Anyone else chuckling at the deficit advice being given by the Kardashians here?
“You have to raise taxes…it’s the only way!”…..while these same libs support spending like a Kardashian and aggressively oppose every effort to cut govt spending and waste.
At this level of deficit, the only hope is to deregulate, stimulate the economy, and enact fair tariffs which will all bring in far more than a tax increase.
And without fixing the corruption and waste (the purpose of DOGE), whatever method is used, the money will be spent again instantly by these fools.
Replies to: Anyone else chuckling at the deficit advice being given by the Kardashians here?
Until we reform Social Security, Medicare and Medicaid, it is all just noise
And the chances of reforming any of those programs is essentially zero.
Those three, plus interest payments, consume over 60% of the budget. Any politician who even hints at the most modest changes is vilified.
Ideally we would need a BRAC-style bi-partisan commission to author changes to these programs. Congress will never touch this.
How about we just leave taxes where they are right now and begin negotiating more reasonable...
retirement entitlements.
THAT is the heart and soul of this crisis.
We are paying benefits that were established when life expectancy was way way less than it is now.
Maybe we scale back what you can get at the present retirement age (and let those in their 60's supplement with part time jobs) and then increase it as folks get older and can no longer work.
There has to be a compromise solution BUT NO ONE DARES TO EVEN RAISE THE SUBJECT.
Part of the problem is that age discrimination is alive and well.
It's the easiest thing for employers to do. I've seen exceptionally qualified candidates in the back half of their 50's who get laid off struggle to find lateral roles and even gigs that are a slight step down. "Overqualified" is a perfectly acceptable legal basis to reject applicants. Quite often, the real reason is that they expect these folks to give them not a minute past their 62nd birthday. If the candidate is 60, companies often don't want to be backfilling the role again in 2 years.
Taking away that safety net is never going to be popular with voters over 45/50.
One of the "fair share" ethos that I fully support is removing the tax cap on Social Security withholdings. It's quite literally a regressive income tax rate to do it that way.