Musk "If we don't fix the deficit, America goes bankrupt. It's that simple."

[Marener]

Your eggheads assume there are no changes to behavior after a major tax cut. Tax cuts lead to increases in economic activity that results in the higher revenues. That increase wouldn’t be there without the tax cuts.

YOU are the one too stupid to comprehend the topic, Moroner.

You clearly didn’t read my link. If you had, you’d realize that everything you said about what the “eggheads” assume is false.

The analysis does account for the increased economic activity, but note that it’s not sufficient to make up for the lower tax rates.

 

[Nostra]

You clearly didn’t read my link. If you had, you’d realize that everything you said about what the “eggheads” assume is false.

The analysis does account for the increased economic activity, but note that it’s not sufficient to make up for the lower tax rates.

You just proved my point, Simp.

 

[Marener]

You just proved my point, Simp.

You’re confused.

From the report you didn’t read:
An analysis of the tax cuts by Harvard’s Gabriel Chodorow-Reich, Princeton’s Owen Zidar, and Chicago Booth’s Eric Zwick finds that the TCJA has boosted investment, as well as wages and economic activity—but not nearly enough to make up for substantial losses in corporate tax revenues that have increased the deficit.

Your claim that they did not assume it would increase economic activity is clearly a lie.

 

[Nostra]

You’re confused.

From the report you didn’t read:
An analysis of the tax cuts by Harvard’s Gabriel Chodorow-Reich, Princeton’s Owen Zidar, and Chicago Booth’s Eric Zwick finds that the TCJA has boosted investment, as well as wages and economic activity—but not nearly enough to make up for substantial losses in corporate tax revenues that have increased the deficit.

Your claim that they did not assume it would increase economic activity is clearly a lie.

Since overall revenues went up, it proves they did make up for their imaginary losses.


Keep losing, it’s what you do best.

 

[bendog]

We need the economy to grow more than inflation to pay for entitlements. The Fed said interest rates are "neutral".

neutral is NOT EXPANSIONARY.

if INNOCENT people weren't involved, you folks would deserve this. JFC, reduce the deficits and the FED WILL CUT RATES.

 

[Marener]

Since overall revenues went up, it proves they did make up for their imaginary losses.


Keep losing, it’s what you do best.

I just proved you lied.

It was easy to do.

 

[Nobody911]

Enjoy the uncertainty! lol.

Elon Musk has emphasized that addressing the U.S. deficit is crucial to prevent bankruptcy, stating, "If we don't fix the deficit, America goes bankrupt. It's that simple". However, the effectiveness of President Trump's policies and executive orders in fixing the deficit is debated. Trump's agenda includes significant tax cuts and deregulation, which could increase the deficit despite efforts to reduce government waste through the Department of Government Efficiency (DOGE). Critics argue that Trump's policies might not align with deficit reduction goals, as they could add trillions to the debt. Therefore, while Trump's initiatives aim to streamline government spending, their impact on the deficit remains uncertain.

sources:
1. Elon Musk takes aim at national debt, warns of 'de facto bankruptcy' without DOGE: '$2 trillion in deficits'
2. Trump and Biden: Executive Actions | Committee for a Responsible Federal Budget
3. Fact Sheet: President Donald J. Trump Reduces the Federal Bureaucracy
4. Postal Employee Network
5. https://www.business-standard.com/w...e-deficit-tax-expenditure-125021900424_1.html
6. Fact Sheet: President Donald J. Trump Launches Massive 10-to-1 Deregulation Initiative
7. Despite DOGE, Trump's agenda calls for adding trillions of dollars to U.S. debt
8. CITIZEN FREE PRESS
9. US will go ‘bankrupt’ without DOGE: Musk
10. Elon Musk's 'big warning': America will go bankrupt if… | - The Times of India

 

[Nostra]

I just proved you lied.

It was easy to do.

No, you didn’t. That is a lie, liar.

 

[Marener]

No, you didn’t. That is a lie, liar.

You did lie. Right here.

Your eggheads assume there are no changes to behavior after a major tax cut. Tax cuts lead to increases in economic activity

This is what the “eggheads” actually said.

analysis of the tax cuts by Harvard’s Gabriel Chodorow-Reich, Princeton’s Owen Zidar, and Chicago Booth’s Eric Zwick finds that the TCJA has boosted investment, as well as wages and economic activity

This proves you lied.

 

[Lesh]

While it's being reported that the Republicans are blowing the deficit to new levels. I've not seen Musk suggest we cut any of the billions going to him either.

Nope

If things are that dire… do we really need to go to Mars?

Curious

At what number are we bankrupt… and when will this happen?

 

[pknopp]

Nope

If things are that dire… do we really need to go to Mars?

Nope.

Curious

At what number are we bankrupt… and when will this happen?

As soon as enough countries tire of us and we are well headed in that direction.

 

[cnm]

Another moron who doesn't understand that cutting taxes raises revenue.

Absolutely.

When tax rates are cut to zero then tax revenue increases infinitely.

 

[cnm]

I see. So you wonderful progressives take money away from the working class because they don't know how to save and give it to the third world. What wonderful people progressives are.

Jesus. I bet it took two hay paddocks to construct that straw man.

kudos

 

[cnm]

Most working folks don't mind paying taxes as long as they are getting their money's worth.

But, most are also against paying for Sesame Street programs for Iraq.

Only for paying to bomb it, eh?

 

[cnm]

More jobs equal more taxes.

No, less taxes if the jobs go to hedge fund executives.

 

[kyzr]

neutral is NOT EXPANSIONARY.

if INNOCENT people weren't involved, you folks would deserve this. JFC, reduce the deficits and the FED WILL CUT RATES.

Patience Little Grasshopper.
Musk and Trump are working hard to reduce the deficit currently at $1.8T. The Fed sees inflation heading up again, albeit slightly. Inflation is "sticky" everyone wants a raise to afford to live. JFC, Trump is in office 1-month, Biden had 48 to fuck things up, as Trump so succinctly puts it "everything Biden touched turned to shit".

 

[bendog]

Patience Little Grasshopper.
Musk and Trump are working hard to reduce the deficit currently at $1.8T. The Fed sees inflation heading up again, albeit slightly. Inflation is "sticky" everyone wants a raise to afford to live. JFC, Trump is in office 1-month, Biden had 48 to fuck things up, as Trump so succinctly puts it "everything Biden touched turned to shit".

yah, right, now you're chirping Trump's gonna get to it. roflmao.

Grasshopper, Mankiwitz's econ treatise is cheap in used books.
Give yourself a freshman into to econ.

 

[cnm]

Why are you doubling down on lying? History has proven that tax cuts stimulate the economy and tax increases hurt revenues. People change their behavior as a result of these changes. Are you going to spend money that you no longer have because it is going to taxes?

Take the stimulus checks for example. Most people used that money to make up for shortfalls in their income or they spent it on things they wanted to help them cope with the pandemic. I spent my first check on my dog, He was very expensive, and I could not afford him without that additional money, but I didn't need it for day-to-day expenses fortunately.

So tax cuts to those with a lower marginal propensity to save will stimulate the economy, unlike tax cuts to those with no need to spend it.

 

[kyzr]

yah, right, now you're chirping Trump's gonna get to it. roflmao.
Grasshopper, Mankiwitz's econ treatise is cheap in used books.
Give yourself a freshman into to econ.

Too late for theoretical solutions.
We're in the "OMG there's the fiscal cliff" stage.
Have you seen the graph of the "interest on the Debt"?
We're not supposed to look like we're in the "panic" stage, but we're there.
Its balance the budget or go bankrupt.

 

[bendog]

Those fuckers just approved 4 trillion in new debt and kicked the debt ceiling in the balls, and you fuckers are cheering the orange shit along.

Fuck off, you're econ idiots. and too fucking lazy to read.