Surprise, surprise Team Obama floats VAT

#51
#51
lawgator1 said:
I concur.

Luckily, the Obama spending stimulus plans are beginning to really work and turn around the economy wrecked by Bush.
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yeah that's why unemployement is still at 10%. and please explain specifically how bush wrecked the economy.
 
#52
#52
utvolpj said:
I forgot we were now only passing bills with no pork. How much has been spent in the past year that could have gone to the bottom line? Green golf carts and frisbee golf courses are necessary but there are others we can agree aren't needed
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Krazillions.

I don't like it, either. It's the main thing that pisses me off at the Democratic Congress -- the failure to stand tall and kill these pork projects.
 
#53
#53
lawgator1 said:
Cut spending by how much and where?

How about we cut out the tax breaks for the oil companies? How about we get rid of the break for writing off mortgage interest for homes worth over $1 million?
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How about we get rid of the home mortgage interest deduction entirely (not being facetious)?
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#54
#54
lawgator1 said:
Well, it appears that everyone is resigned to the fac t that there will have to be an overall, gross increase in revenue, at some point, to pay down the debt. I understand the argument that government should be reduced in size, but even if you trimmed quite a bit from what I understand the deficit would linger.

So, if there has to be an increase in revenue, I was always under the impression the GOP would prefer something other than a high income earner income tax increase.

They might prefer a sales tax increase, collected at the register. But it seems like the dampening effect would be felt whether it was collected there or in process.
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In the end LG, for whatever reason, taxes are being raised on many different fronts when he said he could do it all without raising any. Typical politician speak from both sides of the isle.
 
#55
#55
lawgator1 said:
Krazillions.

I don't like it, either. It's the main thing that pisses me off at the Democratic Congress -- the failure to stand tall and kill these pork projects.
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so why do you believe the stimulus plan is working if you think most of it was wasted?
 
#56
#56
paul1454 said:
How about we get rid of the home mortgage interest deduction entirely (not being facetious)?
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Ha! Well, given the current state of affairs in the housing industry, I'd say that kind of hit to the sale and resale of homes is about as likely as I am to win the Master's this year.
 
#58
#58
lawgator1 said:
Ha! Well, given the current state of affairs in the housing industry, I'd say that kind of hit to the sale and resale of homes is about as likely as I am to win the Master's this year.
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You can't even win our tournament. Which will also have a tax levied on it at this rate.
 
#59
#59
and that's my point. Quit spending our money like there's an endless supply and start doing like the rest of the US and cut some of the crap.

Neither my wife nor I have gotten a raise this year but we were still able to pay off big chunks of debt. If I'm smart enough to do it then surely the brilliant people in DC can think of it too.
 
#61
#61
lawgator1 said:
I concur.

Luckily, the Obama spending stimulus plans are beginning to really work and turn around the economy wrecked by Bush.
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I am trying to remember which party held both chambers of Congress when the economy tanked, can you help?
 
#62
#62
droski said:
so why do you believe the stimulus plan is working if you think most of it was wasted?
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Well, first, I was sort of yanking your chain when I said that the stimulus was what was turning things around (if they really are turning around). And, you may have missed it, but above I said I too criticize the Congress for the pork spending.

Having said that, I do think that the pork spending that is the most obnoxious purely political payoff hardly represents the whole plan, and in fact in reality is a very small part of it.

Doesn't make it right, I agree. But if you are POTUS or Dem leadership and need the vote to do something you believe is truly necessary to breathe some life back into the conomy, then I guess you hold your nose and do it.
 
#63
#63
paul1454 said:
Oh I hear ya. I wasn't talking about right now, just in general.
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the problem is it would tank the housing market anytime in the future as well. though i must admit i dont understand why i can deduct margin interest, mortgage interest, but not credit card interest. edit: though i'd be fully in favor of eliminating the ability to do tax free exchanges with real estate (particurally with non owner occupied units).
 
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#64
#64
lawgator1 said:
Cut spending by how much and where?

How about we cut out the tax breaks for the oil companies? How about we get rid of the break for writing off mortgage interest for homes worth over $1 million?
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How about entitlement spending? I know that is your party's base and they may get angry but that would be a great start. And defund the healthcare bill.
 
#65
#65
droski said:
the problem is it would tank the housing market anytime in the future as well. though i must admit i dont understand why i can deduct margin interest, mortgage interest, but not credit card interest.
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The same reason it will be pretty difficult to undo health care.

Once a big break is written into the law for some political purpose, its tough to take it back.
 
#67
#67
lawgator1 said:
Having said that, I do think that the pork spending that is the most obnoxious purely political payoff hardly represents the whole plan, and in fact in reality is a very small part of it..
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i'd estimate it was over 70% at least.
 
#69
#69
lawgator1 said:
Cut spending by how much and where?

How about we cut out the tax breaks for the oil companies? How about we get rid of the break for writing off mortgage interest for homes worth over $1 million?
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eliminate:

Department of Energy
Department of Education
Housing and Urban Development
no more funding for NPR, NEA, or PBS
the IRS (and go to a strictly consumption-based revenue structure for the federal government)
phase out Social Security over time
Eliminate labor unions for government employees, including teachers' unions
restrict Congressional travel overseas
enact a Balanced Budget Amendment to include an elimination of earmarks and other drop-in legislation
eliminate all federal social welfare programs
repeal the 17th Amendment


that's just a start. I believe that the federal government has been violating Article I, Section 8 of the Constitution for decades and if it is pushed back behind that wall, this nation would be much better off.
 
#70
#70
MG1968 said:
eliminate:

Department of Energy
Department of Education
Housing and Urban Development
no more funding for NPR, NEA, or PBS
the IRS (and go to a strictly consumption-based revenue structure for the federal government)
phase out Social Security over time
Eliminate labor unions for government employees, including teachers' unions
restrict Congressional travel overseas
enact a Balanced Budget Amendment to include an elimination of earmarks and other drop-in legislation
eliminate all federal social welfare programs
repeal the 17th Amendment


that's just a start. I believe that the federal government has been violating Article I, Section 8 of the Constitution for decades and if it is pushed back behind that wall, this nation would be much better off.
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Probably happen anyway when it goes bankrupt. I'm certainly not expecting to get anything back when I retire.
 
#71
#71
the problem is old people vote. no one will have the balls to eliminate social security. instead they'll just tax the crap out of it for anyone who makes over $100k a year.
 
#72
#72
MG1968 said:
eliminate:

Department of Energy
Department of Education
Housing and Urban Development
no more funding for NPR, NEA, or PBS
the IRS (and go to a strictly consumption-based revenue structure for the federal government)
phase out Social Security over time
Eliminate labor unions for government employees, including teachers' unions
restrict Congressional travel overseas
enact a Balanced Budget Amendment to include an elimination of earmarks and other drop-in legislation
eliminate all federal social welfare programs
repeal the 17th Amendment


that's just a start. I believe that the federal government has been violating Article I, Section 8 of the Constitution for decades and if it is pushed back behind that wall, this nation would be much better off.
Click to expand...

Add Medicare and Medicaid and we'll be running surpluses like it's going out o style.
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#73
#73
lumberjack4 said:
Add Medicare and Medicaid and we'll be running surpluses like it's going out o style.
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i have a client worth around $10 mil who was *****ing to me that her medicare was going up to $500 a month. this was minutes after she told me that she has a nurse (at no cost to her) come 4 days a week. let's just say i wasn't pleased.
 
#74
#74
MG1968 said:
eliminate:

Department of Energy
Department of Education
Housing and Urban Development
no more funding for NPR, NEA, or PBS
the IRS (and go to a strictly consumption-based revenue structure for the federal government)
phase out Social Security over time
Eliminate labor unions for government employees, including teachers' unions
restrict Congressional travel overseas
enact a Balanced Budget Amendment to include an elimination of earmarks and other drop-in legislation
eliminate all federal social welfare programs
repeal the 17th Amendment


that's just a start. I believe that the federal government has been violating Article I, Section 8 of the Constitution for decades and if it is pushed back behind that wall, this nation would be much better off.
Click to expand...

It's amazing to me the highlighted can't feasibly be done. Constitution aside, it is common sense from a cost cutting perspective.
 
#75
#75
let me also add that the US should adopt English as the official language and all business conducted by the Federal Government is done in English.
 
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