The Purge

[highfigh]

Also let's not forget the tax breaks, deductions that is great for the rich is also receiving, hence, income is reduced to the government.

Are you referring to income tax? That's not how wealth is created, nor taxed. Income tax is much higher than capital gains, real estate and estate tax when a trust or other method isn't used to protect it wealth. Ever hear of a 'family corporation'?

 

[GO-NAD!]

Why would it need to happen over the time since inauguration when it could have been analyzed over the last 4 years? I don't mean thay Biden looked into it, because he wasted as much money as anyone I can remember.

What the Biden administration could/should have done is irrelevant to what this administration is doing.

 

[Trell]

Look at pre-natal care as a cause of infant mortality, poor nutritian, lack of exercise, other bad habits like excessive drinking/drugs and cigarettes- how/why would anyone expect Americans to live as long as people in countries where diet/early health care and healthy lifestyle is common?

Sure, those are important factors along with people killed in traffic and or by guns, but it's not like other advanced countries don't have similar issues. Except people killed by guns.

Do note in other countries pre-natal care is part if the health care system.

Why are you going into health care? DOGE is about wasteful government spending.

Good grief! US health care is two to three times as expensive (measures as percentage of GDP) as other advanced developed countries, but the health outcome population wise is pretty bad.

But hey, don't talk about the elephant in the room.

 

[TankTop5]

Well...you got the insane part right. There is no way that any sober auditing of programs and expenditures has taken place over the few days this administration has been in office. It's just been slash and burn, with no thought to the consequences.

Obfuscation and baseless claims without answering my question.

I would contend that it’s very calculated cuts, they had a plan and they’re executing that plan. They have already found massive waste along with likely fraud (I think they’re waiting on Kash confirmation for legal action) to the tune of around a quarter trillion dollars. The next step is to limit the size and scope of Federal agencies to what’s authorized by Congress. These agencies have ballooned in size and are performing duties they were never intended to do. We have over 400 Federal agencies, how many do you think were authorized by Congress or Presidential order?

In the past I stated I don’t like Trump and I wanted to drain the swamp but sending a swamp monster probably wasn’t the best idea. Trump 2.0 is an entirely different beast and regardless of whether you like him or not a job is getting done that quite frankly nobody has made an honest attempt at. It’s going to be very messy but there’s no way to get it done wading through bureaucracy and that’s the reason it’s happening like this. Better get comfortable because it’s happening, the country was on a path of a slow painful death and we either die quickly or survive in better shape than ever.

 

[GO-NAD!]

Obfuscation and baseless claims without answering my question.

I would contend that it’s very calculated cuts, they had a plan and they’re executing that plan. They have already found massive waste along with likely fraud (I think they’re waiting on Kash confirmation for legal action) to the tune of around a quarter trillion dollars. The next step is to limit the size and scope of Federal agencies to what’s authorized by Congress. These agencies have ballooned in size and are performing duties they were never intended to do. We have over 400 Federal agencies, how many do you think were authorized by Congress or Presidential order?

In the past I stated I don’t like Trump and I wanted to drain the swamp but sending a swamp monster probably wasn’t the best idea. Trump 2.0 is an entirely different beast and regardless of whether you like him or not a job is getting done that quite frankly nobody has made an honest attempt at. It’s going to be very messy but there’s no way to get it done wading through bureaucracy and that’s the reason it’s happening like this. Better get comfortable because it’s happening, the country was on a path of a slow painful death and we either die quickly or survive in better shape than ever.

Yes, they had a calculated plan to slash and burn without regard for the consequences. We'll see how this unfolds over time.

 

[Trell]

The next step is to limit the size and scope of Federal agencies to what’s authorized by Congress. These agencies have ballooned in size and are performing duties they were never intended to do. We have over 400 Federal agencies, how many do you think were authorized by Congress or Presidential order?

All Federal agencies are created by Congress and not through a Presidential order. It's pretty easy to find that out.

>>>Administrative law focuses on the exercise of government authority by the executive branch and its agencies. These agencies are created by Congress through "enabling legislation," and are authorized to promulgate regulations which have the same force as statutory law. Federal agencies have steadily grown in number and importance in the United States, and they affect a wide variety of social issues, such as telecommunications, the financial market, and racial discrimination. The term "administrative law" encompasses the procedures under which these agencies operate, as well as external constraints upon them (such as the Administrative Procedure Act, constitutional limitations, and judicial review). <<<

Federal Administrative Law | Duke University School of Law

Download PDF version of guide for print

law.duke.edu

 

[mtrycrafts]

Are you referring to income tax? That's not how wealth is created, nor taxed. Income tax is much higher than capital gains, real estate and estate tax when a trust or other method isn't used to protect it wealth. Ever hear of a 'family corporation'?

Yep, all of those needs to be fixed so that too generates more federal income. There are ways to generate more income to the government. Just like a person can get a 2nd job to satisfy the spending habits.

 

[Dude#1279435]

Can I rename this the thread The Dirge? Whatever accomplishments Trump makes (and are celebrated), I can't get past the gravel tone, Guttersville, grunts & rejects of the era.

Somewhere in there is policy, anti-establishment etc, but all I think of is a dumpster pool party.

 

[highfigh]

Yep, all of those needs to be fixed so that too generates more federal income. There are ways to generate more income to the government. Just like a person can get a 2nd job to satisfy the spending habits.

Someone needs to take their credit card away and force them to get that second job. That would result in a chorus of "I didn't do it, I just got here!".

 

[TankTop5]

x.com

x.com

x.com

x.com

These people will face justice and hopefully be put under the prison.

 

[TankTop5]

Yes, they had a calculated plan to slash and burn without regard for the consequences. We'll see how this unfolds over time.

And we’ve been spending like there are no consequences. The continued spending habits would be far more painful than the short term pain of slash and burn. Again nobody on the right or left has done anything meaningful to cut spending in decades and the debt accrued in the last ten years is insanity. Some short term extreme austerity measures are necessary.

 

[Mikado463]

Yep, all of those needs to be fixed so that too generates more federal income. There are ways to generate more income to the government. Just like a person can get a 2nd job to satisfy the spending habits.

it's my understanding that 'back in the day' prior to income taxing the Fed Gov't derived the majority of it's revenue from tariffs and the levy of taxation on alcohol and tobacco. Are we heading back

 

[Trell]

it's my understanding that 'back in the day' prior to income taxing the Fed Gov't derived the majority of it's revenue from tariffs and the levy of taxation on alcohol and tobacco. Are we heading back

That was when there was no Social Security, Medicare and Medicaid, and even the military was tiny. You can read about it in https://paulkrugman.substack.com/p/never-underestimate-the-ignorance but here are a couple of figures.

 

[TankTop5]

 

[TankTop5]

Also how I feel about the topic

 

[GO-NAD!]

And we’ve been spending like there are no consequences. The continued spending habits would be far more painful than the short term pain of slash and burn. Again nobody on the right or left has done anything meaningful to cut spending in decades and the debt accrued in the last ten years is insanity. Some short term extreme austerity measures are necessary.

And yet, they want to reduce revenues by $4.5 trillion, while increasing the debt limit by $4 trillion.
House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling

 

[TankTop5]

And yet, they want to reduce revenues by $4.5 trillion, while increasing the debt limit by $4 trillion.
House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling

Article isn’t very clear and a bit misleading, $4.5 trillion over a 10 year period with $1.5 trillion annual spending cuts. In other words about a half trillion in tax cuts annually.

 

[Trell]

Article isn’t very clear and a bit misleading, $4.5 trillion over a 10 year period with $1.5 trillion annual spending cuts. In other words about a half trillion in tax cuts annually.

Yeah, it could have been a little clearer, but I don't read it as cutting $1.5 trillion in annual spending either but 10 years. As $1.5 trillion in annual spending is abut 22% of the yearly total federal outlays it does not seems reasonable that the Republicans would try doing that (a very steep cut).

>>>The budget plan also directs a variety of House committees to cut spending by at least $1.5 trillion while stating that the goal is to reduce spending by $2 trillion over 10 years. <<<

Below is from CBO, and I would think cutting $1.5 trillion would be very unpopular. You're in favour of cutting so what would you cut?

https://www.cbo.gov/system/files/2024-03/59727-Federal-Budget.pdf

 

[mtrycrafts]

it's my understanding that 'back in the day' prior to income taxing the Fed Gov't derived the majority of it's revenue from tariffs and the levy of taxation on alcohol and tobacco. Are we heading back

And who paid the tariffs back then? I bet it was a hidden tax on the population as it is ever since. Certainly, it wasn't the country sending the goods.

 

[GO-NAD!]

Article isn’t very clear and a bit misleading, $4.5 trillion over a 10 year period with $1.5 trillion annual spending cuts. In other words about a half trillion in tax cuts annually.

I should have been more clear about my point. Cutting taxes while trying to wrestle down debt and deficit seem counterproductive. The Laffer Curve is a laugher and shouldn't be depended upon to generate more revenue.