Blog - The Real Problem With Funding the Government

We have a budget deficit because multi-national corporations and the richest 1% don’t pay their share of, if any, taxes.

Further why isn’t there anything about reducing military spending, which takes up FAR MORE of our budget than all of these combined and multiplied.

The GOP is a joke and the Dems aren’t much better at this point.

We need to cut spending. Not just 61 Billion. We need to cut trillions. Everyone is going to get hit for the Debt is so great this is what it is going to take to get us on track to balancing the Budget. This is the Dems mess and now the Repubs. are trying to clean up there mess and they the Dems don’t want to get serious and do some very serious cutting. All they know is to spend. We are taking the blank check from them and they are having a temper tantrim. Dems need to grow up and man up and face this problem that they have made 4 times worse and come with some solid and workable solutions instead of blaming Bush and the Repubs. They had several months to come up with a Budget but declined becasue of the election of 2010. Thats not what they are saying but thats the real reason they did not pass the Budget last year. This is there Conressional Duty under the Congressional law. Wait for the big battle when they have to take on the 2012 Budget. Won’t that be fun.

If we can’t afford it…we can’t afford it. That being said, We need to stop funding an organization that we pioneered that now dislikes us…The UN. Especially, and after Obama redirected what NASA does saying he wants them to study Climate change, and NASA has recently said that the famed theory of Global Warming being a result of terrestrail beings, is bunk! Planned parenthood is better suited as done by NPO’s and individual community work. The FCC is a draconian agency that actually should be almost completely dismantled. U.S> Constitution forbids the government from having any power over the internet, especially since it is a global network. The EPA has gone around Congress and behind the backs of this country to impliment regulation on greenhouse gasses that congress voted down laws year. Draconian and illegal. Cut that funding for sure. Cap and Trade was voted down. I could go on and on but I will not…I hope you get the picture. Sorry. GOP is right on this one.

If you don’t have money in your bank account you just don’t spend money. It’s that simple. The Government does not have money in the bank so we just don’t spend it. I would go to jail if I handled money the way the Government does. so we just can’t spend what we don’t have. It realy is that simple!

Close the tax loop holes on the multi-nationals, agreed. But even if you taxed the richest 1% at 90 – 100% it wouldn’t help. How much tax is enough?

Cut military spending? How about cutting all aid given to foreign countries? Or even, no welfare to illegals?

middle class wages have been stagnant for the last 30 years, while upper income earnings have been sky rocketing.

The reason the upper brackets paid a larger percentage of the taxes is directly because the lower brackets don’t have the money anymore.

PS,

End the Bush tax holiday(hell End the Reagan tax holiday for that matter)!!!

Has everyone forgotton that we are going thru the worst economic chrisis since the great depression, and that the housing bubble was created buy capitalistic greed, and that we are involved in 2 major military conflicts. This deficit didnt happen since the present administration came to office. Change needs to come to spending yes, but in a thoughtful manner, not just a knee jerk reaction by a select few.

Anyone who pays attention knows that it is currently impossible to have an honest debate about any legislation, either in the legislatures or in public. Honest civil debate is a lost art in this country replaced by sloganeering, half-truths, and genuflecting.

The debate that needs to take place, and is attempting to take place, is not about what is right and wrong, but about what is the proper role of government. Planned Parenthood, CPB, Dept. of Ed, all do not qualify as proper functions. The EPA is a tricky one since there are some functions that it should be performing that are proper, but hamstringing corporations is not one of them.

Democracy, which is an over used term in the current sorry excuse for debate, is nothing more than mob rule. 51% of the people can legally usurp the rights of the other 49% simply because they have control.

hmmm…the Democrats failed to complete the appropriations process last year when they controlled Congress

If you had read and understood the Constitution at some point in the past you would know that failure to mention something means that the federal government cannot regulate it. The Constitution defines limited powers for a federal government; everything else is left to the states and the people. And yes, before you ask, this does mean that the vast majority of federal government activities are blatantly illegal.

I for one hope the government stays shut down until it obeys its own laws.

We have a budget deficit because the government spends too much money plain and simple.

From the foundation of our country up until the day Obama got elected we overspent 10 trillion dollars which is inexcusable. But Obama’s administration has been the worst of all previous administrations. While it took a little over 200 years to spend us into a 10 trillion dollar deficit, Obama has managed to spend nearly nearly 5 trillion more dollars in deficit spending in just 2 years! Don’t tell me that it is because the rich don’t pay taxes.

And in a day when we face terrorist threats from every border you suggest we should cut our military funding? The government’s job is to protect the American people from foreign threats not to be our nanny.

1. Invest in the military.
2. Cut spending.
3. Create jobs by cutting taxes.
4. Let the free market drive the economy.
That is the formula for getting us out of this crisis.

It is not a misunderstanding, it is seeing the fractional reserve system for what it is. Creating money out of thin air and thereby decreasing the real value of the existing money in the system.

Fractional reserve banking is predicated thoroughly on the bank being allowed to extend more credit than it has cash on hand – that is creating money out of thin air.

A real money system, not based on fiat currency, is the only way to eliminate the death spiral that our current system is in. As for Reagan’s use of the Laffer curve (what you choose to call Voodoo) was at least an honest attempt to spur the economy into creating jobs. The last two administrations (W and O) have done everything in their power to stifle the economy while pretending that they are doing otherwise – that is voodoo….

When I talk about bailouts I include the $23 trillion dollars spent by the Fed in 2007, TARP, Use of fannie and freddi to hide market failures(rule changes in this organizations by the Bush administration in 2007 forced them to buy a lot of junk mortgage bonds).

The depth of the crisis is completely misunderstood, It would have dragged out much much longer, Remember the last great depression wasn’t pulled out until the government engaged in the largest spending spree ever engaged in ever(World War 2). Right along with the highest tax rates ever( 96% on highest bracket ).

H.R. 1 is missing a critical policy rider. The rider that requires reparations from the financial industry that caused the financial crisis and the great recession.

If B.P. has off shore drilling accident, it is required to pay for the damages it caused. I find it ironic that the Republicans want to slash Medicare and Social Security because the financial crisis has reduced revenue to the government.

Americans believe in individual responsibility. The Finanical Industry, through reckless and irresponsible behavior, looted American taxpayers and doubled our deficit. An enterprising Congress member needs to draft a bill requiring the financial industry to pay reparations to the American taxpayers for the havoc it has caused.

Congress is pursuing the wrong agenda. Stop punishing our retirees, the disabled and the unemployed and go after the real culprits. I suggest nameing the bill "The Financial Crisis Reparations Act of 2011. Take away the industry’s tax exemptions.

majority added an unprecedented number of policy riders to it, touching on just about every major political issue you can think of. While budgets always affect social policy, decisions on which chaussures air max bw programs to cut and which to fund should be made in the regular appropriations process that allows for committee review and public input. Of course, the Democrats failed to complete the appropriations process last year when they controlled Congress, and that’s why we now have to do the budget through a continuing resolution. But that doesn’t justify the Republicans

I think you’re right on. The Free market will drive the economy if given the tools and freedom to do so

Please do some research before you make such a ridiculous statement. The top 1% of income earners (those making $380,354 or higher) paid 38.02% of all taxes in 2008. That’s nearly double the tax income for which they were responsible in 1980 when they accounted for 19.08% of all tax income. The top marginal tax rate in 1980 was double today’s 35%.

http://www.taxfoundation.org/files/ff249.pdf
http://www.taxfoundation.org/files/fed_individual_rate_history-20110323.pdf

Neither party is talking about responsible governance if we include in that the idea that we cannot spend more than is taken in forever. I wish i could have hope for some real improvement, but I don’t. If all senators and house members were elected for one term only, and could never run for public office again – then we might see some real solutions that didn’t involve testing the political winds and catering to this or that constituency.

The Republicans have made this a not-too-friendly-democrat Christmas tree bill. Many Democrats will NOT support this bill because of the following:

Blocking the EPA from regulating green house gases.
As well as blocking the opening internet campaign.

Those clauses will have little to no Democratic support, which will hinder passing this budget bill.