Talking about taxation theoretically really doesn't help us understand the problem.
We have outstanding bills, and we have ongoing bills to pay.
Current tax revenues does not pay today's bills, and contrary to the current mythology, cutting taxes hasn't increased revenues, either.
We either cut spending and/or raise taxes, Or we can continue borrowing to cover our annual deficits.
Those are our choices, folks. Those really are our only three choices.
In 2010 we had a $1.556 Trillion deficit.
If we want to talk about cutting spending, we need to find that amount to cut from the budget just to pay for the 2010 shortfall.
Okay, fiscal conservatives, tell us exactly what you'd cut to deal with just ourt 2010 $1.556 trillion deficit.
It would help your credibility if you included the amounts that would be cut, too.
Your goal is to cut 1,556 BILLION dollars from the ANNUAL budget.
If you believe that we ought to raise taxes, then your task is to decide WHO TO TAX to find that amount.
Good luck.
Before the Dems took over spending wasn't nearly the problem it is today. We wouldn't be having this debate if it weren't for them spending us into this mess. The deficit was shrinking and was only $169 billion. Now it's in the trillions. The Dems intentionally spent us into a state that is forcing an increase in the tax-code.
Spending is the problem.
Try to understand why.
What's the best way to solve a problem?
That's easy....first you identify the problem and identify it's causes.....then go from there. I constantly see folks ignoring the causes. But it's not too late. We can cut off all of the new programs Obama and the Dems pushed down our throats and much of the problem evaporates. The rest is just a matter of investigating, levying fines and punishments for all of the cash that was sent to unions, foreign banks, and foreign oil producers.
Maybe we could at least begin to shrink the debt after doing all of that.
Then we can think about raising taxes.....but not until then.
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