View Poll Results: Do we have a spending or revenue problem when it comes to the debt?

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  • Spending problem

    21 55.26%
  • Revenue problem

    0 0%
  • Mostly its a spending problem and some its a revenue problem

    8 21.05%
  • Mostly its a revenue problem and some its a spending problem

    5 13.16%
  • other

    4 10.53%
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Thread: Do we have a spending or revenue problem when it comes to the debt?

  1. #21
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by cpwill View Post
    what revenue problem we have is the result of our spending problem. revenues came in reliably at around their historical average for 60 years until we dramatically increased the size of government relative to GDP. then, well, whattya know, it turns out the government doesn't tax itself quite like it taxes labor, production, and investment, and revenues fell relative to GDP.


    both our revenue and our spending problems can be solved by reducing the size and scope of government, along with some fairly basic tax reforms in the manner proposed by the Presidents' Bi Partisan Debt Reduction Commission.
    One of the reason I do not watch more tax increases because it gives the government an excuse to not make necessary cuts. Its like if your kid has a 20 dollar a week allowance and spends most of it on candy and then one day he says he needs a few extra bucks a week so he can save up for a video game, Most parents would tell their child that if they quit spending most of it on candy they can save up for that video game instead of giving that child a few extra bucks a week.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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  2. #22
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by DemonMyst View Post
    Fixed that for you.. Now your statement is accurate.. Just remember it was a democrat that left Bush a budget surplus.. It was a republican that that spent that surplus to a deficit.. Not to mention cut taxes, which did nothing..
    Yeah BJ balanced the budget and reformed Welfare.......the Republican Congress was just a showpiece huh?

    If you want people to take you seriously.. You would be wise to not look for every opportunity to bash liberals.. Especially when clearly you are wrong.. It isn't democratic spending that put us here.. It is republicans spending.. Try to remember that..[/
    70% of our budget was invented by Democrats.........and still they insist on inventing new ways of spending our money........while being unable to cut even a Cowboy Poetry Contest.

    ......you were saying?.......
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  3. #23
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by jamesrage View Post
    One of the reason I do not watch more tax increases because it gives the government an excuse to not make necessary cuts. Its like if your kid has a 20 dollar a week allowance and spends most of it on candy and then one day he says he needs a few extra bucks a week so he can save up for a video game, Most parents would tell their child that if they quit spending most of it on candy they can save up for that video game instead of giving that child a few extra bucks a week.
    I have the same feeling... i feel like the people have a lot more power in this situation to actually get the government to do their s***. I dont trust the government with things like raising the debt limit and increasing the taxes, their just going to continue what their doing because of the degree of greed be have all over the place.

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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Both. The revenue problem is mostly due to the weak state of the economy.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    It's a spending problem. We have to live within our means, that means we cannot spend more than we take in. I don't care how much or little that happens to be, we cannot spend more than that. Of course, the government can't control itself, it spends up a storm and when more money becomes available, no matter how far in debt it is, it just finds more to spend it on.

    There is no control because we, the taxpayers, don't demand it.
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  6. #26
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by JohnWOlin View Post
    That is all fine and good, however in order to keep taxes where they are now and have no yearly debt we would have to not only drastically downsize entitlement programs, we would have to drastically downsize infrastructure spending, and the military. This can be counteracted by gradually progressing the tax code, loopholes, and such.
    when you simplify the tax code you want to lower nominal rates to keep effective rates the same. everyone from paul ryan to bill clinton has come out in favor of this basic structure for growth.


    in reality, we will never collect enough taxes to pay for our entitlements. they will be slashed. the question is "how" and "will it be in a manner of our choosing, or our creditors".

  7. #27
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by cpwill View Post
    when you simplify the tax code you want to lower nominal rates to keep effective rates the same. everyone from paul ryan to bill clinton has come out in favor of this basic structure for growth.


    in reality, we will never collect enough taxes to pay for our entitlements. they will be slashed. the question is "how" and "will it be in a manner of our choosing, or our creditors".
    Nonesense if america was working there would be no revenue problem...but the pigs at the trough choose to create china our biggest threat for a few more bucks and employ communist chinese instead of americans....you made your bed sleep in it

  8. #28
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by Ikari View Post
    6 in one, half a dozen in the other. As we progress as a society and decide to enact certain legislation and benefits such as Medicare or a true universal healthcare system, you have to pay for it. On the same front, the government spends a ton of money and a lot of it goes for things which do not serve the People as a whole. It's not a Republican or Democrat problem as this has happened continuously over their decades of rule. You're not really going to solve it by say putting in all Republicans. They do the same thing.

    In the end the problem is the difference between spending and revenue; that difference will have to be made up and it's probably not all going to come at the hands of cuts.
    And this kiddies is what being honest is like. Note how rare it is here.
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  9. #29
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by mike2810 View Post
    I agree on the cut spending. The issue is how to increase revenue for those that see a need. For those that are living paycheck to paycheck an increase in taxes may push them over the edge into insolvency. I major overhaul of our tax system needs to be done and not just change the rates.
    But we also must face the ugly fact that major spending cuts will cost direct jobs and indirect jobs. Houston right now is facing large NASA layoffs. Some Florida towns are likely to economically disappear after the last Shuttle Launch. People focus on taxes as job killers but fail to recognize that cutting government spending cuts jobs. Lockheed Martin is cutting large numbers of employees because they see defense reductions coming down the line. Raising taxes and cutting spending are both going to hurt people. It's just that each party is pretending that either tax increases or spending cuts won't hurt, it's the other guy's proposal that's the pain.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #30
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    Re: Do we have a spending or revenue problem when it comes to the debt?

    Quote Originally Posted by Redress View Post
    You got the problem 100 % right. However, I think we can fix things without increasing taxes.
    Really? The deficit is set to be a trillion dollars. If we cut a trillion right out of the budget we'd STILL not be dealing with the debt. 2010 budget was $3.5 trillion. To actually cut enough to not only get us back to balanced but to generate a surplus to pay down the debt is going to likely generate a recession which will cut revenue. Which actually makes it harder to get on stable financial footing. I genuinely think we need a mix of cuts and taxes.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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