If Obama actually uses this panel to help reform spending and can get Congress to sign on I think and pass laws that will help out all Americans, then this will be the first presidential decission he has made that I can sign on to. If he uses this as nothing but a political strong arm to get the American people to believe that he is really trying to cut the deficit, but keeps on spending then screw him. This country needs a lot of reform, and every one is going to have to make sacrifices.
Old people are going to have to give up some Social Security and Medicare Benefits. Poor People are going to have to take less in Welfare and Medicaid. Middle Class and Rich are going to have to pay more in taxes. Foreign nations are going to have to quit asking us for aid. If I missed anyone please add it to the list of discussions.
If Obama actually uses this panel to help reform spending and can get Congress to sign on I think and pass laws that will help out all Americans, then this will be the first presidential decission he has made that I can sign on to. If he uses this as nothing but a political strong arm to get the American people to believe that he is really trying to cut the deficit, but keeps on spending then screw him. This country needs a lot of reform, and every one is going to have to make sacrifices.
Old people are going to have to give up some Social Security and Medicare Benefits. Poor People are going to have to take less in Welfare and Medicaid. Middle Class and Rich are going to have to pay more in taxes. Foreign nations are going to have to quit asking us for aid. If I missed anyone please add it to the list of discussions. [/quote]
Taxes will skyrocket and benefits will be cut. The welfare state will end, replaced by a very top-heavy form of corporate fascism.
The Chinese model, very successful there, will be brought and adapted here.
Spending needs to be cut starting now. If he raises taxes right now, he is going to kill off any progress the economy made so he cannot do it yet. Besides, why should we have to pay for government fuck ups, let Nasty Pelosi fly coach and pay for her own fucking booze and floral arrangments. About half that stimulus money is still sitting in coffers. It needs to be returned and the severity of the need for deficit reduction would be lessened.
[quote]pat wrote:
Spending needs to be cut starting now.[/quote]
Oh yeah, as if Obama, Reid, and Pelosi were going to do that.
You didn’t know that next up is “Son of Stimulus”?
And just two or three weeks ago (SOTU address) Obama unveiled his plan for a relatively-near-microscopic “freeze,” but even that he did not want to start right away.
Cuts? Oh that is something Obama is really going to do – unless it’s missile defense.
Lenders must say no, and it will fix itself. This happened today in California (not trying to hijack). The California credit rating was lowered today, to that of something resembling a 3rd world country. Because of it, government workers are finally being laid off. Cuts that were being argued left and right, are finally being implemented. I say do the same thing on a nationwide level, China needs just say no when we ask for more money. I believe that that is the only way to fix this, it has now gotten to that point.
[quote]MaximusB wrote:
Lenders must say no, and it will fix itself. This happened today in California (not trying to hijack). The California credit rating was lowered today, to that of something resembling a 3rd world country. Because of it, government workers are finally being laid off. Cuts that were being argued left and right, are finally being implemented. I say do the same thing on a nationwide level, China needs just say no when we ask for more money. I believe that that is the only way to fix this, it has now gotten to that point. [/quote]
China has started to dump our dollars. I don’t see them loaning us money for much longer.
look at the salaries and benefits for most federal jobs. Even entry level ones in my field are much much better than the private sector. This is an indication of way to big a state thats not going away anytime soon.
As was said in the article something has got to give and people will be unhappy. Politicians being very electorally minded are loathe to make these decisions. Imagine a district in western pa where I am from. We have a very high per capita rate of retired and elderly. They vote. How are they going to feel about higher retirement ages and reduced benefits. Everyone wants to have their cake and eat it too.
A good start would be getting out of these wars. I favor flexible retirement accounts, taking social security payments and transferring them to IRA’s or 401k’s.
666Rich I could not agree more with your statement. The same generation that made this country great is going to be the same generation that takes us into the toilet. The older generation says we have to control the deficit, but then say you can not touch my Social Security because I am on fixed income.
They also say you cut my Social Security then I am going to vote you out. I have a job and I too am on a fixed income. I only get a raise if I work hard. You get a raise when inflation goes up. We need to limit what elderly can purchase with their Medicare. These damn scooters they are all riding around in. Use some muscles and use your wheel chair. There is a difference between need and want.
[quote]MaximusB wrote:
Lenders must say no, and it will fix itself. This happened today in California (not trying to hijack). The California credit rating was lowered today, to that of something resembling a 3rd world country. Because of it, government workers are finally being laid off. Cuts that were being argued left and right, are finally being implemented. I say do the same thing on a nationwide level, China needs just say no when we ask for more money. I believe that that is the only way to fix this, it has now gotten to that point. [/quote]
China has started to dump our dollars. I don’t see them loaning us money for much longer.[/quote]
That’s tough to say. If you borrow $100, the bank owns you. If you borrow $1,000,000,000,000,000 you own the bank.
