[justdoit]

All this talk of a fiscal cliff!
Heres my problem,
Nobody is talking about our debt. All I hear is if we inact this automatic round of entitlement cuts and getting rid of the Bush tax cuts this country can't survive, bla,bla,bla. Gonna be another big recession. But even with all this so called gutting and raising taxes to pre 2000 levels we are still in the red as to our to our day to day budget!! How big is the recession going to be when China calls our bluff and refuses to lend us more money.
So yea its gonna hurt, but let the pain begin! We can't keep this budget deficit going as it is.
:evil:

[BilboBagend]

Fiscal Conservatism is about debt reduction and balanced bufgets, along with rational, spending for the good of the people.

Fiscal Conservatism has nothing to do with eliminating government through irrational and destructive tax cuts. There are presently no identifiable fiscal conservatives leading the Republican or tea parties.

[RealJustme]

So yea its gonna hurt, but let the pain begin! We can't keep this budget deficit going as it is.

We currently have leaders in place who have never managed a budget, all they know what to do is write more checks and keep doing so until they're out of office...then it's someone's else's problem. The reason most of us are against more taxes is we know it'll just mean more spending and increasing entitlements plus the size of Government. The increased taxes won't go towards paying down the debt, it'll go towards increasing spending so next year we'll have to raise taxes even more. Hell, the Administration is calling anything less than last years budget plus the 800 billion dollar stimulas a cut in the budget...only an idiot would consider a one time stimulus as being a "permanent" item on future budgets but Obama does it without a blink of the eye.

NO TAXES INCREASES until the spending is under control!

[elklindo69]

The only way to meaningfully cut the debt is to increase taxation and decrease spending.

Currently the government takes in taxes at a rate of 15% of GDP well below the 18% historical average. And they spend is around 24% of GDP, well above the historical average.

If it were up to me, I think they should go off the fiscal cliff with the massive tax increases and spending cuts. It will hurt in the short run, but will be beneficial in the long run.

[RealJustme]

[quote]If it were up to me, I think they should go off the fiscal cliff with the massive tax increases and spending cuts. It will hurt in the short run, but will be beneficial in the long run.[/quote

I would agree but we have a power grabbing leader much worse than Morsi in office...he'll push the tax increases including taxing your 401k and other assets while "totally" ignoring the required spending cuts. He'll increase spending and rape those who work for a living.

[BilboBagend]

The fundamental problems in this country all have to do with the transfer of wealth out of the middle class and into the hands of the powerful. Poor health care, bad roads, etc. All due to the wealthy gaming the system. Bad cheap food. All due to the wealthy gaming the system. The problem is lowering taxes for the wealthy and bankrupting the governments and the middle class. The uber wealthy have been extremely successful at dismantling the government and the middle class. for their own benefit. Plutocracy rules and abuses the rest of the world. Plutocracy convinces the corrupt and the stupid to believe their bullshit.

[RealJustme]

Poor health care, bad roads, etc. All due to the wealthy gaming the system.

I would guess that at least 75% of Obama supporters receive more than they contribute to our system. At least 90% of his die hard core supporters receive more than they contribute. We know who is gaming the system and it's not those paying more taxes into the system than they're receiving.

[BilboBagend]

The American people contribute everything. Their labor. Their ideas. Their sweat. Their lives. The wealthy simply skim the financial systems taking what they want.

[RealJustme]

The American people contribute everything. Their labor. Their ideas. Their sweat. Their lives.

An ever smaller amount of American people contribute everything while an ever growing amount of Americans and undocumented alliens take while not giving their fair share. A flat tax would insure at least they paying something based upon their consumption.