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Old 04-29-2012, 08:57   #1
Ruble Noon
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United States Budget Dilemma

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Old 04-29-2012, 10:35   #2
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A message that will be completely lost on the half of the voters for 'gimmee' .....

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They'd created a vast, permanently unemployed underclass, dependent upon the Republic's stupendous welfare machine for its very existence, and in so doing, they'd sown the seeds of their own destruction. No one could place two-thirds of a world's population on the Dole and keep them there forever without the entire system crashing . . . but how in hell did one get them off the Dole? -David Weber, Flag in Exile
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Old 04-29-2012, 11:39   #3
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Hang on, it's gonna be a wild ride.
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Old 04-29-2012, 12:20   #4
Brucev
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Simple answer. Remove the ceiling on S.S. Apply the tax to all money earned by whatever source. And... apply it to all persons. Now, given that multi-national corporations want to play "person," let them have the fun of paying into S.S. on every single dollar they make without exception. Oh... let them also receive a nice S.S. check when they "retire."
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Old 04-29-2012, 12:50   #5
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Quote:
Originally Posted by Brucev View Post
Simple answer. Remove the ceiling on S.S. Apply the tax to all money earned by whatever source. And... apply it to all persons. Now, given that multi-national corporations want to play "person," let them have the fun of paying into S.S. on every single dollar they make without exception. Oh... let them also receive a nice S.S. check when they "retire."
Corporations do not pay taxes - they collect taxes - they are included in the cost of their goods sold. So ultimately, the consumer pays it - a regressive tax.

Also, on international sale, it puts US corporations at a price disadvantage to other mfg such as those in China/India that do not have SS taxes.
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Old 04-30-2012, 06:50   #6
walt cowan
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end the fed. problem fixed.
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Old 04-30-2012, 07:50   #7
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end the fed. problem fixed.
Maybe helped, but not fixed. Pass a constitutional amendment to cap spending at 80% of revenue, use the rest to pay off the debt, once paid off, cap spending to 95% of revenue, the remaining 5 % to go into a rainy day fund only spendable with 2/3 of congress, the president, and at least a majority of the supreme court signing the check.
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Old 04-30-2012, 07:54   #8
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[Sigh]

Paying off the debt will just allow the commie-crats to do runamuck spending again, the next time they get their hands on the levers of power ....

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They'd created a vast, permanently unemployed underclass, dependent upon the Republic's stupendous welfare machine for its very existence, and in so doing, they'd sown the seeds of their own destruction. No one could place two-thirds of a world's population on the Dole and keep them there forever without the entire system crashing . . . but how in hell did one get them off the Dole? -David Weber, Flag in Exile
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Old 04-30-2012, 08:06   #9
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Originally Posted by aircarver View Post
[Sigh]

Paying off the debt will just allow the commie-crats to do runamuck spending again, the next time they get their hands on the levers of power ....

.
There are really only three choices. Pay off the debt, default, or continue with crippling debt. Unless we allow financial darwinism to take its natural course, and allow non-producers to land in povertyville, we will never be free of the debt. It's theft from future generations. It can be fixed, but it would require significant austerity measures, and national will. Right now, I don't see it getting any better in my lifetime. It should be very interesting to watch though.
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Old 04-30-2012, 17:52   #10
G17Jake
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The first cuts should be to congressional pensions and perks. They failed miserably. We need people who want to serve their country, not be part of a privileged class.

Yes, that is a drop in the bucket, but it sends a message the party is over for all of us.
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