Democrats push to eliminate the debt ceiling, allow unlimited government borrowing

[Conservative]

Umm conservative..
The states that pay high state income taxes?.
Also generally send in more money to the federal government in taxes than they get back from the federal government.
You need to do a lot more research on taxes and then get back to the group.

LOL, now when you deduct those high state taxes from your federal return but then again you keep making that bogus claim about dollars coming back to the state ignoring the difference between income taxes going to the federal govt' and dollars going back to the states to fund federal mandates. You ever going to tell us what those dollars going back to the state fund as I have posted it many times. Do you think the state taxpayers should be funding federal expenses for things like Medicare, Military bases and other federal social programs mandated by the Congress?

Research seems to be your problem not mine

 

[Conservative]

Everyone knows that if your company was growing at 5 percent and you slash prices and yet growth remains the same?.
You hurt revenue because you would have made more if you had just left prices alone.
Deny that.

What you ignore are the budget line items causing the deficit and what taxes you pay and their purpose. You going to tell me how Trump tax cuts which generated 2 trillion dollars in FIT and CIT revenue paying for the discretionary budget of 1.4 trillion causes trillion dollar deficits or even billion dollar deficits? You really don't have a clue and cannot admit being wrong

 

[Conservative]

Why does it matter?.
Or better yet..what percentage of wealth do the wealthy have?
The richest 1%.. recieve. 63% of the new wealth generated.
Hmmm.

Since the economy isn't fixed and grows why does it matter what percentage of the wealth someone else has and what is preventing you from joining them? When you expect the gov't to provide for you how is your wealth going to grow?

 

[jaeger19]

Since the economy isn't fixed and grows why does it matter what percentage of the wealth someone else has and what is preventing you from joining them? When you expect the gov't to provide for you how is your wealth going to grow?

I am a one percenter.
What does it matter?.
Well if you want to balance the federal budget. Without hurting the economy..you need to tax those who can most afford a tax increase without effecting the economy.

 

[Conservative]

I am a one percenter.
What does it matter?.
Well if you want to balance the federal budget. Without hurting the economy..you need to tax those who can most afford a tax increase without effecting the economy.

Since you are a one percenter why is this even an issue for you? You have the ability to send as much as you want to the federal gov't so do it

If you want a balanced budget you first have to understand the line items and what is driving the spending. You don't thus have no credibility. there is more than enough FIT and CIT to fund the categories they were created to fund but if you want more you do what Trump did, reduce the high state and local tax deductions from your federal return since state taxes don't fund the operating expenses of the federal govt, then you also put a flat tax in for people who don't pay any FIT so they pay something.

 

[Isidore]

And what happened in the 1993 elections? Ever hear of the Contract WITH America, the Contract ON America that the left claimed?

I'm fairly certain that the vast majority of elections for federal offices are held in even numbered years.

Previously you claimed that the growth in GDP in 1994 should be attributed to the election of Republicans to the House in November (of 1994). So according to you, due to an election held after 85% of a year had passed, based on policies which could not be implemented until the following year, the economic output of the country grew significantly faster during that year (1994). I'm not sure if the results from the two quarters following the election support that assertion.

Quarter	1994 Q1	1994 Q2	1994 Q3	1994 Q4	1995 Q1	1995 Q2	1995 Q3	1995 Q4
Real Gross domestic product	3.9	5.5	2.4	4.7	1.4	1.2	3.4	2.7

Year	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001
Real Gross domestic product	-0.1	3.5	2.8	4.0	2.7	3.8	4.4	4.5	4.8	4.1	1.0

 

[jaeger19]

What you ignore are the budget line items causing the deficit and what taxes you pay and their purpose. You going to tell me how Trump tax cuts which generated 2 trillion dollars in FIT and CIT revenue paying for the discretionary budget of 1.4 trillion causes trillion dollar deficits or even billion dollar deficits? You really don't have a clue and cannot admit being wrong

Yep. I ignore your bs all the time.
In fact we all do
If a company grows at 5%..and " ceo conservative" slashes prices..
And yet the company still only grows at 5%.?.
Everyone intelligent knows that " ceo conservative". Reduced the revenue that the company would have made..if he had just left prices alone.

And everyone intelligent knows that no amount of CEO conservative whining " but but the budget is dominated by liabilities from before I was here"...changes the fact that Ceo conservative made a bone head move and needlessly hurt the companies finances.

 

[washunut]

I am a one percenter.
What does it matter?.
Well if you want to balance the federal budget. Without hurting the economy..you need to tax those who can most afford a tax increase without effecting the economy.

There is no way to tax ourselves out of this problem. The deficit is to large. Might want to start with a slightly more attainable goal of lowering the deficit to a sustainable level. That would be about $500 billion!

 

[Conservative]

Yep. I ignore your bs all the time.
In fact we all do
If a company grows at 5%..and " ceo conservative" slashes prices..
And yet the company still only grows at 5%.?.
Everyone intelligent knows that " ceo conservative". Reduced the revenue that the company would have made..if he had just left prices alone.

And everyone intelligent knows that no amount of CEO conservative whining " but but the budget is dominated by liabilities from before I was here"...changes the fact that Ceo conservative made a bone head move and needlessly hurt the companies finances.

Which has nothing to do with the data I posted or the reality of how poorly educated the left is on the taxes you pay and their purpose. This has to be an act on your part

 

[jaeger19]

Since you are a one percenter why is this even an issue for you? You have the ability to send as much as you want to the federal gov't so do it

If you want a balanced budget you first have to understand the line items and what is driving the spending. You don't thus have no credibility. there is more than enough FIT and CIT to fund the categories they were created to fund but if you want more you do what Trump did, reduce the high state and local tax deductions from your federal return since state taxes don't fund the operating expenses of the federal govt, then you also put a flat tax in for people who don't pay any FIT so they pay something.

As a true conservative?
I like the truth.
If you truly believe we need a smaller..more efficient and effective government. One that's fiscally responsible?
Then you have to start with economic truth.
So here is some for you. You know where a good portion of the wealth the wealthy recieve comes from?
The us government. All that government spending given to poorer people?.
Where does it go? Into the bank account of the wealthy people that own the businesses where poorer people spend their money..

You want us to tax the poor people..so they have less money to spend in the economy on essentials. So then you have to then give them MORE money in welfare to make up for the money you taxed from them..so you can " feel" like they paid " something".
Even though it's completely fiscally irresponsible.

You want to stop useless spending? Every time you want a new spending program simply increase rates on the rich to pay for it.
Pretty soon only those things that actually invest in this country will get spent..
Otherwise the wealthy don't mind spending as long as they don't have to pay for it and tgey get their time at the trough.

 

[Conservative]

I'm fairly certain that the vast majority of elections for federal offices are held in even numbered years.

Previously you claimed that the growth in GDP in 1994 should be attributed to the election of Republicans to the House in November (of 1994). So according to you, due to an election held after 85% of a year had passed, based on policies which could not be implemented until the following year, the economic output of the country grew significantly faster during that year (1994). I'm not sure if the results from the two quarters following the election support that assertion.

Quarter	1994 Q1	1994 Q2	1994 Q3	1994 Q4	1995 Q1	1995 Q2	1995 Q3	1995 Q4
Real Gross domestic product	3.9	5.5	2.4	4.7	1.4	1.2	3.4	2.7

Year	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001
Real Gross domestic product	-0.1	3.5	2.8	4.0	2.7	3.8	4.4	4.5	4.8	4.1	1.0

Looks like pretty good yearly growth to me and also shows what Bush inherited.

 

[jaeger19]

There is no way to tax ourselves out of this problem. The deficit is to large. Might want to start with a slightly more attainable goal of lowering the deficit to a sustainable level. That would be about $500 billion!

Actually yes.
Because increasing taxes on the rich will reduce useless spending.
What incentive is their for reduced spending as long as the wealthy get their turn at the trough and it doesn't cost them anything?

 

[Conservative]

As a true conservative?
I like the truth.
If you truly believe we need a smaller..more efficient and effective government. One that's fiscally responsible?
Then you have to start with economic truth.
So here is some for you. You know where a good portion of the wealth the wealthy recieve comes from?
The us government. All that government spending given to poorer people?.
Where does it go? Into the bank account of the wealthy people that own the businesses where poorer people spend their money..

There is nothing conservative in you not voting for the alternative to Trump, Biden. Conservatives buy the tax cuts and strong military which is the role of the federal gov't

You want us to tax the poor people..so they have less money to spend in the economy on essentials. So then you have to then give them MORE money in welfare to make up for the money you taxed from them..so you can " feel" like they paid " something".
Even though it's completely fiscally irresponsible.

Every income earning Americans should pay something in taxes but that ignores the real point, there is more than enough FIT and CIT revenue to fund the items they were created to fund. Why can't you acknowledge that

You want to stop useless spending? Every time you want a new spending program simply increase rates on the rich to pay for it.
Pretty soon only those things that actually invest in this country will get spent..
Otherwise the wealthy don't mind spending as long as they don't have to pay for it and tgey get their time at the trough.

Right, class envy and jealousy, You care so much about money going to the gov't and are a one percenter, send in more as the IRS will take it

 

[Conservative]

Actually yes.
Because increasing taxes on the rich will reduce useless spending.
What incentive is their for reduced spending as long as the wealthy get their turn at the trough and it doesn't cost them anything?

Right we all know that taxing the rich won't have any economic impact, thanks for showing liberal ignorance

 

[jaeger19]

Which has nothing to do with the data I posted or the reality of how poorly educated the left is on the taxes you pay and their purpose. This has to be an act on your part

That's right..you just admitted it..none if your bs matters to the bottom line.
Reducing taxes which does not result in enough increase in growth to balance out the reduction in revenue hurts the us financially.

 

[Conservative]

That's right..you just admitted it..none if your bs matters to the bottom line.
Reducing taxes which does not result in enough increase in growth to balance out the reduction in revenue hurts the us financially.

The budget breakdown I have posted over and over again and the treasury revenue data destroys your narrative. Please admit this is an act on your part? I expect liberal ignorance but not from a so called conservative. Do you think FIT and CIT should fund SS and Medicare shortfall?

 

[jaeger19]

There is nothing conservative in you not voting for the alternative to Trump, Biden. Conservatives buy the tax cuts and strong military which is the role of the federal gov't

Every income earning Americans should pay something in taxes but that ignores the real point, there is more than enough FIT and CIT revenue to fund the items they were created to fund. Why can't you acknowledge that

Right, class envy and jealousy, You care so much about money going to the gov't and are a one percenter, send in more as the IRS will take it

Conservatives believe in fiscal responsibility..smaller more effective government and a strong us military.
Please explain how trumps tax cuts ( which were irresponsible as they were unnecessary).
Trumps ban on bump stocks.
Trump publicly denying us intelligence findings over putins..
Meets those goals.

Every income earning american..should pay income tax?
Why? To make you " feel better".
Please explain how it makes fiscal sense to tax some poor family in federal income tax and then turn right around and have to give them more benefits to make up for what you taxed them. The administrative costs alone prove its a stupid idea fiscally.

Explain how I have " class envy" as a one percenter?
Start with that.

 

[ralfy]

I think this has been going on for decades:

Krugman and the Pied Pipers of Debt

Investors are celebrating an incipient “recovery,” but the interventions that were responsible for it are sowing the seeds of a more violent contraction...

seekingalpha.com

 

[jaeger19]

The budget breakdown I have posted over and over again and the treasury revenue data destroys your narrative. Please admit this is an act on your part? I expect liberal ignorance but not from a so called conservative. Do you think FIT and CIT should fund SS and Medicare shortfall?

The budget breakdown you post over and over is utter meaningless to the bottom line.
If your company was growing by 5% each year..and you slashed prices and yet your company still only grows at 5%..
You just hurt the companies revenue.
Doesn't matter a fig what items you spent on. Slashing prices hurt the company.
End of fiscal story.

 

[Conservative]

Conservatives believe in fiscal responsibility..smaller more effective government and a strong us military.
Please explain how trumps tax cuts ( which were irresponsible as they were unnecessary).
Trumps ban on bump stocks.
Trump publicly denying us intelligence findings over putins..
Meets those goals.

Yes they do but Conservatives also believe in personal responsibility which the tax cuts helped and a strong military. Trump cut the only part of the budget he truly controls, the Executive Branch. Amazing how you ignore basic civics and the Constitution yet call yourself a conservative

Every income earning american..should pay income tax?
Why? To make you " feel better".
Please explain how it makes fiscal sense to tax some poor family in federal income tax and then turn right around and have to give them more benefits to make up for what you taxed them. The administrative costs alone prove its a stupid idea fiscally.

Every income earning American should pay something in FIT, I support the flat tax. You don't seem to have a problem with high state and local taxes being totally deductible from the Federal return then call for more money going to the govt

Explain how I have " class envy" as a one percenter?
Start with that.

by claiming that the rich should pay more, why do you care what someone else pays, that is class envy

 

[Conservative]

The budget breakdown you post over and over is utter meaningless to the bottom line.

Only to you who seems to want SS and FIT which are off budget to be funded by FIT and CIT which is ON budget

If your company was growing by 5% each year..and you slashed prices and yet your company still only grows at 5%..
You just hurt the companies revenue.
Doesn't matter a fig what items you spent on. Slashing prices hurt the company.
End of fiscal story.

Don't give a shit about company growing 5% as that has nothing to do with what taxes you pay or their purpose which you don't know

 

[jaeger19]

Yes they do but Conservatives also believe in personal responsibility which the tax cuts helped and a strong military. Trump cut the only part of the budget he truly controls, the Executive Branch. Amazing how you ignore basic civics and the Constitution yet call yourself a conservative

Every income earning American should pay something in FIT, I support the flat tax. You don't seem to have a problem with high state and local taxes being totally deductible from the Federal return then call for more money going to the govt

by claiming that the rich should pay more, why do you care what someone else pays, that is class envy

Yes. Conservatives believe in personal responsibility.
Tax cuts do not " help personal responsibility".
Especially when tax cuts increase the us deficit..for no reason.
Trumps tax cuts hurt the financial status of this country.
Period..end of story.
It's like saying when the ceo slashes prices without getting a big bump in growth...( resulting in less revenue being brought in than would have been)

But but it's not his fault because the previous ceo spent on this.
Doesn't matter. Cutting prices hurt the company. Trumps tax cuts hurt the us.

Yes..as a conservative I don't have a problem with state income being deducted from federal tax. It makes more sense that states pay their own way as much as possible..than for a state to have low taxes..and then have to get more money from the federal government. It's less efficient. And frankly not responsible especially when sales with low rates then get more from the federal government than they put in.

 

[Conservative]

Yes. Conservatives believe in personal responsibility.
Tax cuts do not " help personal responsibility".

Really? so putting more money into your pocket doesn't help you with your family and gives you more financial power, interesting, sounding more and more like a liberal every day

Especially when tax cuts increase the us deficit..for no reason.

They didn't as I have shown you. Tax cuts grew FIT revenue but more importantly they grew state and local revenue due to consumer spending

Trumps tax cuts hurt the financial status of this country.

No they didn't, they put you in more control of your finances

Period..end of story.
It's like saying when the ceo slashes prices without getting a big bump in growth...( resulting in less revenue being brought in than would have been)

Stunning ignorance, you going to tell us what FIT And CIT were created to fund?

But but it's not his fault because the previous ceo spent on this.
Doesn't matter. Cutting prices hurt the company. Trumps tax cuts hurt the us.

Cutting prices doesn't hurt the company if it increases traffic and overall which consumer spending will do

Yes..as a conservative I don't have a problem with state income being deducted from federal tax. It makes more sense that states pay their own way as much as possible..than for a state to have low taxes..and then have to get more money from the federal government. It's less efficient. And frankly not responsible especially when sales with low rates then get more from the federal government than they put in.

Of course you don't because you have no problem sending less to the federal gov't then complaining about the Federal gov't not getting enough revenue. Some would call that being a hypocrite

 

[jaeger19]

Only to you who seems to want SS and FIT which are off budget to be funded by FIT and CIT which is ON budget

Don't give a shit about company growing 5% as that has nothing to do with what taxes you pay or their purpose which you don't know

Well considering that social security hoes into bonds that where then spent by the government on discretionary things..well yes..
Duh.
It's not like ss was kept in a separate vault or lockbox.
The money that came into the government was used to finance loans that the government used for all sorts of things not social security.

That's right..you can't understand a sime company example...much less how cutting government taxes and not getting enough economic growth out of the tax cuts hurts revenue.

 

[Conservative]

Well considering that social security hoes into bonds that where then spent by the government on discretionary things..well yes..
Duh.

Yes by all means lets reward the bureaucrats from borrowing from SS and Medicare and not paying it back forcing bonds to be issued to cover the deficit. By the way there was more than enough revenue generated to fund the discretionary budget PLUS debt service. If you aren't going to review the link and the budget why should I continue to respond to you?

It's not like ss was kept in a separate vault or lockbox.
The money that came into the government was used to finance loans that the government used for all sorts of things not social security.

No but there is a difference between being on budget and being off budget. We pay debt service on total debt not just part of the budget

That's right..you can't understand a sime company example...much less how cutting government taxes and not getting enough economic growth out of the tax cuts hurts revenue.

Cutting FIT and CIT now only grew federal revenue but also state and local revenue which you want to ignore. More control of your own money means less need for that so called gov't help and you refuse to acknowledge that