Post #2341 by onepoorguy on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (21)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 2

Deficit = Spending - Revenue.

When spending exceeds revenue, deficit occurs.

It's math.

Sure. His point was the revenue part of that equation. It is inadequate, unless you want to cut Medicare and SS (which is the ONLY way you could balance the budget given current revenues).

In Reagan's time, the top tax bracket was 80%. We should probably head back in that direction. Not that 80% is a magic number. I have no idea what the magic number is. But I'm sure 35% isn't it. We also need to reform such that people who don't work for a living (i.e. live off unearned income) pay a good chunk. Those are typically the super-wealthy, clipping coupons and handing down fortunes over generations.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (21)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.