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Thread: Senate Democrats draft debt-reduction plan

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    Senate Democrats draft debt-reduction plan

    Senate Democrats have drafted a sweeping debt-reduction plan that would slice $4 trillion from projected borrowing over the next decade without touching the expensive health and retirement programs targeted by President Obama.

    Instead, Senate Democrats are proposing to stabilize borrowing through sharp cuts at the Pentagon and other government agencies, as well as $2 trillion in new taxes, primarily on families earning more than $1 million year, according to a copy of the plan obtained by The Washington Post.

    With debt-reduction talks under way between Obama and congressional leaders, Senate Democrats are unlikely to adopt the blueprint. However, it has gained broad support among those eager to chart a path to solving the nation’s budget problems without making politically painful cuts to Social Security and Medicare.
    Senate Democrats draft debt-reduction plan - The Washington Post

    Tax the Rich, gut the military...

    Ignore the 60% or so of the budget that is CAUSING the problem.

    Democrats, leading with bribes since 1965.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Senate Democrats draft debt-reduction plan

    And, what, reduced revenue due to tax cuts (and recession) combined with high military spending haven't added to the problem?

    We need a combined approach. Let the temporary tax cuts expire, eliminate unnecessary military programs and GTFO of the rest of the world's business, and Medicare/SS reform. Doing it this way means that no single change has to be as drastic.

    Also useful: Legalize marijuana and prostitution, tax those activities to generate revenue and simultaneously reduce all the other crime that is associated with them, which in turn reduces prison costs...
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by Deuce View Post
    And, what, reduced revenue due to tax cuts (and recession) combined with high military spending haven't added to the problem?

    We need a combined approach. Let the temporary tax cuts expire, eliminate unnecessary military programs and GTFO of the rest of the world's business, and Medicare/SS reform. Doing it this way means that no single change has to be as drastic.

    Also useful: Legalize marijuana and prostitution, tax those activities to generate revenue and simultaneously reduce all the other crime that is associated with them, which in turn reduces prison costs...
    There is no medicaide and SS reform.

    Oh that's a good plan, we're facing some financial problems, let's legalize people getting high and the debasement of women! Wow, you are just full of good ideas!!

    How about we eliminate SS, Medicare and Medicaide and lower taxes by 20%. across the board?

    Huge Surplus, 55%+ Reduction in the budget... economic boom....

    Nah... that's crazy talk, how would democrats get votes then?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Senate Democrats draft debt-reduction plan

    And the republicans plan: "Lower taxes and gut every single social programs which people count on to live".


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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by TheDemSocialist View Post
    And the republicans plan: "Lower taxes and gut every single social programs which people count on to live".
    Yes, gut them. People shouldn't count on others being forced to give them anything. And the politicians "giving" them stuff aren't doing so because they give a **** about these folks lives, they just want to ensure you are reliant so you'll keep voting for them. Read my signature;
    "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." -Thomas Jefferson
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Senate Democrats draft debt-reduction plan

    Politicians refusing to put areas they support on the table while freely making large cuts to areas supported by the opposition. I'm Shocked!

    When will both sides learn that this approach is not going to work. Even if they can could come to a compromise as soon as the debt crisis is no longer the main concern of the people both side will once again ratchet up spending in areas they support and we will find ourselves in the very same predicament.

    Washington needs a complete outlook change to make anything successful work long term. I think both sides are looking to apply a band-aid fix so that they can continue the status quo.

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by Baralis View Post
    Politicians refusing to put areas they support on the table while freely making large cuts to areas supported by the opposition. I'm Shocked!

    When will both sides learn that this approach is not going to work. Even if they can could come to a compromise as soon as the debt crisis is no longer the main concern of the people both side will once again ratchet up spending in areas they support and we will find ourselves in the very same predicament.

    Washington needs a complete outlook change to make anything successful work long term. I think both sides are looking to apply a band-aid fix so that they can continue the status quo.
    Don't hate the player, hate the game. Or in this case, politicians are merely behaving as the game allows, and the game are the voters. We get what we deserve when we allow politicians into office that behave like this. So many people are overdependent on the Government that our budget problems will never end till the issue is forced by collapse. All of this is just... delaying the inevitable collapse of our economic foundation.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by MrVicchio View Post
    Senate Democrats draft debt-reduction plan - The Washington Post

    Tax the Rich, gut the military...

    Ignore the 60% or so of the budget that is CAUSING the problem.

    Democrats, leading with bribes since 1965.
    Waits for hell to freeze over ... only when that happens will that bill have a narrow chance of getting by the House ..

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by MrVicchio View Post
    There is no medicaide and SS reform.
    ¨

    SS is in surplus for decades to come and Medicaid/care costs are directly related to the private run healthcare sector. You can gut Medicaid/care as much you want but the cost rising will continue regardless.

    Oh that's a good plan, we're facing some financial problems, let's legalize people getting high and the debasement of women! Wow, you are just full of good ideas!!
    Why not? What you are doing now is costing hundreds of billions a year in prison costs, legal costs and law enforcement costs. Considering most people in jail today are there on minor non violent drug charges, then why not? Maybe you wont have to release child rapists and murderers before time...

    How about we eliminate SS,
    So throw the elderly out of their homes and let them starve? Not to mention steal from a large portion of the population that has paid into SS... great plan! Get rid of the only program in government that is in surplus!!!!

    Medicare and Medicaide
    And let me guess.. let people die on streets? Or are you of the idea that every person who enters an ER needs prove proof of citizenship first and then the ability to pay? Those that cant just die right? You do realize that far from all people can afford the lack luster private healthcare plans there are out there right... people usually like to eat before paying for healthcare insurance.. You do also realize that it is exactly the private healthcare industry and the employer oriented healthcare system that is the main problem of the US right? Of course you dont, since your side gets so much money form these industries that you are blinded by the truth.

    and lower taxes by 20%. across the board?
    So you mean starting paying out money to people? How will that on earth help on the deficit if there is no tax income.. you do know a 20% across the board tax cut of the present system pretty much means negative tax income since the actual tax burden is at the lowest level in recent US history?

    Huge Surplus, 55%+ Reduction in the budget... economic boom....
    No surplus because of next to no tax income, so in fact massive deficit since I have no doubt you want to increase the military budget even more, and of course the security budget, since the civil unrest you are creating but gutting everything will require a "firm hand".... will that include poverty camps? And no economic boom since you cut off at least 15% of the country from an income... oh and that 15% spends more and votes more than any other part of the population.. really good plan there sherlock! And considering the amount of people who will be pushed into utter poverty with you plans, then the reality is that far more than 15% (on top of the present poor) will be pushed into poverty.

    But you did get your reduction in your budget.. just leaving in all the goodies for your defence and security related industry buddies right?

    Nah... that's crazy talk, how would democrats get votes then?
    The only crazy talk are from people like you with idiotic ideas that dont even work on paper!
    PeteEU

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    Re: Senate Democrats draft debt-reduction plan

    Quote Originally Posted by PeteEU View Post
    ¨

    SS is in surplus for decades to come and Medicaid/care costs are directly related to the private run healthcare sector. You can gut Medicaid/care as much you want but the cost rising will continue regardless.
    No, it's not, but thanks for playing.

    Social Security expenditures exceeded the program’s non-interest income in 2010 for the first time since 1983. The $49 billion deficit last year (excluding interest income) and $46 billion projected deficit in 2011 are in large part due to the weakened economy and to downward income adjustments that correct for excess payroll tax revenue credited to the trust funds in earlier years. This deficit is expected to shrink to about $20 billion for years 2012-2014 as the economy strengthens. After 2014, cash deficits are expected to grow rapidly as the number of beneficiaries continues to grow at a substantially faster rate than the number of covered workers. Through 2022, the annual cash deficits will be made up by redeeming trust fund assets from the General Fund of the Treasury. Because these redemptions will be less than interest earnings, trust fund balances will continue to grow. After 2022, trust fund assets will be redeemed in amounts that exceed interest earnings until trust fund reserves are exhausted in 2036, one year earlier than was projected last year. Thereafter, tax income would be sufficient to pay only about three-quarters of scheduled benefits through 2085.
    It's in deficit spending NOW. My source? Some hard right blog? Some wacky tea party source?
    Trustees Report Summary
    Quote Originally Posted by PeteEU View Post
    ¨
    Why not? What you are doing now is costing hundreds of billions a year in prison costs, legal costs and law enforcement costs. Considering most people in jail today are there on minor non violent drug charges, then why not? Maybe you wont have to release child rapists and murderers before time...
    I notice you ignore the legalization of prostitution. I guess you're okay with debasing women. Well the more we know about you...

    Quote Originally Posted by PeteEU View Post
    ¨
    So throw the elderly out of their homes and let them starve? Not to mention steal from a large portion of the population that has paid into SS... great plan! Get rid of the only program in government that is in surplus!!!!
    It's NOT in surplus. As I show above, you have NO TALLY, NO CLUE what you are talking about.


    Quote Originally Posted by PeteEU View Post
    ¨
    And let me guess.. let people die on streets? Or are you of the idea that every person who enters an ER needs prove proof of citizenship first and then the ability to pay? Those that cant just die right? You do realize that far from all people can afford the lack luster private healthcare plans there are out there right... people usually like to eat before paying for healthcare insurance.. You do also realize that it is exactly the private healthcare industry and the employer oriented healthcare system that is the main problem of the US right? Of course you dont, since your side gets so much money form these industries that you are blinded by the truth.
    Of course let them die in the street. Obviously that's what I'm saying!

    Quote Originally Posted by PeteEU View Post
    ¨
    So you mean starting paying out money to people? How will that on earth help on the deficit if there is no tax income.. you do know a 20% across the board tax cut of the present system pretty much means negative tax income since the actual tax burden is at the lowest level in recent US history?
    Your problem is you believe income is whatever amount of money the government decides to let people have. That's the origin of much of your erroneous thinking.

    Quote Originally Posted by PeteEU View Post
    ¨
    No surplus because of next to no tax income, so in fact massive deficit since I have no doubt you want to increase the military budget even more, and of course the security budget, since the civil unrest you are creating but gutting everything will require a "firm hand".... will that include poverty camps? And no economic boom since you cut off at least 15% of the country from an income... oh and that 15% spends more and votes more than any other part of the population.. really good plan there sherlock! And considering the amount of people who will be pushed into utter poverty with you plans, then the reality is that far more than 15% (on top of the present poor) will be pushed into poverty.
    You cut out 55% of the Federal Budget, and lower taxes by 20% (that's from current you silly silly man). Since you have proven you don't know what's going, repeat lies and base your outlook on a false premise... brings anyone honest to conclude your prognostications are equally flawed.

    Quote Originally Posted by PeteEU View Post
    ¨
    But you did get your reduction in your budget.. just leaving in all the goodies for your defence and security related industry buddies right?
    You brought this up, you made claims I never made. Good job.

    Quote Originally Posted by PeteEU View Post
    ¨
    The only crazy talk are from people like you with idiotic ideas that dont even work on paper!

    Considering you think SS is in surplus... I think we all know where the crazy talk REALLY is.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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