HobNoblin · 36-40, M
Broache73 · 51-55, F
Similarly related;
The other week, Moody’s Ratings lowered the United States Credit Rating. Fitch Ratings and S&P Global Ratings had already done the same. The downgrade was due to Congress’s failure to cut Spending and $37 Trillion National Debt. The House Budget Committee was scrambling to strongarm votes to extend the 2017 Tax Cuts.
Donald Trump's “Big Beautiful Bill” has new Tax Cuts including repealing Taxes on Tips and Overtime. It “offsets” the “lost” Revenue making some cost saving reforms in Domestic Welfare (Medicaid and SNAP).
According to the Committee for a Responsible Federal Budget, the “Big Beautiful Bill” would increase the National Debt by $3.3 Trillion over 10 years. Republicans will vote against the Bill unless Medicaid and SNAP “Reforms” are limited or dropped and they're finding it difficult to offset their Tax Plan since most of them don't have the good sense to get rid of Government Programs that don't work for anyone except the Bureaucrats and K Street Lobbyists.
Tax Cuts advance Liberty and sound Economics ensuring Taxpayers and Consumers keep more of their own Money they themselves have earned. Tax Cuts that aren't combined with real Spending Cuts are delayed Tax Increases. Cutting Taxes without cutting Spending means more Debt and higher Taxes. Tax Increases come from the Federal Reserve’s Monetization of Debt and weakens the US Dollar’s purchasing power. This “Inflation Tax” only benefits the Political Indentured Servants on Capitol Hill and State Capitols with their Corporate paymasters.
The US Congress won't Cut Spending until you force their hands. The Debt that caused Moody’s and other Credit Rating Agencies to lower the US Government’s Credit Rating is massive Spending. Congress can slash Spending wasted on a Global American Empire that's already crashed and burned. Congress needs to phase out the Warfare/Welfare State. Congress can abolish the Welfare/Warfare State’s enabler by auditing and ending the Federal Reserve. And once and for all Repeal the 16th Amendment, Freeing the American Public from 1913’s greatest Pyramid Scheme— Fiat Money and Income Taxes.
The other week, Moody’s Ratings lowered the United States Credit Rating. Fitch Ratings and S&P Global Ratings had already done the same. The downgrade was due to Congress’s failure to cut Spending and $37 Trillion National Debt. The House Budget Committee was scrambling to strongarm votes to extend the 2017 Tax Cuts.
Donald Trump's “Big Beautiful Bill” has new Tax Cuts including repealing Taxes on Tips and Overtime. It “offsets” the “lost” Revenue making some cost saving reforms in Domestic Welfare (Medicaid and SNAP).
According to the Committee for a Responsible Federal Budget, the “Big Beautiful Bill” would increase the National Debt by $3.3 Trillion over 10 years. Republicans will vote against the Bill unless Medicaid and SNAP “Reforms” are limited or dropped and they're finding it difficult to offset their Tax Plan since most of them don't have the good sense to get rid of Government Programs that don't work for anyone except the Bureaucrats and K Street Lobbyists.
Tax Cuts advance Liberty and sound Economics ensuring Taxpayers and Consumers keep more of their own Money they themselves have earned. Tax Cuts that aren't combined with real Spending Cuts are delayed Tax Increases. Cutting Taxes without cutting Spending means more Debt and higher Taxes. Tax Increases come from the Federal Reserve’s Monetization of Debt and weakens the US Dollar’s purchasing power. This “Inflation Tax” only benefits the Political Indentured Servants on Capitol Hill and State Capitols with their Corporate paymasters.
The US Congress won't Cut Spending until you force their hands. The Debt that caused Moody’s and other Credit Rating Agencies to lower the US Government’s Credit Rating is massive Spending. Congress can slash Spending wasted on a Global American Empire that's already crashed and burned. Congress needs to phase out the Warfare/Welfare State. Congress can abolish the Welfare/Warfare State’s enabler by auditing and ending the Federal Reserve. And once and for all Repeal the 16th Amendment, Freeing the American Public from 1913’s greatest Pyramid Scheme— Fiat Money and Income Taxes.
whowasthatmaskedman · 70-79, M
I disagree on only one point here. Trump is NOT dancing in the minefield. He and the seriously rich Americans are ready to abandon America to its fate and live either elsewhere or in protected enclaves, secure from the harsh reality of life in a future America. It is the regular American people who are being dumped in the the middle of the minefield and told everything is fine. A lot will suffer trying to get out and some will hang back and try to profit from the suffering..😷
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Broache73 · 51-55, F
@whowasthatmaskedman
James Hickman has it right when he made the point about the oncoming the US Government's Economic Train Wreck.
Not once has the Corporate Media elevated the ONE issue that's impacting hundreds of Millions of the American Public, Taxpayers, and Consumers in the next few years.
The US National Debt... and its runaway trajectory easily becoming a major Financial Crisis.
The impact crater for a US Debt Crisis is gargantuan, 350 Million US Citizenry's Lives will be turned upside down. Dozens of Countries relying on the US Financial System will suffer tremendous pain. Billions others will suffer the Second Order consequences.
There’s hardly a word about it. Far more ink has been spilled debating Transgender Bathrooms.
Many of the same Pundits who should've been elevated this issue now complain Elon Musk did a “complete 180” because he thinks the $2 Trillion projected Deficit from the new Tax/Spending Bill is an “Abomination”.
Before, during, and after the 2024 Roll of the Dice🎲, Elon has been laser-focused on personally fixing America’s biggest threat: the ticking Debt Time Bomb. He sacrificed plenty of Time, Money, and Reputation to personally try and stop the catastrophe that'll come if these monstrous Deficits aren’t dealt with.
A few other prominent voices are finally echoing Elon’s warning—like Jamie Dimon, CEO of the world’s biggest Bank.
That’s progress. The Corporate Media sure as Hell don’t want to start this conversation.That’s exactly why it’s hard to imagine we’ll hit the critical Mass of Voters needed to force the Political Indentured Servant on Capitol Hill to tackle the gargantuan Deficits.
James Hickman has it right when he made the point about the oncoming the US Government's Economic Train Wreck.
Not once has the Corporate Media elevated the ONE issue that's impacting hundreds of Millions of the American Public, Taxpayers, and Consumers in the next few years.
The US National Debt... and its runaway trajectory easily becoming a major Financial Crisis.
The impact crater for a US Debt Crisis is gargantuan, 350 Million US Citizenry's Lives will be turned upside down. Dozens of Countries relying on the US Financial System will suffer tremendous pain. Billions others will suffer the Second Order consequences.
There’s hardly a word about it. Far more ink has been spilled debating Transgender Bathrooms.
Many of the same Pundits who should've been elevated this issue now complain Elon Musk did a “complete 180” because he thinks the $2 Trillion projected Deficit from the new Tax/Spending Bill is an “Abomination”.
Before, during, and after the 2024 Roll of the Dice🎲, Elon has been laser-focused on personally fixing America’s biggest threat: the ticking Debt Time Bomb. He sacrificed plenty of Time, Money, and Reputation to personally try and stop the catastrophe that'll come if these monstrous Deficits aren’t dealt with.
A few other prominent voices are finally echoing Elon’s warning—like Jamie Dimon, CEO of the world’s biggest Bank.
That’s progress. The Corporate Media sure as Hell don’t want to start this conversation.That’s exactly why it’s hard to imagine we’ll hit the critical Mass of Voters needed to force the Political Indentured Servant on Capitol Hill to tackle the gargantuan Deficits.
whowasthatmaskedman · 70-79, M
@Broache73 Quite so.. It does make a bizarre sense, when one considered that "corporate" media is the operative phrase. Big business owns and controls everything and also funds the electoral system. so who else are they going to run the country for? But the corporations are no longer bound to America. they are global. And when the carcas of America id sucked dry, they will survive our of London, Cape Town,Zurich and Beijing. As for the average American? Too Bad.. So Sad. You all have guns. Sort it out for yourselves. Its not my problem..My personal bet is that if America is still a nation of laws in 50 years, it wont be the same laws that exist today...😷
Roundandroundwego · 61-69
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SomeMichGuy · M
@swirlie Not sure what that means lol
