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Nothing is being cut. There will not be any cuts. A cut means getting less next year than you received this year. There is only a slight reduction in the growth [increases] CBO projects that the debt will increase by $9 trillion in 10 years. Where are the cuts? Why is $2.4 Trillion needed for the next 19 months? Where are the cuts?
Washington speak- If all that was proposed was a 'freeze' [meaning no increases] on spending, the CBO would have projected a $9 trillion 'CUT' in spending. How sick is that?
Base line budgeting- Your Dept. got $100 billion last year. Your Dept got $112 billion this year. You are expecting the tradition 12% increase next year for $126 billion. BUT you only get $120 billion. In Washington speak, you were cut $6 billion. If you got only $118 billion, it's called a 'draconian' cut. [meanwhile, you budget has increased $6 billion]
THERE ARE NO CUTS.
Our economy was greatest when businesses had to face heavy regulation. After the regulations were removed, there was a temporary bubble followed by a major collapse. We need business regulations.
Our economy was greatest when businesses had to face heavy regulation. After the regulations were removed, there was a temporary bubble followed by a major collapse. We need business regulations.
false
we have more regulations stiffling business today than we have EVER had
Our economy was greatest when businesses had to face heavy regulation. After the regulations were removed, there was a temporary bubble followed by a major collapse. We need business regulations.
WHAT?!?!?!? No I think you and I are talking about two different things here. When businesses are made to pay for Obama health-care bill or when a company can not compete with it's Chinese counterpart because here they have to jump through hoops just to get a product to market that does not help businesses or job creation. It cause companies to move outta here.
We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
Good answer. lol
Last edited by Time2Travel; 08-04-2011 at 03:13 PM..
We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
Military spending is one of the few areas that the Government IS stimulating the economy and that's the one area you want to cut. Brilliant.
"Can't afford to worry about the deficit"? The deficit is the problem. The government is spending more now than ever before in history and whats happened to the economy? Oh yeah, thats right, Its collapsing! Obviously throwing money at the problem isn't working.
Stimulating the economy has amounted to nothing more than putting money back in the pockets of the people that caused the problem in the first place.
Its all about buying votes.
Our economy was greatest when businesses had to face heavy regulation. After the regulations were removed, there was a temporary bubble followed by a major collapse. We need business regulations.
Why dont you list some of these imaginary regulations that were removed. I'll wait
What makes you believe you can continue to spend $1.5 TRILLION or more each year that you don't have indefinitely?
Pray tell, who on this Earth is going to continue to fund your reckless child-like candy-store spending spree?
Your unfunded liabilities are $108 TRILLION through 2050. You don't have the money, where will you get it?
Your unfunded liabilities at the municipal/State level are $94 TRILLION through 2050. Where will you get that?
cant rep you again, but.
Quote:
Originally Posted by Majin
So am I to assume you believe we should cut 9 trillion? Or is that not even enough?
i believe we need to cut 9 trillion over ten years, and make those cuts permanent.
Quote:
Originally Posted by northstar22
We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
sure, lets just go ahead and open a new credit card account, and keep spending, and damn the ever increasing debt. how about we also keep feeding cocain, heroine, crack, crystal meth, and other heavy drugs to addicts in ever increasing amounts, perhaps they will kick their addictions that way.
what you are proposing will be the ruin of this country. raising taxes and spending, and regulations will only further drive jobs and wealth creators to other countries and kill off the economy. if we follow your plan, third world here we come!!
Quote:
Originally Posted by northstar22
Our economy was greatest when businesses had to face heavy regulation. After the regulations were removed, there was a temporary bubble followed by a major collapse. We need business regulations.
rubbish. every time you add a regulation to business, it costs the business money to comply, which means less money for making product or supplying services, and that means fewer jobs. i am glad that you are not running the country.
what we need to do is reform the tax code, cut way back on regulations, and get government off the backs of business.
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