Originally posted by wittywonka
What's your take on Obama's recent offers to include cuts to entitlements in exchange for ending certain tax loopholes?
Naturally, you need to reduce the big three which are defense, social security, and medicare. In addition, more revenue needs to be raised.
As for tax loopholes, I would be in favor of a corporate flat tax as well as a personal one. Just throw the entire tax system into the deepest and darkets recess of hell you can find along with the IRS.
Of course, progressives will not do this. That would limit their influence over people like GE who payed no federal taxes last year.
However, it is my guess that Obama knows which tax loop holes the GOP is unwilling to sacrifice, thus he is using it to create division and scare social security recipients that those evil Republicans will cut them off.
If the object of the game is to reduce debt, then I would thnk that the President would take what he could get. For example, part of me was hoping that the Democrats would slash defense spending dramatically when they were in power. However, they did the opposite by increasing it.
In short, if Obama thinks that entitlements need to be decreased, he should do it with no strings attached. The only other conclusion would be he would be doing something he does not believe in just so he can raise taxes. In fact, the Dems had ample oppurtuinty to raise taxes themselves when they were in power, did they not?