A 5.8 TRILLION $ budget by Biden

[HJCane]

Wow this is just unreal. More evidence we learned nothing from Covid. This is 1 trillion more than the last normal budget year 2019 pre-pandemic.

Of course Corporate rate increased to 28% and taxes on wealthy raised to 39.6% but then he adds taxes on UNREALIZED GAINS for Billionaires.

Inside Biden’s $5.8 Trillion Budget: New Tax On High Earners And Billions For Police, Housing And More

The budget allocates $3.2 billion in grants to help hire more police officers and proposes the largest slate of tax hikes in history, targeting billionaires and corporations.

www.forbes.com

Highlights: Increased spending on the Military
Increased spending for Police although this should NOT be in a Federal budget it is a State / Local issue and they got LOADS of money from Covid relief
The usual areas suck up a ton of money Social Security, Medicaire, and interest on our debt.

One area I do agree on would be some regulation to stock buy backs for Executives. More regulation as to how long they have to hold the stock before cashing in. It's no secret that this has been abused by CEO's of public companies.

The rest is a lot of nonsense.
No more subsidies for fossil fuel companies. ( not every oil company is Exxon Mobil_
12 Billion for Climate Financing?? WTF is that?

More like this. It's DOA anyway in Congress.

It predicts that the debt will be 44.8 TRILLION by 2035 I think.
Think about that figure.

 

[NO.SHORECANE]

4% increase for defense
14% increase for IRS

 

[HJCane]

682 million on funding for Ukraine after we just gave them 14.5 BILLION.
Only 309mm for our border security "technology" but 494 million to "process border crossers and illegal aliens into the US interior.
The 14.5 billion to Ukraine + the 682mm is more than Trump needed 15 billion to build the border wall on which their BS technolgy could have been installed.

PRIORITIES!

 

[remma]

Generally the Dems blast the Repubs on defense spending, and yet this budget contains

a record $813.3 billion in defense-related spending

we're not even at war.......................Where's the outrage?

 

[ddimaggio]

The increases $ for the military and “ police” are a ruse . They won’t push the military spending like DJT did . The police spending. is related to the hiring of woke liberal social and mental health workers who will be directed to coddle criminals. Brandon already stated that. I think the quote was that we need more psychologists in police stations, not more guns .
The rest of the stuff is repackaged BBB crap without the name. It follows the usual Democrat playbook that the American public is stupid . If you can’t sell the lemon 🍋, call it an orange and see if that works .
It’s more wealth redistribution.
Picking on Billionaires is appealing, but sooner or later the same treatment will filter down to the multi millionaires, then the millionaires . It’s also being pitched on a faulty premise , that billionaires only pay 8% . Huh ? Thats absurd math. It may apply only if you consider unrealized gains.
It’s socialism

 

[central17]

The increases $ for the military and “ police” are a ruse . They won’t push the military spending like DJT did . The police spending. is related to the hiring of woke liberal social and mental health workers who will be directed to coddle criminals. Brandon already stated that. I think the quote was that we need more psychologists in police stations, not more guns .
The rest of the stuff is repackaged BBB crap without the name. It follows the usual Democrat playbook that the American public is stupid . If you can’t sell the lemon 🍋, call it an orange and see if that works .
It’s more wealth redistribution.
Picking on Billionaires is appealing, but sooner or later the same treatment will filter down to the multi millionaires, then the millionaires . It’s also being pitched on a faulty premise , that billionaires only pay 8% . Huh ? Thats absurd math. It may apply only if you consider unrealized gains.
It’s socialism

Just say No and win in November.

 

[NO.SHORECANE]

Increase in defense spending is less than inflation, so it's a negative.

 

[chasmish]

Wow this is just unreal. More evidence we learned nothing from Covid. This is 1 trillion more than the last normal budget year 2019 pre-pandemic.

Of course Corporate rate increased to 28% and taxes on wealthy raised to 39.6% but then he adds taxes on UNREALIZED GAINS for Billionaires.

Inside Biden’s $5.8 Trillion Budget: New Tax On High Earners And Billions For Police, Housing And More

The budget allocates $3.2 billion in grants to help hire more police officers and proposes the largest slate of tax hikes in history, targeting billionaires and corporations.

www.forbes.com

Highlights: Increased spending on the Military
Increased spending for Police although this should NOT be in a Federal budget it is a State / Local issue and they got LOADS of money from Covid relief
The usual areas suck up a ton of money Social Security, Medicaire, and interest on our debt.

One area I do agree on would be some regulation to stock buy backs for Executives. More regulation as to how long they have to hold the stock before cashing in. It's no secret that this has been abused by CEO's of public companies.

The rest is a lot of nonsense.
No more subsidies for fossil fuel companies. ( not every oil company is Exxon Mobil_
12 Billion for Climate Financing?? WTF is that?

More like this. It's DOA anyway in Congress.

It predicts that the debt will be 44.8 TRILLION by 2035 I think.
Think about that figure.

He is one of the worst and dumbest politicians in history. Plus a scumbag and historically corrupt way more than most. When you parlay him and his happy band of progressive morons, we are in big trouble. Feel awful for our children and Grandchildren. Pray the the Reps to kick ass in the Fall. They aren’t any great shakes either, but they are better than this sorry ass crew running things right now.