What Can We Cut to Balance the Budget?

Discussion in 'Politics' started by Dissent, Oct 17, 2012.

  1. Dissent
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    Dissent BANNED

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    What Can We Cut to Balance the Budget?

    Why's it matter...neither of the 2 idiots are going to balance the budget anyways...they would rather spend spend spend and just drive us over the cliff and wash their hands out it...
     
  2. SniperFire
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    SniperFire Senior Member

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    You know, quantity of thread starts is no substitute for lack of quality.
     
  3. LAfrique
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    LAfrique VIP Member

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    I am afraid you are correct that neither Barack Obama nor Mitt Romney will actually balance the budget by end of 2016; unless of course, government finally realizes sending troops to other nations in attempts to suppress and oppress folks is very expensive and causing the US to sink into economic crisis:

    Barack Obama will do what warlike US government wants: Create wars to allegedly generate revenue and create jobs for otherwise hopeless US citizens;

    Republican war-loving Mitt Romney will create more wars to intimidate folks in their homelands, and to allegedly generate revenue and create jobs for otherwise hopeless US citizens.
     
  4. g5000
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    g5000 Diamond Member

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    I have no doubt in my military mind that we will still have budget deficits in 2016 no matter who wins the election.

    When you hear Romney say "revenue neutral" when talking about his tax plan, that means the existing budget $trillion+ deficit cannot be brought down with extra monies. It will have to be brought down solely by spending cuts, and I don't see that happening to the level necessary.

    No way, no how.

    So a plague on both their houses.





    1. We need to raise the Social Security and Medicare eligibility age to at least 70. We are living longer, we should be working longer. If life expectancy climbs to 100, are we going to be spending one third of our lives living on federal entitlements?

    When Social Security was enacted, average life expectancy was 60. It is Social Security Insurance. Insurance means not everyone collects. Somewhere along the way, "insurance" became entitlement. Quite a hat trick they pulled.

    When Social Security was enacted, 6 percent of the US population was over the age of 65. Today, 13 percent are over the age of 65. That is literally a more than doubling of our Social Security entitlement load.

    If we raise the retirement age by five years, that is five more years you pay in, and five less years you take out.

    That would result in an astronomical savings.


    2. The mortage interest tax deduction must go. Virtually every economist of every orientation believes this. This is a hugely regressive tax, and the deduction is built into the price of a house. Take it away, and the price of houses will drop, making them more affordable without government incentives.

    For those who already own a house which had the deduction priced in, you grandfather their deduction. Take away the deduction for all new purchases going forward.



    3. The employer provided health insurance tax exemption must go. ObamaCare actually embedded this deduction even deeper into the tax law. Obama took a broken machine and made it even more broken.

    Take away the exemption and buy insurance for yourself. Instead of your employer funding $10,000 of your insurance, he pays you that in salary instead. This way your hands won't be tied to two or three plans provided by your employer. You pick what options you want and what options you don't want, just like you do with your life, auto, and home insurance.

    Right now, the US taxpayer is subsidizing every American who receives employer provided healthcare.

    Take that subsidy away, and we can support those who have catastrophic illnesses that actually need help.


    4. The more you tax something, the less of it you get. Stop taxing production and labor, start taxing consumption.



    The solutions are not that difficult. Finding enough politicians with the courage to enact them appears to be impossible.

    .
     
    Last edited: Oct 17, 2012
  5. Sinjorri
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    Sinjorri Senior Member

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    ask the soliders if they have a problem taking out the evil people on this planet.
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says spendin' more money to balance the budget makes about as much sense as havin' more guns to bring about gun control...

    Balancing the Budget: ‘The President Asked for Money for Stimulating the Economy’
    December 20, 2012 – Senate Majority Leader Harry Reid (D-Nev.) said, “We have to make sure that the country is expanding” with stimulus spending, when asked Thursday what year his fiscal plan would balance the budget.
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Everything
     
  8. Billo_Really
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    Billo_Really Litre of the Band

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    We could cut the defense budget in half and end these 2 bullshit wars that are costing us $12 billion a month.
     
  9. g5000
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    g5000 Diamond Member

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    Yep. We have more than doubled the Defense budget since 9/11.

    The wars are over. Time to return to pre-war level spending. There simply is no excuse for not doing so.

    .
     
  10. Billo_Really
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    Billo_Really Litre of the Band

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    I wonder how much the Dept of Homeland Security costs us every year?
     

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