Page 5 of 21 FirstFirst ... 3456715 ... LastLast
Results 41 to 50 of 205

Thread: Americans Blame Wasteful Government Spending for Deficit

  1. #41
    User
    Join Date
    May 2011
    Last Seen
    05-09-11 @ 04:09 PM
    Gender
    Lean
    Very Liberal
    Posts
    91

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by hazlnut View Post
    The problem with polls like this is they don't ask the obvious follow up:

    Define 'Wasteful Government Spending":

    **Farm Subsidies
    **Energy Subsidies
    **Bank Bail Outs
    **AIG Bail Out
    **Auto Bail Out
    **Tax Breaks to Business
    **Afganistan War
    **Iraq War
    **Infrastructure
    **Medicare
    **Medicaid
    **Social Security
    **Veterans Programs
    **Other Misc Entitlements
    **Science and Tech Grants
    **Education Grants
    **Govt Employee Health-Care
    **Govt Employee Travel
    **Govt Employee Salary
    **DoD Obligations/Budget
    **DoD Contracting
    There'd be my personal analysis. The ones only partially bolded have, in my experience, a degree of waste that could be improved. The fully bolded ones are riddled with waste and corruption and need to be revamped or dropped entirely.

    Added the two most prominent sources of government waste I know of - excessive operating budgets and contracting among the DoD.

    Social Security is not replacable with single-payer health care. SPHC would probably save money compared to Medicare/Medicaid, but SS is meant to address general poverty among the elderly, not just medical bills.
    Last edited by Indon; 05-03-11 at 12:48 PM. Reason: Bolding asterisks isn't particularly noticable.

  2. #42
    Sage
    Gill's Avatar
    Join Date
    Dec 2005
    Location
    The Derby City
    Last Seen
    12-08-17 @ 10:39 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    8,686

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by PeteEU View Post
    Two issues with this.

    First off, you admit that revenue has not kept up with spending, hence that is a major issue that any 1st year economics student would know. And that was exactly the complaints in the last decade over the Bush economic plan.. starting 2 wars and giving massive tax cuts to the wealthy.. it is economics 101.. you would get a freaking F for doing that in a paper.
    So, if I decide to go out and buy a Bentley, I didn't overspend, my revenues just didn't keep up with my spending habits .... right ???

    Secondly, even in 2004, the revenue was not enough to meet the spending... there was by those standard then, record deficits. So already then you had a problem.. hell you had a problem under Reagan as well, who grew your debt almost threefold.
    Newsflash.... spending has been greater than revenues under every president in the past 50 years except for a short time in the 1990s when a Republican Congress got the budget under control.

    Like it or not the last 30 years of American conservative economic theory has been an utter failure. When people on the left claimed (for partisan reasons of course) that there was a deficit, then people like Cheney and other "intellectuals" on the right said it did not matter.. jobs and economic growth mattered.... then guess what.. the left were 100% right! Now that the very same people on the right are in the opposition then suddenly the deficits matter... hypocrites.... and of course the people on the left are silent because they are in power.. also hypocrites.

    Like it or not, you will need to increase revenue and cut spending.. lets take it to primary school level for the US right (some).. seems to be a standard on Fox News these days.

    If you have outlays of 100 dollars a month but only earn 60 dollars, the you either have to cut 40 dollars of your outlays or increase your income. Now if your rent/food/utilities are alone 70 dollars (aka stuff that is damn hard to cut), then cutting the total 40 dollars is unrealistic.. unless you want to have no home or no food or no heat/water. So your only alternative is to get more income to cover what is left.... a second job for example..

    Hope that clears it up...
    No, you move to a cheaper place, eat less, and turn the lights and tv off.

    Hope that clears it up............

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  3. #43
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    12-13-17 @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Re: Americans Blame Wasteful Government Spending for Deficit

    The problem with the poll is that it isn't sufficiently detailed. What do Americans define as "wasteful spending?" If such details were known, is the spending Americans define as "wasteful" really contributing significantly to the long-term fiscal imbalances? If one goes to other polls (e.g., Poll shows Americans oppose entitlement cuts to deal with debt problem - The Washington Post) that get into a greater level of detail, one finds Americans generally opposed to cutting major entitlement programs. Yet, it is those programs, some of which are enormously popular, that are the main drivers of the nation's long-term imbalances. If there is to be the kind of sustained fiscal consolidation necessary to address those imbalances, Americans will need to understand what the main reasons for the imbalances are and, even more important, be willing to accept and support the sacrifices necessary to address those issues.

    If the Washington Post poll is representative of national sentiment, I don't believe the majority of Americans are at the stage where fiscal consolidation is sustainable. It is insufficient for Americans to say "cut spending" and, afterward, when presented with detailed choices, to counter emphatically "don't touch this program!" As a result, today's leaders will have to make courageous decisions to begin the process at a time when public understanding and support are lacking. I hope they do so as part of the debt ceiling debate, but a "punt" cannot be ruled out. Ultimately, the nation's political leaders will need to educate and persuade the public to back such a path if fiscal consolidation is to be sustained. In the longer-run, if public support cannot be fostered, that effort could be undermined e.g., new leaders who abandon the effort could be elected. That path has been taken in numerous countries that faced emerging debt crises in the past e.g., in Latin America.

    In sum, I am not impressed with that poll. It is easy for the public to advocate general unspecified spending cuts. After all, on account of the ambiguity, unspecified spending reductions entail no potential sacrifices or risks. When the public shows support for specific policy changes/spending reductions, that will be more important, as it will indicate an understanding of the problem and at least some willingness to bear the necessary sacrifices.
    Last edited by donsutherland1; 05-03-11 at 01:28 PM.

  4. #44
    Banned
    Join Date
    Oct 2009
    Last Seen
    07-23-12 @ 03:52 PM
    Gender
    Lean
    Private
    Posts
    6,763
    Blog Entries
    2

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by donsutherland1 View Post
    In sum, I am not impressed with that poll. It is easy for the public to advocate general unspecified spending cuts. After all, on account of the ambiguity, unspecified spending reductions entail no potential sacrifices or risks. When the public shows support for specific policy changes/spending reductions, that will be more important, as it will indicate an understanding of the problem and at least some willingness to bear the necessary sacrifices.
    And here I thought the ambiguity of the poll was a feature to foster good debate here on DP! ;-)

  5. #45
    Banned
    Join Date
    Oct 2009
    Last Seen
    07-23-12 @ 03:52 PM
    Gender
    Lean
    Private
    Posts
    6,763
    Blog Entries
    2

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by donsutherland1 View Post
    If one goes to other polls (e.g., Poll shows Americans oppose entitlement cuts to deal with debt problem - The Washington Post) that get into a greater level of detail, one finds Americans generally opposed to cutting major entitlement programs. Yet, it is those programs, some of which are enormously popular, that are the main drivers of the nation's long-term imbalances.
    From the link:
    The Post-ABC poll finds that 78 percent oppose cutting spending on Medicare as a way to chip away at the debt. On Medicaid — the government insurance program for the poor — 69 percent disapprove of cuts. There is also broad opposition to cuts in military spending to reduce the debt, but at somewhat lower levels (56 percent).
    Nice! So we can still cut the DEA...

  6. #46
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    12-13-17 @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by pzycho View Post
    From the link:


    Nice! So we can still cut the DEA...
    That question wasn't asked, so I can't be sure how Americans might respond. Of course, even if the DEA were eliminated, that would save less than $3 billion per year.

  7. #47
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Yesterday @ 04:49 PM
    Gender
    Lean
    Centrist
    Posts
    29,090

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Gill View Post
    So, if I decide to go out and buy a Bentley, I didn't overspend, my revenues just didn't keep up with my spending habits .... right ???
    No... you went out and gave away money you did not have.. tax cuts, and 2 wars.. your logic is flawed, not to mention quite childish.

    Newsflash.... spending has been greater than revenues under every president in the past 50 years except for a short time in the 1990s when a Republican Congress got the budget under control.
    Actually that is only partly correct. There was also surpluses under Clinton. Point is, most deficits were relatively minor until Reagan and Bush Jr. The US debt only started to explode under Reagan and especially under Bush Jr.

    No, you move to a cheaper place, eat less, and turn the lights and tv off.

    Hope that clears it up............
    So live on the street, starve and freeze to death is your solution to the problem?
    PeteEU

  8. #48
    Banned
    Join Date
    Oct 2009
    Last Seen
    07-23-12 @ 03:52 PM
    Gender
    Lean
    Private
    Posts
    6,763
    Blog Entries
    2

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by donsutherland1 View Post
    That question wasn't asked, so I can't be sure how Americans might respond. Of course, even if the DEA were eliminated, that would save less than $3 billion per year.
    Well, they should ask that question! I mean if entitlements and defense are off the table, that leaves less than 15% ($555 billion) of the federal budget left to cut...getting rid of the DEA would be a 1/2 % cut in the cuttable budget. It's a start! Going to have to cut lots of small programs, rather than a couple of big ones, it seems.

  9. #49
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Indon View Post
    SS/Medicare are in deficit but they do not add to the national debt because the programs still run a surplus and will continue to do so for a couple decades.
    vote obama, 2012!

    ss/medicare are running surpluses!

    for decades!

    Fiscal Commission Co-Chairs Simpson And Bowles Release Eye-Popping Recommendations | TPMDC

    party on, pollyanna

  10. #50
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by liblady View Post
    we cannot get ourselves out without raises taxes
    fine, tell hurryup harry to write it up and MOVE it

    it's been 700 days since the us senate itemized a budget

    why?

    in times like these

    leadership, anyone?

Page 5 of 21 FirstFirst ... 3456715 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •