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as long as debt and/or deficit is less than GDP they are manageable moondog Send a noteboard - 06/04/2013 04:30:42 PM

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With no significant change to the tax code, federal receipts have completely recovered from the recession, but the spending levels have remained elevated by the 700 billion "one time" stimulus spending. Put a stop to that gravy train of pork and 3/4th of the budget problems vanish immediately.

Once that is done I am very willing to look at revenue increases (preferably by eliminating deductions, expanding the tax base, and lowering rates so that EVERYONE feels the pinch) in conjunction with additional spending cuts. However, until at least some semblance of financial sanity appears in DC, I am against giving them one single additional penny to play with.


you say this, but yet you fail to grasp that the US government has run deficits almost every year for 75+ years, but it was only when we started this failed "trickle down" policy in the 1980s that debt and deficit have grown past what we could feasibly hope to balance with revenue. over the last 5 years we're now back to deficits being less than GDP vs. the overall budget and what you are advocating would require the current recession to drag on longer than it needs to and do more long-term harm to the greater economy. what we need is to grow our way out of the recession first, then worry about how to keep the debt and deficit in check.


As for Social Security and Medicare, they should (again) be completely removed form the federal budget calculations and handled as a completely separate self-sufficient fund. They spend their money, and nobody else's, and nobody can touch theirs under the requirement that they must show a projected 20 year solvency (no more "scare the grannies" as an election tool), Congress should have oversight, but not direct control.

it would be nice if this could happen, but too many in Congress see SS and Medicare as their personal cookie jar. it's been that way since the 1980s and it would be a miracle if they could be separated but it will never happen, certainly not with the current partisan gridlock we've seen lately.

"The RIAA has shown a certain disregard for the creative people of the industry in their eagerness to protect the revenues of the record companies." -- Frank Zappa

"That's the trouble with political jokes in this country... they get elected!" -- Dave Lippman
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President Obama and Defense Secretary Hagel take pay cuts to lessen impact of sequester moondog - 03/04/2013 09:47:45 PM 723 Views
Well, it's more of a CYA-against-bad-press symbolic gesture than an impressive one. Burr - 03/04/2013 10:15:40 PM 613 Views
considering that nobody in Congress is losing pay or their job, it's a good precedent IMHO moondog - 03/04/2013 10:43:45 PM 466 Views
The sequester was Obama's idea, so he should CYA. Anonymous2000 - 04/04/2013 12:16:59 AM 529 Views
The US economony only lost 3.1 percent between 2008 to 2009 Roland00 - 04/04/2013 03:55:05 AM 561 Views
We do need to cut, cut, cut... callandor1000 - 10/04/2013 03:38:45 PM 660 Views
I don't care about any quantities under a million Roland00 - 04/04/2013 03:40:25 AM 490 Views
the president can't pass a budget you know.... moondog - 04/04/2013 04:45:38 AM 502 Views
No, but he is required by law to submit one, and he has not. HyogaRott - 05/04/2013 06:10:24 PM 525 Views
good job getting your analysis from right wing media and pushing the lies they tell you moondog - 05/04/2013 07:04:05 PM 651 Views
good job on displaying more of your ignorance or willful blindness HyogaRott - 06/04/2013 03:34:27 PM 512 Views
quoting from the second article you linked..... moondog - 06/04/2013 04:23:48 PM 477 Views
*SIGH* HyogaRott - 07/04/2013 12:58:12 AM 559 Views
They need to cut hundreds of billions, not millions; and not over a fake 10 year period either. *NM* HyogaRott - 05/04/2013 06:13:37 PM 249 Views
yes, because everyone knows the way out of recession is to prevent job creation *NM* moondog - 05/04/2013 07:04:49 PM 260 Views
Federal spending can not create real, sustainable, job growth. *NM* HyogaRott - 06/04/2013 03:39:52 PM 287 Views
it doesn't have to, that's why they call it "stimulus" *NM* moondog - 06/04/2013 04:08:04 PM 276 Views
Yeah, and I can call your mama, your daddy, but it don't change who they are. *NM* HyogaRott - 07/04/2013 01:15:05 AM 259 Views
Yes we need to cut hundreds of billions of dollars Roland00 - 06/04/2013 03:17:01 AM 485 Views
Not really HyogaRott - 06/04/2013 03:54:56 PM 485 Views
as long as debt and/or deficit is less than GDP they are manageable moondog - 06/04/2013 04:30:42 PM 617 Views
Deficits HyogaRott - 07/04/2013 01:13:41 AM 481 Views
Deficits are a big deal with times are good Roland00 - 07/04/2013 03:40:36 AM 496 Views
Re: Not really Roland00 - 07/04/2013 03:29:59 AM 766 Views
You do know why we use 10 year time periods with cbo numbers right? *NM* Roland00 - 06/04/2013 03:17:41 AM 267 Views
Yeah, so they can claim a dime of imaginary savings is a dollar. *NM* HyogaRott - 06/04/2013 03:37:39 PM 246 Views
No anything past 10 years in projections are a joke. Roland00 - 07/04/2013 03:02:32 AM 545 Views
Anything past 1 year is a joke/lie becuase the next Congrees will do what it wants regardless. *NM* HyogaRott - 07/04/2013 03:08:39 PM 279 Views
Ya know, semi-tangent but I just had an amusing notion about elected official pay Isaac - 10/04/2013 07:12:56 PM 552 Views
it would require a constitutional amendment, but i think we could get it to pass.... *NM* moondog - 10/04/2013 11:24:26 PM 265 Views
I'm not sure it would, it could be made voluntary too Isaac - 10/04/2013 11:41:54 PM 520 Views
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