Posted on 11/15/2010 9:53:33 PM PST by rob88888
Thanks to this handy tool from the New York Times, I was able to turn a projected $418 billion shortfall in 2015 into a $58 billion surplus. I was also able to turn a projected $1.345 trillion dollar deficit in 2030 into a $161 billion surplus.
Here's how I did it...
(Excerpt) Read more at blogcritics.org ...
Saying to cap Medicare spending without saying how to achieve this with the exploding demographics is not meaningful. My approach would be to limit overall federal spending to increases of 1% per year while tax revenues would increase at the rate of GDP growth. Over time you would shrink the deficit and turn to surplus. To rein in social security and medicare would require privatizing and letting people control their futures.
I felt dirty going on the NY Slimes site but that was a nifty item. Solved the crisis without raising taxes. Hope the dopes in DC can do the same.
Eliminate all "earned Income Tax credits."
You only made 28K last year, cool, you owe zero, but we are not giving you $5,000 for doing so.
Was privatizing K-12 on the list?
Sent illegals home.
Lou Barletta 2012
I’m sure the Slimes’ model doesn’t include a GDP increase factor (and resulting increase in tax revenue) resulting from income tax rate reductions. They don’t approve of that proven theory.
“Cut foreign aid in half - Sorry, Israel. We’re broke!”
Yup, zap Israel first. After all, we have to have money left over to fund Hamas...
No caps on Medicaid I see! You could actually cut the size of all government agencies by 10%!!! Flat rate income tax of 10% no deductions! Everyone pays! Cut Corporations and business taxes to 0%. Maybe we could compete with China. No capital gains tax.
If you want to cut payments to states by 5%, you might also want to cut the unfunded mandates to states by substantially more.
Close NEA, EPA, IRS, TSA, ??
The FBI is useful. CIA can probably be folded into the military.
That tool has been flying around for a few days. It is useful in the sense that it shows the libs hand. The typical cut police officers, firemen, medicare, social security, etc. They always go right to “punishing” the constituents when talking about spending cuts. They never consider weakening their political power and restoring constitutional government.
I don’t know what the answer to Medicaid is other than the same privatization. If the people are on welfare give them x amount to spend on medical care per year plus a catstrophic plan. The problem is that people of this social class don’t know how to manage money.
They moved about 16 million more people to the Medicaid roles and this could cripple us!
The medicaid bill runs about 290 billion dollars a year! We better fix it fast!
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