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. #11
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    Re: What's the best way to reduce the deficit?

    Stop spending money we don't have on things we don't need. Eliminate riders on all bills. If it's important enough to be passed, it's important enough to be put up and evaluated on it's own. Severe and permanent cuts to welfare. Get people back on their feet, forcibly if necessary. Make people be responsible. The only people who ought to be on welfare are the people who are permanently and physically unable to perform any useful work, period. Eliminate welfare for single mothers entirely. You made the problem, you deal with it.
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  2. #12
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Smeagol View Post
    I would support the Tea Party a lot more if they pushed for a constitutional amendment for replacing the income tax with a national retail sales tax and giving the POTUS the line item veto as opposed to their drive for a balanced budget amendment.

    What do you think are the best ways to eliminate the deficit?
    First balance the budget. Then make balanced budgets a contstitutional requirement. Then Increase the GDP, which will increase revenue to the IRS, ALL of which should be earmarked to pay off the debt.

    How do we increase the GDP? We stop inhibiting business growth and expansion with oppresive and burdonsome regulations and tax increases.

  3. #13
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    Re: What's the best way to reduce the deficit?

    The answer is depressingly obvious: raise taxes, cut spending, entitlement reform.

    I would be in favor of converting much of our tax system to a modified VAT (modified to make it more progressive). Military spending has to come down, federal pensions have to come down, and there should be smaller accross-the-board cuts. Social Security is fairly easy to deal with. Extend the retirement age a little, raise the payroll cutoff a little, and add a dash of means testing. Medicare is the 800 lbs gorilla. We need to cut the BS and face the fact that we have to have rationing -- particularly on out-of-control end of life care.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

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  4. #14
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    Re: What's the best way to reduce the deficit?

    It's really simple. You get the Chinese officials **** faced drunk, and while they are passed out you erase three quarters of our debt to them from their records. That would be the simplest method.

    But, if you are into remaining legal in your efforts, I have a few ideas.

    1)Lower the corporate tax- Businesses will be more productive-more personal income-more tax revenue from income taxes
    2)Remove all "dumb" subsidies- For the life of me, I do not understand why oil companies are still receiving subsidies when they are putting out record numbers
    3)Stop giving money to every country- Pakistan doesn't need our money, Saudi doesn;' need our non-oil related money, Israel doesn't need our money, we need our money
    4)Raise upper tier taxes- I'm not whining for fairness because, well this raise is far from fair. The little bit of money is just a splash in the ocean, but ripples can become waves. Every penny counts when you're in debt.
    5)Make intelligent cuts- We can't cut some things, they're just too important. But can somebody answer me why we have 47 fully functioning bases in Iraq? If you look at the map of the bases, there are several that are fairly close together. We don't need those anymore. Why do we have bases in Germany and Japan? They're their own countries and they can take care of themselves.
    6)Institute a small-moderate tariff- Nothing more than maybe 3%-7%... We can raise money and it will give American companies at least a longshot in competing with China; plus, it will bring in extra revenue
    7)Legalize Marijuana- We spend $500 Billion a year to stop Marijuana when we could probably be making double that in sales. It makes no sense why it is illegal
    8)lessen length of welfare benefits- I don't care what the unemployment number is, there are plenty of jobs to be had. It ought to take no more than 4 months to find a job and an extra 2 to get situated period. How can illegal aliens come across and get a new job everytime they come but we have an 8.something unemployment percentage? Makes no sense. I'm not even a highschool graduate and I found a job in less than 2 weeks. Quit being lazy.
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  5. #15
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by TheLastIndependent View Post
    7)Legalize Marijuana- We spend $500 Billion a year to stop Marijuana when we could probably be making double that in sales. It makes no sense why it is illegal
    We spend half a trillion dollars a years to stop marijuana? Hm. I think you've added an extra zero there champ.
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  6. #16
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    Re: What's the best way to reduce the deficit?

    Massive, global Ponzi scheme.
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  7. #17
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    Re: What's the best way to reduce the deficit?

    More Avon sales. Tell people they need makeup to look good when getting elected.

  8. #18
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Hatuey View Post
    We spend half a trillion dollars a years to stop marijuana? Hm. I think you've added an extra zero there champ.
    Woah... I did add an extra zero. Thanks for pointing that out. and it's actually less now that I have looked it up again (I was going purely off of shaky memory). It was $23.44 Billion in 2011. Either way, It's way too much


    Edit: According to the Cost Clock we have already spent over $28 B this year
    Last edited by TheLastIndependent; 07-12-12 at 08:01 PM.
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  9. #19
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Smeagol View Post
    I would support the Tea Party a lot more if they pushed for a constitutional amendment for replacing the income tax with a national retail sales tax and giving the POTUS the line item veto as opposed to their drive for a balanced budget amendment.

    What do you think are the best ways to eliminate the deficit?
    Back in the 90s a Republican run Congress gave a Democrat President the line item veto power, but then it was shot down by the Supreme Court, so unfortunately it was very short lived. I think the balanced budget amendment is a good idea, because it is always a good idea to only spend money that you have and not buy things on credit.

  10. #20
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Porchev View Post
    Back in the 90s a Republican run Congress gave a Democrat President the line item veto power, but then it was shot down by the Supreme Court, so unfortunately it was very short lived. I think the balanced budget amendment is a good idea, because it is always a good idea to only spend money that you have and not buy things on credit.
    If that were true the overwhelming majority of this country would be living in abject conditions and would be unable to do things like buy a car or get a house. Credit is a necessary evil. It's "how much" that is the question.
    Last edited by Hatuey; 07-12-12 at 08:18 PM.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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