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What do you think of this?

I read yesterday of the federal workers pay freeze, but in addition to that there are other proposed cuts to be made. Social security cuts, no more child tax credit, no more mortgage interest credit, and raising taxes again. What do you think of these cuts, good or bad? Will it help anything if they go through?

 
bjojola

Asked by bjojola at 1:18 PM on Nov. 30, 2010 in Politics & Current Events

Level 23 (16,005 Credits)
This question is closed.
Answers (7)
  • We'll have to wait and see, as usual. Think about it though. If they cut SS, take away the child tax credit and the mortgage interest credit who are the ones who will really be affected? The very wealthy certainly won't be affected (and most of our Congresspeople are quite wealthy), they'll just find loopholes like they do now. The middle and lower income level people are the only ones this would really affect and they would end up shouldering most of the tax burden. Another case of the very wealthy protecting the very wealthy while appearing to be doing something good for the country as far as the decifit, etc. goes.
    meriana

    Answer by meriana at 10:15 AM on Dec. 1, 2010

  • I think it would hurt the middle class and the elderly a lot and wouldn't really help reduce the deficit. A of people depend on SS to make ends meet these days and a good many of them have already tightened up their budgets as much as they can. Taking away the child tax credit and the mortgage interest credit will also hurt a lot of middle and lower income people. The child tax credit and the mortgage interest credit are two reasons why we get a refund (we are retired and have 3 dependent children)...but in actuality we don't get a refund as that money goes right back to the Gov in the form of property taxes. Really they should be looking at cutting those expensive perks, etc for the members of Congress and closing loopholes that allow many wealthy people to escape a large portion of their taxes....if they pay them at all.
    meriana

    Answer by meriana at 6:07 PM on Nov. 30, 2010

  • So far they are only proposed. If we let the Bush tax cuts expire, maybe these proposed tax cuts wil be unecessary? Lets wait and see.
    kerp1960

    Answer by kerp1960 at 1:40 PM on Nov. 30, 2010

  • But, is the pay freeze an actual pay freeze. What if you have steps and lanes. You hit the 3 or 5 year mark.....salary increase as your union contract demands. Or, you add on a certification or training.....lane change and pay increase as your union contract demands. The "freeze" is just for cost of living increases. This has no teeth either.
    jesse123456

    Answer by jesse123456 at 7:47 PM on Nov. 30, 2010

  • too cowardly to put your name on your attack, anon? spineless POS
    autodidact

    Answer by autodidact at 9:53 PM on Nov. 30, 2010

  • Don't think that would go through. I would be surprised if it did.
    trashymom

    Answer by trashymom at 12:22 AM on Dec. 1, 2010

  •  imo no it won't be good if they expire…And this freeze just guarantees these gvt workers a salary with NO cuts, which is a whole more than most of us have. And isn't this nice, they get paid a lot more than the private sector does… 


    •Total compensation. Federal compensation has grown 36.9% since 2000 after adjusting for inflation, compared with 8.8% for private workers."  (article below dated 8/13/2010)


    http://www.usatoday.com/money/economy/income/2010-08-10-1Afedpay10_ST_N.htm

    agentwanda

    Answer by agentwanda at 1:00 AM on Dec. 1, 2010

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