I'm on board with raising taxes AND cutting spending, my friend. If all you do is cut to match how absurdly low our taxes are for a 1st world nation we will go right in to a depression.cradleandshoot wrote:https://www.cnsnews.com/news/article/te ... 4b-deficit Our nation seems to keep following this same effed up pattern. The nation continues to collect record taxes. The nation continues to spend more than it brings in... by a long shot. Where do we find the solution here? Both parties want to spend like drunken sailors albeit on different agendas. A fan is enamored with raising taxes. Nobody here besides my self is enamored with cutting spending. When you continue to raise record tax revenue and continue to spend more than you take in, even with record tax revenue added in to the mix, you don't have a Democrat problem, you don't have a Republican problem, you have a national crisis looming right in front of you. This isn't a Trump problem, Obama problem, Bush problem, Clinton problem.
This is a problem ingrained in the simple fact that none of these folks in Washington DC have the integrity/honesty to tell the American people we all have to suffer a little bit to get back on the strait and narrow. The can has been kicked down the road as far as it can go. America has reached a dead end. I am all for 2 solutions... raise taxes and cut spending. Both solutions have to be done with the cold hard reality that we have no other choice. One can't work without the other. It is easy to raise taxes. When you talk about cutting spending, and I mean cutting spending... not baseline budgeting, The discussion becomes much more complicated. No one in Washington DC ever wants to face the reality they have to do more with less. That is not the kind of crazy talk that gets one re-relected to anything.
That, and our seniors will have the worst health care imaginable, because that's where all our money goes----to Medicare.
While I'd prefer my consumption-only tax, and get rid of income tax and all other Federal taxes....if we are to stay on income tax, we have to give folks 30-65 a choice.
And that choice is: we can triple your Medicare withholding tax, and keep increasing that amount to keep pace with increases in Medical care costs.....or we can cut your benefits by 1/3rd when you retire. Your choice. Pick one.
If we do that one thing, our borrowing will plummet. I'm all for it. But as cradleandshoot knows, Americans want both. They want Cadillac care, but they don't want to pay for it. So that's EXACTLY what Congress---R's and D's---give them.