It’s Not A Spending Problem. It’s A Revenue Problem

[Mac-7]

Solving the problem is simple

Freeze the current budget and allow no spending increase anywhere across the board in next years budget

That way everyone shares the pain equally

Well ok, not entirely simple since we must freeze the social programs such as SS Medicare and medicaid and that requires separate legislation

But it can be done and must be done

 

[jbrownson0831]

They’ve been conditioned and gaslighted so long, they only have the same talkingpoint they’ve been programmed to give.

The numbers are the numbers. Try as they may, and try as they might, there is no escaping them.

Get rid of the Bush and Trump tax cuts, the debt problems go away. The other side of that is freezing defense spending, or even cutting it.

View attachment 790235

Poor kookbots....your tiny brains are so infected with TDS you try to make everyone believe you have any sense.
But you don't its all Reichbabble

 

[Flash]

A long time Republican talking point on the budget is that we allegedly have a spending problem and don’t have a revenue problem. They have it exactly backwards. It’s time to fact check Republican gaslighting on spending and taxes.
The GOP is gaslighting us on spending when they claim that spending is allegedly out of control. Let’s look at the facts. Federal spending was 31.2 percent of GDP in 2020. Federal spending was 25.6 percent of GDP in 2022. Federal spending will be 24 percent of GDP under Biden’s budget. Spending is down significantly since Biden took office.

Bush was the only two term president in American history to preside over a decline in middle class incomes during his two terms as president. Moreover, at the time, Bush had the worst job creation record since Herbert Hoover.

The Trump jobs record was worse. In 2020, the U.S. economy lost a net 10 million jobs. Weekly unemployment claims between March and December 2020 exceeded the worst week of the 2008–09 recession. Trump left office after nearly 50 straight weeks of the worst job losses in American history. Trump was the first president since the Great Depression to leave office with fewer jobs in the country than when he was inaugurated.

Trump promised that the 2017 tax cuts would: 1. Deliver a $4,000 pay raise to the middle class; 2. Pay for themselves; 3. Kick off an investment boom; 4. Generate 6% GDP growth. 5. Generate more job growth.

None of this happened. Even before the pandemic, middle class incomes rose a paltry 1% adjusted for inflation; the deficit increased from $585 billion to $1 trillion; 85% of the tax cuts were spent on dividends and stock buybacks; there was no investment boom; GDP growth was no different than it was under Obama; and job growth declined by 20%. By Trump’s own criteria, the 2017 tax cuts were a failure.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

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Mod Edit - Deleted. Clean start

 

[Ordinary Guy]

As long as Democrats are permitted to buy votes with tax dollars, we will always have a spending problem

 

[The5thHorseman]

What a joke. President Trump’s economy was the best we ever had.

Then Fauci and his CCP pals unleashed WuFlu. All of your “job losses” are attributed solely to that.

What a joke. President Trump’s economy was the best we ever had

I'll give you a chance to name the measures by which you believe this is true.


Then I'm gonna tear you a fresh hole.

 

[The5thHorseman]

It's actually spot on.

 

[The5thHorseman]

As long as Democrats are permitted to buy votes with tax dollars, we will always have a spending problem

That's nonsense.

Name the most fiscally responsible POTUS for whom you have voted...

 

[Flash]

It's actually spot on.

Not even close.

One thing about these stupid Moon Bats. They don't know any more about Economics than they know about History, Biology, Climate Science, Ethics or the Constitution.

 

[The5thHorseman]

Not even close.

One thing about these stupid Moon Bats. They don't know any more about Economics than they know about History, Biology, Climate Science, Ethics or the Constitution.

This is gonna be funny.

Post the annual growth rates of federal spending under each administration since 1980....

Do you even know where to begin?

 

[Ordinary Guy]

That's nonsense.

Name the most fiscally responsible POTUS for whom you have voted...

nobody I have ever voted offered free college, ACA at the expense of 85% of the country covered with existing insurance. Democrats buy votes with tax dollars

 

[Blues Man]

A long time Republican talking point on the budget is that we allegedly have a spending problem and don’t have a revenue problem. They have it exactly backwards. It’s time to fact check Republican gaslighting on spending and taxes.
The GOP is gaslighting us on spending when they claim that spending is allegedly out of control. Let’s look at the facts. Federal spending was 31.2 percent of GDP in 2020. Federal spending was 25.6 percent of GDP in 2022. Federal spending will be 24 percent of GDP under Biden’s budget. Spending is down significantly since Biden took office.

Bush was the only two term president in American history to preside over a decline in middle class incomes during his two terms as president. Moreover, at the time, Bush had the worst job creation record since Herbert Hoover.

The Trump jobs record was worse. In 2020, the U.S. economy lost a net 10 million jobs. Weekly unemployment claims between March and December 2020 exceeded the worst week of the 2008–09 recession. Trump left office after nearly 50 straight weeks of the worst job losses in American history. Trump was the first president since the Great Depression to leave office with fewer jobs in the country than when he was inaugurated.

Trump promised that the 2017 tax cuts would: 1. Deliver a $4,000 pay raise to the middle class; 2. Pay for themselves; 3. Kick off an investment boom; 4. Generate 6% GDP growth. 5. Generate more job growth.

None of this happened. Even before the pandemic, middle class incomes rose a paltry 1% adjusted for inflation; the deficit increased from $585 billion to $1 trillion; 85% of the tax cuts were spent on dividends and stock buybacks; there was no investment boom; GDP growth was no different than it was under Obama; and job growth declined by 20%. By Trump’s own criteria, the 2017 tax cuts were a failure.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

Mod Edit - Deleted. Clean start

When you consistently spend more than you make it is a spending problem

 

[The5thHorseman]

nobody I have ever voted offered free college, ACA at the expense of 85% of the country covered with existing insurance. Democrats buy votes with tax dollars

Answer the question.

 

[Ordinary Guy]

Answer the question.

just did, extend your comprehension

 

[The5thHorseman]

just did, extend your comprehension

Don't even try.

Just get 'er done.

 

[Ordinary Guy]

Don't even try.

Just get 'er done.

I get that from you, typical lazy leftwing nut

 

[The5thHorseman]

I get that from you, typical lazy leftwing nut

Isn't that funny.

You're avoiding examining the actual facts.

You want me to accept the things you've been told to believe...

I say, lets do the math.

 

[jbrownson0831]

False. The federal government has taken in a record amount of revenue. You simply won't live within your means.

Hahahahahahahahahaha...wait...hahahahahahahahahahaha!

 

[Staidhup]

How do you explain the Federal debt? Lack of revenue or spending?

If you spend more than you earn you go into debt. Some people believe you can spend your way into prosperity. There is no excuse justifying fiscal irresponsibility…..unless of course your a politician and need the votes.

 

[The5thHorseman]

If you spend more than you earn you go into debt. Some people believe you can spend your way into prosperity. There is no excuse justifying fiscal irresponsibility…..unless of course your a politician and need the votes.

Have you voted consistent with these feelings?

 

[Oddball]

Well, Daily Kooks, sooo.......