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11 Trillion Reasons To Fear Joe Biden's Presidency

from Republicans never a word about a republican president's deficit spending

but listen to the wailing and nashing of teeth about a democrats deficits


You're correct(thumbs up)
 



Yup. Prepare for massive spending and tax increases. This is the hell the dems will be putting forth. CA and NY is already out of cash because of dem leadership, and so will the rest of America.

I voted LP, but if you dont like third parties, then vote Trump- anything but Creepy Joe.

On top of that......people will take their assets out of the USA!


 
Individuals would have more money- its as simple as that.

And government would have none/little. What would voluntary taxes do the the US credit rating? How would government plan long-term spending and investment when they don't know how much they'll get from year to year? How would the military, police, and government be funded?
 
Hey man, Tax cuts or no tax cuts that was going to happen

It happened faster with the tax cuts. The best paid 20% of the United States have plenty of money. The government needs that money. I want those people to be given substantial tax increases.
 
Individuals would have more money- its as simple as that.

Life for most people would be "nasty, brutish and short." Even the rich would have to pay a lot of money to live in compounds with private security, private electric generators and and private water purification. When they left their compounds they would need to be escorted by armed guards.
 
The rich certainly do. They are the only people who have benefited from the Republican mania for cutting taxes for the rich.
This is what happens in socialist countries and other liberal countries. They confiscate the money from "the rich" first and get the public happy and then they find it is not nearly enough, as will be the case with the incredible sending that Harris/Biden want. Then they need to tax other people. First, all making over 100K a year, When that is not enough, everyone's taxes go up. We are already in so much debt we cannot cover it without incredible inflation or taxes on all.

The leftists here call it investment and we'll get a return. They ever took economics.
 
This is what happens in socialist countries and other liberal countries. They confiscate the money from "the rich" first and get the public happy and then they find it is not nearly enough, as will be the case with the incredible sending that Harris/Biden want. Then they need to tax other people. First, all making over 100K a year, When that is not enough, everyone's taxes go up. We are already in so much debt we cannot cover it without incredible inflation or taxes on all.

The leftists here call it investment and we'll get a return. They ever took economics.
If we keep this up we will end up like Norway....hey...that would be great!
 
This is what happens in socialist countries and other liberal countries. They confiscate the money from "the rich" first and get the public happy and then they find it is not nearly enough, as will be the case with the incredible sending that Harris/Biden want. Then they need to tax other people. First, all making over 100K a year, When that is not enough, everyone's taxes go up. We are already in so much debt we cannot cover it without incredible inflation or taxes on all.

The leftists here call it investment and we'll get a return. They ever took economics.

Democrat presidents have only cut taxes for the rich once. Usually they raise taxes for the rich. Democrat presidents also have better records for job creation and growth in the percapita gross domestic product (GDP) in 1996 dollars. Even the stock market performs better.
 



Yup. Prepare for massive spending and tax increases. This is the hell the dems will be putting forth. CA and NY is already out of cash because of dem leadership, and so will the rest of America.

I voted LP, but if you dont like third parties, then vote Trump- anything but Creepy Joe.
Jezz. I heard the same fear mongering in 2008, when Obama was running for the first time.
Then, the same fear mongering in 2012, when he ran for re-election.
10 disasters America will face if Obama gets a second term
 
Democrat presidents have only cut taxes for the rich once. Usually they raise taxes for the rich. Democrat presidents also have better records for job creation and growth in the percapita gross domestic product (GDP) in 1996 dollars. Even the stock market performs better.
Let me ask you a very simple question.

If a "rich person" (someone who makes over $400,000.00 a year gets to keep an extra $20,000.00 a year, what does he do with it?
 
Let me ask you a very simple question.

If a "rich person" (someone who makes over $400,000.00 a year gets to keep an extra $20,000.00 a year, what does he do with it?
He often just keeps it. He just builds up his estate to give to his heirs
 



Yup. Prepare for massive spending and tax increases. This is the hell the dems will be putting forth. CA and NY is already out of cash because of dem leadership, and so will the rest of America.

I voted LP, but if you dont like third parties, then vote Trump- anything but Creepy Joe.

Oh come on. After you people have applauded the record spending and debt of the Trump era now suddenly you are fiscally worried again?
 
Jezz. I heard the same fear mongering in 2008, when Obama was running for the first time.
Then, the same fear mongering in 2012, when he ran for re-election.
10 disasters America will face if Obama gets a second term
It was pretty disasterous.
 
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Let me ask you a very simple question.

If a "rich person" (someone who makes over $400,000.00 a year gets to keep an extra $20,000.00 a year, what does he do with it?
That depends on the rich person.

46415ff79c2ae43c8c591a76e042193e.jpeg
 
Yup. Prepare for massive spending and tax increases. This is the hell the dems will be putting forth. CA and NY is already out of cash because of dem leadership, and so will the rest of America.

I voted LP, but if you dont like third parties, then vote Trump- anything but Creepy Joe.

My friend, it would be nice to agree but I cannot this time.

The main reason is the fiscal condition of the nation headed into this election is largely the fault of Trump and the previous 115th Congress. If the economy was so "great" there would be no reason for increased spending and decreased taxes, but they did it anyway and now we carry massive deficits into an aggregate demand fault caused by Covid. We no have no choice but to dig our way out which means additional spending to deal with things previous Congresses (both Republican controlled and split back to the Obama years) largely ignored.

Now I'll agree that Biden's taxation policy is purely political with zero real economic benefit for the conditions we are in now, but at some point taxes on the highest wealth will need to come back into the picture. Deficits have to be reduced at some point once the economy is stable enough to rely on business investment and consumer spending. We are not there yet but it will happen within the next 1-2 Congresses.

And that ultimately brings me to the point on who really controls the purse strings, we should be talking about which party controls the next couple of Congresses as that will be where we find something produced for any President to sign. Taxation and spending direction will end up decided there.

Lastly, States cannot control the dollar or interest rates... the Federal government on the other hand has influence there.
 
Well, it's 3 trillion to address climate change, which would have been much much much less if conservatives had taken it seriously decades ago.
How so? You don't actually think that spending 3 trillion dollars is going to effect the climate do you?
 
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Let me ask you a very simple question.

If a "rich person" (someone who makes over $400,000.00 a year gets to keep an extra $20,000.00 a year, what does he do with it?
He squirrels it away in an offshore tax haven with the rest of his cash, none of which will ever see America.
 
He squirrels it away in an offshore tax haven with the rest of his cash, none of which will ever see America.
You never do support what you post and this time is no exception. so, someone who makes $400,000.00 a year pays an extra $20,000.00 in taxes and that does what?

It gives it to the government to waste it on more cubicle workers who watch porn all day long while writing reports about why masks don't work, and then what masks may work. tyhat moneyu the government gets does nothing except create yet another government job that is paid for by the private sector.

So, instead of that "rich" guy being able to remodel his kitchen, bath, pool, yard, buy a newer car, all of which crate jobs for the PRIVATE sector, those people in construction, auto making upholstery, pool building have no jobs or fewer jobs and less money.
 
It was pretty disasterous (sic).
Yeah, you're right. The Obama presidency was disastrous. Because of his disastrous policies the uninsured rate fell to modern time record lows; the Great Recession, that he inherited, was ended; the deficit was reduced by 75% and America became a net exporter of petroleum.

How did we ever survive it?
 
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