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Thread: Americans Blame Wasteful Government Spending for Deficit

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by digsbe View Post
    We can't increase taxes and shouldn't increase taxes to accommodate for wasteful spending. The problem is the spending, not the revenue.
    You're wrong.

    We have a revenue problem not a spending problem.
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by cpwill View Post
    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.
    What hole would that be? A deficit of any size or a deficit of a size you can demogogue?
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    Re: Americans Blame Wasteful Government Spending for Deficit

    there's not enough money in the galaxy to make our big 3 federal programs and state pensions whole

    if something isn't done imminently to reform em, they won't be there for future generations

    get real

    meanwhile, harry sits

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Joe Steel View Post
    You're wrong.

    We have a revenue problem not a spending problem.
    on the contrary. we have no prayer whatsoever of ever having enough revenue to meet our spending. if we were to confiscate 100% of income earned by everyone making $100K and over, we would still not have enough to solve this years' deficit; to say nothing of the coming explosion in the liabilities. all such a confiscation program would do would be to wreck the economy.

    What hole would that be? A deficit of any size or a deficit of a size you can demogogue?
    any deficit by it's nature is a hole. however, the hole I am talking about is the roughly $130 trillion that this country has promised to pay..... that we don't have. that is about twice the current worth of the world.

    that hole.

    so, if someone tells you it can be solved by repealing the bush tax cuts for the rich - with the paltry best-case-scenario $80bn it would bring in..... then they are either lying to you, or they are an idiot.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by rocket88 View Post
    He says that tax cuts are good, and you slam him for that.
    posting a link and making no comment is slamming someone?

    LOL!

    grow up

    the point is---taxes are OFF THE TABLE

    the slasher SURRENDERED

    it happened during LAME DUCK

    he had FIFTY NINE senators and TWO HUNDRED AND FIFTY FIVE in the house

    have you met mr cuomo?

    Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely

    mr moonbeam?

    Jerry Brown Signs $10 Billion Budget Cuts

    Jerry Brown Abandons Ballot Initiative For Taxes | The Weekly News Roundup | East Bay Express

    there's your table, deal with it

  6. #76
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Joe Steel View Post
    You're wrong.

    We have a revenue problem not a spending problem.
    How do you justify that? Obama has increased spending exponentially to a point that taxation cannot sustain it. We have a spending problem, the government spends too much and taxing citizens to feed a bad government habit will only hurt the nation. We have a spending problem, not a revenue problem.
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by cpwill View Post
    on the contrary. we have no prayer whatsoever of ever having enough revenue to meet our spending. if we were to confiscate 100% of income earned by everyone making $100K and over, we would still not have
    First of all, I'd like to see your numbers.

    Secondly, who said anything about doing it all in one year? I'm proposing long-term changes.
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  8. #78
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by digsbe View Post
    How do you justify that? Obama has increased spending exponentially to a point that taxation cannot sustain it. We have a spending problem, the government spends too much and taxing citizens to feed a bad government habit will only hurt the nation. We have a spending problem, not a revenue problem.
    In fact, the deficit results primarily from Bush's tax cuts, Bush's unfunded wars and Bush's recession. Don't blame the deficit on Obama.
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Joe Steel View Post
    In fact, the deficit results primarily from Bush's tax cuts, Bush's unfunded wars and Bush's recession. Don't blame the deficit on Obama.
    No, it results from Obama's spending. Bush ran a deficit due to his war spending and the bail outs. Obama is running an astronomically higher deficit due to increased and dangerous spending levels. Obama isn't the only one who ran up a deficit, but he's the primary one doing so.
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by pzycho View Post
    Americans Blame Wasteful Government Spending for Deficit

    Well, isn't this interesting. All you ultra-liberals out there that want to raise taxes and hurt the economic recovery, take careful note. This should help make the debt ceiling debate vigorous.

    That poll says nothing, you do know that right? Its not specificity enough. Liberal voted its that its spending too much on programs as well. You know why? Its because programs include tax subsides, tax loop holes, defense spending, warfare spending, etc.

    The problem is much more complex than what that poll may lead you to think.

    Personally, I thin its both a revenue problem and a spending problem. When companies and individuals pay nothing in taxes what else is there to think?


    Quote Originally Posted by digsbe View Post
    No, it results from Obama's spending. Bush ran a deficit due to his war spending and the bail outs. Obama is running an astronomically higher deficit due to increased and dangerous spending levels. Obama isn't the only one who ran up a deficit, but he's the primary one doing so.
    I don't know where, but I remember seeing a graph that show the comparison of Bush debt and Obama debt that included the wars and the Bush spending increases (taking the 2009 budget and giving it to bush) The difference between the two isn't as large as you would think when you do it that way

    Yea, your graph is misleading because it doesn't include 2009 as a "bush year" since the fed budget of 2009 was passed under Bush.
    Last edited by xpiher; 05-03-11 at 10:32 PM.

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