View Poll Results: Which do you choose

Voters
28. You may not vote on this poll
  • Cut spending to match revenue and default on the debt

    3 10.71%
  • Cut spending to match revenue and pay the debt service from that revenue

    17 60.71%
  • Other (specify)

    8 28.57%
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Thread: If the debt ceiling is not raised...

  1. #41
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by tessaesque View Post
    Have we lost more than $4 trillion in tax revenue in 2.5 years?
    I didn't say it was, I don't know how much it is, but tax revenue is really down. Also, Obama's first year I office, was with Bush's budget.


  2. #42
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by pbrauer View Post
    I didn't say it was, I don't know how much it is, but tax revenue is really down. Also, Obama's first year I office, was with Bush's budget.
    But that has nothing to do with tax rates and everything to do with the fact that we're in a recession.

    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

  3. #43
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by Zyphlin View Post
    My personal feeling is i'd like to see the debt cieling raised along with spending cuts and to fight the battle of spending without the notion of default looming over everyones heads.

    However, sticking to the thread topic of the hypothetical that it is not raised, I'd rather significantly cut spending entire across the board...entitlements, military, infastructure services, welfare services, etc...so as to be able to pay out debt payment.
    However no cut in defense until we see a cut in welfare. When I see a "real" cut in welfare vote for by the left, then I'll believe they are sincere.
    "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)
    "Fly-over" country voted, and The Donald is now POTUS.

  4. #44
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    Re: If the debt ceiling is not raised...

    We made Wall Street (investment banks) whole. We gave them billions of dollars and they are still gleefully sitting 0n those billions. We should not be taxed for that. I don't doubt that the GOP would not support this but if we are going to raise taxes there are two areas we should do it.

    1. Tax Capital Gains the same as regular income
    2. Impose a tax on trades.

    I see TImmy saying how we need to raise taxes but yet, I don't see him suggesting we raise taxes on those he gave billions to. (his buddies)

  5. #45
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    Re: If the debt ceiling is not raised...

    We already made the mistake by bailing those guys out. Raising capital gains taxes will not justify that misstep. In fact, it would make the recovery even worse as it would decrease investment.

    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

  6. #46
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by phattonez View Post
    We already made the mistake by bailing those guys out. Raising capital gains taxes will not justify that misstep. In fact, it would make the recovery even worse as it would decrease investment.
    You seem to have missed that they are not investing it but sitting on it. I am NOT willing to pay more taxes to make up for what we paid for the sleazebags. Let's make something else clear. Creating bubbles is not "investment". That is just about all Wall Street is good at today.

    A tax on trades will not harm investments either. If you are investing in something, you aren't in-out-in-out-in-out-in-out.

  7. #47
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by 1Perry View Post
    We made Wall Street (investment banks) whole. We gave them billions of dollars and they are still gleefully sitting 0n those billions. We should not be taxed for that. I don't doubt that the GOP would not support this but if we are going to raise taxes there are two areas we should do it.

    1. Tax Capital Gains the same as regular income
    2. Impose a tax on trades.

    I see TImmy saying how we need to raise taxes but yet, I don't see him suggesting we raise taxes on those he gave billions to. (his buddies)
    I think we should add a national sales tax and close the tax loopholes. There shouldn't be any loopholes at all when it comes to taxes.
    If you strike me down, I'll become more powerful than you could possibly imagine.

  8. #48
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by DashingAmerican View Post
    I think we should add a national sales tax and close the tax loopholes. There shouldn't be any loopholes at all when it comes to taxes.
    A national sales tax would of course hit the poorest the hardest.

  9. #49
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by 1Perry View Post
    A national sales tax would of course hit the poorest the hardest.
    Depends if it exempts food, housing, and medication like most examples I've heard proposed or if it really ison everything

  10. #50
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    Re: If the debt ceiling is not raised...

    Quote Originally Posted by commonsense View Post
    Why do you lean "undisclosed"? With those comments you coulld be Bertha Lewis>

    1. Clinton's budget surplus was no where near enough to pay off the debt under his adm. There was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000.
    The debt increased under Clinton from 3.6 trillion in 91 to 5.6 trillion in 2000.
    So let me get this straight?? You are complaining because the surplus wasn't big enough?? ROFL!!! You just totally shot yourself in the foot.. When was the last time a president took offive with a budget surplus?? How much did Bush grow the deficit and the debt?? Give me a break dude!!

    President Clinton announces another record budget surplus - CNN

    The surplus was $230 billion according to this..

    PRESIDENT CLINTON: THE LARGEST BUDGET SURPLUS AND DEBT PAY-DOWN IN HISTORY

    Another one that puts it over $100 billion..

    The Budget and Deficit Under Clinton | FactCheck.org

    $200 billion here.. Seems to me you are simply wrong..

    Have a nice day..

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