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

[archives]

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

"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

 

[LV426]

The Trump/Conservative/Russia Tax Cut is the biggest domestic policy blunder since the Bush Tax Cuts.

 

[archives]

The Trump/Conservative/Russia Tax Cut is the biggest domestic policy blunder since the Bush Tax Cuts.

I don't think Trump will run on them in 2020, although any Democrat candidate will hammer home how they didn't do anything for the middle class

 

[LV426]

I don't think Trump will run on them in 2020, although any Democrat candidate will hammer home how they didn't do anything for the middle class

None of the Conservatives ran on it in 2018...in fact, they tried not to talk about it.

Democrats should hammer home the point: Give rich people $2T or forgive all student loan debt and have $400B left over?

 

[cawacko]

"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

What billion dollar subsidies to corporations does he want to end? Plenty on the (libertarian) right want corporate subsidies gone as well. But as Import/Export Bank showed, as just one example, liberals love them some corporate subsidies as well so trying to make it a straight partisan thing ain't accurate.

 

[LV426]

What billion dollar subsidies to corporations does he want to end?

What he wants to do is force companies to pay higher wages so there's less subsidizing of their workforces by taxpayers.

 

[anatta]

I don't think Trump will run on them in 2020, although any Democrat candidate will hammer home how they didn't do anything for the middle class

ROFL..then you haven't looked at wage growth ( skewed towards lower income earner percentiles)
and the amazing amount of new good paying jobs.
Like manufacturing where Obama said it would take a "magic wand" to bring them back-Trump has brought back closer to 500k.

Middle class is fat and spending money like water with high consumer confidence. Trump runs on this

 

[Stretch]

Those college grads better start working 2 and 3 jobs to pay off their debt and begin
paying income tax so that other hard working taxpayers don't have to pay a bill that is
not their responsibility to pay.

 

[cawacko]

I don't think Trump will run on them in 2020, although any Democrat candidate will hammer home how they didn't do anything for the middle class

I'm not sure how working class people paying to subsidize the college education of middle class or well to do kids is helping working class folks.

 

[archives]

What billion dollar subsidies to corporations does he want to end? Plenty on the (libertarian) right want corporate subsidies gone as well. But as Import/Export Bank showed, as just one example, liberals love them some corporate subsidies as well so trying to make it a straight partisan thing ain't accurate.

Specifically, at this point I don't think he lists separate corporations, but being where he stands ideologically, I'd say he supports all corporate subsidies

 

[anatta]

Those college grads better start working 2 and 3 jobs to pay off their debt and begin
paying income tax so that other hard working taxpayers don't have to pay a bill that is
not their responsibility to pay.

but we want free stuff!

 

[anatta]

I'm not sure how working class people paying to subsidize the college education of middle class or well to do kids is helping working class folks.

pay off everything but liberal arts..lol

 

[cawacko]

Specifically, at this point I don't think he lists separate corporations, but being where he stands ideologically, I'd say he supports all corporate subsidies

Not following here. Bernie supports all corporate subsidies? Isn't that the opposite of what you are arguing in the OP?

 

[Heff]

"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

CBO has a tendency to overestimate economic trends over the longer term.

https://www.cbo.gov/publication/53090

 

[archives]

ROFL..then you haven't looked at wage growth ( skewed towards lower income earner percentiles)
and the amazing amount of new good paying jobs.
Like manufacturing where Obama said it would take a "magic wand" to bring them back-Trump has brought back closer to 500k.

Middle class is fat and spending money like water with high consumer confidence. Trump runs on this

No, you are cherry picking select economic indicators to support what you hope is accurate, but the last thing true is that "the middle class is fat," to believe such would be to deny the reality of an ever increasing income inequality. If the "middle class is fat" the upper class is obese

What has been happening for the last two decades, and has accelerated under Trump with such as his tax cut, is a income redistribution from the middle to the top, all individuals as Bernie are trying to do is reverse the trend

 

[archives]

CBO has a tendency to overestimate economic trends over the longer term.

https://www.cbo.gov/publication/53090

Are they 100% correct all the time, no, but comparably:

"CBO’s forecasting record is comparable in quality to those of the Administration and the Blue Chip consensus"

 

[LV426]

then you haven't looked at wage growth ( skewed towards lower income earner percentiles)

Skewed because of how many states raising their minimum wage last year?

You are trying to credit the tax cuts for something the minimum wage accomplished.

Piece. Of. Shit.

 

[LV426]

and the amazing amount of new good paying jobs.

What jobs?

 

[archives]

Not following here. Bernie supports all corporate subsidies? Isn't that the opposite of what you are arguing in the OP?

Meaning, where he is coming from ideologically, he supports eliminating all corporate subsidies, no picking and choosing, just as your Libertarian voices support

 

[LV426]

Like manufacturing where Obama said it would take a "magic wand" to bring them back-Trump has brought back closer to 500k.

Trump didn't bring any of those jobs back...he replaced them with other jobs in different industries and areas.

6% of those manufacturing jobs were in non-durable vices like craft beer, wine, and marijuana.

In the Race for Factory Jobs Under Drumpf, the Midwest Isn’t Winning
https://www.nytimes.com/2019/06/13/business/economy/trump-manufacturing-jobs.html