Monk-Eye
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- Feb 3, 2018
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" Expedience Of Election Promises And Fiscal Negligence "
* Bureaucracy Helping Themselves To Government Services *
en.wikipedia.org
CBO risk factors
The CBO, Congressional Budget Office, reported several types of risk factors related to rising debt levels in a July 2010 publication:
* Tax Cuts And Tax Increases Without Spending Reductions Acceleration *
en.wikipedia.org
"Starving the beast" is a political strategy employed by American conservatives to limit government spending[1][2][3] by cutting taxes, in order to deprive the federal government of revenue in a deliberate effort to force it to reduce spending.
The term "the beast", in this context, refers to the United States Federal Government and the programs it funds, using mainly American taxpayer dollars, particularly social programs[4] such as education, welfare, Social Security, Medicare, and Medicaid.[3]
A related idea known as "Feed the beast", refers to increasing taxes for the purported purpose of balancing the budget only to make the government spend those inflows. Writer Stephen Moore and economist Richard Vedder have written in the Wall Street Journal that every new dollar of new taxes leads to more than one dollar of new spending according to their research. In an op-ed, they both stated that "[t]he grand bargain so many in Washington yearn for—tax increases coupled with spending cuts—is a fool's errand" since "higher tax collections never resulted in less spending."
* Bureaucracy Helping Themselves To Government Services *
The autocrats will not worry when the government starts to go into default and then you can have all the vain pride for the beloved populist , proletariat , socialist , state of pervasive public deprivation .
National debt of the United States - Wikipedia
The CBO, Congressional Budget Office, reported several types of risk factors related to rising debt levels in a July 2010 publication:
- A growing portion of savings would go towards purchases of government debt, rather than investments in productive capital goods such as factories and computers, leading to lower output and incomes than would otherwise occur;
- If higher marginal tax rates were used to pay rising interest costs, savings would be reduced and work would be discouraged;
- Rising interest costs would force reductions in government programs;
- Restrictions to the ability of policymakers to use fiscal policy to respond to economic challenges; and
- An increased risk of a sudden fiscal crisis, in which investors demand higher interest rates.[60]
* Tax Cuts And Tax Increases Without Spending Reductions Acceleration *
Starve the beast - Wikipedia
The term "the beast", in this context, refers to the United States Federal Government and the programs it funds, using mainly American taxpayer dollars, particularly social programs[4] such as education, welfare, Social Security, Medicare, and Medicaid.[3]
A related idea known as "Feed the beast", refers to increasing taxes for the purported purpose of balancing the budget only to make the government spend those inflows. Writer Stephen Moore and economist Richard Vedder have written in the Wall Street Journal that every new dollar of new taxes leads to more than one dollar of new spending according to their research. In an op-ed, they both stated that "[t]he grand bargain so many in Washington yearn for—tax increases coupled with spending cuts—is a fool's errand" since "higher tax collections never resulted in less spending."
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