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originally posted by: BlueAjah
a reply to: 0zzymand0s
If you truly believe that all of our debt is based on bonds, then you are misguided.
Do you know where your tax dollars go?
The U.S. government paid an Afghan construction firm nearly $500,000 in 2012 to build an Afghan police training center that began to disintegrate in the rain four months after the project was finished because it was built with mud bricks. And why were our taxes used to build a police station in Afghan?
A nonprofit contractor billed the U.S. Agency for International Development $1.1 million for staff parties and lavish retreats.
Citizens Against Government Waste estimated that the government could save $24 billion over five years if they would restart an audit program to identify Medicare fraud.
The National Institute of Health’s Center for Alternative and Complimentary Medicine spent $387,000 to study the effects of Swedish massages on rabbits.
The Department of Interior spent $10,000 to monitor the growth rate of saltmarsh grass. In other words, the government is paying people to watch grass grow.
The National Science Foundation has granted more than $200,000 to a research project that is trying to determine how and why Wikipedia is sexist.
The National Institute of Health funded a study to see if mothers love dogs as much as they love kids. Regardless of the results, this experiment cost taxpayers $371,026.
The federal government has granted $804,254 for the development of a smartphone game called “Kiddio: Food Fight.” The game is intended to teach parents how to convince their children to try and eat new healthier food choices.
The National Endowment for the Humanities has provided $47,000 for undergraduate classes that teach students about laughing and humor.
The National Science Foundation spent $856,000 to teach mountain lions how to walk on treadmills as part of a research project whose aim was to better understand mountain lions’ instincts.
There are many examples of wasteful spending here:
There is a long, shocking list of wasteful spending here:
Including tens of billions on "Food Stamps for Taco Bell, Beer, and Condoms" (of course under Bernie, that kind of spending will increase)
The Trump Tax Plan Is Revenue Neutral
The Trump tax cuts are fully paid for by:
Reducing or eliminating most deductions and loopholes available to the very rich.
A one-time deemed repatriation of corporate cash held overseas at a significantly discounted 10% tax rate, followed by an end to the deferral of taxes on corporate income earned abroad.
Reducing or eliminating corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rate on corporations and business income.
We will also phase in a reasonable cap on the deductibility of business interest expenses.
Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals:
Tax relief for middle class Americans:
In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages.
Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money.
Grow the American economy by discouraging corporate inversions, adding a huge number of new jobs, and making America globally competitive again.
Doesn’t add to our debt and deficit, which are already too large.
originally posted by: WeRpeons
a reply to: BlueAjah
You do know this wall is estimated to cost over 10 billion dollars. Increasing fees on the things you outlined won't put a dent into it. Not only that, what about the interest that will accrue on this 10 billion dollars? We won't exactly be paying for this in cash while receiving a small percentage of cash from these increased fees and the expected remittance from illegal wages (good luck on that one, most of it isn't on the books!)