Trumpo-nomics: $23 TRILLION - - true national debt
Feb 9, 2020 22:01:10 #
RixPix wrote:
The budget is what leads to debt. If taxes were raised on the wealthiest the debt could be lowered to a manageable level.
Lol no it won't, you know nothing about how the economy or debt works.
"..history shows that periods of higher capital-gains tax rates produce less revenue as a share of all federal revenue and as a fraction of GDP. Hillary's not even redistributing efficiently."
"Charles Gibson effect." Gibson interviewed then-Senator Obama in 2008 for ABC News. Obama said he'd raise the cap-gains tax from 15 percent to 28 percent. But Gibson reminded Obama that when Bill Clinton and George Bush lowered cap-gains tax rates, revenues actually increased. In other words, the Laffer curve. But Obama said it didn't matter because he wanted to be "fair."
https://www.cnbc.com/2015/07/25/hillarys-inconceivably-stupid-capital-gains-tax-scheme-kudlow-commentary.html
"Barack Obama exposes himself as an idiot on the economy. Even if it means less tax revenue for the government, he'll raise capital gains taxes because he thinks that it is "fair". He's a spread the wealth socialist."
https://www.youtube.com/watch?v=54jr3Ceu894&t=37s
Feb 9, 2020 22:32:50 #
LWW
Loc: Banana Republic of America
ken_stern wrote:
Obama raised the debt to prevent a world wide depression - Which he did - The economy he passed on to Trump was in full recovery. Trump's reason was to lower taxes for the very rich & Corporations
A D congress raised the debt to a point it nearly guarantees a future world wide depression.
Feb 9, 2020 22:55:02 #
RixPix wrote:
The budget is what leads to debt. If taxes were raised on the wealthiest the debt could be lowered to a manageable level.
Tax what? Their income? How much? Most of that wealth is in investments not income. So what do ,youdo? Confiscate their wealth. If you took 100% of their income it wouldn't even makea small dent in the deficit
Feb 10, 2020 06:58:06 #
RixPix wrote:
The budget is what leads to debt. If taxes were raised on the wealthiest the debt could be lowered to a manageable level.
LOL... ROFLMAO!
Feb 10, 2020 09:29:56 #
RixPix wrote:
The budget is what leads to debt. If taxes were raised on the wealthiest the debt could be lowered to a manageable level.
What are you smoking? There is no taxing out of this debt. But this is a good example of how democrats fuel class warfare. The rich should pay their fair share but they also should not be penalized merely because they have more. That doesn’t make sense.
Feb 10, 2020 09:38:08 #
Rose42 wrote:
What are you smoking? There is no taxing out of this debt. But this is a good example of how democrats fuel class warfare. The rich should pay their fair share but they also should not be penalized merely because they have more. That doesn’t make sense.
The Dems are deluding their followers so as to convince them that the economy is a zero sum game. .It's not
Feb 10, 2020 09:47:12 #
aphelps
Loc: Central Ohio
ken_stern wrote:
Obama raised the debt to prevent a world wide depression - Which he did - The economy he passed on to Trump was in full recovery. Trump's reason was to lower taxes for the very rich & Corporations
.......to create a more favorable business climate resulting in jobs expansion. Remember, politicians do not create jobs. Businesses do.
Feb 10, 2020 10:40:22 #
Why should the Republicans be the only party to reduce the debt? That's a chump's play. Reducing the debt doesn't get you reelected. Fight fire with fire. Play by the Dems rules. Use Saul Alinski's playbook too. Trump broke the mold. He is a genius.
Feb 10, 2020 11:25:51 #
ken_stern wrote:
Obama raised the debt to prevent a world wide depression - Which he did - The economy he passed on to Trump was in full recovery. Trump's reason was to lower taxes for the very rich & Corporations
Are you telling us the rich did not get richer by far under Obama? If so I am calling you a liar.
Dennis
Feb 10, 2020 11:50:10 #
Feb 10, 2020 12:03:21 #
Feb 10, 2020 12:44:59 #
EllieLady wrote:
Watch "Velshi: The Trillion Little Pieces That'll Be Left Behind To Future Generations | MSNBC" on YouTube
https://youtu.be/NoD8Kcze0tk
Most folks can't even conceive of a dollar amount with that many zeros.
https://youtu.be/NoD8Kcze0tk
Most folks can't even conceive of a dollar amount with that many zeros.
A pretty stupid thread title given that previous presidents spent 21 of the 23 trillion and Obama spent 10 of the 22 by himself!
Get some credibility!
Feb 10, 2020 12:47:45 #
ken_stern wrote:
Obama raised the debt to prevent a world wide depression - Which he did - The economy he passed on to Trump was in full recovery. Trump's reason was to lower taxes for the very rich & Corporations
Fantasy and leftist wishes, but certainly not truth. Explain to us how the failed Obama stimulus bill (a giveaway to unions and progressive cities) or his GM bailout prevented a worldwide depression?
In fact, explain economically how ANY of his spending prevented a worldwide depression.
Before you try, and embarrass your family, please review the U.S. budget for those years first.
Feb 10, 2020 12:48:34 #
Blurryeyed wrote:
Was that before or after his walk across the Red Sea?
I think it was right after the narcissist said the seas would recede because of his election! LOL!
Feb 10, 2020 12:49:28 #
ken_stern wrote:
Obama raised the debt to prevent a world wide depression - Which he did - The economy he passed on to Trump was in full recovery. Trump's reason was to lower taxes for the very rich & Corporations
Your ignorance on taxation and tax revenues is stunning.
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