. WSJ points out that analysts from the whole spectrum say new tax bill makes deficit worse despite cuts to Medicaid and DOGE.
The next 100 days
- Thread starter watu05
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Remember when all of those yokels who never had taken out student loans complained about not getting the benefit of student loan forgiveness while many middle class Americans would.... but now are totally on board with not paying their fair share on their overtime and tips?
Peppridge farm remembers.
And before aTUfan says "keeping their money" I will preface that it all comes out of the same checkbook. I know I paid taxes on my tips and my overtime as I worked in college. Why should that not be taxed?
The only difference between the two situations being.... overtime and service jobs don't actually stimulate the economy in the same way that an educated work force does.
You do realize that the people YOU SUPPORT, knew Biden had advanced cancer meaning POST STAGE 5, knew about it, & LET HIM ANNOUNCE HE IS RUNNING FOR A SECOND TERM?! THIS ALONE KILLS YOUR ABILITY TO DEFEND YOUR SUPPORT OF THESE PEOPLE, NO?!
That’s not true. Well, perhaps for those in congress. Trump has a plan to fix it before he leaves office. It’s called Tariffs, of course, combined with a new tax plan creating the ERS. Those in congress will come around, as they always do. They don’t want to commit career suicide. Which is a matter of FACTUAL repercussion they face if they continue to ignore fiscal responsibility.
AGAIN;
You do realize that the people YOU SUPPORT, knew Biden had advanced cancer meaning POST STAGE 5, knew about it, & LET HIM ANNOUNCE HE IS RUNNING FOR A SECOND TERM?! THIS ALONE KILLS YOUR ABILITY TO DEFEND YOUR SUPPORT OF THESE PEOPLE, NO?!
Ie, it is said, IT IS AN ABSOLUTE CERTAINTY, that any continued support of these people NOT ONLY RENDERS YOU AN ENEMY OF THE STATE BUT IN ADDITION TO TREASONOUS, IT RENDERS YOU MORE A BUFFOON THAN ALL PRIOR USES OF TERM BUFFOON IN THE ENGLISH LANGUAGE?!
The tax bill just shifts more wealth to those who don’t need it and tries to just justify it by cutting Medicaid, carbon free energy and tech research. Without increasing the revenue side cuts alone won’t get us there
How does requiring a select few to pay back their student loans reduce the educated work force?
It sends a signal to subsequent generations that this country values the lowly educated more than it values knowledge and innovation (when chastising student loan holders for trying to be more valuable to the country and being taken advantage of systematically while doing it.... and instead you hypocritically help a different "select few")
Although there is of course some overlap in these groups, the number of people with student loans is several times larger than the number of workers who are primarily compensated via tips.
I think you're already seeing this with a big shift in the attitudes of primary / secondary school kids away from the pursuit of higher learning and towards the trades.... which has some merit sometimes, but employing more plumbers and AC repair techs is not going to help us win technology races with China.
Knowledge and innovation should be revered and lauded, not poopooed as being for a 'select few' and chastised for being elitist.
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Are you on Medicaid? Then you should pay attention.
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I will be in the next few years (I’m old). Proposed cuts to take effect sometime in the future will never take effect btw. History tells us as much
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Disagree. Requiring taxpayers to pay back the student loans of certain individuals does nothing to encourage kids to attend colleges going forward.
You want to encourage college attendance:
1) Make the cost of attendance more affordable. We all know how COA has skyrocketed over the last few decades. Putting this costs at the feet of the taxpayer without significant cost controls is foolhardy. Have I mentioned we are $37T in debt?
2) Make low interest or interest free loans readily available. Set conditions to make some of the balance forgivable. This of course goes hand in hand with #1.
As far as not taxing tips? I’m not sure how much tax benefit most of these service people will receive. Most are lower income and pay little to no federal income tax as it is.
Did you think he said Medicare? I wouldn't think you had any Medicaid benefits. You wouldn't meet the low income or disability requirements to go on Medicaid. He is attacking the vulnerable because he does not have the balls to attack Medicare at this point.
I agree with both 1 &2, but I would also say add a third that helps students who were taken advantage of by a system that desperately needed cost controls.
It's a conveyor belt problem. You have to deal with the root cause of the problem so you don't continue to see students aggregating large debts. But you should also do some remediation for the kids (now adults) who suffered through a system that could have used cost controls and you were too slow to act on their behalf.
I view the gross volume of student loan debt (and it's continuing increase) as a failure of our government to rein in the cost of higher education, and the resultant burden shouldn't be born by the students alone. It's a problem with public policy, not with the students trying to become educated, why should they be punished for poor governance and greedy academia?
P.S. the tax on tips thing mostly hits service oriented states like Nevada where people probably do make enough to pay some income tax.... but again, I argue that favoring one small subgroup (mostly in order to sway election votes, and having little actual effect on GDP), but refusing to actually act to remediate the screw ups for another larger group (who have a much larger GDP contribution) is hypocritical...and it detriments society's appreciation of education.
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What this country is experiencing is a DEPRECIATION of education. Of which you are a result. That & likely having attended what is a Confucius Institute.
Student debt? Easy low cost loans drove debt up. For profit colleges greatly abused it. Non profits and state schools to a lesser extent, but at least they delivered an education. Students and schools just grabbed the easy money without really considering the long term. Banks wanted in too. All contributed to the cost and debt increases. More easy loans won’t fix it.
Correct Why my #1 point is to make college more affordable. Until work is done is that area the other ideas are largely irrelevant
Like SS were either going to have to cut Medicare spending or raise contributions….probably both. The math is the math. We’ve spent far too long down this current fiscal path with no proposed solutions. Just kicking the can down the road. The end of the road is fast approaching. Not much room left to kick
Probably not great to call into question the role of your currency as the global reserve currency by starting tariff wars when you have as much debt as we do.
The other solution is: make more money by increasing revenues.
Ever notice that people almost never complain about the cost of primary education? That’s because it’s publicly funded and was long ago accepted as a societal necessity and generally positive program. Need to do the same thing for higher & vocational education.
We’re about to see our debt service cost soar past $1T a year. Another huge spending entitlement program sounds like a fantastic idea. Suppose it will work until debt service gets to a level where we are forced to cut spending across the board. Lots a pain ahead.
Inflation in the UK increased to 3.5% last month. Our treasury auction today was a disaster. Too much supply and not enough demand. The sustainability of debt / spending long term simply isn’t there. Yet here we are wanting more massive spending programs…insanity.
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I don’t really think this is a Spending issue as much as it is a trade issue exacerbating our debt cycle. Treasuries are being thrown in our faces for being a bad trade partner on top of one who spends incessantly.
If Trump doesn’t pull his global trade war stunt(s), I don’t think you would be seeing these treasury issues today regardless of what the tax and spending proposals were in 2025. If nothing else I would bet my life that such an alternate reality wouldn’t be the same severity as the issues we are now seeing.
Moreover…. I thought the tax cuts that they’re trying to extend were supposed to pay for themselves back when they passed them in 2017? Are you telling me that the Republican caucus LIED about tax cuts actually being budget neutral and therefore should not be subject to budget reconciliation and instead need the approval of a larger swathe of Congress?
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Finally someone with a plan that makes sense.
www.nytimes.com
Ray Dalio’s Prescription for Avoiding Fiscal Catastrophe
The hedge fund billionaire’s take on how to fix America’s fiscal woes is getting a warm reception in Washington, even as he suggests drastic changes.
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You’ve gone to great lengths in the past to defend your communist friends but suggesting the FBI and DOJ are working together to frame Chinese nationals is a step beyond where you’ve gone in the past. Assume you assume the massive intellectual property theft by the Chinese government over the past several decades is a conspiracy theory as well?
Just because Trump is doing a bunch of crazy stuff is no rational reason to suspect any accusation against the Chinese government. That would be like suspecting any accusation against the Russian government. Both Putin & Xi do just as much crazy stuff as Trump, if not more. I think the more underhanded thing the accusation is against, the more likely it is true of Putin & Xi. Trump is not quite so creatively devious as to come up with a false accusation like this. And if it isn't Trumps idea, or what he thinks is his idea, then it probably won't happen.
I'm shocked and amazed that an illegal deportation of a Guatemalan to Mexico got any response from the Trump administration. They actually followed a judges orders and brought him back to the United States. Unlike in the case of Abrego Garcia, where he stayed in the Salvadoran prison.
Wonder why they followed the judges orders this time? Surely it wasn't out of fear of public perception? Or maybe it was. Maybe they figured if they pulled it a second or third time then it might have caused a growing unrest with the public? I doubt that was their motivation, but what do you think? Maybe Mexico cooperated more than El Salvador. I would think El Salvador not cooperating would have driven Trump to insist on it though, seeing as how he doesn't like it when people defy him.
Wonder why they followed the judges orders this time? Surely it wasn't out of fear of public perception? Or maybe it was. Maybe they figured if they pulled it a second or third time then it might have caused a growing unrest with the public? I doubt that was their motivation, but what do you think? Maybe Mexico cooperated more than El Salvador. I would think El Salvador not cooperating would have driven Trump to insist on it though, seeing as how he doesn't like it when people defy him.
Ok. Trump isn’t creative enough to come up with this. But the Stephen Millers and the 2025 crew? Maybe. And claiming Xi is an Equivalent of Putin is not convincing.
I am suggesting given the record of misinformation and lies, let’s check it out.
Who knows? Even a broken clock is right twice a day.
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Appears the DOJ admitted to receiving some erroneous information when the decision to deport him was made. Hence…they requested his return
- Science Funding: Thousands of scientists, academics, physicians and researchers have responded to the administration’s executive order about “restoring a gold standard for science,” which puts Trump’s political appointees in charge of vetting scientific research and gives them the authority to “correct scientific information.”
No, but I doubt they wanted Mexico to return this guy either. Essentially I think they feel like a good latino is one that is in another country.
That situation doesn't seem much different if any different than the one with Garcia. They initially admitted they had made a mistake with Garcia, but he never was brought back.
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