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Message
All the talk obout tax cuts misses the point
Posted on 11/9/17 at 9:30 am
Posted on 11/9/17 at 9:30 am
If we want to reduce our reliance on government and really set the citizens free we need to reduce our spending, not only in terms of percent of GDP but in real dollars. We also need to eliminate the automatic increases in spending (Baseline Spending).
When politicians talk about cutting spending they are talking about cutting the rate of spending increases not actually spending less money.
But the biggie is entitlements. It has become by far the largest expense of the federal government and with the coming rise in interest rates interest will also skyrocket. It's arithmetic.
This chart shows we are about to become Venezuela:
LINK
When politicians talk about cutting spending they are talking about cutting the rate of spending increases not actually spending less money.
But the biggie is entitlements. It has become by far the largest expense of the federal government and with the coming rise in interest rates interest will also skyrocket. It's arithmetic.
This chart shows we are about to become Venezuela:
LINK
4
Posted on 11/9/17 at 9:32 am to cajuncarguy
quote:
But the biggie is entitlements. It has become by far the largest expense of the federal government and with the coming rise in interest rates interest will also skyrocket. It's arithmetic.
Wonder how much we'd be able to support entitlements and reduce spending if some companies paid their fair share instead of harboring cash in offshore accounts.
Posted on 11/9/17 at 9:35 am to atlgamecockman
quote:
paid their fair share
You just had to drop this line in here.
Posted on 11/9/17 at 9:39 am to Doosh606
Ok? Paid more tax? How's that sound instead?
Posted on 11/9/17 at 9:43 am to atlgamecockman
quote:
paid their fair share
According to who? To me, their fair share might be 5% of profits or something. To you, it might be 90%. Who decides what is "fair"?
Posted on 11/9/17 at 9:45 am to SSpaniel
According to me. That is my belief. In order for a business to operate in our country, they must pay taxes at the rate set. Currently, to avoid doing that, many companies and individuals are hiding their money elsewhere and 'loaning' it to themselves, since there is no tax on these types of loans.
That is occurring right now. And people in the US are suffering for it. Does that sound fair?
That is occurring right now. And people in the US are suffering for it. Does that sound fair?
Posted on 11/9/17 at 10:03 am to cajuncarguy
quote:
If we want to reduce our reliance on government
OK who really wants this?
Posted on 11/9/17 at 10:06 am to Wtodd
I do
Posted on 11/9/17 at 10:09 am to atlgamecockman
quote:
paid their fair share
This one line tells me all I need to know about you.
Mainly that you're an idiot driven by your emotions.
Posted on 11/9/17 at 10:11 am to Bjorn Cyborg
quote:
I do
You're missing the bigger picture; less than 1% really want this
Posted on 11/9/17 at 10:11 am to atlgamecockman
quote:
That is occurring right now. And people in the US are suffering for i
That's the reason people suffer. You figured it out. Good job.
Posted on 11/9/17 at 10:12 am to cajuncarguy
Correct. All of these tax cuts are only being made to finance another $1T in infrastructure spending. There are no real spending cuts, only increases.
Posted on 11/9/17 at 10:14 am to Wtodd
No I'm not. I understand that. I was just answering your question.
Posted on 11/9/17 at 10:14 am to Bjorn Cyborg
OK fair enough
Posted on 11/9/17 at 10:26 am to cajuncarguy
quote:The biggies are military spending and entitlements (social security and Medicare).
But the biggie is entitlements.
The focus from the right is almost always the wrong entitlements in terms of impact to budget. The obsession with targeted social program to help the poor which don't even scratch the surface of our national debt is amusing to say the least.
Posted on 11/9/17 at 10:27 am to atlgamecockman
quote:
Wonder how much we'd be able to support entitlements and reduce spending if some companies paid their fair share instead of harboring cash in offshore accounts.
LOL you couldn't operate the U.S. federal budget but for a few months if you taxed the top 1% at 100%.
Posted on 11/9/17 at 11:10 am to Tigerdev
quote:
The biggies are military spending and entitlements (social security and Medicare).
The focus from the right is almost always the wrong entitlements in terms of impact to budget. The obsession with targeted social program to help the poor which don't even scratch the surface of our national debt is amusing to say the least.
Because they VERY different types of expenditures.
Military spending is discretionary. We can bend that cost curve pretty easily. (well no cuts are "easy" but relatively so).
Entitlements just grow and grown unchecked. Even if you raised taxes to cover them, it would outgrow the new revenue in a few years. That is why SS, medicaid and medicare dwarf military spending.
Posted on 11/9/17 at 12:01 pm to BigJim
quote:Notice I said those are the entitlements that matter. But most people focus on welfare and public housing programs which is idiotic.
SS, medicaid and medicare
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