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Thread: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by The Prof View Post
    1. a program that keeps its promises

    2. a program not in need of a multi trillion dollar fix
    Ok, so how do you propose paying for nearly $800 Billion in costs with less than $200 Billion in revenues?

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Taboon View Post
    Ok, so how do you propose paying for nearly $800 Billion in costs with less than $200 Billion in revenues?
    how do you not understand that cutting taxes will make up the 600 billion dollar shortfall?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by liblady View Post
    how do you not understand that cutting taxes will make up the 600 billion dollar shortfall?
    sarcasm noted

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Taboon View Post
    sarcasm noted
    i hope so.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    [QUOTE]
    Quote Originally Posted by Taboon View Post
    http://www.whitehouse.gov/sites/defa...ets/tables.pdf

    From Page 5 of the PDF (Labeled 149) Baseline Projects of Current Policy by Category

    2011 Budget Baseline Projection (which means if all things stayed the same, no policy
    Ok, first of all there isn't a 2011 budget so these are projections and as I recall Obama is President and Democrats control Congress so that budget is theirs, right?

    changes):
    Security (i.e. Defense, Intelligence, etc) - $846 Billion
    Social Security - $730 Billion
    Medicare - $492 Billion
    Medicaid - $271 Billion
    Net Interest (on debt) - $250 Billion

    Total Cost of "Sacred" Programs - $2,589 Billion

    Expected Revenues (i.e. tax receipts) for 2011 - $2,583 Billion

    So, the total cost of the "sacred" programs is a bit more than what we expect to bring in for receipts for 2011.
    Do you realize that SS is a separate tax? Medicare is separate tax? Income is a separate tax? Excise is a separate tax?

    What exactly does income taxes fund?


    This doesn't include any non-defense discretionary spending whatsoever. What does that mean?

    No NASA
    No Departments of Anything (including Justice, Labor, Education, Commerce, Interior, Veterans Affairs, Transportation, Treasury,EPA, Small Business Administration, Health and Human Services)
    No Disaster Relief (Sorry New Orleans, better not get any hurricanes going your way)
    NO ANYTHING ELSE EXCEPT THE "SACRED" PROGRAMS CAN EXIST IF WE WANT TO BALANCE THE BUDGET FOR 2011.

    Ok with that?
    As stated above, there are use taxes which I described plus the fact that most o fthe programs above have mirrored state agencies with a budget as well. We need a justice dept. We need a VA department. We don't need labor, Education, Commerce, Interior or any other on the scale they are on now, much reduced.


    So, you want to reduce taxes even further? Well, you have to start cutting into those sacred programs then because we are already $6 Billion dollars short based on expected tax receipts for next year.
    Here is the total revenue during the Bush years so tell me where the reduction in revenue is? Stop buying the rhetoric that tax cuts reduce revenue. The Bush tax rate cuts went into effect in July 2003. Where is the reduction in revenue?

    2000 3,132
    2001 3,118
    2002 2,987
    2003 3,043
    2004 3,265
    2005 3,659
    2006 3,996
    2007 4,197
    2008 4,072


    You want to increase defense even more. Well, you're going to have to increase taxes or cut even more into Medicare, Social Securtiy or Medicaid.
    If you want to increase Medicare, SS, or Medicaid more, then increase the taxes in those areas and stop spending the money in the General fund


    That's where we're at. Any questions?
    Yes, I have a question, where do you get your information and why are you ignoring the various taxes that fund most of those entitlement programs?

    Oh yeah, to answer you question. I absolutely think that spending 25% of our budget on defense is way too much. It's actually over 30% of expected tax receipts, that's even worse.

    So when you break out all the use taxes, the excise taxes, the income taxes, both corporate and personal, do you have enough money to fund the govt. you think we should have? Please explain to me why SS, Medicare are on budget. Medicaid is a state program not a federal program. Why are SS and Medicare funds being spent on programs other than SS and Medicare?

    Take each tax and tell me what they fund and how much money is generated. You will find that income taxes which are supposed to fund the necessary services of Govt. are more than enough to fund the Military budget as well as the original intent of our Founders.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Taboon View Post
    sarcasm noted
    It does appear that you really don't know what are taxes are and where they are supposed to go. Further it doesn't look like you know the role of govt.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Taboon View Post
    Ok, so how do you propose paying for nearly $800 Billion in costs with less than $200 Billion in revenues?
    you're asking ME to fix the unfixable?

    get real

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Ok, first of all there isn't a 2011 budget so these are projections and as I recall Obama is President and Democrats control Congress so that budget is theirs, right
    ?
    That's exactly why I used the baseline projections on current policy instead of the proposed budget. The baseline is what's going to happen if we keep everything the same. It's not Obama's budget, it's the current budget based on current policy for 2011.

    Do you realize that SS is a separate tax? Medicare is separate tax? Income is a separate tax? Excise is a separate tax?

    What exactly does income taxes fund?
    Umm, duh, yes of course I do. The $2,589 Billion is all receipts, not just income tax receipts.

    As stated above, there are use taxes which I described plus the fact that most o fthe programs above have mirrored state agencies with a budget as well. We need a justice dept. We need a VA department. We don't need labor, Education, Commerce, Interior or any other on the scale they are on now, much reduced.
    You want to keep justice, the Va, you gotta get more revenue or cut defense, medicare, medicaid or social security.

    Here is the total revenue during the Bush years so tell me where the reduction in revenue is? Stop buying the rhetoric that tax cuts reduce revenue. The Bush tax rate cuts went into effect in July 2003. Where is the reduction in revenue?

    2000 3,132
    2001 3,118
    2002 2,987
    2003 3,043
    2004 3,265
    2005 3,659
    2006 3,996
    2007 4,197
    2008 4,072
    Link please, not saying it's inaccurate, just want to see where this is coming from.

    If you want to increase Medicare, SS, or Medicaid more, then increase the taxes in those areas and stop spending the money in the General fund
    Off topic and I'm not really against this. It's still a tax increase which is the point I am trying to make.

    Yes, I have a question, where do you get your information and why are you ignoring the various taxes that fund most of those entitlement programs?
    As stated above and within the link provided, the estimated receipt number ($2,589 Billion) includes all tax receipts, not just income taxe receipts. It's from the White House website, not sure I can do better than that.

    So when you break out all the use taxes, the excise taxes, the income taxes, both corporate and personal, do you have enough money to fund the govt. you think we should have? Please explain to me why SS, Medicare are on budget. Medicaid is a state program not a federal program. Why are SS and Medicare funds being spent on programs other than SS and Medicare?

    Take each tax and tell me what they fund and how much money is generated. You will find that income taxes which are supposed to fund the necessary services of Govt. are more than enough to fund the Military budget as well as the original intent of our Founders.
    1st paragraph I have now answered twice.

    2nd, again, taxes will still need to be increased as a whole. Medicare is not paying for itself with payroll taxes.

    http://en.wikipedia.org/wiki/Medicaid

    Unlike Medicare, which is solely a federal program, Medicaid is a joint federal-state program. Each state operates its own Medicaid system, but this system must conform to federal guidelines in order for the state to receive matching funds and grants. The matching rate provided to states is determined using a federal matching formula (called Federal Medical Assistance Percentages), which generates payment rates that vary from state to state, depending on each state's respective per capita income.[16] The wealthiest states only receive a federal match of 50% while poorer states receive a larger match.
    Medicaid is not solely funded by the states.
    Last edited by Taboon; 11-15-10 at 06:44 PM. Reason: Added Link and quote

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Hate to break it to you but society is made up of individuals and individuals with more spendable income need less of that so called liberal help. Why are liberals so afraid of people keeping more of what they earn? You actually believe that liberal bureaucrats really care about the poor and underprivledged? If they truly cared they would solve the problem but don't.Why?
    Ever try to herd cats? We will always have the poor with us, wasn't it the apostle Paul who said that?
    You can't fix people who don't believe they are broke...
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Hate to break it to you but society is made up of individuals and individuals with more spendable income need less of that so called liberal help. Why are liberals so afraid of people keeping more of what they earn? You actually believe that liberal bureaucrats really care about the poor and underprivledged? If they truly cared they would solve the problem but don't.Why?
    At the moment, liberals are all for letting the middle class keep more of their money. That is good enough for me. I don't care one bit if the rich have to pay a little more. Mostly I don't believe that it will hurt any of them, not much anyway. I have written a few big checks to Uncle Sam. It only hurts a little, unless you obsess over it...oh, wait, you are obsessing...
    Oracle of Utah
    Truth rings hollow in empty heads.

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