Where is our money going, something of which we all wish we truly and fully understood. Here are a couple pages I think can help us reference what matters, and what doesn’t.
Obama’s 2011 Budget Proposal: How It’s Spent - Interactive Graphic - NYTimes.com
U.S. National Debt Clock : Real Time
What would you like to do to fix the debt?
Well since no one else is gonna make any sugestions, I will start it off.
How about slashing all federal government spending on any part of the health industry? Government funding for citizens who need health care should be left to each state to provide as they see fit. The only healthcare the Federal government should be concerned with supporting is that of those who were injured as a result of serving their country.
How about slashing military spending by at least 1/2?
How about no more loans?
How about abolishing Social Security? (continue paying those who actually rely upon it.) If the states want to have Social Security, so be it.
I see you have no idea how an economy works.
Do you want to cause a depression?
You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due. : Dick Cheney
I understand the economy, however I believe in trickel down economics.Quote by: Dodds
I'm sure that a bankrupt federal government is far worse.
If Trickle down economics was even half way true then why am I not a millionaire yet?
And well the day the USA defaults will be the day I am a pink banana called Poco who lives in a space marine complex on Jupiter.
You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due. : Dick Cheney
How are we going to cut the debt? We could increase taxes. I think that would probably be the best approach. The last three decades have proven that trickle-down economics is an entirely bankrupt system, a not-so-polished facade to justify a literal orgy of greed.
I believe that the debt will eventually become a problem. Key word in there was "eventually"...right now we need to, if anything, increase spending. We can sort out the debt later...this is far from the first time we've been in debt. Every single time we've managed to pay it back.
This fits in with what I was saying on another thread.
I agree that US military spending is silly...by any standards. But it is interesting that you identify healthcare and Social Security. I truly wish I could make some of you understand how dead wrong you are about these programs. In past threads you've seen hard evidence that socialized healthcare and other social nets are actually cheaper and much more effective than private options. Yet there are constant howls from right-wing pundits that social programs are evil.
And then there's the whole taxation issue...what a friggin' joke!
Lets see a show of hands...how many Americans out there actually think you can wage war without increased taxation? During WWII Americans were asked to ration their consumption and pay higher taxes to support the war effort, after 9/11 Americans were given a tax break and to go out and shop. Now who sees a massive disconnect here?
You people are gonna have to grow-up.
Else Canucks like me will quit buyin' investment properties up here, and start buyin' entire neighborhoods down there for the same price as 1 home in Toronto...can you imagine having to pay monthly to a smug, "I Told Ya So" Canuck?
You say silly, I say tyrannical. Po-tay-to, po-tah-to. Military spending rewards behaviors that ultimately hurt people. I don't agree with this priority.
Grandpa h.
Post by post, building his arguments by smashing a couple of theirs -- for America.
Some still claim deficit spending is the only way to improve a distressed economy, their theory is that the greater the deficit the stronger the stimulus -the only condition is that the money be spent on improving public assistance (especially healthcare and education).
In the US, where teachers are well paid and medical costs exhorbitant, its hard to see how pouring more money into these will improve things, but I lack the 'insight' of a Keynesian.
No Rmz, you lack intellectual honesty and economic literacy.
Some people claim if the government backs out of everything and all taxes are cut then the economy will improve. History teaches us that this way of thinking is false. The only way that these types of polices are enacted is through propaganda, fudging of figures and completely ignoring all economic data.
This includes such falsies as "The rich people create jobs when taxes are low" when in fact since 1980 investment in business has declined substantially. That unions destroy job, when in fact there is no link between union membership and unemployment. That the minimum wage is a barrier to job creation, when in fact once more there is no link between a minimum wage and unemployment, that regulations stifle growth when in fact a lack of regulation stifles growth and causes crashes, that the wealth will trickle down, when in fact wages have remained stagnant for about 30 years, that the government cannot create jobs through stimulus when in fact without stimulus the unemployment situation would be a lot worse. It seems that facts are indeed stubborn things, and when the facts change I would change my mind.
Until then the people who post lies and propaganda instead of actually looking at the facts, then ignorance and economic illiteracy will continue to be the only thing they have.
You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due. : Dick Cheney
Social Security should be privatized. It would stabilize the the federal budget, Big Time! If social security is not sustainable right now, only ignorance or normalcy bias could be to blame for not passing it over to the private sector.
The seed is God's signature feature in all creation, you tell me what came before it. And it contains everything necessary to reach its pinnacle when in its specified environment.
Social security has a budget surplus and with no change to its structure will last at 100% benefits paid til 2040 and after that 70-80% of benefits.
Only ignorance can even make the claim that social security is unfordable.
You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due. : Dick Cheney
Posting Permissions
Reply With Quote
Bookmarks