Balance the Budget Using Romney/Ryan promises

[CrusaderFrank]

1. A tax cut that is revenue neutral. Therefore you get no new revenue towards lowering the deficit from tax policy;

you only break even.

2. Increase defense spending. Therefore you ADD to the deficit, you don't lower it.

3. Take Medicare off the table for 10 years. That's the Romney/Ryan promise. Therefore you get no savings on Medicare spending.

4. Take Social Security off the table for 5 years. That's an estimate based on Romney's promise not to touch SS for anyone retired or near retirement. Therefore you get no savings from Social Security.

...with all that as pre-conditions,

Tell us how Romney/Ryan balance the budget.

Budgets...LOL

Dems talking budgets is some funny shit

 

[CrusaderFrank]

2012 US economy: 15.6 T
Tax revenue: 2.5T
Obama Deficit: 1 T

2013: US economy 16.2T
Tax Revenue: 2.8T
Deficit:: 600B

2014: US economy: 17T
Tax Revenue: 3.1T
Deficit: 300B

2015: US Economy 18T
TAx Revenue: 3.4B
Deficit: 0

2016: Romney wins 56 states, Senate Republicans control 52 states, Democrats in House are reduced to 6 from CA and 4 from NY

 

[NYcarbineer]

Why is it when ever you guys Talk about this. You always Fail to account for any Economic Growth at all?

Yet when you Calculate how Much Obama Care will cost, you remember to Account for extremely Optimistic Economic Growth Figures.

Anyone else notice that?

Because 'economic growth' is the bullshit line that every Republican since Reagan has used to claim their economic plans would produce balanced budgets.

My description doesn't exclude economic growth. It doesn't exclude the growth of entitlements and other spending programs either.

So give it a shot. show us how Romney balances the budget under his own conditions, as I described them.

 

[Lakhota]

Mitt Romney's campaign says I'm full of it. I said Romney's tax plan is mathematically impossible: he can't simultaneously keep his pledges to cut tax rates 20 percent and repeal the estate tax and alternative minimum tax; broaden the tax base enough to avoid growing the deficit; and not raise taxes on the middle class. They say they have six independent studies -- six! -- that "have confirmed the soundness of the Governor’s tax plan," and so I should stop whining. Let's take a tour of those studies and see how they measure up.

Much More: The Final Word on Mitt Romney's Tax Plan - Bloomberg

 

[SniperFire]

2012 US economy: 15.6 T
Tax revenue: 2.5T
Obama Deficit: 1 T

2013: US economy 16.2T
Tax Revenue: 2.8T
Deficit:: 600B

2014: US economy: 17T
Tax Revenue: 3.1T
Deficit: 300B

2015: US Economy 18T
TAx Revenue: 3.4T
Deficit: 0

2016: Romney wins 56 states, Senate Republicans control 52 states, Democrats in House are reduced to 6 from CA and 4 from NY

Which is about 18% taxes extracted from GDP, and a perfect match under Hauser's Law and Laffer.

 

[NYcarbineer]

1. A tax cut that is revenue neutral. Therefore you get no new revenue towards lowering the deficit from tax policy;

you only break even.

2. Increase defense spending. Therefore you ADD to the deficit, you don't lower it.

3. Take Medicare off the table for 10 years. That's the Romney/Ryan promise. Therefore you get no savings on Medicare spending.

4. Take Social Security off the table for 5 years. That's an estimate based on Romney's promise not to touch SS for anyone retired or near retirement. Therefore you get no savings from Social Security.

...with all that as pre-conditions,

Tell us how Romney/Ryan balance the budget.

there's a reason they call them magic underpants, pal.

Interestingly, from the Reagan years, when David Stockman was budget director,

they called it the 'magic asterisk'.

"The magic asterisk was the invention of David Stockman, budget director to Ronald Reagan.

Stockman, who needed to show a more favorable budget than the Reagan tax cuts would justify, put in an asterisk and noted “future savings to be identified.”

(He also invented the magic asterisk’s cousin, Rosy Scenario. She seems to be making a comeback as well.) Since then, the magic asterisk has become a staple of budgets that don’t add up and wishful economic thinking.

What Stockman invented, however, Romney and Ryan have perfected."

Search Results asterisk « news@JAMA

 

[SniperFire]

Why is it when ever you guys Talk about this. You always Fail to account for any Economic Growth at all?

Yet when you Calculate how Much Obama Care will cost, you remember to Account for extremely Optimistic Economic Growth Figures.

Anyone else notice that?

Because 'economic growth' is the bullshit line that every Republican since Reagan has used to claim their economic plans would produce balanced budgets.

My description doesn't exclude economic growth. It doesn't exclude the growth of entitlements and other spending programs either.

So give it a shot. show us how Romney balances the budget under his own conditions, as I described them.

LOL

Romney's does.

Uber-Libtard-Meme-Fail.

 

[buckeye45_73]

So his tax plan is a push. No tax cuts for his wealthy buddies means no trickle down.

Where's his jobs plan then?

2 things......the rate cuts and killing OBama care
Rate cuts
Obama and Romeny want to cut coporate taxes to encourage big business to grow
Romney wants to lower tax rates on the top bracket, because they are the small businesses that create most of the jobs and they pay the individual rates and not the coporate rate....you close loopholes so you can keep revenue....but the Bush tax cuts increased revenue
Historical Federal Receipt and Outlay Summary

It took 2 years in to get even....and 3 years to go substantially more tax revenues
so it does work..more people working=tax revenue, higher paying jobs= revenue

Obamacare is a major tax on jobs and business
Thats why you saw a ton of part time jobs created and not many good jobs.....it makes hiring people waaay too expensive

 

[Lakhota]

Romney and Ryan are full of shit.

 

[NYcarbineer]

1. A tax cut that is revenue neutral. Therefore you get no new revenue towards lowering the deficit from tax policy;

you only break even.

2. Increase defense spending. Therefore you ADD to the deficit, you don't lower it.

3. Take Medicare off the table for 10 years. That's the Romney/Ryan promise. Therefore you get no savings on Medicare spending.

4. Take Social Security off the table for 5 years. That's an estimate based on Romney's promise not to touch SS for anyone retired or near retirement. Therefore you get no savings from Social Security.

...with all that as pre-conditions,

Tell us how Romney/Ryan balance the budget.

Have you ever heard of something called GDP?

If you can answer 'yes', we can continue.

If not, why not try the cooking forums?

GDP? Is that how Reagan and Bush and Bush balanced the budgets? lol

Go ahead, show us how Romney balances the budget under his OWN conditions.

 

[SniperFire]

Romney and Ryan are full of shit.

Assfucker says: 'It's too hard. We can't f'n do it!'


LOL

 

[NYcarbineer]

So his tax plan is a push. No tax cuts for his wealthy buddies means no trickle down.

Where's his jobs plan then?

2 things......the rate cuts and killing OBama care
Rate cuts
Obama and Romeny want to cut coporate taxes to encourage big business to grow
Romney wants to lower tax rates on the top bracket, because they are the small businesses that create most of the jobs and they pay the individual rates and not the coporate rate....you close loopholes so you can keep revenue....but the Bush tax cuts increased revenue
Historical Federal Receipt and Outlay Summary

It took 2 years in to get even....and 3 years to go substantially more tax revenues
so it does work..more people working=tax revenue, higher paying jobs= revenue

Obamacare is a major tax on jobs and business
Thats why you saw a ton of part time jobs created and not many good jobs.....it makes hiring people waaay too expensive

Repealing Obamacare sets the insolvency date of Medicare back to 2016.

Since Romney is promising not touch Medicare for 10 years, i.e, not to change Medicare for anyone 55 or older,

Medicare will be bankrupt in the 3rd year of a Romney presidency.

 

[NYcarbineer]

Why is it when ever you guys Talk about this. You always Fail to account for any Economic Growth at all?

Yet when you Calculate how Much Obama Care will cost, you remember to Account for extremely Optimistic Economic Growth Figures.

Anyone else notice that?

Because 'economic growth' is the bullshit line that every Republican since Reagan has used to claim their economic plans would produce balanced budgets.

My description doesn't exclude economic growth. It doesn't exclude the growth of entitlements and other spending programs either.

So give it a shot. show us how Romney balances the budget under his own conditions, as I described them.

LOL

Romney's does.

Uber-Libtard-Meme-Fail.

Prove it. And prove we will get the economic growth that will balance the budget.

Hint: Reagan claimed the same thing. How did that work out?

 

[Interpol]

Why is it when ever you guys Talk about this. You always Fail to account for any Economic Growth at all?

Yet when you Calculate how Much Obama Care will cost, you remember to Account for extremely Optimistic Economic Growth Figures.

Anyone else notice that?

The Romney-Ryan plan actually accounts for future Economic Growth.

They figure from the moment they begin governing in January that the economy will grow at about 5% a year, which is a ridiculous estimate for even good, robust economic times.

So far, the Romney-Ryan plan simply does not add up.

You can't raise defense spending by about $200 billion/year, cut taxes 20% across the board, and not touch Medicare for 10 years and expect to lower the deficit. Doing those three things would seriously send us into an economic crisis.

I'm sorry, but cutting some loopholes here and there just won't cut into that kind of expenditure, particularly when you also plan on getting rid of the estate tax as well as lowering capital gains taxes.

It's so disheartening. I wish I could live in times when Republicans were serious adults, but they just keep offering smoke and mirrors and more of this failed trickle-down stuff.

 

[SniperFire]

1. A tax cut that is revenue neutral. Therefore you get no new revenue towards lowering the deficit from tax policy;

you only break even.

2. Increase defense spending. Therefore you ADD to the deficit, you don't lower it.

3. Take Medicare off the table for 10 years. That's the Romney/Ryan promise. Therefore you get no savings on Medicare spending.

4. Take Social Security off the table for 5 years. That's an estimate based on Romney's promise not to touch SS for anyone retired or near retirement. Therefore you get no savings from Social Security.

...with all that as pre-conditions,

Tell us how Romney/Ryan balance the budget.

Have you ever heard of something called GDP?

If you can answer 'yes', we can continue.

If not, why not try the cooking forums?

GDP? Is that how Reagan and Bush and Bush balanced the budgets? lol

Go ahead, show us how Romney balances the budget under his OWN conditions.

Yeah. Reagan, for example, doubled GDP in just his 8 years. This almost DOUBLED Federal tax receipts.

But you know that, and just feign ignorance and stupidity, don't you?

 

[NYcarbineer]

Romney's tax cut is 'revenue neutral' according to Romney,

so it's not really a tax cut at all. How can a non-tax cut tax cut be stimulative when you people believe it's CUTTING taxes that's stimulative?

 

[NYcarbineer]

Have you ever heard of something called GDP?

If you can answer 'yes', we can continue.

If not, why not try the cooking forums?

GDP? Is that how Reagan and Bush and Bush balanced the budgets? lol

Go ahead, show us how Romney balances the budget under his OWN conditions.

Yeah. Reagan, for example, doubled GDP in just his 8 years. This almost DOUBLED Federal tax receipts.

But you know that, and just feign ignorance and stupidity, don't you?

He tripled the deficit. We're talking about balancing the budget here. Stay on topic.

Reagan used deficit spending as a stimulus program. Is that Romney's plan?

 

[SniperFire]

Because 'economic growth' is the bullshit line that every Republican since Reagan has used to claim their economic plans would produce balanced budgets.

My description doesn't exclude economic growth. It doesn't exclude the growth of entitlements and other spending programs either.

So give it a shot. show us how Romney balances the budget under his own conditions, as I described them.

LOL

Romney's does.

Uber-Libtard-Meme-Fail.

Prove it. And prove we will get the economic growth that will balance the budget.

Hint: Reagan claimed the same thing. How did that work out?

Easy. From Forbes, an explanation that Romney's plans include GDP growth:

;the critics of the Romney tax plan are missing the point. The only “tax base” that matters is GDP. '

Economic Growth Will Pay For Mitt Romney's Tax Cuts - Forbes

Now, don't you feel a little more stupider than you did a couple minutes ago?

LOL

 

[SniperFire]

Hey Libtard,

Does Romney actually care if 'your description' includes economic growth?

LOL

 

[NYcarbineer]

LOL

Romney's does.

Uber-Libtard-Meme-Fail.

Prove it. And prove we will get the economic growth that will balance the budget.

Hint: Reagan claimed the same thing. How did that work out?

Easy. From Forbes, an explanation that Romney's plans include GDP growth:

;the critics of the Romney tax plan are missing the point. The only “tax base” that matters is GDP. '

Economic Growth Will Pay For Mitt Romney's Tax Cuts - Forbes

Now, don't you feel a little more stupider than you did a couple minutes ago?

LOL

That's just a biased opinion from an interested party. And, once again, it's just what they said about the Reagan tax cuts.

They were wrong then. Using a theory that never works is not much of an argument.