Raising the Debt Ceiling

I AM said:
Just write off the national debt and start over again
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No need to do that


A nation is designed to live forever

Each generation has needs we need to plan for in the future


That means new debt as old debt is payed off


Each generation of your family takes on new debt to buy homes or cars


They don’t expect YOU to pay for their grandsons home who was born after you died



Comparing a never dying nations debt to a single persons debt is simplistic idiocy
 
Sirthinksalot said:
It most certainly has not dipshit.
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Oh, wow, Clownfart. How long did it take you to c9omoe up with that brilliant insult? I'm in awe.

Yes, it has been debunked by the facts. Every single time we've had a major tax cut, revenues as a percent of GDP has fallen and not recovered.

I can post multiple links if you really want them, but the Laffer curve suggests that revenues will increase when taxes are cut. That is false. Time and time again.

https://ctmirror.org/2018/01/18/why-the-laffer-curve-is-garbage/

The Laffer curve is theoretical, and it requires that those who receive the tax cuts will use them for spending. They don't. We know this because the wage wealth gap has widened as a result of supply side economics.
 
evince said:
No need to do that


A nation is designed to live forever

Each generation has needs we need to plan for in the future


That means new debt as old debt is payed off


Each generation of your family takes on new debt to buy homes or cars


They don’t expect YOU to pay for their grandsons home who was born after you died



Comparing a never dying nations debt to a single persons debt is simplistic idiocy
Click to expand...

If I ever take over,I'm writing off the national debt
 
Sirthinksalot said:
They certainly do not have the same result. Ever hear of the Laffer curve?
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Laffer curve was proven invalid, “voodoo economics,” even Stockton admitted such to Congress

What the right here doesn’t understand about the debt ceiling is that it is for paying bulls already due, fighting now to get cuts doesn’t make sense cause the money has already been promised and if the US defaults the economic crashes. The time for negotiations is when the budget is due in late summer/fall

McCarthy knows this is all theater, he realizes in the end he won’t let the Freedom idiots take the country over the cliff. It is all in his hands, he can go on Fox and blame it on the WH but he knows he is responsible
 
Concart said:
Oh, wow, Clownfart. How long did it take you to c9omoe up with that brilliant insult? I'm in awe.

Yes, it has been debunked by the facts. Every single time we've had a major tax cut, revenues as a percent of GDP has fallen and not recovered.

I can post multiple links if you really want them, but the Laffer curve suggests that revenues will increase when taxes are cut. That is false. Time and time again.

https://ctmirror.org/2018/01/18/why-the-laffer-curve-is-garbage/

The Laffer curve is theoretical, and it requires that those who receive the tax cuts will use them for spending. They don't. We know this because the wage wealth gap has widened as a result of supply side economics.
Click to expand...

Yes, Clownfart. I've used that one before, glad you appreciate it. Also glad you included the qualifier "as a percentage of GDP". That is exactly the point. When you take a smaller percentage of a bigger number, it can be and usually is greater than the alternative larger percentage of a smaller number. The lower tax rates stimulate growth and therefore result in increased GDP.

It's amazing how you dip shits equate tax cuts with spending, but don't equate government handouts (including ones to industries in favor) with tax cuts.
 
Sirthinksalot said:
Yes, Clownfart. I've used that one before, glad you appreciate it. Also glad you included the qualifier "as a percentage of GDP". That is exactly the point. When you take a smaller percentage of a bigger number, it can be and usually is greater than the alternative larger percentage of a smaller number. The lower tax rates stimulate growth and therefore result in increased GDP.

It's amazing how you dip shits equate tax cuts with spending, but don't equate government handouts (including ones to industries in favor) with tax cuts.
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Laffer says you are an idiot
 
Its no surprise that Obama 2.0 is refusing to negotiate, Obama 1.0 did it and got away with it. Our leaders are extraordinarily reckless. They are getting us hurt.
 
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