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Started By
Message
re: Trump Spending Twice as Fast as Earning
Posted on 11/13/18 at 7:13 pm to Ebbandflow
Posted on 11/13/18 at 7:13 pm to Ebbandflow
But revenue is up from Obama years. We have an entitlement spending issue. Grows faster then GDP
0
Posted on 11/13/18 at 7:16 pm to Ebbandflow
quote:
Ebbandflow
Your bleed has been noted
Posted on 11/13/18 at 7:19 pm to SlapahoeTribe
That's right. Republicans since Reagan would rather run up a bunch of debt than actually pay for things like massive military spending and tax cuts for their rich donors.
Posted on 11/13/18 at 7:22 pm to TigersFan64
quote:
That's right. Republicans since Reagan would rather run up a bunch of debt than actually pay for things like massive military spending and tax cuts for their rich donors.
Exactly. Yes, tax cuts lead to more growth. People have more money to spend on things. And yes, spending more on the military leads to growth. It's literally a component of GDP.
We're taking on debt in order to boost GDP. We are literally financing growth.
Posted on 11/13/18 at 7:25 pm to HailHailtoMichigan!
happens every time taxes are cut...
Posted on 11/13/18 at 7:25 pm to HailHailtoMichigan!
No. Trump and hacks like Kudlow promised that the economy would grow at a rate that would offset all the massive spending increases Trump and the Republican-controlled Congress enacted. It hasn't and won't. As usual, lemmings like you just make excuses for Trump's fiscal irresponsibility that has made the federal deficit/debt crisis much worse.
Posted on 11/13/18 at 7:26 pm to HailHailtoMichigan!
quote:
Where are you getting your numbers, btw? This is from IBD from oct 16, 2018:
The treasury has a monthly breakdown of spending
LINK
quote:
Revenues are 5% higher this calendar year.
Yeah, because we had several months without the tax cuts. Plus, repatriations.
Posted on 11/13/18 at 7:27 pm to cahoots
No, the 5% specifically excludes any revenue gained before tax cut
Posted on 11/13/18 at 7:29 pm to HailHailtoMichigan!
quote:
No, the 5% specifically excludes any revenue gained before tax cut
Did you click on my link? Open up september 2017 and compare it to september 2018. Revenues are LOWER in 2018 despite a whole year of growth in wages, etc.
Posted on 11/13/18 at 7:29 pm to TigersFan64
The deficit is growing at a rate the CBO exactly predicted back in 2011 when it did its 10 year forecasts
Posted on 11/13/18 at 7:31 pm to TigersFan64
quote:
No. Trump and hacks like Kudlow promised that the economy would grow at a rate that would offset all the massive spending increases Trump and the Republican-controlled Congress enacted.
No. They were sold as the growth in the economy would offset the tax cuts, not that the tax cuts would magically pay for everything.
Everyone knew that the spending increases would cost more. Hence Trump telling congress that he wouldn't be signing another spending bill like that again.
You're trying to conflate the two.
Posted on 11/13/18 at 7:31 pm to Ebbandflow
Go frick yourself. What idiot likes paying taxes? Must be a taker and not a giver. Surprise.
Posted on 11/13/18 at 7:33 pm to Nguyener
Social Security is money the government borrowed from individuals and must be repaid on demand after such individuals reach a certain age. I loaned the government the maximum amount for over 50 years and at the going rate of interest at the times of my and my employer's loans to them on my behalf (instead of paying me) they owe me millions of dollars. I would be thrilled to discuss a settlement with the crooks who borrowed from me and pissed it away on student loans to dead beats and worse.I would settle for say $2 million in cash in a plain brown wrapper and call the whole thing even. So your idea that the government should "cut" what they owe me is invalid.
This post was edited on 11/13/18 at 7:49 pm
Posted on 11/13/18 at 7:34 pm to HailHailtoMichigan!
quote:
The deficit is growing at a rate the CBO exactly predicted back in 2011 when it did its 10 year forecasts
LINK
Is this what you mean? It's projecting a budget deficit of $259 billion in FY 2019
Posted on 11/13/18 at 7:37 pm to cahoots
Hmm, i thought I remember reading a CBO estimate that predicted the deficit would briefly fall and then begin riding again
Posted on 11/13/18 at 7:50 pm to SlapahoeTribe
As usual, rightwing lemmings like you are obfuscating because the facts do not line up with your vision of reality. The fact is, the massive tax cuts for corporations and the wealthy have not done what Trump promised, which was the economy would grow at upwards of 4% per year and pay for it all.
Posted on 11/13/18 at 7:53 pm to TigersFan64
The economy is set to grow at its fastest pace since 2004 this year
Wages are increasing at fastest rate in 10 years
Wages are increasing at fastest rate in 10 years
Posted on 11/13/18 at 7:58 pm to SlapahoeTribe
quote:
"have to pay for tax cuts."
Tax cuts produce more revenue because eventually you have more people paying taxes and investing in the economy
Posted on 11/13/18 at 8:43 pm to Seldom Seen
quote:
TRUMP can't spend money only congress can.
So if he knows that and gave tax cuts anyway then how does that make it any better?
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