Starts with the man in the mirror though. Are you sending Uncle Sam more than you are required to send?
Did you mis quote someone else? I’m no boomer. It’s hard to believe people think it’s normal to ask others to pay higher taxes to support values and beliefs different from their own. Blind spot alert.
Sounds like something I never said. Lower spending and release all democrats from their posts. That is a great starting point.
I suggested that raising taxes and/or taking benefits from the working and the poor does not seem to be the best way for us to start reducing our debt and you countered that I simply send a check to the government for more money than I owe instead of addressing the real issue I raised. The fact is dodging is inherently a right-wing characteristic soon to be followed by insults.
Last two proposals can be translated as: Richest nation in the World says “there is no way for us to survive if we don’t raise money from the poor and working class.”
You strawman much? I'm not sure that I saw anyone say "keep the entitlements status quo", did you? Perhaps there are other things to address or include before we jump to the idea that the only entitlement to cut is health insurance for our poorest? But yes, raising taxes on the highest earners is absolutely a part of the equation.
The two biggest areas of spending are SS and Medicare by a very large degree. You have to cut each of those aggressively to make a difference. Someone earning 500k a year (W-2) currently pays 163k in taxes if they are a Florida resident. There are a lot of variables in that figure but that’s for a single filer. That’s a lot of freaking tax and that isn’t even a high earner. Taxing the part of your population that pays 90+% of the income tax into oblivion isn’t the answer alone.
Sounds good to me. Also, you're arguing against yourself. Why are the people you support (not) trying to balance the budget by ignoring those things, while cutting taxes for the rich...... and only enacting throwing our poorest citizens off Medicaid?
The U.S. spends 3x what China does on defense spending -- just shy of 17% of the budget. Pretty sure that China knows how their money is spent, yet we cannot get a decent audit from our defense department. It's estimated that half of that budget goes to private contractors, making accountability and oversight even more difficult. If budget cuts are being made to social services, it makes no sense to keep arbitrarily increasing defense spending. Putting budget reductions and tax revenues solely on the backs of individual taxpayers while making big cuts to social services never works.
“Trouble has been stirring in the bond market for weeks. On Wednesday, the anxiety spread to the stock market. Higher government deficits mean potentially elevated government bond issuance to fund the gap between spending and revenue, making some investors uneasy about how much of Washington’s debt Wall Street can absorb.” https://www.wsj.com/finance/investi...9c9cc?st=TpVUak&reflink=article_copyURL_share
Bond market is collapsing after the U.S. Treasury held an auction to sell $16 billion in 20-year bonds. The auction “cleared” at a yield of 5.047%. That’s the interest rate the Treasury had to offer to find enough buyers. And that yield was 24 basis points higher than last month’s auction. (1 basis point = 0.01%, so we’re talking a jump of nearly a quarter percentage point in just 30 days.) That’s not normal. It’s a sign the market was backing away. Global Bond Selloff Worsens. Government Debt Is No Longer a Place to Hide. - Barron's Why the bond market is suddenly freaking out over the ‘Big, Beautiful Bill’ | CNN Business World Government Bonds - Daily updated yields View attachment 231667
