Lib Challenge - How does raising taxes help?

[Sihouette]

When I state "big financial problems", I mean their countries are close to bankruptcy because of the severe burdon of the mismanaged national healthcare

Soley because of mismanaged (keyword) healthcare? I highly doubt that. If you look deeper you might find GNP problems and problems trading with other countries.

Our workers are unaffordable on the world market. GNP depends on the world market. So we are in a bit of a bind. In order to stay competitive AND bring jobs home, we HAVE TO make healthcare affordable, subsidized and universal. We have no choice. Circumstances have brought us to this point. And since we're in this situation, we might as well get started from day one working on efficiency and cutting waste in the madatory universal health care that will either be implemented or we as a nation will fall back into "developing" status, economically speaking..

 

[Sihouette]

So you see, the very nation itself and our understanding of who we are as Americans depends on staying competitive in a world sense.

So the middle class will grow as the upper crust shrinks (boo hoo).

So we all will have to get used to having enough instead of either having too much or nothing at all. (boo hoo)

So our nation will stabilize its economy and be considered a good risk once again.. Oh, the humanity!

Jesus, you GOP moles act like getting basic universal health care (be thy brother's keeper?) is like worshipping Satan. We have socialized protection of life and limb via the military and police. So therefore shall we extend that protection to the very source of the preservation of life and limb: universal healthcare. Anything less is madness. And we're living the fallout of that madness: people losing their ability to afford housing payments because they needed a root canal. It's just madness..

 

[Phoenix68]

Lib Challenge - How does raising taxes help?​

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"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

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[mark francis]

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"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

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The deficit was lowered during Obama's term but the debt was doubled. The US credit rating was lowered during Obama's term, but how many Americans know whether it was the debt or the deficit that threatened the stability of the US economy, forcing credit agencies to lower our credit rating?

 

[Phoenix68]

The deficit was.....

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Get back, to us, after you've finally managed to find any facts to support your current tantrum.
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[pjmret]

The deficit was lowered during Obama's term but the debt was doubled. The US credit rating was lowered during Obama's term, but how many Americans know whether it was the debt or the deficit that threatened the stability of the US economy, forcing credit agencies to lower our credit rating?

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011. Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon."[24]


It was our broken political system

 

[mark francis]

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View attachment 4904
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Get back, to us, after you've finally managed to find any facts to support your current tantrum.
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Dummies think the US will never have to pay back its debt and believe the US economy is invincible and the US Treasury is like the mythical golden goose that can spend as much borrowed money as it likes without ever being in danger of collapse.

 

[mark francis]

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011. Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon."[24]


It was our broken political system

The political system proves it is broken by continuing to raise the nation's borrowing limit rather than cut wasteful spending.

 

[pjmret]

The political system proves it is broken by continuing to raise the nation's borrowing limit rather than cut wasteful spending.

No one argues it is broken no proof required sadly

 

[Scooby]

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In 1997, taxes were cut.​

Taxpayer Relief Act of 1997 - Wikipedia

en.wikipedia.org

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The elimination of the entire national deficit that you tout above took place in 1998 thru 2001.​

 

[mark francis]

In 1997, taxes were cut.​

Taxpayer Relief Act of 1997 - Wikipedia

en.wikipedia.org

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The elimination of the entire national deficit that you tout above took place in 1998 thru 2001.​

 

[mark francis]

The debt ceiling was raised 4 times while Clinton was President and the government shut down once due to lack of operating funds. Why? Because Congress ran out of other people's money to feed its addiction to spending.