rbreich ,
@rbreich@masto.ai avatar

Your regular reminder that if not for the Trump and Bush tax cuts, federal revenues would keep pace with federal spending indefinitely.

Instead, these tax cuts have added $10 trillion to the debt.

The so called "party of fiscal responsibility" is full of it.

tleekeene ,
@tleekeene@mastodon.social avatar

@rbreich And, there should no longer TAX EXEMPT organizations…NONE. Everyone including businesses and BILLIONAIRES should pay 7%. EVERYONE!

jcolag ,
@jcolag@mastodon.social avatar

@rbreich I think that they've made it fairly clear that "responsible" in "fiscal responsibility" means that none of the money goes to somebody who they wouldn't let their daughter marry.

ZillaMon ,
@ZillaMon@mastodon.social avatar

@rbreich Economic crises are long in the making but quick in the precipitation. Soon the Economic costs of bad US economic policy will come to fruition.

frankkcat ,

@rbreich You would swear Robert was talking about the Australian LNP - when did fiscal responsibility mean catting taxes for ones rich mates?

fazalmajid ,
@fazalmajid@vivaldi.net avatar

@rbreich If not for the US spending on health care 2x what other OECD nations do as a proportion of GDP (half of which is spent by the Federal government under Medicare, Medicaid and the VA), there would be no deficit. Smashing the AMA cartel and allowing Medicate/Medicaid to negotiate volume discounts would go a long way.

gooba42 ,
@gooba42@mastodon.social avatar

@rbreich The US doesn't lead the world in anything anymore because we've stopped moving forward.

GGMcBG ,
@GGMcBG@mstdn.plus avatar

@rbreich

“I was a-hundred-and-eighty-six thousand dollars in debt before being elected to the 118th Congress, and now I’m a millionaire! I know the path to prosperity, and it’s gonna look a lot like a deep part right down the middle of your skull. Just lemme roll my sleeves up first to show you how real work is done.”

Npars01 ,
@Npars01@mstdn.social avatar
dangrsmind ,
@dangrsmind@sfba.social avatar

@rbreich tell Elon Muy because he's the one promoting this issue now because he thinks it hurts Biden.

Ultraverified ,
@Ultraverified@mastodon.sdf.org avatar

@rbreich

It would be good to mention Eisenhower's tax rates once in a while, Bob.

kevinrns ,
@kevinrns@mstdn.social avatar

@rbreich

And your reminder that Roosevelt, Truman and Eisenhower had robust wealth taxation and the LONGEST ECONOMIC BOOM in history. And they paid off the debt from WW2. And built highways.

Biden has 40 MONTHS of continuos job growth. Only matched, only matched by Roosevelt, Truman Eisenhower.

FDR built a fairer America, and it works. Biden is too.

Phiend ,
@Phiend@twit.social avatar

@rbreich you forget the sh….

nosmaharba ,
@nosmaharba@mastodon.world avatar

@rbreich
It's a fkn Thieves Guild

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