how to shore up the budget deficit without tax hikes, or spending cuts.
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  how to shore up the budget deficit without tax hikes, or spending cuts.
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Author Topic: how to shore up the budget deficit without tax hikes, or spending cuts.  (Read 501 times)
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HoffmanJohn
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« on: February 07, 2010, 02:32:36 PM »

one example would be to stop guaranteeing student loans through private companies/banks and instead just simply supply them through direct lending. The CBO estimates that this would save 80 Billion because it is more efficient to put government directly in charge of student loans. 
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HoffmanJohn
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« Reply #1 on: February 07, 2010, 02:33:58 PM »

any other ways to shore up the deficit without tax increases or spending cuts?
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opebo
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« Reply #2 on: February 07, 2010, 02:44:28 PM »

one example would be to stop guaranteeing student loans through private companies/banks and instead just simply supply them through direct lending. The CBO estimates that this would save 80 Billion because it is more efficient to put government directly in charge of student loans. 

Kind of a small amount there.  Anyway student loans should be eliminated and turned into grants instead.
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HoffmanJohn
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« Reply #3 on: February 07, 2010, 02:53:21 PM »

one example would be to stop guaranteeing student loans through private companies/banks and instead just simply supply them through direct lending. The CBO estimates that this would save 80 Billion because it is more efficient to put government directly in charge of student loans. 

Kind of a small amount there.  Anyway student loans should be eliminated and turned into grants instead.

80 billion is a small amount but it is still money saved, or money that could be spent somewhere else. The point here is that making a program more efficient could create more savings. Too often people think the only way to produce savings is to either cut spending or raise tax's but this is obviously false.
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Beet
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« Reply #4 on: February 07, 2010, 03:15:29 PM »

The best way is to hike taxes. Tax the wealthy. But mandatory entitlement spending also needs to be controlled.
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HoffmanJohn
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« Reply #5 on: February 07, 2010, 03:35:13 PM »

The best way is to hike taxes. Tax the wealthy. But mandatory entitlement spending also needs to be controlled.

The topic is challenging us to think of other ways besides increasing tax's, or cutting spending. Too often people think that we have to either cut spending, or increase tax's. Thus I am trying to challenge that general assertion.
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Southern Senator North Carolina Yankee
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« Reply #6 on: February 07, 2010, 06:25:48 PM »

Another area would be Pay for Performance Teaching and Charter Schools. The problem is not lack of money but innefficiency and waste. Better allocation of money within the education system will save Billions.

You can only squeeze so much out of a budget in terms of waste and innefficiency. Eventually you have to tackle Medicare, Medicaid and Social Security before they turn us into a banana republic.

Also, raising taxes on the wealthy is not going to be enough to solve this problem and the downsides too it outway the gains. New taxes or tax hikes are not a viable option.


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HoffmanJohn
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« Reply #7 on: February 07, 2010, 06:50:33 PM »

Another area would be Pay for Performance Teaching and Charter Schools. The problem is not lack of money but inefficiency and waste. Better allocation of money within the education system will save Billions.

You can only squeeze so much out of a budget in terms of waste and innefficiency. Eventually you have to tackle Medicare, Medicaid and Social Security before they turn us into a banana republic.

Also, raising taxes on the wealthy is not going to be enough to solve this problem and the downsides too it outway the gains. New taxes or tax hikes are not a viable option.




so you are suggesting that we increase spending on charter schools? ok but remember we can not cut spending on public education because that would be considered a spending cut. Perhaps public education has some inefficiencies, but making something more efficient would help to save money.

when it comes to tax's you have to practical. For example during a boom it would be wise to increase tax's, and during a bust it would be wise to cut tax's.

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