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

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

CriticalThought said:
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?
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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.
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

Zyphlin said:
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
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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.

MaggieD said:
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.
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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"?
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

CriticalThought said:
Cutting spending without increasing taxes is not going to lead to prosperity
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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?
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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 :).
 
Dittohead not! said:
Interesting. I wonder if that means they plan to cut back Medicare reimbursements to the point that doctors won't accept Medicare patients?
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no,

How can they justify tax cuts as a part of the plan to balance the budget
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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.
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no, this is just the first counteroffensive. let us see if it becomes Normandy or is doomed to be Dieppe
 
cpwill said:
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
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I hope you're right, but how do you know? The article says the details have yet to be disclosed, doesn't it?
 
PeteEU said:
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.
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So the economic boom under Clinton was the work of Reagan's policies and de-regulation?
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

Moderator's Warning:
Threads Merged.
 
Deuce said:
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?
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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'?
 
Dittohead not! said:
Maybe and maybe not, but the mortgage crisis was the work of deregulation.
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The mortgage crisis was so much more than just deregulation. It was about giving loans to people who could not afford them. And who do we have to thank for the mortgage crisis? We have Carter and Clinton. Those on the right called for more regulation over F&F because they saw this coming, but this fell on deaf ears because Barney Frank said that there was no problem.
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

Conservative said:
Typical liberal response based upon emotion and total lack of understanding on your part of what is being proposed. Suggest you read the debt commission report instead of making wild accusations on something you don't understand.
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yep...the crippled and dependent mindset is basically if they cant keep getting free handouts it is 'shifting the cost to them.' If a lot more were responsible for themselves there would be a lot less need for everyone else to provide for their asses.
 
Hugh_Akston said:
The mortgage crisis was so much more than just deregulation. It was about giving loans to people who could not afford them. And who do we have to thank for the mortgage crisis? We have Carter and Clinton. Those on the right called for more regulation over F&F because they saw this coming, but this fell on deaf ears because Barney Frank said that there was no problem.
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Yes, it was about giving loans to people who couldn't afford them, then passing those mortgages off as good investments.

"Those on the right" called for more regulation? When does that ever happen? It seems to me that there is a lot more blame to go around than just targeting the "other" party. This was a bipartisan failure.
 
Hugh_Akston said:
The mortgage crisis was so much more than just deregulation. It was about giving loans to people who could not afford them. And who do we have to thank for the mortgage crisis? We have Carter and Clinton. Those on the right called for more regulation over F&F because they saw this coming, but this fell on deaf ears because Barney Frank said that there was no problem.
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What did Barney Frank do as a member of the minority party that led to the Republicans not being able to get a single bill passed when they had decent sized majorities in both chambers of Congress?

It was more a failure of Republican leadership in both the White House and Congress that caused any efforts at reform to fail than anything Barney Frank may have done.
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

CriticalThought said:
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?
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He's cutting out all the loopholes and tax deductions for corporations and the wealthy. No more deducting machinery and things because of depreciation etc. Sounds like a plan. He is dropping the corp. tax from 35 to 25 to make us competitive with the rest of the world.
Also his plan is not going to effect anyone who is 55 or over as far as medicare, SS goes.
I've been listening to the media. They didn't even wait to read the bill before they started in on how it was going to hurt old people and only help the rich. No surprise there. They'll be lying all the way to 2012.
The Dems are coming out with their own bill soon. I wonder what that will look like besides raising taxes on everyone and cutting nothing?
 
Spaceman_Spiff said:
What did Barney Frank do as a member of the minority party that led to the Republicans not being able to get a single bill passed when they had decent sized majorities in both chambers of Congress?

It was more a failure of Republican leadership in both the White House and Congress that caused any efforts at reform to fail than anything Barney Frank may have done.
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It's true that he shouldn't have been listened to.:lamo :lamo
 
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.
 
Chappy said:
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.
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Great comeback - thanks for playing!

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

Zyphlin said:
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
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Which loopholes?
 
Dittohead not! said:
Yes, it was about giving loans to people who couldn't afford them, then passing those mortgages off as good investments.

"Those on the right" called for more regulation? When does that ever happen? It seems to me that there is a lot more blame to go around than just targeting the "other" party. This was a bipartisan failure.
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it actually did happen in this case; mind you, the reaction was also a bipartisan rejection
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

dontworrybehappy said:
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.
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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.
 
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Barbbtx said:
It's true that he shouldn't have been listened to.:lamo :lamo
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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?
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

CriticalThought said:
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?
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Prosperity comes from the American People, you liberaltarian genius.
 
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.
 
Re: US Republican budget plan would cut $5.8 trln in 10 yrs

lpast said:
Where does all the money come from towards the cuts that paul ryan proposed, from medicaid, medicare and social security
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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.
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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
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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.
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or is better educated on this matter than yourself.

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

cut ALL corporate subsidies
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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.
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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.

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