CBS POLL: 77% say cut spending; only 9% say raise taxes.
Any business that perpetualy loses money is forced to close its doors.
Individuals who spend more than they earn become insolvent.
Businesses and individuals usually get their houses in order - not by spending more but by spending less.
However, this does not apply to the Frankenstein called government.
The issue is not a lack of taxes, the issue is spending money like drunken sailors.
And who are the most vocal proponents of this reckless spending. You guessed it. People not paying taxes and the liberal politicians pandering to them. Their brains are programmed to say dame, dame, dame- give me, give me, give me. Just like an 8 track tape playing the same music over and over again.
Sorry Jackson. Your usual fact-free purist capitalist propaganda is wrong
[QUOTE=Jackson;415075]America' s middle class has seen their individual wealth, and their total percentage of the country's overall wealth, increase dramatically. [/QUOTE]Jackson's statement is akin to an Argentine saying "we are one of the richest countries in the world." It used to be true and then something changed!
The US Census Bureau official data tracks the nation's aggregate income for various segments of the population and the distribution of wealth. That data documents that Jackson is incorrect – not Esten – about income and wealth trends in the US.
Since the late 1960's, it is the wealthiest Americans who have seen their share of income and wealth increase dramatically, while the poor and the middle class have lost ground.
Here are the numbers, starting with aggregate share of annual incomes:
The percentage of aggregate income that went to the poorest fifth of Americans fell from 4 percent in 1967 to 3. 4 percent in 2008 – a drop of 15 percent.
The percentage that went to the fifth of Americans in the lower middle class fell from 10. 8% in 1967 to 8. 6% in 2008 – a drop of 20. 3 percent.
The percentage that went to the fifth of Americans in middle class fell from 17. 3% in 1967 to 14. 7% in 2008 – a drop of 15 percent.
The percentage that went to the fifth of American in the upper middle class fell from 24. 3% in 1967 to 23. 3% in 2008 – a drop of 4 percent.
While, the wealthiest fifth of American income earners saw their share increase from 43. 6% in 1967 to 50% in 2008 – an increase of 15 percent.
Like the trends in the share of national income, over the past 4 decades, the wealthiest has garnered more of the nation's wealth, at the expense of everybody else.
Here are the numbers on wealth distribution:
Between 1969 and 2007, the share of American wealth owned by the lowest 99% fell 5 percent, while the share of the wealthiest 1% rose 11 percent.
In 1969, the bottom 99% of Americans owned 68. 9% of the nation's wealth, while the top 1% owned 31. 1 percent. In 2007, the bottom 99% of Americans owned 65. 4, while the wealthiest 1% owned 34. 6 percent.
The Great Recession is significantly reinforcing the negative trends for poor and middle class Americans, while the investor class is doing very well – thank you very much. Job losses, falling real estate values, diminished savings and so on have moved millions of Americans out of the middle class into poverty – and not because they are lazy slugs!
OF COURSE FACTS ARE NO SUBSTITUTE FOR IDEOLOGY!
And the world will live as one
Personally, I don't know why we have controls at our borders in the first place. In fact, why do we have borders? Aren't we all one human family. Come and go as we please. As John Lennon said 'ímagine there are no countries, no borders too'
It is time we become good citizens of the world. It is time we realize that whoever wants to live in the United States has a right to live in the United States. It is especially important we make a special effort to attract drug dealers, gangsters. convicted felons, terrorists and the mentally challenged - especially the unstable mentally challenged with fully loaded, locked and ready automatic weapons in their luggage.
It is our duty to share our health care, welfare, food stamps, child care, educational system (including free rides to the Ivy League college of their choice) and, just for good measure, voting rights with the world. Isn't that what being an American is all about?
And for crying out loud, let's not be cheap about it. The least we can do is use taxpayer money to insure that our guests (me bad, new citizens of the USA) arrive rested and in comfort. I say free first class airfare (one way of course, we wouldn't want them to leave) and at least a free weeks stay (OK, a free 6 month stay with an additional free 6 month option) at the 5 star hotel of their choice. Unlimited free outcall from top escort services and free junkets to Disney World go without saying.
I have no doubt that the citizens of the United States will gladly throw child labor laws under the bus as well as put in 80 hours work weeks at half the minimum wage, forego all vacations and holidays (don´t even think about taking a weekend off) and donate another 20 hours of unpaid weekly overtime to fund this venture. It is the least we can do and I have personal assurances from more than 99% of unions that they are fully onboard with this plan.
I don't know about the rest of you but I am on the verge of foregoing my retirement and working until the day I die to insure that every citizen of the world has the opportunity to live in the United States.
In fact, I am toying with the idea of eliminating alltogether the concept of vacations, holidays, weekends and retirement in the United States. We should all be overjoyed at the prospect of working everyday for the rest of our lifes in order that every creature in the world has the opportunity to live in the United States.
You may say,
I'm a dreamer
But I'm not the only one
I hope some day
You'll join us
And the world will live as one
Gee here is a novel idea. Prioritize Spending
A Republican governor came up with a novel idea, say NO to increasing the Federal debt ceiling and here is the novel part – prioritize spending. (Well it's not all that novel since it's been around the business world for a long time but it is novel for the Federal Government).
Just think NO defaults on current debt, NO government shut down, NO to all of Timmy G's boogieman stories. You service the current debt, make payroll ect and you suspend spending on project which have not started (read Stimulus et al here) , you stop increasing spending on current programs, you scrap the crap (foreign aid to folks who hate us maybe?) and DON'T SPEND the money in the first place. It will work. I know the liberals are going to have a conniption fit, but getting out of this mess is not going to be without pain and it's time we start.
Get ready for China to give it to Obama up the old Hershey Highway this week on trade and currency imbalance issues. Did you catch the Chinese Big Boys calling the Dollar based economic system outdated and stating the new world financial system should be based on China's currency?
If Obama really wanted to get tough all he has to do is start targeting Chinese goods with tariffs which would bring their prices in line and negate China's manipulation of its currency. It would have a secondary effect of making American goods more competitive at home, increasing domestic production and growing the economy (It JOBS, STUPID) JIMHO
It's "being in charge" and we're the stupid ones
Unfortunately, to a politician the only "job" that means anything is his / her own. The siren song of Being In Charge drowns out anything the "little people" might be saying. This is especially important when you're speaking of a political party-line that prizes emotion over reason,"dreams" over reality, and "hope" over fiscal prudence.
I've been reading David Kahn's [u]The Codebreakers[/u], and I found an interesting quote that was talking about a much different political crisis over fifty years ago. It seems to me it applies today, and every day:
"No human being has ever had difficulty in finding an excuse to overlook an unpleasant fact."
[QUOTE=Doppelganger; 415096]A Republican governor came up with a novel idea, say NO to increasing the Federal debt ceiling and here is the novel part – prioritize spending. (Well it's not all that novel since it's been around the business world for a long time but it is novel for the Federal Government).
Just think NO defaults on current debt, NO government shut down, NO to all of Timmy G's boogieman stories. You service the current debt, make payroll ect and you suspend spending on project which have not started (read Stimulus et al here) , you stop increasing spending on current programs, you scrap the crap (foreign aid to folks who hate us maybe?) and DON'T SPEND the money in the first place. It will work. I know the liberals are going to have a conniption fit, but getting out of this mess is not going to be without pain and it's time we start.
Get ready for China to give it to Obama up the old Hershey Highway this week on trade and currency imbalance issues. Did you catch the Chinese Big Boys calling the Dollar based economic system outdated and stating the new world financial system should be based on China's currency?
If Obama really wanted to get tough all he has to do is start targeting Chinese goods with tariffs which would bring their prices in line and negate China's manipulation of its currency. It would have a secondary effect of making American goods more competitive at home, increasing domestic production and growing the economy (It JOBS, STUPID) JIMHO[/QUOTE]
What Happen to the thread "Bush's Fucks Up for 8 Years"
It started at 1. 3 billion or less and did not end at trillions? Something like O'Bama's inherited 1. 3 trillion debt.
Or are You, Senile or Do You Have Alzheimer's? Just like Fox has a Racist Republican Policy, which is a Racist
Package,
The "Health Care Package for All" Is not the "O'Bama Health Care Package" as Fox Calls It.
What does it cost you to visit to an Argentine Doctor?
I went 3 or 4 times, and I paid US$35-40.
The USA has to pay 3-4 times more than Europe.
So many other posts in the last few days:
[quote]The simple fact about the Bush Administration is that he (they) were handed a massive federal budget SURPLUS and managed to turn it into an even more massive budget DEFICIT. He (they) engaged the US in two opened ended wars which will NEVER have the desired outcome and which are still ongoing and are still draining the federal coffers. The easy sleazy credit that the Bush Administration put into place after the post-9/11 mini recession was responsible for the so-called growth you are referring to; this was in fact not growth at all, just a giant bubble that burst at the end of his (their) administration. The vast majority of US citizens were worse off at the end of the Bush Administration than they were when it began. The economy, and country as a whole, were indisputably worse off at the end than they were at the beginning of the Bush Administration.
Rock Harders[/quote]
How Many Times Do I Have To Say It?
Esten, I have NEVER said Medicare or Social Security should be cut for the exact reason you stated, people paid in for the benefit. What I have said needed to be axed was MEDICAID and WELFARE, government vote garnering programs invented by the liberal wing of the Democratic Party.
Esten, you and your liberal friends please keep your rose colored glasses on and remain in denial until after November 2012 and the conservatives sweep your folks in Washington from office. Even Democrats admit it was about cutting spending and shrinking government – at least the ones that are left. Get a grip big guy