when the bill comes due

LV426 said:
The only reason we have debt burden today is because of your shitty tax cuts.

That's the only reason that the federal government carries a debt burden today.

In 2000, we could have paid our debt off by 2010 if Conservatives had not touched a single thing in the tax code. But they did. The Bush Tax Cuts took a budget surplus and turned it into 4 record deficits before finally prompting the Great Recession.

Fast forward to 2018, and the Russia Tax Cut was such a failure that it plunged manufacturing into a recession in 2019, and the rest of the economy in February 2020.

So if you are truly genuine in your deficit and debt peacocking, then you should be screaming about repealing every single tax cut from the last 50 years.

But you're not, so we know you're not serious about this topic.
Click to expand...

your high as hell if you believe that one. here is a link for you to read , apparently you know how to and might learn something

https://www.thebalance.com/us-debt-...#the-top-five-debt-contributors-by-percentage

AND YES im very serious about the topic the amount of debt is so high now its nearing the point where we wont be able to borrow soon we have to address the issue in the next election cycle and stop blaming one side or the other and accept the fact its out of control and take steps to correct the problem if not it wont matter to me very long Im older and hAVE RESOURCES , BUT IT WILL MATTER TO THE NEXT GENERATION WHEN PROGRAMS GET SLASHED FOR LACK OF MONEY TO PAY FOR THEM, NOW YOU CAN ST0IP BEING IGNORANT AND JOIN IN ON THE EFFORT BY INSISTING OUR POLITICIANS TAKE ACTION OR CONTINUE TO BE PART OF THE PROBLEM .


iLL BE MORE THEN LIKELY DEAD BEFORE IT COMES TO A HEAD AND YOU WILL HAVE TO LIVE WITH THE PROBLEM OR YOUR KIDS
 
Senile usurper Biden's handlers are sending him on a victory lap after he signed their $1.9 trillion ‘COVID’ porkulus package. “Help is here,” his handlers wrote in a tweet promoting his plan.

But Americans who were initially glad to hear that more ‘COVID’ relief is supposedly on its way may be surprised when they learn that the latest legislation funnels billions in taxpayer money to fill the coffers of blue states and DEMOCRAT-dominated local governments.

  • California: $42.3 billion
  • New York: $23.5 billion
  • Illinois: $13.5 billion
  • Pennsylvania: $13.5 billion
  • Michigan: $10.1 billion
  • New Jersey: $10 billion
  • Massachusetts: $7.96 billion
  • Washington: $6.94 billion
  • Virginia: $6.68 billion
  • Maryland: $6.21 billion
At first glance, it’s hard to decipher a clear pattern on this list. So, how did they divvy up the pork?

Curiously, the Biden regime and DEMOCRATS in Congress factored in the number of unemployed citizens. This had the direct effect of skewing the bailout benefits toward blue states that enacted harsher lockdowns and punishing red states who sensibly prioritized preserving economic activity.

One could argue that perhaps focusing on the unemployment rate is meant to ensure the aid goes to the states shortest on revenue.

But why not use actual revenue shortfalls, then? Indeed, Calipornia tops the list for bailout money, yet the Beholden State is actually running a budget surplus!

The only conclusion left to draw, however disappointing, is that DEMOCRATS crafted this bloated bailout to favor states run by DEMOCRATS.



https://fee.org/articles/here-s-the-list-of-the-top-20-states-getting-covid-bailout-money-and-why-it-raises-a-giant-red-flag/
 
Flaming Capitalist said:
In the past 40 years, it's a fact that Republican presidents have added more to the debt than democratic presidents:
https://www.self.inc/info/us-debt-by-president/

Why do Republicans say Democrats are tax & spend when they call themselves fiscally Conservative and they're the one's contributing the most to the massive Federal Debt?

960x0.jpg
Click to expand...

that graph dont tell you the entire story now


The Top Five Debt Contributors by Percentage

Franklin D. Roosevelt (1933-1945): President Roosevelt had the largest percentage increase to the debt. Although he only added $236 billion, this was a nearly 1,050% increase from the $22.5 billion debt level left by President Herbert Hoover. The Great Depression and the New Deal contributed to FDR's yearly deficits, but the biggest cost was World War II: It added $186.3 billion to the debt between 1942 and 1945.4

Woodrow Wilson (1913-1921): President Wilson was the second-largest contributor to the debt, percentage-wise. He added $21 billion, which was a 724% increase over the $2.9 billion debt of his predecessor. World War I contributed to the deficits that raised the national debt.5

Ronald Reagan (1981-1989): President Reagan increased the debt by $1.85 trillion, or by 186%. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. Reagan also increased the defense budget by 35%.6

George W. Bush (2001-2009): President Bush added $6.1 trillion, or a 101% increase, putting him in fourth. Bush launched the War on Terror in response to the 9/11 attacks, which led to multi-trillion-dollar spending on the War in Afghanistan and the Iraq War.Bush also dealt with the 2001 recession and the 2008 financial crisis.7

Barack Obama (2009-2017): Under President Obama, the national debt grew the most dollar-wise ($8.6 trillion) but was fifth in terms of percentage: 74%. Obama fought the Great Recession with an $831 billion economic stimulus package and added $858 billion through tax cuts

now lets stop blaming others and take action or be part of the problem
 
Legion said:
It seems to have worked before.

Income Tax Revenues Are Up 9% This Year

https://www.investors.com/politics/editorials/income-tax-revenues-trump-tax-cuts-economic-growth/
Click to expand...

The sites that you're referring to are the filthy rich spreading disinformation that benefits them. Do you remember the Bush tax cuts?????????
 
Legion said:
Senile usurper Biden's handlers are sending him on a victory lap after he signed their $1.9 trillion ‘COVID’ porkulus package. “Help is here,” his handlers wrote in a tweet promoting his plan.

But Americans who were initially glad to hear that more ‘COVID’ relief is supposedly on its way may be surprised when they learn that the latest legislation funnels billions in taxpayer money to fill the coffers of blue states and DEMOCRAT-dominated local governments.

  • California: $42.3 billion
  • New York: $23.5 billion
  • Illinois: $13.5 billion
  • Pennsylvania: $13.5 billion
  • Michigan: $10.1 billion
  • New Jersey: $10 billion
  • Massachusetts: $7.96 billion
  • Washington: $6.94 billion
  • Virginia: $6.68 billion
  • Maryland: $6.21 billion
At first glance, it’s hard to decipher a clear pattern on this list. So, how did they divvy up the pork?

Curiously, the Biden regime and DEMOCRATS in Congress factored in the number of unemployed citizens. This had the direct effect of skewing the bailout benefits toward blue states that enacted harsher lockdowns and punishing red states who sensibly prioritized preserving economic activity.

One could argue that perhaps focusing on the unemployment rate is meant to ensure the aid goes to the states shortest on revenue.

But why not use actual revenue shortfalls, then? Indeed, Calipornia tops the list for bailout money, yet the Beholden State is actually running a budget surplus!

The only conclusion left to draw, however disappointing, is that DEMOCRATS crafted this bloated bailout to favor states run by DEMOCRATS.



https://fee.org/articles/here-s-the-list-of-the-top-20-states-getting-covid-bailout-money-and-why-it-raises-a-giant-red-flag/
Click to expand...

Texas $27B
Florida $17.3B
Ohio $11.23B
Tennessee $6B
Indiana $5.7B


What are you complaining about again? CA has more people. It's pretty simple, dumbfuck.
 
Bulletbob said:
that graph dont tell you the entire story now


The Top Five Debt Contributors by Percentage

Franklin D. Roosevelt (1933-1945): President Roosevelt had the largest percentage increase to the debt. Although he only added $236 billion, this was a nearly 1,050% increase from the $22.5 billion debt level left by President Herbert Hoover. The Great Depression and the New Deal contributed to FDR's yearly deficits, but the biggest cost was World War II: It added $186.3 billion to the debt between 1942 and 1945.4

Woodrow Wilson (1913-1921): President Wilson was the second-largest contributor to the debt, percentage-wise. He added $21 billion, which was a 724% increase over the $2.9 billion debt of his predecessor. World War I contributed to the deficits that raised the national debt.5

Ronald Reagan (1981-1989): President Reagan increased the debt by $1.85 trillion, or by 186%. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. Reagan also increased the defense budget by 35%.6

George W. Bush (2001-2009): President Bush added $6.1 trillion, or a 101% increase, putting him in fourth. Bush launched the War on Terror in response to the 9/11 attacks, which led to multi-trillion-dollar spending on the War in Afghanistan and the Iraq War.Bush also dealt with the 2001 recession and the 2008 financial crisis.7

Barack Obama (2009-2017): Under President Obama, the national debt grew the most dollar-wise ($8.6 trillion) but was fifth in terms of percentage: 74%. Obama fought the Great Recession with an $831 billion economic stimulus package and added $858 billion through tax cuts

now lets stop blaming others and take action or be part of the problem
Click to expand...


I like how the only Dems on the list are presidents who were forced to pay for world wars or GOP fuck-ups.
 
Genome said:
I like how the only Dems on the list are presidents who were forced to pay for world wars or GOP fuck-ups.
Click to expand...

DEMOCRATS love to start wars, apparently.

Biden has already come close. Maybe he's too busy touching little girls to get serious about warmongering.
 
Bulletbob said:
yes it comes due all the time
Click to expand...

NO IT FUCKING DOESN'T.

You don't know what the fuck you're talking about.


we pay interest on it and high interest to borrow more and have less to spend
Click to expand...

We always pay interest on debt, so it doesn't matter how much or how little that debt is.

And we don't have less to spend...we can simply raise revenue by repealing your shitty tax cuts.
 
Bulletbob said:
your high as hell if you believe that one. here is a link for you to read , apparently you know how to and might learn something
Click to expand...

You're so fucking wrong and clueless and I can't wait to tear you apart right now.

Back during Clinton, he raised taxes and the benefit of those tax increases were budget surpluses, which are the only means by which you can pay down debt: https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary

From 1998-2001, the US government was collecting more revenue than it was spending.

It was collecting so much revenue, that the budget office predicted that if the tax rates stayed the same, all debt would be paid off by 2010.

Then Bush the Dumber was elected, passed his shitty tax cuts, and the result? 4 record deficits in 8 years: https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary

So Bush the Dumber took a $236B surplus in 2000 and turned it into a $157B deficit by 2002...a swing of $393B.

Bush the Dumber would then go on to record 4 record deficits, including the highest deficit at the time ($1.4T). That's what he handed off to Obama.

You can't blame any of that on 9/11 or the dotcom bubble since both happened in 2001, yet GDP growth for 2001 was still positive (1.9%).

The only reason we have debt today is because of your shitty tax cuts.
 
Bulletbob said:
Right now we each owe about 67,000.00 on the national debt and that was before the recent stimulus .

in the next 4 years we will add several more trillion tom it and I guessing we will each own about 80,000 by the end of the Biden administration.
regardless if your a democrat or a republican or a independent its affecting your life.

its got to stop, and we ALL need to vote people in who will make a effort to reduce this debt and spending trend.
Click to expand...

It's a waste of time trying to educate the leftist losers on this forum. None of them make enough to pay any taxes, so they don't give a shit if their children, friends and relatives have to pay this all back some day. :thumbsup:
 
Bulletbob said:
the amount of debt is so high now its nearing the point where we wont be able to borrow soon we have to address the issue in the next election cycle and stop blaming one side or the other and accept the fact its out of control and take steps to correct the problem if not it wont matter to me very long Im older and hAVE RESOURCES , BUT IT WILL MATTER TO THE NEXT GENERATION WHEN PROGRAMS GET SLASHED FOR LACK OF MONEY TO PAY FOR THEM, NOW YOU CAN ST0IP BEING IGNORANT AND JOIN IN ON THE EFFORT BY INSISTING OUR POLITICIANS TAKE ACTION OR CONTINUE TO BE PART OF THE PROBLEM .
Click to expand...

This is all nonsense.

This is also all a cover for the fact that you were completely fucking silent when Trump was running up trillions in debt with his tax cuts.

It doesn't even matter what the debt is today...federal debt has absolutely no effect on the economy other than possibly raising interest rates for borrowing, but we've had record low borrowing rates the last 10 years, so that concern is moot.
 
floridafan said:
Why now? After you voted Trump in, you didn't care how much he added to the national debt and our deficits. So, again, why now?
Click to expand...

STFU you lying hypocrite. Of course you wouldn't care about the massive debt. You don't make enough money to have to pay taxes.

tenor.gif
 
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