Well, you have a couple choices -- The Rosewater Foundation, Rosewater, Indiana

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Date Posted: 06:26:04 08/11/11 Thu
Author: Paul Davis
Subject: Well, you have a couple choices
In reply to: Jeffman 's message, "Re: The fall is accelerating" on 14:26:51 08/10/11 Wed

The Federal govt could quit supporting the states altogether, cut the military by half, cut disability and medicaid and stop the SSA COLA increases. They'd also have to drop the USACE support of the Mississippi and let the states worry about it, stop most dam and flood controls too. Drop all disaster relief. And quit giving money to agriculture.

OFC, if they do all that, the economy will crash, but the budget will be balanced without raising taxes. Plus, there'll be a lot of floods and shipping will go to hell in a haycart, but it seems to be what the Tea Party wants to see happen.

OTOH, they could raise taxes to the level of GDP that they are running as outlay. Given three wars (or 2 and a half) it's actually quite low, only 23% for Federal spending. They are taking in about 15% of GDP in taxes and fees and etc., so that's quite a gap. Trouble is, 30 odd years of Republicans saying over and over "if you reduce taxes, you increase govt income" seems to have a large number of people convinced that this is true, even though history shows it's not and that tax cuts generally do not stimulate the economy in any real sense - at least not at the levels of taxation present in the US since the 80's.

We need a dose of realism in govt, and we ain't getting it.

>Curious to see where we land. I think over the last
>few years we have been given plenty of warning to
>change course and fix things but those in charge are
>ignoring the things that they are doing that
>exacerbates the other things that are going on that is
>causing the economy to go belly up

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Replies:

Re: Well, you have a couple choices -- Greg, 06:05:45 08/13/11 Sat
- Re: Well, you have a couple choices -- Paul Davis, 10:55:51 08/28/11 Sun
  - Re: Well, you have a couple choices -- MaryAnne, 08:07:25 09/12/11 Mon
    - Re: Well, you have a couple choices -- Greg, 13:14:21 09/14/11 Wed
      - Re: Well, you have a couple choices -- MaryAnne, 12:49:38 09/15/11 Thu
        Re: Well, you have a couple choices -- Greg, 14:14:57 09/16/11 Fri
        Re: Well, you have a couple choices -- MaryAnne, 08:29:29 09/17/11 Sat
        Re: Well, you have a couple choices -- Greg, 10:38:53 09/19/11 Mon
        Re: Well, you have a couple choices -- Jeffman, 05:04:22 10/02/11 Sun
        Re: Well, you have a couple choices -- MaryAnne, 13:22:45 10/02/11 Sun