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When the top marginal tax rate was cut, revenues into the treasury through that tax almost doubled. The Congress say that increase and went crazy with their spending increases.From the last year Carter was president, 1980, to the last year Reagan was president, 1988, the top tax rate declined from 70% to 28%.
https://www.irs.gov/pub/irs-soi/02inpetr.pdf
The national debt increased from $980 billion in 1980 to $2,602 billion in 1988.
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US National Debt by Year
The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.www.thebalance.com
Anyone with an accurate memory of the Reagan administration knows that it was not a time for bold new initiatives in domestic spending. Indeed, cuts in welfare spending led to increases in homelessness. The only increase of any significance was in military spending. This was unnecessary because the United States was at peace, and already spend more on the military than the Soviet Union, Communist China, and several other countries combined.
So $15.00 an hour is a livable wage everywhere in the US?The voters.
Pew Research Center
APRIL 22, 2021
Most Americans support a $15 federal minimum wage
About six-in-ten U.S. adults (62%) say they favor raising the federal minimum wage to $15 an hour, including 40% who strongly back the idea. About four-in-ten (38%) say they oppose the proposal, according to a Pew Research Center survey conducted April 5-11.
The Biden administration and many congressional Democrats favor increasing the federal minimum wage to $15 an hour from the current rate of $7.25 an hour.
Most Americans support a $15 federal minimum wage
About six-in-ten Americans (62%) say they favor raising the federal minimum wage to $15 an hour, including 40% who strongly back the idea.www.pewresearch.org
No they weren’t.The facts are on my post #71.
Congress always spends more than we have. That’s why we have a mountain of debt. They control spending. Did you ever take civics in school?What did Congress spend much more of, other than the military?
That is not the answer to my question. That question, once again: during the Reagan administration, what did the government spend much more of than for the military?Congress always spends more than we have. That’s why we have a mountain of debt. They control spending. Did you ever take civics in school?
No, just emptied the trash.What did you do for a living? Wash dishes at a Denny's?
I'm sorry.What did you do for a living? Wash dishes at a Denny's?
That’s hilarious. The govt already pays grants for drug test and development .Democrats tout plan to let Medicare negotiate drug prices as boon for seniors, but Scott says it will backfire
"This is going to put Medicare recipients in a worse position because… there'll be life-saving drugs that are not developed," Scott told Fox News Digital. "Medicare, the trust fund goes bankrupt in about four years. So it doesn't do anything to make that better."
Sen. Rick Scott labels Democrats' social spending bill a 'war on seniors,' calls for hearing
Sen. Rick Scott is opening up the latest line of attack for Republicans against Democrats' spending bill being spearheaded by Manchin -- he says that the bill will hurt seniors.www.foxnews.com
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better to let the seniors pay more than prescriptions.
Medicare Part d charges almost 500 before their plans kick in.
He's a typical republican.
But they are reviewed by panel of medical providers not legislators who know nothing about medicineShe is writing about Medicare and Social Security for Seniors at a retiring age and not Medicaid and Social Security Disability Insurance.
Big difference and if I remember correctly People are reviewed periodically on SSDI and Medicaid .
You may remember him as the guy who ran the company convicted of the largest Medicare fraud in the history of America, who then took his money and ran for governor of Florida, where he prevented the state from expanding Medicaid for low-income Floridians for all the years he ran the state.
---------------------------------
making money from Medicare.
Both programs suck. Bad Libtard ideas.
We need to phase out both of them.
Both programs suck. Bad Libtard ideas.
We need to phase out both of them.
Do you have any evidence or is this obnoxious GIF all you got?
Do you have any evidence or is this obnoxious GIF all you got?
If you cared, you’d care to look for yourself. I guess you’d like to see Medicare and SS ended.Do you have any evidence or is this obnoxious GIF all you got?
Republicans have been trying to privatize Medicare and SS for decades. Why is this a surprise for anyone ?Sen. Ron Johnson (R-Wis.) said Wednesday that Social Security and Medicare should be up for congressional approval each year, instead of staying under their current status as federal entitlement programs.
“Social Security and Medicare, if you qualify for the entitlement, you just get it no matter what the cost,” Johnson said in an interview that aired Tuesday on “The Regular Joe Show” podcast.
Ron Johnson suggests Medicare, Social Security be approved on annual basis
Sen. Ron Johnson (R-Wis.) said Wednesday that Social Security and Medicare should be up for congressional approval each year, instead of staying under their current status as federal entitlement pr…thehill.com
GOP's new plan: Raise taxes on working people, end Social Security and Medicare
GOP's new plan: Raise taxes on working people, end Social Security and Medicare
Rick Scott believes he can get elected president on a program of making inequality great again. He may be rightwww.salon.com
Let the republicans in congress, it will be the end of SS and Medicare as we know it. What would these people in WI and Florida do with Medicare and SS.
Take the SS cap off, it should be there anyway. Medicare is going towards private anyway, they will hike the prices up when a certain % age have Medicare Advantage Plan (private)
No they haven’t you effing hack.Republicans have been trying to privatize Medicare and SS for decades. Why is this a surprise for anyone ?
They don’t even support Medicare for all which is prima facia evidence they don’t support Medicare. Universal healthcare is a huge savings for the govt and individuals enrolled.
But no, the GOP needs more monies going from the gov to their donors while cutting their taxes. Moving money from the middle and lower class has always been a goal of the gop. Why should this surprise anyone .?
Hi Bozo…No they haven’t you effing hack.
