Fred44 Cutting from a proposed increase is not cutting the budget. Cutting
the current spending is cutting.The Skeptical Chymist,Lower taxes is expending welfare. Half our people are exempt,--making others
pay more. Breaking those others increases dependency and gives greater control
to our politicians.May our liberal friends get what they voted
for---, but leave the rest of us alone.
, "Only 13% of US citizens earn more than $100,000 yet they pay 87% of the
nation's income tax."These people should be thank for
covering 87% of the taxes, while almost half our people are tax exempt.Those wanting the 13% to pay more, should be ashamed of themselves. Are we a
nation of beggars, and whiners?
@ Lost in DC. You are right but the Democrats don't want to know what the
realities are. According to the Tax Foundation's Scott Hodge, "Only 13%
of US citizens earn more than $100,000 yet they pay 87% of the nation's
income tax." "America is becoming divided between a shrinking group of
taxpayers who are bearing the lion's share of the costs of government and a
growing group of taxpayers who are disconnected from those costs". "Of
143 million returns filed in 2011, 41% owed nothing to the IRS, up from 25.2% in
2000". The thing that should worry Democrats is the fact that the number of
people who actually pay taxes is shrinking while those who pay no taxes is
increasing! Numbers don't lie but Democrats do!
The Skeptical Chymistthe economy was doing fine post-cuts until the barney
frank induced housing bubble collapsed. BO's own advisors told him in 2010
that the weak recovery would be damaged by letting the cuts expire then.And actually federal revenues are higher than they were previously. You cannot fill a bucket with no bottom no matter how much water you
pour in. You cannot plug the budget hole with rate increases alone.
I think people are smart enough to know that there are "serious
differences" about what needs to happen. That's not news. What the
people want is both sides to stop the posturing, stop nitpicking - Obama slowly
bringing down his proposal, and Boehner still wanting the tax cuts in place for
the rich - and start to work toward a real compromise. This is, pure and
simple, politics at its worst!
Skeptical Chymist @1104...You could not have said it better. But let me
add a note. I was an Air Force pilot at the tail end of Vietnam. I recently
visited the pilot training base (Laughlin AFB, Del Rio, TX). The young
lieutenant giving us a tour said 40% of those undergoing pilot training will be
assigned to drone squadrons. Drones are the modern-day warfare
weapon. They are cheap, do not risk a pilot's life or POW status and are
exceptionally precise. Yesterday's USAF launch of the space drone shows
the remarkable advancements in drones. They are still in the shadows, as they
remain classified. But they are already an important part of our military
muscle.The defense budget should be cut. We simply do not need any
more $6 billion huge aircraft carriers. Those are combat systems that fit WWII
and Vietnam. They are not needed today. It is time to move full speed into the
21st Century defense realm.
The income tas is lower than it has been in the past 50 years. The Bush tax
cuts were supposed to restore prosperity, remember? How's that working for
you? Are we prosperous yet? It is a fantasy that tax cuts bring prosperity -
all they did was put the government in debt. They should be raised to the
Clinton era levels without delay. Then we should cut the size of government -
specifically by reducing military expenditures. There is no reason in the world
why we need to spend as much on our military (approximately) as the rest of the
world combined. Remember what Eisenhower said: "Every gun that is made,
every warship launched, every rocket fired signifies in the final sense, a theft
from those who hunger and are not fed, those who are cold and are not clothed.
This world in arms is not spending money alone. It is spending the sweat of its
laborers, the genius of its scientists, the hopes of its children. This is not a
way of life at all in any true sense. Under the clouds of war, it is humanity
hanging on a cross of iron."
The President has offered to cut his proposed tax increase by 200 billion and is
willing to talk about changes to social security. What have the republicans
offered up in the way of compromise to get this thing moving?