Have you seen any analysis on how much revenue cane be raised by reducing/eliminating deductions for the +$250k group? I haven't seen any yet. But I find it hard to believe that sufficient revenue cannot be raised by merely doing that (cutting their deductions).
Yes, if you had been paying attention at all, they've been discussed in quite a lot of detail. See
Tax Policy Center study showing the limits of said deductions.
And no, you don't have to reduce deductions for those under $250k if you cut them for the +$250k crowd. For many years deductions (as well as credits and exemptions etc.) were phased-out based on income. No reason we can't go back to that.
You can only work with the current reality, and fact is we would HAVE to do that, except nowhere has it been proposed. Otherwise mortgage interest deductions that disappear would disproportionately hit middle class people, that's simple fact.
That's stupid. No matter what anybody does those cost decreases are going to occur. Accordingly, they shouldn't even be part of the discussion.
The fact that Obama's blowout election and supermajority in Congress finally moved the needle from reckless war-mongering spending to everyone simply accepting that the wars would be put on timetables and winded down is to his credit, and should be reflected in his deficit cut projections.
We've been through this before....
We cannot remain in Iraq. The UN pulled the mandate and Iraq said "no". End of story.
No, again, Iraq saying "No" didn't stop the last admin from invading in 2003. As I already quite clearly addressed WRT UN mandate, they never had a real one to begin with and you're naive if you think it would have stopped them from going in. Sorry.
Even if Iraq had agreed, a President can't do such things on his own, he needs the approval of Congress. That ain't gonna happen, if only because the Dems in the Senate wouldn't allow it.
Fern
We're talking about a alternate reality where a Republican has been elected POTUS, thereby making the likelihood of a Dem Senate quite slim.