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Reading comprehension is not your strong suit is it?
"...Use that tax surplus to stimulate during bad times..."
Use the tax revenue that you collect during boom to lessen the blow during a bust. It's like saving a large part of your Christmas bonus for a rainy day.
You don't have to agree with it, but it isn't asking too much to be able to conceptualize the idea.
This post was edited by joetheogre 17 months ago
Please don't tell me you are referring to Paul Ryan's "budget." That isn't really a budget because it doesn't provide any detail at all as to how much funding each department in the government is getting. That isn't a budget, as he calls it himself, it's a blueprint. I'm asking a serious question here. The GOP says they want spending cuts, but then during the presidential election they attack Obama for cutting $716 million from Medicare, during the 2011 Budget Control Act, Obama put raising the eligibility age for medicare on the table but they didn't include it in their bill, and during the fiscal cliff talks, Obama put raising the CPI index for social security on the table but Boehner immediately walked away from negotiating and Rubio tweeted that the GOP doesn't support cutting social security but Obama does. Each of these seem inconsistent if the GOP really wants to cut spending. Can you help me understand how these are consistent with the stated goal?
This post was edited by CockAtLaw 17 months ago
You may run like Hayes, but you hit like $*!#
I'm being absolutely serious here, because I haven't seen it. Can you please post a link showing the cuts the GOP wants to make from medicare, medicaid, social security, defense, veterans affairs, etc.? Not a general $3 trillion in cuts over 10 years, but a specific year-by-year cut from each government service.
Those crappy dems. I know they didn't vote for a crappy law, but they're still more to blame than the people who did because the dems wouldn't repeal it??? Is that your position?
It's called politics. Get the other party to do the dirty work for you. At a high level, both parties are advocating the same..austerity. Dems taking the taxes, pubs pushing spending cuts. The fiscal cliff was a fiasco.. A choice of avoiding austerity by what?... Passing austerity. Tax increases and spending cuts accomplish the exact same thing. They reduce money in the private sector and will drag the economy.
Why? And just what do you think will happen? Growing the economy when you are cutting spending or raising taxes is contradictory. We have been cutting spending. Do you not see the results? Look at UK?
And the govt debt is not our problem or the cause of our recession. That is the RESULT of our problem. It was caused by the economy tanking. The economy tanking is a result of a private sector debt bubble building over the last 30 yrs. private sector debt (you and me's) was over 300% of GDP at the collapse. We are now in a state where people need to deleverage and when that happens, spending slows and economy slows.
I agree with this. And because people aren't spending, there is a lack of demand in the market, which is the real reason that the recovery is so slow, not because of the federal debt or deficits.
Oh, I agree completely about it being politics. I fault the dems for a number of things, not the least of which is the complete failure to understand just how bad the economy was in 2008 and 2009, and the failure to pass an adequate stimulus package. I don't think it is a good idea to pass tax increases right now for anybody, but given the choice between passing tax increases on the top 2% or slashing safety net spending for the bottom 25%, including people who have been unemployed for significant periods of time, I know which one I am choosing.
Austerity in the middle of a recession and fragile recovery doesn't make much sense, and England and Ireland have shown that to be a failed policy. We are continuing down that short-term path because the discussion has been framed, and to question it now as a legislator would be political suicide.
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