$82 Billion: How Do Liberals Expect To Raise the Remaining $1,000,000,000,000 Deficit? (employment, Reagan)
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The whole fiscal cliff thoing is a invention of washington politics. It is sold as a soltuio if avoided to out deficit problems. But eve it is only a down payemnt. ny avoidance with be even less.The real figures are contained i Simpson/Bowles commissio as to what we are facing. its the only proposal that puts us on a sustainable deficit future. Everythig else proposed by both sides is a smoke screen of kicking the can down the road and continuing on the unsustanable path we are on to the greek solution i nthe future.We hae already been told the estimate of automatic benefit cuts comig i the future if progrma satys the same.IT is off limits accord to some ;so it is likely to happen.
Higher taxes on the wealthy are estimated to bring in an additional $82 Billion annually. Since liberals are hell-bent on seeing this tax increase come to fruition, how do they intend to raise the other $1,000,000,000,000 in deficit for Fiscal Year 2013 and beyond?
Even more important, do liberals understand why the argument for higher income taxes on those making $250K and above is wholly and completely irrelevant compared to the outstanding trillion dollar deficit?
$82B is enough money to pay the interest on the national debt for 8 days.
Does this even register? Or are you just happy that Barack Obama won the election and everything else is irrelevant?
It doesn't matter, they won and the ignorant now rule.
If I were a republican leader I would say give Obama and his rabble EVERYTHING they ask for and I mean everything. They want a 99% tax on the rich? Give it to em.
Please, let them OWN the results because nobody will wake up until it collapses like Greece.
Now, what exactly do you propose we do to eliminate the deficit since Obama's main campaign pledge doesn't do anything to reduce the deficit or the debt?
Remember, money is fungible. An $82B increase in revenues is not guaranteed to go towards deficit reduction. As I mentioned, that amount would only pay the interest on the debt for 8 days while making zero impact on actual deficits. And that's assuming that it's actually used to pay for interest on the debt. It could be spent on yet another government program.
Were you dooped again? Were you not paying attention? Or do you simply not care?
What can i do about it? about the same as you can do about it, absolutely nothing. Difference is i wont be all stressed out about it and having a daily hissy fit on the forum for the next 4 years calling for others to some how fix it, Unless you want to get into government where you could bring meaningful legislation to the floor, your basic contribution is one vote every 4 years.
What can i do about it? about the same as you can do about it, absolutely nothing. Difference is i wont be all stressed out about it and having a daily hissy fit on the forum for the next 4 years calling for others to some how fix it, Unless you want to get into government where you could bring meaningful legislation to the floor, your basic contribution is one vote every 4 years.
I'll go out on a limb and make the assumption that your "one vote every 4 years" was cast for Barack Obama, which effectively means that you support the President's policies, which has been demonstrated to not only do nothing to reign in the deficit, but is guaranteed to increase it.
Is there any chance you might explain why you support these policies in light of the very serious financial situation we are in?
Higher taxes on the wealthy are estimated to bring in an additional $82 Billion annually. Since liberals are hell-bent on seeing this tax increase come to fruition, how do they intend to raise the other $1,000,000,000,000 in deficit for Fiscal Year 2013 and beyond?
Even more important, do liberals understand why the argument for higher income taxes on those making $250K and above is wholly and completely irrelevant compared to the outstanding trillion dollar deficit?
$82B is enough money to pay the interest on the national debt for 8 days.
Does this even register? Or are you just happy that Barack Obama won the election and everything else is irrelevant?
Hopefully, by ending the cash orgy in Iraq & Afghanistan, and cutting back the Pentagon's budget.
Hopefully, by ending the cash orgy in Iraq & Afghanistan, and cutting back the Pentagon's budget.
I appreciate you taking a stab at it, albeit it limited in scope. I'm not an expert on budget line items, but I don't believe the wars will equalize the deficit issue. Where else are you willing to compromise on the deficit/debt?
I appreciate you taking a stab at it, albeit it limited in scope. I'm not an expert on budget line items, but I don't believe the wars will equalize the deficit issue. Where else are you willing to compromise on the deficit/debt?
Farm subsidies and European military bases, but I'd also support cutting corporate taxes to 15~20% in exchange for a multi-million tax bracket w/ a +50% tax rate.
Higher taxes on the wealthy are estimated to bring in an additional $82 Billion annually. Since liberals are hell-bent on seeing this tax increase come to fruition, how do they intend to raise the other $1,000,000,000,000 in deficit for Fiscal Year 2013 and beyond?
Even more important, do liberals understand why the argument for higher income taxes on those making $250K and above is wholly and completely irrelevant compared to the outstanding trillion dollar deficit?
$82B is enough money to pay the interest on the national debt for 8 days.
Does this even register? Or are you just happy that Barack Obama won the election and everything else is irrelevant?
It's not going to do much help at all but, if the repubs keep fighting, then Obama doesn't have to make tough decisions that are unpopular and he can just keep blaming the repubs for blocking the tax increase to the rich....as if that was the whole solution to fixing the whole problem.
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