• Re: Another reminder

    From ScottW@21:1/5 to All on Sat Oct 14 08:00:13 2023
    On Saturday, October 14, 2023 at 7:16:10 AM UTC-7, mINE109 wrote:
    If your political party decides it's okay not to abide by election
    results, it may have trouble choosing its own leadership.

    Looking forward to Speaker Jeffries.

    Stephen can't cope with a party that isn't forced to walk in
    lockstep.
    Who are the representatives supposed to represent...the voters or the party? And what if voters reject both parties and go with a 3rd party or independent? They get locked out of committee assignments,
    have zero input in legislative agenda's etc. How representative is that?

    I live under one party state rule and I notice you aren't migrating here to bask in the glory of democrat
    hegemony.

    ScottW

    --- SoupGate-Win32 v1.05
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  • From mINE109@21:1/5 to All on Sat Oct 14 09:16:06 2023
    If your political party decides it's okay not to abide by election
    results, it may have trouble choosing its own leadership.

    Looking forward to Speaker Jeffries.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Fascist Flea@21:1/5 to All on Sat Oct 14 09:28:54 2023
    Witless's hair-trigger, kneejerk autospasm reflex is always at the ready.

    If your political party decides it's okay not to abide by election
    results, it may have trouble choosing its own leadership.

    Looking forward to Speaker Jeffries.
    Stephen can't cope with a party that isn't forced to walk in lockstep.

    Your paranoid fantasies aside, here's an accurate take on your beloved MAGA droids:

    https://www.gocomics.com/pedroxmolina/2023/10/12

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Sat Oct 14 11:35:14 2023
    On 10/14/23 10:00 AM, ScottW wrote:
    On Saturday, October 14, 2023 at 7:16:10 AM UTC-7, mINE109 wrote:
    If your political party decides it's okay not to abide by election
    results, it may have trouble choosing its own leadership.

    Looking forward to Speaker Jeffries.

    Stephen can't cope with a party that isn't forced to walk in
    lockstep.

    https://www.merriam-webster.com/dictionary/caucus

    "a closed meeting of a group of persons belonging to the same political
    party or faction usually to select candidates or to decide on policy

    also : a group of people united to promote an agreed-upon cause"

    There's that word, 'united.'

    Who are the representatives supposed to represent...the voters or the party?

    When you're choosing party leadership, you pick one over the other
    candidates. You represent your voters with your choice, then your party
    by supporting the winner.

    And what if voters reject both parties and go with a 3rd party or independent? They get locked out of committee assignments,
    have zero input in legislative agenda's etc. How representative is that?

    Where's the third (or even the second) party in a leadership selection?
    Why would your wishes be respected if you don't vote for your own party?

    Of course, the Republicans can't expel the offending eight without
    losing their majority.

    I live under one party state rule and I notice you aren't migrating here to bask in the glory of democrat
    hegemony.

    I live in a nation under a federal government which in trouble because
    the House majority party won't unite behind its own caucus vote winner.

    It's like one party has decided to switch to a parliamentary system
    without changing the election system first. Coalition time. Speaker
    Jeffries?

    When California actually achieves lock-step unity and creates enough
    affordable housing, it will be a great place to which to move.

    --- SoupGate-Win32 v1.05
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  • From ScottW@21:1/5 to All on Sat Oct 14 10:28:16 2023
    On Saturday, October 14, 2023 at 9:35:21 AM UTC-7, mINE109 wrote:
    On 10/14/23 10:00 AM, ScottW wrote:
    On Saturday, October 14, 2023 at 7:16:10 AM UTC-7, mINE109 wrote:
    If your political party decides it's okay not to abide by election
    results, it may have trouble choosing its own leadership.

    Looking forward to Speaker Jeffries.

    Stephen can't cope with a party that isn't forced to walk in
    lockstep.
    https://www.merriam-webster.com/dictionary/caucus

    "a closed meeting of a group of persons belonging to the same political party or faction usually to select candidates or to decide on policy

    Who once bitched about arguing by definition? Oh yeah....that was you.
    Then again...dems once bragged about being the "big tent" party.


    also : a group of people united to promote an agreed-upon cause"

    an...as in one. Only truly common cause that unites dems is republican hatred.

    There's that word, 'united.'
    Who are the representatives supposed to represent...the voters or the party?
    When you're choosing party leadership, you pick one over the other candidates. You represent your voters with your choice, then your party
    by supporting the winner.

    And what are you crying about?

    And what if voters reject both parties and go with a 3rd party or independent? They get locked out of committee assignments,
    have zero input in legislative agenda's etc. How representative is that?
    Where's the third (or even the second) party in a leadership selection?
    Why would your wishes be respected if you don't vote for your own party?

    Wow...there it is. If you don't vote for the party...no representation for you.
    So "united".

    Of course, the Republicans can't expel the offending eight without
    losing their majority.
    I live under one party state rule and I notice you aren't migrating here to bask in the glory of democrat
    hegemony.
    I live in a nation under a federal government which in trouble because
    the House majority party won't unite behind its own caucus vote winner.

    Oh the horror. The gov't is far more threatened by skyrocketing debt which will really shut it down.

    But you're too stupid to see that light ahead in the tunnel.

    and on the cost of Ca. housing....dem taxes and regulations are estimated to increase the cost of
    new construction in Ca. by 30 - 40%

    But hey...you might find a mini-adu you can afford. They're springing up all over. 800 sq feet of luxury.
    A bed in every kitchen.


    ScottW

    --- SoupGate-Win32 v1.05
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  • From Fascist Flea@21:1/5 to All on Sat Oct 14 10:42:04 2023
    All that scratching must have left Witlessdork's earflaps nothing but bloody shreds.

    I live in a nation under a federal government which in trouble because
    the House majority party won't unite behind its own caucus vote winner.
    Oh the horror. The gov't is far more threatened by skyrocketing debt which will really shut it down.

    Just a reminder: There is no award for moving goalposts. I doubt you can
    win even "debating trade" points for that, even the most feces-encrusted ones.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Sat Oct 14 15:53:12 2023
    On 10/14/23 12:28 PM, ScottW wrote:
    On Saturday, October 14, 2023 at 9:35:21 AM UTC-7, mINE109 wrote:
    On 10/14/23 10:00 AM, ScottW wrote:
    On Saturday, October 14, 2023 at 7:16:10 AM UTC-7, mINE109
    wrote:
    If your political party decides it's okay not to abide by
    election results, it may have trouble choosing its own
    leadership.

    Looking forward to Speaker Jeffries.

    Stephen can't cope with a party that isn't forced to walk in
    lockstep.
    https://www.merriam-webster.com/dictionary/caucus

    "a closed meeting of a group of persons belonging to the same
    political party or faction usually to select candidates or to
    decide on policy

    Who once bitched about arguing by definition? Oh yeah....that was
    you.

    It was about you arguing by definition, demanding definitions, etc,
    generally to deny plain meaning. It doesn't mean definitions are bad.

    Then again...dems once bragged about being the "big tent" party.

    Yes, then after they caucus they unite behind the outcome.

    also : a group of people united to promote an agreed-upon cause"

    an...as in one. Only truly common cause that unites dems is
    republican hatred.

    How does that stop the Republicans from naming their own leader?

    Me:
    There's that word, 'united.'

    You know, acting as one. The usual procedure is a caucus meets, decides,
    then unites behind the outcome.

    Who are the representatives supposed to represent...the voters or
    the party?
    When you're choosing party leadership, you pick one over the other
    candidates. You represent your voters with your choice, then your
    party by supporting the winner.

    And what are you crying about?

    To be specific, you wanted to know what could go wrong with your
    incessant questioning of elections based on your disagreement with the
    outcome. Now the GOP is peopled by MAGAs who feel outcomes may be set
    aside so the Speaker vote is just another chance to reverse their caucus
    loss.

    And what if voters reject both parties and go with a 3rd party or
    independent? They get locked out of committee assignments, have
    zero input in legislative agenda's etc. How representative is
    that?
    Where's the third (or even the second) party in a leadership
    selection? Why would your wishes be respected if you don't vote for
    your own party?

    Wow...there it is. If you don't vote for the party...no
    representation for you. So "united".

    But if you vote for the party, your voice is heard and there's a chance
    your view will eventually prevail.

    This doesn't apply to the GOP leadership problems although please name
    any non-Republicans who are in the caucus.

    Of course, the Republicans can't expel the offending eight without
    losing their majority.
    I live under one party state rule and I notice you aren't
    migrating here to bask in the glory of democrat hegemony.
    I live in a nation under a federal government which in trouble
    because the House majority party won't unite behind its own caucus
    vote winner.

    Oh the horror. The gov't is far more threatened by skyrocketing
    debt which will really shut it down.

    It would be nice to have some military aid available.

    But you're too stupid to see that light ahead in the tunnel.

    No, I simply disagree that debt is the immediate problem you think it
    is. And you must not think so either or you'd have protested Trump's tax
    cut.

    and on the cost of Ca. housing....dem taxes and regulations are
    estimated to increase the cost of new construction in Ca. by 30 -
    40%

    Yes, they need different regulations to enable more lower cost
    construction. Eliminating single-family zoning is one easy thing to do.
    I'm sure there's other low-hanging fruit.

    But hey...you might find a mini-adu you can afford. They're
    springing up all over. 800 sq feet of luxury. A bed in every
    kitchen.

    800 sq ft is livable for a couple, a student, a fast food worker, a
    health care aide, etc. The rest of the world manages, although I need
    more space than the Paris minimum of 9 sq meters.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to All on Sun Oct 15 19:54:03 2023
    On Saturday, October 14, 2023 at 10:16:10 AM UTC-4, mINE109 wrote:
    If your political party decides it's okay not to abide by election
    results, it may have trouble choosing its own leadership.

    Looking forward to Speaker Jeffries.

    You just put the fear of God in Matt Gaetz.
    If I can get 10 Reps to threaten to vote present, Reps will unanimously
    pick a reasonable Rep, or they will get Jeffries.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to All on Wed Oct 18 12:23:01 2023
    On 10/14/23 3:53 PM, mINE109 wrote:

    (Replying to Scott )
    No, I simply disagree that debt is the immediate problem you think it
    is. And you must not think so either or you'd have protested Trump's tax
    cut.

    I stand corrected. According to this: "Long-term projections show that
    federal debt as a percentage of the U.S. economy is on a path to grow indefinitely, with increased noninterest spending due to demographic
    changes... outstripping revenues under projections based on current law."

    https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    The cause?

    "[T]he Bush and Trump tax cuts... are responsible for more than 90
    percent of the change in the trajectory of the debt ratio to date (see
    Figure 3) and will grow to be responsible for more than 100 percent of
    the debt ratio increase in the future. They are thus entirely
    responsible for the fiscal gap—the magnitude of the reduction in the
    primary deficit needed to stabilize the debt ratio over the long run."

    Maybe not the an immediate problem but one that must be addressed,
    preferably by an reversing the trend towards reducing revenue.

    --- SoupGate-Win32 v1.05
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  • From ScottW@21:1/5 to All on Wed Oct 18 10:46:59 2023
    On Wednesday, October 18, 2023 at 10:23:04 AM UTC-7, mINE109 wrote:
    On 10/14/23 3:53 PM, mINE109 wrote:

    (Replying to Scott )
    No, I simply disagree that debt is the immediate problem you think it
    is. And you must not think so either or you'd have protested Trump's tax cut.
    I stand corrected. According to this: "Long-term projections show that federal debt as a percentage of the U.S. economy is on a path to grow indefinitely, with increased noninterest spending due to demographic changes... outstripping revenues under projections based on current law."

    https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    The cause?

    "[T]he Bush and Trump tax cuts... are responsible for more than 90
    percent of the change in the trajectory of the debt ratio to date (see Figure 3) and will grow to be responsible for more than 100 percent of
    the debt ratio increase in the future. They are thus entirely
    responsible for the fiscal gap—the magnitude of the reduction in the primary deficit needed to stabilize the debt ratio over the long run."

    Complete nonsense. Look at the federal revenue charts.

    and note this gem straight from the gov.

    Since 2015, the Revenue-to-GDP ratio has increased from 18% to 19%.

    https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/

    ScottW

    --- SoupGate-Win32 v1.05
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  • From mINE109@21:1/5 to ScottW on Wed Oct 18 14:40:10 2023
    On 10/18/23 12:46 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 10:23:04 AM UTC-7, mINE109 wrote:
    On 10/14/23 3:53 PM, mINE109 wrote:

    (Replying to Scott )
    No, I simply disagree that debt is the immediate problem you think it
    is. And you must not think so either or you'd have protested Trump's tax >>> cut.
    I stand corrected. According to this: "Long-term projections show that
    federal debt as a percentage of the U.S. economy is on a path to grow
    indefinitely, with increased noninterest spending due to demographic
    changes... outstripping revenues under projections based on current law."

    https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    The cause?

    "[T]he Bush and Trump tax cuts... are responsible for more than 90
    percent of the change in the trajectory of the debt ratio to date (see
    Figure 3) and will grow to be responsible for more than 100 percent of
    the debt ratio increase in the future. They are thus entirely
    responsible for the fiscal gap—the magnitude of the reduction in the
    primary deficit needed to stabilize the debt ratio over the long run."

    Complete nonsense. Look at the federal revenue charts.

    You'll find the American Prospect to be well-sourced. It takes two to
    make a ratio so the revenue chart is only useful inasmuch as it compares
    to the debt level.

    I refer you to Figure 3 at the link.

    and note this gem straight from the gov.

    Since 2015, the Revenue-to-GDP ratio has increased from 18% to 19%.

    https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/

    However, I'm glad to see you're no longer concerned about the debt level.

    What happens when Republicans make the Trump cuts permanent? A $2.6
    trillion swing the wrong way.

    More American Prospect:

    The underlying fiscal result of Clinton-era policy—having, at the very
    least, a primary surplus and a declining debt ratio—was projected to
    persist indefinitely until the Bush tax cuts were made permanent. The Congressional Budget Office’s (CBO’s) last long-term budget outlook
    before those tax cuts were largely permanently extended projected that
    revenues would be higher than noninterest spending for each of the 65
    years that its extended baseline covered. In other words, right up until
    before the Bush tax cuts were made permanent, the CBO was projecting
    that, even with an aging population and ever-growing health care costs, revenues were nonetheless expected to keep up with program costs.
    However, in the next year, that was no longer the case. As a result of
    the massive tax cut, the CBO projected that revenues would no longer
    keep up due to being cut so drastically and, as a result, the debt ratio
    would rise indefinitely.

    End quote.

    --- SoupGate-Win32 v1.05
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  • From ScottW@21:1/5 to All on Wed Oct 18 18:32:28 2023
    On Wednesday, October 18, 2023 at 12:40:15 PM UTC-7, mINE109 wrote:
    On 10/18/23 12:46 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 10:23:04 AM UTC-7, mINE109 wrote:
    On 10/14/23 3:53 PM, mINE109 wrote:

    (Replying to Scott )
    No, I simply disagree that debt is the immediate problem you think it >>> is. And you must not think so either or you'd have protested Trump's tax >>> cut.
    I stand corrected. According to this: "Long-term projections show that
    federal debt as a percentage of the U.S. economy is on a path to grow
    indefinitely, with increased noninterest spending due to demographic
    changes... outstripping revenues under projections based on current law." >>
    https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    The cause?

    "[T]he Bush and Trump tax cuts... are responsible for more than 90
    percent of the change in the trajectory of the debt ratio to date (see
    Figure 3) and will grow to be responsible for more than 100 percent of
    the debt ratio increase in the future. They are thus entirely
    responsible for the fiscal gap—the magnitude of the reduction in the
    primary deficit needed to stabilize the debt ratio over the long run."

    Complete nonsense. Look at the federal revenue charts.
    You'll find the American Prospect to be well-sourced. It takes two to
    make a ratio so the revenue chart is only useful inasmuch as it compares
    to the debt level.

    What part of revenue to GDP is confusing you now?


    I refer you to Figure 3 at the link.

    Which is complete BS. The attribute debt to loss of revenue.
    Except revenues did not decline. Spending rose.



    and note this gem straight from the gov.

    Since 2015, the Revenue-to-GDP ratio has increased from 18% to 19%.

    https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/
    However, I'm glad to see you're no longer concerned about the debt level.

    More BS.


    What happens when Republicans make the Trump cuts permanent? A $2.6
    trillion swing the wrong way.

    More American Prospect:

    The underlying fiscal result of Clinton-era policy—having, at the very least, a primary surplus and a declining debt ratio—was projected to persist indefinitely until the Bush tax cuts were made permanent.

    You can't ignore spending. At this point dems have proven they will find a way
    to outspend any revenue increases from tax increases.

    Now if republicans want to raise taxes for the sole purpose of diminishing deficit....
    I would consider it. But I'd rather try Vivek's solution first.

    ScottW

    --- SoupGate-Win32 v1.05
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  • From mINE109@21:1/5 to ScottW on Thu Oct 19 09:54:15 2023
    On 10/18/23 8:32 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 12:40:15 PM UTC-7, mINE109 wrote:
    On 10/18/23 12:46 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 10:23:04 AM UTC-7, mINE109 wrote:
    On 10/14/23 3:53 PM, mINE109 wrote:

    (Replying to Scott )
    No, I simply disagree that debt is the immediate problem you think it >>>>> is. And you must not think so either or you'd have protested Trump's tax >>>>> cut.
    I stand corrected. According to this: "Long-term projections show that >>>> federal debt as a percentage of the U.S. economy is on a path to grow
    indefinitely, with increased noninterest spending due to demographic
    changes... outstripping revenues under projections based on current law." >>>>
    https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    The cause?

    "[T]he Bush and Trump tax cuts... are responsible for more than 90
    percent of the change in the trajectory of the debt ratio to date (see >>>> Figure 3) and will grow to be responsible for more than 100 percent of >>>> the debt ratio increase in the future. They are thus entirely
    responsible for the fiscal gap—the magnitude of the reduction in the >>>> primary deficit needed to stabilize the debt ratio over the long run."

    Complete nonsense. Look at the federal revenue charts.
    You'll find the American Prospect to be well-sourced. It takes two to
    make a ratio so the revenue chart is only useful inasmuch as it compares
    to the debt level.

    What part of revenue to GDP is confusing you now?

    The relevance to debt to GDP.

    I refer you to Figure 3 at the link.

    Which is complete BS. The attribute debt to loss of revenue.
    Except revenues did not decline. Spending rose.

    It's a ratio. GDP got bigger. It's nonsensical to say tax cuts don't
    cause a reduction in revenue.

    Well, unless you've bought into Laffer Curve thinking. Long debunked.

    and note this gem straight from the gov.

    Since 2015, the Revenue-to-GDP ratio has increased from 18% to 19%.

    https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/ >> However, I'm glad to see you're no longer concerned about the debt level.

    More BS.

    With revenue up, you have nothing to worry about.

    What happens when Republicans make the Trump cuts permanent? A $2.6
    trillion swing the wrong way.

    More American Prospect:

    The underlying fiscal result of Clinton-era policy—having, at the very
    least, a primary surplus and a declining debt ratio—was projected to
    persist indefinitely until the Bush tax cuts were made permanent.

    You can't ignore spending. At this point dems have proven they will find a way
    to outspend any revenue increases from tax increases.

    Democrats fix Republican economic problems. Republicans cut taxes. Cycle repeats.

    AmPro: "The underlying fiscal result of Clinton-era policy—having, at
    the very least, a primary surplus and a declining debt ratio—was
    projected to persist indefinitely until the Bush tax cuts were made
    permanent."

    Now if republicans want to raise taxes for the sole purpose of diminishing deficit....
    I would consider it. But I'd rather try Vivek's solution first.

    Insider trading in pharma stock?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Thu Oct 19 09:27:04 2023
    On Thursday, October 19, 2023 at 7:54:20 AM UTC-7, mINE109 wrote:
    On 10/18/23 8:32 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 12:40:15 PM UTC-7, mINE109 wrote:
    On 10/18/23 12:46 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 10:23:04 AM UTC-7, mINE109 wrote: >>>> On 10/14/23 3:53 PM, mINE109 wrote:

    (Replying to Scott )
    No, I simply disagree that debt is the immediate problem you think it >>>>> is. And you must not think so either or you'd have protested Trump's tax
    cut.
    I stand corrected. According to this: "Long-term projections show that >>>> federal debt as a percentage of the U.S. economy is on a path to grow >>>> indefinitely, with increased noninterest spending due to demographic >>>> changes... outstripping revenues under projections based on current law."

    https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    The cause?

    "[T]he Bush and Trump tax cuts... are responsible for more than 90
    percent of the change in the trajectory of the debt ratio to date (see >>>> Figure 3) and will grow to be responsible for more than 100 percent of >>>> the debt ratio increase in the future. They are thus entirely
    responsible for the fiscal gap—the magnitude of the reduction in the >>>> primary deficit needed to stabilize the debt ratio over the long run." >>>
    Complete nonsense. Look at the federal revenue charts.
    You'll find the American Prospect to be well-sourced. It takes two to
    make a ratio so the revenue chart is only useful inasmuch as it compares >> to the debt level.

    What part of revenue to GDP is confusing you now?
    The relevance to debt to GDP.

    If revenues rose as a percent of GDP and debt also rose as a percent of GDP then you must know that spending had to be major driving factor.
    Only argument you might have and will have is that spending on servicing debt rose.
    But it's still spending.



    I refer you to Figure 3 at the link.

    Which is complete BS. The attribute debt to loss of revenue.
    Except revenues did not decline. Spending rose.
    It's a ratio. GDP got bigger. It's nonsensical to say tax cuts don't
    cause a reduction in revenue.

    You take away the tax cuts and you can't assume GDP won't be affected.
    Revenue records show the tax cuts only reduced the potential increase in revenue
    due to GDP growth which would be less if tax cuts weren't enacted. How much is just a guess.
    You can't claim to know but you need to know for those charts and that's why they're BS.

    Bottom line....revenues didn't decline and with tax cuts in place have still risen and even set records.
    Yet spending continues to create deficits and add to the debt.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Thu Oct 19 12:16:03 2023
    On 10/19/23 11:27 AM, ScottW wrote:
    On Thursday, October 19, 2023 at 7:54:20 AM UTC-7, mINE109 wrote:
    On 10/18/23 8:32 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 12:40:15 PM UTC-7, mINE109 wrote:
    On 10/18/23 12:46 PM, ScottW wrote:
    On Wednesday, October 18, 2023 at 10:23:04 AM UTC-7, mINE109 wrote: >>>>>> On 10/14/23 3:53 PM, mINE109 wrote:

    (Replying to Scott )
    No, I simply disagree that debt is the immediate problem you think it >>>>>>> is. And you must not think so either or you'd have protested Trump's tax
    cut.
    I stand corrected. According to this: "Long-term projections show that >>>>>> federal debt as a percentage of the U.S. economy is on a path to grow >>>>>> indefinitely, with increased noninterest spending due to demographic >>>>>> changes... outstripping revenues under projections based on current law."

    https://www.americanprogress .org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    The cause?

    "[T]he Bush and Trump tax cuts... are responsible for more than 90 >>>>>> percent of the change in the trajectory of the debt ratio to date (see >>>>>> Figure 3) and will grow to be responsible for more than 100 percent of >>>>>> the debt ratio increase in the future. They are thus entirely
    responsible for the fiscal gap—the magnitude of the reduction in the >>>>>> primary deficit needed to stabilize the debt ratio over the long run." >>>>>
    Complete nonsense. Look at the federal revenue charts.
    You'll find the American Prospect to be well-sourced. It takes two to
    make a ratio so the revenue chart is only useful inasmuch as it compares >>>> to the debt level.

    What part of revenue to GDP is confusing you now?
    The relevance to debt to GDP.

    If revenues rose as a percent of GDP and debt also rose as a percent of GDP then you must know that spending had to be major driving factor.
    Only argument you might have and will have is that spending on servicing debt rose.
    But it's still spending.

    Unlike you, I don't think spending is bad.

    I refer you to Figure 3 at the link.

    Which is complete BS. The attribute debt to loss of revenue.
    Except revenues did not decline. Spending rose.
    It's a ratio. GDP got bigger. It's nonsensical to say tax cuts don't
    cause a reduction in revenue.

    You take away the tax cuts and you can't assume GDP won't be affected.

    GDP growth was steady before and after the tax cuts. Almost like it
    wasn't affected at all.

    Revenue records show the tax cuts only reduced the potential increase in revenue
    due to GDP growth which would be less if tax cuts weren't enacted. How much is just a guess.
    You can't claim to know but you need to know for those charts and that's why they're BS.

    https://www.jec.senate.gov/public/_cache/files/4150f60c-56af-4b6a-8f0e-fb0b34aafed8/tax-cuts-fail-to-deliver-promised-economic-boost.pdf

    "Two years after the tax cuts were enacted, evidence clearly shows that
    the critics were right. Overall, the economy is not outperforming solid
    trends that predated implementation of the tax cuts and were inherited
    from the Obama administration.

    GDP growth has averaged 2.5 percent—exactly the same as the average in
    the quarters before the tax cuts, and nowhere near the 6 percent
    promised by the president."

    Bottom line....revenues didn't decline and with tax cuts in place have still risen and even set records.
    Yet spending continues to create deficits and add to the debt.

    Yet you complain about deficits while reducing revenue and calling for
    more reductions.

    Tax revenues declined by $1.7 trillion compared to projections due to
    the Trump tax bill.

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