Musicmystery
Posts: 30259
Joined: 3/14/2005 Status: offline
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quote:
The greatest INCREASE in tax revenues came from Clintons capital gains tax CUTS. Cuts that are still in force today--irrelevant. Dance all you want. Debt reduction, in fact, just balancing the budget, is going to take revenue increases. You could eliminate ALL discretionary spending and eliminate medicare completely---and you STILL wouldn't have a balanced budget. You could eliminate all discretionary spending and completely cut social security--and you STILL wouldn't have a balanced budget. You could slash defense, social security, medicare, medicaid, and discretionary spending by a third--and you STILL wouldn't have a balanced budget. You could eliminate all discretionary spending and slash defense spending 80%--and you STILL wouldn't have a balanced budget. Jesus Christ, do you frickin' get this? Spending cuts alone are NOT going to do this! You're in Disneyland. Spending cuts alone, even as severely overstated as above, as NOT going to balance the budget. Plans to rely on cuts alone, even severe ones, are going to STILL leave us with climbing debt, year after year after year. Argue about what KIND of revenue increases, which taxes, on what, on whom, fine. I'd argue everyone--see that HUGE drop in the Bush years? Come on--you're saying now that the entire Bush presidency was a recession? Eliminate the Bush tax cuts--for everyone. Leave the capital gains tax--that's the only place I agree with you. Add a VAT. Raise payroll taxes a half a percent. Because without revenue increases---and not the fantasy "Oh we'll just grow our way out of a $1.27 trillion deficit" (let alone reducing the debt)--debt will continue to grow, year after year, and interest rates and inflation in its wake. Wake the fuck up.
< Message edited by Musicmystery -- 7/23/2011 8:19:34 AM >
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