Leave it to the commies taking up residence in the White House to want MORE taxes to pay for their ridiculous spending, rather than just cutting out all the unnecessary pallets of money going to other countries.
On Thursday, White House Council of Economic Advisers member Jared Bernstein appeared on MSNBC’s “Katy Tur Reports” and claimed that the United States is in such massive national debt because there’s “a real reluctance to raise the revenues we need to meet our spending obligations,” adding that debt “comes from not raising the revenues that we need to meet our obligations.”
In other words, charge Americans more taxes to pay for their ignorant spending.
Anchor Katy Tur asked, “We had a balanced budget in the late ’90s. How are we now $31.4 trillion in debt?”
Bernstein replied, “Well, I think one of the things that’s hurt us is just a real reluctance to raise the revenues we need to meet our spending obligations. For years, Republicans in particular were just absolutely unwilling to entertain any revenue increases, especially at the high end of the scale, which is of course where President Biden has focused on raising the revenues we need to meet our spending obligations. In Bidenworld, we pay for our long-lasting programs and we do so by raising revenues at the very top of the scale, above 400,000. That means more tax fairness, it means more after-tax income equality, and it is a value of this President, it’s one of the reasons why we’ve achieved 1.7 trillion in deficit reduction since he’s been in office.”
“The Trump tax cuts added almost 2 trillion to the deficit, Trump Republicans then went on to add another 2-plus trillion on the spending side, all while Republicans, including Kevin McCarthy, voted for three increases in the debt ceiling, all right? So, I think it’s a great question as to why now is different than then. As you’ve mentioned, the debt ceiling has been raised 78 times, I think 49 times with Republicans as president, the rest with Democrats, so that’s sort of a little hypocrisy there,” he continued.
Bernstein added, “[T]he tax story really needs to be discussed in the context of how you do you pay for your spending obligations. It’s the very first question you asked me today, where does all that debt come from? It comes from not raising the revenues that we need to meet our obligations.”
Later he was asked about whether or not the budget could be balanced by increasing taxes on the rich an he answered, “I think there’s nothing particularly simple in this space. But we’ve managed to pay for many of our spending programs in precisely that way.”
Big yikes.
Taxation always has been, and always will be theft.
29 Responses
Cut spending and stop stealing from my wages. Stop putting social Security taxes in the general fund and invest the money as required. Eliminate all the give away programs. Balanced budget anendment and repsy the money that was stolen from Social Security. Pass a flat tax amendmrnt.
Stop taxing the labor of workers. The country did well for over a hundred years with no invome tax and stay out of my life.
Clise the southern border.Do moy try to msnage peoples lives. Tespect the constution and all the rightd of the prople.
Biden is an idiot. Taxes were fine with Trump in office. Fuck Joe Biden and every Democrat in America. We want our country back with no tax increase. Trump 2024 and beyond.
We have total morons running this country!
If I went on such a spending spree like the government I’d be living on the street. Its call living within your means, not spending like theres no tomorrow.
Truer words have never been spoken.
Dumbass
What can you expect from a demented President? Some body please try to explain to him that is not higher taxes but run off expenditures that is causing this mess–but, explain it in basic terms like you would do to a 4-year old.
Repeal the communist democrats spending bills!!
No, no, no, the national debt has ballooned because government wasteful spending has ballooned. The Democrats are not honest in naming their spendthrift legislation calling the Green New Deal legislation the Inflation Reduction Act; that act is anything but inflation reduction; it is inflation increasing like all government spending. The Democrats spend money like the drunk and stoned Democrats they are. The Democrats’ favorite constituent is drunk, stoned and living on a government subsidy.
Just more stupidity from an idiot.
Idiot no. TRAITOR most definitely YES
FJB this old demented pos has no idea that he and his puppets are the entire cause and they should all be homeless. Joebamma has no functioning brain cells and tries to say everything he is ordered to say. FK all dims and I hope you all rot in hell
SO MUCH TRASH BLAMED ON PRESIDENT TRUMP..SO SICK OF THE LIES…THAT’S WHAT THEY ALL ARE IS LIES….BUT WHAT CAN YOU EXPECT FROM CORRUPT COMMUNIST CRIMINAL DEMON-RATS…NEVER EVER TAKE THE BLAME FOR THEIR FAILURES…WHICH ARE MOUNTING DAILY…FJB HAS STOLEN MORE TAXPAYERS MONEY THEN ANY OTHER PRESIDENT EVER…OBUMMER SENT MANY MANY PALLETT’S OF MONEY TO IRAN…FJB HAS GIVEN BILLIONS TO OTHER FOREIGN COUNTRIES..NONE OF WHICH SHOULD HAVE BEEN DONE…FJB SOLD OFF OUR OIL RESERVE..SENT OUR MILITARY WEAPONS TO FOREIGN COUNTRIES. NONE OF THEM SHOULD HAVE BEEN SENT…FJB IS SO ANTI-AMERICAN…HE NEEDS TO BE LOCKED UP FOR TREASON…ESPIONAGE…HUMAN TRAFFICKING….TRAFFICKING DRUGS…ALLOWING TERRORISTS INTO OUR COUNTRY..BRING DISEASES INTO OUR COUNTRY…NOW HE SOLD OUT AMERICA…SOLD OUR SOVEREIGNTY TO CANADA AND MEXICO..FJB SHOULD PAY THE ULTIMATE PRICE FOR THAT….NOW..FJB IS THE WORST RBMFSOBCPOSDA PREDO PEDO PERV FREAK CORRUPT CRIMINAL COMMUNIST EVER FORCED ON AMERICA…ILLEGITIMATE SCUM SUCKING LOSER…
That’s because the Big Guy and his White House have no clue what they are doing. They believe that the Presidency
came with a big, blank check. Are they naive or just plain stupid ?
No, you worthless pile of human excrement, the rising National Debt it is caused by your stupid, irresponsible spending, your disastrous economic policies, and funding a war that we have NO business being involved in. I knew that Braindead Ba$tard and his Communist party were itching to raise taxes on the poor and middle class to fund their WOKE bull$hit. FJB
If they would quit putting all that pork fat, they could easy bance the budget.
How much longer are they going to allow this demented old IDIOT to keep up this farce ???? By now EVERYBODY that has any resemblance of a brain KNOWS that Biden and his minions have no business anywhere near the whitehouse !!! Anybody that is hanging on to the LIE that Biden won the 2020 election is simply a Liberal RETARD and probably should be institutionalized !!! THIS FARCE HAS GONE QUITE FAR ENOUGH !!!! It’s time to put the Biden regime to rest once and for all !!! There is LIBERAL IGNORANCE and then there is Biden’s version, which is LIBERAL IGNORANCE on STEROIDS !!! It’s time for Biden’s Liberal Ignorance to be thrown out of our government, PERIOD !!!! DONALD J. TRUMP IS NOW AND HAS BEEN OUR PRESIDENT FROM 2016 UNTIL THIS DAY !!!! BIDEN IS A FRAUD !!!!!
When is somebody going to do something about this dope smokin crack head running the country in to the ground.
National debt comes from government spending to the tune of $31 trillion. Maybe we shouldn’t give them money, being they can’t stay within the budget.
They should all be arrested for gross negligence of wasting our money, borrowing and getting penalized with having to pay interest on that borrowed money.
You are right. The budget date is 1 October every year and they can not do that. To busy making up useless laws and regulations.
Now the rich are given the choice pay taxes or lend their money to the government and earn some interest. What amuses me is that the repugs continually try to shut off this cash cow to the rich. The solution is simple! simplify the tax code no more deductions. Each year an additional bill is sent to everyone in proportion to their wealth to balance the budget. There would be the option to buy bonds to reduce the overall [not individual] bill.
no, it comes from giving boat loads of u.s. money to enemies like china and other foreign u.s. haters that would stab you as quick as they can, in the back.
Dems are greedy and that is why we have the debt. They use tax dollars for buying pork fat. they think they are santa clause. Lets not leave out the greedy propaganda news media.
Biden fall and bump his head again-or is he just too busy playing puppet for the Kenyan Obama??
Amen! In the video clip, Pat Toomey(sp?) got it right. Dictator Biden and the Dems are driving this country into the ground. Inflation is SKYROCKETING, and Biden wants to raise taxes. So if more taxes have to be raised on the rich and the big corporations, what do you think that means … corporations will have no option other than to raise prices on everything. Who gets hurt the most? Folks on the lower ends of the income scales. By the way, who do you think already pays 49% of all taxes? You get one guess. Why does Biden think that spending with no limitations is a good thing? It would be like you or I having a credit card with no limits, and ballooning interest. But for us the principal & interest would have to be paid or else it would climb astronomically and the credit card company would shut you out. On America’s current path, the dollar will soon be worth pennies. SAD thing is … Biden thinks he’s doing a good job, and the Dems are brainwashing the country’s citizens.
“During his campaign, Joe Biden pledged he wouldn’t raise taxes on any American making less than $400,000 a year:
Not “one more penny in taxes, guaranteed, my word on it.”
But the president’s ‘tax-more-spend-more’ agenda violates his middle class tax pledge…
Firing a warning shot that could affect nearly every American in one way or another.
And yet here we are, staring in the face of inflation, war, and higher taxes.”
Ahhh…try government being fiscally irresponsible !! Reel it in & quite trolling on our time !!!
Joey is the most WPOS that this country has ever had. No Joey PP policies starting with the cut back of oil production to press a non workable system of clean energy windmills and solar panels are not a replacement and neither is EVs. That was proven this winter what a bad idea it is.
Wait a minute, isn’t this the guy who said “Read my lips, no new taxes.” Wtf?