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@metal-brain saidIt's good enough to refute your claim that "Equal funding never entered the racist Joe's mind", isn't it?
A mere campaign promise? Not a bill? LOL!
Is that the best you can do?
@averagejoe1 saidJoe, I don't generally respond to your posts because they are almost always ridiculous lies.
Marauder, is it possible that you would vote for the feeble Biden to be President? Marauder ? All your friends will lose Trumps's tax breaks, $2000 right off the top. Have you googled what REALLY happens when Biden says he will only tax those over $400K? Do you and they really believe that.? Folks,,,,,,google it. It is a lie.
This is another one.
"The Tax Policy Center estimates the 60% of Americans at the lower end of the income distribution will have federal tax savings of less than $1,000. Also, most people believe the tax cuts didn’t benefit people like them but only the very wealthy. They are right. Those in the top 1% save $51,000."
https://www.forbes.com/sites/teresaghilarducci/2019/04/09/five-good-reasons-it-doesnt-feel-like-the-trump-tax-cut-benefited-you/#12efa7d613e0
If you want to read Biden's tax plan (you don't) here it is: https://www.cnbc.com/2020/10/07/heres-who-would-pay-more-under-joe-bidens-tax-plan.html
Interestingly, you have never complained about the federal deficits which blew up under Trump even before COVID: " In 2017, his first year in office the deficit grew to $666 billion, was $984 billion last year and is projected to be over $1 trillion in 2020 at $1.02 trillion. This would be a 74% increase in just four years and going forward the Federal deficit could escalate to $1.7 trillion in 2030."
https://www.forbes.com/sites/chuckjones/2020/02/01/trumps-deficits-are-racing-past-obamas/#635389294819
Where is your concern over our poor grandchildren who will have to pay for Trump's tax cuts one way or another?
@no1marauder saidNo1, the deficit growing has nothing to do with the revenue stream. If you bother to
Joe, I don't generally respond to your posts because they are almost always ridiculous lies.
This is another one.
"The Tax Policy Center estimates the 60% of Americans at the lower end of the income distribution will have federal tax savings of less than $1,000. Also, most people believe the tax cuts didn’t benefit people like them but only the very wealthy. They a ...[text shortened]... ur concern over our poor grandchildren who will have to pay for Trump's tax cuts one way or another?
check out the revenue growth you will see that the revenue has grown for every year
that Trump has been in office.
https://issuesinsights.com/2019/05/16/revenues-are-up-6-after-trump-tax-cuts-so-why-is-the-deficit-surging/
The problem is SPENDING. And I don't think anyone in Washington even wants to
get it under control.
@earl-of-trumps saidClassic Republican fairy tale. They only want the tap cut off if it's going to people they don't think deserve it (the poor). If it's going to themselves, then by God GTFO of their way.
No1, the deficit growing has nothing to do with the revenue stream. If you bother to
check out the revenue growth you will see that the revenue has grown for every year
that Trump has been in office.
https://issuesinsights.com/2019/05/16/revenues-are-up-6-after-trump-tax-cuts-so-why-is-the-deficit-surging/
The problem is SPENDING. And I don't think anyone in Washington even wants to
get it under control.
@earl-of-trumps saidNonsense. Federal revenue as a percentage of GDP was 17.4% in 2016 and was reduced to 16.2% because of the Trump tax cuts. https://fred.stlouisfed.org/series/FYFRGDA188S
No1, the deficit growing has nothing to do with the revenue stream. If you bother to
check out the revenue growth you will see that the revenue has grown for every year
that Trump has been in office.
https://issuesinsights.com/2019/05/16/revenues-are-up-6-after-trump-tax-cuts-so-why-is-the-deficit-surging/
The problem is SPENDING. And I don't think anyone in Washington even wants to
get it under control.
US GDP was about $21.4 trillion, so the tax cuts alone accounted for about $300 billion per year of deficit expansion as compared to prior tax policy. Of course, Trump insisted on blowing up the defense budget as well which pretty much covered the rest.
@no1marauder saidExcuse me...? "as a percentage of GDP"??? <---- What the hell is this???
Nonsense. Federal revenue as a percentage of GDP was 17.4% in 2016 and was reduced to 16.2% because of the Trump tax cuts. https://fred.stlouisfed.org/series/FYFRGDA188S
US GDP was about $21.4 trillion, so the tax cuts alone accounted for about $300 billion per year of deficit expansion as compared to prior tax policy. Of course, Trump insisted on blowing up the defense budget as well which pretty much covered the rest.
Read-my-lips-II: The revenue went UP every year of Trump. UP. Can you spell UP?
This means that deficit spending going up was a function purely of SPENDING
going up more than the revenue went up. Simple math, dude.
And according to you, it is clear that the GDP went UP! Naturally, it is
mathematically impossible for tax revenue to keep up with GDP, percentage wise,
if you cut the percentage you take from GDP. This, too, is simple math.
What you attempted here was a cheap trick. C'mon, No1, I'm not that thick.
Thank you.
@earl-of-trumps saidApparently you are "that thick".
Excuse me...? "as a percentage of GDP"??? <---- What the hell is this???
Read-my-lips-II: The revenue went UP every year of Trump. UP. Can you spell UP?
This means that deficit spending going up was a function purely of SPENDING
going up more than the revenue went up. Simple math, dude.
And according to you, it is clear that the GDP went UP! Naturally, it i ...[text shortened]... ath.
What you attempted here was a cheap trick. C'mon, No1, I'm not that thick.
Thank you.
GDP normally goes up except in times of economic crisis. So if you keep tax policy steady, tax revenue should increase at about the same rate as GDP growth. The US has varied somewhat over the years, but has generally been somewhere in the high 17% since WWII of tax revenue as a share of GDP. The only times it has dropped sharply prior to Trump was during economic recessions. https://fred.stlouisfed.org/series/FYFRGDA188S
So Trump's tax cuts severely reduced expected tax revenue. This was supposed to be overcome by 4-5% GDP growth, but this never happened. Thus, the result was a higher deficit.
Yes, simple math though apparently not simple enough for you to understand.
@earl-of-trumps saidBlackboard jungle, urban jungle, concrete jungle, etc
Joe Biden, aka Mister Feely - "Unless we do something about this, my children are going to grow up in a jungle, the jungle being a racial jungle with tensions having built so high that it is going to explode at some point. We have got to make some move on this."
The word jungle in this context has nothing to do Africa or Africans. It’s clearly a metaphor for impenetrable problems that are stacking up due to decades of racism and poverty that will come to dominate US politics until it’s sorted whether right wing racists like it or not. It will not be contained within the run down urban areas and dilapidated city centres forever.
@no1marauder saidDon't give me that crap, on this score, I know what I am talking about.
Apparently you are "that thick".
GDP normally goes up except in times of economic crisis. So if you keep tax policy steady, tax revenue should increase at about the same rate as GDP growth. The US has varied somewhat over the years, but has generally been somewhere in the high 17% since WWII of tax revenue as a share of GDP. The only times it has dropped sharply prior ...[text shortened]... was a higher deficit.
Yes, simple math though apparently not simple enough for you to understand.
We both agree that revenue went up for the fed each year of Trump's tenure.
The only way that the deficit can possibly grow, then, is if spending grew MORE
than the growth of revenue.
It's a SPENDING problem. Full Stop.
You're great on stats, No1. Show us what SPENDING did in Trump's tenure, per year.
I will guarantee you it grew more than did revenue. It is impossible to be otherwise.
Deficit cause -----> Spending.
Full Stop.
@kevcvs57 saidI'll meet you halfway, Kev. Nothing to do with Africans, et al.....But EVERYTHING to do with culture. This should help you cut through some of the red tape that you get hung up in all the time. Get it out there!
Blackboard jungle, urban jungle, concrete jungle, etc
The word jungle in this context has nothing to do Africa or Africans. It’s clearly a metaphor for impenetrable problems that are stacking up due to decades of racism and poverty that will come to dominate US politics until it’s sorted whether right wing racists like it or not. It will not be contained within the run down urban areas and dilapidated city centres forever.
@averagejoe1 saidYour babbling again Joe but I’ll keep it simple. If someone says “It’s a jungle out there” do you think that they are referring to the number of black folks present?
I'll meet you halfway, Kev. Nothing to do with Africans, et al.....But EVERYTHING to do with culture. This should help you cut through some of the red tape that you get hung up in all the time. Get it out there!
@kevcvs57 saidNo. Like I said, the mixing of cultures, which is referred to as multiculturalism, is what I am talking about. Nothing to do with race or skin color.
Your babbling again Joe but I’ll keep it simple. If someone says “It’s a jungle out there” do you think that they are referring to the number of black folks present?
Rave on. Myself, I will be busy for a few weeks getting set up. Hope everyone here comes out OK.
@averagejoe1 saidWell you can have multiculturalism or you can have a barren culture. I eat multiculturalism for dinner most nights so it’s a no brainier for me.
No. Like I said, the mixing of cultures, which is referred to as multiculturalism, is what I am talking about. Nothing to do with race or skin color.
Rave on. Myself, I will be busy for a few weeks getting set up. Hope everyone here comes out OK.
@kevcvs57 saidyou omit a word...
Your babbling again Joe but I’ll keep it simple. If someone says “It’s a jungle out there” do you think that they are referring to the number of black folks present?
what does he mean when he says “its a RACIAL jungle”
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@mott-the-hoople saidI’ve already explained what putting the word ‘jungle’ after the word ‘racial’ means in an earlier post to this thread.
you omit a word...
what does he mean when he says “its a RACIAL jungle”
But trying to paint Biden as a racist is futile, unless your prepared to vote for him it’s not going to work.