Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘fiscal policy’

Sodomy: A prime example of what’s wrong with #ALpolitics

Posted by Warm Southern Breeze on Sunday, July 12, 2015

A dear friend who is a long-time retiree, aged 78 years, entire subsistence is from a meager pension (earned from a lifetime of work in a unionized organization), supplemented with a paltry Social Security check.

She’s lived through breast cancer surgery (mastectomy) & reconstruction, other major surgeries (knee replacements) and procedures, and lives in a trailer which she owns, situated upon a lot which she rents. She has resided there many, many years.

To save money, she recently Read the rest of this entry »

Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Necessary but Not Sufficient: Why Taxing the Wealthy Can’t Fix the Deficit

Posted by Warm Southern Breeze on Thursday, October 4, 2012

NOW OR NEVER | SEPTEMBER 2012

Necessary but Not Sufficient:
Why Taxing the Wealthy Can’t Fix the Deficit

By David Brown, Gabe Horwitz, and David Kendall

In this paper we shatter the myth that taxes on the wealthy can come close to solving our long-term budget problem. We readily acknowledge that raising taxes on top earners is necessary, but it is not sufficient to solve the looming fiscal crisis. And we make clear that if entitlements are left on autopilot, burdensome middle class tax hikes become inevitable.

Even a 50% tax rate on the wealthy can’t fix the deficit.
Even 50% taxe rate on wealthy can't fix deficitThis is the first in a pair of papers that demonstrate that purely ideological fixes will not sufficiently address our fiscal issues. Our other report, Death by a Thousand Cuts: Why Spending Cuts Alone Won’t Fix the Deficit, proves that a cuts-only strategy cannot solve our budget woes without severely compromising our safety, security, and economic growth. Together, these papers make the case that a big and balanced fiscal package is the preferred way to avoid the fiscal cliff, prevent deficits from exploding in the future, and allow our economy to grow.

To stabilize the debt and create a positive economic climate for U.S. growth, most mainstream economists agree that annual deficits must be reduced to 3% of GDP. The question is: how do we get there?

In order to demonstrate that taxes alone cannot solve our budget woes, we explore three budget scenarios, all of which rely solely on Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

GAO IDs Billion$ in federal wa$te

Posted by Warm Southern Breeze on Wednesday, March 2, 2011

In a recently released report, the Government Accountability Office (formerly known as the Government Accounting Office), has identified Billions of dollars of waste in federal programs, many of which are described as “duplication, overlap, or fragmentation could potentially save billions of taxpayer dollars annually and help agencies provide more efficient and effective services.”

Oklahoma Senator Tom Coburn (R), said that by implementing the suggested changes – such as through consolidation, “We could save taxpayers hundreds of billions of dollars every year without cutting services.”

Some examples of streamlining include consolidating responsibilities within agencies, such as with catfish, for example. The United States Department of Agriculture (USDA) has responsibility for monitoring catfish, while the Food and Drug Administration (FDA) also has responsibility for oversight of the seafood industry. As well, Read the rest of this entry »

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , | Leave a Comment »

The Impact of the Flat Tax Reform on Inequality

Posted by Warm Southern Breeze on Wednesday, January 26, 2011

Some assert that everyone should pay the same rate of taxes, claiming that one “flat rate” would solve many problems.

I beg to differ.

The inequality of the so-called “flat tax” is quite simply, self-evident, because given that the cost of living is indexed similarly, the one whom has more income and wealth does not use as much to live, whereas the less fortunate and less wealthy use a greater percentage of their income to make ends meet.

Put another way, if it costs $500 annually to live, and you make $1000, that’s 50% of your income.

If it costs $500 annually to live and you make $10,000 that’s 5% of your income.

Who, then, does a flat tax benefit? Read the rest of this entry »

Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments »

 
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