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Started By
Message
re: Cost of GOP tax plan could exceed $2 trillion
Posted on 12/18/17 at 2:39 pm to Prince_Hakeem
Posted on 12/18/17 at 2:39 pm to Prince_Hakeem
quote:
Name me the last president that didn’t have 10 trillion in spending?
Pretty sure he meant $10T in deficit spending - and nobody ever had that. Not even close - that's all combined for all prior 43 Presidents. Impressive.
0
Posted on 12/18/17 at 2:59 pm to Prince_Hakeem
Part 2 has to happen an that I cutting spending.
Posted on 12/18/17 at 3:10 pm to Prince_Hakeem
Oh noz the gov with 2 trillion less of stolen money
Posted on 12/18/17 at 3:14 pm to gthog61
Correct me if I am wrong, but each time there have been significant tax cuts I believe tax monies collected were higher than before. Now if we are collecting more the cuts would not be the cause of higher deficits.
Posted on 12/18/17 at 3:21 pm to Prince_Hakeem
quote:
Cost of GOP tax plan could exceed $2 trillion
The government spends 4 trillion dollars a year. Cut $200 billion out of that for 10 years. There, problem solved.
Posted on 12/18/17 at 3:26 pm to Prince_Hakeem
Then tell your buddy the government to spend less. Cost more? More like they won't be taking more.
Posted on 12/18/17 at 3:28 pm to Prince_Hakeem
Obama's stimulus added almost $800 billion to the deficit every year (because it kept getting rolled into the subsequent CRs).
I don't recall a lot of wailing and gnashing of teeth about that from the Dems
I don't recall a lot of wailing and gnashing of teeth about that from the Dems
Posted on 12/18/17 at 3:29 pm to Prince_Hakeem
My prediction of a future quote that will probably be said this week.
"OMFG. How many people will DIE in the streets , if this tax bill passes? OMFG!. BILLIONS of people will die!!! "
-some dumbass democrat politician.
"OMFG. How many people will DIE in the streets , if this tax bill passes? OMFG!. BILLIONS of people will die!!! "
-some dumbass democrat politician.
Posted on 12/18/17 at 3:31 pm to MontyFranklyn
quote:
I'd ultimately try to figure out ways to make people self sufficient and not need government financial assistance at all.
Posted on 12/18/17 at 3:44 pm to CelticDog
Celtic, I am okay with that.
I’ve been begging to get out of SSec and Medicaid for everyone under 35.
I’ll never see that money
I’ve been begging to get out of SSec and Medicaid for everyone under 35.
I’ll never see that money
Posted on 12/18/17 at 3:46 pm to Prince_Hakeem
quote:
cost
Taking someone’s money costs them. There is no cost involved when the money is returned.
Posted on 12/18/17 at 3:51 pm to CelticDog
quote:
The only way the trillion proposed giveaway to the rich works is to end medicare and social security for the young.
Works for me (I'm in my early 30s).
Posted on 12/18/17 at 4:11 pm to Prince_Hakeem
So Obama raised the debt 10 trillion over 8 years, and that was "OK", but Trump might raise it 2 trillion more in ten years and it is "bad"????
Hmmmmmmmmmm
Hmmmmmmmmmm
Posted on 12/18/17 at 4:42 pm to TrueTiger
You know what else has never happened? Tax cuts spurring enough growth to offset the deficits caused by the tax cuts.
It
Has
Never
Happened
And please don't say Reagan, because he ended up having to raise taxes later on due to the deficits his tax cuts caused. And look what drastically cutting taxes in Kansas did for them. They are just now beginning to sort out the fricking fiscal mess that moron Sam Brownback left in his wake with his "trickle-down" economics bullshite.
It
Has
Never
Happened
And please don't say Reagan, because he ended up having to raise taxes later on due to the deficits his tax cuts caused. And look what drastically cutting taxes in Kansas did for them. They are just now beginning to sort out the fricking fiscal mess that moron Sam Brownback left in his wake with his "trickle-down" economics bullshite.
Posted on 12/18/17 at 4:46 pm to Prince_Hakeem
quote:
before factoring in economic growth.
lol. This is like saying “I had 100% A...before I took the first test and got an F.”
Posted on 12/18/17 at 5:08 pm to olddawg26
quote:And conservatives suddenly don't care about the deficit, which has been a major concern of Republicans for quite some time. Both political parties suck. Don't believe the rhetoric. Neither party cares about the middle class.
Are liberals pretending to give a shite about spending now? Right on cue.
Posted on 12/18/17 at 5:12 pm to The Pirate King
quote:The article makes it clear that the tax reform will not pay for itself through economic growth per the analysis performed by a conservative leaning agency. This means that the increased taxes collected from the projected GDP growth will be lower than the cash outflows from the government, which means we will have to borrow more money.
Lol. This is like saying “I had 100% A...before I took the first test and got an F.”
Posted on 12/18/17 at 5:17 pm to TigersFan64
quote:This is a theory you learn in Econ. 101 that supports lower taxes/free trade. It's theoretical and doesn't capture all of the realities of how markets behave in the real world. Yet, we have ardent believers that think lowering taxes will always pay for itself. Sure, this can happen. It can also not happen. It's a risky proposition.
You know what else has never happened? Tax cuts spurring enough growth to offset the deficits caused by the tax cuts. It Has Never Happened And please don't say Reagan, because he ended up having to raise taxes later on due to the deficits his tax cuts caused. And look what drastically cutting taxes in Kansas did for them. They are just now beginning to sort out the fricking fiscal mess that moron Sam Brownback left in his wake with his "trickle-down" economics bullshite.
This post was edited on 12/18/17 at 5:21 pm
Posted on 12/19/17 at 12:03 pm to PointsInCase
quote:
This is a theory you learn in Econ. 101 that supports lower taxes/free trade. It's theoretical and doesn't capture all of the realities of how markets behave in the real world. Yet, we have ardent believers that think lowering taxes will always pay for itself. Sure, this can happen. It can also not happen. It's a risky proposition.
It sure didn't work with the G.W. Bush tax cuts, the tax cuts in Kansas under Brownback, or the tax cuts her in Louisiana under Jindal. All led to massive fiscal deficits. "Trickle down" is a crap theory basically designed to rationalize giving big tax cuts to the donor class. It never has given enough economic growth to offset the hole it blows in the budget.
Posted on 12/19/17 at 12:15 pm to Prince_Hakeem
Even the most conservative projections brought forth by Republicans have it increasing the debt.
But hey! Let’s rally around “it could”.
But hey! Let’s rally around “it could”.
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