View Poll Results: Which is more important to you?

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  • Cutting taxes

    2 8.70%
  • Reducing the deficit

    10 43.48%
  • The thread's premise is faulty (explain)

    11 47.83%
  • Neither matter to me

    0 0%
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Thread: Tax cuts or Deficit reduction?

  1. #11
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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by cpwill View Post
    if you will note the Bowles Simpson preliminary report; it is quite possible to do both.



    they certainly seem to have a habit of doing so.

    observe:
    I thank you for your unsubstantiated and unsourced graph.
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by the makeout hobo View Post
    I thank you for your unsubstantiated and unsourced graph.
    In general, I think there's a balance (probably changing from year to year, perhaps from month to month, and possibly even from day to day) somewhere between 100% taxes and 0% taxes...

    Personally, I think we are currently past that balance point, and taxes are too high.

    Depending on multiple other factors, tax cuts can improve the economy (IMO), thereby increasing all related aspects (job numbers, average income, ect.).

    I personally think the current situation calls for spending cuts and tax cuts - but for the spending cuts to be at least slightly more, thus reducing the deficit...

    ------------

    Now, I know some claim that tax cuts will actually increase revenue...And that is possibly true, up to a point.

    That balance I mentioned earlier? If it's balanced correctly, maximum revenue is brought in...

    There, I threw some thoughts at the page, let’s see what sticks…
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  3. #13
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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by the makeout hobo View Post
    Tax cuts do not always stimulate the economy. Morever, they don't always grow the economy enough to offset their loss of revenue.
    All things being equal, tax cuts will always do better to stimulate the economy than tax increases. More often than not, the "loss of revenue" means that the government needs to spend less and live within it's means. Of course, that's often difficult when both sides spend money like it's going out of style, but that's something we the people need to control.
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  4. #14
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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by Cephus View Post
    All things being equal, tax cuts will always do better to stimulate the economy than tax increases. More often than not, the "loss of revenue" means that the government needs to spend less and live within it's means. Of course, that's often difficult when both sides spend money like it's going out of style, but that's something we the people need to control.
    My point with this poll is to figure out, between tax cuts and deficit reductions, which people see as more important. I really didn't mean for it to get bogged down like this
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by the makeout hobo View Post
    My point with this poll is to figure out, between tax cuts and deficit reductions, which people see as more important. I really didn't mean for it to get bogged down like this
    Tax cuts, atm - because I think a small tax cut will increase revenue due to improving economy.

    Deficit reduction can easily be tied to that, however, as long as the nitwits in DC don't increase spending along with the revenue increase I guesstimate-predict...

    So, really, both...
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  6. #16
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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by the makeout hobo View Post
    My point with this poll is to figure out, between tax cuts and deficit reductions, which people see as more important. I really didn't mean for it to get bogged down like this
    If I have to pick just one, then tax cuts to get the economy going. After all, with Obama spending money he doesn't have like a drunken sailor, I have no faith whatsoever that he'd actually cut spending as would be required for the other.
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  7. #17
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    Re: Tax cuts or Deficit reduction?

    False Premise, the only way to reduce the deficit is to cut spending.

    Let's put it this way, I did the math and if you eliminate Medicare, Medicaid, SCHIP, and SS and all other social spending, you could pay off the national debt in 35 years. The cuts equal approximately 60% of total spending.
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  8. #18
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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by ksu_aviator View Post
    False Premise, the only way to reduce the deficit is to cut spending.

    Let's put it this way, I did the math and if you eliminate Medicare, Medicaid, SCHIP, and SS and all other social spending, you could pay off the national debt in 35 years. The cuts equal approximately 60% of total spending.
    Not necessarily...

    IF raising taxes would generate more revenue, THEN that would be one way to reduce the deficit...

    However, IMO we've passed the point that raising taxes would increase revenue, and any tax increases at this time would decrease revenue (due to the higher taxes decentivizing [is that a word?] growth and such).

    But if we had really low (like 5%) taxes, then obviously raising them would create more revenue, and potentially reduce the deficit (if the assholes didn't try to spend even more)...
    Last edited by The Mark; 12-01-10 at 08:02 PM.
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  9. #19
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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by the makeout hobo View Post
    Republicans and conservatives have lately been championing two positions: one, that taxes need to be cut as low as possible, and that the deficit needs to be shrunk as small as possible. As I see it, by themselves the two are exclusive. Ignoring a change in spending, reducing revenue by cutting taxes means more money is borrowed and the deficit grows. So between cutting taxes and reducing the deficit, which would you say is more important?
    Cut taxes and cut spending at the same time.
    When you cut taxes revenues increase.
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  10. #20
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    Re: Tax cuts or Deficit reduction?

    Quote Originally Posted by Barbbtx View Post
    Cut taxes and cut spending at the same time.
    When you cut taxes revenues increase.
    Only too a point - if you cut taxes too far, they decrease.

    However, IMO we're nowhere near that point.
    Education.

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