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Slashing welfare': GOP eyes chopping $5 trillion to pay for Trump priorities — like tax cuts


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Posted
9 hours ago, Lacessit said:

Trump's promises during the campaign added about $5.8 trillion to the deficit. Harris's promises added $1.2 trillion.

 

According to who?  The MSM that's lost all credibility, or the paid shills publishing phony "forecasts" in the runup to the election? 

 

Meanwhile, in real numbers that have already happened, the Harris/Biden administration piled on debt twice as fast as the Bad Orange Man administration, excluding the pandemic spending. 

 

That's the problem for Dems when both candidates had a history.  You can compare what they actually accomplished, not their promises.

 

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Posted
12 hours ago, TedG said:

How much does that yield?   The fact is, the Democrats built a government that we can't afford. 

 

9 hours ago, TedG said:

It’s a fact.  Spending is about 22 percent of the GPD.  When was the last time the government collected over 20 percent of the GDP in revenue?

Not the same 'fact' you claimed earlier.

Posted
15 hours ago, impulse said:

 

I enjoy listening to Thomas Sowell about how the welfare state as it's currently structured absolutely devastates families, mostly Black families.  Though, I don't know if "enjoy" is an accurate word for being so disheartened by how bad it's been screwed up. 

 

Basically, my takeaway from his books and lectures is that the plight of Black families was improving rapidly in the USA from WW2, until the '60s and then the Great Society took pity on them and turned them into wards of the Gub'ment.

 

It's telling that no one has responded to your post. The liberals don't like the truth. It's time for tough love.

 

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Posted
14 hours ago, TedG said:

How much does that yield?   The fact is, the Democrats built a government that we can't afford. 

 

No idea I don't have access to the stats, but don't you believe people earning a reasonably high income can have a hold on additional tax cuts to support the less well off?. I'm sure you're well aware the wealthiest country is the world, USA, in the only G20 country without Universal Health Care - a somewhat ridiculous ideological position.

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Posted
6 hours ago, jimmybcool said:

Do the bottom 50% not also benefit from living in the country? 

 

Not if 40+ million of them cannot afford medical insurance.

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Posted
3 hours ago, Walker88 said:

Your money, eh?

 

I guess you also make or made 8 figures a year? It's always guys who make maybe $100K a year who beef the loudest about "their tax dollars". They're not even a rounding error.

 You're, once again, deflecting from my issue.  I'll never claim my taxes made a dent in the budget, even when I was in the top 10%, then the top 5% of earners.  But those taxes made a huge difference in the choices and compromises I had to make on a daily basis.

 

3 hours ago, Walker88 said:

Personally, I don't mind helping the less fortunate. I don't think I need another tax cut, nor do I think Elon is ever going to worry about his Nick Cannon-level of offspring getting their next meal. I think $400 billion is enough. He'll get by without having to play guitar in front of a subway entrance, hat in front.

 

Neither do I.  But we have to draw a line under it somewhere.  Not an entire lifetime.  And I do object to subsidizing generations of welfare families.  Partly, that's selfish.  But it's also cruel to them.  The biggest incentive I had to go out and get an engineering degree was cleaning toilets and all the other crap jobs I did in my youth.

 

 

 

Posted
7 hours ago, thaibeachlovers said:

no one that is fit should be getting welfare.

 

There will always be some who are unemployed, no country has zero unemployment - governments should provide a safety net. In Thailand the safety net for the poor is their usually extended family who often are also poor.

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Posted

Simple solution is to cut bureaucratic waste, eliminate the DEI/ woke agenda and stop giving handouts to other countries.

I haven't seen anything proposed in the way of welfare cuts apart for Illegals.

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Posted
17 hours ago, impulse said:

 

 

My God.  Those heartless monsters...  Requiring people to actually get out of bed and work as a condition of getting free money...  My money.

 

FoodStamps.jpg.cce1c3c373930aa60c8275ca549cd3c3.jpg

 

I'm sure it won't be popular with some demographics, but they already vote Blue and always will, as long as they get promised free stuff.

 

Er, wasn't the point of the post you are replying to suggesting the complete opposite? That many Goppers are poor, lazy and out of work?

Posted
9 minutes ago, sherwood said:

Simple solution is to cut bureaucratic waste, eliminate the DEI/ woke agenda and stop giving handouts to other countries.

I haven't seen anything proposed in the way of welfare cuts apart for Illegals.

What's on the woke agenda?

Posted
21 hours ago, Isaan sailor said:

Welfare is a good place to start.  There are multiple generations on public welfare—with absent fathers and higher welfare payments for each additional child.  President Clinton instituted a work for welfare program.  We should revisit the program.

"Are there no prisons?" asked Scrooge.
https://www.open-bks.com/tp.gif"Plenty of prisons," said the gentleman, laying down the pen again.
https://www.open-bks.com/tp.gif"And the Union workhouses?" demanded Scrooge. "Are they still in operation?"
https://www.open-bks.com/tp.gif"They are. Still," returned the gentleman, "I wish I could say they were not."
https://www.open-bks.com/tp.gif"The Treadmill and the Poor Law are in full vigour, then?" said Scrooge.
Posted
21 hours ago, simple1 said:

So much for protecting the less fortunate...

 

House Republicans are circulating a “menu” of options that Speaker Mike Johnson’s conference could chose from—reportedly a massive $5 trillion worth of federal government programs to put on the chopping block to pay for the President-elect’s promised priorities, including tax cuts and border security.

 

'Slashing welfare': GOP eyes chopping $5 trillion to pay for Trump priorities — like tax cuts

The GOP ain't cutting jack with a very slim majority in the House of Representatives and both houses need a 2/3 majority.  Good luck with that 

Posted
5 hours ago, impulse said:

 

According to who?  The MSM that's lost all credibility, or the paid shills publishing phony "forecasts" in the runup to the election? 

 

Meanwhile, in real numbers that have already happened, the Harris/Biden administration piled on debt twice as fast as the Bad Orange Man administration, excluding the pandemic spending. 

 

That's the problem for Dems when both candidates had a history.  You can compare what they actually accomplished, not their promises.

 

According to the candidates themselves.

 

Nobody seems to understand $38 trillion in debt at 5% pa interest is adding on almost $2 trillion every year, it's called compounding. Neither party has a mortgage on the claim of responsible economic managers. Whichever party is in power, they will simply print more money.

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Posted
36 minutes ago, Lacessit said:

According to the candidates themselves.

 

Nobody seems to understand $38 trillion in debt at 5% pa interest is adding on almost $2 trillion every year, it's called compounding. Neither party has a mortgage on the claim of responsible economic managers. Whichever party is in power, they will simply print more money.

 

Nobody's disputing that.  I'm responding to the claim that Trump will be worse for the debt than Harris would have.

 

Record Date  Debt Outstanding Amount  Annual  Average
9/30/2024  $          35,464,673,929,172  $ 2,297,339,884,449  $               2,129,820,683,639
9/30/2023  $          33,167,334,044,723  $ 2,238,422,431,416  4 Years of Harris/Biden 
9/30/2022  $          30,928,911,613,307  $ 2,499,993,043,258  
9/30/2021  $          28,428,918,570,049  $ 1,483,527,375,434  
9/30/2020  $          26,945,391,194,615  $ 4,225,989,441,181  Black Swan Event 
9/30/2019  $          22,719,401,753,434  $ 1,203,343,570,254  $               1,142,196,021,737
9/30/2018  $          21,516,058,183,180  $ 1,271,158,167,127  First 3 years of Trump 
9/30/2017  $          20,244,900,016,054  $    671,455,302,117  
9/30/2016  $          19,573,444,713,937  $ 1,422,827,047,452  

 

 

Which conveniently forgets the past 8 years, when Harris/Biden added to the debt at almost twice the rate of the Trump years, excluding the pandemic year (2020), when businesses were going belly up and people lost their jobs. 

 

Historical Debt Outstanding | U.S. Treasury Fiscal Data

https://fiscaldata.treasury.gov/

 

Past performance may not guaranty future results, but it's a more reliable indicator than some election year forecast from a partisan source.

 

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Posted
1 hour ago, impulse said:

 

Nobody's disputing that.  I'm responding to the claim that Trump will be worse for the debt than Harris would have.

 

Record Date  Debt Outstanding Amount  Annual  Average
9/30/2024  $          35,464,673,929,172  $ 2,297,339,884,449  $               2,129,820,683,639
9/30/2023  $          33,167,334,044,723  $ 2,238,422,431,416  4 Years of Harris/Biden 
9/30/2022  $          30,928,911,613,307  $ 2,499,993,043,258  
9/30/2021  $          28,428,918,570,049  $ 1,483,527,375,434  
9/30/2020  $          26,945,391,194,615  $ 4,225,989,441,181  Black Swan Event 
9/30/2019  $          22,719,401,753,434  $ 1,203,343,570,254  $               1,142,196,021,737
9/30/2018  $          21,516,058,183,180  $ 1,271,158,167,127  First 3 years of Trump 
9/30/2017  $          20,244,900,016,054  $    671,455,302,117  
9/30/2016  $          19,573,444,713,937  $ 1,422,827,047,452  

 

 

Which conveniently forgets the past 8 years, when Harris/Biden added to the debt at almost twice the rate of the Trump years, excluding the pandemic year (2020), when businesses were going belly up and people lost their jobs. 

 

Historical Debt Outstanding | U.S. Treasury Fiscal Data

https://fiscaldata.treasury.gov/

 

Past performance may not guaranty future results, but it's a more reliable indicator than some election year forecast from a partisan source.

 

Past performance is not an indicator as the global  and domestic economic contexts are quite different from what they were pre-Covid. Trump's promises have also been significantly amplified compared to 2016. I guess that Trump didn't recently want to cancel the debt ceiling for no reason.

 

The programs of both candidates were going to increase debt significantly. Of course, it may be that Trump ultimately doesn't applies fully his program, as he made rather unrealistic promises (he has already started backpedaling on them). That's the main margin of error for the projections made and it's probably higher than the margin of error from the calculations themselves.

 

Anyway, it will soon be clarified during the budget discussions.

 

 

Posted
3 hours ago, RetiredNavy71 said:

The GOP ain't cutting jack with a very slim majority in the House of Representatives and both houses need a 2/3 majority.  Good luck with that 

two thirds majority for passing welfare cuts?

Posted
4 hours ago, John Drake said:

No taxpayer benefits to anyone who is not a citizen.

So you're against Republican tax cuts going to foreign owners of US corporations then?

 

Because that's where US taxpayer dollars go if corporate rates are cut.

 

Sure you are, Cubby.  Sure you are. 🙄

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Posted
21 hours ago, TedG said:

That's five trillion over 10 years, which is 500 billion annually.  The current deficit is running close to two trillion.  Something needs to be cut.  

Cut the military,over 150 overseas bases, 50,000 people in Okinawa . Is the US that insecure it thinks they need all these. The war has been over 80 years and they still have soldiers in Germany, the Russians went home years ago.

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Posted
4 hours ago, impulse said:

 

Nobody's disputing that.  I'm responding to the claim that Trump will be worse for the debt than Harris would have.

 

Record Date  Debt Outstanding Amount  Annual  Average
9/30/2024  $          35,464,673,929,172  $ 2,297,339,884,449  $               2,129,820,683,639
9/30/2023  $          33,167,334,044,723  $ 2,238,422,431,416  4 Years of Harris/Biden 
9/30/2022  $          30,928,911,613,307  $ 2,499,993,043,258  
9/30/2021  $          28,428,918,570,049  $ 1,483,527,375,434  
9/30/2020  $          26,945,391,194,615  $ 4,225,989,441,181  Black Swan Event 
9/30/2019  $          22,719,401,753,434  $ 1,203,343,570,254  $               1,142,196,021,737
9/30/2018  $          21,516,058,183,180  $ 1,271,158,167,127  First 3 years of Trump 
9/30/2017  $          20,244,900,016,054  $    671,455,302,117  
9/30/2016  $          19,573,444,713,937  $ 1,422,827,047,452  

 

 

Which conveniently forgets the past 8 years, when Harris/Biden added to the debt at almost twice the rate of the Trump years, excluding the pandemic year (2020), when businesses were going belly up and people lost their jobs. 

 

Historical Debt Outstanding | U.S. Treasury Fiscal Data

https://fiscaldata.treasury.gov/

 

Past performance may not guaranty future results, but it's a more reliable indicator than some election year forecast from a partisan source.

 

That's why there is a move to get away from the US dollar ,not a good deal when one country controls the printing presses and can grab any countries cash sitting in a US bank if they don't like someone's politics.

Posted

Yes take it off the poor and needy and give it to the rich and corporations ....they really need more money .

 

regards Worgeordie

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Posted
14 minutes ago, The Old Bull said:

Cut the military,over 150 overseas bases, 50,000 people in Okinawa . Is the US that insecure it thinks they need all these. The war has been over 80 years and they still have soldiers in Germany, the Russians went home years ago.

IIRC part of Trump's pitch during the campaign was to increase military spending.

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