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Old Today, 07:14 PM
 
Location: Rutherfordton,NC
14,944 posts, read 9,244,842 times
Reputation: 9979

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After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.

"It's disappointing, but it's not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "it's a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015.

New Treasury Department analysis on Monday revealed that corporate tax cuts had a significant impact on the deficit this year. Federal revenue rose by 0.04 percent in 2018, a nearly 100 percent decrease on last year's 1.5 percent. In fiscal year 2018, tax receipts on corporate income fell to $205 billion from $297 billion in 2017.

https://www.newsweek.com/deficit-bud...lement-1172941

I have to that the look Trump is giving Mitch says your my B****h
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Old Today, 07:23 PM
 
Location: Pyongjang
5,674 posts, read 2,396,627 times
Reputation: 3865
Cuts are required to end the immoral practice of stealing money via taxation.
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Old Today, 07:25 PM
Status: "Quo Fata Farunt" (set 26 days ago)
 
Location: Self explanatory
11,885 posts, read 5,035,096 times
Reputation: 15900
That'll go over like a pregnant pole vaulter.
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Old Today, 07:40 PM
 
7,487 posts, read 2,702,880 times
Reputation: 2953
Quote:
Originally Posted by mightleavenyc View Post
Cuts are required to end the immoral practice of stealing money via taxation.
Immoral is not being your brothers keeper.
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Old Today, 07:49 PM
 
Location: NJ
17,073 posts, read 11,930,861 times
Reputation: 10991
Quote:
Originally Posted by vacoder View Post
Immoral is not being your brothers keeper.
so that means you must pull over to let some guy by who is exceeding the speed limit or do you make him go around you in an act to not condone his dangerous speeding?


Look, you take one Harvard economic guru who swears to one outcome and his classmate who swears to the opposite outcome. Economics is art more than science.


All the media sponsored economic go to guys told us Trump could not do what he did.


Passing the buck is what it is all about, unless the buck lands in the government coffers, where it is squandered, wasted, legally stolen, lost to fraud.


Stunning to hear that a tax cut is a bad thing.
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Old Today, 07:52 PM
 
7,487 posts, read 2,702,880 times
Reputation: 2953
Quote:
Originally Posted by Kracer View Post
so that means you must pull over to let some guy by who is exceeding the speed limit or do you make him go around you in an act to not condone his dangerous speeding?


Look, you take one Harvard economic guru who swears to one outcome and his classmate who swears to the opposite outcome. Economics is art more than science.


All the media sponsored economic go to guys told us Trump could not do what he did.


Passing the buck is what it is all about, unless the buck lands in the government coffers, where it is squandered, wasted, legally stolen, lost to fraud.


Stunning to hear that a tax cut is a bad thing.
The optimal word was immoral. How taxes affect your personal satisfaction does not qualify as immoral.
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Old Today, 07:54 PM
 
Location: Pyongjang
5,674 posts, read 2,396,627 times
Reputation: 3865
Quote:
Originally Posted by vacoder View Post
The optimal word was immoral. How taxes affect your personal satisfaction does not qualify as immoral.
Theft is immoral. How are you debating this? I earn money. Government steals it.
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Old Today, 07:56 PM
 
7,487 posts, read 2,702,880 times
Reputation: 2953
Quote:
Originally Posted by mightleavenyc View Post
Theft is immoral. How are you debating this? I earn money. Government steals it.
You characterize it as theft. Watching your brother die because you refused to share is far more immoral.

And give to God what belongs to God and give to Caeser what belongs to Caeser. Even Christ was cool with taxes.
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Old Today, 07:57 PM
 
Location: Pyongjang
5,674 posts, read 2,396,627 times
Reputation: 3865
Quote:
Originally Posted by vacoder View Post
You characterize it as theft. Watching your brother die because you refused to share is far more immoral.
Usually it's because he smoked for 30 years and lived on his couch eating Doritoes. He's not my brother either.
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Old Today, 07:58 PM
 
469 posts, read 96,195 times
Reputation: 590
Quote:
Originally Posted by vacoder View Post
You characterize it as theft. Watching your brother die because you refused to share is far more immoral.

And give to God what belongs to God and give to Caeser what belongs to Caeser. Even Christ was cool with taxes.
What exactly is a 'brother'?
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