just how are the republicans proposing to reduce the deficit of a trillion dollars when cutting...
ALL discretionary spending would still leaverhundreds of billons in debt? what part of defense, social esecurity, etc are they going to cut?
They'll cut anything that doesn't affect their own lifestyle and spend millions on propaganda blaming Obama for it all even though he wasn't President when the collapse of the economy occurred.
The white middle class of America who have found themselves in the same position as the working class (black and white -who have suffered for years whilst govts ignored the problems) ie unemployed and lost their homes are remarkably galvanised now. Yet they still don't get it and the Republicans will say and do anything to get re elected.
Republicans don't give a hoot about the poor so the cuts will start there and then work its way up.
They are not going to cut the deficit, it is all talk. If they really cared, they would try to make sure the Bush Tax cuts expired because that would cut $280 billion a year right off the deficit. It was just a slogan to get elected.
Have a great day.
Please read my response in its entirety before judging it. Thank you.
First of all - I am glad the tax cuts were extended because it enabled me to keep five affiliates. We had actually postponed some projects because we were unsure of how much cash was free to pay affiliates.
Most of our clients are business owners -- who were holding their breath about the extensions - not because they are selfish, but because they want to employ people, but if taxes increased, their budgets would be greatly reduced.
Furthermore, why is it that two people simply living together can make $200,000 each, for a total of $400,000 annual household income, but a married couple can only make $250K before they are pushed into the next tax bracket? Unfair.
Where we need to cut back is in controversial spending - anything that is not directly related to defending our country and supporting the majority consensus' view of citizens' well-being.
These bailouts - which were first done in 2008 by a democratic congress, signed by a republican president - are ridiculous. Monetizing the debt is ludicrous. Giving tax dollars to big bankers -- wrong. Printing more money - outrageous. Reduce spending, period. But, let people be rewarded for their hard work & diligence -- not penalized with higher taxes. Why is anyone owed anything from someone else. They're not. PERIOD.
We had a tough year in 2009 & part of 2010 -- at times didn't know how we were going to buy groceries. But we refused to apply for government assistance because we believe the system is corrupt. yes, I know we pay taxes to support it, but -- I just couldn't do it. Rather, we prayed, trusted God ( I know that won't sit well with some people - but let me tell you, without our even telling a person about our financial situation, God put our family on other people's hearts, who responded by bringing groceries or cash - saying, "We just felt God wanted us to give this to you.") Through diligence and hard work, our business has turned around and is thriving again. (This was the second time the proverbial "bottom fell out" -- the first time was a few years ago, and we were on gov't assistance for 6 months - food stamps only. But we determined - never again - and stuck to it.)
I am not entitled to anything, nor do I feel anyone else is. We give over 30% of our income to help others - on our own, without anyone telling us how to spend the money. And - with these tax cut extensions, we are able to help three college students, a family in Germany, a single mom earn decent money.
A lot of reform is needed in our government spending.
they will try to downsize social security and medicare before they propose downsizing the overbloated defense budget.
they will rail against obama care while they visit the doctor on our dime!!
by IslandBites 5 years ago
This year, the deficit is projected by the Treasury Department to exceed $1 trillion, an increase from $779 billion last year. That comes as the United States’ national debt exceeds $22 trillion.Four years ago, when a slew of Republicans were running for president, then-candidate Donald Trump was...
by Don Bobbitt 11 years ago
Are our politicians really this Stupid? Or are we that Complacent as voters?It isOct.15,2013. Is this day going to go down as another "Day of Infamy" in our History,or will we and the rest of the world just laugh the budget impasse as another example of our beloved politicians just being...
by Ralph Deeds 12 years ago
Here's a small idea for the Super Committee that's supposed to report on how to achieve a trillion dollar savings in the federal budget by November 23--stop paying pension costs of Defense and Energy Department contractors.http://www.nytimes.com/2011/11/13/busin … f=businessI wonder what the...
by logic,commonsense 13 years ago
Read an article on MSN that the projected deficit for this year is 1.5 trillion dollars. Makes bush look like a piker with his measly 3-400 billion dollar deficits.Course there will be those that forget that bush is no longer prez and will find a way to blame him.Obama and the Dems own...
by SheriSapp 9 years ago
Why do the liberals insist on more deficit spending when the nation is BROKE?Why do the liberals REFUSE to understand that the deficit spending MUST be stopped or the nation will become premanently bankrupt?
by Kat 12 years ago
Alright, so I have a question & I would appreciate not being attacked. With the debates and election coming up, as usual, one of the big topics is the national deficit.My question is this: Who do we owe that much money to?It keeps going up, why? Where is all of this borrowed money...
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