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Defense budget is around 600 billion. It's gone you have your wish. Now what do you eliminate next or do you just raise taxes on the evil rich and evil corporations thinking that will fix everything? Keep up or keep moving along.
Defense budget is around 600 billion. It's gone you have your wish. Now what do you eliminate next or do you just raise taxes on the evil rich and evil corporations thinking that will fix everything? Keep up or keep moving along.
It's greater than that if you include special appropration bills.
Many, many, many large necessary public works projects. Get people working again. Reduce, reduce, reduce the overbloated military budgets. Get rid of all those private contractors such as Haliburton bankrupting the country on wars that were NEVER needed, and made billionaires of those that started the wars!
I am not a liberal--more of a moderate---but here goes----
Reducing the deficit can be accomplished via
1---revamping social security-----gradually raising retirement age---elimination of colas---
means testing for anybody earning over 45,000 a year----5-10% reduction on all benefits
adjustments in social security taxes
2---major changes to medicare-----medicare is a huge drain----yet I know it is a vital
fallback for a great majority of our seniors-----lets get creative minds to work on
streamlining
3---major reductions in foreign aid-----we have become a hand out provider to the rest of
the world---time for a pullback
4---strict line item veto----this has been threatened many times before, but never done---
finally time to eliminate pork barreling.
5---elimination of ridiculous tax loopholes and actually inviting some people who dont know
the irs exists, to send as annual check. Lets drop the pretense that this will hurt the
economy and reduce the incentive for the wealthy to invest---thats nonsense
Finally to your proposal that the dept of defense be eliminated----we know that is not going to happen----but indeed we can operate a slimmer and more efficient defense budget---eliminating
billions and billions that go as gifts to contractors and corporations. If we are going to ask for
streamlining of entitlements, the defense department can live on a sound budget also.
Defense budget is around 600 billion. It's gone you have your wish. Now what do you eliminate next or do you just raise taxes on the evil rich and evil corporations thinking that will fix everything? Keep up or keep moving along.
That is my wish? You are assigning people their views?
It seems other people are not needed in this conversation, you are making yourself happy talking to your straw-man.
Is that the only way you can have a conversation you might get the upper hand in?
High-speed rail baby! Lol.
I have no idea, as I'm only 26 and apathetic as all hell. But isn't it kind of unrealistic to assume this can happen with our current problems? The reality is that we do have a department of defense, as well as a lot of old poor sick people, poor people in general, sick people in general, a recession etc etc.
Correct me if I'm wrong, but we apparently had a surplus under Clinton? If so, is that repeatable with the same steps?
I am not a liberal--more of a moderate---but here goes----
Reducing the deficit can be accomplished via
1---revamping social security-----gradually raising retirement age---elimination of colas---
means testing for anybody earning over 45,000 a year----5-10% reduction on all benefits
adjustments in social security taxes
2---major changes to medicare-----medicare is a huge drain----yet I know it is a vital
fallback for a great majority of our seniors-----lets get creative minds to work on
streamlining
3---major reductions in foreign aid-----we have become a hand out provider to the rest of
the world---time for a pullback
4---strict line item veto----this has been threatened many times before, but never done---
finally time to eliminate pork barreling.
5---elimination of ridiculous tax loopholes and actually inviting some people who dont know
the irs exists, to send as annual check. Lets drop the pretense that this will hurt the
economy and reduce the incentive for the wealthy to invest---thats nonsense
Finally to your proposal that the dept of defense be eliminated----we know that is not going to happen----but indeed we can operate a slimmer and more efficient defense budget---eliminating
billions and billions that go as gifts to contractors and corporations. If we are going to ask for
streamlining of entitlements, the defense department can live on a sound budget also.
Raising capital gains taxes is a disinsentive to invest, though. If you have a project that requires 5% return on investment and it costs 4% to impliment, you would invest in the project. If you're taxing that 5% return at, for example, an average income tax rate of 21%, then I won't invest because my return falls below the cost because government took it away in taxes. That's how capital budgeting works bro.
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