I am not a neo conservative republican so don’t affiliate me with those clowns. I’m just curious to see what Liberals plan to do if they have a plan.
I know I’m gonna get insults like conservatives hate poor people or conservatives are warmongers. But again, I am not a fake neo conservative republican. There is a difference between a conservative and a neo conservative ok.
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So If Liberals Don’t Want To Cut Any Programs, How Do They Plan On Reducing Our National Debt?
Posted on March 10, 2012.
MILITARY–budget is bloated 10X beyond costs that can be sustained…Joint Chiefs in Military agree to cuts of 1.5 trillion but even then we still need to bring home the troops from everywhere & rebuild here..
Obama has already said he wants to cut out some corporate welfare programs like the billions of dollars given away to the oil companies. There are many loopholes in the tax codes that Obama wants to close, but the Republicans are against closing the loopholes because that would be the same as raising taxes on some of the corporations. Obama also said that ALL corporations should pay some money in taxes, and he wants to change the tax codes that allow some corporations that have billions of dollars in profits to not pay any taxes, but again the Republicans do not want to make those changes because that would mean raising the taxes on those corporations that have not been paying any taxes.
There’s only so much fat to be cut from the budget. Clearly it will be necessary to raise taxes. Since the wealthy have been getting some huge tax breaks in the last 20 years or so, it’s time to make the tax code more steeply progressive. I agree with the Tea Party that most of us are “Taxed Enough Already,” but that’s not true of those who are wealthy enough to benefit from hundreds of loop holes in the tax law.
When Mitt Romney was challenged about his tax avoidance strategies, he replied that they were “all perfectly legal.” Yes, I’m sure they are: he’s running for president “for Pete’s sake.” That’s exactly why the tax laws need to be reformed. It’s not about what’s currently legal, but what’s fair.
Liberals have offered 4 trillion dollars in across the board spending cuts. Conservatives are opposing that because they don’t want to cut defense spending, but increase it–according to Romney–and preemptively attack another country.
Remember that it was republicans who said that they wouldn’t agree to ever end the temporary Bush tax cuts to the rich……even if democrats provided 10 to 1 spending cuts in return.
I’m not sure why some cons believe we should eliminate absolutely every vital program to pay down our debt, but refuse to cut their own pet projects or allow the tax cuts to expire.
The federal budget is a lot like my families’ budget in many ways.
My wife and I have sat down and done the math and a budget. On one hand, there are expenses, and on the other hand, there is income.
Some expenses are fixed. For example, we have to pay our mortgage, insurance, property taxes, car payment, etc. Some expenses are either less fixed like the weekly amount we spend on groceries and gasoline (east less and cheaper and use the car less and stay home more) and a few expenses are discretionary like cable TV, a land-line, gym membership, etc.
You pare down and you pare down. However, there comes a point where there is no fat left and every expense left is necessary.
Then, the only other option is making more money – raising revenue. Working longer hours, getting a second job, etc.
Frankly, to make ends meet in these very tough times, we have done both, cut costs and brought in more money.
I suspect that is exactly what the federal, state, and local governments must do, too. However, for political reasons, republicans have seen fit to take one facet of a balanced approach complete off the table and won’t even discuss raising revenue. They believe that we can cut, cut, and cut some more spending and that will be enough to balance the budget.
Frankly, the problem is that there is only so much you can cut. Sacrificing your time and making more money worked for my family and I bet it would work for government, too. Sure, we can cuts costs, but we have to raise revenue, too.
The Federal government spends $ 4 trillion a year
$ 2.5 trillion is direct payment to individuals
$800,000 is the total military budget
Tax revenue is $2.3 trillion
We borrow $1.7 trillion to make up the difference.
Even if we completely eliminated the military we would still be short almost a trillion dollars… and that’s before Obama care.
It will take real spending cuts to individuals and tax increases to straighten this mess out.
The liberal dream of just raising someone else’s taxes is mathematically impossible
Tax reform, and entitlement reform.
Going have to hike taxes, and make cuts to entitlement.
Or at least that was what a commission that was ordered to deliberate on the issue discovered as the solution.
But Norquist has filibustered debt reduction.
We would cut the military and raise taxes.
Has Obama said ANYTHING about a war in Africa? Or killing Kony? Has ANY person in the Obama administration said ANYTHING about those two?
you can’t reduce the debt with our military occupying the world either.
just sayin…
Raise taxes to 101% should do it.