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%
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Thread: What's the best way to reduce the deficit?

  1. #21
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    Re: What's the best way to reduce the deficit?

    Quit with the tax cuts for the rich people and the immensely wealthy corporations, and stop spending so much money on making war. Then invest in infrastructure and education so that more people will be qualified for more jobs. Stop allowing corporations to ship jobs overseas (by taxing them heavily for doing so) and then we can put people into those jobs, they can earn money, and use fewer benefits and pay more in taxes. Duh.
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  2. #22
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by Hatuey View Post
    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.
    True, "how much" is actually the question. And right now the government is absolutely gone crazy with spending money it doesn't have. It is in debt up to it's eyeballs. So it needs to be reined in somehow. [About buying a car, I think a car can happen without a loan if one saved up for it, and/or worked their way up to a nice one. I haven't had car payments for many years and I am not rich by any means.]


  3. #23
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    Re: What's the best way to reduce the deficit?

    Eliminate the income tax. The feds won't be able to do nearly as much if we reduce the resources available to them.

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  4. #24
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    Re: What's the best way to reduce the deficit?

    Cut spending across the board...from military to entitlements to foreign and corporate aid to domestic luxuries...Reform the safety net to better promote and help people remove themselves from it rather than simply survive on it. Consolidate redundant government agencies, work to streamline the beuracractic processes in government, and reduce federal pensions (this is coming from a guy who likely will end up recieving one). Up the age cap on Social Security, raise the maximum tax slightly, and begin a phased rremoval of the system replacing it with private government backed non-taxable, non-touchable savings accounts. Once the economy picks up a bit and significant cuts have been made, a small across the board tax increase could be looked at. Alternatively, impliment a 2% national sales tax on retail items, the money of which goes singularly to buying down our debt which reduces the payments we need to make to our debt which increases money to fight the deficit.

    In theory I like the thought of a line item veto amendment or a balanced budget amendment that has the caveat that in cases of DECLARED War that it can be exempt. However unsure how well they'd work in practice.

  5. #25
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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?
    Reduce federal spending.That means cut off all foreign aid, closing down over sears military bases and move those troops to our borders,cutting off grants, let states control the parks, cut off NASA, consolidate agencies, cut military spending(if the Navy is spending over 20 bucks a gallon for some eco-tard fuel then obviously the military has more money than what they know what to do with,crack down on tax return fraud and see if we can other cuts.


    A balanced buget amendment would be a good idea assuming there is an exception for a national emergency like a mass weather/natural or mass nuclear disaster or war that is a direct threat to this country such as an invasion or a direct attack on in any of the US states or territories(excluding overs seas bases, embassies and anything else residing in another country) . The balanced budget should restrict spending to what the previous year's collections were(tax collections to pay off debt shall be subtracted from the previous year's total) after tax refunds were paid off. That balanced budget amendment should also include a rainy day fund amendment which shall be funded by a set percentage and shall only be used for those things in order to help alleviate the debt caused by those things. That amendment should also include prison time and a permanent ban for elected and appointed offices for politicians trying to divert money from the rainy day fund for things other than a mass weather/natural or mass nuclear disaster or war that is a direct threat to this country,unless they go through an amendment process. Now if all those things have been done and don't pay off our debt in a timely manner then there should be an amendment that raises taxes on everyone equally to pay off that debt and once that debt is paid off the tax rates decrease.
    Last edited by jamesrage; 07-13-12 at 01:19 PM.
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  6. #26
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    Re: What's the best way to reduce the deficit?

    How to eliminate the deficit? well, Quit spending more money than we have in revenues.

    How about pass a budget?

    But first we have to get some people to quit pushing the assine concept that tax cuts increase the deficit. It's obviously untrue and anyone who says it is insincere or ignorant. The only way to make a deficit is to SPEND money. Until we can all decide on that part, it's a lost cause.
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  7. #27
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    Re: What's the best way to reduce the deficit?

    Here are some steps I would take:

    -Cut foreign aide completely across the board. We can't afford to take care of ourselves must less another country.
    -End the military/industrial complex of aggressive wars.
    -Consolidate several departments within the federal government while cutting a few of them all together like Homeland Security, Education, EPA, etc.
    -Start a plan to faze out the welfare state. We couldn't end it completely over night, but initiate something where it would be cut every year until it is gone.
    -End the Bush tax cuts and repeal the Affordable Healthcare Act
    -Balance the budget every single year without exception.
    -Privatize healthcare and education
    -End the War on Drugs by making them all legal with tax regulations to turn a money sucking policy into a money making one.
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  8. #28
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    Re: What's the best way to reduce the deficit?

    Reform entitlements to bring down spending.

    Simplify the tax code and cut nominal rates to increase revenue.

  9. #29
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    Re: What's the best way to reduce the deficit?

    Steps i would take:
    1.)Raise taxes on the rich and partake in a strong progressive taxation scheme.
    2.)Close all tax loopholes
    3.)Protectionism and fair trade
    4.)Cut unnecessary spending, this includes our massive amount of defense spending
    5.)Start to close bases over seas and bring troops home
    6.)Nationalize the oil and natural gas industries
    7.)End NAFTA/get out of NAFTA
    8.)Nationalize the banking industry


  10. #30
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    Re: What's the best way to reduce the deficit?

    Quote Originally Posted by TheDemSocialist View Post
    Steps i would take:
    1.)Raise taxes on the rich and partake in a strong progressive taxation scheme.
    2.)Close all tax loopholes
    3.)Protectionism and fair trade
    4.)Cut unnecessary spending, this includes our massive amount of defense spending
    5.)Start to close bases over seas and bring troops home
    6.)Nationalize the oil and natural gas industries
    7.)End NAFTA/get out of NAFTA
    8.)Nationalize the banking industry
    No to nationalization and very little to protectionism. We really can't compete with China unless we drop all environmental and worker safety laws; there is no point in even trying really
    "The trust of the innocent is the liar's most useful tool." : Stephen King

    "Commerce with all nations, alliance with none, should be our motto." Thomas Jefferson

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