On US Taxes, Spending and Deficits

Quote from Random.Capital:

Well, no, not necessarily, there are plenty of healthy economies that spend similar amounts.

The problem IMO is that the US is running a "we're laissez-faire!" revenue system with a "we're liberal socialists!" spending system.

Something has to give...
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Probably won't "give" until we feel enough pain.
As a nation, we haven't felt enough pain yet.
Not that I want anymore suffering in my country (USA), but
isn't that the way it always goes?
 
Quote from Random.Capital:

Well, no, not necessarily, there are plenty of healthy economies that spend similar amounts.

The problem IMO is that the US is running a "we're laissez-faire!" revenue system with a "we're liberal socialists!" spending system.

Something has to give...
More...

The Northern Europeans are exceptionally bright, industrious and socially-minded. Most other countries are not.
 
Quote from Random.Capital:

Well, no, not necessarily, there are plenty of healthy economies that spend similar amounts.

The problem IMO is that the US is running a "we're laissez-faire!" revenue system with a "we're liberal socialists!" spending system. Voters are being fundamentally dishonest with themselves.

Something has to give...and it will...and IMO it will look more like more-spending than it will like less-taxes...because, ultimately, that's what voters actually want.
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Other "healthy economies" are not spending $700B/yr to be policeman to the world, either.

America spends too much on war and defense. We spend too much on parasitic tit-suckers. We spend too much on government employees... not only too many of them, but too much compensation and benefits.

ALL of those must be addressed with SHARP cutbacks... otherwise, we die.
 
Quote from Random.Capital:

Well, no, not necessarily, there are plenty of healthy economies that spend similar amounts.

The problem IMO is that the US is running a "we're laissez-faire!" revenue system with a "we're liberal socialists!" spending system.
More...

This.

You simply cannot have it both ways. Either tax as a socialist or spend as laissez-faire.
 
Quote from achilles28:

The US Guv must cut 38% - across the board - just to run a balanced budget.

That would hasten the inevitable Big D, plunge the US into a recession,
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Why so? Our deficits were not so large before Odumbo when on he went on his wrecking crew spending spree... we weren't in depression then. Why would we be so now?
 
Quote from achilles28:

The US Guv must cut 38% - across the board - just to run a balanced budget.

That would hasten the inevitable Big D, plunge the US into a recession, which would dry up tax receipts further, making another round of cuts necessary to stay in the black.

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You assert that like it's fact but I rather doubt it is. Government is inherently a drag on the economy so just cut it drastically and let nature take it's course. The people that lose their Public Monies will have to get busy and do something productive and that is the essence of an economy...

I'm still astounded that Obama and company have not reregulated Wall Street and the Lending Sector... that means that nobody, neither major political party at least, is going to reregulate the sectors that nearly killed the world economy..
 
Quote from Eight:

Government is inherently a drag on the economy...
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Until it reaches a ridiculous size, it demonstrably is not a drag on the economy, for any society grown past the tribal stage.

It is, in fact, the exact opposite, it is what enables the economy.

"Do you have a flag?"
 
Quote from Random.Capital:

Until it reaches a ridiculous size, it demonstrably is not a drag on the economy, for any society grown past the tribal stage.

It is, in fact, the exact opposite, it is what enables the economy.

"Do you have a flag?"
More...

Each government is unique. I think that the more socialist ones fail.
 
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