Federal Budget 2012: What you think
President Obama's proposed 2012 budget is set for release on Monday and many of you shared thoughts on what it should include. Check out some of the highlights below:
Increase the taxes on the filthy rich to a level prior to the Bush tax cuts. -- Andrew Morgen
I'm with the $100B bunch and more. I'd like to see an across the board cut. With a long term plan to conrol our single largest expense "Federal Pensions". Getting those costs in line with private industry would cut them in half eliminating the current deficit. -- Kevin Cox
Simple: Set the US budget at 15 percent of GDP by amendment. -- Don Belcher
Congress should address reforms in Social Security and Medicare in addition to tax increases. They should get serious about working on the recommendations of the Deficit Reduction Committee that Obama appointed. They should do what's necessary to get us on a fiscally responsible track and do what's right for the country rather than placing their re-election objectives as their top priority. -- Ron
1.) Cut $150 billion from defense.
2.) Raise taxes on the rich to 1960's levels
3.) Cut Congressional budgets in half
4.) Restore (and increase) the alternative minimum tax on corporations and the rich
5.) Cut Federal aid to school systems that teach creationism and/or have prayers in school
6.) Eliminate tax exemptions for any religious body that gets involved in politics or sues people for copyright infringement.
7.) Increase luxury taxes
8.) Eliminate any deductions for second, third, fourth, etc., homes
9.) Tax 100% of the income of corporate officers who make 40x the lowest wage earner in the corporation (including contractors).
10.) Tax any nuisance or SLAPP suits by 100% (before they even get to court).
11.) Stop buying nude-o-scopes for airports!!!!
12.) Eliminate high paying SES positions in government. Grade 15 is plenty.
13.) Cut 50 percent of political appointees in government.
14.) Eliminate contracting jobs in government, and make them government jobs.
15.) Tax banks for any credit card rates above 10%
Of course, none of these suggestions will fly. -- Sandy Stewart
In order to fix the problem, everyone has to give up something. The Republicans have to give up their misguided belief in reducing taxes as the panacea for all problems and the Democrats have to look at what governmental programs are cost-effective. Social Security is easily fixed if both sides of the aisle stop pandering to their bases. If you simply raise the retirement age to 70 years for people currently in their childhoods and early teens and increase the amount contributed into SS by those making between $106,000 to $185,000, we fix the problem. But, that would mean confronting the anti-government ideologues, who are still fighting the New Deal and FDR and actually saying something positive about a government program that nearly eradicated elderly poverty. -- Anne
I would like to see a 10 percent to 12 percent budget cut for every program and every agency across the board. I think this can be done by cutting back on programs and looking at every expense. Most people can save 10 to 12 percent on most expenses at home by looking at every expense and then cutting. Our government should be able to do the same. Cutting staff should be the last thing looked at. -- Melinda Barlow
An across the board cut by at least 5 percent to 10 percent this year and deeper, 50 percent, in foreign policy handouts. -- Richard Ondo
There is a large number of federal employees retiring in the next five years. Freeze these job openings and start consolidating like agencies to become more efficient and reduce costs. Start wittling the large amount of police and intelligence agencies such as FBI, DEA, ATF, etc. -- Jeff Lucchesi
I'd like to see either the Cost of Living increase returned to SS recipients or a return to the lower Medicare Part B premium. I have not had a COLA increase in my SS or Navy retirement since 2008, although Federal Civil Service and Military Personnel have. Between the new Medicare Part B premium and the new income tax rates I've just taken a $147.20 cut in my retirement income. -- Jim Doran
There need to be pay cuts in the federal, state and local government employees (upper and lower). There will be lots of screaming and crying, but it needs to be done. The private sector has been doing this for years and it works. -- Jim Hunt
Eliminate Department of Education and Energy completely. Cut all bureaucrats from ALL departments 10%. Defund EPA 50%. No Federal worker gets paid an amount over national average for non federal work force. That's just a start. -- Stephen W. Cooper
Here are a few of the big dollar programs which are no longer necessary:
Subsidies to the oil and gas industries
Subsidies to the ethanol industry
Foreign aid to friendly governments - reduce
Foreign aid to hostile governments - eliminate
Totally re-write the federal tax code - and simplify! Establish across the board spending cuts on EVERY agency, program, including Social Security, Medicare, Medicaid, the military, etc. Root out the hundreds of smaller programs which have been around for ages and which accomplish virtually nothing. Eliminate them entirely. With expenditures of 1.5 trillion, it is axiomatic that there millions and billions of dollars which can be cut WITHOUT adversely affecting essential programs - waste, mismanagement, duplication, gross inefficiency et. al. Pass the proposed 28th amendment !! Y'all take care. -- Ernest Ward
I believe the Department of Education should be closed and the states should be responsible for the education of their people. States that pursue excellence will get investment by industry that will move to their states. Bring ALL military home and place them in 4-5 bases on our borders with Mexico. This would help the economy in those areas while effectively stopping the drug war from encroaching on our country. People in U.S. don't realize it is here now. I live in the McAllen, Texas area and there are killings and kidnappings daily in this area. We still have thousands of troops in countries from WWII. Insane. -- Jim Donlon
RELATED: Full coverage of Federal Budget 2012
| February 13, 2011; 5:00 PM ET
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