All this administration knows to do is throw money.
Money we don't have.
Money that eventually ends up in the politicians accounts.

Which is why they voted against the burn pit bill after they voted for it; the despicables did some amendments to screw around with the money and how it's accounted for.

And why the deplorables better vote against Joes "Build it down" bullshit pig bill, version 4.
$31 TRILLION and counting.

But say, did you see?
Joe thinks he's Reagan now.


Biden confidant: "We are Reagan" (axios.com)

"We are Reagan," a top confidant of President Biden tells Axios. "We had a big plan. We are getting it in place."

Why it matters: The White House contends Biden isn't catching lucky breaks, but playing the long game with his "bottom up, middle out" economic approach.

• Biden allies point to a Washington Post-ABC News poll from August 1982, with the headline: "Reagan Should Not Seek Second Term, Majority Believes." Fifty-eight percent of those polled said he shouldn't run again.
• Reagan's midterm-summer doldrums echo a poll out last Friday from USA Today and Suffolk University: Two-thirds of voters said they don't want either Biden or former President Trump to run again.

Just over two years after that Post poll, Reagan won 49 states and got the most electoral votes of any presidential candidate ever.

But, but, but: Biden's inner circle may think he's Reagan. But a parade of polls show voters want him to move aside.

 

Vote no but be sure and take that dough. And then brag about it back home.

Biden on GOP touting projects they didn’t back: ‘They ain’t got no shame’
by Chloe Folmar - 09/09/22 8:21 AM ET

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President Biden on Thursday slammed Republicans for what he called taking credit for legislation that they opposed during an appearance at the Democratic National Committee’s summer meeting.

“They ain’t got no shame!” Biden said after impersonating some Republican lawmakers touting bills they voted against. “They don’t have any shame!”


Biden discussed the bipartisan infrastructure law passed last year and the results that he says are being seen from that legislation this year, pointing out Republicans promoting the new bridges and roads being built using resources from the bill.

“The truth is there are a lot more Republicans taking credit for that bill than who actually voted for it,” said Biden.

He admitted: “We got a little help from Republicans, but not a lot, but enough to get it passed.”



The $1.2 trillion bill passed the House with 13 Republican votes and was approved by 19 GOP senators.

The passage of the Infrastructure Investment and Jobs Act in 2021 was been followed this year by the passage of the Inflation Reduction Act, which passed with no Republican support in the Senate.

The legislation plans to build on climate change legislation by reducing carbon emissions by 40 percent by 2023, while also aiming to reduce inflation.



https://thehill.com/homenews/admini...jects-they-didnt-back-they-aint-got-no-shame/

 

This is what Republicans do after every spending bill. They have to vote against spending bills because that pleases GOP donors and then go home and brag about what the bill will bring his district, because that pleases the people who actually elected him.

 

I have often said if Republicans want to attack Democrats as the party of tax and spend that's ok. That still beats the shit out of being the party of lie and spend. They claim to be fiscally responsible and then run a trillion dollar budget deficit during a time of prosperity before anyone ever heard of COVID.

 

Yes, Trump failed to do anything but add to the debt. His single failure as president in Shooter's opinion.
Trump's predecessor added $9 TRILLION to the debt and Trumps successor has, in one year, managed to add $2 TRILLION to the debt.
With the added impact of inflation. Any economist will tell us, high national debt cannot be sustained during periods of inflation.

The answer the Biden administration has come up with is passage of pure pig bills and throwing money we don't have at things we don't need and issues that are not real.

No matter.
Mid terms approach.

 

Biden names and shames ‘socialist Republicans’ who voted against his infrastructure bill but are begging him for funding

David Badash, The New Civil Rights Movement
October 08, 2022



Joe Biden (AFP)


President Joe Biden spoke about the September jobs report praised by leading economists Friday afternoon, and took a few moments to criticize the "socialist Republicans" who publicly voted against the critical infrastructure legislation that is an important part of his economic agenda, while privately begging him for funding for their districts.

"There's a report, you guys can, as they say, as my grandkids say, 'Google it,' but a report that came out on CNN that says, 'Republicans called Biden infrastructure program socialist.' Then they asked for the money," the President said mockingly.

"And it goes through all the Republicans, the most conservative Republicans, who called it 'socialism,' and how they're asking for it. A guy named Paul Gosar," President Biden said, referring to far-right wing white nationalist U.S. Rep. Paul Gosar, Republican of Arizona.

"He's written three separate letters to the administration, asking for projects in his district," Biden said, appearing to read from the CNN report. "He says they enhance the quality of life and ease congestion, boost the economy."

Biden. leaning into the microphone, told supporters, "Voted against it, says it's all socialism."

"Go down the list. Kentucky Representative Andy Barr."

Mocking the GOP lawmaker he mimicked him saying, "The biggest socialist agenda."

"Three different projects he wants, citing the importance of safety and growth in his district."

"Rand Paul," President Biden continued. "I go down the list. Look it up," he said waving the pages of the report.

"Socialist,' he said mockingly.

"I didn't know there were that many socialist Republicans," Biden deadpanned.

"Think about it. I'm serious," the President urged. "Let's get serious about taking care of ordinary people. Regular people like I grew up. Folks, look, you can't make this stuff up. You got to say, I got to say, I was surprised to see so many socialists in the Republican caucus."

Watch below or at this link.


Acyn

@Acyn
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Biden calling out Republicans who called the infrastructure bill socialism but still asked for money: I didn’t know there were that many socialist Republicans






https://www.rawstory.com/biden-name...ructure-bill-but-are-begging-him-for-funding/

 

This belongs in two places because I told ya so. One of the first things treasonous conservative/America Hating/Republicans do when they get control of the presidency and bout houses of Congress is cut taxes. Always saying the tax cuts will pay for themselves, spur job growth, and trickle down to the rest of the country. And that has never happened. Not once. Instead they roll those presses. print that money, money does grow on trees because that's where treasonous conservative/Ame4reica Hating/Republicans get the paper to write their IOU's on. And all the tax cuts really do is put more money in the pockets of the 1% and rich corporations and the trickle down is them pissing all over the rest of us.

This is one of the grandest and oldest lies of conservatism as it is peaked and practiced in this nation.

 

Tax cuts will pay for themselves is beyond just a blatant lie of conservatism as it is preached and practiced in this nation. It also just a really stupid lie that the vast majority of Americans should not only recognize for what it is they should actually protest it by voting treasonous conservative/America Hating/Republicans out of power for even suggesting it. And that should be even more obvious because treasonous conservative/America Hating/Republicans just ran that lie with Trump where instead of the tax cuts paying for themselves all they did was roll those presses, print that money, money does go on trees because that's where they get their paper to write their IOU's on. Just like they did when they were running a trillion dollar budget deficit in a time of prosperity before anyone ever heard of COVID 19.

That's why the name should be changed from the Laffer Curve to the Laugher Curve because that's what that bullshit really is. Just laughable.





GOP shredded for still pushing discredited Reagan-era economic theory

Matthew Chapman
November 22, 2022



President Ronald Reagan (AFP Photo/Mike Sargent)


On Tuesday, the St. Louis Post-Dispatch editorial board shredded Republicans for clinging to a pro-tax cut political theory of economics pushed by former President Ronald Reagan decades ago — despite it having repeatedly failed.

The "Laffer curve," famously first scrawled on the back of a napkin at a restaurant by right-wing economist and GOP adviser Arthur Laffer, is the notion that tax cuts actually raise revenue for the government because the investment spurred by more money in the hands of businesses and millionaires grows the tax base more than the marginal revenue lost.

The ideology has a kernel of truth to it in that taxation generally reduces economic activity; however, there has never been any evidence U.S. taxes were high enough to begin with to depress economic activity beyond the returns to government revenue.

"Today’s stubborn Republican mythology that treats tax cuts as a magical economic elixir is largely traceable to Laffer’s theory, which arose in the late 1970s," wrote the board. "His famous 'Laffer curve' presumes to prove that tax cuts for the rich will spur economic investment, causing such strong economic growth that the government’s tax revenue would actually rise instead of falling. Even 1980 Republican presidential candidate George H.W. Bush derided the notion as 'voodoo economics.' That is, until he became vice president to Ronald Reagan, who embraced it."

READ MORE: 'Can't wait to give you a big hug': Club Q owner praises hero Richard Fierro during emotional CNN exchange

"And how did Laffer’s theory, recast as 'Reaganomics,' turn out in practice?" wrote the board. "Yes, the economy was robust in the 1980s after Reagan’s historic tax cuts. But that’s also when the era of big budget deficits began, to the point that Reagan himself had to implement a series of later tax hikes to address it. Republicans today always seem to forget that part of the story. They certainly forgot it in Kansas in 2012, when they went full-Laffer with massive tax cuts. This deliberate test of Laffer’s theory, known as 'The Kansas Experiment,' was a debacle. The state’s economy didn’t skyrocket, but the deficit did, forcing deep cuts to education before the legislature finally acknowledged defeat and reversed the tax cuts."

Republicans then went on to try the same thing at a national scale under Donald Trump, noted the board, passing enormous tax cuts for corporations in 2017 — which did not deliver the sweeping economic growth Republicans promised. In fact, some experts believe, those tax cuts made the post-COVID inflation spell worse than it would have been otherwise. But still, House Republicans want to use their new majority to force President Joe Biden to do another round of tax cuts — when what is really needed to reduce inflation is targeted tax increases.

"You’d think after blaming the Biden administration (with some justification) for making inflation worse by pumping more money into the economy, they would at least see the irony of what they’re proposing, if not its damning precedent," concluded the board.

https://www.rawstory.com/republicans-laffer-curve/

 

The better course, according to despicables, is to tax the rich, give it to the poor (with a cut for the politicos who wrote the tax laws) and make more people dependent on government.

That should work well, eh?

 

Would that mean we would have to quit giving tax money to rich people?
https://www.politico.com/news/2022/...nce-millionaires-covid-pandemic-2020-00070446

 

Well see the thing about unemployment benefits is, employers pay two dedicated taxes to fund unemployment. And unemployment has never had a means test, which is to say beyond a certain income level one doesn't get any benefits.

It was part of the "new deal" Roosevelt (a despicable) foisted on the nation.

You know, take from the rich, give to the poor.

 

When the Democrats taxed the rich heavily in order to fund programs that benefited middle class and working class Americans the Democrats dominated the country. When the Democrats expanded anti poverty programs with the War on Poverty, the tax revolt happened, and the Democrats lost control of the tax and spend argument. By the late 1970's most whites did not want their taxes to fund welfare checks for blacks. They still do not. Race, crime, and immigration are the Republicans' strongest issues.

 

Actually, the New Deal took from the rich to give to the working class. This was enormously popular until the black ghetto riots began in 1964.

 

The treasonous conservative/America Hating/Republicans are desperate to try and protect the 1%. They have spent decades trying to make sure the IRS doesn't have the resources to audit and investigate people like Trump and can only go after the little guys.


The first economic plan the new GOP House proposed would raise the deficit by $100 billion

Juliana Kaplan
Mon, January 9, 2023 at 3:23 PM MST



House Speaker Kevin McCarthy holds the speaker's gavel high after winning election as speaker of the House early Saturday morning.Win McNamee/Getty Images

• Now that Republicans control the House, they're ready to start cutting spending.
  
  
• Their first target: $80 billion in IRS funding from the Democrats' Inflation Reduction Act.
  
  
• But a nonpartisan CBO analysis found cutting that spending would actually increase the deficit.
  

The GOP, newly in control of the House, has one big objective in mind: Cutting spending.

They already have a clear target — the $80 billion in funding allocated to the IRS in the Inflation Reduction Act, the last major policy package passed by Democrats before losing the House. A bill to revoke that funding has already landed on the House floor.


There's just one problem: Cutting out that IRS funding would actually weigh on the national debt. According to an analysis from the nonpartisan Congressional Budget Office, the GOP bill to rescind IRS funding would reduce revenue by about $186 billion over the next decade — while cutting just $71 billion in spending.

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All told, that would add a net $114 billion to the deficit.

The IRS funding was meant to relieve an overburdened agency and beef up enforcement on some of the wealthiest Americans. Of the $80 billion, $45.6 billion is directed towards tax enforcement, specifically targeting areas that have been challenging for the IRS, like global high-net-worth filers. The tax gap, which measures the chasm between taxes owed and actually paid, is likely over $1 trillion. At the same time, according to a 2021 study from IRS researchers and economists, the top 1% of Americans don't report 21% of their income — and under-reporting is nearly twice as large for the top 0.1%.

The Congressional Budget Office previously found that the enforcement funding would bring in $204 billion over the next 10 years. The funding will also go towards improving taxpayer services, an issue that's been plaguing the agency as it struggled through aging technology and rooms full of paper to get taxpayers their refund checks.

"Even under good economic and fiscal conditions, it would make little sense to reduce revenue by allowing more individuals and businesses to avoid paying taxes they rightfully owe," the nonpartisan Committee for a Responsible Federal Budget wrote. "With inflation high, interest rates rising, and debt approaching record levels, rescinding IRS enforcement funds would be a big mistake."

The White House also took aim at the proposal, with Biden already promising to veto such a bill in the unlikely event it passes both the GOP-controlled House and the Democrat-held Senate. White House deputy press secretary Andrew Bates took to Twitter to lambast the GOP House's first CBO score.

"The verdict: Their tax welfare for rich tax cheats and big corporations who break the law at your expense would increase the deficit by $114 billion," Bates wrote. "But don't worry, it will also make inflation worse."

Read the original article on Business Insider



https://www.yahoo.com/news/first-economic-plan-gop-house-222333814.html

 

Lets see if we understand.
Cutting $71 BILLION will actually cost $186 BILLION because the IRS auditors who we were told wouldn't be hired (remember? That money was for new computers and customer serviice operators) won't be catchin tax scofflaws. You know, the rich fat cats who cheat on their taxes. The ones who already pay well over half the taxes in America.

That about it?

 

'Enough': House Dem nails Republican's hypocritical complaint about 'reckless' deficits

Matthew Chapman
January 09, 2023



Rep. Jim McGovern (D - MA) (Screen Shot)


On Monday, Rep. Jeff Duncan (R-SC) took to the floor to rail against "reckless spending" by Democrats — only to immediately be shot down by Rep. Jim McGovern (D-MA).

“1,740 new IRS agents in every state, for one purpose," said Duncan, referring to funding to replace retiring IRS staffers and improve the agency's manpower to fight wealthy tax evaders. "To go after small businesses, hardworking Americans, to raise money to pay for reckless spending, reckless spending that’s cost $31 trillion in debt in this nation. This is the right thing to do, I'll tell you what: repurpose those agents to the Southern border. Or we could repurpose them and build the Keystone XL Pipeline ... but then the government turns around and hires $87,000 IRS agents to go after your constituents and mine?”

McGovern had a few choice words in response.

"I would remind my friend that the first bill you’re doing is gonna add $114 billion to the deficit," said McGovern. "Enough.”

READ MORE: Here are the stark differences between Trump and Biden classified docs cases: legal experts

McGovern is referring to a new Congressional Budget Office report finding that canceling the funding to restaff the IRS would save about $71 billion — but also reduce tax revenues by $186 billion due to reduced enforcement, for a deficit increase of $114 billion.

The IRS restaffing, which Treasury Secretary Janet Yellen has directly pledged will not be used for audits on people making less than $400,000 a year, was passed as part of the Inflation Reduction Act — the broad package of energy, climate, and health care reforms passed via reconciliation last year.

Watch the video below or at this link.


The Recount

@therecount
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Rep. Jeff Duncan (R-SC): “1,740 new IRS agents … to pay for reckless spending, reckless spending that’s cost $31 trillion in debt.” Rep. Jim McGovern (D-MA): “I would remind my friend that the first bill you’re doing is gonna add $114 billion to the deficit. Enough.”














4:03 PM · Jan 9, 2023

https://www.rawstory.com/mike-duncan/

 

Why yes, lets take a look at debt by administration, shall we?




And the Biden administration has added $3.4 TRILLION in less than 2 years.

Sure, lets talk about who is spending money we don't have.

 

I have proven the same thing right here on this thread. The only time treasonous conservative/America Hating/Republicans care about the deficit and debt is when a Democrat is president. But when Trump was president they cheered as they racked up a one trillion dollar budget deficit in a time of prosperity and before anyone even heard of COVID 19. They just ran those presses, printed that money, and wrote their IOU's on it.

But now all of a sudden they are concerned with the debt. And notice they are not screaming about the budget deficit because President Biden has cut the budget deficit the most in history.



Rep. Nancy Mace grilled for hypocrisy: Why is debt not an issue 'under Republican presidents?'

David Edwards
January 19, 2023



NBC/screen grab


Washington Post Live host Leigh Ann Caldwell grilled Rep. Nancy Mace (R-SC) because Republicans are more concerned about the debt and deficit when Democrats are in the White House.

"Every time there's a debt limit fight that's really come to the brink, it's really been in the 1990s and in 2011," Caldwell noted in an interview with Mace on Thursday. "Both times there was a Republican House of Representatives and a Democratic president."

"Why do Republicans care about the debt and spending under Democratic presidents and it's not so much an issue under Republican presidents?" the host asked.

"That's one of the reasons I fault both sides," Mace replied. "For decades now, Republicans are just as much Responsible for our debt as are Democrats. Both sides are guilty as charged."

Mace suggested that President Joe Biden would need to agree to cut government spending before Republicans would raise the debt ceiling.

"Now, we have a president who is unwilling to come to the table and negotiate some sort of deal," she opined.

In 2019, then-President Donald Trump said that Democrats should not use the debt ceiling as a "negotiating wedge."

Watch the video below from Washington Post Live or at this link.


Washington Post Live

@PostLive
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.@RepNancyMace tells @LACaldwellDC, “For decades now, Republicans are just as much responsible for our debt as our Democrats. Both sides are guilty as charged."














11:09 AM · Jan 19, 2023

https://www.rawstory.com/nancy-mace-debt-ceiling/

 

"The only time treasonous conservative/America Hating/Republicans care about the deficit and debt is when a Democrat is president."​

Well, that is incorrect.
No, it's more than incorrect.
It's a fucking lie is what it is.