That is not happening. His promises fell far short of accomplishing what President Musk promised. Are you saying you are posting again about the slashing spending and do not know what a weak ass attempt it is? Cutting government services is not a good idea. Especially when it 's point is to justify another huge tax cut for the super wealthy.
Moody's downgrades US credit rating
- Thread starter T. A. Gardner
- Start date
T. A. Gardner
Thread Killer
So. you're good with a bloated, inefficient, over-intrusive, often corrupt federal government full of waste, fraud, and abuse, are you?
LurchAddams
There Can be Only One!
From your OWN ARTICLE:Well, thanks to profligate spending, particularly by the last three presidents, Moody's is downgrading the US credit rating from AAA to Aa1.
Moody's strips U.S. government of top credit rating over failure to rein in debt
Moody’s is the last of the three major rating agencies to lower the federal government’s credit. Standard & Poor’s downgraded federal debt in 2011 and Fitch Ratings followed in 2023.www.pbs.org
The Republicans in Congress want to get rid of many Biden and Obama tax credits and breaks especially for things like climate change and green initiatives, along with federal support for expanded Medicare (Obama via Obamacare). On that last one, the chickens have come home to roost, so-to-speak.
The Democrats oppose all of that and want instead to raise taxes, particularly on "The Rich."
LurchAddams
There Can be Only One!
Just you talking, stating facts not in evidence.
It's not just Democrats. There are several Republicans not eager to cut Medicaid and Medicare.
Yes, "a bunch of stuff" like school lunches for kids, funding of disease prevention in 3rd world countries, and R&D for new technology and medical research.
Fuck the trumptards.
T. A. Gardner
Thread Killer
That is an estimate, not an actual figure. It assumes everything else in a extremely complex economy stays static. On the other hand, squandering $2 trillion on nonsense like Biden did, is an actual figure that can be accounted for. Tax cuts usually have less impact than expected while tax increases usually raise less revenue than expected.
T. A. Gardner
Thread Killer
Your obvious appeal to pity aside, yes stuff like that. The federal government doesn't need to do it when private industry, the states, and local government can do it cheaper and better.
LurchAddams
There Can be Only One!
Dude the statistics you post, like your screed about how if we'd just cut entitlements, we could lower taxes. It's crap. Most of our taxes are going towards either defense or debt.That is an estimate, not an actual figure. It assumes everything else in a extremely complex economy stays static. On the other hand, squandering $2 trillion on nonsense like Biden did, is an actual figure that can be accounted for. Tax cuts usually have less impact than expected while tax increases usually raise less revenue than expected.
LurchAddams
There Can be Only One!
None of which as ever been proven. As usual, you're pulling "facts" out of yoru ass.
T. A. Gardner
Thread Killer
Wrong!
Social welfare spending is more than 50% of the budget and growing. It's been that way for decades. It's only when you eliminate mandatory spending and only look at discretionary spending, as the Left often does to disguise reality with a fiction.
LurchAddams
There Can be Only One!
Please don't tell us where you pulled that pie chart out of!Wrong!
Social welfare spending is more than 50% of the budget and growing. It's been that way for decades. It's only when you eliminate mandatory spending and only look at discretionary spending, as the Left often does to disguise reality with a fiction.
T. A. Gardner
Thread Killer
Prove me wrong.
LurchAddams
There Can be Only One!
T. A. Gardner
Thread Killer
That proves me absolutely correct. It makes ZERO FUCKING DIFFERENCE IF THE SPENDING IS MANDITORY OR DISCRETIONARY. Federal spending is out of control because it is on automatic pilot, and the bulk of that spending is on social-welfare programs that eat everything and produce nothing.
LurchAddams
There Can be Only One!
Um. No. Mandatory means "you gotta do it" and discretionary means, "I wanna do it".
You're welcome.
If billionaires could dare give up just 10% more of their taxable income, we could pay off the national debt and feed the entire country. Federal spending is out of control because billionaires have purchased Republican politicians who keep decreasing revenues by cutting taxes, thus growing the deficit.
You're welcome again!
T. A. Gardner
Thread Killer
Doesn't change one iota what I stated. Spending is spending. Making it mandatory doesn't change that if it's not cost effective, or the nation can't afford it, Congress should change it. They have the power to do so. After all, they created the spending to begin with.
And, no if billionaires gave up every cent of their wealth we couldn't pay off the national debt.
Even thought this is a bit old, it is still 100% relevant.
So you admit that the parts of the budget trump promises to increase are a major chunk of the budget?
Dutch Uncle
* Tertia Optio * Defend the Constitution
Notice that MAGAts don't have a problem with adding trillions to the national debt as long as they are the ones adding it.
When? Currently all those people we (for dutch, here "we" means the US) elected to spend wisely are deficit spending like drunken Democrats. I'd say sailors but they stop spending when they run out of money.
Democrats always reduce the deficit, and Republicans aways increase the deficit. That has been true for about half a century.
Nonsense.
Trump's deficit spending in his first term was just under 8 Trillion, Biden's was 8.4 Trillion, that isn't reducing squat. You just say crap and ignore facts. I'll bet you think that the Congress didn't pass that supposedly "balanced" budget during Clinton's terms (wasn't balanced, there was no surplus, we borrowed money to pay the interest on our debt, the books never balanced and social security was robbed, no money in any account now)... I bet you think it was the magic of the lip biting "first black president"...
Anyway, NOBODY in government is actually paying the debt. As long as this is truth expect me to point out that these people are spending your grandchildren's future.
Last edited: