View Poll Results: What is more important?

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  • A balanced budget (no growth in debt)

    53 86.89%
  • Tax cuts

    8 13.11%
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Thread: Tax cuts or balance budget

  1. #101
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    Re: Tax cuts or balance budget

    Quote Originally Posted by American View Post
    How are you getting to the balanced budget?
    For the discretionary budget, the main target area should be the Department of Defense, because it has by far the most wasteful spending. The DoD has a huge number of programs that do absolutely nothing to keep us safe, and that the DoD itself doesn't want, but which some congressperson wants because they bring money to his district. We could also get rid of agriculture subsidies while we're at it due to their gross distortions of global food prices and trade balances, although they won't put much dent in the deficit.

    The real money is in entitlements. For social security, we should raise the retirement age by 2 months per year into the indefinite future. We should means-test social security so that people earning more than $200K don't collect it. We should index starting benefits to price inflation instead of wage inflation, and we should index annual increases to a more accurate measure of inflation than the CPI.

    We can rein in the costs of Medicare/Medicaid by busting the AMA monopoly on medical licensing. This creates an artificial shortage of medical professionals, which drives the costs up for everyone. We should also allow the government to negotiate the prices that it pays for drugs. The government should impose universal standards for medical documents and fund digitization efforts, since a disgustingly large fraction of each dollar of medical care goes toward paperwork. We should tax health benefits as regular income, to break the link between employment and insurance. And we can nudge people toward high-deductible plans, so that people are protected from major medical expenses but feel the costs of smaller procedures. Also, the government should pay people to get semiannual checkups (and mammograms for women). While it may sound silly for the government to pay people to do something that benefits themselves anyway, this will save money in the long run by avoiding some complicated procedures that will cost the taxpayers money.

    And we should raise taxes selectively, in the places it's least likely to cause harm. One good place to start would be to end the home mortgage interest deduction, which is a horrendous distortion of the market and detrimental to the economy as a whole. We could raise $130 billion a year by doing this. Or better yet, it could be part of an overall simplification to the tax code. We should also raise taxes a few percent on the top bracket, and raise estate taxes significantly for the wealthiest estates. As mentioned before, we can also raise revenue by taxing health benefits as income. Finally, we can increase the tax on gasoline.
    Last edited by Kandahar; 03-29-11 at 07:25 PM.
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  2. #102
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    Re: Tax cuts or balance budget

    A balanced budget, hands down. There are things we want, and we have to pay for them. I don't really care what percent of my earnings are paid in taxes. It's all going to get spent on something eventually anyway. I just care about getting what I pay for. If a public program for something like healthcare is more effectively done than the private alternative, I vote for public. I want the best deal for my buck.
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  3. #103
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    Re: Tax cuts or balance budget

    Quote Originally Posted by cpwill View Post
    it's not a cutting bill; it's just a balanced budget bill. the "how" is TBD, just the "You Must" is to be set into law.
    Oh, I understand. I tend to oppose mandated balanced budgets, since it takes away flexibility from the government. There are times when it is highly beneficial to deficit spend. Spending does benefit the economy, and so when the economy turns down, some short term spending to boost it back up is a positive. This of the situation with this recession we are recovering from: if the budget had been balanced going in, the spending done to help us get out would have been no big deal.
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  4. #104
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Kandahar View Post
    We can rein in the costs of Medicare/Medicaid by busting the AMA monopoly on medical licensing. This creates an artificial shortage of medical professionals, which drives the costs up for everyone. We should also allow the government to negotiate the prices that it pays for drugs. The government should impose universal standards for medical documents and fund digitization efforts, since a disgustingly large fraction of each dollar of medical care goes toward paperwork. We should tax health benefits as regular income, to break the link between employment and insurance. And we can nudge people toward high-deductible plans, so that people are protected from major medical expenses but feel the costs of smaller procedures. Also, the government should pay people to get semiannual checkups (and mammograms for women). While it may sound silly for the government to pay people to do something that benefits themselves anyway, this will save money in the long run by avoiding some complicated procedures that will cost the taxpayers money.
    Don't forget to allow insurance companies to compete across state lines. Also, removing the requirement that prescription drugs can only be prescribed by MDs will drastically lower medical costs. They got the market cornered.

  5. #105
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Paschendale View Post
    A balanced budget, hands down. There are things we want, and we have to pay for them. I don't really care what percent of my earnings are paid in taxes. It's all going to get spent on something eventually anyway. I just care about getting what I pay for. If a public program for something like healthcare is more effectively done than the private alternative, I vote for public. I want the best deal for my buck.
    Except Public Programs have a record of 0-11,586.......in terms of providing anything more effectively than the private alternative.
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  6. #106
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Badmutha View Post
    Except Public Programs have a record of 0-11,586.......in terms of providing anything more effectively than the private alternative.
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    I'd love to see where you're getting that number from. It kinda looks like you just made it up. Besides, a public program is more efficient by definition. A privately owned company needs to turn a profit. A public one need only break even. Given the same capital, a public program can produce a better profit. And wouldn't be motivated to try and dupe the public through advertising, since there's no personal gain in moving more product.
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  7. #107
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Redress View Post
    Oh, I understand. I tend to oppose mandated balanced budgets, since it takes away flexibility from the government.
    see, i tend to look at it more as taking away alcohol from an alcoholic.

    There are times when it is highly beneficial to deficit spend.
    and this bill allows for that, but requires larger than a simple majority to approve of it. so in emergency situations, yes; but in situations where the 51% majority party wants pork, no.

    Spending does benefit the economy
    no, it doesn't. specifically it removes capital from productive functions and funnels it into less productive functions.

    and so when the economy turns down, some short term spending to boost it back up is a positive. This of the situation with this recession we are recovering from: if the budget had been balanced going in, the spending done to help us get out would have been no big deal.
    on the contrary, had we reduced spending and tax rates while balancing the budget in response to this downturn, we would likely already be well and clear out of it; with something closer to the historical growth rates out of a recession and significantly reduced unemployment.

  8. #108
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    Re: Tax cuts or balance budget

    Quote Originally Posted by cpwill View Post
    yes that's the POINT. when you cut tax rates you boost economic growth; and you do it even more so when you reduce government spending as well.
    That's what you haven't demonstrated though. Ergo, post hoc ergo propter hoc. The economy did grow, but there is no reason to suspect that had anything to do with the tax cuts. A lot of that "growth" was in real estate, financials, etc., which ended up being pretty disasterous.

  9. #109
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Paschendale View Post
    I'd love to see where you're getting that number from. It kinda looks like you just made it up. Besides, a public program is more efficient by definition.
    Only in imaginationland.....

    Everything from the DMV to Public Sector Union Slobs represent the antithesis of efficiency........

    A privately owned company needs to turn a profit.
    .....and thus delivers a superior product and service. The private sector attains customers via Free Choice and Free Markets......the public sector relies on a monopoly of brute force to get its customers.

    A public one need only break even. Given the same capital, a public program can produce a better profit. And wouldn't be motivated to try and dupe the public through advertising, since there's no personal gain in moving more product.
    ....thus there is no reason to move any product.....or improve the product.....its why government always delivers a turd sandwhich.
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  10. #110
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    Re: Tax cuts or balance budget

    What about "states rights" though?

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