re: Trump's budget is $2.7T in spending cuts, promises to erase deficit in 15 years

So now democrats will be against spending cuts . Last week it was dept is bad and Trumps fault . Now they will say Trump is being racist for making spending cuts .

quote:

---

Or do you want to take all the revenues from SSN and Medicaid and use them to support more military?

---

How about cutting down on that $113 billion expense every year that illegals cost you and me? You good with that?

quote:

---

entitlements also generate revenue

---

Only in the sense that they tax money from likely savers and distribute it to likely spenders,.

quote:

---

The tax cuts simply cut revenue.

---

Yeah, that’s completely false.

Similar promises: The check is in the mail and I'll still love you in the morning.

The growth of US debt will not only continue, it will accelerate whenever taxes are cut and military spending increased.

quote:

---

Trump tax cuts cost roughly $150 billion per year. Entitlement spending costs roughly $1.9trillion per year.
entitlements also generate revenue. The tax cuts simply cut revenue.

---

Oh really, lets take a look at the numbers from last year.

quote:

---

Democrats scoffed at Republicans who said the Trump tax cuts would at least partially pay for themselves through higher economic growth. But it looks like the GOP had it right all along, as revenues climb.

The latest monthly budget report from the nonpartisan Congressional Budget Office finds that revenues from federal income taxes were $76 billion higher in the first half of this year, compared with the first half of 2017. That's a 9% jump, even though the lower income tax withholding schedules went into effect in February.

The CBO says the gain "largely reflects increases in wages and salaries."

For the fiscal year as a whole — which started last October — all federal revenues are up by $31 billion. That's a 1.2% in increase over last year, the CBO says.

---

LINK

Now lets take a look at the numbers from previous tax cuts in American history.

quote:

---

The following graph clearly reveals the answer. The red line represents the top marginal tax bracket while the blue line shows the total amount of Federal government revenue each year. There are two salient points here. First, as the graph illustrates, as tax rates declined, government revenue increased. Second, there is a strong negative correlation between the two. To review, correlation measures the relationship between two sets of data. The scale ranges from negative one to positive one. A correlation of positive one indicates that the two data sets move in concert with each other. A correlation of negative one indicates that as one set of data moves up, or down, the other moves in the opposite direction. Using the data from 1913 through the end of 2011, the correlation between the maximum marginal income tax bracket and total Federal receipts is a negative 0.50. In simple terms, when taxes are cut, Federal revenue has a very strong tendency to rise! And when taxes are raised, government revenue has a strong tendency to fall.

---

quote:

---

The next time you find yourself engaged in this debate and someone tells you that you that taxes must be raised to pay down the debt, you can refer them to this article. In conclusion, as JFK, Reagan, and George W. Bush understood, reducing taxes has a stimulative effect on economic activity which leads to an increase in government reciepts. You can't argue with history!

---

LINK

According to the #s and history; you and your talking points are wrong.

quote:

---

Or do you want to take all the revenues from SSN and Medicaid and use them to support more military?

---

No I want to reform them all. That way Medicare does not spend $52 billion in waste like it did in 2017, Medicaid would not spend $140 billion in waste and fraud like it did in 2016,, and do not even get me started on waste in military spending.

Lets use FY2016 as an example, the deficit was $587 billion, but government watchdog organizations identified over $650 billion in wasteful spending. If we could eliminate wasteful spending, we would have had a $63billion surplus.

So bottom line, is the government has a spending problem. You and your little liberal friends can take your talking points and go eat crow.

quote:

---

It's about time us taxpayers got a little relief.

---

The problem is the “middle class” isn’t paying jack isht. It’s all “the rich” carrying the burden. They are far too small of a minority to win elections. There will be no relief.

This is such a poor graphic. It only shows ONE tax bracket. The “middle class” is paying far less than it used to. Which is a strong rdifferentiator for revenue.

Nor does it show changes to deductions and shelters. No one paid 90% marginal rates unless they were imbeciles. Hell, most of “the rich” would pay far less at those 90% rates AND deductions were restored.