paganRegan would not have pushed our debt to 20 trillion. Thats a
silly argument. We are at an unsustainable point. I'll betcha that the
interest on the debt over a one year period will be what Regan spent in one year
total.We have a major spending problem and some Americans want to revisit
the miniscule amounts of the past (compared to today)
'I cannot believe you are still trying to say BO is better at deficit control
than bush.' - lost in DC | 12:02 p.m. I did not say that. That would be foolish, both have debt. And, since you have
admited that Bush was, if anything, just as bad (at least until this point) than
Obama with debt... why do you feel that the Republican party, George
W. Bush's Reupublican party... will somehow 'erase' that debt? No, really. I want to know why you think Republicans will do 'better'
with debt... when Ronald Regan factually tripled the national
debt. For Obama, to be ON PAR with Geroge W. Bush and national debt,
he would have to add $10 trillion dollars. (Double it) Ronald Regan? Add
$20 trillion dollars. (Triple it) I cannot believe you are trying to
imply that Bush was better at deficit control than Obama. When Bush
doubled the national debt.
Springvillepoet,the too-big-to-fail "rescue" facilitated by the
bush administration (bank stock purchase) will MAKE money for the treasury. the
part of TARP BO directed, automaker bailouts, will LOSE money. Blaming bush for
a problem there is inaccurate.Dodd-frank, supposedly designed to end
too-big-to-fail, is a failure in that regard. Right after its passage, credit
ratings for regional banks fell, while they stayed high for technically
insolvent mega-banks. The markets clearly recognized too-big-to-fail still
exists.as for deregulation, much of the problem was the admitted
failure of clinton's treasury dept to regulate derivatives in 1997 and barney
frank's insistence in 2004 that fannie and freddie were not taking ENOUGH risk
making financially irreponsible people homeowners. dem senators ALL voted to
not regulated FHLMC & FNMA.Pagan,time it took bush to
accumulate $4 trillion in debt - 96 months.time it took BO to accumulate
$4 trillion in debt - 26 months.Average bush deficit with repub congress -
$470BAverage bush deficit with dem congress - $767BAverage BO
deficit - $1.9 trillionI cannot believe you are still trying to say BO is
better at deficit control than bush.
'If the Republicans fail to stop this insane spending, America will fail with
them!' - Mountanman | 7:25 p.m. No. It won't. Because you didn't 'fail' them the 1st time. *'Republicans
promise $100 billion in spending cuts' - By Andrew Taylor - AP - Published by
DSNews - 02/10/2011 *'How the House GOP promise to cut $100b became
$32b' - By Luke Russert - NBC - 02/03/11 And how EXACTLY did the
Republicans do from '01-08? *''Audit: US can't account for $8.7B in
Iraqi funds' - By Tarek El-tablawy - AP - Published by DSNews - 07/27/10Line:'The funds are separate from the $53 billion allocated by
Congress for rebuilding Iraq.' cut $4 trillion? That would make
it.... even. *'Bush Administration Adds $4 Trillion To
National Debt' - Posted by Mark Knoller - CBSNews - 03/04/10
Line:'With no fanfare and little notice, the national debt has grown by
more than $4 trillion during George W. Bush's presidency.'
And now Obama announces that he will seek re-election.....
@Rifleman:I am a Liberal in social issues, but pretty conservative
in fiscal matters.1. A lot of that 3 Trillion of debt under Obama
was him finishing the deal Bush made with corporations "too big to
fail." Why do they get to be socialists when the rest of us cannot have
good health care?2. If Congress (both Dems and the GOP) would have
forced the tax rebates to expire on the top 2% of the U.S. in terms of income (a
3% raise), it would pay for all of the cuts they say we need now to fix our
problems.3. A lot of our 14 Trillion in debt, created in the past
10 years was because we went into Iraq under false pretenses, instead of
concentrating on Afghanistan.4. A big part of the financial crisis
was due to Clinton and Bush deregulation the Housing market and Stock Market.President Obama has fallen short of a lot of expectations, but let's put
the blame where it belongs.
One more question why do we allow, private banks to PROFIT from our debt?The federal reserve is not federal and it is not a reserve. This
means that wealthy individuals from Europe and the US profit from Americas debt.
You can debate allot of issues but that is the root of your problem right
there.I'm proud to be an American, lets get back to what the USA
once stood for.
Getting rid of foreign Aid is a great peice of the puzzle. How can we take care
of others if we can't take care of us first. Why does the US give 3 billion to
Israel each year? Please answer that for me? Like a plane put on
our oxygen mask then the worlds.
"Talk about income redistribution - take from poor old granny's Medicare
and give to the Kennedy's, the Rockefeller's, the Trump's, the Buffet's, the
Bush's, the Johnson & Johnson's of this world."When every
voter in this country is paying income taxes, we can talk about wealth
redistribution from the the poor to the rich. Until then, let's have some
reality.I'm not rich by American standards. I work hard to provide
for myself and family. I've been blessed, and I am generous with my own money
to the tune of about 15% of my gross annually. I also give my time in service.
I've been blessed, but I work hard too.And I'm tired of seeing more
than 25% of my gross income taken before I even get my check and then having
"poor" people who "can't afford" rent, or power or food get
subsidies even as they drive new cars, carry fancy cell phones, eat out and
vacation.Our lowest tax rate is now negative: people get paid just
for filing taxes.That is wrong. Everyone should pay an
Do you guys realize our debt problems could be solved in a few short years with
out raising taxes and without reducing spending?All America has to
do is change how money is introduced into the economy. Currently, money is only
introduced into the economy buy going into debt. If the government or American
citizens did not go into debt then there would not be any money.The
government could simply issue debt free money into the economy. We wouldn't owe
federal taxes and we wouldn't be having talks about eliminating vital programs.
Again, before cutting domestic programs, get rid of foreign aid. You can't help
others if you don't take care of yourself first, the old flight analogy if your
air mask drops down.
Same old GOP... those subsidies they would provide to the elderly won't be
nearly enough to pay for a private insurance program. You know why? Because it
wouldn't reduce the deficit if it didn't.
Way to go repubs with tea party folks pushing from behind and pulling from
ahead. If you keep keeping promises our country might have a fighting
chance.What will the dem demigogs say about this foolish political ploy of
trying to be fiscally responsible? Stay tuned...
Not good enough. We want a balanced budget. Spend less than or equal
to what you bring in. It's insane that we allow our Government to spend more
than what is brought in each year. In my house we spend less than we bring in
because eventually nobody will want to loan us money. Hello Ameria....eventually
that will happen too. Eventually nobody will buy the paper money you keep
printing. Then what will happen to America? Sometimes we ask God to
save us from a situation. Maybe we should be asking God to save us from
ourselves? Because we only have ourselves to blame for electing these officials
year after year who keep spending like there is no tomorrow. Wake up
fellow citizens and demand that your representatives actually represent you and
the future generation. Demand they protect our fiscal future.
It is to be commended that the Republican Party is taking on Medicare, the
political sacred program that,however, significantly contributes to the Federal
Budget Deficit. By taking this political gamble, it demonstrates that not
everything the Republican Party is about capturing votes and getting re-elected
as opposed to really caring about what is happening to the federal budget
deficigt and its impact on future generation of this Country.
Imagine that! Politicians doing what they were elected to do! If the Republicans
fail to stop this insane spending, America will fail with them! What will the
Democrats do? Parade of victims as usual! The solution is like it always has
been; do what you have to do to be self reliant! You may have to work two jobs
(like I had to do for many years) to pay my own bills!
Whats wrong with Medicare?An elderly lady who has been in poor health for
years tells her family that she is going to die and wants to do so at home. She
becomes unconscious and her family calls for an ambulance. She is taken to the
hospital and put in intensive care. Heroic measures are taken by the hospital
staff and she regains consciousness. Her kidneys shut down and she is placed on
dialysis. After 8 days in intensive care she dies. The costs are in excess of
$50,000. The hospital says they had to do what they did or face a law suit. I
dont believe it but if it is true then lawyers are the ruination of our country.
They are literally bankrupting our nation. But if the hospital is simply
running up the tab for profit, as I am inclined to believe, then they are to
blame for most of our budget problems. This scenario is not an isolated or rare
incident but as common as the cold. What is the solution?
Seeing as how we're $14 trillion in debt, $3 trillion of which Obama has racked
up in 2 years, I don't think $4 trillion over 10-years is going to do the
trick.That's like trying to bail out the sinking Titanic with a