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Thread: Are Stupid Laws Driving the Deficit?

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    Are Stupid Laws Driving the Deficit?

    Out-of-date.? Duplicative? Contradictory? Bone-headed in the first place?

    Yup. All of that and more.

    http://www.thefiscaltimes.com/Column...ing.aspx#page1

    Do we really need raisin price controls?

    I say: Don’t trim them back. Eliminate them all. If there is a need to put a few back that can be discussed.

    Quote:
    “…we are the only developed country that does not have a system to clean up laws.”

    “Taxpayers are still supporting the 1,000 employees and $578 million budget of the Rural Utilities Service, originally founded to make sure Americans living in the sticks had access to electricity.”

    “…the Davis Bacon Act of 1931, enacted to boost depressed wages during the Great Depression. Today, requirements of that bill force our beleaguered federal government to systematically overpay contractors. “

    “Look at the Special Ed bill,” says Howard. “No one ever intended when that bill passed in the 1970s for special ed to consume over 20 percent of our K-12 budgets for the tiny percentage that needs special help.”




    Taxcutter to conservatives:
    Leave the entitlements for now. Don’t waste limited political capital trying to trim these programs even though they are where the big money is. Get a start by making Hussein Obama defend all these boneheaded old laws. Do Democrats really want to go to the mat for a law passed under Herbert Hoover?

    Get rid of a couple hundred billion dollars a year of this antiquated trash. That by itself will generate political capital necessary for the really heavy lifting.

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    I do agree mostly..
    Some laws need to stay inacted
    Glass-Steagall Act of 33'(?) for example
    I blame a HUGE chunk of our current collapse on the GLBD

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    Since congress makes the laws, the answer to your question is Yes the laws are stupid.

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    When you spend ~$1.3T more per year than you take in tax revenue, the source of the deficit is not a mystery.

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    Quote Originally Posted by Peter1469 View Post
    When you spend ~$1.3T more per year than you take in tax revenue, the source of the deficit is not a mystery.
    well, you run out of money when you cut taxes for the top 1% and then run two wars of choice on china's dime. bush was the first leader in recorded history to do something that stupid. but that doesn't make it reasonable for the right to turn around and the say everything that matters to the people on the other side of the aisle needs to be cut to make up for their stupidity while they still run their military...

    but anyway, that aside... we actually have been starting to run a surplus. (which, no is not the same thing as what we still owe in terms of our debt)

    fox very quietly posted this in february(just for the people who only believe rightwing blogs/news) since then there's been another surplus... i just can't find the article right now and have to get ready for work.

    The federal government reported a rare surplus for January and is on track to run its smallest annual budget deficit since President Obama took office.The Treasury Department said Tuesday that the government took in a surplus of $2.9 billion in January. That's the first monthly surplus since April, a month that benefited from income tax payments.

    Read more: http://www.foxnews.com/politics/2013...#ixzz2ZOdNgp53

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    There are easily hundreds of money-wasting laws that could be repealed and nobody would ever notice except those getting fat ooff them.

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    Angry

    Granny says is `cause dem politicians is spendin' more money dan dey takin' in...

    Feds Collect Record Income Taxes Through December; Still Run $225 Billion Deficit
    January 12, 2018 | The federal government collected record individual-income-tax revenues through the first quarter of fiscal 2018 (October through December), according to the new Monthly Treasury Statement. This was the last quarter before the new tax-cut law signed by President Donald Trump on Dec. 22 took effect.
    Despite taking in record individual-income-tax revenues, the federal government ran a deficit of approximately $225 billion during the quarter. The Treasury collected a record $390,847,000,000 in individual income taxes in October through December, according to the Treasury statement. That was $30,568,380,000 more than the $360,278,620,000 that the Treasury collected (in constant December 2017 dollars) in individual income taxes in the first quarter of fiscal 2017 (which ran from October through December of 2016).


    Fiscal 2016, when the Treasury collected $366,424,140,000 in individual income taxes in the first quarter (in constant December 2017 dollars), now ranks as the No. 2 all-time year for first-quarter individual-income-tax collections. Total tax collections in the first quarter of fiscal 2018 equaled $769,512,000,000. But because the government spent $994,467,000,000 during the quarter, the Treasury ran a deficit of $224,955,000,000.

    The $769,512,000,000 in total tax revenues during the quarter did not set a record for first-quarter total tax collections. It was more than the $756,394,470,000 in total taxes (in constant December 2017 dollars) that the Treasury collected in the first quarter of fiscal 2017, but less than $798,012,340,000 in total taxes (in constant December 2017 dollars) that the Treasury collected in the first quarter of fiscal 2016.


    The $769,512,000,000 in total tax revenues collected in the first quarter of this year included not only the record $390,847,000,000 in individual income taxes, but also $62,052,000,000 in corporate income taxes; $259,165,000,000 in Social Security and other payroll taxes; $19,458,000,000 in excise taxes; $5,258,000,000 in estate and gift taxes; $9,446,000,000 in customs duties; and $23,588,000,000 in miscellaneous government receipts.

    According to the Census Bureau, there were 126,224,000 households in the United States in 2017. The $769,512,000,000 in total taxes collected by the federal government in the first quarter of fiscal 2018 equaled approximately $6,096 per household.

    https://www.cnsnews.com/news/article...-still-run-225
    See also:

    U.S. National Mango Board Runs on $6.7 Million a Year
    January 10, 2018 | The government watchdog group Judicial Watch reported this week that the U.S. Department of Agriculture (USDA) maintains a National Mango Board, which operates on a $6.7 million budget, solely to "increase the consumption of fresh mangos in the United States," according to its USDA website. "This is a serious matter that is handled at the presidential cabinet level," reported Judicial Watch.
    First handlers and importers of 500,000 pounds of fresh mangos each year pay a fee to fund the Board, a cost that is collected by the U.S. Department of Homeland Security's Customs and Border Protection. The Board has 18 members, which includes 8 importers, 2 domestic producers, 1 first handler, and 7 foreign producers, according to its website. The National Mango Board is based in Orlando, Fla.


    In December, Agriculture Secretary Sonny Perdue announced the appointment of six members to serve three-year terms on the National Mango Board. Three were from U.S. states and two were from Mexico and Peru. “I truly appreciate the time and expertise that these individuals have agreed to give guiding the National Mango Board in its mission to find ways to provide fresh mangos to U.S. consumers and help their industry thrive,” said Secretary Perdue.

    Commenting on the Board, Judicial Watch said, "Here’s why this obscure government entity exists; to increase the consumption of fresh mangos in the United States, unlikely to be a pressing issue for most Americans. The board accomplishes this with promotion and market development activities that naturally also support a thriving industry. “'The board’s vision is to bring the world’s love of mangos to the U.S.,' according to the National Mango Board website, which describes itself as a 'promotion and research organization,'" reported Judicial Watch. "The site includes all sorts of interesting information about mangos, including the unique texture and flavors of different varieties, how to ripen, cut and store the fruit and tips on choosing the perfect mango—don’t focus on color because it’s not the best indicator of ripeness," reported Judicial Watch. "There are also recipes for just about any dish with mango, including tropical mango guacamole, shrimp and mango curry, mango Manchego stuffed with jalapeños and crusted pork with mango relish, among others. Six varieties of mangos are sold in the U.S.; Tommy Atkins, Haden, Kent, Keitt, Honey and Francis."




    Judicial Watch continued, "One of the more recent studies sponsored by the board includes an in-depth analysis on the ideal temperature to deliver the highest quality mangos. The findings are delivered in an exhaustive 38-page report, but the nutshell is that the optimal transit temperature for mangos is around 55 degrees Fahrenheit. "The problem however, is that mangos are often transported in refrigerated trailers with other food items that require colder temperatures and the mangos get compromised. The experts in 'perishable food cold chain' hired to research the matter were left with the objective of finding commercially available pallet covers for the thermal protection of mango pallets transported in a mixed load refrigerated trailer. "It’s not clear how much this important research cost the Mango Board. For those wondering, Kent mangos were used in the study and pallet covers were tested with and without a base."

    https://www.cnsnews.com/news/article...7-million-year

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    Quote Originally Posted by Taxcutter View Post
    Out-of-date.? Duplicative? Contradictory? Bone-headed in the first place?

    Yup. All of that and more.

    http://www.thefiscaltimes.com/Column...ing.aspx#page1

    Do we really need raisin price controls?

    I say: Don’t trim them back. Eliminate them all. If there is a need to put a few back that can be discussed.

    Quote:
    “…we are the only developed country that does not have a system to clean up laws.”

    “Taxpayers are still supporting the 1,000 employees and $578 million budget of the Rural Utilities Service, originally founded to make sure Americans living in the sticks had access to electricity.”

    “…the Davis Bacon Act of 1931, enacted to boost depressed wages during the Great Depression. Today, requirements of that bill force our beleaguered federal government to systematically overpay contractors. “

    “Look at the Special Ed bill,” says Howard. “No one ever intended when that bill passed in the 1970s for special ed to consume over 20 percent of our K-12 budgets for the tiny percentage that needs special help.”




    Taxcutter to conservatives:
    Leave the entitlements for now. Don’t waste limited political capital trying to trim these programs even though they are where the big money is. Get a start by making Hussein Obama defend all these boneheaded old laws. Do Democrats really want to go to the mat for a law passed under Herbert Hoover?

    Get rid of a couple hundred billion dollars a year of this antiquated trash. That by itself will generate political capital necessary for the really heavy lifting.


    creative payola. That said , congress should delete one law for each one they pass. Each new law limits freedom by telling someone they either must or cannot do something.

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