- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Deficits are up. How is this conservatism?
Posted on 3/6/19 at 6:23 pm to 90proofprofessional
Posted on 3/6/19 at 6:23 pm to 90proofprofessional
quote:It doesn’t account for a lot of things. But clearly tax cuts and revenues aren’t 1:1.
And that doesn't take inflation into account.
This post was edited on 3/6/19 at 6:24 pm
1
Posted on 3/6/19 at 6:25 pm to LSUFanHouston
It’s not, but since there is only one option on who to vote for as a straight, Christian, white male I’ll keep supporting the republicans.
Posted on 3/6/19 at 6:28 pm to Taxing Authority
quote:
clearly tax cuts and revenues aren’t 1:1
and clearly the tax cuts have caused a net reduction in tax revenue
Posted on 3/6/19 at 6:30 pm to 90proofprofessional
But it is not at all the clear cause in why our deficits have increased
It explains about 20% of the deficit increase
To sit here and blame the TCJA as the primary driver in the deficit increase is preposterous
It explains about 20% of the deficit increase
To sit here and blame the TCJA as the primary driver in the deficit increase is preposterous
Posted on 3/6/19 at 6:32 pm to HailHailtoMichigan!
quote:
But it is not at all the clear cause in why our deficits have increased
the causes are pretty clear- we cut revenues while not only not cutting spending but increasing it
quote:
To sit here and blame the TCJA as the primary driver in the deficit increase is preposterous
has anyone at alldenied that spending has increased as well?
Posted on 3/6/19 at 6:36 pm to LSUFanHouston
quote:Lying with percentages is fun. 8.8% of a small number is a small number. If you exclude the military it’s even smaller.
If we have an 8.8 percent increase in non-discretionary spending, then we have even bigger structural fiscal issues.
Discretionary spending was about $1.28 trillion in 2007. Trump asked for $1.31trillion.
Meanwhile.... Medicare spending has gone from $435B in 2007 to well over $700B in 2018.
Clearly, discretionary spending is the problem here.
Posted on 3/6/19 at 6:41 pm to LSUFanHouston
quote:So... either almost double effective tax rates (you can’t do thst to someone already paying near 50%, so... tax the “middle class” at triple the rates... and extend thst down to everyone making >$20k....
I want Trump to not sign bills that have a deficit.
Or you could cut SS and Medicare and DOD in half...
Why do you hate poor people?
This post was edited on 3/6/19 at 6:43 pm
Posted on 3/6/19 at 6:54 pm to 90proofprofessional
quote:Ooooh looky here. A single variable model for the entire economy. and you’re complaining about inflation being left out?
and clearly the tax cuts have caused a net reduction in tax revenue
This post was edited on 3/6/19 at 6:56 pm
Posted on 3/6/19 at 7:16 pm to Jjdoc
quote:
I will state it again.
- Trump made every dept under his control cut their budget. nope, DOD says hello. Oh.. and Trump committed to at least $0.75 trillion in military spending in 2020... up 150 billion from just 3 years ago
- Trump saved 700 Million for the f-35 deal "According to a five-page Lockheed Martin summary of the program, “In 2014, the DoD announced an industry-led effort called ‘Blueprint for Affordability’ and expanded the effort in 2016 from a $1.8 billion to a $4 billion savings initiative. Also in 2016, it announced the Sustainment Cost Reduction Initiative to save an additional $1 billion savings through 2022. “The goal of these programs is to drive the cost of an F-35A to less than $85 million in 2019, where it will be equivalent to, or less, than any fourth-generation fighter,” the Lockheed summary continued."
- Trump doesn't take a salary. True. 400k a year saved.
- Ending wars that cost Troops are staying in Syria... and we fixing to go to venezuela
- forcing Europe and Nato to pay their fair share
So. Much. Jjbot.
This post was edited on 3/6/19 at 7:28 pm
Posted on 3/6/19 at 7:23 pm to Taxing Authority
quote:
Ooooh looky here. A single variable model for the entire economy. and you’re complaining about inflation being left out?
you got another explanation when tax revenues otherwise always grow with the economy?
oh, and we're not modeling "the entire economy" here. the variable being discussed is tax revenues. there aren't many variables that drive that. you pretty much have: tax rate and taxable base. the taxable base grows in real terms, yet tax revenues don't even grow in nominal terms. oh, what a conundrum
This post was edited on 3/6/19 at 7:26 pm
Posted on 3/6/19 at 7:23 pm to LSUFanHouston
quote:
How can anyone who calls themselves a conservative - Trump Variety or RINO Variety or Establishment Variety - be ok with this? How in the hell are we not cutting spending?
Who the frick do you think is OK with it?
There are no options to vote for
Posted on 3/6/19 at 7:29 pm to 90proofprofessional
quote:Nope. But it’s not my claim. Not my burden to explain.
you got another explanation when tax revenues otherwise always grow with the economy?
quote:Ypure assertion is that the growing economy and rates (on a portion of revenues) are the only causal variables. It’s your claim. Don’t ask me to prove it for you.
oh, and we're not modeling "the entire economy
Your assertion is equivalent to “the ghost proof”. You hear a sound at night. You don’t know what caused it, so you can’t prove it wasn’t a ghost. This... ghosts are real, and now you have evidence!! You heard it!! Your ignorance isn’t proof of anything.
This post was edited on 3/6/19 at 7:39 pm
Posted on 3/6/19 at 7:34 pm to LSUFanHouston
it's hilarious and pitiful that people, looking at you libs, think trump has anything to do with this. there was a deficit GASP, before trump took office?!?!
trump is doing what he is supposed to do - get govt out of the way. congress is supposed to balance the budget but americans are not electing deficit hawks because the voting public wants handouts. politicians who deliver get elected. voila, deficit.
but you libs knew all this already, right?
trump is doing what he is supposed to do - get govt out of the way. congress is supposed to balance the budget but americans are not electing deficit hawks because the voting public wants handouts. politicians who deliver get elected. voila, deficit.
but you libs knew all this already, right?
Posted on 3/6/19 at 7:35 pm to 90proofprofessional
quote:
the variable being discussed is tax revenues. there aren't many variables that drive that. you pretty much have: tax rate and taxable base. the taxable base grows in real terms, yet tax revenues don't even grow in nominal terms. oh, what a conundrum
ypuve left off a ton of things. For example CAPX, which reduces the current tax liabilities, for future growth and revenues. You left off the money repatriated that’s going right back into working capital. You’re leaving off capital good purchases end up with an increasing a company’s depreciation base thus, reducing current tax liabilities. I could go on for days... but really I’ve already exposed you as an unthoughtful simpleton. This post was edited on 3/6/19 at 7:38 pm
Posted on 3/6/19 at 7:52 pm to LSUFanHouston
quote:
How in the hell are we not cutting spending?
Well, the Democrats are always big spending cutters, I look forward to what Nancy gets done as leader
Posted on 3/6/19 at 7:52 pm to Taxing Authority
quote:
Nope. But it’s not my claim. Not my burden to explain.
bullshite; you're the one who mocked the analysis without offering any alternative
quote:
Ypure assertion is that the growing economy and rates (on a portion of revenues) are the only causal variables
That's the formula for tax collections: rate and base. You could easily disprove that by correctly pointing out another dimension
quote:
Your assertion is equivalent to “the ghost proof”
lmao
you won't even try to offer an alternative explanation while INSISTING that one must exist
Posted on 3/6/19 at 7:58 pm to Taxing Authority
quote:
ypuve left off a ton of things. For example CAPX, which reduces the current tax liabilities, for future growth and revenues
now there's a theory
witness the capex boom:
as though even if there were some capex boom it somehow doesn't mean that tax revenues have decreased
you'll find similar patterns, at best, for manufacturer's new orders and shipments, and gross private domestic investment, etc etc etc
This post was edited on 3/6/19 at 8:01 pm
Posted on 3/6/19 at 8:01 pm to Taxing Authority
quote:
This... ghosts are real, and now you have evidence!! You heard it!! Your ignorance isn’t proof of anything.
lol, just lol
Posted on 3/6/19 at 8:07 pm to bfniii
quote:
trump is doing what he is supposed to do - get govt out of the way. congress is supposed to balance the budget but americans are not electing deficit hawks because the voting public wants handouts. politicians who deliver get elected. voila, deficit.
but you libs knew all this already
We knew that lowering taxes on companies and rich people would reduce income and we know that trickle down is still a lie.
Posted on 3/6/19 at 8:09 pm to CelticDog
We got more and income is under 100K 
Page 9 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News