I think it’s time to bite the bullet. A raise in taxes, closing loopholes and whatever else it takes over a short period of time seems like a better idea than thinking we’re going to ‘grow’ our way out of this. We expect our military to fight and die, but so many people aren’t even willing to make a monetary sacrifice for the good of our country. A national sales tax totally directed toward debt is in order. All in favor say aye!
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March 7th, 2010 at 7:41 am
How about cutting out 90% of the idiotic entitlement programs and going back to funding what the federal government is SUPPOSED to be funding?
March 7th, 2010 at 7:41 am
How about a poll tax of democrats-everyone that voted for Obama gets a tax increase.
So here is how it works-the guy gets in office by promising us no tax increases and now we are supposed to think we cannot avoid one?
How about putting the people who broke promises and are driving us into poverty in jail first?
March 7th, 2010 at 7:41 am
Do you believe taxation is a zero sum game? Or do you believe if you raise the cost, you will get less of it? These things do not happen in a vacuum.
Perhaps we should repeal the remainder of the stimulus. It’s not working.
March 7th, 2010 at 7:41 am
I’d rather reduce taxes, shrink the size and scope of government, keep government paws off "trust funds" thereby reducing the growth of debt, allow the economy to be free increasing revenue to government targeted at reducing the debt.
In short, I’d rather have a constitutional government.
I favor a sales tax but only if the income tax is abolished.
March 7th, 2010 at 7:41 am
Neither..just stop Obama from spending…
March 7th, 2010 at 7:41 am
YOU WILL NOT GET THE MONEY YOU THINK YOU WILL GET BY RAISING TAXES AND EVEN COULD GET LESS MONEY. THE ONLY SOLUTION IS CUTTING SPENDING INCLUDING ENTITLEMENT PROGRAMS WHICH IS WHY THIS COUNTRY IS DOOMED
March 7th, 2010 at 7:41 am
Well we probably need to do a couple things. We need to raise taxes, as you mentioned, but we need to reign in entitlements like social security, medicare, and medicaid, since the cost of these will balloon in the future.
But we have to be careful, since the economy is so fragile. Perhaps some modest controls, like letting the Bush tax cuts expire and raising the social security collection age, would be a good start. But you’re right, it’s time for some honest and some tough measures.
March 7th, 2010 at 7:41 am
Raising tax’s isn’t gonna pay down the debt.
Only cutting spending will have a chance to do that
They increase tax’s, they will just increase spending again.
March 7th, 2010 at 7:41 am
NO new taxes. Cut spending.
March 7th, 2010 at 7:41 am
Are you ready for $10 bread, bottle water at $10 too. Eggs, and bacon and potatoes and tomatoes at $10 lbs. too Gas at $30 per gallon , just for a start. You never want to have uncontrolled inflation
I pray to God that we can control inflation for the poor. Even I can’t afford it because I can’t understand its end. My limited funds could soon disappear with inflation
March 7th, 2010 at 7:41 am
If you raise taxes to pay off the debt the pols would probably take that money and spend it anyways!
March 7th, 2010 at 7:41 am
If the Federal government stopped doing things it has no Constitutional authority to do, it would have so much left over money from what it is taxing now, the debt would be paid in no time. Also, if it stopped borrowing, interest rates won’t go up. (When interest goes up it costs a lot more to make the payments, just like your credit card.)
To accomplish this reduction in the size of government, the 47% of American households who now receive benefits, courtesy of the taxpayers, would have to start pulling their own weight. Except the really old people on Social Security, they already paid.
Neither of the alternatives you present is acceptable.
March 7th, 2010 at 7:41 am
A 1% sales tax on all properties and buildings valued over a million dollars would pay off the debt