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Will_I_Wynn

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Reply with quote  #91 
I can almost guarantee you, despite a GOP controlled Government, our $4T spending in 2017 will go up a bit in 2018, 2019, 2020, and each and every year after that.  It's clear to me we'll continue to borrow and borrow from future generations as this society, currently with a GOP controlled Government, has no intention to pay the necessary taxes to fund the spending we've elected our representatives to put into place.
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TheNarrator

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Reply with quote  #92 
Quote:
Originally Posted by Will_I_Wynn
If you take away annual cost of living increases to SS and Medicare doctor reimbursements, and add a 1% annual reduction in these payments to boot, in several years SS benefits and doctor repayments would be valued at one half of what they used to be worth.  This 1% idea is a guaranteed failure to retirees, Medicare benefits, defense, and every other important budget item.


You’ve already said there is nothing in the budget that can be cut - why even make this post?
Will_I_Wynn

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Reply with quote  #93 
I've said Sen Paul tried to cut a little and was told by the GOP to go away.  This leads me to believe there's very little our Representatives are willing to cut and I would agree, I don't see many areas I'd be willing to cut either.

In the event they do find cuts somewhere, the cost of living application to SS benefits, Medicare payments, government payroll, welfare services, department budgets, etc., as well as the added expense of a larger population, will more than offset any cuts made and the $4T 2017 spending budget will be higher in 2018.  It's unfair to the American people to try and make them believe a Government can spend less in a subsequent year.  Inflation and population growth make that nearly impossible.  Yet the Right continues to make this highly improbable case to hopefully soften the negative effects the recent tax cut will have on our budget deficit.  In other words, make them believe we can keep more of our tax money because we can successfully reduce 2018 spending from 2017 spending.  It's another snake oil sale attempt.

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uwApoligist

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Reply with quote  #94 
That is not true at all.  Adding spending cuts to the tax cuts bill would have bogged it down.  There was no reason to hold up relief for the real Americans that overly burdened by the draconian tax system.   So they did the Tax cuts first. 

I look forward to your support of cuts to support aligning our revenues with our spending.

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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
Will_I_Wynn

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Reply with quote  #95 
Yes, Sen Paul tried to add spending cuts and was rebuffed.  As for where 2018 goes, I'm on record as saying spending will be higher in 2018.  We'll see if I'm right or wrong.  I'll add it will be 5% higher which is about $4.2T.
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Fresh

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Reply with quote  #96 
Does trump really have a hold on this money thing. Looks like he's treating the US like one of his casinos.

Stock market hitting new highs
Unemployment at 4.1%
Warren Buffet and Bill Gates can get that new Chevy truck they've been saving up for

On the flip side

Fewer jobs created than last year
Trade deficit higher than last year
Deficit numbers higher than last year

The Budget Deficit for 2017 Is Projected to Be Similar to Last Year’s

CBO’s baseline estimate of the 2017 deficit is $559 billion, or 2.9 percent of GDP—less than the $587 billion deficit posted in 2016. Both totals, however, are affected by shifts in the timing of some payments. Outlays in 2016—and thus the deficit—were boosted by $41 billion because certain payments that were to be made on October 1, 2016 (the first day of fiscal year 2017), were instead made in fiscal year 2016 because October 1 fell on a weekend.

For 2017, the net effect of those timing shifts and similar shifts in spending from fiscal year 2018 into fiscal year 2017 is to increase outlays by $4 billion. If not for those shifts, the deficit in 2016 would have been $546 billion (3.0 percent of GDP), and the deficit projected for 2017 would be $555 billion (2.9 percent of GDP).

How about that!
And fuggetabout 2018.
Quite a financial genius we got here.


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The previous comment is an opinion. It came as the result of a lifetime of keen observation and spectacular failures. I did conclude this; hopefully, we learn as much from failure as we do from our accomplishments.
pabar61

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Reply with quote  #97 
Quote:
Originally Posted by Will_I_Wynn
I've said Sen Paul tried to cut a little and was told by the GOP to go away.  This leads me to believe there's very little our Representatives are willing to cut and I would agree, I don't see many areas I'd be willing to cut either.

In the event they do find cuts somewhere, the cost of living application to SS benefits, Medicare payments, government payroll, welfare services, department budgets, etc., as well as the added expense of a larger population, will more than offset any cuts made and the $4T 2017 spending budget will be higher in 2018.  It's unfair to the American people to try and make them believe a Government can spend less in a subsequent year.  Inflation and population growth make that nearly impossible.  Yet the Right continues to make this highly improbable case to hopefully soften the negative effects the recent tax cut will have on our budget deficit.  In other words, make them believe we can keep more of our tax money because we can successfully reduce 2018 spending from 2017 spending.  It's another snake oil sale attempt.


Another lie from Dewey.  You literally said there is nothing left to cut.  You didn't reference anyone in that post.  Why do you Democrats lie so much?
Will_I_Wynn

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Reply with quote  #98 
Nothing left to cut (if that's exactly what I said) is my generalization that we are basically down to the bone based on programs Americans want to keep.  Our budget solutions cannot be solved with cuts.  Of course anything can be cut but it would cause harm to the program.  Btw, I gave an example saying "cut to the bone".  Where did I say "nothing to cut" so I can gather the context?
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pabar61

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Reply with quote  #99 
Quote:
Originally Posted by Will_I_Wynn
Nothing left to cut (if that's exactly what I said) is my generalization that we are basically down to the bone based on programs Americans want to keep.  Our budget solutions cannot be solved with cuts.  Of course anything can be cut but it would cause harm to the program.  Btw, I gave an example saying "cut to the bone".  Where did I say "nothing to cut" so I can gather the context?


I'm not going to search the fvcking thread to find your own quote.  You probably already changed it anyway.

As for the assertion that the budget can't be solved with cuts, that is why Democrats like to spend.
Will_I_Wynn

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Reply with quote  #100 
"The Right will say expenses can be cut more but, while I suppose there is some truth to that, history shows spending has increased a small percent each and every year for decades and to tell Americans we can go from increase to decrease in spending, despite inflation and growing population, is mostly a false promise to get backing for more tax cuts"

Here I admitted there may be some cuts to be made.  You must have read a post from someone else or someone misquoting a post.  I'm not sure why anyone would say no cuts can be made.  All that would take is legislation.

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bluedog

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Reply with quote  #101 
Pabar, Dewey pulls your strings enough to make you use foul-language on here? 
pabar61

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Reply with quote  #102 
Quote:
Originally Posted by bluedog
Pabar, Dewey pulls your strings enough to make you use foul-language on here? 


I use foul language far more than I should.  One of the many ways I am fallen.
uwApoligist

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Reply with quote  #103 
Quote:
Originally Posted by Will_I_Wynn
I can almost guarantee you, despite a GOP controlled Government, our $4T spending in 2017 will go up a bit in 2018, 2019, 2020, and each and every year after that.  It's clear to me we'll continue to borrow and borrow from future generations as this society, currently with a GOP controlled Government, has no intention to pay the necessary taxes to fund the spending we've elected our representatives to put into place.

They should cut spending, avoid the debt pile up obama gave us.  1% across the board until we are balanced.  If you started asking for that, we would get somewhere, guaranteed.  Since you won't it is the chillens that get hit.

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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
uwApoligist

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Reply with quote  #104 
So the good news is quite a bit of indication that the Tax Cut bill will trigger automatic cuts, including cuts in medicare.  
https://www.wsj.com/livecoverage/tax-bill-2017/card/1510696375
According to Politico those cuts could be historic.

Many are describing the Tax Cuts as the spoon full of sugar to set up to help the medicine, the spending cuts, go down.

Heritage did some great work that showed spending cuts are often key to healthy fiscal policy, one that reduces debt in the government, and allows the economy to grow at a much faster pace. 

http://www.heritage.org/budget-and-spending/report/research-review-spending-cuts-are-better-tax-increases

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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
EarlyGrayce

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Reply with quote  #105 
Quote:
Originally Posted by Will_I_Wynn
I can almost guarantee you.


Your track record on dewey 'guarantees' during the 2016 election was awful. Now you are Will. Same loser, new name, same wrong information.

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"Dewey's attempt to return:  The biggest scandal on the UCS forum in 2017." 
EarlyGrayce

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Reply with quote  #106 
Quote:
Originally Posted by uwApoligist

They should cut spending, avoid the debt pile up obama gave us.  1% across the board until we are balanced.  If you started asking for that, we would get somewhere, guaranteed.  Since you won't it is the chillens that get hit.



dewey's new-found concern for the chillens is curious.

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"Dewey's attempt to return:  The biggest scandal on the UCS forum in 2017." 
Will_I_Wynn

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Reply with quote  #107 
"So the good news is quite a bit of indication that the Tax Cut bill will trigger automatic cuts, including cuts in medicare." 


I don't think so.

"McCarthy said lawmakers shortly after the new year will prevent any Medicare cuts from going into effect."

https://www.cnbc.com/2017/12/20/medicare-cuts-set-off-by-tax-plan-wont-happen-house-majority-leader.html

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The Right in here are quoting posts and changing words.  Please search for original post if accurate information is desired.




uwApoligist

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Reply with quote  #108 
Quote:
Originally Posted by Will_I_Wynn
"So the good news is quite a bit of indication that the Tax Cut bill will trigger automatic cuts, including cuts in medicare." 


I don't think so.

"McCarthy said lawmakers shortly after the new year will prevent any Medicare cuts from going into effect."

https://www.cnbc.com/2017/12/20/medicare-cuts-set-off-by-tax-plan-wont-happen-house-majority-leader.html

Any attempts to thwart the automatic cuts will have to go the long way, and get 60 in the Senate.   Good luck with that.

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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
Will_I_Wynn

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Reply with quote  #109 
The initial Trump budget added $119 billion to spending in FY2018 and it appears it will be higher than that.  We'll keep adding 3% or so to spending as we add more population and experience more inflation, and every few years the GOP, along with wealthy donors, will demand more tax cuts.  Deficits will go on and on and we'll borrow more each and every year.  One of these days Americans will rise up and object and form some kind of protest Party (call it the Tea Party or something) objecting to the added debt.  Not sure if it will change anything but Americans must wake up soon and note how wealthy people keep getting more tax relief at the expense of the future.
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A gullible nation is a vulnerable nation.  Challenge what you read on the internet.  Our nation's security is in our hands.  Don't be duped by misinformation.

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uwApoligist

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Reply with quote  #110 
Quote:
Originally Posted by Will_I_Wynn
The initial Trump budget added $119 billion to spending in FY2018 and it appears it will be higher than that.  We'll keep adding 3% or so to spending as we add more population and experience more inflation, and every few years the GOP, along with wealthy donors, will demand more tax cuts.  Deficits will go on and on and we'll borrow more each and every year.  One of these days Americans will rise up and object and form some kind of protest Party (call it the Tea Party or something) objecting to the added debt.  Not sure if it will change anything but Americans must wake up soon and note how wealthy people keep getting more tax relief at the expense of the future.

Hopefully one day everyone will wake up and ask for spending cuts to the save the chillens.  

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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
uwApoligist

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Reply with quote  #111 
I really think this spending cuts thing could happen.  I think even dewey through this red pilling going on here, is coming around on the value of not burdening our chillens with our over wrought spending.
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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
keepinitreal

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Reply with quote  #112 
If he cares enough for the children, he'll back the spending cuts, what it all boils down to.  The tax cuts are happening.  All his numbers amount to absolutely nothing.  What a conundrum.  Back the spending cuts dewy, for the chillens
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"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
Will_I_Wynn

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Reply with quote  #113 
Quote:
Originally Posted by Will_I_Wynn
The initial Trump budget added $119 billion to spending in FY2018 and it appears it will be higher than that.  We'll keep adding 3% or so to spending as we add more population and experience more inflation, and every few years the GOP, along with wealthy donors, will demand more tax cuts.  Deficits will go on and on and we'll borrow more each and every year.  One of these days Americans will rise up and object and form some kind of protest Party (call it the Tea Party or something) objecting to the added debt.  Not sure if it will change anything but Americans must wake up soon and note how wealthy people keep getting more tax relief at the expense of the future.


As usual, open minded people must wade through a lot to reach the other side of the story.  The story remains the same as spending will increase each and every year.  It's a normal process of inflation and population growth.  The Right will try to sell the case that someday it won't go up and the GOP rich donors will continue to demand tax relief, which further restricts the ability to pay for Government spending and adds to debt your kids will pay for.  Watch the numbers as the years go by and judge for yourself.

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A gullible nation is a vulnerable nation.  Challenge what you read on the internet.  Our nation's security is in our hands.  Don't be duped by misinformation.

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uwApoligist

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Reply with quote  #114 
Yes, spending tends to go up every year.  I share your concern with that horrible news and it's impact on our chillens. 

I am willing to work with you to get the necessary reductions in spending, and make this go in the right direction.  

What is your plan?  Write the LA Times, Bill Orielly, or the USA Today?  Can we use your newbile reporter crew to take on this mission?  Are the up to it?  Are they even still around over there in la mirida, or did they have to move on?  Just answer some of my questions so we can get going on this, ok?

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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
Will_I_Wynn

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Reply with quote  #115 
We just gave Corporations a huge tax cut and I expect corporate profits to skyrocket.  While I have stated a Corporate tax cut could possibly pay for itself over time (as opposed to cuts to wealthy individuals) there's no doubt investors will head to where the big profits can be found which means there should be no surprise the stock market is making big moves.  I hope average Americans have money to invest too.
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A gullible nation is a vulnerable nation.  Challenge what you read on the internet.  Our nation's security is in our hands.  Don't be duped by misinformation.

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keepinitreal

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Reply with quote  #116 
Quote:
Originally Posted by uwApoligist
Yes, spending tends to go up every year.  I share your concern with that horrible news and it's impact on our chillens. 

I am willing to work with you to get the necessary reductions in spending, and make this go in the right direction.  

What is your plan?  Write the LA Times, Bill Orielly, or the USA Today?  Can we use your newbile reporter crew to take on this mission?  Are the up to it?  Are they even still around over there in la mirida, or did they have to move on?  Just answer some of my questions so we can get going on this, ok?

__________________
"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
pabar61

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Posts: 11,469
Reply with quote  #117 
Quote:
Originally Posted by Will_I_Wynn
We just gave Corporations a huge tax cut and I expect corporate profits to skyrocket.  While I have stated a Corporate tax cut could possibly pay for itself over time (as opposed to cuts to wealthy individuals) there's no doubt investors will head to where the big profits can be found which means there should be no surprise the stock market is making big moves.  I hope average Americans have money to invest too.


Except for all the companies who have already announced bonuses, salary increases, minimum wage increases and other investments that the tax cuts allow them to do.

Also, utilities are now indicating that they will cut rates because of the tax cuts.

I know you want these tax cuts to fail but you are in a very, very small misguided community with that opinion.
Will_I_Wynn

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Reply with quote  #118 
Of course companies will share their windfall with their employees.  Otherwise they can expect a revolt.  My post was to point out the obvious as it relates to the stock market surge so far this year.  Investors run to where the big profits are going to be and that will be Company profits.  Simple investment decision and the influx of money will drive the market up.

Btw, I have taken no position on Corporate tax cuts as I am open to the fact the lost tax revenue in Corporate America might be largely recovered in an expanding economy.  Doubtful, but maybe.  At the same time, these corporate tax cuts should have been offset with other taxes on individuals if CBO showed a long term debt increase.  As for the rest of the bill, I am strongly against tax cuts for individual wealthy families, including the lowering of top rates, and see no reason to add to the deficit to help rich families who are doing quite well.  When we have a surplus, then we can take care of the wealthy.  This part of the bill was enough to lose my support.

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A gullible nation is a vulnerable nation.  Challenge what you read on the internet.  Our nation's security is in our hands.  Don't be duped by misinformation.

The Right in here are quoting posts and changing words.  Please search for original post if accurate information is desired.




keepinitreal

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Reply with quote  #119 
Owwwwwww.....must be positive when your opponents balk so much.
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"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
pabar61

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Posts: 11,469
Reply with quote  #120 
Quote:
Originally Posted by Will_I_Wynn
Of course companies will share their windfall with their employees.  Otherwise they can expect a revolt.  My post was to point out the obvious as it relates to the stock market surge so far this year.  Investors run to where the big profits are going to be and that will be Company profits.  Simple investment decision and the influx of money will drive the market up.

Btw, I have taken no position on Corporate tax cuts as I am open to the fact the lost tax revenue in Corporate America might be largely recovered in an expanding economy.  Doubtful, but maybe.  At the same time, these corporate tax cuts should have been offset with other taxes on individuals if CBO showed a long term debt increase.  As for the rest of the bill, I am strongly against tax cuts for individual wealthy families, including the lowering of top rates, and see no reason to add to the deficit to help rich families who are doing quite well.  When we have a surplus, then we can take care of the wealthy.  This part of the bill was enough to lose my support.


The vast majority of the stock market surge occurred before the tax cuts were implemented.  The market reacted to Trump undoing hundreds of Obama's ridiculous regulations and a general mood that the economy is finally unshackled from Obama's attempts to socialize this country.

It is yet to be seen whether the tax cuts will result in lower tax revenues.  It may but it may not.  

With regard to rich families, again, they are mostly the owners of small businesses that do the majority of hiring in this country.  As well, they already pay a disproportionate share of the taxes in this country.

If you have truly suddenly found this new religion of being concerned about the debt (I doubt you have, it's just a way to bash a Republican), then the only way to do it over the long term is to cut spending on entitlements.  You just can't get there by continuing to increase taxes in order to pay for more and more government programs.  It's amazing to me that you leftists don't understand basic math.
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