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Trump’s budget really could make America great again. Will Congress allow him to do it?
Topic Started: May 22 2017, 06:45 PM (401 Views)
Copper
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Shortstop

If they can reduce the debt then I don't care if someone who worked there for a few weeks talked to some Russians.

Full disclosure, I have talked to Russians.


http://www.foxnews.com/opinion/2017/05/22/trump-s-budget-really-could-make-america-great-again-will-congress-allow-him-to-do-it.html

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Trump’s budget really could make America great again. Will Congress allow him to do it?

Most presidents’ budgets are “dead on arrival” in Congress. It happened to Obama and Bush, and there are those who hope it happens to President Donald Trump.

That would be a huge mistake.

President Trump is submitting a budget that balances in ten years, making many of the tough choices to get the nation’s finances back on track without touching Social Security or making changes to Medicare beyond rooting out fraud.

Every GOP Member of Congress ran on limiting the size and scope of government, and bemoaning the ever-increasing national debt and the impact it will have on our children’s economic future must be part of Republican candidate training schools.

The truth is that in spite of all the political rhetoric, the Obama presidency, with the agreement of Congress, has left our nation $20 trillion in debt with $500 billion-plus annual deficits for as far as the eye can see. Interest due on the $20 trillion amounts to almost $500 billion annually in interest payments alone, and if left unchecked, those payments are projected to top $1 trillion within the next ten years.

Our nation must get our fiscal house in order now, or else we may never have another opportunity, and President Trump has provided a pathway to bring our nation back from the brink of insolvency. The GOP Congress should work closely with him to bring their joint visions of our nation’s economic priorities into law.

The hard fact is that the past decade’s $10 trillion in deficit spending has produced the worst economic growth as measured by Gross Domestic Product in our nation’s history. You read that right, in the past decade our nation’s economy grew slower than even during the Great Depression. This stagnant, new normal, low-growth economy is leaving millions of working age people behind who have given up even trying to participate, and has led to a malaise where many doubt that the American dream is attainable.

President Trump’s vision restores economic growth to a three percent rate on average — a rate that has not been reached since 2005 – through a combination of regulatory and tax reform, revamped trade policies, and a downsized effective federal government focusing on job growth priorities.

The White House Office of Management and Budget (OMB) Director Mick Mulvaney described this shift in government spending focus in an on-the-record conference call Monday as, “looking through the lens of the taxpayer.”


The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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Steve Miller
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Not sure how great it will make America, but it will cut your taxes and turbocharge the deficit.

Some guys like that.
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Copper
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Steve Miller
May 22 2017, 06:46 PM
Not sure how great it will make America, but it will cut your taxes and turbocharge the deficit.

Some guys like that.
It says the budget will be balanced in 10 years.

That's great.

It could be greater, but it is so much better than recent years.
The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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Steve Miller
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Copper
May 22 2017, 07:00 PM
Steve Miller
May 22 2017, 06:46 PM
Not sure how great it will make America, but it will cut your taxes and turbocharge the deficit.

Some guys like that.
It says the budget will be balanced in 10 years.

That's great.

It could be greater, but it is so much better than recent years.
Do you believe it?
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Copper
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It's numbers, you can add them up, it's pretty scientific.

Will it really happen as written? No.

But it is at least a try. If they never try it will never happen.

The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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Larry
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Mmmmmmm, pie!
Steve Miller
May 22 2017, 07:29 PM
Copper
May 22 2017, 07:00 PM
Steve Miller
May 22 2017, 06:46 PM
Not sure how great it will make America, but it will cut your taxes and turbocharge the deficit.

Some guys like that.
It says the budget will be balanced in 10 years.

That's great.

It could be greater, but it is so much better than recent years.
Do you believe it?
Steve, what it is that you don't understand about how money works?
Of the Pokatwat Tribe

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Steve Miller
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Copper
May 22 2017, 07:43 PM
It's numbers, you can add them up, it's pretty scientific.

Will it really happen as written? No.

But it is at least a try. If they never try it will never happen.

Fair enough. How do you feel about the "trickle down" component?

It's never worked before...
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Larry
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Mmmmmmm, pie!
Says who?
Of the Pokatwat Tribe

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Steve Miller
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Larry
May 22 2017, 08:07 PM
Says who?
Google. "Kansas".
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Larry
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Kansas is a state.

"Trickle down" is a term thought up by brain dead liberals to disparage Reagan, and is not now and never has been an actual economic term. But it gave you leftwing sheep a pavlovian "bell" to ring any time anyone talks about cutting taxes, and not a damned one of you leftwing nutjobs have a f*cking clue how economics work. That term alone is all the proof anyone needs to see that.
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Steve Miller
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Larry
May 22 2017, 08:11 PM
Kansas is a state.

"Trickle down" is a term thought up by brain dead liberals to disparage Reagan, and is not now and never has been an actual economic term. But it gave you leftwing sheep a pavlovian "bell" to ring any time anyone talks about cutting taxes, and not a damned one of you leftwing nutjobs have a f*cking clue how economics work. That term alone is all the proof anyone needs to see that.
No, seriously. Google "Kansas".

Everything you need to know is right there.
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Larry
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Here Steve, this will explain economics to you:


https://www.youtube.com/watch?v=IYRwpgrUcpw
Of the Pokatwat Tribe

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Larry
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Mmmmmmm, pie!
Oh - and I googled "Kansas"....

I think if you actually delve into it, the last thing you will want to do is point to "kansas"...

hahahahahahahahahahahahahaaaaaaa
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Steve Miller
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Ok, let's work with this. 'Splain me like a 3 year old.

Can you point me to a single instance where Mr. Laffer's theory has been proven out in fact?
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Larry
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Yes. I'll do better than that - I'll give you a video to watch that explains how and why it works. It's on a 3 year old level so that democrats can understand it.


https://www.youtube.com/watch?v=FqLjyA0hL1s
Of the Pokatwat Tribe

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Larry
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Mmmmmmm, pie!
Democrats are conditioned to ridicule the Laffer Curve, but they don't understand why, and they don't understand that even leftwing economists admit it's correct.
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Steve Miller
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Real world. Not theory.

Has it ever worked?
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Horace
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Has what ever worked? What does "laffer's theory" prescribe? When was it tried, and by what measure did it fail?
As a good person, I implore you to do as I, a good person, do. Be good. Do NOT be bad. If you see bad, end bad. End it in yourself, and end it in others. By any means necessary, the good must conquer the bad. Good people know this. Do you know this? Are you good?
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Larry
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Damn Steve, are you that thick?

Figure this out for yourself Steve, it's really quite simple:

This is the Laffer Curve

1. If you don't tax anyone at all, how much tax revenue is generated: (Answer: None)
2. If you tax everyone at 100%, how much tax revenue is generated: (Answer: none, because if no one has any money, you're taxing 100% of nothing)

The Laffer curve is simply a line showing where revenue begins to drop as tax rates rise.

Yes Steve, it has "worked". It's working right this very minute. It has worked every second of every day since the very first tax dollar anywhere on the planet was taken from someone.

Jesus.
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Horace
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HOLY CARP!!!
We're doing some heavy duty economics tonight on TNCR. I remember that hurtful joke about how if you stacked every economist end to end, they still wouldn't reach a conclusion. Well, it's not funny, and now, here tonight on TNCR, we've finally put that bit of "humor" to rest.
As a good person, I implore you to do as I, a good person, do. Be good. Do NOT be bad. If you see bad, end bad. End it in yourself, and end it in others. By any means necessary, the good must conquer the bad. Good people know this. Do you know this? Are you good?
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Larry
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Mmmmmmm, pie!
Steve apparently thinks the laffer curve is an economic theory the way capitalism, socialism, and communism are economic theories. That's because he drinks the democrat koolaid, and doesn't understand what the laffer curve is.

You start with two indisputable facts:

1. If you don't tax anyone, you will not have any tax money.
That is an obvious fact.

2. If you tax everyone at 100%, take all their money in taxes, once you've cleaned them out, you will not collect another cent in taxes. You cannot take 100% of nothing.
That is an obvious fact.

All the Laffer Curve is is a mathematical formula for attempting to arrive at the point of diminishing returns, in other words, at what point does increasing the tax rate another percentage point cause revenue to begin dropping - and it WILL drop after a certain point, because item # 2 is an indisputable fact.

It is *not* "trickle down economics", there's no such thing as "trickle down economics". There's just democrat bullsh!t swallowed whole by gullible fools.
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Steve Miller
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Horace
May 22 2017, 08:49 PM
Has what ever worked? What does "laffer's theory" prescribe? When was it tried, and by what measure did it fail?
You need to know that to have the conversation.

Arthur Laffer says that if you cut taxes at the top the result will be increased economic activity that covers the budget shortfall and more. He's full of **** as far as I can tell - Kansas tried it and now they can't pay their teachers.

Larry will be allong shortly however, and he will offer up real world examples where Mr. Laffers theory saved the day. He's resourceful, that Larry. I've yet to find a single
Example where it works.
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Larry
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Quote:
 
I've yet to find a single
Example where it works.


That's because you don't know what you're looking for.




Edited by Larry, May 22 2017, 09:05 PM.
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Steve Miller
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Larry
May 22 2017, 09:01 PM
Steve apparently thinks the laffer curve is an ecomonic theory the way capitalism, socialism, and communism are economic theories. That's because he drinks the democrat koolaid, and doesn't understand what the laffer curve is.

You start with to undisputable facts:

1. If you don't tax anyone, you will not have any tax money.
That is an obvious fact.

2. If you tax everyone at 100%, take all their money in taxes, once you've cleaned them out, you will not collect another cent in taxes. You cannot take 100% of nothing.
That is an obvious fact.

All the Laffer Curve is is a mathematical formula for attempting to arrive at the point of diminishing returns, in other words, at what point does increasing the tax rate another percentage point cause revenue to begin dropping - and it WILL drop after a certain point, because item # 2 is an indisputable fact.

It is *not* "trickle down economics", there's no such thing as "trickle down ecomonics". There's just democrat bullsh!t swallowed whole by gullible fools.
I'm a contractor, Larry. I'm not big on theory.

The wall stands, the wall falls. The house is good, the house is ****.
The guy shows up and does his work, the guy does not.

I have to only one question.

Has there ever been a case, anywhere, where cutting taxes resulted in a net tax ncrease in revenue to the government? Anywhere? Any government? Jesus, anything to give credence to what Laffer says?

I want see it, seriously. God knows I like lower taxes.

Save me Larry. I'm counting on you.
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Horace
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http://money.howstuffworks.com/trickle-down-economics4.htm

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Wealthy members of society who'd enjoyed the low marginal tax rates of the 1920s would see a dramatic reversal in the next 20 years. During the Depression and World War II, the top marginal rate rose to more than 90 percent [source: Laffer]. Enter John F. Kennedy, who was sympathetic to the idea behind supply-side economics (recall his "rising tide" comment). He argued that lowering taxes increases tax revenue, creates jobs and increases profits [source: Nugent]. His tax cuts didn't pass until after he was assassinated, but Laffer argues that they had the positive effect on the economy that Kennedy had hoped for. Others say that the cuts hurt the gross national product (GNP) growth and resulted in rising unemployment [source: Friedman].


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Trickle-down economics remains highly controversial. Recently, George W. Bush faced harsh criticism for his tax cuts. Despite staunch political opponents to trickle-down policies, some maintain that the general consensus among economists today is that the theory works [source: Bartlett]. Nevertheless, you'll still find plenty of controversy surrounding trickle-down economics among politicians. Many, including Barack Obama, contend that it failed. During a hurting economy, Obama won the support of voters by promising to tax the wealthy and ease the tax burden on the lower-income bracket. So as of 2008, the tide of public opinion certainly shifted away from supply-side thinking yet again. Time will tell if opinion will shift back again.


There ya go. It totally works, QED.
As a good person, I implore you to do as I, a good person, do. Be good. Do NOT be bad. If you see bad, end bad. End it in yourself, and end it in others. By any means necessary, the good must conquer the bad. Good people know this. Do you know this? Are you good?
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