5 Think tank plans to control debt

[Peter1469]

5 Think tank plans to control debt (http://crfb.org/blogs/five-think-tanks-have-plans-stop-rise-long-term-debt)

A mix of left, right, and bi-partisan think tanks release their plans to attack the debt between now and 2040.


The Peter G. Peterson Foundation (PGPF) hosted its 2015 Fiscal Summit (http://www.fiscalsummit.com/?page_id=2981) today, which brought together leading lawmakers and policy experts to discuss the nation's economic and fiscal challenges. Part of the agenda was the "Solution Initiatives III (http://pgpf.org/solutions-initiative-iii)," where five think tanks – the American Action Forum (AAF), the American Enterprise Institute (AEI), the Bipartisan Policy Center (BPC), the Center for American Progress (CAP), and the Economic Policy Institute (EPI) – presented their ideas (http://pgpf.org/sites/default/files/05122015_solutionsinitiative3_fullreport.pdf) to improve the nation's finances and prioritize different programs. As the title indicates, this is the third time PGPF has had think tanks present fiscal solutions after previous rounds in 2011 (http://crfb.org/blogs/comparing-six-fiscal-plans) and in the run-up to the fiscal cliff in late 2012 (http://crfb.org/blogs/five-fiscal-plans-consideration).


In contrast to current projections, which have debt rising continuously starting later this decade to over 100 percent of Gross Domestic Product (GDP) by 2040, the plans would all either stabilize debt at about its current level or put it on a clear downward path. AAF is the most aggressive, getting debt down from 74 percent of GDP this year to 16 percent by 2040. CAP, EPI, and AEI also put debt on a downward path to 46, 54, and 63 percent, respectively, while BPC stabilizes debt at about its current level.



There are some differences, but many of the ideas are similar.

http://crfb.org/sites/default/files/2015_solutions_composition.jpg

[Tahuyaman]

5 Think tank plans to control debt (http://crfb.org/blogs/five-think-tanks-have-plans-stop-rise-long-term-debt)

A mix of left, right, and bi-partisan think tanks release their plans to attack the debt between now and 2040.



There are some differences, but many of the ideas are similar.

http://crfb.org/sites/default/files/2015_solutions_composition.jpg

You don't need to consult five different think tanks. I can develop a way to control debt. It's easy. Don't spend more than you take in.

[Peter1469]

Good luck.

[GRUMPY]

peter, do we really require a think tank to control debt, is this how far we have fallen.....

[Peter1469]

peter, do we really require a think tank to control debt, is this how far we have fallen.....

Fascinating response. But completely and utterly useless.

[GRUMPY]

Fascinating response. But completely and utterly useless.

peter, what is useless are tools like you putting forth the nonsense that controlling debt is a mystery needing think tanks to think it out....you nor your response are anywhere close to being fascinating son.....

[Peter1469]

peter, what is useless are tools like you putting forth the nonsense that controlling debt is a mystery needing think tanks to think it out....you nor your response are anywhere close to being fascinating son.....

You are incorrect, and your faux intellectualism needs work if you want people to think you have some sense.


Pops.

[GRUMPY]

You are incorrect, and your faux intellectualism needs work if you want people to think you have some sense.


Pops.

peter that is unworthy of you as is this whole post....try harder not to present as a dumbxxx...there now maybe the sensitive will not feel the need to sensor...

[Peter1469]

peter that is unworthy of you as is this whole post....try harder not to present as a dumbxxx...there now maybe the sensitive will not feel the need to sensor...

Grump, don't treat members like your play things. You would get a better reception here.

Now, stop trolling my thread. If you don't care about the topic don't post in it.

Understand, pops?

[GRUMPY]

Grump, don't treat members like your play things. You would get a better reception here.

Now, stop trolling my thread. If you don't care about the topic don't post in it.

Understand, pops?

i understand that you and your thread are asinine son.....again the idea that we need think tanks to deal with debt is ridiculous......

[Common Sense]

What a tool...

[midcan5]

Most think tanks are simply corporate tools whose ideas are paid for and thus BS spin. I searched 'tax' or 'taxes' and could not find anything. Since Japan and Korea along with China and the Dutch now own America and obviously off shore profits, maybe the so called think tanks should ask them. If they need a closer place to look for workable policy they can view that simpleton Brownback's Kansas. He like them is lost in Lalaland.

http://fiscalsummit.com/wp-content/uploads/PGPF-Progress-Report.pdf

"Historian Phillips-Fein traces the [b]hidden history of the Reagan revolution to a coterie of business executives, including General Electric official and Reagan mentor Lemuel Boulware, who saw labor unions, government regulation, high taxes and welfare spending as dire threats to their profits and power. From the 1930s onward, the author argues, they provided the money, organization and fervor for a decades-long war against New Deal liberalism—funding campaigns, think tanks, magazines and lobbying groups, and indoctrinating employees in the virtues of unfettered capitalism."

http://www.amazon.com/Invisible-Hands-Making-Conservative-Movement/dp/0393059308/ref=sr_1_1?ie=UTF8

"There is no historical evidence that tax cuts spur economic growth. The highest period of growth in U.S. history (1933-1973) also saw its highest tax rates on the rich: 70 to 91 percent. During this period, the general tax rate climbed as well, but it reached a plateau in 1969, and growth slowed down five years later. Almost all rich nations have higher general taxes than the U.S., and they are growing faster as well." Tax cuts spur economic growth (http://www.huppi.com/kangaroo/L-taxgrowth.htm)

[magicmike]

Interesting how all or the greater majority of them favor increased spending on health and social security.

[Peter1469]

i understand that you and your thread are asinine son.....again the idea that we need think tanks to deal with debt is ridiculous......

Clown alert.

[Peter1469]

Most think tanks are simply corporate tools whose ideas are paid for and thus BS spin. I searched 'tax' or 'taxes' and could not find anything. Since Japan and Korea along with China and the Dutch now own America and obviously off shore profits, maybe the so called think tanks should ask them. If they need a closer place to look for workable policy they can view that simpleton Brownback's Kansas. He like them is lost in Lalaland.

http://fiscalsummit.com/wp-content/uploads/PGPF-Progress-Report.pdf

"Historian Phillips-Fein traces the [b]hidden history of the Reagan revolution to a coterie of business executives, including General Electric official and Reagan mentor Lemuel Boulware, who saw labor unions, government regulation, high taxes and welfare spending as dire threats to their profits and power. From the 1930s onward, the author argues, they provided the money, organization and fervor for a decades-long war against New Deal liberalism—funding campaigns, think tanks, magazines and lobbying groups, and indoctrinating employees in the virtues of unfettered capitalism."

http://www.amazon.com/Invisible-Hands-Making-Conservative-Movement/dp/0393059308/ref=sr_1_1?ie=UTF8

"There is no historical evidence that tax cuts spur economic growth. The highest period of growth in U.S. history (1933-1973) also saw its highest tax rates on the rich: 70 to 91 percent. During this period, the general tax rate climbed as well, but it reached a plateau in 1969, and growth slowed down five years later. Almost all rich nations have higher general taxes than the U.S., and they are growing faster as well." Tax cuts spur economic growth (http://www.huppi.com/kangaroo/L-taxgrowth.htm)

Ask JFK about his economic growth.

Tool.

[Common Sense]

Ask JFK about his economic growth.

Tool.

Why do you call him a tool for providing two links?

[Peter1469]

Why do you call him a tool for providing two links?

He ignores the demonstrable instances of tax cuts increasing tax revenue.

[midcan5]

He ignores the demonstrable instances of tax cuts increasing tax revenue.

There is no proof of that and I can and have provided lots that demonstrate who the tool is. Take a bow.

[Captain Obvious]

You don't need to consult five different think tanks. I can develop a way to control debt. It's easy. Don't spend more than you take in.

Fractionalizes your re-election chances though.

[Captain Obvious]

Lot of hisssss in this thread, lol.

Calm down folks, we're all on the same team here.

[GRUMPY]

What a tool...

oh sticks and stones child....cannot you do better than that.....and do you actually need a think tank to tell you what to think regarding this nation's debt......

[Tahuyaman]

He ignores the demonstrable instances of tax cuts increasing tax revenue.


Cutting tax tax rates always results in increased revenues.

[GrassrootsConservative]

I can and have provided lots that demonstrate who the tool is.

Yes, 1,178 demonstrations and counting.

[Peter1469]

There is no proof of that and I can and have provided lots that demonstrate who the tool is. Take a bow.

CBO numbers say that you are totally incorrect. Look at the JFK, Reagan, and Bush years for the spikes in tax revenue after tax cuts.

But you have to get your head out of your ass to see.