So that's the reason for yearly trillion dollar deficits!
That's a great graphic. It illustrates why cutting taxes is such a bad strategy.So that's the reason for yearly trillion dollar deficits!
Are you sure that government is mitigating inefficiencies and faults of the economic system instead of exemplifying them like this?
...and to swing back on topic, what is the smallest percentage?
Fiscal year 2017 Defense spending - ~$830,000,000,000So that's the reason for yearly trillion dollar deficits!
Are you sure that government is mitigating inefficiencies and faults of the economic system instead of exemplifying them like this?
...and to swing back on topic, what is the smallest percentage?
Yeah, they need more money to badly manage.
To be fair, the infographic is from a 2014 story on TheBlaze (I didn't know until I wanted to see when it was made), but 83% of what is spent on social security being spent on "defense" seems about right.
How accurate are those numbers? Just wondering cause I will be inferring from them: That infographic proves my point of what government is forced to do to keep the ship sailing so to speak. It speaks nothing to the deficit; that is a tax revenue problem brought to us by neoliberal right wingers (trickle down being sold as an adrenaline shot for economic expansion; it's not).So that's the reason for yearly trillion dollar deficits!
Are you sure that government is mitigating inefficiencies and faults of the economic system instead of exemplifying them like this?
...and to swing back on topic, what is the smallest percentage?
It does.
I have no idea how accurate the numbers are but people don't like it when I use math to prove them incorrect so I've shifted to pictures.
The deficit IS tax dollars that haven't even been made by the taxed yet. Where else does gov't get money?
That's funny.
While I don't often agree with tty or pada, I see them a bit more like the person who filmed this encounter, rather than the person being filmed.
Buckold, Fagwood, HOledTater, etc. seem a bit more like TirgglyPuff than the cinematographer.
@MichiganMedGrower. what are you doing in politics? You seem sane and rational.
This current tax bill doesn't in fact contain a tax cut. In fact the whole argument it how to limit the deficit increase in order to pass the bill with a simple majority. It is a bill for a tax deferral, not a tax cut.
That pictograph shows that our debt is almost completely directly related to trickle down, voodoo economics, or better title Reaganomics. See where that pretty red line starts to go up and up in 1980ish.I have no idea how accurate the numbers are but people don't like it when I use math to prove them incorrect so I've shifted to pictures.
~50% subsidizes peoples health care
20% subsidizes peoples income
18% subsidizes the MIC
6% subsidizes the banks
6% actually goes towards goods and services
1% goes to education
The deficit IS tax dollars that haven't even been made by the taxed yet. Where else does gov't get money?
As to trickle down being the reason, it sure has helped but is not solely responsible.
Seems it REALLY started to take off once we abandoned a monetary structure tied to something physical that can't be counterfeited with a printing press..
A corporate tax rate of 21% without removing loopholes is a HUGE tax cut.
By choosing to not oppose Nazis you are choosing a side.
You can be between two parties and still have an opinion. I do it very well.
I'm not arguing that taxes to a corporation will be lower.
Maybe I'm not saying it properly. Spending wasn't cut, tax revenues from corporations were cut and the deficit/national debt will go up. Unless we are talking about defaulting or deliberately raising inflation, taxes that would have been collected next year were deferred in the form of loans and somebody will pay them later with interest.
Egg-zachery!
The deficit the difference between revenue and spending. We have the money that is able to be taxed now, but they are selling the idea that if we just don't tax the money now that somehow it will be easier to tax the money later. Who actually believes that?I have no idea how accurate the numbers are but people don't like it when I use math to prove them incorrect so I've shifted to pictures.
~50% subsidizes peoples health care
20% subsidizes peoples income
18% subsidizes the MIC
6% subsidizes the banks
6% actually goes towards goods and services
1% goes to education
The deficit IS tax dollars that haven't even been made by the taxed yet. Where else does gov't get money?
As to trickle down being the reason, it sure has helped but is not solely responsible.
Seems it REALLY started to take off once we abandoned a monetary structure tied to something physical that can't be counterfeited with a printing press..
I asked you earlier. What party line did you stop swallowing that puts you at odds with Buck and me? Specifically, what policies or positions do you and I disagree on?