Posted by wisbaker on December 12, 2012 at 08:09:51 from (184.108.40.206):
In Reply to: Death and Taxes. posted by Ultradog MN on December 12, 2012 at 07:31:47:
No one wants to talk about the real fiscal cliff. Graph a line that represents our GDP (the value of all goods and services we produce/consume) using statistical analysis continue the line projecting the GDP for the next 100 years. Do the same for government spending, notice the government spending line will eventually cross the GDP line meaning the government will be spending MORE than we as a people make. How is that going to work????? If you want to see a strong economy and JOBS pass a constitutional amendment limiting total government spending to no more than some percentage of our economy say 20% of our earnings. This means if government wants to spend another dollar they have to expand the economy and our earnings by 5 dollars. Also make the government responsible to adjust their budget to compensate for laws they pass, example Barry & the boys passed a law mandating increased fuel efficiency for motor vehicles, let's say it was a 15% improvement, the new budget needs to balance with a 15% reduction in gas taxes (we use less fuel, they get less money) AND compensate the states for lost sales tax revenue. Say the increased cost of fuel efficient emission compliant trucks will result in 1000 fewer being sold this year in Wisconsin, on a $20,000 dollar trade Wisconsin gets $1,000, so the feds stroke out a check to Wisconsin for $1,000,000 and to each other state AND an additional check to Michigan for 2.5 Million dollars to cover the payroll taxes they don't get for the truck plant that got closed due to weaker demand for expensive fuel efficient emission compliant trucks.
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