Yeah but when you account for the amount people and corporations are spending right now on insurance premiums, most tax payers will actually end up spending less. Yes, taxes go up, but nobody has to pay for insurance anymore.
Yeah but when you account for the amount people and corporations are spending right now on insurance premiums, most tax payers will actually end up spending less. Yes, taxes go up, but nobody has to pay for insurance anymore.Bernie came right out and said 'paid for by the middle class' in regards to 'free' healthcare for all. He was the only one who at least was honest about it. They can make all kinds of claims that the 'rich' will pay for it, but that is not likely to happen in the real world. The only time trickledown works is when they trickle the higher costs down to the lower wage tax payers.
Global warming is the number one priority right now, but no one is talking about that either.I've been quietly waiting for ANY candidate at ANY to address our burgeoning federal deficit. So far I've heard crickets. Without economic "freedom" and the ability to pay for all of these pie-in-the-sky programs that candidates are pushing ... how would they ever come to reality?
https://www.reuters.com/article/us-...idates-sweep-them-under-the-rug-idUSKCN1U715D
As U.S. debt, deficits mount, presidential candidates sweep them under the rug
"In four hours of debate among Democratic contenders for the U.S. presidency, the word “deficit” was never uttered and the government’s debt was mentioned only once.
The reality is that Democrats are reluctant to make a campaign issue out of one of America’s most vexing problems — the ballooning annual budget deficits and overall debt under President Donald Trump.
That’s because some of their most popular policies going into the 2020 election would present significant budget challenges of their own, including expanding Medicare health coverage and offering government help to cut college costs and reduce student debt.
While Democrats insist they have workable plans that will cover the costs of these proposals, Republicans counter that their tax-the-rich solutions are not realistic.
On their side of the political divide, Republicans are equally interested in keeping mum on the subject, having happily backed Trump’s massive tax cuts and a surge in military spending - two key drivers of the deficit blow-out - after championing fiscal conservatism for years.
By supporting Trump, many Republican lawmakers have essentially abandoned an already fading commitment to balanced budgets and cutting the national debt.
“I don’t think in this election cycle there seems to be much of an interest in addressing the issue,” lamented Senator Rob Portman, a former White House budget director.
Portman, a Republican, is seen as a hawk on government spending, although he was also a strong defender of the 2017 tax-cut law that will drive up the national debt by at least $1 trillion over 10 years.
TERMITES UNDER THE PORCH
Many economists worry rising debt will bring higher interest costs, increasing the pressure on future governments to make deep spending cuts or even causing the United States to default on its debt payments, which could wreak havoc on a global scale.
It’s like having termites underneath the porch, said Bill Hoagland, a senior vice president at the Bipartisan Policy Center, a Washington think tank focused on fiscal policy: “You step on the porch and everything’s fine... Then one day, you fall through.”
When he was running for president, Trump told The Washington Post he would pay off the national debt in about eight years. Instead, it has increased by $2.45 trillion since he took office in January 2017.
The total debt outstanding, amassed over many years of deficits, is now $22.4 trillion, its highest level ever, equal to about $68,000 of debt for every American.
The deficit has jumped from $666 billion in fiscal 2017, the final year President Barack Obama’s administration had an impact on budgets, to an expected $900 billion this year, and is projected to exceed $1 trillion a year by 2022.
“The prospect of such high and rising debt poses substantial risks for the nation,” the non-partisan Congressional Budget Office said last month in its latest long-term outlook.
With the U.S. economy expanding, inflation and unemployment low and the stock market near record levels, the government could be expected to take advantage of the strong fundamentals to reduce deficits. But the opposite is happening.
Asked about rising deficits last month, White House economic adviser Larry Kudlow last month downplayed concerns: “It doesn’t bother me right now.”"
Global warming is the number one priority right now, but no one is talking about that either.
I don't think anyone is ever going to care, or attempt to correct the problem. Right now, every single issue turns into "orange man bad", and stalls out right there.
It became obvious during the Obama administration that no one cares about the debt, no one has any intention of addressing the problem, and that we'll continue down the road to rags until we run off the cliff at the end.
I don't think anyone is ever going to care, or attempt to correct the problem. Right now, every single issue turns into "orange man bad", and stalls out right there.
It became obvious during the Obama administration that no one cares about the debt, no one has any intention of addressing the problem, and that we'll continue down the road to rags until we run off the cliff at the end.
Maybe in fantasy land where you can ride your unicorn over the rainbow so you can get your basic income pot of gold, nobody has to pay for insurance or whatever else you want to call it for their healthcare anymore,Yeah but when you account for the amount people and corporations are spending right now on insurance premiums, most tax payers will actually end up spending less. Yes, taxes go up, but nobody has to pay for insurance anymore.
Didn't the deficit shrink under Obama? Hasn't it gone up a little under Trump?
And that's just it - you can't "tax the rich" and get free college. You can tax them at 100%, it still won't equal the massive amount of money needed to pay for that shit.
The answer is always "We will tax THEM more!" - reality, math, and facts will tell you that it is simply impossible to pay for everything off the backs of rich people.
Translation: let's ruin the environment and switch back to a failed monetary system where the central government will have severely limited control over the value of money.There are enough natural resources to pay off our debt many times over. Let's go silver, gold and platinum mining, pay it all off, then go back to the gold standard. Maybe we could really have what everyone wants.
He left out 'collapse of society' between paying off our debt and the gold standard.Translation: let's ruin the environment and switch back to a failed monetary system where the central government will have severely limited control over the value of money.
never confuse him with the facts.Well that’s an interesting statement. It’s probably possible to take an order of magnitude look at what say the cost of free college would be.
Average tuition cost at a state school is ~$20,000/yr
For a quick look if we redistributed the $19.4 trillion GDP equally then each person would get just under $60K or just under $240K per family of four. That puts each household in the 95th percentile under the current distribution. Easily able to afford college and probably even health care.
Now we weren’t talking about redistributing the means of production, just taxing the rich so let’s look at that.
There are roughly 16 million or so college age students in the US. At an average tuition of $20K a year that’s a total of $330B/year.
The top 0.1% in wealth starts at $42M and ends at Jeff Bezos pre divorce $150B. A rough estimate puts the average value of wealth amongst the top 0.1% at $150M for a total of $49T in wealth
That would mean a yearly wealth tax on the top 325,000 wealthiest Americans of 0.6% would cover the entire nations cost of college tuition.
Now I may be off but even by an order of magnitude it doesn’t seem that the math makes it impossible.
That is an interesting infographic. Of the top 5 democrat candidates, their top issues are:Interesting social media data compilation and analysis by WaPo on the issues the candidates are concerned with.
https://www.washingtonpost.com/grap...020/priorities-issues/?utm_term=.9848724b1950
I'm sorry you don't understand my post.Maybe in fantasy land where you can ride your unicorn over the rainbow so you can get your basic income pot of gold, nobody has to pay for insurance or whatever else you want to call it for their healthcare anymore,
but the rest of us in the real world will bear the brunt of it through taxes, fees, co-pays, etc. unless we are the fortunate rich elite that can take advantage of our affluenza loopholes and tax/money shelters to limit or avoid paying the true costs.
Fear and doom, the republicans stock in trade.Democrats must be in a good position, Republicans want to talk about Debt again.....
Fear and doom, the republicans stock in trade.
not to mention being brown and plague carriers.Hey in their defense MS 13 members are liked to dozens of murders and account for almost 1% of the US gang population. Plus they have scary looking tattoos.
Democrats must be in a good position, Republicans want to talk about Debt again.....
That is an interesting infographic. Of the top 5 democrat candidates, their top issues are:
Biden - Climate
Warren - Health Care
Harris - Social Justice
Sanders - Balanced, but leaning to economic inequality and corporate power
Buttigieg - Balanced, but leaning to foreign policy and social justice
No no, it is Democrats that peddle fear and doom with climate change. Republicans are just not sugar coating reality for SJWs.Fear and doom, the republicans stock in trade.
I see denial makes America great again.No no, it is Democrats that peddle fear and doom with climate change. Republicans are just not sugar coating reality for SJWs.
Well, we can't raise taxes, so obviously we must take away any entitlements from the most vulnerable in our society to balance the budget. (Republicans only care when Dems are in charge).I've been quietly waiting for ANY candidate at ANY to address our burgeoning federal deficit. So far I've heard crickets. Without economic "freedom" and the ability to pay for all of these pie-in-the-sky programs that candidates are pushing ... how would they ever come to reality?
https://www.reuters.com/article/us-...idates-sweep-them-under-the-rug-idUSKCN1U715D
As U.S. debt, deficits mount, presidential candidates sweep them under the rug
"In four hours of debate among Democratic contenders for the U.S. presidency, the word “deficit” was never uttered and the government’s debt was mentioned only once.
The reality is that Democrats are reluctant to make a campaign issue out of one of America’s most vexing problems — the ballooning annual budget deficits and overall debt under President Donald Trump.
That’s because some of their most popular policies going into the 2020 election would present significant budget challenges of their own, including expanding Medicare health coverage and offering government help to cut college costs and reduce student debt.
While Democrats insist they have workable plans that will cover the costs of these proposals, Republicans counter that their tax-the-rich solutions are not realistic.
On their side of the political divide, Republicans are equally interested in keeping mum on the subject, having happily backed Trump’s massive tax cuts and a surge in military spending - two key drivers of the deficit blow-out - after championing fiscal conservatism for years.
By supporting Trump, many Republican lawmakers have essentially abandoned an already fading commitment to balanced budgets and cutting the national debt.
“I don’t think in this election cycle there seems to be much of an interest in addressing the issue,” lamented Senator Rob Portman, a former White House budget director.
Portman, a Republican, is seen as a hawk on government spending, although he was also a strong defender of the 2017 tax-cut law that will drive up the national debt by at least $1 trillion over 10 years.
TERMITES UNDER THE PORCH
Many economists worry rising debt will bring higher interest costs, increasing the pressure on future governments to make deep spending cuts or even causing the United States to default on its debt payments, which could wreak havoc on a global scale.
It’s like having termites underneath the porch, said Bill Hoagland, a senior vice president at the Bipartisan Policy Center, a Washington think tank focused on fiscal policy: “You step on the porch and everything’s fine... Then one day, you fall through.”
When he was running for president, Trump told The Washington Post he would pay off the national debt in about eight years. Instead, it has increased by $2.45 trillion since he took office in January 2017.
The total debt outstanding, amassed over many years of deficits, is now $22.4 trillion, its highest level ever, equal to about $68,000 of debt for every American.
The deficit has jumped from $666 billion in fiscal 2017, the final year President Barack Obama’s administration had an impact on budgets, to an expected $900 billion this year, and is projected to exceed $1 trillion a year by 2022.
“The prospect of such high and rising debt poses substantial risks for the nation,” the non-partisan Congressional Budget Office said last month in its latest long-term outlook.
With the U.S. economy expanding, inflation and unemployment low and the stock market near record levels, the government could be expected to take advantage of the strong fundamentals to reduce deficits. But the opposite is happening.
Asked about rising deficits last month, White House economic adviser Larry Kudlow last month downplayed concerns: “It doesn’t bother me right now.”"