New York to Tax the Rich

[sirs]

Close....you're missing another, albeit larger word.....JUSTIFICATION, for why they must be raised, during a recession, if its indeed what the Fed wants to do

Still waiting for that one, which not so surprisingly, everyone seems to be pleading the 5th, on

But by all means, lets keep talking about what's easy vs what's right

[BT]

So no dollar figure on your 5% plan?

If your reach the budget deficit amount then certainly there would be no justification for raising taxes.

And as you boasted you are not one to take the easy way out. So show us the hard way.

[sirs]

So no dollar figure on your 5% plan?

Add up all the money spent, in every dept, and take 5% off of that.  It's up to each dept head to figure out where exactly to make their cuts.  There's your start, then continue with the Ryan plan

[BT]

So you have no figures? How do you know 5% is enough? And are there depts that don't get cuts?

[sirs]

Ooo, lemme see if I can try a BT tactic:

In case you missed it the 1st time

I never claimed "it was enough"  I made it crystal clear that it was a start.

And no, not 1 dept gets a pass, but to try and play that all the cuts can be made now to balance the budget is a ludicrous strawman tactic, since it took a few years to drag us down into this debt abyss.  Until the economy starts to reasonably grow again, we're just going to have to settle with a decreasing level of debt each year

And hint, RAISING taxes on everyone, isn't going to grow the economy.  Republicans and Democrats alike have been touting that for many an administration

[BT]

Some folks, like myself want to do what's right, however too many want to talk & simply do what's easy 

So where are the numbers that show you are doing right?

or is that just easy rhetoric?

[sirs]

5% across the board to start with isn't doing what's right??   wow     

[BT]

How would a 5% decrease in government spending affect the economy?

[sirs]

It will start giving consumers and businesses confidence that the government is starting to get their act together, to be fiscally responsible.  That confidence will go along ways in starting to establish some much needed certainty, that is currently sorely missing in today's economical climate. 

[BT]

It will start giving consumers and businesses confidence that the government is starting to get their act together, to be fiscally responsible.  That confidence will go along ways in starting to establish some much needed certainty, that is currently sorely missing in today's economical climate.

That sounds like boilerplate talking points. Where does govt spending go when they spend it?
Does it buy goods and services? Does it fund R&D, does it pay salaries? How would that impact the economy?

[sirs]

It pays the Government beast, is where it goes.  Level after endless level of bureacracy and government employees, that are both paid and pensions provided for by our tax dollars.  You highlighed the Dept of Education, yourself, so i have no idea why you're basically arguing with yourself.  Government makes nothing, it produces nothing but more Government workers & regulations.  It is precisely those ever growing salaries, pensions, and increasing levels of taxes and regulations that blankets businesses with uncertainty and stagnating the economy.

And your answer is more of it??  I guess that would be easier, but it sure as hell isn't the right thing to do

[BT]

No reason to get defensive.
So these payroll checks to federal emplyess, are they spent on local  goods and services in the locales in which these employees reside, benefitting those local businesses that provides those goods and services? Do federal employees eat food, consume energy, buy clothing and shelter?  Will that have an impact on the economy if they are spending 5% less?

[sirs]

So your answer is more if it, SOP, move along.  Yea, I got that the 1st time.  Yea, much easier.  Here's a hint, a 5% cost cutting across the board is obviously going to change the habits of those Federal employees no longer working for the Fed.  It generally means what it means to the rest of us who lost far more jobs in the private sector.  You find work elsewhere, and budget better until then

[BT]

So your answer is more if it, SOP, move along.  Yea, I got that the 1st time.  Yea, much easier.  Here's a hint, a 5% cost cutting across the board is obviously going to change the habits of those Federal employees no longer working for the Fed.  It generally means what it means to the rest of us who lost far more jobs in the private sector.  You find work elsewhere, and budget better until then

It would behoove you to examine your own answers rather than projecting what my answers might be?

So the loss of those jobs will have zero effect on whatever locales these employees reside? Is that your position?

[Plane]

Umm so how does cutting govt spending raise govt revenue.

    I don't think it would directly.

    The direct effect of reduction in spending would be a reduced need for revenue, which is the opposite side of the lever.

      The reduction of taxation, which might then be more affordable ,would have the direct effect  of reducing the load that the productive economy must carry.

      An economy that is carrying less government can carry more privite persons.