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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 9:09:39 AM
From: tonto	3 Recommendations Read Replies (1) \| Respond to of 224862

The first step in balancing a budget is to get control of spending. The second step is to make up for revenues needed and which we do not currently generate. Currently, the discussions are based on taxing first instead of addressing the problem. The government receives a tremendous amount of money but does a very poor job of managing it and budgeting. The current problems make it clear that almost everyone will have to pay higher taxes. The politicians have harmed us greatly by doing a terrible job.

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 9:10:20 AM
From: TideGlider	2 Recommendations Read Replies (1) \| Respond to of 224862

I disagree. Far too much waste and too many federal programs and departments. I agree but you also cannot balance the budget just by cutting spending

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 9:12:42 AM
From: Sedohr Nod	4 Recommendations Respond to of 224862

When we actually get around to trying the spending cut side of the equation, be sure to let us all know....it's way over due for an attempted remedy. Even a bone through the nose wild man of Borneo can tell we are spending too much with a glance at the real numbers.

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 9:17:20 AM
From: JakeStraw	6 Recommendations Respond to of 224862

"We are spending trillions of dollars every year and nobody knows what we are doing. The executive branch doesn't know. The congressional branch doesn't know. Nobody knows," Sen. Tom Coburn, R-Okla., said in a statement. "We could save taxpayers hundreds of billions of dollars every year without cutting services."

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 9:19:36 AM
From: chartseer	4 Recommendations Respond to of 224862

The brain dead equate raising taxes with increasing revenues. Some how they completely ignore the consequences of increasing taxes a good example was their yacht tax. They reasoned the rich buy yachts therefore taxing yachts will be a good way to tax the rich and raise revenues. The yacht tax just caused a decline in the sale of yachts in the united states and created lay offs of middle class laborers who worked in the ship yards where yachts used to be built. Some how being brain dead they have completely forgotten their yacht tax episode and the revenues that were never raised nor the revenues lost from the laid off workers salaries that turned into unemployment benefits being paid instead. Being brain dead means one can never learn. citizen chartseer

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 9:21:15 AM
From: JakeStraw	2 Recommendations Read Replies (2) \| Respond to of 224862

>>I agree but you also cannot balance the budget just by cutting spending. Really..? Please provide the thread with examples to back your statement. Think you can do that Kenneth..? Remember Kenneth, there is a huge difference between opinion and fact!

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 9:51:40 AM
From: JakeStraw	2 Recommendations Respond to of 224862

Construction of new homes plummeted in April, dragged down by a major drop in apartment building. Builders broke ground on 10.6 percent fewer new homes last month from the previous month. The seasonally adjusted rate fell to 523,000 homes per year, the Commerce Department said Tuesday. That's less than half the 1.2 million homes per year that economists consider a sign of a healthy market. Single-family homes, which make up roughly 80 percent of home construction, fell about 5 percent in April. Apartment and condominium construction plunged more than 28 percent. Building permits, a gauge of future construction, fell 4 percent. The weak construction data provided further evidence that the housing industry is far from recovering, analysts said. ------------------------------------------------------------------------------------------------------------------------------ The economy cannot recover without a healthy housing market...

To: Kenneth E. Phillipps who wrote (104967)	5/17/2011 11:46:30 AM
From: grusum	3 Recommendations Read Replies (1) \| Respond to of 224862

I agree but you also cannot balance the budget just by cutting spending. There must be both an increase in taxes on most of the taxpayers and a cut in spending. kenneth, if you're spending $101,000 a year and taxing everything and everyone 100% would yield only $100,000.. do you cut spending or raise taxes to balance the budget? can you see that in this case, the ONLY way to balance the budget is to cut spending? can you see that taxes can't be more than 100%? or to put it a different way, can you see that spending zero would always yield a budget surplus, no matter what the tax rate was? your statement is just false. spending cuts do NOT need to be accompanied by higher taxes. spending cuts alone can balance any budget.

To: Kenneth E. Phillipps who wrote (104967)	5/23/2011 11:27:46 AM
From: TimF	3 Recommendations Respond to of 224862

but you also cannot balance the budget just by cutting spending False. In fact you don't even have to cut any spending. Freeze spending at today's levels and in a few years the budget will balance. Freeze it with allowances for inflation and an adjustment for population growth and it will take a bit longer but still the move to balance will be steady and strong. Even allow a little bit of growth on top of such adjustments and we don't have such a big fiscal mess. The fiscal mess exists because spending has exploded upwards and is projected to continue to grow and a strong rate.