XC.Morrison Posted January 25, 2018 Share Posted January 25, 2018 11 hours ago, Ez ryder said: how was the stimulus payed for ? and how did it work out ? big steaming pile of shit and that was money we still owe China A. Can you recall why it was necessary? Hint, we were hemorrhaging 800,000 jobs a month. B. Did we subsequently enter a depression or a recovery? Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted January 25, 2018 Share Posted January 25, 2018 41 minutes ago, s pump said: Well, the deficit rose by over 8 trillion under Obama, almost doubled from previous level. Adding a projected 1.8 over 10 years is pretty conservative if you ask me. That’s “in addition to” what the anticipated deficits will tally up to though, so you’re really looking at closer to 10 trillion over the next 10 years. Quote Link to comment Share on other sites More sharing options...
Momorider Posted January 25, 2018 Share Posted January 25, 2018 23 minutes ago, XC.Morrison said: That’s “in addition to” what the anticipated deficits will tally up to though, so you’re really looking at closer to 10 trillion over the next 10 years. That is Leftard math, the deficit will be gone when Trump hands it over to the next Republican POTUS in 2025 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 25, 2018 Platinum Contributing Member Share Posted January 25, 2018 Just now, Momorider said: That is Leftard math, the deficit will be gone when Trump hands it over to the next Republican POTUS in 2025 Now that's funny !!! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 25, 2018 Platinum Contributing Member Share Posted January 25, 2018 You will never see public debt reduced during any presidents first term , if at all. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 25, 2018 Author Gold Member Share Posted January 25, 2018 Tax cuts don’t add to the deficit.... spending is what adds to the deficit 1 Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted January 25, 2018 Share Posted January 25, 2018 4 minutes ago, Momorider said: That is Leftard math, the deficit will be gone when Trump hands it over to the next Republican POTUS in 2025 Oh yeah, like when Reagan handed it off to Bush. Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted January 25, 2018 Share Posted January 25, 2018 2 minutes ago, BOHICA said: Tax cuts don’t add to the deficit.... spending is what adds to the deficit “Honey, it’s not that my new snowmobile parts added to our debt, it’s just that I don’t make enough monies” Quote Link to comment Share on other sites More sharing options...
racer254 Posted January 25, 2018 Share Posted January 25, 2018 3 minutes ago, XC.Morrison said: Oh yeah, like when Reagan handed it off to Bush. There is a reason that Trump was elected yet he hadn't been in politics. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 25, 2018 Share Posted January 25, 2018 (edited) 6 minutes ago, BOHICA said: Tax cuts don’t add to the deficit.... spending is what adds to the deficit Tax cuts(revenue cuts) with no spending cuts makes the defcit rise. Edited January 25, 2018 by Angry ginger Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted January 25, 2018 Share Posted January 25, 2018 1 minute ago, Angry ginger said: Tax cuts with no spending cuts makes the defcit rise. A fact Trump and company misses The real solution is spending cuts, Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted January 25, 2018 Share Posted January 25, 2018 Just now, racer254 said: There is a reason that Trump was elected yet he hadn't been in politics. Yeah, so he can get China on the horn and say, “ya know what China, we’re filing bankruptcy okayyy, we no longer owe you anything okayyy, thank you that will be all” Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 25, 2018 Share Posted January 25, 2018 1 minute ago, Sleepr2 said: The real solution is spending cuts, Yes starting with the MIC and fixing healthcare not worrying about the pennies of welfare fraud Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted January 25, 2018 Share Posted January 25, 2018 Just now, Angry ginger said: Yes starting with the MIC and fixing healthcare not worrying about the pennies of welfare fraud We need to worry about every taxpayer penny , Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 25, 2018 Author Gold Member Share Posted January 25, 2018 2 minutes ago, Angry ginger said: Tax cuts with no spending cuts makes the defcit rise. A fact Trump and company misses There has been spending cuts and attempted cuts... but there has been an uptick in tax intakes due to companies bring money to the us at an increased pace and income tax collect from people that got trickled on. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 25, 2018 Share Posted January 25, 2018 Just now, Sleepr2 said: We need to worry about every taxpayer penny , You start with the big items if you want to see any real change Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted January 25, 2018 Share Posted January 25, 2018 Just now, Angry ginger said: You start with the big items if you want to see any real change Fine , just start somewhere, Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 25, 2018 Share Posted January 25, 2018 Just now, BOHICA said: There has been spending cuts and attempted cuts... but there has been an uptick in tax intakes due to companies bring money to the us at an increased pace and income tax collect from people that got trickled on. Repatriation is a short term bandaid. The economy is at a peak you never judge numbers off the best of times you do it on a long term average Quote Link to comment Share on other sites More sharing options...
racer254 Posted January 25, 2018 Share Posted January 25, 2018 17 minutes ago, XC.Morrison said: Yeah, so he can get China on the horn and say, “ya know what China, we’re filing bankruptcy okayyy, we no longer owe you anything okayyy, thank you that will be all” What ever helps you understand it. Just pointing out the facts. Has our credit rating gone down with Trump yet? Didn't think so. 21 minutes ago, Angry ginger said: Tax cuts(revenue cuts) with no spending cuts makes the defcit rise. I like spending cuts and tax cuts, but this isn't true. Just a simple credit rating increase can make our interest rate go down and have an effect. Do you consider that a spending cut? Quote Link to comment Share on other sites More sharing options...
Anler Posted January 25, 2018 Share Posted January 25, 2018 14 hours ago, Carlos Danger said: Pelosi called it crumbs. It is crumbs. Takes you a month to figure out a tax code that is going to save you $150 a month and you are beating off about it. The increase in deficit spending and debt and inflation is going to wash any perceived savings you get with the continued devaluation of our currency. Anyone who thinks a 1800 page tax bill that does nothing to address spending and debt is a great idea is a fucking moron. Quote Link to comment Share on other sites More sharing options...
Anler Posted January 25, 2018 Share Posted January 25, 2018 29 minutes ago, Angry ginger said: Tax cuts(revenue cuts) with no spending cuts makes the defcit rise. We have been down this road before. Some never learn. Quote Link to comment Share on other sites More sharing options...
1jkw Posted January 25, 2018 Share Posted January 25, 2018 Cut taxes, increase Military spending, deregulate banking. What could possibly go wrong? 1 Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted January 25, 2018 Share Posted January 25, 2018 16 minutes ago, racer254 said: What ever helps you understand it. Just pointing out the facts. Has our credit rating gone down with Trump yet? Didn't think so. For fucks sake, I’d hope it takes longer than the 25 days it’s been in effect to sour the credit rating. Can ya set up the hurdles any lower for the guy, geesh. Quote Link to comment Share on other sites More sharing options...
Momorider Posted January 25, 2018 Share Posted January 25, 2018 1 hour ago, steve from amherst said: You will never see public debt reduced during any presidents first term , if at all. Quote Link to comment Share on other sites More sharing options...
Anler Posted January 25, 2018 Share Posted January 25, 2018 59 minutes ago, steve from amherst said: You will never see public debt reduced during any presidents first term , if at all. True Story. Our economy is based upon so many trillions of dollars getting circulated thru it. When you take a trillion out what happens? Some of the things that are happening are good. Increased domestic production is good. If the corporate tax cut helps bring more back that will be good. But right now our economy is based on debt. How many here would own a house if they couldnt get a loan? How about a new car? how much shit do you think is bought on a credit card? Cheap easy credit fuels our economy, not demand. People are spending money they dont have to buy things they cant otherwise afford. Its a giant ponzi scheme. And once the debt gets large enough that just the annual interest on our debt surpasses our annual revenues... Well that wont be good. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.