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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

    Quote Originally Posted by dontworrybehappy View Post
    Up to now, there is a lack of liberal response to this.

    Looks like the GOP came through on it's promises and a real budget cut is in the works which will make the left look really bad because they couldn't do it.
    In my opinion, who gives a crap, someone needs to do it. Republican congress and demcratic presidents seem to be the most responsible for lowering spending in recent history. It might prove to be true again.
    Last edited by drz-400; 04-06-11 at 01:43 AM.

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

    Quote Originally Posted by Barbbtx View Post
    It's true that he shouldn't have been listened to.
    Yes, I've seen that video and similar ones before. I have no problem admitting that Frank's analysis, in hindsight, was off the mark. Yet, that video has absolutely nothing to do with my question to Hugh.

    Hugh made the claim that any attempt to reform Freddie Mac and Fannie Mae stalled because Barney Frank, apparently wielding so much power in the House of Representatives, that he alone is to blame for the Republican Party's inability to pass much needed reform. Keep in mind that the House of Representatives passed their version with a comfortable majority, but then similar legislation was unable to even make it out of Committee in the Senate. Those little details are insignificant.

    With that in mind, please answer my post this time. What did Barney Frank specifically do that caused reform to fail?

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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?
    Prosperity comes from the American People, you liberaltarian genius.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Where does all the money come from towards the cuts that paul ryan proposed, from medicaid, medicare and social security. Then of course he gives another tax cut to the wealthiest americans and corporations..
    In the end this is a tax cut for the rich and corps and will do nothing for the deficit, because whatever you take from medicare and medicaid you will pay for in a different way but still pay for the same people will still get sick and the same people will pay for their medical care.

    If they wanted my support for this they would not have given another tax cut to corporations and the rich and they would have cut other programs besides the few that they hate and want to get rid of...any working class american that supports this is nuts.
    No mention of Illegal Immigration and putting HUGE fines on those that employ them...cut ALL corporate subsidies like the absurd billions that go to the oil industry who makes record profits everytime we get the price of gas stuck up our behinds. Like always the lionshare of the cuts come from the middle class in medicare and social security. Its a numbers game and a reverse robin hood game.

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

    Quote Originally Posted by lpast View Post
    Where does all the money come from towards the cuts that paul ryan proposed, from medicaid, medicare and social security
    mostly revenues. we don't have a balanced budget for a couple of years yet (2015, i think?)

    Then of course he gives another tax cut to the wealthiest americans and corporations.
    while removing the tax loopholes that allow some of them to get away with paying nothing. GE got a refund last year, despite large profits, thanks to corporate welfare. The Ryan Budget changes that. So they pay lower rates, but now they have to pay

    In the end this is a tax cut for the rich and corps and will do nothing for the deficit
    on the contrary, lowering and flattening tax rates while reducing tax code complexity will lead to much stronger growth; which will cause the deficit to shrink as a percent of GDP, which in turn means that it shrinks as a portion of both government budgets and revenues.

    If they wanted my support for this they would not have given another tax cut to corporations and the rich and they would have cut other programs besides the few that they hate and want to get rid of...any working class american that supports this is nuts.
    or is better educated on this matter than yourself.

    No mention of Illegal Immigration and putting HUGE fines on those that employ them
    and that should come too

    cut ALL corporate subsidies
    check. one of the ways theis bill keeps revenues neutral while lowering the corporate tax rate is cutting corporate subsidies.

    Like always the lionshare of the cuts come from the middle class in medicare and social security.
    the Ryan plan has no cuts to Social Security, not a single dollar spent last year will not be spent next year. what it does is slow the growth in these two programs to a sustainable level; so that they will continue to be available to Americans, as opposed to driving us into bankruptcy.

    only a Republican could increase spending on social programs and be accused of cutting from the poor middle class.

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

    Quote Originally Posted by Spaceman_Spiff View Post
    Yes, I've seen that video and similar ones before. I have no problem admitting that Frank's analysis, in hindsight, was off the mark. Yet, that video has absolutely nothing to do with my question to Hugh.

    Hugh made the claim that any attempt to reform Freddie Mac and Fannie Mae stalled because Barney Frank, apparently wielding so much power in the House of Representatives, that he alone is to blame for the Republican Party's inability to pass much needed reform. Keep in mind that the House of Representatives passed their version with a comfortable majority, but then similar legislation was unable to even make it out of Committee in the Senate. Those little details are insignificant.

    With that in mind, please answer my post this time. What did Barney Frank specifically do that caused reform to fail?
    He managed to convince people there was no problem.
    Side note: Now he's saying he was always against getting people into their own homes that way, but that he was pushing getting them into rentals. Geez...why do people keep voting for that doofus.
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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Quote Originally Posted by cpwill View Post
    mostly revenues. we don't have a balanced budget for a couple of years yet (2015, i think?)



    while removing the tax loopholes that allow some of them to get away with paying nothing. GE got a refund last year, despite large profits, thanks to corporate welfare. The Ryan Budget changes that. So they pay lower rates, but now they have to pay



    on the contrary, lowering and flattening tax rates while reducing tax code complexity will lead to much stronger growth; which will cause the deficit to shrink as a percent of GDP, which in turn means that it shrinks as a portion of both government budgets and revenues.



    or is better educated on this matter than yourself.



    and that should come too



    check. one of the ways theis bill keeps revenues neutral while lowering the corporate tax rate is cutting corporate subsidies.



    the Ryan plan has no cuts to Social Security, not a single dollar spent last year will not be spent next year. what it does is slow the growth in these two programs to a sustainable level; so that they will continue to be available to Americans, as opposed to driving us into bankruptcy.

    only a Republican could increase spending on social programs and be accused of cutting from the poor middle class.
    THey should cut the loopholes and leave the tax rate the same, at least till were out of debt. Theres no mention of cutting subsidies or saving billions by getting troops out of many countries they shouldnt be...no mention of cutting billions in foriegn aid, no mention of punishing employers that hire illegals.
    There is cuts to social security one of which is 750 billion cut to senior meals...theres others also. I doubt ryans plan as it stands will pass gop muster in the long
    run

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

    Quote Originally Posted by danarhea View Post
    Yea, the GOP said it was going to balance the budget in Wisconsin too. So what about the budgetary items? They are still languishing in a Republican controlled Congress. What got passed? The part that attempts to bust the unions got shoved down the throats of the citizens of Wisconsin. But the budgetary items remain unpassed. Let me say that again - Unions busted down, budgetary items remain unpassed. However, Wisconsinites don't tolerate anything being shoved down their throats, unless it's cheese or beer. This ain't cheese or beer, but a law the vast majority of them do NOT support. Cheesehead Armageddon has now begun. Sucks to be a Republican in Wisconsin.

    So, in response to the OP, I will believe it when I see it. The GOP has lost all credibility with me. I just don't trust them.
    It was languishing because the Democrat Senators decided to run out and play hookey and the required quorum was not present to pass the budget bill. Since they have finally returned from their vacation, the budget bill was passed.

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

    Quote Originally Posted by lpast View Post
    THey should cut the loopholes and leave the tax rate the same, at least till were out of debt. Theres no mention of cutting subsidies or saving billions by getting troops out of many countries they shouldnt be...no mention of cutting billions in foriegn aid, no mention of punishing employers that hire illegals.
    There is cuts to social security one of which is 750 billion cut to senior meals...theres others also. I doubt ryans plan as it stands will pass gop muster in the long
    run
    Dropping the corporate tax rate to 25% will make us competitive with the the rest of the world. .
    As far as the other things that aren't in the proposal, they will come in the future. This is a good start.
    The Dems have one coming out in a week, we'll see what's in their's.
    There are no cuts to SS in Ryan's bill. None.
    Catawa is my favorite bleeding heart liberal.
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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Chappy View Post
    Oh, wow, all those poor people convinced all the rich people to give them their money and brought about the worldwide fiscal meltdown! I have somehow wandered into the conspiracy forum, haven't I? My mistake, I'll go find a reality-based forum.
    Don't be stupid...no poor people convinced the rich to give to them. Politicians, pandering to the crippled and dependent voters, did that. And their effort was ingenious...because they didn't create systems to help them get up and out of poverty...they created systems designed to KEEP them in poverty...and keep them voting democrat.

    Now...aside from government wealth redistribution programs (ie...make all parties broke), there are many wealthy folk who give of their time and money freely and on their own without needing the government to do it for them. You are a big Will Rogers fan...surely that resonates with you...

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