The National Debt Near The End of Q3

[progressive hunter]

And there it is. The cry of the welfare queen I spoke of in post 55.

It isn't your money. It is money taken from other taxpayers who have to pay higher taxes to offset your deductions.

It is theft.

theres where your whole idea falls apart,,

you think money I earn belongs to other people,,

 

[progressive hunter]

If you don't believe me, just ask Deven Nunes, one of the most hardcore supporters of Donald Trump in Congress:


No tax reform without border adjustment tax, Rep. Nunes says

"If people wanted to drop the corporate rate from 35 to say 33, 32, maybe 30, we could probably do it. But if you go back to several years that we looked at doing just that, the goal was to get to 25 percent, and by the time every lobbyist, every special interest group in town, representing every major corporation in this country, the tax rate was automatically all the way back above 30 by the time you put everybody's special loophole in."


I know for a fact I have shown you this more than once already, but you insist on remaining blind to the truth that tax expenditures are offset by higher tax rates.

fuck deven nunes,,

 

[g5000]

theres where your whole idea falls apart,,

you think money I earn belongs to other people,,

You think money other people earn belongs to you.

You are a welfare queen.

Your dependency on government gifts and innumeracy are blinding you to the fact you are stealing from other taxpayers.

I've shown you the proof all different ways, and you refuse to see. I cannot do any more.

 

[progressive hunter]

You think money other people earn belongs to you.

You are a welfare queen.

Your dependency on government gifts and innumeracy is blinding you to the fact you are stealing from other taxpayers.

you lying about whats happening isnt going to help you,,

 

[HikerGuy83]

Now is not the time to address a debt.

???????????????????????

 

[HikerGuy83]

We need to get rid of all tax credits, with the exception of the EITC which is the only credit proven to increase productivity.

The child tax credit is a perfect example of government social engineering.

You are punished with higher taxes if you don't breed.

You are punished with higher taxes if you don't have a mortgage.

You are punished with higher taxes if you don't buy the right refrigerator.

You are punished with higher taxes if you don't buy solar panels.

Socialism. Plain and simple.

All of those credits are offset with higher tax rates and borrowing from China.

I am fine with you getting rid of all of that if you also get rid of all entitlement spending.

No more welfare.

No more chips.

No more Obamacare subsidies

No more student loans (that won't be repaid)

No more disability

No more freebees for anyone.

Nobody can say that just because you are taking deductions.....you are on welfare.

That is simply stupid.

 

[Independent thinker]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

Yeah, I have to admit, both sides are talking about a lot of stupid shit and buying votes any way they can and neither candidate is even mentioning the debt or saving Social Security and Medicare.

 

[IDIOCRACY]

Of course it will work. You just don't want to lose your government gifts.

WTF Gee5000, you couldn't even explain your first sentence.

 

[task0778]

Too many people don't much care about debt and deficits. They've been told the US Gov't can just print or create new money as much as needed and so there's no problem. They don't realize that creating new money is inflationary despite the recent problems that higher prices brings. And the sad thing is that both parties do not appear interested in fiscal responsibility, although I will say that the democrats always want to spend more money that the GOP does.

How long will it be until the debt grows so large that the consequences become too great to ignore? Nobody knows, we're kind of on uncharted ground here. Some say we can go back to the end of WWII when the highest tax rates were above 90%, but that was then and this is now. Raising taxes and creating bunches of new money IMHO is the fastest way to economic disaster: a depression plus high inflation. I'd like to think that won't happen, but I see no reason to doubt it. Where's the impetus to change the direction we're going in? The longer we wait the harder it'll be to climb out of the hole we're in, and we're still digging.

 

[HikerGuy83]

Too many people don't much care about debt and deficits.

I would agree. We are spending our children's and grandchildren's money.

And, you can see how little response there is to this thread.

But we still argue about whether or not the election of 2020 was stolen.

Doesn't matter.

Biden/Harris is on their way to 2.8 Trillion this year alone. It was projected at a little under 2 Trillion (and that's a win ????).

 

[HikerGuy83]

Only a complete moron would think our tax code would not work without deductions, credits, and exemption.

While I don't agree with your assessment, I do agree that it will work without those deductions, credits, and exemptions.

It will be painful as they go away, but either they go away or we start taxing people more.

Kicking this one to our kids is COWARDLY.

 

[JWBooth]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

Chuckling in collapsatarian.

 

[HikerGuy83]

Tax expenditures are theft. For every dollar one person deducts, that dollar has to be offset by someone else paying more. or the government has to borrow that dollar.

Or they don't spend the f**king dollar.

 

[HikerGuy83]

Now, we are arguing about whether or not Harris owns a gun.

We know she CAN'T.

She would have blown her foot off by now.

But that is more important than the huge massive tsunami of a debt we are accumulating.

 

[Captain Caveman]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

Will have to wait and see. If Musk is put in charge of Government Efficiency, you will see a much slimmed down government and trillions fall off the debt. I wonder if the environment whacko department just gets closed down. That'll save a dollar or two.

 

[g5000]

Will have to wait and see. If Musk is put in charge of Government Efficiency, you will see a much slimmed down government and trillions fall off the debt.

No. You won't.

That's a hoax. Just like Trump's Obamacare replacement "on Day One" of his first term.

 

[Stryder50]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

We'll be past $36Trillion before that. Per this we are almost there now;

https://www.usdebtclock.org/

 

[Captain Caveman]

No. You won't.

That's a hoax. Just like Trump's Obamacare replacement "on Day One" of his first term.

This is the timeline of the story -

Here’s What Elon Musk May Do In A Trump Administration

“A star is born—Elon!,” Trump said about the $285 billion man Musk during his victory speech.

www.forbes.com

 

[g5000]

This is the timeline of the story -

Here’s What Elon Musk May Do In A Trump Administration

“A star is born—Elon!,” Trump said about the $285 billion man Musk during his victory speech.

www.forbes.com

It's still a hoax.

 

[Captain Caveman]

No. You won't.

That's a hoax. Just like Trump's Obamacare replacement "on Day One" of his first term.

How is your hoax doing?

You got that wrong, didn't you!!