Best
92 Comments
Post
  • #18
    !
    Doesn't surprise me. The recession was never over. The Obama Administration juggled the numbers, and the media dutifully reported it that way, to get Obama and his fellow Democrats re-elected.
  • #25
    !
    Take the money from the military? What about shedding all that pork that gets added to bills that has nothing to do with it. I would bet that would accomplish more than de-funding our military. What about the raises congress just gave themselves?! Take that away! They make plenty of money for not doing much. Their not even on session a lot of the time! Quit giving billions to Pakastan! They are not up holding their end of the deal. If our country does not have enoug money at home, why are we giving so much to other countries!? I named Pakastan because I know we are giving them billions upon billions! The military is needed. Just not in Iraq or Afghanistan anymore. All out now!!!! We're already getting involved in Mali. Cut the pork, take away those raises, cut off Pakastan! Then see what our country's economy looks like. If it's not enough, cut off the other countries we're giving money to. Cut all that out!! At this time, the only thing the hill needs to think about is helping our own citizens, not hurting them worse! They are more concerned about other countries than our own. It's time to stop!!!
  • #6
    !
    Hmm... barely any cuts and it causes a shrink. For any that support a 'cuts only' approach, multiply this by 100 and there's your result.
  • #20
    !
    So you think raising taxes by a few billion a year is going to have a major impact on the cuts? Our deficit is more the the total of all income taxes paid in the US. Our yearly dept interest alone eats up almost half of our income taxes.

    P.S. I wonder who was the one person who voted no.
  • #30
    !
    @Yank It's not about raising taxes....it's about raising jobs....get jobs back and you'll get the revenue back....as long as jobs are still scarce there won't be the required revenue needed....and cuts are the only way....
  • #33
    !
    @Yank Nope, never said that. My plan would be as follows:

    1) Cut $400 billion from the military budget
    2) Use that $400 billion and invest it in a coast to coast rail system, a federal bio diesel program, and bridge/road/sewer/water/electr icity/gas infrastructure projects, targeting people currently out of work. Get UE under 5%
    3) Raise ALL taxes back to Clinton levels

    In one year you have a balanced budget and a roaring economy.
  • #34
    !
    @AceLuby first of all we already have a coast to coast rail system (multiple ones). Second of all you are still talking a fraction of our deficit. Also moving spending around will not create a net impact. Lastly how much will going back to Clinton Era taxes increase revenue? You are still talking about needing to cut a trillion dollars.
  • #39
    !
    @AceLuby The last thing you want is a federally owned rail system...check out AMTRACK. If you want better rail systems you need to give tax incentives to the railroad companies so they will rebuild the present system. It's all about right of ways and you can't buy that overnight. What do you want to do? Nationalize the rail system? Won't work.
    Then where will the rest of the money come from? And how many generations will be working on this?
  • R Load more replies

  • #89
    !
    Exactly.. Russia's is like 10 or something like that. Plus- if our economy shrinks, so will revenue generated through taxation causing an even worse debt crisis. Liable to be paid in the future by young people like myself.
  • #1
    !
    Our ecconomy has basicly lived off government overspending for 6 years, it is only a matter of time before we have to pay the pipper.
  • #92
    !
    @Hireman still laughing. How would I recognize a pipper? Would it come in human form? With a pip? Oh,God no!
  • #35
    !
    We're on the Titanic with Hussein at the helm and he has the crew rearranging the deck chairs. Stockpile while you can, folks!
  • #24
    !
    Economists have been warning of a coming recession for both Europe and the US for months. How can a predicted recession be 'unexpected'? Only if certain people turned a deaf ear to the truth.
  • #17
    !
    the best is yet to come, the government is about to add millions of mexicans to the welfare rolls.Dependency weakens character but strengthens Government.
  • #13
    !
    To see governmental budget cuts being a major factor in economic downturn shows you that government spending has been way too high a percent of the GDP.
  • #23
    !
    @AceLuby Exactly. Coupled with increased spending recently, you have an economic dip when you try to return to previous levels.
  • #31
    !
    @Hireman In what world have we increased spending recently? We haven't had new spending since the stimulus.$400 billion of the current deficit is due to less people paying in and more people taking out due to the recession and nearly $600 billion was left over from the previous administration. If spending has been 'way too high' it has been that way since Reagan, yet it has only been since Obama has taken office that it has been an issue... actually that's not true, the same thing happened when Clinton was in office too. When the GOP control the WH "deficits don't matter".
  • #36
    !
    @AceLuby why do you keep trying to make this partison? Bush was one of the worst presidents ever, so why would you defend Obama doing what he did? Also not having new spending is not the issue. Spending greatly increased and then has kept at those levels.
  • #46
    !
    @AceLuby Rampant government spending has been an issue long before Obama. I'm not sure why this has somehow become a Rep vs Dem thing in your eyes.
  • R Load more replies

  • #19
    !
    @Neo_NtheMatrix

    who 'gutted' the military? they just cut spending, as needed. any cuts to any gov't dept will mean decreased spending in the private sectors that provide for that dept...

    seems another core value of less gov't has fallen....
  • #32
    !
    @woodtick57 Lets see we've cut the Raptor program, cutting edge weapons, intelligence programs, our enemies are either stealing current tech and we're GIVING F-16s and tanks to Egypt rather than selling....and an Egypt that is more close to terrorists than ever before....
  • R Load more replies

  • #91
    !
    You expected something else with Obama's economic policies? Wages are static and interest rates are so low that the banks can't make any money by lending it, their primary source of income. At 3.5% prime, I wouldn't give a loan to Jesus Christ. There is no money to be made.
  • #90
    !
    I think we can take our problems right back to the beginning of the globalization of industry. The world has been a great playing field for business, but not for countries.

    Last night on the news a report stated how much steel is imported into the Port of New Orleans. Imported?!?!?!? The United States used to be THE steel capital of the world. Any nation needing steel HAD to buy it from us. We have the raw materials like no where else on earth.

    Then someone in the steel industry got greedy and decided he could make a bigger buck by exporting the raw materials and then importing the steel back to America. And/or the U.S. decided to sell raw materials to steel producers overseas.

    Good for raw material producers, bad for the U.S. We lost hundreds of thousands of jobs in the steel industry. An industry that once helped make us great is no more. The imported products are more costly, driving up the price of anything using them. How has that helped the country overall?

    In our zeal to protect capitalism, we've allowed it run rampant and become selfish. Like the farm boy who's gone to the big city, capitalism is running wild and the changes of getting it back down to earth is slim. In the meantime, the farm is going to hell.
  • #88
    !
    And now the news comes out. Obama's moron Press Secretary and the Wicked Witch of the West are saying that the economy shrank because Republicans insist on cutting the Defense Budget. What a moron. The Republicans have been trying to protect the defense cuts, and passed a bill in the House to do just that. Harry Reid killed it when it reached the Senate. This idiot will do or say anything to deflect blame from his failed policies. Just wait, more pain to come, complements of your Idiot in Chief.
  • #85
    !
    By definition, two quarters of contraction in a row and you have a Recession. We are at one. Welcome to the Obama economy.
  • R Load more comments...
Post