We already know know Trump can't rein in govt spending, so what plan do the Dems have to lower spending?

[Dragonlady]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

Congress controls all spending. See article I of the Constitution. The Pres submits a budget for each fiscal year, but Congress has the final say. The Pres can veto any law passed by Congress, but the veto can be overridden by a 2/3 vote of both houses of Congress.

Which hasn't happened. Trump has signed off on every penny of debt.

Now the (D)'s say they will raise the taxes on the rich, along with many other things does need done to address the debt but they likely won't.

Trump fiscally is a disaster that is the good news, the bad news is he is probably better than the New Green Deal Democrats. Dems will raise taxes on the rich and find a shortfall, so debt will go up or the middle class will pay.

You are fooling yourself if you think the middle class isn't going to have to pay anyway around it.

The middle class always pays.

Not in Canada, where I live. The rich pay here.

 

[Viktor]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

Congress controls all spending. See article I of the Constitution. The Pres submits a budget for each fiscal year, but Congress has the final say. The Pres can veto any law passed by Congress, but the veto can be overridden by a 2/3 vote of both houses of Congress.

Which hasn't happened. Trump has signed off on every penny of debt.

Now the (D)'s say they will raise the taxes on the rich, along with many other things does need done to address the debt but they likely won't.

Trump fiscally is a disaster that is the good news, the bad news is he is probably better than the New Green Deal Democrats. Dems will raise taxes on the rich and find a shortfall, so debt will go up or the middle class will pay.

You are fooling yourself if you think the middle class isn't going to have to pay anyway around it.

The middle class always pays.

Not in Canada, where I live. The rich pay here.

Taxing the wealthy in the USA does not bring in much revenue. The minute you raise their tax rates or cut their deductions, they shift more of their money into tax shelters where it cannot be taxed at all or is taxed at a much lower rate. Tax shelters are available to everyone in America. We have IRAs, 401Ks and municipal bonds.

 

[Markle]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There is no plan from the Democrats . There is no plan from any quarter. We may have to sell off Yellowstone to get close to balancing the books.

The current Republicans are not fiscally responsible. The last president to balance the budget was Bill Clinton, every since then the deficit has increased and not president, not even Bush or Obama, has balanced the budget.

As you know,

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The Democrats didn't do these things under Obama so what makes you think they would under Biden?

Don't you mean Kamala?

 

[Markle]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

Congress controls all spending. See article I of the Constitution. The Pres submits a budget for each fiscal year, but Congress has the final say. The Pres can veto any law passed by Congress, but the veto can be overridden by a 2/3 vote of both houses of Congress.

Which hasn't happened. Trump has signed off on every penny of debt.

Now the (D)'s say they will raise the taxes on the rich, along with many other things does need done to address the debt but they likely won't.

Trump fiscally is a disaster that is the good news, the bad news is he is probably better than the New Green Deal Democrats. Dems will raise taxes on the rich and find a shortfall, so debt will go up or the middle class will pay.

You are fooling yourself if you think the middle class isn't going to have to pay anyway around it.

The middle class always pays.

Not in Canada, where I live. The rich pay here.

Which helps explain your shortage of doctors and cruel, months-long waiting lists to see a specialist. Tragic. But, you actually believe it is FREE so it's okay to die waiting for mediocre care.

 

[Papageorgio]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The tax loopholes got bigger under Obama, not less. The last President and Congress to tighten up tax loop holes was Reagan and O'Neil. Every administration since then has allowed more and more loopholes in to help the rich. Ignorance of ignoring an issue just allows the issue to continue. Partisans are a major problem when it comes to reform of any kind.

Reaching across the aisle is the answer, see Reagan, O'Neil, Clinton and Gingrich, without concerted effort, the United States loses.

 

[Staidhup]

See here you go, tax until there’s nothing left to tax, remember it’s all about feeding the beast got to love em there so predictable.

 

[Dragonlady]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The Democrats didn't do these things under Obama so what makes you think they would under Biden?

Democrats didn't do these things because Republicans held the House and the Senate, and Mitch McConnell refuses to pass any legislation to make these things possible. After November 3rd, Democrats will have the House, the Senate and the White House.

Republicans have proven over and over again that they are utterly lacking in the ability to run the country, or manage the economy. 40 years after Roosevelt's New Deal, Americans were living the "American Dream". LBJ's War against Poverty lifted millions of Americans out of poverty through opportunity and education, and the United States was the world's leading superpower with a powerhouse economy.

40 years of Republican public policy and tax codes has seen 80% of the wealth and income of the nation flowing to the wealthiest corporations and individual. That's up from 40% when Reagan took office. Republicans have created the greatest transfer of wealth in the history of the world - all of it upward, from the working and middle class to the wealthy.

40 years of Republican public policy and state management have reduced the standing of the USA in education, infrastructure, and standard of living versus the rest of the world. You are the only country in the first world with declining life expectancy. It's gone down in each of the past 5 years BEFORE covid19 killed more Americans than any other nation on earth.

 

[Papageorgio]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

Congress controls all spending. See article I of the Constitution. The Pres submits a budget for each fiscal year, but Congress has the final say. The Pres can veto any law passed by Congress, but the veto can be overridden by a 2/3 vote of both houses of Congress.

Which hasn't happened. Trump has signed off on every penny of debt.

Now the (D)'s say they will raise the taxes on the rich, along with many other things does need done to address the debt but they likely won't.

Trump fiscally is a disaster that is the good news, the bad news is he is probably better than the New Green Deal Democrats. Dems will raise taxes on the rich and find a shortfall, so debt will go up or the middle class will pay.

You are fooling yourself if you think the middle class isn't going to have to pay anyway around it.

The middle class always pays.

Not in Canada, where I live. The rich pay here.

Actually, this federal government has raised taxes on Canada’s middle class: op-ed

Ottawa eliminated several tax credits.

www.fraserinstitute.org

9.2.4 Tax brackets and rates - Canada.ca

Learn about tax brackets in Canada and Quebec. Calculate your average federal tax rate and marginal federal tax rate.

www.canada.ca

9.2.4 Tax brackets and rates - Canada.ca

Learn about tax brackets in Canada and Quebec. Calculate your average federal tax rate and marginal federal tax rate.

www.canada.ca

Federal Income Tax Brackets for Tax Years 2019 and 2020 - SmartAsset

Federal income tax brackets are adjusted every year for inflation. They're slightly higher for Tax Year 2020 than Tax Year 2019. Read on for both tables.

smartasset.com

.

Not seeing much of a difference between the two as far as middle class goes. I think you believe what your government spoon feeds you.

 

[Dragonlady]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The tax loopholes got bigger under Obama, not less. The last President and Congress to tighten up tax loop holes was Reagan and O'Neil. Every administration since then has allowed more and more loopholes in to help the rich. Ignorance of ignoring an issue just allows the issue to continue. Partisans are a major problem when it comes to reform of any kind.

Reaching across the aisle is the answer, see Reagan, O'Neil, Clinton and Gingrich, without concerted effort, the United States loses.

Of course they did. Republicans controlled the House and Senate and cut taxes for their donors at every opportunity. Reagan tightened loopholes only after his tax cuts tanked and crashed the economy. He didn't want to raise taxes, but he desperately needed to raise revenues to offset the rapidly increasing deficit due to the crash. So he closed as many loopholes as possible to mitigate the damage done by the tax cuts. It wasn't because of any concern about loopholes. It was so he could say he never raised taxes.

Now subsequently Ronnie realized that closing loopholes wasn't enough and he did raise taxes. As toxic as his policies ended up being, at least Reagan had the good sense to realize that his "trickle down" theory had backfired completely and that the tax cuts weren't working. Even with dementia, Reagan had more sense than W or Trump in that regard.

But Republicans keep repeating this "tax and spend" strategy, lying to the American people saying it creates jobs, it will pay for itself, and that wages will go up as a result. None of this is true, and none this has happened.

 

[LeftofLeft]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

Congress controls all spending. See article I of the Constitution. The Pres submits a budget for each fiscal year, but Congress has the final say. The Pres can veto any law passed by Congress, but the veto can be overridden by a 2/3 vote of both houses of Congress.

Which hasn't happened. Trump has signed off on every penny of debt.

Now the (D)'s say they will raise the taxes on the rich, along with many other things does need done to address the debt but they likely won't.

Raising taxes on the rich only serves to stiff the Middle Class. With continued spending, the Democrats will simply blame Trump while they do it.

 

[Brain357]

Nobody is worse than trump, any change will be an improvement. Ran a trillion dollar deficit during a good economy.

 

[Brain357]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

Congress controls all spending. See article I of the Constitution. The Pres submits a budget for each fiscal year, but Congress has the final say. The Pres can veto any law passed by Congress, but the veto can be overridden by a 2/3 vote of both houses of Congress.

Which hasn't happened. Trump has signed off on every penny of debt.

Now the (D)'s say they will raise the taxes on the rich, along with many other things does need done to address the debt but they likely won't.

Trump fiscally is a disaster that is the good news, the bad news is he is probably better than the New Green Deal Democrats. Dems will raise taxes on the rich and find a shortfall, so debt will go up or the middle class will pay.

You are fooling yourself if you think the middle class isn't going to have to pay anyway around it.

The middle class always pays.

Not in Canada, where I live. The rich pay here.

Taxing the wealthy in the USA does not bring in much revenue. The minute you raise their tax rates or cut their deductions, they shift more of their money into tax shelters where it cannot be taxed at all or is taxed at a much lower rate. Tax shelters are available to everyone in America. We have IRAs, 401Ks and municipal bonds.

Their tax cuts sure don’t help anything.

 

[Brain357]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The tax loopholes got bigger under Obama, not less. The last President and Congress to tighten up tax loop holes was Reagan and O'Neil. Every administration since then has allowed more and more loopholes in to help the rich. Ignorance of ignoring an issue just allows the issue to continue. Partisans are a major problem when it comes to reform of any kind.

Reaching across the aisle is the answer, see Reagan, O'Neil, Clinton and Gingrich, without concerted effort, the United States loses.

Of course they did. Republicans controlled the House and Senate and cut taxes for their donors at every opportunity. Reagan tightened loopholes only after his tax cuts tanked and crashed the economy. He didn't want to raise taxes, but he desperately needed to raise revenues to offset the rapidly increasing deficit due to the crash. So he closed as many loopholes as possible to mitigate the damage done by the tax cuts. It wasn't because of any concern about loopholes. It was so he could say he never raised taxes.

Now subsequently Ronnie realized that closing loopholes wasn't enough and he did raise taxes. As toxic as his policies ended up being, at least Reagan had the good sense to realize that his "trickle down" theory had backfired completely and that the tax cuts weren't working. Even with dementia, Reagan had more sense than W or Trump in that regard.

But Republicans keep repeating this "tax and spend" strategy, lying to the American people saying it creates jobs, it will pay for itself, and that wages will go up as a result. None of this is true, and none this has happened.

Republicans cut taxes for the wealthy and borrow.

 

[Adrenochrome Junkie]

Hahaha hilarious. A bunch of socialists think they can balance the budget!

How many trillions is the green new deal gonna cost?

What about expanded ObamaCare?

what about their $1000/month to every American?

what about reparations?

What kind of fantasy do you DemonRats Live in?

 

[Brain357]

Hahaha hilarious. A bunch of socialists think they can balance the budget!

How many trillions is the green new deal gonna cost?

What about expanded ObamaCare?

what about their $1000/month to every American?

what about reparations?

What kind of fantasy do you DemonRats Live in?

Trump increased Obama deficits. Dems seem to have the better record.

 

[Papageorgio]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The Democrats didn't do these things under Obama so what makes you think they would under Biden?

Democrats didn't do these things because Republicans held the House and the Senate, and Mitch McConnell refuses to pass any legislation to make these things possible. After November 3rd, Democrats will have the House, the Senate and the White House.

Republicans have proven over and over again that they are utterly lacking in the ability to run the country, or manage the economy. 40 years after Roosevelt's New Deal, Americans were living the "American Dream". LBJ's War against Poverty lifted millions of Americans out of poverty through opportunity and education, and the United States was the world's leading superpower with a powerhouse economy.

40 years of Republican public policy and tax codes has seen 80% of the wealth and income of the nation flowing to the wealthiest corporations and individual. That's up from 40% when Reagan took office. Republicans have created the greatest transfer of wealth in the history of the world - all of it upward, from the working and middle class to the wealthy.

40 years of Republican public policy and state management have reduced the standing of the USA in education, infrastructure, and standard of living versus the rest of the world. You are the only country in the first world with declining life expectancy. It's gone down in each of the past 5 years BEFORE covid19 killed more Americans than any other nation on earth.

Obama had the House and Senate from 2008-2010 and lost it because of them not doing what the public wanted. You want to try again? I tire of this Republican did this and that BS. Why are Democrats such poor victims? Reagan was the downfall of America, that's the stupid chant. Never in Reagan's 8 years did he hold both houses of Congress. The Democrats had at least the House of the Senate. Another pesky fact, since 1933, or 87 years, the Democrats have held the Presidency 48 years, the Senate 62 years and the House 66 years. The Democrats have held the Presidency, the Senate and the House for 34 years, while the Republicans have had that advantage 8 times.

So please, the Democrats have had most the power and have had the policies for a lot longer than the Republicans, yet you blame the Republicans.

Reagan and O'Neill cut the loopholes out of the tax codes and as the years have progressed both Democrats and Republicans have added them back.

Your whole diatribe is based on nothing factual, just your opinion, which with $5 will get you coffee at Starbucks.

 

[Brain357]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The Democrats didn't do these things under Obama so what makes you think they would under Biden?

Democrats didn't do these things because Republicans held the House and the Senate, and Mitch McConnell refuses to pass any legislation to make these things possible. After November 3rd, Democrats will have the House, the Senate and the White House.

Republicans have proven over and over again that they are utterly lacking in the ability to run the country, or manage the economy. 40 years after Roosevelt's New Deal, Americans were living the "American Dream". LBJ's War against Poverty lifted millions of Americans out of poverty through opportunity and education, and the United States was the world's leading superpower with a powerhouse economy.

40 years of Republican public policy and tax codes has seen 80% of the wealth and income of the nation flowing to the wealthiest corporations and individual. That's up from 40% when Reagan took office. Republicans have created the greatest transfer of wealth in the history of the world - all of it upward, from the working and middle class to the wealthy.

40 years of Republican public policy and state management have reduced the standing of the USA in education, infrastructure, and standard of living versus the rest of the world. You are the only country in the first world with declining life expectancy. It's gone down in each of the past 5 years BEFORE covid19 killed more Americans than any other nation on earth.

Obama had the House and Senate from 2008-2010 and lost it because of them not doing what the public wanted. You want to try again? I tire of this Republican did this and that BS. Why are Democrats such poor victims? Reagan was the downfall of America, that's the stupid chant. Never in Reagan's 8 years did he hold both houses of Congress. The Democrats had at least the House of the Senate. Another pesky fact, since 1933, or 87 years, the Democrats have held the Presidency 48 years, the Senate 62 years and the House 66 years. The Democrats have held the Presidency, the Senate and the House for 34 years, while the Republicans have had that advantage 8 times.

So please, the Democrats have had most the power and have had the policies for a lot longer than the Republicans, yet you blame the Republicans.

Reagan and O'Neill cut the loopholes out of the tax codes and as the years have progressed both Democrats and Republicans have added them back.

Your whole diatribe is based on nothing factual, just your opinion, which with $5 will get you coffee at Starbucks.

Repubs have held more in recent years and it hasn’t been good...

 

[Andylusion]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

No one has a plan, because the American people are unwilling to take the hit.

The bottom line is, entitlements MUST be cut. And they won't be. The moment they try and cut Social Security, or Medicare, the public will have a toddler level temper tantrum, until things get so bad that they have no choice.

We've had two specific chances to tackle this problem, and the public simply doesn't care about math, and facts.... they "feel" like they deserve these things, and therefore they'll vote anyone into office who will tell them what they want to hear, whether it is true or not.

The first chance we had, was Bush in the 2000s. Bush was going to allow privatization of Social Security. This is what Chile does, and this what Singapore does, and it works.

Instead of a Ponzi scheme, where young people pay for old people, until the money runs out and the system implodes, everyone will have their own money, in their own account, with their own investments. Then it doesn't matter if the government runs a deficit or not, because you have your own money in your own account with your name on it.

Bush got rolled on this. People opposed it, and it was shot down.

The second chance was Greece.

Greece had the exact same problem. People warned Greece that their pension system was completely unsustainable. They warned them over and over, there isn't money for all these benefits. They warned them in the 1990s, all the way until the pension system ran out of money, the health care system ran out of money, the mass transit system ran out of money, the education system ran out of money, the government went into default, and nearly the entire country fell into ruins.

That was our warning shot. That was the sign from G-d in the sky, warning people this does not work.

And we didn't learn anything.

So I don't know what exactly is going to happen, but at this point if we had two clear chances to fix the system, then I don't know could possibly happen in the future, that will prevent a future crash. I don't know what will have to happen in this country, to make people wake up and realize that socialism doesn't work because you run out of other people's money.

My guess is, that what will have to happen, is that we will either have a crisis in the bond market, and that will wake people up (a crisis in the bond market means people refuse to lend money to the US government), or we will have insane inflation, that will harm the economy and result in a depression.

And there is a chance that we actually have default. That is still a possibility, where everything tied to government just gets cut, and we'll see retirees outside banks, on the ground crying. We'll see hospitals closed, with patients on the steps outside, like we did in Greece.

That is a real possiblity, but I wager one of the other two things will happen. Who knows. We'll see.

 

[Papageorgio]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

There are two pillars of fiscal responsibility. One is to increase your revenue to meet expenses. The other is to eliminate UNNECESSARY SPENDING.

They'll cut defence the bloated and totally unnecessary defence spending budget. They'll stop construction on Trump's border wall, and eliminate the concentration camps on the border. There is a lot of pork and waste going to Big Oil, Big Pharma, and the military industrial complex.

Then they'll increase revenues. First by raising the corporate tax to 28%, and closing the loopholes which allow the most profitable company in the world, Amazon, to pay no taxes. Next they'll cancel the Trump tax cuts for the super wealthy. 80% of Trump's tax cuts went to the top 10%. That cancellation will raise the tax rate for the wealthiest Americans.

Most importantly, Democrats will raise the minimum wage to $15 per hour, and reinstate Obama's overtime mandate for low wage "managers". This will reduce the need for Section 8 housing assitance, SNAP benefits, and other income supports for low wage workers, both increasing taxes paid by working Americans, and reducing the need for income supports for minimum wage workers.

Republicans are always critical of "tax and spend" Democrats. But notice that the "tax" comes before the "spending" by Democrats. When Democrats introduce a public program, they create a means to fund the program. When Republicans create a program (MediCare Part D), they add it to the government credit card.

Republicans "cut and spend". They cut taxes for millionaires, and then spend like drunken sailors to mitigate the economic damage done to the economy by doing so. Republicans then claim that the increased revenues generated by the government spending, demonstrate the benefits to the economy of the tax cuts. Both the tax cuts, and the increased government spending, are added to the deficit.

Republicans say that the "tax cuts will pay for themselves". The Office of Budget Management has said that no tax cut in the history of the nation, has EVER paid for itself. Republicans say that "tax cuts create jobs". The Labor Department has said that tax cuts do NOT create jobs. The increases in the labor market following Republican tax cuts is because of increased government spending on the military, and infrastructure following the tax cuts, which creates the jobs.

Every large Republican tax cut and spending spree has been followed by an economic collapse, each worse than the last. Trump has the largest economic collapse since the Great Depression, and the pain and unemployement is rising, now that government payroll assistance has ended.

Americans are just starting to feel the economic pain.

The tax loopholes got bigger under Obama, not less. The last President and Congress to tighten up tax loop holes was Reagan and O'Neil. Every administration since then has allowed more and more loopholes in to help the rich. Ignorance of ignoring an issue just allows the issue to continue. Partisans are a major problem when it comes to reform of any kind.

Reaching across the aisle is the answer, see Reagan, O'Neil, Clinton and Gingrich, without concerted effort, the United States loses.

Of course they did. Republicans controlled the House and Senate and cut taxes for their donors at every opportunity. Reagan tightened loopholes only after his tax cuts tanked and crashed the economy. He didn't want to raise taxes, but he desperately needed to raise revenues to offset the rapidly increasing deficit due to the crash. So he closed as many loopholes as possible to mitigate the damage done by the tax cuts. It wasn't because of any concern about loopholes. It was so he could say he never raised taxes.

Now subsequently Ronnie realized that closing loopholes wasn't enough and he did raise taxes. As toxic as his policies ended up being, at least Reagan had the good sense to realize that his "trickle down" theory had backfired completely and that the tax cuts weren't working. Even with dementia, Reagan had more sense than W or Trump in that regard.

But Republicans keep repeating this "tax and spend" strategy, lying to the American people saying it creates jobs, it will pay for itself, and that wages will go up as a result. None of this is true, and none this has happened.

Republicans NEVER had the House and Senate under Reagan, never. Have any other BS you want to make up?

 

[Brain357]

I curious to know this because despite COVID 19 federal spending must still be curbed and fiscally responsible.

No one has a plan, because the American people are unwilling to take the hit.

The bottom line is, entitlements MUST be cut. And they won't be. The moment they try and cut Social Security, or Medicare, the public will have a toddler level temper tantrum, until things get so bad that they have no choice.

We've had two specific chances to tackle this problem, and the public simply doesn't care about math, and facts.... they "feel" like they deserve these things, and therefore they'll vote anyone into office who will tell them what they want to hear, whether it is true or not.

The first chance we had, was Bush in the 2000s. Bush was going to allow privatization of Social Security. This is what Chile does, and this what Singapore does, and it works.

Instead of a Ponzi scheme, where young people pay for old people, until the money runs out and the system implodes, everyone will have their own money, in their own account, with their own investments. Then it doesn't matter if the government runs a deficit or not, because you have your own money in your own account with your name on it.

Bush got rolled on this. People opposed it, and it was shot down.

The second chance was Greece.

Greece had the exact same problem. People warned Greece that their pension system was completely unsustainable. They warned them over and over, there isn't money for all these benefits. They warned them in the 1990s, all the way until the pension system ran out of money, the health care system ran out of money, the mass transit system ran out of money, the education system ran out of money, the government went into default, and nearly the entire country fell into ruins.

That was our warning shot. That was the sign from G-d in the sky, warning people this does not work.

And we didn't learn anything.

So I don't know what exactly is going to happen, but at this point if we had two clear chances to fix the system, then I don't know could possibly happen in the future, that will prevent a future crash. I don't know what will have to happen in this country, to make people wake up and realize that socialism doesn't work because you run out of other people's money.

My guess is, that what will have to happen, is that we will either have a crisis in the bond market, and that will wake people up (a crisis in the bond market means people refuse to lend money to the US government), or we will have insane inflation, that will harm the economy and result in a depression.

And there is a chance that we actually have default. That is still a possibility, where everything tied to government just gets cut, and we'll see retirees outside banks, on the ground crying. We'll see hospitals closed, with patients on the steps outside, like we did in Greece.

That is a real possiblity, but I wager one of the other two things will happen. Who knows. We'll see.

How about we actually collect taxes from people like trump?