Originally Posted by D VTR RIDER

I will garanty you that our health cost is substantially lower than what you pay through corporations and government, however if you are happy with your system, then by all means keep it.
I wouldn't care one iota about what happens south of the border except the fact that the US is our biggest trading partner and vice versa and therefore when you get a cold, so do we. In fact the whole world does. That importance is slowly changing and other parts of the world such as China, India, Brazil, etc are becoming more and more important to the global economy hence why countries such as ourselves are looking at those areas for exports. So instead of a north south relationship we ware looking more and more in an east west direction. Our oil exports have been all to the US but that may change if they decide to build a a pipeline to our west coast and that may happen sooner than later if approval isn't given to the Keystone pipeline.
The US needs to get out of the mess their in and I can't see that happening without a combination of tax cuts and tax increases. You can't possibly cut spending enough now to get to a balance budget. A country such as yours couldn't take that much pain.
Reaganomics works for a short period of time but eventually once the stimulus is over, you are in a worse predicament. Over the last 15-20 years your government has repeated tried this. The latest was the tax breaks for the rich under Bush. I'm sure his buddies are still toasting him, while the other 90% of the populace being squeezed. Buffet knows this, yet people think he has something to gain. In fact he probably does. He know that if you don't get out somehow, his net worth is going to go down or option 2 is that he simply cares about what is happening knows what it is going to take to make things better for the collective good of the nation.
If you think I like taxes, think again. I'm in a healthy bracket and would like to see our governments cut back again until in a slight surplus again. I firmly believe in balance budgets at all times except during recessions, however the other years should have a surplus. If collectively as a nation we want more services from our government, then collectively we have to pay for it. All countries have to hit a balance that they can live with. At the moment, the US is the third least taxed nation so its fair to say you aren't overtaxed. Perception and reality are always different.

Originally Posted by autoteach

I am not sure how I am over generalizing. I just think that if these banks needed to be bailed out, rather than tax dollars going directly to them without oversight, they could have atleast bought off the loans, nuke the papers, and let the people start spending the money into the economy. What would you do if you had an extra 15k?

Originally Posted by RK1

Top marginal income tax rate in Canada is 29%. In the U.S. even with the so called "Bush tax cuts" it's 35%.

U.S. corporate income tax is 34%. In Canada it's 18%. Reaganomics works. Canada proves it.

The U.S. problem isn't too little tax revenue, it is the outrageous and obscene level of federal spending.

There's more to it than that, of course. Canada has a much more homogeneous population. You don't have 35+ million people descended from slaves who tend not to do as well. Your immigration policy tends to favor people capable of producing more than they consume. America's favors welfare eligible fifth grade drop outs from the third world.

Originally Posted by RCVTR

Here's the basic truth about debts and deficits. It is really quite simple:


The 'Cut, Cap, and Balance' Fraud by Ron Paul