Should we End Bush Tax Cuts vs: Social Security Cuts (poll)

[FreakinDJ]

You see there is no polling asking that question

My Real question : Should Democrat/Liberal/MoveOn Activist man the phone banks this weekend asking 100,000 possibly 250,000 likely voters across the country if they would prefer Washington to Rescinded Immediately the Bush Tax Cuts or should Democrat and Republican Leaders enact Cuts to Social Security, Medicaid, and Social Programs for the Poor ?

Would this type of political action force a change in the Debate in Washington - I think so. It is the one question that has not been asked of the American voters by the numerous polling organization or reported by the Nation's media simply because they already know the answer. The Bush Tax Cuts represent $4 Trillion Dollars over the next 10 years, a dollar amount that eclipses even the "Grand Bargain" by $300 Billion Dollars.

The problem is Most Americans would support it

[dkf]

1. Sad thing is we could do both of those things and the long term would still be unsustainable.

That's not enough.

In fact expiring the Bush cuts are already in all the numbers that show awful projections.

[jtown1123]

2. That's nonsense.

[WinkyDink]

3. Your assertion stems from....?

[FreakinDJ]

5. A desire to Hijack the thread

Funny - that is the same tactics being employed against the American people - Don't Ask the Question

Divert attention over here to our doctored "Ross Perot" charts and skewed accounting and what ever you do DON'T ASK THAT QEUSTION

[dkf]

11. This isn't an either or question..it's a deceptive choice.

The lie is in making the American Public think that one of these things is all that is needed then we are fine. The truth is we need to do both these things and more.

[dkf]

6. Here you go.

http://www.gao.gov/financial/fy2010/10guide.pdf

Look at chart 7 for spending without interest expense. These numbers lapse the recovery tax acts Aka Obama extension of the Bush tax cuts.

Look at chart 2 when interest is added.

[FreakinDJ]

7. Wasn't that the Tea Party's Main Talking Point

Obama was sacrificing their Grand children's future with all his spending

[dkf]

9. That's what the governments numbers say.

Who is going to have to pay for all this in 2080? That's not you I bet. We've walked out of the restaurant and left the kids to pay the bill.

Does anyone ever look at the numbers around here? Geez.

[FreakinDJ]

10. All Factored including BUSH Tax Cuts = TeaParty Talking points

the charts factored in the Bush era Tax Cuts -

Lets see just the projections with Pre-Bush Era Taxes

[dkf]

12. Read page viii second to the last paragraph.

The projections show with the lapse of the Bush/Obama tax cuts. These are the numbers with the extra $4 trillion in revenue.

http://www.gao.gov/financial/fy2010/10guide.pdf

And they show what actually happened in the historical numbers. If your point is that we would be better off without the bush tax cuts...that is quite obvious but the point is moot.

[FreakinDJ]

13. That has NOTHING to do with Bush Tax Cuts

Due to the inherent uncertainty in the assumptions used in estimating TARP valuations, the ultimate cost of
TARP investments is also subject to uncertainty, and will depend on, among other things, how the economy,
financial markets, and particular companies perform. Additional information concerning the TARP program and
other related initiatives can be found at www.financialstability.gov.

BIG TIME WTF ????

[dkf]

15. Viii is the page after that

The revenue share of GDP fell substantially in 2009 and 2010 because of the recession and tax reductions enacted as part of the Recovery Act and is projected to return to near its long-run average as the economy recovers and the Recovery Act tax cuts expire. After the economy is fully recovered, receipts are projected to grow slightly more rapidly than GDP as increases in real incomes cause a larger share of income to fall into higher individual income tax brackets.

[FreakinDJ]

17. Problem being Recovery Act Tax Cuts are NOT Bush Era Tax Cuts

The revenue share of GDP fell substantially in 2009 and 2010 because of the recession and tax reductions
enacted as part of the Recovery Act and is projected to return to near its long-run average as the economy recovers
and the Recovery Act tax cuts expire. After the economy is fully recovered, receipts are projected to grow slightly
more rapidly than GDP as increases in real incomes cause a larger share of income to fall into higher individual
income tax brackets.


Devil is in the Details

[FreakinDJ]

4. $3.7 Trillion in Cuts is more sustainable then $4 Trillion in revenue

I don't see where your numbers work

[dkf]

8. Revenue increases are needed to get us back to the traditional 20% of GDP

We get from taxes. Spending cuts are needed to also get us to 20% of GDP. With the bush cuts expiring spending is projected to be above 40% by 2080.

http://www.gao.gov/financial/fy2010/10guide.pdf

See chart 2 of the Cutizens guide to the 2010 financial statements.

[FreakinDJ]

14. The REAL Question being

How much of that goes to SERVICING the Debt meaning interest paid on EXISTING Debt

[Imagevision]

16. Obama seems to have gotten his original priorities confused (?)