Federal Deficit Jumps 17 Percent As Tax Cuts Eat Into Government Revenue

[Captain Obvious]

Don’t even pay attention to it anymore. It has been that way since I saw it the first time in 1979. It isn’t going anywhere ever. There will always be debt and people always say it will bring us down. Never once has it happened. I bet that has been yelled for 200 years.

Greeks probably said the same thing

[Chris]

Sure, let's start with the outrageous waste and corruption that "national security" spending produces year after year after year.

We could cut about $310 billion in "national security" spending right away and we'd still be spending more on the military than any other country in the world.

We can also end the totally unconstitutional, big government "war on drugs" that has cost taxpayers about one trillion dollars in direct expenses, to say nothing of the massive opportunity costs that such a wasteful, corrupt enterprise engenders.

Once we've cut that horrifically wasteful and damaging spending, then perhaps we can look at reforming entitlement programs. But not a second sooner.

As Smedley Butler said, war is a racket. Just another form of corporate welfare. So, sure, cut that, but cut social welfare at the same time. And how about government welfare, cut back on the huge bureaucracy.

[Dr. Who]

Yup, if "conservatives" here still believe that voting GOP is the conservative thing to do then you're fools. The GOP learned a survival tactic from the dems - just put it on the credit card and let the next generation deal with it, not our problem.

https://www.npr.org/2018/10/16/65779...rnment-revenue



Side note - copying text into this forum is a $#@!ing disaster lately, never copies clean anymore.

Re copy paste - I thought it was only me that had to put all the paragraph returns back in.

Re tax cuts - same thing has been tried by every Republican Government and always resulted in deficits, plus major employers simply used the tax break to return greater dividends to shareholders. It makes a difference in new hires in small business, but has little impact on big business employment spending which is really driven by markets.

[Tahuyaman]

Yup, if "conservatives" here still believe that voting GOP is the conservative thing to do then you're fools. The GOP learned a survival tactic from the dems - just put it on the credit card and let the next generation deal with it, not our problem.

https://www.npr.org/2018/10/16/65779...rnment-revenue



Side note - copying text into this forum is a $#@!ing disaster lately, never copies clean anymore.

Tax rate cuts result in greater revenues flowing into government through increased economic activity. Deficits are caused by overspending.

[Captain Obvious]

Tax rate cuts result in greater revenues flowing into government through increased economic activity. Deficits are caused by overspending.

Yeah, that's great.

Tell me when the deficit is going down.

Keep $#@!ing that chicken, gomer

[Captain Obvious]

Reference

[Tahuyaman]

Idiots.

[Captain Obvious]

Idiots.

Yup

Thanks for the confirmation.

[Tahuyaman]

What’s worse than someone who doesn’t know? Those who don’t know that they don’t know.

[Captain Obvious]

What’s worse than someone who doesn’t know? Those who don’t know that they don’t know.