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skjpm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:00 PM
Original message
Either taxes or deficit
This rather simple point just came to me--you have a choice between taxes or a deficit. If you want a big tax cut (Yay! we have a lot of money RIGHT NOW!) then you have to have a deficit. In order to prevent a deficit, you have to pay more taxes (Boo! I want to spend money!). Bush's tax cuts simply give the bill to the people who have to pay the deficit later. It's like parents maxing out their credit cards, and then leaving the debt to their children. I would think good parents would want to pay their bills and add to their savings (i.e., pay taxes) so their children could have a better life. But this is Bush's America.

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Radio-Active Donating Member (735 posts) Send PM | Profile | Ignore Sun Oct-10-04 01:02 PM
Response to Original message
1. plus the interest on the deficit/ debt
.
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:03 PM
Response to Original message
2. the is the choice to cut spending...
that is an option...

theProdigal
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skjpm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:05 PM
Response to Reply #2
3. why don't people see the consequence of tax cuts?
You either have a deficit, or you cut spending. That means programs get cut--like, those programs which help us with hurricanes and build roads and keep libraries open.
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jdj Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:08 PM
Response to Reply #3
4. Because with the money they save after repealing cap. gains taxes
etc., the right can invest and bank their money to make sure THEIR kids are not affected by any deficit or spending cuts. The right are just people who are insulated from financial consequences of any economic downturn, and the religious right are the dumbfucks they whose votes they are using to keep a majority in congress.
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:09 PM
Response to Reply #3
5. there is runaway spending all through the budget
and WASTE on a scale that you probably wouldn't even believe. We pare out some of the pork and waste in the budget and I think you would be pleasantly surprised at how quickly the numbers start to look better.

Do we have to pay now...well, yes...we gotta start taking this thing down...but in the long run the only REAL way to stop deficits is to stop spending beyond income...you give the government the money and they will spend it...you DON'T give the money to the government and they will borrow it. We need to stop the real cause of deficits...deficit spending.

theProdigal
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Salviati Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:36 PM
Response to Reply #2
8. Talking about cutting spending
without talking about SERIOUS cuts to the military budget is just wanking. When you're talking about cutting a budget, any budget, you need to look at the big ticket expenses, and in the US budget that would be "defense" spending. As long as no one is willing to cut that, we can't get anywhere on reducing spending.
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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:22 PM
Response to Original message
6. Well known that bush's claim to halve the deficit
is based on figures that count his tax cuts as being phased out... but then he keeps promising to make the tax cuts permanent. The closest I have seen ANYONE come to calling him on his policy contradiction (and impossibility) was the moderator in the last debate - who followed up two times (to both candidates) of how they plan to cut the deficit. But that wasn't direct.

Remind everyone: Bush's plans to "halve the deficit in five years" depends upon the tax cuts sunsetting out (as written.) So when he pushes to "make the tax cuts permanent" he is pushing to defy his campaign promise to halve the deficit. Then ask people - what kind of person makes contradictory promises - KNOWING that they are false (that one negates the other). Answer: either someone who is so unintelligent that they don't understand the contradiction OR someone who lies to the public as a way of life.
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skjpm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 01:30 PM
Response to Reply #6
7. How can people believe we can have tax cuts without a deficit?
You can't cut a deficit in half and continue to spend--any more than you can fill an empty glass while pouring water out. This seems a simple concept--do Bush voters think he can cut women in half, too?
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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 02:08 PM
Response to Reply #7
9. twenty years of propoganda about "supply side economics"
back in the eighties most people thought of it as a crock - but the appeal of greed in the form of tax cuts got people to go along. But by now there is a naive and ignorant belief that it works - and that the "growth" spurred by the tax cuts will allow the "growing out" of deficits. The fact that it didn't happen the first time (during reagan; bushsr had to raise taxes due to the crises of the escalating deficits), nor did it happen the second time (now the deficits are exploding) - hasn't seemed to shake the brainwashed into realizing what a fraud the whole thing is.
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oscar111 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 02:54 PM
Response to Reply #9
10. Prodigal ignores hunger: How to convince all to toss Reaganomics,summarizd
Edited on Sun Oct-10-04 03:21 PM by oscar111
talk of cutting spending is ... well, note:

12 million now hungry

3 million are homeless for a time, each year. They die a t three times the normal rate... thats eighty four thousand a year.

We must return to Ike's tax rate on the uppers... ninety percent... to avoid more hunger and death.

We remain barbarians till we end the hunger and death.

That must be the first priority, ...and anyone who can see the death in our streets and ignore it, and focus on other items first, is ... well, i dont want to be accused of flaming , so i will bite my tongue.

We have detaxed since fifty two, and we are in disasterous shape as a society, as a result. A third of our bridges need repair, for example. Think of that , next bridge you cross. Reaganomics is to blame. A shell game to enrich a few. That's all it ever was.

It still rules here, so assemble arguments against it ... nothing will improve in america till reaganomics is tossed.
++++++++++++++++++++++++++++
eg. //wages lower now than when reaganomics began. {adjusted for inflation}.

/// average wages under bush2 are now down $1,500

/// a million jobs lost by bush2

/// 3 million homeless each year. None, before reaganomics in 1980 {ok, almost none.. so few, sources say "they were not even counted"}

/// 12 million hungry
==============================
// reaganomics is a flop. 24 years of it, and everything is worse. Time to end the stupid experiment.
Get the word out. Call AAR, write letters to editors. AAR is air america radio.
We had prosperity in fifty two.
Today's tax cuts for the rich get invested overseas, doing nothing for us.
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oscar111 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-04 03:05 PM
Response to Reply #10
11. Budget simulation site: tinker with taxes, cuts
plus learn all the real dollar amoutnts for each budget item.
{for dollars, see results and scroll way down}

its easy site to jigger up some percents for say pensions, and see results.

you will also learn dollar amounts involved, if you wish.

but tell owner to add button for new taxes.. he invites ideas.

National Budget Simulation

http://www.nathannewman.org/nbs/

It was begun at Berkeley U.
The way to use it, is if you run a deficit, that tells you how much you need to raise taxes. dont really need a new button for new taxes per se .

/buttons let you repeal the foolish bush tax cuts for the rich. So foolish!


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