I was being obviously facetious as the time of Reagan, Bush, and Trump are when the deficits were increasing despite economic good times.They don't originate in congress when Dems are president?
I was being obviously facetious as the time of Reagan, Bush, and Trump are when the deficits were increasing despite economic good times.They don't originate in congress when Dems are president?
No it is an I'll say for me it's those in the middle that want the status quo have either stayed home or voted for third parties. That is part of what the issue is. And I understand why people do both things so I'm not really trying to take a shot but it's just a fact that that helped trump get in power. Also those in the middle tend be uncomfortable being to mean to people on either side. But at some point you have to take a stand. And the both sides crap get really old when one's sides tactics are much more violent and fraudulent while actively taking rights away and stealing from them.I was at dinner with my more liberal group of friends the other night. When I agreed that this administration’s deportation tactics were fascist in nature but disagreed that we live in a fascist country, I got the usual “easy for you to say being a white male” stuff. Am I the one going crazy or are people a lot more “if you aren’t for me you’re against me” nowadays?
Weird being in the middle. Being a “libtard” around my MAGA friends for being anti-Trump and “right wing” around my liberal friends for not agreeing with everything they say. Just over here alone politically.
JT posting Van Jones.From Van Jones today (posted on Twitter and Facebook):
When we’re arguing about I.C.E., we’re not actually arguing about immigration policy. We’re arguing about legitimacy. And we’re doing it while watching two completely different movies…
I spent the last week really listening to the voices on all sides of this conflict. ICE agents. Protesters. Conservatives. Progressives. Undocumented families. Police Officers. Gov’t officials. Here’s the uncomfortable truth:
Each side thinks it is the reasonable one. Each side thinks the other side is lying or insane. And each side—at SOME level—actually has a point.
Conservatives see law enforcement under attack. Progressives see unchecked federal power running roughshod over neighborhoods. Same events. Totally different data sets and frameworks.
This outcome isn’t by accident. Algorithms are feeding us different videos, headlines and emotional cues. Again: we are not watching the same movie!
From inside the conservative worldview: If enforcement fails, we lose the country. Blocking ICE looks like blocking firefighters.
From inside the progressive worldview: If ICE overreach isn’t resisted now, authoritarianism becomes normal. NOT protesting feels like surrendering democracy.
Neither side is pretending. Both are reacting to real fears. But both are missing critical parts of the picture. Here’s a test of good faith when discussing the I.C.E. issue: Can you name the other side’s deepest fear in a way they’d agree is fair?
We can have constitutional enforcement and legitimate protest. Safety and freedom. But not if we keep letting social media trick us into believing the absolute worst about everyone who disagrees with us.
Both trade deficits and spending have to outpace income (taxes) gathered due to the Triffen Dillemma, so your AI generated points don't really mean much here. And they don't address the elephant in the room, which is the largest wealth discrepancy in the modern era. That is why democratic institutions are breaking down and why the working class are so angry. Hell, its the ultra wealthy that are openly opposing democracy now, both in words and action since it cannot bring them more power than they already have.In 1980, U.S. federal revenue was around $517 billion, marking the start of a decade where revenues nearly doubled despite significant tax cuts under President Ronald Reagan (Reaganomics), driven by strong economic growth and supply-side policies that incentivized work and investment, though deficits also widened due to increased defense spending.
Key Developments in 1980 & Early 1980s:
From 1980-1988, under President Reagan, U.S. federal spending saw significant increases in defense alongside cuts in domestic programs, resulting in large budget deficits and a nearly tripling of the national debt, driven by massive defense buildup (Cold War), tax cuts, and limited cuts in non-defense spending, creating a shift towards higher defense outlays and increased borrowing.
- Revenue Base: Total federal revenue was approximately $517 billion in fiscal year 1980, a figure that would grow to over $1 trillion by 1990.
- Reaganomics: The administration implemented major tax cuts, notably the Economic Recovery Tax Act of 1981 (ERTA), reducing top marginal income tax rates from 70% to 50%.
- Economic Growth: These cuts, coupled with indexing against "bracket creep" from inflation, spurred significant economic expansion, boosting overall tax receipts.
Key Changes in Spending:
Impact on Budgets & Debt:
- Defense Spending Soared: A major focus was rearming the U.S. military, particularly with initiatives like the Strategic Defense Initiative (SDI) or "Star Wars," dramatically increasing defense outlays.
- Domestic Spending Slashed: Reagan pursued cuts in non-defense discretionary spending, affecting programs like community development and social services, though these cuts didn't offset increased defense spending.
- Non-Defense Spending Varied: While cuts occurred, some areas saw increases, such as for air traffic control modernization, immigration reform, and clean-coal technology, but overall domestic spending growth slowed.
In essence, the period was characterized by a massive reorientation of federal priorities towards military strength.
- Massive Deficits: Tax cuts (Economic Recovery Tax Act of 1981) combined with increased defense spending led to huge budget deficits, never balanced during Reagan's tenure.
- National Debt Exploded: The national debt grew from under $1 trillion in 1980 to $2.6 trillion by 1988, as the government borrowed heavily to cover the shortfall.
- "Wartime Deficits": Some conservatives argued these deficits were necessary "wartime deficits" to challenge the Soviet Union, contributing to the Cold War's end.
The problem isn't supply-side economics, which increased revenues, it's spending. Spending outpaced the growth in revenues.
OTOH, our current inflation is the direct result of Keynesian dumping money into the economy.
Why should my tax dollars go to people to have more kids? Isn't that what people say about welfare?
Do our tax dollars go towards other taxpayers' tax credits?
Also those in the middle tend be uncomfortable being to mean to people on either side.

Well, I mean, if those countries would actually stop spending…Both trade deficits and spending have to outpace income (taxes) gathered due to the Triffen Dillemma, so your AI generated points don't really mean much here. And they don't address the elephant in the room, which is the largest wealth discrepancy in the modern era. That is why democratic institutions are breaking down and why the working class are so angry. Hell, its the ultra wealthy that are openly opposing democracy now, both in words and action since it cannot bring them more power than they already have.
And Austerity didn't just fail in Greece, but also in Spain, Portugal and right now they are failing in Argentina. Hence the $40 Billion trump bailout to them. It isn't as easy as just cutting spending.

Why should I have to pay more because I already had kids and don't plan on having any more? Also if this was available a decade ago when I was married why should I have been penalized for only have two kids instead of 3 or more? Why should families that decide to have large families (and Im Catholic so I know a few of them) get more benefits for having more kids? They already get more money back because of their larger amount of dependants.
Im saying this tongue in cheek. More kids = more expenses so idk if they get something I don't. Just trying to apply the same logic others use when stuff like this comes up.
I'm not sure I understand.
Part of the post is about a rising tax credit for children and that's your focus. A child tax credit increase is already a recent rising trend (2017 and 2021). In no way does that increase your taxes. Tax credits place no burden on the rest of the taxpayer base. Tax payers all over the US from all types of background hammer the hell out of the child tax credit and it doesn't touch your wallet.
Try interrupting those rattlesnake handling Pentecostals in North Georgia…
Yes, and when they attempted austerity, it went even worse.
This is the same thing. People who gripe about welfare will gladly take a tax cut on stuff like this. We all get a cut one way or the other on a million tax breaks but if it's something that helps someone else you start hearing about the government stealing from you. Some of it I think is stupid-I don't know why we would want to start making government savings accounts for kids born during a certain time period as that does absolutely nothing to stimulate economic growth which is the whole point of tax credits. But Im not going to complain for real if someone is getting something I don't get because in the end Ill end up getting plenty myself.
Remember January 6th!...feel like this is the new Remember the Alamo!...
Just to be clear, it's ok to interrupt a church service and ICE proceedings, but it's taboo to interrupt the funny political meme thread with a funny meme?Remember January 6th!...feel like this is the new Remember the Alamo!...
Just to be clear, you can comment on a meme....understand now?Just to be clear, it's ok to interrupt a church service and ICE proceedings, but it's taboo to interrupt the funny political meme thread with a funny meme?
I think I understand now....