Currently if nothing changes Obama breaks his tax pledge in 2010

NigelTufnel said:
The only way to deal with the problem is a combination of spending cuts on the entirety of the discretionary spending budget, including defense, increasing taxes and some sort of Medicare reform. The first is hard, the second is harder and the third is damn near impossible.
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No question... the entire process will be tough.... and I seriously doubt anyone in DC right now has the stomach for it.
 
Jarod said:
He said he would not do it.... Not "it will not happen under my watch"!

If he signs into law something that will increase those taxes... you would be correct. If he vetos something that changes those taxes... you would be correct. But to break this promise he must take some affirmative action.
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No, he pledged that, "no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

That is pretty affirmative, it will be repeated and if he allows those taxes to increase he will be held accountable even if you don't think it is fair.
 
Damocles said:
No, he pledged that, "no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

That is pretty affirmative, it will be repeated and if he allows those taxes to increase he will be held accountable even if you don't think it is fair.
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Id have to see that in context, but if that is what he said, and nuthing around it to moderate the strength of that statement, you are correct and I was wrong.
 
leaningright said:
Listen to what Onceler is saying. Cuts can be made in a lot of places. I am as pro-military as they come but I know cuts can be made there. Other places too. How about Congressmen's salaries/benefits. If the jokers really cared about helping this country they would look inward first....most of them don't need what we pay them anyway. And don't get me wrong, I am not against paying someone for the job done but when you look at some them and what they receive....and what they actually do....we ain't getting our money's worth.
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1. A cuts only approach requires about 500 billion in cuts, or half of discretionary spending. The military itself would need to be eliminated.

2. Cutting salaries, an old populist favorite. Congratulations on eliminating 0.000000001% of the budget.



Deficit peacocking at its finest.
 
These tax raises will take in 30 billion, and people are whining to high heaven about them. We need about 400 billion in tax raises or budget cuts. Let's be honest - this is never going to happen. All we're going to get is a bunch of deficit peacocking.
 
Superfreak said:
The $500 billion in waste (over the next ten years) that Obama found in Medicare/Medicaid would be a good start.

The defense budget would be another where I would bet we could find a lot of waste.

Education.... plenty of administrative waste there
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50 billion over a single year. You're 1/10 there. Now you just have to make sure the medicare taxes go to paying down the deficit, instead of just cutting them.

I think we could easily take 100 billion out of the defense budget. So that's about 150 billion in cuts there.
 
Onceler said:
Social Security is another area that hasn't come up in this discussion - privatize, baby....
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And are you going to send the social security taxes to paying down the deficit? Or just eliminate the social security taxes with the social security system? Cus if that's you're plan, you've gotten us nowhere.
 
Very High inheritance tax....

Exemption for money spent on education of ancestors and to pay off your homestead if your hires would like to do so.
 
Jarod said:
Very High inheritance tax....

Exemption for money spent on education of ancestors and to pay off your homestead if your hires would like to do so.
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THat is MUCH MUCH more fair than taxing the guy who is working hard for his family.
 
Onceler said:
Social Security is another area that hasn't come up in this discussion - privatize, baby....
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If you look at this chart and see a Social Security problem you need to have your head examined. It is quite obvious where the problem lies:

picture-10-1.png



Social security needs some tinkering at best, something akin to what Tip O'Neill and Reagan accomplished should suffice. And privatization would slap another $3 trillion on the deficit in up-front costs.
 
Atheistmark said:
1. A cuts only approach requires about 500 billion in cuts, or half of discretionary spending. The military itself would need to be eliminated.

2. Cutting salaries, an old populist favorite. Congratulations on eliminating 0.000000001% of the budget.



Deficit peacocking at its finest.
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I think you failed to see/remember this from a previous post:

"Neither. Keep taxes the same (maybe a mild increase on those over 500K) and freeze government spending while looking for ways to decrease it."

Oh, and good luck with that "eliminating the military" suggestion. Get elected with that as a campaign platform. :)
 
NigelTufnel said:
If you look at this chart and see a Social Security problem you need to have your head examined. It is quite obvious where the problem lies:

picture-10-1.png



Social security needs some tinkering at best, something akin to what Tip O'Neill and Reagan accomplished should suffice. And privatization would slap another $3 trillion on the deficit in up-front costs.
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Chill, dog. I didn't say it was "the problem." I said it was "a problem."

I've seen the argument about adding to the deficit, but in the long run, won't it save many more trillions?

As for myself personally, I find it unfortunate that my contributions will only yield a 2% benefit over the long-run. To me, privatization makes sense on a whole lot of levels...
 
leaningright said:
I think you failed to see/remember this from a previous post:

"Neither. Keep taxes the same (maybe a mild increase on those over 500K) and freeze government spending while looking for ways to decrease it."

Oh, and good luck with that "eliminating the military" suggestion. Get elected with that as a campaign platform. :)
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I was actually saying that to just point out how absurd it was. :-/
 
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