What Should the US Do with All This Extra Revenue?

[What Would Jesus Do?]

So apparently Obama's latest deficit is lower than Bush's 2007 deficit - which makes it a whole lot lower than Bush's last deficit or the one he left for Obama, thanks to the Bush Recession, no matter whose numbers you want to use.

Some people have been trying to blame Obama for a weak economy and high deficits. Others have blamed them on Bush. But now that things are looking back to pre-recession numbers, perhaps we can all agree that what happens going forward is on Obama. For good or ill.

So anyway, as the quote below tells us, revenues are up this year by 8%. What should we do with them? I say we cut taxes on the rich.

http://money.cnn.com/2015/10/15/news/economy/budget-deficit/index.html?iid=surge-story-summary

The 2015 deficit came in at $439 billion, or 2.5% of the size of the economy, according to numbers released Thursday by the Treasury Department and the White House Office of Management and Budget.


That's the lowest since 2007, when the annual deficit was $161 billion, or 1.1% of GDP.


It's also $44 billion, or 9%, lower than it was in 2014.


Money in: The federal government took in $3.25 trillion in revenue, up 8% from the year before.

 

[moral_victory]

I say we cut taxes on the rich.

Imagine all of the tax revenue this would create with trickle down.

 

[What Would Jesus Do?]

Imagine all of the tax revenue this would create with trickle down.

Exactly!

It is now revealed that Obama's plan is similar to Kasich's plan - except that Kasich wants to lower taxes on the rich before revenues begin to increase. And, of course, that Obama hasn't actually called for lowering taxes on the rich, has he?

Nobody expects the Spanish Inquisition.

 

[PerkyForHerky]

sigh

 

[moral_victory]

Kasich's plan

I really wish Obama would protect estates from taxes. You know someday I could be the child of a billionaire.

 

[What Would Jesus Do?]

sigh

I know!

It's tough when the truth is so reliably liberal.

 

[moral_victory]

sigh

 

[Titanhawk2]

Isn't this all the result of the dreaded sequester an not because of any one individuals decisions?

 

[86Hawkeye]

More sequester, please.

 

[Greenway12]

National debt when Obama took office: $10.6 trillion
National debt now: $18.4 trillion and counting

He's a real deficit buster!

 

[22*43*51]

Reduced deficit doesn't mean increased revenue.

Damn, Libs and their stunted economic knowledge.

 

[What Would Jesus Do?]

Isn't this all the result of the dreaded sequester an not because of any one individuals decisions?

No.

But nice try.

 

[What Would Jesus Do?]

Reduced deficit doesn't mean increased revenue.

Damn, Libs and their stunted economic knowledge.

And no one said that.

Damn cons and their stunted reading comprehension.

 

[What Would Jesus Do?]

National debt when Obama took office: $10.6 trillion
National debt now: $18.4 trillion and counting

He's a real deficit buster!

It's tough when we aren't even paying the interest on the credit card.

 

[aflachawk]

I know!

It's tough when the truth is so reliably liberal.

You mean when a very small time frame is picked out to attempt to prove a point. Add all the years of deficits up in each administration and see where we are? In addition according to the administration own protections, the deficits will explode in the near future

 

[22*43*51]

And no one said that.

Damn cons and their stunted reading comprehension.

So what are you wanting to spend?

 

[What Would Jesus Do?]

So what are you wanting to spend?

Other people's money, of course.

Not sure what you are asking.

 

[22*43*51]

Other people's money, of course.

Not sure what you are asking.

Thread title - "What should we do with all of this revenue?"

What did you think you had to do something with?

 

[moral_victory]

Thread title - "What should we do with all of this revenue?"

What did you think you had to do something with?

I would fund a mandatory gun "buy back" program. I would pay the people with Hillary Clinton posters and coasters.

 

[HallofFame]

I would hand it out to Mexicans and blacks. Then if anything is left I would fund those shovel ready jobs.

 

[Foxclone]

Kick the can down the road and make it our children's problem.
Life is great when you spend other peoples money and money we don't have.

 

[Speedway1]

National debt when Obama took office: $10.6 trillion
National debt now: $18.4 trillion and counting

He's a real deficit buster!

Exactly, If they have a surplus. It should be used to PAY down the Debt. Not more give aways!

 

[ANYCHawk]