Got to admit, seeing this from April of 2016 during the republican primaries is reassuring:
Donald Trump insists he would be able to wipe out the United States’s debt in eight years.
The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.”
...Trump insisted in the interview that “renegotiating all of our deals” would help pay down the debt by sparking economic growth.
“The power is trade. Our deals are so bad,” Trump said. “I would immediately start renegotiating our trade deals with Mexico, China, Japan and all of these countries that are just absolutely destroying us.”
[...][/i]
Today In: "Fiscal Responsibility Party"!
Re: Today In: "Fiscal Responsibility Party"!
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
The GOP’s excuse deficit
Another Sunday, another slate of political talk shows focused on the president’s racist attacks on a member of Congress — in this case, the Twitter volley that Trump launched against House Oversight Committee Chairman Elijah E. Cummings (D-Md.). Acting White House chief of staff Mick Mulvaney drew the short straw as the designated White House presence on the airwaves. Mulvaney struggled to defend the president, who said “no human being would want to live” in Cummings’s majority-black district — unsurprisingly, since it’s indefensible. So instead of restating the obvious — the president is racist — let’s look at another topic: the GOP’s fake concern for the budget deficit.
Last week, the White House reached a budget agreement with House Democrats that increases spending hundreds of billions above the caps set in a 2011 agreement between the Obama administration and the then-Republican House. On “Fox News Sunday,” host Chris Wallace played a clip of Trump promising to balance the budget within five years, then pointed out to Mulvaney some rather damning numbers: “The deficit under Obama dropped by an average of 11 percent a year in his second term. The deficit has increased by 15 percent a year in President Trump’s first two years. Under President Trump, our national debt has increased by more than $2 trillion. And if this bill goes through, estimates are the Trump debt will top $4 trillion.”
Mulvaney argued they had to deal with House Democrats, only for Wallace to note that the GOP controlled the House for the first two years.
[...]
Another Sunday, another slate of political talk shows focused on the president’s racist attacks on a member of Congress — in this case, the Twitter volley that Trump launched against House Oversight Committee Chairman Elijah E. Cummings (D-Md.). Acting White House chief of staff Mick Mulvaney drew the short straw as the designated White House presence on the airwaves. Mulvaney struggled to defend the president, who said “no human being would want to live” in Cummings’s majority-black district — unsurprisingly, since it’s indefensible. So instead of restating the obvious — the president is racist — let’s look at another topic: the GOP’s fake concern for the budget deficit.
Last week, the White House reached a budget agreement with House Democrats that increases spending hundreds of billions above the caps set in a 2011 agreement between the Obama administration and the then-Republican House. On “Fox News Sunday,” host Chris Wallace played a clip of Trump promising to balance the budget within five years, then pointed out to Mulvaney some rather damning numbers: “The deficit under Obama dropped by an average of 11 percent a year in his second term. The deficit has increased by 15 percent a year in President Trump’s first two years. Under President Trump, our national debt has increased by more than $2 trillion. And if this bill goes through, estimates are the Trump debt will top $4 trillion.”
Mulvaney argued they had to deal with House Democrats, only for Wallace to note that the GOP controlled the House for the first two years.
[...]
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
Oh, good! In their never-ending efforts to reduce the disparity between Americas' 1% Have Everythings, and everyone else, republicans are intent on going even more in on their tax cuts for the rich, "trickle down" "supply side", "Reaganomics", because nearly tripling the national debt under Reagan and more than doubling it under Bush II was so fiscally "conservative" of them.
...In a letter sent to Steve Mnuchin on Monday, the senator from Texas urged the Treasury Secretary to use his “authority” to index capital gains to inflation, a move that would almost exclusively benefit the mega-rich. Claiming, falsely, that the United States economy “has experienced historic levels of growth as a result of Congress and the current administration’s policies such as the Tax Cuts and Jobs Act,” Cruz insists that it is now crucial for the Treasury Department to adjust capital gains for inflation “so that everyday Americans can continue to enjoy better lives and livelihoods.” And by “everyday Americans,” he of course means (but doesn’t say) the spectacularly wealthy.
Missing from Cruz’s call for Mnuchin to use “executive authority” to end this “unfair” treatment of taxpayers, which was signed by 20 of his Republican colleagues, is the fact that, according to the Penn Wharton Budget model, a whopping 86% of the benefit of indexing capital gains to inflation would go to the 1 percent (and reduce annual tax revenue by an estimated $102 billion over a decade). Perhaps seeking to address this criticism, Cruz claimed that changing how capital gains are taxed “would…unlock capital for investment, increase wages, create new jobs, and grow the economy, benefiting Americans across all income levels.” In other words, he’s arguing that the executive branch should give the super-rich another tax cut and it’ll benefit everyone because of trickle-down economics which—checks notes—has never actually worked. Including in the case of the 2017 Tax Cuts and Jobs Act.
...In a letter sent to Steve Mnuchin on Monday, the senator from Texas urged the Treasury Secretary to use his “authority” to index capital gains to inflation, a move that would almost exclusively benefit the mega-rich. Claiming, falsely, that the United States economy “has experienced historic levels of growth as a result of Congress and the current administration’s policies such as the Tax Cuts and Jobs Act,” Cruz insists that it is now crucial for the Treasury Department to adjust capital gains for inflation “so that everyday Americans can continue to enjoy better lives and livelihoods.” And by “everyday Americans,” he of course means (but doesn’t say) the spectacularly wealthy.
Missing from Cruz’s call for Mnuchin to use “executive authority” to end this “unfair” treatment of taxpayers, which was signed by 20 of his Republican colleagues, is the fact that, according to the Penn Wharton Budget model, a whopping 86% of the benefit of indexing capital gains to inflation would go to the 1 percent (and reduce annual tax revenue by an estimated $102 billion over a decade). Perhaps seeking to address this criticism, Cruz claimed that changing how capital gains are taxed “would…unlock capital for investment, increase wages, create new jobs, and grow the economy, benefiting Americans across all income levels.” In other words, he’s arguing that the executive branch should give the super-rich another tax cut and it’ll benefit everyone because of trickle-down economics which—checks notes—has never actually worked. Including in the case of the 2017 Tax Cuts and Jobs Act.
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
Of course trickle down has worked--we've been told that it's so over and over, so it must be true. Because everyone believes what politicians tell them.
Don't inject Lysol.
Re: Today In: "Fiscal Responsibility Party"!
Four of us, two conservatives and 2 progressives, were having a lively political discussion at lunch today when one of the conservatives attempted to throw "fiscal conservatism" out there as one of the reasons he supports the Republican Party. The laughter from the two progressives was so loud that anyone withing 20 feet of us turned and looked at us.
What a joke.
What a joke.
Re: Today In: "Fiscal Responsibility Party"!
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
Just throw it on the pile of obvious examples that will be ignored by GOP voters that Trump's tax cuts were a con meant solely to line his cronies' pockets and artificially inflate economic numbers to aid his reelection campaign.
Re: Today In: "Fiscal Responsibility Party"!
The Repub platform plank #1 Loot US Treasury.
Do not go gentle into that good night, Old age should burn and rave at close of day; Rage, rage against the dying of the light.
Re: Today In: "Fiscal Responsibility Party"!
Fox News Host Neil Cavuto Tells Viewers Trump Is Wrong: ‘China Isn’t Paying These Tariffs. You Are.’
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Frank Wilhoit
Frank Wilhoit
Re: Today In: "Fiscal Responsibility Party"!
We need to get these criminals out of our government. They are standing in the bank in broad daylight ripping us off and Congressional Republicans are holding the door open for them.
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Deleted User 276
Re: Today In: "Fiscal Responsibility Party"!
I can agree with that. Get the criminals and career politicians out of government on BOTH sides. Too many politicians getting rich pretending to be public servants.
Re: Today In: "Fiscal Responsibility Party"!
Know what we need?
A candidate who will drain the swamp!
A candidate who will drain the swamp!
Re: Today In: "Fiscal Responsibility Party"!
Whataboutism no longer works--Trump killed that excuse.IllinoisJayhawk wrote: ↑Tue Aug 13, 2019 10:10 am I can agree with that. Get the criminals and career politicians out of government on BOTH sides. Too many politicians getting rich pretending to be public servants.
Don't inject Lysol.
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Deleted User 276
Re: Today In: "Fiscal Responsibility Party"!
That's nice and all, but that wasn't a whataboutism.seahawk wrote: ↑Tue Aug 13, 2019 11:24 amWhataboutism no longer works--Trump killed that excuse.IllinoisJayhawk wrote: ↑Tue Aug 13, 2019 10:10 am I can agree with that. Get the criminals and career politicians out of government on BOTH sides. Too many politicians getting rich pretending to be public servants.
Stop acting like there aren't problematic politicians on the left. There are. I live in Illinois, a state with a shitpot full of problematic politicians from both parties.
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Deleted User 276