Spending cuts vs. Tax increase - Page 2 - TigerDroppings.com

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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
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 Online 

re: Spending cuts vs. Tax increase


quote:

Don't quote me on this but isn't this the idea behind the Obama tax plan? To take the tax rates back to what it was during the Clinton years


No, the Obama plan only returns the tax rate to the Clinton level for the upper bracket for those making over 250K(married).

Why not go back to the old rates for everyone? After all Clinton's 8 years were the best ever.

Furthermore, Obama's plan does not mention spending. Why not go back to the Clinton years and spend at that rate which was about 19.5% of GDP.






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junkfunky
LSU Fan
Member since Jan 2011
14103 posts

re: Spending cuts vs. Tax increase


Personally I don't care if my taxes go (back) up, I have no problem kicking in even more to contribute. What I'm saying is taxes don't matter without spending cuts across the board.





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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
39565 posts

re: Spending cuts vs. Tax increase


What does it solve when at the same time you want to increase the debt ceiling from 16T to 18T? So you can spend more money?

The cuts have to be set in stone if agreed upon as well.. No more of the we say we are going to cut X over Y years and then 2 years later its taken out but the tax increase remains. Spending needs to be cut way more than an increase in revenue is needed.






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756
LSU Fan
Member since Sep 2004
9585 posts

re: Spending cuts vs. Tax increase


when OBama says we must increase taxes and cut spending what he is really saying is I need to finance new spending I like but increase your taxes and cutting the spending you like





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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15317 posts

re: Spending cuts vs. Tax increase


quote:

Where are the more reasonable areas in the government to cut spending?
According to Obama and the Democrats, only in defense. The problem is we spend less than $1 trillion on defense and our deficits are greater than $1 trillion. Obama and the Democrats claim the rich do not pay their fair share and they should pay more because they can afford it. Obama and the Democrats reject the idea that when it comes time to collect government benefits that the rich should receive less because they have less need. So Democrats want to apply means testing to payment of taxes, but not receipt of benefits even though means testing plays into the mantra of fairness. Ask yourself why?

Spending buys votes. Cutting spending won't necessarily cost any particular politician votes, but just the potential to cost votes is sufficient to prevent enough politicians from giving spending cuts serious consideration.






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constant cough
LSU Fan
Lafayette
Member since Jun 2007
36646 posts

re: Spending cuts vs. Tax increase


Washington already has too much money. I don't know how anyone could think otherwise unless they're on the dole.





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Wolfhound45
LSU Fan
Member since Nov 2009
15822 posts
 Online 

re: Spending cuts vs. Tax increase


quote:

No tax increases until I see spending cuts.


This.






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DEANintheYAY
USA Fan
LEFT COAST
Member since Jan 2008
30986 posts

re: Spending cuts vs. Tax increase


quote:

No tax increases until I see spending cuts.



Will Obama Agree to Entitlement Cuts? He Already Has






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wickowick
LSU Fan
Head of Island
Member since Dec 2006
23229 posts

re: Spending cuts vs. Tax increase


I will say again, what has been said by many people on here before: the US needs a long term plan to reduce spending and promote be pro buisness. Increases in tax receipts should come from expansion of buisness and increases in GDP, not from anti buisness policies. It is a world market the US should be looking at policies to make the US attractive to buisness to grow and relocate here. That is not what we currently have. We can not tax our way out of this...





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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
6415 posts
 Online 

re: Spending cuts vs. Tax increase


quote:

What does it solve when at the same time you want to increase the debt ceiling from 16T to 18T? So you can spend more money


Bingo, there is no correlation between revenues and spending anymore.

There are no checks and balances. Washington is going to spending what they want no matter what.

That people is the problem.

Arguing about tax brackets, loopholes, deductions is really a waste of time because the pols spend what they want to spend and do not take in account revenues at all.

Has anyone heard Obama talk about cutting spending? Reid? Pelosi?






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junkfunky
LSU Fan
Member since Jan 2011
14103 posts

re: Spending cuts vs. Tax increase


quote:


Will Obama Agree to Entitlement Cuts? He Already Has


When was this passed?






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i am dan
Auburn Fan
Back 9
Member since Aug 2011
3748 posts

re: Spending cuts vs. Tax increase


I believe Clinton had good years because a big arse brand new industry was born during his presidency.

Cumpootars.

Hearing democrats say "the rich needs to pay their fair share" or obama saying "they don't need all that money anyway, they can pay more", makes me want to slap the hell outa them.

I truly hope obama isn't able to finish his 2nd term. frick that jackass.




This post was edited on 11/15 at 12:46 pm


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igoringa
LSU Fan
Tejas
Member since Jun 2007
9846 posts

re: Spending cuts vs. Tax increase


quote:

but it would be one method, along with others that may get us out of this mess.


This is like saying your kids lemonade stand will help you get out of the mess of owing $500K on your house.

Yes, if we find pennies on the ground it will help too.

Scope and magnitude on just lost in this debate.






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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
39565 posts

re: Spending cuts vs. Tax increase


58 billion a year for the next TWENTY years??









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wickowick
LSU Fan
Head of Island
Member since Dec 2006
23229 posts

re: Spending cuts vs. Tax increase


quote:

I believe Clinton had good years because a big arse brand new industry was born during his presidency.


That and the fact that he moved to the center after the assault weapons ban blow back cost him the House and Senate...






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Scruffy
USA Fan
Member since Jul 2011
30360 posts

re: Spending cuts vs. Tax increase


That's nothing over 20 years. It's just a feel good idea that won't amount to anything.





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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
6415 posts
 Online 

re: Spending cuts vs. Tax increase


quote:

Will Obama Agree to Entitlement Cuts? He Already Has


No he did not.

He proposed some spending cuts to entitlements IF REVENUES (taxes) were increased.

There never was an agreement. There was a proposal, not an agreement per the article you linked.







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Zach
LSU Fan
Member since May 2005
63844 posts
 Online 

re: Spending cuts vs. Tax increase


quote:

Will Obama Agree to Entitlement Cuts? He Already Has When was this passed?

It's a throw away. No such thing will happen. And Dean knows it.






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Wolfhound45
LSU Fan
Member since Nov 2009
15822 posts
 Online 

re: Spending cuts vs. Tax increase


quote:

Will Obama Agree to Entitlement Cuts? He Already Has


quote:

Mr. Obama wasn’t willing to go quite that far. But in his counteroffer a few days later, he agreed to squeeze $250 billion from Medicare in the next 10 years, with $800 billion more in the decade after that. He was willing to cut $110 billion more from Medicaid in the short term. And while Mr. Obama rejected raising the retirement age, he did acquiesce to changing the Social Security formula so that benefits would grow at a slower rate.

This distance between the two sides on entitlement spending was sizable but not unbridgeable. In the end, the deal fell apart over the ratio of cuts to revenue. Mr. Obama wanted $400 billion more in new revenue than he and Mr. Boehner had initially discussed. Mr. Boehner couldn’t sell that number to his caucus, and he wasn’t going to try without getting even more drastic cuts to entitlements in return.




Yeah, he really did. In the New York Times version of facts, absolutely.

Deeeeeep cuts that won't even pay the interest on our debt (but give me another $400 billion more in new revenue).







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Wolfhound45
LSU Fan
Member since Nov 2009
15822 posts
 Online 

re: Spending cuts vs. Tax increase


quote:

Will Obama Agree to Entitlement Cuts? He Already Has


One more good laugher in the final paragraph that I had to give a FIFY to...

quote:

So while it may be good strategy for progressive groups to pressure the White House on entitlement spending, no one should harbor the illusion that the president won’t sign off on reductions. The simple fact is, he already has postured on the issue and done nothing.




He knew going in that an additional $400 billion in revenue was not going to happen.

But as long as the New York Times says he did...







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