death of the Democratic Party

The Security System is still solvent, and will remain solvent for the next 27 years... The fear-factor doesn't work this time... And the Social Security system is not part of the current debt-crisis.

The solution is simple... Remove the $106,800 limit, and tax all the income at the individual's share, but keep the $106,800 limit for employer contributions.... Problem solved for the next 150+ years....

Bush was STILL handed a SURPLUS and blew it......

LadyJazzer wrote: Entitlement spending is NOT part of the current crisis. It could be about 25 years from now...But it isn't NOW...

The Security System is still solvent, and will remain solvent for the next 27 years... The fear-factor doesn't work this time... And the Social Security system is not part of the current debt-crisis.

Entitlement spending IS part of the current crisis because it is adding to our deficit.

You are technically correct in saying that Social Security is solvent (for now), but that really doesn't mean much. In 2010, benefits paid exceeded payroll taxes collected. So now we are digging into the trust fund. The problem is, the money in the trust fund has all been spent and replaced with US treasuries. We have to borrow money to pay off the treasuries in order to pay benefits. Last year we borrowed $37 billion for Social Security, and much more for Medicare. And it's getting worse and worse...

Some senior Democrats are claiming that Social Security does not contribute "one penny" to the federal deficit. That’s not true. The fact is, the federal government had to borrow $37 billion last year to finance Social Security, and will need to borrow more this year. The red ink is projected to total well over half a trillion dollars in the coming decade.

http://www.factcheck.org/2011/02/democrats-deny-social-securitys-red-ink/

LJ what exactly should we cut in the government? Then you should answer who and what should get taxed more to reduce the national debt and deficit?

I've answered these same questions over and over again... I'm tired of giving the same answers, particularly when I don't give a flip if you like my answers or not. (Particularly when one of my answers is in the response on this same page.) If you want to know, you know how to use the search function, but since you obviously don't actually read my answers, it doesn't matter if I post them, does it....

LadyJazzer wrote: I've answered these same questions over and over again... I'm tired of giving the same answers, particularly when I don't give a flip if you like my answers or not. (Particularly when one of my answers is in the response on this same page.) If you want to know, you know how to use the search function, but since you obviously don't actually read my answers, it doesn't matter if I post them, does it....

Typical Liberal! Spends a paragraph typing why she doesn't want to answer rather than just typing her answer. Pathetic!

So, just for fun, I just searched a catalog of my "greatest hits" for Revenue Enhancers and Tax-Cuts:

REVENUE:

Social Security: Remove the $106,800 limit, and tax all the income at the individual's share, but keep the $106,800 limit for employer contributions.... Problem solved for the next 150+ years....

Restore the Bush tax-cuts... ALL of them.

Remove the subsidies for oil companies.

Remove the subsidies for corn/ethanol

Remove (or means-test) the farm subsidies for large agri-business

Remove the tax-breaks for corporate jets

Lower the corporate tax rates from 35% to 28%-25%, but close EVERY damned loophole so that the EFFECTIVE tax rate really IS 25%... (The current effect tax-rate is around 18% or less.)

Remove the tax-break for hedge-fund managers so that they pay the full personal tax-rate on their earnings instead of the 15% capital-gains rate.

Close ALL tax-breaks for companies that move their jobs off-shore.

Continue to close EVERY off-shore income-sheltering device; Swiss bank accounts; Cayman Islands; Ireland; ALL of it. Give the companies 1 year to repatriate their off-shore assets. No 5% rate for bringing them back... ONE YEAR to bring them back or there will be a 5% PENALTY on top of the applicable taxes.

Close the loophole that allows ANY Congressperson or Senator to collect benefits, pensions, health-care, etc., if they were expelled, removed from office, or committed a crime while in office where it could be proved that they used their office for financial gain, selling their vote, bribery, or any other malfeasance of their office.

Return the Inheritance taxes to their pre-Bush levels.

Do away with the REIT tax loophole; (Real-Estate Investment Trusts), that cute trick that companies like Wal-Mart uses to create shell companies to buy property and then lease it back to the company, tax-free.

Change the mortgage-interest deduction so that any homes over $500,000 are means-tested and on a sliding scale based on income-level.

Change the rule that lets millionaires spend as few as 14 days on their luxury yachts and declare them at the same rate as second "home mortgages."

Change Medicare, so that coverage is means-tested... The more you make over $500,000, the more you contribute in co-pays, and the less benefits you get.

..............

I'm sure there are others, but those are the ones that come to mind.

---

TAX-CUTS:

MILITARY:
1) Close unnecessary bases, particularly in Europe and the Middle East where they aren't needed.
2) Do away with no-bid contracts.
3) File lawsuits to recover money from contractors who don't perform, or do shoddy work, or don't fulfill contractual obligations.
4) Bring troops back home from unnecessary wars... Stop the fantasy that "We won't leave until we win"... There IS NO "WINNING" here... There is "declare we've won" and get the hell out.
5) Shutdown programs that the military doesn't need and want, but are only being funded because of defense-industry lobbying, and pork-barrel reasons having to do with the fact that they are done in some congressman's or senator's district.

Leave Medicare and Medicaid alone.

Rescind the cute little law that gives Congress-critters automatic raises when no one is looking... MAKE them have to approve it...in the light of day... Not at 2am in the morning when the cameras aren't turned on, and where the public has to be able to see them do it.

Approve and support the Consumer Protection Agency

Approve and support the Financial Regulations recently passed.

Approve and support the Affordable Health Care Act.


Admittedly some of these could be considered as much "tax-cuts" as revenue-raisers, but the theme is the same.



Must See Chart: Tax Breaks for the Rich Versus Budget Cuts

http://www.good.is/post/must-see-chart- ... dget-cuts/

LadyJazzer wrote: So, just for fun, I just searched a catalog of my "greatest hits" for Revenue Enhancers and Tax-Cuts:

REVENUE:

Social Security: Remove the $106,800 limit, and tax all the income at the individual's share, but keep the $106,800 limit for employer

contributions.... Problem solved for the next 150+ years....

Restore the Bush tax-cuts... ALL of them.

Remove the subsidies for oil companies.

Remove the subsidies for corn/ethanol

Remove (or means-test) the farm subsidies for large agri-business

Remove the tax-breaks for corporate jets

Lower the corporate tax rates from 35% to 28%-25%, but close EVERY damned loophole so that the EFFECTIVE tax rate really IS 25%... (The current

effect tax-rate is around 18% or less.)

Remove the tax-break for hedge-fund managers so that they pay the full personal tax-rate on their earnings instead of the 15% capital-gains rate.

Close ALL tax-breaks for companies that move their jobs off-shore.

Continue to close EVERY off-shore income-sheltering device; Swiss bank accounts; Cayman Islands; Ireland; ALL of it.

Give the companies 1 year to repatriate their off-shore assets. No 5% rate for bringing them back... ONE YEAR to bring them back or there will be

a 5% PENALTY on top of the applicable taxes.

Close the loophole that allows ANY Congressperson or Senator to collect benefits, pensions, health-care, etc., if they were expelled, removed from

office, or committed a crime while in office where it could be proved that they used their office for financial gain, selling their vote, bribery,

or any other malfeasance of their office.

Return the Inheritance taxes to their pre-Bush levels.

Do away with the REIT tax loophole; (Real-Estate Investment Trusts), that cute trick that companies like Wal-Mart uses to create shell companies to

buy property and then lease it back to the company, tax-free.

Change the mortgage-interest deduction so that any homes over $500,000 are means-tested and on a sliding scale based on income-level.

Change Medicare, so that coverage is means-tested... The more you make over $500,000, the more you contribute in co-pays, and the less benefits

you get.

..............

I'm sure there are others, but those are the ones that come to mind.

---

TAX-CUTS:

MILITARY:
1) Close unnecessary bases, particularly in Europe and the Middle East where they aren't needed.
2) Do away with no-bid contracts.
3) File lawsuits to recover money from contractors who don't perform, or do shoddy work, or don't fulfill contractual obligations.
4) Bring troops back home from unnecessary wars... Stop the fantasy that "We won't leave until we win"... There IS NO "WINNING" here... There is

"declare we've won" and get the hell out.
5) Shutdown programs that the military doesn't need and want, but are only being funded because of defense-industry lobbying, and pork-barrel

reasons having to do with the fact that they are done in some congressman's or senator's district.

Leave Medicare and Medicaid alone.

Rescind the cute little law that gives Congress-critters automatic raises when no one is looking... MAKE them have to approve it...in the light of

day... Not at 2am in the morning when the cameras aren't turned on, and where the public has to be able to see them do it.

Approve and support the Consumer Protection Agency

Approve and support the Financial Regulations recently passed.

Approve and support the Affordable Health Care Act.


Admittedly some of these could be considered as much "tax-cuts" as revenue-raisers, but the theme is the same.



Must See Chart: Tax Breaks for the Rich Versus Budget Cuts

http://www.good.is/post/must-see-chart- ... dget-cuts/

OK, I give credit where credit is due. Very good research LJ! I don't agree with some of them but it gives a lot of food for thought. I am going to look them over. Thanks!

LadyJazzer wrote: So, just for fun, I just searched a catalog of my "greatest hits" for Revenue Enhancers and Tax-Cuts:

REVENUE:

Social Security: Remove the $106,800 limit, and tax all the income at the individual's share, but keep the $106,800 limit for employer contributions.... Problem solved for the next 150+ years....

Restore the Bush tax-cuts... ALL of them.

Remove the subsidies for oil companies.

Remove the subsidies for corn/ethanol

Remove (or means-test) the farm subsidies for large agri-business

Remove the tax-breaks for corporate jets

Lower the corporate tax rates from 35% to 28%-25%, but close EVERY damned loophole so that the EFFECTIVE tax rate really IS 25%... (The current effect tax-rate is around 18% or less.)

Remove the tax-break for hedge-fund managers so that they pay the full personal tax-rate on their earnings instead of the 15% capital-gains rate.

Close ALL tax-breaks for companies that move their jobs off-shore.

Continue to close EVERY off-shore income-sheltering device; Swiss bank accounts; Cayman Islands; Ireland; ALL of it. Give the companies 1 year to repatriate their off-shore assets. No 5% rate for bringing them back... ONE YEAR to bring them back or there will be a 5% PENALTY on top of the applicable taxes.

Close the loophole that allows ANY Congressperson or Senator to collect benefits, pensions, health-care, etc., if they were expelled, removed from office, or committed a crime while in office where it could be proved that they used their office for financial gain, selling their vote, bribery, or any other malfeasance of their office.

Return the Inheritance taxes to their pre-Bush levels.

Do away with the REIT tax loophole; (Real-Estate Investment Trusts), that cute trick that companies like Wal-Mart uses to create shell companies to buy property and then lease it back to the company, tax-free.

Change the mortgage-interest deduction so that any homes over $500,000 are means-tested and on a sliding scale based on income-level.

Change the rule that lets millionaires spend as few as 14 days on their luxury yachts and declare them at the same rate as second "home mortgages."

Change Medicare, so that coverage is means-tested... The more you make over $500,000, the more you contribute in co-pays, and the less benefits you get.

..............

I'm sure there are others, but those are the ones that come to mind.

---

TAX-CUTS:

MILITARY:
1) Close unnecessary bases, particularly in Europe and the Middle East where they aren't needed.
2) Do away with no-bid contracts.
3) File lawsuits to recover money from contractors who don't perform, or do shoddy work, or don't fulfill contractual obligations.
4) Bring troops back home from unnecessary wars... Stop the fantasy that "We won't leave until we win"... There IS NO "WINNING" here... There is "declare we've won" and get the hell out.
5) Shutdown programs that the military doesn't need and want, but are only being funded because of defense-industry lobbying, and pork-barrel reasons having to do with the fact that they are done in some congressman's or senator's district.

Leave Medicare and Medicaid alone.

Rescind the cute little law that gives Congress-critters automatic raises when no one is looking... MAKE them have to approve it...in the light of day... Not at 2am in the morning when the cameras aren't turned on, and where the public has to be able to see them do it.

Approve and support the Consumer Protection Agency

Approve and support the Financial Regulations recently passed.

Approve and support the Affordable Health Care Act.


Admittedly some of these could be considered as much "tax-cuts" as revenue-raisers, but the theme is the same.



Must See Chart: Tax Breaks for the Rich Versus Budget Cuts

http://www.good.is/post/must-see-chart- ... dget-cuts/

The list just proves you have no ideas that would balance the budget, reduce the deficit and create jobs. In fact your fantasy of screwing the rich would just kill the corporate jet business and luxury yacht business in this country, if you were smart you would stop taking your talking points from Barry. What subsidies would you remove from oil companies? Are oil companies not allowed to take the same deductions as other companies? How many more jobs are you willing to sacrifice to satisfy your fantasies of screwing the rich?

Why should anyone have to pay more into Social Security when the amount you receive back is capped? Or are you admitting its a Ponzi scheme that was never sustainable in the first place?

When it comes to military spending you could cut the entire military budget and you would still have to cut over 1/2 the spending on entitlement programs to balance the budget. Clearly, just trimming the military budget ain't going to cut it. I'm for cutting the fat, but this won't have the impact liberals like yourself think it will. The same goes for agricultural subsidy programs, cut them too, but don't expect big savings.

Like it or not, in the end the real savings are going to have to come from entitlement programs because that is where a majority of the spending is. We need to get government out of health care completely, it only drives up costs because of the inefficiencies that are passed on to the rest of us. Give companies a reason to relocate to the US by cutting the corporate tax rate to 10% and you will see a boom in jobs in this country like no other. Then we might have more than 75% paying some sort of federal income tax, we need more people with some skin in the game because people who get something for nothing don't care how much it costs. Finally stop increasing the debt ceiling and force the politicians to deal with its out of control spending spree.

Let the whining begin.

Yep, the chart "Tax Breaks for the Rich Versus Budget Cuts" says it all...

How come Conifermtman seems to have a good grip on reality while LJ remians clueless?