The Republican tax cut adds $1.5 trillion to the debt.. How do they FIX that??
Raise taxes on the rich
Side Score: 8
|
 |
Cut Medicare and Medicaid
Side Score: 9
|
|
|
|
|
1
point
This is placed on this side as a term tax rich can have seral meanings to many people, the idea of cost without a Constitutional representation by taxation to wealth, and the importance of separation that can be made on unregistered public self-values. How to fix national debt? The object of national debt can be seen the same as all public debt. We are looking for the best rate on this costs of the expense we must face, and as a Nation, question, how to stabilize the expense for better economic growth that should be the goal. We as people are expected to be able to carry some forms of debt both foreign and domestic, to insure are Constitutional judicial impartiality. By legal cause. The size of debt itself is not the only issue being addressed here. It is our cost of debt and the many ways it can be effected by us those in an economy and those who pay taxi in that economy. Many jobs are attached to the service of National debt outside impartiality to basic constitutional separation. Many cost are also attached by people who do not pay tax at all. This does not mean they cannot share in the burdens taxpayers fact in its Notes cost. It is still in the best interests of the public to fix all cost on consumer debt, outside the norm of interest rates whenever it is possible. There are limited time when this type of solution is even be applied. Simply taking advantage of driving higher cost to increase pay only adds higher cost which formed the debt as the promise in promissory Note grows, then deregulates equality in general. The United State, by union of direct consumer cost on Federal Registered Note has not been regulated since the early 1,900’s. To spite the significant growth that has been enjoyed by this and other Nation under its axiom, this engineered balance of public cost. If we adjust the numerical value of Federal note to include Notes whose values best serve the public spending, in areas such as, wear and tear, transportation, and basic uses, the reduced cost by this move nurtures economic good fortune. This type regulation cannot be funneled as income, while the regulating cost becomes less restrictive to all those economic factors that influence industries, and services dependent on debt for their growth. As a Note: The reconfiguring of the national Debt clock to address Federal and State spending may be beneficial to a form of solution as well. The National debt clock should be counting down from the ten millions and only forward from one-hundred million and above. This is much more reflective to the numbers and how they work in any economy. Side: Raise taxes on the rich
It doesn't raise the debt by 1.5 trillion - it raises the deficit 1.5 trillion, over 10 years. That utterly skyrockets the debt. People keep failing to understand the difference - the deficit is the yearly cost of the budget beyond the income of the federal government. The actual cost, to the debt, according to the Committee for a Responsible Federal Budget is 3-7 trillion, with best estimates of 5.5 t. http://www.crfb.org/blogs/ Note: The CRFB is considered very non-biased: https://mediabiasfactcheck.com/ Trump's tax plan lowers the taxes on the rich and megacorporations, to give us this huge bump in deficit, with a little for the middle class and poor. The most dangerous possible outcome is that wealth disparity is linked with economic repression and even depression. The republicans championed lowering the deficit, until they lost their minds: Side: Raise taxes on the rich
1
point
We'll go grab Barack Obama and ask him what his plan was to cover $20 trillion of debt. But seriously, with economic growth like this it takes care of itself. If the economy tanks and it doesn't, we'll just implement liberal logic and say, we're in the same hole Obama put us in, what's another foot deeper... Side: Raise taxes on the rich
|
I will make this very simple so everyone can understand this. We are NEVER going to pay down the 20 trillion in debt, so the number going higher is irrelevant. Without the 1.5 trillion added to the debt through these tax cuts we are going to add 8.6 trillion more through too much spending. Democrats do not seem to have a problem with this, as does many Republicans. Where does all this spending come from. Medicare and Social Security mostly! The article below outlines everything you need to understand how our deficits work compared to GDP. As long as the deficit compared to GDP stays at or below 3% the US economy is fine. Only when it goes above 3% is there cause for concern. IF the tax cuts spur big economic growth, the 1.5 trillion added means nothing as long as the deficit to GDP stays at or below 3%. If the tax cuts were to NOT go through and the economy stays at its economic growth rate of 2% which it has done for a decade then we are in big trouble due to overspending on Medicare and Social Security. There is going to come a point when Congress is going to have to address these two. We simply cannot stay on the course we are on right now as baby boomers retire. The problem is neither Republicans or Democrats will touch Medicare or Social Security. Economic growth is projected at 1.9% for the next ten years, that number is simply far too low for our future spending needs. Obama could not grow the economy above 2%, so now it is Trumps turn. The tax cuts may or may not get us to the magical 3-4 percent growth that we will need to not have to make major cuts to Medicare and Social Security. However, one thing is certain, NOT doing the tax cuts will certainly keep economic growth at 2% or below for the next decade, which will eventually lead to massive cuts in Social Security and Medicare, and if we do not cut them eventually we will default. If anyone is still confused let me know, I will explain it another way. Side: Cut Medicare and Medicaid
If anyone is still confused let me know, I will explain it another way. Hello f: Oh, I understand those numbers.. But, they're NOT written in stone.. We DO have the ability to adjust them.. For example, I can explain HOW we can pay for EVERYBODY'S health coverage, and put money in the bank.. Oh, a few insurance exec's will be looking for work, but I don't owe those guys ANYTHING.. My allegiance is to my country. Wanna hear it?? excon Side: Raise taxes on the rich
Almost every economist has said that 2% economic growth is here to stay. It is very difficult to find one that believes we can return to 3-4% growth rate. This current economic "boom" is mostly due to the markets already figuring in that the tax cuts were going to happen. Another reason why the economy is doing well right now is the massive regulations that Trump is rescinding. Obama put tens of thousands of new regulations on everything. That is what stifled economic growth for the past eight years. Thankfully Trump is a business man and realizes that regulations can only hurt the economy. Sure, excon, I will like to hear what you have to say, but remember your original post had nothing to do with health insurance. This debate is about the economy, tax cuts, Social Security and Medicare. Side: Raise taxes on the rich
The idea that the number going higher is irrelevant is unbelievably dangerous and ignorant. We have to pay interest on that debt, and the debt is already higher than the GDP. The economy is growing, and that's good, and investment is good in a time like this - infrastructure (which is crumbling) for example, to keep growth moving - but that's not what's happening. As wealth inequality expands, it's worth noting that the worst income inequality may have been a factor in the great depression, and the recession we're just climbing out of - and this tax restructuring promotes income inequality like never before. I hope I don't have to explain the disaster if we actually plunge back into a recession - or even depression - as the debt spikes insanely. Side: Raise taxes on the rich
1
point
ROFLOL, THIS WILL BE THE ONLY TIME WHEN DEMOCRATS MENTION THE DEBT. The only time they mention the debt is when Republicans are in charge. When their man Obama was doubling the national debt of all Presidents before him, these same Democrats were dead silent about the debt! If Trump doubles the natonal debt, I will also be screaming how terrible he was on controlling that debt. Gee, why do I ban these Leftwing hypocrites? Excon, you have to be working for the Democrat party. No one could be that blind. Side: Cut Medicare and Medicaid
Excon, you have to be working for the Democrat party. No one could be that blind. Hello From: Before I'm a liberal or a right winger, I'm a businessman.. Like any good right winger, I believe in investment.. But, it's ONLY an investment if you get a return on your money.. For example, investing in education for EVERYBODY would return a benefit for EVERYBODY.. Investing in infrastructure would benefit EVERYBODY.. Giving right wing donors a gift isn't an investment. It's a gift.. Because they're going to take it and give you the finger.. How do I know this? The stock market has hit 25 NEW highs this year.. Corporations are AWASH with cash.. Well, when you're ALREADY making as much money as you can, that means you're at FULL capacity. Even IF you hired more people, you can't sell any more.. Selling MORE requires increased demand, and giving tax cuts to the rich doesn't do anything to increase demand.. In true right wing fashion, I BELIEVE that good investments PAY for themselves.. excon Side: Raise taxes on the rich
1
point
In true deception, YOU STILL DECEIVE and say the trump Tax bill is for the Rich. READ MY LAST DEBATE ON THE TAX BILL. READ THE FACTS. THIS IS A TAX CUT FOR THE MIDDLE AND LOWER CLASS AND WE WILL SPEND THAT MONEY ON OUR ECONOMY. IT WILL CREATE JOBS! Tax cuts have always proven to get good returns on investment. Now when the big spending politicians stop wastng our money, then we wil get that debt down. Side: Cut Medicare and Medicaid
1
point
First of all, the increase in our GDP will hopefully pay for it, and if it does not, our Government will finally have to start CUTTING EXCESSIVE SPENDING! Newsflash, money does not grow on trees, and a corrupt big spending Government can not keep taxing Americans to buy votes. They must cut spending across the board! Democrats always refuse to cut even the rate of growth of social programs. WE MUST CUT SPENDING ACROSS THE BOARD! Side: Cut Medicare and Medicaid
You really have no clue that he cut the deficit dramatically, do you? That we had a deficit of over 1.4 trillion when he assumed presidency, and 666 billion in 2017? (it was even lower for a while) You completely missed that Bush jr doubled the debt after being left with a balanced budget, and Reagan literally tripled the debt. Did you know that? Side: Raise taxes on the rich
|
