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We need to balance the budget. Like it or not, 70% of Americans don't want to cut two of the top three government expenditures, social security and medicare.
Means taxes have to go up on someone.
This isn't a controversy, its math.
Romney/Ryan can't sell me that you're going to cut revenue by 5 trillon over 10 years, increase military spending by 2 trillion dollars over the same time period, and that killing the .0001% of GDP subsidy to PBS is going to balance the budget.
Until they get off this dumb ass "well we'll work it out later" stance, they'll never win my vote.
Of course I'm not voting for Obama either because he isn't going to change medicare in the way it needs to be done because in just a few years, medicare will take up the entire federal budget.
So if you vote D or R, you're damned if you do, and damned if you don't.
Write a name in of someone you respect, or vote third party/indpendent.
taxes dont have to go up on anyone. what we need to do is cut spending, and not even a whole lot either, and we have to grow the economy to get more tax revenue into government coffers. how can we do that? easy, we start by cutting the tax rates as romney has suggested, limiting or eliminating deductions and loopholes for the upper income earners, and cut out unnecessary and contradictory regulations that are strangling businesses, and let the private sector grow. that will increase the number of jobs, which increases the tax base, which increases tax revenues. do it right and the economy will boom like it did during the reagan and clinton years.
taxes dont have to go up on anyone. what we need to do is cut spending, and not even a whole lot either, and we have to grow the economy to get more tax revenue into government coffers. how can we do that? easy, we start by cutting the tax rates as romney has suggested, limiting or eliminating deductions and loopholes for the upper income earners, and cut out unnecessary and contradictory regulations that are strangling businesses, and let the private sector grow. that will increase the number of jobs, which increases the tax base, which increases tax revenues. do it right and the economy will boom like it did during the reagan and clinton years.
UGH, ONE MORE TIME.
Medicare, Social Security, and defense account for 90% of the budget. You can't balance the budget without changes to those three. If you don't change those three, taxes have to go up on someone.
Medicare, Social Security, and defense account for 90% of the budget. You can't balance the budget without changes to those three. If you don't change those three, taxes have to go up on someone.
Its math.
really? taxes have to go up? if we grow the economy, and increase the tax base, we get more revenue to the government, that is also simple math. for instance if we have 10 people paying taxes, and the government needs more money, they can either increase the taxes on those ten people, OR they can increase the tax base. if taxes are cut 10%, and we add 5 people to the tax base, we have MORE people paying taxes and thus MORE revenue.
remember that our economy is NOT static, it is dynamic. grow the economy and tax revenues increase. shrink the economy and tax revenues decrease.
really? taxes have to go up? if we grow the economy, and increase the tax base, we get more revenue to the government, that is also simple math. for instance if we have 10 people paying taxes, and the government needs more money, they can either increase the taxes on those ten people, OR they can increase the tax base. if taxes are cut 10%, and we add 5 people to the tax base, we have MORE people paying taxes and thus MORE revenue.
That bs voodoo economics has never worked. Reagan tried it in 80/81 failed miserably. He reverted and raised taxes to pay for defense.
Bush tried it, then put two wars on the credit card, and the largest expansion of medicare ever, failed miserably.
You could cut all of the remaining 10% of the federal budget, but most folks like the FDA, USDA, roads, and lots of other things. Cut discreanary spending if you'd like, there isn't enough.
Taxes need to go up on everyone if we continue entitlements like we have now, and don't cut defense.
That bs voodoo economics has never worked. Reagan tried it in 80/81 failed miserably. He reverted and raised taxes to pay for defense.
Bush tried it, then put two wars on the credit card, and the largest expansion of medicare ever, failed miserably.
You could cut all of the remaining 10% of the federal budget, but most folks like the FDA, USDA, roads, and lots of other things. Cut discreanary spending if you'd like, there isn't enough.
Taxes need to go up on everyone if we continue entitlements like we have now, and don't cut defense.
we have 23,000,000 unemployed and under employed people in the country now, what would happen to tax revenues if we got say 12,000,000 of those people working again? thats right tax revenues would go UP, EVEN IF we cut taxes for EVERYONE. as you said its a numbers game, and the reality is that the numbers are on MY side. the reason deficits went up during the reagan years was because the democrats did not cut the budget like they were supposed to as part of the deal that reagan and oneil hammered out. as for bush43, note that after taxes were CUT in 2003, revenues to the government went UP because people were being put back to work, AND the deficits went DOWN through fiscal 2006. they started back up in fiscal 2007 because the DEMOCRATS took back congress.
and as i said we dot have to make huge cuts in spending if we GROW the economy.
Medicare, Social Security, and defense account for 90% of the budget. You can't balance the budget without changes to those three. If you don't change those three, taxes have to go up on someone.
Its math.
You can also grow revenue without tax increases.
And yes, cut defense big time, along with several other areas. The budget cannot be balanced in the short run. It will take time, but here are some big reduction chunks;
1. Gradually increase SS retirement age to map with increased life expectancy and it will be self sustaining.
2. Cut defense at least 200 billion or more and require foreign countries to pay all costs of our foreign troops.
3. Cut DEA, DHS, ATF, FEMA and dozens of other agencies... billions of dollars saved.
4. Eliminate all farm aid, corporate welfare and individual welfare.... a few hundred billion saved.
5. End ALL wars including the war on drugs.... a few hundred billion saved.
That bs voodoo economics has never worked. Reagan tried it in 80/81 failed miserably. He reverted and raised taxes to pay for defense.
Bush tried it, then put two wars on the credit card, and the largest expansion of medicare ever, failed miserably.
Wars and medicare expansion have nothing to do with growing the economy and increasing tax revenue. Wars and medicare are SPENDING and growing government.
Medicare, Social Security, and defense account for 90% of the budget. Its math.
Yes, it's math, but your math is faulty. Those three are not 90% of federal spending.
Medicare is about 15%
Defense is about 24%
FICA is about 20%.
Much less than 90%.....closer to 60%.
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