Why can't we just cut federal spending?
Each party talks about federal spending why can't both dems and repubs come together and say let's cut 100 Billion this year from our budget. Why is it so hard for our elected officials to cut federal spending?
- Anonymous7 years agoBest Answer
It is not wise to cut too much government spending during times of high unemployment. It will surely worsen that situation.
- pennybarrLv 77 years ago
A good deal more than 100 billion has already been cut. However, the congress refuses to pass almost any bill that the Obama Administration presents to them, because their job is to get him out of office, just as the GOP promised to make President Obama a one term president back in January 2009, before he even took office.
Republicans voted for these Congressmen to represent the best interests of the people in their State and their one big accomplishment was getting the Country downgraded for the first time in Rating Agency history. Personally, I would not want a Representative that cares more about the Republican agenda than the people he/she represents.
Vote Democrat 2012
- lingebachLv 43 years ago
Obama won't have the ability to diminish spending different than via signing the spending charges exceeded via Congress purely as Bush ought to no longer spend with out Congressional authorization. Congress would desire to diminish spending in ALL states and DC.
- 7 years ago
The Obama administration HAS CUT FEDERAL SPENDING, as evidenced by the recent May 24th article by "Market Watch" analyst Rex Nutting, reporter for Rupert Murdoch's Wall Street Journal: "Government spending under Obama, including his signature stimulus, is rising at a 1.4% pace---the slowest pace in more than 60 years."
In addition to wise spending cuts, however, all major economists (MSNBC, Bloomberg, CNN, CBS's "Market Watch," etc.) concur that the fast way out of a deep deep recession (Depression) such as this one has proven to be is to SPEND...spend on highways and bridges, hiring back our laid off police, firefighters, and teachers...spend on infrastructure repairs or modern technologies? Why? Because when people are employed they make paychecks, and guess what they do with those paychecks? They spend. They pay taxes, thus generating REVENUES. The cure has to be a balance between the continued (but HUMANE) cutbacks in spending that start with closing LOOPHOLES in our tax code to generate massive amounts of revenue and also eliminating waste, fraud, and abuse (something the Obama administration has done almost since day one), while simultaneously STIMULATING ECONOMIC GROWTH by spending on repairs to infrastructure, investments in new technologies such as lightrail, etc.
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- pretender59321Lv 67 years ago
Government is like a baby. An alimentary canal with a loud voice at one end and no responsibility at the other
No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth!
- Anonymous7 years ago
obama raised tax and spending astronomically.
Obamacare was the largest tax increase on the middle class in US history. 80% of the new taxes will fall on families making less than $125,000 per year.
Here is a listing of only 20 of the tax increases.
1. Excise Tax on Charitable Hospitals (Min$/immediate)
2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion)
3. “Black liquor” tax hike (Tax hike of $23.6 billion)
4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010)
5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010)
6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010)
7. Medicine Cabinet Tax ($5 bil/Jan 2011)
8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011)
9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012)
10. Surtax on Investment Income ($123 billion/Jan. 2013)
11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013)
12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013)
13. High Medical Bills Tax ($15.2 bil/Jan 2013)
14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013)
15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013)
16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013)
17. Individual Mandate Excise Tax (Jan 2014)
18. Employer Mandate Tax (Jan 2014) Combined score of individual and employer mandate tax penalty: $65 billion/10 years
19. Tax on Health Insurers ($60.1 bil/Jan 2014)
20. Excise Tax on Comprehensive Health Insurance Plans
- Thought ControlLv 57 years ago
Because both dems and repubs are sponsored by people who want the national debt to keep getting bigger so the interest on it gets bigger too.
- PARVFANLv 77 years ago
Bad habits are very hard to break. Some just love to spend other peoples money. Peace
- TedLv 77 years ago
The federal government is like a weed, the more it grows, the more it consumes. The more it consumes, the faster it grows, all the while slowly strangling individual freedoms.Source(s): And like a weed, the only way to control it is with RoundUp, which is exactly what we need to do. Round up the entire lot of life-long politicians, boot them out, and start anew.
- MichaelLv 47 years ago
All these noisy cons who talk about tax cuts still want their expensive pet projects.