Quote:
Originally Posted by tony286
Nope your belief that cutting a few programs is going to fix it. You need both cuts and revenue. Thats how clinton and Newt did it. And Newt felt raising taxes was going to be the end of the world and it wasnt.
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My belief? Read the thread, where did I state my belief was cutting a few programs will solve anything.
What I would do if I were in politics and could actually enact change.
Reduce spending.
Force military spending reductions by 5% annually for 6 years and then only COLA increases.
Make tenure for college professors illegal. Reduce the costs of a college education so more people could learn something without being buried in debt.
I would create a division with serious teeth to oversee waste and corruption in all entitlement programs.
Generate more revenue
I would immediately create a 5% federal sales tax. After one year if the budget starts moving in the right direction I would cut that tax back by 1% annually until it hit 2% and that would remain permanently.
I would create a flat tax. 16 -18%
I would make pot legal, and allow US farmers to grow it and tax it at the same rate cigarets and liquor is taxed. Along with that, anyone who is currently jailed for any pot related crimes would be freed from prison.
There are hundreds of ways to generate revenue. Adding additional taxes to the upper 1% won't fix the deficit. It will only chase those that actually create jobs away.