View Poll Results: Do we get out of debt by raising taxes, cutting tax breaks, AND cutting some spending

Voters
27. You may not vote on this poll
  • Yes. We must seriously tighten our belts.

    17 62.96%
  • No. (Alternate theory)

    10 37.04%
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Thread: The best way to fix our Economy?

  1. #1
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    The best way to fix our Economy?

    I think it's somewhat clear what must be done.

    We should cut tax breaks, raise taxes, and cut spending; we need to live within our means.

    We can't spend our way out of the hole.
    We can't tax our way out of the hole.
    We can't cut tax breaks to get out of the hole.

    An analogy would be that America is like a fat and unhealthy person.

    You have to not only burn calories, but also eat right and utilize your metabolism.

    Basically, we need to cut spending, tax breaks, and we need to tax. Politicians shouldn't be paid so well just to squabble and waste our time. Imo, CEOs shouldn't recieve such comically obscene bonuses; why would you even defend them? They don't know/care about you.

    Also, I believe everyone should invest in solar panels; I don't believe the lie that solar panels aren't effective enough; just make a grand amount of them and stick them on houses and buildings, etc. I'd love to see solar panels cover virtually every house/practical building.

    I think we need to be thrifty and efficient. I embody that.

    Take a bag of organic Rainier cherries; I eat them and then take the seeds. Now, I have a small nursery of cherry trees. People, imo, should have large gardens. Asparagus is incredibly convenient and worth the effort. If you have even two 6ft-long rows, you're looking at a lot of FREE delicious food. Also, typical garden-grown asparagus is highly resistant to pests and disease. Grow pear trees. Walmart's garden items are rapidly dropping in price. Cherry, pear, and apple trees are only about $18. Invest. Invest in five or so of those and you'll reap the rewards. Also, plums, paw-paw(in zones 3-5), and others also save money.

    I feel if we pull together to tighten our belts, we will see the day that America gets out of debt.

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    Re: The best way to fix our Economy?

    Yes we need to give a bloated ever growing ever reaching Massive Liberal Nanny State Government...........More of our Money........that should work.......
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    Re: The best way to fix our Economy?

    While I don't know that everyone needs to go out and plant a victory garden, I do agree that all three measures are needed.

    I think the Republicans know this, but they can't raise taxes because they've all signed Norquist's pledge. By doing so they've painted themselves into a corner. They can't do what's right for the country because they'll receive too much political heat from it.

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    Re: The best way to fix our Economy?

    Quote Originally Posted by Badmutha View Post
    Yes we need to give a bloated ever growing ever reaching Massive Liberal Nanny State Government...........More of our Money........that should work.......
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    You do realize that the taxes they're talking about raising only apply to the top 2% right?

    They're talking about putting taxes back to where they were before Bush.

    Taxes are the lowest they've been in 50 years and we're in a recession. If lower taxes lead to economic stimulus as the Republicans say, we should be in a boom.

    The so called, "job creators" create very few jobs with the tax savings and instead line their pockets.

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    Re: The best way to fix our Economy?

    Quote Originally Posted by SlackMaster View Post
    You do realize that the taxes they're talking about raising only apply to the top 2% right?

    They're talking about putting taxes back to where they were before Bush.
    So the extra 1% in revenues is going to do what?.........besides make this recession Great and come nowhere close to balancing the budget?

    Taxes are the lowest they've been in 50 years and we're in a recession. If lower taxes lead to economic stimulus as the Republicans say, we should be in a boom.
    Do you believe tax increases yield economic booms?

    The so called, "job creators" create very few jobs with the tax savings and instead line their pockets.
    Damn greedy Job Creators..........
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    Re: The best way to fix our Economy?

    Quote Originally Posted by Wake View Post
    I think it's somewhat clear what must be done.

    We should cut tax breaks, raise taxes, and cut spending; we need to live within our means.

    We can't spend our way out of the hole.
    We can't tax our way out of the hole.
    We can't cut tax breaks to get out of the hole.

    An analogy would be that America is like a fat and unhealthy person.

    You have to not only burn calories, but also eat right and utilize your metabolism.

    Basically, we need to cut spending, tax breaks, and we need to tax. Politicians shouldn't be paid so well just to squabble and waste our time. Imo, CEOs shouldn't recieve such comically obscene bonuses; why would you even defend them? They don't know/care about you.

    Also, I believe everyone should invest in solar panels; I don't believe the lie that solar panels aren't effective enough; just make a grand amount of them and stick them on houses and buildings, etc. I'd love to see solar panels cover virtually every house/practical building.

    I think we need to be thrifty and efficient. I embody that.

    Take a bag of organic Rainier cherries; I eat them and then take the seeds. Now, I have a small nursery of cherry trees. People, imo, should have large gardens. Asparagus is incredibly convenient and worth the effort. If you have even two 6ft-long rows, you're looking at a lot of FREE delicious food. Also, typical garden-grown asparagus is highly resistant to pests and disease. Grow pear trees. Walmart's garden items are rapidly dropping in price. Cherry, pear, and apple trees are only about $18. Invest. Invest in five or so of those and you'll reap the rewards. Also, plums, paw-paw(in zones 3-5), and others also save money.

    I feel if we pull together to tighten our belts, we will see the day that America gets out of debt.
    We should avoid raising rates. Any increase should be small. I am all for reducing loopholes and social engineering through taxation. We should certainly eliminate the tax breaks for ethanol. Norquist is wrong. It does not matter if it increases tax revenues if we actually cut spending. The cost of government is in what it spends and the cost of compliance. Increasing tax revenues by some small amount in order to get actual spending cuts is certainly worth it. Especially, when one considers that every loophole increases the cost of compliance by increasing the complexity of the tax law.

    We need to stop pretending social security is anything but a welfare system. By that I mean it should be means tested. Those who need help should get it. Not those who are still prospering. The idea that it was ever some sort of savings account is nonsense. That money was spent to finance past government consumption. Young people entering the job market should not be held responsible for paying back retirees for the consumption of governments that were elected and controlled by the retirees.

    We have to draw down our military presence. It is time for Europe and Japan to provide for their own defense.

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    Re: The best way to fix our Economy?

    The best way to fix the economy would be to first agree upon an economic philosophy to follow. It has been stated in these boards that the US Government has been following Keynsian Theory since 1945. So cutting taxes might be a good thing in a more traditional view of the economy, but it is detrimental to the Keynsian view.

    I think the best thing we could do, would create a much different world for maybe a few years. I think the best thing to do would be to take all the money the Government makes a year and put it to the debt, and close the Government for the remaining year. It would result in the destruction of various social programs and it would bring about a state of anarchy. But after a said amount of time, the debt would be manageable, then you could move a percentage of the income to the debt, while the rest would be used to establish programs that are needed the most.

    Then we should get rid of the private banking sector and put banking in the hands of the government. It would be best if we followed the philosophies of Thomas Jefferson and Abraham Lincoln with this.

    Then from this, we should discuss as a country how we should perceive the economy (economic philosophies).

    Once the country enters an age of prosperity, there would be enough resources and technology and knowledge to bring any resource to any person, hereby rendering the concept of money useless. We should then enact The Resource Based economy, or something similar.

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    Re: The best way to fix our Economy?

    Quote Originally Posted by Badmutha View Post
    Yes we need to give a bloated ever growing ever reaching Massive Liberal Nanny State Government...........More of our Money........that should work.......
    .
    .
    .
    .
    Here is the problem with what you are saying though, since Regan the budget has risen year over year. The only time since Regan the budget has stayed the same or has risen very little is during the Clinton years when tax rates were actually higher. What you are implying is that every single democrat that has ever been president was a liberal, and that couldn't be further from the truth. The reality of the situation is, is that Obama wants moderate Republican like cuts, even to things that Democrats defend day in and day out, and what do Republicans want to do? They want to use loopholes and tricks to let him raise the debt ceiling because they know it will destroy them in the end. So who is seriously to blame in the end of something doesn't get done? The Republican leadership, or the Democrat leadership?
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: The best way to fix our Economy?

    I answered "yes," but I don't really think it'll work anymore. It would have worked 2 years ago, but we're in too deep now, IMO. At this point, I don't think there's really a way the economy can be fixed. We're headed the same way as the Soviet Union.
    For: legalizing drugs, gay marriage, abortion, guns, universal health care, public sector jobs, nuclear power, free education, progressive taxation
    Against: corporations, make-work, the 40 hour work week, intellectual property, imperialism, "homeland security," censorship

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    Re: The best way to fix our Economy?

    Quote Originally Posted by sookster View Post
    The best way to fix the economy would be to first agree upon an economic philosophy to follow. It has been stated in these boards that the US Government has been following Keynsian Theory since 1945. So cutting taxes might be a good thing in a more traditional view of the economy, but it is detrimental to the Keynsian view.
    Keynesian economics don't work on their own, and good luck on telling everyone to follow one ideology. It's hard enough to make people agree we need to be reasonable...(as I'm sure you can see in this thread). We need to mix and match ideas of Keynesian economics with Austrian Theory, and that's where we're going to get a winning game plan.
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