GDP growth for the second quarter was +4.1%, second highest in 15 years

[Sea Dangles]

Yup, now the deficit is important to Wayne.
Posted from my iPhone/Mobile device

[wdmso]

Originally Posted by Sea Dangles

Yup, now the deficit is important to Wayne.
Posted from my iPhone/Mobile device

I dont care about deficits I clearly understand they are part of Running a country in the long term .... the point is Republican have stated they cared about deficits as well as some here ..until Trump took office that is ....


But the Tax cut and better GDP were sold as they would pay for themselves and reduce the deficit with an increase in Tax revenue because of the booming economy.... Seems not to be the case

[JohnR]

Originally Posted by zimmy

You willing to fund that with your tax dollars? It isn't in the interest of the recycling companies to do that. They recycle for profit. They have no incentive to upgrade all the machinery even if the technology existed The market in China for recycled material has dried up as it is. I understand people view this as solely a personal freedom issue, but when the stuff someone uses becomes an external problem, personal freedom has limits. The impact of plastic on wildlife, and fisheries in particular, is dramatic and the cost to purchase a straw or plastic bag doesn't come close to the economic impact associated with them as waste.

How about this? Tax the straws at a rate that will allow the recycling companies to upgrade the machinery to collect the straws for recycling. Probably end up being a few cents per straw given the 500 million a day that are used in USA. All the tax goes to fund upgrades. Temporary tax of a year or two, whatever is needed. Pretty sure a bunch of people that are upset about local ordinances banning straws would be equally upset about a tax to deal with the problem.

I am already paying Taxes at an exhorbitant rate for tons of services I don't get (some of which I'm fine with, some not).

Originally Posted by wdmso

I dont care about deficits I clearly understand they are part of Running a country in the long term .... the point is Republican have stated they cared about deficits as well as some here ..until Trump took office that is ....


But the Tax cut and better GDP were sold as they would pay for themselves and reduce the deficit with an increase in Tax revenue because of the booming economy.... Seems not to be the case

Small deficits are OK to run a country, not a deficit that is 6 times annual receipts.

The fact that YOU don't care about deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

[zimmy]

Originally Posted by JohnR

I am already paying Taxes at an exhorbitant rate for tons of services I don't get (some of which I'm fine with, some not).

I agree, taxes are already high, the recycling companies have no financial incentive to upgrade equipment, and plastic is a problem. A local ordinance isn't THAT crazy.

Also, had to check and, no surprise,
https://www.rushlimbaugh.com/daily/2...-2/app-straws/

Wondered why guys in New England cared what localities on the west coast were up to.

Posted from my iPhone/Mobile device

[spence]

Originally Posted by JohnR

Small deficits are OK to run a country, not a deficit that is 6 times annual receipts.

The fact that YOU don't care about deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

While this doesn't seem to look good for Republicans it's nowhere near the 6x multiple you claim. The fact that YOU don't understand deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

[Jim in CT]

Originally Posted by spence

recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

and if one can further draw conclusions...

I can draw the conclusion that you are a world class cherry-picker of data. If you ignore Obama's first 4 years, yes the deficits shrank. to half a trillion You conveniently left out that (1) his deficits were much larger in his first 4 years, and that the democrats controlled congress when the deficits were massive, and the GOP controlled congress (and this the budgets) when his deficits came down.

If you want to say conservatives are hypocrites about going berserk about deficits under Obama and now silent, that's 100% legitimate. But Obama added more to the debt than anyone before him.

[JohnR]

Originally Posted by spence

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

While this doesn't seem to look good for Republicans it's nowhere near the 6x multiple you claim. The fact that YOU don't understand deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

Do all of Bush and all of Obama - don't cherry pick

P.S. - I was against both in this regard

[spence]

Originally Posted by JohnR

Do all of Bush and all of Obama - don't cherry pick

P.S. - I was against both in this regard

Doesn't matter none of them were 6X

[JohnR]

Originally Posted by spence

Doesn't matter none of them were 6X

Ahhhh, I got ya.

Let me be more clear, the total debt is 6 times the annual revenue, and growing. The guv spends roughly 20-30% more annually than it takes in - that is unsustainable and has been my position since Junior was in office.

Originally Posted by spence

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

Now on your point that Bush was a Trillion per year and Obama was half that is just ludicrous Spence. Bush had one year (2?) at 1 T (TARP/QE) that was the first year of Obama. Obama had 4 years over a T. Both were too much. But Bush did not have "era deficts of over a trillion, Obama era deficits of 5-600 Billion". That is just ludicrous, and you know it.

[Sea Dangles]

Originally Posted by spence

Federal tax receipts are over 3 trillion in recent years, compared to Bush era deficts of over a trillion, Obama era deficits of 5-600 Billion or the mushrooming Trump deficits that will take us back over a trillion for the next decade.

While this doesn't seem to look good for Republicans it's nowhere near the 6x multiple you claim. The fact that YOU don't understand deficits clearly establishes your credibility when it comes to things financial ; ) and if one can further draw conclusions...

Context Jeff
Posted from my iPhone/Mobile device