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Found 5 results

  1. Anyone noticed how out-of-touch the Republican party is with logic? Examples: 1. Taxes ''We are very unhappy that liberals want to spend our tax money on other people's health care, retirement, maternity leave and developing poor countries. At the same time... we have no problem paying more tax to fill the revenues for billionaires avoiding them. We have no problem with our tax money spent on aid to Israel and oil-rich Saudi Arabia, bailouts for the coal industry, building the border wall and subsidies for fracking companies. Not to even mention Pruitt's vacation and Trump's golf!'' 2. Immigration and terrorism ''Terrorists are coming! Stop the evil Muslims! But keep on supporting Saudi Arabia financially and militarily so they can continue to bomb Yemen, forcing their natives to go and seek refuge in the USA'' 3. Right vs privilege ''It was Nicolas Cruz's right to have an AR-15 but medical attention for his victims is a privilege''
  2. The current system for controlling the public debt, the debt ceiling, is a proven failure. Each time the ceiling must be raised is further evidence of that failure. The problem is that Congress is unwilling to make the budget cuts necessary to generate a surplus. The Congress knows the benefits of limiting the public debt, and individual member often speak out about that fact, but when the time comes for action very few in Congress want to be responsible for denying constituents benefits or federal employment. This is not because the members of Congress are irrational, but rather it is because the people that they represent are disinterested in the issue. Most people don't care about the dangers of runaway debt because it seems to be a vague and unlikely concept to them. The people, on the other hand, can easily recognize and observe the effects of cutting people's benefits or firing government workers. Thus, the people see real consequences to spending cuts, and only a vague and mystical danger from runaway debt. This disinterest can be combatted with education by pointing out the consequences suffered by other nations whose economies have experienced credit problems, but education requires people to stop and listen, and the American people are busy working and living their lives as they should be. In order to get the people interested in controlling public debt, it needs to be made worth their while. Therefore, I propose that a new law be created to appeal to the rational self interest of the people by rewarding them for demanding that Congress generate a budget surplus. The new law would be: Each year on a specific date (late October or the first of November seems reasonable to get the decision in before election day) the public debt will be calculated and compared to the public debt of the previous year calculated on the same date. If the current years public debt amounts to 95% of the debt of the previous year, then it shall be announced that every person and corporation will only have to pay 90% of their federal taxes for that year. Thus when the taxes become due in the spring of the following year, people will pay less or will receive a significant refund of projected payments. Here's how it will work in the near term: The current national debt is about $14 trillion. In order to reduce that to 95% of its current value, it would need to be reduced by $700 billion. The current budget year's deficit is projected to be $440 billion. Thus, the budget would need $1.04 trillion in new revenue and/or decreased spending in order to reach the goal. The current years projected tax revenue is projected to be about $3.4 trillion. 10% of that is $340 billion. So if the budget goal is reached entirely by spending cuts (because raising taxes may not actually increase revenue), then the net surplus is $360 billion, and the debt is reduced. In the long term, if tax revenues remain constant then the equilibrium point for the national debt should settle at around $6.8 trillion when 5% of $6.8 trillion is equal to 10% of $3.4 trillion. However, this is not as simple a goal to reach or maintain as it seems. Each year, social security, medicare, and medicaid expenses that aren't yet funded are added to the budget, and these are all expected to rise significantly in the coming years. If tax revenues fall, the equilibrium point falls which makes sense because having less money coming in should correspond to holding less debt, and if tax revenues rise then the equilibrium rises which is also reasonable because having a greater income allows for the maintenance of a higher debt. In every case, the people and therefore their representatives will have a strong motivation to reduce the debt to the equilibrium point and maintain it there. Alternatively, if the spending cuts are too painful in the near term, then the triggering percent reduction in the debt can be started at between 2% and 2.5% to set the equilibrium point at around the current National Debt. This should effectively prevent further rises in debt, but would not reduce it. After a few years, the law can automatically and incrementally increase the triggering percent reduction in debt by 0.5% until it reaches 5%. I've started a petition for this proposal on the Whitehouse.gov site https://petitions.whitehouse.gov/petition/each-year-unfunded-national-debt-falls-5-give-all-persons-corporations-10-tax-break-following-year
  3. This articles looks at the myths around Ronald Reagan - all the things the modern Right glosses over, and which, unfortunately, a lot of Liberals and Progressives have come to accept as a standard narrative about The Gipper. This looks at all the things you thought you knew, and comes up with some pretty amazing implications for the current debates about taxes, economic patriotism and how we've got where we are. http://sheppardpost.com/why-the-left-needs-to-talk-about-reagan-2/
  4. This articles looks at the myths around Ronald Reagan - all the things the modern Right glosses over, and which, unfortunately, a lot of Liberals and Progressives have come to accept as a standard narrative about The Gipper. This looks at all the things you thought you knew, and comes up with some pretty amazing implications for the current debates about taxes, economic patriotism and how we've got where we are. http://sheppardpost....about-reagan-2/
  5. The old loophole that the healthcare industry has enjoyed for so long will be eliminated when the new healthcare law goes into effect. The good old days they have enjoyed will disappear when they will no longer be able to use the excuse that they treated the un insured or under insured and were unable to collect the money owed to them. They have been charging those people at 2, 3, or 4 times the amount that they have been charging people with insurance with the knowledge that they most likely will be unable to collect the money and can use it to write off as a loss against their income. This will no longer be the case if everyone is insured. This is why they are fighting the new healthcare law so hard. They all know they will be required to pay their full tax bill, unless they can find another cash cow to hide their true profits. The government will see a huge increase in tax receipts from the healthcare industry. Premiums will go down, because their profits can no longer be hidden as a result of writing off the losses they currently enjoy as a result of the poor being unable to pay the double and triple costs associated with their medical procedures. There is no telling how much money they have been ripping off as a result of this loophole that is closing fast on them. This is why they are fighting the new healthcare law so hard.
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