Prof. Antony Davies: What Can We Cut to Balance the Budget

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Information Prof. Antony Davies: What Can We Cut to Balance the Budget

Title	:	Prof. Antony Davies: What Can We Cut to Balance the Budget
Lasting	:	2.22
Date of publication	:
Views	:	134 rb

Cut military spending
Comment from : jackiechan511

Donald Trump had the right idea - a 14 tax on wealth to eliminate the debt and the interest on the debt
Comment from : allen king

Ñppp
Comment from : Nako simpson

It seems that the speed of reaction to change is the reason why small individual groups can benefit from immediate changes and large groups can only react to change after they have protected their position -
Comment from : Colin Greene

Or, increase revenue?
Comment from : Euan Stokes

Basically, your answer is Anarchy smh
Comment from : Mark

take the right to vote away from anyone receiving taxpayer dollars
Comment from : MonkeyLips PoopFlinger

Depressing ☹️
Comment from : Brad Williams

We could return taxes to what they were in the 50s That could solve a lot of our problems
Comment from : Ethan Rouse

LthbrYou forget trading businessbr?????brLth
Comment from : Hong Luu

Or you could just increase revenue
Comment from : Soul Ivy

What is the proper role of government? Marie Antoinette
Comment from : LovingPrinceTamayuki

The problem can be solved very easily Educate people on how money actually works in the United states MMT economists make it very easy to understand and most people will be blown away by how how what we've been taught is completely wrong
Comment from : justicewalking

Government can never reduce spending its impossible How will you get re-elected if you don’t spend more
Comment from : BB

Cut all services to illegals and put it tward protecting the border
Comment from : CatFriGames

If every citizen in this country was billed with an equal share of the federal spending, that would be currently around $12,300 or $1,025 per month brIf every citizen were forced to pay their "fair share" of $1025 per month, the federal government would be brought back within the confines of the Constitution with in a few months brThe current system allows so many to escape pain of having skin in the gain that they will vote to increase spending until collapse
Comment from : ny1t

SOCIALISM is destroying America That means the LEFT is the corruption mechanism
Comment from : Bare Woods

Here's what to do: tax carbon dioxide (and equivalent emissions) at $50 per ton, cut "defense" spending to a quarter of its current value by eliminating things not necessary to our own national security, allow Medicare and Medicaid to negotiate drug and treatment prices, and replace the welfare state (including a large portion of Social Security payments) with a universal basic income That would balance the budget
Comment from : William Brennan

Trump can't do it hes a big loser we(you) might need to organize a rally on washington to raise awareness otherwise people will move into the forest and be reduced to cannibalsim we can let north korea or another shithead country trick us into raising our budget because it will kill us americans should understand a lot of people internationally would love to see that and we do not have friends
Comment from : James Winterfield

well the founding fathers never thought the government would be doing al this and taxing everything i wonder what they would do
Comment from : Emma Bila

The Welfare State IS the single mother state
Comment from : The H*nkening

President Ronald Reagan said that, "balancing the budget is like protecting your virtue, you have to learn to say NO"
Comment from : Pure Gospel

What is the proper role of government ? To answer this we go to the most revolutionary and greatest political document in history - the Declaration of American Independence "We hold these truths to be self evident, the all men are created equal; that they are endowed by their Creator with certain unalienable rights (Note that Jefferson says that the source of our rights is GOD, not government); that among these are Life, Liberty and the Pursuit of Happiness (and here we go, the PROPER role of government) To SECURE THESE RIGHTS, GOVERNMENTS ARE INSTITUTED AMONG MEN, DERIVING THEIR JUST POWERS FROM THE CONSENT OF THE GOVERNED"
Comment from : ITILII

WHY is SS considered an ENTITELEMENT when it is MANDATORILY taken from EVERYONE'S earning OVER THE LIFE OF THEIR CAREER? brUNEMPLOYMENT is also NOT an ENTITELEMENT, but is fully funded by EMPLOYERS PAID INTO A Fund to the STATE/FEDS in the event their previous employees would apply for BENEFITS The employers account would than be reimburshed by EMPLOYER to bring balance back to mandatory amounts brbrLooks as if you have mislabeled FREEBIES AS as OTHER MANDATORY PAYMENTS brIf FREEBIES to people other than SS recipients than there would not be a problembrNowadays, the FREEBIES could be classified as FOREIGN AID
Comment from : Organi Holic

this video says a bunch of nothing why not mention subsidies for businesses and industries? or the decline in infrastructure whenever taxes are lowered? or talk about how companies not investing in product but in policies to raise revenue or the public founding of private buildings?
Comment from : m smith

what is the proper role of government? dunno to promote the general welfare of the nation, provide justice, and a common defense the government does need reform business like GE shouldn't be getting tax refunds especially after moving parts of their business overseas
Comment from : m smith

my SS isnt an entitlement Ive paid into it all my life
Comment from : Katrinastuartgirl

Why do people think balancing the budget is a good thing? If you restrict yourself in that way, you will miss most opportunities - losing them to those who borrow to take immediate advantage of them, and you will fall behind those who have borrowed to take advantage of those opportunitiesbrbrOur Main ProblembrOne political party promises free money for votes from the shiftless (the largest demograph), with no thought whatsoever to opportunity Thus, we borrow, over-spend AND take no advantage of opportunities, and thus fall behind those that take such advantages
Comment from : Mr Numi Who

What is the proper role of government? WHAT IS THE PROPER ROLE OF GOVERNMENT?!?! It's in the constitution! The purpose of government is to protect the individual rights of its citizensTHATS IT!!! This includes military, LE, and laws We have strayed far from our original and correct purpose
Comment from : J

Free tuition and healthcare, Bernie Sanders 2016! Let's stick it to those big bank fat cats!
Comment from : Tree

Social welfare is not mentioned in the Constitution and should not be paid by the federal government These programs should be cut to zero over time
Comment from : Gina Titnaw

Why is student loans considered spending? Don't they have to be paid back even if you die or go bankrupt?
Comment from : The Peter Dislike Show

SOCIAL SECURITY IS NOT AN ENTITLEMENT - WE AND OUR EMPLOYERS ALL PAID INTO IT
Comment from : Jenkintown Jill

The right gets pissed because you are going to have to increase taxesand cut military The left gets pissed because you are going to have to cut entitlements So the correct answer is to piss off everyone brBut that takes balls And Lawyers have none, and the vast majority of our representatives are lawyers
Comment from : Michael LiVolsi

Now you know why the government being allowed to borrow is such a destructive power
Comment from : Mitjitsu

To all of the people on the tax the rich tax everybody more bandwagonbrI want you to seriously sit down and ask yourself if you thought tripling the income of the United States government would keep them out of debt, or if they would just triple their expenditures and stay in debt anyway
Comment from : Aaron Reichert

I like how people have these balance the budget discussions while yelling about welfare, social programs, and taxing the rich while not bringing up the loss in govt revenue and well paying jobs that free trade agreements such as NAFTA has cost this country
Comment from : Cody Ramey

the role of government is protection of property and rights not to support our unhealthy life styles and fix our mistakes
Comment from : Tempus

Let's try to increase revenue ?
Comment from : shaochia vang

Why cant the government cut spending and increase taxes
Comment from : A B

We need to abort the Federal Reserve Get rid of the tax havens and loopholes for the wealthy, Have them pay, not their fair share but their SHARE!!! Tax what land generates and not income Legalize hemp and marijuana and get what was in the cartel's hands The jobs and taxes would stimulate this economy Regulate municipals and utilities, and airwaves so monopolies won't have us by our gonads Put jobs back on US soil and give them to Americans Stop offshoring funds Allow medical and dental for every human in North America and stop letting insurance companies be our Doctors Open up the Market and if a corporation doesn't play nice, make them pay Fine gross polluters Place a small transfer tax for every transaction with stocks and commodities There are many solutions Create a dual monetary system, one that stays within one's community
Comment from : Khataroo

Limit the government to dealing with foreign relations, interstate commerce, defence, and law makeing Trim the fat of the social programs We will balance the budget without needing to steal a dollar more from the American worker to fund social programs that only hurt the poor
Comment from : Kyle Ginnetti

Joseph Stiglitz and Paul Krugman agreed that Universal Single-Payer health insurance in the US would cancel the Federal DebtbrbrMeanwhile, The Tax Justice Foundation found that $21-31 Trillion is sitting in tax havens,brAbout 10 of our largest corporations pay no Federal Income TaxbrAround $300 Billion in taxes goes uncollectedbrbrWe are the richest country in the world and we needn't have any problem financing our government's necessary functions and our safety netbrbrRight-wing hacks like this guy actually encourage the problems we needlessly suffer
Comment from : 4ourthofjuly

Says the title is "what can we cut to balance the budget"brDoesn't say what can be cut
Comment from : Tom

you know you can increase the revenue? that will balance everything and leave the budget in surplus
Comment from : MadDeuceJuice

that was pointless who doesn't know that we spend more than me take in? and duh, the system is broken, because if it wasn't we wouldn't have this issue
Comment from : juandiegosapotec

Cut across the board and NO more tax breaks for corporations, period!
Comment from : im1greatman

but thats trickle down economics
Comment from : asdf

There's an interesting idea
Comment from : oterj0

There arent enough rich people to pay off our debt Learn Liberty has a video discussing this point Short story is that the way liberals have come to define rich (ie the top 1), you could confiscate all their income and still not cover the gap Of course, if you did that, youd suddenly find that all the rich people left so you wouldnt collect anything anyway We spend WAAAY too much to just charge rich people Mid class has to decide what type of govt they want and what theyre willing to pay
Comment from : oterj0

The government needs to pay its bills but its hard when all the rich people are hoarding most of all the nations wealth, they got millions, do they really need all that money? Dont you understand thats the national resource
Comment from : asdf

Giving people money is punishment?
Comment from : Will Allen

You completely missed the point of the example
Comment from : Will Allen

but why do you wanna give money to rich people?
Comment from : asdf

Not really You just punish people that are doing well It is better to make sure that everybody does just as well Although that is hard seeing as most people are stupid
Comment from : jmw150

Did you read the 900 page document?
Comment from : jmw150

If you gave everyone a flat $50 sum, that benefits the poor the most, since this represents a large cut in taxes, and they value $50 more
Comment from : Will Allen

but what about subsidies, george w bush gave everyone including the rich people $5000
Comment from : asdf

No, because in the future the rich + corporations will still be paying 50 of the country's taxes despite making only 30 of the income And not stealing someone's money isn't the same as giving it to them
Comment from : Will Allen

like I said, the 99 of people in this country are footing the bill when the rich are given more money
Comment from : asdf

Who foots the bill? US creditors This burden is eventually passed onto other generations, or could be avoided completely by cutting government waste Also answer my second question - do you think the government is currently "spending" whatever it doesn't tax, simply because it could tax at 100 but isn't?
Comment from : Will Allen

well when you don't tax the rich who do you think is footing the bill? The 99 middle class will end up paying for most of the food stamps and welfare entitlements if the rich are given more money
Comment from : asdf

We see where the money went but you dont see where it wouldve went instead that doesnt help anyone or the economy when he hoards tax dollars in the cayman islands
Comment from : asdf

"There are no specific cuts can solve this problem" That should be the focus of discussion in the comments, but everyone just seems to be offering up their idea of a good budget cut Subsidies, obamacare, and the manipulation of the tax system as a whole cannot touch this problem "Nothing less than a redesign of government can solve this problem" It's time to unite and make a change instead of squabbling over the talking points illustrated by whatever political party you associate
Comment from : David Dawson

How about farm subsidies, defense spending, and oil and gas subsidies!
Comment from : Sam Schacht

LOL Good Deficit? so running your business at a loss is a Good thing? OH MY what do I say to that? HAHAHAA!!
Comment from : Barskor1

Can't we just file bankruptcy and take out a credit card in China's name? :)
Comment from : Angel Lane

So I'm pretty sure this guy is making up his own numbers in all his videos
Comment from : Ronald Gandrud

Anyone who pretends to understand the economy and does not dramatically highlight the corrupt federal reserve and the military is a liar or a fool 'Defense' spending What a joke
Comment from : Colin Olmstead

Anyone that has looked into will tell you that its Jobs, Jobs, Jobs We could balance the budget without cutting a dime if unemployment dropped to 3 or so but to do that we have to stop suppressing the free markets and education Cutting waste and reforming programs will help and if we are a smart nation we will but job creation, as in actually producing, is the primary concern over updating spending and programs
Comment from : RealityStar9

Balancing the budget means actually balancing the budget, not just cutting enough expenditures to be able to afford them with the revenue we currently generate He totally fails to mention the basic logical premise of raising revenue in any way, even though such a thing would not be extraordinarily difficult given the loopholes in the tax code that favor the rich
Comment from : zachm26

It is stupid to say that deficits are necessarily bad It depends on the state of the economy A good deficit is one that keeps the economy running at or near full capacity We are nowhere near that situation so I'd say the deficit is too small and therefore bad
Comment from : jackpotjonn

All we have to do is create a national Tax Holiday, terms of which would be this: Those of you who have hidden the estimated $31 trillion offshore have until this holiday to bring your cash back into the country, pay Federal, State & Local taxes on it at ordinary income tax rates Or, you can go to prison and forfeit all of it Which would give the rest of us poor schmucks nearly a two-year Tax Relief Period
Comment from : Gary Duell

When the rich people are given more money theres a possibility that they might have a very large amount of cash that is stored up and it's not circulating, look what happened with Romney, where do you think it would of went if Romney it not hide tax payer money in the Cayman islands?
Comment from : asdf

See, that's the disturbing thing I find about some people's arguments They yell, "CUT!" and cutting becomes the main goal Arbitrarily labeling things I don't like as "waste" is very easy and convenient to do, and that's the allure of this kind of thinking Meanwhile, the government still operates under many obviously outdated ways to elect people and provide social benefits
Comment from : capefeather

How about what the government takes in? These arguments about spending could be reasonable if there were some discussion of revenue, which there never is For example, I agree with libertarians and Republicans who claim that waste should be cut out of the system, but they often fail to extend this logic to the tax code and the tax credit system By eliminating tax exempt status for political organizations and religious groups, we would gain more than budget slashing would ever achieve
Comment from : mooseiah

How does not taxing in any way equate with "spending"? Would you say the government is currently "spending" $15 trillion - $3 trillion in actual spending and $12 trillion in "tax breaks"?
Comment from : Will Allen

Increase revenue to a 30 all-around fixed tax for all money made after the first 20-30 thousand with no deductions allowed Decrease spending in foreign aid, welfare, and on our politicians/political advisers By cutting the taxes underneath a certain amount, you can make it where nobody needs 3 jobs to support a family so welfare will become unnecessary in people who are able to work
Comment from : Junoh Productions

Social Security doesn't add a dime to the deficit and saying that it does is a lie
Comment from : jackpotjonn

Also if bush did not spend other people's money on tax cuts healthcare would be more affordable
Comment from : asdf

Of course it did that's why obama won't let the rich people have any more money when they got all that money that they are not using, it isn't going anywhere
Comment from : asdf

No they barrow from it yea you give money to the government and it does whatever it wants with it and you will hopefully get it back proble
Comment from : tonydeadlock

Why? In total or in part? What solution would you propose?
Comment from : Michael

incorrect it was not an accusation rather pointing out the obvious in fact the tone of the video was to point out the obvious not to offer solutions to each problem perhaps a cursory view of our budget will allow you to see what the video is sayingcome on dudeyou have Google Research Video is 100 accurate
Comment from : Michael

What kind of eldritch fantasy-land to you hail from?! Look at a budgetary pie-chart that DOESN'T add past and future defense spending to the statistics, AND counts Nondiscretionary spending Do that and you'll see nondiscretionary (mandatory) spending is 63 of our annual budget, a huge chunk of that is social welfare programs like medicare and social security Each of which are running unfunded liability deficits larger than the economy of the Earth Sources: OMB and usdebtclockDOTorg
Comment from : Emperor Ing

we can lower spending on health care by changing what we say is healthy food if the government tells people that plant based foods are better, less people get sick
Comment from : Liam Hughes