Posted on 11/10/2010 10:55:54 AM PST by Sopater
If Obama does anything short of firing them all, this will cost the Dems another 10 seats in the Senate and dozens in the House. He’s the gift that keeps on giving.
Tax increases(no mortage deduction) to justify more spending, more stealing from workers and making sure the elderly die quicker. That’s the RATs for you.
the 18-member panel led by former Wyoming Republican Sen. Alan Simpson and former Clinton Chief of Staff Erskine Bowles, also may propose reducing the base rate on corporate taxes, phasing in spending cuts over time, reducing foreign aid by $4.6 billion, freezing federal salaries for three years and banning congressional earmarks.
Hate to say it, but this is the type of medicine we need. Only additional requirement is that all of the population sacrifice more-or-less equally.
Republicans better endorse the concept if not the details.
bet ya there is a terrorist ring testing rocket launches for major strike, living right there in Mexifornia...
I’m all for the elimination of the mortgage interest deduction. I’m for a very simple tax system. No deductions if at all possible.
Reagan did something like that. He drastically reduced the tax rate for the rich, but also reduced the deductions. The result - increased tax revenue.
The money is in SS, Medicare and Medicaid. Failure to reform these programs means certain bankruptcy. I’m really surprised to see so many big government types here. I expected different. (that btw was not aimed at you angcat)
Maybe they should make it a trifecta, and recommend cutting school lunch programs, too.
www.usdebtclock.org
Totally agree. When we don’t have the money everything should be looked at for cuts.
The whole process is bs political cover, rather than a president saying he looked it over and here are the cuts we need to make.
What are you going to say to that old woman
who is drawing SS from her dead husbands account?
Some of these people just have enough to pay a power bill
and medication, let alone food. So cut away at the very
subsistance say $950/month....no problem to you, right.
There are millions of old people in this pickle.
A lot of people forget that when SS was started, the average lifespan was BELOW the age at which retirements kicked in.
I’m almost 57 now. I’d be all for increasing the minimum age for SS benefits to 70 and “early retirement” to 67.
I try not to vote my wallet, but vote what is “fair”.
Just go away and die you old people.
True, but he'll have achieved his goal of trashing the economy/country by then.
There's some historical precedent for that. :) In 1935, when Social Security was passed, the average male lived to age 59. In essence, the entire Social Security Act was based on the idea that only a tiny minority of citizens would live long enough to collect benefits.
Clearly, we need more people to die at younger ages. /s
I know a retired gov. employee who gets OVER $100,000 a year in RETIREMENT benefits. Do you know anyone who gets that much in Social Security?
End the mortgage deduction? Why do democrats hate the middle class so much?
I think that is why my views are so “weird”. I killed mine in 1997.
Duh!
Is there anyone retarded enough to think those SS$$ are going to be paid?
It would also cause a huge drop in the price of real estate, which would make many mortgages unaffordable, and increase defaults. The hit to Fannie, Freddie, and the banks would be enormous.
I can see a case for non-deductibility of mortgage interest in a Fair or Flat Tax world with lowered spending, but as a one-off item it would have devastating consequences.
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