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Thread: GOP 2012 budget to make $4 trillion-plus in cuts

  1. #11
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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Well they had to take big cuts out of medicaid to pay for those corporate tax cuts they want.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Interesting.

    Since when does a cut in revenue have to be paid for? Wouldn't "paying" for a cut in revenue itself be a revenuen and thus no net cut would exist?

    It's silly to claim a cut in expenses is paying for a cut in revenues, especially considering that today's budget problems are universally spending problems, not tax problems.

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    looks like they may be cutting more than 4 trillion :thumbsup:


    House Budget Committee chairman Paul Ryan (R., Wis.) previewed his much-anticipated 2012 budget proposal on Fox New Sunday, telling host Chris Wallace that his plan will “[exceed] the goals that were put out in the president’s deficit commission.” That commission, led by former Clinton chief of staff Erskine Bowles and former senator Alan Simpson (R., Wyo.) put forward recommendations — in the form of spending cuts, entitlement and tax reforms — to reduce the federal deficit by $4 trillion over the next decade...

    In addition to spending cuts, Ryan said he plans to offer spending caps (as a percentage of GDP) in order to return federal spending to historic (pre-Obama, pre-stimulus) levels.

    On taxes, Ryan said he will call for “fundamental tax reform” that lowers rates and broadens the base. “We don’t have a tax problem,” he said. “The problem with our deficit is not because Americans are taxed too little. So we’re not going to go down the path of raising taxes on people and raising taxes on the economy.”

    The budget chairman did offer a few specifics about how he intends to deal with entitlement programs: For Medicare, premium support that would allow seniors to choose from a list of private plans that would then be subsidized ; for Medicaid, Ryan will propose a system of block grants to states to allow governors greater flexibility in managing costs...

    “I find it kind of ironic that the week we’re trying to engage the president, the Democrats and the country with an honest debate about our budget, with real solutions to fix this country’s problems and prevent a debt crisis the president’s launching his reelection campaign,” he added.

    Ryan said he fully expects Democrats to throw a political tantrum over his plan. “We are we are giving them a political weapon to go against us,” he said. “But they will have to lie and demagogue to make it a weapon…Shame on them if they do that.”...


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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Deuce View Post
    Well they had to take big cuts out of medicaid to pay for those corporate tax cuts they want.
    14 trillion in debt and counting...yep...keep pretending this same mindless class warfare bull**** you wear like a french manthong is going to fix the problem...

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Mayor Snorkum View Post
    Interesting.

    Since when does a cut in revenue have to be paid for? Wouldn't "paying" for a cut in revenue itself be a revenuen and thus no net cut would exist?

    It's silly to claim a cut in expenses is paying for a cut in revenues, especially considering that today's budget problems are universally spending problems, not tax problems.
    Semantics. The point is that they also are trying to cut corporate tax rates and extend the Bush tax cuts permanently. Both of these things keep the deficit higher, so to get the numbers to look nicer they needed deeper cuts to Medicaid et. all.

    Quote Originally Posted by VanceMack View Post
    14 trillion in debt and counting...yep...keep pretending this same mindless class warfare bull**** you wear like a french manthong is going to fix the problem...
    Did they or did they not simultaneously propose deep cuts to Medicaid and cuts to corporate tax rates?

    Option 1: Cuts to Medicaid
    Option 2: Cuts to Medicaid AND cuts to corporate tax rates and extension of income tax cuts.

    Which option is going to be better for the debt?
    Last edited by Deuce; 04-04-11 at 02:46 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Quote Originally Posted by Dittohead not! View Post
    This is a perfect example of how the government plays games with big numbers.

    Four trillion over the next decade is 400b per year on average, most of it no doubt put off to the end of the decade. 400b amounts to less than a third of the current deficit. That leaves 2/3, or somewhere in the neighborhood of a trillion dollar deficit per year, or another ten trillion added to the debt over the next decade for a grand total of over $24 trillion, or $240,000 for every taxpayer.

    Cutting four trillion sounds like a big deal, but it is a long way from a balanced budget.

    And that's just a proposed cut. The actual cut is likely to be a lot less.

    We need some real leadership who is willing to tell the American Voters the truth: This government is in deep doo doo, some real sacrifices are in order, and the only way out is real spending cuts along with tax increases.
    Well its good enough for a start. If democrats have a fit for 4 trillion in the next decade, I can't imagine once we really need to make some Serious cuts...

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Deuce View Post
    Well they had to take big cuts out of medicaid to pay for those corporate tax cuts they want.
    actually medicaid continues to grow every single year under the GOP's plan. it simply becomes a block grant so that the states no longer have an incentive to jack it up as high as they possibly can, year after year.

    as for corporate tax rates; in case you haven't noticed, our current corporate tax rate is so high (the second highest in the industrialized world); that our businesses find that it is in their best interest to spend billions and billions of dollars to minimize their exposure to it - and the tax code is complex enough that they are able to.

    the answer to that question is to simplify the tax code by eliminating loopholes and incentives while lowering the tax rate so that we don't choke off business at the beginning of what is hopefully a recovery.

    America spent over $330 Billion last year just complying with the tax code. that's $330 Billion that could have gone to job creation, investment, R&D; and instead our tax rates and complex system forced us to spend it on the paperwork. that's unconscionable, and the solution is a simplified tax code marked by lower rates. that way we "pay less" while also making sure that we pay (looking at you here, GE).
    Last edited by cpwill; 04-04-11 at 07:08 PM.

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    [QUOTE=Dittohead not!;1059388329]Four trillion over the next decade is 400b per year on average, most of it no doubt put off to the end of the decade. 400b amounts to less than a third of the current deficit. That leaves 2/3, or somewhere in the neighborhood of a trillion dollar deficit per year, or another ten trillion added to the debt over the next decade for a grand total of over $24 trillion, or $240,000 for every taxpayer.[/QUOTE]
    Doubtful.

    You're basically saying the economy isn't going to rebound, and that unemployment is going to stay at present levels. In the much more likely scenario that both turn around in the next 10 years, we'll be pulling in lots more tax revenue.

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    [QUOTE=Taylor;1059390590]
    Quote Originally Posted by Dittohead not! View Post
    Four trillion over the next decade is 400b per year on average, most of it no doubt put off to the end of the decade. 400b amounts to less than a third of the current deficit. That leaves 2/3, or somewhere in the neighborhood of a trillion dollar deficit per year, or another ten trillion added to the debt over the next decade for a grand total of over $24 trillion, or $240,000 for every taxpayer.[/QUOTE]
    Doubtful.

    You're basically saying the economy isn't going to rebound, and that unemployment is going to stay at present levels. In the much more likely scenario that both turn around in the next 10 years, we'll be pulling in lots more tax revenue.
    Let's hope you're right, and that the Congress doesn't spend it faster than it comes in.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Deuce View Post
    Did they or did they not simultaneously propose deep cuts to Medicaid and cuts to corporate tax rates?

    Option 1: Cuts to Medicaid
    Option 2: Cuts to Medicaid AND cuts to corporate tax rates and extension of income tax cuts.

    Which option is going to be better for the debt?
    Federal Tax Revenue AFTER.......The Reagan Tax Cuts


    Federal Tax Revenue AFTER........The Bush Tax Cuts


    The Universal Liberal Solution of Raising Taxes has yet to be proven an answer, only a bigger problem.
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