Skip to main content

View Diary: Boehner finds way forward on fiscal cliff votes (424 comments)

Comment Preferences

  •  Not a single Democrat has articulated a (10+ / 0-)

    plausible plan for how we are going to sustain government spending of 23% of GDP by making Bush tax cuts up to $400,000 per year permanent which according to some leave us government revenues of between 16% to 18% of GDP.

    This is going to require unimaginable cuts and I don't see any plausible explanation of how we will oppose them.  

    I'm dumbfounded.  

    The means is the ends in the process of becoming. - Mahatma Gandhi

    by HoundDog on Tue Jan 01, 2013 at 03:51:40 PM PST

    •  Obama is also pushing for tax reform to raise (2+ / 0-)
      Recommended by:
      BennyToothpick, Andrew C White

      more revenue from rich people.

      "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." --M. L. King "You can't fix stupid" --Ron White -6.00, -5.18

      by zenbassoon on Tue Jan 01, 2013 at 03:55:00 PM PST

      [ Parent ]

    •  Tax Reform. (1+ / 0-)
      Recommended by:
      Andrew C White

      President Obama stated that we would need to do comprehensive tax reform in order to have a fairer revenue stream.

      Cuts will still, of course, be necessary.  But not drastic cuts.

      The difference in revenue between $250K and $400K is not that great in terms of GDP, so either way additional revenue would be necessary by way of tax reform.

    •  Cite? (1+ / 0-)
      Recommended by:
      Andrew C White
      which according to some leave us government revenues of between 16% to 18% of GDP.
      And might it provide comparisons of what % of GDP would be achieved by other revenue approaches?

      "No one life is more important than another. No one voice is more valid than another. Each life is a treasure. Each voice deserves to be heard." Patriot Daily News Clearinghouse & Onomastic

      by Catte Nappe on Tue Jan 01, 2013 at 03:57:12 PM PST

      [ Parent ]

    •  Fix is to let the economy fix itself (1+ / 0-)
      Recommended by:
      andrewdski

      but the Republican's just can't let that happen. Economic recovery should pull $400-600B of costs out of the budget, we can get to 20-22%GDP spending and 18-19% GDP income. All easily sustainable.

    •  did you account (0+ / 0-)

      that last year spending was 25% GDP and it dropped to 23.8% all due to a recovering revenue stream?

      That's how it works. Our problem is we have had 19-20% revenues and 22-23% spending for the last 30 years on average. The rest of the western world runs on a 22/23 ratio historically.

      Lat year we had 16% revenues, and this year its around 17.5%. All we need is to get the revenues back to 19-20% and cut defense spending and we will be right back in the saddle again.

      GOP- Fact Free since 1981!

      by KingGeorgetheTurd on Tue Jan 01, 2013 at 04:26:37 PM PST

      [ Parent ]

    •  You (0+ / 0-)

      do realize that even if ALL of the Bush Tax cuts expired that there still wouldn't be nearly enough revenue to entirely close the deficit, right? So, I guess I don't see your point here.

Subscribe or Donate to support Daily Kos.

  • Recommended (170)
  • Community (68)
  • Civil Rights (44)
  • Baltimore (42)
  • Culture (35)
  • Elections (35)
  • Bernie Sanders (34)
  • Economy (31)
  • Texas (30)
  • Law (27)
  • Environment (26)
  • Labor (25)
  • 2016 (24)
  • Rescued (21)
  • Education (21)
  • Hillary Clinton (21)
  • Politics (20)
  • Health Care (20)
  • Freddie Gray (20)
  • Media (19)
  • Click here for the mobile view of the site