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Will_I_Wynn

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Reply with quote  #391 
Every President leads over a growing economy with growing tax revenues.  Unfortunately, there are occasional and tragic events resulting in a near complete collapse before we start growing again.  A President can't stop an economy from growing but he/she can contribute to a huge hiccup.
__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

TheNarrator

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Posts: 9,726
Reply with quote  #392 
So is that a yes?

It's becoming increasingly tough to pin you down on answers, kind of like a former poster on this forum
uwApoligist

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Posts: 18,486
Reply with quote  #393 
Quote:
Originally Posted by TheNarrator
So is that a yes?

It's becoming increasingly tough to pin you down on answers, kind of like a former poster on this forum

hehe

__________________
"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

spazsdad

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Posts: 9,371
Reply with quote  #394 
CBO boosts US job growth projections by 2.6 million, directly attributing 1.1 million of that number to the #TaxReform law that was opposed by every Democrat in Congress.

#crumbs
Will_I_Wynn

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Reply with quote  #395 
The CBO projects there will be 156.8 million jobs in America in ten years.  They say it would have been 155.7 million jobs without the tax cuts.  If we put money into the hands of consumers, there's no doubt the economy receives a boost.  What we don't know for certain is the harmful effects of the added debt, particularly on those Americans to follow.  We saw in 2008 how fast those jobs can disappear in a recession.  In addition, one can only guess what effects the future huge interest debt will have on jobs and/or quality of life for those who inherit it.

If we promise our children an extra grand a month, we might be better able to predict their improved position down the road.  At the same time, it might be tougher to predict our own financial position.

__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

TheNarrator

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Posts: 9,726
Reply with quote  #396 
Predictable response to anything good happening with the economy.
Will_I_Wynn

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Posts: 6,701
Reply with quote  #397 
I don't want to borrow money from future generations to pay for my quality of life.  Today's society should pay it's own way.  We were there in 1999 and we should have remained that way.  Instead we gave ourselves tax cuts, fought wars, invested in defense, and paid the bill with other peoples money.  We should have never allowed a tax cut unless it created no growth in the deficit.  We should have raised the funds to fight our own wars.  The GOP thought if the revenue wasn't there, spending would disappear too.  They were completely wrong and I think they knew they would be wrong.
__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

keepinitreal

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Posts: 33,936
Reply with quote  #398 
Why does Duaine hate job growth with trump but with obama he posted regularly about UE numbers?  The readers deserve to know why Duaine is so partisan.  Why he no likey jobs?  How many illegals does the widget company hire?
__________________

Shut up doofus. Not talking to you. 
 
keepinitreal

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Posts: 33,936
Reply with quote  #399 
Quote:
Originally Posted by Will_I_Wynn
I don't want to borrow money from future generations to pay for my quality of life.


I don't want to pay for current generations to breed and not be able to feed, I don't want to pay people not to work, so I guess we can't always get what we want.  Join the crowd Duaine, just quit whining about it so much

__________________

Shut up doofus. Not talking to you. 
 
uwApoligist

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Posts: 18,486
Reply with quote  #400 
Quote:
Originally Posted by Will_I_Wynn
We should have never allowed a tax cut unless it created no growth in the deficit.

Let's do cuts now and get things right.

__________________
"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

uwApoligist

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Posts: 18,486
Reply with quote  #401 
Kroger CEO says taxcuts are allowing them to raise their minimum wage and invest millions in education benefits.



__________________
"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

TheNarrator

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Posts: 9,726
Reply with quote  #402 
We should have never allowed a tax cut without a requisite cut in spending.
Will_I_Wynn

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Posts: 6,701
Reply with quote  #403 
Precisely.
__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

spazsdad

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Posts: 9,371
Reply with quote  #404 
Quote:
Originally Posted by Will_I_Wynn
The CBO projects there will be 156.8 million jobs in America in ten years.  They say it would have been 155.7 million jobs without the tax cuts.


Do you ever not lie Dewey. CBO said revised upward 2..6 million and you come here with your bull schit numbers showing only 1.1 million.
You are such a pathetic weak old man. All you have in your life is coming here posting one lie after another to try and cover up the failure of your party and their policies.
Will_I_Wynn

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Posts: 6,701
Reply with quote  #405 
"The Congressional Budget Office (CBO) now projects 156.8 million jobs in America by year-end 2027—2.6 million more jobs than in its June 2017 Budget and Economic Outlook. CBO attributes an average of 1.1 million additional jobs over the next 10 years due to the recently enacted Tax Cuts and Jobs Act."

https://www.jec.senate.gov/public/index.cfm/republicans/analysis?ID=A33CAF48-0181-42EA-8068-AE2A43155797

__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

uwApoligist

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Posts: 18,486
Reply with quote  #406 
Quote:
Originally Posted by Will_I_Wynn
"The Congressional Budget Office (CBO) now projects 156.8 million jobs in America by year-end 2027—2.6 million more jobs than in its June 2017 Budget and Economic Outlook. CBO attributes an average of 1.1 million additional jobs over the next 10 years due to the recently enacted Tax Cuts and Jobs Act."

https://www.jec.senate.gov/public/index.cfm/republicans/analysis?ID=A33CAF48-0181-42EA-8068-AE2A43155797

Jobs are good right?

__________________
"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

Fresh

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Posts: 7,500
Reply with quote  #407 
At the right price. If Walmart benefits to the tune of 50 billion in tax cuts and adds jobs and bonuses with 1 billion of the savings, is it good? Is that the intent? Don't attack the numbers, they are metaphorical.
__________________
The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
uwApoligist

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Posts: 18,486
Reply with quote  #408 
Quote:
Originally Posted by Fresh
At the right price. If Walmart benefits to the tune of 50 billion in tax cuts and adds jobs and bonuses with 1 billion of the savings, is it good? Is that the intent? Don't attack the numbers, they are metaphorical.

Where do you think all that metaphorical money went?

Why not let companies keep some of their money, so they can invest and grow their operation, hire people, build a bigger/stronger company?

__________________
"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

Will_I_Wynn

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Posts: 6,701
Reply with quote  #409 
As I posted awhile back, CBO once forecast $3.53 Trillion revenue in 2018 which would be a 6.3% increase over 2017.  Then came the tax cuts and CBO changed the forecast to $3.34 Trillion due to a much smaller increase in revenue of less than 1%.  Through July, revenue has gone up less than 1% from the ten month similar period of time in 2017 and the end of year revenue looks like it will match their April forecast of $3.4 Trillion.  So much for bad CBO estimates.  Thre are still two months to go.  Oh yeah, the less than 1% growth in revenue will still set a record so the Right can continue to say "record tax revenues".  They'll ignore the fact revenue would have been a couple hundred billion more if there were no tax cuts.  Population growth and inflation make revenue increases almost impossible to avoid.

If I remember right, normal growth under a Democrat runs about 6% in annual revenue increase and 3-4% in annual spending increase.  The GOP almost always manages a lower average revenue increase and higher annual spending increase.  This year won't be any different.

https://www.cbo.gov/system/files?file=2018-08/54339-MBR.pdf


Quote:
Originally Posted by Will_I_Wynn
Spending goes up every year.  Population growth, veteran growth, inflation, increased infrastructure, more courts, more teachers, higher wages, new medical tests, etc.

When a Democrat is in office, Congress blocks most requests for any added spending.  Therefore, budget rises 3.5-5% annually.  When a Republican is in office, he demands more military spending.  Congress says can't have it without more spending on Americans for much needed services.  GOP President says do it already.  Therefore, budget rises 5-6.5% annually.  Back and forth we go.  Maybe $50-100 billion more in voluntary spending during one Administration versus almost no extra spending in the next. 

Revenue is a different story.  It's the attack on revenue with tax cuts after tax cuts that sets us back and grows our deficit.  We continuously reduce the expected tax revenue and then once again have to grow our way out of a hole.  In the meantime, we increase the deficit and add to debt.

For example, in June of 2017, CBO projected $3.53T and $3.69T revenue in 2018 and 2019.  In 2017, Fed revenue was $3.315T.

After changes in our tax law, GOP tax cuts, the CBO has revised it's projection a few days ago and now projects revenue of $3.34T and $3.49T in 2018 and 2019.  It's now going to be much lower.

The Right will spin these numbers as record tax revenues.  That's true but they're now much lower than what the record revenues would have been in a growing economy with a growing population.  We'll end up with another $400 billion added to deficits that are already too large.  This attack on revenue is far more damaging than the back and forth change in spending growth we find when President is Democrat or Republican.

CBO June 2017 pg 13 - https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52801-june2017outlook.pdf

CBO April 2018 pg 67 - https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53651-outlook.pdf




__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

uwApoligist

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Posts: 18,486
Reply with quote  #410 
They should cut their spending drastically.  That would reduce the need to borrow.
__________________
"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

keepinitreal

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Posts: 33,936
Reply with quote  #411 
Have they announced their 2020 list of dreadful candidates?
__________________

Shut up doofus. Not talking to you. 
 
woody

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Posts: 11,452
Reply with quote  #412 
Dewey, how about a massive data dump list of ANY F'ing Federal handout agency you are willing to cut. No you can't say cut defense spending, we just spent a butt load of money to correct Obama's ineptness. Here, I will get you started, and you can jump right in.

1: an across the board spending cut of 10% of ALL Federal agencies. You talk about government spending and waste, this is a start.
2: eliminate all social services to non citizens.
3: eliminate the department of education and return control of education to the states as was intended.
4: insure that every veteran in our nation can walk into any medical facility to see a doctor and receive treatment within 3-5 days. In other  words, get rid of the VA and it's BS administrative costs, and let the private sector lower costs and eliminate another bloated POS agency.
5: Deport all illegal aliens as quickly as possible. Get them the F off our social networks. We aren't responsible for the HC of all of Mexico and Central America, nor any other Shi!thole nation. Let their country provide for THEIR citizens. We will take care of the lessor of ours, and have a lot of money available when all of the F'ing illegals are not sucking benefits away from the very Americans that deserve our help and aid.
6: I will continue my diatribe against you socialist POS activist after I return tomorrow after dove hunting and commiserating with fellow Americans that actually like our nation, and despise Socialist POS like you.

__________________
Note to self, never agree to rewire a huge piece of industrial equipment made by former Axis powers that is older than I am.
TheNarrator

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Posts: 9,726
Reply with quote  #413 
Under Hillary taxes would have been up, revenues would have been up, spending about the same unfortunately and gdp would have been less.
EarlyGrayce

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Posts: 7,513
Reply with quote  #414 
UWa, KIR, Woody and Durden nail it down. Now dewfus will have to drift to 'Trump tax cuts have ruined our chillens future', while ignoring everything that woodrow and durden just said. Hehehe oh dewey.
__________________
"This shot my contempt factor through the roof."
Will_I_Wynn

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Posts: 6,701
Reply with quote  #415 
The point of the update was to show just how accurate the CBO was in their first year projection. This bi-partisan group is charged with giving Americans a fair picture of how legislation affects our budget. When the Right says dismiss the CBO projections and expect revenues to rise by even greater percentages thanks to these tax cuts, it’s imperative we all know their’s is a biased prediction of anticipated results. If the Left failed at a prediction like this, Rightists would label it a lie.
__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

uwApoligist

Registered:
Posts: 18,486
Reply with quote  #416 
No reason to dismiss the CBO score.  It is clear we are spending too much and creating a debt situation.  Giving tax payers back some of their hard earned money still makes sense.
__________________
"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

Will_I_Wynn

Registered:
Posts: 6,701
Reply with quote  #417 
The CBO projected a $804 billion deficit in 2018. Ending on a weekend allowed $44 billion in spending to roll into 2019 making actual deficit $782B rather than $826B. This rollover could push 2019 deficit over $1T.

https://bipartisanpolicy.org/library/deficit-tracker/


__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

EarlyGrayce

Registered:
Posts: 7,513
Reply with quote  #418 
Trump hates the chillen?
__________________
"This shot my contempt factor through the roof."
Will_I_Wynn

Registered:
Posts: 6,701
Reply with quote  #419 
Before tax cut, CBO projected tax revenue in 2018 would grow by $200 billion or so. After tax legislation, CBO said revenue would not increase very much. CBO was right.



Quote:
Originally Posted by Will_I_Wynn
Spending goes up every year.  Population growth, veteran growth, inflation, increased infrastructure, more courts, more teachers, higher wages, new medical tests, etc.

When a Democrat is in office, Congress blocks most requests for any added spending.  Therefore, budget rises 3.5-5% annually.  When a Republican is in office, he demands more military spending.  Congress says can't have it without more spending on Americans for much needed services.  GOP President says do it already.  Therefore, budget rises 5-6.5% annually.  Back and forth we go.  Maybe $50-100 billion more in voluntary spending during one Administration versus almost no extra spending in the next. 

Revenue is a different story.  It's the attack on revenue with tax cuts after tax cuts that sets us back and grows our deficit.  We continuously reduce the expected tax revenue and then once again have to grow our way out of a hole.  In the meantime, we increase the deficit and add to debt.

For example, in June of 2017, CBO projected $3.53T and $3.69T revenue in 2018 and 2019.  In 2017, Fed revenue was $3.315T.

After changes in our tax law, GOP tax cuts, the CBO has revised it's projection a few days ago and now projects revenue of $3.34T and $3.49T in 2018 and 2019.  It's now going to be much lower.

The Right will spin these numbers as record tax revenues.  That's true but they're now much lower than what the record revenues would have been in a growing economy with a growing population.  We'll end up with another $400 billion added to deficits that are already too large.  This attack on revenue is far more damaging than the back and forth change in spending growth we find when President is Democrat or Republican.

CBO June 2017 pg 13 - https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52801-june2017outlook.pdf

CBO April 2018 pg 67 - https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53651-outlook.pdf

__________________
Worst propaganda over last decade...

1)  Telling Americans Hillary would be locked up
2)  Telling Americans Obama born in Africa
3)  Telling Americans millions of illegals vote
4)  Telling Americans Mexico would pay for a wall
5)  Telling Americans GOP would introduce better healthcare plan

TheNarrator

Registered:
Posts: 9,726
Reply with quote  #420 
Quoting your own post all the time seems a little desperate.
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