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The US will issue over $1.3 trillion in new debt in 2018, the highest amount since recession

Casper said:
Because it is the best way to ensure that cuts are done where needed and not where it is not. We pay the government to do a job now they need to earn it.
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Good point.

So...anything not mandated in the Constitution should be totally cut and anything mandated in the Constitution should be totally funded.

Yes. I like your idea better, but it still seems a pretty simple thing to do, don't you think?
 
Mycroft said:
Let's also ignore the tax cut for working people and for businesses.
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Working people - there was barely any tax cut, not worth even mentioning

Businesses yes - let's forget that one - it's best to cut taxes for businesses and then cut 20% of Medicare benefits and Social Security benefits, right?
 
Mycroft said:
Main Street is doing great.
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Every day there's another story about a smallish business in trouble because of rising costs of materials and parts. They live on Main Street, not Wall Street.
 
Mycroft said:
Congress could easily deal with this...if they wanted to.

Don't hold your breath...
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I am sure you want them to increase taxes, yes? No, I bet you want them to cut everything so that the wealthy don't lose their tax cuts.
 
Slavister said:
Working people - there was barely any tax cut, not worth even mentioning

Businesses yes - let's forget that one - it's best to cut taxes for businesses and then cut 20% of Medicare benefits and Social Security benefits, right?
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LOL!!

You've been listening to Nancy...crumbs.
 
Grand Mal said:
Every day there's another story about a smallish business in trouble because of rising costs of materials and parts. They live on Main Street, not Wall Street.
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shrug...

That's a fact of life.

But the numbers don't lie. Main Street is doing great...greater than it has in 30 years.
 
independentusa said:
I am sure you want them to increase taxes, yes? No, I bet you want them to cut everything so that the wealthy don't lose their tax cuts.
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Perhaps you should read the thread before you spout off about what you are "sure" about.
 
Mycroft said:
Cut spending by 20% across the board and use that money to pay down the debt.

Sure, it won't deal with the problem overnight, bit it'll be a start. Doing nothing starts nothing.
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That would actually cause a recession and drop GDP significantly. Remember that part of the GDP equation is government spending.

What we need to do is make sure government spending is increasing at a lower rate than government revenue. We were moving in that direction and then the Trump disaster came.

We have no need for increased military spending or more nuclear weapons. Rich people are doing just fine. They don't need tax cuts now. The economy was expanding, there was no need for tax cuts.
 
SonOfDaedalus said:
That would actually cause a recession and drop GDP significantly. Remember that part of the GDP equation is government spending.

What we need to do is make sure government spending is increasing at a lower rate than government revenue. We were moving in that direction and then the Trump disaster came.

We have no need for increased military spending or more nuclear weapons. Rich people are doing just fine. They don't need tax cuts now. The economy was expanding, there was no need for tax cuts.
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Regarding government spending as part of GDP...

G (government spending) is the sum of government expenditures on final goods and services. It includes salaries of public servants, purchases of weapons for the military and any investment expenditure by a government. It does not include any transfer payments, such as social security or unemployment benefits.

https://en.wikipedia.org/wiki/Gross_domestic_product#History
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Increased GDP in the private sector can more than make up for loss of GDP in the public sector.
 
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