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The People's Budget Plan - 5/29/2011 8:27:45 PM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
Status: offline 		Read and Rejoice, all Ye Progressives!

This is so superior to that shithead Ryan's "Kill Medicare! More Guns!" ersatz-budget that it's been unanimously adopted as a rider.

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RE: The People's Budget Plan - 5/29/2011 8:36:58 PM   
Arpig


Posts: 9930
Joined: 1/3/2006
From: Increasingly further from reality
Status: offline 		Looks good, but good luck getting it passed.

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RE: The People's Budget Plan - 5/29/2011 11:28:34 PM   
joether


Posts: 5195
Joined: 7/24/2005
Status: offline 		This plan is just absurd to the point of being laughable. $1.7 Trillion budget spending cuts? The Ryan plan asked for LESS and it was axed by the Senate. What drugs is the House on, to think something with MORE spending cuts will actually get passed? The second page of the document really explains the absurity of the next ten pages. The numbers are not based on anything serious, but rather a pure fantasy. For instance, taxing foreign income as if it was earned here (example: GE being taxed for profits in India, as if it was earned in Indiana), is just silly at best and retarded at worst. Something like that will NEVER fly.

Except for adding a public option to the ACA, the rest of this plan is simply based on a total fantasy. Here is something REALLY curious. On the link the OP gives us, there is a list of individuals and organizations that supposively are in support of 'The People's Budget'. Go check those and see which ones ACTUALLy talk about 'The People's Plan' by ITSELF (and not when compared to the Ryan Proposal). In fact, a bunch of them never mention 'The People's Budget', but just the hatred of Ryan's proposal. Rachel Maddow actually talks about 'The People's Plan', but doesnt give enough information on details.

It must be an election year, as no one is talking about both cutting spending AND raising taxes to get the budget balanced. So who did vote for Bush and all that debt we now have?

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RE: The People's Budget Plan - 5/30/2011 12:42:28 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline 		ROFL. The economy would grind to a halt withing 3 hours of this even being considered.

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RE: The People's Budget Plan - 5/30/2011 1:03:04 AM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		The CPC should be a separate political party and run its own candidates for the House and Senate and a candidate for president!


quote:

ORIGINAL: Hippiekinkster

Read and Rejoice, all Ye Progressives!

This is so superior to that shithead Ryan's "Kill Medicare! More Guns!" ersatz-budget that it's been unanimously adopted as a rider.


(in reply to Hippiekinkster)
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RE: The People's Budget Plan - 5/30/2011 1:04:45 AM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		Exactly the opposite is true. There would be decades of economic prosperity!


quote:

ORIGINAL: willbeurdaddy

ROFL. The economy would grind to a halt withing 3 hours of this even being considered.


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RE: The People's Budget Plan - 5/30/2011 1:08:30 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: Brain

Exactly the opposite is true. There would be decades of economic prosperity!


quote:

ORIGINAL: willbeurdaddy

ROFL. The economy would grind to a halt withing 3 hours of this even being considered.




Youve got the economic knowledge of a newt, You dont know what the fuck youre talking about.

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RE: The People's Budget Plan - 5/30/2011 1:09:45 AM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		Canada taxes income on residency which means world income. Spending cuts are achievable when eliminating corporate welfare.

Bush tax cuts to the wealthy will be eliminated and allowed to expire.

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RE: The People's Budget Plan - 5/30/2011 1:10:59 AM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		Again, the opposite is true. I have a masters degree in economics.

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Brain

Exactly the opposite is true. There would be decades of economic prosperity!


quote:

ORIGINAL: willbeurdaddy

ROFL. The economy would grind to a halt withing 3 hours of this even being considered.




Youve got the economic knowledge of a newt, You dont know what the fuck youre talking about.


(in reply to willbeurdaddy)
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RE: The People's Budget Plan - 5/30/2011 1:13:10 AM   
rulemylife


Posts: 14614
Joined: 8/23/2004
Status: offline
quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Brain

Exactly the opposite is true. There would be decades of economic prosperity!


quote:

ORIGINAL: willbeurdaddy

ROFL. The economy would grind to a halt withing 3 hours of this even being considered.




Youve got the economic knowledge of a newt, You dont know what the fuck youre talking about.


If you keep rolling on the floor laughing eventually you are going to hurt yourself.

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RE: The People's Budget Plan - 5/30/2011 8:21:59 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Brain

Exactly the opposite is true. There would be decades of economic prosperity!


quote:

ORIGINAL: willbeurdaddy

ROFL. The economy would grind to a halt withing 3 hours of this even being considered.




Youve got the economic knowledge of a newt, You dont know what the fuck youre talking about.


If you keep rolling on the floor laughing eventually you are going to hurt yourself.



Laughter is the best medicine, and a thread where Brain purports to understand a budget, much less the economic consequences of it, could cure the world of all diseases.

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RE: The People's Budget Plan - 5/30/2011 8:46:46 AM   
cuckoldmepls


Posts: 855
Joined: 11/29/2007
Status: offline 		Let's be honest. Americans are never going to vote to cut Social Security, Medicare or Medicaid. So what does that leave? Well it leaves at least half the federal government agencies that are unconstitutional. Let's take for example the Departments of Education, Transportation, and Energy. Read the 10th amendment.

We already have these departments at the State level. All we need is for each state department to designate an employee to coordinate with all other coordinators on plans that cross state lines, then each state department votes if they want to cooperate.

By the way, even the national park system is unconstitutional and each states parks can be turned over to the state.

The reason we shouldn't increase taxes on anyone is because democrats must be forced to control their spending. I admit I've thought twice about letting the Bush tax cuts expires myself, but if we allow the democrats to go after the rich every time the deficits get too high, it will never end.

As Boehner said. Congress doesn't have a revenue problem, they have a spending problem.

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RE: The People's Budget Plan - 5/30/2011 8:54:05 AM   
cuckoldmepls


Posts: 855
Joined: 11/29/2007
Status: offline 		I might remind you as well that back in the 90's Ross Perot tried to do something about this out of control government. At the time we were only $5 trillion in debt. If democrats had abandoned Bill Clinton as some republicans abandoned George Bush Sr., then this national debt would have been eliminated by now.

Instead, democrats took advantage of the split in the republican vote, and the rest is history.

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RE: The People's Budget Plan - 5/30/2011 9:06:21 AM   
RacerJim


Posts: 1583
Joined: 1/1/2004
Status: offline
quote:

ORIGINAL: cuckoldmepls

I might remind you as well that back in the 90's Ross Perot tried to do something about this out of control government. At the time we were only $5 trillion in debt. If democrats had abandoned Bill Clinton as some republicans abandoned George Bush Sr., then this national debt would have been eliminated by now.

Instead, democrats took advantage of the split in the republican vote, and the rest is history.


No need to remind me...I voted for him! He did indeed try...spoke in concise and plain ole everday English...showed us exactly what was happening using all sorts of easily understandable charts/charts...was ridicled, scoffed at and declared a "wasted vote" by the mainstream-media. Indeed, if the same number of Democrats had abandoned Bill Clinton for the USA as abandoned George Bush Sr for the USA, then we wouldn't have the INSANE AND UNSUSTAINABLE national debt we now have.

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RE: The People's Budget Plan - 5/30/2011 10:17:34 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: cuckoldmepls

Let's be honest. Americans are never going to vote to cut Social Security,


This one I promise you are wrong on. Its been cut before, and Reagan won 48 states the year after it was signed. Something close to Ryan's SS proposal will be passed before the 2012 election.

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Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

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RE: The People's Budget Plan - 5/30/2011 10:32:57 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		In 1983, Reagan signed legislation aimed at preserving Social Security's solvency by raising payroll taxes and taxing Social Security benefits of upper-income Americans.
The plan certainly preserved Social Security but also demonstrated that Reagan was willing to impose tax increases, even if he didn't propose them and rarely accepted them with enthusiasm.

Yeah, is that what you really meant to say? 

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RE: The People's Budget Plan - 5/30/2011 11:47:50 AM   
outhere69


Posts: 1302
Joined: 1/25/2011
Status: offline
quote:

ORIGINAL: cuckoldmepls

Let's be honest. Americans are never going to vote to cut Social Security, Medicare or Medicaid. So what does that leave? Well it leaves at least half the federal government agencies that are unconstitutional. Let's take for example the Departments of Education, Transportation, and Energy. Read the 10th amendment.


Let's see.  You'd abolish the NTSB, all highway construction standards,  and all the nuclear weapons programs.  Good move on your part.  Oh yeah, how did you feel on No Child Left Behind?

Reagan raised taxes 11 times.  You could fund SS to about 98% by eliminating the income limit on contributions (where the guy who earns about $108,000 (IIRC)) pays the same SS taxes as the guy earning millions per year.

If you want to eliminate the structural deficit by cutting programs, you'd have to de-fund Medicare and the entire DoD.  Cutting taxes didn't work for either Bush, and how could you expect to go to 2 wars with no revenue increases?  It doesn't matter how loudly Norquist and his buddies shout, you can't fix the deficit by spending alone.

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RE: The People's Budget Plan - 5/30/2011 12:05:52 PM   
NeedToUseYou


Posts: 2297
Joined: 12/24/2005
From: None of your business
Status: offline 		Social Security

1. Raise the taxable maximum on the employee side to 90% of earnings and eliminate the taxable maximum on the employer side


HRmmm, what's that mean. Does that mean they want to make everyone pay on 90% of there earnings even if you make a billion a year, even if Social Security is not even relevant to your retirement.

And what's the second part, does that mean the corp pays Social Security on every single dollar you make with no cap at all.

What's that mean for small business owners that have to pay both sides.

Anyway, I hope I'm read that wrong.


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RE: The People's Budget Plan - 5/30/2011 12:43:32 PM   
joether


Posts: 5195
Joined: 7/24/2005
Status: offline
quote:

ORIGINAL: NeedToUseYou
Social Security

1. Raise the taxable maximum on the employee side to 90% of earnings and eliminate the taxable maximum on the employer side


HRmmm, what's that mean. Does that mean they want to make everyone pay on 90% of there earnings even if you make a billion a year, even if Social Security is not even relevant to your retirement.

And what's the second part, does that mean the corp pays Social Security on every single dollar you make with no cap at all.

What's that mean for small business owners that have to pay both sides.

Anyway, I hope I'm read that wrong.


You could check on the information from these locations:

Max Taxable Earnings

An example of the self-employed using the latest numbers.

Social Security: Raising or Elinating the Taxable Earnings Base

quote:

Page 7 of Document
The taxable earnings base limits the amount of wages or self-employment income used to calculate contributions to Social Security. Unlike income taxes, workers who have earnings over the limit, whether they earn $110,000 or $1 million, pay the same dollar amount in Social Security payroll taxes. Under the 2010 limit of $106,800, the maximum amount a wage and salary worker contributes to Social Security is $6,622 (his or her employer contribute an equal amount) whereas a self-employed individual contributes a maximum of $13,243.
Source

Note: I am not a CFP, nor CPA. I study this material from time to time, but what follows above is simply my best guess to the information you seek. I took from goverment sites (mainly Social Security), as generally outside of that location, people tend to have....agendas.....to sell a point of view that benefits them in some form (monitary, political, etc). From the last source I quoted, your question (#1 above) would be a reduction from its current value, 94%, to 90%. This leads me to believe the employee side is reduced, while the employeer is raised. But I do believe they (Congress) takes into consideration that small business make up 85-92% of all businesses in America.


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RE: The People's Budget Plan - 5/30/2011 1:05:00 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: outhere69

quote:

ORIGINAL: cuckoldmepls

Let's be honest. Americans are never going to vote to cut Social Security, Medicare or Medicaid. So what does that leave? Well it leaves at least half the federal government agencies that are unconstitutional. Let's take for example the Departments of Education, Transportation, and Energy. Read the 10th amendment.


Let's see.  You'd abolish the NTSB, all highway construction standards,  and all the nuclear weapons programs.  Good move on your part.  Oh yeah, how did you feel on No Child Left Behind?

Reagan raised taxes 11 times.  You could fund SS to about 98% by eliminating the income limit on contributions (where the guy who earns about $108,000 (IIRC)) pays the same SS taxes as the guy earning millions per year.

If you want to eliminate the structural deficit by cutting programs, you'd have to de-fund Medicare and the entire DoD.  Cutting taxes didn't work for either Bush, and how could you expect to go to 2 wars with no revenue increases?  It doesn't matter how loudly Norquist and his buddies shout, you can't fix the deficit by spending alone.



Siggggh. Once again, the benefits are already tilted toward the lower paid, and the benefit formula is capped at the maximum wb each year. If you unlimited contributions it would just be another massive redistribution of wealth.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
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