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The government reported that it expects $1.35 trillion in federal deficit spending this year?
Do you think Congress should:
A) Increase federal taxes.
B) Reduce federal spending.
C) Neither, just live with the deficit.
13 Answers
- socialdLv 71 decade agoFavorite Answer
reduce spending. we have more than enough taxes to pay for the things that the federal government is constitutionally intended to do.
- LOLLv 71 decade ago
As unthinkable as it may be the best solution is for the federal government to stay within a budget and dedicate part of that budget to paying down the national debt. The interest alone on the debt is substantial.
If you raise taxes you will raise government spending. There's more than enough expensive big ideas in Washington to spend whatever tax revenue they can get several times over. Congress needs to make choices that are within a reasonable budget, even if some people don't get what they want.
- 5 years ago
nicely the 1st few issues are undemanding and already outfitted in. The bailouts and stimulus spending will end after next 3 hundred and sixty 5 days. yet that purely takes us from an outrageous deficit to an unsightly one. there is incredibly much no discretionary spending that must be decrease that would make a hill of beans worth of distinction, the great value ticket products are Medicare, protection and the provider on the debt - and of those purely protection would be decrease via congressional funds action - it takes new regulation to decrease medicare and you'd be able to't default on the debt. the main suitable approach would be to hold the line on spending and enable the economic equipment advance us out of the deficit. It occurred interior the late 1990's. it ought to occurred returned yet we would wish 10 years of sturdy strengthen and extremely constrained spending will strengthen to do it.
- e wLv 71 decade ago
B. They should (but they won't) reduce spending.
The insane orgy of spending continues unabated, as it has been going on for decades, and only increases.
Congress and the administration love nothing more than spending money to benefit their cronies and special interests. Look at the fatcat bankers, the AIG execs---and that's only the tip of the iceberg.
Fighting wars we can't afford to enrich the armament manufacturers, and the contractors (like Cheney's cronies at Haliburton) is another example. War is a very profitable business------------for some.
Every year they come out with budgets, which are just smoke and mirrors, as noone in government has the slightest intension of sticking to any budget. The more they spend, the more they'll get.
Politicians have no consideration for the heavy tax burden they put on the average American, and they just regard us as a bottomless source of money for them to squander.
And we allow them to squander the wealth of America, to borrow huge amounts of money, to mortgage the futures of our nation, our children and our grandchildren.
Isn't it time to stop reckless and irresponsible spending?
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- GriggnaxLv 71 decade ago
B is a no-brainer. We should do that regardless.
But I would also vote D - scrap the existing tax system and enact a national sales tax on consumption, with the only exclusions being food, some clothing, and medicine.
- 1 decade ago
Mainly just re-institute those tax cuts Bush gave to the rich, which sent the country 2 trillion in debt.
You realise the tax cuts to the rich alone cost more money than the entire engagement in Iraq?
http://www.nationalpriorities.org/costofwar_home
The Iraq War overall cost over a trillion.
So the tax cuts sent us more into debt than the war. INSANE
Bush will have one of the worst legacies of any president, just wait thirty or forty years, this I swear to you.
The facts will not disappear, no matter how much you Connies want to forget them.
- Anonymous1 decade ago
D) Cut welfare completely
E) Seize the assets of Communist corporations. ( For committing treason )
F) Deport illegals and those who obtained citizenship illegally.
So I would have to go on C) in your question. Those 3 I gave you alone would reduce the deficit for the next ten years.
I'm sure we can find a lot more wasteful spending like the money we spend on voting campaigns.
There is so much we can do but we don't want to. Because its so much better to screw the hard working people.
Who gave me the thumbs down. What you don't like the welfare cuts? Well get a job then you lazy good for nothing bum.
You know welfare is pure communism don't you!!!!
- Anonymous1 decade ago
Raise taxes -AND- reign in spending. And not just for the rich either. Tax everyone with an income more. Of course, the rich should pay a good bit more, but it's not fair that they get all of the burden, even if it's just a symbolic show, there should be some level of shared accountability.
- Billy BlazeLv 71 decade ago
Increase taxes. It's the only responsible thing to do.
Those advocating reduced spending learned nothing from Hoover. They're probably still complaining about the New Deal, the poor miserable bastards.
- Que Sera SeraLv 61 decade ago
B. Reduce spending. We spend $700 BILLION on defense. Defense against who? Iran? Iraq? Afghanistan?
Bad stuff is going to happen to us, people are going to hate us. We're going to have to man up and stop wrapping this country in guns. We're dying.
________________________________________________
Defense-related expenses:
DOD spending $721.3 billion
FBI counter-terrorism $2.7 billion
International Affairs $10.1–$54.2 billion
Energy Department, defense-related $20.9 billion
Veterans Affairs $66.2 billion
Homeland Security $54.7 billion
NASA, satellites $3.4–$8.5 billion
Veterans pensions $58.4 billion
Other defense-related mandatory spending $7.5 billion
Interest on past wars $57.7–$228.1 billion
Total Spending $1.003–$1.223 trillion