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View Full Version : Economics Cuts need to be much bigger must faster


HonestChieffan
08-28-2011, 11:09 AM
http://1.bp.blogspot.com/-QzX4IYfFnLM/Tlofy0UdrbI/AAAAAAABIwc/ImOI2yRHyxQ/s400/NewPicture544.jpg

BucEyedPea
08-28-2011, 11:20 AM
Yep...big military cuts and base cuts. Drawn down of three wars. Let's start there.

Bewbies
08-28-2011, 02:52 PM
The truth is that everything the gov't spends money on needs to be cut. Everything. They must face the reality that they are overspending everywhere on everything.

Of course, there's no political points to be won there, so the correct position has no champions.

HonestChieffan
08-28-2011, 05:03 PM
The truth is that everything the gov't spends money on needs to be cut. Everything. They must face the reality that they are overspending everywhere on everything.

Of course, there's no political points to be won there, so the correct position has no champions.


zactly right.

whoman69
08-28-2011, 07:44 PM
Perhaps getting rid of the $850 billion tax cut for the richest Americans would be a good starting point.

chris
08-28-2011, 08:18 PM
Perhaps getting rid of the $850 billion tax cut for the richest Americans would be a good starting point.

Snore.

Even if you TOOK their entire wealth, it won't help.

Every one needs to pay more taxes; even you.

We need to cut spending.

teedubya
08-28-2011, 09:06 PM
The truth is that everything the gov't spends money on needs to be cut. Everything. They must face the reality that they are overspending everywhere on everything.

Of course, there's no political points to be won there, so the correct position has no champions.

Ding!

alnorth
08-28-2011, 09:53 PM
First of all, the expenses in the OP are artificially inflated by operations in Iraq and Afghanistan. We are leaving soon, so there's a big whopping cut right there.

Among what is left, you have defense, Social Security, Medicaid, and Medicare. Everything else is cut about as far as it can go, and doesn't represent much of the budget anyway. As far as cuts go, its the big 4. Everything else is fiddling around in the margins.

We'll have some tweaks to social security and minor cutbacks in medicare which will eventually become very significant, but that is it on entitlement spending. Deeper cuts such as what is envisioned in Ryan's ravaging of Medicare is politically impossible. If you want more cuts, you need to really slash defense more than what is being talked about right now (which I'm fine with, by the way).

We mostly have a revenue problem, because after the cuts which are politically possible are made, we'll still need more money. The people will revolt if you try to balance the budget on entitlements, so that is not even an option that is on the table. Taxes have to go up, and we are not on the right side of the Laffer curve, so revenue will certainly rise with higher taxes.

KILLER_CLOWN
08-28-2011, 11:29 PM
Eliminate Derivatives 1st and foremost. 1.5 quadrillion is unpayable even with a tax rate of 100%.

whoman69
08-29-2011, 12:14 PM
Snore.

Even if you TOOK their entire wealth, it won't help.

Every one needs to pay more taxes; even you.

We need to cut spending.

Everything about the budget/taxation/spending is messed up. It doesn't help to say you don't have enough money and to give the richest Americans $850 billion back. I don't agree that spending is cut down as far as it can. We have so much red tape and waste involved that could save billions as well. Everything helps.

Cutting payments for things that are already paid for is ridiculous. Social security is in danger because for 30 years or more Congress has been borrowing from it to pay the debt.

Bewbies
08-29-2011, 12:38 PM
First of all, the expenses in the OP are artificially inflated by operations in Iraq and Afghanistan. We are leaving soon, so there's a big whopping cut right there.

Among what is left, you have defense, Social Security, Medicaid, and Medicare. Everything else is cut about as far as it can go, and doesn't represent much of the budget anyway. As far as cuts go, its the big 4. Everything else is fiddling around in the margins.

We'll have some tweaks to social security and minor cutbacks in medicare which will eventually become very significant, but that is it on entitlement spending. Deeper cuts such as what is envisioned in Ryan's ravaging of Medicare is politically impossible. If you want more cuts, you need to really slash defense more than what is being talked about right now (which I'm fine with, by the way).

We mostly have a revenue problem, because after the cuts which are politically possible are made, we'll still need more money. The people will revolt if you try to balance the budget on entitlements, so that is not even an option that is on the table. Taxes have to go up, and we are not on the right side of the Laffer curve, so revenue will certainly rise with higher taxes.

You can cut tons of federal employees by removing overlapping shit that's everywhere. The American people don't need to fund as much piss covered crucifix's called art. Unions don't need to be bailed out by Uncle Sam. We don't need studies in how many drinks a college freshman needs before she'll say yes to some frat boy that wants to pump her. We don't need to send billions to countries in the name of aid that goes straight into the dictators bank account. We don't need to send money to countries that are our sworn enemies. We don't need high speed rail projects blowing billions of dollars on something nobody wants, or will ride. Hell, there's no reason that being elected to office means you're being paid by the taxpayer for the rest of your life.

There are trillions to be saved in bullshit before you even get to the real savings in the entitlements and defense.