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

[The5thHorseman]

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

Post your 3 primary sources of information.

 

[Oddball]

Post your 3 primary sources of information.

Irrelevancy is irrelevant.

When you're taking in nearly $5 trillion, you don't have a revenue problem.

 

[The5thHorseman]

Irrelevancy is irrelevant.

When you're taking in nearly $5 trillion, you don't have a revenue problem.

That's you, in a nutshell.

You huddle pathetically under your porch, offering comments about sources.....but you are too ashamed to name your own.

 

[Burgermeister]

Of course it's a spending problem. We've had all-time record tax revenue.

Fiscal Data Explains Federal Revenue

Check out @FiscalService Fiscal Data’s new federal revenue page! #FederalRevenue

fiscaldata.treasury.gov

 

[The5thHorseman]

Of course it's a spending problem. We've had all-time record tax revenue.

Fiscal Data Explains Federal Revenue

Check out @FiscalService Fiscal Data’s new federal revenue page! #FederalRevenue

fiscaldata.treasury.gov

Not this shit again.

You have an irrational fear of large numbers.

 

[Oddball]

That's you, in a nutshell.

You huddle pathetically under your porch, offering comments about sources.....but you are too ashamed to name your own.

Daily Kooks is paying the OP, asshole....My sources for what passes for "news" are entirely irrelevant.

The fact remains: a State that takes in nearly $5 trillion doesn't have a revenue problem.

 

[Oddball]

Not this shit again.

You have an irrational fear of large numbers.

You have an irrational fear of reason.

 

[The5thHorseman]

Daily Kooks is paying the OP, asshole.

The fact remains: a State that takes in nearly $5 trillion doesn't have a revenue problem.

You cannot begin to actually make that argument.

Ask me why...

 

[Oddball]

You cannot begin to actually make that argument.

Ask me why...

I actually made the argument....You have such a flaccid argument that you, once again, made it about me.

You really aren't 1/10th as clever as you believe yourself to be.

 

[The5thHorseman]

I actually made the argument....You have such a flaccid argument that you, once again, made it about me.

You really aren't 1/10th as clever as you believe yourself to be.

Link me to that...

 

[tahuyaman]

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

Nope. Revenues is not he problem. They continue to increase spending at a greater rate than the increases in revenues. It’s basic economics.

 

[tahuyaman]

Not really. The tax cut in 2017 was irresponsible and was already bad for the budget, and then the pandemic happened.

Revenues increased after the cuts in tax rates.

 

[The5thHorseman]

Nope. Revenues is not he problem. They continue to increase spending at a greater rate than the increases in revenues. It’s basic economics.

Who is doing that?

 

[multivita-man]

Revenues increased after the cuts in tax rates.

So did the debt/gdp ratio

 

[The5thHorseman]

Revenues increased after the cuts in tax rates.

Don't describe them.

Post them, with a source.

 

[tahuyaman]

So did the debt/gdp ratio

That’s because of overspending. Not undertaxing.

 

[tahuyaman]

Don't describe them.

Post them, with a source.

I’m not going to play your silly game, you lazy slob.

 

[tahuyaman]

Who is doing that?

The Congress. That’s who controls spending.

 

[Dekster]

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

Maybe it is both. I mean when my wife and I have a six figure income, there is no reason for 2 of our 3 children to get free lunch but here we have Uncle Sam paying for their corndogs because of the stupid program that allows schools to opt into free lunch for all.

 

[tahuyaman]

Maybe it is both. I mean when my wife and I have a six figure income, there is no reason for 2 of our 3 children to get free lunch but here we have Uncle Sam paying for their corndogs because of the stupid program that allows schools to opt into free lunch for all.

That’s a spending problem.