Deficit Panel Recommends 75% Spending Cuts, 25% Tax Increases

Discussion in 'Politics' started by Toro, Nov 11, 2010.

  1. Toro
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    Toro Diamond Member

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    If it makes both the right and the left unhappy, that's a good thing.

    Deficit Panel's Leaders Push Cuts - WSJ.com
     
  2. topspin
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    topspin BANNED

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    and like all other commisions, 6 months after completion no one will be able to name them.
     
  3. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Oh yea, we get MORE TAXES...that makes me happy happy happy.
     
  4. Toro
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    Toro Diamond Member

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    But given the political intransigence on both sides of the aisle, it may take a full-blown crisis to get it done. Sacred cows are going to have to be gored.

    Best quote yet. Most ideologues on both sides aren't ready for an adult conversation.

    Deficit Plan Pits $3.8 Trillion Math Against Politics (Update1) - Bloomberg.com
     
  5. Toro
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    Toro Diamond Member

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    Probably.
     
  6. Toro
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    Toro Diamond Member

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    It's not supposed to make you happy. It's supposed to piss you off. If it is, the commission is doing a good job.
     
  7. mdn2000
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    mdn2000 BANNED

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    If it makes both parties happy, as in our political leaders happy, everyone loses, I would rather the liberals win than to have my taxes raised one dime.

    75% cut in spending means instead of spending a 100 trillion dollars in ten years they will spend 25 trillion. That is a 75% cut in spending, but still a 25% increase so they must raise taxes 25%.

    It really is the idiots who dont listen to Rush.

    One tax, 10%, grow the economy to close the deficit. Take the power away from both parties, the power is to raise and lower our taxes, to spend money, to collect money, one tax, no income tax, no property tax, no death tax.

    10%, grow the economy, after all we are the fairest most just people on earth, we need to grow.
     
  8. antagon
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    antagon The Man

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    i dont dig it. i'm ok with more taxes so long as expensiblility rises. they aim to lower both like idiots. the capital gains hike is sensible, but i think deductability for investment should be thrown in as a plus-side.
     
  9. Stephanie
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    Stephanie Diamond Member Supporting Member

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    whatever
     
  10. mdn2000
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    mdn2000 BANNED

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    Your okay with less money, no hike is sensible, nothing is sensible except one tax in the USA.

    Tax imports to cut the deficit, tax the shit out of imports.
     

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