reply to post by getreadyalready
I couldn't agree with you more! The posturing by the Executive Branch is amazing. Plus, he is threatening Social Security, WHILE THEY ARE RUNNING
THE ONLY SURPLUS IN THE FEDERAL GOVERNMENT! The first thing that needs to occur is to separate SS from the federal budget, make the government stop
stealing money from that program to pay other programs, this is taxation with false representation!
Second, while I agree that the US AAA rating is important, it doesn't matter much if we have maxed out our credit card, so instead of raising the
debt ceiling by almost a Trillion in the short term and maxing it again by February or March, just don't raise it. Mark the bonds as unpayable and
tell the investors to come back later for their money. We might have some inflation, but it probably wouldn't actually be hyper since it would
technically only be about the same amount as the QE1 and QE2 levels, so maybe 20% over the course of the year? Suddenly our money is weaker, which
sucks for all the techies out there that love to import electronics, and yes gas prices rise to around $4 per gallon, but we Americans are used to
that. If we just take our medicine now, since our grandparents couldn't stomach the spoonfulls, our kids can emerge from this far better off and we
will only have a hard time for a few years. Oh yeah, cut foreign aid to 0, which sucks for foreigners, but they have governments that should take
care of them too. I have a friend from Saudi Arabia that told me they pay the equivalent, exchange rate included, of about 80 cents a gallon for gas.
Thats ridiculous! Why do we pay so much? It's because we give them aid all the time and they think we are wealthy so they take advantage. We only
get about 1/3 of our oil from overseas, so how is it possible that we acquire $3/gallon in shipping costs?
Imports will decrease, a good thing, exports will increase, a good thing, our trade imbalance will become a little better, a good thing, and we could
possibly attain a balanced budget. Other governments won't like this plan much, but they will realize that they mis-perceived our wealth. Our
infrastructure is aging and out of date compared to Asia, who built theirs with dollars, our people are in debt up to their eyeballs, our government
is drowning, WE NEED CHANGE! WHERE IS THE CHANGE YOU PROMISED MR. PRESIDENT?
If TPTB seriously believe that the next election will see more seasoned politicians in office they are sorely mistaken. If our seasoned politicians
continue to misgovern, they will not be re-elected. There will be no more "Waiting for your turn" to run for office against the current powers.
People of principle will run, and they will win, and the "Experience" in Washington will be removed.
Those 84 votes are bad, but the power base is going to change very fast if those 84 votes continue to matter!
THE CURRENT DEAL IS A JOKE AND IF IT TAKES SHUTTING DOWN THE GOVERNMENT, THEN DO IT NOW! VOTE NO ON THIS DEAL AND FIND A REAL SOLUTION!
The fear tactics are just fear tactics, SS will get paid, the pentagon already has its money so the soldiers will get paid. Medicare will have a
problem, just like many other programs, but this is what it will take.
Sorry for the rant, I'm a little animated about this deal today, its SO RIDICULOUS! How is it possible that a deal was reached that nobody agrees
reaches any of the tenants that any side wanted? This isn't a compromise, its just stupid!
Have every one of our leaders forgotten the rule of 70? Seriously, a growth rate of 7% on a program means we double that spending every 10 years! We
are not doubling revenues over that time, so who cares if we reduce spending by 2.7 trillion over 10 years. The 3 programs that increase at 6, 7, and
9% will more than cover that reduction in spending.
reply to post by inforeal
I couldn't agree with you less. Free trade is good for the economy and helps us become able to specialize, unfortunately we haven't really
specialized in anything except military strength and food production. The problem isn't trade policy it is the super-strength of the dollar. If we
could weaken the dollar then exports would become far more attractive to foreigners. I know people don't want a weak dollar but that's because they
are hoodwinked by the media to believe a strong dollar is great! LET ME BE CLEAR, a strong dollar is great if you want to import a lot and buy stuff,
but it is terrible for creating domestic jobs, unless of course you are satisfied with a service economy. Eerie how this is beginning to resemble the
early 1970's. But, this is a complicated argument and really there is a Goldy-Locks zone for the strength of a currency and right now we are not
there. I do not wish to hijack this thread or continue this argument, I just wanted to make that clear to you. Free trade is good.