Oh, cut, cut, cut - you know you love it.
I just happened to come across an object lesson from the 70's:
This is from http://www.northropgrumman.com/analysis … -Trans.pdf
For example, in 1979 the program was
restructured following funding cuts by the Office
of the Secretary of Defense (OSD). From 1980-
1982 the Air Force zeroed the program budget
only to have OSD reinstate the funds.
Additionally, the program experienced periodic
critical reviews by the General Accounting Office
(GAO) and the Congressional Budget Office
(CBO) on behalf of the Congress.
What program was that? It was called NAVSTAR then, but it became what we know today as the system that makes GPS navigation possible.
Rather important, and of course even getting to the point of having funding trouble would have been impossible without that useless space program..
Of course the budget hawks had no idea how important GPS would become to our military, to surveying, to construction, to safety and to our individual convenience - but "no idea" is a pretty good summary of all of you anyway, isn't it?
Well when you are in emergency and everything has to be out on the table.
its like one of those episodes of hoarders - do you give up your stuffed frog collection to keep your home.
U..S. is insolvent, it borrowed from 20 years in the future to fund the expectation of limitless GDP growth, now the bill is due.
Increase taxes on those who have the money. And please don't bother to sing the "they produce our jobs" or "why should they pay more?" nonsense.
We could solve all our problems in a year if we really wanted to, though 5-10 would make it less painful on those who suffer from having too much income.
But you won't understand that, so why do I bother? As I said, no ideas and no clues about anything. Just the same old right wing junk we always hear.
Nope, I am not a tax cuts for the rich advocate. What the U.S. needs is a 10-10-10 program.
- 10% increase in taxes for everyone including corporations
- 10% across the board cut in programs including medicare, SS and military
- 10% tariffs on foreign imports.
Wow I could be president
That won't come anywhere near fixing the issue.
A 45% reduction in spending. That doesn't solve the overtaxation problem, but it does balance the budget.
I am for that but now for the hard part, Where?
Shut down two thirds of the military across the board, withdraw from every country you are involved in, shut down two thirds of the CIA and the FBI - and use the get out of financial jail card that Japan and China are lending you to create an industrial base to employ all those redundant people.
I was waiting for Wehold but he must be doing his taxes. You have the right idea though. Two thirds may be a little steep but it has to be looked at.
If you said do not start wars like Iraq or Libya I would say yes, But to cut the military is ridiculous! If we didn't have a strong military we would be attacked! I don't think you would be saying that if your girlfriend, Wife, Sister or mother was being killed or raped by invading armies.
You need to really Dig on why we really are where we are today it might surprise you. Also learn about the "Cost Plus" payment system for contractors like Haliburton, its disgusting. We are on crusades for resources more than defending ourselves. Learn about how our country is running covert ops to start problems in other countries
You are totally correct! the problem is these right-wingers can not see the truth if it hit them in the face. They should read Mother Jones, should explain everything, but they won't they believe what Fox and Rush Limbaugh tells them! they do not know how the Military/Industrial system works. It is like talking to a brick wall. Nice post.
Please It doesn't make a difference why we are a threat now! We know Bush's war in Iraq was wrong, But also the same for Libya! What is next Syria? Both sides are wrong! But Obama is trying to turn us socialist which will be 100x worse! He is a wolf in sheep's clothing! His Church! his associates His cabinet and his books all tell the same story! Socialism and George Soros is a main factor trying to do it in disguise of helping people! you should investigate and read that!
Bush's adminstration was not just wrong. It was unconstitutional, illegal and VILE.
Yet, you glide over it as if, "Oh well, move on--no big deal."
Now comes you wanting to tear Obama a new a-hole......
While telling everybody you are a Democrat.
Something does not compute here.
First things first. We do not let Bushco just "slide".
Then you can tell us about Obama and Soros.
Until then, *fingers in ears*--"lalalalalalalalala"
Very good mature way to debate....Can't hear you my fingers are in my ears! I'm curious how old are you? I think my kids use to do that when they were like 10 years old. Bush was wrong I stated and that isn't good enough! I couldn't wait for him to go and was upset Kerry LOST! it is OVER he is GONE!!! now we have someone even worse than BUSH. He is a sneaky lying socialist! who is trying to transform America! he said it himself! his books say it, his cabinet says it his associates say it. His church is Anti- American. He has been president for 2 and a half years and congress and house was all democrat for 6 Years! they did nothing but make it worse! Your Messiah did not even get congress approval to go to Libya! Started another war said he would pull out of Iraq and Afghan, he hasn't he added more to Afghan! You hated what Bush has done but your Messiah had power for 2 1/2 years and did nothing and added to Afghan! you leave that out! don't you see how they lie? BOTH SIDES!
You people NEVER get it.
I do not share your views on Obama...you act like I HAVE to-just because of how I feel about Bushco.
They are night and day.
You choose to focus on Obama, and just brush over Bush..your choice.
I choose not to brush over Bush.
I choose not to listen to your outrage---when mine has been ignored.
Call it childish if you want...
I call it selective outrage. My outrage is already taken!
You are so dam brainwashed it isn't funny! I said I wanted bush to lose the second term! bottom line is he is done! GONE! now we have Obama and he is even worse! you can't even admit he is doing a horrible job! you want to play on all bush's fault when in fact the dems had control of the house and senate for 6 years! Obama 2 1/2 years and added more trillions to the deficit! your just an angry person who hates the rich because you must be jealous. likes to blame others instead of taking responsibility for your actions! I believe your the type of person who doesn't care about the country and wants to see it ruined and then you will be happy that everyone is miserable with you! I truly feel this is your true feelings, everything goes to this direction. very sad for you.
You have 0 idea of what you are talking about.
Don't ever tell me how I think or feel..it is so far apart from reality, you are not even in the vicinity.
Bushco is not done...they still walk the streets.
You may forgive and forget, I don't.
And that doesn't make you right! you are wrong on so many levels with your hate! It is clear that you are miserable and want the rich to be miserable also. You don't care if everything falls apart because you blame everyone else for your actions. I see how angry your getting what makes it know it must be 10000% true, You can say what you like but your actions and words say otherwise!
Oh OHKAY...I am not right about how I feel....YOU know better how I feel.
And what actions of mine are making everything fall apart??
For crying out loud...do you hear yourself?
Here--I'll make you feel better: your little King got away with murder, and more.
Your little Boy will be blamed and take the fall for it all.....now, you feel better??
Egomaniacs run the world.
But Bush through two countries in to turmoil and now Obama has to get them back in to working order, he is cleaning up Bush's mess.
And again, you keep saying socialist like it is a bad thing, every country needs some socialism, just like most of the worlds modern countries have some form of national healthcare system, fire departments, and police forces.
There are some things people just shouldn't have to worry about.
I can handle some socialism, but not the socialism Obama,George Soros and the rest of the socialist are trying to do! they want to collapse the US economy to try and bring a pure socialist agenda. They make it look like they are for the poor and middle class when it is all a game! they are keeping many down and want more to be down so they can give welfare and other programs and say the republicans are evil so all these people who are down and depend on the government will vote for them! Obama is a socialist! have you read his books? do you investigate who his czars and cabinet are? Who he associates with? these are all clear as day! How about the Anti-American Reverend Wright and his church for 20 years? Then he LIES and says he never heard him speak like that, but dedicates a book to him and says he is a mentor? He said many times he wants to transform America? Even his Wife said for the first time in my adult life I'm proud to be American? This doesn't prove they do not like America? You have to be blind not to see all the signs.
What exactly has Obama done that is socialist?
For the record I think that a lot of the current problems are due to the bank deregulations instigated in the Bush-Lynch partnership. The 'cutting the red tape' deal was a great way to suck financial customers even drier, and foreclose earlier.
Considering you are calling me brainwashed you seem to be spouting a lot of the disproven propaganda.
Oh, I don't know.
Nationalizing the banks?
Nationalizing the automotive industry?
Nationalizing the healthcare industry?
What could it be?
Great if he'd actually done any of that but a bail out doesn't equal nationalisation any more than you lending a mate a tenner means that you own him body and soul.
But if you buy an ownership stake in him it does.
And allow him to buy it back, or even require him to buy it back?
The Left, that would be where you are, attempt to criminalize policy differences. That is another reason why you must be defeated. You do know your end is coming, don't you?
Perhaps that is best.
Good recipe for a global depression. Review the impact of the Hawley-Smoot Tariffs.
You do know, don't you, that socialism has *never* worked anywhere it has been tried? Sometimes, way sooner than expected, you run out of other people's money. I *really HATE* you socialists.
LOL. You are a cowardly, thieving, idiot.
It is always good to hear from those who have zipped right past socialism straight to tyranny. Bravo! Bravo, I say.
Are you attempting to say we should always keep our military budgets intact?
Or are you making the fallacious argument that everything government spends money on turns to gold?
Either way, I'd suggest you get a bit more serious if you want praise for your rhetorical nonsense.
No, I'm simply pointing out that cutting without the brains to judge value is a recipe for disaster.
We would be far better of to raise taxes on your favorite rich folks before cutting ANYTHING. Not that there are never things to be cut - but that other very important programs get cut by clueless fiscal conservatives.
I'm done with this. I've made my point and find it near impossible to remain polite when I have to deal with responses like yours. That you don't agree is quite understandable. That so many others are in agreement with you is beyond sad and honestly approaches downright frightening.
Federal spending = very little of value. We squander trillions by cycling it through the federal government and it bothers you none. So, please don't talk to me about making value judgements.
For instance... Social Security... 16% of your earnings. You don't own it. You can't keep it. If you die before you collect, it's lost. If you do live long enough to collect, it's so small it's absurd.
If you just saved it yourself, you'd be wealthy at retirement.
So, why do we do SS instead of intelligent use of money?
Would that include those who didn't earn enough to save?
Wehold, If the United States were to cut our budget for the military then it would make the US vulnerable to outside attacks. People respect us because of our military.
Oh, and that is not fact, that is logic speaking. Facts are not needed where logic resides, because logic is an understand that anyone can get on their own, (if only they pay attention to the world around them).
Not true at all. Facts beat logic every time. Logic is based on what you know, facts are not. A long time ago it was logical to believe that the earth was not round.
How would the US be vulnerable to an attack? Who would attack us?
I never claimed which was more important but, you are right. Logically speaking, facts beat logic every time. But, you may not require certain facts, if said logic, is common knowledge. That is the point that I was driving at:
That the if the military spending was cut, then we would be more vulnerable to our enemies.
Also, we are in three wars right now, we HAVE enemies.
And if you invaded my country then you'd have even more enemies!
I can, however, think of a couple of good reasons for invading the British Isles(to include Ireland.) One, some very fine whisky(ies) and beers. Two, some very fine women. Three, some very fine scenery and fourth, I want an Astin Martin and I don't care how I get one.
I missed this little gem earlier !
Force does not engender respect it creates hatred - logically. You come to my place and I will lock you in a shed and beat you every day with a chain over a few months - when I let you out you tell me how much you respect me !
Logically - it is the military itslef [that appears to be running the US currently] and the destruction that logically goes with them that logically creates the counter-attacks on the US and its interests.
I love Northrop Grumman. And I love what GPS has become. It is important to the stakeholders to make the case for an unproven technology. There are relatively few winners (as GPS is) and many losers.
So cut away.
Oh the irony. Your example is the ONE place D's and Lib's like to cut. However your primise is valid, lot's of government funded research, done mostly by contractors produces GREAT tech advances.
Raising taxes????? cutting spending?????
Where did you people learn about economics under a debt monetary system?
The truth is, that if we quit borrowing, our system begins an immediate collapse. Money is created when debts are incurred and money is extinguished when debts are paid.
No money is created to pay interest on any loan under this debt system, so when we are forced to borrow to create money, we are always creating a debt greater than the debt money supply.
Exampe: If you borrow $100.00, at 10% interest, you are creating 100 debt dollars, but have created a total debt of $110.00 Multiply this process by billions of loans, and you can see the problem.
Under this system, we must borrow in order to have a medium of exchange.
If you have money in an IRA, 401K, pension plan, savings account, checking account, pocket, wallet, etc., etc., you could not possibly have that money unless someone else in this system, either individually or collectively, borrowed and spent that money into circulation, making it available for you to capture through commerce. That money is the debt principle of someone else's loan! Example: I borrow $100.00, and spend it at the grocery store where you work. Your boss pays you with the debt principle of the loan I spent into circulation, which he captured through commerce.
If all loans were paid off, we would't have one cent left in circulation, but would still have massive debt!
The difference between wealth and money is that you cannot spend wealth until it is converted into money. There are only two ways to do that. A person must either sell some of his wealth, or borrow against it. Either way, if the amount is large enough, the bankers will usually get their interest collecting glommers on someone.
When government borrows and spends it in, they are creating debt dollars. You and I have to pay that debt in higher and higher taxes.
Whe businesses borrow, you and I pay their loans and interest in the higher prices they charge for goods and services, (cost of living).
Raising taxes or cutting spending will solve nothing! The way money is created and how it gets into circulation is where the problem lies. Earning money and spending it in rather than borrowing at interest, is the way to go, but we would have to get rid of the federal reserve and it's fractional banking debt monetary system. All the rest is smoking mirrors and BS.
Wow! So very few people understand the concept of debt-based money. I thought maybe I was going crazy, and was about to make an aluminum foil hat for myself. Just need to say "Thank You," I'm grateful to all those suckers who took on debt so I can have money.
Jed, It is hard to tell whether you are being facetious or not.
Those suckers you talk about, had no choice. Think about it.
Money has to have an origin. Your employer didn't always have it, and neither did you.
All the information I based my post on was received from the U.S. treasury, and the federal reserve.
Some friends of mine wrote to the U.S. treasury and asked "how is money created"?
The answer they received from Russell L Munk, Asst. general council of the U.S. treasury was that "The actual creation always involves the extension of credit from private commercial banks".
They then wrote and asked, "If all money is created through loans, where does the money come from to pay the interest on the loans"?
The answer they received from Mr. Munk was that, "The money needed to pay the interest on all other money, comes from the same source as all other money".
With the government, it is the same. Congress borrows through bonding and other debt instruments. This borrowing is on the American people's credit card.
The bankers hammered out the original federal reserve act back in 1910, on Jekyll Island Georgia. However, the legislation wasn't adopted until 1913, under suspicious circumstances.
If you do a search on our nation's indebtedness from the inception of the fed, you will find that we have gone continuously further and further into debt.
It is common knowledge that the first 4 or 5 months of the average man's productivity is sucked up by government in one way or another every year.
Just servicing the interest on our growing national debt will soon become unmanageable.
If you add up total debt, which includes government debt, corporate debt and personal debt, it comes to around 60 trillion. Add to that another 60 trillion in unfunded government obligations, and you can imagine the dire straits we are in. This doesn't even take into consideration the derivative
debt that's out there.
The interest on this debt, grows 24 hours a day, 365 days a year.
If you have any debt at all, you are one of those suckers! If you have a mortgage, car payments, credit cards, etc., etc., you are in the same boat with those suckers. I have a credit card, so I am occasionally one of those suckers.
When congress passed the federal reserve act, they actually made the majority of the people financial slaves to the fractional banking debt system.
If you read up on the history of the fed, you will find that Senator Nelson Aldrich, arranged for the bankers to meet in secret, for the purpose of conjuring up the fed res act. Nelson Aldrich was the maternal grandfather of Nelson Rockefeller.
Two of the bankers present at that meeting were J.P, Morgan, and Paul Warburg. What is strange about those bankers meeting in secret? They were competitors. Competitors meeting to form a money cartel. They succeeded.
Hope this helps people understand.
I hear you, brother. The Fed balance sheet, the measure of how many dollars the Fed actually printed, is about 2 trillion. The total amount of US Dollars, globally, is 900 T. That includes 600 T of international banking derivatives. Money, leveraged 450 to 1. The Euro? Every single Euro is backed up by one US (euro) dollar. But, Euros cost 1.35, but the Euro Dollars that back them, cost 0.98. (Wow, somebody is getting rich off that scam!) The Fed has about 8,000 metric tons of gold to back its reserve notes, otherwise known as cash money. As per Adam Smith's advice, I'm debt-free and in good health.
For some light reading, anyone can check out the Bank of International Settlement web site. (bis.org) Good stuff, totally transparent, very helpful.
You are totally correct! the problem is these socialist can not see the truth if it hit them in the face. They should read Modern Money Mechanics, should explain everything, but they won't they believe what NPR and Msnbc tells them! they do not know how the fractional reserve system works. It is like talking to a brick wall. Nice post.
"then we would be more vulnerable to our enemies."
Cave dwellers no doubt.
I am not ready to tell you how many things are confusing about that statement... SO:
The US is currently in three wars, as I have already stated. They are still in the Iraq war, they are engaged in Afghanistan now, and we have started a war in Kenya.
Our enemies, by rudimentary thought, would not be cave dwellers. They would be people like terrorist bombers and people of a stealthy nature.
And what have all those three wars got in common?
Answer, all three countries have been invaded by the US and UK.
Do you really expect such behaviour not to make enemies?
In asymmetrical warfare a cave is a very good place to plan devastating attacks.
New memo just out today from the 'freedom of information act', "Plans to exploit Iraq's oil reserves were discussed by government ministers and the world's largest oil companies the year before Britain took a leading role in invading Iraq, government documents show." What I am saying is these are your enemies.
But it was okay when we bailed Europe's ass and several other countries ass out, how many times? Then rebuilt friend and foe alike on the backs of the taxpayers of this country. Sure sounds like and evil empire to me.
A slight difference there, you bailed Europe out once and that was in the face of an active enemy who was actually invading and occupying other countries.
If you had been as willing to muck in with WWII as you are to invade other countries today then there may well have been less need to rebuild the European economy.
"Then rebuilt friend and foe alike". There alternate theories of history on this. One thing is clear; after WWII, all the world's industrial economies had been destroyed save one, wherein the US became a world empire. US still has military bases in these foe's rebuilt countries.
I think that there should be increased taxation on the rich. For a while I was for a flat rate tax, after all a percentage means teh rich pay more inherently. However someone on this site directed me towards some economics books which I read, I also dug out some case studies, and historic examples. It seems that while flat rate seems fair to me, it generally ends up with the rich becoming disproportionately rich.
I think that the rich need to be taxed at a higher percentage. I also think that stricter regulations and enforcement of rules need to be put in place to prevent the huge amounts of tax evasion which occur.
Danny - Who are you expecting to invade your country, the Vikings?
SN53 - Socialism works in moderation, after all who pays for your roads, your schools, your fire department, your police force? Who pays for your army?
While I would agree that complete socialism does not work where it has been tried, and I don't think it would work, the political scales are far from black and white. There needs to be a balance between providing for the people and giving people the incentives to succeed, for themselves and for the country.
Yes, we don't have to worry about Iran, north korea, Most of the middle east. nobody would want to attack. Please.
Why would they want to attack you, please, unless maybe, just maybe, you attacked them? Embargoed them? Threatened them?
My mom told me yesterday that she read an article about the 5 happiest country's in the world.
Finland all made the list.......
We in USA, are kind of like a caste system, don't let anyone tell you otherwise.
Happiness is for those who can afford it.
Okay. So you are a thief. Got it. You are anti-American, for our founding documents protect property whereas you would plunder it.
This is the root cause of tyranny.
And this is why soft tyrannies become hard tyrannies with full prisons, rape rooms, torture and murder.
Are there no illegal Mexicans? Where did they all go?
Well no. It really doesn't.
Perhaps you do not understand. Or maybe the term is not entirely useful. How about statism?
I do not disagree with paying taxes. I disagree with paying taxes for things that are not constitutionally based.
I posted this somewhere else but it bears repeating here. The working class built and fought for this country and the financial and ruling classes destroyed it.
those are those lil hawks that are half the size of regular hawks. There really fast and cute lol.
by fishskinfreak20085 years ago
Web-site/URL: http://news.yahoo.com/s/huffpost/201002 … UtY2xhc3M-More evidence that the worst recession since World War II is still NOT over and won't be until we see some spending and there is a TRUE drop in...
by DTR00055 years ago
With unemployment still hovering around 10%, should the new "Freshman Class" in the House of Represenatives be hellbent on killing Obamacare or more concerned with job creation?
by zzron4 years ago
Maybe the word hate is a little strong. So why do people dislike President Obama and the way he is running the country? Are you an Obama fan? Yes, no, what is your opinion of Obama and his policies?
by Jed Fisher5 years ago
With 12-month treasury bond rates at 0% -- that's right, zero percent -- and the 30 year treasury bond rate at 4.3% it means it is a great time to borrow. It Does not mean the Government has to spend the money, just...
by Harvey Stelman6 years ago
Our Politicians think they can. Tell me if you or the government can; and how?
by Grace Marguerite Williams2 years ago
Obama indicated in his promissory speeches that he would improve America? However, he has done nothing of the kind, in fact, he has made America much worse since his takeover in the White House. Do you think that...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.