easily.
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