7 ms·

>While the US needs to get spending under control There is no evidence of this need and every single cut feels like it hurts the citizens more and more. What

>While the US needs to get spending under control There is no evidence of this need and every single cut feels like it hurts the citizens more and more. What needs to be done is an increase on taxes on the wealthiest corporations and people instead of cutting science funding, food benefits, and kicking people off their health insurance.

itishappy 1y ago
> There is no evidence of this need ... Not sure I agree. Interest on our national debt is increasing (I believe it's third largest spending category, depending on how you break it down) and is expected to surpass defense spending this year. The rest I totally agree with.
- lanstin 1y ago
  Due to tax cuts, not really do to science expenditures.
  - itishappy 1y ago
    Totally agree. My point is mainly that if we did destroy the national debt (as promised by this administration), we'd be able to spend significantly more on whatever we liked. We don't seem to be doing that, however.
    - lanstin 1y ago
      For sure.
    - downrightmike 1y ago
      Last time this admin was around, they inflated the money supply by creating 20% more money than had ever been made. They had zero intention of cutting debt, they just want to use debt to trap everyone else. They lied to you and there is historical evidence that should have made you think twice before supporting them.
      - malcolmgreaves 1y ago
        Pretty sure that poster isn’t supporting them.
      - itishappy 1y ago
        I meant "we" as in the US. I try not to be explicit about my political affiliations online. Or, frankly, in general.
        downrightmike 1y ago
        "First they came for the socialists, and I did not speak out—because I was not a socialist." https://encyclopedia.ushmm.org/content/en/article/martin-niemoeller-first-they-came-for-the-socialists https://encyclopedia.ushmm.org/content/en/article/martin-nie...
        itishappy 1y ago
        I think you're making some very wrong assumptions about me.
echelon 1y ago
Should taxes increase while we're on the brink of recession? Shouldn't we do austerity now, then tax increases during periods of prosperity? Tax increases will trickle down and morph into unemployment, under-investment, and de-growth. Just look what ZIRP / Section 174 did to software engineers. Imagine that across the entire economy. The power of the US economy is in its consumer base. People need to stay employed and see job/salary growth. That means companies need to spend more money on headcount and not cut costs.
- ted_dunning 1y ago
  If tax cuts don't trickle down, it is unlikely that tax increases will.
- Larrikin 1y ago
  >Tax increases will trickle down Piss trickles down, nothing else has trickled down since Reagan made that up. Eggs were slightly up in price at the end of Biden's term, but the tariffs have done nothing except increase the price of everything by 10% across the board. The Trump bill just makes recession more likely. The tax cuts benefit nobody but companies and the most wealthy, which Trump used to pretend he was part of but now actually is.
  - echelon 1y ago
    > Piss trickles down, nothing else has trickled down since Reagan made that up. When businesses face hardship, they lay off. That's demonstrable. Employees are a luxury. When Section 174 tax code ended, that set off a tidal wave of layoffs. And that's not even a new tax -- that's just amortization. When real taxes are levied on businesses, it'll be a blood bath. > tariffs have done nothing except increase the price of everything by 10% across the board. You're preaching to the choir. I'm not a fan of the administration or the tariffs. For a party that purports to be fiscally conservative, they're doing the opposite.

itishappy 1y ago

> There is no evidence of this need ... Not sure I agree. Interest on our national debt is increasing (I believe it's third largest spending category, depending on how you break it down) and is expected to surpass defense spending this year. The rest I totally agree with.

lanstin 1y ago
Due to tax cuts, not really do to science expenditures.
- itishappy 1y ago
  Totally agree. My point is mainly that if we did destroy the national debt (as promised by this administration), we'd be able to spend significantly more on whatever we liked. We don't seem to be doing that, however.
  - lanstin 1y ago
    For sure.
  - downrightmike 1y ago
    Last time this admin was around, they inflated the money supply by creating 20% more money than had ever been made. They had zero intention of cutting debt, they just want to use debt to trap everyone else. They lied to you and there is historical evidence that should have made you think twice before supporting them.
    - malcolmgreaves 1y ago
      Pretty sure that poster isn’t supporting them.
    - itishappy 1y ago
      I meant "we" as in the US. I try not to be explicit about my political affiliations online. Or, frankly, in general.
      - downrightmike 1y ago
        "First they came for the socialists, and I did not speak out—because I was not a socialist." https://encyclopedia.ushmm.org/content/en/article/martin-niemoeller-first-they-came-for-the-socialists https://encyclopedia.ushmm.org/content/en/article/martin-nie...
        itishappy 1y ago
        I think you're making some very wrong assumptions about me.

echelon 1y ago

Should taxes increase while we're on the brink of recession? Shouldn't we do austerity now, then tax increases during periods of prosperity? Tax increases will trickle down and morph into unemployment, under-investment, and de-growth. Just look what ZIRP / Section 174 did to software engineers. Imagine that across the entire economy. The power of the US economy is in its consumer base. People need to stay employed and see job/salary growth. That means companies need to spend more money on headcount and not cut costs.

ted_dunning 1y ago
If tax cuts don't trickle down, it is unlikely that tax increases will.
Larrikin 1y ago
>Tax increases will trickle down Piss trickles down, nothing else has trickled down since Reagan made that up. Eggs were slightly up in price at the end of Biden's term, but the tariffs have done nothing except increase the price of everything by 10% across the board. The Trump bill just makes recession more likely. The tax cuts benefit nobody but companies and the most wealthy, which Trump used to pretend he was part of but now actually is.
- echelon 1y ago
  > Piss trickles down, nothing else has trickled down since Reagan made that up. When businesses face hardship, they lay off. That's demonstrable. Employees are a luxury. When Section 174 tax code ended, that set off a tidal wave of layoffs. And that's not even a new tax -- that's just amortization. When real taxes are levied on businesses, it'll be a blood bath. > tariffs have done nothing except increase the price of everything by 10% across the board. You're preaching to the choir. I'm not a fan of the administration or the tariffs. For a party that purports to be fiscally conservative, they're doing the opposite.