CAC1001
turbo said:It is obvious that in order for our government to have revenues to work with, taxes and fees must be levied. The hard-right (which now encompasses most of the mainstream GOP, it seems) denies this, and claims that we must cut taxes to get out of our debt problems. Huh?
The GOP recognizes that much of our problems are also due to spending too much. No amount of money will fix the problem of a government that spends too much. Just look at California's current financial predicament for example. That said, the idea behind the tax cuts many in the GOP are calling for is to reduce rates and simplify the tax code, but end all the various loop holes. That is what was done to a good degree under Ronald Reagan. Some people were ticked off when the top rate was reduced from 70% to 28% because certain loopholes they made use of were closed, and they ended up paying more money to the government.
Bill O'Reilly I know has called for a national sales tax to tap into the underground economy (a trillion dollars he says).
If we look at our household finances (which the GOP continuously holds up as an example of "living within our means"), this would be tantamount to claiming that we would be in better financial shape by reducing our family's income (wage-reduction, or fewer worked hours, perhaps) because that would force us to budget and spend less. That's a pretty stupid idea.
IMO, if a family is spending too excessively and getting themselves into crazy levels of debt, that is precisely one of the things that should be done. Cut their income enough to force them to start living within their means. What the Democrats are suggesting is to give this family that is spending excessively an even higher income to fix their problems. You do that, and you'll only see them get into even higher levels of debt.
There are plenty of things that we can stop spending on (defense, ethanol, mega-farm subsidies, etc come to mind) to reduce spending without FIRST reducing our income. It is sad that our supposedly "liberal" media can't manage to cover this mendacity.
Regarding areas of legitimate waste in defense, I agree with cutting, but many areas of defense need to be increased as it is, not decreased. They can't be done because the money isn't there right now, but cutting those areas would be too dangerous. Defense spending, as a percentage of the GDP, as a percentage of the federal budget, and as a percentage of government spending, is at historical lows as it is. Also, defense is not the main budget buster. You could eliminate the entire defense budget and still not close the deficit.
Ethanol I agree with, but that will never happen because any politician who supports cutting ethanol subsidies slits their throat with the Iowa vote (which I really find dispicable, as are so many Iowans of the mindset that they are entitled to freebies from the government and will punish someone who removes them?). Mega-farm subsidies I also agree with.