GOP Proposes $4.5 Trillion Tax Giveaway to the Rich, CUT MEDICAID AND FOOD STAMPS

I haven't a clue. WTF would I know? Why are you putting me on trial like a leftist lunatic? Do you want to behead me next because you think I am hiding something?

 

Bothsidesing the literal destruction of America & replacement with sone kind of fascist autocracy led by a Nazi drug addict is not a good look.

Both sides have not done that!

 

Sure. Why not? That's it. When will the beheadings commence?

 

100% of people who "both sides" this are right wingers. There is a shame in defending a president who starts meme **** coin pump and dump schemes. When the grift is so obvious for them to see, they can't admit "**** I'm a sucker". They instead go "both sides!".

 

From a Sr. Fellow at the Conservative Manhattan Institute.

Desantis style-over-substance governing...max pain measured by lib tears equals max approval by his base.

Don’t brag about your coupon-clipping frugality at the same time you are buying a $250,000 Ferrari.


“Why aren’t you cheering Trump & DOGE? I thought you wanted spending and deficit cuts!"

Because I’ve been doing this for 25 years and can’t be tricked by gimmicky nonsense. Trump’s first term added $8 trillion in enacted spending hikes and tax cuts to the deficit - half of which was unrelated to the pandemic. This time around, Trump has proposed roughly $8 trillion more in tax cuts and spending hikes over the decade. And right now, a GOP Congress is preparing to abandon most reconciliation cuts and instead add $325 billion this year in new spending. We’re headed towards $4 trillion deficits within a decade.

So, no, I don’t get excited when DOGE cancels $1 billion in govt contracts. Or saves $3 billion in federal workforce reductions out of a $7,000 billion budget. Not when Trump and Congress are also preparing to add $800 billion more annually in proposed new tax cuts and spending. And no, the huge savings are not coming. Even (unrealistically) eliminating 20% of the federal workforce would save $60 billion, and overhauling federal systems to sharply reduce payment errors may save perhaps $80 billion (and is probably unlikely too). For all of DOGE’s bluster, administrative and executive reforms would at best save 1-2% of federal spending and offset only a small fraction of Trump’s red ink agenda.

That leaves trying to unilaterally impound spending such as USAID—which is wildly illegal—or actually going to Congress to pare back spending the constitutional way. But Trump has already taken Social Security, Medicare, defense, veterans, border (and interest) off the table, which is 2/3 of all spending and is driving deficits. And the GOP Congress seems ready to give up on cutting the remaining one-third of spending. Want to cut spending and the deficit? How about they stop passing budget-busting bills. Don’t brag about your coupon-clipping frugality at the same time you are buying a $250,000 Ferrari. I’m not going to cheer Trump and DOGE for adding “only” $750 billion to deficits instead of $800 billion. We’re still going backwards. I’ve spent decades studying the federal budget. I know that $7 trillion(!) behemoth inside and out – where the money really goes, and where the savings opportunities lie. So I can also detect bullshitters who talk tough about trillion-dollar spending cuts without doing their homework. It’s the ones who claim most spending goes to undefined “waste,” federal salaries, immigrants, foreigners, Ukraine, or non-working welfare recipients. It’s the ones who claim we can easily balance the budget or cut $1 trillion without specifying exactly what line-items to cut. Or that we can return to 2019 spending levels for each program, which means a 20% inflationary cut, defaulting on the federal debt, and kicking off every senior who has since retired into Social Security and Medicare. It’s all hot air and empty bluster. Tough talk without following through on anything substantive. Just wait until you see the final deficit numbers in October.

And this is why GOP movements to cut spending always fail. They make absurdly ambitious promises without doing their homework, understanding where the money goes, and specifying real plans to fix it. You can’t significantly cut the deficit just by cutting waste, firing bureaucrats, and defunding immigrants and foreigners. There are no easy short cuts. You have to stop cutting taxes and then address Social Security, Medicare, defense, and a lot of other popular programs. Wake me when the GOP goes there.

So, no, I will not get excited about a couple billion in DOGE savings on one hand while Trump pushes Congress to add $8 trillion over the decade in tax cuts and spending with the other hand. I’m not that gullible.


The writer was constructive and posted an article to legitimately reduce the deficit.
https://manhattan.institute/article/a-comprehensive-federal-budget-plan-to-avert-a-debt-crisis-2024

 

Yes both sides favor the super wealthy. Which is why Democrats running on a billionaire tax is the same thing as Republicans wanting to give a 4 trillion dollar tax cut to the top 1% lol

Braindead Americans

 

Agreed

 

Cut spending, cut the size of the government, eliminate waste through DOGE, tax only what is necessary.

The money belongs to the PEOPLE, not the government. We need to restore fiscal sanity and not look to the government to provide for everything. I'd be ashamed to take money from the government -- liberals have no such shame -- they expect money to be given to them. Biden added over $2 trillion a year to government spending. Obama raised our taxes to obscene levels.

It's time to put our country on the right trajectory -- SHRINK the size of government, RETURN money to taxpayers who EARNED IT, ELIMINATE waste to pay for it, GROW the economy to end up in a place with even more tax receipts. This is the way forward.

GOOD DAY

 

This is a straw man. It’s done in different ways, I’m not comparing tax plans and saying they’re even. I don’t care to write a manifesto on the topic. If you disagree with me that’s completely fine. No need to throw around insults. I’m not the source of your unhappiness.

 

We probably have different ideas about what constitutes the destruction of America. However, not even once did I defend the use of tax policy to put more money in billionaires pockets. We could have a discussion about so-called trickle down economics, but this doesn’t even feel like that.

 

I hope so. Nothing bad seems to stick to them for consequences. We'll see.

 

STR8DUMBASS.

 

Just taking a page from the media’s playbook

And you said almost all, get it right sir. And I would disagree with that sentiment. At the point of elected office all these ****ers are shitheads.

 

You have said the actual truth

Finally a clearheaded and unbiased take from the king of the D&D, thank you sir, and god bless.

 

This is absolutely the destruction of the concept of the "United States of America" - rule of law, constitution, schoohouse rock "how a bill becomes a law", America's position in the global order as the leading democracy, leading on science & technology - all of it. That is all being destroyed, literally destroyed root & branch the last 3 weeks.

THe current regime discards all of those ideas in favor of a personalist authoritarian regime- that is the end of the United States of America. It is just an oligarchy and vasssals

Also, we're going to have a giant recession soon - all because of this.

 

Explain this! Lol