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Old December 28th, 2017, 06:50 PM   #61
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Will someone explain this bit of nonsense to me.....How does this tax cut cost $1.5 Trillion???......Where does that number come from??

I believe the [basically useless] CBO, who rely on static rather than dynamic scoring.

Funny how the left hates people getting to keep more of what they earn, then turn around and whine that the individual tax cuts expire. Yet the Democrats could offer a bill to make those cuts permanent (but they won't).
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Old December 28th, 2017, 07:18 PM   #62
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I believe the [basically useless] CBO, who rely on static rather than dynamic scoring.

Funny how the left hates people getting to keep more of what they earn, then turn around and whine that the individual tax cuts expire. Yet the Democrats could offer a bill to make those cuts permanent (but they won't).
That is a very valid point that will not be understood by most
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Old December 28th, 2017, 08:03 PM   #63
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History has proven that when there are tax cuts, the revenue coming into the Treasury increases......The reason there was deficits was because the idiots in both parties can not stop spending....not because of the tax cuts...
History has shown the additional revenue barely covers a third of the tax cut, now ask yourself, when unemployment is low, when the economy has been steadily growing for 8 years, is that the time for a stimulus package?
Is that the time to pay down some debt, or run up even more debt?

So when do we pay down the debt?
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Old December 28th, 2017, 09:37 PM   #64
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Record revenue and still the deficit. It is spending, and baseline budgeting should be eliminated.
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Old December 28th, 2017, 09:51 PM   #65
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Record revenue and still the deficit. It is spending, and baseline budgeting should be eliminated.
Shhhh,
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Old December 29th, 2017, 04:49 AM   #66
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Record revenue and still the deficit. It is spending, and baseline budgeting should be eliminated.
That's a cop out.
Since the very same people set the spending and the tax rate, it's the congress that has approved another 11.5 trillion in debt, and the president has signed off on it.

It's raising taxes on the wealthy that provides the feedback to the system to rein in spending. Putting government on sale, marking it down, means getting more and paying less for the term of a representative facing reelection is an option. That is an incentive to destroy the system slowly, and it's working.
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Old December 29th, 2017, 06:46 AM   #67
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History has shown the additional revenue barely covers a third of the tax cut, now ask yourself, when unemployment is low, when the economy has been steadily growing for 8 years, is that the time for a stimulus package?
Is that the time to pay down some debt, or run up even more debt?

So when do we pay down the debt?
You partisan hacks crack me up.

Growing steadily for 8 years? GDP growth was trending down from 2010 to 2016. In those eight years the Obamaconomy recieved $14 trillion of stimulus, $9+ trillion of fiscal stimulus and $5+ trillion of monetary stimulus, yet only delivered up $4 trillion of economic growth. That is unheard of.

Look back at the end of the Obamaconomy. GDP growth had fallen to 1.6% and the Obamaconomy added $1.4 Trillion to the national debt in 2016, just one year.

Consumer confidence was falling when it looked like Hillary was a shoo in. Had Hillary been elected we would have continued the path to recession.

Trump unexpectedly gets elected and consumer and employer and investor confidence skyrocket.

In the Trumpconomy growth is up 75% and headed higher, 2 million new jobs the first year and less than half as much is added to the national debt than in the last year of the Obamaconomy.

We elected the most ridiculous person ever as leader of the free world, and he has proven that all you have to do to fix the economy is stay out of the way, a testament to the incompetence and ineffectiveness of Barack Obama.
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Old December 29th, 2017, 11:20 AM   #68
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You partisan hacks crack me up.

Growing steadily for 8 years? GDP growth was trending down from 2010 to 2016. In those eight years the Obamaconomy recieved $14 trillion of stimulus, $9+ trillion of fiscal stimulus and $5+ trillion of monetary stimulus, yet only delivered up $4 trillion of economic growth. That is unheard of.

Look back at the end of the Obamaconomy. GDP growth had fallen to 1.6% and the Obamaconomy added $1.4 Trillion to the national debt in 2016, just one year.

Consumer confidence was falling when it looked like Hillary was a shoo in. Had Hillary been elected we would have continued the path to recession.

Trump unexpectedly gets elected and consumer and employer and investor confidence skyrocket.

In the Trumpconomy growth is up 75% and headed higher, 2 million new jobs the first year and less than half as much is added to the national debt than in the last year of the Obamaconomy.

We elected the most ridiculous person ever as leader of the free world, and he has proven that all you have to do to fix the economy is stay out of the way, a testament to the incompetence and ineffectiveness of Barack Obama.
So if things are going so well, why add another 11.5 trillion in debt?
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Old December 29th, 2017, 11:25 AM   #69
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So if things are going so well, why add another 11.5 trillion in debt?
We won't, the increase in the national debt for 2017 was half what it was in the 2016 Obamaconomy.

Odds are it will be even less in the 2018 Trumpconomy.

Just getting rid of Obama and his economically detrimental policies and the promise of corporate tax reform created an inflection point in the Obamaconomy negative slope GDP growth curve.

Good times are coming our way.
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Old December 29th, 2017, 11:42 AM   #70
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Revenue to the treasury jumped 80% after the Reagan tax cuts.....It was a Democrat Congress under Tip O'Neill and Jim Wright who spent the surplus revenue and then some. Reagan needed money to rebuild a severely contracted military....It was the unrelated riders to the military bills that Reagan had to agree with and sign to get his rebuilt military, that the Russians tried to match and that bankrupted them....which reduced the need for military spending that helped give Clinton a surplus...Which is all the Dimocrats want to acknowledge....
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