GOP budget will add $5 trillion to deficit. Approaching a dangerous line.

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GOP budget will add $5 trillion to deficit. Approaching a dangerous line.

Author: conorlarkin (20550 Posts - Original UHND Member)

Posted at 9:55 am on Apr 11, 2025

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Link: https://www.msnbc.com/morning-joe/watch/-we-have-a-massive-fiscal-problem-steve-rattner-on-trump-backed-budget-blueprint-237128773581

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Replies to: "GOP budget will add $5 trillion to deficit. Approaching a dangerous line."

GOP budget will add $5 trillion to deficit. Approaching a dangerous line. [NT] [LINK] - conorlarkin - 9:55am 4/11/25 (49) [View All]
- MAGA math: Tax cuts for billionaires, huge tariff sales taxes for everyone else [NT] - ND521 - 12:59pm 4/11/25
- Of course, both parties suck at this. - iairishcheeks - 10:08am 4/11/25
  - OK. Both parties have dug us a hole. How do massive tax cuts close the gap? - conorlarkin - 10:38am 4/11/25
    - We don't have to raise taxes as it is not a revenue problem. - iairishcheeks - 10:45am 4/11/25
      - We need revenue to close the gap. - conorlarkin - 10:54am 4/11/25
        lowering taxes led to more revenue [NT] [LINK] - WestCoastIrishFan - 1:02pm 4/11/25
        
        2019 Budget $4.4T, 2024 Revenue $4.9T. - iairishcheeks - 11:33am 4/11/25
        Given that the Defense Budget for 2019 was $734B it would take draconian cuts [IMAGE] - TyroneIrish - 11:56am 4/11/25
        Cutting from the Discretionary isn't "draconian." - jakers - 2:27pm 4/11/25
        Yeah, probably like 50 years. That's what happens when the budget more than doubles over 10 years. [NT] - iairishcheeks - 3:02pm 4/11/25
        Projected Tax Revenues for this year are >$5T. - jakers - 3:43pm 4/11/25
        In 1965, CEO/Avg Worker Compensation was 21/1...right now the ration is over 340/1...Corps and the [LINK] [IMAGE] - TyroneIrish - 10:47am 4/12/25
        To be clear, I have ZERO problem with moving back to Reagan-era marginal tax rates at the top. [NT] - jakers - 12:57pm 4/14/25
        Clinton's era delivered a budget surplus...why not support his tax increases on Corps and the - TyroneIrish - 10:36pm 4/14/25
        
        Congress gets $4.4T to spend, they have to figure out how to do it. BTW, 2014 was $3T [NT] - iairishcheeks - 12:20pm 4/11/25
        $3.1T is Mandatory + Interest...Revenue = $3.5T...now solve the problem. [NT] - TyroneIrish - 12:39pm 4/11/25
        2024 revenue was $4.9T. [NT] - iairishcheeks - 1:03pm 4/11/25
        You're moving the goal posts, Cheeks ;-)...pick any year you want...just stick with it and we'll - TyroneIrish - 2:04pm 4/11/25
        Yeah, you're not getting this. - iairishcheeks - 2:35pm 4/11/25
        How do you get a $0.5T surplus on $3.5T of income in 2019? [NT] - TyroneIrish - 3:06pm 4/11/25
        Basic math. [NT] - iairishcheeks - 3:29pm 4/11/25
        Show it. [NT] - TyroneIrish - 9:28pm 4/11/25
        Already posted in this thread. [NT] - iairishcheeks - 10:12pm 4/11/25
        I already debunked your math. [NT] - TyroneIrish - 12:07am 4/12/25
        I'm guessing that story problems were an issue for you in school. - iairishcheeks - 6:47am 4/12/25
        Stick with any one year…then itemize each discretionary program being cut…when you’re - TyroneIrish - 9:13am 4/12/25
        It's not 2019 anymore, but we can go back to that budget, get it? - iairishcheeks - 9:24am 4/12/25
        See the attached link...which programs...and how much from each...do you recommend be cut?...this is [LINK] - TyroneIrish - 10:27am 4/12/25
        I get it, you don't believe in cutting any spending. [NT] - iairishcheeks - 11:42am 4/12/25
        You're not a very serious person, Cheeks...are you simply trying to hide and avoid the real world? - TyroneIrish - 6:24pm 4/12/25
        Google "debt spiral", because that's what we're headed for. [NT] - iairishcheeks - 8:55am 4/13/25
        Once the GOP accepts truly Progressive Taxation, we'll be able to resolve our Debt problems... - TyroneIrish - 10:02am 4/13/25
        When's the last time we had no debt, you idiot? - iairishcheeks - 2:35pm 4/13/25
        Virtually NO country operates without 'sovereign debt'...the issue is how much of GDP that debt [LINK] [IMAGE] - TyroneIrish - 10:54pm 4/14/25
  - The Dem Party performed exceptionally well at this...the GOP effort couldn't be worse... [LINK] - TyroneIrish - 10:36am 4/11/25
    - You live in a fantasy world where you think the Gore Commission would be possible now. [NT] - iairishcheeks - 10:46am 4/11/25
      - It took both parties cooperating...only the GOP refuses to do that, so write an email to your Rep - TyroneIrish - 11:17am 4/11/25
        Right, the petulant children with their stupid signs at the address are ready to compromise. [NT] - iairishcheeks - 11:34am 4/11/25
        The only "Petulance" lies with those refusing to increase taxes on Corps and the Wealthy...they - TyroneIrish - 11:39am 4/11/25
        I assume the repetitive 3 dots are tears. [NT] - iairishcheeks - 11:44am 4/11/25
        You can't "Get There From Here" w/o raising taxes on Corps and the Wealthy...admit it. [NT] - TyroneIrish - 11:59am 4/11/25
        Not a revenue problem. [NT] [IMAGE] - iairishcheeks - 1:09pm 4/11/25
        Look at the entire picture, Cheeks...not just one chart with no context... [LINK] - TyroneIrish - 2:31pm 4/11/25
        Your mind virus is acting up again. [NT] - iairishcheeks - 3:01pm 4/11/25
        Having trouble facing reality, I see... - TyroneIrish - 3:22pm 4/11/25
        
        It's a problem that can only be solved with both Revenue increases from Corps and the Wealthiest, as - TyroneIrish - 2:18pm 4/11/25
      - Always. And there was a Republican Congress. [NT] - PaND - 10:49am 4/11/25
        Indeed...filled with Reps who were willing to raise taxes on Corps and the Wealthy, along with Cuts - TyroneIrish - 11:20am 4/11/25
  - Aren’t you special? - [NT] - jimbasil - 10:30am 4/11/25