1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Trump tax cuts and spending to result in $2 Trillion budget deficit by 2028

Discussion in 'BBS Hangout: Debate & Discussion' started by Sweet Lou 4 2, Jul 25, 2018.

Page 5 of 5
  1. HTM

    HTM Member

    Joined:
    Jun 29, 2013
    Messages:
    8,018
    Likes Received:
    5,866
    We spend too much money.
     
    #81 HTM, Nov 22, 2018
  2. Sweet Lou 4 2

    Sweet Lou 4 2 Member

    Joined:
    Dec 16, 2007
    Messages:
    39,206
    Likes Received:
    20,353
    How is it that we have record deficits during one of the greatest economic booms in history?
    Hmm, but spending hasn't increased as much as borrowing. Apparently we are getting less tax revenue and that's the source of the deficit. How is that possible in a big boom economy?
     
    #82 Sweet Lou 4 2, Nov 22, 2018
    FranchiseBlade likes this.
  3. Deckard

    Deckard Blade Runner
    Supporting Member

    Joined:
    Mar 28, 2002
    Messages:
    57,800
    Likes Received:
    41,241
    It's not hard to explode the deficit if you hand out huge tax cuts to the wealthiest Americans and corporations, screwing the middle class in the process.
     
    #83 Deckard, Nov 22, 2018
  4. dmoneybangbang

    dmoneybangbang Member

    Joined:
    May 5, 2012
    Messages:
    22,645
    Likes Received:
    14,373
    How could we have ever seen an aging population and a growing veteran population would increase spending?

    We had no way of knowing when these tax cuts were passed....
     
    #84 dmoneybangbang, Nov 22, 2018
  5. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    Gee... if only anyone would have known the trump/gop tax cuts only benefited corporations and rich people... and would drive up the deficit?

    After Voting for Tax Law, Rubio Slams It for Helping Corporations Over Workers
    https://www.bloomberg.com/news/arti...ium=social&cmpid=socialflow-facebook-politics
     
    #85 NewRoxFan, Dec 13, 2018
  6. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
     
    #86 NewRoxFan, Jan 6, 2019
  7. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
     
    #87 NewRoxFan, Mar 6, 2019
    Nook likes this.
  8. Sweet Lou 4 2

    Sweet Lou 4 2 Member

    Joined:
    Dec 16, 2007
    Messages:
    39,206
    Likes Received:
    20,353
    #88 Sweet Lou 4 2, Mar 6, 2019
  9. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
     
    #89 NewRoxFan, Mar 6, 2019
    No Worries, Nook and FranchiseBlade like this.
  10. Aleron

    Aleron Member

    Joined:
    Jun 24, 2010
    Messages:
    11,685
    Likes Received:
    1,113
    The CBO has quite a long history of getting things wildly wrong, it may be "non partisan", but its also ****. Vegas would never take bets on them being wrong, as it'd be them just giving away money, their modelling assumptions are garbage (Keynesian modelling seemingly always turns out that way)

    But even if its true, are people in 2030 (well if the world is still here...) going to go "if it wasn't for that damn Trump the debt would be 40 trillion rather than 41" ? The focus on a hundred billion a year here or there, when the it's basically a drop in the ocean.

    And both parties are awful on this, the republicans are too afraid to touch medicare/social security, and the democrats just refuse.
     
    #90 Aleron, Mar 6, 2019
  11. Jugdish

    Jugdish Member

    Joined:
    Mar 27, 2006
    Messages:
    9,106
    Likes Received:
    9,638
    #91 Jugdish, Mar 6, 2019
    Nook likes this.
  12. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    The same non-partisan CBO report that has been used to track every U.S. budget. But good to see trump defenders using their disdain for the CBO report to defend the growing deficit. I guess past "handing our children and grandchildren more and more debt" was only important when a Democrat was president.

    btw:

    http://time.com/3923128/donald-trump-announcement-speech/

    https://www.pbs.org/newshour/politi...mp-made-medicare-and-social-security-stronger
     
    #92 NewRoxFan, Mar 6, 2019
  13. Nook

    Nook Member

    Joined:
    Jun 27, 2008
    Messages:
    60,168
    Likes Received:
    133,847
    This has been a fairly successful tactic by the Trump administration.

    When something cold and hard slaps them in their face, and there is no real wiggle room or defense, criticize the method or non partisan entity or established measure.
     
    #93 Nook, Mar 6, 2019
    dmoneybangbang likes this.
  14. HTM

    HTM Member

    Joined:
    Jun 29, 2013
    Messages:
    8,018
    Likes Received:
    5,866
     
    #94 HTM, Mar 6, 2019
  15. RocketsLegend

    RocketsLegend Member

    Joined:
    Nov 19, 2015
    Messages:
    6,619
    Likes Received:
    1,529
    Tax cuts don't increase the deficit. Spending the money you don't have does. Cut government spending.
     
    #95 RocketsLegend, Mar 6, 2019
  16. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    #96 NewRoxFan, Mar 6, 2019
    Newlin likes this.
  17. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    Federal deficit jumps to $747B, likely to exceed $1T by September
    https://thehill.com/policy/finance/...umps-to-747b-likely-to-exceed-1t-by-september
     
    #97 NewRoxFan, Jul 12, 2019
  18. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    Folks should have listened better back then... to both candidates.

    Trump: 'I'm the king of debt'
    06/22/2016 08:09 AM EDT
    https://www.politico.com/story/2016/06/trump-king-of-debt-224642
     
    #98 NewRoxFan, Jul 12, 2019
    RayRay10 likes this.
  19. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    But... but, we were told the tax cuts would pay for themselves... such incompetence!



     
    #99 NewRoxFan, Jul 12, 2019
(You must log in or sign up to post here.)
Page 5 of 5

Share This Page