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He seems like it. Very smart and dedicated guy who loves both Maryland and Syracuse (like me, he did ugrad in gvpt at Md and his grad work at Syracuse).
That's helpful and convinces me there's no way that will happen. I think O'd sooner cave to House Reps on taxes than let that happen.
The difference is govt workers have no where to go. They are use to getting paid to do almost nothing all day and couldn't be fired.
lol. entire industries went away. small businesses "doing good work" lost their financing and went under. It is amazing to me what a bubble DC is (and the fed gravy train). banks went under. real estate developers went under. construction workers laid off by the millions.
nobody wants anyone to lose their jobs, but we are $17T in debt and the cuts are going to be somewhat painful. and yes, there is a TON of fat in the govt. When I worked at the EPA, the support staff literally did NOTHING all day. And when I say nothing, I mean if you asked them to fax (LOL at fax now) they would give you a dirty look and ignore you.
By the way to avoid this, step 1 would be for the president to actually put forth a plan for our fiscal future. It's so astonishing to me that the President of the United States has yet to offer a plan on the most important issue facing our country. And he didn't even offer one during the campaign. Democrats trash the Ryan plan and then don't offer an alternative. And before the libs go nuts, saying "the wealthy should pay a little bit more" is not a plan. Our problems run a tad deeper than that.
I do think he will offer one in the next few weeks. I'm skeptical it will have the cuts that we need, but hopefully he and Boehner can reach some sort of a large agreement. In the absence of a big deal, we might as well just let it all be cut as scheduled on January 1st.
Go away, KA!
You are doing yourself a great disservice by being this ignorant about basic economic concepts and fiscal realities.
Last I checked, the so called tax on the wealthy would roughly create enough money to run the Federal Government for about 1 week.
Entitlements must be dealt with. Every tax dollar we collect goes to entitlements currently. And we borrow the money for every other government program.
It'll be interesting to watch. Fiscal cliff would immediately place us in another recession. Neither party wants that.
I do think that Obama has a chance to get something moving here. He is no longer running for reelection, and has political capital. Frankly, he doesnt have to worry about pissing anyone off, except for the House. He almost had a (grand) deal with Boehner done once before. That's probably a good place to start.
But the reality of the situation is that we are a very selfish country. We're all in favor of taxing the other guy.
I'm in favor of letting all of the Bush tax cuts expire. I also think that spending should be cut at a 6-8 times whatever new monies that are raised. Under the "grand deal" the ratio proposed by Obama was 2.5 to 1.
As a business person, I'm fairly certain that I could solve our financial issues fairly quickly (well, get us pointed in the right direction anyway). But that involves sacrifice, and putting country in front of self interest. And we're awful at that.
I actually want people to lose their jobs, regardless if there is a huge debt or not the government needs to be run like a private industry business and I've dealt with many government employees that would surely get fired if they showed the same work ethic in private industry. I've worked my *ss off for years working way more than the average government employee and for that hard work I got an extended christmas vacation in 2008 when I got laid off, fortunately I was able to find employment shortly afterwards. My tax dollars should not be spent on employees who cannot work more than 40 hours per week and who only work half of that 40 hours to begin with.
This post was edited by Teraskins 17 months ago
The government workers need to know what it feels like to live everyday wondering if you will get laid off. Will this happen? I have my doubts.
Donald Marron at the Tax Policy Center...
Capital gains are scheduled to increase in 2013, whether the Bush tax cuts are extended or not. He points out that the Democratic health reform law also contains a little noticed tax hike on the investment income for wealthy Americans that will take effect on Jan. 1, adding 3.8 percent to the capital gains tax rate, which is currently 15 percent. Then, if the Bush tax cuts aren’t extended, the regular capital gains rate will rise to 20 percent, and another obscure provision will reduce the value of itemized deductions, adding 1.2 percent. The total effective rate on capital gains would then be 25 percent.
A 10% increase on capital gains levied on the "wealthy" in 1 year. Obama is going to learn a hard lesson that you can't tax your way out of our financial problems.
There is a cap gains in the health care law. can't wait to see what else pops up when this albatross takes flight.
He's looking at this idea from a different perspective. I don't have a ton of knowledge about the fiscal realities either, but I do understand that cuts have to be made. The "we went through it so now you must too" mentality is ignorant to me, if we're gonna go around insulting people while looking for revenge.
Detroit Hustles Harder
If you can, try to craft a more selfish post. I feel like you could do it.
Yes, everyone who disagrees with you is ignorant or uninformed. Good way to look at things. Thumbs up for you!
Eliminating wasteful spending is what is best for the country, a concept you do not understand. Sorry for bringing perspectives based on personal experiences into the conversation.
I already said that I understand that cuts need to be made, if you look at the first post I made in this thread. I once lost a good paying job too, and I wouldn't wish it on anybody else save Rangoon. I have an issue with the revenge factor coming from a certain salty group of posters.
I don't want revenge, my post specifically implies there are underperforming government employees that need to go. I don't want everyone to get laid off just because I did.
Yeah, this whole "we went through it, so should you" mentality is gross. I know the consensus sentiment about fed employees is very negative, and a lot of it is deserved- but they're not all entitled lazy idiots collecting a fat check. The stereotyping in here is ridiculous.
My whole fear of this process isn't even solely centered on the struggles of my agency, but on the fact that this just ISN'T going to work. Me ending up out of work is one thing... millions ending up out of work is another. The snowball effect it will have on the entire economy should be enough to strike fear in anyone- and we're less than 2 months away from this happening. It's not JUST going to effect the feds and the people like me who service them. This would eventually be felt by the entire nation and on a very personal level.
I've pretty much resigned myself to not giving a f*ck at the moment. Que sera, sera. But I still don't understand how some people are CHEERING for this.
not cheering for it, cheering for finally a hammer that might actually work. our debt is really unsustainable. I don't think it a crisis yet, but it could be. what if rates rise 2-3%? once the debt is at a certain percentage of GDP you are basically cooked.
we don't need to get all Rand Paul on the debt, we just need it to grow slower than GDP.
This sounds familiar, coming from the other side though.
In the name of 'tolerance'....
You are one of those 'tolerant' and 'progressive' liberals, aren't you?
This is soooooo true and is why I think changing the way government does business would go much further than outright cuts.
OMB is modernizing and cutting out the fat in the regs that impact the way the government handles recipients of Federal funds (admin requirements, audits, etc.)...I'm a bit of a skeptic on whether or not that will have any impact on actual cost, but they're giving it a go. Either way, they made a ton of progress addressing waste, and I assumed it would all be lost once Romney took over and a new administration started trying to leave their mark. W/ a reelection, it looks like these items will actually be addressed.
Im ready for aa 5th of vodica to end my feels.
You will definitely be the first to go if this drops. The government slime will protect themselves to the bitter end. I have friends milking high paying meaningless government jobs into to their late 60s. It's a complete Fing joke.
This post was edited by sabreterp 17 months ago
Two wrongs don't make right, bucko.
One of the smartest people I know clerked for Justice Thomas, and is more conservative than everyone here. I would never call him an idiot because I don't agree with his politics. Stupid is stupid. People can disagree on the merits of massive cuts to government spending without being uninformed.
Sequestration is like doing surgery with a battle ax instead of a scalpel. There is no question in most people's minds that government has grown to big, spends too much money and that government employees are not viewed as giving an honest day's work for an honest day's pay.
If we wish to reduce the nation's debt, we need to reduce the size of the organs of government as well as the number of people employed by them. That idea is text book simple. Government is supposed to be the employer of last resort, and we have way too many people employed by and for our government at the Federal, State and Local levels these days. Couple that with entitlements and there is no way to fund it without reform be it tax reform or some mechanism to reduce government spending, but sequestration is not the answer IMHO.
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