JR-57 Loc: South Carolina

I’d say your ciphering’ & goes into needs a little help.

First off debt and deficit are two different things.

Let’s agree Trump increased the debt $4T as you say.

Biden’s budget supposedly decreases the deficit $3T over 10 years.

How did Biden cut the deficit in half in 2 years?

Explain the difference between debt and deficit.

https://www.self.inc/info/us-debt-by-president/

son of witless

Cancel all of the wokish waste programs like Green everything. Close the Education Department. Cut the pay of Congress and all of the bureaucrats.

JR-57 Loc: South Carolina

Don’t think I didn’t appreciate those tax breaks. You would too if you had anything to tax.

son of witless

Do they tax welfare, food stamps, or lipstick ?

archie bunker Loc: Texas

How bout we quit funding college studies on why fat gals don't get as many dates as skinny one's, and oyster orgasms?

David L Loc: Central Wisconsin

What programs to cut? How much time do you have? We could on for days, but let's start by totally eliminating the Dept. of Education. It has done FAR more harm than good and right now is led by a guy who cannot even define the word "Woman."

dtucker300 Loc: Vista, CA

Quit lying with statistics Permafrost.

The House of Representatives v**ed to raise the debt limit despite every single Democrat v****g against it. Joe Biden is playing chicken with the national debt because he isn’t getting everything he wants, and hasn’t spoken to House Speaker Kevin McCarthy since February. Biden wants a $7 trillion budget and Republicans have countered with a budget that reduces his spending by $4.8 trillion and extends the debt ceiling. The immorality of what Democrats are doing to this generation and future generations is appalling. We have more taxes flowing into the federal government now than at any time in our history, the next closest time being World War II, and taxes are now 19.6% of the economy.

Taxing the Rich Isn't Enough to Pay for Democrats' Welfare State. They'll Need To Soak the Middle-Class Too.
There simply aren't enough rich people to finance all the new spending.
https://reason.com/2021/09/16/taxing-the-rich-isnt-enough-to-pay-for-democrats-welfare-state-theyll-need-to-soak-the-middle-class-too/

VERONIQUE DE RUGY | 9.16.2021 1:04 PM

Democrats are ready to raise taxes. They want more revenue, in part to fund an out-of-this-world amount of new spending. Some simply want to soak the rich, as Rep. Alexandria Ocasio-Cortez (D–N.Y.) plainly signaled at the Met Gala by wearing a white dress with "TAX THE RICH" scrawled across it in red paint. While the public may be more receptive to the idea because of concerns over high budget deficits, let's not be naive—many v**ers believe that these tax hikes won't hit them. There's so much wrong about this assumption.

Writing for The Dispatch, the Manhattan Institute's Brian Riedl documents President Joe Biden's spending plan, which would expand federal government spending by $11 trillion over the next decade. This spending would help fund a cradle-to-grave new world in which government is omnipresent in our lives. The spending would increase family assistance by $550 billion. Another $700 billion would be wasted on counterproductive "Buy America" provisions. Expansion of the Affordable Care Act would cost another $1.4 trillion; some $2 trillion would go to a Green New Deal; K-12 schools would get more money. All of this is on top of the $6.6 trillion spent on C****-** relief.

Biden would partially pay for this $11 trillion with $3.6 trillion from higher taxes. As Riedl explains, "it would represent the largest permanent tax increase since World War II." Even if the president got the revenue he hopes to collect with these tax hikes—which won't happen once people start moving their capital around to avoid the oppressive tax burden—it would only cover a third of the new spending. Meanwhile, the House Democrats have their own $2.2 trillion tax plan, which covers even less of the new spending.

Many Americans may not care if they believe the spending could benefit them and other people will shoulder the tax bill, but that's wishful thinking. They may not be the ones cutting a bigger check to the IRS, but many of them will shoulder some of the economic burden of the tax hikes through lower wages and higher prices.

Also, while many taxpayers may end up with more money in their pockets for a while, that won't last. There simply aren't enough rich people to pay for all the new spending. Collectively, the rich don't even have enough wealth to pay for the kind of cradle-to-grave government that Democrats dream of. It's only a matter of time before the politicians selling the dream of cost-free big government realize they need to raise taxes on ordinary Americans.

Just look at my native country of France for how it will be done. Pre-C****-**, France's revenue per GDP was 45.4 percent. It wasn't simply raised on the backs of the rich. In fact, France raises most of its revenue through the Value Added Tax, social insurance, property tax, and payroll. Those taxes are regressive as they consume a larger share of low- and middle-income earners' income and have fewer effects on high-income earners. Add to these some 214 taxes and duties, along with an extremely high gasoline tax, and you end up with an oppressively burdensome tax system for everyone, even the poor.

By contrast, and contrary to Ocasio-Cortez's belief, the U.S. federal income tax is unusually progressive because it raises most of its revenue from the income tax, which some 61 percent of households don't pay. In other words, the bulk of federal taxes is already paid by higher income taxpayers, leaving other income groups particularly vulnerable to future higher taxes.

Don't think I'm saying that if the Democrats get it wrong, the Republicans must get it right. They don't. GOPers say they prefer lower taxes, but they do nothing to restrain spending. I saw evidence of this during the presidencies of Donald Trump and George W. Bush. My colleague Matt Mitchell, along with our former colleague Andrea O'Sullivan, wrote a great paper documenting what's wrong with this approach. They explain, "Cutting taxes allows policymakers to give v**ers something they want, while appearing to rein in the size of government. But this is a temporary illusion unless the tax cuts are combined with necessary reductions in spending—a far more difficult but also the more important task."

With few exceptions, nobody seems ready to tell the American people how far taxes will have to rise to satisfy Washington's gluttony for spending. Unfortunately, that's a lesson they will learn the hard way, and perhaps sooner than later.

dwp66

He oversaw the passage of a tax bill that reduced taxes on Corporations by 40%, yet gave a pittance to the rest of us. He said the bill would pay for itself, but it has not even started to do that. In fact, it's estimated that Trump added about 3.9 Trillion Dollars to the deficit by 2026. And yes, they did it with Congress on a total party-line v**e in both Houses. Not a single Dem v**ed for it.

This was a widely shared meme a couple of years ago: "Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion." If you fact check that with U.SD Government figures you will see that they are basically accurate. Here's another one you can check out: The US has had 17 recessions over the past 100 years. Thirteen began under Republican presidents.

https://www.marketwatch.com/story/trump-added-about-3-9-trillion-to-deficits-so-far-budget-group-says-11599669921

Parky60 Loc: People's Republic of Illinois

The right has no programs other than tax breaks for morbidly rich people... click!
The right has no programs other than tax breaks for morbidly rich people... click!
The right has no programs other than tax breaks for morbidly rich people... click!
The right has no programs other than tax breaks for morbidly rich people... click!
The right has no programs other than tax breaks for morbidly rich people... click!

dtucker300 Loc: Vista, CA

You must have spent a lot of time in elementary school writing on the blackboard, "I will not talk during class and will listen to the teacher" for what little good it did you.

JR-57 Loc: South Carolina

Try this on for size.

https://www.self.inc/info/us-debt-by-president/

Kaysey

I totally agree! This is common sense.There are plenty of really insane projects in Biden's budget that can and should be cut. Senator Rand Paul's speech before the legislature made some really powerful points about this and what the Constitution says or doesn't say about the power of Congress to give away the people's money. Like him or not, everyone should listen to his speech!

elledee

Blaming republicans for what demonrats have caused...... as always your consistent

JR-57 Loc: South Carolina

I think every member in Congress should be removed, at the same time. If I were to pick one to stay it would be Rand Paul.

pescado rojo

You don't understand this subject very well, do you? We are still paying for the overspending of your boy Obama, who singlehandedly incurred more debt than all of his predecessors combined and outspent Trump. Our debt more than doubled under Obama. Debt is what you owe. Deficit is what you spend that you don't have. Your Liberal solution is to lower the deficit by going deeper into debt. Real rocket science there, slick.