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Thread: Americans Blame Wasteful Government Spending for Deficit

  1. #61
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Indon View Post
    And then they reinstated them, which was very clever on the part of the conservatives. It's clear that, in retrospect, dropping the tax rate was a very bad idea.


    I'll accept your concession on that point now. Effective tax rates remained the same.

    From that article:
    You know what happened in 2009? Government spending as a percentage of GDP skyrocketed. Government doesn't tax itself, so of course revenue/GDP would fall.

    Also, kind of silly that conservatives excuse a law that supposedly links a major economic metric with taxes, with what is essentially the underperformance of that metric.
    What are you talking about?

    You clearly never actually looked at the linked list of List of countries by tax revenue as percentage of GDP - Wikipedia, the free encyclopedia

    Because you're wrong and in fact, Hauser's Law is very clearly not the case in practice, and is total bunk. Seriously, Brazil has massively higher tax by GDP than we do. Brazil!

    Is it so much to ask for people on the internet to do their homework on what we're talking about? I mean, it's the internet, this information is all freely available to anyone who knows how to work google a bit.
    And guess what causes the difference. Are those countries spending more as a percentage of GDP? Think that has an effect on the ratio? Either way, raising taxes to balance the budget is a horrible idea. We want growth. Higher taxes suck away capital for investment and decrease growth. There is no way around that fact.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  2. #62
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Indon View Post
    A raise in the SS payroll tax cap would easily cover SS' continued operation indefinitely.
    preposterous, pollyanna

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

    ALL FOUR hits to ss are in order if the entitlement is to SURVIVE for future generations

    a social program, especially one of such staggering scale as ss, which can't keep its fundamental promises is a failure

  3. #63
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Indon View Post
    Take a look at the items. None of them are, "We need to cut entitlements."
    get real

    barack the slasher himself bet his entire obamacare on selling the american people on the idea that his PRIME PAYFOR for this massive expansion of medicare and medicaid enrollment could be accomplished by rooting out wfa

    Obama urges healthcare reform paid for by boosting efficiencies | Healthcare IT News

    what a joke

    teddy the lion kennedy musta been awful dumb, devoting an entire career to universal health care, and yet failing to find the hundreds of billions to do it which, it turns out, were all that time buried not very deep under the sofa cushions in the green room

    the gao accounted a HALF TRILLION dollars went pfft ("most of it in 2009 to 2010 and moving forward")

    NO MORE MONEY FOR MANAGERS SO MOROSE

    meanwhile, the big 3 federal programs (as well as state pensions) will simply not exist in their present forms if fundamental reform of their budgets is not undertaken now

    it's been seven hundred and FOUR days now since the united states senate produced a budget

    why?

    hurry up, harry

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Indon View Post
    It's clear that, in retrospect, dropping the tax rate was a very bad idea.
    Obama Calls Tax-Cuts the 'Right Thing to Do'

    At Obama's side, Clinton backs tax deal - Politics - White House - msnbc.com

  5. #65
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    Re: Americans Blame Wasteful Government Spending for Deficit

    vote obama, 2012!

    brazil pays 39% of gdp in taxes!

    seeya at the polls, progressives

  6. #66
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Jetboogieman View Post
    I think we can all agree deficits and debt is bad
    You're wrong. Debt and deficits serve a purpose and can be very helpful in well-considered and reasonable financing plans.
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

  7. #67
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by pzycho View Post
    Sure people have. Those who aren't as rigid as all that say that taxes should be raised and defense spending cut. That's just great, raise taxes to hurt the recovery ...
    Tax increases will not necessarily hurt the economy. The proposed tax increases are suggested for high income taxpayers who generally aren't spending the money they would pay in taxes. Tax increases would put the money into the economy.
    Proud to be a tax and spend leftist.

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  8. #68
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by pzycho View Post
    We have a spending problem, not a revenue problem. Our spending problem is we spend twice as much a year as we can afford. Our spending problem is that the federal government represents 25% of GDP, with only 8% of employment.
    this is precisely correct. spending has exploded and deficits have skyrocketed even as revenues have climbed over the past decade. those who think we can tax our way out of this hole at all are deluding themselves.

  9. #69
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Wow. He says that tax cuts are good, and you slam him for that.

    The GOP, as we know, is surely planning major tax hikes...

  10. #70
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    Re: Americans Blame Wasteful Government Spending for Deficit

    the bowles simpson commission would claim that they are planning a small one - slightly larger than repealing the Bush tax cuts for the wealthy.

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