Solve the Budget Deficit

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Community Leader
Registered: 01-25-2010
Solve the Budget Deficit
9
Mon, 09-03-2012 - 10:06pm

I found this interactive exercise to fix the budget.  What would you do?

http://www.aarp.org/politics-society/government-elections/info-01-2011/deficit-calculator.html

chaika

Avatar for xxxs
Community Leader
Registered: 01-25-2010
Re: Solve the Budget Deficit
Sat, 09-08-2012 - 2:36pm

It is amazing why the F35 program is still going forward.  Everything written shows it is nothing but a bomb truck.

http://www.ausairpower.net/jsf.html

chaika

iVillage Member
Registered: 03-02-2009
Sun, 09-09-2012 - 10:26am

I think they have come this far and it would cost way too much to design a new fighter.  They will have to make this one work.

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 04-16-2009
Sun, 09-09-2012 - 11:16am
Plus the US has international agreements in place. Other countries The United Kingdom, Italy, Netherlands, Australia, Canada, Norway, Denmark, Turkey, Israel and Japan are part of the program and are contributing money. It is not that simple to just cancelling the program.
Avatar for xxxs
Community Leader
Registered: 01-25-2010
Sun, 09-09-2012 - 2:14pm

Another too big to fail project.  Yet is is not a fighter.  Nor can it survive in a dogfight.  As a technology demonstrator it does well.  But in actual combat?  It seems that the military and congress just do not learn from experience.  The f 35 is designed as a BVR (beyond visual range) Yet experience shows that dogfight ability is a must.  ????

    Anthony yes more cuts could be made.  But in my mind getting rid of the Bush cuts and phasing out of the deductions could mean faster financial recovery.  Any surplus in years ahead need to be saved not spent as tax cuts.  Have a rainy day fund to be prudent and pay back all the monies that were borrowed from other programs like Social Security.

  

chaika

iVillage Member
Registered: 03-02-2009
Sun, 09-09-2012 - 11:16pm
xxxs wrote:

Another too big to fail project.  Yet is is not a fighter.  Nor can it survive in a dogfight.  As a technology demonstrator it does well.  But in actual combat?  It seems that the military and congress just do not learn from experience.  The f 35 is designed as a BVR (beyond visual range) Yet experience shows that dogfight ability is a must.  ????

    Anthony yes more cuts could be made.  But in my mind getting rid of the Bush cuts and phasing out of the deductions could mean faster financial recovery.  Any surplus in years ahead need to be saved not spent as tax cuts.  Have a rainy day fund to be prudent and pay back all the monies that were borrowed from other programs like Social Security.

  

Businesses have been hesitant to hire because they are afraid of tax increases from Obama. His spending has been so massive that a tax increase could not even make a dent in the debt he has caused. He's had over a $1,000,000,000,000 in deficits every year. No tax increase can make up for that.

Besides, as heavily taxed as we are already, another tightening of the big government screws on us would just do further damage to the economy. We need to stop the insane spending so that the government stops sucking the life out of the economy.

"Resist, we much. We must, and we much. About that, be committed."

Avatar for xxxs
Community Leader
Registered: 01-25-2010
Mon, 09-10-2012 - 12:44am

The companies are looking at congress's horror of cuts coming in Jan 13 that is one of the big problems. Business likes stability.  They like knowing what to expect.  Most of the big corporations are full of money. Knowing what cuts and taxes would ease their minds.  But congress messed that up.   The tax increases are absolutely necessary.  Getting rid of the Bush tax cuts will help.  Getting rid of  AMT too. Gov't spending is part of the actual job creating as those moneys spent then are spent by the people getting wages.  The safety net programs need to be left alone.  Growth in the economy will be slow but that is an opportunity to put in place regulations to protect the consumer.  

  We know that the old ways do not work.  Been tried and failed.  The US is hardly heavily taxed.  The actual rate of taxes is lower for all of the g7 countries(the actual rate that people and corporations pay is lower than the stated amount).  One problem is that except for experts in the field of taxation the real use figures are not readily available to the general public.  The politicians are able to mislead the public.

 http://www.dailyfinance.com/2012/08/16/paul-ryan-budget-plan-average-american-family/

  It is the consumer that is also looking at not spending and in a consumer economy the is critical.  Yet the student loan fiasco is keeping many from spending since they now owe too much student loans.  The 12 thru 35 demographic is one of the most important for this consumer society.    The idea that  Gov't not spend is foolish.  Gov't has bills too.  Just keeping the lights on cost billions.  Things are not simple.  This is a global event.  Even China is having the same problems.  Europe except for Germany,Denmark,Norway,Sweden,GB is having serious banking deficiencies.  

  Many policies do hurt the stability of economics.  One is the student loan program.  It sucks the life out of the people who would be normal spenders.  When one graduates with 50 to over one hundred thousand dollars in student loans that hurts. 

 

chaika

iVillage Member
Registered: 03-02-2009
Tue, 09-11-2012 - 2:31pm
xxxs wrote:

The companies are looking at congress's horror of cuts coming in Jan 13 that is one of the big problems. Business likes stability. 

What horror of cuts are you talking about? I think they are looking at all the tax increases as the big problem.

 The tax increases are absolutely necessary.  Getting rid of the Bush tax cuts will help.  Getting rid of  AMT too. Gov't spending is part of the actual job creating as those moneys spent then are spent by the people getting wages. 

That is completely backwards. I don't know of any businesses (or people) that are looking forward to tax increases to get the economy going. How do you figure that??? The government is already spending 25% of the GDP, I doubt taking more will improve things.

  We know that the old ways do not work.  Been tried and failed.  The US is hardly heavily taxed.

What do you mean by old ways? Capitalism?  They worked well enough to make this the greatest country on Earth. The new ways of the last four years have been an obvious failure.  Government has done quite well under Obama, while the rest of us suffer. Not good.

  The idea that  Gov't not spend is foolish.  Gov't has bills too.  Just keeping the lights on cost billions. 

Government has bills too? So do I! That would go under the heading of "tough sh.." Don't spend so much then. Don't over spend and then take my money to try and cover it.  

  Many policies do hurt the stability of economics.  One is the student loan program.  It sucks the life out of the people who would be normal spenders.  When one graduates with 50 to over one hundred thousand dollars in student loans that hurts.

Go to cheaper schools, take out smaller loans. People should stop supporting the outrageous costs of these universities. 

 

 

"Resist, we much. We must, and we much. About that, be committed."

Avatar for xxxs
Community Leader
Registered: 01-25-2010
Tue, 09-11-2012 - 6:28pm

All the "isms" alone in a pure state failed.  The fact that the world is moving onto a new technological base is the new reality.  Many job classifications are no longer needed.  Tax increases to pay the debt or was that not what was wanted.  It is not rocket science.  The Bush tax cuts need to end.  Many business depend on government contracts. And the business and states, cities and counties depend on that tax revenue.  The economy will not return to the way it was.  It will have changed. 

      People have to decide what they want balance the budget or not.  It is a case of whose bull will be gored.  When it comes down to it no one wants their bull to be the one gored.  There have been other capitalistic economies which failed as all them do in time.  We no longer live in the "wild west".  Interlocking dependencies make that impossible.  The question is do we balance the budget or do we continue to have congress fight over it while the US credit rating goes down the tube? 

   There has been no failure except by congress.  It is the congresspersons who are holding up the progress.  State governments are doing poorly and do not have the tax resources to effect any real change. 

  The costs of higher education have to be paid if the nation will have an educated workforce.  Unskilled labor employment is disappearing.  We need a better approach than we have. If we do not educate then other nations will and reap the benefits. 

   The fiscal cliff that congress blessed us with is coming in Jan. That is the instability the many are worried about.  

 

 

chaika

iVillage Member
Registered: 03-02-2009
Tue, 09-11-2012 - 11:54pm
xxxs wrote:

 Tax increases to pay the debt or was that not what was wanted.  It is not rocket science.  The Bush tax cuts need to end.

The Bush tax cuts have been the tax code for 12 years, they did not cause the debt problem. It is the explosion in spending by the Obama administration. I believe The biggest deficit under Bush was 400-500 billion. Obama has tripled that almost every year. There is no denying that the tremendous spending is the problem. I think our government should be able to get bye on a few trillion dollars a year, don't you?

  The question is do we balance the budget or do we continue to have congress fight over it while the US credit rating goes down the tube? 

We don't even have to have a balanced budget, just keep government spending down around 18% of GDP, not the crazy 25% it is now.

 

 

"Resist, we much. We must, and we much. About that, be committed."