Eevryone sugar coating it, but everyones dumping investments tied to the dollar. Investers no longer have confidence the US can ever recover from its downward spiral so long as we have a president and a senate hell-bent on NOT cutting the deficit.
> Eevryone sugar coating it, but everyones dumping investments tied to the dollar. > Investers no longer have confidence the US can ever recover from its downward spiral > so long as we have a president and a senate hell-bent on NOT cutting the deficit.
Thrice problemos here.
1) Both sides will NEVER agree on what to cut because a bi-partisan system is stupid.
2) They lose voters when they cut things because people get stupid when they are angry.
3) The "meat" of the cuts would have to be military in nature. Ain't never gonna happen cause the world is stupid.
Manage to solve those three quandaries, and you have yourself a budget. I'd start with removing the stupid.
ECONOMIC ARMAGEDDON! we gotta build terminators to stop this crisis.
I’m convinced Mario is a hobo.
He wakes up everyday in the same clothes, runs around in sewers, and collects coins for a living.
At the end of the day, he uses the coins to buy mushrooms
Ah, Kasich and the Oompa Loompa...Ohio produces such fine legislators...and now Kucinich is probably going to lose his seat...it just gets better and better.
> > Bernanke crawled out of his cave and saw his shadow and then told some people about > > it.
Some dude in a Porsche caused a head on collision near me last Saturday. He was traveling east in a west bound 4-lane highway. Killed 2 people, 2 others in critical. Some reports say that he was throwing money out of the window in eastbound lanes minutes before the crash, and used an emergency vehicle turn around to get into the westbound lanes.
[Experts say the downgrade by itself shouldn't matter, that it was expected and that the United States still has a strong credit rating.
But the market wasn't buying it. "Investors are having one reaction to the downgrade: sell first and ask questions later," said Paul Zemsky, head of asset allocation with ING Investment Management.]
> [Experts say the downgrade by itself shouldn't matter, that it was expected and that > the United States still has a strong credit rating. > > But the market wasn't buying it. "Investors are having one reaction to the downgrade: > sell first and ask questions later," said Paul Zemsky, head of asset allocation with > ING Investment Management.]
Because the best thing for them is to trade shares for dollars.
I love how the white house is blaming the down-grade and market slide on the tea party. No, Mr. President, it's your refusal to follow their advice that is killing America (this goes for Boner and Reid too). If the country is insolvent, it's nothing. Literally. If you think the cuts will hurt... do nothing and see how much a worthless dollar hurts. No social program, military program, entitlement, or stimulus has any value backed by a worthless dollar. It's not like you haven't been hearing these messages for a while... but the predicted outcomes are coming to fruition... QUIT SPENDING AMERICA INTO OBLIVION! It IS that simple.
I love David Ramsey's illustration of the situatuion:
Quote: If the US Government was a family making $58,000 a year, they'd be spending $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand. —Dave Ramsey
Another gem of his:
Quote: If broke people are making fun of your financial plan, you’re on track.
Unfortunately, the average voter is broke and overburdened by debt themselves, and that's where we are.
If you voted for Obama in '08 to prove you weren't a racist... in 2012 it's time to vote for his opponent to prove you're not stupid.
I love this quote "It's a recession when your neighbor looses his job, its a depression when you loose your job, and it's a recovery when Obama looses his job."
> If the US Government was a family making $58,000 a year, they'd be spending $75,000 a > year, & are $327,000 in credit card debt. They are currently proposing BIG spending > cuts to reduce their spending to $72,000 a year. These are the actual proportions of > the federal budget & debt, reduced to a level that we can understand. —Dave Ramsey
I get the hate over the lack of cuts. They could probably do more. Keep in mind though, each dollar they cut ends up coming out of the pockets of real people anyway. The money cut is coming out of salaries and whole jobs, grants that would have brought jobs, and keeping people healthy enough to stay employed. We could wipe out most of the funding to every social service and it wouldn't matter much to the overall deficit.
Military, social security, unemployment, and medicare. Those make up nearly 70% of the governments expenditures. Those are the only places that cuts will be worth a damn. Cuts in those areas will never happen. Doesn't matter who's the president, who controls the senate.
> > If the US Government was a family making $58,000 a year, they'd be spending $75,000 > a > > year, & are $327,000 in credit card debt. They are currently proposing BIG spending > > cuts to reduce their spending to $72,000 a year. These are the actual proportions > of > > the federal budget & debt, reduced to a level that we can understand. —Dave Ramsey > > I get the hate over the lack of cuts. They could probably do more. Keep in mind > though, each dollar they cut ends up coming out of the pockets of real people anyway. > The money cut is coming out of salaries and whole jobs, grants that would have > brought jobs, and keeping people healthy enough to stay employed. We could wipe out > most of the funding to every social service and it wouldn't matter much to the > overall deficit. > > Military, social security, unemployment, and medicare. Those make up nearly 70% of > the governments expenditures. Those are the only places that cuts will be worth a > damn. Cuts in those areas will never happen. Doesn't matter who's the president, who > controls the senate.
Maybe we should just eliminate social security payments. I don't really see old people and/or the disabled rioting like they are in England.
I think everyone who hates the fact that the debt ceiling has been raised and dislikes President Obama for it should actually vote for Presient Obama in the next election. Whoever is President in 2013 will have to preside over another debt ceiling increase, and it would probably be better for those people if it was President Obama doing it instead of the guy (sorry Bachmann, you're too nuts) they wanted to vote for.
> Keep in mind though, each dollar they cut ends up coming out of the pockets of real people anyway. > The money cut is coming out of salaries and whole jobs, grants that would have > brought jobs, and keeping people healthy enough to stay employed. We could wipe out > most of the funding to every social service and it wouldn't matter much to the > overall deficit.
Where do the dollars they DON'T cut come from?
They come from the pockets of real people, tomorrow.
There will be a point when debts must be paid, it's better to chop off a hand all at once than cut it off an inch at a time until the arm's gone with it.
> Maybe we should just eliminate social security payments. I don't really see old > people and/or the > disabled rioting like they are in England.
They wouldn't need to riot. Anyone who suggested such a thing would be thrown out of office, posthaste. Baby boomers are an enormous voting bloc, and are either currently collecting or will be very soon. They paid in their whole lives, and now they want their piece of the pie. That's the problem with the whole scheme, there's no way to end it without whoever is at the bottom of the pyramid getting screwed.
> > Keep in mind though, each dollar they cut ends up coming out of the pockets of real > people anyway. > > The money cut is coming out of salaries and whole jobs, grants that would have > > brought jobs, and keeping people healthy enough to stay employed. We could wipe out > > most of the funding to every social service and it wouldn't matter much to the > > overall deficit. > > Where do the dollars they DON'T cut come from? > > They come from the pockets of real people, tomorrow. > > There will be a point when debts must be paid, it's better to chop off a hand all at > once than cut it off an inch at a time until the arm's gone with it.
Logical flaw.
The "Cuts" they make "Today" will most likely result in the termination, or non creation of Jobs. Jay-oooh-beee's. In english, they will result in the end of a money money pipe.
The increased "Taxation" they make "Tomorrow", while resulting in decrease in personal spending ability, will not directly end a money pipe into the coffers.
The third option, one they chose not to employ, would have been to not spend more than they were taking in.
Figure the numbers any way you want, that is the way it hits Joe the Plummer. Call him and ask. I'm sure he needs something to do.
>The "Cuts" they make "Today" will most likely result in the termination, or non creation of Jobs.
Right. No one said the cuts won't have a near-term pain. But we need to shrink government, get society OFF the government doles and into a private sector economy again. As it is 70% yes 70% of Americans depend on the government for their livelihood, be it government jobs, pensions, welfare or what have you. It's the largest government sector employment/support of American society EVER. That means only 30% of society is actually in employment which contributes to the GNP... unless your take your argument all the way out and prefer that we are a socialist society where the government is the source of all industry and jobs.
Ronald Regan spent a trillion dollars in a stimulus package when he took office during a recession too. Except he didn't rely on Government to make jobs, he relied on the Private Industry. He did things to help private sector growth... cut taxes from a top bracket of 70% down to 30%, cut corporate taxes, cut government regulation and bureaucracy... gave free enterprise the freedom to breath and flourish.
2 years later America had a legendary great period of productivity and prosperity.
2 years later Obama has us on the brink of disaster, high employment, a weak dollar, a credit problem, and the trend is spiraling downward like a toilet in mid-flush.
Whats the difference? The government doesn't produce anything. Government just consumes, and extremely inefficiently at that. Growing the government to "create jobs" is a house of cards supported by a smaller and smaller productive slice of society who pays for it all in taxes. Private industry makes things... productivity... contribution to the GNP... what a free-enterprise (not a federal or socialist) economy runs on. We currently have the largest corporate tax rate in the world... massive expensive bureaucracies up the wazoo, crippling requirements on business, entitlement programs already past unsustainable, all of which is crushing free enterprise, and no plan to change the trajectory until it implodes... some argue it IS imploding.
> Right. No one said the cuts won't have a near-term pain. But we need to shrink > government, get society OFF the government doles and into a private sector economy > again. As it is 70% yes 70% of Americans depend on the government for their > livelihood, be it government jobs, pensions, welfare or what have you. It's the > largest government sector employment/support of American society EVER. That means > only 30% of society is actually in employment which contributes to the GNP... unless > your take your argument all the way out and prefer that we are a socialist society > where the government is the source of all industry and jobs. > > > Ronald Regan spent a trillion dollars in a stimulus package when he took office > during a recession too. Except he didn't rely on Government to make jobs, he relied > on the Private Industry. He did things to help private sector growth... cut taxes > from a top bracket of 70% down to 30%, cut corporate taxes, cut government regulation > and bureaucracy... gave free enterprise the freedom to breath and flourish. > > 2 years later America had a legendary great period of productivity and prosperity. > > 2 years later Obama has us on the brink of disaster, high employment, a weak dollar, > a credit problem, and the trend is spiraling downward like a toilet in mid-flush. > > Whats the difference? The government doesn't produce anything. Government just > consumes, and extremely inefficiently at that. Growing the government to "create > jobs" is a house of cards supported by a smaller and smaller productive slice of > society who pays for it all in taxes. Private industry makes things... > productivity... contribution to the GNP... what a free-enterprise (not a federal or > socialist) economy runs on. We currently have the largest corporate tax rate in the > world... massive expensive bureaucracies up the wazoo, crippling requirements on > business, entitlement programs already past unsustainable, all of which is crushing > free enterprise, and no plan to change the trajectory until it implodes... some argue > it IS imploding.
I'm all_in on the idea that government isn't run correctly, inefficient, under productive, etc. However, you ~can't~ compare Regan and Obama here. Regan had a situation that was fixable. Any president elected in '08 was walking into an economic death sentence.
One might even argue that the tax breaks and deregulation of the Regan era were the seeds of our current issue.
Anyone not blinded by all the other government issues in the last 10 years has seen this coming. And it's going to get worse, might not get better anytime soon.
> Anyone not blinded by all the other government issues in the last 10 years has seen > this coming. And it's going to get worse, might not get better anytime soon.
But all we have to do is vote GOP in 2012 to fix this, right? I mean with the brilliant crop of candidates they've fielded so far, any one of them should have this licked in the first year.
> > Anyone not blinded by all the other government issues in the last 10 years has seen > > this coming. And it's going to get worse, might not get better anytime soon. > > But all we have to do is vote GOP in 2012 to fix this, right? I mean with the > brilliant crop of candidates they've fielded so far, any one of them should have this > licked in the first year.
No. Most of the GOP are no better than the Dems when it comes to making actual cuts. You need the people who want to, yes, destroy government jobs. Including the ones they get elected to, if it comes to that. Most of the people that need electing are actually GOP, but not all.
Of course any proper fix hurts. That's what I said. Programs need to be shut down, and there aren't many out there willing to say or do that, because it turns too many Voices against them.
Stop sending billions over seas. Stop funding corrupt foriegn goverments, stop meddling in libia. How much have we saved rite there? gotta start somewhere. then lets stop the hiways and bridges to no-where here. Lwra demand that school teachers, college professors actually teach kids and lean them towards a higher education. lets fire the teachers and prof's that arent living up to those standards instead of letting them hide behind the teachers unions and tenor. We spend more on schools per child than just about any country only to better protect the teachers instead of the students.
Lets stop letting japan, china, etc. bring goods in to this country wil litte to no tarrifs,and then charge enourmouse amounts to companies here trying to ship overseas.
If it comes into this country then we should be allowed into that country too. Lets close up the loop holes for overseas companies that deal in the u.s.
Seen that first hand. When the suzuki samaris first hit the country they were shipped with the back seat lose this way they paid taxes on a utility vehicle like a stripped van. then they (the dealerships) bolted the rear seats in and poof ! they became sport vehicles and the buyer paid the taxes. stop the loop holes.
> hiways and bridges to no-where here. Lwra demand that school teachers, college > professors > actually teach kids and lean them towards a higher education. lets fire the teachers > and prof's that arent living up to those standards instead of letting them hide > behind > the teachers unions and tenor.
I agree. I hated it when my teachers hid behind Pavarotti, I was never able to see them.
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we gotta build terminators to stop this crisis.
