GOP 2012 budget to make $4 trillion-plus in cuts

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  1. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2011-04-03-10-33-40

    WASHINGTON (AP) -- A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade, more than even the president's debt commission proposed, with spending caps as well as changes in the Medicare and Medicaid health programs, its principal author said Sunday.

    The spending blueprint from Rep. Paul Ryan, the chairman of the House Budget Committee, is to be released Tuesday. It deals with the budget year that begins Oct. 1, not the current one that is the subject of negotiations aimed at preventing a partial government shutdown on Friday.
     
    Denny Crane, Apr 3, 2011
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  2. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    $4T here, $4T there, and soon it adds up to real money.

    (Score one for the tea party)
     
    Denny Crane, Apr 3, 2011
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  3. 3RA1N1AC

    3RA1N1AC 00110110 00111001

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    yeah hopefully they take all the healthcare away from poor children, bout time
     
    3RA1N1AC, Apr 3, 2011
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  4. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    I wonder where this is all going to lead us to?

    We tax heavily and spend substantially more than we tax. We're essentially at literal insolvency and thus far all we're doing is printing money we can't back. At some point in time, margin calls. And then what? Hyper inflation? Federal government defaulting on bonds? What will happen to federally funded state programs like unemployment? At some point in time we will have to face these issues- and a lot more. Will it cause mass unemployment when government payroll can't be met?

    If we are to try and avoid all this, deep cuts in Social Security and Medicare/Medicaid will have to happen- among a lot of other cuts. Hopefully, those making the decisions will be smart about it.
     
    BLAZER PROPHET, Apr 3, 2011
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  5. 3RA1N1AC

    3RA1N1AC 00110110 00111001

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    hmm maybe they could make GE pay some taxes on their billions of profit
     
    3RA1N1AC, Apr 3, 2011
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  6. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    What are you, some kind of communist?

    barfo
     
    barfo, Apr 3, 2011
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  7. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Yeah, that'd be a good start.
     
    BLAZER PROPHET, Apr 3, 2011
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  8. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    or make the poor pay their fare share. what. bottom 50% pay like 3% of taxes?
     
    EL PRESIDENTE, Apr 3, 2011
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  9. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    I'm no fan of corporate welfare, or govt. intervening at all on behalf of businesses (other than to prevent pirates from hijacking our ships and that sort of thing).

    The reality is that if we taxed GE 100% of their profit, we'd still have well over $1.4T in deficit. It's no panacea.
     
    Denny Crane, Apr 3, 2011
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  10. BengalDuck

    BengalDuck Well-Known Member

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    how about we legalize drugs and stop the transition to a totalitarian police state where private prisons lobby congress for additional and lengthier penalties for crimes?
     
    BengalDuck, Apr 3, 2011
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  11. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Absolutely. Why, I tipped the guy buffing my Aston Martin a dollar today, and he probably gets to keep every penny of that. It's unfair, is what it is.

    Next time, I'm just going to give him 50 cents, and tell him the government took the rest of his tip in taxes.

    barfo
     
    barfo, Apr 3, 2011
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  12. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    You named your penis "Aston Martin"?
     
    EL PRESIDENTE, Apr 3, 2011
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    BLAZER PROPHET likes this.
  13. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    HAHAHAHAHAHAHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAHAHAHA!!!!!!!

    rep'd!
     
    BLAZER PROPHET, Apr 3, 2011
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  14. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    True, but ending corporate welfare is part of the answer.
     
    BLAZER PROPHET, Apr 3, 2011
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  15. jlprk

    jlprk The ESPN mod is insane.

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    Republicans want to take the spending back to the pre-Obama level, but not to the pre-Bush level, when the Democrats had a giant surplus, and growing every year. The pre-Obama level is no good because there was a giant deficit in the Bush years.

    The increases in the Bush years were military and intelligence (he doubled intelligence spending, despite no Communism). The increases in the Obama years have been to bail out the Bush economy, paying off the bankers and Wall Street.

    So the Republican plan is to just stop the bailout (which has already happened), but not to reverse the massive Bush increases, which caused the deficit.
     
    jlprk, Apr 3, 2011
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  16. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Sure. It's powerful, good looking, supermodels pose with it, and you can't afford it.

    barfo
     
    barfo, Apr 3, 2011
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  17. MARIS61

    MARIS61 Real American

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    If we taxed all business fairly we'd have no deficit.
     
    MARIS61, Apr 3, 2011
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  18. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    If you took 100% of GE's stock as taxes, we'd still have over a $1T deficit. Its market cap is a whopping $216B. The entire fortune 100 would be gone in a little over a decade to support govt. spending habits at its current rate of spending.

    I don't see it as the panacea you do when I look at the numbers.
     
    Denny Crane, Apr 4, 2011
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  19. MrJayremmie

    MrJayremmie Well-Known Member

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    Yeah, well i'll wait until the pubs do something like this under a republican administration. Pubs are well known to act like conservatives when they aren't in power then expand government and spend spend spend when they are.

    So it is just talk for me right now. Would love to get some real budget cuts and tax increases.
     
    Last edited: Apr 4, 2011
    MrJayremmie, Apr 4, 2011
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  20. blazerboy30

    blazerboy30 Well-Known Member

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    I would love to know what tax bracket you are in. 50% of the population doesn't pay federal income tax... not surprising so many are in favor of increasing taxes because they have no idea what it is like to actually pay taxes.
     
    blazerboy30, Apr 4, 2011
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