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re: Where Does One US Tax Dollar Go?

Posted on 4/13/24 at 9:04 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422237 posts
Posted on 4/13/24 at 9:04 am to
quote:

I can’t imagine being disingenuous enough to equate Trump and Biden.

You equated a more conservative position than Trump with Biden, so I don't see how.
Posted by bird35
Georgia
Member since Sep 2012
12161 posts
Posted on 4/13/24 at 9:12 am to
So 13% “Income security” + 14% Medicare of which most of that goes to Medicaid our largest expense is people who don’t work.

Well, I guess those judge shows aren’t going to watch themselves.

Posted by jimmy the leg
Member since Aug 2007
34081 posts
Posted on 4/13/24 at 9:16 am to
quote:

You equated a more conservative position than Trump with Biden, so I don't see how.


I explained how.

You chose to ignore a logical explanation to promote a bullshite narrative.

That says a lot about you.
Posted by Bass Tiger
Member since Oct 2014
46009 posts
Posted on 4/13/24 at 9:33 am to
I would like to see a detailed audit of the current $35 trillion of US debt, I'm sure the audit would prove our government is looking out for the citizenry's best interests.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422237 posts
Posted on 4/13/24 at 9:36 am to
quote:

You chose to ignore a logical explanation to promote a bullshite narrative.


I didn't ignore it, I captioned it. You then said something stupid.

I only "equated Trump and Biden" within YOUR "logical explanation".

You do realize that within the framework of your alleged "logical explanation", this comment stands, right?

quote:

You equated a more conservative position than Trump with Biden, so I don't see how.


So, why did you equate a more conservative position than Trump with Biden?

How is that not "disingenuous"? More disingenuous, in fact, than the closer-related Trump and Biden?

The point is, your "logical explanation" was bad, and this reaction was much worse. You may want to rethink your comments...or feel free to triple down and explain the above.
Posted by BestBanker
Member since Nov 2011
17474 posts
Posted on 4/13/24 at 9:37 am to


15% goes to what government is supposed to do for the people.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68285 posts
Posted on 4/13/24 at 9:47 am to
quote:

Do the math and tell me what kind of economic growth we need to overcome the deficit and debt issues.


Cap the federal budget at 2 trillion per year.

The debt will be gone in 20 years.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123851 posts
Posted on 4/13/24 at 9:57 am to
quote:

so I don't see how.
It depends on the definition of "conservative," doesn't it? E.g., Blue Laws are not conservative, though by-and-large they are passed and supported by "conservatives."

Economic stability and decreasing the debt are conservative. With regard to the latter, decreasing spending and raising revenue are the tools at hand. Raising revenue implies economic growth and or tax increase. The problem is tax increase and economic growth are often oppositional precepts.

The separation of Biden and Trump is understanding the latter. Granted, Trump is more populist/libertarian than conservative. But an economic equation of Trump with Biden is simpleminded.

I suspect your larger point is that, in the past, at lower debt levels, inflation was a means of devaluing the debt. If inflation exceeded borrowing costs, debt was de facto diminished. As we approach fiscal dominance, we no longer occupy that paradigm. Progressive taxation excluding half the country will not solve it.

It is not evident our Congressional big spenders in either party fully understand the situation, or if they do, they are unwilling to come to grips with it. At least GOP'ers are willing to discuss it though. But when they do, they lose elections due to PPP (Progressive Propaganda Press) coverage. That coverage also continues to mask or severely deemphasize the threat of fiscal dominance from the public. Unless PPP messaging changes, it is going to require an existential crisis to shift our spending habits.
Posted by jimmy the leg
Member since Aug 2007
34081 posts
Posted on 4/13/24 at 10:01 am to
quote:

You equated a more conservative position than Trump with Biden, so I don't see how.


You quoted yourself…a quote without real merit.

Again, equating Trump to Biden is a disingenuous take.

You do you though.
Posted by jimmy the leg
Member since Aug 2007
34081 posts
Posted on 4/13/24 at 10:02 am to
quote:

Trump is more populist/libertarian than conservative. But an economic equation of Trump with Biden is simpleminded.


This.
Posted by Achilles Hill
Member since Mar 2024
233 posts
Posted on 4/13/24 at 10:06 am to
quote:

Unless PPP messaging changes, it is going to require an existential crisis to shift our spending habits.


This is a great response and the last sentence is spot on.

The ticking time boom of our fiscal system will cause a great deal more damage than who is elected president next.


Congress does not have the stomach to address it so off the cliff we will go.

Nobody is too big to fail.
Posted by Hooligan's Ghost
Member since Jul 2013
5186 posts
Posted on 4/13/24 at 10:10 am to
0% for waste fraud and abuse?

pretty efficient
Posted by frogtown
Member since Aug 2017
5003 posts
Posted on 4/13/24 at 10:59 am to
quote:

Trump is more populist/libertarian


What Trump view points are libertarian? List some.
Posted by Bass Tiger
Member since Oct 2014
46009 posts
Posted on 4/13/24 at 11:07 am to
quote:

t is not evident our Congressional big spenders in either party fully understand the situation, or if they do, they are unwilling to come to grips with it. At least GOP'ers are willing to discuss it though. But when they do, they lose elections due to PPP (Progressive Propaganda Press) coverage. That coverage also continues to mask or severely deemphasize the threat of fiscal dominance from the public. Unless PPP messaging changes, it is going to require an existential crisis to shift our spending habits.


The federal government could be reduced by 50% over a 5-10 year period and many of the wasteful bureaucracies in DC could be abolished.

The states should only be sending the necessary money/taxes to defend the nation from foreign hostilities and to fund huge national infrastructure projects. The only other things I may agree on are shared national interests such as space exploration and other advanced technology endeavors.

This ^^^^ approach of putting the states
largely in control of their tax revenues would reduce the wasteful spending by the Federal government by hundreds of billions every year.
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