CBO Solution to Budget Crisis – Everyone Bend Over!

[ruger17hmr]

CBO Solution to Budget Crisis – Everyone Bend Over!


Holy crap, no tax deductions!


CBO Solution to Budget Crisis – Everyone Bend Over!

 

[rambone]

For once, both the Republicans and the Democrats will pay a big price if there is no deal. For the Republicans, the mandatory cuts in the Military, and for the Democrats, the mandated cuts in the rest of the budget, means there has to be a deal.

I can't believe Republicans can be held hostage by a concession that urgently needs to happen. Shrink the bloated military and end the wars. They are more worried about pleasing the Military-Industrial Complex than they are about doing what's right for their own constituents.

 

[CulpeperMM]

The U.S. Federal Government Budget:

The problem is too much spending. The Rate of growth in government spending has left the private economy in the dust.

We have to reduce government spending. They need to take expenditure levels back to Fiscal 2006 levels just to stop the exponential debt growth. Did we feel we didn't have enough government spending in 2006? We need to go back to 2000 spending levels if we are to have a chance of paying down the Debt. Paying it off in 20years (for my children's generation) will require both a reduction in spending and higher taxes. It can be done but it will take a national determination to do the right thing. Unfortunately we haven't done the right thing as a society since,well... ever.

Thomas Jefferson said that the National Debt should be paid off every 20 years, so not to burden the next generation. That has only been once, when Andrew Jackson was president. 1835.

 

[jedi]

nevermind