Debt limit
Comments
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It was like magic. The dementia patient thought an incantation that Milton Friedman wasn't in charge anymore would work. The dazzler voted for this and open borders, US World Welfare Magnet, money for chicom solar panels, batteries and wind turbines and shutting down US oil and gas production.RaceBannon said:
Not magic at allHHusky said:
So do tax increases. It's all magic . . . for the Evergreen State grads.RaceBannon said:HHusky said:To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
Tax cuts bring an economy that increases revenue?
Too bad your party crashed the economy and elected a corrupt dementia addled pedo
Feel the magic -
Oh. So, they pay no taxes in Norway, 'cuz oil?.WestlinnDuck said:
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.HHusky said:
Yes, I just returned from Norway.WestlinnDuck said:It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Watching those poor people living under the yoke of socialism was so sobering. -
Imagine being Dazzler, you must defend all of the lies of a shit party that hates America and can only survive if they pit Americans against each other.
You have to be a lying POS with zero conscience and be devoid of any self pride. -
Funny how some think it's right for the 1% to pay 50% of the tax revenue.
Comrades love other people's money. -
Imagine being this stupidHHusky said:
Oh. So, they pay no taxes in Norway, 'cuz oil?.WestlinnDuck said:
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.HHusky said:
Yes, I just returned from Norway.WestlinnDuck said:It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Watching those poor people living under the yoke of socialism was so sobering. -
Well if you had a real MBA you would know that oil generates royalties to the state (Norway) and that the oil companies have to pay corporate income taxes on the income generated in Norway. Norway has a 22% corporate income tax rate (21% US corporate income tax rate). Your team Tax and Spend wants to jack up the US corporate rate. So, rather than deal with the actual fact that Norway generates a huge amount of revenue from allowing for oil and gas exploration you preferred to phuck some strawman ass as usual. You also ignored the fact that your team has throttled US oil and gas production and saddled the American consumer with huge costs for expensive, dirty and not reliable solar and wind energy.HHusky said:
Oh. So, they pay no taxes in Norway, 'cuz oil?.WestlinnDuck said:
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.HHusky said:
Yes, I just returned from Norway.WestlinnDuck said:It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Watching those poor people living under the yoke of socialism was so sobering. -
That's a lot of common sense for the Tug.greenblood said:It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll. -
The tug gets a bad wrap. Better discussion than you get on cable news and all the name calling
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We have plenty of revenue. We have a spending problem. Increased revenue doesn't result in any program improvements. You just get more government involvement to make the supposed problem worse. Just look at the spending curve and the deterioration of public education. Hundreds of billions for expensive, dirty, non-reliable "renewable" energy.Fire_Marshall_Bill said:
That's a lot of common sense for the Tug.greenblood said:It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll. -
Like Greenblood said, we spend way too much on the military. Yes, education spending is out of control. It's not really going to the teachers or students, either.WestlinnDuck said:
We have plenty of revenue. We have a spending problem. Increased revenue doesn't result in any program improvements. You just get more government involvement to make the supposed problem worse. Just look at the spending curve and the deterioration of public education. Hundreds of billions for expensive, dirty, non-reliable "renewable" energy.Fire_Marshall_Bill said:
That's a lot of common sense for the Tug.greenblood said:It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll. -
An all time favorite: As longtime union boss Albert Shanker infamously said, “When school children start paying union dues, that’s when I’ll start representing the interests of school children.”Fire_Marshall_Bill said:
Like Greenblood said, we spend way too much on the military. Yes, education spending is out of control. It's not really going to the teachers or students, either.WestlinnDuck said:
We have plenty of revenue. We have a spending problem. Increased revenue doesn't result in any program improvements. You just get more government involvement to make the supposed problem worse. Just look at the spending curve and the deterioration of public education. Hundreds of billions for expensive, dirty, non-reliable "renewable" energy.Fire_Marshall_Bill said:
That's a lot of common sense for the Tug.greenblood said:It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll. -
So fucked up, but trueWestlinnDuck said:
An all time favorite: As longtime union boss Albert Shanker infamously said, “When school children start paying union dues, that’s when I’ll start representing the interests of school children.”Fire_Marshall_Bill said:
Like Greenblood said, we spend way too much on the military. Yes, education spending is out of control. It's not really going to the teachers or students, either.WestlinnDuck said:
We have plenty of revenue. We have a spending problem. Increased revenue doesn't result in any program improvements. You just get more government involvement to make the supposed problem worse. Just look at the spending curve and the deterioration of public education. Hundreds of billions for expensive, dirty, non-reliable "renewable" energy.Fire_Marshall_Bill said:
That's a lot of common sense for the Tug.greenblood said:It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll. -
Weren’t we supposed to be out of money today?
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That's been kicked down the road.Bob_C said:Weren’t we supposed to be out of money today?
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All time bone head post. Keep incurring debt, claim you need to take more loans to pay off the debt while spending at unprecedented levels and claiming those who want to reduce the debt are the bad guys. Jeezus, hh and the rats are idiots.HHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
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And the dazzler claims to be an MBA. Nothing says success like negative cash flow and increasing debt levels. Pretty sure that the dazzler was consulting with Bed, Bath & Beyond. Good thing the dazzler supports a dementia patient that claimed to have repealed Econ 101 and proclaimed that Friedman was no longer in charge.Bendintheriver said:
All time bone head post. Keep incurring debt, claim you need to take more loans to pay off the debt while spending at unprecedented levels and claiming those who want to reduce the debt are the bad guys. Jeezus, hh and the rats are idiots.HHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
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The debt limit is the least interesting political thing I can remember
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It might be boring, but it's important.Pitchfork51 said:The debt limit is the least interesting political thing I can remember
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So if I had never heard a single thing about it what would have changed with my life? Nothing.Fire_Marshall_Bill said:
It might be boring, but it's important.Pitchfork51 said:The debt limit is the least interesting political thing I can remember
