Originally posted by: Kevin Lewis
The bill you're bitching about will dramatically increase government revenue.
The next thing you know, Kevin will tell us that Reagan and Trump tax cuts caused deficits to increase.
Originally posted by: Kevin Lewis
The bill you're bitching about will dramatically increase government revenue.
The next thing you know, Kevin will tell us that Reagan and Trump tax cuts caused deficits to increase.
Originally posted by: Boilerman
The next thing you know, Kevin will tell us that Reagan and Trump tax cuts caused deficits to increase.
They caused deficits to be larger than they otherwise would have been. That's what happens when you deprive the government of revenue.
Of course, there was still a huge shortfall, which Ronny Raygun tried to address by slashing social programs. So a lot of people suffered, and many died, but we had lotsa guns to stare down them Rooskies.
Your statement and implications are meaningless. Reducing government revenue, all other things being equal, increases the federal deficit. So what Ronnie and George did to increase the deficit was to slash revenue--the story was that increased economic activity would make up for it. That worked, sort of...until it didn't.
Of course, it's been a conservative mantra for years that all you have to do is cut taxes and all problems magically go away.
Originally posted by: Kevin Lewis
They caused deficits to be larger than they otherwise would have been. That's what happens when you deprive the government of revenue.
Of course, there was still a huge shortfall, which Ronny Raygun tried to address by slashing social programs. So a lot of people suffered, and many died, but we had lotsa guns to stare down them Rooskies.
Your statement and implications are meaningless. Reducing government revenue, all other things being equal, increases the federal deficit. So what Ronnie and George did to increase the deficit was to slash revenue--the story was that increased economic activity would make up for it. That worked, sort of...until it didn't.
Of course, it's been a conservative mantra for years that all you have to do is cut taxes and all problems magically go away.
Yet revenue increased.
Originally posted by: tom
The. $124b number for IRS enforcement is a made up number with no basis in fact.
The increased revenue does not take effect for several years, while the spending is now, so it increases the deficit.
The supposed drug negotiations will take a few years to take effect, so no effect on inflation.
One can buy a Medicare Advantage drug program now for another $46 that saves people money.
Another blah blah source
The Federal Reserve Bank of Minneapolis CEO and President Neel Kashkari said Sunday that the current state of inflation is "very concerning" and "spreading out more broadly across the economy." "It’s very concerning. We keep getting inflation readings, new data that comes in as recently as this past week, and we keep getting surprised. It’s higher than we expect," Kashkari said during an appearance on CBS’ "Face The Nation." "And it’s not just a few categories. It’s spreading out more broadly across the economy
Kashkari argued that the new bill introduced by Sens. Chuck Schumer, D-N.Y., and Joe Manchin, D-W. Va., dubbed the Inflation Reduction Act is "not going to have much of an impact on inflation" over the next several years,
There you have it, folks ! Eighty Trillion dollar, Tom, has given the bill his budget score. Good for him.
The non-partisan Committee for a Responisble Federal Budget (CRFB) says it reduces the debt by 300 billion.
https://www.crfb.org/blogs/whats-inflation-reduction-act
Readers are free to judge who they believe has more integrity and a more accureate study of the subject.
Originally posted by: Boilerman
Yet revenue increased.
And it would have increased more without the tax cuts.
Voodoo economics works when the economy is booming, because pretty much anything works under those conditions. The crushing failure of Reaganomics was inevitable, as when the economy cools off, all of a sudden, the government is starved of revenue.
The proper approach, of course, is to have sensible and sustainable tax rates that work well under any economic conditions. But the Republicans have, for decades, been addicted to selling their brand by forcing through big tax breaks for corporations and the rich. The little guy suffers, but why should they care?
Originally posted by: PJ Stroh
There you have it, folks ! Eighty Trillion dollar, Tom, has given the bill his budget score. Good for him.
The non-partisan Committee for a Responisble Federal Budget (CRFB) says it reduces the debt by 300 billion.
https://www.crfb.org/blogs/whats-inflation-reduction-act
Readers are free to judge who they believe has more integrity and a more accureate study of the subject.
Isn't it hilarious how stupid Tommie-poo thinks he understands this topic?
Originally posted by: Vegas Todd
So tell us what the Repug plan is, if any.
Still no answer from Boil.
Joe BIden will leave office with a smaller deficit than when he came in.
After running up the largest defict in history, PJ brags that biden is lowering the defict
The non-partisan Committee for a Responisble Federal Budget (CRFB) says it reduces the debt by 300 billion. https://www.crfb.org/blogs/whats-inflation-reduction-act
All this group did was take the numbers that the democrats gave them & add them up, no analysis. My sources analyzed the numbers & said the claims are wrong.
You can now add the the Joint Committee on Taxation as another source. They are saying the plan raises taxes on most Americans.
No - the CRFB is a non-partisan group of both Republicans and Democrats whose sole mission statement is to educate the public about the national debt and any legislation that impacts it.
Your sources are well known. Hence the 80 Trillion dollar Green New Deal.
Thanks for stopping by.
Originally posted by: tom
Joe BIden will leave office with a smaller deficit than when he came in.
After running up the largest defict in history, PJ brags that biden is lowering the defict
The non-partisan Committee for a Responisble Federal Budget (CRFB) says it reduces the debt by 300 billion. https://www.crfb.org/blogs/whats-inflation-reduction-act
All this group did was take the numbers that the democrats gave them & add them up, no analysis. My sources analyzed the numbers & said the claims are wrong.
You can now add the the Joint Committee on Taxation as another source. They are saying the plan raises taxes on most Americans.
Stupid Tommie-poo's "sources."
HAHAHAHAHAHAHAHAHAHAHAHAHA
