Cutting the budget deficit by saying, “Me first!”

Nearly three-quarters of the U.S. Senate voted Thursday to end a reviled subsidy for ethanol producers, saving an estimated $6 billion a year, and it was tempting to think: Whew, maybe this whole budget-balancing thing is getting somewhere.

Then a look at the roll call revealed this: Among those voting “no” were all 18 senators from the nine states producing 80 percent of U.S.-grown corn. Ten Republicans, eight Democrats. A bipartisan reminder that some things never change.

Three of the nays came from members of the “Gang of Six” supposedly working to cut our persistent budget deficits by a reported $4.7 trillion during the next decade. One nay was cast by Georgia’s Saxby Chambliss — who, a spokeswoman said, preferred letting the subsidy expire at year’s end so as not to disrupt farmers’ budgets for the year. That might be defensible if the largesse in question weren’t so indefensible.

Thursday’s nays point to America’s broader problem: The discussion of deficits tends to include only what we want other people to give up.

From the left, almost all the talk is about taxing the rich, socking it to those greedy corporations and making the military bear the brunt of the cuts — while expanding social-welfare programs and refusing to examine the burden of current and potential regulations.

From the right, it’s more or less the opposite.

Look, I get it. It doesn’t take much arm-twisting for me to admit that I broadly agree with the view from the right.

I believe the federal government is running historically high deficits mostly because its spending is historically high. And I don’t think raising taxes on “the rich” — whom the left defines erroneously, and who already pay the majority of individual taxes in this country — would be particularly helpful, from an economic or a revenue standpoint.

That said, let me make an observation that should be obvious: We didn’t amass a $14 trillion national debt without everyone getting something.

There is nothing noble about offering paeans to sacrifice by others. Nor is it getting us very far. So, let me make a suggestion: Those who want to contribute to the deficit debate should begin by naming what they’re willing to give up.

I mean at least three things, at least one of which comes from the budget’s biggest pots of money (entitlements and defense), and at least two of which are in the here and now — as opposed to something anticipated in the future.

Tomato farmers who’d ditch ethanol subsidies don’t count. Nor do wealthy Americans who say “tax me more!” while their accountants exploit loopholes to keep their taxes low.

My personal examples:

  • A significant reduction or gradual phasing out of the mortgage-interest deduction (with the caveat that sharp, sudden action could wreck the important, and still soft, housing market).
  • A significant reduction in what we spend to defend the mature democracies and major economies in Europe, as I’ve already described at greater length.
  • The Social Security income guaranteed to me, provided I can divert some of my future payroll taxes to a personal account (with the rest going toward a basic safety net for poor seniors).

Am I hopelessly naive to think Americans can apply “me first” to what they give up rather than what they receive? I hope not. Because, if I am, I don’t like our chances.

– By Kyle Wingfield

Find me on Facebook or follow me on Twitter

111 comments Add your comment

I Report (-: You Whine )-: Thee Magnificent!!! mmm, mmmm, mmmmm! Just sayin...

June 17th, 2011
7:13 pm

I’m more than willing to give our current “president” back to the Marxist klown show from whence he came and see what that does for the economy.

You could keep your mortgage deduction and then some…

Paul S

June 17th, 2011
7:13 pm

Kyle – I don’t agree with you on a ton of stuff, but I agree with your points. Heck, I wouldn’t even mind having my taxes raised if we could could come up with a formula of 75% – 80% spending cuts vs. 20% – 25% tax hikes. On Social Security I like your idea on personal accounts – but I wonder if too many people will screw that up and end up losing their shirts. I worry about future bailouts down the line….

tar and feathers party

June 17th, 2011
8:47 pm

I am willing to give up the public schools, K through 12, and all government subsidized or guaranteed loans for education.

Cutty

June 17th, 2011
9:10 pm

With taxes at their lowest point in my lifetime, I don’t believe that the government has solely a spending problem. I also don’t believe that businesses and corporations operate on certainties. With that said, I’d give up my mortgage-interest deduction when Michelle Bachmann gives up her family’s farm subsidy.

sled

June 17th, 2011
10:48 pm

gw ruined this country, obama will save us- if the haters don’t get the power back and f’ the poor 4 profit

yuzeyurbrane

June 17th, 2011
11:21 pm

There is no crisis with Social Security. It has not contributed one penny to the deficit and even under the most conservative scenario will be self-sustaining at 100% thru 2036 and 75% after that. Minor adjustments will keep the system solvent another 76 years. Your suggestion would change the program from a social contract to a welfare program and would actually accelerate its insolvency by skimming off revenues now. As to Medicare, I think you are intelligent enough to know that it also has not contributed one penny to the current deficit. It, too, has a trust fund, which, although it is in more difficult straits than Soc. Sec. (10 yrs. solvency left), still can retain all of its current benefits through cost savings and increasing the base amt. taxed. Even then it would be a bargain. You are too young to remember that health insurance for seniors was virtually non-existent under the free enterprise model in existence back then because old folks get sick more often than you young folks and private insurance could not make a profit in that market. Medicare was created, knowing that it would never turn a profit. In fact, Medicare has been both fiscally and physically beneficial to Seniors and is considered by many studies to have been the major cause in lifting so many Seniors out of poverty. So you have to ask whether you want healthy seniors or healthy insurance companies? Again, this is a matter of social contract and should not be turned into a welfare program.

Atlanta 1

June 17th, 2011
11:30 pm

First, BOTH PARTIES are responsible for this mess. And BOTH parties must fix it. Our previous President made plenty of mistakes. Guess what; so has this President. Both sides finger prints are all over this. Both are ‘bought and paid for’. Both sides have not have the courage to make the right decisions for the country; always ’selling out’ the country in the name of power and money. For every example one side can give of damage caused by one party – the other side can counter with their own example

As far as answering the intial question:

First, go to a consumption tax. The fair tax is the best example; but if people have a problem with the fair tax, pick some other form of a flat consumption tax. Then and only then can we waive the mortgage interest deduction. This will take a massive bite out of ‘K’ Street and when people see ‘everyday’ money coming out of their pocket in taxes, they will be much more vocal and vigilant of how their representatives spend ‘our’ money.

Second – pure and simple; cuts across the board. Defense, spending to prop up other countries and across the board cuts with domestic programs.

Third – vote people in who start with the question “can we afford it”?

It’s a mindset. We all have to pull together and recognize that we can NO LONGER AFFORD TO CONTINUE DOWN THIS PATH!

Lil' Barry Bailout

June 17th, 2011
11:49 pm

yuzeyurbrane: There is no crisis with Social Security. It has not contributed one penny to the deficit and even under the most conservative scenario will be self-sustaining at 100% thru 2036
——————

It might have been, had Bill Clinton and Barack Obama (and several other presidents) not spent the Social Security trust fund. That money is gone, and so Social Security payments have to come from SS taxes, which are less than what is being paid out in benefits, and cash from the general budget.

SS is not self sustaining today, much less in 2036.

Get Real

June 18th, 2011
12:03 am

sled….get back on your meds

that's goofy

June 18th, 2011
12:54 am

cut spending and close tax loop holes. A US company sending jobs overseas should not receive any tax breaks.

that's goofy

June 18th, 2011
12:56 am

I also am consistently amazed at the skipping of Presidents. It is because Carter, Clinton and Obama did whatever. Or it is because Reagan, Bush and Bush did something. I’m pretty sure all of those guys were President and all contributed in some way to the mess we have.

Neal

June 18th, 2011
12:56 am

Well, I don’t think the answer is to pretend taxpayers have not run-up a huge debt, just keep giving out tax cuts, and the final act of total irresponsibility, essentially granting amnesty for the taxpayer’s debt to the country by abolishing his or her estate taxes. What audacity! To acknowledge people (seniors) are getting more out of the system, than they paid in, or are paying in, and then say that generation gets a free pass when it comes to settling their final obligations is to rob the youth of this country is just dead wrong (please excuse the bad pun). Shame on elected officials who tried to pull that off this week (hitched to the ethanol vote).

Lil' Barry Bailout

June 18th, 2011
7:01 am

Obama Won’t Say It, But Americans Are Corrupted

Our economy is choking on over $14 trillion of debt brought on by millions of middle-class Americans “not asking for much,” just their Medicare, Social Security and unemployment checks.

But the president, now seeking re-election, still can’t bring himself to level with his citizenry.

http://blogs.wsj.com/deals/2011/06/17/mean-street-obama-wont-say-it-but-americans-are-corrupted/
———————-

Obozo: A failure of leadership and a coward.

independent thinker

June 18th, 2011
7:11 am

Excellent editorial- why not just name the senator from Georgia who I assume cpted mo?.

godless heathen

June 18th, 2011
7:13 am

I will give up titanium tooth caps for Seal and Special Forces dogs that are done “to keep us safe”.

GW

June 18th, 2011
7:28 am

I’ll see your elimination of mortgage interest deduction, Kyle, and raise you an elimination of all deductions for charitable contributions. Also, I’m willing to give up the Bush tax cuts and even tack on an extra war tax to pay for Iraq, Afghanistan and other wars and it should be paid by everyone that is not carrying a gun in battle. I’m also willing to give all congressmen a voucher, in lieu of group healthcare coverage and deducted from their pay, that can only be redeemed by their purchase of free market health insurance that meets minimum coverage requirements. In fact, let’s get rid of group healthcare coverage for everyone and require that companies give their employees a tax-deductible (for the business) voucher that can only be used by the employee to purchase health insurance on the free market that meets certain minimum requirements.

Gordon

June 18th, 2011
7:46 am

I will give up:

1) More taxes if spending is significantly cut first, and the ratio is at least 3 to 1 spending cuts to taxes raised.

2) Cuts in defense.

3) Raise the age for Social Security to maybe 68 or 69. No means testing. If benefits are cut, they are cut for everyone.

4) I understand Medicare must be cut because that is where the big money is, but I don’t know exactly how. Private insurance must be more involved, and insurance must be more transportable.

the red herring

June 18th, 2011
8:21 am

i’ll give up more taxes if those not being taxed at all begin to be taxed and a large part of give away programs are done away with (earned income tax credit for one). i see nothing wrong with 10% cuts across the board in federal programs and certainly in number of federal employees/agencies. some should be eliminated totally. raise SS age gradually to 70 for today’s youngest, allow for some personal investment in SS, no means testing–the people over 50 that have already contributed should receive what they were promised. Cutting the SS tax doesn’t make sense when it’s already basically broke—but then not many of our current president’s policies on spending money and taxation do make sense.

metoo

June 18th, 2011
8:44 am

Tax cuts for the rich

brad

June 18th, 2011
8:55 am

Kudos, Kyle. I will give up….

1. any future social security benefits
2. the currently in place drop in the employee social security tax
3. Bush tax cuts

With that said, given human nature, nothing is going to change by choice in this country. Witness the dearth of posters willing to give up a penny.

jt

June 18th, 2011
8:55 am

1)…….I need no protection from Alcohol, Tobacco, nor Firearms..Get rid of the ATF. Might save many innocent lives.
.
2)…….I need no protection from Drugs, nor do I need them Enforced upon me. Get rid of the DEA. Might save many innocent lives.
.
3)…….I need no help on what foods or drugs that I consume.Get rid of the FDA. This agency is responsible for more American deaths than all wars and crimes combined.MANY innocent lives would be saved.

Save lives…………….save money.

sled

June 18th, 2011
8:55 am

I’d give up the bush tax cuts, medicare part d, and the never-ending war machine.

Morrus

June 18th, 2011
8:58 am

we’ve acquired too much stuff and like all addictions it is hard to let go and say no more. We think we’re “entitled” to whatever we WANT.

GW

June 18th, 2011
9:04 am

Poor Kyle thinks that a hedge fund manager that rakes in a billion dollars in one year pays too much in taxes at 17%. He probably thinks that the hedge fund manager also actually earned that billion dollars. I wonder how much that same hedge fund manager would have to pay someone like Chavez to insure his earnings. I’d be willing to bet that he’s getting off cheap. Kyle, why do you believe that the people that make the most money should not pay the most taxes. Do you not believe, for example, that they have the most to lose and should therefore pay the most in order to insure their way of life. Putting it bluntly for you, I did not lose anything in the WTC collapses so why should I be expected to pay the “insurance premiums” on the places and doesn’t that line of thought parallel yours on health insurance or medicare or medicaid or unemployment benefits, etc. I know, I know. How Ayn Randish of me. Then again, it is just a thought process. A rationalization. Like death panels or denial of help to those that lose everything in a natural disaster, right. But wait! We have not factored in the all-important Constitutional constraints. What doth the good book of the founding fathers say on such matters. And speaking of good books… nah! Not allowed for that would go against that separation requirement.

A Conservative Voice

June 18th, 2011
9:15 am

OK, I’ll give up the Mortgage Interest Deduction and the Deduction for Contributions, just leave the minimum standard deduction where it is. In return I would ask, that for the next five years starting at the beginning of the next fiscal year, we cut all foreign aid and assistance a minimum of ten percent a year. The amount of the cut each year is off the base year amount. The money saved could only be used to reduce our debt.

I would be willing to pay a small consumption tax, as long as it is across the board, i. e., everyone pays. This money would also be used to reduce our debt and for nothing else.

I am also willing to give up any and all COLA increases from SS for the rest of my life. And I would be glad to pay a higher medicare deductible.

In return for all this, all I ask is for our system of entitlements (welfare, food stamps, housing) be limited, except for those who are disabled, to five years total. After five years, no more welfare except in the event of disablement. Do away with the USDOE as this department is causing more problems than it is solving. JFK and LBJ’s “Great Society” is covering this country up and will bury us if we don’t reform the system.

Buzz G

June 18th, 2011
9:19 am

The Saxby Chambliss ethanol vote shows what I have known for a long time. Many Senators come home at election time and proclaim themselves to be conservatives and denounce the crazy spending going on in Washington. Then they get re-elected, go back to Washington and vote for even more crazy spending.

Georgia is a conservative state. We deserve conservative Senators. Neither Chambliss nor Isaacson are.

TruthBe

June 18th, 2011
9:24 am

I would give up Senate, Congress, Presidential benifits, paid trips and vacationsm (right Michele ) their large incomes, their buddies in the lobbing business, afirmative actions, public school systems ran by liberal racist, PROPERTY TAXES

MarkV

June 18th, 2011
9:41 am

Kyle, I agree with the general theme of what you have written, even if we would disagree in details. When we look for changed, we should start by examining who has benefited most in recent years and who has lost. Saying: “And I don’t think raising taxes on “the rich” — whom the left defines erroneously, and who already pay the majority of individual taxes in this country — would be particularly helpful, from an economic or a revenue standpoint,” is exactly avoiding the issue. It is immaterial that the rich already pay the majority of individual taxes in this country, when the data show that their after-tax incomes are skyrocketing, while the incomes of the middle class people are stagnant or even decreasing.

fair and imbalanced

June 18th, 2011
9:44 am

I would give up military weapons that cost billions of dollars and dont work, like the V22.

MarkV

June 18th, 2011
9:45 am

What is most idiotic is when in a discussion of nation’s deficit and debt some people start bringing up issues like Congress and Presidential benefits,v acation expenses of the First Lady. That will cure our financial ptoblems! Talk about envy.

GT

June 18th, 2011
10:14 am

We have never been such a selfish nation, kind of goes along with the fat thing. The problem we have with sacrifice is we see the general sitting down to a steak dinner as we lay in a hospital bed without legs. We hear a basketball player sound like a jerk in an interview and think maybe not acting like a jerk is why I am so poor. Lobbyist shining the shoes of our elected politician while we sit in the lobby unheard and unattended to. People calling into radio talk shows who have bought too much house, overcharged credit cards,or bought expensive cars but clueless that maybe they are the cause for this country’s problems and not Obama. One thing about the poor they don’t qualify for debt. The richer half throws some crumbs their way and then blames them for the whole mess. The rich claim they worked for their money. Follow a Wall Street guy around for a day and tell me who works for his or her money. Tell me at the end of the day who produces something this country cannot live without, the cop on the beat or the crop picker or Wall Street pushing paper on companies long ago funded by the paper. The reason we pay such high gas prices I might add. One of the few productive sectors of our economy is illegal immigrates. We may be doing these people a favor sending them back, before they get soft chasing the American dream like the rest of us.

JF McNamara

June 18th, 2011
10:29 am

I would give up on the War on Drugs and the War on Terror.

Use a quarter of the money spent on the war on drugs on rehab and prevention, and use the rest on the deficit. We would still enforce DUI’s, but we wouldn’t spend on prevention or housing inmates for petty crimes. Prohibition simply doesn’t work, but we already knew that…

As for the War on Terror, I’m not saying that we stop going after terrorist. I’m saying that we leave Iraq and Afghanistan and go to a covert/tactical mission. Iraq is pretty stable and Afghanistan is a lost cause. Lets just leave and let the civil war begin. The money already spent there is a sunk cost and we achieved our goal. We destroyed the terror camps and got Osama Bin Laden. Time to go.

jconservative

June 18th, 2011
10:31 am

Kyle, I completely support your list of three spending cuts. I trust you know that the mortgage interest thing is a tax increase. And I would add cutting domestic military bases to the defense cuts. And bring Medicare eligibility age in line with the Social Security eligibility age (there are trillions available here) and eliminating Bush’s Medicare Part D senior drug plan (there are trillions available here).

For me the “we” is the Medicare Part D.

But I trust all understand that we got here by a combination of “massive tax cuts paired with massive spending increases”. I see no way to get out of the “mess’ without a “pairing of spending cuts and tax increases”.

Anything else is wishful dreaming.

Carlosgvv

June 18th, 2011
10:58 am

“Am I hopelessly naive”?

If you believe politicians will honestly give up things that keep the money coming in from Big Business, you are beyong hopelessly naive. Money is elections and re-elections to them and that they will never give up. Our “chances” hit rock bottom long ago.

snafu

June 18th, 2011
11:04 am

Kyle, its funny how you say the rich are paying most of the taxes which is also a misnomer from your point. Millions of people are working and every week taxes are being taking out of their checks. So with the combined total the working people are paying equal to or more taxes.

As for what to cut..how about the Pentagon’s budget, closing bases around the world, giving aid to foreign countries..ALL OF THEM!, farm subsidies to those who don’t need it, Haliburton, revamping welfare.

I can’t cut any more of my spending I am down to the basics, rent, utilities, insurance, food. No cable, no phone, no car note. I am at the bare mins but yet we have people who can’t pay themselves because they are to selfish to take care of themselves. That new car , the house they could not afford, the latest and greatest electronic is more important than saving for their retirement.
The bottom line is most Americans are too arrogant and think others should provide for them. Its not just the poor with that mentality.

For the person who indicated public school need to be sacrificed..on the contrary, that is the very entity that needs to be reformed so that we don’t have all these uneducated people running around looking for handouts. We need to revamp the curriculum which is outdated. We cannot compete intellectually because we are teaching garbage subjects. How many English classes does on need from high school to college along with History and Language Arts. How else are we going to get people to understand finances if they are not taught?

GT

June 18th, 2011
11:08 am

Personal attitudes. We have no leadership. Newt Gingrich is a case study into what has happen to America. A leader by hot air not example. Suppose we all starting being a Newt, multiple wives, questionable business dealings, and a glutton, with a half million dollar charge at Tiffany’s. Rush Hudson Limbaugh III is not much different. The country looks like its leadership of the past 10 years. How these people can even speak the word morality or sacrifice is beyond me. I think we are scared to challenge these obvious destroyers of our American values. The press in particularly has let us down. Look at America in better times and you will see a more active press, not one that coward to popularity. Some of the richest people in our society are now the press. Money compromises.

snafu

June 18th, 2011
11:18 am

Some people are so out of touch with the politic game that they will blame one President while attempting to make people believe the rest saved our tails. Lil Barry Bailout.. could not miss the chance to blame Pres. Obama for this mess while completely ignoring past Presidents, GWB Sr, Carter, Reagan, GWB, Jr. Clinton. Just skip all those and bring it straight to Obama. This is the mentality that we have in this country the lack of education to understand how policies work and also understanding the financial dynamics of this country. They are quick to lay blame at the person they hate not because of policy but why?, because of skin color..Lil Barry never misses a moment. Otherwise, let’s we have to look at what got us here, two wars, a bailout that was on the previous administration that took affect in this administration, jobs being shipped overseas, etc. Education is needed badly in this country otherwise people will always go against their own interest in favor or big corporations.

tar and feathers party

June 18th, 2011
11:36 am

I am willing to give up all foreign aid, both economic and military. Time to cut Israel off, they have sucked over 1 Trillion dollars out of America over the last 40 years.

midtownguy

June 18th, 2011
11:41 am

I agree with you 100% Kyle. It reminds me of a statement a State Finance Director in another nearby souther state made “The problem with tax reform is that everyone thinks they are paying too much and it’s someone else who is paying too little.”

I am basically a social liberal and fiscal conservative. We can’t continue to expand entitlements so that most everyone qualifies for something paid for by someone else, on the other hand we can no longer afford to finance a military expansive enough to police the world.

snoqualmiefalls

June 18th, 2011
11:48 am

I’m willing to give up subsidizing any state that gets more tax money than they pay to the Feds.
It’s a very simple proposition, mainly applies to southern States, pay your fair share! You pay the Feds $1.00 you get the $1.00. It’s not you pay the Feds $.85 and you get back $1.00.
Pretty simple math folks.

WOODSTOCK MIKE

June 18th, 2011
11:49 am

Nice article Kyle, good to see the AJC has a journalist that doesn’t use the forum to simply bash people they don’t agree with…. (BOOKMAN AND TUCKER)

midtownguy

June 18th, 2011
12:10 pm

I agree snoqua, but let’s take it one step further. Let’s let metro Atlanta retain its own tax base and the rest of Georgia can fend for itself.

Chris Matthews

June 18th, 2011
12:14 pm

Cut out business expenses ( lunches, drink…all the other give me crap) plus close all military bases in Germany and Korea ! No military pensions until at least 30 years service and ban all government unions and cut those crazy benefits and pay!! No more welfare, food stamps and only 3 months for unemployment benefits!!!!

Lil' Barry Bailout

June 18th, 2011
12:28 pm

How about we let the CITY of Atlanta (not the whole metro area) retain its own tax base and the rest of Georgia can fend for itself.

The place would look like the set from “Escape from New York” within a year.

Rafe Hollister

June 18th, 2011
12:38 pm

Pull the military out of Europe and Japan, unless they want to pay us to keep them there, and if so, make sure we make a profit.

End the war on drugs, it costs us heavily and is totally ineffective.

Publicly fund elections. This is the greatest thing that we could do to insure financial responsibility. If politicans were not allowed to use “contributions” from all these lobbyist, then maybe the congressman could think straight and do the right thing occasionally, instead of always catering to the special interests, i.e. the corn lobby, Saxby.

When we fund public election campaigns only give them enough to travel around and speak. No Television or radio money. You can’t tell me that anyone with a IQ of 40 doesn’t know who he wants to vote for, Obama or the GOP candidate. Why do they need to spend a billion dollars to mislead a few numbnut “independents”, who have usually just vote for whomever is expected to win anyway.

Frugal Citizen

June 18th, 2011
1:35 pm

How about beginning with ditching ’smoke and mirrors’ methods of accounting, budgets, and spending by our gov’t? Claiming they ‘cut’ spending, when they really didn’t. If I spend $100/yr on manicures and opt not to spend $150 next year, that is not a cut in my budget.

I believe investigating privatizing many services can signif. reduce costs. Ex: Congress refused to permit privatizing TSA because of importance of nat’l security cannot be trusted to contractors. We use contractors to protect our own military…

Offer incentives to employees/citizens who are able to offer cost-cutting solutions. Much waste is hard to decipher from top-down. Promote program of whistle-blowers for fraud & waste – be it food stamps, medicare, etc. There was a recent story about GA’s WIC program and how many people fraudulently play the system. Employees were encouraged go overlook obvious fraud. Make it ‘worthwhile’ for people to snitch & make consequences for those who fraudulently receive & employees who consistently sign up fakers penalized.

Demand accountability from our own gov’t leaders. Lavish State Dinners, ‘informational fact-finding trips’ by Congress.. I read recently about Congressmen paying more than $1,000 to rent a car for a month. I know these things are a drop in the bucket, but I believe it sets a tone.

Tacking on pork, special projects, to bills – any sort of spending, should be eliminated. Re-evaluate foreign aid, UN, and foreign debts due. Why are we continuing to send foreign aid to countries that owe us money?

We need some sort of frugal citizen committee to review spending because Congress ain’t doing it. I am visualizing Clark Howard…

I know it’s a simplistic view, but making minor adjustments matter. I believe the mindset and entire spending ’system’ is so confusing & incredibly misleading. It makes it easy for spinning, dodging & tracking.

When I got laid off, cable tv/internet, eating out, entertainment were gone. I even used heat & a/c only when extreme. My charitable contributions changed from money to volunteering my time. I have always lived within my means. I paid cash for my car, graduated college w/o debt bc I worked my way through it. If I cannot pay cash for something, I don’t buy it until I can. I bought my home with plan to pay it off in 10yrs, which I did. Why can’t our government do that?

Jack

June 18th, 2011
2:00 pm

Do away with the EITC, raise SS retirement age to 70 and remove cap from wages subject to SS tax: That’ll fix the deficit.

killerj

June 18th, 2011
2:52 pm

???????????????? Only when “We The People” downsize an out of control,wasteful,illegal,pig headed government will I consider bowing to fly by night thief,s who rip the people off day in and day out,until then I will f–k them any way I can.Go Tea Party.

Old Fogie

June 18th, 2011
3:04 pm

I’m willing to give up all my tax cuts, have the tax code rewritten back to what it was under Reagan, increase the gas tax, and cut the mortgage deduction on any homes over one million dollars, cut every aircraft order for any airplanes that are fighters – not bombers (who’s aircraft are they gonna fight, North Korea?), get out of Iraq and Afghanistan – tell them if we have any more problems with them, we’ll turn their nation into a parking lot.

Oh, and any company that creates local jobs – as opposed to companies that say they’re going to add jobs and don’t, give them a tax break – any companies that ship jobs overseas has to have an additional tax applied equal to the savings they get by giving our nation’s jobs away.

Michael H. Smith

June 18th, 2011
3:07 pm

I’m willing to give up 90% of the entire federal government. Maybe then the federal government could physically and fiscally govern from within the confines of the actual “WRITTEN” Constitution.

There you go Kyle, our odds as a nation will improve by 90%, all from my small sacrifice. :lol: