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the reason for deficits

Kushinator said:
Why do you continue to project? Nobody claimed anything of the sort.



Again... nobody is accusing Republican's of increasing spending. They are accusing them of presiding over deficit increases even after they campaigned against such policy. I accuse Republicans for being hypocrites. You want to make excuses for hypocrisy.



The growth was not enough to lower the deficit, hence tax cuts don't pay for themselves.



How much economic activity is caused by the tax cuts? :lol:



State and local revenue was @ an all time high last year... without tax cuts. The same with the year before that. In fact, we can go all the way back to 2010 and this will be the case.



You cut spending first. Then you lower taxes.
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You will not do that (bolded above) if you want to be re-elected. I agree that would be the reasonable (responsible?) thing to do but the political reality is that you can't cut federal spending by nearly $1T/year and hope to be re-elected.
 
Kushinator said:
Why do you continue to project? Nobody claimed anything of the sort.



Again... nobody is accusing Republican's of increasing spending. They are accusing them of presiding over deficit increases even after they campaigned against such policy. I accuse Republicans for being hypocrites. You want to make excuses for hypocrisy.



The growth was not enough to lower the deficit, hence tax cuts don't pay for themselves.



How much economic activity is caused by the tax cuts? :lol:



State and local revenue was @ an all time high last year... without tax cuts. The same with the year before that. In fact, we can go all the way back to 2010 and this will be the case.



You cut spending first. Then you lower taxes.
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As is typical of people like you, you don't pay off the 21 trillion dollar debt with tax hikes, you do it with economic growth generating increased tax revenue, focusing on lowering actual federal spending which Trump did on the only thing he truly controlled, the executive branch budget and although that is a drop in the bucket his proposed 2019 budget wasn't.

Yes, you do cut spending and that is what Trump proposed, where are the Pelosi cuts in spending, national security by eliminating Homeland Security and ICE? Democrats are so predictable, their class envy and jealousy on full display as well as their disdain for the Constitution and basically sole responsibility of the federal gov't, provide for the common defense.

Seems to me that regardless of the data posted you aren't going to accept that the economic numbers were generated by the tax cuts because in that liberal mind of yours people will always spend more when they have to pay higher taxes thus having less take home pay. It is also typical of the left to look at the severity of a recession based upon the actual results shown and not the economic policies that generated those poor results.

You want to hold Trump accountable for the deficit, then give him the budget he asked for, focus on where the actual deficits are coming from and then implement entitlement reform
 
Conservative said:
As is typical of people like you, you don't pay off the 21 trillion dollar debt with tax hikes, you do it with economic growth generating increased tax revenue
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The debt will never be paid off... and this type of confusion is typical of people like you.

a drop in the bucket his proposed 2019 budget wasn't.
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Only if you take those ridiculous revenue assumptions with a grain of salt. I will put forth the White House revenue/spending/deficit projections up front come this October. Only then can we begin to examine why the President's budget was so full of ****.

Yes, you do cut spending and that is what Trump propose
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When?

Seems to me that regardless of the data posted you aren't going to accept that the economic numbers were generated by the tax cuts because
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Because they were not entirely generated from tax cuts. The labor market has been growing well in excess of 2 million + for the past 8 years. If GDP growth went to 4% or if we witnessed month-over-month gains of 500k for a year... then yes, you might have a point. The only thing on the fiscal policy front that boosted GDP growth was deficit growth. It's why both Trump and Republicans refused to address anything spending related with their time in power. They are not ****ing stupid... their base is retarded, but that's what they bank on.

It is also typical of the left to look at the severity of a recession based upon the actual results shown and not the economic policies that generated those poor results.
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What in the actual **** are you responding to?

You want to hold Trump accountable for the deficit, then give him the budget he asked for, focus on where the actual deficits are coming from and then implement entitlement reform
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Another nonsense projection. The Republican controlled government failed to tackle deficit reduction when they had the chance. The American people got the message... why can't you? :lamo
 
ttwtt78640 said:
You will not do that (bolded above) if you want to be re-elected. I agree that would be the reasonable (responsible?) thing to do but the political reality is that you can't cut federal spending by nearly $1T/year and hope to be re-elected.
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Futhermore, you can't government spending of that magnitude without a serious economic correction. It's the type of recession that makes 2008-2009 look like the norm. Who reelects a congressional critter whom, on the record, ushered in another Great Recession via policy?
 
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Kushinator said:
The debt will never be paid off... and this type of confusion is typical of people like you.



Only if you take those ridiculous revenue assumptions with a grain of salt. I will put forth the White House revenue/spending/deficit projections up front come this October. Only then can we begin to examine why the President's budget was so full of ****.



When?



Because they were not entirely generated from tax cuts. The labor market has been growing well in excess of 2 million + for the past 8 years. If GDP growth went to 4% or if we witnessed month-over-month gains of 500k for a year... then yes, you might have a point. The only thing on the fiscal policy front that boosted GDP growth was deficit growth. It's why both Trump and Republicans refused to address anything spending related with their time in power. They are not ****ing stupid... their base is retarded, but that's what they bank on.



What in the actual **** are you responding to?



Another nonsense projection. The Republican controlled government failed to tackle deficit reduction when they had the chance. The American people got the message... why can't you? :lamo
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Thank you for your opinion again which has absolutely nothing factual in it, let me know what constituted the 2018 deficit and how much of that had to do with Trump spending without a budget?
 
Kushinator said:
Futhermore, you can't government spending of that magnitude without a serious economic correction. It's the type of recession that makes 2008-2009 look like the norm. Who reelects a congressional critter whom, on the record, ushered in another Great Recession via policy?
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Here is what you and the rest of the Keynesian economic experts want to ignore and what is the major cause of the 2018 deficits as debt service continues to rise due to interest rate increases making interest expense now among the top 4 budget line items behind defense, SS, Medicare

Higher Interest Rates and the National Debt

With state and local revenue setting records isn't it time to cut federal spending on social programs allowing the states to take on that social responsibilities and I am not talking returning SS and Medicare to the states although reform has to take place

Raising taxes will have a negative affect on federal, state, and local economic activity thus revenue problems as consumer spending drives our economy being the largest component of GDP
 
It is so much more than just taxes and spending!!!!
Taxes is only a subset of the laws enacted by government!!!!
When a politician raises your taxes and then signs a free trade agreement with a third world country, do you think he is helping you?
When a politician lowers your taxes and gives you the ability to save for your own retirement, do you think he is helping you? Corporations no longer support defined retirement plans.
When a politician raises your taxes and then opens a federal exchange for healthcare, do you think that will help you? Corporations will gradually stop supporting health care insurance.

Add war on poverty, war on drugs, war on terror, war on etc, etc to our list of wars we embark on and actually fail to solve, then deficits grow and voters get more disillusioned.

I have lived a long life and I will tell you without question that corporations are absolutely winning the war on controlling government and controlling you.

Did you know that by controlling you, corporations are indirectly controlling government. Do you really require an F150, the TOUGHEST TRUCK in the world to drive your lazy ass to the office? Do you really need a Suburban to drive your kids back and forth to school?

WE, YES WE are a consumer based society. THE MORE WE CONSUME, THE MORE OUR ECONOMY GROWS.

That mentality does not measure quality of life. We never measure quality of life. When we as a society start measuring QOL and voting for QOL and purchasing based on QOL, then, and only then will we start improving our QOL.
 
The reason for deficits is spending beyond the available means. And it is done intentionally.
 
Conservative said:
Thank you for your opinion again which has absolutely nothing factual in it
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In other words... Nuh uh is the best you've got!

let me know what constituted the 2018 deficit and how much of that had to do with Trump spending without a budget?
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That's your job. Stop being so damn lazy and one dimensional... debating you is becoming a layup.
 
Kushinator said:
In other words... Nuh uh is the best you've got!



That's your job. Stop being so damn lazy and one dimensional... debating you is becoming a layup.
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So your answer is you have no idea but because Trump is in the WH it is his spending that caused the deficit to increase 17% and he did this without an approved budget?
 
Conservative said:
So your answer is you have no idea but because Trump is in the WH it is his spending that caused the deficit to increase 17% and he did this without an approved budget?
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I'm not here to defend your argument. You post the data for your argument support. That's not my responsibility.
 
Kushinator said:
I'm not here to defend your argument. You post the data for your argument support. That's not my responsibility.
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You made the claim that Trump spending caused the increase in deficit and cannot prove it

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manofknowledge said:
I'm not sure what you mean by maximized. There are many variables that affect revenue and tax rate is just one of them. The budget should be balanced and the debt paid down. Obama and many economists recommend a balanced approach. A combination of spending control and taxation. Currently corporate taxes only provide about 9% of total revenue. That seems a bit low to me. The disproportionate accumulation of wealth in the top 20% of the population seems to indicate room for increases there. Certainly there is room for spending cuts but it should not hamstring critical functions of government. Many folks don't realize that government makes the economy work. The economy is not self regulating. That has been proven time and again. Lais·sez-faire regulation of economic activity reduces competition while discouraging entrepreneurship and innovation. Unbridled capitalism is the law of the jungle.

Regarding investment, I don't think any of the types of investment you listed are independent of one another. Government investments in infrastructure enhance private investment. Private investment has to be regulated to be beneficial to a community. Toxic waste dumps are not beneficial to a community. Social spending increases consumerism and benefits private investment. As far as the multiplier effect, I suspect infrastructure investment yields the greatest return. It is the foundation of all economic activity and quality of life. The US can afford and should be making investments in big infrastructure projects, but they must be well planned and with an eye to the future. Adding another lane to an overcrowded freeway is expensive and will never make it less crowded. On the other hand better community planning reducinig urban sprawl and creating more green space would reduce traffic, lower the cost of living and attract private investment. Disaster mitigation is important as well. It makes no sense to repeatedly rebuild communities in a way the only results in their destruction once again. A better electrical grid with alternate energy sources would boost everyone. A pervasive broadband digital network nationwide would spread the wealth reducing the need to commute and allowing rural communities a new source of income. It's a conversation, we as a nation are not having. We are losing our competitive edge in the Global economy.
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I think R&D and education are the two most important investments government can make for return on investment to society. I would have to say that this country per capita pays twice as much on education and does not get the results other industrialized countries attain. Efficiency of government should always be measured compared with other countries, states and localities!
 
jaeger19 said:
Sheesh.. another one of these "revenues don't matter to deficits.. only spending".. Bullcrap threads.
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Sheesh... are you another one who wants their taxes to go up 40% and not even ask if the government can become efficient enough to keep spending constant. If the taxes went up by 40% to get spending and revenue matched, how long do you think it would take for government to start thinking of new programs to spend money on and start deficits anew?
 
Double
 
Conservative said:
You made the claim that Trump spending caused the increase in deficit and cannot prove it
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Nonsense. I always support my statements. You cannot produce a quote where I claim anything of the sort.

You are lost in your own partisan hypocrisy, choosing to address statements you attribute to those who respond. Try reading what they write all the way through before hitting reply next time.
 
Kushinator said:
Nonsense. I always support my statements. You cannot produce a quote where I claim anything of the sort.

You are lost in your own partisan hypocrisy, choosing to address statements you attribute to those who respond. Try reading what they write all the way through before hitting reply next time.
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He is to busy being a Trump bot to respond with substance or to the appropriate poster.
 
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