cutter
Gold Member
- Oct 17, 2010
- 1,909
- 501
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Yeah...Katrina.
Gee...it almost makes one think that we should put something in the Constitution to remedy this problem...we seem to have it every year or several times a year...
How many years can we continue to spend 2.4trillion with an income of 1.5trillion and not have a problem. Some say the answer is increasing the debt limit. Will that solve any problems? WE have a serious spending problem. We have to quit spending more that we take in and even less than we take in if we are ever to pay off our debt. We need to take seriously our cuts in spending. Why ANY foreign aid, we can't afford it any longer. Why be the police force for the world? We can't afford it any longer. Everyone is talking about dooms day if we don't raise the debt limit. I think it's dooms day if we raise the limit and spend it on things we can no longer afford. Worst case, we let the rest of the world starve. We can no longer be the sugar daddy to the world. In the long run maybe it won't be us that end up starving. Our leaders need to start putting us first and screw the rest of the world. How much would we need to borrow if we cut out all aid to foreign countries or the U.N. It's a start. Don't tell me we don't need to cut anything. That's why we are in the mess we are in.
I support the Presidential view that we need tax increases AND budget cuts.
The F22 and Virginia class would save us billions. Cutting foreign aid is a good idea; I think we should not have ambassadors to half the places we have them in fact. I support us leaving Iraq and Afghanistan. Theres little need to keep defending Japan, Korea, Germany, etc...
Domestically, we have to look at moving the retirement age higher to defer paying some of the benefits. On the income side, We have to look at short-term taxes that expire after 4, 8, 12, or 16 years to help pay off the debt.
Generally I'm not for tax increases but I do think we should remove the cap in social security deductions. I usually pay the SS deduction on 100% of my income. How about everyone pay the same percentage of tax on 100% of their income. That would go a long way to making social security solvent. ALSO make those funds DEDICATED to social security. The way it is now any funds excess deducted for SS are used for as general funds. That's why the SS trust fund in empty, they spent it all on pork.