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@Cliff-Mashburn saidThank yourself.
No tax on tips...no tax on overtime...and no tax on Social Security.
Well THANK YOU Dems.
TRUMP 2028
If idiot Republicans would stop polluting bills with crap that doesn't belong there, you'd get more stuff passed. Why don't you go full disclosure and tell us what other nasty stuff was in that bill and became the reason WHY it was voted down.
@Cliff-Mashburn saidThe deficit was shrinking for the last three years, but is now projected to grow to $1.6 TRILLION this year.
No tax on tips...no tax on overtime...and no tax on Social Security.
Well THANK YOU Dems.
TRUMP 2028
That amount of money, just in deficit spending, could buy 4,000 cheeseburgers for every man, woman and child living in America every year.
Republicans always make this worse. Every single time.
Maybe worry about the spending and then cut taxes. Yeesh.
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@wildgrass saidBiden SAID the deficit was shrinking.
The deficit was shrinking for the last three years, but is now projected to grow to $1.6 TRILLION this year.
That amount of money, just in deficit spending, could buy 4,000 cheeseburgers for every man, woman and child living in America every year.
Republicans always make this worse. Every single time.
Maybe worry about the spending and then cut taxes. Yeesh.
It was growing, not shrinking.
@wildgrass saidYou have any sources? Here is some information that contradicts your opinion.
The deficit was shrinking for the last three years, but is now projected to grow to $1.6 TRILLION this year.
That amount of money, just in deficit spending, could buy 4,000 cheeseburgers for every man, woman and child living in America every year.
Republicans always make this worse. Every single time.
Maybe worry about the spending and then cut taxes. Yeesh.
Trump’s Record Far Superior to Biden’s on Debt and Inflation
Jul 17, 2024 - Stephen Moore
Over Biden’s near-four years in office, inflation is up roughly 20%. Under Trump, inflation was up 8%. Even adjusting for Bidenflation, deficits have been at least 50% higher under Biden than Trump. Only a Ph.D. in economics who teaches at an Ivy League school would believe that these Biden policies will bring inflation and interest rates DOWN.
Anew Wall Street Journal poll of academic and Wall Street economists finds that most believe that President Biden would do a better job holding down inflation, the debt and interest rates than former President Trump. This is a patently ridiculous conclusion that says more about the state of economics than it does about Trump or Biden. It reminds me of the old saying that if all the economists in the world were laid end to end… it would be a good thing.
We know these predictions are suspect because both Biden and Trump have actual records on inflation in their first terms. So we don’t have to throw darts at a dart board blindfolded as these economists apparently are doing. We can examine what happened while they were president.
On each one of these three measures, Trump’s achievements aren’t just a little better. They are FAR superior to Biden’s.
Let’s start with inflation. Over Biden’s near-four years in office, inflation is up roughly 20%. Under Trump, inflation was up 8%. So how could anyone argue that Biden will be better on inflation given that his rate is nearly three times HIGHER than Trump’s. This would be like saying a batter who has struck out four times in a row is more likely to hit a home run than a batter who has hit three homers in his last four at bats.
By the way, Biden did NOT inherit inflation from Trump. In his last four months in office the inflation rate was
Oct. 20—1.2%
Nov. 20—1.3%
Dec. 20—1.5%
Jan. 21—1.4%
Then, 18 months later, under Biden, it was 9.1%.
Now let’s look at interest rates. The mortgage interest rate was 2.9% when Trump left office. The mortgage interest rate is now roughly 7%. That’s more than twice as high. The higher interest rates and the inflation in rents and housing prices mean that the mortgage payment on a median value home is now TWICE as high under Biden as under Trump.
How about the interest rate on federal borrowing? During Trump’s last year in office, the 10-year Treasury bill was 0.9%. After three and a half years of Biden, the interest rate is at 4.3%.
Finally, there is the issue of the federal deficits and debt. Neither president has a good record on controlling spending and borrowing. That’s because both parties like to spend money and play Santa Claus. The question is which president had a worse record?
When we take out the two COVID years, 2020 and 2021, we find that the average deficits under Trump were roughly $750 billion. That’s bad. But under Biden, the average deficit was $1.5 trillion. Even adjusting for Bidenflation, deficits have been at least 50% higher under Biden than Trump.
But let’s put aside the real world record of Trump and Biden and look at their policy proposals. Trump wants to make the tax rate reductions permanent, continue to deregulate the economy, and encourage greater production of U.S. energy.
All of these policies are DISinflationary. They will make America more competitive in the world economy, bring capital to the United States, keep the dollar strong, and increase the production of goods and services.
Biden wants to raise tax rates on American businesses, increase regulations, and continue to waste hundreds of billions of dollars on low-return green energy programs while curtailing U.S. production of oil, gas and coal.
https://www.heritage.org/debt/commentary/trumps-record-far-superior-bidens-debt-and-inflation
@wildgrass saidStop lying. Eisenhower did not make it worse.
The deficit was shrinking for the last three years, but is now projected to grow to $1.6 TRILLION this year.
That amount of money, just in deficit spending, could buy 4,000 cheeseburgers for every man, woman and child living in America every year.
Republicans always make this worse. Every single time.
Maybe worry about the spending and then cut taxes. Yeesh.
Your partisan bias is like a mental illness.
@Cliff-Mashburn saidRight wing Senator Ron Johnson:
No tax on tips...no tax on overtime...and no tax on Social Security.
Well THANK YOU Dems.
TRUMP 2028
"Sen. Ron Johnson (R-Wis.) also voiced his opposition to the developing House proposal this week, warning that it would significantly worsen the national deficit.
“I don’t see any scenario where it’s going to be deficit-neutral. That’s my problem,” he told NBC News. “By my calculation, this is going to increase the deficit by $4 trillion," he added.
https://www.msn.com/en-us/news/politics/cannot-accept-it-senate-republicans-give-ultimatum-to-mike-johnson/ar-AA1ERMkB?ocid=hpmsn&cvid=36caca752da84bc38824b3d49713718d&ei=16
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@Rajk999 saidMost of this is inflation not deficit. Regarding deficit, trump inherited a shrinking deficit that was $400 bill and on the way down. Before COVID hit, he doubled it. Then when COVID hit, he doubled it again.
You have any sources? Here is some information that contradicts your opinion.
[i]Trump’s Record Far Superior to Biden’s on Debt and Inflation
Jul 17, 2024 - Stephen Moore
Over Biden’s near-four years in office, inflation is up roughly 20%. Under Trump, inflation was up 8%. Even adjusting for Bidenflation, deficits have been at least 50% higher under Biden than Trum ...[text shortened]... /i]
https://www.heritage.org/debt/commentary/trumps-record-far-superior-bidens-debt-and-inflation
I.think it's important to evaluate change over time. Yes, Trump's average deficit was lower than Biden but trending massively higher. Biden took Trump's debt and started to bring it down. Now it's back on an upward trend and they want to CUT TAXES?
Irresponsible. Show us you can get debt under control first.
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@wildgrass saidCorrect. My bad, I was confusing the deficit with the national debt, which has done nothing but skyrocket every year.
Nope.
https://www.us-debt-clock.com/
@Cliff-Mashburn saidi won't talk about what else is in that build. I have no idea and i am not going to bother researching. I am positive it's bad
No tax on tips...no tax on overtime...and no tax on Social Security.
Well THANK YOU Dems.
TRUMP 2028
What i do want to bring up, you disgusting hypocrite, is your hypocrisy.
Republicans have bragged about stopping ANY initiative the democrats bring forth except tax cuts (as their pimps, the corporations, have dictated). They have run obstruction since the start of the Obama administration and continued during Biden's. Good. If your government can't get anything passed except tax cuts, you deserve it, as a nation for not getting rid of the two party system.
So now you have the audacity to whine democrats voted no on one of your bills. Go fuk yourself with a cactus.
Irresponsible. Show us you can get debt under control first.Did you demand that any Demoxratic President of the US get debt under control first, or are you just a biased supporter of the Democratic party and unable to think clearly? Here are some figures of increase in the US National Debt for the last 4 presidents :
Joe Biden- $7,035,755,359,123.00 - Democrat
Donald J. Trump- $8,184,018,553,995.10 - Republican
Barack Obama - $8,335,071,012,541.80 - Democrat
George W. Bush- $6,102,365,591,311.64 - Republican
https://www.self.inc/info/us-debt-by-president/
Seems like a fairly even split between the two parties. Why are you demanding that Trump do something Biden was not able to do? Seriously, what the reason for this continued stupidity and biasness.
@Cliff-Mashburn saidYeh, it grows less when Democrats are in charge.
Correct. My bad, I was confusing the deficit with the national debt, which has done nothing but skyrocket every year.
https://www.us-debt-clock.com/
@Rajk999 saidYes I demand this under every president. In my lifetime, Clinton and Obama are the only ones who seem to have even tried.
Did you demand that any Demoxratic President of the US get debt under control first, or are you just a biased supporter of the Democratic party and unable to think clearly? Here are some figures of increase in the US National Debt for the last 4 presidents :
[i]Joe Biden- $7,035,755,359,123.00 - Democrat
Donald J. Trump- $8,184,018,553,995.10 - Republican
Ba ...[text shortened]... ing Biden was not able to do? Seriously, what the reason for this continued stupidity and biasness.
@Rajk999 saidIt's like tug of war. The irresponsible spenders leave a.wake of reckless chaos that the next president needs to rein in. The deficit number increased every single year that Bush or trump were president and mostly decreased while Obama and Biden were president.
Did you demand that any Demoxratic President of the US get debt under control first, or are you just a biased supporter of the Democratic party and unable to think clearly? Here are some figures of increase in the US National Debt for the last 4 presidents :
[i]Joe Biden- $7,035,755,359,123.00 - Democrat
Donald J. Trump- $8,184,018,553,995.10 - Republican
Ba ...[text shortened]... ing Biden was not able to do? Seriously, what the reason for this continued stupidity and biasness.