Here's why politicians shouldn't be messing with the economy:One
trillion dollars divided by 70 million working Americans (unemployment
recipients included) equals $14,286 each.Multiply that times the
number of trillions the Democrats have increased the budget by and you have a
pretty hefty amount of money in the hands of spend-ready Americans.Talk about an economy booster!You can't SPEND your way into
prosperity.You CAN spend your way into a depression.Politicians, especially Democrats, don't get this.It's the very
reason why socialism doesn't work. It's too expensive. There are better ways to
take care of people. And none of them have to do with the federal government.
It's strange how people forget. When Obama was elected he came up with all
sorts of rosy promises and promised change. Then he proceeded to start spending
money as if there were no limit to it. Remember the bailouts and housing
crashes, not to mention the introduction of a near Socialistic government, no
cost of living increase for seniors and civil service retirees but rather a very
sneaky and last minute reversing of a tax cut and sky high increases in health
insurance rates? Remember the empty promises and the democratic congress and
president running amuck and ruining our country? How did the 4 trillion dollar
debt under the Bush administration turn into 14 trillion dollar debt under the
Obama administration? Remember the jobless situation? 9.2 percent of people are
without jobs right now and the economy simply is terrible. Anyone who believes
that the recession has ended has to open their eyes and look at the jobless
people, the high cost of everything including gas prices. Now we want more of
the same for four more years? Why would we want to? This inexperienced
president has had his chance. Can America stand any more punishment like this?
Re: cjbThe 14th does not do what your liberal media is telling you
it does."What part of debt above the debt limit is
"authorized by law?"The president has no authority to
borrow money. That power lies solely with congress per article I section 8 of
the constitution. Before 1917 when the debt ceiling was first instigated every
individual debt issued had to be approved by congress. Changing to a debt
ceiling did not transfer borrowing powers to the president.If
president Obama gambles on the liberal media's interpretation of the 14th, he
'Where did Obama's compassion go? The Republicans push ..... Obama's folds.' -
Rifleman | 7:22 p.m. July 11, 2011 You mean Obama offers
COMPROMISE. The Republican party, does not. Again. *'Memories of 1995 haunt GOP as shutdown talk grows' - By Charles
Babington - AP - Published by DSNews - 02/20/11 WASHINGTON Few
memories haunt Republicans more deeply than the 1995-96 partial shutdown of the
federal government, which helped President Bill Clinton reverse his falling
fortunes and recast House Republicans as stubborn partisans, not savvy
insurgents. And when talking about Medicare cuts and
'compassion'....? Look towards the Republican party:
*'Gov. Jan Brewer: No funds for transplants' - by Mary Jo Pitzl - Az Central -
12/11/10 *'Two Dead Since Arizona Medicaid Program Slashed
Transplant Coverage' - By JANE E. ALLEN - ABC News - 01/06/11
*'Budget cuts stop Phoenix man from getting new liver' - By Michelle Ye Hee Lee
- Published by USA Today - 11/17/10 Medicare, cut in Az. due to
Republican Jan Brewer: result? Two Americans, died.
Enter the phoniest actor ever. It has been said before here it is again. Proof
of an incompentent acting as the leader of the Country!He said as a
Senator whose tradmark was voing present: The fact that we are here today to
debate raising Americas debt limit is a sign of leadership failure. It is a sign
that the U.S. Government cant pay its own bills. It is a sign that we now depend
on ongoing financial assistance from foreign countries to finance our
Governments reckless fiscal policies. Increasing Americas debt weakens us
domestically and internationally. Leadership means that the buck stops here.
Instead, Washington is shifting the burden of bad choices today onto the backs
of our children and grandchildren. America has a debt problem and a failure of
leadership. Americans deserve better.
We are GREECE. You cannot build security with borrowed money - Abe Lincoln.Where is our Abe Lincoln, George Washington, Thomas Jefferson, or John
re Rifleman | 2:21 p.m. July 11, 2011 Salt Lake City, Utah "Obama is negotiating from a position of weakness and just doesn't have
what it takes".-----------Take a look at the 14th
Ammendment of the Constitution.
Obama, you should have thought about this BEFORE you increased the debt by about
5 trillion! And those trillions of dollars sure did a lot for the country,
didn't it? It didn't even make a dent in the economy! Next time, why don't you
try listening to the economic experts. Better yet, let there not be a
"next time" for you and let's get someone in office who knows the
Patriot, do you have data that shows Obamacare is guzzling tax dollars, as you
say? I don't even think Obamacare has taken effect yet, certainly not any parts
that are "guzzling" our tax dollars.
Someone care to intelligently explain to me why it wouldn't have been a better
idea to bail out every-day Americans instead of those institutions that caused
the problem?Had all that bailout money been divied up EVENLY,
regardless of payscale, to every working American (and maybe even to all those
on unemployment!), there wouldn't have been a financial crisis like we're going
through now. And many poor people would be helped (isn't that a lefty's
dream?).And, the very companies that needed bailing out would have
gotten so from those Americans who went out and spent their money on the things
they can't now get, such as cars, home loan payments (to keep from defaulting),
etc.It's obvious from what's transpired in Washington over the past
several decades (or longer) that politicians know ZILCH about the economy,
except maybe that it exists. They're not qualified to mess with it.And, adding to the national debt for social programs is prime evidence of
that. It hasn't worked in Europe and won't work here. Europe's financially
falling apart at the seems because of their socialism.Prosperity is
earned, not enforced.
One big issue here is a little guy named Grover Norquist (who runs a group
called Americans for Tax Reform) who has persuaded all Republican Congressmen to
check their brains at the door and sign a pledge to oppose and vote against all
tax increases. So basically, the world's financial system could be collapsing
around us... aliens could be attacking and asking for a small tax in exchange
for letting us live...(make up your own scenario here folks, it doesn't matter
what, or how dire, it is)... and they will not budge. Next time, let's
just send a bunch of pre-programmed machines executing predetermined commands
without any human thought process to Congress instead of bothering to send
Republicans. We will get the same value from them and nobody will notice the
Anyone who doesn't think that a combination of budget cuts and tax increases are
needed is afraid to face reality. The federal govt. can run efficiently by
eliminating some unnecessary oversights, but the cost to get there requires some
up front investments in improved systems.I would support a balanced
budget amendment provided it means we do not get involved in other countries
conflicts, the military budget is aimed at solely protecting US soil, tax breaks
called "loopholes" are eliminated, and we start paying the true cost
of all of the benefits that we receive, either directly or indirectly. And that
it includes an inflationary clause that allows the tax rate to fluctuate up to a
certain percentage each year based on revenue (taxes) collected by the govt.
re:IDCI have a better idea - CUT every ones individual income taxes
then CUT small business taxes then get rid of Obamacare - the ugly monster that
is guzzling all of our tax dollars like a 1972 Chev Impala guzzles gas. The
result - you have more $$ in your pocket to do as you please (instead of having
the fed's decide for you) and small business may just start hiring and expanding
"Brian" EVERYONE will be on Obamacare in two years so Pres. Obama
actually gave up nothing anyway.Just more "sleight of
hand" on the part of BOTH parties except that if Medicare age is raised and
Obamacare is repealed seniors WILL have to work an additional two years like you
Amazing that they talk about Republicans going after seniors while making no
mention of the fact that Obama offered to raise the age for Medicare from 65 to
67. That will leave millions of seniors forced to remain in the workforce for
an extra two years to keep their health coverage. What impact will that have on
the unemployment numbers?
Re: Pagan/Pagen | 2:33 p.m. July 11, 2011 "President Obama has
offered to raise the Medicare eligibility age from 65 to 67 as part of a larger
deficit-reduction package, a move sure to anger congressional Democrats who want
to exclude entitlement programs from the ongoing talks."Where
did Obama's compassion go? The Republicans push ..... Obama's folds.
We need a Balanced Budget Amendment NOW! Anything short of this is more
delusion and foolishness that will continue the bankruptcy agenda as perpetuated
over the years by both big-spending political parties.
Leadership. Got some.
Pagan- You're a one trick pony. I could use your own
"trick" against you but I am smart enough to know that the president
doesn't spend money, congress does.As for the rest of you, raising
taxes on the rich won't put a dent in the budget or debt. It is a leftist
attempt at redistribution of wealth. Let's get serious here. To save our
country we need to make cuts in every department including defense, entitlements
and education. We need to stop spending money we don't have. It is that
xscribe, you are right that a tax cut would not stimulate jobs at this point.
But unless tax increases are very specifically targeted to people who are just
holding on to their wealth, and used specifically to create new jobs in the
public sector, tax increases will not stimulate jobs either.
Why should it be necessary to raise the debt ceiling if cuts are going to be
made? How can you say you cut anything if you increase your debt to a higher
ceiling? That's the very opposite of of a cut. What's the point of raising a
debt ceiling if you don't plan on taking on more debt?
@Counter Intelligence: If cutting taxes is the way to stimulate jobs, then we
should be seeing some jobs by now, correct? Because there has been a tax
decrease in your Social Security, and the president left all the Bush-era tax
cuts in place. There has been absolutely zero increase in taxes under this
administration, the big corporation that Boehnner says need the tax loopholes
they injoy are still in place, yet no jobs are being created? Huh! Guess that
doesn't work after all. So, the fact that republicans won't budge on simply
getting rid of tax loopholes that only the big corporation enjoy and not the
rest of us smacks of greed to me!
I want to believe that it's only a coincidence that paying for the government's
financial obligations at this point would require the confiscation of pretty
much the entire nation's wealth. I want to believe that nobody planned it that
way, and I want to believe that our politicians have every intention of
reversing this condition. I want to believe that it won't require a violent
revolution to stop the government for putting any further financial burdens on
its citizens. It doesn't matter that they haven't raised your taxes yet. They'll
either tax you for it later, or they'll devalue your currency so badly that it
might as well have been taxes.
I will also point out, that even if an agreement isn't reached by August 2 that
does not mean a default. The Treasury controls payments on US debt,
not Congress. They have a number of powers at their disposal and several cards
they can play... and Geithner has already said that a default will not happen on
his watch. Congress can fight it out all they want, they can shut the whole
government down, but that debt will still be paid on time.
I have no confidence in our government's ability to compromise and solve the
spending/debt crisis.The ideal solution calls for massive cuts in
government spending along with hefty tax hikes... and neither party will agree
Normally, I'd support increasing taxes. But at the rate we are spending money,
as if we're not in a recession, I simply can't. Anyone who thinks we should
raise taxes, now, should not receive an increase in monies, unless folks want to
donate it to Obama's cause.
Re: williary, atlTEA (Taxed Enough Already) Party constituents are
screaming for deficit reduction through cuts in spending not in new taxes. And
as far as the crazy Tea partiers are concerned the debt ceiling should not be
raised at all so they are already compromising. Naturally Tea party
republicans are going to dig in their heels because they were sent to washington
for 3 main reasons: 1) Jobs 2) Stop and cut spending 3) Repeal Obamacare.The reality is the republican party is now split between GOP
constituents who protect business, corperate interest etc and tea party
constituents who primarily care about out of control government taxes, spending
and debt.Expecting the tea party backed representatives to put new
taxes and additional debt on the table is like asking democrats to put
entitlements cuts and making a portion of Bush tax cuts permanent on the table.
It just isn't goint to happen.
@viva"couples who make more than 250k aka small business
owners"The vast majority of small business owners don't make
Hello this is Obama Cash for Clunkers Bank, thank you for calling, my name is
Barry, how may I assist you?Well I have a $14 trillion limit on my
credit card and I need more credit so I can continue to spend and keep you in
business.....Cool...I can help you....how about we increase your
debt ceiling to $15 trillion and you can start paying us back in 3-10 years when
I am not longer the bank President.....Sound familiar?
Anyone who thinks that Obama is being fiscally responsible when he offers this
so-called 10 years $4 billion dollar cut in spending is fooling
themselves.....its all a big smoke screen.....What Obama wants is
more taxes to pay for his agenda that has not worked...its just more of the same
from this big govt, big spending Lib Communist...hope and change has lost its
appeal...America wants new leadership and the GOP is going to give it to them
and fast....Can't wait for 2012...... See above
"Speaking shortly before heading to the White House, House Speaker John
Boehner stood firm in his opposition to including tax increases.Do you
need to raise taxes in order to get control of spending? I think the answer is
no, he said."This about says it all. Liberals believe the rich
are evil (exempting themselves of course) and therefore provide a bottomless
well of tax money for liberal programs. Liberals also think capitalism is evil
(exempting their own private business enterprises of course) and believe (like
any good socialist) that the government is entitled to ALL - and I mean ALL -
your money. Get control of spending?? Say what?? Has Obama done ANYTHING EXCEPT
SPEND AND SPEND AND SPEND some more since taking office?? Spending is all this
man knows so telling him to cut spending is like telling an alcoholic to cut
back on the booze at the next party. Ain't gonna happen. Let's remember that the
2012 election season is upon us and Obama has plenty of liberal programs to fund
to keep his re-election chances alive so cutting spending is basically admitting
to defeat for Obama.
Make the cuts and raise everyones taxes if taxes must be increased. (over
poverty level) Everyone needs to suffer together for the country to stay
together. If you make 50k, you pay $500 more. If you make 1,000k, you pay
$10,000 more. Tax increases need to effect everyone. The rich already pay for
everything as it is. We all need to do our part.
There is already a big tax increase for the "rich" (couples who make
more than 250k aka small business owners) which already passed as part of the
ObamaCare bill, which will begin in 2013. I hope the Republicans
learned a lesson back in the 80s when a similar compromise was reached. Back
then the Democrats promised a 3:1 ratio for cuts to new taxes (they would cut 3
and raise 1). When it came time to actually implement it, the ratio was action
1:3 cuts/new taxes and Reagan realized he had made a huge mistake in trusting
the Democrats to keep their word.If any business or family had a
budget which had more spending than income, they would have to make some choices
and eliminate all non-essential spending as a start. It seems that they
government could make some pretty substantial cuts to their expenditures (cut
off all foreign aid, cut off all social benefits to non-citizens (especially
illegal aliens), reduce or end the life-time pensions and health benefits paid
to retired Federal workers and politicians).
fitness freak seems to be from the school of when things are going poorly dig
your heels and dont compromise even if the policies of the past have failed to
deliver. while I agree the stimulus packages where not effect and services need
to be cut the tax cuts for the rich and corporations have also been a dismal
flop. It is time to put everything on the table, now is not the time to dig in
heels by either democrats or republicans.
Sorry Rifleman, not this time. Obama turned the tables when he through out the
$4 Trillion huge deal. How can Republicans turn back when he is offering
exactly what they and their Tea Party constituents have been screaming for? It's time Republicans took a seat at the big boys table. As Pagan said,
they all voted without instance to raise the debt ceiling 7 times during the W.
era. Now they've vowed to not raise it again unless significant cuts to the
deficit are pledged.We'll those cuts are on the table. Time to be
an adult after spending the last 3 years pouting and putting up road blocks to
everything Obama has tried to do. If this doesn't go down, polls are squarely
showing the blame will sit with Republicans.The Republicans games
are draining on Americans. Obama has put cuts to Entitlement programs on the
table, in exchange for closing ridiculous tax loopholes that only the wealthy
can take advantage of. He's given some, while offered huge deficit reductions.
Grow up and take the deal.
We've "compromised" our way to 14 trillion in debt.Obama
should quit baiting the Republicans and just get to CUTTING his budget.HE'S THE ONE who spent 800 billion on a "stimulus" .......that
didn't.He's the one with the goofy "cash for clunkers"
program.He's the one who forced the budget busting
"Obamacare" on the nation. He could always cut THAT program.Republicans HAVE a budget and they shouldn't "compromise". Obama is
the one who couldn't pass a budget even when he controlled both houses of
That's how compromising works, you give some, we give some, and then progress is
made. Unfortunately Obama is working with children.
After sitting on the sidelines for 2-years Obama says he'll 'reject any stopgap
extension'? When push comes to shove he'll fold just like he did when he pushed
Israel on negotiations with the Palestinians. Obama is negotiating from a
position of weakness and just doesn't have what it takes.