Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Make Medicaid more flexible, efficient and accountable
the goverment throws money at deead horse, i dont ever see this happening.
guess what, we need to start reducing the debt and deficit NOW, not over 12-25 years. we need to cut 90% of the current democrat and republican items out of the budget and get fiscal responsibility back on course.
without that in place, the USA is in REAL DANGER of becoming another banana republic.
It boggles my mind that Barack Obama would campaign almost entirely on raising taxes on those who make more than $250K and on ensuring that entitlement programs are protected as-is. On the revenue side (tax increase), there's barely a speck of increased revenues, and on the cost side (entitlements) he intends to protect the status quo, where costs are increasingly draining the budget with every passing year. That's not including Obamacare, which is expected to add hundreds of billions to the deficit as well.
I'm at a complete loss as to how liberals and Democrats can defend (vote for) these very simple arithmatical policies that virtually ensure that the United States will experience financial destruction while simultaneously pushing back on cost-saving policies that will actully fix the problem.
America VOTED for this ****? Is America really this ignorant??
Well at least we agree on the state and federal pensions being a rip off.
A "President's Plan" is about as good single-ply toilet paper. It looks nice, but it doesn't get the job done.
He can put what he wants on his website. That doesn't mean he'll actually follow through. Just ask Harry Reid how well the budget process has gone for the past 4 years.
Higher taxes on the wealthy are estimated to bring in an additional $82 Billion annually. Since liberals are hell-bent on seeing this tax increase come to fruition, how do they intend to raise the other $1,000,000,000,000 in deficit for Fiscal Year 2013 and beyond?
Even more important, do liberals understand why the argument for higher income taxes on those making $250K and above is wholly and completely irrelevant compared to the outstanding trillion dollar deficit?
$82B is enough money to pay the interest on the national debt for 8 days.
Does this even register? Or are you just happy that Barack Obama won the election and everything else is irrelevant?
Other than jumping up and down on a forum and raving about they should do this and they should do that what would you have us do about the issue? ranting and raving on a forum for the next 4 years sounds rather unproductive and pointless and will accomplish absolutely nothing.
Go grab a beer and enjoy the rest of the day...
Higher taxes on the wealthy are estimated to bring in an additional $82 Billion annually. Since liberals are hell-bent on seeing this tax increase come to fruition, how do they intend to raise the other $1,000,000,000,000 in deficit for Fiscal Year 2013 and beyond?
Even more important, do liberals understand why the argument for higher income taxes on those making $250K and above is wholly and completely irrelevant compared to the outstanding trillion dollar deficit?
$82B is enough money to pay the interest on the national debt for 8 days.
Does this even register? Or are you just happy that Barack Obama won the election and everything else is irrelevant?
Hey, 98 wolves and 2 sheep just voted on what to have for dinner. Elections have consequences, they say.
Breaking news: the "unsustainable benefits forever" faction is also feeling emboldened by the election results.
Other than jumping up and down on a forum and raving about they should do this and they should do that what would you have us do about the issue? ranting and raving on a forum for the next 4 years sounds rather unproductive and pointless and will accomplish absolutely nothing.
Go grab a beer and enjoy the rest of the day...
Nice deflection.
Now, what exactly do you propose we do to eliminate the deficit since Obama's main campaign pledge doesn't do anything to reduce the deficit or the debt?
Remember, money is fungible. An $82B increase in revenues is not guaranteed to go towards deficit reduction. As I mentioned, that amount would only pay the interest on the debt for 8 days while making zero impact on actual deficits. And that's assuming that it's actually used to pay for interest on the debt. It could be spent on yet another government program.
Were you dooped again? Were you not paying attention? Or do you simply not care?
The Democrats have no serious plan to address the deficits. That was obvious during the debate when Pres. Obama blamed the debt/deficits on 1) Iraq; 2)Afghanistan ("two wars that were paid for on a credit card"); and 3)Bush tax cuts. These were all very minor factors, and Obama himself strongly supported going to Afghanistan, so in effect he jabs the finger of blame at himself there.
Let's face it, we will have a $20 trillion debt at the end of his second term. That's a mind boggling number. People always bring up the debt/GDP ratio, but to me it makes more sense to look at debt/revenue ratio. At $20 trillion we will be at roughly a 6.66 to 1 debt to revenue ration.
The Democrats have no serious plan to address the deficits. That was obvious during the debate when Pres. Obama blamed the debt/deficits on 1) Iraq; 2)Afghanistan ("two wars that were paid for on a credit card"); and 3)Bush tax cuts. These were all very minor factors, and Obama himself strongly supported going to Afghanistan, so in effect he jabs the finger of blame at himself there.
Let's face it, we will have a $20 trillion debt at the end of his second term. That's a mind boggling number. People always bring up the debt/GDP ratio, but to me it makes more sense to look at debt/revenue ratio. At $20 trillion we will be at roughly a 6.66 to 1 debt to revenue ration.
I'd augment that with reading comprehension and logic.
Fact #1 : Congress borrows MORE each year than it pays in interest on the debt. That’s what Bernie Madoff went to prison for doing in the private sector. No “investor” will ever see his principal returned. (2011 : $1.56 trillion deficit; $208.7 billion for interest payments)
Fact #2 : The public debt, in excess of 16 trillion DOLLARS cannot be paid off with “dollar bills”. Title 12 USC sec. 411 defines them as IOUs (debt). Debt cannot pay debt.
Fact #3 : The unpayable public debt cannot be challenged, pursuant to clause 4, 14th amendment, USCON. (Insane!)
Fact #4 : The public debt, in terms of gold bullion, computes to over 800 billion ounces of gold stamped into coin.
Problem #1 : Fort Knox Depository (allegedly) holds 147.4 million ounces of gold (approx. $2.9 billion gold dollars worth).
Problem #2 : World wide supply of gold is estimated at 5.2 billion ounces. ($104 billion dollars worth).
Problem #3: World wide mining (2011) : 88 million oz production ($1.7 billion U.S.) At that rate, for Americans to pay off the national debt, currently 16.25 T dollars, would require them to acquire all the worlds gold for the next 9,500 years - IF - the debt and interest were frozen RIGHT NOW.
Fact #5 : The public debt is a fraud. Why? Where’s the gold? What DID Congress borrow to rack up owing more gold than exists? Art. 1, Sec. 8 states that Congress can borrow MONEY (aka “gold coin”).
Fact #6 : The worthless notes are underwritten by over 300 million “human resources” via FICA. Without their participation, the notes would cease being legal tender outside of the government. Legal Tender Status
" Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
{Your labor and property are pledged as collateral on their bad checks. Don’t complain - you volunteered, according to their law.}
Fact #7 : All investments, bank balances, and accounts receivable, denominated in “dollar bills” are worthless, once enough Americans withdraw from FICA. Which may explain why the current regime it raising the trial balloon of “nationalizing” all private retirement accounts - for our own good.
Oh, in case you weren't informed, the bankruptcy in 1933 created a perpetual "temporary" State of Emergency that we have lived under ever since.
Senate Report 93-549
War and Emergency Powers Acts
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."
haha yeah, but that was what came up on my calculator. Don't tell Pat Robertson.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
