The truth is Clinton's so-called 'surplus' was created by Bush Senior. Clinton plunged the nation into debt, destroyed that surplus, and passed it on to GW. All this talk about 'Clinton's surplus' is replete with LIES. Wake up, America. Wake up.
Ahhh, no. The surplus was caused by the tech bubble, combined with a re-figuring of the tax code, combined with refiguring the welfare system, combined with the housing bubble.
Assuming it takes ~10 years for a program to kick in is just that, an assumption.
The fact lost revenue is due to millions unemployed and Obama does nothing except help unions.
Obama continues to spend and does little for the economy or unemployment. Those are the facts your partisan hack reporter ignores
The fact that you think the president can wave a magic wand and fix the economy tells me everything I need to know about you.
Tax cuts won't fix it, stimulus won't fix it. The only thing the government can do directly is move money around.
Revenues are low because the taxes are too high, and the ecnomy is stifled.
LOL. The laffer curve is BULL****. Revenue is low because theres a ton of people out of work and theres too many loop holes in the tax code that allow the super rich to pay less in taxes, in terms of a percentage of their income, than the middle class.
There is a revenue and a spending problem. Fixing the tax code to make it more equitable fixes the revenue problem. Fixing the spending problem can be largely done through cuts in defense spending, ending both wars, and letting the stimulus just end.
Fixing medicare, medicaid, and social security are, IMO, separate issues. Ryan's plan doesn't fix medicare or medicaid, it simply eliminates them, Obama's plan doesn't do anything either.
If you believe that that all of those programs shouldn't exist, you need to have a way for people to still get health care without ****ing themselves over. IMO, the easiest way to do this would be to have a 100% tax rebate on health care cost, allow people to set aside more than $1500 in IHA's (unlimited would be used to dodge taxes with the current tax code), etc
The problem is that those things don't exist in a vacuum.
Our global competitors are engineering much more favorable tax rates towards businesses and individuals who are involved in job creation.
Many businesses have already moved chunks of their operations overseas to save on taxes.
Simply raising taxes does not confront this problem.
Most businesses have moved over seas to save on labor cost. The loop holes that exist in the tax code would allow them to pay nearly the same rates, if not less, as they do were they moved to.
American's need to accept that manufacturing that isn't highly skilled labor (requiring specialized training) is simply not coming back to the united states without a MAJOR SHIFT in the culture i.e. willing to work for pennies.
Of course, if the economist are to be believed, going to a consumption based tax code would bring some of those jobs here since companies would be taxed much less than any where in the world since paying for labor wouldn't be taxed under said system.
why doesn't barack the slasher move his rhetoric thru senate?
700 days, and counting...
Why do you assume that Obama has any influence over the legislature? The Dems aren't the Republicans. They are much more fractured and have a much wider tent. The Senate is Dems are looking at their own intrest, which is to paint Republicans as heartless monsters who want to kill you when you're 70. Its going to work.