Bailout was probably the largest part of the increase, but spending is still at those levels with no incremental bailouts.
Think that the two biggest bailouts were Fannie and Freddie.
On the revenue side, I agree that there are too many deductions & credits. Think a Flat Tax makes sense.
US (incl states) raises more of its tax revenue via income taxes and less via sales taxes than other countries. Would prefer a sales tax to higher income tax rates (of course, would prefer neither….).
Table F-7, defense spending has almost doubled since 2000. there’s your problem.
And is this STILL BUSH’s PROBLEM???? NO. It’s Obama’s problem.
If he can’t or won’t fix it (spending) he’s an uneffective president. Remember, all the Democrats voted to invade Iraq as well, not just the Republicans
“Meaning higher taxes for everyone? When is it going to stop??? If you don’t have the income to support your lifestyle, you alter your lifestyle. Same thing applies to corporations and should also apply to the government.”
LOL!!
if any republican candidate said that during a debate, the election would be LOST.
“I also think a holistic approach to the revenue side is needed as as well, including the elimination of deductions/credits and the return to previous effective rates for taxpayers at all income levels.”
Meaning higher taxes for everyone? When is it going to stop??? If you don’t have the income to support your lifestyle, you alter your lifestyle. Same thing applies to corporations and should also apply to the government.
Telling people they have to pay more taxes is really going to be an effective strategy.
I never said cutting one was better than cutting the other. Never.
“if any republican candidate said that during a debate, the election would be LOST.”
dh…”Read My Lips…No New Taxes” seemed to be a wining strategy!!!!
Bimbo? Bimbo?
Bailout was probably the largest part of the increase, but spending is still at those levels with no incremental bailouts.
Think that the two biggest bailouts were Fannie and Freddie.
On the revenue side, I agree that there are too many deductions & credits. Think a Flat Tax makes sense.
US (incl states) raises more of its tax revenue via income taxes and less via sales taxes than other countries. Would prefer a sales tax to higher income tax rates (of course, would prefer neither….).
**moving back towards center**
okay dibs – explain to me why cutting of medicare is better than cutting of defense?
By dirty_hipster on April 25, 2011 1:20 PM
“http://www.cbo.gov/ftpdocs/108xx/doc10871/AppendixF.shtml”
Table F-7, defense spending has almost doubled since 2000. there’s your problem.
And is this STILL BUSH’s PROBLEM???? NO. It’s Obama’s problem.
If he can’t or won’t fix it (spending) he’s an uneffective president. Remember, all the Democrats voted to invade Iraq as well, not just the Republicans
“Meaning higher taxes for everyone? When is it going to stop??? If you don’t have the income to support your lifestyle, you alter your lifestyle. Same thing applies to corporations and should also apply to the government.”
LOL!!
if any republican candidate said that during a debate, the election would be LOST.
bhs a voice of reason.
“I also think a holistic approach to the revenue side is needed as as well, including the elimination of deductions/credits and the return to previous effective rates for taxpayers at all income levels.”
Meaning higher taxes for everyone? When is it going to stop??? If you don’t have the income to support your lifestyle, you alter your lifestyle. Same thing applies to corporations and should also apply to the government.
Telling people they have to pay more taxes is really going to be an effective strategy.