I like the illustration, but I could not find one crucial expenditure in the diagram which, if I understand things, belongs there: the infamous tax cuts. I can't believe how everyone seems to be ignoring the fact that a tax CUT is as much an EXPENDITURE as a new bomber: it reduces revenue instead of increasing outgo, but the effect on the budget deficit is EXACTLY THE SAME. I seem to recall that these were referred to at one time as "tax expenditures", for that is just what they are. If it were up to me, the first cuts in the budget's expenditures would be the extended tax handout to the billionaires and corporations, and that's where the deficit hawks should start looking.
I think you have the right frame for this bill, but not the right parties. The bill is not a transfer of wealth from young to old, it’s a transfer of wealth from middle and lower class people to the very rich. Some of those middle and lower class folks are old. I would guess that most older folks fall into those classes. So do most younger folks, but some are quite rich. The effects of the bill on both healthcare and taxes fall mainly on the poor, regardless of age.
Brief firm narrative Dem should use but bc of SCOTUS vacation and other issues I’ll share sometime on live video. Thought you should see why the WH wants the bill passed tomorrow or by the weekend
This will have to wait for my morning (full caf) coffee. I need to absorb what I’ve already read and seen before I can shovel more on top.
So, g’night.
Sweet dreams!
Same for you.
I like the illustration, but I could not find one crucial expenditure in the diagram which, if I understand things, belongs there: the infamous tax cuts. I can't believe how everyone seems to be ignoring the fact that a tax CUT is as much an EXPENDITURE as a new bomber: it reduces revenue instead of increasing outgo, but the effect on the budget deficit is EXACTLY THE SAME. I seem to recall that these were referred to at one time as "tax expenditures", for that is just what they are. If it were up to me, the first cuts in the budget's expenditures would be the extended tax handout to the billionaires and corporations, and that's where the deficit hawks should start looking.
I agree, J.B....on all accounts!
I think you have the right frame for this bill, but not the right parties. The bill is not a transfer of wealth from young to old, it’s a transfer of wealth from middle and lower class people to the very rich. Some of those middle and lower class folks are old. I would guess that most older folks fall into those classes. So do most younger folks, but some are quite rich. The effects of the bill on both healthcare and taxes fall mainly on the poor, regardless of age.
Brief firm narrative Dem should use but bc of SCOTUS vacation and other issues I’ll share sometime on live video. Thought you should see why the WH wants the bill passed tomorrow or by the weekend
https://apple.news/AAKYEZgs5SSC3cuUTr-Jh0g
Thank you Jack as always.