"Sanders is right: Republican tax cuts cost more than forgiving student debt"

archives said:
"In 2006, total student loan debt stood at $481bn. Since then, total student loan debt has more than tripled, now standing at $1.6tn."

"An argument put forward by politicians like Sanders is that Republican tax cuts have cost the government more money than would student loan forgiveness."

"These claims are correct."

"This year, the CBO estimated that the new tax law would add $2.3tn to national debt by 2028. Those losses would partly be offset by economic growth of about $461bn meaning that overall, the tax cuts would cost the country $1.9tn."

https://www.theguardian.com/news/datablog/2019/jun/30/student-debt-loan-forgiveness-bernie-sanders

Ouch, looks like all those quick right wing demogogues' criticisms, to put it mildly, of Bernie's recommendations aren't all that accurate, the guy ain't all wrong, and when he talks about ending billion dollar subsidies to corporations to pay for other of his concepts he isn't all wrong either.

Amazing what the right lemmings will dismiss solely cause one of their demogogues label it as socialism
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Except that the tax cuts aren't adding to the debt, revenue is up. Another leftist lie.
 
LV426 said:
What he wants to do is force companies to pay higher wages so there's less subsidizing of their workforces by taxpayers.
Click to expand...

There's an easier solution. If the skills you have produce such a low wage you can't make it, improve your skills. At the same time, stop all social welfare.
 
Hello archives,

archives said:
"In 2006, total student loan debt stood at $481bn. Since then, total student loan debt has more than tripled, now standing at $1.6tn."

"An argument put forward by politicians like Sanders is that Republican tax cuts have cost the government more money than would student loan forgiveness."

"These claims are correct."

"This year, the CBO estimated that the new tax law would add $2.3tn to national debt by 2028. Those losses would partly be offset by economic growth of about $461bn meaning that overall, the tax cuts would cost the country $1.9tn."

https://www.theguardian.com/news/datablog/2019/jun/30/student-debt-loan-forgiveness-bernie-sanders

Ouch, looks like all those quick right wing demogogues' criticisms, to put it mildly, of Bernie's recommendations aren't all that accurate, the guy ain't all wrong, and when he talks about ending billion dollar subsidies to corporations to pay for other of his concepts he isn't all wrong either.

Amazing what the right lemmings will dismiss solely cause one of their demogogues label it as socialism
Click to expand...

Right on BERNIE!
 
Tax cuts cost the government nothing. It’s just less money for the radical Democrat Socialists to buy votes from illegals (non-citizens).
 
anatta said:
6%?? :rolleyes: is not a "replacement" your math is horrid. craft is still manufacturing as is assembly
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Moron, of the jobs you replaced, 6% aren't in durable goods.

Stop acting like a sophist just because your domestic policy was a massive fucking failure that you now have to answer for.


. craft is still manufacturing as is assembly
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It's not a durable good, is it? So you have to move the bar to pretend these jobs are somehow adequate replacements for jobs that used to produce durable goods.

Trump can be known as the booze President...I'm fine with that.
 
anatta said:
dodn't cherry pick my response when it depends on the fuller context
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No. I quoted you in full.

You're trying to credit wage growth at the bottom to your shitty tax cuts when it was really the result of MW increases.

That's why you refuse to answer how many states raised their MW in 2018. You know that the answer will mean it wasn't your tax cuts that did it.


i just showed you state minimum wage increases don't account for all sectors/percentiles growth.
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For the bottom, it sure does!

You're trying to argue that an increase to after-tax income somehow is the same as a wage increase, but you can't show that work. There's no way you can show a nominal increase to after-tax income means an increase to wages. However, I can show that by showing that MW increases grew wages at the bottom...because literally, that's what increasing the MW does.

Your shitty tax cuts were supposed to grow wages by $4,000-$9,000.

They didn't.
 
cawacko said:
Tax cuts are anathema to Bernie and folks who share his economic beliefs. The idea of people keeping more of the money they earn or lower taxes promoting competitiveness or economic incentive is a foreign concept.
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Every time taxes are cut, personal savings decreases and household debt increases.

EVERY. FUCKING. TIME.

You ignore that because you're a dogmatic zealot.
 
countryboy said:
Except that the tax cuts aren't adding to the debt, revenue is up. Another leftist lie.
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Wrong. Revenue is not "up". This is a lie.

Here's Treasury's Actual Statements. It shows Revenue for 2018 was below revenue for 2017.

Receipts
Jan-2017: $344,069
Feb-2017: $171,713
Mar-2017: $216,584
Apr-2017: $455,605
May-2017: $240,418
Jun-2017: $388,660
Jul-2017: $232,040
Aug-2017: $226,311
Sep-2017: $348,722
Oct-2017: $235,341
Nov-2017: $208,374
Dec-2017: $325,797
Total-2017: $3,393,634

Receipts
Jan-2018: $361,038
Feb-2018: $155,623
Mar-2018: $210,832
Apr-2018: $510,447
May-2018: $217,075
Jun-2018: $316,278
Jul-2018: $225,266
Aug-2018: $219,115
Sep-2018: $343,559
Oct-2018: $252,692
Nov-2018: $205,961
Dec-2018: $312,584
Total-2018: $3,330,470

So, in Conservatardia, is $3,330,470 > $3,393,634??
 
Tax cuts mean that the people get to keep more of their own money, less for government to buy votes.

It also means a roaring economy that helps everyone.
 
Celticguy said:
And lets not forget that student loans will continue to be made. You think anyone would pay those back ?
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Ummm...not if there's free public colleges.

If you want to take out a loan for a private school, fine. No one's stopping you.
 
Celticguy said:
Spending is the problem. Like on illegal aliens.
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Spending is the problem. Our three biggest items are S.S., Medicare and the military. People give lip service to the government overspending but in reality very few want to address it.
 
archives said:
"In 2006, total student loan debt stood at $481bn. Since then, total student loan debt has more than tripled, now standing at $1.6tn."

"An argument put forward by politicians like Sanders is that Republican tax cuts have cost the government more money than would student loan forgiveness."

"These claims are correct."

"This year, the CBO estimated that the new tax law would add $2.3tn to national debt by 2028. Those losses would partly be offset by economic growth of about $461bn meaning that overall, the tax cuts would cost the country $1.9tn."

https://www.theguardian.com/news/datablog/2019/jun/30/student-debt-loan-forgiveness-bernie-sanders

Ouch, looks like all those quick right wing demogogues' criticisms, to put it mildly, of Bernie's recommendations aren't all that accurate, the guy ain't all wrong, and when he talks about ending billion dollar subsidies to corporations to pay for other of his concepts he isn't all wrong either.

Amazing what the right lemmings will dismiss solely cause one of their demogogues label it as socialism
Click to expand...

Sanders is a looney tune, but please back him
 
LV426 said:
Wrong. Revenue is not "up". This is a lie.

Here's Treasury's Actual Statements. It shows Revenue for 2018 was below revenue for 2017.

Receipts
Jan-2017: $344,069
Feb-2017: $171,713
Mar-2017: $216,584
Apr-2017: $455,605
May-2017: $240,418
Jun-2017: $388,660
Jul-2017: $232,040
Aug-2017: $226,311
Sep-2017: $348,722
Oct-2017: $235,341
Nov-2017: $208,374
Dec-2017: $325,797
Total-2017: $3,393,634

Receipts
Jan-2018: $361,038
Feb-2018: $155,623
Mar-2018: $210,832
Apr-2018: $510,447
May-2018: $217,075
Jun-2018: $316,278
Jul-2018: $225,266
Aug-2018: $219,115
Sep-2018: $343,559
Oct-2018: $252,692
Nov-2018: $205,961
Dec-2018: $312,584
Total-2018: $3,330,470

So, in Conservatardia, is $3,330,470 > $3,393,634??
Click to expand...

so you're proposing you take away all of our tax cuts, and use the money to send people to school free?

you're retarded right?
 
cawacko said:
Spending is the problem. Our three biggest items are S.S., Medicare and the military. People give lip service to the government overspending but in reality very few want to address it.
Click to expand...

This is fiscal terrorism: deliberately fly planes of tax cuts into the budget, then cry crocodile tears over the resulting deficit "crisis" to use as an excuse to cut the spending to which you are ideologically opposed, for the purpose of exacting punitive harm those you sanctimoniously judge, but lack all courage, will, and support to repeal through conventional legislation.
 
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