Republicans and the debt ceiling

[Anonymous]

So this deal would produce floor votes on eliminating entitlements that may not even pass the House and sure as hell won’t pass the Senate or be signed by the President. And put every GOP MOC who votes for them on the record as wanting to ditch Social Security and Medicare. Yay?

[Anonymous]

Anonymous wrote:This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.

[Anonymous]

I simply can't take the gamesmanship seriously when we refuse to look at our largest budget item:

-Defense spending. The defense budget is $742 billion in 2023. You have to roll up ALL our so-called "entitlement programs" to rival that spending. And the Pentagon has never passed an audit. We just ended two 20 year wars. You want to cut the budget? Start there.

[Anonymous]

Anonymous wrote:I simply can't take the gamesmanship seriously when we refuse to look at our largest budget item:

-Defense spending. The defense budget is $742 billion in 2023. You have to roll up ALL our so-called "entitlement programs" to rival that spending. And the Pentagon has never passed an audit. We just ended two 20 year wars. You want to cut the budget? Start there.

Given threats from Russia and China, no thank you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Republicans are the cause of our debt problems.

What a goofy chart, comparing last year of previous presidents only. Compare Obama to Bush debt.

There are bars for each year, dear.

You and everyone else knows that the congress proposes budgets and works with the president on enacting them, so don't act like democrats are as pure as the driven snow. Covid threw a monkey wrench in everything. We got close to 6 trillion in spending up from a normal of 3.5 the minute covid hit. That's over and it's going to bogart the numbers. There's nothing that's been cut by the WH. In fact, true to form, Joe says we have to spend more to keep from going broke. I've never seen him serious about spending cuts.

You wanna jack up taxes? Look for serious outflows from the U.S. in this global economy.

Now do that chart up there year by year for congress. Maddow or Benet or whoever put it together are clowns.

It didn't have to be that way, but the Trump Administration bungled COVID so badly that it became necessary. What was the excuse for W?

First, they cut taxes and create big budget deficits. Then, they mismanage and deregulate and enable fraud until they crash the economy. Those are sure things you can count on from a Republican Administration.

Oh stop. Government spending is 44% of GDP today. You can't tax enough to cover that, especially when close to half the country's population aren't paying any taxes. Know the numbers.

[Anonymous]

Anonymous wrote:I simply can't take the gamesmanship seriously when we refuse to look at our largest budget item:

-Defense spending. The defense budget is $742 billion in 2023. You have to roll up ALL our so-called "entitlement programs" to rival that spending. And the Pentagon has never passed an audit. We just ended two 20 year wars. You want to cut the budget? Start there.

Medicare and medicaid are 1.516 Trillion a year.
Social Security is 1.250 Trillion a year.
Defense is 775 Billion a year.
Interest on the debt is 520 Billion a year.

The current national debt is 94,200 per person.
The current national debt is 247,000 per tax payer.

Those are the numbers provided by the federal government

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Republicans are the cause of our debt problems.

What a goofy chart, comparing last year of previous presidents only. Compare Obama to Bush debt.

There are bars for each year, dear.

You and everyone else knows that the congress proposes budgets and works with the president on enacting them, so don't act like democrats are as pure as the driven snow. Covid threw a monkey wrench in everything. We got close to 6 trillion in spending up from a normal of 3.5 the minute covid hit. That's over and it's going to bogart the numbers. There's nothing that's been cut by the WH. In fact, true to form, Joe says we have to spend more to keep from going broke. I've never seen him serious about spending cuts.

You wanna jack up taxes? Look for serious outflows from the U.S. in this global economy.

Now do that chart up there year by year for congress. Maddow or Benet or whoever put it together are clowns.

It didn't have to be that way, but the Trump Administration bungled COVID so badly that it became necessary. What was the excuse for W?

First, they cut taxes and create big budget deficits. Then, they mismanage and deregulate and enable fraud until they crash the economy. Those are sure things you can count on from a Republican Administration.

Oh stop. Government spending is 44% of GDP today. You can't tax enough to cover that, especially when close to half the country's population aren't paying any taxes. Know the numbers.

Federal government spending was 25% of GDP in FY22.

[Anonymous]

We need to get our corporate taxes in line to prevent corporate HQ shopping and arbitrage. 15% minimum, like almost 140 nations are doing.

https://nypost.com/2021/10/08/nearly-140-countries-agree-to-15-minimum-global-corporate-tax-rate/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Republicans are the cause of our debt problems.

What a goofy chart, comparing last year of previous presidents only. Compare Obama to Bush debt.

There are bars for each year, dear.

You and everyone else knows that the congress proposes budgets and works with the president on enacting them, so don't act like democrats are as pure as the driven snow. Covid threw a monkey wrench in everything. We got close to 6 trillion in spending up from a normal of 3.5 the minute covid hit. That's over and it's going to bogart the numbers. There's nothing that's been cut by the WH. In fact, true to form, Joe says we have to spend more to keep from going broke. I've never seen him serious about spending cuts.

You wanna jack up taxes? Look for serious outflows from the U.S. in this global economy.

Now do that chart up there year by year for congress. Maddow or Benet or whoever put it together are clowns.

It didn't have to be that way, but the Trump Administration bungled COVID so badly that it became necessary. What was the excuse for W?

First, they cut taxes and create big budget deficits. Then, they mismanage and deregulate and enable fraud until they crash the economy. Those are sure things you can count on from a Republican Administration.

Oh stop. Government spending is 44% of GDP today. You can't tax enough to cover that, especially when close to half the country's population aren't paying any taxes. Know the numbers.

Federal government spending was 25% of GDP in FY22.

Here is the link:
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/

[Anonymous]

Anonymous wrote:We need to get our corporate taxes in line to prevent corporate HQ shopping and arbitrage. 15% minimum, like almost 140 nations are doing.

https://nypost.com/2021/10/08/nearly-140-countries-agree-to-15-minimum-global-corporate-tax-rate/

We did that already. Not surprised someone who reads the New York Post doesn’t know that.
https://www2.deloitte.com/cn/en/pages/tax/articles/us-congress-passes-15-percent-corporate-minimum-tax.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:We need to get our corporate taxes in line to prevent corporate HQ shopping and arbitrage. 15% minimum, like almost 140 nations are doing.

https://nypost.com/2021/10/08/nearly-140-countries-agree-to-15-minimum-global-corporate-tax-rate/

We did that already. Not surprised someone who reads the New York Post doesn’t know that.
https://www2.deloitte.com/cn/en/pages/tax/articles/us-congress-passes-15-percent-corporate-minimum-tax.html

Didn't they set it at something ridiculous like $1 billion? There are barely more than 100 companies in the US that meet that threshold to pay the tax. Might have been something like $100 million for foreign companies

[Anonymous]

Anonymous wrote:

Anonymous wrote:I simply can't take the gamesmanship seriously when we refuse to look at our largest budget item:

-Defense spending. The defense budget is $742 billion in 2023. You have to roll up ALL our so-called "entitlement programs" to rival that spending. And the Pentagon has never passed an audit. We just ended two 20 year wars. You want to cut the budget? Start there.

Medicare and medicaid are 1.516 Trillion a year.
Social Security is 1.250 Trillion a year.
Defense is 775 Billion a year.
Interest on the debt is 520 Billion a year.

The current national debt is 94,200 per person.
The current national debt is 247,000 per tax payer.

Those are the numbers provided by the federal government

Social security and medicare are technically not government money. I am old enough to remember when Al Gore got laughed off stage for suggesting a lock box for these programs to ensure they were funded through when the baby boomers died off. Welp, Bush "won" the election and here we are.

[Anonymous]

If the GOP House wants to play the brinkmanship game, then shouldn't they have a specific list of demands so the public understands exactly what is being asked of the Dems?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Republicans are the cause of our debt problems.

What a goofy chart, comparing last year of previous presidents only. Compare Obama to Bush debt.

There are bars for each year, dear.

You and everyone else knows that the congress proposes budgets and works with the president on enacting them, so don't act like democrats are as pure as the driven snow. Covid threw a monkey wrench in everything. We got close to 6 trillion in spending up from a normal of 3.5 the minute covid hit. That's over and it's going to bogart the numbers. There's nothing that's been cut by the WH. In fact, true to form, Joe says we have to spend more to keep from going broke. I've never seen him serious about spending cuts.

You wanna jack up taxes? Look for serious outflows from the U.S. in this global economy.

Now do that chart up there year by year for congress. Maddow or Benet or whoever put it together are clowns.

It didn't have to be that way, but the Trump Administration bungled COVID so badly that it became necessary. What was the excuse for W?

First, they cut taxes and create big budget deficits. Then, they mismanage and deregulate and enable fraud until they crash the economy. Those are sure things you can count on from a Republican Administration.

Oh stop. Government spending is 44% of GDP today. You can't tax enough to cover that, especially when close to half the country's population aren't paying any taxes. Know the numbers.

The federal government doesn't spend anywhere close to 44% of GDP. You're just making crap up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I simply can't take the gamesmanship seriously when we refuse to look at our largest budget item:

-Defense spending. The defense budget is $742 billion in 2023. You have to roll up ALL our so-called "entitlement programs" to rival that spending. And the Pentagon has never passed an audit. We just ended two 20 year wars. You want to cut the budget? Start there.

Medicare and medicaid are 1.516 Trillion a year.
Social Security is 1.250 Trillion a year.
Defense is 775 Billion a year.
Interest on the debt is 520 Billion a year.

The current national debt is 94,200 per person.
The current national debt is 247,000 per tax payer.

Those are the numbers provided by the federal government

Social security and medicare are technically not government money. I am old enough to remember when Al Gore got laughed off stage for suggesting a lock box for these programs to ensure they were funded through when the baby boomers died off. Welp, Bush "won" the election and here we are.

Medicare and SS aren't government money? What are you smoking dude?