@no1marauder Trump has run the country like he ran some of his businesses; by recklessly piling up debt that he never intends to pay. That will be left to responsible successors to figure out.
LOL!!! this is classic. Apparently you, too, No1, always think that a fix is just
around the corner. "Responsible" people have been doing this since Ron Reagan. Hello!?!?!?
The problem America faces with the debt bomb is the "responsible" people we
need to use common sense and FIX the problem are the same ones that
needlessly created the problem.
You can't see how morally bankrupt these greedy pigs are?? And that's the OTHER reason.
@no1marauder
Sorry, an article I read just yesterday revealed the 60% Marginot line. Regardless
where *you* set the bar, we have obviously exceeded it.
But as I already opined, that is not the problem that America cannot overcome.
It's the PIGS in Washington. <------- THAT'S the insurmountable problem, [oink oink]
@no1marauder saidI might remind people that Bill Clinton was also the last president to balance the budget as well, which led to that reduction.
There is no such consensus among economists. The US exceeded the 100% ratio as a result of WWII and it was at 31% before Reagan started slashing tax rates and enhancing military spending (the same strategy that GW and Trump have followed). The only sustained decrease occurred in the second term of Bill Clinton's administration when the ratio dropped from 64% to 55%. https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
@earl-of-trumps saidYes, since Reagan the US government has been slashing taxes mostly to benefit the wealthy and engaging in military adventurism which requires a huge buildup of our military forces for little, if any, actual benefit.
@no1marauder Trump has run the country like he ran some of his businesses; by recklessly piling up debt that he never intends to pay. That will be left to responsible successors to figure out.
LOL!!! this is classic. Apparently you, too, No1, always think that a fix is just
around the corner. "Responsible" people have been doing this since Ron Reagan. Hello ...[text shortened]... problem.
You can't see how morally bankrupt these greedy pigs are?? And that's the OTHER reason.
Who opposes and has opposed these policies?
@no1marauder saidYes and the democrats want to spend more than that. Biden has already said
Yes, since Reagan the US government has been slashing taxes mostly to benefit the wealthy and engaging in military adventurism which requires a huge buildup of our military forces for little, if any, actual benefit.
Who opposes and has opposed these policies?
he will rescind Trumps tax cuts. Wonderful. Do you really think that those monies
will got to reducing the debt???? LOLOLOLOLOL Please, No1!1 His spending
package will exceed them all.
And here you are looking at a problem, and deciding that Republicans are to blame!!
So there ya go! You don't give a crap about the problem unless it is perceived
to be a Republican debt problem. That is why America is a LoOZa nation. Plain and simple.
And BTW, even John F. Kennedy agreed that tax cuts help AMERICA.
It's only modern day dems that really espouse that taxes are GOOD for America.
Or did we forget all about America??
@earl-of-trumps saidI already debunked the JFK nonsense on the prior page; his proposed tax cuts left the highest marginal individual rate at 65% and the highest corporate rate at 47%. There is zero evidence that he would have ever supported the massive cuts that have left the highest individual rate at 39.6% and the highest corporate rate at 21%; he was unabashedly and unashamedly "liberal".
Yes and the democrats want to spend more than that. Biden has already said
he will rescind Trumps tax cuts. Wonderful. Do you really think that those monies
will got to reducing the debt???? LOLOLOLOLOL Please, No1!1 His spending
package will exceed them all.
And here you are looking at a problem, and deciding that Republicans are to blame!!
So there ya go! Y ...[text shortened]... ay dems that really espouse that taxes are GOOD for America.
Or did we forget all about America??
Yes, it it Republican policies of tax cuts and military spending which have led to the biggest percentage of the deficit increase. I'm sorry if you don't like that fact, but a fact it is. https://www.budget.senate.gov/imo/media/doc/GOP%20Policies%20Caused%20the%20Deficit%20REPORT%2010-15-18.pdf
Biden won't rescind all the Trump tax cuts as you well know (I don't care that he made some off the cuff comments suggesting he would; his actual proposals don't do so). I imagine that after the COVID crisis and the economic effects of it are mitigated by responsible fiscal policies, the deficit will decrease as it did under Obama after the 2008 Great Recession was tamed. Of course, we'll still spend way too much money on the military and probably won't restore taxes on the wealthy to anywhere near the necessary levels to reach a surplus but it's fair to say any Democratic President wouldn't run up the deficits in "normal" times that Trump did by his profligate spending and tax cuts primarily focused on the wealthy.
EDIT: "Biden has pledged to reverse much of President Trump’s tax cuts for the wealthy and corporations to fund, in part, ambitious climate, education and health-care plans. But he has drawn a firm line if he is elected president — no new taxes for anyone making less than $400,000." https://www.washingtonpost.com/politics/2020/08/31/joe-bidens-claim-that-he-wont-raise-taxes-people-making-less-than-400000/
@no1marauder said“ Biden won't rescind all the Trump tax cuts as you well know (I don't care that he made some off the cuff comments suggesting he would”
I already debunked the JFK nonsense on the prior page; his proposed tax cuts left the highest marginal individual rate at 65% and the highest corporate rate at 47%. There is zero evidence that he would have ever supported the massive cuts that have left the highest individual rate at 39.6% and the highest corporate rate at 21%; he was unabashedly and unashamedly "liberal" ...[text shortened]... st.com/politics/2020/08/31/joe-bidens-claim-that-he-wont-raise-taxes-people-making-less-than-400000/
just unbelievable that you say things like this.
@mott-the-hoople saidYou find almost anything that is true "unbelievable".
“ Biden won't rescind all the Trump tax cuts as you well know (I don't care that he made some off the cuff comments suggesting he would”
just unbelievable that you say things like this.
@Mott-The-Hoople
Just like you can't believe Trump would ever diss our military. Truth HURTS doesn't it? That military story is gaining traction BTW, now even Fox News is showing the truth behind the Atlantic article. And the reaction? Trump demands Fox fire the woman who led that story. Trump is not the person you thought he was.
@no1marauder
I already debunked the JFK nonsense on the prior page; his proposed tax cuts left the highest marginal individual rate at 65% and the highest corporate rate at 47%.[i] It was still a CUT. You debunked nothing
[i] There is zero evidence that he would have ever supported the massive cuts that have left the highest individual rate at 39.6% and the highest corporate rate at 21%; he was unabashedly and unashamedly "liberal". So members of
corporations pay 60.6% and you complain??? Unreal.
Biden won't rescind all the Trump tax cuts as you well know (I don't care that he made some off the cuff comments suggesting he would; his actual proposals don't do so). I imagine that after the COVID crisis and the economic effects of it are mitigated by responsible fiscal policies, the deficit will decrease as it did under Obama after the 2008 Great Recession was tamed. Of course, we'll still spend way too much money on the military and probably won't restore taxes on the wealthy to anywhere near the necessary levels to reach a surplus but it's fair to say any Democratic President wouldn't run up the deficits in "normal" times that Trump did by his profligate spending and tax cuts primarily focused on the wealthy.
EDIT: "Biden has pledged to reverse much of President Trump’s tax cuts for the wealthy and corporations to fund, in part, ambitious climate, education and health-care plans. But he has drawn a firm line if he is elected president — no new taxes for anyone making less than $400,000." https://www.washingtonpost.com/politics/2020/08/31/joe-bidens-claim-that-he-wont-raise-taxes-people-making-less-than-400000/
Promises promises. If Joe gets in, prepare to get porked. Prepare for America to go stagnant.
@earl-of-trumps saidStill back on the "double taxation" fairy tale, I see.
@no1marauder
[i]I already debunked the JFK nonsense on the prior page; his proposed tax cuts left the highest marginal individual rate at 65% and the highest corporate rate at 47%.[i] It was still a CUT. You debunked nothing
[i] There is zero evidence that he would have ever supported the massive cuts that have left the highest individual rate at 39.6% and ...[text shortened]... Promises promises. If Joe gets in, prepare to get porked. Prepare for America to go stagnant.
Actually, I made an error; the Trump tax giveaway cut the highest marginal rate to 37%. https://taxfoundation.org/2020-tax-brackets/#:~:text=In%202020%2C%20the%20income%20limits,for%20married%20couples%20filing%20jointly.
That applies only to income above $518,400 for singles and heads of household and $622,050 for married couples.
Now that is income after deductions and exemptions. "The threshold for a US household to be in the top 1% in 2019 was $475,116.00."(https://dqydj.com/average-median-top-household-income-percentiles/), so your income would have to be well into the top 1% before it gets taxed at 37%.
@no1marauder saidI have observed all these posts, a lot of stuff, but it seems a waste of time, really, to do all this, with a commendable amount of research, amazing, and, commendable. A waste of time, though, because truly, it all boils down to The TrumpSyndrome, that in the end,, all you are all saying is that you hate Trump and do not want him to be president anymore. If your research proved that he has made mostly good decisions, that would be given no weight. it woluld be better if you all just agree that you all hate Trump, for real reasons, fake reasons, right reasons, wrong reasons, and just get out off the house. You would make better use of your time.
Still back on the "double taxation" fairy tale, I see.
Actually, I made an error; the Trump tax giveaway cut the highest marginal rate to 37%. https://taxfoundation.org/2020-tax-brackets/#:~:text=In%202020%2C%20the%20income%20limits,for%20married%20couples%20filing%20jointly.
That applies only to income above $518,400 for singles and heads of household and $622,05 ...[text shortened]... ome-percentiles/), so your income would have to be well into the top 1% before it gets taxed at 37%.
@earl-of-trumps said"They' don't care. You know, it is almost like writing about aliens. I think there was a movie titled 'THEM' years ago.
@no1marauder
[i]I already debunked the JFK nonsense on the prior page; his proposed tax cuts left the highest marginal individual rate at 65% and the highest corporate rate at 47%.[i] It was still a CUT. You debunked nothing
[i] There is zero evidence that he would have ever supported the massive cuts that have left the highest individual rate at 39.6% and ...[text shortened]... Promises promises. If Joe gets in, prepare to get porked. Prepare for America to go stagnant.
THEY are here. Creepy and Brrrr at the same time.
@sonhouse saidwho was it that said Trump said this again? I forgot who they said it was.
@Mott-The-Hoople
Just like you can't believe Trump would ever diss our military. Truth HURTS doesn't it? That military story is gaining traction BTW, now even Fox News is showing the truth behind the Atlantic article. And the reaction? Trump demands Fox fire the woman who led that story. Trump is not the person you thought he was.
@averagejoe1 saidThem was actually a great sci-fi movie from the 50s about giant mutant ants created by nuclear testing.https://m.imdb.com/title/tt0047573/
"They' don't care. You know, it is almost like writing about aliens. I think there was a movie titled 'THEM' years ago.
THEY are here. Creepy and Brrrr at the same time.