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If your business is in trouble, what do you do? Slash the pieces that aren't getting you anywhere and focus your energy on moving into and investing in areas that project higher growth and that will show some return. The same with your personal finances--you cut the bloat (your wants), stabilize your needs, and invest in a business, or things like education, to get you and your family ahead long term. At least, that's what successful businesses and responsible families do. Cutting the budget to the bone without investment in the future gets you nowhere quick long term. I want to see details, but cutting the corporate tax rate to encourage small business growth and foreign investment at the same time that we close loopholes and pork that keep some industries from paying nothing is another good start. I thought this was a very probusiness development plan. We'll see how it pans out.
If your business is in trouble, what do you do? Slash the pieces that aren't getting you anywhere and focus your energy on moving into and investing in areas that project higher growth and that will show some return. The same with your personal finances--you cut the bloat (your wants), stabilize your needs, and invest in a business, or things like education, to get you and your family ahead long term. At least, that's what successful businesses and responsible families do. Cutting the budget to the bone without investment in the future gets you nowhere quick long term. I want to see details, but cutting the corporate tax rate to encourage small business growth and foreign investment at the same time that we close loopholes and pork that keep some industries from paying nothing is another good start. I thought this was a very probusiness development plan. We'll see how it pans out.
Sounds like you thing the fed has it's own money to play with
While we got you here ovcatto, do Democrats have a way to control their spending problem or should they come clean by admitting they are hopelessly addicted to buying votes from the entitlement class with money stolen from our children, resign in mass, discontinue all political activities and apologize to the nation for ever existing?
Don't you mean the left demonizes the group that pays lip-service to the ideas of getting spending under control and shrinking government, and then proceeds to expand government and spend like drunken sailors to promote their own agenda?
The dems have controlled congress since 2006 . Look in the mirror the drunken sailor is you.
when Is enough spending enough? tell me democrats when will we have spent enough. The left demonizes the group that wishes to get spending under control , but I have never seen an answer as to how much spending is enough?
A simple fact relevant to the discussion: Deficit has two factors, not just one... Deficit = Receipts - Outlays
Outlays is spending. Receipts is via taxes that the government collects. Let us assume that we fixed spending at 2004 levels (the budget at the time deliberately left spending on two wars out at the time, and let us even assume that same position, for now). The spending was... $2.3T. Adjusted for inflation adjusted, we're looking at 2.6T in 2009. Remember, this excludes spending on the two wars. Would it be fair to assume $3T in total spending, including war and interest on previous debt? (We paid nearly a half trillion on interest on existing debt in 2008 alone).
The Federal Tax receipts in 2009 was $2.1T. We're looking at a trillion dollar in deficit when the spending was frozen for five years. That should not happen, right? Why do we keep ignoring a fact that tax receipts in 2009 is about at the same level as it was in 2000? In fact, tax receipts in 2000 was $2.4T in 2009 dollars. Why did that happen? Does this reality add to budget deficits?
when Is enough spending enough? tell me democrats when will we have spent enough. The left demonizes the group that wishes to get spending under control , but I have never seen an answer as to how much spending is enough?
No wonder 0bama wants to freeze the budget, it spends, spends and spends, which is just the way he likes it.
A simple fact relevant to the discussion: Deficit has two factors, not just one... Deficit = Receipts - Outlays
Outlays is spending. Receipts is via taxes that the government collects. Let us assume that we fixed spending at 2004 levels (the budget at the time deliberately left spending on two wars out at the time, and let us even assume that same position, for now). The spending was... $2.3T. Adjusted for inflation adjusted, we're looking at 2.6T in 2009. Remember, this excludes spending on the two wars. Would it be fair to assume $3T in total spending, including war and interest on previous debt? (We paid nearly a half trillion on interest on existing debt in 2008 alone).
The Federal Tax receipts in 2009 was $2.1T. We're looking at a trillion dollar in deficit when the spending was frozen for five years. That should not happen, right? Why do we keep ignoring a fact that tax receipts in 2009 is about at the same level as it was in 2000? In fact, tax receipts in 2000 was $2.4T in 2009 dollars. Why did that happen? Does this reality add to budget deficits?
Compounding all this is that 0bama increased the size of the federal budget by 18%.
A simple fact relevant to the discussion: Deficit has two factors, not just one... Deficit = Receipts - Outlays
Outlays is spending. Receipts is via taxes that the government collects. Let us assume that we fixed spending at 2004 levels (the budget at the time deliberately left spending on two wars out at the time, and let us even assume that same position, for now). The spending was... $2.3T. Adjusted for inflation adjusted, we're looking at 2.6T in 2009. Remember, this excludes spending on the two wars. Would it be fair to assume $3T in total spending, including war and interest on previous debt? (We paid nearly a half trillion on interest on existing debt in 2008 alone).
The Federal Tax receipts in 2009 was $2.1T. We're looking at a trillion dollar in deficit when the spending was frozen for five years. That should not happen, right? Why do we keep ignoring a fact that tax receipts in 2009 is about at the same level as it was in 2000? In fact, tax receipts in 2000 was $2.4T in 2009 dollars. Why did that happen? Does this reality add to budget deficits?
very nicely worded. does spending more money add to the deficit or does cutting spending reduce the deficit
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