Page 1 of 2 12 LastLast
Results 1 to 10 of 13
  1. #1 Why taxes will need to go up 
    An Adversary of Linda #'s
    Join Date
    Aug 2005
    Posts
    22,891
    Health reform can reduce the deficit, but not nearly enough to address the country's debt problem. Higher taxes and spending cuts will be needed.

    "If It Isn't Broken Don't Fix It !"

    FIXING HEALTH CARE Why taxes will need to go up Health reform FAQ: Cutting through the noise Health debate: A little clarity, please Can't afford health care? Barter for it How health reform may help ... or hurt House GOP outlines health care bill

    NEW YORK (CNNMoney.com) -- The promise of health reform is to make care more accessible for everybody -- and to reduce the federal deficit by slowing the growth rate in costs.

    But the promise of deficit reduction through health reform might be overstated.

    Here's why: Even if reform works well, the cost savings will not be nearly enough to tackle the debt ogre breathing down Uncle Sam's neck.

    "Ultimately, the long-term budget outlook will necessitate serious tax and spending changes," says the Committee for a Responsible Federal Budget, which is led by tax and budget experts from the left and the right.

    And "ultimately" really means ASAP, say some tax experts. That's because the financial and economic crises have exacerbated an already tough budget outlook.

    "The key message is the future is now. The future has arrived," said William Gale, co-director of the Urban-Brookings Tax Policy Center, in a Brookings video discussing a sobering report on the fiscal predicament that he coauthored with Alan Auerbach, director of the Burch Center for Tax Policy and Finance at the University of California, Berkeley.

    The risk is not decades from now, but within the next 10 years. Should investors in U.S. Treasurys consider the country's growing debt load to be unacceptably high, they will start demanding to be paid higher interest rates on the debt they buy to compensate them for the risk they're assuming.

    http://money.cnn.com/2009/07/01/news...ion=2009070108
    Reply With Quote  
     

  2. #2  
    Power CUer NJCardFan's Avatar
    Join Date
    May 2009
    Posts
    16,307
    Because maybe you can't have a 3 trillion dollar budget based on hope?
    The Obama Administration: Deny. Deflect. Blame.
    Reply With Quote  
     

  3. #3  
    Banned
    Join Date
    Jun 2009
    Posts
    1,452
    Taxes need to be raised.

    Beacuse when Reagan came into office the debt was below 1 trillion. The debt is now over 11 trillion.

    The ONLY Democrat to serve in that time was Clinton, he brought us the largest fiscal surplus the planet had ever seen.

    Taxes need to be raised to pay off this massive pile of debt the republicans have created.
    Reply With Quote  
     

  4. #4  
    Banned
    Join Date
    May 2008
    Posts
    11,970
    Quote Originally Posted by satanica View Post
    Taxes need to be raised.

    Beacuse when Reagan came into office the debt was below 1 trillion. The debt is now over 11 trillion.

    The ONLY Democrat to serve in that time was Clinton, he brought us the largest fiscal surplus the planet had ever seen.

    Taxes need to be raised to pay off this massive pile of debt the republicans have created.
    You need to get a job to pay them.
    Reply With Quote  
     

  5. #5  
    Banned
    Join Date
    Jun 2009
    Posts
    1,452
    How clever of you.
    Reply With Quote  
     

  6. #6  
    Banned
    Join Date
    May 2008
    Posts
    11,970
    Quote Originally Posted by satanica View Post
    How clever of you.
    When the shoe is on the other foot (like paying taxes rather than freeloading at home), you mightl understand the concept.
    Reply With Quote  
     

  7. #7  
    Banned
    Join Date
    Jun 2009
    Posts
    1,452
    Quote Originally Posted by lacarnut View Post
    When the shoe is on the other foot (like paying taxes rather than freeloading at home), you mightl understand the concept.
    Right now I collect unemployment checks, that means I was working and paying taxes....till Bush destroyed the nation.
    Reply With Quote  
     

  8. #8  
    An Adversary of Linda #'s
    Join Date
    Aug 2005
    Posts
    22,891
    Quote Originally Posted by satanica View Post
    Right now I collect unemployment checks, that means I was working and paying taxes....till Bush destroyed the nation.
    Where did you work and why did they dump you ?
    Reply With Quote  
     

  9. #9  
    Banned
    Join Date
    May 2008
    Location
    Sonora, Texas
    Posts
    4,117
    A city, state or federal government should never ever be allowed to raise taxes when it is running a deficit.
    Reply With Quote  
     

  10. #10  
    Banned
    Join Date
    Jun 2009
    Posts
    1,452
    Quote Originally Posted by Speedy View Post
    A city, state or federal government should never ever be allowed to raise taxes when it is running a deficit.

    Thats like saying people shouldn't save money to pay off a credit card. I think it would reckless to raise taxes when you didn't need money, like when running a national surplus.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •