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Post by graybeard on Mar 4, 2011 6:36:09 GMT -6
www.worldpublicopinion.org/This part of the U. of Maryland caught my eye when they published perceptions from the last election. The more you watch Fox, the more misinformed you are. You can take a whack at the US budget. Most people do better at cutting than CONgress, and repubs and dems agree to a large extent on what to cut. GB
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Post by unlawflcombatnt on Mar 6, 2011 17:55:39 GMT -6
I'd cut military spending (and bring troops home), impose high Tariffs on non-oil imports, and raise taxes on the rich--and even higher taxes on investment income.
I'd also eliminate the homebuyer's tax credit.
If I did anything with Social Security, I'd remove the income cap on contributions.
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Post by waltc on Mar 6, 2011 20:15:29 GMT -6
What ULC said.
Furthermore I'd cut DoD spending by 50% save for VA spending which would increase. (save $250 billion)
End the wars in Iraq and Afganistan($117 billion per year) Cut in half the Black intelligence budget, (save $35 billion)
Cut the number of carriers to 8 instead of 12.(save $4billion)
Cut the Pentagon staffing by 2/3rds(15,000 people). Most of the people there are paper pushing parasites that know nothing about anything except to give great Power Point presentations to other stupid people.
Shut down all 4 military academies for a period of 10 years. Currently our military has 1 officer per 7 enlisted men. This ratio is insane and counter productive to a efficient and effective military.
Force into retirement all generals that no longer have a actual combat unit command. There goes about a 1000 generals and their admirals and staff(usually 35 officers as the general's personal posse) down the toilet. Basically we'd be able to shit can 35,000 parasites from the military. Saves about $2 billion a year.
Get rid of our bases in Japan, Okinawa and S. Korea, Kosovo and Eastern Europe.(guess about 5-10 billion per year in recurring costs).
Probably save some $450 billion a year all told.
Get rid of the Dept of Education (saves 150 billion a year).
Bring the corporate tax rate to what it was under Clinton.
Tax all stock, derivative and option profits as regular income (33%).
Granting stock options to executives will be taxed as regular income the moment they are exercised.
Short term(1 year or less) trading will have a 1% tax based on trade value. This would kill robot trading overnight.
Get rid of overseas tax heavens and Delaware protections.
Any company off-shoring will have to pay a $50k per head(tax free) relocation bonus to all workers laid off as a result.
All H1-B, L-1 workers would be sent home.
All in all I bet we could cut a cool $600 billion and come up with a half trillion or more in new revenue.
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