Deficit Increased by $7B under Trump, But now the GOP tries to claim fiscal Responsibility????

[Eric Arthur Blair]

It's patently obvious that the party opposing Joe Biden's $3.5 TRILLION dollar reiteration of Barack Obama's
failed American Recovery and Reinvestment Act IS, by default, the party of fiscal sanity and restraint despite
what Trump did in office before he was illegitimately run off, vis-a-vis the deficit.

The left insists that the socialist grab bag will cost the American people nothing! And, don't worry, we will
make rich people pay for it all.

How much is more? Seven billion dollars? Or three and a half trillion?

The democrats signed off on every penny spent by Donald Trump, don't forget.

 

[LaDairis]

factually, congress didn't cut spending. Not Trump. Trump merely signed the bill. That was wrong, but I understood why he did it. Doesn't matter, congress owns a budget, not a president. Even xiden doesn't own it. #stop spending should be the mantra.

The Zionist control of the the GOP has purged the GOP of fiscal conservatives, since Zionists do not care about America or how much America owes, especially if America owes what Zionists stole....

Newt was really the last fiscally conservative "leader" in the GOP. The GOP Senators and Reps are overwhelmingly bullshit big spending supporters of Israel not America.

 

[Faun]

so you can't post the paragraph from your link to show we lost revenue. Just as I thought. The fact is, I've never said anything about tax cuts paying for themselves, that's talking points. What I do know because of math and economic's is that tax cuts move money. Creates jobs where individuals pay federal taxes that is turned in as revenue. Come back to the discussion when you've figured out how an economy moves money. Oh, and there isn't one demofk who knows that scenario.

Despite adding 2.4 million jobs, real revenue from federal income taxes fell 2.1% in FY2018 from the previous fiscal year...

 

[LaDairis]

It's patently obvious that the party opposing Joe Biden's $3.5 TRILLION dollar reiteration of Barack Obama's
failed American Recovery and Reinvestment Act IS, by default, the party of fiscal sanity and restraint despite
what Trump did in office before he was illegitimately run off, vis-a-vis the deficit.

The left insists that the socialist grab bag will cost the American people nothing! And, don't worry, we will
make rich people pay for it all.

How much is more? Seven billion dollars? Or three and a half trillion?

The democrats signed off on every penny spent by Donald Trump, don't forget.

Senators from WV and AZ are actually capable of understanding basic math and having concern for America.

The rest of the Dems are devoid of both...

 

[LaDairis]

Despite adding 2.4 million jobs, real revenue from federal income taxes fell 2.1% in FY2018 from the previous fiscal year...

Should America cut off all foreign aid, including aid to Israel?

 

[Toddsterpatriot]

B. How does the government GET money asshole?

From taxes. Do they collect more taxes than the annual interest on the debt? DURR

We already HAVE that "mortgage obligation".

Already said we don't need more debt to pay the current mortgage. You were wrong.

 

[Toddsterpatriot]

Do tax cuts pay for themselves?

Tax rates and revenues Economic activity generally responds to tax changes. If you increase the tax on cigarettes, people will smoke less and some will...

www.taxpolicycenter.org

Tax cuts do not pay for themselves. They increase revenues SOMEWHAT...but never enough to pay for themselves. The DIFFERENCE goes on the debt.

From the attached link

A.
At current tax rates, the direct revenue loss from cutting tax rates almost always exceeds the indirect gain from increased activity or reduced tax avoidance. Cutting tax rates can, however, partly pay for itself. How much depends on how people respond to tax changes.

Tax cuts do not pay for themselves. They increase revenues SOMEWHAT.

People get to keep more of their money AND we get more growth?

Sounds like a win-win!!!

 

[Toddsterpatriot]

The border wall, MEXICO was supposed to pay for?

That's the one!!!

 

[Nostra]

So you're saying that Trump/Republicans raised spending MORE than they lost revenue from their tax cut?

Fine show us where and how much

No, I'm not saying any revenue was lost, Liar.

You claimed revenues went down after the Trump across the board tax cuts. YOUR link proved you are a liar, so why do you continue to push the same lie?

 

[Faun]

I don't even know what a tax cut pays for itself means. Pure misdirection of facts. The fact is, a tax cut creates revenue. Always will, smart politicians know this. That's why there isn't a smart demofk.

It didn't create revenue in FY2018. It didn't in FY2001. It didn't in FY2003. And it didn't in FY1983.

So all we have are rightards claiming tax cuts create revenue when revenue from income tax goes down.

 

[Nostra]

Did the 2017 tax cut—the Tax Cuts and Jobs Act—pay for itself? | Brookings

William Gale disproves a popular mischaracterization of the 2017 Tax Cuts and Jobs Act.

www.brookings.edu

No...it did not. It added to the debt

Explain how higher revenues added to the debt.

More Dimwinger math dipshittery.

 

[Toddsterpatriot]

I was against TARP, it help all the big corps and punished the working class, as usual.

How did it hurt the working class?

 

[Lesh]

From taxes. Do they collect more taxes than the annual interest on the debt? DURR

We already HAVE that "mortgage obligation".

Already said we don't need more debt to pay the current mortgage. You were wrong.

WTF...we have MORE obligations than just the debt interest. A LOT more.

We already "bought the car" and taxes ain't gonna cover it. We either allow more borrowing to cover that cost or we default.

You wanna default?

 

[Nostra]

It does no such thing. I assumed you could read

Your link shows revenues going up each year.

You lied when you said they went down.

 

[Lesh]

Explain how higher revenues added to the debt.

More Dimwinger math dipshittery.

Read what you quoted....stupid

 

[Nostra]

It didn't create revenue in FY2018. It didn't in FY2001. It didn't in FY2003. And it didn't in FY1983.

So all we have are rightards claiming tax cuts create revenue when revenue from income tax goes down.

In which of those years was revenue lower than the year before?

 

[Lesh]

Your link shows revenues going up each year.

going up LESS than would have had the tax cuts not been enacted

 

[Toddsterpatriot]

You're conflating spending with debt. Not all spending is borrowed.

How much will he borrow? 80%?

 

[Nostra]

This is like talking economics with my DOG

A. It assumes no such thing

B. If a tax cut doesn't pay for itself by increasing revenues MORE than it reduces projected revenues...it has not paid for itself and has added to the debt

Once again you are assuming all money belongs to the government. It doesn't

 

[Meister]

Oh please point out how the house inhibited trump's response to the pandemic.

This should be stupid

You can't rewrite history, the past is etched in stone.
Keep trying, skippy