Fiscal Cliff and Sequestration? I'm Confused

[thereisnospoon]

You all may be right. And I think the net result may be that it isn't the end of the world that some are forecasting.

I would like to think that it would highlight the need to install some actual rules on the governing bodies. Where the Constitution is now silent, voice needs to be added to change the structure of the beast since we can't rely on lawmakers to self-police.

It won't happen but It is a pleasant thought.

I must say that the responses of both you and "occupied" are well thought out and on point.

Perhaps it is time the politicians on both sides of the aisle feel the wrath of Americans.

 

[thereisnospoon]

each side is going to have to come to the realization that they cannot get everything they want.

 

[Oddball]

You all may be right. And I think the net result may be that it isn't the end of the world that some are forecasting.

I would like to think that it would highlight the need to install some actual rules on the governing bodies. Where the Constitution is now silent, voice needs to be added to change the structure of the beast since we can't rely on lawmakers to self-police.

It won't happen but It is a pleasant thought.

Where the Constitution is silent is exactly where the do-gooder politicians and bureaucrats should be butting out....It's their unchecked and pious butting in that has changed the structure of the beast.

 

[thereisnospoon]

Last year a couple making as much as $50,000 could file short form and pay $0 in taxes. Is this fair? Should the rich's "fair share" be increased when 50% of people pay $0?

Nope.
You're making an argument for flat rate taxes. An idea which I support.
I can live without deductions. Just take the 15% of everyone's income starting at a minimum of $30k per household and we're done.
Eliminate all deductions. No mortgage interest, no cap gains, no losses, nothing.
Whatever one makes through labor, investment or sale of assets pays 15% of EVERYTHING.
For example, if one sells their home the pay 15% of the equity. If one realizes a capital gain, 15% ..Inheritance 15%....Lottery winnings...15%..In fact there should be a federal VAT of 10% on goods. This should shut everyone up about taxation.

 

[bripat9643]

The cuts are equally split between domestic and Pentagon spending....You keyboard kommandos are as big of snivelers as the poverty pimps.

If the DoD can't squeeze $50 billion of waste, duplication and money pits like the Osprey out of their nearly $750 bil honey pot, then they're not even trying.

Defense spending is only 20% of the budget. It only makes sense that 20% of the cuts should come from Defense, not 50%.

 

[thereisnospoon]

The higher Taxes on the top wage makers will generate about 500billion.

Highly doubtful. There is the possibility that revenue will increase following a tax rate increase for wealthier Americans but there's also a good chance that action will further damage job growth and the capital markets, resulting in less revenue generated. No one knows for sure.

That's a certainty. Those in the builder/investor class are selling off assets or sitting on cash or buying tangible assets( precious metals, etc) in order to protect their wealth.
This causes the economy to contract.
After the initial rush of new revenue, the course will reverse and in the long term revenue will decrease.

 

[thereisnospoon]

The Sequestration idea was from a Obamination supporter in the White House and the GOP fell for it.

The ultimate goal of Sequestration is to gut the military, but have the GOP's fingerprints on it too.

Obamination got the GOP to fall for Sequestration with promises of working together before the DoD cuts went into affect, but now he is somehow deaf when they want a deal......

The cuts are equally split between domestic and Pentagon spending....You keyboard kommandos are as big of snivelers as the poverty pimps.

If the DoD can't squeeze $50 billion of waste, duplication and money pits like the Osprey out of their nearly $750 bil honey pot, then they're not even trying.

These defense contracts for items that clearly are not needed are a result of House and Senate members protecting their turf.
It has to stop. If an aircraft or weapon etc does not work or represents redundancy, it should be eliminated.
I realize defense contracts create lots of jobs and boost local economies. However, the waste created by the projects that are wasteful, create more fiscal problems than the economic impact.

 

[Oddball]

The cuts are equally split between domestic and Pentagon spending....You keyboard kommandos are as big of snivelers as the poverty pimps.

If the DoD can't squeeze $50 billion of waste, duplication and money pits like the Osprey out of their nearly $750 bil honey pot, then they're not even trying.

Defense spending is only 20% of the budget. It only makes sense that 20% of the cuts should come from Defense, not 50%.

The Pentagon cuts account for 50% of the non-discretionary cuts....The sequester doesn't even touch the Medicare and Socialist Insecurity Ponzi schemes.

Moreover the military cuts are far less than 10% of the current spending levels...Only a gutless pussy couldn't cut that much out of their grossly inflated budget.

 

[boedicca]

All the sequestration cuts do is reduce Defense spending to the level of 2006 - only six short years ago with the Left was howling about excessive spending on wars.

I'd wonder if the press will point out that these cuts are already counted in Obama's budget projections, hence the sequestration will be a double counting of defense spending reductions, but we already know they'll play Pravda.

 

[GoneBezerk]

Come on....the losertarians and liberals that hate the military believe the DoD must take it in the butt.

The cuts need to be made, but the DoD should not be the sacrificial lamb while welfare crap sneaks out the backdoor untouched.

Nevermind, Obamacare is still plugging forward so this is a waste of exercise when that adds $2T to the budget. Obamination is just playing a shell game and losertarians and liberals are eating it up like idiots.

The cuts are equally split between domestic and Pentagon spending....You keyboard kommandos are as big of snivelers as the poverty pimps.

If the DoD can't squeeze $50 billion of waste, duplication and money pits like the Osprey out of their nearly $750 bil honey pot, then they're not even trying.

Defense spending is only 20% of the budget. It only makes sense that 20% of the cuts should come from Defense, not 50%.

 

[GoneBezerk]

Sure kook....we'll just quit doing R&D for weapon systems that need to be fielded in the next decade because you think the DoD doesn't need that money.

Oh, when another hurricane strikes the EAST coast....don't call the DoD for support since that is money out of the DoD's budget. Clean up your own mess, the DoD has wars to prevent.

Programs like missile defense of the US get cut but of course missile defense doesn't look important in your tiny mind despite what Israel is seeing this past week with rockets and misssiles raining down on them.

The cuts are equally split between domestic and Pentagon spending....You keyboard kommandos are as big of snivelers as the poverty pimps.

If the DoD can't squeeze $50 billion of waste, duplication and money pits like the Osprey out of their nearly $750 bil honey pot, then they're not even trying.

Defense spending is only 20% of the budget. It only makes sense that 20% of the cuts should come from Defense, not 50%.

The Pentagon cuts account for 50% of the non-discretionary cuts....The sequester doesn't even touch the Medicare and Socialist Insecurity Ponzi schemes.

Moreover the military cuts are far less than 10% of the current spending levels...Only a gutless pussy couldn't cut that much out of their grossly inflated budget.

 

[Oddball]

Grow the fuck up, gutless neocon moocher pussy.

 

[GoneBezerk]

Such deep thoughts from a knuckledragger.

Did you make it to SrA before you got booted from the Air Force?

So do we need more GBIs, AEHF satellites, upgrades for our ICBMs, advanced SM-3s, F-35s?

Grow the fuck up, gutless neocon moocher pussy.

 

[Oddball]

You moronic neocon porker drips are just like the spoiled rotten little punk child who has never heard the word "no".

We're broke...Grow the fuck up.

 

[GoneBezerk]

But of course, the Federal govt should still keep blowing more money on entitlement programs....and slice up the DoD budget according to you.

Oh, how am I a stealth progressive??? I oppose entitlement programs and higher taxes/regulation by the Feds...please give us your demented explanation.

You see Cleatus, national defense of this country is a Constitutional requirement on the Federal Govt....so if we're going to spend money, then spend it on defending this country and maintaining the world peace that stimulates the world economy for everyone.

It doesn't matter how much you save getting rid of the DoD budget when it leads to a world war....but idiots like you come around every 50 years to get millions killed, see the 1930s. Deep down you like getting people killed, eh?

You moronic neocon porker drips are just like the spoiled rotten little punk child who has never heard the word "no".

We're broke...Grow the fuck up.

 

[Oddball]

^^^

 

[bripat9643]

The Pentagon cuts account for 50% of the non-discretionary cuts....The sequester doesn't even touch the Medicare and Socialist Insecurity Ponzi schemes.

It's all discretionary. Anyone who believes there is such a thing as non-discretionary spending has simply fallen for the statist propaganda.

 

[GoneBezerk]

You're turning into a clown like Mr. Shitman with the weird stuff.

The sign of a loser losing it....next up, huge cartoons!

^^^

https://www.youtube.com/watch?v=_Q5FdzHaOuE&feature=related

 

[Oddball]

The Pentagon cuts account for 50% of the non-discretionary cuts....The sequester doesn't even touch the Medicare and Socialist Insecurity Ponzi schemes.

It's all discretionary. Anyone who believes there is such a thing as non-discretionary spending has simply fallen for the statist propaganda.

Point being that, by the fed's definitions, the spending cuts are evenly split between what they deem "discretionary spending".

If you want to have the discussion about restructuring the entitlement side of the ledger, I'm all for that...But we're talking about the cuts that are in the sequester.

 

[Oddball]

You're turning into a clown like Mr. Shitman with the weird stuff.

The sign of a loser losing it....next up, huge cartoons!

^^^

https://www.youtube.com/watch?v=_Q5FdzHaOuE&feature=related

Blow it out your ass, neocon porkster....You have zero credibility when it comes to cutting any spending, because you refuse to even consider the possibility that your candy jar is loaded down with waste.

You're nothing more than a spoiled rotten punk child all growed up.