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Ron DeSantis Is Starting To ‘Get It’ On Entitlements
Thanks to a push from Nikki Haley …
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8 comments
No big deal it will go broke. The well armed will eat. The Biden voters and Covidians not so much
Republicans under Donald Trump, ran up the largest annual deficits in the history of the country. They did so in part by giving a 2,000,000,000,000 (two trillion dollar) tax cut to the richest 5% of Americans and the nation’s largest corporations. They did so by bailing out large banks and their owners, who happen to be in the same top 5%. They did so at a time when those same people were making record profits before the tax cut. Did they use that money to reduce costs for the average American? And remember the almost 1 trillion dollar PPP program. Did you know that 25% of those funds went to pay bank loans? Banks that are 90% by the richest 10% of Americans. Did they use that money to reduce costs for the average American? No. So it does not surprise me that Republicans want to pay for their tax cuts and spending by cutting Social Security, Medicare, and Medicaid. Those programs benefit people they don’t care anything about.
So here is a plan that seems fair to me. Undo the Trump Tax Cuts that went almost exclusively to the top 5%. Undo the Bush Tax cuts that went almost exclusively to the top 10%. Put all that money into Social Security, Medicare, and Medicaid; then let’s see how much we need to cut to make those program solvent for the next 75 years.
Currently, our economy is red hot. Unemployment is at record lows, the top 10% of Americans are the richest they have ever been and Corporations are making record-level profits. What better time to absorb the tax increases necessary to protect the bottom 90% of Americans?
sez the guy who grabbed a forgiven PPP “loan”…
If somebody took a PPP loan and didn’t pay it back, UNLESS the gov’t’s Covid restrictions essentially closed their business, they have no moral high ground to talk about student loan forgiveness (which I oppose), gov’t giveaways, tax cuts, gov’t subsidies, etc. They sold their legitimacy.
No COVID restriction affected a guy already sitting at home and blogging.
Welfare Will Folks is just doing it’s thing.
Will Folks openly cheers for his children getting screwed out of their future benefits (which the Folks’ family uses more than most American families) by a white-nationalist goofball.
Dad of the year material.
Will Folks is one of the biggest welfare queens alive!
But, he has a problem with other people getting benefits they paid into, unlike him, who took tens of thousands of dollars from the taxpayer and will never have to pay it back.
GFY, Welfare Will.
This is the point, not the baloney you are espousing! “Any payroll tax revenues collected in the past were not invested nor saved to pay for future Medicare and Social Security obligations,” noted Romina Boccia, director of budget and entitlements at the Cato Institute. “The money was spent immediately to finance other government objectives. There’s no trust fund to draw down, only a financial ledger to borrow against.”