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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (220843)	2/25/2005 10:44:27 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 1573262

re: When a budget is out of balance you can tackle the problem by one of three ways. You can pretend that there is no problem. You can increase revenues. You can decrease expenditures. The fairest system is to allow the people just getting into the system a chance of receiving some benefits. With no changes to the system, they will not. Pretending there is no problem is not an option. We desperately need to both increase revenue and lower spending. The only strategy I have ever seen work for voluntary tax contributions is called the Roth IRA. That effectively trades a small tax payment today for much larger future receipts forgiven. That is not a strategy that is a long term winner for government receipts. The most effective way to increase receipts is to grow the economy. Tax hikes cause tax avoidance techniques. IMO we need to cut the budget. Perhaps an across the board 20% decrease would help.