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trump is a stain wrote:
Breaking: Trump says he’s going to lower taxes even more and pay off the debt
HUGE! if true.
He can do it so long as he spends much less. We’d have a balanced budget now if only we spent at the same level as we did prior to COVID. The problem with Biden is he is spending like we were during COVID, but there is no emergency. You can spend more if you increase tax collections and you can tax less if you spend less. Unfortunately for Bidenomics, you can’t spend more without a simultaneous increase in tax collections (especially since the cost of borrowing is much higher).
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joedlrts wrote:
trump is a stain wrote:
Breaking: Trump says he’s going to lower taxes even more and pay off the debt
HUGE! if true.
He can do it so long as he spends much less. We’d have a balanced budget now if only we spent at the same level as we did prior to COVID. The problem with Biden is he is spending like we were during COVID, but there is no emergency. You can spend more if you increase tax collections and you can tax less if you spend less. Unfortunately for Bidenomics, you can’t spend more without a simultaneous increase in tax collections (especially since the cost of borrowing is much higher).
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
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Supposedly 75% of Dems still support Biden.
Which seems odd given the majority of Dems don't want him to run again.
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A weak man creates hard times. Our enemies do not fear Sleepy Joe.
Savage perhaps but true:
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agip wrote:
Hey how about you take some classes on how to consume and judge for-profit media? Would be a good thing for you! For us all!
or, if you want, I can post a picture of a opiate-addicted high school dropout in her trailer in trumplandia. Just to balance out your post.
Pick one!
Pretty sure the Biden voter is far more likely to have an addiction issue:
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ewu wrote:
joedlrts wrote:
He can do it so long as he spends much less. We’d have a balanced budget now if only we spent at the same level as we did prior to COVID. The problem with Biden is he is spending like we were during COVID, but there is no emergency. You can spend more if you increase tax collections and you can tax less if you spend less. Unfortunately for Bidenomics, you can’t spend more without a simultaneous increase in tax collections (especially since the cost of borrowing is much higher).
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
Biden ran a $1.7 trillion deficit last year (a year without emergency shut downs). It would have been $2 trillion, but the courts overturned his student debt giveaway (which he is trying to reconfigure a way to spend). Now he is getting us entangled in foreign wars that threaten to do to our economy what the Cold War did to the Soviet economy.
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The entire world has turned to sh!t under Sleepy Joe.
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The party of family value.
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Just Another Hobby Jogger wrote:
The party of family value.
You belong to the party of groomers.
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Ghost of Disco Gary wrote:
Just Another Hobby Jogger wrote:
The party of family value.
You belong to the party of groomers.
Pretty much all politicians suck regardless of which side of the aisle
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joedlrts wrote:
ewu wrote:
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
Biden ran a $1.7 trillion deficit last year (a year without emergency shut downs). It would have been $2 trillion, but the courts overturned his student debt giveaway (which he is trying to reconfigure a way to spend). Now he is getting us entangled in foreign wars that threaten to do to our economy what the Cold War did to the Soviet economy.
On track to be $2 trillion in FY2023
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Hardloper wrote:
joedlrts wrote:
Biden ran a $1.7 trillion deficit last year (a year without emergency shut downs). It would have been $2 trillion, but the courts overturned his student debt giveaway (which he is trying to reconfigure a way to spend). Now he is getting us entangled in foreign wars that threaten to do to our economy what the Cold War did to the Soviet economy.
On track to be $2 trillion in FY2023
debt to gdp is the key number and it's down a material amount the covid-era peak. The US economy is growing so much that extra debt hasn't increased debt/gdp yet.
that said, the congress and WH have been negligent by borrowing too much and not refinancing the national debt at 1% when we had the chance, pre-inflation. Now we have to pay 5% on the debt and yes, that is going to hurt if it stays for long.
This post was edited 25 seconds after it was posted.13 -
agip wrote:
Hardloper wrote:
On track to be $2 trillion in FY2023
debt to gdp is the key number and it's down a material amount the covid-era peak. The US economy is growing so much that extra debt hasn't increased debt/gdp yet.
that said, the congress and WH have been negligent by borrowing too much and not refinancing the national debt at 1% when we had the chance, pre-inflation. Now we have to pay 5% on the debt and yes, that is going to hurt if it stays for long.
and as for military spending...we've rarely -if ever - spent so little on defense as a percent of GDP as we do now. So I wouldn't worry too much about that one.
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want to know how absolutely terrible the Republicans are?
They want to find a cost offset to Israel aid. Which is fine - I agree. That's wise leadership so I initially clapped.
So where do they want to find the offset? You got it, the IRS. The IRS. Because that's what the billionaire owners of the GOP want. Not a place where the money is legit wasted - noooooo. They don't want to find cuts from some boondogle or wasteful agency. The Repubs want to strangle the tax agency so the richest of the rich can get away with murder.
It's really shocking how bad the GOP is. I mean truly. They always find a way to get worse and more obviously corrupt.
This post was edited 53 seconds after it was posted.42
