Senate cancels 4th holiday to work on debt reduction package

[piasabird]

If the Democrats did not send out SS for a couple of months, then maybe more people would want more cuts in the government. For instance getting rid of anchor babies would save millions in welfare payments. Get rid of Chips payments to illegals also. We did not ask illegals to come here, so why should we pay for them?

We can get rid of all the subsidies for oil, business, tobacco, farmers, small business, The Arts, NPR, etc. Just put everything on the table that is not absolutely necessary. Also quit paying off all these people with underwater real estate. Just let them rewrite their loans to fixed if it makes sense. If someone borrows money for a house they can not afford, that is their problem.

There are plenty of areas in the governmnet we could cut. If we dont want to pay for all these wars then bring all the troops home from Europe, Asia, Pacific, etc. Do we really need to save the world from itself? Do we have to protect Japan and South Korea? No government can afford to extend itself to protect the entire planet. While we are protecting the world, the other countries dont have to spend as much on their defense.

 

[piasabird]

We can save a lot of money if just sell Hawaii to japan!

 

[wuliheron]

We can save a lot of money if just sell Hawaii to japan!

They already bought all the good parts after they lost the war.

 

[Lithium381]

Absolutely. I'm not for raising taxes, but i'm all for getting rid of all those tax breaks that enable "super rich" people to pay a lower % than I pay as someone in the "middle class"
BUT the big problem is we need to cut. PUBLIC unions need to slim down their CBA's just like the school district did in Ohio.
I think a lot of programs might be better suited to be run at the State level, not federal.
There isn't any one big glaring thing that's standing out in the budget "ZOMG how did we miss that" but it's a lot of the little stuff that adds up. I'm talking REALLY little stuff:
Anyone using public money should be looked at with scrutiny. Example: I drive 55 in the right lane of the freeway to save gas while i always see government cars cruising over the speed limit, AC on warm days..... Who pays for that extra gas. Obama is whining about MPG and yet driving style can impact gas saving significantly especially in a dirivng fleet like the federal government.

How much paper is wasted on a daily basis in government offices?

 

[3chordcharlie]

I dont think they should work 4th of July.

Pelosi managed to get the health care reform bill passed, so if Democrats really wanted to pass a balanced budget, they could. So dont raise the debt ceiling. There is no reason to do so. Just quit paying congress till it is passed.

OTOH they've been passing 'Fair and Balanced' budgets for the better part of 60 years now... you don't like it?

 

[Corn]

Good, maybe we can finally close tax loopholes, end a number of subsidies, end the Bush tax cuts, cut social welfare and defense spending maybe even eliminate some federal departments.

Ahh, dreams...

I agree, lets end *all* of the Bush tax cuts, not just for the wealthy, but for the poorest as well. Time for all to feel the pain, not just the few, we are all Americans and we all have a duty to sacrifice for the common good.

 

[theeedude]

They should just go on vacation and have Obama declare the debt ceiling unconstitutional.

 

[Zorkorist]

Cry "Havoc!" and let slip the dogs of war,
That this foul deed shall smell above the earth
With carrion men, groaning for burial.

Shakespeare.

-John

 

[Jhhnn]

Here's why Repubs walked out on negotiations-

http://krugman.blogs.nytimes.com/2011/06/28/debt-limit-stakes/

Warning to Righties- read it in a mirror so it won't burn your eyes out...

 

[Zorkorist]

Baby wants more bubbles?

http://forums.anandtech.com/showthread.php?p=31939006&highlight=#post31939006

-John

 

[Lithium381]

Here's why Repubs walked out on negotiations-

http://krugman.blogs.nytimes.com/2011/06/28/debt-limit-stakes/

Warning to Righties- read it in a mirror so it won't burn your eyes out...

lol wut

 

[ProfJohn]

Absolutely. I'm not for raising taxes, but i'm all for getting rid of all those tax breaks that enable "super rich" people to pay a lower % than I pay as someone in the "middle class"

That is a straw man argument meant to distract you.

Yes there are a few that can loophole their way to zero taxes.
But as a group the top 1% pay a much higher percent of their income to the government than anyone else.

Furthermore, if we removed the hedge fund loop we would generate a grand total of $2 billion per year. So let's stop pretending that closing this loophole is going to accomplish a whole lot.

And let's stop pretending that taxing the 'super rich' will solve our problems.

 

[Jhhnn]

But as a group the top 1% pay a much higher percent of their income to the government than anyone else.

Busted for spreading distortion & lies in another thread yesterday, you do exactly the same thing with exactly the same lie today.

Which means that the truth doesn't matter to you, only your shill agenda-

http://forums.anandtech.com/showpost.php?p=31939370&postcount=62

 

[ProfJohn]

Busted for spreading distortion & lies in another thread yesterday, you do exactly the same thing with exactly the same lie today.

Which means that the truth doesn't matter to you, only your shill agenda-

http://forums.anandtech.com/showpost.php?p=31939370&postcount=62

That is not busted.

You used a BS source that has numbers that don't match up with reality.

According to your link taxes on the top 1% fell from 29% in 2007 to only 22% in 2010?
I think I'll stick to the official government numbers.

 

[Jhhnn]

That is not busted.

You used a BS source that has numbers that don't match up with reality.

According to your link taxes on the top 1% fell from 29% in 2007 to only 22% in 2010?
I think I'll stick to the official government numbers.

And you offer no source at all wrt total taxes, just the usual goofy numbers from the CBO, with a little song & dance.

Nowhere in my linked source do they offer that taxes on the top 1% fell from 29% in 2007 to 22% in 2010, but you already knew that- you're just shilling to the lazy & biased reader.

The difference, obviously, is in what's figured in & what's left out of the calculations. CBO numbers figure in corporate taxes in relation to dividends paid to the various groups. Which is bullshit, an attempt to say that if there were no corporate taxes then those funds would have been distributed as dividends, which is obviously false.

http://www.cbo.gov/publications/collections/tax/2010/all_tables.pdf

And there's this, wrt federal tax rates,from a notoriously anti-tax source-

http://www.taxfoundation.org/news/show/250.html

Notice that the top .1% pays a lower rate than the rest of the top 1%.

The top 400 filers pay even less, 5% less-

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=260

The truth behind the total tax numbers is that wealthy people pay a much, much smaller % of income in all of the other taxes we all pay- sales, excise, energy, payroll, local head tax, you name it.

 

[PeshakJang]

Which means that the truth doesn't matter to you, only your shill agenda-

You get double ironic points for posting this right after you link to a shill, who links to a completely discredited, hyper-partisan super-shill, as a way of proving your point.

Good show, little shill

 

[Jhhnn]

You get double ironic points for posting this right after you link to a shill, who links to a completely discredited, hyper-partisan super-shill, as a way of proving your point.

Good show, little shill

Then link pertinent material wrt total taxes from other sources, if you can, or just rave on as your usual contribution...

I'll rate the likelihood of your having read the Krugman piece as near zero, which means you have no idea what you're even talking about.

Repubs have not denied that's why they walked out of budget negotiations, at all- for them, it's all about no new taxes, particularly on the uber wealthy, the true Bush constituency, when it's utterly obvious that revenues need to increase even if cuts are made. Failure to acknowledge that is pure denial of the willfully blind variety.

Cut spending to increase employment! If anybody not suffering from brain damage can explain how that works, I'd appreciate it...

 

[MovingTarget]

Boehner is the blue mold on the congressional cheese sandwich. :thumbsdown:

 

[fskimospy]

Then link pertinent material wrt total taxes from other sources, if you can, or just rave on as your usual contribution...

I'll rate the likelihood of your having read the Krugman piece as near zero, which means you have no idea what you're even talking about.

Repubs have not denied that's why they walked out of budget negotiations, at all- for them, it's all about no new taxes, particularly on the uber wealthy, the true Bush constituency, when it's utterly obvious that revenues need to increase even if cuts are made. Failure to acknowledge that is pure denial of the willfully blind variety.

Cut spending to increase employment! If anybody not suffering from brain damage can explain how that works, I'd appreciate it...

It's amazing how mad Paul Krugman makes the ultra right wing people on here. To see him turn out to be right so often must really start to get under their skin after awhile.

 

[Jhhnn]

It's amazing how mad Paul Krugman makes the ultra right wing people on here. To see him turn out to be right so often must really start to get under their skin after awhile.

They believe in lies, operate on faith, sustain it all with confirmation bias. Once that's understood, the most amazing thing is that they function at all in real life.