Quote (cambovenzi @ Mar 29 2012 10:48am)
Say for example the budget is 3 trillion and the revenue is 2 trillion.
That three can be brought down in line with the revenue instead of taxes having to be brought up.
You said we absolutely have to increase taxes to make up the difference.
I'm saying you can balance that by simply lowering the spending, WITHOUT raising taxes.
If he can balance it while completely eliminating the income tax, surely there is a way to balance it without RAISING taxes.. or do you disagree still?
Yeah, but to make it feasible, you have to take your 3 trillion in spending to 1 trillion in spending to have a chance of paying off the debt that you aren't addressing before it becomes our grandchildrens problem, and thats assuming nothing really bad happens in between (which, given the past 30 years, is not really possible to assume)
So, you can get rid of the debt that way, but to do so requires you to stop spending 2/3 of what you normally do. Thats a fucklot for any country, regardless of its stature or place in the heirarchy of spending.
Also, him saying he can do it, and actually getting it implemented are two entirely different things. Just for example, lets look at simple COST, not randomly giving out money. Simple costs for things in their current state.
I remember during the 90s, $0.77/gallon for gas for about a week, but I frequently recall in the range of $1-1.25/gallon. I look out at the gas station now, it says $3.99. So, thats a 2-3x cost increase in one single resource the government needs to function.
Hmm, how bread, or milk? I recall $0.69 for a loaf of bread that now costs $1.89 today. Thats more than double. Milk is the same way.
So, you cannot fund the same level of government with the change in costs alone, so yes, I do disagree.