What’s the point? The national debt clock has done nothing but spin out of control for decades regardless of who is in charge and the tax rate. Nothing has even slowed it down. There is a zero percent chance that a tax hike will do a damned thing to change this. The tax payers do not have enough money to pull us out of debt. So why bother?
Please don’t turn this into an argument as to why you think your party is really good regarding the national debt. The national debt clock says otherwise. Both parties suck. Bigly.
The national debt clock is a cumulative metric built up over decades.
It states nothing about performance of one party or the other over managing the debt.
This flawed thinking comes from the flawed assumption that national debt is inherently bad.
It’s neither inherently bad nor inherently good.
As to your assumption about taxes…I agree…taxes by themselves without a strategy for determining in what the government should be involved and in what they shouldn’t be involved is doomed to failure.
Both of those D admins had ‘help’ - or ‘pressure’ - from GOP congresses.
Slowing the accumulation of debt can be done.
There are real life consequences to letting debt spiral up too fast. but generally, it is not imperative to wipe our or even lower all national debt. What is important is that the rate of increase is in balance with other economic factors.
So it can keep rising, yes, but you have to guard against it rising too fast.
So tax increases alone are foolish and solve nothing. We agree on my only real point. Don’t increase taxes without a plan. Tax increases alone don’t do jack ■■■■ to reduce the debt.
Good Lord. What does that even mean? We can go 100 trillion dollars into debt as long as we do it slower than we are doing right now? Sorry, but I’m not seeing how this helps anything.
Just because I disagree with your flawed reply does not mean I am obligated to offer a retort. I replied to the part I wanted to discuss. Perfectly acceptable. Tax increases will do absolutely nothing to bring us out of debt. Not a single thing. On this we agree. So why bother?
I don’t have any hidden assumptions. Your statement is rude and uncalled for. If you want to know my views, please ask. Nothing will be “hidden.” But you already knew this.
I mentioned nothing about slowing down anything. What good does slowing down do? Suppose without a tax hike our debt is 35 trillion. And with a tax hike it’s 34 trillion. What real good did it do? Nothing because it will be going to 35 trillion anyway. The national debt has done nothing but grow for decades. Is a tax hike going to stop this?
The debt isn’t going to magically go away from a tax hike or any single program. That is Santa Claus type thinking. But programs that reduce the deficit and eventually the debt area step in the right direction. Tax hikes can do that, certainly better than tax reductions.
Tax hikes alone do nothing. Not a single thing to help. By themselves, they are worthless. Taking your money and blowing it. Why bother? The debt won’t be affected in the long term. Not enough to notice anyway. Pelosi doesn’t deserve any of my money. Not another penny.
The point of raising taxes is to pay for the government’s present consumption of services. If you don’t want to raise taxes, you can lower spending or borrow. Since the 1980’s we have been borrowing year after year. We keep increasing spending without the rise in taxes.
If I was in charge, I would raise taxes until that clock stopped moving, and then i would figure out what to do.
Control?
That’s like saying we controlled the plane before it crashed. That’s a pretty flakey justification for giving more of my retirement plan to the feds.
A lot of people feel that way. It’s a fantasyland they have created in their mind that they don’t have to pay for government spending. Most of them live in Red States too.
