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Nobody wants cuts in government services. Nobody wants increased taxes. Nobody wants to see the debt increase. Nobody wants deficits.

Put simply nobody wants to deal with the reality with which we are faced. The real problem is we are attempting to make difficult choices without asking the proper questions. The question we are not ask is how can we best provide for the needs of all of our citizens and all the people of the world?

There is a great deal of work necessary to provide for everyone's needs. Unfortunately, instead of worrying about what that work is and how to accomplish it, we are concerned about petty issues such as debt, deficits, taxes, restricting services provided, and so forth and so forth.

In the short term President Obama has proposed modest tax increases and modest spending cuts. I say the tax increases are modest because I would increase taxes much more. I would make marginal tax rate on money above $250,000 40 percent. I would make the marginal tax rate on money above $500,000 45 percent. I would make the marginal tax rate on money above $1 million 50%. I would remove the cap on the payroll tax, making the payroll tax a flat tax on all earned income. I would tax capital gains, dividends and inheritane at the same rate as other income.

I would not consider cuts to services. However, we can dramatically cut defense spending without cutting any service provided by the Defense Department. Some cuts can be made to Medicare and Medicaid spending by reducing fraud and abuse.

However, we need dramatic increases in spending to reduce global warming, to provide inexpensive energy, to provide better K-12 education, to provide free college education for all who who want a college education, to build a more cost-effective infrastructure, and on and on and on.

Unfortunately, our politicians including Pres. Obama lack vision. Not only do Republicans lack vision; but, they have their heads up their asses. Extraction is very painful not just for Republicans; but, for the nation.

Before Democrats make a deal with Republicans, Republicans must show their hand. When Republicans have shown their hand, will the public be able to reject that hand. Republicans know that rejection will be harsh and painful for them. Pres. Obama needs to demand that Republicans place a detailed proposal on the table for everyone to read.

Only when Republicans see that their plan has been firmly rejected by voters, will they be able to compromise with Democrats.

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Comment Preferences

  •  Tip Jar (6+ / 0-)

    Practice tolerance, kindness and charity.

    by LWelsch on Wed Dec 12, 2012 at 07:05:58 PM PST

  •  There is no debt crisis and no deficit crisis... (5+ / 0-)
    Recommended by:
    Dbug, LWelsch, Thousandwatts, OooSillyMe, retLT

    rather we have a jobs crisis. If cutting the deficit is such a great idea, then why is everyone afraid to go off the "cliff" which after all would dramatically reduce the deficit. It's because reducing the deficit is contractionary for the economy and that's NOT the way we want to go. Just consider what the austerity fetish has wrought on Europe.

    I would also emphasize that according to macroeconomics, with our trade deficit, it is mathematically IMPOSSIBLE for the government to run a surplus and simultaneously for private wealth to grow. We simply have to run a deficit for the foreseeable future to regain a healthy economy and keep increasing private sector wealth.

    Just another faggity fag socialist fuckstick homosinner!

    by Ian S on Wed Dec 12, 2012 at 07:42:49 PM PST

    •  Yes (4+ / 0-)
      Recommended by:
      LWelsch, OooSillyMe, Ian S, retLT

      The number one priority is to goose the economy to create jobs. If you don’t like the word “goose,” we can jump start the economy. Or prime the pump. I’m talking deficit spending. The government should create jobs building highways, bridges, water treatment plants, almost anything (even a giant pyramid in the middle of the desert would work). Or buying cars for government workers or new computers and internet infrastructure or whatever. Unemployment will go down. All of those previously-unemployed workers will have money in their pockets to spend at grocery stores and other local businesses. They might even buy a new house or a new car.

      Once people have jobs, they pay income taxes and sales taxes and property taxes. So tax revenues go up. The government takes in more money. Then the government can raise taxes a little, not borrow, and pay off the debt.

      In bad times, you need to increase the deficit. In good times you pay down the deficit. It drives me nuts that Republicans scream that we need to lower taxes when the economy is good, then they say we can’t raise taxes or borrow money when the economy is bad. Republicans don’t admit that Clinton did it right. He balanced the budget and left office with a surplus. Then Bush lowered taxes and started two wars. Aaaaargh!

      “If you misspell some words, it’s not plagiarism.” – Some Writer

      by Dbug on Thu Dec 13, 2012 at 12:24:43 AM PST

      [ Parent ]

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