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Thread: Republicans once railed against deficits. President Trump's tax plan piles on more than $2 trillion

  1. #101
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    Re: Republicans once railed against deficits. President Trump's tax plan piles on more than $2 trill

    Quote Originally Posted by Rogue Valley View Post
    Full Title: Republicans once railed against deficits. Now President Trump's tax plan piles on more than $2 trillion in red ink




    5-6% economic growth per year would be so astounding that virtually all economists discount it entirely. So the question remains ... How can we afford the Trump tax cuts?

    On Capitol Hill, GOP Representatives and Senators shrug their shoulders and ignore the $2 trillion dollar question. They need a legislative-political win today ... regardless of the cost to future generations.
    Trump has taken his cues from the democrats it seems. I don't believe the 2 trillion number but I do believe additional debt. Government needs to learn to live within it means.

  2. #102
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    Re: Republicans once railed against deficits. President Trump's tax plan piles on more than $2 trill

    Quote Originally Posted by JasperL View Post
    Revenues minus spending = surplus (deficit). There are TWO variables on that left hand side.



    I looked at the study - some of it sounds OK. And I'd support plans to save money. But the problem is the overwhelmingly GOP led legislature cut taxes, first, relied on a flood of supply side trickle down tax revenue that didn't materialize, trashed their savings accounts and reserves, and after all that commissions a study on how to save money. It's terrible management. My point all along is low taxes means small government. If Kansas wants small government, fine, get that first then the tax cuts follow like night follows day. Same with the Feds. I'm fine with low Federal taxes. Let the GOP figure out how to cut $800 billion or whatever from annual spending, THEN provide the juicy tax cuts to their puppeteers.
    Which in fact is what I suggested in the beginning that you eventually responded to.

    Quote Originally Posted by jonny5
    The proven way to balance the budget is to do nothing.
    Leave taxes alone, freeze spending. Wait for economy to catch up. Better yet, real tax reform, AND spending cuts.

  3. #103
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    Re: Republicans once railed against deficits. President Trump's tax plan piles on more than $2 trill

    Quote Originally Posted by jonny5 View Post
    Which in fact is what I suggested in the beginning that you eventually responded to.



    Leave taxes alone, freeze spending. Wait for economy to catch up. Better yet, real tax reform, AND spending cuts.
    What specifically do you want to cut? The vast part of government spending is Social Security, Medicare, Medicaid, defense and interest on the debt. Cutting the first four has a negative impact on gdp, which undercuts any “catching up.”
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

  4. #104
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    Re: Republicans once railed against deficits. President Trump's tax plan piles on more than $2 trill

    Quote Originally Posted by MTAtech View Post
    What specifically do you want to cut? The vast part of government spending is Social Security, Medicare, Medicaid, defense and interest on the debt. Cutting the first four has a negative impact on gdp, which undercuts any “catching up.”
    I disagree, but all of it. Im open to cutting anything. You tell me what you will accept, or do you think there isnt a single dollar we can cut?

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