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**urbalatte** · 04-21-2011, 04:32 PM

Truth is, both parties know something has to be done, yet neither seem to be willing to compromise. And that is the biggest problem, IMO.

That's because there is no compromise on cutting spending, and given the state of our industry now, do you really think making that more expensive to do is a good idea?

The Pubs insist on cutting spendiing while giving more tax breaks, while the dems seem to want the opposite.

Basically.

The compromise lies in cutting spending, while increasing tax revenues. The revenue issue requires overhauling the tax codes, eliiminating loopholes put in there by special interests, and in the process lowering tax rates on income taxes, while increasing capital gains taxes. The corporate taxes need this overhaul as well, taking out exemptions given to some of those guys, the special loopholes, while lowering corporate rates, while increasing tax revenues.

Yup. And you don't need to raise the rates, and Obama and company are wanting to do in order to do that do you? And as you said, you get more out of it, and don't make our industry less competitive in the worldwide market at the same time.

That is what must be done, yet the political climate is not condusive to real reform. The Pubs are dead set on shrinking the size of gov't, perhaps in a draconian fashioin, and if the nation goes down the tubes and folks starve, that is a small price to pay. I actually think the solution lies with the dems, but they have to compromise as well.

Some will suffer BD, there's no way at all around that. Not now. The nanny state has to go, because as we've all seen, it's designed to make people feel good, but unsustainable. And it's taught our society far too many of the wrong things.

04-21-2011, 04:32 PM	#23
urbalatte Join Date Oct 2005 Posts 679 Senior Member	Truth is, both parties know something has to be done, yet neither seem to be willing to compromise. And that is the biggest problem, IMO. That's because there is no compromise on cutting spending, and given the state of our industry now, do you really think making that more expensive to do is a good idea? The Pubs insist on cutting spendiing while giving more tax breaks, while the dems seem to want the opposite. Basically. The compromise lies in cutting spending, while increasing tax revenues. The revenue issue requires overhauling the tax codes, eliiminating loopholes put in there by special interests, and in the process lowering tax rates on income taxes, while increasing capital gains taxes. The corporate taxes need this overhaul as well, taking out exemptions given to some of those guys, the special loopholes, while lowering corporate rates, while increasing tax revenues. Yup. And you don't need to raise the rates, and Obama and company are wanting to do in order to do that do you? And as you said, you get more out of it, and don't make our industry less competitive in the worldwide market at the same time. That is what must be done, yet the political climate is not condusive to real reform. The Pubs are dead set on shrinking the size of gov't, perhaps in a draconian fashioin, and if the nation goes down the tubes and folks starve, that is a small price to pay. I actually think the solution lies with the dems, but they have to compromise as well. Some will suffer BD, there's no way at all around that. Not now. The nanny state has to go, because as we've all seen, it's designed to make people feel good, but unsustainable. And it's taught our society far too many of the wrong things.
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