France cutting taxes

[Got Stripers]

The Congressional Budget Office reported in June that government debt will amount to 78 percent of the U.S.’s gross domestic product by the end of 2018, and based on current growth rates, the country’s debt will nearly equal the size of its economy by 2028, according to The Washington Post.

Can’t cut taxes and not match it with larger spending cuts, if we all balanced our personal budgets this way, how many would be filing bankruptcy soon after we can’t find another Peter to borrow from to pay Paul.
Posted from my iPhone/Mobile device

[detbuch]

Originally Posted by Got Stripers

The Congressional Budget Office reported in June that government debt will amount to 78 percent of the U.S.’s gross domestic product by the end of 2018, and based on current growth rates, the country’s debt will nearly equal the size of its economy by 2028, according to The Washington Post.

Can’t cut taxes and not match it with larger spending cuts, if we all balanced our personal budgets this way, how many would be filing bankruptcy soon after we can’t find another Peter to borrow from to pay Paul.
Posted from my iPhone/Mobile device

That is so obvious . . . so why hasn't that truism not caught on since Calvin Coolidge. Remember, it isn't the deficit that determines whether an administration is being held to the fiscal idea that you propose. The national debt is the final determining factor. Money is constantly being "spent" on paying the debt. That is no less a means of "spending" than money spent on "programs."

[Jim in CT]

Originally Posted by Got Stripers

The Congressional Budget Office reported in June that government debt will amount to 78 percent of the U.S.’s gross domestic product by the end of 2018, and based on current growth rates, the country’s debt will nearly equal the size of its economy by 2028, according to The Washington Post.

Can’t cut taxes and not match it with larger spending cuts, if we all balanced our personal budgets this way, how many would be filing bankruptcy soon after we can’t find another Peter to borrow from to pay Paul.
Posted from my iPhone/Mobile device

if tax cuts have any stimulative effect at all, you don’t need larger spending cuts. Apple alonenis paying tax of $38 billion in $250 billion they are bringing back. that alone, is a stimulative effect. i’m not stupid enough to say the cuts will pay for themselves, but they don’t fail to stimulate some growth either. no one knows how much.
Posted from my iPhone/Mobile device

[spence]

Originally Posted by Jim in CT

if tax cuts have any stimulative effect at all, you don’t need larger spending cuts. Apple alonenis paying tax of $38 billion in $250 billion they are bringing back. that alone, is a stimulative effect. i’m not stupid enough to say the cuts will pay for themselves, but they don’t fail to stimulate some growth either. no one knows how much.
Posted from my iPhone/Mobile device

Report I saw the other week said only 3% of offshore money has been repatriated so far. Even Apple isn't moving very fast.