Comments on: Tax Cuts? Baloney! Government Burden Has Grown

By: Myron ALARMIST Pauli

Myron ALARMIST Pauli — Thu, 16 Dec 2010 15:46:59 +0000

Frank B, Ilana, etc: It is even WORSE when one looks at Federal, State, and Local combined. See

http://www.usgovernmentspending.com/#usgs302a

Total Government Expenditures is 6413 Billion (or Gigabucks!) in 2010 – up 20% over just 2 years ago!!

Total Government Revenue is 4451 Gigabucks -down 314 Billion from 2008!

Income taxes bring in $ 1.4 Trillion so even if you could (magically!) double them, you will STILL have a deficit. Of course, doubling income tax rates would completely tank the economy and would not raise twice the revenue. So this is part of the conundrum – right now, we are borrowing and printing to cover our excessive spending butts.

By: irongalt

irongalt — Thu, 16 Dec 2010 04:26:31 +0000

It’s disappointing that Ron Paul supports this. Compromise has always been a word that makes me shutter.

From what Wikipedia says about the Bush tax cuts…EGTRRA ang JGTRRA, it appears that it only amounts to a few percent change to the income tax anyways (which is dwarfed by the total taxes for nominal incomes)…the only real notable facet is the inheritance tax being set to 0, which the new “compromised” version apparently won’t do. So basically we see the the *total* tax rate staying at 50% instead of going up to 53%, in trade for droves of more unemployment oinkers. What a deal.

It seems to me that these temporary tax cuts are designed to use the ratchet effect: temporary tax cuts go into effect, the national debt goes up, other taxes are permanently increased to compensate, then the tax cut expires and presto…we just increased taxes on everybody without a whimper.

By: Frank Brady

Frank Brady — Thu, 16 Dec 2010 03:29:16 +0000

Although the deficit (and the debt) are problems, they are a sideshow and a distraction from the real problem: The Growth of Government. It would be theoretically possible to “balance the budget” by increasing the government’s take (raising taxes). That would not solve the real problem. Dollars serve as a metric for the growth of federal power–and that growth is monstrous, literally.

By: Ebenezer SCROOGE Pauli

Ebenezer SCROOGE Pauli — Wed, 15 Dec 2010 23:39:17 +0000

This is a rare time that I disagree with Ron Paul on – a Congressional vote between “BAD choice A” and “WORSE choice B” – but I am Ebenezer Scrooge. CUT SPENDING FIRST (and second and third) – and cut taxes afterwards. Get the annual deficit down below the $ 1 Trillion level.

Today’s unemployment benefit, ethanol subsidy, bombed Pushtun, jailed dope smoker gets billed to our children. There is NO FREE LUNCH! The payroll tax cut to pay for a plasma TV comes out of Anna’s hide in 2020. The iceberg is still in front of us and we are accelerating into it.

Thomas “frugal government” Jefferson said:

“We may consider each generation as a distinct nation, with a right, by the will of its majority, to bind themselves, but none to bind the succeeding generation, more than the inhabitants of another country”

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”

“It is incumbent on every generation to pay its own debts as it goes.”

“Never spend your money before you have earned it”