New President Won't Have an Easy Time Paying for New Initiatives, Fiscal Experts Say

No shit, Bush and Co. really stunk up the joint. Taxes will have to be raised and belts will have to be tightened. Hopefully there will be fiscal discipline. I do love McCain's fuzzy plan though...continue the war, cut taxes, cut 100 billion dollars in pork even though 18 billion is spent on pork, and of course rely on American ingenuity to solve our problems.
I'd say it would be easy to find 100 billion in pork and they could double that figure. How much pork spending is added each year and how many of them are on going year after year?

Wow. What an intellectual argument. :D

and pretty one-sided. both candidates want to spend spend spend, but neither one has a viable plan as to how they plan on paying for it.

fixing medicare and social security, since they consume an ever growing piece of tax revenues, should probably be the first target. no one wants to hear that though.

maybe just make them like FEGLI (gov life insurance), where you don't have to use it, and it's retardedly expensive, but it's charges enough to pay for itself.

I'd say it would be easy to find 100 billion in pork and they could double that figure. How much pork spending is added each year and how many of them are on going year after year?

i highly doubt there's 100billion in pork, and it doesn't grow like federal budgets either.

no one likes the idea of building bridges to nowhere for a tiny village worth of people (which, last i heard, got thoroughly shot down), but the truth is that congress loses more money through accountability lapse in big budget contracts (aircraft, cost+ deals, etc) than they lose in pork.

and pretty one-sided. both candidates want to spend spend spend, but neither one has a viable plan as to how they plan on paying for it.

fixing medicare and social security, since they consume an ever growing piece of tax revenues, should probably be the first target. no one wants to hear that though.

maybe just make them like FEGLI (gov life insurance), where you don't have to use it, and it's retardedly expensive, but it's charges enough to pay for itself.

If financial planners (or other in the same line of work) did with customers money what the gov. has done with SS they would be in jail. SS should have plenty of funds but they have been robbed over the years and now is in trouble. This is something tha both parties have done so its not an issue who has caused the problem.

Wow. What an intellectual argument. :D

Thank you.

and pretty one-sided. both candidates want to spend spend spend, but neither one has a viable plan as to how they plan on paying for it.

fixing medicare and social security, since they consume an ever growing piece of tax revenues, should probably be the first target. no one wants to hear that though.

maybe just make them like FEGLI (gov life insurance), where you don't have to use it, and it's retardedly expensive, but it's charges enough to pay for itself.

What's McCain's plan?

p.s. I don't claim to be a McCain fan and I in fact despise his policies and everything the republican party of today stands for. I am not impartial with respect to McCain but when I post something about him I post the truth. You are more than welcome to defend him if you feel I'm being disingenuous or inaccurate in any way.

On SS he wants to make a % available for people to set up private accounts if they choose to. He also thinks that we may have to increase the salery cap for SS. Right now we pay SS tax on income of $102,000 (that may be off by a little) and any income over that is not subject to the SS tax.

What's McCain's plan?

p.s. I don't claim to be a McCain fan and I in fact despise his policies and everything the republican party of today stands for. I am not impartial with respect to McCain but when I post something about him I post the truth. You are more than welcome to defend him if you feel I'm being disingenuous or inaccurate in any way.

the only thing i think is disingenuous is how you bash mccain relentlessly and totally omit any mention that obama is no better on the issue of how the f do we pay for things.

i mean, you're right that he plans to spend more than we have, but you mention him by name an awful lot and don't say a word about how obama has exactly the same plan (spending on lots of trinkets, like homeowner bailouts, universal health insurance, tax cuts, and no way to pay for it).

i really don't have a strong personal attachment to either, since they both seem to be pandering and promising things they most likely can't deliver.

the only thing i think is disingenuous is how you bash mccain relentlessly and totally omit any mention that obama is no better on the issue of how the f do we pay for things.

i mean, you're right that he plans to spend more than we have, but you mention him by name an awful lot and don't say a word about how obama has exactly the same plan (spending on lots of trinkets, like homeowner bailouts, universal health insurance, tax cuts, and no way to pay for it).

i really don't have a strong personal attachment to either, since they both seem to be pandering and promising things they most likely can't deliver.
Well to be fair Obama did say he wants to cut taxes so people making $50,000 or less a year would pay no federal income tax. He plans on doing this by increasing taxes on people making $250,000 or more and doing away the Bush tax cut for the rich.

Well to be fair Obama did say he wants to cut taxes so people making $50,000 or less a year would pay no federal income tax. He plans on doing this by increasing taxes on people making $250,000 or more and doing away the Bush tax cut for the rich.

Now that I think about it he plans to pay for everything by taxing the rich. I'm sure they don't mind paying for everything and sending Uncle Sam 50% of their pay check.