Massie: This bill adds 20T to the debt over 10 years.

[jon-nyc]

Wait until hedge fund managers start paying themselves tips from their LLCs.

[Jolly]

@LuFins-Dad said in Massie: This bill adds 20T to the debt over 10 years.:

Simultaneously, we’ve got a very serious market and real estate bubble going on, inflation is still higher than the Fed is comfortable with, and we still have high interest rates over what we’re used to seeing. We need substantial and sustainable growth right now, desperately. I don’t see how that happens while raising taxes back to the Obama levels.

This.

I'm also in favor of a cap on the tip exemption.

[Jolly]

Secondly, a lot of our problem is entitlements. Fer gawd's sake, take the cap off of FICA...

[Horace]

So, where's the removal of the SS cap? Is that in the picture in any conceivable legislative future?

[LuFins Dad]

Pssst, it’s not the entitlements…

https://budget.house.gov/press-release/op-ed-wall-street-journal-welfare-is-whats-eating-the-budget

[Horace]

"We give too much money to the poor" will be a tough sell.

[jon-nyc]

@LuFins-Dad said in Massie: This bill adds 20T to the debt over 10 years.:

Pssst, it’s not the entitlements…

https://budget.house.gov/press-release/op-ed-wall-street-journal-welfare-is-whats-eating-the-budget

This is really disingenuous. The ticking time bomb that are entitlements won’t actually explode for a decade ergo it’s not the problem.

Zero out everything he mentions and entitlements still bankrupt us before Finley graduates college.

[Copper]

This might be a good time to start a balanced budget movement.

[LuFins Dad]

@jon-nyc said in Massie: This bill adds 20T to the debt over 10 years.:

@LuFins-Dad said in Massie: This bill adds 20T to the debt over 10 years.:

Pssst, it’s not the entitlements…

https://budget.house.gov/press-release/op-ed-wall-street-journal-welfare-is-whats-eating-the-budget

This is really disingenuous. The ticking time bomb that are entitlements won’t actually explode for a decade ergo it’s not the problem.

Zero out everything he mentions and entitlements still bankrupt us before Finley graduates college.

Yeah, remind me again who has been calling for a removal of the FICA caps and a .5% FICA increase?

[LuFins Dad]

But everybody keeps forgetting about the upcoming 25% tariffs. That will take care of everything.

[jon-nyc]

@LuFins-Dad said in Massie: This bill adds 20T to the debt over 10 years.:

@jon-nyc said in Massie: This bill adds 20T to the debt over 10 years.:

@LuFins-Dad said in Massie: This bill adds 20T to the debt over 10 years.:

Pssst, it’s not the entitlements…

https://budget.house.gov/press-release/op-ed-wall-street-journal-welfare-is-whats-eating-the-budget

This is really disingenuous. The ticking time bomb that are entitlements won’t actually explode for a decade ergo it’s not the problem.

Zero out everything he mentions and entitlements still bankrupt us before Finley graduates college.

Yeah, remind me again who has been calling for a removal of the FICA caps and a .5% FICA increase?

Me.

[Horace]

I think everybody on this board has been in favor of a removal of the SS cap.

[LuFins Dad]

@jon-nyc said in Massie: This bill adds 20T to the debt over 10 years.:

@LuFins-Dad said in Massie: This bill adds 20T to the debt over 10 years.:

@jon-nyc said in Massie: This bill adds 20T to the debt over 10 years.:

@LuFins-Dad said in Massie: This bill adds 20T to the debt over 10 years.:

Pssst, it’s not the entitlements…

https://budget.house.gov/press-release/op-ed-wall-street-journal-welfare-is-whats-eating-the-budget

This is really disingenuous. The ticking time bomb that are entitlements won’t actually explode for a decade ergo it’s not the problem.

Zero out everything he mentions and entitlements still bankrupt us before Finley graduates college.

Yeah, remind me again who has been calling for a removal of the FICA caps and a .5% FICA increase?

Me.

Here’s one of mine - https://nodebb.the-new-coffee-room.club/post/328667

Show me one of yours.

[LuFins Dad]

@Horace said in Massie: This bill adds 20T to the debt over 10 years.:

I think everybody on this board has been in favor of a removal of the SS cap.

Ahhh, but a FICA increase as well?

[89th]

@Horace said in Massie: This bill adds 20T to the debt over 10 years.:

I think everybody on this board has been in favor of a removal of the SS cap.

Speak for yourselves! I make $2 million per year and have no need to pay social security after the first $175k... aka what I call January's paycheck.

[89th]

BTW if you remove the SS cap, about 12 million people will be paying more (7% of the employed population make more than 175k per year, according to the IRS). Yes, it's more income for the IRS, but also more people pissed off about raised taxes. They'll likely talk about it at their annual caviar charity polo match.

[Jolly]

Welfare is abused, ain't no doubt about. Meth is cheap. Pot is cheap. Fentanyl is cheap.

One can stay strung out in HUD housing for a long time and not hit a lick at a snake. If they were broke, they couldn't buy drugs. If they were hungry, they would work.

There's a reason I walked through a multimillion dollar job earlier this week and saw one white person (the job super), no black people and enough Mexicans to reenact the Battle of the Alamo.

[jon-nyc]

[Axtremus]

@89th said in Massie: This bill adds 20T to the debt over 10 years.:

aka what I call

Redundant.

[Axtremus]