While I appreciate the sentiment, you of course know that the entire budget is only about $3.6 trillion?
It would be nice to be able to get about $1 trillion next year, then another $.5 trillion the year after that, but without the Senate and Presidency I would take the $1.7 trillion. That would then kick the can down the road to about August 2012 and we could have this fight again just before the election (which is what the Demonrats don't want).
My biggest concern is that in most past "deals" (Reagan in the early 80s, Bush I in the early 90s, Bush II in the 00s), the tax increases went in immediately and the later spending cuts never happened. Maybe the Republicans should agree to immediate spending cuts and a promise to raise taxes sometime after 2014 (extend the Bush tax cuts another two years).
The only time deficit reduction has worked in my lifetime, the Republican Congress (led by Newt) forced President Clinton to accept a cut in capital gains taxes now and a cut in the planned spending - which actually resulted in a balanced budget when the spending was actually restrained by the future Congress. That is the formula that actually works (cut taxes on the investor class and restrain or cut spending). But it will take a Republican Senate and a non-radical President to get that done.
“how about 4 trillion next year???
While I appreciate the sentiment, you of course know that the entire budget is only about $3.6 trillion?
It would be nice to be able to get about $1 trillion next year, then another $.5 trillion the year after that, but without the Senate and Presidency I would take the $1.7 trillion. That would then kick the can down the road to about August 2012 and we could have this fight again just before the election (which is what the Demonrats don’t want).
My biggest concern is that in most past “deals” (Reagan in the early 80s, Bush I in the early 90s, Bush II in the 00s), the tax increases went in immediately and the later spending cuts never happened. Maybe the Republicans should agree to immediate spending cuts and a promise to raise taxes sometime after 2014 (extend the Bush tax cuts another two years).
The only time deficit reduction has worked in my lifetime, the Republican Congress (led by Newt) forced President Clinton to accept a cut in capital gains taxes now and a cut in the planned spending - which actually resulted in a balanced budget when the spending was actually restrained by the future Congress. That is the formula that actually works (cut taxes on the investor class and restrain or cut spending). But it will take a Republican Senate and a non-radical President to get that done.”
WHY DO TAX increases always come into the picture??
NO NOTHING, NOT A PENNY, The private sector will raise the country up once ,there is a regime change in Washington and that Idiot is sent back to wherever!
The Government takes in plenty of money even in the crippled state the Kenyan made economy is in.
LISTENING???????? Lower the Damn taxes on our industry and the capitol gains.