raising federal taxes will be inevitable n be the most responsible thing to do
Debate Rounds (3)
the things that make up by far most of the budget are too hard to cut, and we shouldn't be cutting them too much anyway. social security, medicare, interest on the debt, defense, all make up over ninety percent of our budget. even if you wiped out the rest of the government, which would be the height off irresponsibility, you still couldn't even balance the budget, which is five hundred billion dollars. the budget is four trillion, simple math proves my point.
if you were to cut into defense majorly and cut the rest by say ten percent, you might be able to balance the budget. but within the next ten years the deficit will double, and there wouldn't be enough places to cut.
tax increases are inevitable and will be the most responsible thing to do.
It is not responsible, responsibility would be not getting into debt and not spending excess money.
Here's how to lower spending and even lower taxes- Fully Privatize social security and health care, and make massive cuts to military spending, and cut unnessecary programs, and lower spending on nessecary ones. Then we can pay off our debt and have a balanced budget without raising taxes, wasn't very hard was it?
it's easy to say cut unnecessary spending. it's another thing to show it in the numbers. the fact that you haven't shown any numbers makes me think you dont know much about the budget or spending.
You want numbers, fine, my numbers will be so good your numbers will start a new religion that worships my numbers-
Americas current debt-19 trillion by the end of 2016
Social Security, Medicare, Medicaid, and Obamacare(all things we can privatize)are responsible for 83% of the projected increase in spending over the next decade.
26.3 trillion-expected debt in 2026
Budget Deficit-In the trillions by at least 2022
And you think we can just raise taxes and the government can get 1 trillion dollars in taxes, no they can't.
Because there are only 1.46trillion US dollars in existence( including bills that aren't $1, coins, and non physical money)
So if you just raised taxes to pay for your excessive spending no one would have any money after less than two years.
We need to cut spending and work on not having more money in debt than money that exists,
You didn't source your numbers I did-
also, your number for how much we have in money at best is how much paper money is in circulation. stock companies have tens of trillions in people's wealth. the top one percent pays almost a trillion a year in taxes. the budget itself is four trillion an that is taking only a fraction of people's money in taxes. the point is there's plenty of money out there. in fact, after WWII the top rates in taxes were much higher than we have niow. that's because they understood that when you spend money, you have to pay for it somehow. and if you can't cut spending you have to increase taxes.
so basically you gave an idea that didn't make sense, and numbers that dont add up or reconcile with reality.
-I don care about after WW2, the government should tax no more that 25% on anyone beacuse anything above that is ridiculous
-ONLY A FRACTION OF THERE INCOME-varying from state to state the top 1% pay around $4 out of every $10 you and other "pay their fare share so we can get free stuff" people think the government is entitled to over half of some peoples earnings, which is absurd.
-I gave you an idea that made perfect sense, one number that is incorrect, a bunch of othe correct numbers that fully reconcile with reality
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