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Let me ask you when you are in debt barely paying for your house do you keep spending or stop spending and pay down your debt?.
The question you need to ask is what you do with the unpaid bills on the desk. Do you pay them, or do you file bankcrupsy. Those are the only options the government has.
There is no such option as to say "oh, please I promise I won't spend more if you just take those bills away". The bills are not going anywhere.
The US only has around 60% of debt as a percent of GDP. Greece - the country expected to default sometime in the next couple years - has 90% of debt as GDP. Many European countries typically run much higher debt than the US, yet are still solvent. Japan has reached 160% of debt as GDP(!).
There are a economists out there who believe debt is key to economic growth, since it keeps money flowing through the financial sector and allows for the creation of more wealth through interest.
Do you have a link for that? I'd like to read it.
How is Japan at 160% debt ratio if they are one of our biggest creditors?
A $787 billion dollar slush fund for democrats called a Recovery Act, and a blank check to F&F, after them stating they each need $400 billion in bailouts, this is not "paying the bills".
OK, now you played your record one more time, and the bills are still on the desk unpaid.
The question you need to ask is what you do with the unpaid bills on the desk. Do you pay them, or do you file bankcrupsy. Those are the only options the government has.
There is no such option as to say "oh, please I promise I won't spend more if you just take those bills away". The bills are not going anywhere.
You are missing the obvious. We all know that we can't default on our loans, thus we need to borrow money to pay our bills. But at what point do we say, "Gee, maybe we shouldn't spend so much, so our bills won't be so high next month"? You would think that once you get to the point where you have to borrow money to pay your bills, you would realize you need to reign in spending.
The right gets no free pass from me on this. Bush is as guilty as anyone when it comes to running up our tab.
If Obama wants to be a real leader and really change our nation for the better he needs to step up and say "ENOUGH" and stop the out of control spending.
Spending is one area where both political parties are most similar. While they disagree with where money is spent, neither has the courage or the will to do anything about it.
The right will appeal to peoples fears and spend money on the military and security apparatus required to enforce a broad empire and give the illusion of money spent equals safety. The left will appeal to those needs domestically that the right dismiss as needing addressed. Then out of fear as being seen as whimpish, will also attempt to capitulate to the desires of the right.
Ultimately we end up with two basic philosophies. One is tax and spend and the other is borrow and spend, and again, the one common denominator is "Spend".
OK, now you played your record one more time, and the bills are still on the desk unpaid.
Again, you can't pay the bills with your tears.
You just don't get it! We KNOW we have to pay the bills.
The point is. If we hadn't wasted 800b on porkulous we would be in a better position to pay those bills.
The question you need to ask is what you do with the unpaid bills on the desk. Do you pay them, or do you file bankcrupsy. Those are the only options the government has.
There is no such option as to say "oh, please I promise I won't spend more if you just take those bills away". The bills are not going anywhere.
I havent said you dont pay the bill you owe
I am saying today right now you dont create a new one and you actually cut some spending.
You dont think we can cut out say pelosi not being able to use taxpayer money to buy flowers?
Or paying for how many was it to went to that climate meeting? We didnt have to pay for all of them to go and all of their hotels. If we need to bre represented someplace 1 person can go,Stay at the motel 6 and eat noodles if they want more it comes out of their own pocket.
Democrats say there is all this waste in Medicare well why dont they do something about that now without a healthcare bill. Just do something about the waste
No more entitlement programs. No more pay increases for gov employees. No more pay increases for elected officials
A republican has put forth a bill that they should all get pay cuts each year the budget isnt balanced. I am fully behind that. Make them have a reason to balance the budget
The question you need to ask is what you do with the unpaid bills on the desk. Do you pay them, or do you file bankcrupsy. Those are the only options the government has.
There is no such option as to say "oh, please I promise I won't spend more if you just take those bills away". The bills are not going anywhere.
I am saying today right now you dont create a new one and you actually cut some spending.
You dont think we can cut out say pelosi not being able to use taxpayer money to buy flowers?
Or paying for how many was it to went to that climate meeting? We didnt have to pay for all of them to go and all of their hotels. If we need to bre represented someplace 1 person can go,Stay at the motel 6 and eat noodles if they want more it comes out of their own pocket.
Democrats say there is all this waste in Medicare well why dont they do something about that now without a healthcare bill. Just do something about the waste
No more entitlement programs. No more pay increases for gov employees. No more pay increases for elected officials
A republican has put forth a bill that they should all get pay cuts each year the budget isnt balanced. I am fully behind that. Make them have a reason to balance the budget
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