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Do conservatives think massive debt created by upper class tax cuts is okay?

How is the government funded? Why aren't those on government assistance programs routinely becoming widely successful in life?
LOL So you want to tax welfare recipients? That will really bring down our deficits. Getting blood out of stones is not the way to a balanced budget. You have to tax the people with the cash to spare.
 
Do conservatives think massive debt created by upper class tax cuts is okay?

No, I think you got your Göbbels-message from a Left-Wing website.

Debt occurs when government spends more money than it collects in revenues.

All government spending is purely voluntary, like when your government spent $2.1 Million to teach sex education to Ethiopian prostitutes (no joke.)

If you can provide a cogent explanation as to why the "upper class" should give $2.1 Million of their money to non-Citizens who don't even live in the US, then let's have it.

Note that your government's spending actually creates problems which results in your government spending even larger amounts of money to correct the problems it created.

Medicare is a classic example. It is said some people cannot afford housing, and yet it was HUD and the Department of Transportation who made housing unaffordable and then you'll want to spend more money to fix that.
 
Republicans are the ones complaining about the debt when in opposition, why can't they reduce it when in power?

Republicans want other people to adhere to a fiscal conservative economic policy that they themselves do not believe in.

No point in continuing this. Youre stuck on your partisan obsession.
 
No point in continuing this. Youre stuck on your partisan obsession.
decades of historical data isn't partisan. Republicans OUTSPEND democrats, increase the deficit and debt more so than democrats, and ONLY bitch about spending when they are not in power.
 
Below is the percentage point decline for each bracket. Also note that $5,650 increase in the standard deduction.

2018vs2017rates.jpg


Distributional Analysis of the Conference Agreement for the Tax Cuts and Jobs Act | Full Report | Tax Policy Center

Calling this a 'tax cut for the wealthy' simply doesn't describe the above realities.
That increase in the standard deduction eliminated the exemption that senior citizens got which for me and my spouse, increased our taxable income. No tax cut for us or others like us. Plus, high medical costs, etc. can add up to more than the new standard deduction.
 
No, revenue also went up under Regan. It almost doubled. Taxes have nothing to do with anything. No matter what tax rates are, the govt gets about the same amount of taxes. This all started with Truman in 1945 with the expansion of govt into Healthcare, which now accounts for the ENTIRE deficit.
yes it went up....average of 6% per year during his admin.......but it was an average of 10% per year in the previous admin
 
yes it went up....average of 6% per year during his admin.......but it was an average of 10% per year in the previous admin

Right, so tax cuts had no real effect on the deficit. Both before and after, tax revenue averaged about the same percentage of GDP.
 
Right, so tax cuts had no real effect on the deficit. Both before and after, tax revenue averaged about the same percentage of GDP.
exactly.....so the conclusion imo is taxes must be increased.. if we as a nation are serious about the national debt.....both sides have failed the test .......
 
exactly.....so the conclusion imo is taxes must be increased.. if we as a nation are serious about the national debt.....both sides have failed the test .......

Thats one possible conclusion. The other is that spending must be decreased.
 
Thats one possible conclusion. The other is that spending must be decreased.
which of course will not happen.......and thus my final opinion.......the national debt does not mean crap......it is merely a point of argument between the dems and repubs......if we cancelled the debt tomorrow the world would keep right on going
 
which of course will not happen.......and thus my final opinion.......the national debt does not mean crap......it is merely a point of argument between the dems and repubs......if we cancelled the debt tomorrow the world would keep right on going

It matters because we're wasting 400bn on interest, and that will go up massively with interest rates. It means higher taxes, slower economy, and constant political problems.

  • Debt. By the end of 2021, federal debt held by the public is projected to equal 102 percent of GDP. Debt would reach 107 percent of GDP (surpassing its historical high) in 2031 and would almost double to 202 percent of GDP by 2051. Debt that is high and rising as a percentage of GDP boosts federal and private borrowing costs, slows the growth of economic output, and increases interest payments abroad. A growing debt burden could increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar, making it more costly to finance public and private activity in international markets.

We could simply just stop increasing spending faster than growth and we would at least catch up.


56977-fig2_deficit-interest-vs.png
 

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.
 
They don't actually care about debt/deficit or fiscal responsibility.

At least the Democrats make an attempt to finance their spending increases.

When the GOP is in charge, the policies are cut taxes, and spend anyway. And usually increasing spending on super dumb shit.
 
yet you probably vote republican who have a much worse record of increasing the debt than democrats. You are probably like most hypocritical conservatives, the deficit only matters when a dem is in power. When billionaires and millionaires get handouts and tax breaks, and we are murdering brown people across the world, no problem with deficit spending

Not entirely True:

 
They don't actually care about debt/deficit or fiscal responsibility.

At least the Democrats make an attempt to finance their spending increases.

When the GOP is in charge, the policies are cut taxes, and spend anyway. And usually increasing spending on super dumb shit.

How original.
 
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