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Forty House Republicans joined 60 Democrats today in a letter calling on the congressional super committee to consider “all options” in crafting a deficit reduction package, including increasing revenues.

 

The list of signers includes many moderates from both parties. But it also in includes conservatives such as presidential candidate Ron Paul, R-Texas.


Like all but three of the 40 GOP signatories, Lummis has also signed the pledge by anti-tax activist Grover Norquist to oppose tax increases.

 

It was organized by Reps. Heath Shuler, D-N.C., and Mike Simpson, R-Idaho.


http://hosted.ap.org/dynamic/s...=2011-11-02-15-03-16

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Originally Posted by mad American:

Why is raising taxes considered sanity, but cutting spending is not?


The federal tax burden is at historic lows. 

 

The Congressional Budget Office estimated that federal taxes would consume just 14.8 percent of G.D.P. this year. The last year in which revenues were lower was 1950, according to the Office of Management and Budget.

 

 

http://economix.blogs.nytimes....the-u-s-high-or-low/

 

Originally Posted by mad American:

Why is raising taxes considered sanity, but cutting spending is not?


Ditzy's post:

The federal tax burden is at historic lows. 

 

The Congressional Budget Office estimated that federal taxes would consume just 14.8 percent of G.D.P. this year. The last year in which revenues were lower was 1950, according to the Office of Management and Budget.

 

 

http://economix.blogs.nytimes....the-u-s-high-or-low/

 

Now, Ditzy, aren't you always saying how great things were in the 1950's. Now, if the spending were at that level, as well! 

Originally Posted by interventor1212:
Originally Posted by mad American:

Why is raising taxes considered sanity, but cutting spending is not?


Ditzy's post:

The federal tax burden is at historic lows. 

 

The Congressional Budget Office estimated that federal taxes would consume just 14.8 percent of G.D.P. this year. The last year in which revenues were lower was 1950, according to the Office of Management and Budget.

 

 

http://economix.blogs.nytimes....the-u-s-high-or-low/

 

Now, Ditzy, aren't you always saying how great things were in the 1950's. Now, if the spending were at that level, as well! 


Didnt have Medicare.

Didnt have Social Security.

Didnt have more retired military that active military. 

Didnt have NASA

Didnt have DHS

 

The *uck is bad at math.

Social Security originated in 1935, which came before 1950, in this sidereal universe.

Did have a record number of disabled veterans, and veterans on the GI bill, from the 14 million who served in WWII

Did have a space exploration program at Redstone and White Sands. (NASA is small potatoes on the budget).

Did have a war -- Korea.

 

Ditzy doesn't know his history.

Originally Posted by interventor1212:

Social Security originated in 1935, which came before 1950, in this sidereal universe.

Did have a record number of disabled veterans, and veterans on the GI bill, from the 14 million who served in WWII

Did have a space exploration program at Redstone and White Sands. (NASA is small potatoes on the budget).

Did have a war -- Korea.

 

Ditzy doesn't know his history.


The ignorance is strong in you my friend.

 

In 1950, SS ran a surplus and was off budget.

SS also did not include nearly the programs that we enjoy today:

 

NASA made Huntsville and north AlObama into what is is today.  Thats not small potatoes to the 25,000 people that get their paycheck form the government.

In general, social security is still within the revenue it collects. For a couple of months, its had to deep into the general fund. Social security isn't a major factor in the deficit, yet.  And, with tweaks, can go for another 50 years on revenue collected. 

 

Medicaid is a problem.  Regressive progs shouldn't mess with something, until their other messes are cleaned up.

 

NASA may help Huntsville, so does the Army.  But, its the nation we are speaking of, not one city.

NASA's budget was about $18billion.

That is greater than the federal income tax revenue of 17 states

 

 

                         Annual Tax Rev.

34Iowa$18,436,557,0002,988,046$6,170.10
35Delaware$16,857,669,000864,764$19,493.95
36Utah$15,063,650,0002,645,330$5,694.43
37Rhode Island$11,966,818,0001,057,832$11,312.59
38Mississippi$10,868,707,0002,918,785$3,723.71
39New Hampshire$9,304,200,0001,315,828$7,070.98
40Idaho$9,024,822,0001,499,402$6,018.95
41New Mexico$8,346,154,0001,969,915$4,236.81
42Hawaii$7,666,494,0001,283,388$5,973.64
43West Virginia$6,521,950,0001,812,035$3,599.24
44Maine$6,289,216,0001,317,207$4,774.66
45South Dakota$4,765,559,000796,214$5,985.27
46Wyoming$4,724,678,000522,830$9,036.74
47Montana$4,522,680,000957,861$4,721.65
48Alaska$4,287,200,000683,478$6,272.62
49Vermont$3,806,110,000621,254$6,126.50
50North Dakota$3,659,740,000639,715$5,720.89

 

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