How is it to be paid off other than with taxes?
That's great. So we'll start with the biggest chunk of the budget (military)?
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How is it to be paid off other than with taxes?
That's great. So we'll start with the biggest chunk of the budget (military)?
you have to open your mind and understand the reps proposals. less taxes mean more money for business to use towardss hiring and with that, you create a larger tax base since more people are working. the more working, the less drawing gov services. the less being spent on gov services, the more that can be used to pay down debt. and our interest on the money borrowed will be 500 billion a year by 2012. the annual military budget is 600 billion. by 2018 we will be paying 1 trillion in interest alone.
We'll try to use simple words so you can understand..
If you don't spend it, you don't need to come up with money to pay for it.
As mentioned. DON'T SPEND AS MUCH!! I might agree that there could be some reduction in the defense spending, nearly 60% of federal spending is entitlement programs. That would make even a bigger difference and much faster without jeopardizing our safety.
Tax cuts are not the cause of deficit. It appears you have no clue of economics just as Obama nor Nancy Polisy, Harry Reid, John Kerry. and most of the Democratic leaders. If you cut taxes revenue to the Treasury goes up. Raise taxes Revenue goes down. Also lower taxes jobs goes up. Raise Jobs go down.
A tax cut in a recession will help in recovery, and hence reduce the deficit.
A tax cut in recovery will simply increase the deficit.
That is why Alan Greenspan said that "Tax cuts don't pay for themselves". So much for silly answerers here.
A tax cut will always, and has always reduced the trend rate of tax revenue.
A tax increase has always, and will always increase the trend rate of tax revenue.
The pubs here confuse the automatic increase in tax revenue due to other factors such as increase in inflation, population, economic output with the effect of a tax cut. It has been studied by economists and not only is there no logic to the idea, it has no empirical merit as well.
So, to answer your question, the reason why Republicans call for tax cuts and complain about the deficit is because they don't know anything about economics. Instead of going to Beck rallies about restoring honor, they should simply take an economics class.
Republicans want you (x-middle class) to pay for their free lunch, while they take their riches and invest in Communist China and other slave countries. One Republican Senator just said that the people that paid into social security are sucking the country dry (310 mullion milk tits), don't forget the Vets that are dieing from AGENT ORANGE and Gulf War syndrome are causing the country crises.
They want their Chinese Communist investments non taxed, Bank of America using TARP funds to invest in Chinese Bank?
They want tax cuts balanced by cutting gov spending.
Fairly straight forward and I kinda thought everyone already knew this.
Because they don't understand the economy..That's why it never does well under them.
Cutting taxes are not the reason for the deficit, it's because of the spending and borrowing.
And by the way, it's not just the Republicans that are worried, but members of both parties.
What I would love to know, is why we are borrowing billions of dollars from the Chinese, then giving away, free with no strings attached and no expectation of getting paid back, over 7 million dollars a day to Israel.?
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