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ProfessionalLeftist

(4,982 posts)

1. The film completely leaves out the other solution - RAISING REVENUE

Reply to stockholmer (Original post)

Fri Jan 6, 2012, 03:52 AM

Jan 2012

It concentrates solely on cuts as a solution, and certainly there needs to be cuts. The debate is always around what should be cut. Defense is my personal #1 item. Corporate loopholes and subsidies need to go bye-bye as well. Also, congressional and senate salaries and benefits need to be cut. Maybe even the President's too.

But....taxes - particularly on the wealthy and non-paying corporations ... need to go UP - or they need to start paying when they clearly haven't been paying taxes at all in some cases.

A one-sided solution won't work. We need cuts AND increased revenues. The debate is mostly over where they should come from.

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DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY IN 3 MINUTES [View all] stockholmer Jan 2012 OP

The film completely leaves out the other solution - RAISING REVENUE ProfessionalLeftist Jan 2012 #1

no, it did mention revenue-the banker asked the borrower to ask for 'a raise' ie. a tax increase stockholmer Jan 2012 #2

In Republican terms "politically uncomfortable" ProfessionalLeftist Jan 2012 #4

Good one walerosco Jan 2012 #3

If that guy could print his own money, then he could raise his debt limit. JDPriestly Jan 2012 #5