Deficit spending not sustainable. The Fed spends more on INTEREST ON DEBT than DEFENSE

[hadit]

A politician's top priority is not doing what's best for the country. It's playing the game, raking in the donations and getting re-elected.

Our system incentivizes and rewards this. As long as that's the case, it's silly for us to expect them to change.

Time to change the system.

Money chases power. The only way to reduce or eliminate the role money plays in government is to reduce the power government has.

 

[leftwinger]

And the rich will go right back to not trading and hoarding their wealth. Stop drinking the government Kool-Aid the 'rich' are not going to save you, they don't have enough money. The richest guy on the planet has what $240 billion, government is spending $7,000 billion every year.

Understood. I implied "unless they stop trading on Wall st".

 

[leftwinger]

Time to double taxes on the top 5% and cut military spending.

Focus on ourselves.

Which taxes? You dumb OX.

 

[leftwinger]

Flat rate per transaction maybe. Certainly not a percentage.

If I need to go into the red 10% on every stock I purchase, only to pay capital gains tax on the profit I make, if I even make profit, then I’m out.

They would end up losing revenue. People like me wouldn’t contribute capital gains. Not to mention the entire stock market getting smashed and the impact from that.

Find an easy $3T/year. Again, just to break even right now!

It aint easy. It's only one idea I've seen floated. ~$3.00/ share might do it? But you can't charge $3 on a 50cent share.

 

[BluesLegend]

Understood. I implied "unless they stop trading on Wall st".

The government spending problem is so bad that if they confiscated every dollar of the 'rich' wealth government would burn through the money in just a few years. When you can burn through $7 trillion a year that wealth won't last long. Then what? Meanwhile government does it's best to demonize the 'rich' to deflect blame from themselves.

When government tells you the 'rich' don't pay their fair share, call them LIARS! The top 10% pay a whopping 71% of the income taxes. Sounds like a fair share to me holy shit!

 

[leftwinger]

That did not work out very well, the deficit skyrocketed and he spent more in 4 years than anyone before him

You dirty spinning stupid OX! Things were going along at ~Obiden 1.0 levels till your criminal deep staters launched a virus and used it to shut the Country you POS. Get off the boards you rotten Tolling imbecile!

 

[BluesLegend]

Time to double taxes on the top 5% and cut military spending.

The top 10% already pay 71% of the income taxes. Come here you indoctrinated sheeple

 

[BluesLegend]

New revenue is the fastest way to accelerate new spending. The LAST thing Congress wants is new revenue that's locked into a purpose such as debt reduction, that they can't spend.

Government, those lying financial geniuses jacked up Social Security taxes to cover the baby boomers retiring...THEN stole our f'ing money from Social Security and spent it on other crap leaving us a worthless $2 trillion dollar IOU they can't pay back. MF'ers!

 

[XponentialChaos]

Find an easy $3T/year. Again, just to break even right now!

It aint easy. It's only one idea I've seen floated. ~$3.00/ share might do it? But you can't charge $3 on a 50cent share.

What I’m saying is that that’s not an easy $3T/year. It would only compound the issue by generating less revenue from capital gains.

If a casino is interested in raising their revenue, it would be ridiculously stupid for them to include an entry fee on everyone who walks through the door. Some people will pay it, but a lot of people would go to a different casino instead.

 

[hadit]

What I’m saying is that that’s not an easy $3T/year. It would only compound the issue by generating less revenue from capital gains.

If a casino is interested in raising their revenue, it would be ridiculously stupid for them to include an entry fee on everyone who walks through the door. Some people will pay it, but a lot of people would go to a different casino instead.

To say nothing of the devastating impact when stock trading takes a serious hit and 401K's crash.

 

[leftwinger]

The problem remains. Where can the crooks find $3T to confiscate annually just to break even? Then we could hope to force them to cut, consolidate, sell, eliminate. Whatever, to reduce the debt. In an ideal realistic scenario of course.

 

[hadit]

The problem remains. Where can the crooks find $3T to confiscate annually just to break even? Then we could hope to force them to cut, consolidate, sell, eliminate. Whatever, to reduce the debt. In an ideal realistic scenario of course.

There will be no debt reduction through higher taxes alone, because Congress has proven itself totally incapable of leaving new revenue alone or devoting it to lowering the debt.

 

[d0gbreath]

Isn't capitalism wonderful!?

 

[leftwinger]

There will be no debt reduction through higher taxes alone, because Congress has proven itself totally incapable of leaving new revenue alone or devoting it to lowering the debt.

But the Stain say everyday allday all they have to do is Tax the rich more? I keep asking what Tax…..and they run away. Where do the Stain see $3T annually they can confiscate without destroying the fragile economy?

 

[pknopp]

That's not really a plan.

Do you have an actual viable plan?

Works for me. It beats any other actual plan.

 

[leftwinger]

Works for me. It beats any other actual plan.

no it doesn’t. They don’t allow any breathing time. We gotta stop the bleeding first. We have open arteries bleeding out all thanks to your kind, the Obiden kind.

 

[Billiejeens]

Works for me. It beats any other actual plan.

Well, your results are predictably pathetic.

 

[pknopp]

no it doesn’t. They don’t allow any breathing time. We gotta stop the bleeding first. We have open arteries bleeding out all thanks to your kind, the Obiden kind.

I say we need to stop voting for those who continue to vote to raise the debt. You say the solution is to stomp your feet like a toddler.

 

[pknopp]

Well, your results are predictably pathetic.

My results have never happened so...........................I guess you think the year in and year out continued debt isn't pathetic so whatever........

 

[leftwinger]

I say we need to stop voting for those who continue to vote to raise the debt. You say the solution is to stomp your feet like a toddler.

I’ve posted many fairly quick fixes or improvements. . What have you done? You’ve posted “you’re all stupid and wrong, only we know best. Install all new Political hacks”. Huh? No guarante in that.

Stuff your long range BS. It would be decades to have any impact (far too late). Stop spending increases. 13million illigeals eating up $0.5T is no help. You own it all.