US government is running out of money faster than expected, Mnuchin warns

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LJS9502_basic

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#51 LJS9502_basic
Member since 2003 • 178844 Posts

@davillain- said:

Cutting corporate taxes and taxes on the wealthy while increasing the military budget will tend to do that.

@LJS9502_basic said:

How can this be...…...trump made American great again.

He warned us that he would run the Government like one of his businesses and this is what happens when you give giant tax breaks to the riches.

Thank you captain obvious. Fix your sarcasm detector as well.

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DaVillain

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#52 DaVillain  Moderator
Member since 2014 • 56091 Posts

@LJS9502_basic: I'm sure your fun at parties -_-

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comp_atkins

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#53 comp_atkins
Member since 2005 • 38677 Posts
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comp_atkins

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#54 comp_atkins
Member since 2005 • 38677 Posts

@burntbyhellfire "according to actual numbers, after the deficit/debt skyrocketed after 2008, its maintained its court since then up until 2018.. so no, tax cuts have had no noticeable effect on deficit, nor debt up to and including 2018"

and then posts this. how in the name in all that is right on earth can someone seriously make the statement that a $1 TRILLION drop in the deficit is "maintaining court" [sic]

fucking mind boggling that this is the argument being made. jesus...


equally mind boggling is how in such a robust economy the trump administration STILL somehow manages to rack up trillion dollar deficits...

the mess the next president is going to have to deal with....yikes.

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Serraph105

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#55 Serraph105
Member since 2007 • 36039 Posts

@vl4d_l3nin said:
@sonicare said:

Repeal the tax cuts.

Repeal entitlements.

lol yes, take away healthcare from millions because the richest people need their tax cuts. Take away social security because the rich need more money. Take away SNAP benefits because the rich need better golden parachutes. Cater to the rich and ignore the poor.

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vl4d_l3nin

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#56 vl4d_l3nin
Member since 2013 • 3700 Posts

@Serraph105:In America, ALL taxation must come representation. If you're in favor of taxing corporations, that means you're tacitly in favor of seeing corporations as people and allowing them unfettered access to the government. Slashing taxes for corporations is slashing their entitlements. If they are not taxed, they have no right to welfare.

Social Security doesn't hurt the pocketbooks of rich people at all. Someone who makes 20M/year pays the exact dollar amount as someone who make 140K/year. For both those individuals, they are paying what would be either disposable or investment income. Poor people, on the other hand, are paying money that they could definitely use for necessities. Also, poor people spend a much larger portion of their lives working, which means they are paying into SS much longer than the rich. How liberals see this as 'fair' is beyond me.

If you're an executive of an edible processed poison company, SNAP is your golden parachute. The lobbying done in favor of food stamps is done almost exclusively by Wal-Mart, Kraft, Coca-Cola, and Pepsi. There is pretty solid correlation between food stamp recipients and increased obesity. If you look at the crap that is bought with food stamps, it's not surprising.

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mattbbpl

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#58 mattbbpl
Member since 2006 • 23032 Posts

@vl4d_l3nin said:

@Serraph105:In America, ALL taxation must come representation. If you're in favor of taxing corporations, that means you're tacitly in favor of seeing corporations as people and allowing them unfettered access to the government. Slashing taxes for corporations is slashing their entitlements. If they are not taxed, they have no right to welfare.

What the actual ****. I know you didn't just say this as a Republican after the Hofeller file bullshit, the voter purges of the last few decades, and the racial gerrymandering during that same time period. GTFO if you think anyone is going to buy the bullshit you peddled here.

Sans personhood, corporations are an economic vehicle engaging in economic activity, and those have been taxed for generations. If you really think that economic vehicles can't be taxed (LOL), then we can certainly switch corporate taxes to higher capital gains taxes. Not that you'll agree with that either, because your objection about representation is bullshit to start with.