CBO analysis of new tax bill, $100k+ earner gets big cuts, poorer earner will tax more after bill

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bshole

Diamond Member
Mar 12, 2013
8,315
1,215
126
yep, so Obama was handed a pile of garbage, and Cons wouldve spent just as much or more for bailouts. its not like thos was the first time shoddy investors were bailed.

Yea the choices were to bail us out of GW's mess through deficit spending or let the entire infrastructure collapse. I was for that deficit spending because it was BLATANTLY obvious the catastrophic harm that would occur without it.
 
Reactions: DarthKyrie
Nov 30, 2006
15,456
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Fair enough. I'll go on record that I've come to the conclusion that deficits and debt don't matter. Neither side gives a shit about the deficit when they are in power so why should I. As a matter of fact, I hope that I can get even more of my money back. I've become a CEO...of me....and it's my duty to get as much of my money back as I can, and that includes keeping those bastard's hands off of MY entitlements that I've spent my working life paying into.
Watch out...you're getting almost as jaded as I am!
 
Nov 30, 2006
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Yea the choices were to bail us out of GW's mess through deficit spending or let the entire infrastructure collapse. I was for that deficit spending because it was BLATANTLY obvious the catastrophic harm that would occur without it.
And it's just too fucking bad we weren't smarter about where we spent the money. /s
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
It always boils down to rationalization...one has to shove a handful of their own liberal shit in front of their face before they reluctantly admit 'yeah we shit' but then immediately rationalize it away by saying 'but your shit stinks worse'. Both parties are hypocritical as hell and this kind of horseshit rationalization is lost on me.

Trump love does that to a person. I mean, he grabbed you by the pussy & you just swooned. Couldn't help yourself, really, because he's just sooo dreamy...
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Fair enough. I'll go on record that I've come to the conclusion that deficits and debt don't matter. Neither side gives a shit about the deficit when they are in power so why should I. As a matter of fact, I hope that I can get even more of my money back. I've become a CEO...of me....and it's my duty to get as much of my money back as I can, and that includes keeping those bastard's hands off of MY entitlements that I've spent my working life paying into.

Atta boy. Now you get it.
 

bshole

Diamond Member
Mar 12, 2013
8,315
1,215
126
Fair enough. I'll go on record that I've come to the conclusion that deficits and debt don't matter. Neither side gives a shit about the deficit when they are in power so why should I. As a matter of fact, I hope that I can get even more of my money back. I've become a CEO...of me....and it's my duty to get as much of my money back as I can, and that includes keeping those bastard's hands off of MY entitlements that I've spent my working life paying into.

Um good luck with that. The Republicans are going to do serious damage to healthcare/ss/etc... I would expect them to start pushing hard for that right after the next midterms.
 
Reactions: DarthKyrie

bshole

Diamond Member
Mar 12, 2013
8,315
1,215
126
And it's just too fucking bad we weren't smarter about where we spent the money. /s

ME? I wasn't the fucking banker writing 50 year interest only loans under deregulation.... that would be the billionaire class that I helped bail out. The same class that I will be bailing out in another 4 years or so when the check for this shitshow comes due.

Your side is all about socializing losses and privatizing gains. If it were up to me I would break up every one of the monopolistic predators in America (banks/isps/pharmas). No company should be allowed to grow to the size that they cannot be allowed to fail for fear of taking the entire country with them.
 

yllus

Elite Member & Lifer
Aug 20, 2000
20,577
432
126
Fair enough. I'll go on record that I've come to the conclusion that deficits and debt don't matter. Neither side gives a shit about the deficit when they are in power so why should I. As a matter of fact, I hope that I can get even more of my money back. I've become a CEO...of me....and it's my duty to get as much of my money back as I can, and that includes keeping those bastard's hands off of MY entitlements that I've spent my working life paying into.
Better gear up - they're coming for Social Security in 2018.
 
Nov 30, 2006
15,456
389
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ME? I wasn't the fucking banker writing 50 year interest only loans under deregulation.... that would be the billionaire class that I helped bail out. The same class that I will be bailing out in another 4 years or so when the check for this shitshow comes due.

Your side is all about socializing losses and privatizing gains.
Most of the corporate bailout money was paid back. But by saying 'we' I meant our government and how they wasted so much of the stimulus money.
 

fleshconsumed

Diamond Member
Feb 21, 2002
6,485
2,362
136
I guess I'm going to buy US index funds and hold for what, a year? How long exactly until this destroys your middle class?
Depends on the final version of the bill. If cuts to corporate taxes go into effect in 2019, I would expect the party to last until mid 2019 through mid 2020. Possibly a little longer. It gets dicey after that. That's of course just my personal opinion.
 

Engineer

Elite Member
Oct 9, 1999
39,234
701
126
Better gear up - they're coming for Social Security in 2018.

No doubt. I'm sure Ryan, Rubio and others are foaming at the mouth. I'm sure it will be "OMG....the deficit and debt are too high and we can't maintain it. We can't cut enough discretionary spending to pull it in so we need entitlement reform to fix it and now. Oh, and we will not harm anyone 'currently on these things'....just future applicants (so we can still get old people's votes **snicker**).
 

deathBOB

Senior member
Dec 2, 2007
566
228
116
Sorry, to clarify, isn't the idea to spend more when times are good across the nation, in order to take advantage of the momentum? Or are you supposed to restrict spending to nestegg/pay down debts during that timeframe? I thought curtailing spending stifled growth.

The opposite. Borrow during downturns and pay back when everything is going well. Even out the ups and downs to get steady growth.
 
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bshole

Diamond Member
Mar 12, 2013
8,315
1,215
126
Most of the corporate bailout money was paid back. But by saying 'we' I meant our government.

Well the blame largely lies with Clinton and Bush for allowing deregulation. Trump has gone the route of deregulation on steroids so the crash we have coming will probably make the Bush crash look mild. This time around, the deficit spending will have to be done in the face of massive debt and will threaten American currency and credit. I expect the American empire to fall conclusively at that point. I think we are past redeemable. We are an oligarchy and the only people with any effect on the political process have more than a billion dollars in their bank account. Oligarchies go the route of Russia and that is America's course.
 
Nov 30, 2006
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You're with him on this tax bill which is a giveaway to America's wealthiest. It's basically looting the Treasury.
The corporate rate needed to the reduced...even Obama admitted that 35% was a problem. However, I do think 20% is too low.
 
Last edited:
Jan 25, 2011
16,634
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The corporate rate need to the reduced...even Obama admitted that 35% was a problem. However, I do think 20% is too low.
I'm curious to see what happens to the billion dollar companies who were getting back money each year having a negative effective tax rate. Will that negative rate get bigger.
 
Reactions: DarthKyrie

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
So I guess if you could, you would turn back the ACA? Because all that did is line the pockets of big pharma and insurance companies.

Bullshit. It provided affordable coverage to 20M Americans who wouldn't have had it otherwise & would provide the same to millions more had the Medicaid expansion been universal.
 
Nov 30, 2006
15,456
389
121
Well the blame largely lies with Clinton and Bush for allowing deregulation. Trump has gone the route of deregulation on steroids so the crash we have coming will probably make the Bush crash look mild. This time around, the deficit spending will have to be done in the face of massive debt and will threaten American currency and credit. I expect the American empire to fall conclusively at that point. I think we are past redeemable. We are an oligarchy and the only people with any effect on the political process have more than a billion dollars in their bank account. Oligarchies go the route of Russia and that is America's course.
It's all so simple for you...so sadly simple. But perhaps you are right...but I'll grant myself a mercy and hope you're wrong, very wrong.
 

deathBOB

Senior member
Dec 2, 2007
566
228
116
The corporate rate need to the reduced...even Obama admitted that 35% was a problem. However, I do think 20% is too low.

Lowering the corporate rate is fine. The issue is lowering without a corresponding adjustment in individual rates to account for the inequitable results from lowering corporate rates (i.e., massively favors the wealthy).

Hell we could get rid of them if people were willing to stomach the jump in individual rates that would be required, but I don’t think that’s politically tenable.
 

K1052

Elite Member
Aug 21, 2003
46,831
34,770
136
Anybody tired of winning yet? lol

My head hurts from trying to follow what congress is doing since it keeps changing minute to minute and several tax reporters I follow appear to be on the verge of mental breakdowns.

I think the only people doing the winning so far are the lobbyists and their clients.
 
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