Biden Admits He Will Raise Taxes


Now, with a Democratic Senate, there is nothing to stop the Democrats. You Biden lovers might need a second job.
You can also make your kids get a job. Perhaps you should see a stockbroker and ask about tax shelters. You have been warned but you did not listen.

Biden voters don't have jobs - they rely on your payments for their existence. The parasites live off those tax payments. Even if they seem to have jobs you will quickly discover that they are some government or other parasitical jobs.

So this is again cuckery. It's up to you to protect yourself, and yes laugh when socialism fails again and these people get genocided on the altar of free shit, as men are not having jobs and thus women are not having babies.

But before that protect yourself - these people have decided on going through with it - it's their instinct to consume everything in sight and they likely are the majority. In democracy there are no checks and balances to their erroneous instinct, now that the constitution has been destroyed. The only warning if you want to give one is that - when they fail - the people who are experts at dealing with this nonsense, which is us, won't be there to help. Even family members who support this stuff - to the dumpster they go when it fails - if they are not there already, this stuff tends to follow to personal finances.
why do you right wing nut say this kind of nonsense ... do you realize how ignorant it makes you look .... I'm A Biden voter .. retired yes, but I worked every day of my life ... starting out with mowing lawns at the age of 10, Bagging groceries on base, delivering the Airfare times on the bike I paid for from mowing lawns and bagging groceries ... to working the grave yard shit, to working a great job after my education ... where do you get this crap we don't work ... nobody on the left supports socialism ... you sound just like all of the rest of these uneducated trumpanzies ... he tells you nonsense and you believe him...the guys going to get his just deserves ... hey republicans theres no such thing as free shit ... its all in your mind thats been corrupted by the right ... the constitution hasn't been destroyed ... it almost did under trump ... we all saw that one coming ... its you republicans who consume everything and destroy it.. if you're not deregulating everything you're polluting it with the waste you make... then cry fowl because we make you stop your polluting ... everytime you republicans leave office the debt is so high 13 trillion this time, then when we raise taxes to make you republicans pay for your debts ... you start with oh these dems/liberals want free be's ... we want to make you all pay for the debts you created just like we did under Obama yes obama the only president who cut more taxes and still pay down on the nation debt ... look what Trump, he cut taxes for the rich 1% who by they way made billions of dollars it tax refunds and the middle class got nothing ... I could go on and on whey you republicans have done under this last president ... and be ware you are going to pay for what the mess you put the people in ...
 
In other words he is willing to make the hard choices that actually fix the economy. Trump cut taxes while raising spending and now we have a deficit that's well over a trillion dollars a year.

Biden realizes you can't cut taxes while without putting spending until he will raise taxes back to a viable level. The difference is unlike Republicans he won't simply raise taxes on the middle class like Reagan and Bush did, wow keeping the taxes on the wealthy incorporations low.

I'm middle-class, and the Republicans lowered my taxes, so I don't know what you're talking about. The last one to increase taxes on the middle-class and poor was Obama. As for spending, where is all that money going to come from for reparations, paying off or forgiving college loans, free college, Medicare for all? Tax the wealthy too high and they leave town taking their jobs with them. The only place Democrats like to cut is our military, and China is neck and neck with us when it comes to power with the additional spending under Trump.
here trump is the one who was totally responsible for this pandemic and all the people who died he's responsible for their deaths ... here the fool takes the CDC out of china and all of the other countries ...the organization who tries to catch a pandemic from coming into the U.S. in 2017 trump dismantled the CDC's pandemic book trashed it ...because anything Obama did he wanted to destroy ... I think it was 2012 the H1N1 virus hit the US ... 12,500 people died under Obama's watch ... he and Biden said they are not going to let that happen again ... that we need a better system to control these pandemic so Biden got with the CDC ... talked to them, they came upon with a plan ... its a real simple one ... we put people from the CDC In all countries... when we become aware of that countries pandemic brake out, we stop all planes and ships coming from that country... thats what we did under obama when Eboli broke out in Africa ... under Obama we only had two deaths ... trump gets into offices and dismantles the whole works and you call him great ... I call that stupid thinking ... now we are dealing with his messes companies closing people losing their jobs in mass number ... OH wait didn't that happen the last time the republicans were in control, as I remember oh so well ... you republicans put us into another Great Depression ... and Obama bailed us out with the market goin up on his way out ...now down, but hey Obama was terrible in your minds cause Hannity told ya so...
 
In other words he is willing to make the hard choices that actually fix the economy. Trump cut taxes while raising spending and now we have a deficit that's well over a trillion dollars a year.

Biden realizes you can't cut taxes while without putting spending until he will raise taxes back to a viable level. The difference is unlike Republicans he won't simply raise taxes on the middle class like Reagan and Bush did, wow keeping the taxes on the wealthy incorporations low.

I'm middle-class, and the Republicans lowered my taxes, so I don't know what you're talking about. The last one to increase taxes on the middle-class and poor was Obama. As for spending, where is all that money going to come from for reparations, paying off or forgiving college loans, free college, Medicare for all? Tax the wealthy too high and they leave town taking their jobs with them. The only place Democrats like to cut is our military, and China is neck and neck with us when it comes to power with the additional spending under Trump.
ray thats 13 trillion and counting, if you weren't aware ... Leviticus, they raised the taxes on everybody because Bush ran us into a Great Depression before he left office you ... that's why taxes got raised you idiot ... by doings so not only did the middle class slowly get their employment back, but more people were employed because of these taxes being raised ... now here we are again ...here we are in a downward spiral because of another bunch of republicans deregulations tax cuts and trump killing people off with his poor leadership ...hell let those corporations leave the country if they feel taxes are too high .. if they want to sell their product in this country after they leave, tax then so much it's not worth their time leaving this country if they want to sell their products ... its time we put these corporations on notice, with their greed in their places ... the ones who stay pay less but fair taxes ... the ones who leave quadruple their taxes make their product nobody can afford to buy ... soon they will learn if you want to do business in the U.S. you pay a fair share in taxes and you don't get to pollute ... its time you republicans learn what life is all about ...
 

Now, with a Democratic Senate, there is nothing to stop the Democrats. You Biden lovers might need a second job.
You can also make your kids get a job. Perhaps you should see a stockbroker and ask about tax shelters. You have been warned but you did not listen.

Of course he will raise taxes. The dumb fuck never learned what Kennedy, Raegan and Trump know. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did.

Oh and raising taxes isn't the only thing that jack ass will be doing. Google a list of what he wants to do and hang onto your wallet.
 

Now, with a Democratic Senate, there is nothing to stop the Democrats. You Biden lovers might need a second job.
You can also make your kids get a job. Perhaps you should see a stockbroker and ask about tax shelters. You have been warned but you did not listen.

Except you are wrong about the macro-economic affect of taxes. Your grade-school home economics doesn't apply. I doubt you know where money in the supply comes from or even the difference between real and nominal
 

Now, with a Democratic Senate, there is nothing to stop the Democrats. You Biden lovers might need a second job.
You can also make your kids get a job. Perhaps you should see a stockbroker and ask about tax shelters. You have been warned but you did not listen.
Source: "atr.com", whatever that is.

So you're saying Joe Biden is not going to raise your taxes?


:laughing0301: :auiqs.jpg::lmao:
Gotta love you suddenly conservative blow hards, who got no issues with Trump wasting 151 million tax dollars golfing every gotdamn week, 14 billion spent on welfare to farmers and counting, the trillion dollar tax cuts to the rich, the 2000 tax free lunches that can now be claimed and on and on and on,WHO THE FUCK YOU THINK PAYS FOR ALL THIS SHIT, YOU STUPID BRAIN DEAD LUMP OF COW SHIT?

Don't care. I want my share of the goodies, a SNAP card, some Trump Bucks, some reparations, and an Obamaphone.

Where's my damned Obamaphone?

You are clueless as to facts.

" The FCC established the Lifeline program in 1984 during the Ronald Reagan Administration to provide qualified individuals with discounts on phone service.[5] In 1997, the FCC broadened the scope of the program under the 1997 Universal Service Order to make Lifeline more affordable for low-income households by raising the federal support amount.[6] Due to the rise of cell phones, the FCC made more changes in 2005 (under the George W. Bush Administration) so that wireless phone service providers could offer free cell phone service using Lifeline benefits. "
 

Now, with a Democratic Senate, there is nothing to stop the Democrats. You Biden lovers might need a second job.
You can also make your kids get a job. Perhaps you should see a stockbroker and ask about tax shelters. You have been warned but you did not listen.
Source: "atr.com", whatever that is.

So you're saying Joe Biden is not going to raise your taxes?


:laughing0301: :auiqs.jpg::lmao:
Gotta love you suddenly conservative blow hards, who got no issues with Trump wasting 151 million tax dollars golfing every gotdamn week, 14 billion spent on welfare to farmers and counting, the trillion dollar tax cuts to the rich, the 2000 tax free lunches that can now be claimed and on and on and on,WHO THE FUCK YOU THINK PAYS FOR ALL THIS SHIT, YOU STUPID BRAIN DEAD LUMP OF COW SHIT?

Don't care. I want my share of the goodies, a SNAP card, some Trump Bucks, some reparations, and an Obamaphone.

Where's my damned Obamaphone?

You are clueless as to facts.

" The FCC established the Lifeline program in 1984 during the Ronald Reagan Administration to provide qualified individuals with discounts on phone service.[5] In 1997, the FCC broadened the scope of the program under the 1997 Universal Service Order to make Lifeline more affordable for low-income households by raising the federal support amount.[6] Due to the rise of cell phones, the FCC made more changes in 2005 (under the George W. Bush Administration) so that wireless phone service providers could offer free cell phone service using Lifeline benefits. "

Nobody ever heard of a "ReaganPhone" or a "BushPhone."

Obamaphone has a nice ring to it, doesn't it?
 
We are $28 trillion in debt so someone saying "I will raise taxes" is simply saying they are willing to be responsible for our debt.

Problem?
The US economy was doing fine under the Obama tax rate, even then the Debt under Obama doubled. Under Trump the Debt doubled again. Under Biden the Debt will keep going up. The crap hits the fan in 2022 or 2023 when the Fed needs to raise the interest rate and the cost of paying for that borrowed money crushes the US Budget, there will be weeping and gnashing of teeth....

Save us Joe Manchin. Stop the Green New Deal and other wasteful spending!

Will Biden actually address the debt? I have my doubts BUT what I asked still stands.

We are $28 trillion in debt. If someone says they are going to raise taxes they are saying they are going to be responsible for the debt.

Problem?

We all should demand we address our debt. We all love our "free stuff" but only like to condemn it out of others. Maybe if the taxes hurt enough they will start condemning "their guy" also.

If those who supported Trump have to pay higher taxes they only have his $8 trillion in new debt and tax cuts to blame.
Your post is confusing?!
1. Will Biden address the Debt? Short answer is NO.
2. If someone raises taxes and increases spending even more, are they addressing the Debt? HELL NO.
3. Problem? The "problem" is spending, and "spending" means entitlements. Much of the Federal Budget is "structural", i.e. "mandatory" spending, such as SS, Medicare, Medicaid, Welfare, and interest on the Debt. (see 2019 Budget below)
4. The Fed can "print money" but that only goes so far, if/when inflation exceeds 2%, the dollar eventually becomes worthless. We're on a very dangerous financial track.
5. Higher income taxes won't hit Trump supporters any more than the democrats. What will hit everyone is Bidens energy policy, with higher gas and electricity costs, and that will increase the cost of everything.

2019 Federal Budget
Mandatory spending $2.74T

Social Security $878b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893.0b
HHS $70.0b
Education $59.9b
VA $83.1b
Homeland $52.7b
Energy Dept $29.2b
NNSA $15.1b
HUD $29.2b
State Dept $40.3b
NASA $19.0b
Foreign Aid $55.0b
All Other Agencies $78.1

If Biden raised taxed 1 Trillion and then spends an extra 2 trillion that won't help BUT it won't be as bad as the one who cuts taxes and then spends an extra 2 trillion.

I'm all for slashing some of the things you list. I'm also for raising taxes to address our debt. Why are you so eager to avoid paying your portion?
1. The GOP economic assumption as shown in their Budgets is to grow the GDP at 4% or more with the tax cuts. We can say that is just plain STUPID, but that was their plan. Obama and Trump actually grew the economy at about 2%, so their rosy growth assumption failed.
2. The bad news is that we need to "fix" entitlements or they go bankrupt. SS will be bankrupt about 2030, and Medicare will be insolvent in 2026, and the democrats talk about "Medicare for all", WTF???
3. So Biden needs to "fix" SS & Medicare ASAP. (raise retirement age, raise co-pays, remove caps, etc.)
4. Why do you say I'm eager to avoid paying taxes? I pay whatever I owe. Look at the wealthy who buy their loopholes.

AND we need to raise taxes. Also, take out the money the Fed simply created out of nothing and we are negative growth. It's all a paper mirage. We have to address the debt.
How should we address our $27T Debt? The last time we had a Balanced Budget was when Newt had his "Contract with America".
So where would you cut spending, and where would you raise revenue?
Here are my recommendations:

  • 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)

    US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
  • C. To cover the budget deficit the following taxes need to be raised:
    1. Raise the top tax rate ~7% above 2016 levels +$400b
    2. Implement a new ~3% Fed sales tax +$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
    Taxing Remittances Can Build the Wall 2% of $140b is +$3b a year
  • D. Reform "fix" entitlements, Medicare & Social Security, currently projected to be insolvent:

I'm going to cut the military and foreign aid. I'm going to cut the bail outs. I'm going to raise taxes. I'm going to make sure the poor does not suffer more than they do now.

P.S. We are $28 trillion in debt.

You are going to make sure the poor “does not suffer like they do now”? What does that mean? How are you going to measure that? Have the poor ever “not suffered” in the past? What about the future? What are the metrics and criteria where we can look and say; “there’s the poor but they are no longer suffering” ?
 
We are $28 trillion in debt so someone saying "I will raise taxes" is simply saying they are willing to be responsible for our debt.

Problem?
The US economy was doing fine under the Obama tax rate, even then the Debt under Obama doubled. Under Trump the Debt doubled again. Under Biden the Debt will keep going up. The crap hits the fan in 2022 or 2023 when the Fed needs to raise the interest rate and the cost of paying for that borrowed money crushes the US Budget, there will be weeping and gnashing of teeth....

Save us Joe Manchin. Stop the Green New Deal and other wasteful spending!

Will Biden actually address the debt? I have my doubts BUT what I asked still stands.

We are $28 trillion in debt. If someone says they are going to raise taxes they are saying they are going to be responsible for the debt.

Problem?

We all should demand we address our debt. We all love our "free stuff" but only like to condemn it out of others. Maybe if the taxes hurt enough they will start condemning "their guy" also.

If those who supported Trump have to pay higher taxes they only have his $8 trillion in new debt and tax cuts to blame.
Your post is confusing?!
1. Will Biden address the Debt? Short answer is NO.
2. If someone raises taxes and increases spending even more, are they addressing the Debt? HELL NO.
3. Problem? The "problem" is spending, and "spending" means entitlements. Much of the Federal Budget is "structural", i.e. "mandatory" spending, such as SS, Medicare, Medicaid, Welfare, and interest on the Debt. (see 2019 Budget below)
4. The Fed can "print money" but that only goes so far, if/when inflation exceeds 2%, the dollar eventually becomes worthless. We're on a very dangerous financial track.
5. Higher income taxes won't hit Trump supporters any more than the democrats. What will hit everyone is Bidens energy policy, with higher gas and electricity costs, and that will increase the cost of everything.

2019 Federal Budget
Mandatory spending $2.74T

Social Security $878b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893.0b
HHS $70.0b
Education $59.9b
VA $83.1b
Homeland $52.7b
Energy Dept $29.2b
NNSA $15.1b
HUD $29.2b
State Dept $40.3b
NASA $19.0b
Foreign Aid $55.0b
All Other Agencies $78.1

If Biden raised taxed 1 Trillion and then spends an extra 2 trillion that won't help BUT it won't be as bad as the one who cuts taxes and then spends an extra 2 trillion.

I'm all for slashing some of the things you list. I'm also for raising taxes to address our debt. Why are you so eager to avoid paying your portion?
1. The GOP economic assumption as shown in their Budgets is to grow the GDP at 4% or more with the tax cuts. We can say that is just plain STUPID, but that was their plan. Obama and Trump actually grew the economy at about 2%, so their rosy growth assumption failed.
2. The bad news is that we need to "fix" entitlements or they go bankrupt. SS will be bankrupt about 2030, and Medicare will be insolvent in 2026, and the democrats talk about "Medicare for all", WTF???
3. So Biden needs to "fix" SS & Medicare ASAP. (raise retirement age, raise co-pays, remove caps, etc.)
4. Why do you say I'm eager to avoid paying taxes? I pay whatever I owe. Look at the wealthy who buy their loopholes.

AND we need to raise taxes. Also, take out the money the Fed simply created out of nothing and we are negative growth. It's all a paper mirage. We have to address the debt.
How should we address our $27T Debt? The last time we had a Balanced Budget was when Newt had his "Contract with America".
So where would you cut spending, and where would you raise revenue?
Here are my recommendations:

  • 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)

    US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
  • C. To cover the budget deficit the following taxes need to be raised:
    1. Raise the top tax rate ~7% above 2016 levels +$400b
    2. Implement a new ~3% Fed sales tax +$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
    Taxing Remittances Can Build the Wall 2% of $140b is +$3b a year
  • D. Reform "fix" entitlements, Medicare & Social Security, currently projected to be insolvent:

I'm going to cut the military and foreign aid. I'm going to cut the bail outs. I'm going to raise taxes. I'm going to make sure the poor does not suffer more than they do now.

P.S. We are $28 trillion in debt.

You are going to make sure the poor “does not suffer like they do now”? What does that mean? How are you going to measure that? Have the poor ever “not suffered” in the past? What about the future? What are the metrics and criteria where we can look and say; “there’s the poor but they are no longer suffering” ?

The "how" is discussed here every day.
 
In other words he is willing to make the hard choices that actually fix the economy. Trump cut taxes while raising spending and now we have a deficit that's well over a trillion dollars a year.

Biden realizes you can't cut taxes while without putting spending until he will raise taxes back to a viable level. The difference is unlike Republicans he won't simply raise taxes on the middle class like Reagan and Bush did, wow keeping the taxes on the wealthy incorporations low.

I'm middle-class, and the Republicans lowered my taxes, so I don't know what you're talking about. The last one to increase taxes on the middle-class and poor was Obama. As for spending, where is all that money going to come from for reparations, paying off or forgiving college loans, free college, Medicare for all? Tax the wealthy too high and they leave town taking their jobs with them. The only place Democrats like to cut is our military, and China is neck and neck with us when it comes to power with the additional spending under Trump.
ray thats 13 trillion and counting, if you weren't aware ... Leviticus, they raised the taxes on everybody because Bush ran us into a Great Depression before he left office you ... that's why taxes got raised you idiot ... by doings so not only did the middle class slowly get their employment back, but more people were employed because of these taxes being raised ... now here we are again ...here we are in a downward spiral because of another bunch of republicans deregulations tax cuts and trump killing people off with his poor leadership ...hell let those corporations leave the country if they feel taxes are too high .. if they want to sell their product in this country after they leave, tax then so much it's not worth their time leaving this country if they want to sell their products ... its time we put these corporations on notice, with their greed in their places ... the ones who stay pay less but fair taxes ... the ones who leave quadruple their taxes make their product nobody can afford to buy ... soon they will learn if you want to do business in the U.S. you pay a fair share in taxes and you don't get to pollute ... its time you republicans learn what life is all about ...
The housing bubble was warned about for years. And Bush warned the congress. Junk bond status with people given home mortgages who never paid down much debt in their lives. Another bubble is forming. A President when he is elected, comes into office at times with a positive near future or maybe not a positive near future.
 
ray thats 13 trillion and counting, if you weren't aware ... Leviticus, they raised the taxes on everybody because Bush ran us into a Great Depression before he left office you ... that's why taxes got raised you idiot ... by doings so not only did the middle class slowly get their employment back, but more people were employed because of these taxes being raised ... now here we are again ...here we are in a downward spiral because of another bunch of republicans deregulations tax cuts and trump killing people off with his poor leadership ...hell let those corporations leave the country if they feel taxes are too high .. if they want to sell their product in this country after they leave, tax then so much it's not worth their time leaving this country if they want to sell their products ... its time we put these corporations on notice, with their greed in their places ... the ones who stay pay less but fair taxes ... the ones who leave quadruple their taxes make their product nobody can afford to buy ... soon they will learn if you want to do business in the U.S. you pay a fair share in taxes and you don't get to pollute ... its time you republicans learn what life is all about ...

Then argue the tax numbers with my CPA. I got a tax cut and most every middle-class person did. Want to tariff all imports? Great. Next time you need a new 60" television, it's going to cost you over $2,500, or a new Iphone that will cost you $1,800. You can't just tax businesses that leave because of the communists tax increases. You either tariff all imports or you don't. When Trump put a tariff on Chinese products, you on the left were screaming bloody murder. Now it's okay if Biden does the same thing only tenfold.
 
here trump is the one who was totally responsible for this pandemic and all the people who died he's responsible for their deaths ... here the fool takes the CDC out of china and all of the other countries ...the organization who tries to catch a pandemic from coming into the U.S. in 2017 trump dismantled the CDC's pandemic book trashed it ...because anything Obama did he wanted to destroy ... I think it was 2012 the H1N1 virus hit the US ... 12,500 people died under Obama's watch ... he and Biden said they are not going to let that happen again ... that we need a better system to control these pandemic so Biden got with the CDC ... talked to them, they came upon with a plan ... its a real simple one ... we put people from the CDC In all countries... when we become aware of that countries pandemic brake out, we stop all planes and ships coming from that country... thats what we did under obama when Eboli broke out in Africa ... under Obama we only had two deaths ... trump gets into offices and dismantles the whole works and you call him great ... I call that stupid thinking ... now we are dealing with his messes companies closing people losing their jobs in mass number ... OH wait didn't that happen the last time the republicans were in control, as I remember oh so well ... you republicans put us into another Great Depression ... and Obama bailed us out with the market goin up on his way out ...now down, but hey Obama was terrible in your minds cause Hannity told ya so...

Why do you leftists tell lies that are so easily proven false? The moronic idea of trying to blame a US President for a worldwide pandemic is as stupid as it gets. Tell me, is DumBama responsible for the over 200,000 Americans that died from the flu during his two terms? And if not, why not? As for the H1N1, even his own people said it was handled the worst possible way imaginable, and the only reason hundreds of thousands didn't die is because they got lucky. Need the video, just ask. As for this so-called pandemic team, most everybody from it still worked at the CDC when this hit. Need the factcheck link, let me know, and learn some truth for a change.

DumBama didn't do squat for the country. The feds dumped trillions of dollars into the markets, and that's what turned the economy around. DumBama didn't make one policy to do that. I don't know how you on the left can live in this fantasy that the most anti-business President in our lifetime was responsible for a good economy. President's don't create jobs, the private sector does. All government can do is make it harder or easier for the private sector to create those jobs, and DumBama made it the worst. That's why it was the slowest recovery since WWII.

During DumBama's second term, the cost of fuel greatly lowered thanks to fracking which the Democrats are totally against. That put a lot of money in most every Americans pockets. Watch what happens to the prices of natural gas, gasoline and propane once that misfit takes over and pushes anti-energy policies. Hell, gasoline is already starting to increase at the mere thought of that dementia patient taking over. The markets are responding right now.
 
We are $28 trillion in debt so someone saying "I will raise taxes" is simply saying they are willing to be responsible for our debt.

Problem?
The US economy was doing fine under the Obama tax rate, even then the Debt under Obama doubled. Under Trump the Debt doubled again. Under Biden the Debt will keep going up. The crap hits the fan in 2022 or 2023 when the Fed needs to raise the interest rate and the cost of paying for that borrowed money crushes the US Budget, there will be weeping and gnashing of teeth....

Save us Joe Manchin. Stop the Green New Deal and other wasteful spending!

Will Biden actually address the debt? I have my doubts BUT what I asked still stands.

We are $28 trillion in debt. If someone says they are going to raise taxes they are saying they are going to be responsible for the debt.

Problem?

We all should demand we address our debt. We all love our "free stuff" but only like to condemn it out of others. Maybe if the taxes hurt enough they will start condemning "their guy" also.

If those who supported Trump have to pay higher taxes they only have his $8 trillion in new debt and tax cuts to blame.
Your post is confusing?!
1. Will Biden address the Debt? Short answer is NO.
2. If someone raises taxes and increases spending even more, are they addressing the Debt? HELL NO.
3. Problem? The "problem" is spending, and "spending" means entitlements. Much of the Federal Budget is "structural", i.e. "mandatory" spending, such as SS, Medicare, Medicaid, Welfare, and interest on the Debt. (see 2019 Budget below)
4. The Fed can "print money" but that only goes so far, if/when inflation exceeds 2%, the dollar eventually becomes worthless. We're on a very dangerous financial track.
5. Higher income taxes won't hit Trump supporters any more than the democrats. What will hit everyone is Bidens energy policy, with higher gas and electricity costs, and that will increase the cost of everything.

2019 Federal Budget
Mandatory spending $2.74T

Social Security $878b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893.0b
HHS $70.0b
Education $59.9b
VA $83.1b
Homeland $52.7b
Energy Dept $29.2b
NNSA $15.1b
HUD $29.2b
State Dept $40.3b
NASA $19.0b
Foreign Aid $55.0b
All Other Agencies $78.1

If Biden raised taxed 1 Trillion and then spends an extra 2 trillion that won't help BUT it won't be as bad as the one who cuts taxes and then spends an extra 2 trillion.

I'm all for slashing some of the things you list. I'm also for raising taxes to address our debt. Why are you so eager to avoid paying your portion?
1. The GOP economic assumption as shown in their Budgets is to grow the GDP at 4% or more with the tax cuts. We can say that is just plain STUPID, but that was their plan. Obama and Trump actually grew the economy at about 2%, so their rosy growth assumption failed.
2. The bad news is that we need to "fix" entitlements or they go bankrupt. SS will be bankrupt about 2030, and Medicare will be insolvent in 2026, and the democrats talk about "Medicare for all", WTF???
3. So Biden needs to "fix" SS & Medicare ASAP. (raise retirement age, raise co-pays, remove caps, etc.)
4. Why do you say I'm eager to avoid paying taxes? I pay whatever I owe. Look at the wealthy who buy their loopholes.

AND we need to raise taxes. Also, take out the money the Fed simply created out of nothing and we are negative growth. It's all a paper mirage. We have to address the debt.
How should we address our $27T Debt? The last time we had a Balanced Budget was when Newt had his "Contract with America".
So where would you cut spending, and where would you raise revenue?
Here are my recommendations:

  • 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)

    US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
  • C. To cover the budget deficit the following taxes need to be raised:
    1. Raise the top tax rate ~7% above 2016 levels +$400b
    2. Implement a new ~3% Fed sales tax +$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
    Taxing Remittances Can Build the Wall 2% of $140b is +$3b a year
  • D. Reform "fix" entitlements, Medicare & Social Security, currently projected to be insolvent:

I'm going to cut the military and foreign aid. I'm going to cut the bail outs. I'm going to raise taxes. I'm going to make sure the poor does not suffer more than they do now.

P.S. We are $28 trillion in debt.

You are going to make sure the poor “does not suffer like they do now”? What does that mean? How are you going to measure that? Have the poor ever “not suffered” in the past? What about the future? What are the metrics and criteria where we can look and say; “there’s the poor but they are no longer suffering” ?

The "how" is discussed here every day.

You obviously can’t speak to the “how” aside from a specious reference which means you have no idea or no metric or goal.
 
We are $28 trillion in debt so someone saying "I will raise taxes" is simply saying they are willing to be responsible for our debt.

Problem?
The US economy was doing fine under the Obama tax rate, even then the Debt under Obama doubled. Under Trump the Debt doubled again. Under Biden the Debt will keep going up. The crap hits the fan in 2022 or 2023 when the Fed needs to raise the interest rate and the cost of paying for that borrowed money crushes the US Budget, there will be weeping and gnashing of teeth....

Save us Joe Manchin. Stop the Green New Deal and other wasteful spending!

Will Biden actually address the debt? I have my doubts BUT what I asked still stands.

We are $28 trillion in debt. If someone says they are going to raise taxes they are saying they are going to be responsible for the debt.

Problem?

We all should demand we address our debt. We all love our "free stuff" but only like to condemn it out of others. Maybe if the taxes hurt enough they will start condemning "their guy" also.

If those who supported Trump have to pay higher taxes they only have his $8 trillion in new debt and tax cuts to blame.
Your post is confusing?!
1. Will Biden address the Debt? Short answer is NO.
2. If someone raises taxes and increases spending even more, are they addressing the Debt? HELL NO.
3. Problem? The "problem" is spending, and "spending" means entitlements. Much of the Federal Budget is "structural", i.e. "mandatory" spending, such as SS, Medicare, Medicaid, Welfare, and interest on the Debt. (see 2019 Budget below)
4. The Fed can "print money" but that only goes so far, if/when inflation exceeds 2%, the dollar eventually becomes worthless. We're on a very dangerous financial track.
5. Higher income taxes won't hit Trump supporters any more than the democrats. What will hit everyone is Bidens energy policy, with higher gas and electricity costs, and that will increase the cost of everything.

2019 Federal Budget
Mandatory spending $2.74T

Social Security $878b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893.0b
HHS $70.0b
Education $59.9b
VA $83.1b
Homeland $52.7b
Energy Dept $29.2b
NNSA $15.1b
HUD $29.2b
State Dept $40.3b
NASA $19.0b
Foreign Aid $55.0b
All Other Agencies $78.1

If Biden raised taxed 1 Trillion and then spends an extra 2 trillion that won't help BUT it won't be as bad as the one who cuts taxes and then spends an extra 2 trillion.

I'm all for slashing some of the things you list. I'm also for raising taxes to address our debt. Why are you so eager to avoid paying your portion?
1. The GOP economic assumption as shown in their Budgets is to grow the GDP at 4% or more with the tax cuts. We can say that is just plain STUPID, but that was their plan. Obama and Trump actually grew the economy at about 2%, so their rosy growth assumption failed.
2. The bad news is that we need to "fix" entitlements or they go bankrupt. SS will be bankrupt about 2030, and Medicare will be insolvent in 2026, and the democrats talk about "Medicare for all", WTF???
3. So Biden needs to "fix" SS & Medicare ASAP. (raise retirement age, raise co-pays, remove caps, etc.)
4. Why do you say I'm eager to avoid paying taxes? I pay whatever I owe. Look at the wealthy who buy their loopholes.
Why do we hear the same bull shit from the right and yet they turn out wrong everytime same old shit Obama didn’t do shit ... the SS going down the tubes ...free he’s up the ass and yet you are wrong about every right wing talking point ... SS is strong as ever ...nobody is getting anything free ... and democrats/liberals aren’t trying to make the U.S. a socialist country ... that’s right wing talking points to get you to vote for them ...
 
Sounds good to me .. it’s about time they start paying for their wrong doing ... I bet the 5 Americans who were killed somebody going to pay ... I hope l get to watch all those protesters who went into the capitol get ten years a piece ...what a bunch of fools ... they bought this trump was cheated by the mail in ballots his lies are getting them all kinds of jail time ... what a bunch of fools,, well they’re republicans what came one expect suckers for every conspiracy on the planet...

What wrong doing? Slavery ended over 150 years ago. Taxpayers today had nothing to do with it, and probably some had ancestors who lost their life in the civil war. Reparations for Democrats means vote buying and nothing more.

I never said he never kept taxes for the middle class he did so of course your taxes are lower. But the fact that the tax cuts created a huge deficit fact of the matter is any point during the recession, means that those tax cuts can't be permanent. Thanks to Trump's policy of across the board tax cuts with drastic spending increases he's more than matched Obama's dishes to the debt in just 4 years.

Just like Reagan and Bush before him Trump would have been forced to raise taxes to lower the deficit. And just like Reagan and Bush before him it would have been the middle class that those increases hit not the wealthy and not the corporations.

You would have been probably paying more than you were before the tax cuts after that
 

Now, with a Democratic Senate, there is nothing to stop the Democrats. You Biden lovers might need a second job.
You can also make your kids get a job. Perhaps you should see a stockbroker and ask about tax shelters. You have been warned but you did not listen.

Biden voters don't have jobs - they rely on your payments for their existence. The parasites live off those tax payments. Even if they seem to have jobs you will quickly discover that they are some government or other parasitical jobs.

So this is again cuckery. It's up to you to protect yourself, and yes laugh when socialism fails again and these people get genocided on the altar of free shit, as men are not having jobs and thus women are not having babies.

But before that protect yourself - these people have decided on going through with it - it's their instinct to consume everything in sight and they likely are the majority. In democracy there are no checks and balances to their erroneous instinct, now that the constitution has been destroyed. The only warning if you want to give one is that - when they fail - the people who are experts at dealing with this nonsense, which is us, won't be there to help. Even family members who support this stuff - to the dumpster they go when it fails - if they are not there already, this stuff tends to follow to personal finances.
you know its hard to read your uneducated responses.. nothing in your post is factually correct .. its like I'm listening to fox noise ... are you fond of crackers ??? cause you sure repeat a lot ... mostly nonsense nothing factual .... you're pissed if they're working and you're pissed if they aren't ... if you don't like them having babies, then abort them ... don't come here and rag about you having to pay for them ... Jesus you're a parrot ...
 
We are $28 trillion in debt so someone saying "I will raise taxes" is simply saying they are willing to be responsible for our debt.

Problem?
The US economy was doing fine under the Obama tax rate, even then the Debt under Obama doubled. Under Trump the Debt doubled again. Under Biden the Debt will keep going up. The crap hits the fan in 2022 or 2023 when the Fed needs to raise the interest rate and the cost of paying for that borrowed money crushes the US Budget, there will be weeping and gnashing of teeth....

Save us Joe Manchin. Stop the Green New Deal and other wasteful spending!

Will Biden actually address the debt? I have my doubts BUT what I asked still stands.

We are $28 trillion in debt. If someone says they are going to raise taxes they are saying they are going to be responsible for the debt.

Problem?

We all should demand we address our debt. We all love our "free stuff" but only like to condemn it out of others. Maybe if the taxes hurt enough they will start condemning "their guy" also.

If those who supported Trump have to pay higher taxes they only have his $8 trillion in new debt and tax cuts to blame.
Your post is confusing?!
1. Will Biden address the Debt? Short answer is NO.
2. If someone raises taxes and increases spending even more, are they addressing the Debt? HELL NO.
3. Problem? The "problem" is spending, and "spending" means entitlements. Much of the Federal Budget is "structural", i.e. "mandatory" spending, such as SS, Medicare, Medicaid, Welfare, and interest on the Debt. (see 2019 Budget below)
4. The Fed can "print money" but that only goes so far, if/when inflation exceeds 2%, the dollar eventually becomes worthless. We're on a very dangerous financial track.
5. Higher income taxes won't hit Trump supporters any more than the democrats. What will hit everyone is Bidens energy policy, with higher gas and electricity costs, and that will increase the cost of everything.

2019 Federal Budget
Mandatory spending $2.74T

Social Security $878b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893.0b
HHS $70.0b
Education $59.9b
VA $83.1b
Homeland $52.7b
Energy Dept $29.2b
NNSA $15.1b
HUD $29.2b
State Dept $40.3b
NASA $19.0b
Foreign Aid $55.0b
All Other Agencies $78.1
I can see you know how to count ... 1 2 3 4 me too ... the problem is you have no idea what you are talking about ....
1) welfare doesn't cost us 426 billion dollars ... what you are posting in the cost of 126 plans in the welfare fair system some people get food stamps but not welfare some get medicaid but not food stamps or welfare you're condemning the system ...which by the way is 19% of the national budget ... if you don't like paying for these programs then leave the country ... these plans do what they say.. they help people who needs help... whose companies they work for refuse to give them the benefits they need to survive... don't even go to well, illegals are getting welfare ... they are not ... plus the people who are working also pay for these benefits out of their pay checks too ...
 
I never said he never kept taxes for the middle class he did so of course your taxes are lower. But the fact that the tax cuts created a huge deficit fact of the matter is any point during the recession, means that those tax cuts can't be permanent. Thanks to Trump's policy of across the board tax cuts with drastic spending increases he's more than matched Obama's dishes to the debt in just 4 years.

Just like Reagan and Bush before him Trump would have been forced to raise taxes to lower the deficit. And just like Reagan and Bush before him it would have been the middle class that those increases hit not the wealthy and not the corporations.

You would have been probably paying more than you were before the tax cuts after that

Cutting taxes for some while increasing them on others is simply called wealth redistribution. Cutting taxes doesn't increase the debt or deficit--spending does. When Trump first went in he increased the spending for our military Obama allowed to go to hell. Afterwards was the spending to get us through a pandemic we haven't seen in this country in over a hundred years. Even then the Democrats kept wanting to spend more and the Republicans less. It wasn't until the government was just about to shutdown when the Republicans felt they had no choice but to capitulate to the pork Piglosi refused to let go of.

But now we are here. It is time for more taxes; not from the people that pay most all of our income taxes, but from those who never have which is nearly half this country. I'm all for a consumption tax. All proceeds go to the deficit. When the deficit increases, so would the consumption tax. Then you'd see how people would be pissed at stupidity like funding Planned Parenthood, NPR, PBS, the Kennedy Center, Pakistani gender studies.........
 
I can see you know how to count ... 1 2 3 4 me too ... the problem is you have no idea what you are talking about ....
1) welfare doesn't cost us 426 billion dollars ... what you are posting in the cost of 126 plans in the welfare fair system some people get food stamps but not welfare some get medicaid but not food stamps or welfare you're condemning the system ...which by the way is 19% of the national budget ... if you don't like paying for these programs then leave the country ...

Maybe you should leave the country because it was never intended for the federal government to have such programs.

"I cannot undertake to lay my finger on that article of the Constitution that grants Congress, the right of expending on articles of benevolence, the money of their constituents."
James Madison, annals of Congress, 1794

these plans do what they say.. they help people who needs help... whose companies they work for refuse to give them the benefits they need to survive... don't even go to well, illegals are getting welfare ... they are not ... plus the people who are working also pay for these benefits out of their pay checks too ...

Adult illegals don't get welfare but their children do. Payroll taxes are not income taxes. It's income taxes that support all these welfare programs. So lower income people don't pay those taxes.
 

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