America must restore fiscal sanity

[fantase56]

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: The Hill

snip

"Now that Joe Biden is set to be the next president, time for the country to focus on the future. It looks like Republicans will control the Senate after the two Georgia runoffs in January, and the Democrats will control the House by a smaller margin. These close election outcomes demonstrate that the country is divided and there is no mandate for action based on the agenda of either party. It also means that any major legislation will need bipartisan support and difficult decisions could take special mechanisms."

snip

"Putting our finances in order means difficult choices on revenue, spending, investments, and reforms to programs such as Medicare and Social Security. Such comprehensive reforms are highly unlikely to occur in the normal legislative process. As a result, the president should use the bully pulpit to create a new Fiscal Sustainability Commission, and the bipartisan House Problem Solvers Caucus should support this effort."



Read more: https://thehill.com/opinion/finance/527978-america-must-restore-fiscal-sanity

---

Guess now that Democrats are in charge it's time for Republicans to scream "fiscal responsibility"

[Autumn]

1. Fuck that. The wealthy and corporations can return their fucking bail outs and tax breaks.

That the only fiscal sanity I will support. Fuck that.

[myohmy2]

31. +1

...

[maxsolomon]

2. BY DAVID WALKER, OPINION CONTRIBUTOR -- 11/30/20 01:00 PM EST

Last edited Mon Nov 30, 2020, 05:37 PM - Edit history (1)

THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL

Not LBN. Please Self-Delete.

[pfitz59]

24. Right. This should be in Op/Ed

Not LBN

[42bambi]

3. Restore fiscal sanity - I guess I missed this same message from the Hill when

President Elect Trump was about to be sworn in. Not.

[SaveOurDemocracy]

4. So much brazen bullshit.

[scipan]

5. David Walker was CEO of the Peterson Foundation

2008-2010. Need I say more?

[LudwigPastorius]

6. I'm all for "fiscal responsibility"...

as long as it doesn't come out of Social Security, Medicare, and other social services.

If Republicans are so worried about the deficit now, they can make up the difference with a 90% marginal tax rate and a slash of the Pentagon's budget.

[ProfessorGAC]

16. Step One: Enhance Revenues!

Why do these folks always equate fiscal sanity with spending cuts first?
Leave services be, work on increasing revenues, then see what happens.
But in their definition, fiscal sanity must include hurting someone vulnerable.

[William Seger]

28. Because the thought of thier money going to someone else drives them nuts

Their "solution" is simply based on what problem they're trying to solve.

[SWBTATTReg]

7. Throw this back in their damn faces (republicans)...they're the ones that need to hear this damn

msg.

[mahina]

8. Right on time

Like clockwork

[Grins]

12. MARK THE DATE: 06 Nov 2020

The date the first Republican, Lindsey Graham, said the debt was the GOP’s new priority.

Just days after it became apparent a Democrat would occupy the White House.

(Cruz admitted the same in October.)

[stillcool]

9. I think a full audit/investigation is required...

see where all the money's gone over the last 4 years. How's that for fiscal responsibility Republicans?

[niyad]

10. How about the f'n defense budget? Tax cuts for billionaires and corporations? Tax loopholes? No,

with you f'n bastards, it is ALWAYS Medicare and Social Security.

[turbinetree]

11. The Hill....................enough said RW rag, where were they in 2017 when the tax cuts was passed

Do they know what has been happening to this country under 40+ years of fucking "AUSTERITY" being shoved down the collective throats of the taxpayers by corporate BS...........I know and read some fucking corporations have paid not One fucking dime in taxes................is that "fiscal responsibilities".................... The Hill, please tell us that was "fiscal responsibilities" or how about banks just plain screwing people over in 2008, oh I don't know to the tune of 800 billion dollars and guess who bailed them out.....The Hill................

[Midnightwalk]

13. Yes! Let's restore sanity

?itok=DprqDXhp]

At the same time tax rates on the top 1%, let alone the top 0.1% have been slashed.

Restoring fiscal sanity obviously means the wealthiest should be paying a lot more.

[hibbing]

14. So predictable

Everything about that putrid party is so predictable. Deficit and debt will be the major contributions to our political discourse for the next four years with the corporate media driving the agenda.


Peace

[Cryptoad]

15. There will be fiscal sanity until

gubermint quits socializing US Businesses and corporations!

[sandensea]

17. And that day is unlikely to come, until SERIOUS campaign finance reform is enacted

As long as we have slush funds like SuperPacs and "victory funds" - which can be used for personal expenses with no reporting required (i.e. Latin America-style bribes) - nothing will change.

Which is just how Big Bidness likes it.

[Cryptoad]

18. I have a sickenig feeling that,,,,

this pandemic next year is going to kick our asses off the edge into the abyss. and who knows what will come out the other side. I bet it will not look like anything economically and politically that we now have.

[sandensea]

20. God help us all.

I try to stay optimistic (which has been easier since the election) - but I hear you.

Anything could happen.

[mitch96]

19. Wait, What? fiscal responsibility?? isn't that what the repukes scream about and the

Dem's fix? Like many have said we have a shit pot of money sitting right there with that bullshit 1%'er tax break. Corporate loop holes too.. fuck'em...
m

[brooklynite]

21. This is an opinion piece, not LBN.

[WA-03 Democrat]

22. Trim the military...give em what they want n/t

[paleotn]

30. Exactly. Easy way to cut defense spending....

Quit pushing weapon systems on them that they don't want. Just because it's built in so-and-so's district doesn't mean it's necessary or even wanted.

[KPN]

23. Yes it is time for fiscal responsibility! Eliminate the Trump

tax cuts, raise the income cap subject to SS tax, raise tax rates progressively on incomes higher than $x00,000,and institute a wealth tax. That should do it!

[DanieRains]

26. Tax Wealth Accumulation Not "Income"

Why should workers pay all the taxes because they have to claim all their income?

The Koch Brothers went from 20 billion to 80 billion and didn't pay squat in income taxes. Or Social Security. Or Medicare.

Our tax system is a joke.

[infullview]

25. Who the hell is David Walker?????

Seems like all this guy does is write articles about fiscal responsibility. Here's another one. Given that David Walker has no internet presence, and any search on this name returns information about a famous abolitionist, I'm guessing this isn't a real person. More likely written by a conservative think tank.

https://thehill.com/opinion/finance/450674-it-is-time-to-confront-fiscal-failure

[LiberalArkie]

27. Just need to go to old fashioned tax rates, I think 1963 or so

[paleotn]

29. Paying for what we want to do? Not a problem.

Roll back not only the Donnie tax cuts, but the Bush tax cuts. Go back to 1999 tax structure. There. Fixed.

[Omaha Steve]

32. After a review by forum hosts....LOCKING

This is an opinion piece.

Statement of Purpose
Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.