I won't even start to say what can be cut without knowing what that percentage is really going to. Administration, subsidies, what? What I can say is the government wastes money on all spending. Every contractor loves government contracts because they can overcharge for their work because of mismanagement. I'm sure if buerocrats were held accountable for mismanagement, a lot of fat could be trimmed.
No. What I'm saying is everything is hypothetical at this point. Who knows just how much money is parked over seas that could be patronized back into this country. Who knows how many corporations will move back to America knowing the corporate tax is 15%. Who knows how many Americans claim more income knowing they will only be taxed 25%. There are too many unknowns to say "This is what is going to happen". What I do know is if we have a GDP growth of 5-6%, it will give at least 20 more million jobs from historical figures
Faith-based budget cutting. "I don't know what's in the budget, but I believe that there are things that can be cut." If neither you nor The Donald know what's in the budget, why should we believe that he can make cuts? barfo
There is nothing to propose until you can see it in action. We don't know how much stimulus will occur with lower taxes and infusion of 2.5+ trillion from overseas profits
I guess my point is that someone has to pay for this plan. You are either cutting services or raising taxes. Just cutting out government waste is a nice thought but how much do you really expect to get out of that, especially when contractors are spending millions on lobbyists?
Wait, isn't everything forecast? Bernie's plan is total forecast as well, but I don't see you smashing it as a "faith based budget"
I guess this is where we disagree. I see taxation as a penalty, not benefit. I look at it like a bank loaning someone with a credit score of 800 a rate of 25% and loaning another individual with a credit score of 300 at 0%.
Well, I'm just making sure Barfo understands his argument doesn't really mean shit when he will support forecasts from Obama and now Bernie Sanders. You can't have it both ways
I look at it like this. If you are supplying someone a service and you remove that service to pay for something else, then it has cost the people who were receiving that service the benefits of that service. So in fact it did cost some people something. We could debate the merits of these services but thats a slightly different discussion.
BTW, sorry about responding off topic of the response question, using my credit score analogy. I was on the phone and reading something else. that said... Yes, some group will be effected, but if they aren't pulling their load, they need to get out. The country must be run efficiently. The cuts may not be the final solution, but it's a fiscal start. Set the precedent on being a responsible government and more companies and voters will trust you more with their money. We really don't know how much revenue we will get. And if you've read my first comments in the beginning of this thread, I too have major concerns with how much revenue this country will get. Not quite sure why I am being attacked, by just discussing hypothetical numbers. I'm trying to figure it out as much as you are.
http://www.cbpp.org/research/policy-basics-where-do-federal-tax-revenues-come-from I was using the 3.6T revenue and completely brain farted with the other revenue streams like gas, housing, payroll and tobacco,etc. What do you guys think the true number would be then?
Mags just having fun, not attacking. Well maybe attacking a little bit but mostly for fun. I think a good place to start is corporate tax dodging/welfare. Everyone gets so hung up on income taxes, because it effects us personally, but we tend to forget about the biggest culprits.
That isn't really correct. You can make assumptions and see how they play out. That is in fact what we are discussing here - taxfoundation.org made some assumptions based on Trump's proposal, and the way it works out is an additional $10T deficit over 10 years. That's INCLUDING the (assumed) effects of stimulus, etc. Now, you can disagree with them and claim there will be much higher stimulus effects. Or you can find $1T /year to cut. barfo
Pretty sure Bernie actually has a vague idea of what's in the budget, since he's been in congress since the dawn of time. Trump, I suspect has very little knowledge. But the bigger point is that Bernie isn't the one proposing that we can cut $1T. You and Trump are, so it is incumbent upon you guys to say what that $1T is. barfo
Yep, you're right. He's been in congress for 16 years, where they racked up 14 trillion in debt. I'm sure he knows very well how to spend money you don't have.
Last time this happened, we had more than 5.3 million jobs. As I've already said earlier. One year when we had a GDP growth of 6%, it created 20 million jobs. The analysis only gave a 5 million job increase from an 11% GDP growth So this breakdown doesn't necessarily tell the entire story from historic events we've already experienced as a nation.
