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How do you stop deficit spending?

Do you think that we can maintain everything the way it is now and reduce deficit spending enough to get our feet back on the ground, or do you think it will have to hurt and that there will be cuts that will cause some suffering to get there?

 
QuinnMae

Asked by QuinnMae at 1:28 PM on Jan. 19, 2011 in Politics & Current Events

Level 48 (292,374 Credits)
This question is closed.
Answers (12)
  • Force a cut in waste. 5%-10% cut in ALL spending within 10 10 years.... Remove redundant programs. We didn't get here overnight, and we need to make long term changes in our government spending pattern to show REAL commitment to a healthier and stronger fiscal nation. Renegotiate Government Contracts, Pensions Programs, Union deals, etc...  Stricter guidelines for entitlement programs.

    grlygrlz2

    Answer by grlygrlz2 at 1:45 PM on Jan. 19, 2011

  • First you have to stop the bleeding and then you have cut, cut and cut some more. If you really want to start paying DOWN the debt, revenue would need to be raised, but only if were earmarked for debt pay down. The solution would be felt by all-

    Sisteract

    Answer by Sisteract at 1:33 PM on Jan. 19, 2011

  • And everyone has to stop complaining when their special interest group is affected. Why should one group bear a bigger part of the burden or be unaffected? Isn't that the cry from the those who support tax cuts for the billionaires and having the poor pay their fair share? Do certain groups not use the infrastructure and community services? Myopic thinking does NOT solve problems-


    Million $ question- How is it the poor are readily labeled "entitled" but the loophole loving, money hiding megas are not? MYOPIC, indeed. If you're willing to call a spade, a spade- include ALL the users and abusers-

    Sisteract

    Answer by Sisteract at 1:48 PM on Jan. 19, 2011

  • I think it's going to hurt, and there will be suffering.
    SuperChicken

    Answer by SuperChicken at 2:09 PM on Jan. 19, 2011

  • It will take the people who are getting all this money to agree to let the spending cuts happen without acting like the French, or the Greeks, or the English when they were told they would have to work 2 more years, or pay for their education, or just pay their way. We have to do what is best for the country. That will take each person receiving the money to make sacrifices and not thinking about yourself to get it done. Then, enact the fair tax so all of use are paying taxes instead of 40% of the population trying to support 100% of the population. Just burn the tax code, get rid of all the taxes including income tax. They are gone. Then, a 23% fed sales tax and a 5% state sales tax. We would all pay 28% which is less than we pay now but would raise an obscene amount of money for fed. and state.
    jesse123456

    Answer by jesse123456 at 7:37 PM on Jan. 19, 2011

  • Fire the whole bunch of them?
    lovinangels

    Answer by lovinangels at 1:30 PM on Jan. 19, 2011

  • suppose to be~ 5%-10% cut in ALL spending within 10 years..
    grlygrlz2

    Answer by grlygrlz2 at 1:48 PM on Jan. 19, 2011

  • "and the POOR aren't the ones that MAKE THE DECISIONS!! Yet they lose all their SERVICES first (and usually ONLY them)"

    What is your definition of poor? And what services are you referring to?

    kenzie07

    Answer by kenzie07 at 3:58 PM on Jan. 19, 2011

  • Printing money is NOT the solution.
    grismelda

    Answer by grismelda at 5:17 PM on Jan. 19, 2011

  • Then, enact the fair tax so all of use are paying taxes instead of 40% of the population trying to support 100% of the population. Just burn the tax code, get rid of all the taxes including income tax. They are gone. Then, a 23% fed sales tax and a 5% state sales tax. We would all pay 28% which is less than we pay now but would raise an obscene amount of money for fed. and state.

    Abolish LOOPHOLES for "certain" citizens and ITA^
    Sisteract

    Answer by Sisteract at 7:59 PM on Jan. 19, 2011