Crepitus
Diamond Member
- Mar 28, 2018
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So..... Why did we need another one?You left out the republican give a away to the rich and the corporations.The Trump administration is forecasting that the deficit for the full budget year, which ends on Sept. 30, will top $1 trillion, up from a deficit of $779 billion last year.
For fuck sakes! What a gong show!
This is what people get for putting the orange clown, Trump, who has bankrupted numerous businesses including a $3 Billion dollar casino disaster! Does good business sense me nothing to Republicans?
This is what you get when people speak out of ANGER and not informed reason... Not your fault entirely because the media neglects to ANALYZE this growing deficit... But it's simple. We KNEW this would happen DECADES ago....
Largest growing fraction of the deficit is the Baby Boomer crisis we were WARNED ABOUT when you were a toddler. It's happening NOW... Both SocSec and Medicare have been in cash flow DEFICIT since about 2010... MANY YEARS AHEAD of the predictions.. We are there... And the reason the deficit is growing is because the govt has LIED about the phony liquidity in the Trust Fund that Congress STOLE AND SPENT for the past 30 years. So every year that SocSec and Medicare have an income shortfall, the money doesn't come from a "trust fund fairy" -- it comes OUT of the Treasury.. And USUALLY as NEW DEBT being issued.
Which MEANS that not only were working Americans ROBBED of the overpayments on Soc Sec and Medicare all their working lives with NO tangible benefit to the FUTURE of these programs, but NOW some of the same working stiff are underwriting NEW DEBT (payable to China and the rest of world) -- which brings us to the OTHER problem..
It's the SPENDING stupid.. Congress continues to blow thru spending caps and RECENTLY -- just ignores them.. EVERY new dollar issued in debt costs taxpayers anywhere from 50 to 100% more than the face value because of interest. And we're making interest payments that are higher than the budgets of about 1/2 of the Federal agencies...
Now WHY -- you ask -- did Obama not EXPLAIN that he was not totally responsible for the rising deficit and FESS UP to the American people? Because NO politician wants to acknowledge that the "Trust Fund" ruse is just a phony accounting gimmick to run up NEW debt. And he was chicken to do that.
Why doesn't Trump do this and lay the problem out for you as simply as I just did? Dunno... He probably has NO plan to deal with the unfunded OFF-BUDGET entitlements and doesn't want to fight that battle right now...
Glad I could help... Try THINKING for yourself a bit more.. It's fun and exhilarating...
And go ahead.. Press for LARGER govt mismanaging LARGE shares of the economy until Congress is running nearly every sector of the economy... Smart........ More "single payer" "universal" everything for every one...
THE LARGEST give-away to "the rich and corporations" are the MASSIVE tax breaks that are protected by BOTH parties. Like the "energy star" tax breaks that Dems put in so that GE ends up with a NEGATIVE tax bill...
Or the VERY rich end up getting "mohair subsidies" for having a few hairy animals on their Montana ranch..
That govt/corporate collusion is FAR MORE of a factor in terms of bucks than a couple percent adjustment in the tax brackets..
When you pay almost NO TAXES because youre a favorite of Congress, you don't even WORRY about tax rates....
You need to get the big picture here and stop thinking in terms of left right party loyalties.. Only Libertarians would have the guts to END most tax rebates for products that are ALREADY on the market...