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Jacksonville Jaguars Fan Forums Other Stuff Political Talk Interest payments soon to be larger than Medicaid, national defence

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Interest payments soon to be larger than Medicaid, national defence

  • Offline MalabarJag
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#16
11-12-2018, 11:00 AM

(11-12-2018, 09:12 AM)mikesez Wrote:
(11-12-2018, 08:15 AM)StroudCrowd1 Wrote: Isn't the deficit already at an unsustainable level? It's not one presidents fault. It's every politician's fault. They have, and will always have a spending problem.

Higher interest rates signify a stronger economy. Trump has continuously bashed the Fed for raising rates too fast, but at the same time is a natural response to a good economy.

Do you really expect lenders to remain happy getting a 0-3% return on their money? And of course federal interest payments go to the wealthy people, THEY ARE THE ONES LENDING THE MONEY!

As for being part of the design, how do you propose keeping interest rates low in a booming economy?

I propose that the tax cuts were neither necessary nor good.
If we had simply left taxes alone, the debt would be at a more sustainable level, interest rates would be higher than they were in 2016 but not as high as today, and employment would still be high.

The corporate tax cuts were absolutely necessary. The US had one of the highest (if not the highest) corporate taxes in the free world. Businesses were relocating to foreign countries, meaning a loss of jobs and a loss of business tax revenue. You leftists don't seem to understands that 100% of nothing is still nothing.

The other tax cuts were insignificant to the deficit, and necessary to put the corporate tax cuts through.

And the debt was so high that just keeping a smaller deficit wouldn't have have helped. The problem is too much spending, not a lack of taxes.



                                                                          

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RE: Interest payments soon to be larger than Medicaid, national defence - by MalabarJag - 11-12-2018, 11:00 AM



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