Right or wrong, now the US is in big debt due to the war. Should the government raise taxes to protect the stability of the country's financial system for future generations? The tax could come in a variety of forms. A gas tax might be one, the US government could put a light tax on land, a sales tax is an option etc. Experts agree that the total cost of the war will be over 1 trillion. Some say it could go up to 2 trillion. This is considering a variety of factors.
Isn't it time the US end its debtor nation status? It would be painful now but in the future there would be a lot less debt. Of course the whole debt wouldn't be paid of next year but rather more quickly than it is being paid off now.
2007-05-23 18:18:23 · 17 answers · asked by Anonymous in News & Events ➔ Current Events
Thanks for any response.
2007-05-25 15:50:35 · update #1
Yes and the draft started also.
2007-05-31 13:35:01 · answer #1 · answered by CottonPatch 7 · 1⤊ 0⤋
A better way would be to gid rid of Bush's Tax Cuts for the Richest Americans.A company like Chevron has record breaking profits,plus the Tax cuts they get they have Billions in their Bank Account.Bush wants Guns and Butter for America,this War is gonna Bankrupt America if it's not ended soon.Every Business that Bush ever ran before he got in politics he ran into the ground and now he's doing the same thing to America.Heaven Help us!
2007-05-31 14:27:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Have you been looking at the stock market lately? Most likely not, or you'd notice a very healthy economy that will more than pay any debt we have from the war. You see, with lower taxes, we have more money to spend and invest, and therefore earn even more, and, personally, as a result, I paid more taxes this year than I have in quite some time, and I already can project that I'll be paying even more taxes next year due to my increased income from MY investing MY money, as GW Bush said in his election campaign. And with those increased taxes from me and the many who are earning more with Bush's economy, we can more easily pay what debts we incur. It's real simple. Don't worry. The sky's not falling. Truly, the sky's not falling, and with GW Bush and his lower tax rate, our government is getting more able to pay debts. God Bless you.
2007-05-23 18:28:07 · answer #3 · answered by ? 7 · 2⤊ 0⤋
i might be wrong, all i hear is that economy is booming, oh, really booming for who.
our middle class which is back bone of our nation is dissolving,
more and more people losing their houses.
not that i own one, the pries for everything has gone up. some business can raise their praises but most can not. because we will lose our clients.
majority of American citizen do not or can not afford to have
medical insurance there for they have to prey not to get sick
on God forbid end up in hospital.
we already paying taxes for every breath we take. tax for this tax for that.
our education system is a big fat joke.
illegals have more rights, and benefits than our own citizens.
most fellow Americans leave on pay ck by pay ck.
Raising taxes, no i do not think so.
2007-05-29 12:52:28 · answer #4 · answered by not fair 6 · 1⤊ 0⤋
I already pay almost 40 cnts of each and every dollar I make to Uncle Sam. how the heck a lot extra does he choose? JHVH in basic terms asked 10 in line with cent of his human beings! perhaps congress might desire to attempt to reign in its earmarks and freebies for all (which includes non citizen illegals) too as a fashion to shrink the debt. nonetheless, I concern that the legacy of this congress and this president would be to pass away the subsequent ones with a important recession or perhaps a melancholy and then human beings will discover out what troublesome circumstances extremely are.
2016-11-05 05:02:35 · answer #5 · answered by arrocha 4 · 0⤊ 0⤋
The US is in a bigger privious debt to tax payers caused by deficit spending. Get rid of social program spending and then we will talk. Or we could get rush limbaugh to do a bake sales accross the country and pay it off that way.
2007-05-25 12:00:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I have a better idea. Since the UN could not agree to enforce its own resolutions on Iraq forcing the coalition of the willing to do it for them, these countries should bill the UN and withhold all payments until the costs are covered.
2007-05-23 21:21:30 · answer #7 · answered by Caninelegion 7 · 0⤊ 0⤋
Raising taxes only reduces the amount of tax revenue taken in. Reducing taxes actually increases the amount of revenue taken in.
Study the issue.
Economist.
Honors Senior of the Year in my University 1993.
How about we kick out the illegals that cost us about 90 Billion a year? In 10 years you have 900 billion then.
I guess that might make me not compassionate.
2007-05-23 18:21:34 · answer #8 · answered by lovingdaddyof2 4 · 4⤊ 1⤋
Good Lord, let's not even hint to the govt any reason to raise taxes..let's just stay in debt.
2007-05-31 11:37:23 · answer #9 · answered by judy c 3 · 0⤊ 0⤋
Simple. Charge off our debt with oil from Iraq. Take extra to control the next idiot. (After Sadaam).
2007-05-31 12:15:08 · answer #10 · answered by Anonymous · 0⤊ 0⤋