Posted on 04/14/2017 11:54:05 PM PDT by CanaryBlog
Good read but needed some proofreading. :)
TEACHER’S UNIONS, NON PROFITS, SS, MEDICARE, ALL PROGRAMS FOR THE LAZY, THE SINGLE MOTHER CLASS BEING THE FASTEST GROWING, PENSIONS THAT ARE OUTRAGEOUS, ABSURD PUBLIC SECTOR SALARIES, UNPAID STUDENT LOANS, LOANS FOR ABSURD MAJORS THAT WILL PRODUCE NO INCOME..
and on and on and on and on and on. So many things need to be fixed, changed or done away with.
Mass college attending has been one of the worst things to ever happen to this country.
nothing learned for 70 percent except hatred of country, perversions, and how to pay off a debt with no job.
Libs only care about spending when they are out of power.
Also, when the author uses “deficit” he really means “debt”. Deficit is the annual budgetary shortfall, which becomes a part of the increasing debt.
You know I ####ed that up until my late 20s?
I think I’m a smart guy :)
But I couldn’t nail down the difference until about 28.
And WAY too many are like me. But older also.
You may have 200k in personal DEBT, an your deficit each month (what your check can’t cover every month aside from the debt, is your deficit.
And then bankruptcy )
Unless you’re a government. Then, like China and Japan, you can run 200 debt to GDP.
If all government employees in Washington D.C. took a 10% pay cut, all of congress start flying coach class, quit funding the brunt of the UN which hates us anyway. stop hand out welfare checks to a plethora of countries that for sure hate us, and we drop all of the bi-lingual nonsense on government forms we could have some money to pay on our national debt. Taking this into account this list could go on for days and we could probably pay off the debt in record time.
I suspect that wouldn’t do it, that you would also need to cut spending on many entitlement programs.
Oh Hell NO! Do not pay the debt down. Leave it on life support so the Democrats and Leftists cannot create “just another” entitlement program. For once a republican should do something we would like as conservatives and not leave the golden goose for the Dem’s to use.
You can’t ignore the fact that we have a growing number of people in this country with every single expense borne by the taxpayers: their housing, public education (and college), food (including free lunches and in some cases, FREE BREAKFAST - despite the fact that their “parents” receive EBT cards for these), and their medical care. Simply put, a growing number of takers, constantly reinforced by newcomers crossing our borders, have overwhelmed the makers (who for all intents and purposes have practically stopped breeding).
It has been talked to death, nothing will happen, and the nation will die.
A 20% import tariff balances the budget tomorrow.
Combine the tariff with massive income tax reduction and watch the US economy on rocket fuel.
Globalist Free Traitors™ are killing the country.
Make every American take a 20% cut in his take home pay and give it to the fedgov. What's not to like??
The national debt increased from about $9 trillion when Obama took office, to about $20 trillion today.
I think we all know that tough choices have to be made, if we are ever to get this under control.
There are specific steps which should be taken. Among those are, for the Social Security system to balance its budget, as if it were a separate business entity. Ditto for Medicare.
Ditto for the federal government overall. The first step is not to run annual deficits. We need to balance the budget. After that, then hard choices have to be made to cut back federal spending, and/or increase revenues/taxes somehow, in order to pay down accumulated debt.
I think we all know that if we don’t take some obvious steps, that the consequences down the road will be severe.
But then, anyone making any proposals, such as when Paul Ryan wanted to change the structure of Medicare funding, are met by the liberals with cries of how he wants to throw Granny off a cliff.
Proposed cutbacks in any federal spending are met with the same reaction by liberals and the media, that (fill in the blank name of evil Republican conservative) wants to (see people become homeless, take food out of mouths of poor kids, shut down schools attended by our kids, etc)
So as a result, intimidation sets in, and then nothing is done about certain problems.
Hey Eric if you don’t buy imported durable goods you won’t be paying the tariff. How little you know.....
Once the local manufacturers up their prices by 19.5%, it will amount to the same thing.
It is clear you really haven't thought his trough and are totally ignorant on how a tariff works. Your stupid flippant attitude towards a tariff was programed into you so it is not your fault.
You’re right. I’ve edited it to debt
Won’t the tariff get passed on to the very consumer to which you’re giving an income tax cut and probably balance itself out? We don’t have many options left to buy American, and the advent of cheap consumer goods made in China acted like an indirect tax cut for the average american since they no longer had to spend 2 months salary on a washing machine.
You cannot bring the deficit under control through cuts to discretionary spending. You could literally cut every single dollar of non-defense related, non-security related discretionary spending and still run a deficit. Without cuts to Social Security, Medicare, Medicaid, and other non-discretionary spending you will never balance anything.
First of all your statement about washing machine is ridiculous.
A tariff applies to imported durable goods. In my own case I have not bought any durable goods,imported or otherwise, this year. None of my money that I have spent so far this year would have gone to a tariff. Most people do not spend that much of their income on durable goods, imported or otherwise.
The propose of offshoring was to reduce labor cost, but labor is but one component of manufacturing costs, a small one at that. Less than 7% of the retail price on almost all durable goods goes towards labor.
A washing machine that costs $900.00 retail would only have about $80.00 go towards covering labor and that is if it was made in the USA. Most people make more that $80.00 in 2 months.
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