So Republicans are gonna blow up the deficit and debt?
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Somewhat disappointing that the proposed levels would almost get to the levels Barry had in the heart of his tenure.
I must say if we're going to be running a deficit I'd rather it be due to lower income (less taxes) than higher expenditures (entitlements).
I must say if we're going to be running a deficit I'd rather it be due to lower income (less taxes) than higher expenditures (entitlements).
When they addressed the former with the new tax law I thought naturally they'd address the latter to prevent this from happening. Disappointing.
Barry had the deficit going down in the heart of his tenure. Right or left, this bill should trouble you. We haven’t even seen the proposed infrastructure bill yet.
At least that's where we SHOULD be spending. All through the fuss over the tax bill, all I could think was that if there's money to do this, or even if you're going to borrow to do it, that money should be invested in infrastructure instead.
Where can they cut? 3 biggest items are non-discretionary and account for 85% of the budget. Defense just got a huge bump
Agreed. Let’s just spend $3T and get on par with the rest of the 1st world regarding public transportation, roads, airports, bridges, etc.
We spend more then the next nine countries combined in defense but have trains and planes running slower than the 50s. I-95 corridor is a mess. Bridges are in disrepair.
Yes, and add a bit of 21st century tech into that, some of the cabling, wifi, sensors, etc. to stay at the forefront in planning for the future rather than being reactive. Maybe modernize the power grid a little. And call me crazy, but some sustainable, pedestrian and bicycle friendly design wouldn't hurt either, as long as we're rebuilding stuff anyway.
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I wish the federal government would turn everything, except the military, over to the states.
Of course it did. War is America's leading industry. The USA is great at blowing people up. And, selling the tools to blow people up and profiting for their misery and/or demise. It's woven into the DNA. Come to the country, take it from the people, call it their own and then kick people out who don't comply with their rules. God Bless America.
Actually... it's probably not too far from the current situation. The currency is US currency. Everyone that matters steps in line for their take when it really matters. Then they pretend to be sovereign on other little things. SC is a prime example.
However, If they left the monetary policy to each state... THEN it would be interesting. "Horribly" would obviously be subjective.
Of course, the fact that our monetary policy is what it is, there will never be any such situation that nctransplant suggested.
It would go horribly for some states. Others would probably be better off than they are now.
Liberal states pay the most in taxes, proportionally speaking in relation to the services they receive. In terms of funding, states like California and New York would benefit the most, while the southeast would be completely fukked.
It isn't just an issue with funding. If you think government agencies are inefficient, then why would your solution be to create fifty times as many agencies, forcing them to all coordinate with each other?...
Certain regulations and agencies are most efficient at the federal level, and some of them are most efficient at the state level. Having a conversation about possible changes to what is handled where could be very beneficialZ But the notion of dissolving the federal government and transferring everything but defense to the states is an absolutist fantasy.
Agreed. And I live in MA, so we'd probably net more money doing it the "states" way. F all y'all in the southeast.
Granted all that extra dough in MA would get funneled to illegals and people who didn't want to work - but hey.
Oh, yeah. It's a known fact that the poor, indigent and jobless call the shots. The wealthy are at their beck-and-call, and it's been that way for millennia! The poor are always controlling the rich, everyone knows that.
The wealthy, white men just cannot catch a break.
Oh, yeah. It's a known fact that the poor, indigent and jobless call the shots. The wealthy are at their beck-and-call, and it's been that way for millennia! The poor are always controlling the rich, everyone knows that.
The wealthy, white men just cannot catch a break.
Oh the rich definitely call the shots. They just choose to give disproportionately to the poor in the hopes of securing their vote. And there are a lot more poor than rich, so it actually makes a lot of strategic sense. Let’s not pretend it’s for any reason other than their vote though. If there ever came a time where the amount your vote counted was proportionate to the amount of money you have, the Left would cut bait on the “underprivileged” so fast their heads would spin.
What is source of OP graph? I am sure they are underestimating tax revenues from the improving economic performance and activity, higher wages, and tax repatriation.
Also, those the bitch about government spending are disingenuous (yes, you OP) unless they bring up entitlements. We all know unfunded mandates like social security, medicare, etc. is the majority of the budget. The rest is just "crumbs" as Pelosi would say. Nothing else matters in grand scheme of budget unless those are dealt with and neither party is willing to even bring it up because they know it is not "popular".
Also, those the bitch about government spending are disingenuous (yes, you OP) unless they bring up entitlements. We all know unfunded mandates like social security, medicare, etc. is the majority of the budget. The rest is just "crumbs" as Pelosi would say. Nothing else matters in grand scheme of budget unless those are dealt with and neither party is willing to even bring it up because they know it is not "popular".
I really don't think that the rich need the poor's "votes" to stay in the wealthy/ruling class. I think it's naive to believe they 1) count and 2) matter. Now, it is in the best interest of the ruling class to keep the poor placated enough not to tear shit up, and to keep the middle class scared of the poor just enough to pay all the taxes and do all the work.
CBO
Don’t lump me in. I’m laughing at the party of fiscal responsibility driving right into Obama level deficits but with no wars or economic collapses. I’m not sure which is the bigger farce, Dems caring about poor people or Pubs being fiscally conservative.
To your point, nothing is solved until we tackle the big 3. I don’t have a fix for Medicare/Medicaid outside of basic universal coverage. Regarding Militay, hard/deep cuts. No one can convince me we can’t protect our way of life for $700B annually. The bloat and waste is obscene. I work up here inside the beltway and see it daily. We (my own company) profit off it. Social security needs to be pushed back from 62/65 to 64/67 at minimum.
You just answered the defense question. It will ALWAYS be taken care of. Our economy needs it to thrive. Without it, we fold-up shop.
I am not doubting military bloat. Bloat exists in EVERY bureaucracy. Although, in my opinion the Federal government #1 funding priority is the military. Everything else is secondary or non essential.
Whatever. I was just helping out another poster by doing a simple search that apparently he was too lazy or too witless to do himself.
The CBO is about as reliable as the NYT, meaning that it is not.
See, the CBO said tax revenues would go down with tax cuts, WRONG.
Good comeback. Enjoy your tax break. You welcome donald j trump
Calling the CBO fake news is silly but if you want to be that partisan, then by all means do it. We collected a touch more taxes in January YOY which, btw, is the norm. We have also not seen the full effect of the tax cuts from a revenue side or GDP growth side. The latter is the big gamble, right? We know lower rates mean a lower baseline, but does the GDP growth offset it?The CBO is about as reliable as the NYT, meaning that it is not.
See, the CBO said tax revenues would go down with tax cuts, WRONG.
Do you really think the CBO is non Partisan??? They are part of the swamp and I cannot remember a forecast they have made that has ever been close to being accurate. Remember Obamacare cost forecasts from CBO??? Believing in them is partisan as well. Welcome to the club.
January ususally does have higher tax revenues, but his was the biggest in history..
Tax cut helping the economy and leading to higher tax revenues is not a gamble, it is a fact.
CBO was the closest/most accurate on ACA. Didn’t help that Republicans did their best to torpedo ACA.
This January was marginally higher than last. We aren’t seeing some monumental shift...yet. Don’t be a prisoner of the moment.
It is not a fact. It is a bet/gamble/chance. GDP has to increase to offset the lost revenue. It’s not guaranteed. I’m hopeful it does, but to believe absolutely is foolish.
Hopefully the tax break will help compensate for the sudden and recent loss in my stocks and 401(k) investments.
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