The many years of overspending from Washington isn’t just irresponsible, it’s downright unsustainable. Without action, the problem gets worse and worse, in less and less time. Key themes:
Overspending Mentality
From Bad to Worse
From Worse to Crisis
Spending Reduction Only Sustainable Solution
Click here for the Unsustainable Spending fact sheet.
Sorry, I think taxes have to go up and spending has to be cut back as well (not just the latter as this website, funded by who knows who…, seems to imply). There are certainly good areas to cut, but, you don’t see any of them specifically mentioned on this website. What is the point of this website? We’ve had years of tax cuts that were never paid for. Those of us who benefited from the tax cuts and the deranged deficit spending of the Republican party, including myself, will now need to pay back those bills we never paid for. More uncertainty courtesy of politicians who’ve already retired and are collecting very nice pensions. We got what we voted for and they are counting on us to have very short memories (they seem to be right).
I say rather than increasing taxes, how about reducing or eliminating tax refunds and especially EIC (Earned Income Credit) I know so many people that get these HUGE $4,000 or more tax refunds because of having children. I have two kids, I pay child support, I have them all summer and pay child care on top of the monthly child support and so on. I don’t get a dime in refunds from having my children. I don’t think anyone else should either. I mean really, how does a once a year refund from OUR government support someone other than providing that cash to go on a spending spree or vacation. Think about it, how much would OUR government save simply by not giving any refunds. Right, wrong or indifferent, that would be my suggestion as an alternative to raising taxes.
After seeing this organization advertised on TV this morning and after browsing through this website, I’m not seeing a clear purpose. Is it for balancing the federal budget, reducing the size of the federal government, reducing business regulations and taxes, what?
It could use more straight forward content. How about discussing cuts in social security, medicare, and military since these things comprise most of the federal budget? We know that borrowing money for stimulus is a bad idea, but what about borrowing money to fund military conflicts and new bases? How about the problem of subsidizing tax cuts with borrowed money rather than balancing them with permanent budget cuts?
Will we ever LEARN?
Instead of playing around with all those TAX GIMMICKS, we need a complete NEW system of taxation.
Tax GROSS INCOME instead of NET INCOME and its inherent TAX LOOPHOLES.
In 1974 the tax code covered one volume. In 2010 it has grown to two volumes and even the EXPERTS at the IRS do not know whats in the code or understand it.
MANY a politician has promised TAX REFORM – the old game of politics – promise a lot but deliver nothing.
I’ve been arguing the exact same thing this site states for years. However, taxation is but one “remedy” the government has at its disposal. Another is to devalue the currency through the federal reserve via quantitative easing but that just makes the situation worse as deficit spending, the over all national debt, prices and interest rates will inevitably begin to rise. This is what the government has been trying to do for a while now through such programs like ‘cash for clunkers” and various stimulus plans but to no avail. Quantitative easing 2 is pretty much the only option left unless government starts to cut its spending dramatically.
The problem is: what exactly to cut. If the government attempts to cut social security, medicare, and medicaid the detrimental effects it will have on a wide range of American people that depend upon those programs will be enormous. Next, the defense budget, Homeland Security and others could also be cut but once again people will raise cain once those are considered to. No politician, either Democrat or Republican is going to raise any of those proposals as that would mean political suicide. Therefore, nothing will be done but one thing is for certain in my opinion. Taxes will inevitably, quantitative easing will increase at ever faster rates, while the debt increases, and the U.S. dollar falls like a stone.