Skip to comments.How to avoid job-killing budget cuts (Barf Alert)
Posted on 02/06/2013 9:04:06 AM PST by bestintxas
When it comes to the fiscal challenges facing our country, Republicans always insist on taking the hard road.
They nearly set off a recession by waiting until just after New Year's Eve to agree to keep taxes from rising for millions of middle-class families. They caused the first credit downgrade in our country's history by threatening a catastrophic default. And now they seem ready -- even eager -- to let painful automatic spending cuts take effect, which would result in the loss of at least a million jobs.
The good news is there's an easier path.
Obama calls for short-term fix to imminent spending cuts
We can stop this self-inflicted wound to our economy -- and we must -- but we have to act fast.
There are many common sense ways to reduce our deficit and avert the sequester, which would hit defense and domestic programs with $1.2 trillion in indiscriminate cuts over 10 years. While we have started discussing some of these ideas at the Senate Democratic retreat this week, here are few of mine:
-- We should begin by applying the nearly $700 billion in savings from ending the wars in Iraq and Afghanistan toward reducing the deficit and avoiding these automatic cuts.
-- We should let Medicare negotiate drug prices, which would save as much as $200 billion over 10 years and lower drug costs for seniors.
-- And we should crack down on tax fraud and corporate tax evasion, which could help save more than $100 billion a year.
(Excerpt) Read more at cnn.com ...
Every Government Job eliminated is a SAVINGS to the Taxpayer.
Barbara Boxer is Arguably the Dumbest Person ever elected to office. But Her husband used to sell some real fine used cars.
They nearly set off a recession by waiting until just after New Year’s Eve to agree to keep taxes from rising for millions of middle-class families.
Proves you can’t fix stupid.
Taxes DID RAISE on millions of middle class families....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.