You clamed we the people pay the tariffs not businesses.
1. Raising taxes is a death knell for politicians.There is no plan that I am aware of (that is a real plan).
We are totally screwed when it comes to the deficit, given that we are now paying so much in interest.
The projections for the debt make me want to jump off a cliff (of course I'll be taking Dante and other left wing idiots with me
If it were up to me.
1. Raise medicare tax to match spending.
2. Means test the rich with regards to S.S. benefits
3. Stop COLA on SS until it is balanced out.
That would be year one.
The costs are passed on. However only rarely does any business sell 100% of it's inventory so tariffs are paid on items that never sell (probably because the price was raised in many cases).
Try again, in English.
While I would hope that this would help.....we've got a huge problem.
You are full of shit.
In theory. It might be interesting to see one of them actually start to show a little panic with regards to this and suggest we need to raise taxes. You do know that the democrats will have no problem and if the trust fund is headed for insolvency, it means a benefit cut. If you thought a tax hike was bad.......
They pay to the cap. What they get back isn't the issue. They don't need it. Believe me, I hate the idea. But something has to give. We've made to many promises thanks to FDR and LBJ. Punish success? I am afraid you don't understand that they would not miss this at all. My mother, a travel agent, had a client who said he used his S.S. to pay for his green fees. He was very wealthy. Either he starts giving up more or people start getting less. It's pretty simple. That does not mean we won't be seeing the payroll taxes go up either.
No, I don't want you to starve. i suspect that COLA reductions would be regressive in nature. That or we simply take the wealthy off of the S.S. rolls. I know it sounds harsh and un-American. But this problem has been out there for years and NOBODY has taken it seriously. Don't forget that S.S. operates within the total federal budget which can't keep borrowing like it currently is.
Your frustration is my joy.
~~~~~>Well.....this is great news.
The 2025 deficit was 1.97 trillion. Total revenue was 4.69 trillion which means our deficit was 42% of total revenue and 29.5% of total spending.
I don't have an actual figure, but you can count on 1 trillion of spending on debt servicing alone. 1 FREAKING TRILLION.
In 2024 the deficit was 1.83 trillion.
AND NOBODY CARES (in government).
This is beyond reprehensible.
Your Guide to America’s Finances
Check out @FiscalService Fiscal Data’s new guide to America’s finances! #FiscalDatafiscaldata.treasury.gov
Total debt is 37.3 trillion. We'll be over 40 before Trump leaves.
We are selling our kids down the river.
Yes. People hated history class, but it was actually very useful. America was at war with the money trust since its inception up until the creation of the Federal Reserve. He who controls the money controls the nation. Today America is essentially a debt slave to the money trust. The most important thing a government must do is properly manage the money supply and America outsourced it to the very people who should never be involved with its management, the money trust. Unfortunately there is no easy way out of this problem. And it's not just America, countries all over the world are seriously in debt. But to who? People were led to believe that we owe that money to ourselves so this is not a problem. The truth is, we owe the debt to the money trust.so are we a bankrupt nation?
~S~
The BBB was a good start. It cut $1.5T off Biden's last budget. Now the democrats want to put it back.
All you remove the cap, raising the retirement ages would help too.We are totally screwed when it comes to the deficit, given that we are now paying so much in interest.
The projections for the debt make me want to jump off a cliff (of course I'll be taking Dante and other left wing idiots with me
If it were up to me.
1. Raise Medicare tax to match spending.
2. Means test the rich with regards to S.S. benefits
All you need is to remove the cap.
You also need to look at cutting Welfare, Medicaid, and Defense. We spend more on defense than the next 10 militaries combined.
You obviously don't understand the relationship between tariffs and creating jobs.
The failed thought was that by imposing tariffs, companies would open factories here.
Trump is okay taking the top rate from 37% to 40%.
Raising the cap is not unfair to the wealthy. Neither is means testing SS, if they have adequate income in retirement. Raising the retirement ages helps, since people are living longer. Also, eliminate the capital gains tax break, income is income.
Agreed, COLAs need to stay. Welfare and Medicaid need to be cut.
The federal government was once funded partly by tariffs and there was no federal income tax. As we examine all the problems in America today stemming from globalization, we avoided tariffs from the beginning and allowed the economy to be hollowed out for cheap imports. In retrospect, the tariffs today are actually long overdue and probably not going to be able to fix the damage of the last 30 some years.
It was, truly, a Big Beautiful Bill. Indefinite debt.Well.....this is great news.
The 2025 deficit was 1.97 trillion. Total revenue was 4.69 trillion which means our deficit was 42% of total revenue and 29.5% of total spending.
I don't have an actual figure, but you can count on 1 trillion of spending on debt servicing alone. 1 FREAKING TRILLION.
In 2024 the deficit was 1.83 trillion.
AND NOBODY CARES (in government).
This is beyond reprehensible.
Your Guide to America’s Finances
Check out @FiscalService Fiscal Data’s new guide to America’s finances! #FiscalData
Total debt is 37.3 trillion. We'll be over 40 before Trump leaves.
We are selling our kids down the river.
Well.....this is great news.
The 2025 deficit was 1.97 trillion. Total revenue was 4.69 trillion which means our deficit was 42% of total revenue and 29.5% of total spending.
I don't have an actual figure, but you can count on 1 trillion of spending on debt servicing alone. 1 FREAKING TRILLION.
In 2024 the deficit was 1.83 trillion.
AND NOBODY CARES (in government).
This is beyond reprehensible.
Your Guide to America’s Finances
Check out @FiscalService Fiscal Data’s new guide to America’s finances! #FiscalData
Total debt is 37.3 trillion. We'll be over 40 before Trump leaves.
We are selling our kids down the river.
www.politifact.com
