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Socialism cannot compete!
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Yeah, definitely cut spending at least as much as taxes! As long as both are drastic cuts! What to cut? I'll start with a few and let others add to it with their knowledge of the waste (it's gotten so big, can any single person even keep track of it all??):
Oct 01 15:14 pm
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All Comments by Socialism cannot compete! »The Economy Won't Be Ignored [View article]
1) Federal Department of Education: we need this why? I think we've all seen how well pulling education strings from the federal level has worked these last few decades. Kill it. Let the states run their education systems.
2) Social Security -- phase it out. Now. Don't kill it totally right away...we all acknowledge that there are those already retired who depend on it. Institute a reduced payment curve beginning with anyone 10 years away from retiring on down. Get less the further from retirement you are...but also pay less in. Actuaries can work out the schedule so that those retired or less than 10 years from retiring won't see a difference and so that those of us left to pay will start seeing reductions in our withholding for it over time.
3) Medicare -- same deal. We know some depend on it. Universal health care is not the answer to high costs. Medicare is one proof of it...it has actually *contributed* to the costs via Medicare fraud! And we continue to grow medicare -- we never should have added prescription benefits. Phase it out. Socialism does not work. In the same way that it removes incentive from the work force, it removes the fiscal incentive to live healthfully when you know the government is paying for whatever healthcare you need.
4) Kill all contributions to the U.N. The U.N. is a farce. It has long since deviated from its original mission, and is now simply a boondoggle for the U.S. to hinder our foreign affairs. We are always bound by the resolutions (or waiting for one to pass), while the rogue country we are trying to resolve an issue with never follows the U.N. resolution. Need I even start on the corruption, vote-buying in the Security Council, Food for Oil scandal, etc.? Pull out already!
Here's an index containing all U.S. agencies. Staggering to say the least!!
www.usa.gov/Agencies/F...
What should not be cut...these core functions:
1) national defense
2) basic infrastructure (roads, bridges, airports)
3) needed regulation of business and markets
4) food and drug safety oversight
The rest can GO!
On Oct 01 12:12 PM BiggerFear wrote:
> @ Socalism... So your recommendation is to cut taxes and cut spending
> more than you cut taxes? Remember the US is already running a deficit.
> So if your policy is to cut taxes, (which the bailout plans to do),
> you will need to cut spending as follows:
>
> spending cut >= tax cut + annual deficit
>
> Ok, I'll play along. Where to cut? Medicare - what medicare? Defence
> - would be nice to get the troops out of Iraq, but what about Iran's
> nukes, social security? - its already not enough to retire on, why
> not zero that out.
>
> America already has the smallest spending of the G7 countries (yes
> the rest are socialist countries). But hey, perhaps the US can be
> run on a dollar fifty.
>
> I think you are dreaming, cutting spending just means you end up
> paying for it anyways. Not in tax but the price in goods.
>
> It really is irrelevant, either solution could work, the key being
> that the US can not keep running a deficit and increasing the debt.