The author has mis-stated the Bloomberg article. The author states both the tax
increases and program cuts are required. The Bloomberg article states the tax
increases as one option and the cuts to federal programs as a second option. It
also offers a 3rd option as a mix of the two. Here's what the Bloomberg
article stated:"Closing the gap using taxes requires an immediate and
permanent 64 percent increase in all federal taxes. Alternatively, the U.S.
needs to cut, immediately and permanently, all federal purchases and transfer
payments, including Social Security and Medicare benefits, by 40 percent. Or it
can mix these terrible fiscal medicines...
@ Mountanman. I'm curious where you get your statistics the 1/3 of every
American is recieving some form of government welfare? What do you include in
your list of government welfare?
@ Shelama. That's because one out of every three Americans are recieving
some form of government welfare! Who do you think they will vote for?
So then what's up with Romney? He should be well ahead in the polls by now
and a slam-dunk landslide in November. Something's drastically wrong with
the Right if they can't beat Obama this year.
Merich,Hatch a non-spender? nope, but sending Howell to reinforce harry
reid as senate majority leader would be unconscionable and would further our
I think this is what you call fuzzy math. Anyone who has done this type of
projection, in this cast guessing the future of national debt, know that there
are so many assumptions in the analysis that it is not worth the paper it is
printed on. These types of stories should be printed in the tabloids where they
belong, not in respectable newspapers.
lost in DCIt sounds like you believe Orrin Hatch is a non-spender. I have
to strongly disagree with you on that one.
Merich39this might be a good time to remind everyone that harry reid has
not let a budget be voted in in over 3 years.we CAN criticize voters
in other states who re-elected spenders when we re-elect non spenders.
This might be a good time to remind everyone that it is congress, not the
President, who appropriates federal spending. It is our congress that is stuck
in partisan gridlock and is now on an extended vacation. Every member of
congress deserves to be thrown out of office. And yet, just watch in November
as Utahns re-elect every member of our delegation. We can't vote out the
reps from CA, NY or any other state. We can only vote out our own. Watch as
Utahns re-elect our reps then criticize other states for doing exactly the same.
Obama has the same financial attitude as the liberals running California into
the ground. If you see it and want it then by all means buy it. When you run
out of money increase taxes with the lie that it is to pay down the debt.The liberals have zero intention of running a balanced budget let alone
paying down the debt.