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.
If you truly believe tax increases would help at this time, you have a static view of the economy, just like a lot of liberals seem to have. That we need spending cuts is obvious. It's where to make the cuts that the moochers and producers disagree. The bleeding heart liberals want to continue buying votes by giving taxpayer's money to all that might vote for them in the coming election.
A proven fact that our economy is dynamic rather than static is that reductions in tax RATES actually increase tax REVENUES (the pile of money we have to give away) because of increased dynamics (motion...activity...expansion) of the producers and investors operating under more favorable (to actually making a profit) conditions.
Increasing tax rates discourages sales, expansion, new hires, advertizing...everything that involves spending money (economic activity) at all levels. Jobs are lost because business drops. More people need financial help...and the liberal approach is to raise taxes.
Just how frickin' STUPID can people get?
Reduce the size of government. Fire about half of the government employees we now support. Let the private sector run ALL service departments associated with the government, with people's job security depending on the PERFORMANCE and not the fact that they are employed.
Abolish all public service UNIONS!
....ESPECIALLY the teacher's unions.
The military equipment should always be the best. What you static-minded liberals do not understand is that thousands of businesses are supported by the needs of production and the needs of the WORKERS EMPLOYED BY THE DEFENSE CONTRACTORS. Kill the F22...you kill a lot a jobs...and you diminish the quality of weapons that our military personnel have to defend us with. But then, you'd likely not really care if this country was taken over by a Marxist dictator...as long as you got a government job or a free ride.
