I went on the debt clock site and before too long there was smoke coming out of that debt meter thingy. Looks like the spinning wheels on a slot machine only there is no payout.
Biden spends like a drunken sailor with the exception that a sailor, drunk or not, spends his money. Your witless Biden spent over 7 Trillion his first year in office. And it only went up from there
It was a typo, either way the point, which you've ignored because it refutes your claim, is that T increased spending nearly 50% and Biden has cut it by 20%.
No, you gd Republicans/Members of Congress arrange tax evasion like there’s no tomorrow! Everyone has an obligation to pay their FAIR taxes and contribute to the running of our government, it’s not optional to pay zero taxes!
A component of spending is the $1Trillion tax income annually LOST due to virtually ZERO taxes being paid by the wealthiest individuals and corporations! That is the cause of mounting deficit spending! Tax evasion is a crime!
The American People are the most uninformed and misinformed bunch of people on Earth. Our Media works tirelessly to point our attention towards anything that will push us to make government bigger and away from anything that might encourage us to make government smaller. That's literally their job as they see it. The people in the Media see themselves as part of the same "Ruling Class" as government. They think they're smarter than us, wiser than us and just plain BETTER than us.
Neither party wants smaller government. The proof of this is when the GOP has Congress and the White House and they will not shut down the smallest, most useless federal entities.
Smaller government is great when the peoples needs are being met. For fifty years this country has only supported the capital side of the social contract. Until labor regains an equal footing, big government is the only thing that can hold the peoples heads above water.
Bingo! Reich has schooled us on stagnant wages since the 70’s and the obscene power corporations wield over our lives, the monopoly abuse of that power over every aspect of our lives!
If one's needs are not being met, perhaps try another occupation. The idea government is supposed to rescue individuals because of their personal shortcomings was foreign to the Founding Fathers. This is rob Peter to pay Paul and eventually Peter stops working so hard and finds a nice tax shelter to keep his money from being stolen. That money isn't working to create any new businesses or jobs, because the main objective is to keep the government from stealing more.
The government by definition does not "steal" when taxation takes place. This is a silly throw away line but only truly applies to someone who doesn't need anything to live on. No one lives under a nuclear umbrella for free, or turns on the tap water based on the largesse of nature. This is the same trickle down crap fed to us for 44 years. We built this nation during a period when the top marginal tax rate was in the 90s and then 70s. Surely the better course would be to bring wages in line with what they would have been based on corporate profits and GDP. But the top 1% can't continue to hold all the wealth of this country hostage. All these tax cuts have done is made rich people richer. It wasn't used to build or hire, it was used to buy back stock and innovative so labor can be even less skilled (cheap) and less needed (automated).
Sorry, I don't believe the GOP has the backbone to deport any significant numbers of illegals. They talk a good talk, but after the election is over, they'll waffle as always and do nothing, which they do very well. Remember, Trump promised to end the endless wars and 4 years later, not a single one was gone and all it needed was an executive order, as these weren't Congressionally-mandated wars. I am done voting unless there's a good independent or third-party candidate. It is clear neither party cares about Americans and are corrupt to the core. They serve, in this order, Big Business, followed closely by Israel, and then Ukraine, and Taiwan. We are only remembered on Tax Day and Election Day. Since they don't represent me, I refuse to validate them. The GOP is now a sick job; they don't even pretend they are for smaller government anymore.
Why do we have such tunnel vision when it comes to the debt? For the last 50 years we have been told the only vehicle we have for effecting the economy in beneficial way is through tax cuts on the rich. That tunnel vision carries over to the point that no one on the right acknowledges there are two sides to the equation that equals our debt. Our defecits can also be reduced by slowly returning to the tax rates of previous years. We also may have to open our eyes a little further then and realize we can never balance the budget if we continue to allow our military spending to grow each year.
Poor Americans are going into debt to rich Americans who then borrow against their vast wealth to avoid their share of taxes.
Yes, the point here, and thank you: middle class Americans are dunned with paying the interest on deficits created for the benefit of the wealthy, ad infinitum!
Just a matter of time until the next round of US credit downgrades at a time when we need more debt buyers. The important 1 percent will retreat when equities cave, and realize they are "directly into the firing line."
funny how debt hawks always seem to come out during Democratic administration and go into hiding when the GOP takes power and slashes revenue which leads to the deficits
Our incredibly stupid politicians (and voters) are bringing us to the point of collapse. China, Japan, and Russia will not even have bones to pick through.
Our real problem is Americans believing only two parties count. We desperately need other parties to compete and force change, but Americans believe they are "wasting" their vote by voting for the best candidate. Go figure.
I went on the debt clock site and before too long there was smoke coming out of that debt meter thingy. Looks like the spinning wheels on a slot machine only there is no payout.
Just think how DIFFERENT a place we would find our debt situation if:
Reagan had not dropped the tax rates on wealthy individuals and corporations (without funding!). So much for his “trickle down” GOP lie!
Ditto Pop Bush, and Dubya Bush (3 times!) and $8Trillion added by illegitimate Trump! In short, REPUBLICANS created this mess! #VoteBlue
You g. d. Democrats spend like there is no tomorrow. Spending IS the problem caused by lust for big government.
Trump increased federal spending from $4.9 to 7.7T.
Biden has cut it from 7.5T to 6.1T.
Got any other talking points you'd like me to debunk?
Biden spends like a drunken sailor with the exception that a sailor, drunk or not, spends his money. Your witless Biden spent over 7 Trillion his first year in office. And it only went up from there
Brain dead, my guy Guy, Biden isn't the one rambling about sharks and batteries.
Check your numbers! If it was at 7.7 trillion how was it your brain dead president could cut from 7.5?
Where did the 0.2 trillion go? Are you fabricating something?
It was a typo, either way the point, which you've ignored because it refutes your claim, is that T increased spending nearly 50% and Biden has cut it by 20%.
No, you gd Republicans/Members of Congress arrange tax evasion like there’s no tomorrow! Everyone has an obligation to pay their FAIR taxes and contribute to the running of our government, it’s not optional to pay zero taxes!
Not bidens illegals, the Indians or the mormons. They don't pay taxes.
What does your socialist slogan “fair share” mean?
100% 50% 25% give me a number! What if Ms. Rich creates 1000 useful jobs? Still 100% 50% 25%. C’mon socialist, give me a number!
A component of spending is the $1Trillion tax income annually LOST due to virtually ZERO taxes being paid by the wealthiest individuals and corporations! That is the cause of mounting deficit spending! Tax evasion is a crime!
What do those wealthiest people do with their money? They create jobs - productive jobs.
What does the government produce - nothing good - not one god damn thing! You leftist woke
Yeah indeed. The wealthiest people in America do create productive jobs IN TAIWAN.
Give me a number! How much is your radical fair share? All? 100%. Half? 50%. Give me a number. You can stick that slogan!
Lost. Pay your fair share. Pony up for someone taking a legal deduction
Look at reality. You g. d. Democrats are doing the spending.
The American People are the most uninformed and misinformed bunch of people on Earth. Our Media works tirelessly to point our attention towards anything that will push us to make government bigger and away from anything that might encourage us to make government smaller. That's literally their job as they see it. The people in the Media see themselves as part of the same "Ruling Class" as government. They think they're smarter than us, wiser than us and just plain BETTER than us.
Neither party wants smaller government. The proof of this is when the GOP has Congress and the White House and they will not shut down the smallest, most useless federal entities.
Smaller government is great when the peoples needs are being met. For fifty years this country has only supported the capital side of the social contract. Until labor regains an equal footing, big government is the only thing that can hold the peoples heads above water.
Bingo! Reich has schooled us on stagnant wages since the 70’s and the obscene power corporations wield over our lives, the monopoly abuse of that power over every aspect of our lives!
If one's needs are not being met, perhaps try another occupation. The idea government is supposed to rescue individuals because of their personal shortcomings was foreign to the Founding Fathers. This is rob Peter to pay Paul and eventually Peter stops working so hard and finds a nice tax shelter to keep his money from being stolen. That money isn't working to create any new businesses or jobs, because the main objective is to keep the government from stealing more.
The government by definition does not "steal" when taxation takes place. This is a silly throw away line but only truly applies to someone who doesn't need anything to live on. No one lives under a nuclear umbrella for free, or turns on the tap water based on the largesse of nature. This is the same trickle down crap fed to us for 44 years. We built this nation during a period when the top marginal tax rate was in the 90s and then 70s. Surely the better course would be to bring wages in line with what they would have been based on corporate profits and GDP. But the top 1% can't continue to hold all the wealth of this country hostage. All these tax cuts have done is made rich people richer. It wasn't used to build or hire, it was used to buy back stock and innovative so labor can be even less skilled (cheap) and less needed (automated).
10s of millions of immigrants to America are going to be in for a rude awakening when the post 1973 after-party ends and America turns into Brazil.
More like Argentina.
Argentina isn't as blessed with diversity as Brazil
Sorry, I don't believe the GOP has the backbone to deport any significant numbers of illegals. They talk a good talk, but after the election is over, they'll waffle as always and do nothing, which they do very well. Remember, Trump promised to end the endless wars and 4 years later, not a single one was gone and all it needed was an executive order, as these weren't Congressionally-mandated wars. I am done voting unless there's a good independent or third-party candidate. It is clear neither party cares about Americans and are corrupt to the core. They serve, in this order, Big Business, followed closely by Israel, and then Ukraine, and Taiwan. We are only remembered on Tax Day and Election Day. Since they don't represent me, I refuse to validate them. The GOP is now a sick job; they don't even pretend they are for smaller government anymore.
There is no voting out of this mess
100 billion here, 100 billion there. Pretty soon you're starting to talk about real money! =]
There are also other problems lurking in the global market. Here is my newest article about Japan's Norinchukin Bank:
https://open.substack.com/pub/arkominaresearch/p/what-happened-with-japans-norinchukin?r=1r1n6n&utm_campaign=post&utm_medium=web
It’s too bad all you …. Who voted for Biden are so miserable you have to take a whole nation with into your wretched atmosphere
Why do we have such tunnel vision when it comes to the debt? For the last 50 years we have been told the only vehicle we have for effecting the economy in beneficial way is through tax cuts on the rich. That tunnel vision carries over to the point that no one on the right acknowledges there are two sides to the equation that equals our debt. Our defecits can also be reduced by slowly returning to the tax rates of previous years. We also may have to open our eyes a little further then and realize we can never balance the budget if we continue to allow our military spending to grow each year.
Poor Americans are going into debt to rich Americans who then borrow against their vast wealth to avoid their share of taxes.
Yes, the point here, and thank you: middle class Americans are dunned with paying the interest on deficits created for the benefit of the wealthy, ad infinitum!
Hi Peter, consider the following:
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F34730665-1c5e-4aaa-aade-f9446ea3589c_2000x1573.jpeg
This time, you’ve got to vote to defeat the Orange Menace!
Just a matter of time until the next round of US credit downgrades at a time when we need more debt buyers. The important 1 percent will retreat when equities cave, and realize they are "directly into the firing line."
funny how debt hawks always seem to come out during Democratic administration and go into hiding when the GOP takes power and slashes revenue which leads to the deficits
They will spend until no one wants the dollar
Our incredibly stupid politicians (and voters) are bringing us to the point of collapse. China, Japan, and Russia will not even have bones to pick through.
Our real problem is Americans believing only two parties count. We desperately need other parties to compete and force change, but Americans believe they are "wasting" their vote by voting for the best candidate. Go figure.
Just keep electing the same bad apples and expecting a different outcome. What’s that called?
Oh yes, insanity!
This must be done on purpose. Nations have done the same many times since Rome.