The Deafening Silence

[KissMy]

I've no problem with the tax cut but financing it on the hope of jam tomorrow is like a measure from the Italian budgets of the 1980s.

The social security and military budgets must be slashed to bring some semblance of sanity to the US finances.

However that would mean taking on special interest groups and an electoral hit, so hey lets just pass the Grandchildren the debt like always.

The debt don't go to the Grand-kids, just ask Puerto Rico. Prices climb & services get slashed soon after the tax cut. Stimulus is only needed after massive recessions. Doing stimulus now will just cause an inflationary bubble that will end in massive job loss, more lost tax revenue & another massive stimulus spending bailout. This is the beginning of a massive financial train-wreck.

 

[KissMy]

Reagan 1981 Tax Cut, reduced the top marginal income tax rates from 70% to 50% and the bottom rate dropping from 14% to 11%. This act slashed estate taxes and trimmed taxes paid by business corporations by $150 billion over a five-year period. Additionally the tax rates were indexed for inflation, though the indexing was delayed until 1985.

It passed on August 4, 1981, and was signed into law on August 13, 1981, by President Ronald Reagan at his California ranch.

In the year after enactment of 1981 tax cut, the deficit ballooned, driving interest rates from around 12% to over 20%, crashing the economy into a worse second dip of the double dip recession" The Dow Jones average, which had been over 1000 before it's enactment, fell to 770 by September 1982. Much of the 1981 tax cut was backed out in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), sometimes called the largest tax increase of the post-war period. The "Reagan recovery" began within weeks of enactment of TEFRA.

Reagan 1986 Tax Reform (TRA) enacted October 22, 1986) to simplify the income tax code, broaden the tax base and eliminate many tax shelters. The bill was also officially sponsored by Democrats.

The Tax Reform Act of 1986 was given impetus by a detailed tax-simplification proposal from President Reagan's Treasury Department, and was designed to be tax-revenue neutral because Reagan stated that he would veto any bill that was not. Revenue neutrality was achieved by offsetting tax cuts for individuals by eliminating $60 billion annually in tax loopholes and shifting $24 billion of the tax burden from individuals to corporations by eliminating the investment tax credit, slowing depreciation of assets, and enacting a stiff alternative minimum tax on corporations.

 

[KissMy]

Clinton tax hike economy kicked the shit out of Reagan's tax cut deficit explosion economy. Clinton created more jobs than any president in history!

 

[rightwinger]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

The answer is simple, we need to stimulate the economy and put as many people to work as we can. Once the economy is rolling, the government will get its cut and we can pay off the debt. Fixing the Obama disaster has to happen first.

There it is

All tax cuts pay for themselves

 

[KissMy]

Trillion Dollar Annual Deficits as Far as the Eyes Can See!!!

The estimate from the Joint Committee on Taxation, a nonpartisan group of experts, was released Thursday afternoon as lawmakers hotly debated the tax bill on the Senate floor. The Senate GOP bill would add $1 trillion to the debt even after accounting for economic growth generated by the tax cuts.

The Senate GOP tax plan would cause faster economic growth -- about 0.8 percent more over the next decade, JCT found. But that amount of growth only covers about a third of the cost, far short of what is needed to have revenue-neutral tax reform, as the White House initially claimed.

Several Republicans senators, including Sen. Bob Corker (R-Tenn.), have raised serious concerns about how much the tax plan would add to the debt. He wanted to see the nonpartisan estimate. “Everyone has known from Day 1 this is very important to me,” Corker said.

Corker is not the only person worried about America's $20 trillion debt rising even higher (about $15 trillion is actually held by the public). Wall Street bank Goldman Sachs put out a warning Thursday morning that the U.S. debt is on track to hit unsustainable levels in coming years. Goldman's note followed on the heels of testimony from Federal Reserve Chair Janet L. Yellen, who cautioned that the country's growing debt is “the type of thing that should keep people awake at night.”

 

[KissMy]

Government Spending for Every Quarter of Trump & Repubtards are HIGHER than ANY for Obama & Democrats!!!!!!!!!!!!!!!!

 

[Mac1958]

The compilation of our debt has been a group effort.

 

[Aldo Raine]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Moron....Trump hasn't even passed his first budget yet....

Trump's $4.1 trillion budget proposal increases spending $100 Billion per year.

Everyone know's you pay off debt during good economic times, except Repubtards who increase debt at all times!

Let's get real here, neither party has been worried about the debt in like forever!

 

[KissMy]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Moron....Trump hasn't even passed his first budget yet....

Trump's $4.1 trillion budget proposal increases spending $100 Billion per year.

Everyone know's you pay off debt during good economic times, except Repubtards who increase debt at all times!

Let's get real here, neither party has been worried about the debt in like forever!

Bullshit! Bill Clinton had a surplus & Hillary budget paid down $2 Trillion.

 

[thereisnospoon]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Economic growth( an average of 3% per Quarter) will reverse this. Also,. cuts in spending will begin to affect the numbers in the coming months.
Now let's not be unsophisticated here. You know damned well instant reversal of federal stats.is not going to happen.

 

[thereisnospoon]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Is this the new lefty narrative?
It won't work.

 

[thereisnospoon]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Are you finally catching on, or are you still a partisan dupe?

I decided eight days ago to de-register as a Republican. I am going to register as an Independent.

I held out hope for far too long that the GOP could come back to the conservative reservation, but I have now lost all hope that will ever happen.

Who gives a shit.
Its not affiliation that matters. It what one does in the polling place. It is what one says and does.
I can call myself a vanilla shake all day long. Doesn't mean I am a dairy based beverage.

 

[Aldo Raine]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Moron....Trump hasn't even passed his first budget yet....

Trump's $4.1 trillion budget proposal increases spending $100 Billion per year.

Everyone know's you pay off debt during good economic times, except Repubtards who increase debt at all times!

Let's get real here, neither party has been worried about the debt in like forever!

Bullshit! Bill Clinton had a surplus & Hillary budget paid down $2 Trillion.

Bill was dragged there kicking and screaming by a Republican congress but yes he did have surpluses. Hillary's plan means nothing at this point so without being implemented it is a big fat 0.

 

[EvilEyeFleegle]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Republicans only care about the debt when a Democrat is in the White House

And vice-versa--Both parties love to spend our money--they just disagree on what to spend it on.

 

[KissMy]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Moron....Trump hasn't even passed his first budget yet....

Trump's $4.1 trillion budget proposal increases spending $100 Billion per year.

Everyone know's you pay off debt during good economic times, except Repubtards who increase debt at all times!

Let's get real here, neither party has been worried about the debt in like forever!

Bullshit! Bill Clinton had a surplus & Hillary budget paid down $2 Trillion.

Bill was dragged there kicking and screaming by a Republican congress but yes he did have surpluses. Hillary's plan means nothing at this point so without being implemented it is a big fat 0.

You lying hypocrites voted for Spend, Borrow & Bankrupt Trump's budget showing it would add additional $2 Trillion his first term instead of Hillary's budget showing it would pay down $2 Trillion. Your vote in 2012 created $6 Trillion More Debt

Plus you continue to lie claiming Bill Clinton was forced by Borrow & Spend Repubtards to pay down debt. LOL!!! Clinton / Gore & the Democrat congress SLASHED SPENDING as soon as they took power in 1992 election. It continued until Spend, Borrow & Bankrupt Bush / Cheney & the Repubtard congress took over & DESTROYED this country.

 

[theliq]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Outstandingly Honest Post g5000

 

[Lysistrata]

No discussion about the national debt would be complete without a discussion of the invasion of Iraq and the way it was funded.

Iraq war costs U.S. more than $2 trillion: study

How the US public was defrauded by the hidden cost of the Iraq war | Michael Boyle

Obama Bans Gimmicks, and Deficit Will Rise

 

[Aldo Raine]

Moron....Trump hasn't even passed his first budget yet....

Trump's $4.1 trillion budget proposal increases spending $100 Billion per year.

Everyone know's you pay off debt during good economic times, except Repubtards who increase debt at all times!

Let's get real here, neither party has been worried about the debt in like forever!

Bullshit! Bill Clinton had a surplus & Hillary budget paid down $2 Trillion.

Bill was dragged there kicking and screaming by a Republican congress but yes he did have surpluses. Hillary's plan means nothing at this point so without being implemented it is a big fat 0.

You lying hypocrites voted for Spend, Borrow & Bankrupt Trump's budget showing it would add additional $2 Trillion his first term instead of Hillary's budget showing it would pay down $2 Trillion. Your vote in 2012 created $6 Trillion More Debt

Plus you continue to lie claiming Bill Clinton was forced by Borrow & Spend Repubtards to pay down debt. LOL!!! Clinton / Gore & the Democrat congress SLASHED SPENDING as soon as they took power in 1992 election. It continued until Spend, Borrow & Bankrupt Bush / Cheney & the Repubtard congress took over & DESTROYED this country.

You got the wrong guy if you think I voted for Trump. Nut please rant on, I enjoy watching a decent fit.

 

[Correll]

On the day Trump was inaugurated, the US debt stood at $19,947,304,555,212.

11 months later, it is $20,602,414,047,303.

The GOP has owned Congress for three years.


After bitching and whining and moaning and thrashing themselves silly over the climbing debt on Obama's watch, the pseudocons have been completely silent while Trump runs up the tab.

And since Trump is pushing a fake reform tax bill which will add another $1,500,000,000,000 to the federal debt, once can't help but detect the stench of hypocrisy before a psuedocon even comes over the horizon.

Your desire to have us push austerity so that you can demagogue any cuts, is noted. And very odd.


Are you growing uncomfortable just make up shit from nothing?


Do you feel a need to have a grain of truth to work with, for your lies?

 

[edthecynic]

Republicans only care about the debt when a Democrat is in the White House