2020 and the National Debt

[AzogtheDefiler]

Here is a summary of the agreement between Newt and Clinton that gave us a surplus:
(What killed the Budget surplus was 9/11 and the un-paid for war spending that followed.)

No, what killed it was that Bush gave a huge fucking tax cut to billionaires...

Nope. It was the Iraq war, followed by more endless wars. Tax cuts to billionaires is a joke. They employ millions. The mods are right about you.

 

[Siete]

Here is a summary of the agreement between Newt and Clinton that gave us a surplus:
(What killed the Budget surplus was 9/11 and the un-paid for war spending that followed.)

No, what killed it was that Bush gave a huge fucking tax cut to billionaires...

Nope. It was the Iraq war, followed by more endless wars. Tax cuts to billionaires is a joke. They employ millions. The mods are right about you.

no shit -

prolly why Trump said 95 MILLION PEOPLE were looking for jobs - RIGHT ?

 

[AzogtheDefiler]

Here is a summary of the agreement between Newt and Clinton that gave us a surplus:
(What killed the Budget surplus was 9/11 and the un-paid for war spending that followed.)

No, what killed it was that Bush gave a huge fucking tax cut to billionaires...

Nope. It was the Iraq war, followed by more endless wars. Tax cuts to billionaires is a joke. They employ millions. The mods are right about you.

no shit -

prolly why Trump said 95 MILLION PEOPLE were looking for jobs - RIGHT ?

IDK how many are still looking as we are at historic unemployment and yet we still have the deficit and the debt. Until we attack entitlements and stop funding endless wars the deficit will continue to be our way of life.

 

[bullwinkle]

My thoughts...We are in a time where there are more tax payers than ever before. If we think it's big now, just wait when there is Medicare for All, Free tuition and what ever freebies the Socialistic left can dream up.

Is this Socialist Freebies? Can we call it "Trumpcare"?

‘Trump Money’ Is Buying Silence as Unprecedented Payments Go to Farmers

 

[JoeB131]

Nope. It was the Iraq war, followed by more endless wars. Tax cuts to billionaires is a joke. They employ millions. The mods are right about you.

Supply side doesn't work, buddy. that's been proven. Heck, your side doesn't even make those claims anymore. They now have moved on to "The Rich Deserve the money they keep".

 

[AzogtheDefiler]

Nope. It was the Iraq war, followed by more endless wars. Tax cuts to billionaires is a joke. They employ millions. The mods are right about you.

Supply side doesn't work, buddy. that's been proven. Heck, your side doesn't even make those claims anymore. They now have moved on to "The Rich Deserve the money they keep".

Do the "rich" employ people?

Yes or No?

 

[JoeB131]

Do the "rich" employ people?

Yes or No?

No. Consumer demand does... The rich just steal the profits...

We had our greatest prosperity when the rich paid confiscatory taxes and 33% of the workforce was unionized. Why? Because with all that additional consumer demand, there were good jobs to be had as far as the eye could see.

As for the National Debt, we went from the ND being 110% of GDP after WWII to 52% by 1956 through growth and careful management. That was with a massive infrastructure program and cold war spending.

 

[AzogtheDefiler]

Do the "rich" employ people?

Yes or No?

No. Consumer demand does... The rich just steal the profits...

We had our greatest prosperity when the rich paid confiscatory taxes and 33% of the workforce was unionized. Why? Because with all that additional consumer demand, there were good jobs to be had as far as the eye could see.

As for the National Debt, we went from the ND being 110% of GDP after WWII to 52% by 1956 through growth and careful management. That was with a massive infrastructure program and cold war spending.

So consumer demand required the rich to hire drivers, private security and butlers? The mods are right about you.

 

[beautress]

Look in the mirror.

There is the person responsible for the ever rising debt.

I'm sick and tired of everyone pointing fingers at the "other guys" for the debt.

EVERYONE is to blame.

Just look at my signature for an example of just how mentally ill Trumptards have become.

31 people on this survey so far have listed the National Debt as "unimportant."
The Democrats have been blaming all republicans all of the time. You're just being a total conformist with the people you prefer politically. And you're here to deliver a black eye to anyone who is interested in their country's sense of propriety and order.
I think being informed about the state of our nation's debt is important, and I've been outvoted by all but four anonymous respondents. 45 out of 50 voted in various other ways.

When you consider a plan to fix this national debt, do return. You are only here to badmouth republicans, not to work on a mutual fix to this problem of national debt. "What me worry" comes to mind about this unique reality. So continue your uppance by stepping on the messenger. In the meantime, for your incivility you are not on my radar any more, you are herby ignored for a week's time. When you're ready to solve issues, let me know sometime next week.

 

[kyzr]

Do the "rich" employ people?

Yes or No?

No. Consumer demand does... The rich just steal the profits...

We had our greatest prosperity when the rich paid confiscatory taxes and 33% of the workforce was unionized. Why? Because with all that additional consumer demand, there were good jobs to be had as far as the eye could see.

As for the National Debt, we went from the ND being 110% of GDP after WWII to 52% by 1956 through growth and careful management. That was with a massive infrastructure program and cold war spending.

So consumer demand required the rich to hire drivers, private security and butlers? The mods are right about you.

The wealthy can afford to pay more, the rest of us cannot. Besides, they don't hire as many people as they move jobs overseas. There needs to be a limit on the wealth and power of the oligarchs. How much is enough?

 

[beautress]

The Conservative values of small govt. and balancing the budget have been tossed in the trash can by the current crop of Trumpublicans. Now both sides spend wildly..and the only argument is what they wish to spend on.

As many have stated in this thread..a real effort to pay down the debt would appall the voters..on both sides. Trimming entitlements would enrage Democrats. Trimming military spending..raising the tax rate on the wealthy..in fact, raising the tax rate on everybody, would enrage the Republicans. Eliminating the EIC--aggressively pursuing those who owe the Govt. money--eliminating tax credits to business...ending farm subsidies--firing about 1/3 of govt. employees...all that and more would be necessary.

Any politician campaigning on THAT platform--would be laughed out of the country!

I support Donald Trump, Fleegle. so not ALL us "Trumpublicans" as you claim fall in line with spending. That's why I started this thread. I will still support President Trump because he has done a hero's job of stimulating welfare recipients into getting better paying jobs than their welfare brings them. And wages and the stockmarket are in generally higher than they were when Trump took office. This bonanza brings in taxes while fewer welfare recipients are on the take. Over 700,000 welfare recipients now have good jobs. To me, that's a miracle. And many of them take pride in their jobs.

I'm sorry you view us in such a negative light, because many here have said they care that we reduce the national debt if we can, and I would encourage us to work toward debt reduction on principle, if I could.

 

[AzogtheDefiler]

Do the "rich" employ people?

Yes or No?

No. Consumer demand does... The rich just steal the profits...

We had our greatest prosperity when the rich paid confiscatory taxes and 33% of the workforce was unionized. Why? Because with all that additional consumer demand, there were good jobs to be had as far as the eye could see.

As for the National Debt, we went from the ND being 110% of GDP after WWII to 52% by 1956 through growth and careful management. That was with a massive infrastructure program and cold war spending.

So consumer demand required the rich to hire drivers, private security and butlers? The mods are right about you.

The wealthy can afford to pay more, the rest of us cannot. Besides, they don't hire as many people as they move jobs overseas. There needs to be a limit on the wealth and power of the oligarchs. How much is enough?

View attachment 297925

What is your operational definition of “wealthy”? Why worry about them? Worry about you.

 

[kyzr]

Do the "rich" employ people?

Yes or No?

No. Consumer demand does... The rich just steal the profits...

We had our greatest prosperity when the rich paid confiscatory taxes and 33% of the workforce was unionized. Why? Because with all that additional consumer demand, there were good jobs to be had as far as the eye could see.

As for the National Debt, we went from the ND being 110% of GDP after WWII to 52% by 1956 through growth and careful management. That was with a massive infrastructure program and cold war spending.

So consumer demand required the rich to hire drivers, private security and butlers? The mods are right about you.

The wealthy can afford to pay more, the rest of us cannot. Besides, they don't hire as many people as they move jobs overseas. There needs to be a limit on the wealth and power of the oligarchs. How much is enough?

View attachment 297925

What is your operational definition of “wealthy”? Why worry about them? Worry about you.

1. The Wealthy are the top 5% of incomes.
2. They are too powerful. I don't want to become Mexico with a few Trillionaires and the rest of us homeless peons.
3. I am worried about "middle-class" me. Medicare will go bankrupt in 2026, and SS will be insolvent in 2037 unless the DC coxuckers fix entitlements and the Budget Deficit and the $23T Debt. Here are a few ideas how to fix the deficits:

A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax (VAT) +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year

D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

E. If the GOP can't fix the deficits, then the socialists will, don't force me to vote for them

 

[AzogtheDefiler]

Do the "rich" employ people?

Yes or No?

No. Consumer demand does... The rich just steal the profits...

We had our greatest prosperity when the rich paid confiscatory taxes and 33% of the workforce was unionized. Why? Because with all that additional consumer demand, there were good jobs to be had as far as the eye could see.

As for the National Debt, we went from the ND being 110% of GDP after WWII to 52% by 1956 through growth and careful management. That was with a massive infrastructure program and cold war spending.

So consumer demand required the rich to hire drivers, private security and butlers? The mods are right about you.

The wealthy can afford to pay more, the rest of us cannot. Besides, they don't hire as many people as they move jobs overseas. There needs to be a limit on the wealth and power of the oligarchs. How much is enough?

View attachment 297925

What is your operational definition of “wealthy”? Why worry about them? Worry about you.

1. The Wealthy are the top 5% of incomes.
2. They are too powerful. I don't want to become Mexico with a few Trillionaires and the rest of us homeless peons.
3. I am worried about "middle-class" me. Medicare will go bankrupt in 2026, and SS will be insolvent in 2037 unless the DC coxuckers fix entitlements and the Budget Deficit and the $23T Debt. Here are a few ideas how to fix the deficits:

A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax (VAT) +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year

D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

LeBron James is wealthy but he is a pauper compared to Bill Gates. Do you think he cares? No. Worry about yourself and you will be fine. Billionaires and millionaires are people like you and I. For work I work with many and most built it themselves out of nothing or very little.

 

[kyzr]

No. Consumer demand does... The rich just steal the profits...

We had our greatest prosperity when the rich paid confiscatory taxes and 33% of the workforce was unionized. Why? Because with all that additional consumer demand, there were good jobs to be had as far as the eye could see.

As for the National Debt, we went from the ND being 110% of GDP after WWII to 52% by 1956 through growth and careful management. That was with a massive infrastructure program and cold war spending.

So consumer demand required the rich to hire drivers, private security and butlers? The mods are right about you.

The wealthy can afford to pay more, the rest of us cannot. Besides, they don't hire as many people as they move jobs overseas. There needs to be a limit on the wealth and power of the oligarchs. How much is enough?

View attachment 297925

What is your operational definition of “wealthy”? Why worry about them? Worry about you.

1. The Wealthy are the top 5% of incomes.
2. They are too powerful. I don't want to become Mexico with a few Trillionaires and the rest of us homeless peons.
3. I am worried about "middle-class" me. Medicare will go bankrupt in 2026, and SS will be insolvent in 2037 unless the DC coxuckers fix entitlements and the Budget Deficit and the $23T Debt. Here are a few ideas how to fix the deficits:

A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax (VAT) +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year

D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

LeBron James is wealthy but he is a pauper compared to Bill Gates. Do you think he cares? No. Worry about yourself and you will be fine. Billionaires and millionaires are people like you and I. For work I work with many and most built it themselves out of nothing or very little.

The wealthy need guard rails to keep from ruining the economy and the middle class. Obama famously said: "those jobs are not coming back"



Trump recognized that the politicians are just whores for Wall Street and their donors and they got more money for more jobs and factories being moved overseas. Outsourcing was good for Wall Street but not good for Main Street. Whose side are you on? I'm on Trump's side as long as he keeps making more US jobs.

A 7% tax increase on the Top Tax Rate will not affect their lives very much. Mike Bloomberg, Gates, Bezos, Walton, Buffett, Zuckerberg, Ellison, Page, Brin, Koch brothers, etc. would never notice it. Yet it is essential to balance the Budget.
Jeff Bezos, Bill Gates are among 30 among all-time richest Americans

I'm happy they built successful businesses, but they need to share the wealth more.

 

[AzogtheDefiler]

So consumer demand required the rich to hire drivers, private security and butlers? The mods are right about you.

The wealthy can afford to pay more, the rest of us cannot. Besides, they don't hire as many people as they move jobs overseas. There needs to be a limit on the wealth and power of the oligarchs. How much is enough?

View attachment 297925

What is your operational definition of “wealthy”? Why worry about them? Worry about you.

1. The Wealthy are the top 5% of incomes.
2. They are too powerful. I don't want to become Mexico with a few Trillionaires and the rest of us homeless peons.
3. I am worried about "middle-class" me. Medicare will go bankrupt in 2026, and SS will be insolvent in 2037 unless the DC coxuckers fix entitlements and the Budget Deficit and the $23T Debt. Here are a few ideas how to fix the deficits:

A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax (VAT) +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year

D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

LeBron James is wealthy but he is a pauper compared to Bill Gates. Do you think he cares? No. Worry about yourself and you will be fine. Billionaires and millionaires are people like you and I. For work I work with many and most built it themselves out of nothing or very little.

The wealthy need guard rails to keep from ruining the economy and the middle class. Obama famously said: "those jobs are not coming back"



Trump recognized that the politicians are just whores for Wall Street and their donors and they got more money for more jobs and factories being moved overseas. Outsourcing was good for Wall Street but not good for Main Street. Whose side are you on? I'm on Trump's side as long as he keeps making more US jobs.

A 7% tax increase on the Top Tax Rate will not affect their lives very much. Mike Bloomberg, Gates, Bezos, Walton, Buffett, Zuckerberg, Ellison, Page, Brin, Koch brothers, etc. would never notice it. Yet it is essential to balance the Budget.
Jeff Bezos, Bill Gates are among 30 among all-time richest Americans

I'm happy they built successful businesses, but they need to share the wealth more.

They do share by employing thousands

 

[JoeB131]

So consumer demand required the rich to hire drivers, private security and butlers?

I don't know any butlers, do you?

I doubt you have one.

Most working folks are just getting by out here... and we could do very well without the rich parasites..

 

[kyzr]

The wealthy can afford to pay more, the rest of us cannot. Besides, they don't hire as many people as they move jobs overseas. There needs to be a limit on the wealth and power of the oligarchs. How much is enough?

View attachment 297925

What is your operational definition of “wealthy”? Why worry about them? Worry about you.

1. The Wealthy are the top 5% of incomes.
2. They are too powerful. I don't want to become Mexico with a few Trillionaires and the rest of us homeless peons.
3. I am worried about "middle-class" me. Medicare will go bankrupt in 2026, and SS will be insolvent in 2037 unless the DC coxuckers fix entitlements and the Budget Deficit and the $23T Debt. Here are a few ideas how to fix the deficits:

A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax (VAT) +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year

D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

LeBron James is wealthy but he is a pauper compared to Bill Gates. Do you think he cares? No. Worry about yourself and you will be fine. Billionaires and millionaires are people like you and I. For work I work with many and most built it themselves out of nothing or very little.

The wealthy need guard rails to keep from ruining the economy and the middle class. Obama famously said: "those jobs are not coming back"



Trump recognized that the politicians are just whores for Wall Street and their donors and they got more money for more jobs and factories being moved overseas. Outsourcing was good for Wall Street but not good for Main Street. Whose side are you on? I'm on Trump's side as long as he keeps making more US jobs.

A 7% tax increase on the Top Tax Rate will not affect their lives very much. Mike Bloomberg, Gates, Bezos, Walton, Buffett, Zuckerberg, Ellison, Page, Brin, Koch brothers, etc. would never notice it. Yet it is essential to balance the Budget.
Jeff Bezos, Bill Gates are among 30 among all-time richest Americans

I'm happy they built successful businesses, but they need to share the wealth more.

They do share by employing thousands

Employees make them more money.
Taxes are what they pay to keep the country functioning properly, so that they can continue to make mo' money.

 

[AzogtheDefiler]

So consumer demand required the rich to hire drivers, private security and butlers?

I don't know any butlers, do you?

I doubt you have one.

Most working folks are just getting by out here... and we could do very well without the rich parasites..

We are discussing rich people. I hire landscapers, plumbers, etc. but I am not a billionaire. If I start a company with an SBA loan and life savings and 10 years laters it is worth $50mil dollars and employs 300 people, how am I less of a person than someone who didn’t take such a risk and just kept making $15 per hour? I am not. Tax me the same % because I will still pay more in absolute dollars and I created jobs for 300 persons.

 

[AzogtheDefiler]

What is your operational definition of “wealthy”? Why worry about them? Worry about you.

1. The Wealthy are the top 5% of incomes.
2. They are too powerful. I don't want to become Mexico with a few Trillionaires and the rest of us homeless peons.
3. I am worried about "middle-class" me. Medicare will go bankrupt in 2026, and SS will be insolvent in 2037 unless the DC coxuckers fix entitlements and the Budget Deficit and the $23T Debt. Here are a few ideas how to fix the deficits:

A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax (VAT) +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year

D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

LeBron James is wealthy but he is a pauper compared to Bill Gates. Do you think he cares? No. Worry about yourself and you will be fine. Billionaires and millionaires are people like you and I. For work I work with many and most built it themselves out of nothing or very little.

The wealthy need guard rails to keep from ruining the economy and the middle class. Obama famously said: "those jobs are not coming back"



Trump recognized that the politicians are just whores for Wall Street and their donors and they got more money for more jobs and factories being moved overseas. Outsourcing was good for Wall Street but not good for Main Street. Whose side are you on? I'm on Trump's side as long as he keeps making more US jobs.

A 7% tax increase on the Top Tax Rate will not affect their lives very much. Mike Bloomberg, Gates, Bezos, Walton, Buffett, Zuckerberg, Ellison, Page, Brin, Koch brothers, etc. would never notice it. Yet it is essential to balance the Budget.
Jeff Bezos, Bill Gates are among 30 among all-time richest Americans

I'm happy they built successful businesses, but they need to share the wealth more.

They do share by employing thousands

Employees make them more money.
Taxes are what they pay to keep the country functioning properly, so that they can continue to make mo' money.

If I put my life savings and take a bank loan and start a company and 20 years later it is worth $50mil and I employ 300 people then explain how employees make me more $$ when I took the risk and I gave them jobs. I still Pay more in taxes in terms of absolute dollars but the % should be the same. 25% of $1mil is $250k. While 25% of $100k is $25k. I am Already paying $225k more. How much more do you want to take from me?