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  • #1
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    yes - there is a major spending problem, and it is due to both sides of the aisle. common sense would be to cut spending, as most families have to do when trying to budget for a home, vehicle, or school. i love hearing the political hypocrites babble about how much in loans a student will incur, yet never speaking about how much more in taxes that student will be paying due to irresponsible spending now.
  • #41
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    Except for the fact it wasn't MY family that created this mess.

    If the family next door to you spends itself into financial ruin, is it YOUR responsibility to pay off their debts? Should YOUR children have to do with less because you now have to pay for your neighbor's poor judgment?

    That's how I feel. I did not tell Washington to spend, spend, spend until there is nothing left. They've been spending like crazy for over a decade and now that they have no more to spend they want to dump mess in the laps of the American people and make THEM pick up the tab.

    Whenever anyone speaks of cutting "spending" they are often referring to Social Security and Medicare, something that hundreds of millions of Americans have dutifully and forcefully had to pay into all their working lives. It's not my fault Washington has mismanaged THAT, as well, but don't deny me what is rightfully mine.

    Congress is determined to screw each and every one of us out of something. More and more is being taken away from the taxpayer because there are idiots in Washington who have taken and spent every last nickel they could beg, borrow or steal. That's not YOUR fault or mine and I'm outraged that we're being manipulated into having to cover the mismanagement of these idiots.
  • #8
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    Makes me thankful that we don;t have an infrastructure bank.

    Also, is it just me or is "bank" being used as a synonym for "government spending?" No wonder President Obama is in denial of our spending problem.
  • #28
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    Maybe The Fed Has some anwsers,maybe they are the problem..
    “Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” George Washington
  • #43
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    That quote was from a 1786 letter that Washington sent to Thomas Jefferson. "Paper is poverty," Jefferson, in turn, observed in 1788. "It is only the ghost of money, and not money itself." In 1817, he also said that paper money "abuses also are inevitable and, by breaking up the measure of value, make a lottery of all private property."
  • #20
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    Yes, totally, Gore is a great example of men saying what is right for others but grabbing all the cash he can for himself, our congress and president know we need to stop spending but not until they get what they want, parents ruining their children's credit to live high on the hog without thought for the suffering and sacrifices their children will face later on because of their greed is being played out in Washington right now , sadly, 51% percent of voters want their hand in the pot too!!
  • #31
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    As much it tugs at our heart strings, using deficit financing to provide our government's numerous programs is dangerous to our future generation's health. Future generations will have to shoulder the bill. That's the pain we don't feel or hear about; the pain that doesn't make its way into news stories, at least not in human terms; the pain that's no less real, just less pressing. Things may be a bit rough for us right now, but many Americans do not realize the burden we're putting on our children to ease the pain for ourselves? Wouldn't a loving parent suffer the pain right now so that their children might have a better life? Financing almost half of our federal governments costs unto our kids is immoral. Where would our generation be today had previous generations felt that was acceptable? Our federal deficit is the greatest threat to our future.
  • #17
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    US tax revenue:$2,170,000,000,000

    Federal budget:$3,820,000,000,000

    New debt:$1,650,000,000,000

    National debt:$14,271,000,000,000

    Recent budget cuts:$38,500,000,000

    Let’s now remove eight zeros and pretend it is a household budget:

    Annual family income:$21,700

    Money the family spent:$38,200

    New debt on the credit card:$16,500

    Outstanding credit card balance:$142,710

    Total household budget cuts so far:$38.50
  • #11
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    Anyone with a modicum of intelligence can see the direction this country is going under this (mis-)administration. It may come as a surprise to 'low information' voters and young skulls full of mush -- but the following film will give you a glimpse into reality.....

    http://vimeo.com/52009124
  • #2
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    The Ex/Im bank is just like ACORN- it was a pretty good idea that immediately got perverted. Either fix it or kill it but do something with it, fer petesake.
  • Comment removed for Engagement Etiquette violation. Replies may also be deleted.
  • #51
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    Oh hell, Blackwell, just get the Right Reverends Russell Johnson and Rod Parsley on the phone and have a tax-exempt prayer-a-thon to solve debt. If every working "christian" worldwide would put a single year's wages into the collection plate (as per Luke 6:30), this country's debt would be gone instantly.
  • #33
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    Is this an example of a poorly managed government agency or an example of a government agency being used as a vehicle by private individuals to bilk the government of money?
  • #45
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    Good question. After reading a little about it, IMO the Ex-Im Bank was a good idea at the outset, but like all good government ideas it has been perverted by corporate America into yet another vehicle for getting their hands on "free" taxpayer money.
  • #47
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    @Denizen_Kate Redistribution of wealth is only communism when it is taken form the wealthy and given to the poor, not if it goes the other direction.
  • #24
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    We don't have a spending problem, we have a problem of illusion. We live under false pretenses, in a huge bubble of inflated value based on nothing. What we consider economic growth is nothing but a further inflation of the bubble. The bottom line is that any system dependent of never ending growth is doomed to failure. The economy can be no exception to this rule of nature.
  • #19
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    Regarding an increase in the debt limit.

    Say you come home from work one day and a sewer pipe in the neighborhood broke. Your home is filled to the ceiling with crap. What do you do,

    Raise the ceiling or remove the crap?
  • #14
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    As evidenced time and time again, America has a spending problem. Worth noting that the big wrangling over the 'fiscal cliff' resulted in a net increase to the treasury of about $80 billion per year (assuming a lot of positives happen). Meanwhile, the deficit for THIS year is over $1000 billion.

    You cannot tax away a deficit of this magnitude. Spending cuts...drastic ones...are needed, but we know it's not likely to happen.

    Greece! Show us the way! LOL...
  • #13
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    Ex-Im just needs to be shut down. In fact, the IMF and World Bank can get shut down as well. All three are nothing more than money drainers with politicians at the helm instead of real financial experts.
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