Jimmy Higgins
Contributor
- Joined
- Jan 31, 2001
- Messages
- 50,241
- Basic Beliefs
- Calvinistic Atheist
One of the problems today in the US is that math is no longer a subject people are familiar with. And we aren't talking complicated math. We are talking simple addition, subtraction, and greater than/less than.
The GOP in the US House right now is looking to cut US spending by $2 trillion... over the next 10 years.
According to the CBO's spending outlook, in general, the US Government will be spending on about $87 trillion in the next ten years. Over that same period of time, the US will raise about $70 trillion. That means, roughly $17 to $20 trillion in new debt.
See, the math is pretty clear that the GOP is full of BS. Cutting spending of $87 trillion to $85 trillion or in theory the new debt from $17 to $20 trillion down to $15 to $18 trillion isn't actually taking the debt seriously. It isn't close to taking it seriously. And that is just one half of the equation, "spending".
What about "revenue"? The largest ledger item the GOP demands to have, that is also one of the largest costs to the government would be the Trump tax cut! Making Trump's tax cuts permanent will cost the Government $400 billion a year. That'd be $4 trillion over ten years. That'd be twice the revenue lost than the actual "cuts" they are proposing.
The GOP are Cosplaying fiscal conservatism, and doing so very openly and very poorly, and all they are really doing is giving more and more money back to the ultra wealthy and corporations.
The GOP in the US House right now is looking to cut US spending by $2 trillion... over the next 10 years.
According to the CBO's spending outlook, in general, the US Government will be spending on about $87 trillion in the next ten years. Over that same period of time, the US will raise about $70 trillion. That means, roughly $17 to $20 trillion in new debt.
See, the math is pretty clear that the GOP is full of BS. Cutting spending of $87 trillion to $85 trillion or in theory the new debt from $17 to $20 trillion down to $15 to $18 trillion isn't actually taking the debt seriously. It isn't close to taking it seriously. And that is just one half of the equation, "spending".
What about "revenue"? The largest ledger item the GOP demands to have, that is also one of the largest costs to the government would be the Trump tax cut! Making Trump's tax cuts permanent will cost the Government $400 billion a year. That'd be $4 trillion over ten years. That'd be twice the revenue lost than the actual "cuts" they are proposing.
The GOP are Cosplaying fiscal conservatism, and doing so very openly and very poorly, and all they are really doing is giving more and more money back to the ultra wealthy and corporations.