Let's solve the tax problem without Volcker

[Ivanovich]

Quote from clacy:

Here's an easy way to solve the problem.........

The President, VP, and Congress all make a modest base salary ($70,000) but are retroactively paid a large bonus if the budget is balanced, or is at least trending that way.

Example.....

Budget is balanced in previous year: $500k bonus for congress, $750k bonus for House/Senate leaders, $1mm for President.

Budget deficit was lowered significantly (30%+) in previous year: $350k bonus for congress, $450k senate/house leaders, $750k for President.

And so on.


This type of compensation scheme would get results, as well as increase significantly the caliber of politician that runs for office.

Great idea. But does anyone think that they would tell the truth? They'd manipulate all the statistics.

 

[clacy]

Quote from endsongs:

When there is a democratic prez, everybody wants to cut spending and raise taxes. Then, when the repub president comes in, he says : look, we have a balanced budget/surplus so lets raise spending and cut taxes for the wealthy. The cycle then repeats. But, the debt is now so high from deficits that mostly originated under repub presidents that this can't continue much longer.

Bush's deficit spending (ALL 8 YEARS) < Obama's deficit spending (ONE FREAKING YEAR)

Deficit spending under ALL previous administrations < Projected Obama spending in his first 5 years in office

 

[clacy]

Quote from Ivanovich:

Great idea. But does anyone think that they would tell the truth? They'd manipulate all the statistics.

Sure but you could create an independent body to audit the results. Also, they already try all the tricks in the book to lie about the numbers anyway.

 

[endsongs]

Quote from clacy:

Bush's deficit spending (ALL 8 YEARS) < Obama's deficit spending (ONE FREAKING YEAR)

Deficit spending under ALL previous administrations < Projected Obama spending in his first 5 years in office

Check treasurydirect. gov for the official deficits. Bush ran a >1T deficit his last year and passed that same bloated budget off to Obama for 2009. Obama reports the real deficit not just the "cash only" deficit the repubs report to make it look smaller.

 

[Scataphagos]

Quote from Ivanovich:

Great idea. But does anyone think that they would tell the truth? They'd manipulate all the statistics.

If we're ever going to reign in spending, it will have to be with a balanced budget amendment to the Constitution. (Presuming, of course, that the Obama administration doesn't REPEAL the Constitution...)

We had a law which mandated a balanced budget in '87. But as obeying it "wasn't fun", Congress just chucked it into the trash.

 

[zdreg]

Quote from Kicking:

Yeal I am always for cutting spending.
America has to withdraw most troops from Iraq and Afghanistan, and cut military spending. Divert some of those savings to education so we don't have dumb people happily going to war for their government and shooting indiscriminately at civilians

http://www.collateralmurder.com/


Then let's cut the ridiculous expenses of governments everywhere.
Let's drastically cut healthcare expenses by stopping the fleecing of patients and governments by the healthcare sector.

education? paying teachers more than doesn't make them better teachers. chemistry teachers etc. are already making more than chemists in the private sector.

no matter what u think about the military mission in Iraq and Afghanistan american troops do not shoot indiscriminately at civilians. your remark is untrue and shows that you need to increase your knowledge of world politics.

 

[clacy]

Quote from endsongs:

Check treasurydirect. gov for the official deficits. Bush ran a >1T deficit his last year and passed that same bloated budget off to Obama for 2009. Obama reports the real deficit not just the "cash only" deficit the repubs report to make it look smaller.

I believe you're right, but the point is that is absurd to blame this all on Bush/Republicans.

Remember who controlled the congress in Bush's last year of office as well.

 

[achilles28]

The answer? Abolish the income tax, abolish the fed, implement a 15% consumption tax, cut Government spending by 70%, peg the dollar to metals, erect a 50% import tariff against developed countries, then let the economy crash and right itself.

Will never happen. Hence, our impending destruction.

 

[jd7419]

Quote from endsongs:

Check treasurydirect. gov for the official deficits. Bush ran a >1T deficit his last year and passed that same bloated budget off to Obama for 2009. Obama reports the real deficit not just the "cash only" deficit the repubs report to make it look smaller.

Where can i find this info on the site?

 

[zdreg]

Quote from clacy:

I believe you're right, but the point is that is absurd to blame this all on Bush/Republicans.

Remember who controlled the congress in Bush's last year of office as well.

bush and the republicans are to blame. Bush let paulson take control of the bailout with his socialist measures. the republicans nominated a clueless old man for their presidential nominee. Obama more so than hilliary clinton saw the handwriting on the wall. now the US has a president who says he believes in free enterprise while trying to nationalize the financial system.

"NEW ORLEANS – Former House Speaker Newt Gingrich is calling Barack Obama "the most radical president in American history."

http://news.yahoo.com/s/ap/20100409/ap_on_re_us/us_republicans_gingrich_1/print

Gingrich is a potential presidential candidate in 2012 who says his fellow Republicans must work together to stop what he calls Obama's "secular, socialist machine."

this is the price the US is paying for a failed republican leadership inc. bush.