Medicare and medicaid should be reformed (somehow). Unfortunately, it's extremely difficult politically since seniors ALL VOTE.
In addition, so much money goes to farmers in the US and that should be phased out. There's also a whole lot of waste in the military budget!
In addition, so much money goes to farmers in the US and that should be phased out. There's also a whole lot of waste in the military budget!
I realize that Obama is playing politics and so I don't fault him for coming out with an unrealistic budget proposal (at least in theory). What I don't understand is why anyone would honestly support it.
The harsh reality is that raising taxes on the rich is not going to be enough to balance the budget. There aren't enough rich people to tax to generate that kind of revenue. The middle class contributes the majority of the taxes collected by the Treasury not because they are overtaxed, but because there are so many of them. Any attempt at fiscal responsibility is going to likely see a return to the Clinton-era tax levels.
Furthermore, Obama's refusal to touch Medicare and Medicaid is absolutely absurd. The program has been doubling in cost every five years or so, and it is these two entitlement programs that are set to bankrupt our economy. Fraud is rampant, payouts are obscene (example: motorized scooters cost private insurers $1200, but Medicare pays $3000 for them, hence non-stop commercials for the same on cable news networks). Even if those two problems were fixed the programs are still going to bankrupt the US. Social Security can be fixed if it is just adjusted a bit. But something - and I'm not saying that the Ryan plan is the answer - has to be done about Medicare and Medicaid.
It's just disgusting that Obama can try to pretend like his proposal is reasonable. It disgusts me in a way that few things Obama has done have disgusted me.
The harsh reality is that raising taxes on the rich is not going to be enough to balance the budget. There aren't enough rich people to tax to generate that kind of revenue. The middle class contributes the majority of the taxes collected by the Treasury not because they are overtaxed, but because there are so many of them. Any attempt at fiscal responsibility is going to likely see a return to the Clinton-era tax levels.
Furthermore, Obama's refusal to touch Medicare and Medicaid is absolutely absurd. The program has been doubling in cost every five years or so, and it is these two entitlement programs that are set to bankrupt our economy. Fraud is rampant, payouts are obscene (example: motorized scooters cost private insurers $1200, but Medicare pays $3000 for them, hence non-stop commercials for the same on cable news networks). Even if those two problems were fixed the programs are still going to bankrupt the US. Social Security can be fixed if it is just adjusted a bit. But something - and I'm not saying that the Ryan plan is the answer - has to be done about Medicare and Medicaid.
It's just disgusting that Obama can try to pretend like his proposal is reasonable. It disgusts me in a way that few things Obama has done have disgusted me.
How can anyone seriously support Obama's budget proposals?
14/04/2011 02:49:30 PM
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I agree with your overall point but I do question one of your facts
14/04/2011 03:25:25 PM
- 577 Views
Using IRS data for 2008: (most recent year for which data is available)
14/04/2011 03:45:20 PM
- 597 Views
You didn't interpret the spreadsheet correctly. I'm positive of that.
14/04/2011 06:08:39 PM
- 460 Views
I'm gonna have to jump on board the wagon with that being a bad figure, got some others
14/04/2011 07:33:14 PM
- 629 Views
Data: http://www.irs.gov/pub/irs-soi/08in31mt.xls *NM*
14/04/2011 08:32:42 PM
- 238 Views
That's a breakdown of who modifies their returns and how it affects revenue.
14/04/2011 09:15:21 PM
- 452 Views
I believe you are questioning one of my definitions, not one of my facts.
14/04/2011 04:36:35 PM
- 512 Views
No matter how you define it I think it would be hard to call the top 5% middle class
14/04/2011 05:03:33 PM
- 524 Views
What a load of crap!
14/04/2011 03:49:29 PM
- 674 Views
Yes, your response is a load of crap.
14/04/2011 04:55:20 PM
- 574 Views
Re: Yes, your response is a load of crap.
14/04/2011 05:13:14 PM
- 654 Views
This is our first war without a tax increase.
14/04/2011 06:05:43 PM
- 576 Views
Er, check facts
14/04/2011 05:04:02 PM
- 703 Views
Yeah, lets fact check
14/04/2011 05:43:34 PM
- 555 Views
You understand you're actually supposed to cite data for a fact check right?
14/04/2011 06:38:22 PM
- 717 Views
I'm not sure thats entirely right
14/04/2011 05:51:18 PM
- 733 Views
What about the farm subsidies and the military?
15/04/2011 04:54:54 PM
- 545 Views
Cutting the military isn't enough
16/04/2011 04:27:11 AM
- 483 Views
Defense is 60% of the discretionary budget as well, so it's more like 26% overall. Just sayin'. *NM*
16/04/2011 04:53:30 AM
- 243 Views