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Thread: Its time for republican to concede a bit

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  1. #1
    Super Moderator UGLY's Avatar
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    Default Its time for republican to concede a bit

    If the Dem's are really offering substantial cuts in spending that includes medicare then the republicans need to come to the table with to tax concessions in order to get a deal done. I think it is more important to get spending under control but in order to get you have to give. They dont have to cave and raise tax rates 15% but they need to allow for some additional revenue or they need to concede spending cuts in the military.

    On the other hand the Dem's need to realize that offering some spending cuts now in order to get the debt ceiling raised does not satisfy what needs to be done long term and the new budget needs to have far more substantial cuts in it. But for right now I think they need to compromise.

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    World Champ ODH's Avatar
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    Default Re: Its time for republican to concede a bit

    The simple act of letting the Bush tax cut expire goes a long way to addressing the short term debt crisis.
    They were supposed to be temporary and that is why they are due to expire next year.

    Long term, health care costs and entitlement cuts need to happen and the Dem have to accept that.

    I think there also should be a modest tax rate increase across the board. Everyone should share in the sacrifice.
    Last edited by ODH; 07-06-2011 at 12:44 PM.

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    Default Re: Its time for republican to concede a bit

    Quote Originally Posted by ODH View Post
    The simple act of letting the Bush tax cut expire goes a long way to addressing the short term debt crisis.
    They were supposed to be temporary and that is why they are due to expire noext year.
    We're currently borrowing 40 cents per every dollar spent, a 3% increase (or letting a 3% cut expire) would barely register as a drop in the bucket.
    There's no such thing as a pretty good aligator wrestler.

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    World Champ ODH's Avatar
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    Default Re: Its time for republican to concede a bit

    Quote Originally Posted by FloggingSully View Post
    We're currently borrowing 40 cents per every dollar spent, a 3% increase (or letting a 3% cut expire) would barely register as a drop in the bucket.
    This is what I have heard:
    Fareed Zakaria - To deal with the deficit, let the tax cuts expire

    The "Bush tax cuts," passed in 2001 and 2003, remain the single largest cause of America's structural deficit -- that is, the deficit not caused by the collapse in tax revenue when the economy goes into recession. The Bush administration inherited budget surpluses from the Clinton administration. What turned these into deficits, even before the recession? There were three fundamental new costs: the tax cuts, the Medicare prescription-drug bill and post-9/11 security spending (including the wars in Iraq and Afghanistan). Of these the tax cuts were by far the largest, adding up to $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts.

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    Default Re: Its time for republican to concede a bit

    Quote Originally Posted by FloggingSully View Post
    We're currently borrowing 40 cents per every dollar spent, a 3% increase (or letting a 3% cut expire) would barely register as a drop in the bucket.
    It's a drop in the bucket for the nation but a bigger hit to the individual, so why not let them keep it?

  6. #6

    Default Re: Its time for republican to concede a bit

    Quote Originally Posted by quinn14 View Post
    It's a drop in the bucket for the nation but a bigger hit to the individual, so why not let them keep it?
    I don't see why not, as long as you're ok with passing the buck to the next generation.
    There's no such thing as a pretty good aligator wrestler.

  7. #7

    Default Re: Its time for republican to concede a bit

    Quote Originally Posted by FloggingSully View Post
    We're currently borrowing 40 cents per every dollar spent, a 3% increase (or letting a 3% cut expire) would barely register as a drop in the bucket.
    3.3 trillion dollars is a drop in the bucket? http://www.cbo.gov/ftpdocs/117xx/doc...-18-Update.pdf Do you guys even bother to look into this stuff, or just make vague assumptions? The enormous difference in revenues between just a few percentage points has been thoroughly documented and not denied by even the staunchest conservatives. Quinn has it backwards, the Bush tax cuts had little to no impact (at least empirically) on individual spending habits or job creation even before the economy collapsed whereas the difference in revenues has been the primary cause of the enormous deficit. The reason that spending is such a huge concern is because of how unsustainable medicare and health spending in general are in the long term, over the last 10 years they have not been as significant as the Bush tax cuts or the two wars in adding to the deficit.
    Last edited by bwh27; 07-06-2011 at 03:43 PM.

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    Olympic Champ kr1963's Avatar
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    Default Re: Its time for republican to concede a bit

    Quote Originally Posted by ODH View Post
    The simple act of letting the Bush tax cut expire goes a long way to addressing the short term debt crisis.
    They were supposed to be temporary and that is why they are due to expire next year.

    Long term, health care costs and entitlement cuts need to happen and the Dem have to accept that.

    I think there also should be a modest tax rate increase across the board. Everyone should share in the sacrifice.
    Esp the DOD. I would do as RP says & shut down the empire & then the Dept of EDUCATION. save a bundle right there. Personally I think a consumption tax is the way to go. I think 49 states already run on this. get rid of the IRS & replace it with a 16% consumption tax that would exempt food & necessities like most state taxes do.

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    Super Moderator UGLY's Avatar
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    Default Re: Its time for republican to concede a bit

    How about making those who pay no taxes roughly 50% of the population pay at least a minimum tax say 200 dollars a year do you think that would help the issue. I do there is no reason that some people should not pay any taxes none.

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