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GoneFishin
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Liar,Liar,Pants on Fire
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Date:
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6/29/2025 4:35:32 PM (updated 6/30/2025 1:38:46 AM)
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MAGA promised to reduce the deficit. It was all just a fairy tale. The Republicans lied.
"The CBO estimates the Senate bill would increase the deficit by nearly $3.3 trillion from 2025 to 2034, a nearly $1 trillion increase over the House-passed bill, which CBO has projected would add $2.4 to the debt over a decade."
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MartiniMan
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Subject: |
CBO is the Liar,Liar,Pants on Fire
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Date:
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6/30/2025 9:23:34 AM
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Goofy, you really need to listen to those that actually know what's going on and not the media spin or Democrat/RINO lies about the CBO estimates. You do realize that the CBO estimate for adding to the deficit over 10 years is a result of keeping our current tax rates instead of raising them, right? No, I know you didn't...you just seized on a headline and ran with it.
A little history lesson for you. In 2017 the CBO projected little annual economic growth over ten years (1.8%) which is why their estimates about the impact of the tax regime were so far off. They were a massive 1% off in GDP growth (pre- and post-pandemic) and their estimate of wage growth was around half of what actually happened. And the biggest one of all, they projected tax revenue would drop by $1.5T over ten years......spoiler alert, they have gone up....bigly. CBO was off by $885B in their 2022 projection alone. That's almost a trillion dollars of revenue over what they projected would happen in just 1 year alone. Lower tax rates results in higher revenue to the Treasury...always has and always will. Higher tax rates reduces economic and wage growth which decreases revenue far more than higher rates increase it.
So pardon me when I scoff at people holding up CBO estimates as proof of what will happen, especially when they project a deficit increase based on assumed reductions in tax revenue based on keeping rates the same as they currently exist. We saw it with the Reagan tax cuts and the Trump cuts, when rates are lower, revenues to the Treasury go up due to greater economic growth than the CBO estimates....every time. And when rates go up we almost always get a recession....just ask Bill Clinton who admitted as much and what cost Algore the Presidency. The current bill reduces spending in many areas, obviously not as much as it should have. You can thank Democrats, RINOs and the leftist Senate Parlimentarian who magically assumed that many of the cuts in the House bill needed 60 votes, not 51. Another spoiler alert, Democrats will not allow cloture to have those spending cuts voted on in the Senate.
We have a spending problem, not a revenue problem and while both parties are culpable, Democrats are far more to blame than the GOP.
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MartiniMan
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Subject: |
Perfect example today in the Senate
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Date:
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6/30/2025 6:03:51 PM (updated 6/30/2025 6:05:03 PM)
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The original bill had the provision to remove 16M illegal aliens from receiving Medicaid benefits. This would have saved billions every year and preserved Medicaid for U.S. citizens. Senate Parlimentarian says no to reconciliation so it needed 60 votes. All Democrats and one RINO just voted for billions in additional costs to Medicaid to provide free health care to illegal aliens by preventing cloture. That is why spending is out of control. Every time they try to make sensible reductions they are prevented by Democrats.
By the way, the one RINO vote wasn't needed anyway as it would have still failed to get cloture.
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Name: |
MartiniMan
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Speaking of fraud and waste
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Date:
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6/30/2025 7:35:50 PM
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DOJ just announced a series of arrests and indictments of Russian, Pakastani, etc. fraudsters responsible for $14B in Medicare fraud. They basically bought U.S. based firms, stole millions of identities, charged billions in Medicare fraud and took the money. This is what Democrats vote for because they know some of the money gets laudered back into their election campaigns. Just keep voting for more and more funding that we can steal and we'll keep your campaign coffers full. But Goofy is worried about phoney CBO numbers.
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