alan1
Gold Member
True, and now that is settled We the People in the sane moderate middle would appreciate it if the children from both extremes went out to play so that the adults can be allowed to get back to the process of governing by consensus and compromise.
"governing by consensus and compromise" is what got us into this mess,
Wanna rethink your "sane moderate" comment?
The current "mess" consists of too little income for the current level of spending. At the turn of the century tax revenues were reducing the deficit and on a path to bring down the national debt. That trend was reversed when "tax cuts" were given to the wealthy elite 1% on the bogus premise that they were "job creators" and would use the additional funds to actually "create jobs". Those additional "jobs" would result in greater tax revenues that would ultimately reduce the deficit and the debt.
However in the real world none of those jobs actually materialized. The wealthy elite 1% continued to enjoy their massive tax cuts while jobs that paid a living wage with benefits were offshored in a wholesale manner. This too resulted in greater tax savings for the wealthy elite 1%. This Ponzi scheme was not a matter of consensus and compromise. Instead it was pushed through congress while the GOP had control of both houses and the Whitehouse.
Genuine fiscal conservatives would hold the wealthy elite 1% accountable for the trillions of debt that has been racked up at taxpayer expense for failing to create the jobs. However the situation we currently see is that all attempts to recover those trillions are being stymied by the GOP.
The sane and moderate consensus solution is to find a way to reduce spending and increase revenues.
Should I assume that you are talking about the tax cuts from the Reagan administration or the Bush administration?
In either case, those tax cuts were given to every level of income, not just the 1% that you pretend. Since you either don't know that fact or refuse to acknowledge it will make it difficult for me to explain my point and difficult for you to understand it. I'll try nevertheless.
You are correct when you say "The current "mess" consists of too little income for the current level of spending." I think the point at which you and I diverge on are agreement to the possible solution. Yours being to tax the wealthy (a nebulous definition) and mine being to cut federal spending (also somewhat nebulous).
As a fiscal conservative, I find the outlandish spending of the federal government to be at fault, not the taxpayer (1%'er or not) that is paying taxes.
Millions of US citizens live within their available budget, thousands of US companies live within their budget, why can't the government?