Debt limit
Comments
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We are at the point where we are going to run out of other people's money. The debt trajectory is unsustainable. Either default now with debt at $31.5 trillion or borrow, according to the lying dementia patient, another $20 trillion over the next 10 years and then default. Clear solution is to keep open borders, be the world's welfare magnet and get Team America World's Police involved in eternal wars.
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The U.S. national debt has grown by $8.2 trillion since 2020 and is now $31.5 trillion. This is an average debt of $239,763 for every home in the nation.
Those figures don’t account for the government’s fiscal liabilities and unfunded obligations. When these are included—as government requires in the financial statements of publicly traded corporations—the total federal shortfall is $135 trillion. This is an average burden of more than $1 million per household.
In addition, Biden has proposed a budget framework that will allow the national debt to grow over the next decade by $19.8 trillion, according to his own administration’s projections. -
The democrats and their media are using the 08 playbook. W was in his last days as president when the democrats voted a few trillion in bailouts
Trump was president when the covid trillions were voted. Then Biden rang up another trillion
So low info voters like H can be lied to that the democrats are fiscally responsible
McCarthy has a debt reduction plan on the table that Biden is already lying about
As long as young voters and bored housewives keep assuring us that nothing matters expect more of the same -
RaceBannon said:
The democrats and their media are using the 08 playbook. W was in his last days as president when the democrats voted a few trillion in bailouts
Trump was president when the covid trillions were voted. Then Biden rang up another trillion
So low info voters like H can be lied to that the democrats are fiscally responsible
McCarthy has adebtdeficit reduction plan on the table that Biden is already lying about
As long as young voters and bored housewives keep assuring us that nothing matters expect more of the same -
I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
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If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible -
I like to pretend that spending that hasn’t occurred yet is a bill.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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Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible -
Actually, some of us care more about country than party. None of you do. Like I said, dems' plan is open borders, the US as the world's welfare magnet, wasting money on teacher unions and eternal wars to benefit the MIC.HHusky said:
Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible -
Gasbag says we gotta default, ‘cuz liberals of course.WestlinnDuck said:
Actually, some of us care more about country than party. None of you do. Like I said, dems' plan is open borders, the US as the world's welfare magnet, wasting money on teacher unions and eternal wars to benefit the MIC.HHusky said:
Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible -
Paying bills with a credit card is fine if you get the airline points, double cash back and pay off the balance every month.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible
Buying a house on a credit card, not so smart.
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Gaslight much? You vote for the morons who blame W and Trump for their spending and lie about the GOP wanting to kill grandma to cut spendingHHusky said:
Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible
I want spending cut. And taxes. Cutting taxes increases revenue. Another thing your party lies about all the time
So in conclusion - fuck off -
I didn't see that in there. Just saw an accurate description of youHHusky said:
Gasbag says we gotta default, ‘cuz liberals of course.WestlinnDuck said:
Actually, some of us care more about country than party. None of you do. Like I said, dems' plan is open borders, the US as the world's welfare magnet, wasting money on teacher unions and eternal wars to benefit the MIC.HHusky said:
Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible -
Obviously we need to cut taxes from very low to even lower. Whenever your household expenses grow, you should march right into the boss’s office and demand a pay cut.RaceBannon said:
Gaslight much? You vote for the morons who blame W and Trump for their spending and lie about the GOP wanting to kill grandma to cut spendingHHusky said:
Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible
I want spending cut. And taxes. Cutting taxes increases revenue. Another thing your party lies about all the time
So in conclusion - fuck off -
Look the dumbass has another deflectionHHusky said:
Obviously we need to cut taxes from very low to even lower. Whenever your household expenses grow, you should march right into the boss’s office and demand a pay cut.RaceBannon said:
Gaslight much? You vote for the morons who blame W and Trump for their spending and lie about the GOP wanting to kill grandma to cut spendingHHusky said:
Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible
I want spending cut. And taxes. Cutting taxes increases revenue. Another thing your party lies about all the time
So in conclusion - fuck off -
Madam, the Laffer Curve requires you know where you are on the curve. Cutting marginal tax rates from a high of 37% will not increase tax revenues over what they would have been without a cut. Even the conservative economists concede that.RaceBannon said:
Look the dumbass has another deflectionHHusky said:
Obviously we need to cut taxes from very low to even lower. Whenever your household expenses grow, you should march right into the boss’s office and demand a pay cut.RaceBannon said:
Gaslight much? You vote for the morons who blame W and Trump for their spending and lie about the GOP wanting to kill grandma to cut spendingHHusky said:
Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.RaceBannon said:
If you can't pay your bills you should stop fucking spendingHHusky said:I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
Don't even need to pretend
Democrats pay bills with a credit card. Fiscally responsible
I want spending cut. And taxes. Cutting taxes increases revenue. Another thing your party lies about all the time
So in conclusion - fuck off -
Yes taxes are low said no one ever
Remember the blue states crying like a bitch when Trump took their state income tax exemption away? I do. Remember who gave it back to them? I do
In your convoluted bullshit you admit that cutting to 37% raised revenue. No one is saying 0%
The overall tax burden is over 50%. Some call that low. Retards do that
Anyway cutting taxes raises revenue. I was right
Raising the capital gains over the rest of the world loses jobs and revenue. Guess what Biden wants to do? That's what you vote for -
Can you find anyone who believes tax revenues would be lower if the marginal rate had remained at 39%? If you can, you should try to sell your Silicon Valley Bank stock to him pronto!
Btw, taxes are very low in this country. That’s been true for decades. -
We've already established that I'm right
Thanks for playing -
Always admire your willingness to declare victory. #AlternativeFacts!RaceBannon said:We've already established that I'm right
Thanks for playing -
Don't be a sore loser
Just keep being a loser -
https://taxfoundation.org/do-tax-cuts-pay-themselves/RaceBannon said:Don't be a sore loser
Just keep being a loser
Can a tax cut pay for itself? Most economists would probably agree that the answer is generally “rarely, but usually not.”
And these are the guys on your team, putting the best face possible on tax cuts. -
Pay for themselves
They increase revenue and people keep more of their money
Sounds horrible
Did the trillion dollars on green energy pay for itself?
Keep losing -
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. -
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.
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Like I said I'm rightHHusky 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.
No need to keep embarrassing yourself
Tax cuts bring an economy that increases revenue?
That's what I 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.
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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. -
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? -
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. -
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
