If Betsy DeVoss doesn’t have her tax cut, how will she ever get her eleventh super-yacht? Actually the tax cut only saved Betsy $2.7 million, what a shame, we all sympathize…
Saw a classic “But Obummer did it too…” citing Business Insider numbers that conveniently omitted how much of the increase to 19T during the Obama years was bringing the Iraq War unto the books, and the Bush initiated, and GOP passsed Economic Stimulus Bill (Bailout).
Never forget that the GOP has one of the most sophisticated propaganda networks in the world (just say “But her emails…” in an indignant voice, least we forget – then ignore Trump’s use of insecure phones Putin and the Chinese could be listening too even when they are off) and it Rides the both sides pony hard.
The entire idea behind Republican tax cuts is twofold.
The first is to reward their donor class with tax money to ensure their continued contribution stream.
The second, and more important rationale is to reduce America’s income stream until it can no longer “afford” the social programs that aid the old, the sick and the poor.
This has been their goal since 1948 when their leaders ran under the “States Rights” banner and lost to Truman and Dewey.
I’ll bet you probably thought that TODAY’S Republican party was the party of Thomas Dewey, didn’t you?
Nope, under Trump it has totally morphed into the party of Strom Thurmond. The beliefs of the party of Thomas Dewey are as antithetical to today’s Republican party as they were to Governor Thurmond and the party under whose banner he ran in 1948!
The conversion was started, quietly, under Tricky Dick, and basically finished under Trump – the few remaining “republicans” left are now better identified as “Dixiecrats” and believe in EVERYTHING the old 1940s “States Rights” party so fervently believed in!
Accumulating government debt is not as simple as critics seem to “think.”
Proof of the complexity was demonstrated by the administration of Bill Clinton. Clinton inherited a huge deficit from the Reagan-Bush disaster. That deficit continued throughout his first term, being reduced each year. He ran a surplus over the full second term that every Republican in Congress voted against. His eight-year tally was a $63-billion surplus. But over those eight years the debt increased by $1.5 trillion. Anyone who can’t figure out how a surplus produced more debt shouldn’t be arguing about the matter.
Blame the Reagan Perpetual Debt Machine. Reagan led Congress to cut taxes that increased the debt. He then budgeted an increase in military spending when it wasn’t needed, increasing the debt. He raised the payroll tax to “save Social Security” and that created more debt. His failure to spend surpluses created by the payroll tax increased the debt. And nobody in Congress knows how to turn off the Reagan disaster in which tax cuts create debt, tax increases create debt, spending creates debt and not spending creates debt.
And Americans think the present buffoon in the White House is our biggest disaster.
Amazing what happens when you lower taxes on the richest, and raise spending on wonderful things like walls, war. BTW: Obama period rise was because they started showing the cost of Bush wars.
I look at what Bill Clinton had to do to balance our books after Reagan rang up so much debt that even though he got a BJ under his desk, he wasn’t such a bad administrator at all.
The social security I’m paying today is, hopefully, being enjoyed by some retiree in FLA right now. The social security they paid went to the guy who passed away a few years ago, god bless him. My children, and grand children, will be making my social security payments, thanks kids!
It’s the same with taxes. Governments are (again, hopefully) eternal. They’re always going to be INVESTING in (not borrowing from) the future. If we spend THEIR money wisely today then they’ll actually have something to show for it.
Our grandparents spent our money and they went to the Moon and built the interstates. Not really sure what my parents generation accomplished. I’ll just thank them for not having screwed up too badly, like we have been clearly doing.
If you think NATIONS can operate on a budget like a family or a business, you are a FOOL.
Nations have resources beyond measure. One of those resources is TIME. The United States should be making budgets for 100’s of years in the future. We should be INVESTING not only our kids money, but their kids and their kids as well.
This way they actually might have something to respect and thank us for.
Darsan54 Premium Member about 5 years ago
And the vast majority of it is from Republicans cutting taxes over and over and over again.
Masterskrain Premium Member about 5 years ago
“But…But…But… Darth Cheney said that ‘Deficits Don’t Matter!‘, and he’d NEVER lie to us, would he???”
feverjr Premium Member about 5 years ago
If Betsy DeVoss doesn’t have her tax cut, how will she ever get her eleventh super-yacht? Actually the tax cut only saved Betsy $2.7 million, what a shame, we all sympathize…
preacherman about 5 years ago
We must take back our government. Period!
Alberta Oil Premium Member about 5 years ago
Not a concern until you get a Democratic president.. THEN.. it will be issue number one.. How soon you forget the past.
kballweg Premium Member about 5 years ago
Saw a classic “But Obummer did it too…” citing Business Insider numbers that conveniently omitted how much of the increase to 19T during the Obama years was bringing the Iraq War unto the books, and the Bush initiated, and GOP passsed Economic Stimulus Bill (Bailout).
Never forget that the GOP has one of the most sophisticated propaganda networks in the world (just say “But her emails…” in an indignant voice, least we forget – then ignore Trump’s use of insecure phones Putin and the Chinese could be listening too even when they are off) and it Rides the both sides pony hard.
brwydave Premium Member about 5 years ago
Those zeros look a lot like cages.
Radish the wordsmith about 5 years ago
Time for another big, juicy, Republican tax break for billionaires.
wellis1947 Premium Member about 5 years ago
The entire idea behind Republican tax cuts is twofold.
The first is to reward their donor class with tax money to ensure their continued contribution stream.
The second, and more important rationale is to reduce America’s income stream until it can no longer “afford” the social programs that aid the old, the sick and the poor.
This has been their goal since 1948 when their leaders ran under the “States Rights” banner and lost to Truman and Dewey.
I’ll bet you probably thought that TODAY’S Republican party was the party of Thomas Dewey, didn’t you?
Nope, under Trump it has totally morphed into the party of Strom Thurmond. The beliefs of the party of Thomas Dewey are as antithetical to today’s Republican party as they were to Governor Thurmond and the party under whose banner he ran in 1948!
The conversion was started, quietly, under Tricky Dick, and basically finished under Trump – the few remaining “republicans” left are now better identified as “Dixiecrats” and believe in EVERYTHING the old 1940s “States Rights” party so fervently believed in!
Sneaker about 5 years ago
ThomasBonsell about 5 years ago
Accumulating government debt is not as simple as critics seem to “think.”
Proof of the complexity was demonstrated by the administration of Bill Clinton. Clinton inherited a huge deficit from the Reagan-Bush disaster. That deficit continued throughout his first term, being reduced each year. He ran a surplus over the full second term that every Republican in Congress voted against. His eight-year tally was a $63-billion surplus. But over those eight years the debt increased by $1.5 trillion. Anyone who can’t figure out how a surplus produced more debt shouldn’t be arguing about the matter.
Blame the Reagan Perpetual Debt Machine. Reagan led Congress to cut taxes that increased the debt. He then budgeted an increase in military spending when it wasn’t needed, increasing the debt. He raised the payroll tax to “save Social Security” and that created more debt. His failure to spend surpluses created by the payroll tax increased the debt. And nobody in Congress knows how to turn off the Reagan disaster in which tax cuts create debt, tax increases create debt, spending creates debt and not spending creates debt.
And Americans think the present buffoon in the White House is our biggest disaster.
Radish the wordsmith about 5 years ago
Average tax refunds fall, fueling discontent with GOP-written law.
Dtroutma about 5 years ago
Amazing what happens when you lower taxes on the richest, and raise spending on wonderful things like walls, war. BTW: Obama period rise was because they started showing the cost of Bush wars.
NRHAWK Premium Member about 5 years ago
I look at what Bill Clinton had to do to balance our books after Reagan rang up so much debt that even though he got a BJ under his desk, he wasn’t such a bad administrator at all.
Durak Premium Member about 5 years ago
Here’s how it works boys and girls.
The social security I’m paying today is, hopefully, being enjoyed by some retiree in FLA right now. The social security they paid went to the guy who passed away a few years ago, god bless him. My children, and grand children, will be making my social security payments, thanks kids!
It’s the same with taxes. Governments are (again, hopefully) eternal. They’re always going to be INVESTING in (not borrowing from) the future. If we spend THEIR money wisely today then they’ll actually have something to show for it.
Our grandparents spent our money and they went to the Moon and built the interstates. Not really sure what my parents generation accomplished. I’ll just thank them for not having screwed up too badly, like we have been clearly doing.
If you think NATIONS can operate on a budget like a family or a business, you are a FOOL.
Nations have resources beyond measure. One of those resources is TIME. The United States should be making budgets for 100’s of years in the future. We should be INVESTING not only our kids money, but their kids and their kids as well.
This way they actually might have something to respect and thank us for.
William Bednar Premium Member about 5 years ago
But, since it’s Republican idea, it all ok.
Daeder about 5 years ago
Didn’t you get the memo, Steve? That’s only worth mentioning when the liberals, who actually take steps to reduce it, are in power!