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Thread: Obama: 'Nothing can be off-limits' in budget

  1. #21
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    Re: Obama: 'Nothing can be off-limits' in budget

    Quote Originally Posted by j-mac View Post
    At some point this will have to be a reality, but we need to first see that our liberal friends are serious about cutting their habits with our money. Right now all I see is the same game of bait and switch that they always have done.

    j-mac
    In general I agree, but know my ultimately solution would never happen.

    I've said a number of times I'd be absolutely in favor of the following scenario. Give a 1% per bracket increase across the board. Also give a 2% sales tax on all non-medical or food goods. The sales tax money would be tracket in a seperate pot and would ONLY be used for the paying down of our debt. Meanwhile, the budget each year would be adjusted for inflation and then have to be reduced by 5%. If the government spends more than the budget allows for, then the following year the tax bracket increase and sales tax increase expire automatically.

    If the government is actually making significant efforts at reducing our spending, and if I know some of the money is going directly to paying down the debt, I'm willing to give up a bit more of my money to the government. However, if they fail to live up to their end, then the tax burden should be removed.

    That said, sadly I don't think we'd ever see a trigger system like that actually occur.

  2. #22
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    Re: Obama: 'Nothing can be off-limits' in budget

    Quote Originally Posted by Zyphlin View Post
    In general I agree, but know my ultimately solution would never happen.

    I've said a number of times I'd be absolutely in favor of the following scenario. Give a 1% per bracket increase across the board. Also give a 2% sales tax on all non-medical or food goods. The sales tax money would be tracket in a seperate pot and would ONLY be used for the paying down of our debt. Meanwhile, the budget each year would be adjusted for inflation and then have to be reduced by 5%. If the government spends more than the budget allows for, then the following year the tax bracket increase and sales tax increase expire automatically.

    If the government is actually making significant efforts at reducing our spending, and if I know some of the money is going directly to paying down the debt, I'm willing to give up a bit more of my money to the government. However, if they fail to live up to their end, then the tax burden should be removed.

    That said, sadly I don't think we'd ever see a trigger system like that actually occur.
    Only 2 problems I see with that...

    1. Once a tax is in place, it rarely if ever is removed.

    2. We are not getting straight numbers from the political machine in DC now. What leads us to believe that the truth would be forthcoming when implemented?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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