What you economic illiterates don't comprehend!

Discussion in 'Politics' started by healthmyths, Nov 10, 2017.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    THERE IS NOTHING to CUT!
    A) Most idiots think if the budget increases are not made...THEN THAT'S a CUT!!!
    The federal budget GROWS because there are automatic increases in everything and that's what Trump is after... REDUCE those automatic increases.
    B) And this same old tired cliche "cuts to pay for rich tax cuts"!
    HEY IDIOT!!!!! What the hell do you think the "rich" do with their TAX cuts? Dummy! Do they hide that money in their mattresses or bury in the back yard, or buy $100 million yachts, or fly around the USA like Al Gore etc..??
    NO... dummy. They don't bury or hide but they do buy $100 million yachts and where do they stay when they fly... places that have people working that get paid!
    So please stop this stupid hatred, jealousy and just plain ignorance about the "rich"!
    AGAIN IDIOT...

    How large are 401(k)s?

    As of June 30, 2017, 401(k) plans held an estimated $5.1 trillion in assets and represented 19 percent of the $26.6 trillion in US retirement assets, which includes employer-sponsored retirement plans (both defined benefit (DB) and defined contribution (DC) plans with private- and public-sector employers), individual retirement accounts (IRAs), and annuities. In comparison, 401(k) assets were $3.0 trillion and represented 17 percent of the US retirement market in 2007.
    How many Americans have 401(k)s?
    In 2015, about 54 million American workers were active 401(k) participants, and there were nearly 550,000 401(k) plans.
    ICI - 401(k) Plan Research: FAQs

    You start bashing the "rich" and maybe you should be looking around if YOU aren't part of the above!
     
  2. Spare_change
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    Spare_change Gold Member

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    No, that's not why they pay no taxes ---- they pay no taxes because liberals, who cannot deliver on their political promises, are forced to buy votes thru give-aways, Ponzi schemes, and bribery. Then, they have the temerity to cloak their deceit in "compassion", "charity", and "caring".
     
  3. healthmyths
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    healthmyths Gold Member Supporting Member

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    In Trump Budget, What Media Call 'Cuts' Are Really Increases
    Looking at individual programs, it is misleading to state that spending on Medicaid programs will be cut, as many did this morning. The new budget proposes to increase federal Medicaid spending from $378 billion a year today to $524 billion a year in 2027.
    It shows how far removed Washington is from everyday Americans for this increase of $146 billion to be called a cut.
    The fundamental problem is that special interests are addicted to the rising path of spending. Altering this path by increasing spending at a slower rate always opens change-makers to extraordinary attacks, as we have seen today.

    • The Department of Agriculture's Child Nutrition Programs. The program had outlays of $23 billion in 2017, and President Trump has proposed for spending to rise to $34 billion in 2027, a 47% increase. True, this is less than the $29 billion increase that Congress has allocated. But it is still an increase.
    • President Trump wants to increase funding from $61 billion in 2017 to $76 billion in 2027 for the Earned Income Tax Credit program, which supplements incomes of low earners and is administered by the Internal Revenue Service. Yes, $1 billion is cut from the baseline, but spending is still rising.
    • Wasteful government programs cost taxpayers billions annually, according to the Government Accountability Office.
    • America has over 90 anti-poverty programs, 17 food-aid programs and 22 housing-assistance programs. Partly as a result, the federal debt has tripled from less than $6 trillion in 1997 to almost $20 trillion today.
    In Trump Budget, What Media Call 'Cuts' Are Really Increases
     
    • Thank You! Thank You! x 1
  4. The Derp
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    The Derp Silver Member

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    That is exactly why they pay no taxes. You cut taxes so much, so deeply, that it resulted in that many people not having a tax burden. Because of that, the tax burden increases on the rich, even as the marginal tax rates are cut in half. And your solution to that is to...cut taxes, thus repeating the same cycle again. for no other purpose than to further exacerbate the burden so you can use that as an excuse to cut taxes. It's a circle-jerk. And you happily eat the cracker because you're dumb (or because you like the taste).

    No, what's clear is you don't know what the fuck you're talking about but you have to posture as if you do because you're a propagandist.
     
  5. healthmyths
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    healthmyths Gold Member Supporting Member

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    Please provide PROOF!!!
     
  6. Kosh
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    Kosh Gold Member Supporting Member

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    See the far left does not understand how SS and Medicare work.

    Also see how the far left can not accept the fact that no cuts were made yet Big Bird moved anyway. They have no basis in reality for their claims. All they can do is run debunked far left religious narratives.

    Proof the far left should never should be in charge of anything.

    Hint: All you far left drones are a Conservative, you need to deal with it.
     
  7. Kosh
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    Kosh Gold Member Supporting Member

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    Do not expect the far left to provide any real proof, they only know debunked far left religious dogma!
     
  8. healthmyths
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    healthmyths Gold Member Supporting Member

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    I agree they don't seem to know that their Employer pays an equal amount 6.2% into SS/Medicare AND also pay workman's comp and unemployment insurance which all
    comes back to the employee. More importantly it is this reason full employment is so necessary because the Federal government counts SS/Medicare as 33% of the entire
    Federal revenue.
    federaltaxrevenue2016.png
     
  9. Mr.Blonde
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    Mr.Blonde VIP Member

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    Direct government spending (stimulus) only distorts the market because the money isn't being spent on what it normally would have.

    What do you think the rich do with their money? Hide it under their matteress? No they put the money in banks or other some other financial area. That money will either be used to lend or used to expand something else.

    A big part of the problem with individual states trying it is the federal government. The federal government forces states to pay for a bunch of programs. It puts the state government at a disadvantage when trying something new.

    So you aren't going to answer the question?


    PBS still gets Sesame Street, but it airs on HBO first.
     
  10. Spare_change
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    Spare_change Gold Member

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    What a dumb ass ... you seriously believe this bullshit??

    I find it hard to believe that anybody with a third-grade education would buy into this lack of logic. You truly are an embarrassment to the public education system.

    Just, go away ... I might be deplorable, but you're irredeemable.
     

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