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I am viewing with extreme disgust the deplorable behavior, particularly of the so-called "tea bagger" Republicans that were just swept into office by voters who did not like the black Kenyan dude they think got elected illigitimately to the office of President of the United States. This entrenched and childish behavior has nothing to do with solving the national debt crisis and everything to do with ousting the current administration in the 2011 election. These alleged servants of the people are nothing more than squabbling immature offspring of the ill-starred so called "tea party" movement of the extreme right of the Republican Party.
2012 Election if we are here to vote.
? huffington post kool aid drinker are you? Alway's the race card, please grow up color has nothing to do with any of this.
Oh get a clue! We, the USofA, is in debt over 14 TRILLION dollars and the democrats want to continue to push us further in the hole.
The debt doubled under the previous administration, and rose considerably under other Republicans in recent years (rising by more than two and one half times under Reagan, for example). To pretend that this is an issue pertain just to the Democrats is to miss the big picture. Likewise, to act like the cuts to taxes, particularly those at the top level, had nothing to do with debt from less revenue coming in is also missing the greater picture.
Both parties have played a part, and it will take both cuts and letting the Bush era tax cuts to end to fix.
skipping a credit card payment doesn't save you money. Get a clue. Can you tell the difference between ruining your credit and not making payments?
This is what I have learned:
A. In the end big debt and super duper bailouts were the results which does not seem to bother Republicans, as long as they are in power.
In fact, by the time the second Bush left office, the national debt had grown to $12.1 trillion:
Over half of that amount had been created by Bush’s tax cuts for the very wealthy.
Another 30% of the national debt had been created by the tax cuts for the wealthy under Presidents Reagan and George H.W. Bush.
• Fully 81% of the national debt was created by just these three Republican Presidents.
Merrill, your not correct with your facts. when Obama took office the debt was 10.626 trillion, it is now 14,071 trillion. When bush took office the national debt was 5.768 trillion. and in the eight years he was in office he almost doubled it to 10.626 trillion. So lets look at this objectively, Bush in eight years raised the national debt by 4.858 trillion, Obama in two and half years has raised the national debt 3.445 trillion. So if we stay on this course, if obama get eight years, he will have added 13.784 trillion to the national debt. I believe that we should all say no more spending, enough is enough. If anyone of us ran our check books like that, we would buried under the jail. Grow up, enough finger pointing.
The accounting for the wars in Iraq and Afghanistan were not included in the debt under Bush, but it is under Obama. At least $1.5 trilliion of that should be counted under Bush. http://www.nytimes.com/2009/02/20/us/politics/20budget.html
Another thing I've learned:
This is the only budget that does everything this country needs:
* Creates good-paying jobs
* Fully maintains our social safety net
* Invests in education
* Ends our costly wars
* Closes the tax loopholes that have made offshoring jobs profitable
* Ends oil and gas subsidies that pollute our country at taxpayer expense
* Creates a national infrastructure investment bank to help us make intelligent investments for the future
This budget represents the future we believe in as Americans, and the CPC really needs our support to keep it on the front burner. Please call your member of Congress, now.
This is one of those occasions we all hope we'll live to see: We really can make a difference right now if we speak up loudly with one voice.
The People's Budget represents not just common sense; it represents the will of the American people.
The People's Budget is getting mainstream attention, but it won't hold that attention unless we speak up about how important our values really are. These aren't just words on a page or numbers in a table—these dollars and cents mean lives helped or hurt, people succeeding or falling by the wayside, and families lifted up or dragged down.
This is about America.
What the Peoples Budget does very specifically:
Forget the people's budget! Read the people's cube! http://thepeoplescube.com/current-truth/obama-2012-slogans-no-more-change-vote-for-the-same-t7466.html#hope
Learning is never over:
Top 5 Social Security Myths
Myth #1: Social Security is going broke.
Reality: There is no Social Security crisis. By 2023, Social Security will have a $4.6 trillion surplus (yes, trillion with a 'T'). It can pay out all scheduled benefits for the next quarter-century with no changes whatsoever.
After 2037, it'll still be able to pay out 75% of scheduled benefits—and again, that's without any changes. The program started preparing for the Baby Boomers' retirement decades ago. Anyone who insists Social Security is broke probably wants to break it themselves.
Myth #2: We have to raise the retirement age because people are living longer.
Reality: This is a red-herring to trick you into agreeing to benefit cuts. Retirees are living about the same amount of time as they were in the 1930s. The reason average life expectancy is higher is mostly because many fewer people die as children than they did 70 years ago.
What's more, what gains there have been are distributed very unevenly—since 1972, life expectancy increased by 6.5 years for workers in the top half of the income brackets, but by less than 2 years for those in the bottom half. But those intent on cutting Social Security love this argument because raising the retirement age is the same as an across-the-board benefit cut.
Myth #3: Benefit cuts are the only way to fix Social Security.
Reality: Social Security doesn't need to be fixed. But if we want to strengthen it, here's a better way: Make the rich pay their fair share. If the very rich paid taxes on all of their income, Social Security would be sustainable for decades to come.
Right now, high earners only pay Social Security taxes on the first $106,000 of their income. But conservatives insist benefit cuts are the only way because they want to protect the super-rich from paying their fair share.
Myth #4: The Social Security Trust Fund has been raided and is full of IOUs
Reality: Not even close to true. The Social Security Trust Fund isn't full of IOUs, it's full of U.S. Treasury Bonds. And those bonds are backed by the full faith and credit of the United States.
The reason Social Security holds only treasury bonds is the same reason many Americans do: The federal government has never missed a single interest payment on its debts. President Bush wanted to put Social Security funds in the stock market—which would have been disastrous—but luckily, he failed. So the trillions of dollars in the Social Security Trust Fund, which are separate from the regular budget, are as safe as can be.... for now.
Myth #5: Social Security adds to the deficit
Reality: It's not just wrong—it's impossible! By law, Social Security's funds are separate from the budget, and it must pay its own way. That means that Social Security can't add one penny to the deficit.
List of sources is too long.
I can't believe some of you. There is no money. Those of us who actually pay income taxes are going to have to make up the debt by taking away from our families. Those of you who put nothing into the system have no reason to care.
"Those of us who actually pay income taxes..."
Dude, you don't even pay enough to recoup your own welfare check. Stop "raining" on my leg.
The federal tax take hasn't been this low since Harry Truman was in office. That's a fact. No one is "taking away" anything from you by ending corporate welfare or allowing taxes on the wealthy to revert to the already low levels they were back when the budget was last balanced (under Clinton). You should be lucky the Reagan Democrat President we have doesn't boost your taxes all the way up to the Reagan-era levels.
"Those of you who put nothing into the system have no reason to care."
Of course, I'm certain "those of you" refers to American corporations, yes? General Electric? Exxon Mobil?
I'm about 1% sure that's what you meant. Gee, who else could you have been thinking of, Mr. Dixie?
I am with you on this one Cant_have_it_both_ways. Out Government is out of control. You cannot rob Peter to pay Paul! But you just watch, they will raise the limit anyway!!!
Naw, I'm with Rush --- focused on how the "heat index" is a government fraud designed so that Big Government can tell you how hot to feel.
I kid you not. Just when you thought you'd reached the bottom of the Barrel O' Dumb. Next he'll be telling us that welshing on paying our debts should improve our credit standing.
Apparently, Tea Bagger fav Gov. Bob McDonnell was urging Congress to take a hard line and reject any attempt to raise the debt ceiling.
Then the credit ratings people yesterday informed him that his state (Virginia) would immediately have its debt downgraded along with the United States.
Now? "But they've got to get this done immediately or the uncertainty for the business community is going to be just devastating to our country."
Really? You think so, Bob? Marcus Bachmann's little filly keeps telling it no big deal. Just scare talk from that Muslim Socialist Anti-Christ guy. (Gosh, it's so hard to figure out who to trust about these things!)
Teabaggers didn't get the message. Independent voters wanted to see some bipartisanship. They will be really lucky to get reelected.
And you rep coms didn't get the message from Obama's election.
The message I get from these various elections is that many Americans are fed up with both parties.
And, of course, about 50% of eligible voters aren't voting at all, indicating a rather disturbing lack of interest in the process.
And corporations are leeches on society. They take their profits, exploit workers, and don't want to pay taxes to support the country that lets them get rich.
Throughout all of this debt talk the one big factor missing is jobs. The government will need to step up to the plate. USA corp america is too busy employing others in the world to fill the void.
Like or not this will need to be done. It was done in 1933. People need to be making money for that is what creates more jobs and then more jobs all of which equals new economic growth and new wealth for the nation.
One other thing that has come to my attention which would give the economy a second powerful boost.
It goes like this:
What's missing from this national deficit debate? JOBS JOBS JOBS AND MORE JOBS
Removing the large tax dollar subsidies to very wealthy USA corporations should be the priority.
Then apply these tax dollars to a new type of medical insurance for all that which creates a strong economic driver to promote new employment, new industry and new wealth for the nation.
This is a thrilling conversion.
If all city and state governments plus the federal government would cut corporate welfare and invest this money in IMPROVED Medicare Single Payer Insurance for ALL :
many of us would be saving thousands of dollars annually
big business and small business could operate for less
all governments and school districts could cut operating expenses substantially
employed blue and white collar workers would be healthier thus more productive
all humans would have necessary healthcare 24/7
in general OUR cost of living would decrease across the board
New industry,small business and jobs would develop
Now a new type of medical insurance for all becomes a strong economic driver
for all communities in the USA.
Thus our tax dollars would be invested in our local communities providing a jump start to economic growth that has been squandered as one result of corp welfare.
With corporations routinely defaulting on their pension promises, more and more workers must rely on their individual wealth to make up the difference. The stock market collapse at the turn of the millennium wiped out much of the financial wealth of middle class Americans, and the collapse of the housing bubble has wiped out much of their remaining wealth.
Making any cuts to Social Security now, either by raising the retirement age or cutting benefits, would have a huge impact on their remaining retirement income and are not necessary to “save the system.
I don't think a single Republican has created a single job since the election. Brownback has eliminated quite a few, however.
Improved Medicare Single Payer Insurance for All is but one part of the solution:
Easy to Implement: Medicare has been in existence since 1966, it provides
healthcare to those 65 and older, and satisfaction levels are high. The
structure is already in place and can be easily expanded to cover everyone.
Simple: One entity – established by the government – would handle billing
and payment at a cost significantly lower than private insurance companies.
Private insurance companies spend about 31% of every healthcare dollar on
administration. Medicare now spends about 3%.
Real Choice: An expanded and improved Medicare for All would provide
personal choice of doctors and other healthcare providers. While financing
would be public, providers would remain private. As with Medicare, you choose
your doctor, your hospital, and other healthcare providers.
State and Local Tax Relief: Medicare for All would assume the costs of
healthcare delivery, thus relieving the states and local governments of the
cost of healthcare, including Medicaid, and as a result reduce State and
local tax burdens.
Expanded coverage: Would cover all medically necessary healthcare
services – no more rationing by private insurance companies. There would be
no limits on coverage, no co-pays or deductibles, and services would include
not only primary and specialized care but also prescription drugs, dental,
vision, mental health services, and long-term care.
Everyone In, Nobody Out: Everyone would be eligible and covered. No
longer would doctors ask what insurance you have before they treat you.
No More Overpriced Private Health Insurance: Medicare for All would
eliminate the need for private health insurance companies who put profit
before healthcare, unfairly limit choice, restrict who gets coverage, and
force people into bankruptcy.
Lower Costs: Most people will pay significantly less for healthcare.
Savings will be achieved in reduced administrative costs and in negotiated
prices for prescription drugs.
The NOT repub party does not give a damn about bipartisanship. Brownback is the perfect example which he brought back to Kansas. These thinkers only want it their way and to them that is bipartisanship which in real life is BS. Tea Party and Neoconservative Fundamentalists receive money from the same thinkers = americans got duped again.
Now what will happen if jobs jobs jobs don't surface?
The following will continue to be at risk 24/7:
IF the debt limit IS NOT increased there WILL BE a lot of very smart and very rich people plus many countries which have invested in the USA that WILL BE quite angry..... simple as that.
Not only that many many other important financial aspects would feel the impact in a huge way such as:
Who in the hell would loan the USA money for recovery?
China ,Canada and Japan would own the USA pure and simple.
Tell repubs to get on with it and cut the absolute nonsense aka screwing with our jobs,our homes, our medical insurance, OUR SOCIAL SECURITY,OUR MEDICARE AND OUR ECONOMY! Stop being stupid!
The linkbot is running on overtime. We've seen all this tripe hundreds of times before and it has accomplished exactly nothing.
BTW, shouting in the middle of sentences with all caps is making you seem even more whack-a-doodle than you usually do.
Hey snap-pop-no-crackle I love that "people's cube" site! And to you merrill, get your facts straight. The national debt at the end of GW's term was roughly 9 trillion, not 12. Chairman Mao Bama has added over 5 trillion to the debt, all by himself. He continues to do his Marxist duty and destroy America from within. Thank God Almighty for the Tea Party and their stand against this fiscal insanity.
Are you attributing the bailouts that carried over from G.W. to Obama?
"And to you merrill, get your facts straight. The national debt at the end of GW's term was roughly 9 trillion, not 12. Chairman Mao Bama has added over 5 trillion to the debt, all by himself."
Mr. No-Attribution is questioning somebody's sources? That's major LOLZ!
bab, I think the the UAW was one of the the most important factors in destroying the domestic auto industry. You may have noticed that none of the foreign car companies have put their plants in the Detroit area.
Total union wages and benefits were about 10% of overall expenses for auto manufacturers.
Missing from all the discussions are any recollection of how the debt and economy blew up in the first place (thanks Bush and supporters).
Missing is any mention of what the wars of choice are costing.
This disaster is not of Obama's making. However if he gives one inch on Medicare and Social Security - two of the most successful programs in the history of this country - I will not support him again. At least if a Republican does this, Republicans will have to take the blame.
I blame Republicans for their obstruction - and for creating the disaster in the first place.
You have made your point very clearly and repeatedly ... I know there is not much for you to do until your next check comes in but try not to over-do it.
Fully 81% of the national debt was created by three of the most recent Republican Presidents.
Republicans do not want new jobs or new industry or new wealth for the country that new jobs would generate. It might help democrats in the 2012 elections
Also more and more would be off social service programs thus giving repubs one less thing to whine about.
Repubs believe their Wall Street friends should have those trillions of Social Security dollars
to lose by way of corruption. Social Security tax dollars are anything but safe on Wall Street.
Why does Obama keep his dual citizenhip - Amercan and Kenyon? Does he plan to escape after takes the USA down .
What we need is real leadership not a person who is contiually campaigning. Keeping A-force I on the ground would help.
The only debt limit I understand and am paying attention to is my own limit. It's not in the billions, but unfortunately I'm living "paycheck to paycheck." My only salvation is setting aside money from each paycheck for monthly expenses, like rent and car loan. Hopefully within the next month I can have some sort of cushion, but not enough to justify a "cushy" lifestyle.
I can't answer the first, any more than I could answer why the Bush administration failed to implement all of the 9/11 commission's recommendations.
There may be some reasons, depending on how the balanced budget is worded, for some to have reservations about it, even if they support the basic idea.
When the US defaults, and our economy completely collapses -- leading to a domino effect for the rest of the globe -- the ignorant conservatards will still think it was all some "libruhl plot."
This is what happens when you elected uneducated zealots.
We deserve much more from the public servants.
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