View Poll Results: What is (are) the best way(s) to eliminate the deficit?

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  • A balanced budget amendment

    24 24.74%
  • A line item veto amenndment

    17 17.53%
  • replace income tx with a national retail sales tax

    10 10.31%
  • Raise taxes on the rich

    40 41.24%
  • Raise taxes on the middle-class

    7 7.22%
  • Raise taxes stealthily in the form of fees, a federal lottery, etc.

    4 4.12%
  • Nationalize oil and natural gas on federal land and get into the enegry business like Saudi Arabia

    11 11.34%
  • Cut federal spending

    66 68.04%
  • Sell services to prizate industry at a profit, privatize then tax them

    4 4.12%
  • other

    26 26.80%
Multiple Choice Poll.
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Thread: What's the best way to reduce the deficit?

  1. #91
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Karl View Post
    A cheaper widget is not necessarily a better widget. In fact, it can be worse.


    In the case of the auto industry a few decades ago, the American engineers were designing a shoddy product (to save money) while the Japanese engineers designed a quality product (at a slightly higher cost). The rest is history. Wages were not an issue.


    True, but even Jobs succumbed to the capitalist disease (as if he hadn't a long time ago, screwing Wozniak -- the brains of the operation -- here and there), recently bragging how Chinese indentured servant assembly line workers can be woken up in the middle of the night to effect last minute engineering changes.


    A widget that costs less and is of the same or higher quality will condemn the higher priced, lower quality widget to a long life on the shelf followed by a quick trip to the discount aisle.

    I drove past Rockford Illinois in the later mid 70's and saw Chrysler products parked as far as the eye could see in a lot visible from the freeway. It registered in my brain as unusual, but i didn't really make the connection between that and a failed business model.

    I do now.

  2. #92
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Karl View Post
    Do you live in that conservative universe where increasing income is a mathematical impossibility?



    I live in Indianapolis where both the City and the State have surpluses.

  3. #93
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    Re: What's the best way to reduce the deficit?

    I put other....we do not need to raise taxs...we need to plug the loopholes that allow the rich and corporations to get away with murder...we need more regulation that MAKES them keep jobs here to expand the tax base.

    We need to cut spending reasonably in a way that does not hurt large groups of people...we need reasonable entitlement reform..

    If we combine all 3 of those we would zooom right out of debt....without anyone getting hurt except for the larynxs of the far right

  4. #94
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Karl View Post
    Says who, and compared to what?


    Anybody with any sense says this and it is compared to what the feds used to spend. This link takes you to a chart that shows that Federal spending per household has about doubled since 1965 figured in constant 2012 dollars adjusted for inflation.

    This is the perfect example of an organization doing less with more. Every other organization on the planet that has implemented the use of computers has reduced payroll as a result. Not the Gubmint. They have increased their headcount and the average pay of each head.

    What's wrong with this picture?

    Federal Spending per Household Is Skyrocketing

  5. #95
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by iguanaman View Post
    The worst thing you could do to our consumer economy is to tax spending. We need to tax income NOT spent if we are to grow the economy and not shrink GDP by taking away money that people would otherwise spend. The more progressive the tax structure is the faster our economy can grow.


    Instead of taxing those who have savings, why not incent the spending by offering tax credits? If the Trillion dollars or so of the Failed Stimulus had been used as tax credits instead of a fund to pay back, pay off and prop up Obama supporters, it would have stimulated the economy. If that trillion had been used to credit back 20% of any home improvement, the private sector would have spent 5 trillion and the economy would have taken off like a raped ape.

    Pumping 6 trillion dollars into the economy in 12 months would have done something big. As it was, the Big 0 and his gang of thieves pissed away our money and our future. What he did is very nearly criminal.

    By the by, the trillion used as incentives would have been tax money and the incented 5 trillion spent by the private sector would have created commerce and that commerce would have been taxed and the trillion would have come right back.

    THAT is what a stimulus looks like. We have witnessed what a Failed Stimulus looks like.
    Last edited by code1211; 07-15-12 at 08:04 AM.

  6. #96
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by iguanaman View Post
    Why would raising taxes on the top brackets effect spending or growth even in a downturn? The wealthy spend all they want regardless of tax rates. The more we tax them the more they make anyway.



    Why do you think you have a right to take away the money that someone else has earned?

  7. #97
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by sweEt Mauritius View Post
    I agree that tax increases on the low- and middle-income would be disastrous, but why do you think raising taxes on people making hundreds of thousands of dollars a year or more would be foolish? They've had these tax rates for a decade and guess what, the "job creation" from these wealthy "job creators" hasn't materialized. Even before the recession, the economy under the Bush tax cuts for the wealthy was not booming.

    To me, cutting spending and raising taxes on the wealthy go hand-in-hand for deficit reduction. Why do you think Bill Clinton's presidency ended in huge budget surpluses? The people who can afford to pay more taxes should pay more taxes than they are now in my opinion.


    Clinton's surpluses were based on the .com revolution. When that ended, so did the boom.

    I was managing a business when the millennium turned and it was like a light switch was flipped. We had to scrap all of the budgets in about march and start over. The same was true of all of business nation wide.

  8. #98
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Luna Tick View Post
    You left something off: Tax newly legalized services. Sexual freedom should be legalized, meaning if someone wants to pay for sexual services, he should be able to. That should be regulated and taxed. If someone wants to consume marijuana or Psilocybin mushrooms for medicinal or recreational use, he should be allowed to. Again, regulate and tax it.

    I would also put a 99% tax on all corporate bribery -- I mean donations -- of political campaigns. Of course, they might just quit donating if the tax were that high. FINE WITH ME!

    There should be cuts, but not of Social Security, Medicare, food stamps, or education. We should END the war on drugs that would save money on wasted enforcement. Also give amnesty to people convicted of non-violent drug offenses and let them out of prison -- less money spend on prisons. Withdraw all troops from Afghanistan immediately -- more money saved.


    The recent debate on the definitions of words regarding availability of birth control has caused much thought. If a woman has a baby and is then to go on welfare and we all have to support her family as a result, in my mind she has refused to take responsibility for her actions and her freedom should also be curtailed.

    Should this woman be spayed like a dog to reduce the number of children we need to support for her?

    Just an idle thought in an idle minute.

  9. #99
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Luna Tick View Post
    You left something off: Tax newly legalized services. Sexual freedom should be legalized, meaning if someone wants to pay for sexual services, he should be able to. That should be regulated and taxed. If someone wants to consume marijuana or Psilocybin mushrooms for medicinal or recreational use, he should be allowed to. Again, regulate and tax it.

    I would also put a 99% tax on all corporate bribery -- I mean donations -- of political campaigns. Of course, they might just quit donating if the tax were that high. FINE WITH ME!

    There should be cuts, but not of Social Security, Medicare, food stamps, or education. We should END the war on drugs that would save money on wasted enforcement. Also give amnesty to people convicted of non-violent drug offenses and let them out of prison -- less money spend on prisons. Withdraw all troops from Afghanistan immediately -- more money saved.

    Are there any other forms of speech you would like to tax?

  10. #100
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Smeagol View Post
    What do you think are the best ways to eliminate the deficit?
    Eliminate 3/4 of the earth's human population with treatment resistant tuberculosis and small pox, put the survivors to work in the rebuilding process, continue building our military strength, and use that to coerce weaker nations.
    I love the NSA. It's like having a secret fan-base you will never see, but they're there, watching everything you write and it makes me feel all warm and fuzzy inside knowing that I may be some person's only form of unconstitutional entertainment one night.

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