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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (622263)	8/1/2011 7:02:43 PM
From: THE WATSONYOUTH	2 Recommendations Read Replies (1) of 1578978

you guys want to cap spending at 20% of GDP? Revenue is at 14.8%...what's going to make up the difference? No....the original republican offer is to cap Fed Govt spending at 18% of GDP. The Dem (Udall) proposal was for 20% of GDP. The 14.8% of current GDP revenue is based on Obama self inflicted policies. The long term revenue average looks to be around 17.5% of GDP. I would be willing to negotiate (compromise) a cap up to 19.5% spending if we for starters do the following: a complete new EXTREMELY simplified tax code which gets rid of all loop holes and broadens the base while maintaining neutral $ taxation.........a complete overhaul of EPA ....balancing the needs of the environment with the needs of business (I believe the current EPA is totally out of control and I consider myself an environmentalist).......a complete overhaul of the federal bureaucratic regulatory system which is stifling economic growth. At 19.5% of GDP...the ave. short fall would be about 2% of GDP. I believe just by doing the above will put us back into at least a moderate growth 3% regime. I think additional revenues will result.....perhaps another 1% to 18.5% of GDP. The rest (1%) or $150B can be made up by a tax increase to the rich (those earning over $1 million a year (a large compromise for me). Of course, we also need a long term fix for the entitlement programs. So now......what is your limit as to how much the Fed govt should spend as a % of GDP? Or do you have no limit?......just an open ended demand for higher and higher %s. Currently we are on a path to spend (this year) about 3.8/14.9 or 25.5% of GDP (increasing to over 30% in 5 years) .....FAR above the long term ave of about 18%. So what is your limit? What is the liberal's own self imposed limit on Federal govt. spending? Give us a number. Then tell us all how you will reach balance. My numbers drop spending to about $2.9T....a drop of $.9T....This decrease will be what the politicians will negotiate on......how to cut current programs to accomplish the decrease. I will look over the current spending distribution and give you my approach to this when I get a chance.

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