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Revenue flows from the taxpayer to the government via taxes and fees. This revenue is fungible and used by the government to fund it's operations. Unfortunately much of that money is doled out in the form of tax breaks, subsidies, bailouts, and stimuli. The recipients (business, unions, etc.) repay their benefactors (our elected representatives) with campaign contributions. It's a sweet deal — except for the taxpayer who is funding the entire shell game. The Washington elite are arrogant, self-serving and insulated. They are pigs feeding at the trough of taxpayer dollars. The more we feed them the bigger government grows, and the more they waste our money to insure the only thing that matters to them - reelection.
Until the market takes a huge dump I won't be worried, if that happens tomorrow or Friday then its time to be scared. Quite a few people already know that we won't default.
I'm scared too. A bunch of ideological right-wingers are holding the US economy hostage. That's scary.
Not only ideological, but lunatics. Usually when offer hostage takers what they want the accept. Obama offered them what they wanted, and they said no. Lunatics.
Not only ideological, but lunatics. Usually when offer hostage takers what they want the accept. Obama offered them what they wanted, and they said no. Lunatics.
It's all politics. The tea party doesn't care about deficits or debt, they care about defeating Obama. I would put money down that these jokes would be lining up to vote for this if it was a Republican president. Sick people.
Not only ideological, but lunatics. Usually when offer hostage takers what they want the accept. Obama offered them what they wanted, and they said no. Lunatics.
So a balanced budget is lunacy?
Eliminating government waste is lunacy?
Suggesting that Americans actually be reasonable is lunacy?
Not only ideological, but lunatics. Usually when offer hostage takers what they want the accept. Obama offered them what they wanted, and they said no. Lunatics.
Obama never offered anything that ANYONE wanted. His own proposal was rejected 97-0 in the Democrat controlled senate.
All we would have to do is freeze government spending ant last year's level and then cut 1% for 6 years to reach a balanced budget. How hard is it to do that? Apparently in Washington it is impossible.
Part of the problem is the way congress does budgeting. In 1974 the (Democrat-controlled) congress created the Congressional Budget Office, which is often touted as non-partison. However, the rules they operate under were crafted by the Democrats and one of those rules is Baseline Budgeting. Baseline Budgeting makes the assumption that each year government spending increases and any increase lower than the forcast increase is considered a cut. So if Republicans only increase something by 2% instead of the expected 5% the Democrats run to the nearest camera and scream about draconian cuts. That's why we never get the budget under control.
Briefly, in the Clinton years, the Republican-controlled congress gave Clinton a lineitem veto which he used to cut lots of pork out of the budget bills he was sent. Unfortunately his onw party challenged the constitutionality of the law and it was removed. A lineitem veto would go a long way to cutting out hte waste in government and would make it harder for members of congress to use pork to buy votes.
I understand Capitol Hill is getting swamped with angry calls.
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