The Fall f the United States, The End

[Alan Roehrich]

Originally Posted by Eddies66

Seriously, Didn’t hear a single Republican complain when Trump “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

WRONG. The Trump tax cuts created RECORD tax revenue for the federal government, through at least the first year of the Biden crime spree, err, administration, and at least well into the second, despite the pandemic, that the tax payers paid for in advance, with the government illegally funding gain of function research in Wuhan. Interesting the timing of it "escaping" from that lab. And let's not forget that the democrats gleefully jumped on board for all of the "pandemic" spending, and continued it well into 2023, long after Trump left office.

[Eddies66]

Originally Posted by Alan Roehrich

WRONG. The Trump tax cuts created RECORD tax revenue for the federal government, through at least the first year of the Biden crime spree, err, administration, and at least well into the second, despite the pandemic, that the tax payers paid for in advance, with the government illegally funding gain of function research in Wuhan. Interesting the timing of it "escaping" from that lab. And let's not forget that the democrats gleefully jumped on board for all of the "pandemic" spending, and continued it well into 2023, long after Trump left office.

The theory of supply-side economics says the growth from tax cuts is enough to replace the tax revenue lost if the tax rate is above 50% of income. When tax rates are lower, the cuts worsen the national debt without boosting growth enough to replace lost revenue. Reagan and Trump used it and both increased the national debt. Under Trump (2015-2020) the Debt to GDP ratio went from 100% to 129%

[SStockDart]

Biden! "God save the Queen"
This guy belongs in a nursing home.

[Alan Roehrich]

Originally Posted by Eddies66

The theory of supply-side economics says the growth from tax cuts is enough to replace the tax revenue lost if the tax rate is above 50% of income. When tax rates are lower, the cuts worsen the national debt without boosting growth enough to replace lost revenue. Reagan and Trump used it and both increased the national debt. Under Trump (2015-2020) the Debt to GDP ratio went from 100% to 129%

Still wrong. Record revenue is record revenue. The tax cuts created record revenue. If spending outpaces that record revenue, it's the spending that causes debt, not the tax cuts. And spending outpaced revenue, in both cases. It does not matter how high tax rates or revenue are, if spending outpaces the revenue. And in the modern era, it almost always does.


Spending is a problem for both sides. Almost the entire debt can be attributed to the entitlements created by the "war on poverty", which is an abject failure. People cannot be bought out of poverty. Like lottery winners, people who get free money to buy them out of poverty are broke again almost immediately. They're not broke because they can't make money, they're broke because they won't make money and won't manage money.

[SStockDart]

Talk about spending.....January 2022 thru January 2023, Bidens and friends have contributed $46.6bn to the Ukraine war effort. Walmart, the world's largest retailer paid $7.72bn in taxes. (I'm not saying that amount is good or bad) So, we have given Ukraine 6 times the US tax income from our largest retailer. Doesn't sound very smart to me.

[Mark Yacavone]

What, 247 years now? I figure we're on borrowed time as far as great civilizations go..
When the politicians figure out that they can buy votes by transferring money from those who earn it to those that don't or won't, that's the the beginning of the death spiral, sorry to say.

[Mike Jones]

250 years is a great run for a nation. There have been few that went longer.
In school, I never understood how a nation with military might and all the money, could fail. It's happening right before my very eyes!

[Carguy49]

There have been 4 shootings/deaths, that I know of, this last weekend in the Pacific Northwest.

One at a restaurant in Redmond Washington, One at the Alderwood Mall near Lynwood, Washington, One at the Safeway just 3 miles from my home, and one at The Gorge, an outdoor amphitheater near George, Washington, actually at the campground near the venue. I am sure there many more and I am sure that you all could relate more that are close to you.

WHAT is going on in this country that I LOVE????? I FEAR for the worst, but PRAY DAILY for the best. May God help this country before it is too late.

It is going to take a MIRACLE and when we all unite and PRAY it will happen.

[Eddies66]

Originally Posted by Alan Roehrich

Still wrong. Record revenue is record revenue. The tax cuts created record revenue. If spending outpaces that record revenue, it's the spending that causes debt, not the tax cuts. And spending outpaced revenue, in both cases. It does not matter how high tax rates or revenue are, if spending outpaces the revenue. And in the modern era, it almost always does.


Spending is a problem for both sides. Almost the entire debt can be attributed to the entitlements created by the "war on poverty", which is an abject failure. People cannot be bought out of poverty. Like lottery winners, people who get free money to buy them out of poverty are broke again almost immediately. They're not broke because they can't make money, they're broke because they won't make money and won't manage money.

So where did all this "record revenue" come from? The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Per the Constitution of the United States, Article I, Section 8. If corporate taxes are reduced, what does that leave to pay the rest?



I totally agree that the government spends way beyond it's means, I am for a flat tax with no deductions. I would also like to see a budget passed on time, the Federal Fiscal Year ends September 30. This year they were working on it in June. I would like to see something that was implemented here in California. If the budget goes past the due date the Assembly does not get paid.


You and I are on the same page with regards to spending, it is out of control.

[Alan Roehrich]

Originally Posted by Eddies66

So where did all this "record revenue" come from? The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Per the Constitution of the United States, Article I, Section 8. If corporate taxes are reduced, what does that leave to pay the rest?



I totally agree that the government spends way beyond it's means, I am for a flat tax with no deductions. I would also like to see a budget passed on time, the Federal Fiscal Year ends September 30. This year they were working on it in June. I would like to see something that was implemented here in California. If the budget goes past the due date the Assembly does not get paid.


You and I are on the same page with regards to spending, it is out of control.

The record revenue comes from a healthy and growing economy. It's obvious. Look up the numbers. The tax rate being reduced does not necessarily reduce revenue, and in fact, reducing the tax rate, encouraging spending, investment, and production, usually increases the amount of revenue. Excessive taxation serves only to stagnate the economy, and discourage investment, production, and growth. It's a simple matter of human nature. That which you penalize is reduced. Taxation penalizes the creation of wealth. Excessive taxation kills it.