Why don’t republicans seem to understand the consequences of tax cuts?

[The5thHorseman]

Obviously your handlers have you trained.

Nice of you to admit it, Rube.

My training has me in agreement with a long time chairman of the Federal Reserve.

Yours has you yammering about "da constitooooshun"...

 

[Dante Reawakened]

It’s a pretty basic concept. If spending is not adequately cut and taxes are cut (something republicans do), this means that there is less revenue to pay for spending. If bewilders me how republicans think you can cut taxes and think it doesn’t have consequences. We know it has consequences because the deficit blew up under Trump.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

Oh and news flash: trickle down economics is not a real thing. Why would corporations bother investing in labor when it is easier for them to just keep the huge amount of money they save from tax cuts? After all their profits are already at an all time high.

United States Corporate Profits

Corporate Profits in the United States increased to 2803.20 USD Billion in the fourth quarter of 2023 from 2697.93 USD Billion in the third quarter of 2023. This page provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low...

tradingeconomics.com

The debt . The national debt

 

[Rigby5]

Most federal spending is corrupt and useless.
About 70% of federal spending is the Military Industrial Complex, once you include interest on the national debt that was from past military spending.
Most foreign aid is actually to do things like build roads and power plants for Coca Cola bottling plants.
Social Security is not a gift, but just our own money paid back eventually, with very minor interest.

We should dump the BATF, DEA, TSA, Homeland Security, and most of the federal agencies, since they are essentially illegal by definition.
And we should go back to the way the military was before WWI, where the states run their own divisions.

 

[Rigby5]

It’s a pretty basic concept. If spending is not adequately cut and taxes are cut (something republicans do), this means that there is less revenue to pay for spending. If bewilders me how republicans think you can cut taxes and think it doesn’t have consequences. We know it has consequences because the deficit blew up under Trump.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

Oh and news flash: trickle down economics is not a real thing. Why would corporations bother investing in labor when it is easier for them to just keep the huge amount of money they save from tax cuts? After all their profits are already at an all time high.

United States Corporate Profits

Corporate Profits in the United States increased to 2803.20 USD Billion in the fourth quarter of 2023 from 2697.93 USD Billion in the third quarter of 2023. This page provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low...

tradingeconomics.com

It was Bush who took the country deeply into debt, not Trump.
Trump borrowed about $5 trillion and caused a world wide recession.
Obama and Trump continued to add to the debt, but only as necessary to prevent total economic collapse.
The only reason Trump looks bad as far as the economy, was the number of businesses closed by covid.

 

[Oddball]

I'm trained

You're dancing around that subject.

No, you're indoctrinated....There's a difference.

 

[The5thHorseman]

No, you're indoctrinated....There's a difference.

Not because you say so.

Now stop bluffing, and answer.

 

[Oddball]

It was Bush who took the country deeply into debt, not Trump.
Trump borrowed about $5 trillion and caused a world wide recession.
Obama and Trump continued to add to the debt, but only as necessary to prevent total economic collapse.
The only reason Trump looks bad as far as the economy, was the number of businesses closed by covid.

Political hack chart made up by political hacks.

"If Reagan and Bush had balanced their budgets" is empty blabbering (if my aunt had balls), since it's congress (then run by democrats) who submit the spending bills.

Sure, they were gutless pussies who didn't veto the spending, but it is still the congress that writes the budgets.

 

[Oddball]

Not because you say so.

Now stop bluffing, and answer.

It's not because I say so...It's because it's true.

 

[Lesh]

About 70% of federal spending is the Military Industrial Complex, once you include interest on the national debt that was from past military spending.

Real close to ZERO Americans agree with you.

Buit then you're a Kremlin troll so

 

[The5thHorseman]

It's not because I say so...It's because it's true.

nah...it's bullshit.

you have no idea what you're yapping about.

 

[The5thHorseman]

Political hack chart made up by political hacks.

"If Reagan and Bush had balanced their budgets" is empty blabbering (if my aunt had balls), since it's congress (then run by democrats) who submit the spending bills.

Sure, they were gutless pussies who didn't veto the spending, but it is still the congress that writes the budgets.

stop.

you're an idiot.

learn how the budget process ACTUALLY works.

 

[Flopper]

The debt . The national debt

The debt is not a major problem, nor the deficit. As long as spending results in significant growth in GDP. Spending on education, healthcare, infrastructure, crime prevention, and defense of the country can be a good investment. However, there is one big caveat. These expenditures must make the country stronger and more productive.

 

[Dante Reawakened]

The debt is not a major problem, nor the deficit. As long as spending results in significant growth in GDP. Spending on education, healthcare, infrastructure, crime prevention, and defense of the country can be a good investment. However, there is one big caveat. These expenditures must make the country stronger and more productive.

ty

sound opinion

 

[The5thHorseman]

The debt is not a major problem, nor the deficit. As long as spending results in significant growth in GDP. Spending on education, healthcare, infrastructure, crime prevention, and defense of the country can be a good investment. However, there is one big caveat. These expenditures must make the country stronger and more productive.

I would compliment you for ranking those priorities in order of the macroeconomic multipliers associated with them

 

[Nostra]

The debt is not a major problem, nor the deficit. As long as spending results in significant growth in GDP. Spending on education, healthcare, infrastructure, crime prevention, and defense of the country can be a good investment. However, there is one big caveat. These expenditures must make the country stronger and more productive.

Yeah, $31 TRILLION in debt is no problem.

Idiot.

 

[jc456]

If you have to ask that question your economic knowledge is minimal.
Republican and Democratic politicians are continually changing economic policy to meet the needs of the time. There are many economic and political metrics that continually change requiring a change in economic policy.
A person as simple minded as you will never understand.

more mumbo jumbo word salad. And then you cross the international time line and start over right?

 

[jc456]

Show me your math...

debt ceiling needs to be increased = bad math by demofks.

 

[jc456]

You're a moron.


Got it?

so you got nothing huh?

 

[jc456]

I cite, you vaguely describe.

you concede with name calling.

 

[The5thHorseman]

debt ceiling needs to be increased = bad math by demofks.

It was raised 3 times under Grifty....