Democrats set to impose largest tax hike in history, take $2,000/year from you

There is plenty of pork in the budget. On a pure definition, there isn't pork in the Defense budget, but there is plenty of waste. My step-grandmother recently retired from civilian support at an Air Force base. Her joke was that you could always tell when the budget year ended by when the paving crews came. They'd repave the entire base every year just to spend what was left in the budget.

 

Good grief. It's in the genetic code, man. Not only that, but the developed nations, most of them, are NOT increasing in population, except by immigration. It is immigrants from developing countries, into developed countries, that tend to have birth rates high enough to increase population in numbers beyond staying even, or even declining. And this is coming from someone that believes in birth control and a woman's right to control her own body.



D&D. Space Balls.

 

That's exactly how every department in the world operates, no one want to turn in their surplus, they just spend it.

 

They need accountability. If my department at work had a surplus, expenditures would be easier to justify, but they'd still have to be justified.

 

Budget Surplus is a joke.

Just plain accounting magic.

We never paid off the debt so there was never any real surplus.

Anyone can do accounting magic to make it appear that we took in more than we paid out... even in the Clinton years we increased the total debt so we were falling further behind while claiming we had a 'surplus' of money-

Total Debt

 

Surplus, deficit, blah blah blah.

You people can't have it both ways. You can't claim that Bush is spending too much and then say that a tax hike is the solution. If you do believe that there is too much government spending and the deficit is too high, then the solution should be to cut the pork, not take more money from me.

I pay enough taxes already. The Bush administration has been anything but fiscally responsible. And now the Democrats want to "solve" the problem by taking more money from me? I think not. How about not cramming gobs of pork into a defense bill and then b**** to the public about Iraq withdrawal timelines?

American politics can be so useless sometimes.

 

I totally agree. Our bull**** government got us into this mess, figure it out without taking even more money away from me. They say that we (the public) need to be responsible with our money, how about practicing what you preach.

 

Actually it should be both ways.

One of the best ways to cut spending is to pay off our debt. We need more money coming in to do that. Currently almost 15% of our budget goes solely towards paying the debt. That is the third highest expenditure in our budget.

Nobody sees any benefit from it. That is money that could be saved if we reduced the debt. We wouldn't have to cut any programs, and spending would go down by as much as 15% percent.

Of course we need money to pay that off, which is why the tax cuts are problematic.

 

Can I get an amen?!!

Except for one thing. There are definitely some people who gets benefit from the interest on the debt, and those people are the ones who "call the shots" with no real defined power.

 

true. point taken

 

We have not paid any of the debt down in years.

We cannot possibly borrow or tax our way to future economic prosperity. We will run out of our 'debt bubble' economy one day... then we will crash.

Unless of course we stop borrowing altogether and start paying back.

Our problem is not taxes our problem is debt. (It is impossible for us to tax our way out of our debt)

Based upon the amount of money we borrow there is no need to pay any taxes anyways. Just borrow an additional 900 billion this year and forget the taxes altogether.

 

Who put the government in power?

Representative democracy is a beyatch..

 

I haven't read the entire thread as most of it is a bunch of internet posters pretending they're experts on the economy but the thread title is pretty irresponsible.

If I recall, the tax cuts are simply expiring. Nobody is hiking up taxes, they're just not renewing the cuts.

 

^
yeah, thats right. They wont be extending the current system, but by not doind so it will 'hike' the tax rate back up.

 

But this is just as much a fault of the Republicans as the Democrats. The Republicans could have not had the tax cuts expire so quickly. It's all a ploy to make political hay out of it by now saying that the Dems are hiking taxes.

I'm all for tax cuts but if you pass tax cuts and don't make them permanent when you have the chance you can't complain if someone else decides to not renew them.

 

Tax cut is fine, but do they cut spending and pork? Hell no!

 

Don't count on logic doing you any good, halfbreed, but good luck.



D&D. Taxes in Space.

 

I assume that you practice what you preach. so, have u neutered yourself ?

 

that's just rhetorics that meaningless.

just the opposite. there is lot of black market activities, so much so that people just accept as being a way of life.

income tax is income tax, sales tax is sales tax.

do you know what the impact on saving after the EU nations opted for national sales tax. the answer is negligible.

 

Not meaningless at all. You exempt food, medicine, and most of the things that are exempt now. Then, you give a $5000 exemption for each adult and a $2500 exemption for each child and a family of four can buy all of their food, medicine, and $15,000 in other goods before they ever pay any federal sales tax at all.

Really? What big-name firms allow their products to get out on the black market?

Personally, I would also exempt used goods, which would create a legal market for non-taxed items, which would minimize black market activities even more.

Not according to the numbers that I saw. I don't have time to look it up right now, but when we had another thread a while back, I was able to find a source that said that several countries in the EU saw 10% and higher gains in savings rates after a VAT, national sales tax, or consumption tax was implemented.