Republicans Create Economic Anarchy Again

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Originally posted by: hoops2
Since pj feels all govt spending is worthwhile, does pj write a check to the govt for more than he owes?



I certainly support a policy that requires all of us to collectively pay for the government. Which is why I don't vote for people who promise to increase spending and pay for it with tax cuts....like you do regularly.


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Originally posted by: hoops2

What is wrong with an across the board 1% reduction in all federal spending?



Plenty. Why on earth should we reduce the spending we pay to find medicare fraud it pays for itself and then some? Same for IRS auditors. And SEC investigators. And fewer oil rig inspections after the BP Oil spill sounds like good policy, right? And fewer guards at our foreign embassies in the wake of Bengazhi is good too, right Hoops? Yeah, most Republican president didn't think so either which is why they only talked about across the board cuts on the campaign trail....and why you cant find any Republican president in the last 50 years that ever implemented them.





PJ, what part of my earlier post didn't you understand?

In 2012, during the fiscal cliff, the tax cuts were made permanent for single people making less than $400,000 per year and couples making less than $450,000 per year, and eliminated for everyone else, under the American Taxpayer Relief Act of 2012.

https://en.wikipedia.org/wiki/Bush_tax_cuts

What are you talking about the cuts coming up for renewal?
I have over 30 years in corporate finance & you can always find ways to cut 1% without negatively affecting operations. Considering that this hasn't happened in the federal govt, there are probably many ways to cut spending.

Do we need over 1 dozen job training programs? Should agencies spend a million dollars on a boondoggle in Vegas? We could fire the people that spend all day surfing porn, obviously those people don't have any work to do. The govt is spending rent on unused office space. They buy furniture even though there are warehouses filled with furniture.

It takes an effort but ways can be found
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Originally posted by: hoops2
I have over 30 years in corporate finance & you can always find ways to cut 1% without negatively affecting operations. Considering that this hasn't happened in the federal govt, there are probably many ways to cut spending.

Do we need over 1 dozen job training programs? Should agencies spend a million dollars on a boondoggle in Vegas? We could fire the people that spend all day surfing porn, obviously those people don't have any work to do. The govt is spending rent on unused office space. They buy furniture even though there are warehouses filled with furniture.

It takes an effort but ways can be found


Oh yea, there's tons of unused Govt space around here. DOD ( or whoever it was) spent a tremendous amount of money buying land and built a huge building in Springfield to start relocating defense workers from the existing Cystal city location they currently occupy. Well the people in Crystal city raised holy hell over it claiming it would kill all the businesses there (it would) so they scrapped that plan and the building has sat empty for years. The FBI built a new building not far from me, it sat empty for the longest time and currently there's probably three or four dozen cars in the lot any given day. Those are just a few examples.
The Govt. could easily cut some spending, biggest problem with that is people raise all kinds of crap because it's money out of their pockets. Crystal city is a good example but the Govt. contractors are the ones who yell the loudest.


I believe just the opposite. Government is terribly inefficient with money, and moving money back into private sector will stimulate the economy.


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Originally posted by: hoops2
A 10% cut would hurt the economy. If spending was to be reduced by 1% per year, combined with te natural growth in tax revenue the x & y axis' will eventually cross creating a surplus. The surplus could then be used to retire some of the current debt.

In addition, create a simplified tax code that is no more than 100 pages, with a tax form of 2 pages.


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Originally posted by: pjstroh
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Originally posted by: BobOrme
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Originally posted by: pjstroh The budget busting Bush tax cuts are set to expire at the end of this year.

Can you show me the Republican plan that reconciles the Bush tax cuts with spending cuts?

The cuts expire in December.

Those same tax cuts will be on the board again before December without spending cuts to reconcile them.

Am I wrong?


Yes, you are wrong.

The Bush tax cuts were set to expire in 2010. Those same tax rates were passed by Congress (Democrats controlled both houses) and signed into law by Øbama in December of 2010. At that point, Democrats owned the tax rates and still do. You should be calling for an end to "the budget busting" Øbama Democrat tax rates.


And if you go back on these boards to 2010 you will find plenty of objections from me to renewing those tax cuts....and plenty of objections from our resident conservatives (I suspect you too) for the prospect of not renewing them.

So lets be honest about our own record on policy. I don't begrudge people who are for these tax cuts....I just begrudge the fact they are unable to be honest about their affect on the deficit. And thats about 99% of the Republican party.

Many of these tax cuts will be up for renewal in December....and I will object to them again....and our resident conservatives will advocate them again. And then our resident conservatives will complain about liberals and deficits.

Established tax rates are not "cuts". Maintaining current rates does not make them "cuts". Unless, you think Obama and Congressional Democrats actually "cut" tax rates by voting to maintain existing tax rates. If that's the case, we speak two different versions of English. In your version of English, anything less than raising rates is still a "cut". In my version of English, you have to actually cut current tax rates in order for the rates to be cut.
When an increase is called a decrease and a decrease is called an increase, you know that you're a Liberal.
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Originally posted by: DonDiego
DonDiego suggests those whose panties are in a wad write this down: "The US Government will not default on its debt anytime before the year 2017."
___ 11 October 2015

Well, well, well, . . . welly, . . . well.

It would seem poor old DonDiego was right, . . . again.

"The Senate passed a two-year budget deal early Friday that would prevent the U.S. government from defaulting on its debts next week and help avert a potential government shutdown in December.
Senators voted 64-35 to approve the legislation shortly after 3 a.m.
The House [had] approved the budget agreement Wednesday despite opposition from a majority of Republicans. President Obama was poised to sign it into law.
The legislation would raise the debt limit through March 2017, . . ."
Ref: USA Today

Oh, . . . Goodness! He even got the date until the next "crisis" correct.
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