That interest mostly goes to paying back Social Security money republican presidents borrowed. Rs want to kill SS so that they can ignore paying back the loans.
Should’ve had extended debate and agreed-upon sources for reliable forecasts — along with doing the hard, potentially unpopular job of hammering out a budget with spending cuts that involve compromise — before calling for tax cuts (since not all tax cuts actually increase tax revenue). … You, know, instead of rushing tax cuts through under cover of darkness.
— who was the last president to signifitly decrease budget deficits?
— who was the last president to operate at a budget surplus?
Should’ve had extended debate and agreed-upon sources for reliable forecasts — along with doing the hard, potentially unpopular job of hammering out a budget with spending cuts that involve compromise — before calling for tax cuts (since not all tax cuts actually increase tax revenue). … You, know, instead of rushing tax cuts through under cover of darkness.
— who was the last president to signifitly decrease budget deficits?
— who was the last president to operate at a budget surplus?
Federal interest payments are expected to reach $46.5 billion, or 10.2 percent of total federal rev- enues, in 2023/24. In other words, the federal gov- ernment is currently spending more than 10 cents of every dollar in revenue on interest payments.
Where did you get this 76% of taxes claim? Or did you misstate what you meant? Or is this a waste of time because you're an antivaxxer and antivaxxers lie easier than they breathe
That interest mostly goes to paying back Social Security money republican presidents borrowed.
Quit being a partisan hack. Raiding the SS trust fund has been a bipartisan effort. Whenever you put the wolves in charge of the chicken coop you will lose all of your chickens.
The only way to stop this is to kill SS and let people invest their retirement money themselves.
Clinton was the last president to do this. He owes a big thank you to Newt Gingrich for stopping Congress from spending more.
Bill balanced the budget.
Trump added the most debt.
Per the Constitution, all spending and revenue bills originate in the House. All the president can do is sign or veto the spending and revenue bills passed by Congress. You can, and should, criticize Trump for not vetoing the bills sent to him, but Clinton was lucky that he was working with a Congress that was led by sensible people instead of the nitwits currently running the show.
Taxes are a scam because the government can just make up and print money at their own leisure. Money only has value as people accept it to have that. We are working hard and excessively as slaves for an entity that's grooming and manipulating its slaves.
Federal interest payments are expected to reach $46.5 billion, or 10.2 percent of total federal rev- enues, in 2023/24. In other words, the federal gov- ernment is currently spending more than 10 cents of every dollar in revenue on interest payments.
Where did you get this 76% of taxes claim? Or did you misstate what you meant? Or is this a waste of time because you're an antivaxxer and antivaxxers lie easier than they breathe
Interest payments are supposed to reach about $1 trillion this year. Federal revenues are roughly $5 trillion this year. So it will be about 20%. The big jump in interest payments came the past two years due to efforts to combat impacts of Bidenflation / the American Rescue Plan.
Should’ve had extended debate and agreed-upon sources for reliable forecasts — along with doing the hard, potentially unpopular job of hammering out a budget with spending cuts that involve compromise — before calling for tax cuts (since not all tax cuts actually increase tax revenue). … You, know, instead of rushing tax cuts through under cover of darkness.
— who was the last president to signifitly decrease budget deficits?
— who was the last president to operate at a budget surplus?
Just guessing? Bill Clinton.
Proviso - Bill Clinton with a Republican controlled congress. Split government = less spending. The most damage is inflicted when you have single party control of government.
We've updated our BetterRunningShoes.com web site to make it easier to find good deals on the best shoes. To keep it great we need new shoe reviews from you.