Posts posted by David Dennison
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Just now, Mojo Hand said:
The spending problem is caused by the taxing problem. As McConnell just told Trump, people don't lose elections for spending more. The reason for that is that people don't feel any personal impact for spending more in the form of taxes. Our taxes are going down at the same time spending is going back up.
Massive deficits is the legacy of Reagan and the modern conservative movement.
Bingo.
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Just now, longhornmatt said:
DD’s supposedly comforting solution to the debt is worse than the fears most deficit hawks even have about the USA eventually defaulting and causing a huge financial meltdown. I don’t even think they are envisioning the government making everyone homeless as it liquidates a substantial percentage of the private wealth in America (the debt would be about 1/6 of DD’s 150 trillion number today and most likely ever increasing as a percentage over time).

Are you honestly worried about default?
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1 minute ago, longhornmatt said:
I think income taxes are not at all the same thing as foreclosing on people’s non-incoming generating assets. Run the numbers with GDP or some other measure that approximates income instead of overall wealth to get an accurate comparison of the revenue taxes could raise, and then get back to us on how spending isn’t a problem.
Oh, OK. I'll accept your parameters for my arguments.
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Just now, pepper brooks said:
So now we have folks here who think all that "value" can be converted to cash, confiscated by the federal government and used to pay debts. deer lowered. I guess this explains who the embarrassing incompetents we saw pandering at the mueller hearings get elected.
Let us know when the United States gets close to defaulting on a debt service payment.
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Just now, TexArcher said:
If a person makes $100k a year and spends $125k a year, there's a problem, right?
The government makes about 4 trillion a year and spends about 5 trillion a year, for round numbers. Yes, it's a problem.
Not if the net worth of that person is in proportion to the net worth of the United States of America, no.
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3 minutes ago, pepper brooks said:
they out spend cash flow by over 1 trillion a year. That is a spending problem no matter how you slice it. You could cut military spending by 40% and not make a dent. Until entitlements are addressed along with defense noting ever matters, and the .01% cannot be taxed into fixing this. You couldn't tax every billionaire the country 100% and make a dent in a one trillion a year deficit. It's impossible. The problem is way bigger than the typical, small minded ,canned, left response of tax the rich and cut defense
No, it isn't. It's not a problem at all given the value of the United States of America and the assets it has at its disposal.
It's a political red herring.
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1 minute ago, sachick said:
I agree, i think Mueller thought he was answering it as a hypothetical but the question was "the President" not "a President" so in effect, he was answering it about Trump.
I think it's clear that Robert Mueller thinks Donald Trump broke the law that the only reason he didn't indict him is because he's currently president.
That should be enough to start impeachment proceedings.
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It Never Ends
in Cloak Room
Yep. And when one of those things has to give, it's taxes that go up. Every time.