simple solution to our budget problems

1.) Raise taxes on the rich. The crazy selfish right-wingers say we should grant tax breaks to the rich?? Yeah cuz the owner of Mobile, living in his huge mansion, needs more money! Whackos.

2.) Borrow more money. Are you kidding me? Stop the debt ceiling? lmao. We can't pay other countries back unless we borrow from others! Ugh these right-ring extremists don't get it, do they?

3.) PRINT MONEY!!!! Printing money can get us out of all of our problems! As Keynes said himself, inflation is a GOOD THING!!!! lol the neocons have never taken an economics course

 

I know this is tough to understand, but the extra $70 billion doesn't cover the $1.6 trillion in deficit spending.

Cause you borrowing from one credit card to pay another doesn't mean you have less debt, means you just have another credit card.

And screw over all those that have saved for their own retirement because you have just devalued the currency. Wow, just plain bad economics really. Not to mention this was the cause of the great depression when Germany printed out as much of their currency as they could to pay back debts. The Weimar Rpublic crumbled and collapse due to this policy, and now you want to repeat it for the largest economic machine in the world?

Inflation is never a good thing. There is never any proof that Keynes theory could ever, or has ever worked.

 

Then tax more!!! lol

It means you don't have to deal with it.

Wow, really? Your doubting Keynes? He was the best economist and now almost all colleges teach his economics. Are you an idolized economist that all colleges base their economic theory off of? I thought not!

 

Is this troll economics? Taking everything the rich make still only equals about $400 billion.

Glad there is still no proof that Keynes economics still don't work. Name a single country that has ever applied this and was succesful.

And you do have the deal with debt, if not from one credit card or another, you still have debt.

I will bid you farwell internet troll. Nothing you have typed makes a bit of sense.

 

Uh... try the Great Depression? Right-wingers put us in it, Keynes took us out of it.

Ask ANY ECONOMNIST. Professors, whatever. You obviously don't know what your talking about.

And how does it matter if there's debt when there's no issue with it?

Oh, and that 400 BILLION dollars can go to poor people instead of these rich greedies!!!

 

Cut spending. How about Obama and the senate democrats pass a budget. They have yet to do this during this administration.

Don't worry Obama has a new finance guy. Here is what he said

http://economix.blogs.nytimes.com/2009/01/12/a-future-consumption-tax-to-fix-todays-economy/

Alan B. Krueger is an economics professor at Princeton.


Here is a suggestion to address both the short-run and long-run problems. I pose it only as a suggestion for serious discussion; I’m not sure it is the best way to go. But here goes: Why not pass a 5 percent consumption tax to take effect two years from now? There are many different ways to implement a consumption tax, but for simplicity think about a national sales tax.

 

No to both.

Please do, at best the Great Depression was solved by WWII, at worst, they don't know. They will agreee, Keynes didn't.

There is no problem with credit card debt, until it is too late.

They would get it once, then nothing.

What do you think the entitlement spending is now? A hint, well over $400B per year...

 

Liberal Activist or maybe this is Fidel himself; One question, what happens when those "rich greedies" all exit, they are in groves from some States or the Country and no one is left to invest in, provide jobs or pay taxes? What happens then....

 

The rich don't have to leave, they can just "John Galt". A virtual "Galt's Gulch" would be very easy to create, and hide.

 

I propose building it underwater and calling it "Rapture".

 

raising taxes on the rich guarantees more wealthy will leave the country, going deeper into debt means a bigger debt to be repayed in the future, and finally print more money? Are you serious? You want to end up like argentina?

 

Successful troll is successful...

 

Let's be honest here. If anyone was REALLY serious about the debt, they would cut spending and raise taxes. But neither party ACTUALLY cares about the debt and are only using it as an excuse to push through their political ideology (for Repubs. it's smaller government, and for Dems. it's progressive taxes).

 

The repubs tried to raise revenues, the dem senate wouldn't vote on the bill. The only place the dems are willing to cut is the military which is already making cuts. How much has been but from Medicare, medicaide and social security? How much has been cut from welfare? There is no compromise from dems, it is either cut what they ALWAYS want to cut, or raise taxes ONLY on the rich.

The Reps said they would raise revenues from all facets, and cut from everywhere. So who is really not trying to compromise?

 

Have you lost your mind? You're over-hydrated.

You ARE kidding, right???

 

Keep in mind that the Dems. proposed $4 trillion in cuts in exchange for $1 trillion in revenue and it was rejected by the Republicans. Both parties are engaging in political obstructionism, which shows how not-serious they are about the debt; they just want to use it for political gain.

 

how about making all politicians work for free?

 

$4T in cuts:

When?
On what?
Over 10 year?, 100 years?
Once, or on going?
Cuts, or reducing scheduled increases to only twice cost of living?​

$1T in reveneu:

When?
On who?
Over how long, 10 years? 1 year?
Once, or forever?
Do you thing the Democrats are any more interested in losing their golden goose (the rich) than the Republican's?​

All of this was very vague, almost a vague as Obamas perpetual laser focus on jobs.

 

How about just making politicians actually work?

 

nah, I think thats asking too much of the lazy bums

 

Yeah, I am with him ^^^. There was never a plan from dems, the Republicans put up the 4 trillion in cuts (cut cap balance) and it was never voted on. Republicans put up "The road to prosperity", and it was't voted on. Nothing the republicans do that is exclusively republicans baby is even voted on, even if it raises revenues.

 

Republicans try to raise revenues by eliminating tax breaks for the poor and working people while keeping them for the rich.

 

Prove it. Or are you talking about credits that actually just redistribute the wealth by allowing the poor to get back more than they paid in?

 

The republican leadership recently announced that they will oppose the renewal of the reduction in FICA taxes, taxes that poor and working people pay, while remaining adamant that the Bush tax cuts on the wealthy are made permanent.

It has been all over the news so you can find it out for yourself from your favorite biased news source with a little effort.

 

Are you actually unaware of the FICA increase the GOP favors? Or is this some attempt at being disingenuous.