Also from WSJ: Publicly held federal debt stands at about $29 trillion, nearly double the level when Trump and Republicans passed the 2017 tax law. Nearly $1 in every $7 the U.S. spends goes toward paying interest, more than the country spends on defense.
Honestly we need to get our debt under control and neither party takes it seriously. Both sides will screw your grandchildren for short term political gain. We are not a serious country and we are not led by serious government.
We wouldn’t be having a problem if those tax cuts hadn’t been pushed by the GOP Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently. www.americanprogress.org/article/tax-...
Both parties? Bush/ Trump added 10.7 trillion for tax cuts for the wealthy & corporations ( theirs are permanent) then spent an UNBUDGETED 14.5 trillion for Afganistan/ Iraq/ COVID- 25.2 Trillion of our 36 T debt ( and now wants to add another 3.7 T)
Yes GOP much worse. But Dems won’t offer a clean comparison because there’s a lot in the 2017 tax law that they like
Can it only be a year since Cons demanded "clean" and "single issue" bills? The same brain trust that stopped calling themselves "constitutional originalists" when they chose to rally behind "Screw Due Process!". 🙄
There’s such blatant hypocrisy from GOP stalwarts. But also upsetting is how the media reports it. How are the American people supposed to understand that even the cruelest Medicaid and food stamp policies will not pay for these bloated tax policies. The media doesn’t tell them.
Or this: Oh how cute - who doesn’t love a 10 pm Sunday session in the House ? Also calling this Budget quartet “hardliners” concerned about “deep enough spending cuts.” But THEIR cuts- barely a blip Because this is a massive tax cut. Report that! www.washingtonpost.com/politics/202...
GOP all about cutting services for everyone else to pay for their tax cuts.. That 760 billion Bush borrowed was to pay for the tax cuts and Iraq.. ( And yes it is being paid back - started in 2020 and will be repaid in full by 2032. ) Yet they are doing zero to keep SS from being cut by 23% by 2034
Like this: how are they “hard” liners? They’re almost completely caving www.politico.com/live-updates...
You need to understand that in that bill they are giving Trump authority to move funding around that was assigned for other purposes.. which Congress never has done before.. So who knows what he will actually do once they pass it- just know it won’t be good for the people
Let’s not forget Trump illegally took funding to pay for his wall- and later was forced to pay it back.. The way they are doing it this time it give him actual coverage to do so because pre approved by Congress- and we don’t have the #’s to defeat.. Only hope is the Senate ..
And they breathlessly make the 4 holdouts seem like they’re true budget hawks and fighting!! When all they did was fold. They held up the bill for a day and a half only to vote “present” on a Sunday night. they’re anything but hawks. They’re not even doves. They’re carrion
They voted ‘ present’ not yet to get it out of the budget committee. This is the real problem- can make adjustments after passing that were not approved www.commoncause.org/articles/hou...
They can switch one text for an entirely different text as I understand it through an Amendment in the Nature of a Substitute (AINS)
That is the truth and that is what we are really up against- was blatant of their part before the 2024 election… Yet how do we combat that to make sure other Democrats are aware of the issues that are not on social media??
Well I know you disagree with me but I think D’s could do a better job at the contrast. Like tax billionaires more. Said a billion times! And pile on the media when they write about the budget but they focus more on the personalities and cage fight. Every article should have the $’s at the top
It won’t matter to many- many more concerned about losing their jobs if we tax billionaires than they are about those services they don’t need right now being cut
Political groups Congress— we don’t have the votes to override unless Republicans vote with us.. Majority (220) Republican (220) Minority (213) Democratic (213)
Did anyone read the difference in their tax plans? itep.org/kamala-harri...
Really- that is why the Democrats raised the top tax rate when Clinton & Obama were in office and GOP keeps cutting.. Just as Biden & Kamala planned to do.. www.wolterskluwer.com/en/expert-in...
Really- like what- not what I am hearing but apparently you assume that to be the case.. no wonder why we lost..🤦♀️
And how are they supposed to do so when we lost the House & Senate - when are people going to realize how it all works..🤦♀️ If anyone is to blame it is the Democratic voters who didn’t show up to make sure they didn’t gain control of the House & Senate..🤦♀️