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Originally Posted by Iliftrocks
We got bills to pay, the only way to raise that money is to raise taxes AND decrease spending.
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I think a better way is to grow the economy. Taxes collected as a percent of GDP has been fairly consistent over time, so with a bigger GDP the government will collect more tax dollars. I agree with the "AND decrease spending", I think the federal government has to recognize that there are limits. Obama's promises for "free" government programs, targeted tax cuts, credits and deductions seem to be based on getting votes rather than a consideration for longterm economic strength.
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I'm sorry but the republican party as a whole is bad at both, dems only better at paying bills.... My first choice on decreasing spending is get rid of Homeland Security, and while we're at it, most of the secret organizations, why do we need so many?
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Above, you are only talking about small percentages of the federal budget, if you want real cuts you have to look at entitlement programs. Defense spending may have some areas for cuts, but I would not get too carried away with cutting defense programs in our current environment.
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Both parties need to quit throwing around "free" money to stimulate the economy. That works about as well as trickle down economics.....
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I am curious. Do you think money in the hands of government is utilized better than money in the hands of citizens? The basis of "trickle down economics" is the simple premise that citizens would be more efficient at spending money to grow the economy than centralized government.