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

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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Cutting spending without increasing taxes is not going to lead to prosperity, it is only going to lead to greater income inequality. Why should I get on board for a plan that will likely lead to prosperity only for the top 20% of wealthiest Americans? How often does trickle down economics have to fail before people get the point?
    Last edited by CriticalThought; 04-05-11 at 03:45 PM.

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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Quote Originally Posted by CriticalThought View Post
    Cutting spending without increasing taxes is not going to lead to prosperity, it is only going to lead to greater income inequality. Why should I get on board for a plan that will likely lead to prosperity only for the top 20% of wealthiest Americans? How often does trickle down economics have to fail before people get the point?
    That is a long time Democrat position of jealousy and attempts at demonizing those that did well for themselves. My question is why aren't you in that group that you seem to want to hate to do something to change the perception. Cutting taxes benefits all taxpayers, not just the rich. In fact the Bush tax cuts led to 47% of the income earners, all making 50k or less, not paying any Federal Income taxes. 53% then pay for all the tax revenue in this country and apparently that isn't enough for the left.

    I just don't understand liberals and why keeping more of what one earns is such a problem for liberals. Explain it to me or someone that believes in your post to do it. To call for more tax revenue indicates to me that you don't have a problem with the way the govt. is spending the revenue they get and nothing could be further from the truth IMO. Govt. waste, fraud, and abuse occurs thus as long as that happens I am for the people keeping more of what they earn.

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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Quote Originally Posted by Zyphlin View Post
    Cpwill, thanks for that quoted text. Its funny that in another thread talking about this one individual was whining about how we're giving cuts to those mean old horrible corporations and that the Republicans want to cut old peoples money while allowing Corporations to pay nothing....while in reality part of thise whole thing is actually taking out said loopholes.

    I'm anxious to see what this looks like. The sad fact is we're going to have to make some deep cuts and go through a rough patch of it; we're going to HAVE to make tough choices that many people aren't going to like because it cuts "their" thing. But we can't keep going the way we're going and I'm glad we may see someone with actual real leadership stepping up and going "I know this is hard, but it must be done". I truly hope we see cuts across the board in this, including in Defense. I'm anxiously awaiting hte full proposal
    to quote my man Mitch Daniels: I think we will be surprised to find out how much government you will never miss. I, for one, am hoping that agricultural subsidies are on the chopping block. the American government wasting our money deliberately making it harder for poor and working families to feed themselves is unconscionable.

    Quote Originally Posted by MaggieD View Post
    As soon as they unveil the program, the left will be cryin' for the chilllllldrennnnnn!!!!! They're just waiting for the bullseye to go up.
    then the Republicans have a quick and easy come-back.

    "Senator Smith says he wants to keep spending high because of the children..... but if Senator Smith is concerned about the children, then why is he so happy to mortgage their futre / enslave them to China"?

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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Quote Originally Posted by CriticalThought View Post
    Cutting spending without increasing taxes is not going to lead to prosperity
    indeed it will; both sides of that coin increase economic efficiency which increases growth which creates prosperity.

    it is only going to lead to greater income inequality. Why should I get on board for a plan that will likely lead to prosperity only for the top 20% of wealthiest Americans? How often does trickle down economics have to fail before people get the point?
    well let's see.... the last time our government responded to an economic crises by cutting spending....

    ....oh yeah. the resultant economic boom created the middle class .

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

    Quote Originally Posted by Dittohead not! View Post
    Interesting. I wonder if that means they plan to cut back Medicare reimbursements to the point that doctors won't accept Medicare patients?
    no,

    How can they justify tax cuts as a part of the plan to balance the budget
    because - like the President's Bi-Partisan debt reduction commission suggested - they are eliminating loopholes and complexity to close the gap (while ensuring that everyone pays - looking at you, here, GE). that way you can boost growth while keeping revenues neutral.

    Is this for real, or just another example of political gamesmanship? Stay tuned, folks, it's not over yet.
    no, this is just the first counteroffensive. let us see if it becomes Normandy or is doomed to be Dieppe

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

    Quote Originally Posted by cpwill View Post
    no,



    because - like the President's Bi-Partisan debt reduction commission suggested - they are eliminating loopholes and complexity to close the gap (while ensuring that everyone pays - looking at you, here, GE). that way you can boost growth while keeping revenues neutral.



    no, this is just the first counteroffensive. let us see if it becomes Normandy or is doomed to be Dieppe
    I hope you're right, but how do you know? The article says the details have yet to be disclosed, doesn't it?
    "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 PeteEU View Post
    Unemployment is a lagging indicator and the reason for the rise in un-employment is to be found in the previous administration and especially in the early 2000s and late 1990s with Republican Congress lead deregulation.
    So the economic boom under Clinton was the work of Reagan's policies and de-regulation?
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Moderator's Warning:
    GOP 2012 budget to make  trillion-plus in cutsThreads Merged.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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

    Quote Originally Posted by Hugh_Akston View Post
    So the economic boom under Clinton was the work of Reagan's policies and de-regulation?
    Maybe and maybe not, but the mortgage crisis was the work of deregulation.
    "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
    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.



    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?
    Option C, cuts across the board, whiny bitches start taking care of themselves for a change, and both sides of congress being responsible with the American taxpayers money. the simple fact is that annually we are spending about a trillion and a half MORE than we take in...and this mindless quibbling about a few billion dollars is pathetic. Now...you can tax the hell out of corporations if you want...but thats going to do...what again exactly other than driving MORE jobs overseas? Well...that and adding more money for politicians to spend.

    All that 'discretionary spending'...at what point are we going to realize that a country that is 14 trillion dollars in debt has no business spending more money that they dont have? We keep talking about this country being the richest country in the world. Horse****. On what planet does running a 14 trillion+ debt and 1.5+ annual budget deficits equate to 'wealth'?

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