Posted on 11/14/2017 8:54:08 AM PST by sloop3
Politicians on all sides insist that we cant have those big beautiful tax cuts originally promised by Donald Trump because the cuts have to pay for themselves. What theyre really saying is that tax cuts can't be large enough to curtail the government spending. Tax cut opponents like to create the impression that Big Governments current spending is so critical to our national welfare, its simply not feasible for cuts to be madeanywhere.
Really? Free Market Central spoke to Adam Andrzejewski, Founder and CEO of OpenTheBooks.com, the non-profit, non-partisan organization whose mission for the last six years has been to document government spendingall of it. Andrzejewskis team has successfully collected data for $80 of every $100 taxed and spent across America. Open The Books massive database encompasses the federal checkbook since 2001; 47 of 50 state checkbooks; and 15 million public employee salary and pension records. All this data can be accessed by anyone at openthebooks.com or via the openthebooks mobile app. The spending abuses unearthed by Andrzejewskis organization suggest that, contrary to the Washington narrative, there are plenty of opportunities to cut government, to put it mildly.
Do not post your blog entries into news and sidebars, post into the bloggers forum.
Eliminate entire extra-Constitutional cabinet level agencies, and the laws and programs which they administer.
hud hhs hew doe etc etc
Well, this is something I think about when I think about government spending: Where does all that money go? The answer is that a LOT of it goes to MILLIONS of government employees. And let’s be frank. A lot of them don’t actually do much.
So, we could save a ton by laying off a couple million government employees.
I wonder if that would impact our economy.
i.e. the problem is that government is so entrenched into our economy that we need government jobs if only to keep the economy from crashing hard. We’re stuck with them. Only a very slow weening of our culture away from so many government jobs would benefit us. What would be awesome is to return to the single income family and let people, thanks to the invention of the internet, effectively homeschool their kids. And the single wage earner could make twice as much money while our prices remain constant.
Of course, that isn’t going to happen. What will happen is that the shell game will continue until the US, and all other countries based on fiat money and dependent on growth to stay afloat, will end up like Venezuela. It’s only a matter of time. And I’m not talking decades. I’m talking years. Or months.
https://www.youtube.com/watch?v=TlN28DoL5qA
There. I just saved us a lot of money. I'm sure FReepers could think of a lot more money the fed could save. They just don't have imaginations. Or a set of morals.
Whatever happened to that 20% cut in federal spending that Trump promised ?
In the future, place your blog material in our bloggers forum.
In the 2006 budget, we spent 72% on SS, Medicare, and Medicaid, 15% on the military, and 6% on interest on the national debt. That’s 93%. So the ‘bureaucracy’ is less than 7% of spending. Most spending comes in the three big entitlement programs.
Oops, that should be the 2016 budget, sorry about that.
I guess he's been too busy dodging the anti-Trump protests and political machinations cooked up by the Dummocrap minions to do it yet. Just imagine if he didn't have to waste his time dealing with that stuff and was free to improve the conditions of our country.
Of course there are a lot of places to cut government, but that will require a very long detailed political discussion. The tax cuts need to happen now and can only be achieved with a simple majority if it is revenue neutral. Otherwise it will require 60% which will never pass in the senate.
Personally, as a middle class taxpayer, I don’t care if I get a tax cut. We need to get this country going again. So do the corporate tax cut to 20% the Sub chapter S to 20%, the 1st year equipment expensing, delete the inheritance tax, and let if go. We all will benefit right away. The ret can come later.
Paraphrasing Mark Twain, “Everybody talks about gutting government but nobody ever does anything about it.”
That’s because it’s the other guy’s entitlements we want to cut, not our own. We bitch about what someone else’s Congressman does, while continuing to put ours back in office because he brings pork back to the district. And when a budget is submitted that eliminates excess spending, Congress turns its back and chuckles at the president’s chutzpah. The solution to big government is unlikely short of watering the Tree of Liberty.
Did you see the budget Trump submitted?
Do you know what the Congress did with it?
Tax cuts can ONLY happen if the bill can be passed with 51 votes instead 60, otherwise it is dead.
The bill can ONLY be passed with 51 votes if it is done through the ‘reconciliation’ process.
‘Reconciliation’ can ONLY happen if the tax increase over 10 years is not substantial, they all agreed no more than 1.5 Trillion.
SO, the tax bill can ONLY be passed with modests cuts and a lot of shuffling money around.
Lets just get it passed and not complain too much. And vote more people into the senate in the future!.
There is no possible way larger cuts could make it through the current congress.
Tax cuts can ONLY be improved in a later bill if we pass this bill right now. If it doesn’t pass then we will lose the senate majority, and we will find ourselves going upstream a creek without a paddle.
I can see where to cut $1.9764 TRILION ...
Tax cuts DO NOT incur cost; only spending incurs cost.
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