Musicmystery
Posts: 30259
Joined: 3/14/2005 Status: offline
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quote:
ORIGINAL: popeye1250 All he has to do is make more cuts, half the State Dept, end Energy, Education, EPA. End "foreign aid." What seems to be his problem? Hell he can cut the military too! You'd have to talk to him personally to get any answers. quote:
ORIGINAL: servantforuse Obama is the president, not a dictator. Taxing the rich will more won't solve the 14 trillion dollar dept problem we have in this country. Cuts will have to be made and nothing should be off the table including the big three. The problem isn't on the revenue side, it's on the spending side. Cutting yours or popeye's favorite targets won't balance it either. Cuts will have to be made, yes, and to the big three, yes. That STILL won't balance the budget, let alone start to address the debt. It's going to take raising taxes as well. On everyone, yes, including the wealthy. 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. Spending cuts alone are NOT going to do this! The House is 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. Eliminate the Bush tax cuts--for everyone. Add a VAT. Raise payroll taxes a half a percent (after eliminating the one year cut). 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.
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