BrokeLoser
Diamond Member
- Thread starter
- #41
We could eliminate the deficit entirely, and lower tax rates for EVERYONE, by simply banning the $1.4 trillion spent each year on tax expenditures.If you look at the 2019 Budget (below), especially the Welfare and Medicaid line items, you see that the $900b deficit can be offset by reducing welfare and medicaid as well as other reductions, such as in Defense. While the economy is at its highest level, and at full employment, with jobs all over, we should really be sure that the recipients of welfare and medicaid are truly deserving, and are US citizens. IMHO the dems give out freebies too easily thereby ensuring that the dependency on their democrat plantations is assured. I'm hoping that Trump makes sure that there are more people pulling the wagon than riding in it.
2019 Federal Budget $4.04T
Mandatory spending $2.74T
Social Security $1,050b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b
Discretionary $1.3T
Defense $893.0
HHS $70.0
Education $59.9
VA $83.1
Homeland $52.7
Energy Dept $29.2
NNSA $15.1
HUD $29.2
State Dept $40.3
NASA $19.0
All Other Agencies $133.1
We have an insane system whereby entities earning identical incomes are paying radically different taxes.
We have a tax code which is the largest government behavior control program in the history of the world. We have a tax code which is used by the government to interfere in every single market on a MASSIVE scale.
How anyone claiming to be a "conservative" can defend this system is beyond me.
Off topic but....does that mean you’re behind EVERYBODY paying a flat tax?