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I don't blame any one president for tax expenditures. In fact, I blame Congress for it. They write the tax code. And Republicans have been by far the biggest offenders.Tax expenditures are deductions, credits, and exemptions. They have to be compensated for with higher tax rates and massive borrowing. They also result in an insane system whereby entities earning identical incomes are paying radically different taxes, creating a thoroughly corrupted and unlevel playing field.Glad you asked!Perhaps you and we give presidents too much blame and too much credit on the economy's plight.Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
So, anyway, tell me where you would cut a trillion out of the budget to balance it?
The first thing I would do is ban all tax expenditures. They add up to $1.4 trillion. So with just that one thing, the budget would not only be balanced, we could lower tax rates on EVERYONE. This would have the added benefit of leveling the taxpayer playing field. A tertiary result would be instant campaign finance reform since special interests would no longer have an incentive to bribe our politicians to put all those carve-outs in the tax code for them. Finally, we would all be able to file our taxes on a postcard.
The next thing I would do is raise the Medicare and Social Security eligibility age to 70, and index the retirement age to 9 percent of the population going forward. We are LIVING longer, we should be WORKING longer.
Balancing the budget and paying off our debt would be easy if we had honest politicians with spines.
But we get the politicians we deserve. We DEMAND they spend above our means. Every last one of us demands it.
You blame the poor. Pathetic.
I do not blame the poor. I am selective as to who we place in our poor category, though, yes.
Overall I think you made some good suggestions. I do not know what you are referring to by "tax ependitures" however? Does this have to do with Trump's tax rate cuts? If so, there is some kind of balance between over taxing and under taxing, the former becoming a form of socialism and disinterest in personal achievements. That ain't good.
But government and politicians are a necessary evil. They can get away with murder and "self-benefiting" and most of them do and have done for, like, forever.
Tax expenditures are the biggest government behavioral control program in history. It is also the biggest government market interference in history.
Yes, ok. I always understood this was all going on with our convoluted tax system, I just never referred to it with that phrase. So to sum it one way: major corporations and other financial or influential entities lobby and influence politicians to give them sweetheart tax deals one way or another. And this occurs with both parties and has gone on for scores of years and is likely to continue. So, 1), how can we blame one president for not doing anything about it? And 2), is it even remotely possible any president or congress could make sweeping changes to alter this unfair practice? I doubt it.
Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
They won't because we won't let them.The only President who ever balanced the Govt. budget was Andrew Jackson. That was after he got rid of the Bank of America.
No one will ever balance the budget again. No one.
Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
Donald Trump suffers from multiple personality disorders but Trump also suffers from great insecurity issues.
Trump is EXTREMELY insecure.
Bottom line = Trump is a giant pussy.
Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
Yup, and here's what he thinks about that:
Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
.
.
.
LMAO Like every President hasn't thought the same thing??
Get real dipshit.
Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
Donald Trump suffers from multiple personality disorders but Trump also suffers from great insecurity issues.
Trump is EXTREMELY insecure.
Bottom line = Trump is a giant pussy.
A very good point.LMAO Like every President hasn't thought the same thing??
Obama and Clinton clearly didn't, as they kept decreasing the deficit through their terms.
Get real dipshit.
Both sides don't do it. Just your side does it.
So, can we all at least agree that Trump voters should be the ones who have to repay the deficits that they enable?
I tell you this, and I've said it before.
The pseudocons will suddenly discover the record spending and doubling of our deficits after the Democrats take the House.
"I blame Pelosi!"
They won't be able to stop themselves, even knowing I just called them out ahead of time for it.
They are hard-wired for that kind of hypocrisy. This is the result of long term brainwashing by their propagandists. Willful blindness where necessary, and a slow and deliberate dumbing down over the past two decades.
Ah. Finally, an admission Trump is just like Obama.LMAO Like every President hasn't thought the same thing??
Get real dipshit.
As I said a the top. Daffy Donald hates being second to anyone.Secrets of the Federal Budget Revealed
Daffy Donald's proposed budget for FY2019 is $4.407 trillion.
That's a taxpayer-busting record. That's a trillion dollars more than any of Obama's yearly spending.
I will make the math simple: Obama + $1 trillion = Trump
The Donald's deficit for FY2019 is a trillion bucks, not counting the off balance sheet spending which will increase the deficit even more.
Daffy Donald loooooooooves spending other people's money. He's doubled the deficit he inherited, he has achieved record spending, and he is well on his way toward shattering Obama's total debt record.
But at least the Dow is performing well, thanks to Trump!
Oh, wait...
Donald Trump suffers from multiple personality disorders but Trump also suffers from great insecurity issues.
Trump is EXTREMELY insecure.
Bottom line = Trump is a giant pussy.
Nope. He's just one very competitive man.