Boo Radley
DP Veteran
- Joined
- Dec 20, 2009
- Messages
- 37,066
- Reaction score
- 7,028
- Gender
- Male
- Political Leaning
- Liberal
Agreed. Pull out of both at this point and concentrate on our own problems, I get it Joe. Ok, let's say a 20% cut across the board of everything including defense, lord knows they probably have enough waste to cover that. Raise SS retirement age to 70 yrs old to be phased in for those entering the workplace now. Medicaid/Medicare is a losing proposition as it is now, problem is that other than shifting more of the cost to individual responsibility, I don't see how at this point it can remain solvent.
This is where a single payer system would help most (besides removing it from the employer, making business more competitve internationally). With a single payer system, and everyone paying premiums to one place, and not having the goverment paying for those most likely to be ill, with much less funds than available in a single payer system, we would have a better and more efficient system than we have now.
Right now my effective tax rate is about 35%, under a plan which you describe, it would jump effectively to over 43%, do you believe that at this time the economy could sustain that?
Why not? We certainly ahve before, at even a higher rate. There is little to no evidence that tax rates have any significiant effect on the econmomy. But it does provide more money to fund present programs and reduce the debt. Any serious deficit reduction effort will include spending cuts and tax increases.
I agree, it is absurd to continue to run government like we are allowing it today.
Always good to agree.