DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - U.S. Debt Tops $14.3 Trillion for First Time

**maxfieldj1** · 04-19-2011, 08:37 PM

Yeah but lets do number 2 first, before ever considering number 1. Somehow Washington is not good at cutting anything and it's time they learn.

You can't. There is not enough realistic cutting that can be done in one budget to make up for or justify continuing tax cuts that were temporary anyway, continuing tax loopholes killing the effective tax rates for way to many, and other tax code imbalance issues we face. It cannot be partisan any longer, they both have failed. The budgets being offered by both sides still refuse to get tax income levels near enough to spending output levels. Meaning, both sides still in the end promote going even further into debt.

Everyone (Democrat and Republican interests) has to walk away with some real political loss here to even have a realistic chance at getting to a meaningful surplus long enough to deal with our debt. Washington not being good at cutting is only part of the issue. Again, the real issue is Washington is just not apt at dealing with a budget that actually pays for itself. The longer we wait the worse debt will get and it is time everyone got their collective heads out of their asses long enough to realize the only way out is tax changes (meaning increases from ending the tax cuts and other tax code nonsense) and spending changes (across the board, entitlements and defense included, cuts.) They go together, that is the lesson Washington just has not learned. Spending goes with taxes, changing one means looking at the other.

04-19-2011, 08:37 PM	#8
maxfieldj1 Join Date Dec 2005 Age 66 Posts 488 Senior Member	Yeah but lets do number 2 first, before ever considering number 1. Somehow Washington is not good at cutting anything and it's time they learn. You can't. There is not enough realistic cutting that can be done in one budget to make up for or justify continuing tax cuts that were temporary anyway, continuing tax loopholes killing the effective tax rates for way to many, and other tax code imbalance issues we face. It cannot be partisan any longer, they both have failed. The budgets being offered by both sides still refuse to get tax income levels near enough to spending output levels. Meaning, both sides still in the end promote going even further into debt. Everyone (Democrat and Republican interests) has to walk away with some real political loss here to even have a realistic chance at getting to a meaningful surplus long enough to deal with our debt. Washington not being good at cutting is only part of the issue. Again, the real issue is Washington is just not apt at dealing with a budget that actually pays for itself. The longer we wait the worse debt will get and it is time everyone got their collective heads out of their asses long enough to realize the only way out is tax changes (meaning increases from ending the tax cuts and other tax code nonsense) and spending changes (across the board, entitlements and defense included, cuts.) They go together, that is the lesson Washington just has not learned. Spending goes with taxes, changing one means looking at the other.
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