XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics
XPost: talk.politics.guns
From: me4guns@verizon.removeme.this2.nospam.net
"Mitchell Holman" wrote in message
news:XnsB19E5074F6287629555@185.151.15.190...
> Yak wrote in news:v5jjmi$2nfut$2@dont-email.me:
>
>> On 6/26/2024 9:50 PM, Mitchell Holman wrote:
>>> "Scout" wrote in
>>> news:v5hp6i$29muh$5@dont-email.me:
>>>
>>>>
>>>>
>>>> "Yak" wrote in message
>>>> news:v4unt8$20goi$1@dont-email.me...
>>>>> On 6/19/2024 9:23 AM, Mitchell Holman wrote:
>>>>>> Thank Joe Biden Democrats wrote in
>>>>>> news:5af043f071b0068d25570d415a641a89@dizum.com:
>>>>>>
>>>>>>> The United States is on a pace to add trillions of dollars to its
>>>>>>> national debt over the next decade, borrowing money more quickly
>>>>>>> than previously expected, at a time when big legislative fights
>>>>>>> loom over taxes and spending.
>>>>>>>
>>>>>>> The Congressional Budget Office said on Tuesday that the U.S.
>>>>>>> national debt is poised to top $56 trillion by 2034, as rising
>>>>>>> spending and interest expenses outpace tax revenues. The mounting
>>>>>>> costs of Social Security and Medicare continue to weigh on the
>>>>>>> nationā?Ts finances, along with rising interest rates, which have
>>>>>>> made it more costly for the federal government to borrow huge sums
>>>>>>> of money.
>>>>>>>
>>>>>>> As a result, the United States is expected to continue running
>>>>>>> large budget deficits, which are the gap between what America
>>>>>>> spends and what it receives through taxes and other revenue. The
>>>>>>> budget deficit in 2024 is projected to be $1.9 trillion, up from a
>>>>>>> forecast earlier this year of $1.6 trillion. Over the next 10
>>>>>>> years, the annual deficit is projected to swell to $2.9 trillion.
>>>>>>> As a share of the economy, debt held by the public in 2034 will be
>>>>>>> 122 percent of gross domestic product, up from 99 percent in 2024.
>>>>>>
>>>>>>
>>>>>> And the cure for that is more tax cuts,
>>>>>> more borrowing, and less enforcement of tax
>>>>>> laws. Right.
>>>>>
>>>>> Here's a radical thought...now, just hear me out. How about cut
>>>>> spending?
>>>>
>>>> Ding! Ding! Ding!
>>>>
>>>> We have a winner.
>>>>
>>>> Spending less than revenue is the means by which debt is eliminated.
>>>>
>>>
>>> Who can we trust to do that?
>>>
>>>
>>>
>>>
>>> Year Fed spending in billions
>>>
>>> 2017..........3,981.6
>>> 2018..........4,109.0
>>> 2019..........4,447.0
>>> 2020..........6,550.4
>>>
>>> https://tinyurl.com/bdff9uv7
>>
>> Looks like we can't trust any of them. Thanks for shooting yourself in
>> the foot.
>>
>>
>
>
> You complain about a problem you have
> no solution to and blame me for it?
Well considering you support representatives engaging in such (at least as
long as they are of your party) then yes. By your approval of such, you are,
in part, to blame for the consequences of such approval.
Either regular deficit spending is wrong.... for all.... or it's not... for
all...
It's a matter of principles... something which you seem to know very little
about.
Let's just say the power to tax is the power to destroy, and we were wrong
to put the power of taxation solely in the hands of government... regardless
of who is doing it or what excuse they make for doing so.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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