Thurmal34 Posted September 13, 2020 Posted September 13, 2020 $3,000,000,000,000,000 Maybe not everyone understands the price of the tax cuts?
ziltoid Posted September 13, 2020 Posted September 13, 2020 (edited) https://brrr.money/ Edited September 13, 2020 by BeerLeagueHockey
3rdnlng Posted September 14, 2020 Posted September 14, 2020 On 9/12/2020 at 9:09 PM, Thurmal34 said: $3,000,000,000,000,000 Maybe not everyone understands the price of the tax cuts? We don't have an income deficit but a spending problem. Trump's tax cuts actually increased revenue. BTW, check your amount of "0's".
Numark3 Posted September 14, 2020 Posted September 14, 2020 19 minutes ago, 3rdnlng said: We don't have an income deficit but a spending problem. this. Our spending is wildly out of control in this country. 1
keepthefaith Posted September 14, 2020 Posted September 14, 2020 On 9/12/2020 at 8:09 PM, Thurmal34 said: $3,000,000,000,000,000 Maybe not everyone understands the price of the tax cuts? Debt is a problem. You start on the spending side since that's growing faster than revenues. Center column easiest to read. https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary
T master Posted September 14, 2020 Posted September 14, 2020 The spending can't be stopped especially by those that can't balance their own check books be it Republican or Democrat ! We think that if they can vote themselves a raise any time they want that they will not do the same thing with the budget !! Why do we think those politicians that go to school to become lawyers first will be good at their jobs ? Most become lawyers to know how to twist the words in the laws after the Bribers (oh i'm sorry "Lobbyist") do their jobs to push some un needed agenda better known as added Pork to the bills trying to be passed ! Term limits, NO unlimited retirement benefits for politicians, (unless it's the Pres.) would be a great start to cutting out going $$ !!
Tiberius Posted September 14, 2020 Posted September 14, 2020 What are bonds paying in interest now? It's like almost nothing.
keepthefaith Posted September 14, 2020 Posted September 14, 2020 (edited) 10 year treasury's about .7%, 30 year about 1.4%. Super low and that's helping to keep the cost of funding debt down, but we can't count on rates like this forever. Neither party in Washington is willing to do anything about the mounting debt beyond some trimming around the edges. https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield Edited September 14, 2020 by keepthefaith
3rdnlng Posted September 14, 2020 Posted September 14, 2020 2 hours ago, Tiberius said: What are bonds paying in interest now? It's like almost nothing. Now that you bring it up, you should be in bonds. Permanently.
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