According to the nonpartisan Congressional Budget Office the House and Senate tax proposals will add an estimated 1.5 trillion to the national debt over the next decade. Should tax reform be revenue neutral?
Recall the CBO opinion on Obamacare?They were so so so wrong! I do not trust anything they tell us.
CBO is incompetent.
There should be a mandatory balanced budget and government spending must be drastically cut
At the least.
As if the CBO has predicted anything correctly over the last three decades.
How many times has the CBO been correct in one of their predictions?
Cut the military budget by no less than two-thirds, kill every last unconstitutional federal welfare program, eliminate the departments of education, Homeland security, and several others, and reduce the saleries of federal office holders. You've got lots of room to lower taxes then.
Yes but that is still tremendously less than the $10+ trillion obama added.
In 8 years.
I love how Democrats care about the debt and Russia now. Never cared about either one before.
I think both parties care about the national debt and deficit, but the democrats know that republicans were complaining about it more and now they don't care. The hypocrisy is on both sides.
The Democrats cared during the Bush years what with those wars we never should have been involved in.
Cut spending. Cut spending. Cut spending. Cut spending.
No, shouldn't it be revenue positive to pay off some of that debt, like he campaigned on?
Who cares? Ôbama added 19 trillion and we seem to be doing just fine. Like the democrats really care about spending now. Whatever.
Really, $19 trillion? Was that a typo or are you just being dense?
What are you a high school math teacher? Did I forget a few decimal points?
The most you could possibly say he added to the debt was $9 trillion.
No, JFish. There were no presidents before Obama. That’s why our capital is named Obama, DC. He is responsible for everything that happened before Trump. Get out of your bubble.
I'm not sure of your point. Are you just trying to be accurate or are you trying to diminish what happened? Because suddenly the democrats are all worried about adding 1.4 trillion, as if it were just fine that Ôbama added so much. Apparently it didn't tip us over the edge, are you saying that 1.5 more is doomsday? They just print more money.
You seemingly intentionally ballooned the highest estimate of what Obama added to he debt by ten trillion dollars in order to assert your narrative.
Was intentional? You're assuming a lot. I don't really care if it was 19 trillion or 9 trillion. Why do you? Would it make it all better for you? Why are you trying to make Ôbama look better? Why do you care? Would only 9 trillion be acceptable because it's Ôbama but 1.4 trillion is unacceptable because it's Trump?
That’s the only reason I can gather that you would add ten trillion dollars to the highest estimate unless you simply don’t care about lying for your narrative.
The GOP tax proposal is bad all on its own, but it sure makes Republicans and conservatives look like hypocrites if they pass something so expensive.
Hypocrites? They never said that you shouldn't spend a little more, they always approve spending a little more. They all overspend. But the Dems aren't just saying hypocrisy for a little more. They're saying that they hate it because Trump wants to do something, anything. And yes, I made a mistake. That doesn't make me a liar. Don't be an ass.
And stop defending Ôbama. What did he ever do for you? Did he get you in the girls bathroom or what?
Alrighty, I can see now that you aren’t someone worth engaging. Good day.
I'll take that as sign that you have nothing more to defend your position in this debate and I'll chalk up a defeat for you. Good day sir.
Whatever you gotta tell yourself, mate.
What, are you Australian?
I think it was wrong that we added so much to the debt under Obama and I think the same about us currently adding to the debt under Trump. But don’t get it twisted... the president isn’t the one adding to the debt, WE THE PEOPLE are adding to the debt.
Well, congress makes spending decisions. The president approves them.
Ultimately it falls on us though. Congress is supposed to represent we the people.
And ultimately we mostly have to pay for it. I say mostly because they spend money that doesn't even exist. They will ask the fed to create money out of thin air to give (loan) to the banks for the congress to borrow for these pet projects that the lobbyists talk them into voting for. It's the biggest scam in history. Even the bank bailouts for the housing crisis wasn't necessary. The banks get the money from the fed that they created out of thin air, then loan to consumers for homes. The homeowners pay back real dollars to the bank. When they default the bank isn't out any real money. In fact they're ahead because all the interest they've made. To ask the taxpayers to pay the bank real dollars for loans of money that never existed in the first place is ludicrous. They could have just drawn a line through it and called it even. A huge scam perpetrated by the last administration.
It should eliminate the deficit.