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Old 10-27-2013, 09:01 AM
 
624 posts, read 939,440 times
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If we could pay higher taxes for the specific purpose of lowering our national debt, would you agree to such a plan?

We all say the debt is unsustainable and scares us for our kids and grandkids.

I know...we can't trust the government not to misuse the money, dipping in like they have with Social Security funds. But forget that for this question. This is hypothetical. Imagine the money really would go to the debt.

So would you do it? Take a tax hit for the debt?
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Old 10-27-2013, 09:09 AM
 
6,073 posts, read 4,749,948 times
Reputation: 2635
yup. as long as taxes and spending were cut after the debt was eliminated. the federal government would also have to be cut in size by 95%.
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Old 10-27-2013, 09:11 AM
 
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,141,865 times
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Yes... under certain conditions.. First that No more debt be incurred by the right or the left. Period. And that every single person contribute. If that means that 1% of my income is deemed the appropriate amount then I get a bill and I pay it. But so does my neighbor. Regardless of income levels everyone pays. No subsidies.. No tax credits... No excuses. If the American people are being blamed for the debt and thus expected to pay, then we pay... we ALL pay....

You can invoice me for it too... not put it into the muddled mess that the IRS is.
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Old 10-27-2013, 09:21 AM
 
Location: Florida
76,975 posts, read 47,615,131 times
Reputation: 14806
Quote:
Originally Posted by Slithytoves View Post
If we could pay higher taxes for the specific purpose of lowering our national debt, would you agree to such a plan?

We all say the debt is unsustainable and scares us for our kids and grandkids.

I know...we can't trust the government not to misuse the money, dipping in like they have with Social Security funds. But forget that for this question. This is hypothetical. Imagine the money really would go to the debt.

So would you do it? Take a tax hit for the debt?
The goal should not be to lower the debt, but to expand the economy, which makes the debt more manageable. This is something most people here do not understand.
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Old 10-27-2013, 09:29 AM
 
12,270 posts, read 11,327,541 times
Reputation: 8066
Quote:
Originally Posted by Slithytoves View Post

So would you do it? Take a tax hit for the debt?
No. You give politicians more money and they will figure out other ways to spend it, and none having anything to do with the national debt.

Anyway, people don't even know what they really want. If people were really sincere about the national debt they would have to be willing to accept tax hikes, which the Republicans refuse to do, and accept entitlement cuts, which the Democrats refuse to do.

The only thing that will help is a robust economy, which America turned down when they voted against Romney. Instead they voted to save Obamacare, which just puts us deeper in debt. We have a very stupid country.
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Old 10-27-2013, 09:30 AM
 
33,387 posts, read 34,832,973 times
Reputation: 20030
Quote:
Originally Posted by Slithytoves View Post
If we could pay higher taxes for the specific purpose of lowering our national debt, would you agree to such a plan?

We all say the debt is unsustainable and scares us for our kids and grandkids.

I know...we can't trust the government not to misuse the money, dipping in like they have with Social Security funds. But forget that for this question. This is hypothetical. Imagine the money really would go to the debt.

So would you do it? Take a tax hit for the debt?
it would be a viable option, only AFTER the government did everything in its power to cut spending first, and real spending cuts, not a cut in the rate of growth. if that doesnt bring us to a real budget surplus, then we can talk taxes.
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Old 10-27-2013, 10:47 AM
 
9,470 posts, read 6,968,141 times
Reputation: 2177
Quote:
Originally Posted by Slithytoves View Post
If we could pay higher taxes for the specific purpose of lowering our national debt, would you agree to such a plan?

We all say the debt is unsustainable and scares us for our kids and grandkids.

I know...we can't trust the government not to misuse the money, dipping in like they have with Social Security funds. But forget that for this question. This is hypothetical. Imagine the money really would go to the debt.

So would you do it? Take a tax hit for the debt?
No.

It's time the politicians and those they give stuff to lived within the means that exists.
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Old 10-27-2013, 10:48 AM
 
9,470 posts, read 6,968,141 times
Reputation: 2177
Quote:
Originally Posted by rbohm View Post
it would be a viable option, only AFTER the government did everything in its power to cut spending first, and real spending cuts, not a cut in the rate of growth. if that doesnt bring us to a real budget surplus, then we can talk taxes.
Ummm... If the government did everything in its power to cut spending... we'd have a 500 billion annual federal budget.
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Old 10-27-2013, 10:48 AM
 
27,307 posts, read 16,218,061 times
Reputation: 12102
Quote:
Originally Posted by Slithytoves View Post
If we could pay higher taxes for the specific purpose of lowering our national debt, would you agree to such a plan?

We all say the debt is unsustainable and scares us for our kids and grandkids.

I know...we can't trust the government not to misuse the money, dipping in like they have with Social Security funds. But forget that for this question. This is hypothetical. Imagine the money really would go to the debt.

So would you do it? Take a tax hit for the debt?
No I would replace all these idiots currently in office with the goal of reducing the federal budget and most tax revenues going to debt.
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Old 10-27-2013, 10:56 AM
 
41,110 posts, read 25,727,707 times
Reputation: 13868
Quote:
Originally Posted by Slithytoves View Post
If we could pay higher taxes for the specific purpose of lowering our national debt, would you agree to such a plan?

We all say the debt is unsustainable and scares us for our kids and grandkids.

I know...we can't trust the government not to misuse the money, dipping in like they have with Social Security funds. But forget that for this question. This is hypothetical. Imagine the money really would go to the debt.

So would you do it? Take a tax hit for the debt?
Think of it this way. When I had too much debt I didn't automatically run out and get a second job. I made a plan

I drew up a plan
I cut expenses.
The money saved from cutting expenses went toward increasing payments on my debt.
I didn't make any more debt.

It's common sense. You have to look at both sides. We already had a tax increase. I have yet to see Obama put our money where it matters and he keeps putting more burden on the doers while others are off the hook.

Last edited by petch751; 10-27-2013 at 11:07 AM..
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