From what I’ve heard it’s just a complete funding cut to all the agencies he’s promised to “destroy”, whose firings have already affected lives like with USAID, the EPA, etc. Idk if there’s medical cuts in there, but there’s definitely cuts to research grants on medicine. And instead of using the savings to pay off the deficit, he’s using it to fund tax cuts to his billionaire friends.
I will never understand how Americans are dumb enough to believe you can cut taxes and pay off the deficit. It’s like if you had credit card debt then quit your job. Oh and in this case you don’t get to quit your job, it’s your neighbor in the mansion next door who probably got us into debt to begin with or owns the debt.
I will never understand how Americans are dumb enough to believe you can cut taxes and pay off the deficit.
If your cuts to programs are greater than the loss from cutting taxes it’s absolutely possible. That’s simple math. Not that I agree with trump obviously but your argument is flawed.
Well that’s what they say they are doing but it’s still not flawed. If I wanted to pay off my debt effectively and quickly I’d get a better job AND reduce my spending. So higher taxes (preferably on the rich) and reduce spending (preferably on non essentials like the military overspending)
All I’m saying is as my parents let’s say you would question my decisions if I did what you suggest, cut my hours but cut my spending MORE. That would be kinda sus.
That’s a much more logical approach, and I think the argument makes it pretty clear that fixing the deficit is not in Republican interests, it’s just lip service. Which is a big problem since the deficit could destroy the economy in the near future.
Oh I agree. Also some of these programs are pretty important. And even the less important ones exist for a reason. I’m not necessarily against trimming the fat but it should be given more consideration than “CLOSE ALL THE THINGS!!”
They have to worry that higher taxes will cause the economy to slow down. Some economists think this is bullshit, and it probably is. But the wealthy will definitely find tax havens and bring their money there, wherever it is in the world. Look at Switzerland.
if only there were some way to prevent this…shame, regulating financial markets properly is one of those many (seemingly) unique problems only the US has
other countries financial markets are much more locked down relative to the US, especially after 2000-2008. or when they do allow for the real degenerate stuff…they try and limit the damage to just other gambling degenerates
naked shorting especially, banned or heavily restricted in most countries now…because…why the fuck should anyone be able to sell something they domt have again? which is still pretty much a free-for-all in the US.
this is by design though, our unregulated financial markets is why the US acts is the world center for “finance”. our markets essentially act as the worlds largest casino, where all the richest degenerates come to gamble trying to make their lines go up more than everyone elses.
the average american worker simply acting as regular exit liquidity, via the 401k shit the Carter/Rockefeller congress passed
The problem is that the economy slowing down is the consequence of their bad budgeting. We can’t get out of the deficit without consequences.
However, the American consumer ultimately is a market for things, so whether or not that market is expensive or cheap, it’s worth being in the market.
The USA also controls its currency and its border. We can tax in ways that no other country can. We can just say, no, you can’t take your USA currency to overseas banks as a us citizen. And if you sell it to buy gold or something, that’s capital gains.
From what I’ve heard it’s just a complete funding cut to all the agencies he’s promised to “destroy”, whose firings have already affected lives like with USAID, the EPA, etc. Idk if there’s medical cuts in there, but there’s definitely cuts to research grants on medicine. And instead of using the savings to pay off the deficit, he’s using it to fund tax cuts to his billionaire friends.
I will never understand how Americans are dumb enough to believe you can cut taxes and pay off the deficit. It’s like if you had credit card debt then quit your job. Oh and in this case you don’t get to quit your job, it’s your neighbor in the mansion next door who probably got us into debt to begin with or owns the debt.
If your cuts to programs are greater than the loss from cutting taxes it’s absolutely possible. That’s simple math. Not that I agree with trump obviously but your argument is flawed.
Well that’s what they say they are doing but it’s still not flawed. If I wanted to pay off my debt effectively and quickly I’d get a better job AND reduce my spending. So higher taxes (preferably on the rich) and reduce spending (preferably on non essentials like the military overspending)
All I’m saying is as my parents let’s say you would question my decisions if I did what you suggest, cut my hours but cut my spending MORE. That would be kinda sus.
That’s a much more logical approach, and I think the argument makes it pretty clear that fixing the deficit is not in Republican interests, it’s just lip service. Which is a big problem since the deficit could destroy the economy in the near future.
Oh I agree. Also some of these programs are pretty important. And even the less important ones exist for a reason. I’m not necessarily against trimming the fat but it should be given more consideration than “CLOSE ALL THE THINGS!!”
They have to worry that higher taxes will cause the economy to slow down. Some economists think this is bullshit, and it probably is. But the wealthy will definitely find tax havens and bring their money there, wherever it is in the world. Look at Switzerland.
if only there were some way to prevent this…shame, regulating financial markets properly is one of those many (seemingly) unique problems only the US has
Genuinely curious how it seems unique to the US. To me it seems unique to the global elite.
other countries financial markets are much more locked down relative to the US, especially after 2000-2008. or when they do allow for the real degenerate stuff…they try and limit the damage to just other gambling degenerates
naked shorting especially, banned or heavily restricted in most countries now…because…why the fuck should anyone be able to sell something they domt have again? which is still pretty much a free-for-all in the US.
this is by design though, our unregulated financial markets is why the US acts is the world center for “finance”. our markets essentially act as the worlds largest casino, where all the richest degenerates come to gamble trying to make their lines go up more than everyone elses.
the average american worker simply acting as regular exit liquidity, via the 401k shit the Carter/Rockefeller congress passed
The problem is that the economy slowing down is the consequence of their bad budgeting. We can’t get out of the deficit without consequences.
However, the American consumer ultimately is a market for things, so whether or not that market is expensive or cheap, it’s worth being in the market.
The USA also controls its currency and its border. We can tax in ways that no other country can. We can just say, no, you can’t take your USA currency to overseas banks as a us citizen. And if you sell it to buy gold or something, that’s capital gains.
Let’s do it.