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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 majora$$hole View Post
    if it's the "best in the world" how come we have 16 million illegals that just walked across?
    The military is under the control of the CIC and he hasn't sent them to the border. Don't blame the military for the failure of their CIC

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

    Quote Originally Posted by Taboon View Post
    Well, thanks for proving my point. Your tax receipt numbers were way off. From your site, which I also use a lot, that's why I was questioning your receipts by year by the way. Guess you just can't learn a lot.

    U.S. Department of Commerce. Bureau of Economic Analysis

    Federal Tax Receipts by year:
    2000 - $2.085 Billion
    2001 - $2.048 Billion
    2002 - $1.885 Billion
    2003 - $1.907 Billion
    2004 - $2.039 Billion
    2005 - $2.315 Billion
    2006 - $2.552 Billion
    2007 - $2.681 Billion
    2008 - $2.531 Billion
    2009 - $2.227 Billion

    These numbers are nowhere near where you had posted previously. And less than is expected for 2011 by the way ($2.589 Billion).

    There is no historical evidence that reduced taxes increases net revenues from tax receipts. Even a conservative foundation admits this:

    The Tax Foundation - Five Myths about the Bush Tax Cuts





    We also have to pay interest on our current debt, so you need to add another $250 Billion or so.

    So, you think Social Security, Medicaire and Medicaid should not be government programs? If so, fine, but the states will have to fund them then so federal taxes will go down but state taxes will go up, a lot if they are to be funded properly.



    That's fine, but as I proved above you are using the wrong numbers.



    What are you trying to point out here? I've said above that Medicaid outlays by the federal government are not being properly funded. So, I guess we agree.



    Again, you are reiterating my points from previous posts. The Federal government does pay into Medicaid programs, but does not have the related revenue from tax receipts to fund those payments.
    Right, the bank account of the United States Govt. is wrong, we always should believe what the WH posts. Do you realize how foolish your post is?

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

    Quote Originally Posted by Conservative View Post
    The military is under the control of the CIC and he hasn't sent them to the border. Don't blame the military for the failure of their CIC

    Posse Comitatus Act

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

    Quote Originally Posted by majora$$hole View Post
    if it's the "best in the world" how come we have 16 million illegals that just walked across?
    Because they haven't been deployed to our border.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by Conservative View Post
    Right, the bank account of the United States Govt. is wrong, we always should believe what the WH posts. Do you realize how foolish your post is?
    So, I've disproved your numbers with the site (BEA) that you provided and I look foolish? Did you even look at the BEA link I provided? Seriously?

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

    Quote Originally Posted by Taboon View Post
    So, I've disproved your numbers with the site (BEA) that you provided and I look foolish? Did you even look at the BEA link I provided? Seriously?
    You have proven nothing, the facts are that tax revenue went up AFTER the Reagan and Bush tax cuts which you cannot explain. Fact remains SS and Medicare are ON BUDGET and shouldn't be. Fact is income tax revenue is more than enough to fund the basic functions of the govt that are required by the Constitution. Never in my life have I had to work so hard to convince people like you that there is nothing wrong with keeping more of your own money and that tax revenue goes up after tax rate cuts.

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

    Quote Originally Posted by Conservative View Post
    You have proven nothing, the facts are that tax revenue went up AFTER the Reagan and Bush tax cuts which you cannot explain. Fact remains SS and Medicare are ON BUDGET and shouldn't be. Fact is income tax revenue is more than enough to fund the basic functions of the govt that are required by the Constitution. Never in my life have I had to work so hard to convince people like you that there is nothing wrong with keeping more of your own money and that tax revenue goes up after tax rate cuts.
    Tax revenue always goes up after a recession; especially if the Federal government begins engaging in massive deficit spending. Spending creates jobs, as it did during the Reagan and Bush 42 years.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Conservative View Post
    You have proven nothing, the facts are that tax revenue went up AFTER the Reagan and Bush tax cuts which you cannot explain.
    I've done so many times, its called POPULATION GROWTH.


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

    Quote Originally Posted by Conservative View Post
    You have proven nothing, the facts are that tax revenue went up AFTER the Reagan and Bush tax cuts which you cannot explain. Fact remains SS and Medicare are ON BUDGET and shouldn't be. Fact is income tax revenue is more than enough to fund the basic functions of the govt that are required by the Constitution. Never in my life have I had to work so hard to convince people like you that there is nothing wrong with keeping more of your own money and that tax revenue goes up after tax rate cuts.
    Who exactly are people like me? Are you talking about liberals in general here? One thing you just seem to not get is that my fiscal views are nowhere near liberal. I am for a balanced budget and am against only raising taxes to get us there. Actually, I think most of the deficit reduction should come from spending cuts not raising taxes, that's why I like the current proposal that has submitted to curb the deficit.
    What exactly have I not proven? That you're summary of tax receipts by year is wrong? I think I have justifiably proven that with the same source you told me yourself to use. If that's not proving something in your mind, I can't get past your partisan blinders. Oh well.
    And as far as your accusation is concerned that I have not proven that reducing taxes does not raise overall tax revenues, I wasn't trying to. I was pointing out that nobody has proven as such either way. It's nothing more than a hypothesis without fact no matter what side you are on. There is no correlating proof either way, that's the fact.
    But, I don't really think you care to hear those facts. You have your preset partisan blinders keeping in one direction that will get you to the only result you desire.

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

    Quote Originally Posted by Conservative View Post
    You have proven nothing, the facts are that tax revenue went up AFTER the Reagan and Bush tax cuts which you cannot explain. Fact remains SS and Medicare are ON BUDGET and shouldn't be. Fact is income tax revenue is more than enough to fund the basic functions of the govt that are required by the Constitution. Never in my life have I had to work so hard to convince people like you that there is nothing wrong with keeping more of your own money and that tax revenue goes up after tax rate cuts.
    here is a fact. hope it isn't wasted on you. it's basic arithmetic

    IF, as you have asserted, revenues are more than enough to fund the basic functions of government, we would not be facing an ever growing deficit

    anticipating your rebuttal, that revenues are being used to fund unConstitutional activities, i will challenge you in advance to identify which of our budgetary items have been found by the courts to be unConstitutional
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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