Orangecat
Diamond Member
- Jun 22, 2020
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I generally agree.Not sure if you studied the Budget numbers, but its not good.
We can't cut taxes. That loses revenue. The old "bait and switch" of "cutting taxes pays for itself is bullshit.
The only reason revenue went up was because they borrowed more to juice the economy.
My recommendations to get a surplus and start paying down the debt are:
1. Send Welfare back to the States. Let them put the idle to work.
2. Remove the cap on SS.
3. End the capital gains tax break
4. End the Dept of Education, total state responsibility
5. Hire a new Grace Commission to list all of the government items we can cut.
6. Add a new Financial Transaction tax on all financial transactions
7. Add a new Remittance tax on money sent out of the US (Mexico pays for the wall and ICE and CBP)
Except we can cut taxes.
We just need to cut spending to a much greater degree than anyone on the government dole/payroll would like.