Meeting the National debt

Jump to Last Post 1-6 of 6 discussions (8 posts)
  1. American View profile image60
    American Viewposted 7 years ago

    http://s2.hubimg.com/u/5356161_f248.jpg
    Could this be how their first meeting went?

  2. American View profile image60
    American Viewposted 7 years ago

    Sorry it came out too small. I will redo it and post the new one

    1. American View profile image60
      American Viewposted 7 years agoin reply to this

      The text says

      Mr. National Debt. Let me introduce myself. I am President Obama. I will do everything I can to ensure your continued growth.

      1. Hugh Williamson profile image90
        Hugh Williamsonposted 7 years agoin reply to this

        Blaming this on someone else doesn't undo the damage that has been done. Partisanship got us in this pickle and to fix it we need to elect people who will put country first, not ideological fanatics.

        Boot 'em all.

  3. Hugh Williamson profile image90
    Hugh Williamsonposted 7 years ago

    I can't read the print but I assume this is related to the U.S. debt.

    Remember...the crisis began with a political ideology fight over who should pay for the fix and the debt ceiling was used as a weapon. The resulting mayhem yielded only a reduction in our credit rating (that will cost taxpayers billions), and a weak debt reduction bill.

    Does any political party or faction really expect a reward for this fiasco?

    Come next election, throw them ALL out. Everyone who is up for re-election must go -- they have all shown themselves to be unfit for the offices they occupy.

  4. Moderndayslave profile image61
    Moderndayslaveposted 7 years ago

    With things like this going on no wonder were in so much trouble.
    http://www.nytimes.com/2011/08/07/busin … r=2&hp
    I think the financial set call it "Strategic Default" maybe we all should try it?

  5. SparklingJewel profile image75
    SparklingJewelposted 7 years ago

    submissions from the Patriot Post today

    we must look at all perspectives, and not dismiss them just because we may not agree...we must be looking for the correct answers to the problems, which can be found somewhere between the lines of all the perspectives... hmm

    "The Obama administration and congressional Democrats are betting their political futures on the hope that the American electorate is ignorant and forgetful, and hence the memo has gone out to functionaries hither and yon, from David Axelrod to John Kerry: This is to be called the 'tea-party downgrade.' That this is said with straight faces bespeaks either an unshakable contempt for the mind of the American voter or an as-yet unplumbed capacity for Democratic self-delusion. Let us revisit the facts. The original debt-ceiling deal put forward by the Democrats totaled $0.00 in debt reduction. This would have fallen approximately $4 trillion short of the $4 trillion in debt reduction the credit-rating agencies suggested would constitute a 'credible' step toward maintaining our AAA rating and avoiding a downgrade. ... The Democrats have suggested that Republicans' refusal to accede to tax hikes is the main reason Standard & Poor's felt it necessary to issue a downgrade, the first in American history, last Friday evening. In their assessment of Standard & Poor's reasoning, the Democrats are acutely at odds with Standard & Poor's. The credit-rating agency did not call for tax hikes in its assessment. ... But S&P, along with the other credit-rating agencies, has long taken a position on one aspect of our fiscal troubles: entitlement reform. ... As anybody who has looked at our long-term deficit projections knows, entitlement spending is the major driver of our future deficits. ... Tea-party leaders, far from being a barrier to entitlement reform, have demanded it. ... The deal that finally did pass would have contained significantly more in deficit-reduction, except for the fact that Democrats categorically refused to consider -- is this sounding familiar? -- entitlement reform, the most important issue. ... Democrats believe that they have discovered a cartoon villain in the Tea Party, and they are hoping that American voters are gullible enough to be distracted by the political theatrics. Come November 2012, Americans should keep in mind both the insult and the injury -- to the nation and its credit." --National Review

        What does the downgrade mean?

    Opinion in Brief

    "It seems to me that, on any reasonable assessment, the gulf between the parties on fiscal policy is becoming more difficult to bridge, not less. Pessimism on that score seems entirely justified, so it's hard to argue with S&P['s credit rating downgrade] on at least that specific point. I do think the outlook for fundamental fiscal agreement before the 2012 election is bleak. After that, things could change dramatically for the better, or not. In any case, whether S&P is being fair or unfair to move at this juncture, the political standoff we're in is, sadly, necessary right now, despite its costs. Americans are in the midst of a great debate on the future of our society. Everyone seems to agree that the outcome of the next election will have a decisive impact on what kind of country we are -- or become. Will we retain our distinctively American characteristics, or move irrevocably toward the European model? ... Whether or not Barack Obama is reelected will be the single most important factor determining the direction we take. Nothing much will happen until that question is resolved, S&P notwithstanding. And for all the problems it causes, that is the way it has to be." --Ethics and Public Policy Center senior fellow Stanley Kurtz
    Political Futures

    "[On Friday] it was announced that the unemployment rate is 9.1 percent. The unemployment rate has now been above 9 percent in 25 of the last 27 months. [On Thursday] stocks fell 512 points. Consumer confidence has fallen again as has consumer spending. Manufacturing has slowed to the slowest pace in more than two years. GDP growth is a sickly 1.3 percent. Meanwhile, the national debt has risen to $14.8 trillion. Federal spending has risen to $3.6 trillion -- $700 billion more than just three years ago -- and continues to rise, despite the fact tax receipts have fallen to $2.2 trillion -- $300 billion less than three years ago. [Obama] promised that if Congress passed the $812 billion stimulus bill in 2009, the unemployment rate would be approximately 5.5 percent by November 2012. That would require that between 800,000 and 1,000,000 jobs per month (depending on the labor participation rate) be created between now and election day. Given that over the last quarter we've been running between 750,000 to 950,000 jobs per month short of that goal, what are [his] plans to boost the employment rate? [Obama has] announced [he's] going on a Midwest bus tour beginning the week of August 15 to focus on job creation. How many jobs [will his bus tour] create? Isn't it reasonable for Americans to conclude that [his] jobs-creation program consists primarily of borrowing money, deficit spending, and giving speeches?" --National Review's Peter Kirsanow

  6. SparklingJewel profile image75
    SparklingJewelposted 7 years ago

    ...here's a few more

    http://blog.heritage.org/2011/08/08/mor … ing%2BBell

    http://www.thedailybell.com/

    so now we have a patriot, a conservative and a libertarian view

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)