First we had 1 trillion in cuts, then had 2, then 4. This proposal should have been 8 but 9 is close enough. So next one should 18 trillion, then 36 trillion, and then no federal government at all.
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WASHINGTON (AP) One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade, including $1 trillion in tax increases opposed by most of his fellow Republicans.
The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits. It would cut farm subsidies, Medicare, student aid, housing subsidies for the poor, and funding for community development grants. Coburn even takes on the powerful veterans' lobby by proposing that some veterans pay more for medical care and prescription drugs.
Coburn would also eliminate $1 trillion in tax breaks over the coming decade, earning him an immediate rebuke from Americans for Tax Reform, an anti-tax organization with which Coburn has had a running feud. He would block taxpayers from claiming the mortgage interest deduction on second homes and limit it to homes worth $500,000. He would also ease taxpayers into higher tax brackets more quickly by using a smaller measure of inflation to adjust the brackets.
Coburn proposes $9 trillion deficit cut measure - Yahoo! News
Finally, a real, serious proposal to the debt problem. Of course, it will be DOA because there are too many cuts for the Democrats and too many tax increases for the Republicans, but it's the only proposal I've seen to date that actually addresses the hard choices that the bulk of Congress is too cowardly to make.
Bear in mind, Tom Coburn is one of the most conservative members of the U.S. Senate, but I have no doubt he'll be branded a RINO now.
I can agree with this, except for the student aid cuts.
It'll never happen, though. Neither side's ideologues could accept it.
All of you guys that need/want student aid, should be thrilled. If the feds stop the aid or drastically restrict it, tuition will come down, big time.
Finally, a real, serious proposal to the debt problem. Of course, it will be DOA because there are too many cuts for the Democrats and too many tax increases for the Republicans, but it's the only proposal I've seen to date that actually addresses the hard choices that the bulk of Congress is too cowardly to make.
Bear in mind, Tom Coburn is one of the most conservative members of the U.S. Senate, but I have no doubt he'll be branded a RINO now.
I can agree with this, except for the student aid cuts.
It'll never happen, though. Neither side's ideologues could accept it.
All of you guys that need/want student aid, should be thrilled. If the feds stop the aid or drastically restrict it, tuition will come down, big time.
All of you guys that need/want student aid, should be thrilled. If the feds stop the aid or drastically restrict it, tuition will come down, big time.
Link?
I can agree with this, except for the student aid cuts.
It'll never happen, though. Neither side's ideologues could accept it.
All of you guys that need/want student aid, should be thrilled. If the feds stop the aid or drastically restrict it, tuition will come down, big time.
No, it won't. At least not for State schools. Doubtful for private universities either.
Link to where aid brought down the cost over all these years?
I can agree with this, except for the student aid cuts.
It'll never happen, though. Neither side's ideologues could accept it.
All of you guys that need/want student aid, should be thrilled. If the feds stop the aid or drastically restrict it, tuition will come down, big time.
No, it won't. At least not for State schools. Doubtful for private universities either.
I can agree with this, except for the student aid cuts.
It'll never happen, though. Neither side's ideologues could accept it.
All of you guys that need/want student aid, should be thrilled. If the feds stop the aid or drastically restrict it, tuition will come down, big time.
No, it won't. At least not for State schools. Doubtful for private universities either.
Link to where aid brought down the cost over all these years?
I think you're missing the point where states have been cutting their higher education funding for the past couple of years now. That's the number one reason why tuition is up. Where the state use to pay 80-90% of the tuition in most cases and now students pay 70-80% in a lot of cases, it makes a big difference.
Without Pell Grants and loans, many students who have been able to take advantage of those opportunities would not be going to college. Including myself.
Link to where aid brought down the cost over all these years?
I think you're missing the point where states have been cutting their higher education funding for the past couple of years now. That's the number one reason why tuition is up. Where the state use to pay 80-90% of the tuition in most cases and now students pay 70-80% in a lot of cases, it makes a big difference.
Without Pell Grants and loans, many students who have been able to take advantage of those opportunities would not be going to college. Including myself.
You are just wrong:
Fast Facts
Increases in ready $$$ caused the rates to skyrocket way beyond inflation rates.
So let me get this strait... In 2 years of cuts, costs go up and you blame cuts. Over 30-40 years costs go up so much it's blinding and it's not because of the massive spending of Government?
Here is the prediction. You stop Government aid, costs rise, schools lose revenue and start finding ways to cut costs while at the same time try and figure out how to get more students... Evolution in that market takes place and then we get better and a more accessible education, quicker and cheaper.
This evolution has been proven tens of thousands of times.
[Do you have any idea how cheap schooling would be if people turned to online education over going to a massive school with HUGE overhead?
Fees imposed on college students who take online classes can be more than $1,300 at some schools, according to a new survey claiming that internet-based education is often more costly for students than attending classes on campus.
The one-time registration fees charged to web-based students are not levied on students who take traditional classes, and some online college programs include other charges for course materials and technology resources and services, according to a survey of 182 institutions conducted by the Campus Computing Project and Western Cooperative for Educational Telecommunications (WCET).
The report was released Oct. 22.
Online students are paying less than their brick-and-mortar peers at 20 percent of the campuses surveyed, while 31 percent are paying the same price, according to the survey. But nearly half of respondents said their online students are paying more for a college education than traditional students.
Doesn't do enough if ya ask me.
Less than a trillion a year over 10 years?
That's presuming that nothing new will be added in that time, never mind interest.
How many trillions did this president add in only his first year?
.9T/yr proposed - .3/year = .6T/yr x 10 years = 6T in cutsDoesn't do enough if ya ask me.
Less than a trillion a year over 10 years?
That's presuming that nothing new will be added in that time, never mind interest.
How many trillions did this president add in only his first year?
$0.3 Trillion.