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Milligan Hay - Iowa d:^)
Veteran Advisor

Budget Pie Illustrated....

26 Replies
kraft-t
Senior Advisor

Re:Most of this has happened.

Since the 1980 election of Ronald Wilson Reagan. Tax cuts have got us to where we are financially.

Samnospam
Advisor

Re: Re:Most of this has happened.

Hawken Cougar
Senior Contributor

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GreaTOne_65
Senior Contributor

Re: Budget Pie Illustrated....

So much for honesty and integrity, eh, Craig? You and your party of shisters and crooks can't really help yourselves. You really need to go to church once in a while, and hope that some prayer will wash away some of your sin, I doubt that it will help, though. All you'll do is come back and do it all again.

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comments_image13 COMMENTS
To Delay Gov't Shutdown, GOP Requiring $12B in Additional Cuts in Already Disastrous Budget

The budgetary circus continues. Here's a summary of the latest move by Republicans, as the government faces imminent shutdown (via Politico😞

 

 

President Barack Obama called top lawmakers to the White House for a meeting Tuesday, even as House Republicans edged closer to a real government shutdown Friday if the GOP’s demands for domestic spending cuts are not immediately met.

 

A draft bill being prepared by the House Appropriations Committee on Monday night would put the Defense Department on permanent footing through the end of this fiscal year but require $12 billion in new cuts as the price for keeping domestic agencies and the State Department operating another week.

 

 

 

What thugs, right? But wait, it gets worse:

 

 

The GOP proposal would also include a provision “preventing both federal and local funds from being used to provide abortions in the District of Columbia,” according to a statement from the Appropriations Committee.

 

 

 

Yes, because that'll fix all of America's fiscal woes. Also, the Republicans do know that the Hyde Amendment already bans federal funding for abortion, yes? With all the energy spent this Congress on curtailing abortion rights, they must know. And yet here we are. ("Jobs jobs jobs!")

 

Here's TPM's analysis of the GOP move:

 

 

The purpose is simple. If negotiations over a six-month spending package don't yield an agreement in the next day or two, the Congress will be armed with the proper protocols for operating during shutdown. But the House of Representatives will also pass a politically tough temporary funding package -- with cuts too deep for many Democrats to accept -- and leave the question of a shutdown in their hand. If the Senate can pass it, and the President signs it, it buys congressional leaders and the White House another week to hash out a longer plan -- but at the cost of steep, steep cuts. On an annualized basis, it would amount to well over half a trillion dollars.

 

 

 

ThinkProgress has an excellent piece on the the potential consequences of the Republican budget plan, which would effectively phase out Medicare over the coming decade. Those consequences include increased costs for lower-income and sicker senior citizens and widespread confusion over policy options. Read more about it here, and check out TPM for even more information on the odious plan.

 

One more thing: Cenk Uygur of the Young Turks and, more recently, MSNBC grilled Bernie Sanders last night on why Democrats aren't taking a harder stand against the GOP budget. It's well worth a watch (via Mediaite😞

 

kraft-t
Senior Advisor

Re: Another half-truth from Kraft

It's not a half truth. If you are thousands of dollars in debt, You do not strive to diminish your revenue stream while you are loaded with debt obligations. That is exactly what every tax cut has done since they were started. Only once in that 30 year period did we get close to a balanced budget and that was after the clinton tax increases.

 

 

Hawken Cougar
Senior Contributor

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dagwud
Senior Contributor

Re: Another half-truth from Kraft

"If you are thousands of dollars in debt, You do not strive to diminish your revenue stream while you are loaded with debt obligations."

 

 

What you certainly don't do is continue to raise spending and ignore the fact that you are swimming in red ink. 

 

 

There are also many folks including many Dems that believe lowering taxes leaves people with more of their own money to spend which helps create jobs and boost the economy which in the end can help increase tax revenues. 

 

 

Here are a couple of quotes from a U.S. president that cut taxes more then Bush did.

 

 

"It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus."

 

 

"Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government."

 

 

"The present tax codes ... inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions."

"In short, it is a paradoxical truth that ... the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full eemployment can balance the budget, and tax reduction can pave the way to that eemployment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus."

 

 

"We must start now to provide additional stimulus to the modernization of American industrial plants ... I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and eequipment."

 

 

"This administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes ... Next year's tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital ... I am confident that the enactment of the right bill next year will in due course increase our gross national product by several times the amount of taxes actually cut."

 

 

I guess he must have been one of those evil Repubs that loves the rich and big business and hates the workers of the country.



kraft-t
Senior Advisor

Re: Another half-truth from Kraft

If I was running a budget shortfall, I would reduce spending in areas that are causing the deficit. I wouldn't cut social programs that are sustained by a specific revenue stream coming in. SS and medicare did not cause the 14 trillion in debt. Not at all.

 

We have experience tax cuts since the early 80's. They have not produced as advertised.

 

The rsmpsnt increase in spending today is in response to the economic calamity left by the prior administration. Would you have done nothing and allow a full blown depression to occur?

 

Corps are doing well in the current economic circumstances. Look at the dow for proof. What they are lacking is customers which would be the catylist for increased sales and further expansion. Business doesn't need tax breaks nearly as much as they need customers with money

The recent health insurance reform does not cost money long term but saves money. It's an option designed to get more people insured at lower cost to all of us. Your option is what? Denying health care to more people?

Samnospam
Advisor

Re: Another half-truth from Kraft

A) it is a full blown depression. It's simply masked by safety nets and trillions of dollars in free cash to bankers. You're paying a hidden tax every day, everyday your wealth is squandered away to hide the depression.

B) the stock market is riding high on free fed money just like commodities.

C) what I do for health care is none of your or Barry's business. I'am a free person, only tyrants seek to rule over the lives of others so blow off and myob. Same goes for retirement, get the Hell out of my life.