- Joined
- Jan 20, 2020
- Messages
- 20,325
- Reaction score
- 4,175
- Gender
- Male
- Political Leaning
- Progressive
Because this thread is about Biden declaring himself blameless for the potential default and claim it had to do with the Trump tax cuts creating loss of revenue. the question is quite clear and of course you run from it. You cannot prove that the tax cuts caused a deficit from discretionary spending and interest expense in 2018-2019. You also cannot refute the claim that the total US budget was balanced under Clinton. Let's face it, you are a typical liberal economically, civics, and constitutionally challengedWhy am i supposed to answer whatever random question you come up with? Nobody is moved by your opinions on taxes and spending. We don't care. Now it is mildly amusing to poke fun at a supposedly able human who is filled to the gills with utter nonsense. Your sheer presence naturally creates an anti-MAGA stigma no matter the topic.
Oh, my, do you have any clue what the role is for your state and local government and what they do with the taxes you pay? You obviously don't have any idea what the role of the federal gov't is. I know this reality escapes you but the D's controlled the Congress and WH 2021-2022 so what did they do about the debt ceiling and spending?It isn't just the US economy that would tank with a default. The whole world would suffer. And you can forget any help for Ukraine because the dollar would become really worthless.
We spend five times as much on our defense as any other country, so if we spent 3.5 times as much, we'd be fine. If tiny tax increases were put on people who earn millions and billions a year, they wouldn't feel it at all and hardly even be aware of it. If interest rates on unearned income increased the tiniest bit, no one would significantly suffer. Yet the GOP doesn't want any defense cut or tax increase.
Instead, they resent disabled people who don't have jobs. They demand that women give birth even if the fetus has no legs, half a brain, and congenital blindness and deafness and then, having given them the job of caring for them 24/7, as no one will adopt them, plans to say they are lazy if they don't have full time jobs six weeks after giving birth. And they don't want to pay for the baby's disabilities.
These people are simply impossible or perhaps just simpletons.
Ok. WTF does that have to do with your discretionary spending, FIT, etc... babbling?Because this thread is about Biden declaring himself blameless
You're not making sense. We know that the tax cuts reduced revenue. That has nothing to do with our current debt ceiling issue.You cannot prove that the tax cuts caused a deficit
Why would i need to refute a missed take on a fact (the budget had a surplus therefore it was not balanced)? In reality, you cannot refute the fact that the U.S. federal budget (no such thing as a total budget... you just made that up) had surpluses.You also cannot refute the claim that the total US budget was balanced under Clinton.
I absolutely own you in these discussions. It is fun to show just how petty, uneducated, and desperate MAGA cultists are.Let's face it, you are a typical liberal economically, civics, and constitutionally challenged
I am still waiting for you to post data supporting the fact that the trump tax cuts didn't pay for the discretionary line items and interest expenseOk. WTF does that have to do with your discretionary spending, FIT, etc... babbling?
No need to answer. You're just deflecting in order to go on one of your incoherent tirades.
You're not making sense. We know that the tax cuts reduced revenue. That has nothing to do with our current debt ceiling issue.
Why would i need to refute a missed take on a fact (the budget had a surplus therefore it was not balanced)? In reality, you cannot refute the fact that the U.S. federal budget (no such thing as a total budget... you just made that up) had surpluses.
I absolutely own you in these discussions. It is fun to show just how petty, uneducated, and desperate MAGA cultists are.
Who the **** cares about such binder other than you and the other ignorant cultists....I am still waiting for you to post data supporting the fact that the trump tax cuts didn't pay for the discretionary line items and interest expense
Nah man... everything that is associated with dollar denominated assets would // will take the worst shit.It isn't just the US economy that would tank with a default.
That was the whole point until lobbyists jumped in and were like WTF???you can forget any help for Ukraine because the dollar would become really worthless.
Yes it was the question for you radicals who blame FIT cuts for the deficit. The facts show just how clueless you are. FIT has nothing to do with SS and Medicare shortfallWho the **** cares about such binder other than you and the other ignorant cultists....
Just for the record, it wasn't a question.
Nobody blames tax cuts for the deficit. That is a strawman you attack out of necessity.who blame FIT cuts for the deficit.
Again... i'm not making rando ass statements about federal income taxes. You are clueless when it comes to responding to what people post.The facts show just how clueless you are. FIT has nothing to do with SS and Medicare shortfall
OMG, nobody blames the tax cuts for the deficits? You have lost it. Only most radicalsNobody blames tax cuts for the deficit. That is a strawman you attack out of necessity.
Again... i'm not making rando ass statements about federal income taxes. You are clueless when it comes to responding to what people post.
For the nth time, there was a surplus in 1998, 1999, and 2000.
You are a legend in your own mind totally forgetting what you post and how you have blamed Tax cuts for the deficit and claiming the growth was the same as prior to the tax cuts. I understand completely why you want the Trump tax cuts reversed, going back to the time when all those high state and local taxes were deductible thus you paying less in FITNobody blames tax cuts for the deficit. That is a strawman you attack out of necessity.
Again... i'm not making rando ass statements about federal income taxes. You are clueless when it comes to responding to what people post.
For the nth time, there was a surplus in 1998, 1999, and 2000.
This is a lie. You can't produce a quote.totally forgetting what you post and how you have blamed Tax cuts for the deficit
We know it was, which is why you cherry pick no incall GDP growth to make a historical comparison. When i turn your argument around and highlight $2+ trillion in nGDP growth the past two years, you don't have much to say other than liberals, civics challenged, loyalty, etc....and claiming the growth was the same as prior to the tax cuts.
To raise revenue. Doing so well reduce the deficit.I understand completely why you want the Trump tax cuts reversed
In future years.As for that surplus, when you borrow money from SS and Medicare you leave it with an obligation thus a deficit that has to be funded.
What good is a surplus that coincides with additional debt issuance?what good is a so called surplus that adds to the debt?
Interest expense is a function of previous debt issuance.Then tell me there would be interest expense if there was a surplus?
Deficits occur when revenue < outlays.OMG, nobody blames the tax cuts for the deficits? You have lost it. Only most radicals
Doubt, that is a lie as all you liberals are the sameThis is a lie. You can't produce a quote.
4 Components of GDP, figure out what they areWe know it was, which is why you cherry pick no incall GDP growth to make a historical comparison. When i turn your argument around and highlight $2+ trillion in nGDP growth the past two years, you don't have much to say other than liberals, civics challenged, loyalty, etc....
Lol, then pay back the taxes you didn't pay because of high state and local tax deductionsTo raise revenue. Doing so well reduce the deficit.
In future years.
What debt issuance, SS and Medicare?What good is a surplus that coincides with additional debt issuance?
Interest expense is a function of previous debt issuance.
Already proved where the shortfall is, SS and Medicare. FIT wasn't created to fund SS and Medicare FICA wasDeficits occur when revenue < outlays.
Well, I blame tax cuts on the deficit. Top tax rates were 70% under Carter. They were lowered to 50% under Reagan and 3x% by other Republican presidents. Even at 50%, we wouldn’t have a deficit if those rates were maintained.Nobody blames tax cuts for the deficit. That is a strawman you attack out of necessity.….
So you lied about me and your support was that all liberals are the same? Your posts are a joke, but it's a great way to highlight why MAGA cultists cannot be trusted.Doubt, that is a lie as all you liberals are the same
You don't understand those components.4 Components of GDP, figure out what they are
You're in no position to quantify my tax liabilities.Lol, then pay back the taxes you didn't pay because of high state and local tax deductions
That's literally a stupid response. Public debt grew by $18 billion in 2000 but total excess FICA revenue was less than $180 billion. Debt should have grown by roughly $160 billion. What gives?What debt issuance, SS and Medicare?
This is also a lie. Your ignorance knows no bounds.Already proved where the shortfall is, SS and Medicare.
FIT was created before S.S. and Medicare. Your posts make no sense.FIT wasn't created to fund SS and Medicare FICA was
So you contributed to the loss of revenue by deducting high state and local taxes which you still refuse to acknowledgeWell, I blame tax cuts on the deficit. Top tax rates were 70% under Carter. They were lowered to 50% under Reagan and 3x% by other Republican presidents. Even at 50%, we wouldn’t have a deficit if those rates were maintained.
Botton line: one can’t drone about deficits and debt and call for tax cuts.
All liberals are the same so I stand by my statementSo you lied about me and your support was that all liberals are the same? Your posts are a joke, but it's a great way to highlight why MAGA cultists cannot be truste
Better than youYou don't understand those components.
Your previous location was ChicagoYou're in no position to quantify my tax liabilities.
Where did the deficit come from since you claim I am wrong.That's literally a stupid response. Public debt grew by $18 billion in 2000 but total excess FICA revenue was less than $180 billion. Debt should have grown by roughly $160 billion. What gives?
Mine pales in comparison to yoir8This is also a lie. Your ignorance knows no bounds.
Yes it was and that is the point. FICA was created to fund SSand Medicare not the operating expenses of the US. So all that debt came from where?FIT was created before S.S. and Medicare. Your posts make no sense.
That's a sad thing to say, or to think.Doubt, that is a lie as all you liberals are the same
And everyone who talks back to you is a liberal, I'm guessing?All liberals are the same so I stand by my statement
You stand by poor reasoning. This tracks.All liberals are the same so I stand by my statement
More ignorance.Better than you
So?Your previous location was Chicago
I've already explained how deficits arise.Where did the deficit come from since you claim I am wrong.
I own the least respected person (you) in these discussions.Mine pales in comparison to yoir8
You can complain about reality and accounting, but at the end of the day, revenue exceeded outlays in 1998, 1999, and 2000. No amount of butt hurt negates this fact.Yes it was and that is the point. FICA was created to fund SSand Medicare not the operating expenses of the US. So all that debt came from where?
So if tax cuts don't cause deficits why do we need higher taxesYou stand by poor reasoning. This tracks.
Read your postsMore ignorance.
High state and local taxes that you deducted from your federal return
you never defined what caused those deficitsI've already explained how deficits arise.
Coming from you?I own the least respected person (you) in these discussions.
Again interest expense why? What was the debt Clinton inherited, then what did Bush inherit? Keep digging that holeYou can complain about reality and accounting, but at the end of the day, revenue exceeded outlays in 1998, 1999, and 2000. No amount of butt hurt negates this fact.
Tax cuts generally increase revenue, unless they work to reduce consumption.So if tax cuts don't cause deficits why do we need higher taxes
I've talked about it quite a bit actually... long term deficits exist in the U.S. because the private sector does not invest at adequate levels to maintain low unemployment in a balanced / surplus budget environment. Even as deficits have made up a majority of GDP growth, it's still at a longer term 2% trajectory.you never defined what caused those deficits
Bonds issued with 30 year maturity in from 1980 until 2000 were being paid interest and being rolled over. What's so difficult to understand about that?Again interest expense why?
This conversation is OVER. Clinton had a surplus for three years... you need to accept it and move on.What was the debt Clinton inherited, then what did Bush inherit? Keep digging that hole
They obviously increase state and local revenues as more spendable income generates sales, property, and excuse taxes. So answer the question where did the 2017-2019 deficits come fromTax cuts generally increase revenue, unless they work to reduce consumption.
Where did you come up with that gem? You have no understanding of the private sector, incentive, or damage government does to businesses which impacts employment. Almost 7 million new taxpayers 2017-2019I've talked about it quite a bit actually... long term deficits exist in the U.S. because the private sector does not invest at adequate levels to maintain low unemployment in a balanced / surplus budget environment. Even as deficits have made up a majority of GDP growth, it's still at a longer term 2% trajectory.
Not difficult at all, what was the money spent on creating more deficitsBonds issued with 30 year maturity in from 1980 until 2000 were being paid interest and being rolled over. What's so difficult to understand about that?
And added deficits to the debt. Yours is biased, partisan, liberal ignoranceThis conversation is OVER. Clinton had a surplus for three years... you need to accept it and move on.
That's literally their positionthat's not their position. That's Bidens position
Wrong on this as well..Well, I'm glad the Biden pukes are going to bow out...finally. They've wasted enough time already.
Now, we can get back to how Congressional bills are SUPPOSED to be dealt with: One chamber proposing and passing a bill. That chamber sending it to the other chamber to consider, amend if they see fit and possibly finally passing the bill and sending it to the WH so the President can do what is ACTUALLY his part: Signing or vetoing the bill.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?