airdvr 210 #1 November 22, 2011 http://www.snrdenton.com/pdf/The%20BCA%20Timeline.pdf Put 12 political fucknuggets in a room and ask them to shave a mere pittance off the budget and they were too worried about re-elction to do the right thing. Dog and pony show. Please don't dent the planet. Destinations by Roxanne Quote Share this post Link to post Share on other sites
dreamdancer 0 #2 November 22, 2011 perhaps they should consider this... QuotePoliticians seek creative ways to balance the budget, but they stubbornly refuse to consider even a tiny sales tax on the financial purchases of their friends in the business world. Instead they choose measures that are effectively taxes on the middle-class: cutbacks in police and fire departments, mental health clinics, and libraries; new fees on transportation and city services. The financial transaction tax (FTT) is a sensible tax, an obvious tax. It would help guard against the reckless speculation that contributed to the financial meltdown. And as demonstrated in England, it is easier to administer than federal income taxes. How much revenue could be generated by an FTT? According to the Center for Economic and Policy Research (CEPR), at least $150 billion a year, which is about the size of all 50 state budget deficits combined. Another CEPR analysis estimated a return of $353 billion. A study by the Chicago Political Economy Group concluded that $537 billion could be generated annually by an FTT. That equates to 15 million jobs at $35,000 per year, which could put all unemployed Americans back to work fixing America's highways and water systems and energy grids. http://www.commondreams.org/view/2011/11/22-6stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
rehmwa 2 #3 November 22, 2011 Quotethey choose measures that are effectively taxes on the middle-class: cutbacks ..... Only here can someone call reduction in spending a "tax" on someone - and still keep a straight face. ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
lawrocket 3 #4 November 22, 2011 The failure of this super committee was guaranteed a year ago. If you’ll recall, last December the Bowles-Simpson commission appointed by the President put forth its report. What did the president do with his own commission’s plan? He ignored it! He outright ignored it! Then what did he do? The President played ball with the GOP. I recall the Democrat leaders being white hot mad that the President went over their head and dealt directly with the GOP leadership, kept low taxes and increased spending. Added an estimated $4 trillion to the deficit over ten years. This was at the same time the President received the commission’s report. So then a month later the President delivered his State-of-the-Union address and brought up the need for fiscal responsibility, lowering the national debt, and re-prioritizing the spending. Oh. No he didn’t. He merely proposed MORE spending on infrastructure and education without mentioning the long-term costs. And still didn’t mention his own commission’s report. Bowles and Simpson both agree that spending needs to be cut before revenue increases in order to prevent the issues that Reagan had. They agree that the revenue increases generated during the Reagan years were followed by even more spending increases and that it will always happen that way. But that’s not how politics go. Bowles and Simpson are also strongest in their advocacy that entitlements MUST be rearranged. Said Erskine Bowles: Quote The economics is very clear. The politics, very difficult. I'll give you one little simple arithmetic example. If you take 100% of the revenue that came into the country last year, every single dime of it was consumed by our mandatory spending and interest on the debt. Mandatory spending in English is basically the entitlement programs, Medicare, Medicaid and Social Security. That means every single dollar we spent last year on these two wars, on national defense, homeland security, education, infrastructure, high value-added research—every single dollar was borrowed, and half of it was borrowed from foreign countries. This wasn’t Ron Paul saying this. It was Erskine Bowles. And Bowles said that he wishes we had Clinton in office because Clinton would have taken the proposal and run with it. I get the sense that they resent the President more than anybody for outright ignoring them. And the GOP and Democrats for putting politics above responsibility. I mean, can you imagine these guys? Working to put together something that would set the country on better footing just to be ignored by the people that charged them with the task. They’ve been pushing for it since then. But since both are political insiders, they knew that even with the shit going on in Europe that our current occupants of the Legislative and Executive Branch lack the anatomy to do it. There was simply no way to succeed with this. The death knell for their plan occurred when it was ignored at the outset. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
lawrocket 3 #5 November 22, 2011 QuoteHow much revenue could be generated by an FTT? According to the Center for Economic and Policy Research (CEPR), at least $150 billion a year Hmm. So enough to not borrow any money for the month of January. How about the months of February-December? Got any ideas about those? Or should we rein in the big four (Medicare, Social Security, Medicaid and Interest) that eat up our entire revenue stream? My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
dreamdancer 0 #6 November 22, 2011 QuoteQuoteHow much revenue could be generated by an FTT? According to the Center for Economic and Policy Research (CEPR), at least $150 billion a year Hmm. So enough to not borrow any money for the month of January. How about the months of February-December? Got any ideas about those? yep - a decent inheritance tax... and don't you have a defense budget? all those bases in all those countries cost an awful lot - for very little return...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
Amazon 7 #7 November 22, 2011 QuoteQuoteHow much revenue could be generated by an FTT? According to the Center for Economic and Policy Research (CEPR), at least $150 billion a year Hmm. So enough to not borrow any money for the month of January. How about the months of February-December? Got any ideas about those? Or should we rein in the big four (Medicare, Social Security, Medicaid and Interest) that eat up our entire revenue stream? Psssst.. you forgot that 800 pound gorilla in the room again... Quote Share this post Link to post Share on other sites
