Another Record Foe Taxes and Still Spending in Deficits (Iraq, wages, middle east)

[Crossfire600]

$1,185,613,000,000: Federal Taxes Hit Record Through February; Gov

So what's the answer? Obviously we are addicted to spending. I'm for a 17% flat tax everybody pays. Problem solved until next budget cycle when they discover they have more money for entitlement programs. Food, clothing and primary homes are exempt.

Wait until Numb Nutz is out of office and all the cans he kicked down the road or created and put off so he wasn't held accountable, and I use that loosely, kick in.

[Frank DeForrest]

Nothng short of collapse will stop it.

[texdav]

Its going to take crisis of entitlements as always.

[Frank DeForrest]

Originally Posted by texdav

Its going to take crisis of entitlements as always.

And whatever happens keep up the military spending, right?

[chad3]

Originally Posted by Crossfire600

$1,185,613,000,000: Federal Taxes Hit Record Through February; Gov

So what's the answer? Obviously we are addicted to spending. I'm for a 17% flat tax everybody pays. Problem solved until next budget cycle when they discover they have more money for entitlement programs. Food, clothing and primary homes are exempt.

Wait until Numb Nutz is out of office and all the cans he kicked down the road or created and put off so he wasn't held accountable, and I use that loosely, kick in.

Your hiding history and your hiding facts.

GW Bush inherited a balanced federal budget (we had no problem with spending when Clinton was in office.)

But then GW Bush gave the richest 1% of Americans $2.5 trillion dollars in tax cuts (and this decreased our governments revenues and created deficits.)
Bush Tax Cuts After 2002: June 2002 CTJ Analysis

Then the GW Bush White House made 935 false statements about Iraq, and then invaded Iraq for nothing.
Study: Bush, aides made 935 false statements in run-up to war - CNN.com

As of 2013 the Iraq war cost US taxpayers over $2 trillion dollars, and that money was added to our deficits.
Iraq war costs U.S. more than $2 trillion: study | Reuters


GW Bush's tax cuts are still going on, and GW Bush's Iraq war is still going on. Everything was fine when Clinton was in office, and we did not have a spending problem (but today we have a tax cut for the rich and unneeded war problem.)

[chad3]

Originally Posted by Crossfire600

$1,185,613,000,000: Federal Taxes Hit Record Through February; Gov

So what's the answer? Obviously we are addicted to spending. I'm for a 17% flat tax everybody pays. Problem solved until next budget cycle when they discover they have more money for entitlement programs. Food, clothing and primary homes are exempt.

Wait until Numb Nutz is out of office and all the cans he kicked down the road or created and put off so he wasn't held accountable, and I use that loosely, kick in.

And the title of your thread complains about deficits. But when GW Bush was in office republicans said "deficits don't matter."
Bush White House to Argue That Deficits Don't Matter - WSJ
Six Years After Cheney Said 'Deficits Don't Matter,' The National Debt Hits A 50-Year High | ThinkProgress


And what's your plan to solve our current deficit problem?

In 2016 your plan is creating bigger deficits by giving tax cuts to the rich.
Rand Paul's fix for Detroit: lower taxes for the rich, more pollution & lower wages for the poor
How Presidential Candidate Ted Cruz Would Radically Increase Taxes on Everyone But the Rich | Tax Justice Blog


And your Flat Tax plan lowers taxes on the rich, raises taxes on everyone else, and decreases revenues (and that will create even bigger deficits.)
Flat Tax Will Benefit Only the Rich - US News
Study: Rick Perry tax plan would cut revenues by $1 trillion, benefit wealthy - latimes

[Old Gringo]

Still not enough to cover the expense of Dubya's lost middle east wars or his crashed economy.

[DRob4JC]

Originally Posted by Frank DeForrest

Nothng short of collapse will stop it.

Unfortunately you are most likely correct. See Argentina 2001.

[Opin_Yunated]

Originally Posted by DRob4JC

Unfortunately you are most likely correct. See Argentina 2001.

Argentina is NOT the United States. Argentina owed significant foreign-held debt.

Originally Posted by Crossfire600

$1,185,613,000,000: Federal Taxes Hit Record Through February; Gov

So what's the answer? Obviously we are addicted to spending. I'm for a 17% flat tax everybody pays. Problem solved until next budget cycle when they discover they have more money for entitlement programs. Food, clothing and primary homes are exempt.

The answer is you don't understand a thing about modern money.

The Federal debt is the total number of T-securities on international and domestic markets. Debt IS money. Federal taxes never funded Federal spending, and never will. All sovereign governments operate this way.

The Federal government spends all its money by issuing currency. It did it yesterday, it will do it today, and it will do it tomorrow. Taxes have NOTHING to do with the Federal governments "solvency."

[DRob4JC]

Originally Posted by Opin_Yunated

Argentina is NOT the United States. Argentina owed significant foreign-held debt.

Yeah - you're right. We don't have a bunch of foreign debt.