Rand Paul's proposed budget, deficit reduction plan.

Bateluer

Lifer
Jun 23, 2001
27,730
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Hmm, don't junior congresspeople have to pee in a bucket until their second term?
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
176
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I hope we do get some big cuts in federal spending. This nation cannot continue as it has been for the last 30+ years.
 

Lemon law

Lifer
Nov 6, 2005
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I suspect senior Kentucky Senator Mitch McConnell will have to take junior Senator to the woodshed and beat him with a stick until ole Rand sees it Mitch's way. But it should make for some future comedy relief results.
 

Texashiker

Lifer
Dec 18, 2010
18,811
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Part of his proposal I like - like doing away with the Department of Education. This can be handled on a state-to-state basis, to the point where we do not need federal government oversight.

Required balanced budget is another issue I like.
 

matt0611

Golden Member
Oct 22, 2010
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Sounds like a decent plan. Too bad not enough senators will agree to it. Oh well, we'll just spend more.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
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Part of his proposal I like - like doing away with the Department of Education. This can be handled on a state-to-state basis, to the point where we do not need federal government oversight.

Required balanced budget is another issue I like.

Yeah, having an inconstant educational system is a great idea.

It's like Libertopians want to do everything that the world is doing to be nationally competitive and DO THE OPPOSITE just because it's "cool" to be free, stupid, and uncompetitive.

Fucking regressives.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
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Yeah, having an inconstant educational system is a great idea.

It's like Libertopians want to do everything that the world is doing to be nationally competitive and DO THE OPPOSITE just because it's "cool" to be free, stupid, and uncompetitive.

Fucking regressives.

Not that I am taking sides but the current system doesn't seem to be making us very competitive either...
 

Gigantopithecus

Diamond Member
Dec 14, 2004
7,664
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Anything in the plan about educating Americans to live within their means? Why should a democratic government do something the majority of its constituents don't?
 

postmortemIA

Diamond Member
Jul 11, 2006
7,721
40
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Not that I am taking sides but the current system doesn't seem to be making us very competitive either...

Then we shall ask Indians and Chinese where they get motivation to get into tough schools. Surely they don't do it because they can't afford tuition. More likely they do it because it is do or die (poor). While kids here have alternative: rich parents, welfare, drugs, easy degrees, flipping McDonald's, etc.

We appear like late Roman empire with huge decadence.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Then we shall ask Indians and Chinese where they get motivation to get into tough schools. Surely they don't do it because they can't afford tuition. More likely they do it because it is do or die (poor). While kids here have alternative: rich parents, welfare, drugs, easy degrees, flipping McDonald's, etc.

We appear like late Roman empire with huge decadence.

The biggest issue is the parents. They can crack down all they want and drive their kids to succeed. However, most care more about themselves than their kids.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Paul will get his way. Bond market will force it one day or they can print and destroy currency. Amounts to same thing. 2/3 of people dependent on govt spending won't get paid.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,686
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Part of his proposal I like - like doing away with the Department of Education. This can be handled on a state-to-state basis, to the point where we do not need federal government oversight.

Required balanced budget is another issue I like.

Creationism for the Win!

Balanced budget? Heh. that'll go over real well with his financial overlords. Repubs luvs budget deficits- they're a necessary corollary to trickle down supply side economics. Repubs talk a great balanced budget game, but they're too busy cutting taxes at the top to actually achieve it, and there's always some reason to spend more- Evil Empire! Terrarist Threat! Iraqi WMD's! North Korean Nukes! Iranian Nukes! Homeland Security! Secure the Border! Bail out Wall St!

Tea Partiers are the biggest chumps in America...
 

Ozoned

Diamond Member
Mar 22, 2004
5,578
0
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Creationism for the Win!

Balanced budget? Heh. that'll go over real well with his financial overlords. Repubs luvs budget deficits- they're a necessary corollary to trickle down supply side economics. Repubs talk a great balanced budget game, but they're too busy cutting taxes at the top to actually achieve it, and there's always some reason to spend more- Evil Empire! Terrarist Threat! Iraqi WMD's! North Korean Nukes! Iranian Nukes! Homeland Security! Secure the Border! Bail out Wall St!

Tea Partiers are the biggest chumps in America...

What came 1st?
A: Federal Income Taxes
B: Progressive Federal income Taxes
C: Balanced Federal Budgets
 

YoungGun21

Platinum Member
Aug 17, 2006
2,546
1
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Maybe we should focus on restarting the economy by deficit SPENDING instead of trying to balance the budget. Balancing the budget while the economy is still in shambles will only make things worse.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Maybe we should focus on restarting the economy by deficit SPENDING instead of trying to balance the budget. Balancing the budget while the economy is still in shambles will only make things worse.

We are spending twice what we take in now. Is that deficit enough for ya? It's not working. Not to mention prices are reflecting that $ devaluation so it's actually a negative for people on fixed income or not getting commensurate raises. Good for bankers/rich tho who loan us the rest. Will be really good for them when these short term treasuries which almost all are go back to normal rates and just to pay them off will suck 50% of our tax dollars.
 

Dr. Zaus

Lifer
Oct 16, 2008
11,764
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We are spending twice what we take in now. Is that deficit enough for ya? It's not working.

fun fact:
GDP = private activity + public activity

GDP is also an indicator of how many people can be employed.

So if we want to improve employment we can increase either one of those variables.

Spending makes a lot of sense in this case, as do tax cuts.

So if, as you are saying, we are spending twice what we are taking in and it isn't working then we should do something about that! Spend even more than twice what we are taking in, and take in even less than twice what we are spending!
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
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We are spending twice what we take in now. Is that deficit enough for ya? It's not working. Not to mention prices are reflecting that $ devaluation so it's actually a negative for people on fixed income or not getting commensurate raises. Good for bankers/rich tho who loan us the rest. Will be really good for them when these short term treasuries which almost all are go back to normal rates and just to pay them off will suck 50% of our tax dollars.

Not all prices are reflecting a "devaluation", many commodity prices are reflecting the scarcity of commodities due to shortfalls in production or speculation. There is no direct correlation between in the increases and actual devaluation. If anything, we're still in a deflationary environment.