And apparently you can't see that with increased economic activity, tax revenue rises.

The tax and spend liberals can't stand any lean times, though, so they allowed tax cuts in the Reagan years, but didn't allow any spending cuts. Of course, for the first couple of years, tax revenue went down and the debt went up. And when the increased economic activity started producing more tax revenue, the tax and spend liberals outspent what turned out to be a generous prediction thus adding to the debt even further!

The answer to your question is, no, you don't pay down the debt with less tax revenue (and it's a misnomer to call tax revenue "income.")

There is less tax revenue in the beginning, but with less tax BURDEN on the producers of this nation, they have more cash to GET BUSY PRODUCING.

Of course, with our extremely efficient government workers, it only takes them 4 or 5 years to document what's happening this fiscal year, so to add to the delay in the time it takes for a business to start up and GET BUSY, *and* our extremely efficient government (sarcasm), the tax and spend liberal acts before they think and then starts saying things like "Reaganomics/trickle down doesn't work."

Yes, funny thing about state debt, they have to pay it back.

https://ballotpedia.org/State_debt

Alaska's probably relying on all the natural resources they have up there but BIG GOVERNMENT is preventing its access.

Next state: Hawaii... Just how do they think they're going to pay off their debt? Tourism? Everybody who goes there comes back and complains about it.

Next states with the highest debt: Connecticut, Ohio, Illinois, New Jersey, New Mexico, Oregon, California, New York...

And then finally, a red state: Kentucky...

Taxing and spending has been tried again and again. And every time it's tried, it doesn't work.

How about we try something different this time?

There is a difference between State debt and State budget deficits.

Yes, Texas has a sizable State debt, but it is BONDS (as you say, they have to be paid back). We can not deficit spend, per our State Constitution. We DO have a multi-billion dollar State budget surplus, WITHOUT a State Income Tax.

All this, and we STILL have an economic growth that is about 0.5% higher than the national average (3.2% vs 2.7%)...

Maybe the other States, and the Federal Government should all try doing things OUR way for a while. Maybe that way, at the very least the flood of Yankees coming down here looking for jobs might go away. The Yankees have ruined all the good Mexican Restaurants down here. They no longer serve any hot sauces worthy of the word 'hot'... Afraid the wimpy Yankees might sue them.

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https://youtu.be/iY57ErBkFFE

#Texit

Don't blame me, I voted for Johnson(L) in 2016.

Truth is dangerous... especially when it challenges those in power.

And apparently you can't see that with increased economic activity, tax revenue rises.

When you cut taxes you increase inflation because more has to be borrowed driving up interest rates and making the dollar worthless. That more than eats up any increase in economic activity.

After the first year Reagan saw what a terrible failure it was, he signed the largest tax increase in history (1982) to undo the damage, but the Republican MIC grabbed the money and wasted it on the Pentagon.

Now as to jobs, those things that produce tax revenue, no company is ever going to hire an American. It's over. All production is overseas or done by robot. Americans have already made the last thing. Americans cost too damn much to employ.

What's the minimum wage today, $7.25/hr.? A worker in the third world costs $0.05/hr or about 150 times less! Since the big markup happens in the foreign country, no US tax revenue. The oligarch gets ever fatter off your tax cut. And we haven't even begun to talk about being able to run your plant like Union Carbide in Bhopal.

And speaking of those overseas laborers, now they have money, they are the new customers for the oligarch. And none of that money ever is in America, so it can't be taxed.

Taxing and spending has been tried again and again. And every time it's tried, it doesn't work.

How about taxing and that third word of my post you can't seem to read or allow into your brain. That hasn't been tried in a long time. Tell me how that doesn't work.

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...no company is ever going to hire an American. It's over. All production is overseas or done by robot. Americans have already made the last thing.

Wow.

Well, I guess that's it then. I guess all Americans just need to go home and die now.

Guy, no the pitchforks will come out and it won't be pretty.

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And apparently you can't see that with increased economic activity, tax revenue rises.

When you cut taxes you increase inflation because more has to be borrowed driving up interest rates and making the dollar worthless. That more than eats up any increase in economic activity.

OR... you could just cut Government Spending. Stop the borrowing/deficit spending.

After the first year Reagan saw what a terrible failure it was, he signed the largest tax increase in history (1982) to undo the damage, but the Republican MIC grabbed the money and wasted it on the Pentagon.

Now as to jobs, those things that produce tax revenue, no company is ever going to hire an American. It's over. All production is overseas or done by robot. Americans have already made the last thing. Americans cost too damn much to employ.

Thats the truth. Put the blame where it is due. Labor Unions (they collectively bargained their members out of their jobs) and Tax&Spend Government pukes (passed all sorts of overly-controlling regulations).

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https://youtu.be/iY57ErBkFFE

#Texit

Don't blame me, I voted for Johnson(L) in 2016.

Truth is dangerous... especially when it challenges those in power.

And apparently you can't see that with increased economic activity, tax revenue rises.

When you cut taxes you increase inflation because more has to be borrowed driving up interest rates and making the dollar worthless. That more than eats up any increase in economic activity.

OR... you could just cut Government Spending. Stop the borrowing/deficit spending.

As most of it goes on health and benefits, what do you propose?
Drastically reducing the populations of those States that take more Federal Funds than they put in. That would be MI, NM, AL, LA, TN, MT, SD, KY, VW and a few more. All good hard core Republican states. That would be a good way to keep the GOP in power. Not.

After the first year Reagan saw what a terrible failure it was, he signed the largest tax increase in history (1982) to undo the damage, but the Republican MIC grabbed the money and wasted it on the Pentagon.

Now as to jobs, those things that produce tax revenue, no company is ever going to hire an American. It's over. All production is overseas or done by robot. Americans have already made the last thing. Americans cost too damn much to employ.

Thats the truth. Put the blame where it is due. Labor Unions (they collectively bargained their members out of their jobs) and Tax&Spend Government pukes (passed all sorts of overly-controlling regulations).

It's automation that has cost jobs in manufacturing, down from nearly 20 million in late 1970's to under 12 million now. BUT manufacturing output has gone up in value from $800 billion to over $16 Billion.
It may be true that union actions caused manufacturing industries to look at ways to be still competitive, but that would probably happened anyway.

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And apparently you can't see that with increased economic activity, tax revenue rises.

When you cut taxes you increase inflation because more has to be borrowed driving up interest rates and making the dollar worthless. That more than eats up any increase in economic activity.

OR... you could just cut Government Spending. Stop the borrowing/deficit spending.

The largest piece of the pie* is the Pentagon & VA. Cut to zero. Now we might not have to raise taxes to stop the deficit.
All the rest of the slices together don't match this one, so have your reality check.


*Discretionary spending.

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Gary you didn't mention the proposed tax cuts coupled with the proposed infrastructure spending. The increased supply of money will exacerbate the inflation cycle you describe. The inflation will reduce real income. Those who hold physical assets will see their values hold. Hence the oligarchs get a relative gain. That is all they want . Read Thorstein Veblen. https://en.wikipedia.org/wiki/The_Theory_of_the_Leisure_Class

Thought "promises of Trump" covered that. However please do continue about spend and pass the buck to the future Trump. As the debt of the US explodes under him hyperinflation may pass Weimar Republic standards.

Trump didn't cause the present problem.

Those who caused the present problem are yelling, screaming and stomping their feet attacking Trump.

Amazing to behold.

No. Those who caused the current problems are being appointed to his cabinet.

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Reality Internet Personality

And apparently you can't see that with increased economic activity, tax revenue rises.

When you cut taxes you increase inflation because more has to be borrowed driving up interest rates and making the dollar worthless. That more than eats up any increase in economic activity.

OR... you could just cut Government Spending. Stop the borrowing/deficit spending.

The largest piece of the pie* is the Pentagon & VA. Cut to zero. Now we might not have to raise taxes to stop the deficit.
All the rest of the slices together don't match this one, so have your reality check.


*Discretionary spending.

You still don't get it, Gary... Eliminate 'entitlements', AND cut 'discretionary spending' by at LEAST 50%. Must be the air there in the People's Republic of California affecting your mind, between all the Cannabis pollen and the methane emissions... <wink>

If California (or any other State) wishes to have 'entitlements', let them pay for it with their own State Taxes.

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https://youtu.be/iY57ErBkFFE

#Texit

Don't blame me, I voted for Johnson(L) in 2016.

Truth is dangerous... especially when it challenges those in power.

And apparently you can't see that with increased economic activity, tax revenue rises.

When you cut taxes you increase inflation because more has to be borrowed driving up interest rates and making the dollar worthless. That more than eats up any increase in economic activity.

OR... you could just cut Government Spending. Stop the borrowing/deficit spending.

The largest piece of the pie* is the Pentagon & VA. Cut to zero. Now we might not have to raise taxes to stop the deficit.
All the rest of the slices together don't match this one, so have your reality check.


*Discretionary spending.

You still don't get it, Gary... Eliminate 'entitlements', AND cut 'discretionary spending' by at LEAST 50%. Must be the air there in the People's Republic of California affecting your mind, between all the Cannabis pollen and the methane emissions... <wink>

If California (or any other State) wishes to have 'entitlements', let them pay for it with their own State Taxes.

I am sure California would be happy to stop subsidising states like Texas.

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Reality Internet Personality

Re my earlier post about reducing the populations of States that take the most out of the Federal budget. It looks like it has already started.
http://www.wvgazettemail.com/news-health/20161217/drug-firms-poured-780m-painkillers-into-wv-amid-rise-of-overdoses

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You still don't get it, Gary... Eliminate 'entitlements', AND cut 'discretionary spending' by at LEAST 50%. Must be the air there in the People's Republic of California affecting your mind, between all the Cannabis pollen and the methane emissions... <wink>

Pentagon isn't quite 50% of the discretionary budget, so it is gone*. Or did you want to cut out the FBI, NSA, CIA, TSA, FAA, SS, OCC, IRS, DOT, NPS, USFS, ..... the other 50% of the discretionary budget? Now we get rid of Social Security and Medicare a/k/a the entitlements**. Can you post your address so we can send the pitchforks in your direction?

Or do you need to take a hard look at what the budget is before you make comments on what can be cut?


*Interest on the debt is in the discretionary budget, but somehow I don't think that can be cut, feel free to explain how we default on bonds if you disagree.
**Were you under the post-truth impression that "welfare" makes up the bulk of entitlements?

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Well it's been confirmed.

Trump is 45th President of the USA

Well it's been confirmed.

Trump is 45th President of the USA

Shall we take bets on how long he lasts before he's impeached?

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Reality Internet Personality

Well it's been confirmed.

Trump is 45th President of the USA

Shall we take bets on how long he lasts before he's impeached?

8 months is my bet :-)

Well it's been confirmed.

Trump is 45th President of the USA

Shall we take bets on how long he lasts before he's impeached?

8 months is my bet :-)

It'll be around the time the Republicans realise they can't control him.

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Reality Internet Personality

Well it's been confirmed.

Trump is 45th President of the USA

Shall we take bets on how long he lasts before he's impeached?

8 months is my bet :-)

It'll be around the time the Republicans realise they can't control him.

Hmm, wonder if the charge will be real or a "Trumped" up one :-)

& from 20/1/17 the RotW will have fun watching the USA implode without ANY external influences.

Over 300,000,000 & that was the best you could come up with Frillary & Drumpf?