Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: hosepipe
..Reduce the size and scope of the federal government and there would be no need to raise taxes..

Unfortunately, you are wrong. The size of the federal government is large, but its scope is narrow. Something on the order of 90% or more of expenses relate to defense, Medicare, Medicaid, social security and interest on the debt. Interest can't be cut and all the others have strong political support from a wide range of voters and the interest groups they support. Cutting expenditures in any meaningful way is much more difficult than you imagine or infer.

The Deficit Commission report is flawed — I would prefer a greater emphasis on expense cuts and a lower percent of GDP cap - but the basic thrust is well considered. Face it folks, Rush Limbaugh and Sean Hannity can rail against higher income taxes so long as they want, but they don't know any more about federal budgeting than you or I do. They're just spouting demagogic rhetoric.

You shouldn't believe what they say because they are ill-informed and are basically selling a product not dispensing the truth. Taxes are going to rise. Full stop. The best way to raise revenue while limiting damage to the real economy is to do so by lowering marginal rates, slashing deductions and “broadening the base” (i.e. bringing more households into the realm of being tax payers rather than the net beneficiaries of income redistribution). This is what the commission proposal does.

Republicans should be all over this thing, give it forward momentum and when it is near adoption tweak it so that it relies more heavily on discretionary spending cuts. They boxed themselves in this corner when the 2001 and 2003 cuts were enacted. The got that deal by loading the big marginal rate cuts into the lower brackets while trimming the higher brackets only a little bit. This made it too easy to keep the lower brackets were they are while hiking taxes on the "rich." The commission proposal is the only way of getting out of the fiscal train wreck that deal created with the GOP's political skin intact. Please do not resort to demagogic rhetoric to kill the proposal before it is even born. I honestly believe that it is our last best hope to avoid a quasi-default and irreversible economic decline.

14 posted on 12/02/2010 10:44:31 AM PST by irish_links (: ... but only say the word and I shall be healed.)
[ Post Reply | Private Reply | To 12 | View Replies ]


To: irish_links

They have no intention of paying off on social security.


15 posted on 12/02/2010 11:03:09 AM PST by screaminsunshine (Americanism vs Communism)
[ Post Reply | Private Reply | To 14 | View Replies ]

To: irish_links
[ Please do not resort to demagogic rhetoric to kill the proposal before it is even born. I honestly believe that it is our last best hope to avoid a quasi-default and irreversible economic decline. ]

Your WRONG... Eliminating federal government programs IS the way to go.. Not all at once but less and less each year and budget.. The States can take up the slack.. as they should have been State programs in the 1st place.. IF they were to be programs at all.. The federal government should be in chapter eleven.. to coin a term.. ALL federal government Unions should be disbanded and outlawed.. and federal employee guidelines revamped..

Most federal government functions should be ceded to the States.. not all but most.. In "chapter eleven" federal government creditors should be payed on a new schedule..

Each State can handle its own problems, that they have created themselves.. OR go bankrupt.. no handouts..

20 posted on 12/02/2010 11:59:15 AM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson