Quote:
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Originally Posted by Sea Demon
Quote:
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Originally Posted by bradclark1
I'm in full agreement with you. I'm not an economics wiz but I am a realist. As long as there are politicians there will be pork. Bridges to nowhere, highways to nowhere are good for votes. Alaska has been king of pork for years.
Last year $29 billion was spent on pork.
This year 2,658 projects were stuffed into the Defense and Homeland Security Appropriations Acts, at a cost of $13.2 billion. Alaska and Hawaii
were the biggest porkers.
Over the 10-year period from 2005 through 2014, the direct costs of the enacted and proposed tax cuts would total $2.8 trillion. From 2005 through 2014, the increased interest payments on the debt that result from the tax cuts would amount to $1.1 trillion. So all told that is going to cost 3.9 trillion dollars.
What cost us more? But killing pork would definetly help.
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I think you kind of answered the same way I did. It is the pork, and vote buying schemes that are causing the problems. Not tax cuts. It has been proven time and again that revenues are increased when the money is not being horded by government. Including under this President. Actually deficits were largely reduced a couple of years back due to more federal revenues. But the problem remains government spending. I know some of it's necessary. We are in a war after all. But if we cut out the pork and alot of the programs for the social services vultures, we would be alot better off. |
Lets be realistic. The cost of pork isn't a pimple on 3.9 trillion dollars. This tax cut actually cost money. As far as war this is the only president in our history that gave a tax cut in time of war. According to Bush we should have a surplus by 2012. I can't say yay or nay. It depends on the following presidents. This one showed you can go from black ink to red ink in record time.
Here is an actual neutral look for this year.
http://www.taxfoundation.org/blog/show/22473.html
This is a look at 2007 slanted medical cuts:
http://www.medicalnewstoday.com/articles/38989.php
Here's a nifty look at things:
http://www.federalbudget.com/