Trump's Tax Plan Will Pay for Itself

[frigidweirdo]

They might cost a lot. Look at the last tax cuts along with an expensive war. They cost jobs, they cost people's homes, they cost far too much.

the tax cut didn't cost anything.

the spending is responsible

Again, it cost. Just because you don't want this to be so, doesn't make it so.

it costs nothing to reduce revenue

it is the only thing in this world that is actually free

the only thing that incurs cost is spending

the only thing that incurs deficits is spending in excess of revenue

The problem is, if you owe money, it costs you money. You've already borrowed the money. You're not borrowing it a second time, but it's costing you. If you have a loan, it costs you. You could pay it back, and then it won't cost you, but then you decide to earn less money and reduce the amount you pay back. It's costing you.

paying interest is no different than spending on anything else

Okay, so what?

The point here is, is that if you take LESS in tax, then you're paying LESS to repay what you owe. If you're paying less to repay what you owe, you'll owe MORE.

Do you get that?

 

[frigidweirdo]

A tax cut costs billions in borrowing.

no it doesn't

the borrowing is done to support SPENDING

But cutting the taxes means the borrowing goes up.

only if you assume all government spending is sacrosanct

I don't make that assumption

No, not at all. You're trying to twist this around, it's not happening.

saying tax cuts cost is the twisting

tax cuts cost NOTHING spending costs

spending in excess of revenue creates deficits

borrowing to support spending creates debt

No, it's not. The tax cuts lead directly to more interest being paid.

But hey, I'm done with this point now. It's not even relevant to the thread.

 

[P@triot]

Stimulus was ~800 billion OUT OF ~10 TRILLION debt accumulated.

Well which one? Obama had more than half a dozen rounds of "stimulus". It's just that his minions were too stupid to know it because he only touted the first one. After it failed miserably (like everything Dumbocrats do), he kept pushing them through but stopped talking about them.

First there was the "The American Recovery and Reinvestment Act". Damn near a trillion dollars, Obama promised that if it was passed, unemployment would never hit 8%. Instead, it climbed to over 10%. That's when dillhole stopped promoting his socialism but continued to do engage in it anyway. After that idiotic stimulus package there was:

• The Omnibus Bill

• The GM bailout

• The Chrysler bailout

• The Wall Street bailout

• The Obama phone

• Cash for Clunkers

• Extended unemployment

There's a reason that Barack Obama added as much to the national debt in only 8 years as all presidents combined in history accumulated in 232 years and it wasn't because he "cut" deficits, you dimwit.

 

[P@triot]

Your chart is completely fake. Obama's deficit in his first year reached $1.6 trillion. Your chart - from the Obama White House - doesn't reflect that.

You are so easy to dupe. I wonder how many hours per day Obama laughs at you?

 

[Skull Pilot]

Tax cuts do not have to pay for themselves since they cost nothing to begin with

22% of GDP ...

... Ouch!

tax cuts do not cost anything

I can't make it any simpler than that

What are you talking about about? Taxs are the governments primary source of revenue, they are the balancing factor that determines our debt and deficit. If your paycheck gets cut in half does that make a difference in your lifestyle? Economics 101 dude

no spending determines the balance of our debt and deficit not revenue.

no government spending is sacrosanct

Deficit spending and servicing the debt have their own economic strategy that can be essential and beneficial for an economy. It's not just straight irresponsible spending. while I do agree that our government is too big and has been fiscally irresponsible, you should understand more about the economics of our country so we can have a fair discussion on the topic

so you're telling me that deficit spending being the constant thing it is now is actually a strategy?

and don't tell me what I know or don't know about the economy.

deficit spending as a strategic tactic is not what we are doing now and you're an idiot if you can't understand that

 

[Skull Pilot]

the tax cut didn't cost anything.

the spending is responsible

Again, it cost. Just because you don't want this to be so, doesn't make it so.

it costs nothing to reduce revenue

it is the only thing in this world that is actually free

the only thing that incurs cost is spending

the only thing that incurs deficits is spending in excess of revenue

The problem is, if you owe money, it costs you money. You've already borrowed the money. You're not borrowing it a second time, but it's costing you. If you have a loan, it costs you. You could pay it back, and then it won't cost you, but then you decide to earn less money and reduce the amount you pay back. It's costing you.

paying interest is no different than spending on anything else

Okay, so what?

The point here is, is that if you take LESS in tax, then you're paying LESS to repay what you owe. If you're paying less to repay what you owe, you'll owe MORE.

Do you get that?

if you take in less you don't have to pay less on the debt you owe you pay less or stop paying for other things. Not every dime the government spends is essential

and FYI we are not paying any principal on our massive debt we are only paying interest and as long as we keep borrowing that interest expense will keep rising

so as I said it is spending and only spending that causes deficits

 

[Skull Pilot]

no it doesn't

the borrowing is done to support SPENDING

But cutting the taxes means the borrowing goes up.

only if you assume all government spending is sacrosanct

I don't make that assumption

No, not at all. You're trying to twist this around, it's not happening.

saying tax cuts cost is the twisting

tax cuts cost NOTHING spending costs

spending in excess of revenue creates deficits

borrowing to support spending creates debt

No, it's not. The tax cuts lead directly to more interest being paid.

But hey, I'm done with this point now. It's not even relevant to the thread.

if you don't borrow more you will not pay more interest

 

[Slade3200]

22% of GDP ...

... Ouch!

tax cuts do not cost anything

I can't make it any simpler than that

What are you talking about about? Taxs are the governments primary source of revenue, they are the balancing factor that determines our debt and deficit. If your paycheck gets cut in half does that make a difference in your lifestyle? Economics 101 dude

no spending determines the balance of our debt and deficit not revenue.

no government spending is sacrosanct

Deficit spending and servicing the debt have their own economic strategy that can be essential and beneficial for an economy. It's not just straight irresponsible spending. while I do agree that our government is too big and has been fiscally irresponsible, you should understand more about the economics of our country so we can have a fair discussion on the topic

so you're telling me that deficit spending being the constant thing it is now is actually a strategy?

and don't tell me what I know or don't know about the economy.

deficit spending as a strategic tactic is not what we are doing now and you're an idiot if you can't understand that

Did I say that? I pretty clearly said that I thought the gov was fiscally irresponsible and in need of reform. Did you not understand that? Deficit spending is an economic strategy and I was making that point. If you don't understand what that means and if you don't understand the difference between our nations debt and personal debt then you don't belong in this conversation

 

[edward37]

Yowza!

Maybe, not so much ....

Fiscal FactCheck: How Much Will Trump's Tax Plan Cost?

And Pigs Fly

 

[AntonToo]

Your chart is completely fake. Obama's deficit in his first year reached $1.6 trillion.

How about you start actually SOURCING something.

 

[P@triot]

Your chart is completely fake. Obama's deficit in his first year reached $1.6 trillion.

How about you start actually SOURCING something.

I did snowflake. I've posted the link to the "SOURCE" at least half a dozen times on this thread. You even replied to it when you posted response #316, you freaking dimwit.

What you're doing is spreading FAKE NEWS. But...that's what we've all come to expect from your side of the aisle.

 

[AntonToo]

Your chart is completely fake. Obama's deficit in his first year reached $1.6 trillion.

How about you start actually SOURCING something.

I did snowflake. I've posted the link to the "SOURCE" at least half a dozen times on this thread. You even replied to it when you posted response #316, you freaking dimwit.

What you're doing is spreading FAKE NEWS. But...that's what we've all come to expect from your side of the aisle.

There was no link retard. Underlining words doesn't create a link.

The one source you did use was TOTAL HORSESHIT with completely fabricated numbers.

Which President Added Most to the U.S. Debt?

Here are real numbers from CONGRESSIONAL BUDGET OFFICE:

Budget and Economic Data

 

[Slade3200]

Your chart is completely fake. Obama's deficit in his first year reached $1.6 trillion. Your chart - from the Obama White House - doesn't reflect that.

You are so easy to dupe. I wonder how many hours per day Obama laughs at you?

What was the deficit of Bushes last budget according to your data?

 

[CowboyTed]

Tax cuts do not have to pay for themselves since they cost nothing to begin with

If I don't go to work tomorrow it also costs me nothing.