Things that made you Facepalm today (Political Version)

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Originally Posted by Seran

Your mistrust of the government and facts has no actual bearing on the veracity of the statement.

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Feel free to cite some actual examples for me then. I'll match your cites with examples of the CBO being way off.

Your move.

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Originally Posted by Seran

Your mistrust of the government and facts has no actual bearing on the veracity of the statement.

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https://img.ifunny.co/images/ce6068c...bb0cf617_1.gif

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Originally Posted by Parkbandit

"It's only 80 billion dollars over 10 years!" -Solkern 2023

There has to be a point where our government stops spending money we don't have. We're at 31.5 TRILLION dollars in debt currently. There's literally no way we will ever pay this debt off and we are going to come crashing down as a country. Liberals like you are salivating at the opportunity for the destruction of this country because then they hope they can make it into some socialist utopia.

But the thing is.. the dumb and lazy people will be the first ones that will end up dying in this utopia.. because their usefulness will be over.

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I looked it up on Google and saw a big number and that must be our debt!!! -PB who knows absolutely nothing about our debt.

Our debt is actually closer to 22-23T, not 31.5T, but I wouldn’t expect you to understand that because you have zero actual knowledge in this field.

If you actually knew how our economy ran, you would understand that the deficit doesn’t have as big of an impact as you think it does.
But I’m sure your plumber degree, and massive amounts of google searches makes you an expert.

It’s funny how you are crying about paying the IRS $80bln over 10 years, when the main purpose of this money is to close the $600 billion a year tax gap. I repeat $600 billion a year.

If the IRS recovers just 1.5% of that a year, it’ll paid off its 80bln and some. If you think our debt is so out of control, you should be all for this money going to the IRS. This just proves you have no clue what you are talking about.

I’m sure someone like SP who has a financial background, understands.

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Originally Posted by Parkbandit

"It's only 80 billion dollars over 10 years!" -Solkern 2023

There has to be a point where our government stops spending money we don't have. We're at 31.5 TRILLION dollars in debt currently. There's literally no way we will ever pay this debt off and we are going to come crashing down as a country. Liberals like you are salivating at the opportunity for the destruction of this country because then they hope they can make it into some socialist utopia.

But the thing is.. the dumb and lazy people will be the first ones that will end up dying in this utopia.. because their usefulness will be over.

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Imagine how mentally deficient the above post and the Republican House is altogether to cite deficit reduction as an excuse to defund the IRS and prevent the collection of hundreds of billions in taxes. Epic fail.

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Originally Posted by Solkern

I looked it up on Google and saw a big number and that must be our debt!!! -PB who knows absolutely nothing about our debt.

Our debt is actually closer to 22-23T, not 31.5T, but I wouldn’t expect you to understand that because you have zero actual knowledge in this field.

If you actually knew how our economy ran, you would understand that the deficit doesn’t have as big of an impact as you think it does.
But I’m sure your plumber degree, and massive amounts of google searches makes you an expert.

It’s funny how you are crying about paying the IRS $80bln over 10 years, when the main purpose of this money is to close the $600 billion a year tax gap. I repeat $600 billion a year.

If the IRS recovers just 1.5% of that a year, it’ll paid off its 80bln and some. If you think our debt is so out of control, you should be all for this money going to the IRS. This just proves you have no clue what you are talking about.

I’m sure someone like SP who has a financial background, understands.

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Policing for financial gain is a really bad idea, coming from the side that hates for profit prisons and so on, you would think you would have more sense. Also, the debt it more like 45-70 trillion but they don't count unfunded mandates in the debt. Also, your statement about deficit being not that important suggests that you have no clue how compound interest works and how absolutely lethal rising interest rates and inflation are to the economy. Both are side effects of massive government spending and irresponsible/idiotic fiscal policy. Just glad I have a garden so I might continue to see fresh vegetables.

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Originally Posted by Seran

Imagine how mentally deficient the above post and the Republican House is altogether to cite deficit reduction as an excuse to defund the IRS and prevent the collection of hundreds of billions in taxes. Epic fail.

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Yeah, it was the stupidest fucking post he’s ever made, and he’s made a lot.

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Originally Posted by ~Rocktar~

Also, your statement about deficit being not that important

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When did I say this? Because I didn’t. I’m aware of how important our debt is, but it’s not doom and gloom like these debt hawks think it is.

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Originally Posted by ~Rocktar~

Also, the debt it more like 45-70 trillion but they don't count unfunded mandates in the debt.

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Yeah no, debt doesn’t work like that. As mandates can change, But that doesn’t mean the federal government owes that amount, just like you don’t owe thousands of dollars when you start setting aside money for, say, a home remodel. In that case, you would write down how much you need, create a savings account at the bank, and start allocating money towards that project. But if you still haven’t hired any contractors, or bought any supplies, would you count the future cost of that home repair as current debt? No.

You can’t add future spending as current debt, which is what debt screamers do.
And an FYI they DO count those mandates in the debt, and those future mandates equal about 8 to 9T.

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Originally Posted by ~Rocktar~

Policing for financial gain is a really bad idea.

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What policy are you talking about? We were talking about funding the IRS so they can close the tax gap.

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Originally Posted by ~Rocktar~

compound interest works and how absolutely lethal rising interest rates and inflation are to the economy. .

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First, we don’t pay any compound interest on our debt in any real way. Next, the size of the deficit doesn’t have an impact on prices. Also, the interest rate on treasury bonds have remained relatively the same over the past 50+ years.
https://www.macrotrends.net/2016/10-...te-yield-chart

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Originally Posted by Solkern

When did I say this? Because I didn’t. I’m aware of how important our debt is, but it’s not doom and gloom like these debt hawks think it is.

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About here:

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Originally Posted by Solkern

If you actually knew how our economy ran, you would understand that the deficit doesn’t have as big of an impact as you think it does.

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Yeah no, debt doesn’t work like that. As mandates can change, But that doesn’t mean the federal government owes that amount, just like you don’t owe thousands of dollars when you start setting aside money for, say, a home remodel. In that case, you would write down how much you need, create a savings account at the bank, and start allocating money towards that project. But if you still haven’t hired any contractors, or bought any supplies, would you count the future cost of that home repair as current debt? No.

You can’t add future spending as current debt, which is what debt screamers do.
And an FYI they DO count those mandates in the debt, and those future mandates equal about 8 to 9T.

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Yeah it does work like that, things like Welfare, SS, Medicare and so many other programs include mandated payments without funding to support them. In the finance world debts vs income matter and in the consideration of the Fed and rising prime rates and so on, they matter no matter how much hopium you are snorting. And no, they really don't include those in order to cover up the spending.

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What policy are you talking about? We were talking about funding the IRS so they can close the tax gap.

First, we don’t pay any compound interest on our debt. Next, the size of the deficit doesn’t have an impact on prices.

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You want to increase IRS enforcement action to improve, sure sounds like policing for revenue, just like civil asset forfeiture, administrative fines, traffic cameras and so on but you keep snorting that hopium.

No, we don't currently but that is only because we pay at least the interest on the debt every year. That money comes out of the general fund which is a tax payer burden that increases the cost of government from the past and increases the cost of government currently and for the future since we don't have the money to spend, we have to borrow more to run government now which increases the price of government in the future. This compounds through time. Increased government spending and the increase in money supply to support it drive inflation directly and that very much DOES increase prices. Gods, take an economics class or maybe read a book on economics not written my Marx or fueled by unicorn farts and rainbow chips.

This isn't hard.

Arguing over nickel and diming... 80bn over 10 years? That's a rounding error in today's overall economy.

I see everyone is off course over minute details as usual, and stuck in the minutia... versus seeing the overall picture...

But it's all good... Men are having babies these days after all... We should focus on the important abortion legislation to ensure men have the right to kill their babies.

Hopefully you get the sarcasm.

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Originally Posted by Shaps

Arguing over nickel and diming... 80bn over 10 years? That's a rounding error in today's overall economy.

I see everyone is off course over minute details as usual, and stuck in the minutia... versus seeing the overall picture...

But it's all good... Men are having babies these days after all... We should focus on the important abortion legislation to ensure men have the right to kill their babies.

Hopefully you get the sarcasm.

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You know what isn't a rounding error? The joint IRS and CBO estimate showing that for every extra dollar spent funding the IRS that it returns between $5-$9 in increased tax compliance. Contrary to what your Lord Trump has said, tax evasion isn't the sign of a good businessman, it's simply a felony. Everyone pays their federally owed taxes and we're a lot better off.