Interesting but not going to happen

[joeydb]

Originally Posted by Danzig

it's a great idea. all candidates for all offices espouse it. none ever follow it!

Only way to make it happen is to have Congress debate how to split up a fixed amount of money (like last year's revenue). Instead of what they do now: coming up with figures out of thin air that are then totaled up and passed in a bill, which has no relationship whatsoever to our ability to pay.

When was the last year that the government actually made a dent in the principal of the debt, not just balancing the budget based on the current yearly deficit alone? A long time ago.

[jms62]

Originally Posted by joeydb

Only way to make it happen is to have Congress debate how to split up a fixed amount of money (like last year's revenue). Instead of what they do now: coming up with figures out of thin air that are then totaled up and passed in a bill, which has no relationship whatsoever to our ability to pay.

When was the last year that the government actually made a dent in the principal of the debt, not just balancing the budget based on the current yearly deficit alone? A long time ago.

Good luck with getting Congress to pass legislation that would make its own job infinitely harder.

[joeydb]

Originally Posted by jms62

Good luck with getting Congress to pass legislation that would make its own job infinitely harder.

They won't do it. I agree with you.

Then maybe they'll at least spare us the endless comparisons to how Americans run their lives at the kitchen table. The common citizen does indeed have to try to spend some fraction of what they take in - after they are taxed of course.

The government on the other hand does no such thing. They total it up, and add it to the debt via a deficit for the year. Simple as that. Which is how you eventually get up to 18 trillion dollars in debt and beyond.

[Danzig]

Originally Posted by joeydb

They won't do it. I agree with you.

Then maybe they'll at least spare us the endless comparisons to how Americans run their lives at the kitchen table. The common citizen does indeed have to try to spend some fraction of what they take in - after they are taxed of course.

The government on the other hand does no such thing. They total it up, and add it to the debt via a deficit for the year. Simple as that. Which is how you eventually get up to 18 trillion dollars in debt and beyond.

Just print more money!

[Danzig]

Posted for the math example.be sure to read the hypothetical.


http://www.wordwiz72.com/flattax.html

[Danzig]

Originally Posted by joeydb

Only way to make it happen is to have Congress debate how to split up a fixed amount of money (like last year's revenue). Instead of what they do now: coming up with figures out of thin air that are then totaled up and passed in a bill, which has no relationship whatsoever to our ability to pay.

When was the last year that the government actually made a dent in the principal of the debt, not just balancing the budget based on the current yearly deficit alone? A long time ago.

i have no idea.
i know the country hasn't been out of debt since andrew jackson was president.
and the income tax was 'temporary'.

Originally Posted by jms62

Good luck with getting Congress to pass legislation that would make its own job infinitely harder.

yeah, it'll never happen!
just like they handle their own ethics questions....and raises, and insider trading! the fox guarding the henhouse has never worked well.