Obama: Cut the deficit by taxing the rich

[Mr Khan]

HappySqurriel said:

Mr Khan said:

HappySqurriel said:

The US government doesn't have a revenue problem, it has a spending problem ...

The problem being that "cut the budget" always seems laser-targeted on cutting off medicare and other necessary entitlement programs, when these programs are quite honestly not comprehensive enough.

Revenue alterations are the only alternative, that and eliminating waste and streamlining programs without reducing benefits (and eventually increasing the benefits as is the only ethical long-term option).

And there is definitely a revenue problem when we're leaving so many groups that should be shouldering more of the burden paying absolutely nothing (or being owed money by the government, like GE)

 

For every $1.00 created in the private sector the US government is spending $0.66, within a couple of years it will be $1.00, the people who are not doing their fair share are the people who are living off of the government; regardless of whether you're talking about people on welfare or those within government bureaucracy or public unions.

The economy needs to be (about) thee times the size to support current spending levels, taxing the rich will not magically fix this problem.

Some streamlining is necessary, but i hope to be one of those people living on bloated goverment benefits in the future (like my Uncle, whose near retirement and now spends most of his time on vacation, though he's from the self-sustaining FDIC), though that's aside the point. The public sector breeds necessary public good, and what the private sector needs to sacrifice on that point is their duty to sacrifice