House Republicans Set to Unveil "The Pledge to America"

[joeydb]

Originally Posted by Riot

The country had a certain amount of income (taxes)
Our representatives decreased that income (cut taxes - twice)
At the same time, our representatives did NOT cut spending. In fact, they not only kept spending at the previous level, they increased it.
Now we are getting deeper in the hole every day.

Those tax cuts are expiring. If the majority (population-wise, people affected) of those tax cuts are extended, and a very small percentage of those tax cuts are allowed to expire, our trillion-dollar deficit will become very small, very quickly.

Yes or no, Joey? Are you in favor of that, or not? Here is something to help you decide:



And if you don't want to do the above, please list what spending you would like to cut out of our budget, (the spending that should have been cut intially, when those tax cuts were enacted during the past decade), that will result in the same huge 1/3 deficit cut, just as quickly?



No, it is not false. It has nothing at all to do with people working or any assumptions. It is simple math - increasing our income back to the levels it was, before the temporary tax cuts. Nothing else changing, with spending at the current level.

And yes, prudent budgeting ("spending cuts") is a good thing, too.

Now who has it backwards? "increasing our income back to the levels it was, before the temporary tax cuts." Our income? You mean the government's? Thats OUR MONEY. The taxpayers' money. The government does not have the right to just spend whatever they want and expect the taxpayer to bear the burden.

Your huffington post graph assumes that we will spend the same amount. We will cut taxes, and SLASH spending. The different degree there is purposeful.

What do I want to cut? Foreign aid, welfare, waste, private social security so the government will quit stealing my money. Cut everything, and add back what we need. Do a budgetary reset. And minimize taxes in the process.

The math is not simple. It's dynamic. If we reduce the profits that the employers take home, they will relocate businesses or lay people off. They will not just keep working under the same conditions. They will change those conditions to make it profitable. The employers are the ones who have control. They will either make the money they think is worth the trouble, or they will close up.

[Riot]

Now who has it backwards? "increasing our income back to the levels it was, before the temporary tax cuts." Our income? You mean the government's? Thats OUR MONEY. The taxpayers' money. The government does not have the right to just spend whatever they want and expect the taxpayer to bear the burden.

"Our" as in "we the people" who pay that money, to people we elect - WE elect - as our proxy.

Your huffington post graph

No, it is not a HP graph. That is a CBO graph. Published in many places aside from HP.

assumes that we will spend the same amount. We will cut taxes, and SLASH spending. The different degree there is purposeful.

Yes, one-third of our deficit would be quickly eliminated, with us spending the same amount.

If you continue that 700-billion tax cut (which is exactly what you want, I assume?) - please give me, not only 700-billion in spending cuts to cover your new tax cuts (renewing the expiring cuts), but additional trillions in spending cuts to try to cut the current deficit we have.

What do I want to cut? Foreign aid, welfare, waste, private social security so the government will quit stealing my money. Cut everything, and add back what we need. Do a budgetary reset. And minimize taxes in the process.

Please add up "foreign aid, welfare, waste, private social security" and get back to me with a real dollar amount estimate. It sounds pretty in abstract

The math is not simple. It's dynamic.

It appears to be "magical", too!

If we reduce the profits that the employers take home, they will relocate businesses or lay people off. They will not just keep working under the same conditions. They will change those conditions to make it profitable. The employers are the ones who have control. They will either make the money they think is worth the trouble, or they will close up.

Well, I hate to point out to you, that we've just had some years of "those profits", (as the tax cuts you want to continue have actually been in existence, and the numbers are there to see) - and during that time joblessness soared, businesses closed, and millions were laid off.

That's what you want to continue?

[joeydb]

Yeah, because increasing taxes is really the answer...

[Riot]

Originally Posted by joeydb

Yeah, because allowing temporary tax cuts made to benefit the top 1% of earners expire is really the answer...

FTFY.

Here's some data on those tax cuts:
http://www.ctj.org/pdf/allbushcut.pdf


And here's some opinion:

So How Did the Bush Tax Cuts Work Out for the Economy?
http://www.tax.com/taxcom/taxblog.ns...9?OpenDocument

I want our trillion-dollar deficit 1/3 gone, quickly and fairly painlessly in the face of this recovery. I don't want to leave that mess to our grandchildren. Whoosh - easy to do. Bam. We still have 2/3 of it left to deal with, via spending cuts and, you know, not starting wars and stuff.