I've seen so much in this forum regarding Obama. With or without Obama the deficit is the largest issue in the US today. In the face of this truth, how can we afford more spending? Obviously we have to address budget cuts. With budget cuts alone we will only be able to pay the interest on this amount of debt. How can we raise revenue in a depressed economy? Your thoughts?
http://www.washingtontimes.com/news/201 … s-economy/
My wife and I just finished watching the documentaries 'Sicko' and 'Waiting for Superman'. Between the deficit, education, war mongering, the financial system, health care, looming peek oil crisis and population explosion, I think this countries next two or three generations are pretty screwed. It remains to be seen if the third and fourth generations will have a better future.
The government is fine. There is enough money. Fifty-three cents of every tax dollar goes to the maintenance of the over-there military empire, and therein lies the problem. Think they are going to cut that? Think again.
Not that they will not cut defense spending, because they have and will do more. The problem is that they will immediately re-alocating the money. SO...what ever savings is achieved is immediately spent...
What about the $130plus billion we give in corporate welfare every year? Are they going to cut that? Nope. They are more concerned with NPR.
Cotton Council International, 20.3 million. Money went to develope a tv program in India. The New York Times - by Ron Nixon
San Diego has so much in Federal Grants they can't spend it all!
"The city currently has a $30 million balance in its federal line of credit" KPBS Public Broadcasting (California) - by Joanne Faryon
76 Million to produce ethanol from pine wood chips. Never produced a drop!
Green-energy plant sucks up subsidies, then goes bust
The Washington Examiner - by Timothy P. Carney
I could go on and on....Of course those on the left will simply say TAX THE RICH! Those on the right will say LOWER TAXES! Its crazy.
I agree Tex government subsidies should be eliminated especially the one for ethanol but there is also no reason to fund NPR or the arts! Still that's only a drop in the ocean of debt Obama has created!
Don't forget the debt Bush created. And it's pretty easy to show that the financial crisis happened on Bush's watch too. I think Obama is left picking up the pieces and doing the best he can.
Obama is having to deal with a mess that was left behind. However, if this is the best he can do, we need new leadership. It would appear he is making a bad situation worse. I will say this, the congress is the bigger problem.
Lol! Liberals still blame Bush... what did he leave one trillion... Obama is only in office 2 years and his debt is already 5 trillion!!! If that's the best he can do then its time to replace him!
It is interesting that the money being used to finance the War is being laid at Obama's door, yet the war was already in progress before he took office.
Lady love, get off you pedestal, and come back to reality would you.
This country has been screwed since it's inception, so please.
Government hasn't properly approached the Economy, much less the Deficit.
Too many agencies, too much spending, too many entitlement programs and just too much B.S.
by Alex Frias7 years ago
Question. If the Bush-era tax cuts were so popular and such the "economic reality" as it's being coined, then why did Obama fail to see this until recently. Where was his voice in favor of the Bush...
by Barbara Badder7 years ago
I'm curious what everyone thinks of the cuts planned to lower the deficit. In my opinion they are aiming them all at the elderly and poor. What does everyone else think?
by SparklingJewel6 years ago
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by John4 years ago
How do you think cutting the federal spending will help the economy?
by Steven Dison5 years ago
Should there be more cuts to budget in the short term, even with the threat of austerity looming?
by Josak5 years ago
I think it would be great if we could debate the economy not on the basis of "commonly known" or presumed but on the basis of provable facts with sources. I'll start, US deficit for 2009 (last budget made by...
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