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| Republicans are completely reversing themselves on the deficit; Wassup? | |
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| Tweet Topic Started: Feb 8 2018, 10:08 AM (159 Views) | |
| George Aligator | Feb 8 2018, 10:08 AM Post #1 |
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Republican lawmakers in 2011 brought the U.S. government to the brink of default, refused to raise the debt ceiling, demanded huge spending cuts, and insisted on a constitutional amendment to balance the budget. On Wednesday, they formally broke free from those fiscal principles and announced a plan that would add $500 billion in new spending over two years and suspend the debt ceiling until 2019. This came several months after Republicans passed a tax law that would add more than $1 trillion to the debt over a decade. With all these changes, the annual gap between spending and revenue in 2019 is projected to eclipse $1.1 trillion, up from $439 billion in 2015. And they are expanding the deficit at an unusual time, when the economy is growing and unemployment is low, a dynamic that often leads to shrinking budget gaps. https://www.washingtonpost.com/business/economy/republicans-are-completely-reversing-themselves-on-the-deficit/2018/02/07/1a693872-0c2c-11e8-8890-372e2047c935_story.html?hpid=hp_hp-top-table-main_deficiits-735pm%3Ahomepage%2Fstory&utm_term=.313408a1fdfa |
| Conservatism is a social disease | |
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| Robert Stout | Feb 8 2018, 11:05 AM Post #2 |
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Millions for defense, not one cent for welfare..................
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| Jesus can raise the dead, but he can't fix stupid | |
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| George Aligator | Feb 8 2018, 11:50 AM Post #3 |
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Far too much of defense is welfare for millionaires. |
| Conservatism is a social disease | |
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| thoughtless | Feb 8 2018, 01:06 PM Post #4 |
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And as the interest rate goes up, so does the cost of that debt. Oh well, maybe the young folks in our country will be able to straighten our this mess, once we're dead. I just hope it doesn't get so bad to give them motivation accelerate the death thing. |
| Without geometry, life is pointless. | |
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| George Aligator | Feb 8 2018, 03:05 PM Post #5 |
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The Republican Party seems to be abandoning the fiscal principles which it has held dear for a century. Tax cuts for millionaires and immigration restriction have become the new bedrock. It will be interesting to see if this program can be sold successfully to the people who voted Republican in the last election. |
| Conservatism is a social disease | |
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| StillCrazy1 | Feb 8 2018, 05:43 PM Post #6 |
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!!!!
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Corporate welfare is still welfare. You want to get rid of "pet hamsters" and replace them with rabid hyenas. |
| Ever notice the only 2 people Trump refuses to speak ill of are Stormy Daniels and Vladimir Putin? | |
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| StillCrazy1 | Feb 8 2018, 05:44 PM Post #7 |
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!!!!
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The interest rates going up will reward those who save money. Too bad the only ones able to save and doing so are the 1% |
| Ever notice the only 2 people Trump refuses to speak ill of are Stormy Daniels and Vladimir Putin? | |
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| Coast2coast | Feb 8 2018, 07:04 PM Post #8 |
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What was the Republican Party, that part that operated with honor, integrity, honesty and with principles that were set is no more. Today's conservative party puts their principles, core values and morals on greased rails and they slide them anywhere that their day needs them for an hour to occupy. |
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| jake58 | Feb 8 2018, 07:13 PM Post #9 |
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If the combined govts weren't taking half your money, you'd probably have some to save. Should have asked someone over the last 20 years why state and local taxes have exploded while your income has been flat. |
| That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens | |
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| Coast2coast | Feb 8 2018, 07:21 PM Post #10 |
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You're taxed at 50%??? Geez! :oyvey Who does your taxes? |
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| jake58 | Feb 8 2018, 07:33 PM Post #11 |
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well, there was going to be a downside to an improving economy... guess we should say thanks to everyone who added $15 trillion in debt over the last 18 years and thought it was a good idea... |
| That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens | |
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| jake58 | Feb 8 2018, 07:40 PM Post #12 |
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I pay over $12k just to live in my house thanks to the generosity of the Socialist State of NJ($1250/year when I bought it)... federal income tax, state income tax, 6.625 sales tax, about 60 cents per gallon of gas, I already gave you my property taxes(no kids and I live in a rural area which has virtually no services - no police, fire or trash pickup), licensing fees for my business, car/truck/trailer registrations, tolls for bridges/roads, I'm sure there's dozens more I'm not including... yep, approaching 50% of my income. |
| That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens | |
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| Coast2coast | Feb 8 2018, 07:59 PM Post #13 |
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Didn't President Trump's tax plan just remove some of your deductions? Sounds like you will be yearning for the 50%. I see where you wrote this time that you are approaching 50%. It's going down by the post. Lets keep talking and we will get you down to a refund. |
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| George Aligator | Feb 8 2018, 08:01 PM Post #14 |
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The great thing about the USA is that if you don't like where you live -- move. If you don't like your job -- get another one. Anyone who wants to get rich can do so if they are willing to work hard. If you don't have enough money, that means you are a lazy bum. America is a nation of winners and loser. Losers are always whining about how they can't pay for their kids medical bills or how they can't afford local taxes. That's why they are losers. If you are a loser, you should be a socialist. If you are loser and you back Trump, then you are a stupid loser.
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| Conservatism is a social disease | |
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| Robert Stout | Feb 8 2018, 10:36 PM Post #15 |
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Please...If either Party cared a rat's azz about fiscal responsibility, we wouldn't have a $19 trillion national debt......... :oyvey |
| Jesus can raise the dead, but he can't fix stupid | |
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| Robert Stout | Feb 8 2018, 10:42 PM Post #16 |
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That is why my cousin, a retired cop, moved from NJ to NC......Sounds like you are a slave to NJ and the pet hamsters are your owners.................
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| Jesus can raise the dead, but he can't fix stupid | |
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| George Aligator | Feb 9 2018, 10:34 AM Post #17 |
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Republicans and Democrats have quite different records when it comes to the national debt. The party of tax-and-spend tends to lower the annual deficit and has even reduced the total debt at times. The party of borrow-and-spend has doubled the national debt over and over. The record is clear. Do you need a link? |
| Conservatism is a social disease | |
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| Robert Stout | Feb 10 2018, 01:58 AM Post #18 |
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The three biggest winners of President's increasing the national debt are---- Woodrow Wilson-----727% increase FDR ----1,048% increase Reagan----186% increase |
| Jesus can raise the dead, but he can't fix stupid | |
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| George Aligator | Feb 10 2018, 10:25 AM Post #19 |
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Presidents operating under a declared state of war are not eligible to complete under current contest rules. |
| Conservatism is a social disease | |
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| Robert Stout | Feb 10 2018, 09:58 PM Post #20 |
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You can't change the rules mid stream....You lose.............
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| Jesus can raise the dead, but he can't fix stupid | |
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If you don't like your job -- get another one. Anyone who wants to get rich can do so if they are willing to work hard.
If you don't have enough money, that means you are a lazy bum. America is a nation of winners and loser. Losers are always whining about how they can't pay for their kids medical bills or how they can't afford local taxes.
That's why they are losers. If you are a loser, you should be a socialist. If you are loser and you back Trump, then you are a stupid loser.
4:48 AM Jul 11