Do the Feds have a spending problem, or tax a revenue shortfall problem? (wages, parade)
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The federal debt was manageable until the concept that "tax cuts pay for themselves" arose in the 1980's. IMO, it's a fairy tale foisted upon the American people.
Another factor since 1980 was that there were at least four major efforts by the federal government that required increased (massive?) federal spending:
Winning the Cold War through defense spending
Fighting the Global War on Terror
Preventing the Great Recession from becoming the Great Depression 2.0
Avoiding economic meltdown from COVID-19
IMO, it's not that the deficit can't be reined in and the debt paid down, it's that it will be much more difficult than some claim. The pay-go effort of the 1990's worked because taxes were raised, spending was capped, GDP grew, full employment was basically attained, and there were no great crises during the decade.
We're now staring at two more issues in the next decade or so. One is the increasing numbers of retirees expecting the full Social Security and Medicare benefits that they were promised. The other issue is China's military rise in Asia, and its desire for its "place in the sun" on the global stage. Both can be ignored, but there will be pain associated with ignoring either.
A plan to cut federal spending across the board by 6% is an overly simplistic solution to the issue at hand and the problems upcoming.
"For every complex problem, there is an answer that is clear, simple, and wrong" - HL Mencken.
They definitely have a spending problem. I think it should be a requirement of anyone that is running for higher office that they can demonstrate that they have the ability to run a successful lemonade stand at the beach on a hot day.
If we ran our households the way the Feds run this country we would be living in a van down by the river. Where is the accountability with these bozos?
It's a lost cause at this point and only the laws of economics will fix what the scumbag politicians will not fix.
They definitely have a spending problem. I think it should be a requirement of anyone that is running for higher office that they can demonstrate that they have the ability to run a successful lemonade stand at the beach on a hot day.
If we ran our households the way the Feds run this country we would be living in a van down by the river. Where is the accountability with these bozos?
It's supposed to be at the ballot box, so quite frankly the bozos that keep putting these people in office are just as much to blame.
It's supposed to be at the ballot box, so quite frankly the bozos that keep putting these people in office are just as much to blame.
The "blame" has been the slow generational game of ideological subversion via academia - the woke mind virus - by the identity Marxists.
Progressives have been brain washed into believing they are doing 'good', but in truth, they are woke mind zombies voting to continually erode and weaken US society.
It's a lost cause at this point and only the laws of economics will fix what the scumbag politicians will not fix.
What will thwt look like? Will America survive? How many will die?
We need to avoid that, & I think I have some ideas on how to pull ut off...& its not just electing the right people because that takes too long, and man times those we vote for morph into something thatw looks nothing like what we voted for.
We need to vote smarter, but also need to re-set the rules to the game, & find a faster and more powerful feedback loop that has the power to peacefully force fast change in DC.
The worse thing we are doing is voting for the same corrupt clowns repeatedy.
Waste money so the government needs to steal more of yours.
I would ask what you were thinking......if you were at all.
I wasn't saying that we don't need cuts in spending, just that a balance is not achievable by cuts alone. Anyone that thinks otherwise needs to tell me what cuts will be made to the large programs.
Not a loophole. Just a line item in a duly passed law.
How do you think tax law happens? By magic? Accident? Divine intervention? Nope. Someone writes/submits a bill, it gets sponsors, it goes to committee, it gets debated there and if passed, goes to the floor of the House. It gets debated, amended, altered, rewritten, etc...and if it passes, then it goes to the Senate for more of the same. Etc etc until it makes to the President to sign off.
They all had a hand in the law as written. All Trump or any other citizen can do is follow the law as written or violate it. What you call a loophole is nothing more than following a provision within a written law. Don't hate on Trump and other rich people for being better at the game of thrones called "taxes."
Loopholes in a sense that they benefit a few far more favorably and make enforcement very difficult. What Trump and others do is a problem, especially real estate making oversight an impossible task. Hiring more IRS agents is a step in the right direction, they will pay for themselves but tax avoidance by the wealthy has always been an issue.
The "blame" has been the slow generational game of ideological subversion via academia - the woke mind virus - by the identity Marxists.
Progressives have been brain washed into believing they are doing 'good', but in truth, they are woke mind zombies voting to continually erode and weaken US society.
Every single thing the left wokeholes push results in breaking down our society.
I wasn't saying that we don't need cuts in spending, just that a balance is not achievable by cuts alone. Anyone that thinks otherwise needs to tell me what cuts will be made to the large programs.
Then, you have not cut enough. Is this how you operate your personal finances? Do you live above your means? Do you live lavish lifestyles, while racking up unsustainable amounts of debt? Or, do you live within your means? Why should the federal government be any different?
Start with the Department of Education and end the government's involvement with college loans, which is the reason tuition has skyrocketed.
obviously a spending problem, but nobody wants their perceived benefit cut
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