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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1066870)	4/25/2018 2:53:43 PM
From: zzpat	Read Replies (2) \| Respond to of 1578428

Okay, lets start doing some simple math. The gop Congress has already passed $11.7 trillion of new debt. If they hadn't passed tax cuts the debt would be $9.8 trillion. If they passed a small tax increase of $1.9 trillion the debt would increase by only $7.9 trillion. Why is $11.7 trillion better than the lower numbers?

To: RetiredNow who wrote (1066870)	4/25/2018 5:07:54 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1578428

Mindmeld, Yes, we could raise taxes by $1 trillion, but are there enough rich people to absorb that? The question isn't whether the rich can afford that. Of course they can. The question is whether they will, or whether they'll move and take their wealth with them. You might end up with a trillion more dollars in the budget, but if that subtracts $2 trillion from the economy, then what's the point? Oh yeah, liberals don't care about creating wealth. They care about spreading the misery. Tenchusatsu