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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Default ?? Government brings in 4 trillion in taxes Debt service is 600 million. Plenty of money to pay its debt. Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.[/quote] By “it” you mean the Republican Party? [/quote] Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult. [/quote] One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017? I'll wait here for the answer.[/quote] Bush Admin & Republican Congress also didn’t even try pay for or offset the costa of the wars in Iraq and Afghanistan and they added the Medicare Part D drug benefits and Tricare for Life for military retirees with no funding mechanism for either. Blue Dog Democrats always forced the Democrats to pay as you go and offset new programs with taxes, cuts, and cost containment measures. What blew up the debt was replacing Blue Dogs in the House with rubber-stamp Republicans. Affordable Care Act had pay-fors and controls but when Republicans got back in power they couldn’t kill the benefits but they killed the taxes and cost controls. [/quote] ACA did not have cost controls. It had a whole bunch of gimmicks, like doing a ten year cost with payouts starting 4 years later. 10 years of revenues with 6 years of payouts is very useful for a budget score, but not so helpful in the 2020s. Then they assumed the lower costs of Medicare cuts to hospital payments that passed in the late 90s, that has been cancelled every single year. There's another hundreds of billions of dollars. The other cost controls were ignored, with Democrats clamoring for Congress to fund the insurance companies even though this part was supposed to be self-funding with the taxes on insurance company profits.[/quote]
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