The Conservative salesmen are at it again, and their little minions are hanging on their every word. The Joint Committee on Taxation, the nonpartisan analysts charged with estimating the costs of any tax bill, has already put out an initial report saying that the Senate GOP plan would add just over $1.4 trillion to the United States' debt by 2027, bringing the total debt to $32.4 trillion. But President Trump and many Republican leaders say that forecast is too high because it does not account for any growth from the tax bill.
We've been hearing this nonsense since the days of Ronald Reagan. Why do people keep falling for this garbage?? Thankfully there are a few (very few) Republicans that are not going to go along with this, hopefully there ranks will grow. America needs to start paying its own way, and paying down the national debt. It's done through paying our fair share in TAXES. Why do conservatives insist on living in this financial fantasy land??
https://www.msn.com/en-us/news/politics/a-wild-card-expected-wednesday-could-put-the-senate-gop-tax-bill-in-jeopardy/ar-BBFTeAL?li=BBnb7Kz
Originally posted by @mchillThere is provision for people like yourself to make extra contributions to the IRS.
The Conservative salesmen are at it again, and their little minions are hanging on their every word. The Joint Committee on Taxation, the nonpartisan analysts charged with estimating the costs of any tax bill, has already put out an initial report saying that the Senate GOP plan would add just over $1.4 trillion to the United States' debt by 2027, bringing t ...[text shortened]... wild-card-expected-wednesday-could-put-the-senate-gop-tax-bill-in-jeopardy/ar-BBFTeAL?li=BBnb7Kz
29 Nov 17
Originally posted by @wajomaThere is a difference between the contribution one person makes to another, especially when that other is a corporation with the rights of a person except where they can channel money earned in one jurisdiction, through shell and holding companies, to hoard in exotic locations like the Virgin or Channel Islands in a manner that we as people generally cant do.
There is provision for people like yourself to make extra contributions to the IRS.
But I'm sure them contributing their honest share would not make a difference, right?
29 Nov 17
Originally posted by @shavixmirTo my understanding, most of this debt is held by other countries, like China, in the form of Treasury bills, or T-bills.
That’s a lot of money.
Who’s it actually owed to?
Originally posted by @mchill'Trickle-down' economics, also called 'Reaganomics', is a complete fantasy. That doesn't stop these do-nothing, know-nothings from trying their hardest to cram it down our throats.
The Conservative salesmen are at it again, and their little minions are hanging on their every word. The Joint Committee on Taxation, the nonpartisan analysts charged with estimating the costs of any tax bill, has already put out an initial report saying that the Senate GOP plan would add just over $1.4 trillion to the United States' debt by 2027, bringing t ...[text shortened]... wild-card-expected-wednesday-could-put-the-senate-gop-tax-bill-in-jeopardy/ar-BBFTeAL?li=BBnb7Kz
Even George H.W. Bush famously called it 'voodoo' economics.
29 Nov 17
Originally posted by @suzianneWhat are treasury bills and T-bills?
To my understanding, most of this debt is held by other countries, like China, in the form of Treasury bills, or T-bills.
And what happens if the US just says: screw it, we’re resetting the economy and cancelling all debt we owe to other countries?
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29 Nov 17
Originally posted by @shavixmirThey'd have to use gunboat diplomacy (again!) to ever get another loan from anyone.
What are treasury bills and T-bills?
And what happens if the US just says: screw it, we’re resetting the economy and cancelling all debt we owe to other countries?
29 Nov 17
Originally posted by @shavixmirThe UN send in debt-collectors with big sticks.
What are treasury bills and T-bills?
And what happens if the US just says: screw it, we’re resetting the economy and cancelling all debt we owe to other countries?
29 Nov 17
Originally posted by @shavixmirhttps://en.wikipedia.org/wiki/United_States_Treasury_security#Treasury_bill
What are treasury bills and T-bills?
And what happens if the US just says: screw it, we’re resetting the economy and cancelling all debt we owe to other countries?
29 Nov 17
Originally posted by @suziannehttp://www.businessinsider.com/trumps-voodoo-economics-takes-aim-at-businesses-instead-of-consumers-2017-4
'Trickle-down' economics, also called 'Reaganomics', is a complete fantasy. That doesn't stop these do-nothing, know-nothings from trying their hardest to cram it down our throats.
Even George H.W. Bush famously called it 'voodoo' economics.
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29 Nov 17
Originally posted by @suzianneQuestion from that article: "Why help companies and investors if workers are the ones in trouble?"
http://www.businessinsider.com/trumps-voodoo-economics-takes-aim-at-businesses-instead-of-consumers-2017-4
Answer: look at who Donald's closest friends and allies are.
Originally posted by @shallow-blueOr some stupid nut like that Kim dude who just happens to live next door to China kind of starts something and before you can say lazer missile defence system it's WW3 and multiple nuclear EPM drops and China with the rest of the world will be beging the US of A to come charging in to save the day and restore civilization from the brink of chaos, and tear up their TBills in gratitude. And apart from the occasional bout of radiation sickness the world will carry on as it always has, and Ronnie will be glorified and made into a Saint because if it were not for him America and hence the free world would not have had a Star Wars Defence Initiative from which to contain and cauterize evil...
They'd have to use gunboat diplomacy (again!) to ever get another loan from anyone.
29 Nov 17
Originally posted by @mchillYou can't grow yourself out of a deficit. Everyone knows you have to spend yourself out of a deficit the way Dims do.
The Conservative salesmen are at it again, and their little minions are hanging on their every word. The Joint Committee on Taxation, the nonpartisan analysts charged with estimating the costs of any tax bill, has already put out an initial report saying that the Senate GOP plan would add just over $1.4 trillion to the United States' debt by 2027, bringing t ...[text shortened]... wild-card-expected-wednesday-could-put-the-senate-gop-tax-bill-in-jeopardy/ar-BBFTeAL?li=BBnb7Kz
Duh!
Just like that "stimulus package" that created millions of jobs Obama sold us.
Originally posted by @kmax87The tax system is a scheme to reward your cronies and attack your political enemies.
There is a difference between the contribution one person makes to another, especially when that other is a corporation with the rights of a person except where they can channel money earned in one jurisdiction, through shell and holding companies, to hoard in exotic locations like the Virgin or Channel Islands in a manner that we as people generally cant do.
But I'm sure them contributing their honest share would not make a difference, right?
Corporations who give money to the winning side of an election can expect tax savings. Civilians, like conservative groups under Obama, can expect to be hunted down and targeted by the IRS. Incidentally, those conservative groups proved their case and apparently won a settlement. It is all being kept under wraps by those in the IRS under the guise of protecting those in the IRS who carried this out. Apparently they fear for their lives. LOL.
As for Trump, he targets groups like the NFL who support public statements that attack him by taking away some of their tax privileges. He is even now trying to end state tax write off's on federal income taxes. This would really stick it to liberal states where taxes are outrageous, thus targeting political foes.
At the end of the day, the government will always run huge deficits. That's because taxes are not about paying down debt, it's about perfecting political power. It's really all just monopoly money. Nobody cares