Spending cuts or higher taxes?

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  1. KK Trainor profile image59
    KK Trainorposted 7 years ago

    Spending cuts or higher taxes?

    Would you prefer that our Congress raise income taxes or cut medicare and social security benefits to cover spending? Today's talks centered on higher income taxes on the Democrat side, or cuts to benefits for future recipients of social security and medicare, as well as raising the age requirement on the Republican side. Which would you prefer your congressman vote for?

  2. lddant profile image60
    lddantposted 7 years ago

    I don't believe a tax increase on the few and wealthy Americans will cover our deficit nor do I believe deep spending cuts on entitlement programs would result in an overall positive outcome for America (although I must admit, there is alot of abuse of the entitlement programs).   I believe the system is broken, out of balance and (dare I say it), bottoming-out may be the best solution yet.  That way, we can start over from scratch and maybe create something equitable.

  3. brages07 profile image60
    brages07posted 7 years ago

    My preference would be for higher taxes coupled with cutting spending on outdated technology in the defense budget (tanks, battle ships, etc)  as well as closing military bases overseas and ending the drug war in favor of legalization, taxation and regulation.

  4. profile image0
    Old Empresarioposted 7 years ago

    I'll choose option C, which is that this is a trick question. Social Security is not part of the federal income. Social Security is deducted from your paycheck and is supposed to be used for the social security trust fund. Income tax is deducted from your paycheck and is spent on the budget: government programs, aircraft, ships, weapons, and warfare. The latter is so expensive that we go further into debt every year because the government doesn't raise enough in income tax. The media lies and includes social security as government income and as government expenditures when it makes its budgetary reports. This is done to create a false buffer that hides that fact that 90% of the federal budget (including deficit) goes either directly or indirectly toward defense. Include the social security trust fund in your fugures and it will look like social security gets the majority of the federal budget.

 
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