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Old 02-12-2013, 05:14 PM
 
Location: San Diego, CA
10,582 posts, read 8,282,991 times
Reputation: 4158

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Every time we hear there's a tax increase coming, we see it pretty quickly in our paychecks. The withheld amounts do indeed get bigger, and the take-home pay invariably gets smaller. It just happened again, last month. Now we are making do with less.

But every time we hear about a spending "cut", govt spending goes right on increasing. Sometimes we find out (usually much later) that they increased spending by "only" 8% instead of the 10% they had planned. Excuse me, but that still sounds like and increase to me, not a cut. A cut, is when total spending goes DOWN. I don't recall that EVER happening. Do you?

Why is it that when they say they'll raise taxes (and sometimes when they don't say it), we wind up paying more tax money every time, but when they say they'll cut their spending, they keep spending more and more instead?
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Old 02-18-2013, 08:06 PM
 
Location: San Diego, CA
10,582 posts, read 8,282,991 times
Reputation: 4158
Yup, the sequestration is coming in another week or so. Meaning, spending will be cut across the board in many areas.

Except... SPENDING WON'T BE LOWER THAN LAST YEAR, IN ANY OF THEM.

They're going to INCREASE spending. Just by less than they wanted to. But it's still an INCREASE in spending.

Sigh.
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Old 02-18-2013, 08:30 PM
 
Location: Jewel Lake (Sagle) Idaho
27,554 posts, read 17,643,245 times
Reputation: 15630
Quote:
Originally Posted by Little-Acorn View Post
Yup, the sequestration is coming in another week or so. Meaning, spending will be cut across the board in many areas.

Except... SPENDING WON'T BE LOWER THAN LAST YEAR, IN ANY OF THEM.

They're going to INCREASE spending. Just by less than they wanted to. But it's still an INCREASE in spending.

Sigh.
Exactly. And according to Obama and company, even those "minimal reductions in the rate of increase" in spending are are just terrible and going to ruin the country. We need "sequestration" as a minimal first step, but need to step it up and actually cut back on spending. When someone continually borrows on credit cards, runs up a bigger balance every month, far outside of their income...credit companies take notice. When just INTEREST is one of you largest expenditures, your credit score is in the toilet and responsible lenders don't lend to you any longer. As a nation, we're getting there very quickly.
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