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 Government squandered all our taxes to the tune of a 19 TRILLION debt & their answer? TAX! (34)

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FromWithin(8241) pic



Government squandered all our taxes to the tune of a 19 TRILLION debt & their answer? TAX!

Can you believe the arrogance of politicians on the Left. They run for President, and what answers do they have for reducing our 19 TRILION debt? TAX MORE! They have been literally raising our taxes and fees for decade after decade and each time they do it, they tell us they will spend it wisely and help reduce our debt. THEY NEVER REDUCE THE DEBT! They simply spend it to buy more votes!

How can you vote for a politician whose answer to Goverment's irresponsible spending is to take MORE taxes from Americans? I understand that the biggest voting block for Democrats are those who pay no federal taxes, but for all those who do actually work and actually pay taxes, HOW CAN YOU BE SO BLIND?

Yes, the GOP is strong on defense for good reasons, but they have allowed cuts to military spending with the sequestor, etc.
On the other hand, democrats refuse to cut spending on bloated social programs. Democrats even want to spend MORE on social programs such as free College, free healthcare, etc. etc. THEY ARE CORRUPT POLITICIANS BUYING VOTES at the expense of tax payers and future bankrupcy.

The GOP wants to ovehaul our complex tax code to fix the many problems with loop holes, etc. but the Democrats refuse. The GOP would like to get rid of the IRS if possible and that woud greatly reduce spending. The GOP has always understood that raising taxes kills jobs and does nothing more than giving a blank check to big spending politicians. When have increased taxes ever been ear marked for debt reduction only?
We need to cut ACROSS THE BOARD on every Government program. What fool does not know that every single Government program has huge waste and needs to be cut in the same way private businesses cut to balance their budget.
Government never needs to balance it's budget and is why Democrats refuse to allow a balanced budget amendment. If there were a balanced budget amendment, politicians could tell their constituents that they had no choice and were forced to cut spending. In this way they could cut spending without losing their seats. A balanced budget amendment is the only answer to preventing bankrupcy.
I've heard a number of times that when we reach 24 trillion in debt, it could be a tipping point of no return.

WAKE UP and demand our Government cuts spending!
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4 points

Government squanders all monies they steal off of the working people of this country !

0 points

Yes they do. It's a perfect storm. The government needs to have more funding for education and training for the lower class and the lower class needs to take full advantage of it.

outlaw60(15368) Disputed
2 points

You just contradicted yourself ! You wrote "The government needs to have more funding for education and training for the lower class and the lower class needs to take full advantage of it."

Do tell how much money has been squandered on the lower class since 1965 ?

FromWithin(8241) Disputed
1 point

No, Government needs to STOP spending money they don't have. That 19 trillion debt is monsterous and demands extreme measures to stop. There WILL be pain for those living off the tax payers when we do what must be done. There will be pain for most Americans even though it was not the working men and women's fault.

It has been the Government's fault and we can not give them one more cent of our money because we KNOW they will waste it as they have every single year for decades! I can not believe people are still talking about spending more for education!

We must cut across the board. We spend more than any other nation on education.

Money is not the problem. Our broken culture is the problem. Fatherless children are the problem. How many years have we been spending more on education and look at the results. STOP THE MADNESS!

1 point

No, it needs to use the funding they get more efficiently and effectively. The number one goal of any government department is self-presevation, enriching itself, padding salaries, increasing retirement and perks. Everything else is a distant second. They get enough money as it is, they just squander it like all government bureaucracies do due to inefficiencies, redundancies, incompetency and fraud. The last thing government needs is MORE money.

Saintnow(3684) Disputed
1 point

................................................................................................

Evolution as funny with the actual Geico Insurance commercial cavemen buck naked pretending to be Neanderthals

https://www.youtube.com/watch?v=hSSzn4bIwZg

Evolution as Serious: The true story of Evolution for intellectuals.

http://scienceagainstevolution.info/video/efi.wmv

I blame all politicians, both Republicans and Democrats, especially the latter, but the lions share of the blame goes to the people who elect them. Ultimately, politicians are a reflection of the voters.

Even a conservative voter will turn liberal when you threaten to cut their sacred cow. (insert government program)

The following from the Pogo comic strip comes to mind:

"We have met the enemy and he is us."

We are our own worst enemy.

2 points

I agree, the people are the problem. They have been conditioned to a welfare mindset whereby they have a right to other's money with no work requirement in return and they truly believe they are entitled to it.

Politicians know all to well that if they do what must be done for this nation, they will lose their seats. This is why I say we need to tie their hands and pass a balanced budget amendment. This will give them excuses for the cuts.

Term limits would be good as well.

1 point

Your country has the worst welfare system of any developed Western nation, and the highest debt. Maybe you should reconsider whether it's the welfare that's causing all the financial struggles over there.

2 points

I build destroyers for the Navy. My career stability depends on defense spending but even I think we spend too much on defense as well as other areas. There should be less defense spending, zero foreign aid to countries that hate our guts anyway, zero corporate welfare etc. There should be a MUCH higher tax on the .05% with a less (but still higher) tax on the rest of the 1%. We should reform Wall Street, close offshore tax havens and stop the war on pot while legalizing it and taxing it. THEN we can pull out of these bullshit wars for fossil fuels, take a decade or two and invest in our own self-sustainability and lower our budget.

Good post there with some perceptive observations and practical suggestions for ''cutting your cloth according to your means''. The U.S., must start to live within it's means and recognize that this will entail,things getting worse before they get better. Turf out the illegal immigrants, especially the drug importing Greasers, and tackle the narcotic problem from base level upwards, i.e, through targeting and educating the users. Remove or diminish the market and the costly policing bill and the crime rate would plummet. Where there is a market, as with prohibition, there will always be those clever criminals able to stay one step ahead of the posse whilst the Feds are in a continual ''catch up'' situation.

0 points

Drug addiction is a symptom, not the disease so yes I agree. More funding for healthcare/mental health/ rehab etc and less funding fighting the failing war on drugs in the first place.

Over tax the corporations and they'll simply move their operations abroad. Over tax individuals and you remove the incentive to work and stifle entrepreneurial enterprise. When social benefits become equal or even close to the average working wage most people will opt for a lie in bed in the mornings and check the post for their weekly government cheque. The welfare benefit system which was meant to act as a as a temporary safety net for those who had fallen on hard times has and will continue to become a hammock. Welfarism, socialism and power crazed militant unions is what almost sunk the United Kingdom during the 1970s. Margret Thatcher ousted the socialists, took on the left wing unions and kicked them into touch. America should impose a heavy import levy on all goods emanating from countries which do not have the same industrial relations laws, anti-racial and religious discrimination legislation, health & safety requirements, and minimum wage commitments. The U.S.A, can no longer afford to be a dumping ground for the cheaply produced goods of the so called developing countries. Friends cannot be bought through foreign aid, ( they only laugh at us) and our virtual ''open house'' for imports weakens our manufacturing base and exports jobs over seas. Despite all the rhetoric to the contrary I feel that the U.S, should protect it's borders and offer incentives to manufactures and service providers( such as Google) to pay their taxes and remain within the U.S.A Indeed legislation should be passed to extract the tax loophole for corporations, or any company indulging in 'tax avoidance'. The system of ''corporation tax, ( tax on profits) should be replaced with a ''sales tax''. A tax on all the sales made within the United States.

I agree........................................................................................................

pastafarian(79) Disputed
0 points

Trickle down economy doesn't work, it's a pyramid scheme. The poor can't afford to live so they take out loans and pay interest. The rich hoard more money than they could ever spend in their lifetime which generates interest. They make money simply by HAVING money meanwhile a poor person overdrafts and is charged $30 for not having any money. $1 Billion in the bank at 4% interest generates $40,000,000 a year free money. That alone is enough to pay 800 people $50,000 a year. Bill gates has what? Over $60 billion himself? 4% of that is $2.4 billion dollars. That's enough to pay 48,000 people $50,000 a year EACH. That's just one billionaire. At any given time there is a finite amount of money. For one to have more than they can spend, another has to go without. I'm not advocating for socialism but there is certainly wiggle room in the "redistribution of wealth" concept. After all it would benefit the economy because 48,000 people with $50k a year have more purchasing power than 1 guy with $60 Billion. That billionaire might buy a few houses and an island and a boat that he can park inside his other boat but he's not going to buy a years groceries for 48,000 people/families. He's not going to match the 48,000 houses, cars, families worth of clothing, holiday spending, televisions, glasses, toiletries, restaurant/movie visits/vacations a year and he's not going to support local small businesses the way 48,000 middle class families would do. I've said it before and I'll say it again: trickle down economy is a pyramid scheme. If you want a plant to grow you need to water the roots, not the leaves.

1 point

Re:"Trickle down economy doesn't work, it's a pyramid scheme."

Neither does trickle down government. The government can't give you fairness, or equality, but it can give you dependence.

FromWithin(8241) Disputed
0 points

You are spewing socialist rhetoric. I raised my family on one income making less than $50,000 most of my life. It can be done when you live within your means. If you redistribute the money of people who create the jobs, they will no longer create the jobs.

How many jobs have most people created without the hard work and risk it takes?

I'm very thankful for the rich people who gave me a job so I could raise my family.

What is needed is a large dose of reality which will enable the brain dead impoverished loafers to examine the reason why they are poor, usually as a consequence of their intellectual inferiority, lack of drive or laziness. If these wasters declare that the opportunities do not exist in the U.S, for ''gainful employment' then how come the millions of illegal immigrants come to the States and have no problem finding work? That was a rhetorical question as we all know the answer which starts and ends with ZZZZZZZZZs. If all the money in the world was pooled and then divided evenly throughout the population of the world, sometime afterwards most of the former rich would have their wealth back again and the poor would be bellyaching about an unbalanced economy using smart Alec, but meaningless terms as ''A trickle economy''. People can only borrow money up to a point. Somewhere along the line the banks or financial institutions will stop lending and/or demand repayment of the loans. Make no mistake, ''PAY BACK'' time is coming down the track like an express train for the U.S. treasury department and those individuals who have borrowed their way into serious debt. The old adage 'live now, pay later' is fine providing you don't live long enough to have to face the harvest of debt which you sowed in your irresponsible past. Alphonse Karr the French philosopher's adage combined with a 2000 year old quote, sums it up well , the more things change, the more they stay the same, as depicted in the Biblical warning, ''the poor ye shall have with thee always''.

2 points

No, Government needs to STOP spending money they don't have. That 19 trillion debt is monsterous and demands extreme measures to stop. There WILL be pain for those living off the tax payers when we do what must be done. There will be pain for most Americans even though it was not the working men and women's fault.

It has been the Government's fault and we can not give them one more cent of our money because we KNOW they will waste it as they have every single year for decades! I can not believe people are still talking about spending more for education!

We must cut across the board. We spend more than any other nation on education.

Money is not the problem. Our broken culture is the problem. Fatherless children are the problem. How many years have we been spending more on education and look at the results. STOP THE MADNESS!

Well said sir, but as we both know, telling it as it is doesn't get votes. The Don Quixote type politicians and their romantic notions have taken over from the hard nosed realists who formed and maintained a structured and self sustaining economy. Obama has taken the nation so far down the road to economic disaster that there is no one willing to say with any degree of confidence, hey, I've got the answer to our problems in my back pocket. The words from the American anthem, ''God Bless America'', should be changed to, God Help America.

agreed......................................................................................

1 point

In theory I am for a balanced budget amendment, but in reality it would be a disaster for the middle class. When it passes and there is a massive deficit to overcome, I don't trust the politicians to cut spending, especially the Democrats. What would happen is a major tax hike on the middle class to achieve a balanced budget with just a little in spending cuts.

Further, it is really a gimmick as the politicians will find ways around it. For example, if they can't come up with the needed spending cuts and tax hikes, all they would do is "project" a GDP growth of say 6 percent instead of the 3 percent which is more in line with what economists' predictions are. Therefore, they will have achieved their balanced budget with rosy revenue predictions that will not come to fruition. Then what? If it is a constitutional amendment, who decides how to get it in balance. The lawsuits will be never ending. It would seem to me that if Congress can't pass a balanced budget then the Supreme Court would have to intervene and approve any budget put forth by Congress, which is not a power of the Supreme Court, BTW. This will all lead to one big mess, IMO.

Would a simpler way be just to have any debt ceiling increase be required by 3/4 of Congress. If you can't get the 3/4 then the government defaults. This forces Congress to at least come to some tough decisions.

FromWithin(8241) Disputed
1 point

A balanced budget amendment would be for the budget deficit, not the national debt. You seem to miss the point..... we HAVE TO PASS a balanced budget amendment or our nation will go bankrupt.

I agree it can not be balanced by raising taxes. It must be done by cutting bloated spending and stopping all the free subsidies for people and corporations.

foratag(257) Clarified
1 point

I was talking about the deficit. Say the deficit for the upcoming year is 500 billion. Exactly how is Congress going to come up with 500 billion in savings for the upcoming year. They are going to massively raise taxes on the middle class and have some spending cuts. We all know if the Democrats control Congress they will raise taxes and avoid spending cuts as much as possible. Or, they come up with some fake numbers to make it appear it is balanced for the year. Then the lawsuits fly and then what. The Supreme Court decides the next year's budget?

But what happens come October 1 and Congress does not have a balanced budget agreement in place? Congress then has essentially violated the constitution. Then what? Sorry, but you are not getting a balanced budget through spending cuts.

1 point

Spending is not the problem, the problem is lack of the fear of God.

It's both a spending problem and a lack of fear. I would agree that our culture has lost all fear of accountability for one's actions.

Our nation was once a majority Christian nation that did have a fear of the consequences of irresponsibility. Not any longer since Progressive thought took hold.

True Christians are now the minority as you see each election when the Christian politicians get few votes.

STORY TIME! Over here in 'Straya we had a change of government a few years ago, to the Liberal party. Now just to clarify something:

Labor: Our slightly more liberal party

Liberal: Our more conservative party

I know it doesn't make sense, there's a story there but that's for another time. Suffice it to say that when I say Libs, I mean the conservative party.

ANYWAY, after a fair few years of the Labor party being in power (including during the GFC) the Liberal party won the election in 2013. They ran on a platform centered around the Australian deficit, saying that the Labor party had spent money like crazy and made terrible budgets. According to the Libs, the only way to fix this was "tough decisions", meaning cuts to things like welfare.

The thing is, ever since they won that election, Australias economy has actually gone downhill. Our national debt is increasing, despite the lowered government spending, and our GDP has slipped too. Now please understand that yes under the Labor party the debt was increasing more often than not, but the rate at which it increased was slower in almost every year (with the exception of the Global Financial Crisis, which their loans and financial actions managed to save us from).

The reason I bring all this up is just to let some of you know that sometimes, national finances aren't easy things to understand. You can blame welfare, or military spending, or foreign aid, or whatever else you want, but unless you're well-versed in national finance you really shouldn't be holding your opinion too closely. This topic is complicated, and over here we saw first-hand what happens when you base your countries budget around a fundamental misunderstanding of how international finances work. Please don't make that same mistake, it was a shitey couple of years for us.

FromWithin(8241) Clarified
1 point

I followed some of the austerity debates concerning Europes debt problems, and of course in the beginning Austerity will create hard times. Big Government spending creates jobs at the expense of debt. A nation needs to be weened off Government jobs and start creating more private sector jobs from lowered taxes.

Cutting spending will hurt the economy for a time. The lack of revenue from a smaller economy will probbly increase the debt FOR A TIME!

It STILL had to be done because the country was going bankrupt. It was the big spending labor party that created the huge debt which required austerity to fix. It will not fix overnight. When the people start living within their means and Government stops playing mommy and daddy, things will slowly start fixing themselves.