Who has a budget plan?

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  • Tekakaromatagi Dammam, Saudi Arabia
    May 5, 2012 7:31 p.m.

    I am all for increasing taxes on the wealthy. But my question to Obama is, "OK, we will raise taxes on the rich. It won't solve the problem, but it will be fair. But when we do the next thing that you need to do is to means test for social security and medicare, raise the retirement age, eliminate mortgage interest deductions for second homes and for the incremental cost for homes costing over $300,000 and for home equity loans."

    Then I would ask, "Are you going to do it?" At that point, he can either agree or we can sit and watch him squirm and try to wiggle his way around it. When he does, the thing we say is, "It is a yes or no answer, quit the song and dancing, the Democrats have been song and dancing on this for 30 years. Now you have to do something. Are you going to do it?"

  • Truthseeker SLO, CA
    May 4, 2012 6:11 p.m.

    Even Romney recognizes that we can't just cut our way to economic prosperity. But then during a debate he raised his hand pledging he wouldn't accept a 10:1, cuts:tax increases. As Governor, he raised taxes, calling them "fees.". My guess is nothing can be accomplished with the rigidity in the Republican Party, they seem allergic to any compromise as long as Obama is President. Very sad for our country.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    May 4, 2012 4:04 p.m.

    LOL, that'll be the day when Mitt Romney and President Obama talk about spending and debt, and as adults.

    The Inflation Trade is On - Bernanke Has Broken the Dollar Rally

    It may not seem like much happened yesterday, but a very important event occurred. Yesterday the dollar index breached 78.65. The reason that is significant is because 78.65 marked the intraday low of the prior daily cycle. A penetration of that level indicates that the current daily cycle has now topped in a left translated manner and a new pattern of lower lows and lower highs has begun. Any time a daily cycle tops in a left translated manner it almost always indicates that the intermediate cycle has also topped. In this case it would indicate that the intermediate dollar cycle topped on week two and should now move generally lower for the next 10-12 weeks, bottoming sometime in late June or early July, about the time Operation Twist ends.

    IN CONGRESS all the of the politicians should be jailed and tried for their crimes against this nation. How dare they put us in this financial disaster.

    Fire them all in 2012.

    Start fresh again.

  • Thoughtful Voter Spanish Fork, UT
    May 4, 2012 12:22 p.m.

    This is *precisely* the reason that Republicans like myself have been touting the superiority of Ron Paul's campaign. Unfortunately that falls on particularly deaf ears here in Utah.

    Our Federal budget won't balance unless we demand it. And -- for reasons unfathomable to me -- we're not demanding it. Senator Hatch realized this more than 30 years ago. My other two Federal representatives -- Senator Lee and Congressman Chaffetz take this much more seriously but we need to demand it of *every* Federal official.

    If this was a job interview -- and it is -- I would question why Romney isn't trying harder to meet the posted job criteria in either his publicly stated intentions or in his published campaign material. I suppose he expects that whoever is doing the hiring isn't really try to match the candidate to the job that needs to be done. And that's baffling and disappointing to me.

    Ron Paul's budget balances in three years under the worst conditions; Mitt Romney's proposed budget doesn't even balance in 10 years under the most favorable conditions (which include *not* buying unnecessary navy hardware or attacking Iran).

    We the people should expect better.

  • Eric Samuelsen Provo, UT
    May 4, 2012 10:11 a.m.

    >Liberal Ted
    The number one priority should still be stimulus. If we had full employment, we could grow our way out of this, provided we also had some moderate tax increases.
    Cut domestic spending means firing federal employees, which increases unemployment, which lowers revenues--it's counter-productive. I'd love to cut military spending, and there are cuts which make sense, but again, employed soldiers pay taxes, which increase revenues, and so on. The private sector is hiring again. Our high unemployment numbers are largely state and local employees who were fired in austerity measures.
    Republicans claim that corporate taxes are too high. How about this, then: link corporate taxes to employment. If they hire American workers, their taxes go down. It wouldn't make sense to raise corporate taxes on companies that lay people off (you'd be increasing the tax burden on companies already in trouble). So how about a 95 percent marginal tax rate for CEOs of companies that lay people off. You don't tax the company, you tax the decision makers. Layoffs are destructive; layoffs are what's hurting us.

  • Liberal Ted Salt Lake City, UT
    May 4, 2012 9:55 a.m.

    PBS had an interesting documentary on the financial crisis. One part of the series discussed how big banks in the US went over to Greece, Italy and other European nations to sell derivatives to the leaders, so they could cook their books and show less debt than what the country already has. Once the books were cooked, they were allowed into the Euro....we all know what happened after that.

    I wonder if obama is doing the same thing with our national debt. It could be any president for that matter. Are our books being cooked with the same or some other program that Greece used? For the sake of the nation $16 Trillion is too much debt, but, could you imagine if it really is $32 Trillion?

    Most of the politicians should be jailed and tried for their crimes against this nation. How dare they put us in this financial disaster. How dare people expect others to pay for their lives. How dare the government steal other peoples money to buy votes for themselves. We need to take them to court and prosecute them.

  • Liberal Ted Salt Lake City, UT
    May 4, 2012 9:50 a.m.

    @ pragmatistferlife

    Do you seriously believe the president has tried to reduce the defecit? I recall when the speaker was Pelosi controlled congress and Reid controlled the senate, that they were unable to pass a budget. obama even said we didn't need a budget. Really?! How do you balance a budget if you don't even create one? The speaker that you mention has passed several budgets, which Reid in the Senate refuse to move on. We have gone for years without a budget.

    We don't have a revenue problem. We have a spending problem.

    You could collect 100% of all of the money made in this country every year, and we still couldn't pay our liablities without borrowing. We need to cut our spending first. We need cuts to entitlement programs, cuts in defense, cuts to domestic programs, cut most of our foreign programs, cut assitance to illegals, cut back on the huge overhead that is the federal government.

    We don't need a higher tax burden, we need to spend less than what they currently bring in. And use the excess from that to actually pay down the debt.

  • pragmatistferlife salt lake city, utah
    May 4, 2012 8:00 a.m.

    There is one other difference, the President has done serious work on deficit reduction. Last year with the Speaker he did have a serious proposal that included entitlement reductions along with revenues. As I recall it was 1/3 revenues and 2/3s cuts. So the President has shown that he understands the math he just needs partners who do.

  • Roland Kayser Cottonwood Heights, UT
    May 4, 2012 12:07 a.m.

    If either candidate proposes a plan that passes the arithmetic test, that candidate will get my vote. I think I'll be basing my vote on other criteria, though, because I don't see that happening. A real plan means more taxes and less spending. Even though Americans say they want a balanced budget, very few Americans will vote for a candidate who tells the truth on this issue.