Posted on 10/01/2015 6:40:22 AM PDT by SeekAndFind
Cutting taxes is great, but as I said, it must be done alongside genuine spending restraint — meaning serious changes to Medicare, Medicaid, Social Security and Affordable Care Act subsidies, which are consuming an ever-growing share of the budget.
Doing one without the other would just kick the can farther down the road, an exercise that politicians are very good at.
The good news for the candidates is that a plan to cut spending isn't that hard — on paper, at least. Cato Institute's Dan Mitchell calculated that we could balance the budget by 2021 by capping spending growth at 2% annually. Allowing spending to grow by 3% annually would balance the budget by 2024.
Now, those numbers are based on current tax policy. If lawmakers want big tax cuts, there will need to be commensurately greater levels of spending restraint. The difficulty, of course, is to persuade politicians to implement such spending constraints and actually stick to them in the long run.
That's made harder by the fact that the only realistic way to limit spending growth to 2% or 3% per year is to reform the fastest-growing programs in our budget, or the so-called entitlements. That would require standing up against the politically powerful special interests that benefit from these programs.
(Excerpt) Read more at news.investors.com ...
I think Trump has already addressed stupid things we fund and getting rid of them.
Elimination of many of the regulators and subsidies are a big part of the Cruz policy. It costs money to regulate and subsidize so eliminating them is cutting spending.
Why do these articles always neglect to emphasize that Trump stands way above the dwarfs on these issues?
The problem isn't lack of jobs. There are jobs. The biggest hurdle is that the vast majority of those on the dole don't WANT job. Why work when you can get paid to do nothing? They have a bone deep sense of entitlement, and an equally bone deep laziness. And until they're forcibly kicked out of the government's taxpayer funded trough they'll continue feeding with both front trotters in it.
FWIW, aren’t there still technically laws on the books that those collecting benefits (including unemployment) have to be looking for jobs, and take them if they’re available? That whole process has become a farce, because of the availability of cheaper immigrant and illegal labor.
Isn’t it telling how NO one in the Establishment Media ever asks a Demcorat how they plan to PAY for all the new spending they promise but talk Tax Cuts and they all come screaming “how you going to pay for it”.
Jesus!
Can you give these people a minute? It’s only October of the year before the election!
I want to hear about spending cuts. If a candidate just talks about tax cuts, he isn’t serious.
Supposedly. I'm not very familiar with welfare law, but I believe that only applies to those on unemployment compensation. I'm pretty sure recipients of AFDC and SNAP don't have to do anything (and they don't). Study done several years ago showed that most people on unemployment didn't find jobs until the unemployment ran out.
It’s a tax cut and engine of growth all wrapped into one. Just getting regulations back to pre-Obama, that would be a huge benefit. Kick it back to pre-2000 and we will hum along.
One thing I believe that Obama and his fellow Travelers are utterly sickened by is that America continues to steamroll the rest of the world. Japan is over. Russia is a has been country. The EU is going to fracture either by design due to socialism or irrational immigration. China is already stumbling as their centrally planned economy sputters out of OPM.
That leaves America alone again at the top, at least economically. If we can get her back on the moral road it’ll be American centuries for as long as the eye can see.
Cruz has cuts. Cruz’s plan is the same as Trump’s. Cruz handles jobs, taxes and DOE, etc., too.
The difference between Cruz and Trump is that one is a Constitutional conservative and the other is a NY Democrat/master marketer.
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