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President Biden's Address to Congress... Your Thoughts ?
#97
(05-03-2021, 06:43 PM)Hoot Gibson Wrote:
(05-03-2021, 06:25 PM)vector#1 Wrote:
(05-03-2021, 06:07 PM)Hoot Gibson Wrote:
(05-03-2021, 06:01 PM)The Outsider Wrote:
(05-02-2021, 02:15 PM)Hoot Gibson Wrote: None of these programs will be "paid for" - not by the wealthy, not by anybody. China Joe, the influence peddler and traitor, along with his accomplices in Congress are simply piling debt upon debt to buy the votes of simpletons. What Democrats are doing is playing Russian roulette with our nation's debt. The odds of our entire economy collapsing while a Democrat or a Republican is in the White House is probably about even. It is an extremely irresponsible and cynical agenda. Our national debt will reach a tipping point and both parties understand that fact. Democrats has simply decided to buy as many votes as possible with new give away programs before we reach that point.

As interest on the national debt soars as a percentage of federal expenditures, the inflation rate will soar and our government will no longer be able to borrow enough money to pay for all of the idiotic programs that Democrats seek to create.

Speaking of the national debt, Trump's tax cuts are expected to add 1.5 trillion to the national debt over the next 10 years.

https://www.msn.com/en-us/news/politics/...li=BBnb7Kz

"I want to take a look at those tax cuts," Wallace told Cassidy during an interview on Fox News Sunday. "According to the Tax Policy Center, the average first year tax cut for a household making less than $25,000—the average tax cut was just $60. The average tax cut for a household making $3.4 million was $193,000. And contrary to talk that it will pay for itself, the Trump tax cuts are now projected to add $1.5 trillion to the deficit over 10 years," Wallace explained.
Socialists consistently overestimate the impact of tax cuts on budget deficits. They assume that tax cuts do nothing to grow the economy, a notion that has been disproved time and again throughout American history. Tax cuts have often resulted in increases in tax revenue because of economic expansion but leftists love to ignore this fact. Did you expect the Biden administration to provide an objective analysis of the Trump tax cuts?
Commrade Quooter Consumer spending what drives the economy not stock buy backs also government spending.
The world according to Twin Ticks. High corporate tax rates are good. Government spending fuels economic growth. It would be a waste of time for me to explain why Biden's proposed tax hikes, which would return American corporations to the top of the list of most heavily taxed on the planet, will place American manufacturers at a serious competitive disadvantage. I could also explain to you why consumer spending on Chinese products is much less beneficial to the American economy than spending on goods and services produced by American citizens with operations in this country. But such explanations are wasted on you, Twin Ticks. China Joe will tell you all you need or want to know about economics. As a lifetime career politician, you can be sure that China Joe and the CCP know what is best for you.
Commrade Quooter I seen you dodged the 1.2 trillion the GOVERNMENT spends for national defense every year that's a lot of jobs.
That's not counting all the state, county, and local government jobs.
And you still won't say the economy is driven by the consumer. Commrade Quooter I thought the Russians was slow but after listening to you and Commrade TRT I was giving you too much credit
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RE: President Biden's Address to Congress... Your Thoughts ? - by vector#1 - 05-03-2021, 06:50 PM

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