What are unfunded liabilities and how do they threaten the future of American fiscal stability?

MTAtech said:

Of heavens. The immorality of voting for candidates that promise to improve the lives of their constituents.

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Because democrats have been promising poor voters the moon for too many decades, we are now facing bankruptcy as a nation with over 22 Trillion dollars of debt.

If you want to summarize the differences between the two parties, it's easy. The Republicans have a constituency of the wealthy and corporations.

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That is a dummass communist democrat false claim which means nothing. Are democrats telling poor people that rich people and corporations are evil? How is that helping people be satisfied with their lot in life and helping them support the businesses and financiers responsible for creating and sustaining jobs?

Republican donors demand tax-cuts, regardless of the economic consequences.

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Tax cuts tend to spur economic activity, in spite of stupendously lying claims that if rich people would just pay their fair share of taxes the US government would not even be in debt. Those lies may help democrats win massive numbers of votes from the poor and ignorant but they do nothing to better the economy and the conditions under which the poor and ignorant are living.

Democrats are and always have been, the party that represents the workers in this country. Programs that they gave us were Social Security, Medicare, Obamacare and nutritional programs for children. These are all successful and popular programs that Republicans never wanted and try to destroy every opportunity that they are in power.

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Democrats lie when they claim republicans do not want to help all Americans. Democrats seek to hurt those driving the economy and businesses in America by demonizing them in order to get massive numbers of votes from the poor and ignorant for their communist candidates. Democrats are not improving the co0nditions of the poor, they are making them worse.

MTAtech said:

While you make wild assertions, there is no correlation between tax-cuts and economic growth. Under JFK, top rates were cut from 91% to 70%. Reagan cut taxes and it wasn't until the Fed lowered interest rates that the economy rebounded. Clinton RAISED taxes, not cut them, and we had sharp economic growth. There has been no increase in the growth rate under Trump. Claiming this is merely a falsehood.

As the Tax Policy Center concludes, " Research shows little correlation between how countries change their top income tax rate and how much their economies grow."

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Let's try this as a way to break up the false democrat narrative. When taxes are lowered the economy gains in several ways, but let's just focus on unemployment to begin deconstructing the false narrative. When taxes are cut unemployment numbers go down.

How Low Tax Rates Reduce Unemployment | Taxclimate.com

Dans La Lune said:

"However, it's not quite that simple. Those rates above are the statutory rates — the rates set by law. And that is not the rate that many companies in the U.S. end up paying. Deductions and credits help push down businesses' total tax liability, meaning that many companies end up paying far less than the statutory rate. Here is the average effective tax rate for U.S. corporations."

FACT CHECK: Does The U.S. Have The Highest Corporate Tax Rate In The World? : NPR

I admit it's a little outdated.



It's actually both. Yes, taxes will have to be raised on the middle class proportionate to the benefits they receive, thus paying for it. In the end, benefits drastically improve, there is an enormous cost savings, and businesses can focus on actually increasing wages for middle-income and lower-income earners.

But what did Paul Ryan want to do after giving away a trillion in tax cuts to the rich? Cut spending on entitlement programs to compensate for the massive hole in the deficit.

Paul Ryan: Congress to focus on spending cuts next year, after tax cuts - Washington Times

Programs which were already trailing comparative nations.

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the GAO has said that in 2017 42% of all large Corps. making over 1 million dollars in US profits ( some making Billions in US profits ) did NOT pay one cent in FIT.
and after the Trump Tax cut they figure it is going to go up to 65% of all large Corps.
with all the things large Corps. can deduct on their FIT I am surprised it isn't higher.
and then the carryovers they get besides
Anybody know why seeing Corps are now considered entities ( same as a person ) they get to carry over losses and Government tax credits and people can't
have a nice day

marke said:

The US has $210 Trillion Worth of Unfunded Liabilities...

An old statute requires the Treasury to issue an annual financial statement, similar to a corporation's annual report. The FY 2016 edition is 274 enlightening pages that the government hopes none of us will read.

Among the many tidbits, it contains a table on page 63 that reveals the net present value of the US government's 75-year future liability for Social Security and Medicare.

That amount exceeds the net present value of the tax revenue designed to pay those benefits by $46.7 trillion. Yes, trillions.

Where will this $46.7 trillion come from? We don't know.

Your Pension Is a Lie: There's $210 Trillion Of Liabilities Our Government Can't Fulfill

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We're in an age when money is a fabrication of monetarily sovereign national governments. These governments cannot "run out of" the money they create out of nothing. They don't have to dig more gold out of the ground in order to issue more currency, or clip the edges of their gold coins and melt the clippings into more coins. Absolute worst case scenario imaginable, faith in the ongoing value of the currency is lost and the country has to erase the "dollar" from existence and replace it with some other made-up digital representation of "money" and give it a new name. Would there be disruption and economic pain associated with those measures? Sure. But nothing prohibits a government from doing whatever it must with its own fake currency to prevent the entire society from descending into anarchy and chaos. There will always be digital units of currency used to trade goods and services and pay taxes. Governments and central banks can and already do literally just set up the game and invent the units of currency that are traded and create them with keystrokes on a computer.

Dans La Lune said:

The moral of the story is that the American people can't have nice things (healthcare, infrastructure, a healthy planet) because the Republican party gave everything away to the rich. And now that the rich have their tax cuts, its time to take away what little the American people currently have. Gotta tighten that fiscal belt.

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Socialism never works. In fact, in a true socialistic society, the 99 percenters are pretty much all equal while the 1% steal everything for themselves.