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re: Potential for more Trump Bucks coming your way! New proposed legislation

Posted on 4/15/20 at 1:41 pm to
Posted by Taxing Authority
Houston
Member since Feb 2010
63985 posts
Posted on 4/15/20 at 1:41 pm to
quote:

They're already on the hook for a decade or so of pointless wars in the Middle East, anyway.
The first 10 years of the GWOT was right about $1T. Less than the Obama first year deficit. Or about half of the first round of Coorona virus “stimulus”.
Posted by Unknown_Poster
Member since Jun 2013
5758 posts
Posted on 4/15/20 at 1:44 pm to
Total cost for Iraq and Afghanistan combined is around $6 trillion. Not sure where you're getting your numbers.
Posted by JOJO Hammer
Member since Nov 2010
12463 posts
Posted on 4/15/20 at 1:44 pm to
quote:

like that has a chance of making it to reality


Don’t put anything past the stupidity of government
Posted by Hammond Tiger Fan
Hammond
Member since Oct 2007
16419 posts
Posted on 4/15/20 at 1:47 pm to
quote:

That won't pass and we can't afford it.


frick that. I hope it does pass and give me some of my tax money back. Between federal and state income taxes, social security, and medicare I'm paying over $25,000 per year.

I'll surely welcome some of that back to my personal account.
Posted by Taxing Authority
Houston
Member since Feb 2010
63985 posts
Posted on 4/15/20 at 1:51 pm to
quote:

Total cost for Iraq and Afghanistan combined is around $6 trillion. Not sure where you're getting your numbers.


LINK

quote:

With enactment of the FY2014 Consolidated Appropriations Act on January 1, 2014 (H.R. 3547/P.L. 113-73), Congress has approved appropriations for the past 13 years of war that total $1.6 trillion for military operations, base support, weapons maintenance, training of Afghan and Iraq security forces, reconstruction, foreign aid, embassy costs, and veterans’ health care for the war operations initiated since the 9/11 attacks. Of this $1.6 trillion total, CRS estimates that the total is distributed as follows:

• $686 billion (43%) for Operation Enduring Freedom (OEF) for Afghanistan and other counterterror operations received;

• $815 billion (51%) for Operation Iraqi Freedom (OIF)/Operation New Dawn (OND);

• $27 billion (2%) for Operation Noble Eagle (ONE), providing enhanced security at military bases; and

• $81 billion (5%) for war-designated funding not considered directly related to the Afghanistan or Iraq wars.

About 92% of the funds are for Department of Defense (DOD), 6% for State Department foreign aid programs and diplomatic operations, 1% for Department of Veterans Administration’s medical care for veterans. In addition, 5% of the funds (across agencies) are for programs and activities tangentially-related to war operations.


Link includes references to appropriations etc. Feel free to point any mistakes you see.
This post was edited on 4/15/20 at 1:52 pm
Posted by go ta hell ole miss
Member since Jan 2007
14798 posts
Posted on 4/15/20 at 1:57 pm to
quote:

That won't pass and we can't afford it.


You think we can afford the current spending?
Posted by CP3LSU25
Louisiana
Member since Feb 2009
52570 posts
Posted on 4/15/20 at 2:03 pm to
This country is so fricked
Posted by Mike da Tigah
Bravo Romeo Lima Alpha
Member since Feb 2005
61883 posts
Posted on 4/15/20 at 2:05 pm to
Yeah, that isn’t happening.
Posted by Bigbee Hills
Member since Feb 2019
1531 posts
Posted on 4/15/20 at 3:32 pm to
quote:

OleWarSkuleAlum
Holy hell man, you are the biggest imbecile on this board, and that fact alone should be staggeringly terrifying to you. The fact that natural selection hasn't taken you out is a testament to how well our species has triumphed over taking the wheel from mother nature.

I majored in Ag Engineering and attained a minor in Ag Business; I'm no economics guru, but throughout my college career I put a hell of a lot of economics classes under my belt and always did very well in them. That said, economics is no different than all of life regarding basic core principles that dictate how the more complex ones are to go.

You can get in to conceptual semantics like you're trying do, and even though you don't know what the hell you're talking about and you're wrong because you're jumping past one of the basic, core laws of economics, i.e., supply and demand (of which the amount of currency in circulation is not immune to), the basic premises of any subject matter still sets the tone regarding what is fact and fiction and all the areas in between.

With all of your half-truth, gobblygook bullshite set aside, the fact of the matter is that the more of "something" that there is, the less worth it has. Do you know how much "a trillion" is? What about trillions and trillions? Any time you dump trillions of any product into the market (and the US dollar is the federal government's product), then its importance will drastically decrease- regardless of whether or not its quantity matches the actual production of the country printing it. Yes that makes inflation worse, but the point still remains that if trillions of anything gets artificially dumped into a market then it loses value.

Have you ever heard of the 1923 hyperinflation in Germany? While the reasons for it are not exactly identical to the reasons for the day of reckoning that we will have for our endless printing of US currency, especially with these socialist roaches wanting to print untold quantities like they are wanting to do right now, the same basic premise still applies: Too much of something= a drop in its actual market value and its intrinsic value. If you don't stop then you get to the point where, as one economics professor in college said regarding inflation and the printing of currency, especially when it doesn't match a country's actual production, "You have people rolling wheelbarrows full of money down the street for a loaf of bread."

And he wasn't being sarcastic: By 1923 a loaf of bread in Germany cost 200,000,000,000 marks and children made kites out of bank notes:



Keep printing all this damn money willy nilly and it won't be worth the paper it's printed on- less actually, because the paper makes fine tinder for those cold winter months.
Posted by AlceeFortier
Member since Dec 2016
1795 posts
Posted on 4/15/20 at 3:44 pm to
trump bucks? how about your tax bucks? u dont mind trump campaigning on your money???
Posted by nated14
Baton Rouge
Member since Nov 2009
948 posts
Posted on 4/15/20 at 3:55 pm to
Can we take the time and effort to do this right? Give it to those who actually need? If you’re laid off or qualified for unemployment show your 2019 W2 and get whatever percentage for X amount of days. Incentivize people to go back to work by allowing the unemployment money to be tax free if employed within 6 months of initial benefits or better yet, roll the tax deferred amount into a retirement vehicle Similar to a 529 plan.
This post was edited on 4/15/20 at 3:56 pm
Posted by Volvagia
Fort Worth
Member since Mar 2006
53616 posts
Posted on 4/15/20 at 4:04 pm to
quote:

Additionally, as long as GDP continues to increase and we do not have full employment inflation is not a concern


Incorrect. As long as GDP continues to grow in EXCESS of the debt there isn’t a long term concern.

Unfortunately that has not been the trend the past few years.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71850 posts
Posted on 4/15/20 at 4:07 pm to
quote:

Every American age 16 and older making less than $130,000 annually would receive at least $2,000 per month. Married couples earning less than $260,000 would receive $4,000 per month.

Families with children would get $500 per child per month for up to three children.




Please fricking do this so we can hurry up and end this amazing experiment called America.
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
88509 posts
Posted on 4/15/20 at 4:07 pm to
quote:

That won't pass and we can't afford it.


Right but we can give 1.5 trillion to big business no problem
Posted by Medtiger87
Member since Sep 2019
242 posts
Posted on 4/15/20 at 4:07 pm to
Lol so some married couple with 2 children would get $5000/month, doing nothing extra, in addition to what they already make with their job, assuming they have one?

Yeah ok.
Posted by lsucoonass
shreveport and east texas
Member since Nov 2003
70143 posts
Posted on 4/15/20 at 4:08 pm to
Agh frickkkkkk it

It’s just paper right, it hasn’t been backed by gold in a long time.
Posted by dawgfan24348
Member since Oct 2011
51733 posts
Posted on 4/15/20 at 4:09 pm to
quote:

we can't afford it.

Oh we certainly can if we can afford to bail out wall street we can certainly help working Americans until the quarantine is over
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
88509 posts
Posted on 4/15/20 at 4:12 pm to
quote:

Oh we certainly can if we can afford to bail out wall street we can certainly help working Americans until the quarantine is over


If it helps out Wall Street and big business then it’s common sense investment into America.

If it benefits the working people then we can’t afford it and it’s socialism.
Posted by bobbyleewilliams
Tigertown
Member since Feb 2010
8470 posts
Posted on 4/15/20 at 4:16 pm to
quote:

making less than $130,000 annually
Leaves me out damn it.
Posted by ZULU
Member since Sep 2009
1014 posts
Posted on 4/15/20 at 4:17 pm to
No generation will be able to pay all of this back. The total amount is too great. Cuts to defense spending will not help.
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