that is what the Free sh*t! party is all about, they die before they stop redistributing our wealth...which ought to tell you how this thing has to end...
Well no obvious "cuts" anyway.
Jim Kessler, senior vice president for policy at Third Way, a centrist Democratic think tank, thinks the most Democrats can get from tax reform is about $300 billion to $400 billion. He said negotiators can find an additional $100 billion in revenue by switching the chained-CPI formula for calculating cost-of-living increases for Social Security and other federal programs.
See, we can get another 100 Billion ( 10 Billion a year!) if we lie about inflation even more!
You see, a "Cut" in Washington means you don't get last years budget + another 6-8%. If you spend the same as you did last year, then that is a "Cut" . Therefore you need 2.4 Trillion in "cuts" over a ten year period just to keep the behemoth from growing. Got to love the bit about how they are spending money through the tax code.. as if they had collected it and gave it back with a deduction. Dems really don't think anyone changes their behavior in response - they that getting rid of the Mortgage interest deduction would make their revenue go up - and it might , for a year or two till people adjust. But a year or two is all they are ever after. But how many houses go into foreclosure because of it? How many more are added to the govt housing roles? All according to plan of course, but nothing that will reduce the spending or the eventual outcome. How many others loose their disposable income and instead of buying, investing, or hiring hand the money over so the government can keep Joe Loser, the non contributing zero, housed, clothed and fed for another month, an a Democrat Govt worker employed pushing paper that produces nothing but another reliable Democratic voter? Since the TAXABLE ( non government) portion of GDP keeps shrinking, ever year their revenue Shrinks, while the spending grows. Its called a "Death Spiral"
Every number in that article is over ten years. Each year we spend 1 Trillion more than we take in. If you are calling for 4 trillion (as that Dem in the article is) that is 500 Billion a year, leaving you with ANOTHER 500 Billion you still have to pay ( and that is at CURRENT spending - not adding 6% a year) Of course getting an extra 500 Billion EVERY YEAR out of the private sector will mean confiscating at least 1/2 of all income over $100K - and that is just the FEDERAL tax burden. add on 4-8% for the state and then what are you taking home? Still worth those long 80 hour work weeks, or would you rather be home with family or enjoying hobbies? John Galt is built into the human psyche - and it will result in less consumer spending and less production they can tax. That in turn results in fewer jobs making those things. Cut the military budget. Hell get rid of the entire military, end all wars, and leave us defenseless and you get another 500 Billion a year. Congrats. You balanced the budget. Of course, now you left the entire military unemployed (and on the dole ) because there already were not enough job opportunities to go around. . and as a result they aren't spending either. The Dems are right- cutting the govt spending suddenly and dramatically WILL ALSO be GDP and job killing. Damned if you do. Damned if you don't, and we don't have time for a slow reversal even if it were politically feasible - which it isn't.
The Point of No Return has been reached and passed. The Economic Apocalypse is written, in pen, on the calendar. They will try to reschedule tier appointment with the piper as long as possible. But like Vinny and Kneecaps, eventually he will come to you. They are now arguing about appointment dates , and paying attention to this portion of Kabuki will not help you.
