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Old 04-12-2011, 04:59 AM
 
Location: somewhere
4,264 posts, read 8,127,586 times
Reputation: 3143

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Obama first to put tax increases on budget table - Yahoo! News (http://news.yahoo.com/s/ap/20110412/ap_on_re_us/us_spending_showdown_taxes - broken link)

Wondering how this will go over? Everyone wants the government to fix our deficit but noone wants to raise taxes, it will be interesting to see what Congress as a whole as to say about this. I cannot understand how ANYONE can scream for fiscal responsiblity but yet are unwilling to raise taxes.

Last edited by ajzjmsmom; 04-12-2011 at 05:37 AM..
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Old 04-12-2011, 05:01 AM
 
Location: Chicago
4,091 posts, read 3,421,008 times
Reputation: 688
Easy. Cut spending.
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Old 04-12-2011, 05:04 AM
 
Location: Chicago
38,690 posts, read 88,875,297 times
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Quote:
Originally Posted by ajzjmsmom View Post
Obama first to put tax increases on budget table - Yahoo! News (http://news.yahoo.com/s/ap/20110412/ap_on_re_us/us_spending_showdown_taxes - broken link)

Wondering how this will go over? Everyone wants the government to fix out deficit but noone wants to raise taxes, it will be interesting to see what Congress as a whole as to say about this. I cannot understand how ANYONE can scream for fiscal responsiblity but yet are unwilling to raise taxes.
It doesn't really take that much imagination. What was first billed as "temporary" economic stimulus, the administration is now trying to convert into a permanent spending pattern. You can "scream for fiscal responsibility" by demanding the spending spree stop instead of taking more and more and more of people's resources to pay for... well, what has all this extra government spending brought us, exactly?
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Old 04-12-2011, 05:07 AM
 
Location: Earth
24,639 posts, read 24,720,337 times
Reputation: 11316
Quote:
Originally Posted by Drover View Post
It doesn't really take that much imagination. What was first billed as "temporary" economic stimulus, the administration is now trying to convert into a permanent spending pattern. You can "scream for fiscal responsibility" by demanding the spending spree stop instead of taking more and more and more of people's resources to pay for... well, what has all this extra government spending brought us, exactly?
I disagree with this.
I am interested in why he extended tax cuts to the filthy rich, though.
That makes absolutely no sense. He should rescind that immediately.
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Old 04-12-2011, 05:10 AM
 
Location: Texas
14,078 posts, read 17,573,399 times
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Anyone who thinks spending cuts alone will eliminate the public debt is delusional.
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Old 04-12-2011, 05:14 AM
 
Location: Chicago
38,690 posts, read 88,875,297 times
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Originally Posted by stillkit View Post
Anyone who thinks spending cuts alone will eliminate the public debt is delusional.
Anyone who thinks tax hikes will eliminate the public debt is delusional. When is the last time tax increases actually went to debt reduction instead of ever more spending?
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Old 04-12-2011, 05:17 AM
 
10,587 posts, read 12,050,552 times
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I believe there was a time when spending cuts were enough. We are way past that.

I am for increasing taxes BUT I think those increases MUST go to debt reduction versus programs. I am probably naive to think that there could be a stipulation for that in the upcoming budget....
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Old 04-12-2011, 05:23 AM
 
Location: Chicago
38,690 posts, read 88,875,297 times
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Quote:
Originally Posted by ChristineVA View Post
I believe there was a time when spending cuts were enough. We are way past that.

I am for increasing taxes BUT I think those increases MUST go to debt reduction versus programs. I am probably naive to think that there could be a stipulation for that in the upcoming budget....
Even if there were... you can stipulate it all you want, but getting the government to abide by such a stipulation is another matter.
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Old 04-12-2011, 05:30 AM
 
10,783 posts, read 11,792,069 times
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Quote:
Originally Posted by Drover View Post
Anyone who thinks tax hikes will eliminate the public debt is delusional. When is the last time tax increases actually went to debt reduction instead of ever more spending?
Clinton. His tax plan was wildly successful and led the country to the best economy in history. Returning the tax plan back to the very successful Clinton plan like it was suppose to would cut back the deficit by epic proportions.
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Old 04-12-2011, 05:36 AM
 
Location: Texas
14,078 posts, read 17,573,399 times
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Quote:
Originally Posted by TempesT68 View Post
Clinton. His tax plan was wildly successful and led the country to the best economy in history. Returning the tax plan back to the very successful Clinton plan like it was suppose to would cut back the deficit by epic proportions.
Oh, please. Clinton's so-called surplus was nothing more than an accounting trick.
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