We Are Not Collecting Enough Taxes. And Still The Debt Rises; Despite Strong Economy.

[PoliTalker]

Here is a good website for keeping track of the debt and the deficit:

US Debt Clock

The debt is now nearly $21.5 Trillion. It was about $20 Trillion when Trump took over.

Notice the box with the deficit. It continues to rise.

That means the economy is not (as Republicans promised,) generating enough taxes to pay down the debt.

Democrats pointed this out when Republicans wanted to raid the piggy bank with the recent tax cut for the rich, but Republicans would not listen. Republicans said the expanding economy would make up for the shortfall. It hasn't. Republicans were wrong. The deficit continues to rise.

That's bad. It fell under Obama and Clinton.

Not only are we not paying down the debt, we continue to borrow more and more, just to run the government. We cannot live on borrowed tax cuts.

The situation cannot continue. We can not ignore this like the Republicans want to do. The Republican approach is irresponsible. We have to support Democrats who promise fiscal responsibility.

We have to raise taxes on the rich. They are the only ones with enough spare income to reverse this.

[Jack]

If given a choice, PoliTalker, would you rather >LOAN< the Government money, or >GIVE< the Government money?

See, LOANING the Government money, means you get a Return (like an Investment).
GIVING the Government money is a TOTAL LOSS of investible income.

Does that make sense?

[reagansghost]

Here is a good website for keeping track of the debt and the deficit:

US Debt Clock

The debt is now nearly $21.5 Trillion. It was about $20 Trillion when Trump took over.

Notice the box with the deficit. It continues to rise.

That means the economy is not (as Republicans promised,) generating enough taxes to pay down the debt.

Democrats pointed this out when Republicans wanted to raid the piggy bank with the recent tax cut for the rich, but Republicans would not listen. Republicans said the expanding economy would make up for the shortfall. It hasn't. Republicans were wrong. The deficit continues to rise.

That's bad. It fell under Obama and Clinton.

Not only are we not paying down the debt, we continue to borrow more and more, just to run the government. We cannot live on borrowed tax cuts.

The situation cannot continue. We can not ignore this like the Republicans want to do. The Republican approach is irresponsible. We have to support Democrats who promise fiscal responsibility.

We have to raise taxes on the rich. They are the only ones with enough spare income to reverse this.

exactly, GOP fat cat presidents and Congress have delivered the largest wealth gap in history, even bigger than in the Robber Baron days

[Jack]

PoliTalker. Are you confused who Congress works for?

[Lesh]

That means the economy is not (as Republicans promised,) generating enough taxes to pay down the debt.

Tax cuts NEVER pay for themselves

[Irish Exit]

That means the economy is not (as Republicans promised,) generating enough taxes to pay down the debt.

Tax cuts NEVER pay for themselves

And paying off the national debt would completely tank the economy. Democrats, however, don't want to pay off the debt. They just want more available credit when they belly up to the trough.

[tsuke]

as i understand it were actually collecting more taxes than ever right?

[rjhenn]

Here is a good website for keeping track of the debt and the deficit:

US Debt Clock

The debt is now nearly $21.5 Trillion. It was about $20 Trillion when Trump took over.

Notice the box with the deficit. It continues to rise.

That means the economy is not (as Republicans promised,) generating enough taxes to pay down the debt.

Democrats pointed this out when Republicans wanted to raid the piggy bank with the recent tax cut for the rich, but Republicans would not listen. Republicans said the expanding economy would make up for the shortfall. It hasn't. Republicans were wrong. The deficit continues to rise.

The Republicans have made the same promise every time they've made the rich richer with tax cuts, and it's never worked out that way.

[rjhenn]

If given a choice, PoliTalker, would you rather >LOAN< the Government money, or >GIVE< the Government money?

See, LOANING the Government money, means you get a Return (like an Investment).
GIVING the Government money is a TOTAL LOSS of investible income.

Does that make sense?

So the Chinese get rich off of Republicans' inability to govern responsibly.

[rjhenn]

PoliTalker. Are you confused who Congress works for?

Obviously, they work for their rich campaign contributors.

[rjhenn]

That means the economy is not (as Republicans promised,) generating enough taxes to pay down the debt.

Tax cuts NEVER pay for themselves

They never have, despite claims to the contrary.

[rjhenn]

And paying off the national debt would completely tank the economy. Democrats, however, don't want to pay off the debt. They just want more available credit when they belly up to the trough.

What we need is to raise taxes enough to eliminate the deficit, with a bit left over to start paying off the debt. Republicans want to eliminate the deficit by cutting taxes, then cutting spending enough to completely tank the economy.

[Jack]

So the Chinese get rich off of Republicans' inability to govern responsibly.

I had in mind the 'Shareholding Class'.
Rather than 'GIVING' their money to the Government, they 'LOAN' their money to the Government.

[Jack]

Obviously, they work for their rich campaign contributors.

Yes. The 'Shareholding Class'. The 'Donor Class'. The 'Ownership Class'.

[Controlled Opposition]

We could cut "defense" spending by half and still be the most powerful nation on earth.