Anonymous
Anonymous
08/02/2023 10:24
Subject: US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:But keep in proposing trillions in free student loan forgiveness, cash handouts, green initiatives, free healthcare, free housing, free childcare, free this, free that.
Democrats are delusional. Keep on blowing up the govt credit card. No one ever has to pay for all of this 'free' S#@*, right?
Free, free, free...everyone deserves something free from Uncle Sam these days because they simply exist and breathe air.
Terrible:
https://www.barrons.com/news/fitch-downgrades-us-credit-rating-after-debt-limit-standoffs-782ab003
This isn't about spending. It's about stability and governance. Almost going over the cliff on the debt limit, failing to pass a budget for years at a time, etc., etc. is the issue.
You didn't even read what Fitch said. Half of it is because of brinkmanship, the other half of the overwhelming debt that's growing and crushing the country.
But yeah, keep on proposing to hand out more free stuff.
Like unfunded tax cuts for the 1% that have exploded the debt and deficit spending?
Like Biden spending an unnecessary $1T+ in stimulus spending and handing out unnecessary stimulus checks 2 months into office that exacerbated inflation.
If that were the case, then inflation in the US would be worse than our industrialized counterparts. Instead, inflation in the US is MUCH BETTER than the rest of the world. Try again.
No it wasn't.
At the peak of our inflation, the US was in the top ten in the world for inflation. We were in the same ranks with Brazil, the UK, and Russia. It was bad.
There is a key word in your post...WAS. WAS BAD, not IS BAD. The US economy is the envy of the world at this moment.
Anonymous
08/02/2023 10:23
Subject: US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:But keep in proposing trillions in free student loan forgiveness, cash handouts, green initiatives, free healthcare, free housing, free childcare, free this, free that.
Democrats are delusional. Keep on blowing up the govt credit card. No one ever has to pay for all of this 'free' S#@*, right?
Free, free, free...everyone deserves something free from Uncle Sam these days because they simply exist and breathe air.
Terrible:
https://www.barrons.com/news/fitch-downgrades-us-credit-rating-after-debt-limit-standoffs-782ab003
This isn't about spending. It's about stability and governance. Almost going over the cliff on the debt limit, failing to pass a budget for years at a time, etc., etc. is the issue.
You didn't even read what Fitch said. Half of it is because of brinkmanship, the other half of the overwhelming debt that's growing and crushing the country.
But yeah, keep on proposing to hand out more free stuff.
Half our budget is for DoD and they have never passed an audit. Let's start there.
Anonymous
08/02/2023 10:15
Subject: Re:US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Bidenomics.
Spend money you don't have, promise people things you can't provide, flood the country with cheap, unskilled labor, then sit back as things implode.
We could easily increase taxes on capital gains, remove the cap on social security and slightly increase income taxes overall, and reduce our military budget to something sane and we'd never have a funding problem again.
You're only 1/3rd right.
Cut spending on social security and Medicare/Medicaid too. Those eat up over half of all tax revenue right off the top.
Of course for Democrats, it's almost always a tax problem, it's never a spending problem, except for military. Cuts across the board please. Nothing is safe, including SNAP benefits, housing programs, education, food stamps, and all other social programs.
You can't tax your way out of spending addictions.
+ a million. All of it... but especially the bolded.
Anonymous
08/02/2023 10:13
Subject: Re:US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bidenomics.
Spend money you don't have, promise people things you can't provide, flood the country with cheap, unskilled labor, then sit back as things implode.
We could easily increase taxes on capital gains, remove the cap on social security and slightly increase income taxes overall, and reduce our military budget to something sane and we'd never have a funding problem again.
You're only 1/3rd right.
Cut spending on social security and Medicare/Medicaid too. Those eat up over half of all tax revenue right off the top.
Of course for Democrats, it's almost always a tax problem, it's never a spending problem, except for military. Cuts across the board please. Nothing is safe, including SNAP benefits, housing programs, education, food stamps, and all other social programs.
You can't tax your way out of spending addictions.
Our tax burden especially on corporations and the wealthiest is one of the lowest in the last 100 years. There is plenty of room to increase. And guess what? Gen Y is ready to do that.
Bull S.
The amount of taxes we pay as a % of total GDP has remained remarkably consistent for nearly 50+ years:
https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS?locations=US
So how does the US ring up such massive deficits if the amount of taxes the overall country pays basically has remained the same for 50 years, give or take a minor few percent?
THAT MEANS WE HAVE A SPENDING PROBLEM.
But go ahead and keep increasing taxes. You'll turn the country into a sh!tty European country like the UK or the PIGS where economic growth will be anemic, wages and salaries stagnate, and there will be a slow, long-term drag downward for quality of life.
Democrats......always trying to tax their way out of problems..it's never a spending problem. Yeah, how about you try to earn your way out of a credit card spending problem and see how well that goes for you without fixing your shopping addictions.
Uh, good luck trying to cut Social Security, Medicare, Medicaid, and the military as non-military discretionary spending makes up ~15% of the total Federal budget. You want to put grandma and grandpa on the streets without healthcare? Those aging white, boomer welfare kings and queens are why we have an "out of control" spending problem. Good luck with that.
Anonymous
08/02/2023 10:13
Subject: US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:But keep in proposing trillions in free student loan forgiveness, cash handouts, green initiatives, free healthcare, free housing, free childcare, free this, free that.
Democrats are delusional. Keep on blowing up the govt credit card. No one ever has to pay for all of this 'free' S#@*, right?
Free, free, free...everyone deserves something free from Uncle Sam these days because they simply exist and breathe air.
Terrible:
https://www.barrons.com/news/fitch-downgrades-us-credit-rating-after-debt-limit-standoffs-782ab003
Oh, like farm and fossil fuel subsidies supported by Republicans or out of control defense spending? How come people like you never bring that up? Or tax cuts to billionaires and multinationals? Huh, pal?
Oh right, couldn't be Biden's $6T spending plans:
https://www.nytimes.com/2021/04/28/us/politics/biden-spending-plans.html
It's laughable you probably simultaneously drink idiot Kool Aid from clown shows like AOC who has $30T spending plans for green initiatives in the works with no bat of the eye.
Keep.on bankrupting country. Let's see how well your green initiatives and student loan forgiveness work when the country is insolvent.
Anonymous
08/02/2023 10:12
Subject: US credit worthiness downgraded yet again
SS, Medicare and Medicaid are not "entitlements".
Anonymous
08/02/2023 10:09
Subject: US credit worthiness downgraded yet again
Anonymous wrote:But keep in proposing trillions in free student loan forgiveness, cash handouts, green initiatives, free healthcare, free housing, free childcare, free this, free that.
Democrats are delusional. Keep on blowing up the govt credit card. No one ever has to pay for all of this 'free' S#@*, right?
Free, free, free...everyone deserves something free from Uncle Sam these days because they simply exist and breathe air.
Terrible:
https://www.barrons.com/news/fitch-downgrades-us-credit-rating-after-debt-limit-standoffs-782ab003
Oh, like farm and fossil fuel subsidies supported by Republicans or out of control defense spending? How come people like you never bring that up? Or tax cuts to billionaires and multinationals? Huh, pal?
Anonymous
08/02/2023 10:04
Subject: Re:US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bidenomics.
Spend money you don't have, promise people things you can't provide, flood the country with cheap, unskilled labor, then sit back as things implode.
We could easily increase taxes on capital gains, remove the cap on social security and slightly increase income taxes overall, and reduce our military budget to something sane and we'd never have a funding problem again.
You're only 1/3rd right.
Cut spending on social security and Medicare/Medicaid too. Those eat up over half of all tax revenue right off the top.
Of course for Democrats, it's almost always a tax problem, it's never a spending problem, except for military. Cuts across the board please. Nothing is safe, including SNAP benefits, housing programs, education, food stamps, and all other social programs.
You can't tax your way out of spending addictions.
Our tax burden especially on corporations and the wealthiest is one of the lowest in the last 100 years. There is plenty of room to increase. And guess what? Gen Y is ready to do that.
Bull S.
The amount of taxes we pay as a % of total GDP has remained remarkably consistent for nearly 50+ years:
https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS?locations=US
So how does the US ring up such massive deficits if the amount of taxes the overall country pays basically has remained the same for 50 years, give or take a minor few percent?
THAT MEANS WE HAVE A SPENDING PROBLEM.
But go ahead and keep increasing taxes. You'll turn the country into a sh!tty European country like the UK or the PIGS where economic growth will be anemic, wages and salaries stagnate, and there will be a slow, long-term drag downward for quality of life.
Democrats......always trying to tax their way out of problems..it's never a spending problem. Yeah, how about you try to earn your way out of a credit card spending problem and see how well that goes for you without fixing your shopping addictions.
Anonymous
08/02/2023 09:57
Subject: US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:But keep in proposing trillions in free student loan forgiveness, cash handouts, green initiatives, free healthcare, free housing, free childcare, free this, free that.
Democrats are delusional. Keep on blowing up the govt credit card. No one ever has to pay for all of this 'free' S#@*, right?
Free, free, free...everyone deserves something free from Uncle Sam these days because they simply exist and breathe air.
Terrible:
https://www.barrons.com/news/fitch-downgrades-us-credit-rating-after-debt-limit-standoffs-782ab003
This isn't about spending. It's about stability and governance. Almost going over the cliff on the debt limit, failing to pass a budget for years at a time, etc., etc. is the issue.
You didn't even read what Fitch said. Half of it is because of brinkmanship, the other half of the overwhelming debt that's growing and crushing the country.
But yeah, keep on proposing to hand out more free stuff.
Like unfunded tax cuts for the 1% that have exploded the debt and deficit spending?
Like Biden spending an unnecessary $1T+ in stimulus spending and handing out unnecessary stimulus checks 2 months into office that exacerbated inflation.
If that were the case, then inflation in the US would be worse than our industrialized counterparts. Instead, inflation in the US is MUCH BETTER than the rest of the world. Try again.
No it wasn't.
At the peak of our inflation, the US was in the top ten in the world for inflation. We were in the same ranks with Brazil, the UK, and Russia. It was bad.
Anonymous
08/02/2023 09:55
Subject: Re:US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bidenomics.
Spend money you don't have, promise people things you can't provide, flood the country with cheap, unskilled labor, then sit back as things implode.
We could easily increase taxes on capital gains, remove the cap on social security and slightly increase income taxes overall, and reduce our military budget to something sane and we'd never have a funding problem again.
You're only 1/3rd right.
Cut spending on social security and Medicare/Medicaid too. Those eat up over half of all tax revenue right off the top.
Of course for Democrats, it's almost always a tax problem, it's never a spending problem, except for military. Cuts across the board please. Nothing is safe, including SNAP benefits, housing programs, education, food stamps, and all other social programs.
You can't tax your way out of spending addictions.
How? They're entitlements - do you know what that means? It doesn't mean a snowflake Gen Zer. It means the money is already spent on those programs, it's already set aside, it cannot be "nationalized".
'entitlements'
More like Ponzi scams.
They're already breaking the govt's back and our budget. At some point, scams implode, like they are now.
Anonymous
08/02/2023 09:52
Subject: Re:US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Bidenomics.
Spend money you don't have, promise people things you can't provide, flood the country with cheap, unskilled labor, then sit back as things implode.
We could easily increase taxes on capital gains, remove the cap on social security and slightly increase income taxes overall, and reduce our military budget to something sane and we'd never have a funding problem again.
You're only 1/3rd right.
Cut spending on social security and Medicare/Medicaid too. Those eat up over half of all tax revenue right off the top.
Of course for Democrats, it's almost always a tax problem, it's never a spending problem, except for military. Cuts across the board please. Nothing is safe, including SNAP benefits, housing programs, education, food stamps, and all other social programs.
You can't tax your way out of spending addictions.
But the GOP cuts taxes without cutting spending, so we get exploded debt. That doesn't work either. At least with the dems, we get GDP growth so the spending is investment that raises all boats, not just the .05% that the GOP benefits.
Anonymous
08/02/2023 09:51
Subject: Re:US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Bidenomics.
Spend money you don't have, promise people things you can't provide, flood the country with cheap, unskilled labor, then sit back as things implode.
We could easily increase taxes on capital gains, remove the cap on social security and slightly increase income taxes overall, and reduce our military budget to something sane and we'd never have a funding problem again.
You're only 1/3rd right.
Cut spending on social security and Medicare/Medicaid too. Those eat up over half of all tax revenue right off the top.
Of course for Democrats, it's almost always a tax problem, it's never a spending problem, except for military. Cuts across the board please. Nothing is safe, including SNAP benefits, housing programs, education, food stamps, and all other social programs.
You can't tax your way out of spending addictions.
Our tax burden especially on corporations and the wealthiest is one of the lowest in the last 100 years. There is plenty of room to increase. And guess what? Gen Y is ready to do that.
Anonymous
08/02/2023 09:51
Subject: US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:But keep in proposing trillions in free student loan forgiveness, cash handouts, green initiatives, free healthcare, free housing, free childcare, free this, free that.
Democrats are delusional. Keep on blowing up the govt credit card. No one ever has to pay for all of this 'free' S#@*, right?
Free, free, free...everyone deserves something free from Uncle Sam these days because they simply exist and breathe air.
Terrible:
https://www.barrons.com/news/fitch-downgrades-us-credit-rating-after-debt-limit-standoffs-782ab003
This isn't about spending. It's about stability and governance. Almost going over the cliff on the debt limit, failing to pass a budget for years at a time, etc., etc. is the issue.
You didn't even read what Fitch said. Half of it is because of brinkmanship, the other half of the overwhelming debt that's growing and crushing the country.
But yeah, keep on proposing to hand out more free stuff.
Like unfunded tax cuts for the 1% that have exploded the debt and deficit spending?
Like Biden spending an unnecessary $1T+ in stimulus spending and handing out unnecessary stimulus checks 2 months into office that exacerbated inflation.
If that were the case, then inflation in the US would be worse than our industrialized counterparts. Instead, inflation in the US is MUCH BETTER than the rest of the world. Try again.
Anonymous
08/02/2023 09:51
Subject: Re:US credit worthiness downgraded yet again
Anonymous wrote:Anonymous wrote:Anonymous wrote:Bidenomics.
Spend money you don't have, promise people things you can't provide, flood the country with cheap, unskilled labor, then sit back as things implode.
We could easily increase taxes on capital gains, remove the cap on social security and slightly increase income taxes overall, and reduce our military budget to something sane and we'd never have a funding problem again.
You're only 1/3rd right.
Cut spending on social security and Medicare/Medicaid too. Those eat up over half of all tax revenue right off the top.
Of course for Democrats, it's almost always a tax problem, it's never a spending problem, except for military. Cuts across the board please. Nothing is safe, including SNAP benefits, housing programs, education, food stamps, and all other social programs.
You can't tax your way out of spending addictions.
How? They're entitlements - do you know what that means? It doesn't mean a snowflake Gen Zer. It means the money is already spent on those programs, it's already set aside, it cannot be "nationalized".