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Thread: Earth to McCain

  1. #10
    Olympic Champ RYou's Avatar
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    Default Re: Earth to McCain

    He's an interesting comparison. NJ is sucking wind right now and is about $6 billion shy of balancing the budget for 08. So in order to get the budget in line, our dear democratic goivernor wanted to increase road tolls (like we don't have enough those already) 800%. 800 freaking percent. Obvioslu the populus strenuously objected (yea we hired Demi Moore to make the confrontation). The old Gov backs off.

    Now he's announcing the budget cuts he wants to make. First off is eliminating the state department of agriculture to save $4 million. Well, we ain't Iowa, but we do produce a good deal of fruits and veggies (a/k/a the Rutgers Tomato ) and we the country's largest producer of Cranberries (thank me next Thanksgiving).

    Next in line, he wants to close 6 state parks including one that contains the largest freshwater lake and best fishing in the state. It's obvious ploy to piss off the residents. That will save another $4 mil. What he ignores though is the $87 million he leavfes in the budget for constructing a new state park right behind the Statehouse in Trenton. $87 freakin million to plant the trees (it's a parking lot) and add park benches in one of the worst crime zones in the state. A park that no one is going to use. A little investigation reveals the contract for construction was already bid and awarded and the largest contributor to his campaign was awarded the deal. Cancellation costs the state $0, but Nooooooooooooooooooo. He's keeping it in the budget. So we lose 6 existing state parks and he adds a new one that costs an added $87,000,000.00000000000000000000000000000000000000 0000000. What are these politicians thinking?

  2. #11

    Default Re: Earth to McCain

    Quote Originally Posted by UGLY View Post
    I agree but as some have said before it is hard to control spending with the war costing so much.
    Yes, but Bush has done a tremendously poor job of controlling non-defense spending as well.

  3. #12

    Default Re: Earth to McCain

    Quote Originally Posted by matclone View Post
    Calling for tax cuts, is like red meat to Republicans. It's also very poor policy where spending is not controlled (see arguments of conservative Peter Peterson in Running on Empty).

    I know he is trying to score political points, but I see McCain doesn't address any of the major budget items such as defense, and healthcare except to raise Medicare premiums, and take military spending off the cutting board--in short to spend more.

    His plan to do a review of all the agencies and cut fat is just what Reagan proposed with his Grace Commission, in the 80s. Result? Our deficit increased several times under Reagan's helm--because of the tax cuts in combination with an inability to control spending.
    Some people don't understand everything that is going on with tax cuts. They simply can't wrap their minds around two things at once. Not that there's anything wrong with that -- that is just how they choose to think.

    Rolling back the federal fuel tax will make the price of gas lower to the consumer -- plain and simple. There isn't any argument about that. What happens next can be two-fold:

    1) Consumers are willing to buy more of a product at a lower price than a higher price. We have see nthis over and over. People are willing to drive more when the fuel price is lower. Lowering the tax rate in the summer months, when American driving is historically up, will be an incentive for more people to travel, or for people to travel more. When they travel, they usually spend money on other things, like food and lodging. This will help boost the economy.

    2) If consumers do not buy more fuel with the money saved from cheaper fuel, they have more discretionary income for other things. Maybe they buy the new refrigerator they have been wanting. Maybe they now have a down payment for a new car. All those things also bring in tax revenue and will help boost the economy.



    I totally agree that McCain should focus on controlling spending, as well. A lot of the social welfare programs need to go. There is so much duplicity in government programs that its eating your and my money.

    But, we can't forget that tax cuts, when perceived as permanent, have ALWAYS increased government revenue. ALWAYS! The only way the government gets money is by taxing production -- taking money from peopel who make or do things. Taxes add to the cost of things. When the prices of things goes up, fewer things get sold (see #1 above). When fewer things get sold, fewer people work and the government gets less money (lower tax income because not as many taxable things are sold as were before). But, when taxes are cut, things become less expensive. People have more money, to do whatever they want. Often, they spend it, which means that the government gets more revenue. They get less tax per unit, but more revenue because more taxable units are available. 10% tax on 100 $1 items brings in less money than 8% tax on 200 $1 items.

  4. #13
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    Default Re: Earth to McCain

    Even if you remove fedral gas tax, gas prices will still be higher than they were last year. Heck, they will still be higher than 2 weeks ago. This tax cut policy is nonsense.

  5. #14
    Olympic Champ RYou's Avatar
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    Default Re: Earth to McCain

    Quote Originally Posted by Big View Post
    Even if you remove fedral gas tax, gas prices will still be higher than they were last year. Heck, they will still be higher than 2 weeks ago. This tax cut policy is nonsense.
    People that drive to work will accept any reduction in the price of fuel no matter how insignificant it will be.

    By the way, I just booked a round trip flight to Miami in May for my U Miami business, $168 and no Saturday night layover. I couldn't drive there for that value.

    Back in 1976 I road Amtrak to Ft. Lauderdale, 24 hours one way, $200 for the roundtrip because it was 1/3 the price of the air fare and the difference got me 4 more nights in a beach hotel. I know why the airlines are in bankruptcy.

  6. #15
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    Default Re: Earth to McCain

    He should concentrate on cutting spending and cutting (or at least maintaining the current level of) taxes.

    I here people say this a lot but I wonder where they think they can cut to make the difference. I mean the things that make up something over 75% of the budget are SSI, Medicare/cal, DOD, and servicing the national debt. All of those are basically untouchable...... especially in an election year. Year earmarks make a lot of noise but when compared to what I just mentioned, that is all chump change. If you cut taxes - and it doesn't bring in additional revenue in doing so - then you risk increasing the deficit even more.... which has the added effect of 'growing' the federal governments piece of the pie due to the additional money being spent to service the debt (a lot of which - ironically - comes from financial institutions from what some might call our enemies).
    I am 49, bald, ugly, and don't own a single cool thing. Kids like me though.

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