Submit your Ideas to the Debt Commission

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

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Would you support any of these ideas if the Debt Commission actually implemented them

  1. Let the Bush Tax cuts expire (we just had 8-years of "tax cuts" how stupid do we look)

    5 vote(s)
    62.5%
  2. Pass a Balanced Budget Amendment (no more borrowing, ever)

    6 vote(s)
    75.0%
  3. Only US citizens can get ANY tax dollars, all others pay cash

    3 vote(s)
    37.5%
  4. SS & Medicare MUST confirm IDs before getting ANY benefits

    7 vote(s)
    87.5%
  5. The IRS gets the power to get off-shore tax evaders' accounts

    3 vote(s)
    37.5%
  6. The SEC prohibits "short-sales" of stock, only capital raising is allowed

    2 vote(s)
    25.0%
  7. The SEC? prohibits "derivatives", the "Investment Casino" is closed

    3 vote(s)
    37.5%
  8. Corporate Welfare is based on jobs created & benefits given

    4 vote(s)
    50.0%
  9. Outsourcing of jobs/factories is penalized by severe tax penalties

    4 vote(s)
    50.0%
  10. Tariffs will be used to level the playing field as needed to create/protect US jobs.

    4 vote(s)
    50.0%
Multiple votes are allowed.
  1. kyzr
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    kyzr Gold Member

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    But before you submit your idea(s) you need to get a positive response from a USMB poster. So lets debate ideas, and submit the good ones here commission@fc.eop.gov

    Since I like polls, I'm going to post a few ideas to start the discussion, let me know if you support them or not...

    Here is the Debt Commission's web site http://www.fiscalcommission.gov/
     
    Last edited: Nov 11, 2010
  2. washamericom
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    washamericom Gold Member

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    stop spending, hey your three trillion dollar a year shoes are untied !!, damn they fooled us again. why do i have to get a positive response from a usmb user?
     
    Last edited: Nov 11, 2010
  3. kyzr
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    kyzr Gold Member

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    Just to be sure your idea has merit. There are good ideas and dumb ideas.
     
  4. loosecannon
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    loosecannon Senior Member

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    so I can't just post a dumb idea unless somebody approves of it beforehand?
     
  5. kyzr
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    kyzr Gold Member

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    Post your dumb idea, and then submit it to the Debt Commission. I was just thinking it might be better to discuss before submitting it. No biggie. Go for it.
     
  6. loosecannon
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    loosecannon Senior Member

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    oh, nevermind.

    BTW on large the poll ideas were actually fairly good. They weren't your ideas?
     
  7. Baruch Menachem
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    Baruch Menachem '

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    I only like one of them. The rest of them suck.

    Taxes are excessive for job creation and economic growth. Those of you who hate on rich folks, don't make it so the rest of us suffer for your stupid. Sit there with your headaches and let the rest of us get on.

    Balanced budget is impossible at best and deflationary if it could ever be achieved. (That does not mean we should spend 0bamasytle. 3% =5% in the hole on an annual basis is rational and responsible.)

    I have no clue what the next one is about

    You get a dime from uncle sugar, you better be legal and be who you say you are.

    US tax on worldwide income is unique and stupid. We don't need to compound it, and no other country would let us do that anyway.

    Short sale is a good way to guess the market. It is actually a good way to enforce market discipline. Lots of companies hate it, but they are generally companies that deserve to be shorted anyway.

    Everything out there is a derivative. You need to define stuff better. Anything that is a derivative needs to be on the balance sheet at an honest valuation. When done right, they are a huge help and reduce risk. When done wrong, they destroy whoever is playing with them. They are like cooking with Gas. You do it right, it makes life so much better. You do it stupid, you really suffer.

    Corporate welfare needs to be banned totally. Corporations have it pretty easy. Easy come, easy go.

    The next one is impossible. The jobs will go overseas if overseas works better for the consumer. This will kill the us companies as well, and cost even more jobs, as the overseas companies will move in, rather than the us companies move out.

    Tariff is the stupid. Period. Tariff on bad behavior might be a good plan, if consistant. But protectionism is just a cool way to make monopoly. Which is always bad
     
  8. kyzr
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    kyzr Gold Member

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    All my ideas composed in about 2-minutes writing the OP. I'm actually hoping that other posters put up a few good ones.
     
  9. kyzr
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    kyzr Gold Member

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    My only point of rebuttal is that the best ratio of tax-rates and spending was during the Clinton era. The Budget actually had a surplus and there was a 'glide path" to paying-off the Debt.

    All we had since then was deficit spending and a fiscal/financial disaster. Going back to what actually worked is smart, going into a deeper hole is stupid.
     
  10. washamericom
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    washamericom Gold Member

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    who gets to decide merit ? then what ? this may be a dumb idea...
     
    Last edited: Nov 11, 2010

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