Federal deficit grows by 32% to $900B

[LV426]

It's job is to allow the private sector to flourish.

It's job is to provide for the common defense and promote the general welfare.

The words "private sector", "free market" do not appear in our Constitution.

 

[Nordberg]

Daffy's tax cut for the super rich was guaranteed to crank up the debt. GAO says it will tack a trillion and a half over next decade. He has a couple more tax cuts in mind. Rightys, the cuts are not for you. he is fooling you.

 

[Into the Night]

Yeah, by eliminating loopholes and forcing companies to pay the actual amount.

All this tax reform did was cut the rate, but it didn't even cut the rate to levels below what other countries have, so all this accomplished was ballooning the deficit by 32%, that way people like you can feign outrage over the deficit and propose spending cuts you've always wanted, but could never achieve through normal legislation. You practice fiscal terrorism. You deliberately wreck the budget, scream your heads off about the consequence of wrecking the budget, then propose your ideological mandate as the only solution to the deficit crisis caused by your shitty tax policy.

I see right through it for what it is.

The 'actual amount'? Of what??? Taxes??? Those 'loopholes' are part of the tax law!

This just sounds like hatred of corporations and business. Your Marxism is showing.

 

[LV426]

We don't go on the span of one post from talking at 30K feet to getting into weeds. Especially to a punk ass like yourself homeboy. Once again you resort to calling others racist because you can't defend your own arguments

So basically, you want to cut spending. You don't know what spending you want to cut, specifically, you just have a broad, generalized idea of where you want to cut. But one thing you don't even entertain is the prospect of raising more revenue to balance the budget. So you are clumsily trying to balance competing ideologies and beliefs, and all it does is make you look like a confused hot mess.

You want "small government", except you don't really know what that means.

 

[LV426]

LV, you find that post on the tariffs yet or you just going to keep on lying?

Go fuck yourself.

 

[LV426]

But as it stands, they get all the free money they can handle.

And the little kids...

 

[LV426]

thank goodness its lower than under O'bummer......

But it's not.

It's not lower than the one Obama left behind.

You grew the deficit by 32% this year alone. What happened to "fiscal responsibility"?

Oh right, you never believed in that.

 

[Into the Night]

NO!

Everything in our economy happens for a reason. Recessions don't just occur "just because". Something causes them to happen. What will cause this recession is the drop in manufacturing orders because of the tariffs. That will result in job loss and price increases, which will result in lower consumer spending. When spending declines, that's what causes the economy to contract.

It's magical thinking to assume recessions happen just because and it's an ordinary occurrence. It's not. It's caused by deliberate action. In this case, your shitty Russia Tax Cut and your shitty Tariffs.

So other nations can impose taxes on their imports from us, but we can't impose taxes on our imports from them??? Even if they use those taxes to heavily subsidize the price of their product that we import???

 

[Fentoine Lum]

they aren't in politics you mindless cunt......

Bwa ha ha ha ha ha ha ha ha ha, all? no. None? Bwa ha ha ha ha ha ha ha ha ha ....

 

[Fentoine Lum]

So other nations can impose taxes on their imports from us, but we can't impose taxes on our imports from them??? Even if they use those taxes to heavily subsidize the price of their product that we import???

If we weren't running around bombing and occupying the globe we could take care of all the spending issues we have. Hell the Pantagon cannot account for $21T worth of spending between 1998-2015.

 

[LV426]

Tax cuts are not a payment. The cause of the deficit is spending, not tax cuts. The U.S.government is simply spending too much.

Before the Russia Tax Cut, the deficit was 32% lower than it is now.

After the Russia Tax Cut, the deficit is 32% bigger than it was before.

Here's Kansas, showing that the repeal of Tax Cuts (SB 30) shows the budget going from deficits to surplus! But according to you, it's spending that causes deficits, even though right here is the Kansas state budget showing that it's the tax cuts that caused the deficits:



Can't argue math.

 

[LV426]

The problem is the Federal Reserve. The government can write as many rubber checks they want and they will be honored by the banks because of the Federal Reserve

What does the federal reserve have to do with the deficits and debts your tax cuts caused? Nothing. You're trying to scapegoat the Fed for the fact that your shitty economic and fiscal policies never deliver on any of the promises made of them.

 

[LV426]

Sooner or later this whole pyramid scheme is going to crash. Sooner or later, people will simply stop accepting U.S. dollars anymore.

No they won't.

The US is the world's reserve currency for a reason.

Stop talking. You're making a fool of yourself and your beliefs.

 

[LV426]

It's already starting to happen. People are starting to look for other things to use as a store of wealth or even money (other national currencies, silver, platinum, real estate, gold, Bitcoin, etc.). The only thing keeping it from collapsing now is the Race to the Bottom caused by so many other nations printing money as fast or faster than the United States is. The world has never been here before.

No they're not. Just the stupid, crazy, pathetic whiners who listen to Fox News, glean shit off the posts of other dumbass right-wingers, and those who love them some infowars.

BTW - talk about a pyramid scheme! Alex Jones is the king of them. His "dietary supplements". LOL. Dude's a fat, white whale.

 

[LV426]

The 'actual amount'? Of what??? Taxes??? Those 'loopholes' are part of the tax law

The actual amount refers to the true rate of 35% (now 21%).

This just sounds like hatred of corporations and business. Your Marxism is showing.

You're a lazy piece of shit who operates exclusively in bad faith because you lack moral character.

 

[LV426]

So other nations can impose taxes on their imports from us, but we can't impose taxes on our imports from them??? Even if they use those taxes to heavily subsidize the price of their product that we import???

Governments don't pay tariffs, consumers do.

 

[Flash]

Because you're all terrible at what you do. And there have been plenty of spending cuts. Section 8, SNAP, etc.

If by "you're all terrible at what you do" means Democrats and Republicans I agree. SNAP spending declined as unemployment dropped from 10% to 3.9% and there were millions more Americans with jobs. But SNAP spending still increased over 300% since 2000.

SNAP spending:

2000: $17 billion
2011: $75 billion
2017: $68 billion

 

[TTQ64]

is LV426 the white male version of TTQ64?.......

Why cause he speaks the truth?

 

[LV426]

If by "you're all terrible at what you do" means Democrats and Republicans I agree. SNAP spending declined as unemployment dropped from 10% to 3.9% and there were millions more Americans with jobs. But SNAP spending still increased over 300% since 2000.

No, there were actual cuts to SNAP benefits as recently as this year that has nothing to do with enrollment or unemployment.

SNAP spending:
2000: $17 billion
2011: $75 billion
2017: $68 billion

So what happened between 2000 and 2011 that caused SNAP spending to grow so much? Oh right, the gigantic fucking recession your shitty Conservative policies caused.

 

[LV426]

Why cause he speaks the truth?

Conservatives are intellectual lightweights, and they know it. So rather than have a debate, they stoop to these kinds of posts just so they can be heard.

Conservatives have an entitlement complex that is completely unearned because they operate exclusively in bad faith.

All of them.

There are no exceptions.