Published: Tuesday, July 1 2014 3:20 p.m. MDT
IS this perfectly harmless or is it going to come back and bite us bad?
We really need to get rid of Reaganomics ASAP.Reducing taxes for the
highest earners was supposed to create jobs.Where are the jobs?Let's learn from our mistakes and double taxes for the top bracket
. . . like they were in pre-Reagan days . . . when we spent on much needed
infrastructure and other good causes and STILL balanced the budget because we
had enough REVENUE.
barack has added as much to the national debt as almost all past presidents
barack promised he'd cut the deficit in half in his first term.He increased it.
@GaryODo you understand you can not spend more than you bring in.And you cannot continue increase taxes on the people and expect a
healthy economy.The need to n be responsibility in spending. The
people money should be considered sacred. Handling the people's money
should considered a sacred responsibility. Spending is done for too
thoughtlessly.in And taxation is bringing plenty of money.
more taxes is not needed. Proper and scared handling is what is needed.We do not need the government to do more for us.
Couldn't agree more with @GaryOArticle seems disingenuous as it
doesn't accurately discuss what has happened over the past 8 years.
President Obama inherited 2 unfunded wars that finally got put on the accounting
books. Deficits are still high but are finally going the right direction.
jbiking,The 2 wars Obama funded were designed to keep America and
our society safe. Without war against the Taliban, disrupting al-Queda, killing
bin-Laden and chasing terrorists to Europe, Africa and elsewhere, we would
certainly have suffered more attacks like 9/11. But since you
wanted to discuss what happened over the past 8 years, you should throw in cash
for clunkers, Obama's cronyism, such as Solyndra, huge financial bailouts
for banks by Bush and Obama, an extremely expensive Obamacare website, Obamacare
itself, extending entitlement programs,…We recognize both in
programs and the financial numbers that Obama has been a very expensive
@chris b its funny when it comes time to pass a budget conservatives
go on and on about how it is the congress that holds the press strings but when
it comes to finding blame for loose purse strings they want to blame the
president. @the truthyou get it half right we cannot
spend more then we bring in if we are going to do anything about the debt but
pretending that continuing to allowing the wealthiest americans to pay even
less taxes then they did under reagan is some how going to solve our revenue
problem is beyond reason, the idea you propose we stick with has been in place
more then a decade and has done nothing but push the debt up and forced more and
more people down and out of the middle class. Trickle down has never worked in
the past and it is not working now.
No amount of political spinning will change facts. Let's try to put it in
perspective. 1776 - 2014 is a total of 238 years. It took 233 years
to get to a point where our debt was 6.3 trillion. It took 5 more years to get
the debt to double. If we take this down to something we can understand, it
would the same as taking 23 years to get $60,000 in credit card debt and then
with a change of who controls the credit card, 1/2 a year to get another $60,000
in debt. It's unsustainable. It's shameful that
President Obama, the Democratic controlled Senate and the Republican controlled
house did not follow the bipartisan Simpson-Bowles commission. Until
Republicans voters start demanding that Republican elected officials get it in
their heads that there will have to be tax increases AND until Democrats voters
start demanding for cutbacks in spending in entitlement programs, we are doomed
to continue on this path. And if we fall, it will BE the Democratic voters
fault for not holding their party accountable and the Republican voters fault
for not holding their party accountable. Long Live Simpson-Bowles!
Not to worry. We have wonderful, powerful printers and we can print money
really fast now! We can hire more people to work to wrk at the mint. Job
Hey "The Truth" -“Do you understand you can not spend
more than you bring in".WRONG. Ronald Reagan and GW
Bush spent more than they brought in all the time. That’s why Reagan
tripled the debt and GW Doubled it. It’s called deficit spending, and the
Republicans are masters of deficit spending.“And you cannot
continue increase taxes on the people and expect a healthy economy.”WRONG again. Both Ronald Reagan and GW Bush shamelessly and
irresponsibly bought votes by decreasing taxes, and as a result, revenue was
much lower than it otherwise would have been.Bill Clinton, on the
other hand, raised taxes for the highest earners, enjoyed a booming economy and
balanced the budget four years in a row.Sorry, but your claims are
David -"Obama's cronyism, such as Solyndra, huge financial
bailouts for banks by Bush and Obama, an extremely expensive Obamacare website,
Obamacare itself, extending entitlement programs,…"Let's lend some truth to your distortions, shall we? Solyndra was an
investment in an American solar panel company that went belly up because it
could not compete with less expensive Chinese solar panels. We NEED to invest in
alternate energy and in our own nation. Yes, Solyndra did not work out, but that
doesn't mean we should give up on America. BTW Solyndra cost half a
billion dollars. That's one ten thousandth 1/10,000 of the estimated 5
trillion we've spent on GW's two wars already.911 and both
of the wars could have been avoided BTW, if GW had been performing the duties of
his office . . . instead of lowering taxes for his high rolling friends.Huge financial bailouts were necessary to keep this entire nation from
going belly up, and it's one of the few things GW Bush got right. Those
bailouts, BTW, were initiated during GW's administration.An
"extremely expensive Obamacare website??!" Compared to what? "Independently, the Sunlight Foundation estimated it cost $70 million . .
" . . . A pittance relatively speaking.
I don't think you can barrow from Peter to pay Paul. Retribution will come
when the the Piper want's to be payed.
GaryOBlaming Reagan for billions in national debt, when Obama has
added 7 trillion? Buying votes? Which is something the Democrats have done
all throughout American history. REALLY?You lose any credibility with nonsense
arguments like those. Reagan left in 1989. You want to have any credibility
with readers, then defend Obama raising the national debt by 7 trillion in less
than 6 years. Anyone and everyone reading this should go to debt clock. com and
watch the red ink pour out. Those are the facts. All else, by people like
GaryO, is just partisan politics. P.S. Hamath is correct. Obama
asked for Simpson-Bowles, then roundly rejected it. Not smart, and we will be
paying the price for the inept Obama for decades to come. And it's
technically on the shoulders of those of you who voted for Obama twice.
Let's all listen to what Senator Obama had to say about the rising
government debt in March, 2006: "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." So we got him. Just
talk. That's what we have in the White House. Any questions?
Please folks understand how the goverment operates, with revenue (taxes).
Revenues as a percent of GDP are the lowest since the 1950's. Currently we
are not spending ourselves into debt. We simply are not raising the percent of
revenues we have historically done in the past 60 years. The GOP is responsible
for this and the growing debt is not what BO is spending it's what the GOP
led congress refuses to collect. Our kids deserve better than this, vote the GOP
and the radical tea party out of office.
I read a report this morning about a poll taken by Quinnipiac University here in
the USA that was quite extensive covering each region in our country. It was
about who the worst president in the US since WW2 is. There have been 12
presidents covering 69 years.Barrack Obama was the winner of this
award, followed by George W Bush, who was 7% behind Obama. Nixon was third in
the balloting followed by Jimmy Carter in fourth. Obama's lack
of control of federal deficit spending was one of the reasons he was voted the
overall worst. However, there was other reasons given, such as Obamacare and his
@ FT and GaryO:I don't know where you two get your information,
but some of it is very skewed and unreliable. In actuality, we have been
collecting more money in recent years than at anytime in our country's
history. But our spending has been growing at an even faster rate with the size
of the federal government growing over 30% since Obama took office. War was
responsible for some of the earlier spending growth. But social program spending
is currently at an all-time high, which is to expected from Democrat policies
and their self-described agenda. Objective observers often refer to such
spending habits as buying votes. Do some reading and investigating
for yourselves rather than accepting info from a known ultra-liberal at face
value. There are multiple ways of skewing and interpreting data to make some
results appear different from what it actually is. It appears FT is now
playing that game. The government has relatively recently redefined what GDP is.
That skews recent GDP ratios when comparing to earlier numbers. It's like
comparing apples and oranges and can be very manipulative.Use independent
sources in your investigation and read the fine print.
Amazing how someone can be slapping you in the face, and you're blaming
people from thirty years ago.Has Obama improved this country in any
I thought our political leaders were to protect the people of this country.Are there any evidence of our commanders love for this nation?
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