A million simulations show US debt is on an 'unsustainable' path

[30CAT]

This isn't one side or another thing. This is most everyone in our government.

Not many are trying to take control of our debt. We can't afford to keep doing what we are doing. We've got to get America back on track. America first. Period. Raising taxes isn't the answer. STOP SPENDING OUR MONEY is the answer!

A million simulations show US debt is on an 'unsustainable' path

The U.S. is on an "unsustainable" course with regard to its debt-to-GDP ratio, which is expected to hit 123% in 2024, according to a million simulations.

www.foxbusiness.com

 

[extragreen]

STOP SPENDING OUR MONEY is the answer!

Solution: cut taxes

 

[i am herdman]

Solution: cut taxes

You could raise taxes to any level you want. It would still never bee sustainable and our debt paid off.

Our debt is probably the biggest threat to our country. That is not a D or a R thing. It simply is not sustainable and it near the threashold of where it can cause countries and systems to collapse.

 

[extragreen]

You could raise taxes to any level you want. It would still never bee sustainable and our debt paid off.

Our debt is probably the biggest threat to our country. That is not a D or a R thing. It simply is not sustainable and it near the threashold of where it can cause countries and systems to collapse.

Solution: cut taxes

 

[WVUSerg]

This isn't one side or another thing. This is most everyone in our government.

Not many are trying to take control of our debt. We can't afford to keep doing what we are doing. We've got to get America back on track. America first. Period. Raising taxes isn't the answer. STOP SPENDING OUR MONEY is the answer!

A million simulations show US debt is on an 'unsustainable' path

The U.S. is on an "unsustainable" course with regard to its debt-to-GDP ratio, which is expected to hit 123% in 2024, according to a million simulations.

www.foxbusiness.com

Yes the country has a spending problem. They could raise taxes all they want but until we cut spending it won't matter.

 

[extragreen]

Yes the country has a spending problem. They could raise taxes all they want but until we cut spending it won't matter.

Solution: cut taxes

 

[30CAT]

Solution: cut taxes

We definitely could, if we weren't wasting so much.

 

[KyMUfan]

I have seen various scenarios with debt to GDP, interest expense as a % of annual budget, etc.

The Fed raising interest rates in an unprecedented manner in the recent past is not a good thing for long-term sustainability.

 

[extragreen]

We definitely could, if we weren't wasting so much.

^^^Godless lying idiot can't comprehend that cutting taxes decreases revenue. Your last 2 republican idiot presidents have increased the debt by a total of TEN TRILLION DOLLARS with their tax cuts.

 

[extragreen]

I have seen various scenarios with debt to GDP, interest expense as a % of annual budget, etc.

The Fed raising interest rates in an unprecedented manner in the recent past is not a good thing for long-term sustainability.

You prefer the inflation you whine about?

 

[30CAT]

^^^Godless lying idiot can't comprehend that cutting taxes decreases revenue. Your last 2 republican idiot presidents have increased the debt by a total of TEN TRILLION DOLLARS with their tax cuts.

extralyingdumbass adds to his number of lies, doesn’t realize raising taxes will kill jobs and investments.

We have a spending problem. That's all there is to it. A HUGE spending problem.

 

[extragreen]

extralyingdumbass adds to his number of lies, doesn’t realize raising taxes will kill jobs and investments.

Like what happened between 2013-2016 when the UE rate went from 8 to 4.7 ?? And like what happened between 1993-2000 when the UE rate went from 7.3 to 3.9 ??

You Godless lying idiot.

We have a spending problem. That's all there is to it. A HUGE spending problem.

Just for giggles, where do you cut the spending? moron.

 

[30CAT]

Just for giggles, where do you cut the spending? moron.

Oh my, where do I start? Abroad, I would cut billions and billions of unnecessary spending and spending we can't afford, by putting America first. We'll do what we can, as long as America is taken care of.

Domestically, much wasted spending in Washington, going to lobbyists, unnecessary studies and then much investigating on entitlements, before cuts. Down to what they spend on a hammer. A lot of shopping would be done at Wal-Mart or local hardware stores.

ZERO going to illegal foreign nationals (health, education, housing...etc)

Major fines and enforcement for hiring illegal foreign nationals. Federal cuts going to states with sanctuary cities for illegal foreign nationals.

Those alone, would save billions upon billions.

So, so much more. But that's not even the very tip of the iceberg.

 

[i am herdman]

You prefer the inflation you whine about?

cut govt spending

 

[extragreen]

Oh my, where do I start? Abroad, I would cut billions and billions of unnecessary spending and spending we can't afford, by putting America first. We'll do what we can, as long as America is taken care of.

Foreign aid. 70B. Small drop.

Domestically, much wasted spending in Washington, going to lobbyists, unnecessary studies and then much investigating on entitlements, before cuts.

There it is. Exactly what Jesus would do. Cut assistance to the poor. You Godless lying idiot.

ZERO going to illegal foreign nationals (health, education, housing...etc)

Major fines and enforcement for hiring illegal foreign nationals. Federal cuts going to states with sanctuary cities for illegal foreign nationals.

Those alone, would save billions upon billions.

We need trillions. Moron.

So, so much more. But that's not even the very tip of the iceberg.

Exactly. Idiot.

 

[extragreen]

cut govt spending

Where?? You lying idiot.

 

[i am herdman]

Where?? You lying idiot.

across the board, you could get rid of a bunch of govt workers that are duplicated and inefficient. It is literally a joke, well not really as it is sucking the country dry. There are ways to cut it and reduce the size.

 

[30CAT]

There it is. Exactly what Jesus would do. Cut assistance to the poor. You Godless lying idiot.

I said IVESTIGATING. If you're trying to say we're not wasting billions in entitlements, then you don't pay attention.

 

[30CAT]

Foreign aid. 70B. Small drop.

The U.S. government wastes billions of taxpayer dollars every year.

Improper payments, which refer to payments that are made incorrectly by the government, cost the U.S. $247 billion in 2022, according to the Government Accountability Office. The U.S. government has lost almost $2.4 trillion in simple payment errors over the last two decades, by GAO estimates.

$151 billion a year on care for illegal foreign nationals and Democrats are wanting to raise it.

That's quite a bit of wasted tax dollars, extralyingdumbass.

WE HAVE A SERIOUS SPENDING PROBLEM.

Members of Congress should be paid no more than the average median income.

There's lots of easy ways to cut spending.

We need to take a very close look at government grants.

We need to take a very close look at our tax system.

Time has PROVEN when raise taxes We spend more and our debt gets worse.

 

[Rock98Dog]

Total US payroll - $10.5 trillion
Fed spending 2024 - $6.2 trillion
Total state and local govt spending - $3.5 trillion

To fund government at current spending levels you would have to confiscate over 90% of all US payroll from every man, woman and child with a job.

Total corporate profits - $3.4 trillion

So total US revenue available to tax is $13.9 trillion. Total government spending is $9.7 trillion. The government is spending 70% of total taxable revenue. Unless you are good with a 70% personal and business tax rate the only alternative is cutting expenses. Period.

 

[i am herdman]

Total US payroll - $10.5 trillion
Fed spending 2024 - $6.2 trillion
Total state and local govt spending - $3.5 trillion

To fund government at current spending levels you would have to confiscate over 90% of all US payroll from every man, woman and child with a job.

Which would stop the economy and stop the country.

it is not sustainable.

 

[KyMUfan]

The booming economy, not the 2017 tax act, is fueling corporate tax receipts | Brookings

Last year’s strong economic growth, high inflation, and pandemic-related relief legislation - not the 2018 TCJA - increased both corporate profits and the taxes business paid.

www.brookings.edu

Nah... More money to invest in the economy has NOTHING to do with a booming economy...

Typical liberal myopic mindset...

 

[WVUSerg]

The booming economy, not the 2017 tax act, is fueling corporate tax receipts | Brookings

Last year’s strong economic growth, high inflation, and pandemic-related relief legislation - not the 2018 TCJA - increased both corporate profits and the taxes business paid.

www.brookings.edu

Nah... More money to invest in the economy has NOTHING to do with a booming economy...

Typical liberal myopic mindset...

Remember greed thinks that it's all government money anyway.

 

[30CAT]

Remember greed thinks that it's all government money anyway.

That would mean that we work for the government, not the other way around.

extralyingdumbass sure is a dumbass.

 

[raleighherdfan]

Exactly what Jesus would do.

Jesus ran a govt or business?

 

[herdfan06]

across the board, you could get rid of a bunch of govt workers that are duplicated and inefficient. It is literally a joke, well not really as it is sucking the country dry. There are ways to cut it and reduce the size.

Members of Congress do not want to be the ones to go home and tell their constituents that they will be scaling back the federal jobs in the district.

 

[extragreen]

The booming economy, not the 2017 tax act, is fueling corporate tax receipts | Brookings

Last year’s strong economic growth, high inflation, and pandemic-related relief legislation - not the 2018 TCJA - increased both corporate profits and the taxes business paid.

www.brookings.edu

Nah... More money to invest in the economy has NOTHING to do with a booming economy...

Typical liberal myopic mindset...

Business investment is higher under Democrat president's, much like nearly all economic factors

 

[extragreen]

Remember greed thinks that it's all government money anyway.

You're a Godless lying trumptard oath breaking liar. I stated taxes owed to the government belong to the goverment. If you disagree, don't pay your taxes and see what happens. Moron.

 

[extragreen]

That would mean that we work for the government, not the other way around.

extralyingdumbass sure is a dumbass.

You're a Godless lying idiot

 

[extragreen]

Jesus ran a govt or business?

He runs every thing. Moron.

 

[raleighherdfan]

He runs every thing. Moron.

No. Not really. He runs nothing.

I do wonder how a guy like that managed to travel from town to town, village to village, with no form of income. A 30-year-old man still living off his working, carpenter dad? Sounds like modern day millennials and liberals indeed. Sucking off the teet of others that produced while producing nothing but promises of golden streets. Sounds a lot like a comic book writer promising to "help" those that didn't find Jesus's promises enough for them...all for a donation.

 

[30CAT]

Business investment is higher under Democrat president's, much like nearly all economic factors

And it shows...🙄

 

[30CAT]

He runs every thing. Moron.

Free will, extralyingdumbass.

 

[30CAT]

You're a Godless lying idiot

More lies from the board's liar. Not surprising. Like Pedo-Joe, like extralyingdumbass.

 

[raleighherdfan]

Business investment is higher under Democrat president's,

Businesses taking advantage of all the tax cuts repubs gave them prior to Dems coming into office.

 

[extragreen]

No. Not really. He runs nothing.

I do wonder how a guy like that managed to travel from town to town, village to village, with no form of income. A 30-year-old man still living off his working, carpenter dad? Sounds like modern day millennials and liberals indeed. Sucking off the teet of others that produced while producing nothing but promises of golden streets. Sounds a lot like a comic book writer promising to "help" those that didn't find Jesus's promises enough for them...all for a donation.

You're a Godless little trumptard liar who at this rate will spend his last moment before being cast into hell in crying and begging for mercy. And mercy will flee. And you'll have to say "amen" to your own damnation.

 

[extragreen]

And it shows...🙄

...you to be a stupid little Godless trumptard.

 

[extragreen]

Free will, extralyingdumbass.

That's the rules HE set forth. You Godless little trumptard faithless liar.

 

[extragreen]

More lies from the board's liar. Not surprising. Like Pedo-Joe, like extralyingdumbass.

You're a Godless lying idiot.

 

[extragreen]

Businesses taking advantage of all the tax cuts repubs gave them prior to Dems coming into office.

That would explain why 10 of the last 11 recessions started under contard republican presidents. You stupid lying idiot.