The voice of reason in the US debt debate

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The voice of reason in the US debt debate
Tweet Topic Started: Jul 26 2011, 06:26 AM (646 Views)
Grizzmeister	Jul 26 2011, 06:26 AM Post #1
Latter-day Nostradamus Posts: 3,243 Group: Legendary Member #457 Joined: March 8, 2011	I'm quoting this speech because it may go down in history as the tipping point when broken government hammered down the final coffin nail on the US economy. From a respected intellectual: "Obama has spent surprisingly little. From the numbers posted in the NYT, decisions made from 2002-2009 equaled a 5.1 trillion dollar impact on the deficit including a 1.8 trillion dollars of lost revenue from the tax cuts. Since then, Obama spent 1.44 trillion, 700 billion on the stimulus, a one time event and 425 billion on stimulus...See More tax cuts, a one time event. This left 330 billion for discretionary spending, including health care. Spending is a combination of outflows and reduced inflows caused by tax cuts. Describing this as giving Obama a blank check is stretching the point. There will not be any future stimulus spending, no matter what economists recommend. We are going to agree to a lowering of our standard of living and enter a time of prolonged austerity with reduced services, which the private individuals will need to pick up. There is nothing wrong with austerity, (if you have a job). It is not going to be the end of the world. It will lower wages, increase prices, reduce government revenue and increase asset liquidation, which is better than adding to the deficit. Remember that any reduction in government spending must be picked up by the individual if they use that service."
	"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Arthur Schopenhauer


dagoss	Jul 28 2011, 07:12 PM Post #2
Smarty Pants Posts: 2,884 Group: Senior Members Member #29 Joined: September 20, 2006	Reading about the budget talks makes me want to punch puppies. There is so much hot air and finger pointing on both sides, though I find it very hard to understand how republicans can make so many accusations about Obama's spending history when the previous republican administration spent money like it came out of thin air.



Grizzmeister	Jul 29 2011, 06:00 AM Post #3
Latter-day Nostradamus Posts: 3,243 Group: Legendary Member #457 Joined: March 8, 2011	Yeah it appears that the radicalized arm of the Republican Party (The Tea Party) is holding our entire nation hostage. This isn't at all surprising given that radicals often resort to terrorism as we've seen from Al-Qaeda and more recently the Norwegian Shooter. Fox News and Conservative talk radio have created a monster that even Speaker of the House John Boehner can't control and now we're all going to have to pay the price for that.
	"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Arthur Schopenhauer


Grizzmeister	Aug 8 2011, 08:08 AM Post #4
Latter-day Nostradamus Posts: 3,243 Group: Legendary Member #457 Joined: March 8, 2011	Ok so the US Federal Government was finally able to raise the national debt ceiling but thanks to the grandstanding by the Republican Party and their unmuzzled pit bull The Tea Party the United States has had its credit rating lowered by Standard & Poor's. What's sad is that this tragic event didn't need to happen but occurred because the Republicans are doing everything in their power to undermine President Barack Obama to wreck his chances of re-election in 2012. To date, they [Republicans] have blocked every piece of legislation that would allow our fragile economy to recover including gutting regulations to the banking sector that caused the worldwide economic collapse in the first place.
	"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Arthur Schopenhauer


Grizzmeister	Sep 25 2011, 06:37 PM Post #5
Latter-day Nostradamus Posts: 3,243 Group: Legendary Member #457 Joined: March 8, 2011	As expected, since the United State's credit rating was downgraded we've seen our economy slow to a near standstill. It's so bad that some economists are speculating that we might be heading in to another recession. Before the Republicans started playing games with our fragile economy we were actually seeing signs of improvement but now President Obama has had to announce his jobs package to counteract the destructive effects of the Tea Party's reckless behavior. Don't worry, I'm here in the US and I'll keep our international forum members well informed as to what is really going on in America.
	"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Arthur Schopenhauer


TNT737373	Sep 25 2011, 07:08 PM Post #6
Veteran Posts: 1,371 Group: Senior Members Member #567 Joined: July 21, 2011	Can't stand the excruciatingly slow political processes that the parties bounce off each other, back and forth never compromising. The Democrats always seem to finally give into the Republican demands. The democratic party doesn't have enough leeway to act on critical decisions, they always get shot down with little of their influence in the outcome. There's foul play on both sides but at least the Democrats don't make it look obvious, the Republican party has ties in so many corporate ventures it's laughable. It's almost like they want the overall issue to cause you a headache so you just don't think about it anymore. Most Americans don't want to have to face these issues, because as long as they don't see it in their quality of life, "it doesn't really matter". Hear no evil, speak no evil, see no evil.. Once a majority of citizens realize that the brick wall is approaching in their headlights, there will be a change near the breaking point. Although stereotypical, it's mildly true: In general politicians are manipulative ego-maniacs, this makes them negligent, therefore little impact is accomplished. Glad you follow this so closely, I get disgusted when reading about current politics so thanks for keeping this forum going. I agree with everything your saying I just feel like our political system is beyond repair honestly, America is in so much debt I'm scared for my future at only 18 yo. lol. I hope to retire in British Columbia one day, just hoping I can get enough tucked away before any confirmed signs of collapse are present. Yikes. Maybe I'm just another lazy American but I just don't want to deal with this mess. In my mind it's like over the years they've continuously been pouring tiny amounts of wine on the public's white cashmere sweater, it's just too stained at this point, citizens can't get it out, we're just gonna have to buy a new sweater.. It's just how stained can it get before we refuse to wear it in public? lol... I don't care how awful that metaphor was.. Edited by TNT737373, Sep 25 2011, 07:16 PM.



zar	Sep 25 2011, 07:13 PM Post #7
Senior Member Posts: 308 Group: Senior Members Member #440 Joined: February 18, 2011	I haven't even been able to get a real job. I'll probably go to college for 4 years then there will still be no jobs. I'm just preparing for the economy to collapse and the dollar to become worthless. Also, I hate political parties.



Toxic Sock	Sep 25 2011, 08:36 PM Post #8
Newbie Posts: 43 Group: Members Member #583 Joined: August 8, 2011	zar Sep 25 2011, 07:13 PM I haven't even been able to get a real job. I'll probably go to college for 4 years then there will still be no jobs. I'm just preparing for the economy to collapse and the dollar to become worthless. Also, I hate political parties. You've got to go into the right field... There are jobs, but people simply are not qualified to fill them.



zar	Sep 25 2011, 09:30 PM Post #9
Senior Member Posts: 308 Group: Senior Members Member #440 Joined: February 18, 2011	Quote: You've got to go into the right field... There are jobs, but people simply are not qualified to fill them. Well, I hope there will be lots of jobs in computer graphics design then.



Mk II	Sep 26 2011, 04:52 AM Post #10
Elite Posts: 4,493 Group: Staff (Ret.) Member #381 Joined: November 7, 2010	Ha! You young whippersnappers dont know what a real crises is... i was unemployed for over 10 years during the 80's and it nearly ruined my life because you never catch up again.



Cabanon	Sep 26 2011, 08:03 AM Post #11
Elite Posts: 4,585 Group: Legendary Member #505 Joined: May 8, 2011	i may sounds like a jerk, but why dont you move where the job is ? in a global economy like today, there's absolutely no reason to stay at one place more than another one. especially if there's no job and your going bankrupt because of it.



Mk II	Sep 26 2011, 09:01 AM Post #12
Elite Posts: 4,493 Group: Staff (Ret.) Member #381 Joined: November 7, 2010	Quote: why dont you move where the job is ? in a global economy like today Moving isnt that easy here in Holland if you have no money, we dont have trailer parks or cheap motel rooms so poor people are stuck. Quote: in a global economy like today i was talking about the 1980's, you know, prehistoric times long before iTunes and Google existed and China was still a Communist country. When i left school, there was mass youth unemployement at about 20% and nobody was hiring. and after a few years, you 're permanently on the bottom of the heap. i eventually managed to get a job because i educated myself and learnt how to program those new fangled desktop computers. That saved me from eternal poverty


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