Republicans Predict Federal Bankruptcy If Obama's Budget Passes »
Posted By GehlLady 9 months, 1 week ago in NewsBut a White House adviser dismissed the negative assessments, saying she is "incredibly confident" that the president's policies will "do the job" for the economy.
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orndorffter9 months, 1 week ago
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I do thin that President Obamas plan well work if those who are given the money uses it in the right way, we see jobs all over opening up, he never created the mess we are in and hes doing everything he can to get this country back the way it was. I just pray that God well guide him in the right direction.
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Endoscopy9 months, 1 week ago
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Yep spending the country into Bankruptcy is the way to go. the CBO says that there will be $1 trillion deficits for the foreseeable future. What a plan. $2 trillion deficit this year ans $1 trillion deficits forever. And the libs ranted over Bush's $200 billion plus average per year. was bankrupting the country. Bush was a miser compared to Obama.
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Then you have the gall to say Obamas plan will work. Most of the money goes into government programs like health care. Are you that ignorant about what the House Democrats did in secret when they created that monster? -
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Goppy9 months, 1 week ago
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I agree with your sentiment, orndorffter.
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The massive spending package that Obama has fashioned to repair the broken credit system is quite alarming.
But of course, our nation currently spends VAST amounts in other areas that could easily be diverted - should they be required.
For instance, our nation currently spends an estimated $1 TRILLION ... PER YEAR ... on the Military.
By comparison, most recent data says that -
Japan .............. spends -- $46 BILLION per year
China ............... spends -- $41 BILLION per year
Great Britain ... spends -- $36 BILLION per year
France ............. spends -- $35 BILLION per year
Germany ......... spends -- $30 BILLION per year.
As you can see, we spend over $800 BILLION more than the other spendingest nations on military budgets.
The fact is - our nation's Military Spending is roughly EQUAL to the ENTIRE WORLD's military spending!
Why, "Off The Books" spending on Iraq totalled $940 BILLION ... (This refers to the 'Off Ledger' accounts that Bush set up to spend money on Iraq with no accountability - which President Obama referenced in a recent speech.)
Perhaps this is a blessing in disguise to shift our nation from a Warrior Nation - as envisioned by Modern Christian Conservatives and Modern Neo-Conservatives - to a nation that serves her citizens - a nation that values cohesion, the simple process of making life better for our nation's citizens.
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mesodude9 months, 1 week ago
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I couldn't agree with your comments more, orndorffter. I just can't help feeling sad and embarrassed for the GOP because, almost without exception, Republicans were complacent and complicit as Bush borrowed our country SEVERAL TRILLIONS of dollars into debt. The worst part of this disgraceful story is that we have only a collapsed world economy to show for Bush's maniacal spending spree. Thank heaven Obama won't be giving repeated tax cuts to the ultra wealthy and embroiling us in war in multiple countries. Republican leadership is deadly in so many, many ways. Wow. ;-(
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slate9 months, 1 week ago
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I do think that if he was in office while this thing went down and he's voted for the money being spent without oversight he is somewhat complicit, along with the rest of them.
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Though I am strongly vocal against the way he has handled things I do hope that he can turn things around, since his failure means our failure. It just seems that thus far, he hasn't made the right choice in the young G and how he's chosen to go about this change.-
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wtagg9 months, 1 week ago
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Though his admin hasn't had much time, the admin has made some, at best, questionable decisions. Had he many years to deal with all the problems, then his course may or may not have merit, but he doesn't. We are in the now.
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If a dam has failure points in many critical areas, it may be better to evacuate, let the dam fail, and rebuild.
Plus the rush to do *something* often does more harm than good. Time should still have been taken to come up with a workable solution or determine if a workable solution wasn't possible. It will be interesting to determine if doing nothing would have saved money in the long run.
The real takeaway will be if we, the citizenry, learn anything from this ordeal. Unfortunately, I would tend to think not. We will continue to vote based on marketing vs. skill and performance.
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engineerComment removed: Spam
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engineer9 months, 1 week ago
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slate9 months, 1 week ago
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Both parties created this mess and just about every other mess that this nation has faced, saying otherwise is just partisanship.
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As far as no alternatives,,,, it's a bit difficult when you aren't even allowed to read a bill. Though the republicans did talk about cutting corporate taxes, especially on small business as well as other things.
however, when any newly elected majority, regardless of their party namesake says YOU lost and WE won shut up and sit down, this is what the People voted for and pushes an agenda. An agenda that the people actually had no idea that's what they were voting for, since campaigns (especially this last one) are based on vague platitudes over substance instead of solid ideas of what needs to be done, why they need to be done, and the plan on how to get those things done with as little money spent as possible.
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amazed9 months, 1 week ago
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((The Republicans will shift blame and gloom and doom on Obama to get away from the fiasco and current conditions which THEY created. The plan hasn't even had a chance to work. What's more, they have not offered any alternative))
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Why on earth should we wait until the national debt is doubled and the country is in default on everything before we say "oh, this really isn't a good idea to spend even MORE money that we not only don't have, but have no real way of getting".
As far as a plan, you're right the Republicans haven't offered too much of a plan except to ask that the budget and financial meltdown be handled separately from the massive social engineering that is being slipped into this under the guise of "saving the economy".
One of the suggestions that the Republicans DID make would have been huge and a much bigger help to my business than all these SBA loans that are supposedly now available -- a six-month to one-year moratorium on payroll taxes. In the same vein, a moratorium on penalties on late payroll tax payments provided that the company is making an obvious good faith effort to catch up without collection effort on the part of the IRS.
But here's MY suggestion.
Spending must be cut. Start with an across the board spending cut of 5% -- no exceptions. Each and every department must find a way to live with 5% less this year. Put stipulations on this cut that services must be maintained -- in other words, the Parks Department cannot cut Rangers or times that the parks are open to the public to meet these spending goals, they must ferret out the real waste.
Before everyone starts telling me how impossible this is, businesses and homeowners have been doing this for years. Each time taxes and/or fees go up, we must make do with less.
There can be NO exceptions to this policy in order for it to work. Once one group can convince Congress that they are more important, then the whole thing would fall apart.
Social Security Administration, the IRS and Medicare would have to find their cuts within their administration NOT within their benefits.-
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Sludge-Guzzler9 months, 1 week ago
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It's unfortunate that some of the good ideas posted here on propeller will simply stay on propeller. There should be a website where common citizens could post ideas. And No, writing your congressman is a waste of time. They don't listen.
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engineer9 months, 1 week ago
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To counteract this problem, the wealthy aho have raped this country need to be taxed at a much higher rate. Under Eisenhower the top marginal rate was 91% and under Nixon it was 70%. I feel these rates should be there. The purpose of giving tax breaks was to create JOBS IN THE US!!! Instead they outsourced everything possible in the name of greed. The social security taxes should not have an upper limit.
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Also the money being spent is on American jobs 90% in the private sector. These jobs will cause money to be circulated in the US and not sent somewhere overseas like China which the last administration gave most favored nation status to in 2001.
Also this budget includes the full cost of the wars which the previous administration put in after the budget not giving the budget its true cost.
I could krrp going on, but I doubt the GOP will read this nor care!!! -
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wtagg9 months, 1 week ago
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As I've said before, fiscal responsibility is necessary before you can go and cut taxes. Cutting taxes, as nice as that sounds, must only be done when fiscal responsibility has been reached. This was a major failing of the Bush admin. It was a campaign promise he kept, but it is based in voodoo economics that even his father did not buy into as president.
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Yes, there is a ton of corrupt greed and inefficiencies at the government level. I think your 5% is actually too low, but it may be a good target to start with.
A simple tax system would be a huge efficiency gain. Eliminate all tax loopholes through a flat or consumption tax. Everybody pays the same rate, whether you make $1 or $1,000,000,000.
Equality. -
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beavith19 months, 1 week ago
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this should have gone under 'amazed' and slate's comments.
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a bit of wierd propeller placement.
careful with the spending cuts.
review the lesson on the 'paradox of thrift.'
and you can't raise taxes because that would strangle the economy even more.
we have to dynamite the logjam that's caused by the CDO and CDS liability.
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doppich9 months, 1 week ago
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Endoscopy9 months, 1 week ago
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What history PROVES is that when the tax rate increases on the wealthy the tax revenue goes down. When the tax rate on the wealthy goes down the tax revenue goes up. Why is this. When the hight taxes on capital gains go up then the wealthy take the money out of where it will be hit by capital gains thus lowering the tax revenue. A side benefit to taking the money out of where it will be hit by capital gains is loss of jobs because there is less money for the business to operate with.
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Charlson9 months, 1 week ago
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Republican prognostication hasn't been right much in the last eight years and they think we'll give credence to them now? If you couldn't keep us out of this mess what makes you think you'll be more successful than Obama? You had your chance and blew it and the American voter has rejected your leadership for the next three years and some months.
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antibrainwasher9 months, 1 week ago
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The sky will fall if we don't eliminate all taxes for the rich. Anything short of that, is just socialism.
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.....The official platoform of the chicken little repugs....
After 8 years of unfettered casino capatilism, the largest economic redistribution to the rich in the history of the planet, and the repugs are whining.
Tax the rich. Impose 99% inheritance tax. F... the rich. And most of all, f... the coward swine brown shirts that voted for Caribu Barbie to run the economy.
These are the arsewipes that are whining now, the subhuman scum that voted for Caribu Barbie to solve the financial crises of unregulated repug greed.-
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Endoscopy9 months, 1 week ago
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The official platform for the liberals is we need to take away the money from the rich and distribute it to the poor. Class warefare at its best. What the poor deluded liberals never think about is that the rich are the ones that provide the jobs. So the more money you take from them the more jobs are lost. Great Democrap idea. Lets just kill all the jobs they can.
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You were one of the ranters about how horrible the Bush deficit was. Where is your rant now? Obama is making the Bush average $200 billion plus deficit look like chump change. Obama is giving us $2 trillion deficit plus this year with $1 trillion deficit on into the future. How to double our debt in 10 years. Are you such a HYPOCRITE that you are in favor of bankrupting the country like this. -
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Goppy9 months, 1 week ago
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The official platform for the Modern Republican is we need to take away the money from the middle class and distribute it to the rich. Class warefare at its best.
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The Wealthy Class have been successful in telling the story that THEY and THEY ALONE create jobs.
This is pure propaganda - designed for the express purpose of soliciting additional Handouts from Government.
What creates jobs is ideas - usually from middle class citizens who acquired an excellent education - - - (Of course, we all know that Modern Republicans support educational opportunities for the Wealthy only.)
What the poor deluded Modern Republicans never think about is that the middle class are the ones that provide the regeneration that a nation needs - provide the consumerism that a nation needs - and provides (typically) the balanced values that Modern Christian Conservatives lack. -- -- -- So the more money you take from them the more spending is lost and the fewer educational opportunities are available - and the regenerative powers are lost It's all part of the Modern Right's Moral Vacancy® Lets just kill all the opportunity they can.
You were one of the ranters about how Bush's deficits were necessary to protect our nation. Where is your rant now?
Over 8 years - Bush & Co. spent almost $2 TRILLION on war. As an avowed "Christian" why have you always supported this?
Obama is furthering the recommendations of most economists - including the economists appointed by Bush.
You, my friend - are the obvious hypocrite - a hypocrite who will SUPPORT spending $1 TRILLION ... if spent by a REPUBLICAN (and spent overseas) and express OUTRAGE and CONDEMNATION at $1 TRILLION spent ... if spent by a DEMOCRAT (spent to help Americans).
Of course, I blame this obvious hypocrisy on the sad fact that The Modern American Christian Conservative has perverted the teachings of Jesus - so ... their faith itself is founded upon hypocrisy ... which is why they don't recognize it within themselves.
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beavith19 months, 1 week ago
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having a bad day?
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sounds like it.
why does Palin scare you so much?
I don't think that she's a very good republican candidate, but just from the vituperativeness it brings out in the nutbar lefties, i like her a lot. it truly exposes you.
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coolslow9 months, 1 week ago
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mesodude9 months, 1 week ago
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"A fun little excercise is to take all the rants against the rich and replace "the rich" with one of the following: gays, blacks, women, Jews. Try it, its fun."
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--Wow...Another con demonstrates why they are on the far right fringe and the GOP is no longer running our country. When did the wealthy become an oppressed group? -
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Hhussk9 months, 1 week ago
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more politics of fear from the right. and considering how well the repubs have done with their predictions in the past 10 years...things look good for Obama's plan.
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Not really. Just look at the last few years of Democrats controlling Congress. Before: low unemployment, strong economy. After: Rising unemployment, national economic crisis.
No need for predicting. It's happening now.
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cleare9 months, 1 week ago
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we all have to stop discussing this in terms of partisan politics and start discussing it in terms on economics.
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almost all economists i've heard are saying federal spending is our only out. the economists i most respect are concerned that obama is not spending enough.
we can all enjoy the pot shots we throw at each other, but the bottom line is that none of us on prop have nobel prizes in economics...so we are left with trusting those who do.
otherwise it's like a patient diagnosing and prescribing for himself. -
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