Watch the dems say "increase taxes

[Renae]

YouTube - Barney Frank: Plenty of rich people that we can tax

 

[Harshaw]

If anybody really thinks Obama, Pelosi, and Reid will be in charge of things and taxes won't go up from there they are NOW on anyone making less than $250K, they need to spend some quality time at the Betty Ford clinic. I'd also say they need to smarten up, but no one can actually be that stupid without chemical intervention.

 

[Ikari]

Anyone who thinks that the Republocrats as a whole won't raise your taxes either directly through tax increases or indirectly through inflation needs to visit the Betty Ford clinic.

 

[obvious Child]

Anyone who doesn't think we don't need to raise taxes to reduce the debt that may likely cause us to go insolvent needs to 1) look at the current debt and 2) look at the annual debt servicing.

To get out of the hole, we're going to need to raise taxes and cut spending.

I'd rather pay more now then watch my country go insolvent or into hyperinflation. Don't know about you guys though.

 

[Harshaw]

Anyone who thinks that the Republocrats as a whole won't raise your taxes either directly through tax increases or indirectly through inflation needs to visit the Betty Ford clinic.

I'm not excluding Republicans from anything, thank you very much.

 

[Harshaw]

Anyone who doesn't think we don't need to raise taxes to reduce the debt that may likely cause us to go insolvent needs to 1) look at the current debt and 2) look at the annual debt servicing.

To get out of the hole, we're going to need to raise taxes and cut spending.

I'd rather pay more now then watch my country go insolvent or into hyperinflation. Don't know about you guys though.

I'm all for eliminating all of the spending increases of the last 8 (and more) years, no question. But if that's done, taxes won't need to be raised.

 

[obvious Child]

I'm all for eliminating all of the spending increases of the last 8 (and more) years, no question. But if that's done, taxes won't need to be raised.

That ain't going to happen. Actually if we just got rid of medicare/medicaid or made them entirely state programs, we could start paying the debt off at the rate of $1+ trillion a year. But that ain't going to happen. Most likely, we'll have a huge financial crisis that causes us to greatly scale back our spending. Nothing in America gets done without a crisis. If we were intelligent, we'd raise taxes $250 billion and cut spending by $500 billion and pay down over a period of time to lessen the pain. But clearly we're not. $750 billion towards debt repayment would take a while to eliminate that $11 trillion dollar monster, but it would be better then having to default.

 

[Harshaw]

That ain't going to happen. Actually if we just got rid of medicare/medicaid or made them entirely state programs, we could start paying the debt off at the rate of $1+ trillion a year. But that ain't going to happen. Most likely, we'll have a huge financial crisis that causes us to greatly scale back our spending. Nothing in America gets done without a crisis. If we were intelligent, we'd raise taxes $250 billion and cut spending by $500 billion and pay down over a period of time to lessen the pain. But clearly we're not. $750 billion towards debt repayment would take a while to eliminate that $11 trillion dollar monster, but it would be better then having to default.

Spending is not going to be cut, period. It doesn't happen. It should happen, but it's not going to.

 

[obvious Child]

Spending is not going to be cut, period. It doesn't happen. It should happen, but it's not going to.

Then crisis it is!

 

[Harshaw]

Then crisis it is!

Perhaps. But spending will not be cut. If anything, it'll increase at a faster rate.

 

[Ikari]

I'm not excluding Republicans from anything, thank you very much.

You're welcome very much. I was merely expanding on your original comment. The whole truth is better than part of the truth.

 

[Harshaw]

You're welcome very much. I was merely expanding on your original comment. The whole truth is better than part of the truth.

Not every discussion necessarily encompasses "the whole truth," so the implication that I'm leaving something out is off the mark.

 

[Kernel Sanders]

The political climate right now is ridiculous. Every couple of months another financial black hole opens up, yet at the same time planning to raising taxes is equitable to planning to create a Department of Puppy Drowning. This is politics in America today, and were're going to get exactly what we deserve for cutting taxes while starting wars and buying banks. Nobody can see past their next election and it's going to bite us big time

 

[Iriemon]

That ain't going to happen. Actually if we just got rid of medicare/medicaid or made them entirely state programs, we could start paying the debt off at the rate of $1+ trillion a year. But that ain't going to happen. Most likely, we'll have a huge financial crisis that causes us to greatly scale back our spending. Nothing in America gets done without a crisis. If we were intelligent, we'd raise taxes $250 billion and cut spending by $500 billion and pay down over a period of time to lessen the pain. But clearly we're not. $750 billion towards debt repayment would take a while to eliminate that $11 trillion dollar monster, but it would be better then having to default.

Eliminating Medicare/Medicaid would give us a trillion dollar surplus. In 2007 medicare spending was $436 billion; medicaid was $190 billion for a total of $626 billion. That is far less than the trillion dollars the Govt had to borrow in 2007, and barely more than the 500+ billion it averaged in the 5 years prior to 2007.

There is no doubt in my mind however that a major overhaul of the health care system in the US is necessary.