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Interest payments soon to be larger than Medicaid, national defence

#23

I have to say this. The president of the united States has been in office for under 2 full calendar years. The overwhelming majority of the Debt was created in the previous 200 plus years of the country with the overwhelming majority coming in the first 16 years of this century, with 10 Trillion... WITH A T in the last 8 years of the Obama administration alone. The idea that you blame one tax bill for a countries entire political addiction to spending other people's money is asinine.

Capitalism is more expensive than Socialism. This is frankly just childish. The federal budget is mainly composed of programs that exist outside the original intent of the framers to protect the citizens and enforce property rights. You run up trillions and trillions of dollars of dollars of debt on social programs and then you pass one corporate tax reform package and it's capitalisms fault? Lol. We've had tax rates in this country as high as 91% in some cases, the debt went up. We cut the marginal tax rate to 25%, revenues to the federal government doubled over 8 years and the debt still went up. It's like trying to loose weight. If you run a mile you burn a few hundred calories. If you then eat three slices of chocolate cake, then you just erased any good that you've done. The problem is the cake, not that you didn't run hard enough and Washington LOVES CAKE!

We were getting our rear ends handed to us in global competitiveness. If we can't attract capital in the global economy then we're DONE.

We had a spirited discussion about Tax cuts effecting short term revenues, longterm there is no discussion. Anyone, any site, or any poster who quotes a tax cut package as spending amortized over 10 years (1.5 trillion supposedly) has NO CREDIBILITY WHATSOEVER!
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RE: Interest payments soon to be larger than Medicaid, national defence - by jj82284 - 11-12-2018, 07:25 PM



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