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Greenspan: Country can't afford McCain's tax cuts

Discussion in 'BBS Hangout: Debate & Discussion' started by bucket, Sep 13, 2008.

  1. DaDakota

    DaDakota Balance wins
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    Yes I was aware of that, but that doesn't mean we still spend far too much on it, and we spend far too much proping up governments like Israel.....we need to fix our own house before it is unfixable.

    DD
     
  2. DonkeyMagic

    DonkeyMagic Member
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    yeah, cut the military...lord knows thats not important for a countries security :rolleyes:



    i dont understand how you can say this and then you say how you want the candidate to win who would tax corporations more :confused:
     
  3. flipmode

    flipmode Member

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    cut military = stop military action in a place it's not needed and stop paying ridiculous contracts to private companies

    tell us how spending in iraq is efficiently improving national security.

    and the reason you don't understand taxing corporations and giving public tax cuts is the reason you don't understand demand-side economics. the debate is on, but you only know supply-side. you should also know that it's largely been a failed theory.
     
  4. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    you don't think we need to find a way to get mandatory spending under control first?
     
  5. wizkid83

    wizkid83 Member

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    Actually, most society human history has pretty much being filled with class warfares, revolutions, and wars about once every generation. Stability has never being something that have sustained very long. Especially if there's a pretty big gap between the haves and have nots.

    Not sayint the U.S. is anywhere near that situation right now, but I do believe that in the short run, we'd reprecussions if/when those programs starts to go away.
     
  6. DonkeyMagic

    DonkeyMagic Member
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    1) i never mentioned iraq. I'm just talking about the military in general. Personally, i think it's wise to carry the biggest stick in a fight.

    2) welcome to reality, govt spending is never effecient. However, military security and supremecy is one of the few areas where that ineffiency is acceptable in my book.

    3) you don't understand incentives.
     
  7. rocketsjudoka

    rocketsjudoka Member

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    To a certain point I agree has the last eight years have shown that our military is strained and we will need to spend money both to rebuild it, make it more robust plus pay for all the veteran's benefits that the candiates are promissing. What the last few years have shown too is that even the military needs to spend its money wiser. I would start by being much much much more careful about where we use it.
     
  8. DaDakota

    DaDakota Balance wins
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    Are you kidding? Is this a rhetorical question? I mean honestly?

    Of course we need to get mandatory spending under control, we need across the board cut backs....

    DD
     
  9. Shroopy2

    Shroopy2 Member

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    Right on. The guy who acted as though the U.S. shouldn't have to allow any bit of economic setback and just "keep the ball rolling", is now concerned about the long term negative impact of economic decisions.
     
  10. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    well you said we need to get military spending under control first. it's quite obvious that military spending isn't the area of the budget that is crushing us. so that made me wonder if you realized mandatory spending was a much much much much much much bigger issue than military spending.
     
  11. bucket

    bucket Member

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    Military spending isn't exactly small fries, either. A comprehensive approach would be to look for areas to cut back on expenses in both areas.
     
  12. TL

    TL Member

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    Is there any site out there that shows projected deficit spending under the 2 candidates? I.E. we all see articles about the financial impact of Mccain's proposed tax cuts. How about for Obama? On the whole, taxes revenues are supposed to increase, but with his proposed spending (offset by a reduction in Iraq which I am not sure will happen), what is the net financial impact there?
     
  13. Deckard

    Deckard Blade Runner
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    We could cancel the Gerald R. Ford, which is in the design and development stage. The cost is estimated at $12-14 billion and contruction doesn't begin until next year (plus $12 billion in research and development costs). The Navy is selling it as a "new class" of aircraft carrier, but while it uses many new technologies and reduces crew size by 25%, it is essentially a Nimitz-class ship, IMO. We have 9 of these amazing super-carriers in service, with another, the George H. W. Bush, due to enter service next year, for a total of 10. Of course, each carrier requires a battle group to deploy in harm's way.

    I've thought for a long time that we would be better served to have smaller carriers for power projection in the future, when the Nimitz-class is retired, several decades from now. While they are arguably the most powerful ships in the world, they are also the largest target.
     

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