Results 1 to 4 of 4

Thread: Trump’s Wasteful Tax Cuts Lead To Continued Trillion Dollar Deficits

  1. #1 | Top
    Join Date
    May 2019
    Posts
    9,164
    Thanks
    3,635
    Thanked 6,593 Times in 4,192 Posts
    Groans
    130
    Groaned 1,203 Times in 1,060 Posts

    Default Trump’s Wasteful Tax Cuts Lead To Continued Trillion Dollar Deficits

    Less than a week after Treasury Secretary Mnuchin repeated the fanciful claim that the Trump tax cuts of 2017 would pay for themselves, the non-partisan Congressional Budget Office (CBO) proved him wrong. If tax cuts actually paid for themselves, they would reduce deficits based on faster revenue growth that comes from faster economic growth. Deficits immediately shot up after the 2017 supply-side tax cuts. And CBO forecasts that those deficits will continue to stay high for the foreseeable future. This is the opposite of tax cuts paying for themselves.

    https://www.forbes.com/sites/christi.../#22e3b0cb66c4
    Trump robbed the treasury on the backs of average Americans to give tax breaks to himself and the other crooked POS. Where is the growth he promised? Trump and GOP promised economic growth much better than Obama’s. That’s not what happened.

    So today he gives pardons to the nations most corrupt. After this cancer is excised, it's obvious that The Constitution needs to be amended big time in order to prevent another tragic debacle such as this.
    BLUEXIT
    A Modest Proposal For Separating Blue States From Red

    Dear Red-State Trump Voter,
    Let’s face it, guys: We’re done.


    It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.

    This is why our separation in all but name is necessary.


    https://newrepublic.com/article/1409...mp-red-america

  2. #2 | Top
    Join Date
    Apr 2019
    Posts
    30,591
    Thanks
    18,199
    Thanked 15,626 Times in 10,690 Posts
    Groans
    202
    Groaned 617 Times in 606 Posts
    Blog Entries
    1

    Default


    HUUGE jump in tax REVENUES. WE"RE TAKING IN MORE TAX MONEY THAN EVER.

    Looks like " tax cuts" ARE NOT THE PROBLEM, ARE THEY??



    FY 2021 $3.86 (estimated)

    FY 2020 $3.71 trillion (estimated)

    FY 2019 $3.46 trillion (actual)

    FY 2018 $3.33 trillion

    FY 2017 $3.32 trillion

    FY 2016 $3.27 trillion

    FY 2015 $3.25 trillion







    RUNAWAY SPENDING IS THE PROBLEM >>>AND THE SPEND-O-CRATS OPPOSE EVEN CUTTING WASTE AND ENDING FRAUD IN THE FED BUDGET.

    I THINK WE SEE WHO THE "PROBLEM" IS...
    TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..


    De Oppresso Liber

  3. #3 | Top
    Join Date
    Nov 2016
    Posts
    41,963
    Thanks
    3
    Thanked 22,041 Times in 13,848 Posts
    Groans
    0
    Groaned 3,042 Times in 2,838 Posts

    Default

    Quote Originally Posted by Grokmaster View Post

    HUUGE jump in tax REVENUES. WE"RE TAKING IN MORE TAX MONEY THAN EVER.

    Looks like " tax cuts" ARE NOT THE PROBLEM, ARE THEY??



    FY 2021 $3.86 (estimated)

    FY 2020 $3.71 trillion (estimated)

    FY 2019 $3.46 trillion (actual)

    FY 2018 $3.33 trillion

    FY 2017 $3.32 trillion

    FY 2016 $3.27 trillion

    FY 2015 $3.25 trillion







    RUNAWAY SPENDING IS THE PROBLEM >>>AND THE SPEND-O-CRATS OPPOSE EVEN CUTTING WASTE AND ENDING FRAUD IN THE FED BUDGET.

    I THINK WE SEE WHO THE "PROBLEM" IS...
    How is going from 3.33 to 3.46 "HUGE?" And no way in hell are these Trump tax cuts ever going to pay for themselves as promised, in fact, the big boost in the economy that was supposed to occur didn't, and future generations are stuck with the trillion dollar bills

    And it is Trump who has signed off on all those budgets that you say is the Democrats fault, in fact, he has increased discretionary spending even with a healthy economy

  4. The Following User Says Thank You to archives For This Post:

    Cinnabar (02-18-2020)

  5. #4 | Top
    Join Date
    Apr 2019
    Posts
    30,591
    Thanks
    18,199
    Thanked 15,626 Times in 10,690 Posts
    Groans
    202
    Groaned 617 Times in 606 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by archives View Post
    How is going from 3.33 to 3.46 "HUGE?" And no way in hell are these Trump tax cuts ever going to pay for themselves as promised, in fact, the big boost in the economy that was supposed to occur didn't, and future generations are stuck with the trillion dollar bills

    And it is Trump who has signed off on all those budgets that you say is the Democrats fault, in fact, he has increased discretionary spending even with a healthy economy
    HAVE REVENUES INCREASED TO RECORD LEVELS???

    HUH, DIPSHIT???


    OBVIOUSLY, LINEAR THOUGHT AND LOGICAL DEDUCTION TELL US "TAX CUTS" WHICH HAVE LED TO MORE "TAX REVENUE" VIA A BOOMING ECONOMY, ARE NOT THE CAUSE OF ANY DEFICITS, ARE THEY?

    HAVE ONE OF THE GROWNUPS EXPLAIN IT TO YOU.
    TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..


    De Oppresso Liber

Similar Threads

  1. Replies: 11
    Last Post: 11-16-2021, 08:10 AM
  2. Trump's Big Mistake: Trillion-Dollar Deficits Don’t Make America Great
    By signalmankenneth in forum Current Events Forum
    Replies: 0
    Last Post: 09-16-2019, 09:46 PM
  3. In 1999, Trump proposed a 5.7 trillion dollar tax hike
    By FUCK THE POLICE in forum Current Events Forum
    Replies: 0
    Last Post: 04-26-2011, 07:28 PM
  4. Obama understates deficits by $2.3 trillion
    By Cancel 2018. 3 in forum Current Events Forum
    Replies: 0
    Last Post: 03-18-2011, 04:11 PM
  5. US has $10 trillion dollar debt...Increase that by 5 trillion!
    By CanadianKid in forum Current Events Forum
    Replies: 3
    Last Post: 07-14-2008, 11:16 AM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •