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Democrat's Spending Plans Don't Show Any Signs Of Sanity

Mycroft said:
If Trump chooses to run, he will certainly win in 2024...unless the haters find another way to commit election fraud. If he doesn't choose to run, then whomever he endorses will win.

The Dems have nobody to put up against Trump. Biden...he probably won't last THIS term. Harris...she is toxic, even to the Dems. There's nobody else with nation-wide support.
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Don't worry, we'll figure out how to fix 2024. Witness our brilliant 2020-21 work: We pull off one of the biggest frauds in history, denying Trump an obvious landslide victory, but slyly allow the GOP to pick up Congressional seats as a cover for our deeds. We faked Hugo Chavez's death so he could advise us on voting machine tinkering, gave Rudy runny hair dye to make Trump's lawyer look ridiculous, and got hundreds of antifa personnel to disguise themselves as Trump supporters and storm the Capitol on Jan 6. We even reached Trump's judges to get them to decide things our way when his people filed lawsuits. We financed this with an interest-free loan from George Soros. And for comic relief, we organized the Arizona audit.

The future is ours, Mycroft.
 
rickc said:
All of Biden's spending is paid for in his plan. All you have to do is read it.

Of course Republicans, especially Mitch McConnell, will fight the pay for it plan to the bitter end. It calls for higher taxes on the wealthy and corporations. Now I really don't understand how Republicans can defend billionaires and huge multinational corporations paying zero taxes but they do.
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Link? Biden hasn’t suggested a way to pay for the multi-trillion dollar “infrastructure” boondoggle.
 
Nickyjo said:
Don't worry, we'll figure out how to fix 2024. Witness our brilliant 2020-21 work: We pull off one of the biggest frauds in history, denying Trump an obvious landslide victory, but slyly allow the GOP to pick up Congressional seats as a cover for our deeds. We faked Hugo Chavez's death so he could advise us on voting machine tinkering, gave Rudy runny hair dye to make Trump's lawyer look ridiculous, and got hundreds of antifa personnel to disguise themselves as Trump supporters and storm the Capitol on Jan 6. We even reached Trump's judges to get them to decide things our way when his people filed lawsuits. We financed this with an interest-free loan from George Soros. And for comic relief, we organized the Arizona audit.

The future is ours, Mycroft.
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Not really. There are a lot of people who are determined to not allow election fraud to happen again. You MAY pull it off again, but it won't be as easy to do or to get away with.
 
Napoleon said:
Link? Biden hasn’t suggested a way to pay for the multi-trillion dollar “infrastructure” boondoggle.
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In some ways we are almost arguing about the irrelevant. The real cost issues come from the mandatory part of the budget which neither party has shown much appetite for addressing, although Trump did make some sensible, but much too limited imo, comments about reducing healthcare costs. Unfortunately it was talk with limited results.
 
Mycroft said:
Not really. There are a lot of people who are determined to not allow election fraud to happen again. You MAY pull it off again, but it won't be as easy to do or to get away with.
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I tell you what: I promise not to pull off election fraud in the future if you can tell me how we did it in 2020, the 2016 popular vote, and the 2016 Iowa caucuses, all of which Trump claimed were somehow rigged. (Just for laughs, throw in the various times Trump didn't get an Emmy.). He hasn't said how, by whom, why it was necessary, and just maybe if you let me know, I can pass the info on to Trump so he stops looking so ridiculous.

Sigh. I have asked this over and over and the responses from fraud freaks seem to go something like this: "if you can't see what's not there, then we are not going to tell you where it is." Sort of Zen-like, don't you think? But please, O Zen Master, leave Plato's cave and come down from the mountain (whatever metaphor you prefer) and inform us weary beings below.
 
Ishm said:
In some ways we are almost arguing about the irrelevant. The real cost issues come from the mandatory part of the budget which neither party has shown much appetite for addressing, although Trump did make some sensible, but much too limited imo, comments about reducing healthcare costs. Unfortunately it was talk with limited results.
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The wealthy have spent a lot of money convincing Americans that entitlements (social security) is the real problem.

The fix for Social Security is simple.

Remove the salary cap on wages subject to the Social Security tax.

Make all income earned and unearned subject to the tax.

Raise the tax rate if the above doesn't do it.
 
rickc said:
The wealthy have spent a lot of money convincing Americans that entitlements (social security) is the real problem.

The fix for Social Security is simple.

Remove the salary cap on wages subject to the Social Security tax.

Make all income earned and unearned subject to the tax.

Raise the tax rate if the above doesn't do it.
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Deflection seems to be a huge part of US politics today. The far right especially seem to run today on an agenda that says how scary the left are more than an actual agenda of policies. Trump, not that he is far right, ran his last presidential bid without even stating a serious post covid economic policy. How can you run a major political campaign with a background of a failing economy, and not deliver a serious economic policy? That made me at least assume he didn't have any answers. Take away unfunded tax cuts and 'change nothing', and what are todays GOP policies? What are they actually proposing in order to fix the serious issues facing the country now?

I'm not saying that I support a lot of the Dem policies either, but at least they aren't running on a platform of 'the GOP are scarier than we are'.

I think SS and Medicare are major economic and social hurdles going forward. Better forward planning by either party over the past 50 years could have fixed the problem with little pain, but today it is almost inevitable that there will be significant tax increases linked to those programs at some point. Funding poor govt via increasing debt has become more politically acceptable than making tough decisions. The blame for that lies with the voters maybe more than the politicians.
 
Let's do a little math

In 2020 social security
took in $1.118 trillion
Paid out $1.107 trillion
Still solvent

Now if all income was taxed for social security where would we be.

Gross National income 2019 $21.7 trillion
Say we taxed it all at SS rate × .124
Funds available for SS $2.44 trillion

Looks like to me we could find a happy medium somewhere in there where Social Security was fully funded without raising the retirement wage and increasing benefits.
 
rickc said:
Let's do a little math

In 2020 social security
took in $1.118 trillion
Paid out $1.107 trillion
Still solvent

Now if all income was taxed for social security where would we be.

Gross National income 2019 $21.7 trillion
Say we taxed it all at SS rate × .124
Funds available for SS $2.44 trillion

Looks like to me we could find a happy medium somewhere in there where Social Security was fully funded without raising the retirement wage and increasing benefits.
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So an additional 6.2% SS tax on all businesses and an extra 6.2% (or more) on all earners? No caps on SS payments? A new 12.4% tax on the SS beneficiaries thst you are paying? It may well need to end up like that, but can you see 70%(?) of congress agreeing to make that type of change.

The funding issue is facing a now rapidly growing negative shift in the ratio of income earners vs SS beneficiaries. The GNI isn't falling, but more of it is coming from the govt in SS payments. That doesn't even begin to address the almost as high Medicare costs in a system whose costs are rising at twice, or sometimes more, the rate of inflation, and maybe 2 to 3 times the rate of wage increases.

There may be no quick fix, but you think a govt would at least start doing more than kick the can down the road. Any changes will negatively impact a lot of people so need to be advertised years in advance. Not wait until forced into a rapid and unplanned for set of changes.
 
So an additional 6.2% SS tax on all businesses and an extra 6.2% (or more) on all earners? No caps on SS payments? A new 12.4% tax on the SS beneficiaries thst you are paying? It may well need to end up like that, but can you see 70%(?) of congress agreeing to make that type of change.

no additional SS tax. Just applying the existing 12.4% tax to all income. As you can see that is over twice what we need to cover the cost of Social Security. Surely we can find a happy medium between what we are collecting now and that that can easily cover the cost in the future. As Social Security is now it is solvent till 2037. We have time to fix it.
 
Mycroft said:
Not really. There are a lot of people who are determined to not allow election fraud to happen again. You MAY pull it off again, but it won't be as easy to do or to get away with.
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but you know, as well as everyone else, that there was no fraud. you know this because every single investigation, 90% done by republicans, has shown you that.
 
rickc said:
So an additional 6.2% SS tax on all businesses and an extra 6.2% (or more) on all earners? No caps on SS payments? A new 12.4% tax on the SS beneficiaries thst you are paying? It may well need to end up like that, but can you see 70%(?) of congress agreeing to make that type of change.

no additional SS tax. Just applying the existing 12.4% tax to all income. As you can see that is over twice what we need to cover the cost of Social Security. Surely we can find a happy medium between what we are collecting now and that that can easily cover the cost in the future. As Social Security is now it is solvent till 2037. We have time to fix it.
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Yea, so your policy would effective tax investment taxes on the wealthy ~70% in some states.

That's cute. Economy destroying, but cute.
 
Mycroft said:
The Dems know they have limited time with any kind of control. 2022 will cripple them and 2024 will finish the job. So they HAVE to go balls to the wall and damn the economy and the American people to get any of their liberal agenda items in place.

Trump's going to have a lot of work to do when he gets elected in 2024.
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Here's a little advice comrade. The people who voted trump out was disgruntled republicans who saw him for the idiot he is. They made a mistake and corrected it.
What is left of trump supporters cannot possibly vote him back in. It's a statistical impossibility.
Now you are asking those same people who chucked him out to put him there again. Are you kidding? Don't insult them.
Think about. Its not gonna happen.

You can vote Republican all you like but if you didnt vote them in, you cannot vote them out. Only those 8 million can decide the 2024 election, not you.
 
Mycroft said:
They aren't doing a thing to benefit Main Street. They are only benefiting those who's votes they want to buy...people like the unions, Chuck spoke of them specifically when he talked about adding a jobs program to the infrastructure bill...people like teachers, states are giving teachers stimulus checks even though they already got the same stimulus that everyone else got, and their checks are paid for out of that last multi-trillion stimulus package.

The only thing the Dems are doing to Main Street is taking away their jobs, causing skyrocketing inflation and consumer goods prices and reducing wages.

Hell, Psaki had to outright lie to the media the other day.



But just last Friday, BLS said this:

“Median weekly earnings of the nation’s 113.6 million full-time wage and salary workers were $990 in the second quarter of 2021 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today. This was 1.2 percent lower than a year earlier.”​

Seriously...don't ever believe the liars. Look at the facts.
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wow...actual clown shoes are jealous of the fat tracks left by this dumb post.
 
calamity said:
Suddenly the Right pretends to be fiscally conservative. I have news for you. The credibility on that ship sailed when you elected the fat orange moron.
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No, it sailed when they passed the 2017 tax cuts which exploded the deficit. They could have cut spending, but did nothing of the sort.
 
highroller said:
No, it sailed when they passed the 2017 tax cuts which exploded the deficit. They could have cut spending, but did nothing of the sort.
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Some context here would be nice.

The most negative assessments of the total cost of TJACA were around $700B. Compare that to Biden's ~nearly $7T in new spending proposals in the first 7 or 8 months. Right.

The administration is outright engaged in buying people off with money we don't have, can't afford, and on a false premise. That's how you win elections. Ask Ben Franklin:

“When the people find that they can vote themselves money that will herald the end of the republic.”
 
Mycroft said:
If Trump chooses to run, he will certainly win in 2024...unless the haters find another way to commit election fraud. If he doesn't choose to run, then whomever he endorses will win.

The Dems have nobody to put up against Trump. Biden...he probably won't last THIS term. Harris...she is toxic, even to the Dems. There's nobody else with nation-wide support.
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Trump won’t be able to run in 2024, he will be finishing his second term then

He will be back in office the day after the day after tomorrow. The My Pillow guy said so
 
Cynical said:
Globalization and technology have done more to enrich the rich than any other factor.
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Actually no, in the US, the combo of financialization and low taxes since 1980 are the biggest factors, change.

Gilded Age income gains 1947 2015.jpg
 
Republicans are laughable.
When in power they ignore federal spending in order to give away all the tax breaks they can to the 1%ers and their corporate handlers.
When Democrats propose government spending that will actually help the 99% of the rest of us in the form of upgrading our long ignore infrastructure, expanding Medicare and medical coverage, incentivizing job producing expansion of green energy jobs, Republicans suddenly get concerned.
Republicans don;t even try to hide their hypocrisy.
 
Cynical said:
You're missing the fact that the money has to come from somewhere and be generated through productive measures.
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Non-sequitur, we were discussing how the wealthy capture income (get rich) since 1980, not how a sovereign state causes currency to enter circulation.
 
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