Quote:
Originally Posted by buggyone
Now you seem to be thinking in the right mode. Taxes do need to be be raised but no on everyone. Raise taxes on individuals with incomes that exceed $500,000 per couple or $250K as a single filer. Raise taxes on those with $1M income to a higher degree.
Eliminate foreign aid to countries unfriendly to US, reduce the oil subsidies, reduce or eliminate farm subsidies, 5% cut in Federal Agency budgets, government (state and federal) conferences to be held in the city where the employee works by teleconference so no travel is needed.
|
I have been thinking in the right or correct mode all along.
First if you even read my post, please supply me one economist who says that raising taxes on ONLY the rich does more than make political people happy. It means nothing with the dollar amount toward our deficit. Plus these folks who now pay about 70% of ALL income taxes will find a way to reduce that liability thus my comments on the tax code.
If you read my other thread on the deficit problem, you will find that this problem is huge and what you suggest is pocket change. Plus cutting spending is going to be a political nightmare.
I will not even, out of respect for those of you who think the new health care law is paid for, even mention that.
Everyone has got to pay more taxes....I suggest you read some articles on how deep in the doo doo we really are...how much money we are spending that we do not have. I am trying real hard not to be political and this didnt just happen in the last 3 years, but this is a HUGE problem.
We go over that cliff in December and hang on......recession time...in a big way with lots of pain to get out,