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lol, keep thinking that, see what it does for ya... the sad fact is, it should have never been in the trillions in the first place... what business would survive with that kind of dept? barry is not helping by adding trillions upon trillions of dollars to it.. President Obama wisely spent the money to bail out the automobile industry and continuing the efforts to bail out the banks. There are no other $trillions spent by President Obama, and in fact, the Federal budget deficit is shrinking. Literally getting smaller as I type this. 
Not spending isn't shrinking the Deficit,it's simply Smoke and Mirrors! 
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smaller Dollar by Dollar?
Not spending isn't shrinking the Deficit,it's simply Smoke and Mirrors!
It's not like the federal government doesn't pay its debt payments. If our deficit was zero, then the national debt would shrink over time, as well. What we need to do is raise taxes and close the deficit, and eventually build a cash reserve for emergencies that come up. |
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smaller Dollar by Dollar?
Not spending isn't shrinking the Deficit,it's simply Smoke and Mirrors!
It's not like the federal government doesn't pay its debt payments. If our deficit was zero, then the national debt would shrink over time, as well. What we need to do is raise taxes and close the deficit, and eventually build a cash reserve for emergencies that come up. But the Obama Care is going to be a large tax increase. Isn't it funny how the dems imposed a a large tax and called it "Affordable Care Act". It sounds so wonderful, caring, and affordable too. The low informed love it. 
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smaller Dollar by Dollar?
Not spending isn't shrinking the Deficit,it's simply Smoke and Mirrors!
It's not like the federal government doesn't pay its debt payments. If our deficit was zero, then the national debt would shrink over time, as well. What we need to do is raise taxes and close the deficit, and eventually build a cash reserve for emergencies that come up.
You need to tell that to that Spendthrift in the WH,who is holding an Unlimited Creditcard,and is using like Money was water! But don't tell him about raising Taxes,since he did that already with Owawacare,and it's headed for a Disaster! How much more Taxes do you want to burden the Nation with,until you see the light? 
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Please, just don't tell Obozo what comes after TRILLION! |
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yep,If my Auntie.......................!
You need to tell that to that Spendthrift in the WH,who is holding an Unlimited Creditcard,and is using like Money was water! But don't tell him about raising Taxes,since he did that already with Owawacare,and it's headed for a Disaster! How much more Taxes do you want to burden the Nation with,until you see the light?
I guess you missed that lesson in social science class in high school. The president doesn't spend the money. Congress makes the budget. Not the president. The president can propose a budget, but it's Congress, specifically the House that has to first write and vote on the budget, and then it's passed by the Senate and finally signed by the President. So far, President Obama has only threatened to veto a budget that cuts out the ACA funding, but nothing like that has gotten out of committee in the Senate. To answer your question of how much more taxes, I propose something like what we had before Bush got into the White House, or at least tax capital gains as regular income. |
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Edited by
Drivinmenutz
on
Mon 09/30/13 09:45 AM
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It's not like the federal government doesn't pay its debt payments. If our deficit was zero, then the national debt would shrink over time, as well. What we need to do is raise taxes and close the deficit, and eventually build a cash reserve for emergencies that come up. I agree that our deficit needs to be worked on. I have an issue with the ramifications, economically, involved with raising taxes during a recession... Building a cash reserve may not be a bad idea, if and only if, we somehow fix our spending problem, or else those reserves will never exist regardless of taxes. In fact, what is likely to happen is a dependency on the new income to maintain spending hikes. Then we are at ground zero once again. Historically this has happened multiple times. To answer your question of how much more taxes, I propose something like what we had before Bush got into the White House, or at least tax capital gains as regular income. I commend you for understanding that the famous "loop hole" everyone keeps talking about (where the upper 1% only pay 15% in taxes) is actually talking about capital gains. From an economics standpoint raising capital gains would #1 discourage investors from investing in stock, and #2 decrease the value of retirement plans. Another thing to think about is the fact that many people, particularly middle class, get ahead through real estate. Either they have land handed down to them, or they buy a house or apartment building instead of renting, to build equity. This would also fall under capital gains. The issue I see, is not in attacking a demographic or class of people, but in massive corporations, internationally, dodging taxes. We need to look into companies like google, Pfizer, and other companies, paying zero tax, because they can arrange all income to appear to be made in other countries (with no tax), and all expenses to occur in the U.S. If we could close this loop hole, while simultaneously lowering our high corporate tax rates, perhaps we could attract more business in the U.S. thereby, increasing government revenue as jobs start pouring in (and by the loophole being closed). It would be a win-win, instead of a win-lose (unless you happen to be the upper echelon of one of these companies). Just a thought... |
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yep,If my Auntie.......................!
You need to tell that to that Spendthrift in the WH,who is holding an Unlimited Creditcard,and is using like Money was water! But don't tell him about raising Taxes,since he did that already with Owawacare,and it's headed for a Disaster! How much more Taxes do you want to burden the Nation with,until you see the light?
I guess you missed that lesson in social science class in high school. The president doesn't spend the money. Congress makes the budget. Not the president. The president can propose a budget, but it's Congress, specifically the House that has to first write and vote on the budget, and then it's passed by the Senate and finally signed by the President. So far, President Obama has only threatened to veto a budget that cuts out the ACA funding, but nothing like that has gotten out of committee in the Senate. To answer your question of how much more taxes, I propose something like what we had before Bush got into the White House, or at least tax capital gains as regular income.
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