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Thread: IMF chief says U.S. needs blend of spending cuts, revenue raising

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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Hairytic View Post
    We have had a progressive income tax system for as long as I have been a live and longer. Over the past few decades the rich have increased their wealth because of investments the masses have made on infrastructure via the tax system. Those who benefit most from that investment should pay more. They are basically paying it forward like their parents and grandparents did before them. That is how we insure that our future generations will have an infrastructure they can thrive with. I don't see why this is such a big issue now. Insisting that the welathy class should get larger tax brakes makes no sense.
    We can not continue to be a great nation if we do not invest in our people, and our youth should have the same opportunities their parents and grandparents had, it not more opportunities. Our economy can not sustain much longer if our middle class continues to shrink. We will eventually become a nation of rich and poor and nothing in between the two.
    Show me the "infrastructure" that you presume we are spending the bulk of our our taxes on. In the massive Obama "stimulus" spending, less than 6% went to what I would call "infrastructure".
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #32
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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Taylor View Post
    Means testing is a cut. It can't be fixed without cuts.
    I don't have a problem with cuts if they are reasonable and preserves the system for future generations. What I oppose is cutting the program to the point of bankrupting it. I also don't think its a good idea to privitize it.
    When a surgeon opperates, he/she will not just pick up a scalpel and start cutting the patient up in pieces. Cuts need to be stratigic and well thought out to bring about sustainability.

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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Born Free View Post
    That's what their saying in Greece and Spain. The problem is they over-promised, same here they promised entitlements but it was never funded properly.




    Do I understand you correctly, for every dollar the government gives you to buy food, the government get back $1.40. So if that's the case, then if the government gave every person a $1,000 they get back $1,400. So under that logic we should have the strongest economy ever in US History. Obama borrowed and spent 6 trillion in just 4 yrs and will borrow and spend another 4+ trillion in the next 4 yrs for a whopping 10 trillion in just 8 yrs. Thus Obama will receive the 10 trillion back plus 4 trillion in profit.




    Maybe you can site one person in this country that has starved to death in the streets, that was not a suicide or a murder.



    We all love your generosity with other peoples money, have you forgot we are 16+ trillion in debt and under Obama we'll be over 20+ trillion in the next 4 yrs. Would it not be nice to be able to take care of every person in the world. Or do you draw the line with just illegals and US citizens. Surly you want to provide all the things you quoted to illegals here in this country. And if your willing to provide all this free stuff to illegals how about all the people in the world that have obeyed our laws that need help? Would they not come first over a person that has broke our laws?

    Let me rephrase your comment:
    Do we want to be the kind of nation that allows people of the world to be in poor health and die without medical care because they can't afford to pay for it?
    Why bring up Greece and Spain? There are plenty of other countries that have a system like ours that are thriving, like Germany. I don't see that we over promised anything. There needs to be an adjustment made to social security to compensate for the baby boomers, and when the unemployment rate goes down, it will strengthen the SS system.

    When the government issues food stamps, that money gets spent on food which provides employment for stores that provide the food and in turn provides wealth for farmers. Everyone who makes money throug the process pays income taxes which brings the revenue back to the government. Take that spending away and you will see a higher unemployment rate and farmers will need higher substadies to stay in opperation.

    Before we had food stamps, a great number of people died during the great depression and dust bowl from starvation. No one starves now because we do have food stamp programs. My point is that if you end food stamps and free or reduced lunches for children in schools, families and children will suffer. Why would we want to let that happen?

    There are many ways to address the debt probloem in this country. Cutting out vital programs that people depend on to survive isn't a good policy. I believe we must take care of our own first. You put up an irrational argument. We can't solve the worlds problems before we solve our own first. Yes, it would be nice to end suffering world wide, but we can't do that. We have to start at home and that may inspire the rest of the world to do the same. But, we can't just sit back and watch US citizens starve or go without life saving medical care. IF we do that, then we have nothing to be proud of.

  4. #34
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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Hairytic View Post
    We have had a progressive income tax system for as long as I have been a live and longer. Over the past few decades the rich have increased their wealth because of investments the masses have made on infrastructure via the tax system. Those who benefit most from that investment should pay more. They are basically paying it forward like their parents and grandparents did before them. That is how we insure that our future generations will have an infrastructure they can thrive with. I don't see why this is such a big issue now. Insisting that the welathy class should get larger tax brakes makes no sense.
    We can not continue to be a great nation if we do not invest in our people, and our youth should have the same opportunities their parents and grandparents had, it not more opportunities. Our economy can not sustain much longer if our middle class continues to shrink. We will eventually become a nation of rich and poor and nothing in between the two.
    So good, Obama wants to raise the taxes on the rich which will generate around 800 billion over ten yrs. However Obama is borrowing 1.2 trillion a yr adding to our national debt. Thus if he gets his tax hikes he will only have to borrow 1.1 trillion a yr. Now where do you suppose to get all this money to eliminate Obama's over spending of 1.1 trillion a yr, and where are you going to get the money on top of that to start paying down our debt.

    All I hear in your progressive liberal post is, if we want to be a great nation we have to invest and make everyone healthy, no one dies without the best of medical care, no poor in the streets, give as much food stamp money out to everyone because for every dollar Obama gives out he get back $1.40, increase anyone's welfare check for the same reason, big reward on increasing the number on welfare. Now I know you want to also take care of all the illegal and the rest of the world because they can't pay for the best of care. This is all "if we want to be a great nation"
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by ttwtt78640 View Post
    Show me the "infrastructure" that you presume we are spending the bulk of our our taxes on. In the massive Obama "stimulus" spending, less than 6% went to what I would call "infrastructure".
    I didn't say the bulk of taxes is spent on the infrastructure, however, that infrastructure has been provided by tax money. Businesses could not thrive like they do now if we didn't have roads, bridges, the internet and a whole host of other systems in place. The stimulus was given to the states to spend on construction projects. I'm not sure what you call "Infrastructure", I see it as everything the US government has developed and built so that the people could progress and thrive. That includes everything from electicity in all homes and phone lines to dams and highways. All these things have been provided by past generations through tax money, and it is this generations obligation to provide these things for future generations.

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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Born Free View Post
    So good, Obama wants to raise the taxes on the rich which will generate around 800 billion over ten yrs. However Obama is borrowing 1.2 trillion a yr adding to our national debt. Thus if he gets his tax hikes he will only have to borrow 1.1 trillion a yr. Now where do you suppose to get all this money to eliminate Obama's over spending of 1.1 trillion a yr, and where are you going to get the money on top of that to start paying down our debt.

    All I hear in your progressive liberal post is, if we want to be a great nation we have to invest and make everyone healthy, no one dies without the best of medical care, no poor in the streets, give as much food stamp money out to everyone because for every dollar Obama gives out he get back $1.40, increase anyone's welfare check for the same reason, big reward on increasing the number on welfare. Now I know you want to also take care of all the illegal and the rest of the world because they can't pay for the best of care. This is all "if we want to be a great nation"
    You carry this debate to a rediculous level. I guess we will have to just agree to disagree. Also, I never mentioned illegals or the US taking up the role of the world's savior.
    Have a good day.

  7. #37
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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Hairytic View Post
    Why bring up Greece and Spain? There are plenty of other countries that have a system like ours that are thriving, like Germany. I don't see that we over promised anything. There needs to be an adjustment made to social security to compensate for the baby boomers, and when the unemployment rate goes down, it will strengthen the SS system.
    If you have to make adjustments, then you over promised. And when the unemployment rate goes down, and when will that be. Our work force has greatly diminished, (less people working) when you have more people leaving the work force than are hired our work force continues to diminish in size.

    When the government issues food stamps, that money gets spent on food which provides employment for stores that provide the food and in turn provides wealth for farmers. Everyone who makes money throug the process pays income taxes which brings the revenue back to the government. Take that spending away and you will see a higher unemployment rate and farmers will need higher substadies to stay in opperation.
    That's right when the government gives out $1.00 it get a $1.40 back. Geeeee what planet are you on?

    Before we had food stamps, a great number of people died during the great depression and dust bowl from starvation. No one starves now because we do have food stamp programs. My point is that if you end food stamps and free or reduced lunches for children in schools, families and children will suffer. Why would we want to let that happen?
    Please, provide proof or evidence when a person died of starvation in this country, when it was not a suicide or murder.

    There are many ways to address the debt probloem in this country. Cutting out vital programs that people depend on to survive isn't a good policy. I believe we must take care of our own first. You put up an irrational argument. We can't solve the worlds problems before we solve our own first. Yes, it would be nice to end suffering world wide, but we can't do that. We have to start at home and that may inspire the rest of the world to do the same. But, we can't just sit back and watch US citizens starve or go without life saving medical care. IF we do that, then we have nothing to be proud of.
    Liberal BS, I already said Obama is borrowing 1.2 trillion a yr, and with his tax hikes on the rich that will generate 800 billion over ten yrs. Thus Obama will have to borrow 1.1 trillion every yr. So what are you going to cut to make up for the 1.1 trillion to balance the budget, and what are you going to cut to be able to start paying down the debt?
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Hairytic View Post
    I didn't say the bulk of taxes is spent on the infrastructure, however, that infrastructure has been provided by tax money. Businesses could not thrive like they do now if we didn't have roads, bridges, the internet and a whole host of other systems in place. The stimulus was given to the states to spend on construction projects. I'm not sure what you call "Infrastructure", I see it as everything the US government has developed and built so that the people could progress and thrive. That includes everything from electicity in all homes and phone lines to dams and highways. All these things have been provided by past generations through tax money, and it is this generations obligation to provide these things for future generations.
    If most, if not all, of that "infrastucture" already existed then what is all of this new Obama spending about? The bulk of it was to bailout unions, state/local gov'ts, "invest" in green energy and support exactly what Obama blamed Bush for doing. Yes he did!
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by Hairytic View Post
    You carry this debate to a rediculous level. I guess we will have to just agree to disagree. Also, I never mentioned illegals or the US taking up the role of the world's savior.
    Have a good day.
    Yes I see you could not answer this very basic question. I quote.

    "So good, Obama wants to raise the taxes on the rich which will generate around 800 billion over ten yrs. However Obama is borrowing 1.2 trillion a yr adding to our national debt. Thus if he gets his tax hikes he will only have to borrow 1.1 trillion a yr. Now where do you suppose to get all this money to eliminate Obama's over spending of 1.1 trillion a yr, and where are you going to get the money on top of that to start paying down our debt."

    The reason you can't answer it is because you have no clue. But the real reason is because liberals think there is no end to the money supply. What is ridiculous is you liberals have no clue how to pay for anything, except raise taxes, but the problem is that does not generate enough money to even make a dent in the 1.2 trillion a yr deficit.

    Yep another liberal with free stuff for everyone, who could care less how to pay for it.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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    Re: IMF chief says U.S. needs blend of spending cuts, revenue raising

    Quote Originally Posted by American View Post
    Spending cuts first.
    Neither needs to be first or second. Have them put on their big girl panties and do both at the same time.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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