Debt

It is funny how when the boat season arrives politics goes to the back burner. We have some important decisions being made on our National debt and our debt cieling. It will come as no surprise I think we have a debt problem, not an income problem. I dotn see any of the proposed solutions making a dent in this problem. I am glad the young republicans are sticking to their campain promises but the Senate and our pres have become the party of no. It is so clear to me that you can not survive a budget that relies on 40 percent of your spending being on credit. Why can democrats (and many republicans) figure this out. Historically the US govermnment has collected taxes at the rate of 19% of GDP (It does not matter the rates, that is what we collect) to me that is where the budget cap should be. I heard we currently are spending 25% of GDP and heading to 40% in the next few years. I see the situation as democrats acting like spoiled kids used to getting what they want and never considering how hard others work to provide for them. this forces republicans to be the fed up parents and finally put their foot down and just say it is going to stop. Of course the spoiled will complain vigorously when they do not get what they are used to, But complaining the loudest does not make them right, just loud.

I think we need the balanced budget amendment to be passed in this country. Until that happens, this deficiet spending won't stop. I also think that everyone should pay tax, and not just the top 50% of earners. Everybody in this country needs to have some skin in the game.

I think the only way we are ever going to see REAL change is to continue to vote in Tea Party types, and take the Senate, and White House. We made big gains in last Novembers elections, but, you can't do it in just one election.

Its also very interesting and encouraging how the national discussion and focus has been on our debt and deficeit spending. Encouraging signs the country is waking up to this mess.

The press may influence some, but, I have to think that most Americans know what the real score is and that the "accomplished media" is in the bag for any democrat/liberal. They sure didn't stop the landslide election last November that swept the Republicans back into control of the House.

I believe the "Debt/Deficeit Spending" will be what the 2012 election will be based on. Its very obvious Obama and the libs are only giving it lip service and have no intention of getting this situation under control. It will take another big Coservative sweep in 2012 to change the situation.   

OnOneWheel.....I am surprised you didn't include the Democrat's video of Paul Ryan rolling Grandma off the cliff in her wheel chair.

You don't give much description of who you are, or where your from in your profile, but, I suspect you are a Madison WI liberal based on one of your posts. Thats fine. Love a good debate, and its always fun/interesting to have a liberal perspective. I think you pretty much hit all the liberal talking points.....

- tax the rich
- the Republicans want to hurt grandma and grandpa
- dems are "fighting" for a better life your children

I agree whole-heartedly with you on one thing, it wasn't just the Dems that got us into this mess. The republicans are not blameless. They sure did go along with some big spending in the past. Bush is a decent man, but, he wasn't near conservative enough for me.

However, the key point is, with the Tea Party Republicans being swept in back in November, the discussion is now changing to one of getting this nations debt and over-spending under control to keep the USA from becoming Greece....which is the path we are on now.

Paul Ryan (Congressman from Wisconsin) had a plan to try to save all the entitlements for us, our kids and grandkids. Obama tossed him right under the bus for it. Yet, he has no plan of his own.

We need a balanced budget amendment to be passed to solve this nations over-spending habit.   

no one ever mentions the 3.7 trillion on Bushes war, im not anti-Bush, this *************** fell into Obama's lap along with the blame, we all know it was a train wreck waiting to happen

you'll adapt. We went to war for oil, but didnt get any oil. you been to the grocery store lately? fcn gallon of milk was 4.59 wtf
people laughed at the thought of the y2k bug, not so many laughing with the thoughts of an economic collapse...it really is feasible that the economy could collapse, being an American we're numb to this stuff and have a look the other way attitude and it will all work out. we've discussed the subtle changes that go un-noticed but are catching up....its happening in Greece, Cleveland went into default in the 80's.
you really cant say this is a conspiracy theory because it is in front of our eyes happening, like i said were numb and have a "this cant happen to us" attitude

Which is why we need to turn the ship around, unfortunately it is a ship and not a CC so we can't just whip it around.   

It is funny to listen to some people to what people think and we need for the country. Last night, I about wanted to shoot the tv with a .50caliber when Nancy Peloski and all the leftys put the blame on us in the House.It is a repeated process. They cant seem to grasp the BIG picture here in the Senate. Blanaced budget would be ok, but with the liberals cashing checks and this outrageuous spendinng has got to be stopped. They put us here and they have had plenty of time to
fix the economy.

Bottom line is I could write a long paper about this bll***************, but repbulicans want tax cuts, and cut spending over a long period of time, 5 years, they have presented 2 bills that cuts spending and will help us get out of debit over periods of time. Demi's want to spend more, they uterally stupidly do not get, QUIT SPENDING MY MONEY!! This will be the second time Obama and company have raised the debt ceiling and asked for another blank check. We cant pay our bills, and you want to borrow more money.... WHAT FKING IDIOTS!! More debit, More debit, more ***************kg debit!! All they want to cut is old peoples money, Social security, AARP, and veterns money. There just idiots, shows who head screwed on right, the House does, and Senate are just plain igonorant.

I hope we can hold on till 2012
cause Obama socialist, communist ways are doing a hell of good of Breaking the CAPATALIST SYSTEM!! What communist do?? Make one collapse, and implement theres. NO MORE GOVERMENT!!!


I can not wait for 2012 in November!!

you righties should ring Clinton and get some advice

Eric


Economics 101

Cause I know liberal ways bro.. They are for big goverment, and support unconstitutional ways. I am opposite, complete opposite!

Hate the goverment and beleive in the constitution of the United States of America. I liked Clinton, he did some good, but he is the reason housing market is in the tank. It will take 10 yrs for it to come back, of a fiscal polocicy to make it bomb again.

maybe if we said, im not a democrat, im not a republican...Im a fcn American.
war aint cheap

So much to say to so many. To those trying to blame bush ( and saying I dont) bush had an average deficit of 625 billion a year for eight years. this is bad, but it happend under a boom period when it appeared the country had some money to spare. Many of us disagreed vocally about the prescription drug plan and deficit spending but he was a big tent guy and willing to compromise with the dems and spend big . we shaould have collectively put our foot down then but everybody was busy growing there own debt, watching therir home values and retiremnet increase so it did not seem like a big deal. Obama has Ruled over a recession, starting with a housing crisis created by the policies of fredie and fannie that he fully supported as a senator. During this recession when the americans are keenly aware of their finaces he has grown the deficit at a rate of 1.3 trillion a year, more than double the rate that bush gets criticised for. Obama spoke and voted against bush increasing the debt limit and campained on cutting the deficit in half in two years if elected. It is time to do the right thing and cut off the supply to our spending addicts in Washinton. unfortunatly addicts will do anything including begging , borrowing ,stealing and lieing to maintain their habits. Not good group to have in charge.

So why can't the Gov't do the same, that's what we need. If they were to just hold spending where it is we'd eventually get it taken care of, if they cut it it would happen even faster.

I've been listening to AM radio lately on my iPhone, you get a bunch of PSA's where there are normally commercials on the radio. Some of the programs they're talking about would make your head explode. If I can't make my house payment and the bank wants to forclose, I can get a $50000 loan to help. If I use it to make my payments for the next 2 years then it gets forgiven. It's crap like that's helping to keep things messed up. If I start skipping payments on my mortgage to qualify then I'll get enough money handed to me would pay more than half the balance. Listing to that kinda stuff is so frustrating it makes menwant to throw the phone out the window, but I haven't heard of the program that will replace it yet.

eric lavine wrote: if you were put into power, what would you do?

My simple mind says:

Term limits (across the board)

Flat tax ~

I would almost welcome the true crash of a 20's style depression. No more of the financial shell game / politics / soft landing crap. Hit the reset button and let the true rebuilding begin.      

but I am about 25 yrs form retirement. If I were there now I might see things differntly.

I have seen a 40 percent reduction in income from my full time job in the last two years. This is how I have handled it. I have not asked for a raise from my employer (taxed the rich). I have worked in my own side buisiness on the weekends (Grew my economy), I do not have cable tv, go out to movies, rarely dine out. (cut my budget). I supplement my income when absolutley necessary with savings from times of budget surplus when I acted responsible and did not raise my budget just because I could. I will not use my credit cards or home equity line of credit because any money paid in interest comes out of my spending budget(reduced my credit limit), and I have been forced to somewhat reduce "entitlement spending" (charity) to make ends meet for the time being. I do not expect anything from my government that I would not do myself.