The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60623
Likes: 57077


Those projections ended up being wrong. That's what I was trying to show


you, and what Dems continue to point to and use to support their false claims that the tax cuts led to the deficit increases we say. Again, you can try to argue revenues would've been higher (and deficits lower) had there been no tax cuts, but if spending goes up $500B and deficit only goes up $400B, there is only one part of that spending/revenue equation that can be blamed. No matter what projections say.

If I still have some time left on my day as King, no I'm not sure my simplistic formula could be applied to entitlements. For SS I would definitely raise the retirement ages for qualifying, and probably raise, but not necessarily eliminate the cap on wages taxed. I would also probably move the disability portion of that to the general fund and keep it separate from the core of SS. For Medicare/Aid, I don't think there is any question those taxes have to go up, and probably by a lot! No way 2.9% is going to get it done. (but with that said, I'm already resigned to Medicaid for All being a question of when, not if)

(In response to this post by CMUHoo)

Posted: 12/29/2020 at 1:13PM



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Current Thread:
 
  
Honest question for the conservatives ... -- Blah 12/28/2020 12:47PM
  I’m no conservative, but I’m with Abe on this one -- WahooMatt05 12/28/2020 4:43PM
  Good question -- three responses:... -- Los Angeles Hoo 12/28/2020 3:53PM
  On #1 -- Beerman 12/28/2020 5:41PM
  I agree with part of your second point. -- Newt 12/28/2020 4:22PM
  Thanks -- appreciate the post. ** -- Los Angeles Hoo 12/28/2020 5:14PM
  No, I think you're right... -- Los Angeles Hoo 12/28/2020 5:30PM
  I pointed out the... -- Los Angeles Hoo 12/28/2020 5:10PM
  I'm a John Kerry flip flopper on it, tbh. -- HAZER 12/28/2020 2:36PM
  I'm in this boat as well -- CMUHoo 12/28/2020 3:17PM
  True. Same holds true re: aid to states and cities that so -- hoolstoptheheels 12/28/2020 2:00PM
  Doesn’t the payout, whether $2k or $600, only go to -- hoolstoptheheels 12/28/2020 1:15PM
  I would be in favor of that -- Beerman 12/28/2020 1:51PM
  I got no problem lowering it, just make it fair. ** -- Cold Hoober Hoo 12/28/2020 1:53PM
  Because GovCo ... ** -- WaxHoo 12/28/2020 1:43PM
  Perhaps -- Beerman 12/28/2020 1:53PM
  Nope, it does not. ** -- hoolstoptheheels 12/28/2020 1:25PM
  Yep ** -- HAZER 12/28/2020 2:12PM
  I don't understand it, except as populism -- Joey Wahoo 12/28/2020 1:00PM

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