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Started By
Message
re: US government is running out of money faster than expected, Mnuchin warns
Posted on 7/13/19 at 1:07 pm to Magician2
Posted on 7/13/19 at 1:07 pm to Magician2
quote:
What should be cut from the budget? What’s your ideal solution?
Here's the thing. The vast majority of tax receipts (~90%) are eaten up by SS, medicare/medicaid, defense, and interest on debt. As the boomers age, it will easily eat up all tax receipts at current tax levels.
Think about that. You could eliminate every other government program and we still can't balance the budget if you don't touch those things. No SNAP, no HUD, no education spending, etc.
We cannot fix things without changing SS, medicare/aid, and defense. It is mathematically impossible.
This post was edited on 7/13/19 at 1:10 pm
0
Posted on 7/13/19 at 1:56 pm to wookalar1013
quote:
only trump could bring in less money in this economy
You are one enormous fricking idiot? I think a little less Deliverance and a little more education would help.
Posted on 7/13/19 at 1:59 pm to Mickey Goldmill
quote:
which is facing a growing deficit thanks in part to President Donald Trump's 2017 tax cuts
no agenda in that report. The US steals more than enough money from the Taxpayer. We don’t have a revenue problem. We have a spending problem.
Posted on 7/13/19 at 2:41 pm to CDawson
quote:
The US steals more than enough money from the Taxpayer. We don’t have a revenue problem. We have a spending problem.
Okay, but the following is also true
1. It is mathematically impossible to fix the budget issues without touching SS, medicare/aid, and defense
2. Trump supported increasing defense spending, he campaigned on not touching SS and medicare, and he obviously championed the tax cuts
Trump hasn't really taken any reasonable steps to address the line items in the budget that must be tackled. Proposing cuts to other departments will not come close to balancing things out
We have to make hard adjustments to popular programs. There is no other way. Or increase taxes. Pick your poison.
This post was edited on 7/13/19 at 2:43 pm
Posted on 7/13/19 at 3:35 pm to pizzatiger
quote:Absolutely.
1. It is mathematically impossible to fix the budget issues without touching SS, medicare/aid, and defense
quote:Trump is t really the problem here. (The collective) “We” are the problem. Proposing needed cuts to SS and Medi are a one-way ticket out of office.
2. Trump supported increasing defense spending, he campaigned on not touching SS and medicare, and he obviously championed the tax cuts
Trump hasn't really taken any reasonable steps to address the line items in the budget that must be tackled.
Expecting Trump (or any other politician) to take that kind of action against public will is... silly.
Until the masses start clamoring for these cuts... it’s not going to happen.
Posted on 7/13/19 at 4:45 pm to Taxing Authority
quote:
it's not relevant (when talking about competency for conducting the job of Sec Treasuary... the (faux) ignorance of not knowing that 1099 income comes with a tax liability isn't relevant? Ok.
Stil not relevant.
Posted on 7/13/19 at 4:46 pm to Taxing Authority
Weird how you avoid buckeye.
Run along coward.
Run along coward.
Posted on 7/13/19 at 5:03 pm to FightnBobLafollette
quote:
Stil not relevant.
Posted on 7/13/19 at 5:04 pm to FightnBobLafollette
quote:Unless you’re talking about something else I addressed it directly.
Weird how you avoid buckeye
quote:
Run along coward.
go ahead and square up the numbers I posted with your views.Posted on 7/13/19 at 5:28 pm to wickowick
CUT CUT CUT!!!!
Get out of the ME
Get out of NATO
Get out of welfare for non Americans
Limit SNAP to basics and give receipentants half of any savings they have every month (this would dramatically cut how much we spend--huge)
Implement the IBFreeman plan for SS
Implement the IBFreeman plan for subscription based Medicare
Cut earned income tax credit by 50%
ect. ect. ect.
Get out of the ME
Get out of NATO
Get out of welfare for non Americans
Limit SNAP to basics and give receipentants half of any savings they have every month (this would dramatically cut how much we spend--huge)
Implement the IBFreeman plan for SS
Implement the IBFreeman plan for subscription based Medicare
Cut earned income tax credit by 50%
ect. ect. ect.
Posted on 7/13/19 at 7:06 pm to Mickey Goldmill
Sure did waste a lot of money investigating Trump and his ties to russia.
Also spent way to much money investigating Kavenaugh.
There is a common denominator with these 2 examples.
Also spent way to much money investigating Kavenaugh.
There is a common denominator with these 2 examples.
Posted on 7/13/19 at 7:37 pm to Taxing Authority
quote:
Unless you’re talking about something else I addressed it directly.
Never happened.
quote:
ahead and square up the numbers I posted with your views.
No thanks, coward.
Posted on 7/13/19 at 7:51 pm to pizzatiger
quote:
defense
As long as we foot the worlds military spending we cannot cut the spending in that sector. As Trump has said to the chagrin of the libtards and Europeans, they must pay their “fair share” of military cost. Currently, we foot the bill for that whole continent and then some.
Posted on 7/13/19 at 8:31 pm to Mickey Goldmill
quote:
thanks in part to President Donald Trump's 2017 tax cuts,
Receipts went up after this. We have a spending problem
I say put all remaining money toward interest on debt and military and other essentials. Let the other shite run out
Posted on 7/13/19 at 8:33 pm to HailHailtoMichigan!
quote:
85% of the deficit increase is due to Medicare and ss
We knew it was going to get worse with Boomers retiring.
Yet Dems want to import a bunch of poor immigrants that will strain our finances even more
Posted on 7/13/19 at 8:40 pm to Mickey Goldmill
quote:
Treasury Secretary Steven Mnuchin on Friday issued a warning Friday that the US government is at risk of running out of cash sooner than expected.
An 18 year war will do that.
An illegals paid under the table.
Posted on 7/13/19 at 8:55 pm to partsman103
Not to mention the golf trips and pep rallies.
Plenty of taxpayer money wasted.
Plenty of taxpayer money wasted.
Posted on 7/14/19 at 12:55 am to FightnBobLafollette
quote:Did.
Never happened.
quote:You're the only one refusing address your position.
No thanks, coward.
This post was edited on 7/14/19 at 12:56 am
Posted on 7/14/19 at 12:59 am to deltaland
quote:The entire "receipts" thing is a smoke screen.
Receipts went up after this. We have a spending problem
EVEN IF recepts went all the way up to taking every $ in income above $1,000,000 in yearly income... it wouldn't balance the current budget. We have a spending problem. Not a taxing problem.
We're spending more money than can be taken. Next stop... spending more money than can be borrowed.
Posted on 7/14/19 at 1:39 am to Taxing Authority
quote:
Did
Nope. You never directly responded to him.
quote:
You're the only one refusing address your position
Lol
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