{"id":2413,"date":"2010-11-12T12:28:17","date_gmt":"2010-11-12T12:28:17","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=2413"},"modified":"2010-11-12T12:28:17","modified_gmt":"2010-11-12T12:28:17","slug":"some_random_information_on_the","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=2413","title":{"rendered":"Some Random Information On The Deficit Commission"},"content":{"rendered":"

This article is based on information from The Heritage Foundation, Investor’s Business Daily, and the Wall Street Journal regarding the preliminary report released by the deficit commission.<\/p>\n

The Heritage Foundation<\/a> views the report as a starting point for the debate.  Their comments included:<\/p>\n

\n

“Since it is a preliminary report from the chairs, it should be viewed as a model for discussion and seeding ideas for the final commission report. As such, the report tackles some of the key elements of the budget–cutting discretionary spending, cutting entitlement and other mandatory spending, and tax policy–and it suggests some small changes to the budgetary process. The co-chairs are to be commended for putting out a plan that addresses the fiscal issues confronting the nation.” <\/em><\/p>\n<\/blockquote>\n

Investor’s.com<\/a> asks the following:<\/p>\n

\n

“Though timid, some of the ideas floated by the co-chairmen of President Obama’s “deficit commission” are praiseworthy. But is this a bait-and-switch — to be followed by destructive new taxes?”<\/em><\/p>\n<\/blockquote>\n

The Wall Street Journal<\/a> posted an article by Aurthur Laffer.   His suggestions for solving the deficit problem are as follows:<\/p>\n

1.  Extend the ‘Bush tax cuts’ forever and abolish the estate tax.<\/p>\n

2.  Repeal Obamacare–Mr. Laffer notes that Obamacare allows individuals to pay only five cents for each dollar of health care.  He asks, “Who do you think pays the other 95 cents?”  (The American taxpayer?)<\/p>\n

3.  The cancellation of all spending that punishes those who produce and rewards those who don’t.  This is the kind of thinking that has drained our treasury for years with no visible results.<\/p>\n

4.  The enactment of stalled free trade agreements with South Korea, Colombia and Panama.   The free trade agreement with Columbia has been blocked by unions.  <\/p>\n

Mr. Laffer’s suggestions for the ideal growth agenda include such ideas as a true flat tax with two rates–one on personal income and one on net business sales, passing a balanced budget amendment that would not include raising taxes, price stability, and finally, as comedian Jackie Mason puts it, “putting the politicians on commission”.   Holding politicians responsible for the consequences of their actions.<\/p>\n

I am sure we will hear much more about the deficit commission in the coming days.  The Political Calculations<\/a> blog posted the following chart.  I think we have to deal with spending before we even talk about taxes.<\/p>\n

\"U.S.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This article is based on information from The Heritage Foundation, Investor’s Business Daily, and the Wall Street Journal regarding the preliminary report released by the deficit commission. The Heritage Foundation views the report as a starting point for the debate.  … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2413","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2413"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2413\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}