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Author: 1poorguy Big funky green star, 20000 posts Top Recommended Fools Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 462038  
Subject: Re: OT: Boehner's gambit, and how to answer Date: 12/13/2012 4:26 PM
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I agree. Whack the ball back into Bonehead's court. Let him reveal the true agenda of the far right.

The more I think about it the more I come to the conclusion that spending cuts (with a few targeted exceptions) are a horrible idea.

The USofA is not Luxembourg. Or Monaco. We're a HUGE country with over 300M people in it. That requires a sizable government to govern, and to maintain infrastructure. And that requires money. A lot of money. And the more services and protections we expect, the more it costs. We have to pay for what we get (either now, or later - it will cost more later!).

I don't pretend to have a clue how much it takes to run a nation of this size and complexity. But I contend that our present rate of taxation is too low to do the job in a fiscally sound way (i.e. without running a large deficit). Even if we did cut back defense, and improved inefficiencies in other programs, I don't think the government of such a large country can function on the revenues this country brings in.

Not that I want to pay more in taxes. I don't. But we all need to.

1poorguy (ready for some cliff-diving...and realizing that most of the spending cuts will be reversed later anyway)
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