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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 41 of 65

@NOTHAPPENING wrote:

@Centristsin2010 wrote:

@NOTHAPPENING wrote:

Just the facts!
You got "just the facts"  They're just facts you don't like.

You don't like the facts. Obama started with $10 trillion dollar debt and 8 years later, he doubled it (100% increase). That's the facts. Look it up. It's unfortunate for the radical left but it's true. Trump has increased the debt by 10% in 2+ years


FACT-Obama inherited a horrible declining economy;

 

FACT - trump inherited a growing, expanding economy.

 

Facts aren't your friend.


"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 42 of 65

@NOTHAPPENING wrote:

Just some facts that liberals ignore: the income tax cuts were to the people who pay income taxes and not to those who don't. Those that pay the most taxes, reaped the biggest benefit. Great! You have now agreed that Now, see if you can say the words....trump lied to America.  It;s what he does and the far-right extremists just LOVE IT!  The left would want the least payers to get the most benefit thus redistributing other people's income to them.  Really?  Is that a fact or an opinion?  If YOU think it's a fact, you should post a source given the TOS.


"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 43 of 65

@Centristsin2010 wrote:

@NOTHAPPENING wrote:

Just the facts!
You got "just the facts"  They're just facts you don't like.

You don't like the facts. Obama started with $10 trillion dollar debt and 8 years later, he doubled it (100% increase). That's the facts. Look it up. It's unfortunate for the radical left but it's true. Trump has increased the debt by 10% in 2+ years.

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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 44 of 65

Just some facts that liberals ignore: the income tax cuts were to the people who pay income taxes and not to those who don't. Those that pay the most taxes, reaped the biggest benefit. The left would want the least payers to get the most benefit thus redistributing other people's income to them.

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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 45 of 65

@NOTHAPPENING wrote:

Just the facts!
You got "just the facts"  They're just facts you don't like.

"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 46 of 65

   The talking point is meant to give some cover.    What if a tax cut was so small that it was irrelevant.   That is what some are selling as a "win" for the consumer.   As typical of the ignoble donald supporters, as long as they don't include any real data that underscores how badly most taxpayers got raked thru the coals and were rewarded with a pittance while the uber wealthy and corporations received the bulk of the rewards.     That is a baffle with bs process - apparently the ignoble donald supporters like the diet they are being fed.  

 

https://theintercept.com/2019/04/13/tax-day-taxes-statistics/

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 47 of 65

   The talking point is meant to give some cover.    What if a tax cut was so small that it was irrelevant.   That is what some are selling as a "win" for the consumer.   As typical of the ignoble donald supporters, as long as they don't include any real data that underscores how badly most taxpayers got raked thru the coals and were rewarded with a pittance while the uber wealthy and corporations received the bulk of the rewards.     That is a baffle with bs process - apparently the ignoble donald supporters like the diet they are being fed.  

 

https://theintercept.com/2019/04/13/tax-day-taxes-statistics/

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 48 of 65

@Centristsin2010 wrote:

@NOTHAPPENING wrote:

@Richva wrote:

Trump's tax cuts are like having all your credit cards maxed out, getting approved for a new one, and taking a nice cruise.  

 

Fiscally irresponsible and the bill WILL come someday. 


Tax cuts to corporations mean more jobs (proved out).  More jobs mean more income tax. We'll see how the debt does.  Will Trump equal Obama's debt? Will he have an increase of 100% debt in only 8 years? I doubt it.

 

Funny how some choose to ignore the FACT that trump inherited a growing economy, while Obama inherited Bush's recession....I guess it plays to trump's uninformed base.....

 

The US national debt just pushed past $22 trillion — here's how Trump's $2 trillion in debt compares with Obama, Bush, and Clinton

 

  • On February 11, the US national debt eclipsed $22 trillion for the first time.
  • Since President Donald Trump took office, the US has added over $2 trillion in new federal debt.
  • See how Trump's debt accumulation — and projected debt accumulation — stacks up to that of recent presidents including Barack Obama, Bill Clinton, and George W. Bush.
 

The US national debt passed $22 trillion on February 11, the first time the federal debt had breached that threshold.

 

The landmark came just over two years after President Donald Trump, who once promised to eliminate the federal debt in eight years, took over the Oval Office.

 

But compared with some other recent presidents', Trump's debt accumulation is not as stunning as it first appears.

 

 

The US Treasury has been tracking day-by-day debt accumulationsince the start of 1993, meaning daily debt figures are available for the presidencies of Bill Clinton, George W. Bush, Barack Obama, and Trump.

 

In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion — $2,065,536,336,472.90 to be exact — in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion. (The US added another $2.8 billion through February 15, the latest daily figures available.)

 

That is less than the $3.46 trillion added between Obama's inauguration in January 2009 and February 11, 2011, but it is more than the $676 billion added under Bush and the $617 billion added under Clinton in their first 752 days as president.

 
One important difference between Trump's debt figures and Obama's is that Trump has added a massive amount of debt while the US economy has been strong, whereas Obama took over during the depths of the financial crisis.

 

Economists typically recommend that the federal government increase spending, and thus add more debt, during times of economic struggles and then pay down that debt when the economy recovers. So while economic theory would support Obama's spending to help support the economy, Trump's recent debt binge has less support among economists.

Looking ahead, recent legislative changes are expected to help Trump catch up to some of his predecessors in the debt-accumulation department.

 

The combination of the new GOP tax law and the recent bipartisan spending deal are projected to increase the speed of debt accumulation over the rest of Trump's presidency.

 
According to the Congressional Budget Office, the annual deficit — the shortfall of federal revenue compared with spending in a given fiscal year — will soon push past $1 trillion. 2018's budget deficit was the largest since 2012, when the US was still dealing with the fallout from the recession.

 

Based on the CBO's projections, Trump will have accumulated $3.73 trillion in new debt by the end of the 2020 fiscal year, which, because of federal budget rules, actually runs until the end of September 2020. And by the end of fiscal 2024, the last year of Trump's second term if he wins reelection, the total debt added is projected to come in at $8.78 trillion.

 

A lot could change over that time period — adjustments to the tax code that increase revenue or spending cuts would alter the CBO's projections. But as it stands, Trump could add roughly the same amount of debt as Obama over two terms.

 

total debt accumulated by president v2Andy Kiersz/Business Insider

 

But while the raw debt figures are astonishing, putting the accumulation in percentage terms provides a somewhat different picture. Based on Treasury data and CBO projections:

 

  • The national debt grew by 15% through February 11 of Clinton'sfirst term and ended up growing by 36% by the end of the 2000 fiscal year, the final full fiscal year of his presidency.
  • The debt grew by 12% during Bush's first 752 days and grew by 75% when the 2008 fiscal year came to a close.
  • Under Obama's first two years and change, the national debt grew by 33%, and it grew by 84% by the end of the 2016 fiscal year.
  • The debt grew 10% in Trump's first 752 days and is projected to grow by 44% by the end of the 2024 fiscal year.
percent change though feb 11Andy Kiersz/Business Insider
SEE ALSO: The US budget deficit ballooned to $779 billion this year, the highest since 2012, driven by Trump's...

 



The US national debt just pushed past $22 trillion — here's how Trump's $2 trillion in debt compares...

FYI-Deficits are for only one year. Debt is cumulative. When Obama came into the White House the national debt stood at $10 trillion dollars. When he left, the debt DOUBLED (100% increase) to $20 trillion dollars. Right now, after 2+ years, the debt stands at $22+ trillion dollars (a 10% increase in 2+ years). Just the facts!

 

https://www.usdebtclock.org/index.html

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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 49 of 65

@Fishslayer777 wrote:

How about your kids? still waiting on that one.... but I'm sure cent appreciated your answer. 


Our kids will be left to deal with the debt you're so giddy about while being saddled with college costs.  Hope you're saving up for them.

 

btw, I always "appreciate" truth....thanks for noticing.....

 

 Emotionally immature people are irresponsible with money

 

Impulsivity is one of the most noticeable emotional trait of immature people. Many times, that impulsivity is expressed in how they manage their resources, like money. So since they’re only concerned with satisfying their desires, and as fast as possible, they don’t hesitate to buy things they don’t need with money they don’t have.

 

Sometimes they take on crazy financial risks. They don’t objectively evaluate investments and have a hard time making long-term projections. Because of this, it is common for this type of person to find themselves in debt. And all of this just to satisfy their whims.

 

5 Traits of Emotionally Immature People


"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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Re: Liberals Were Very Wrong About Tax Cuts. Again.

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Message 50 of 65

@Richva wrote:

@Fishslayer777 wrote:
What does president Trump "want"?

To lower his family's tax bill and pass the costs along to the middle and lower classes.  Next question?

 

INDEED!


 


"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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