WebsterMark
Serious Thumper
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Then you're OK with them cutting Social Security, Medicare and Medicaid, even though the main reason for the shortfall was the tax cut?
The main reason for the shortfall is spending, not tax cuts.
No, that's not right. You say you're a salesman, then how can you say that when your clients stop paying you for a product that it's your fault because of your costs?
There is less revenue coming in - the bills are what they are.
Not a perfect analogy but then most analogys aren't. However, within that context, if I continually increase my expenses without adding a corresponding value to my product, I cannot continually increase prices and expect the same level of revenue. The government increases spending year after year, but since it doesn't 'sell' a product, it can only increase revenue by raising 'prices' aka taxes. "Customers", (US citizens) are objecting to the price increases so expenses have to be cut.
Social Security and Medicare are funded by payroll deductions, not "taxes". That's a tax.
You want to cut programs like entitlements to oil companies? Fine. You want to cut the military budget to a realistic number? Fine.
Anything's on the table, but the reality is the majority of the spending is on mandatory items like SS, Medicare etc...
Here's a point to consider. I'll be careful here because I don't want to say too much what I do because I would be easy to find, but if I break down into the various cost components of what my product has an impact on, energy cost is 70%. Four other components make up the remaining 30%. If an end user wants to address their overall cost concerns, they’ve got a choice of five components to look at. You could spend an enormous amount of time and money addressing each of the four and perhaps lower them by 5% each. Or you could lower 70% of your total cost by 20%. You lower your cost far more and the energy expended to do so is far less which maximizes your returns. So sure, everything’s on the table but the bulk of what we spend is in a few areas.
There are no easy answers. We've dug ourselves this hole. Everyone is to blame, some more than others, but we are where we are.
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