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| Topic: Is this a Good Plan | |
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Edited by
Toodygirl5
on
Sat 03/02/19 01:59 PM
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Our New elected Governor took office in January.
He's aleady signed a few bills to bring in revenue to pay Past due State bills. He signed taxation on sports bidding, taxation on e-cigarettes, and legalizing recreational marijuana. This State has a huge deficit due to past borrowing and spending. |
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Your new governor is a tard.
Increased taxation creates additional undue burdens on lower income taxpayers. Without actually doing anything to reduce debt. The reason being, politicians see new tax revenue coming in, they're already looking for new ways to embezzle it. The only way to reduce debt, is to reduce spending. |
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Much better then doing nothing..
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Your new governor is a tard. Increased taxation creates additional undue burdens on lower income taxpayers. Without actually doing anything to reduce debt. The reason being, politicians see new tax revenue coming in, they're already looking for new ways to embezzle it. The only way to reduce debt, is to reduce spending. Your name calling is objectionable and uncalled for. In addition, you are almost completely wrong, in your "logic." When someone is IN DEBT, reducing spending does nothing at all to make the debt go away. Only paying down the debt does that. And blindly declaring that spending has to be reduced in order to take what income is present now, and channel that to pay down the debt, requires that one refuse to examine whether or not the existing spending is necessary to maintain the state or not. For individuals as well, if you are in debt, and decide to "cut spending" to pay it off, but your spending is on food for your children, cutting that would mean killing them. Instead, arranging for more income would be the only logical thing to do. On the government level, that means looking for things to tax, that will minimize negative impact on the poor, and I think in the case of taxing sports betting and e-cigarettes, which are NOT things that poor people will suffer by having less access to, fits the bill. Calling that "tard" thinking isn't even rational. It's just thoughtless and rude. |
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Your new governor is a tard. Increased taxation creates additional undue burdens on lower income taxpayers. Without actually doing anything to reduce debt. The reason being, politicians see new tax revenue coming in, they're already looking for new ways to embezzle it. The only way to reduce debt, is to reduce spending. Your name calling is objectionable and uncalled for. In addition, you are almost completely wrong, in your "logic." When someone is IN DEBT, reducing spending does nothing at all to make the debt go away. Only paying down the debt does that. And blindly declaring that spending has to be reduced in order to take what income is present now, and channel that to pay down the debt, requires that one refuse to examine whether or not the existing spending is necessary to maintain the state or not. For individuals as well, if you are in debt, and decide to "cut spending" to pay it off, but your spending is on food for your children, cutting that would mean killing them. Instead, arranging for more income would be the only logical thing to do. On the government level, that means looking for things to tax, that will minimize negative impact on the poor, and I think in the case of taxing sports betting and e-cigarettes, which are NOT things that poor people will suffer by having less access to, fits the bill. Calling that "tard" thinking isn't even rational. It's just thoughtless and rude. As usual, you are completely wrong. |
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The only way to reduce debt, is to reduce spending.  The only way to reduce debt is to pay whomever you owe money.
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Edited by
Toodygirl5
on
Sat 03/02/19 02:54 PM
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Calling that "tard" thinking isn't even rational. It's just thoughtless and rude. Actually, that's. just Your Opinion. We all have them ! |
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Edited by
Toodygirl5
on
Sat 03/02/19 02:57 PM
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I don't think raising taxes on the working class is the way to pay deficit, when the State keeps spending..
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Edited by
FeelYoung
on
Sat 03/02/19 07:41 PM
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I am amazed how many lottery tickets and game scratch offs people here buy when they get gas or groceries. Today a guy bought $20 of gas and $42 of lottery "hopes" at our local U-Stop. It didn't look like he even owned a decent pair of jeans. That's what our government in counties, states and federal does....overspend when they can't pay the debts they OWE already. The money for lottery is supposed to go to school districts, yet schools are constantly presenting bond issues to the public. And we have a "restaurant" tax on all meals and drinks -- I forget now what THAT is supposed to pay off. POLITICIANS -Stop taxing us and just pay the bills without skimming off for yourself.
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Your new governor is a tard. Increased taxation creates additional undue burdens on lower income taxpayers. Without actually doing anything to reduce debt. The reason being, politicians see new tax revenue coming in, they're already looking for new ways to embezzle it. The only way to reduce debt, is to reduce spending. Your name calling is objectionable and uncalled for. In addition, you are almost completely wrong, in your "logic." When someone is IN DEBT, reducing spending does nothing at all to make the debt go away. Only paying down the debt does that. And blindly declaring that spending has to be reduced in order to take what income is present now, and channel that to pay down the debt, requires that one refuse to examine whether or not the existing spending is necessary to maintain the state or not. For individuals as well, if you are in debt, and decide to "cut spending" to pay it off, but your spending is on food for your children, cutting that would mean killing them. Instead, arranging for more income would be the only logical thing to do. On the government level, that means looking for things to tax, that will minimize negative impact on the poor, and I think in the case of taxing sports betting and e-cigarettes, which are NOT things that poor people will suffer by having less access to, fits the bill. Calling that "tard" thinking isn't even rational. It's just thoughtless and rude. Logical to some but in the long term it takes forever to have even a small effect . There is always something else to spend on . In some cases showing a profit is detrimental . 
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I'm sure, that in whatever loony toons version
of reality, that socialists call home, it may be entirely possible to spend the way out of debt. |
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I'm sure, that in whatever loony toons version of reality, that socialists call home, it may be entirely possible to spend the way out of debt. Actually that's more of a capitalist thing. I mean Trump sure managed it. As did the banks. This is why I like Denmark's system. They have 1 tax, just 1. Sure it's pretty high, around 50% I think. But it's easy to figure out. In Britain we have loads of different taxes Another thing I like about their system, is you can see where every last penny or cent, of that tax got paid. Right down to every foot of road laid. How much they paid for the tarmac, everything That's very different to my country. When it comes to your finances, you/we have to account for every last penny, and lord help us, if we get it wrong. But as for the government making what our tax money is spent on transparent, so we can see. Not a snowballs chance in hell. And people in Denmark report a good quality of life and happiness. They build up a reasonable excess of taxes. Then every few years, the citizens can vote on what that gets spent on. Do you want more parks, more statues, museums, or are they fine and should we just cut the tax down for a bit I believe usually they vote to cut tax for a bit. It's all such a Looney tunes lefty idea to some. But I think it's good, and fair |
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Illinois has special problems. Double dipping in the states retirement fund for state employees does hurt Illinois. Then, the scuttlebutt about Illinois dissolving, and the state land being annexed into the border states was rather funny, and then again, it wasn't. Another low point in Illinois politics is this-
4 of Illinois' last 7 governors went to prison Rod Blagojevich — Governor from 2002 through 2009, when he became the first Illinois governor in history to be impeached. ... George Ryan — Governor from 1999 through 2003. ... Dan Walker — Governor from 1973-1977. ... Otto Kerner — Governor from 1961-1968. The Daily machine in Chicago didn't help matters. Jane Byrne, Harold Washington, Rahm Emanuel, aren't brite spots in their political history. Jeez, rotten politicians seem to be the theme in Illinois. Who else is a product of that states political history- obama,and clinton. (hillary was born there) Heck, they couldn't even payout their lotto jackpot winners for a time. Anything that could bailout the red that Illinois has, has to be considered. You have to consider this also- Illinois is bankrupt. They just haven't declared it-yet. (It would be the first state to do so, if it did) |
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AOC says free stuff for everybody!
And as Margret Thatcher said, "Socialism is great until you run out of other peoples money!!" |
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AOC says free stuff for everybody! And as Margret Thatcher said, "Socialism is great until you run out of other peoples money!!"  True !
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If you have a hole in a bucket do you plug the hole? Or just keep adding water? Come on people use some common sense.
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If you have a hole in a bucket do you plug the hole? Or just keep adding water? Come on people use some common sense. budgeting is a bit more complex. There are necessities, regardless of the 'hole' that will require continued spending. There are luxuries that can be cut back on, but only helps the 'hole' if they are then used to pay debts instead. If they are just transferred to other necessities or luxuries, it doesnt help that hole either. There is also debt and deficit, which I have gone into before. Debt is what is still OWED on your home, for instance, even though you are given time to pay it back. Deficit is how much MORE you are expected to be paying than you actually are bringing in. The DEBT grows more with more deficits, and gets smaller with surplus. We have growing debt, the way a growing family might have a larger mortgage when they require a larger house. But the concern should be if we are running on deficit (not paying bills on time) or surplus (paying bills on time) each month. |
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The only good plan that I know of is to stay out of Illinois.
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If you have a hole in a bucket do you plug the hole? Or just keep adding water? Come on people use some common sense. budgeting is a bit more complex. There are necessities, regardless of the 'hole' that will require continued spending. There are luxuries that can be cut back on, but only helps the 'hole' if they are then used to pay debts instead. If they are just transferred to other necessities or luxuries, it doesnt help that hole either. There is also debt and deficit, which I have gone into before. Debt is what is still OWED on your home, for instance, even though you are given time to pay it back. Deficit is how much MORE you are expected to be paying than you actually are bringing in. The DEBT grows more with more deficits, and gets smaller with surplus. We have growing debt, the way a growing family might have a larger mortgage when they require a larger house. But the concern should be if we are running on deficit (not paying bills on time) or surplus (paying bills on time) each month. Illinois is creating new "Sins" to create new "Sin taxes" (as are many other states). Legalizing marijuana, regulating ecigs, and allowing gambling create long term issues to deal with. Everything from regulation, addiction, and crime. Instead of being responsible and figuring out how to manage the money they do have they are adding money to be miss used by the government. Are they just going to come up with new "Sins" every time they run short on money? Often times these "Sin taxes" do hurt the poor much more than anyone else. Maybe a better way for states to deal with their money shortages is to close the sales tax loophole of buying off the internet. With the explosion of people buying things online, often people are not paying sales tax as they would if they bought locally, also many other costs that would become part of the local economy are lost. The only makeup the state receives is thru the shipping companies operating in that state. Maybe a delivery tax would be a way to makeup for some of this loss. Clearly taking out loans to pay for somethings makes sense, but often times the government borrows money to pay for money they have borrowed. Its like using one credit card to pay a payment on another. If the government can't manage the money its got, it should not be given an increased amount of money to manage. That is just asking for more misuse that will eventually lead to even more issues. |
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Clearly taking out loans to pay for somethings makes sense, but often times the government borrows money to pay for money they have borrowed. Its like using one credit card to pay a payment on another. If the government can't manage the money its got, it should not be given an increased amount of money to manage. That is just asking for more misuse that will eventually lead to even more issues. I Agree. 
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