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How in the hell would massive cuts fix anything? If anything it would tank the economy over night. Its a great bumper sticker but a horrible idea in reality. You want to make massive cuts...... sure, cut all the insane corporate welfare. Why the hell did GE pay NO taxes? Cutting services that help the poor and the middle class just kill Demand in the economy. Without demand for products there is no need for your job or any business that employs you.Originally Posted by sniper7
Let us make this point as well, taxes alone can't fix the crisis either. Only producing and exporting with the increase in revenue will really fix this. We have a table and we're going to set it. Republicans say cut, democrats say tax. Cutting could hurt the market as most major corporations are too dependent on the tit of government. Taxing could stalwart private spending and saving. If we don't use proper taxation, penalties, and tariffs to reindustrialize it is useless to continue this debate. Either party's plan is a short term fix for a long term problem.
I agree on the short term fix for a long term mess.
But to drive home my point. Taxes have never been lower in the last 70 years. at one time corporations paid over 25% (1950/60s) of the tax burden Today its about 8%. At one time the top tax rate was 90% for those who made over 2 million a year in todays dollars (1950/60s) today its less than 35%. But even that is a joke because most of the uber earners don't work and get taxed on wages. They live on dividends.... and if they are older than one year, they pay 15%. So a Dr who saves lives pays over 35% for his earnings and a parasite hedge fund douche pays only 15% on his billion dollar vampire bite from our economy.
Something is horribly broken and like hell we need to cut taxes for upper classes anymore. The US economy grew by leaps and bounds in the 1950/60s with all those taxes. Today it is vastly lower and our budget short fall is insane.
As for welfare people.......... well maybe we should listen to FDR and bring back the Civilian Conservation Corps or other forms of gov work programs. If we are going to pay them welfare, make them earn it and build this nation something worth while.
Couldn't agree more on your welfare point. Obviously Chicago school economic theories aren't going to fix this economy. I will step out of my conservative comfort zone and say that we are going to have to go down some unorthodox roads to fix some of these things.
Eisenhower btw raised taxes by a ton and most Republicans backed it at the time to balance the budget and update infrastructure.
Eisenhower is to the left of Obama and Obama is to the right of Nixon too. Todays right wing are not conservatives one bit. They are extremists who serve those who pay them. The sell a bill of goods that they are. I agree with Republican Eisenhower on many things. I would have voted for him. Its sad that the GOP has chased out all the moderates. Its gotten so bad that Reagan could never make it in the party anymore.
Yes we need to think outside the box. Both parties are corrupted by moneyed interests. This is why we can't fix free trade. We need to fix our system.
I would accept raising taxes, if it were on a temporary and scheduled basis. Every plan is always like "This should reduce whatever, by this amount, over the next ten, fifteen, twenty, etc years." Seems to me that the US could make a more concentrated effort of saying, "We WILL reduce our debt by X amount over the next ten years by instating this specific plan. By twenty years, we will have reached this level of debt reduction by moving to stage two of whatever plan, etc."
That's how I work my budget. Pick some debt, eliminate it, take that card out of my wallet, move onto the next target.
"There are no finger prints under water."
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