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Post by mudvnine on Jan 1, 2013 11:05:11 GMT -8
Sometimes it's all in the way we look at things.....  Happy New Year!!   |
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Post by pstein on Jan 1, 2013 15:08:29 GMT -8
Hence, my issue with the political parties. Neither proposes actual solutions.
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Post by clayadams on Jan 2, 2013 15:13:28 GMT -8
They've successfully kicked the can down the road again. No one seems to realize that delaying the inevitable is only going to make it worse. Whatever, people care about their American Idol and Honeybooboo instead of real concerns. Things are going to get REAL ugly in the future. The recession of the 20's will have been a cakewalk. |
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Post by pstein on Jan 2, 2013 20:15:32 GMT -8
They've successfully kicked the can down the road again. No one seems to realize that delaying the inevitable is only going to make it worse. Whatever, people care about their American Idol and Honeybooboo instead of real concerns. Things are going to get REAL ugly in the future. The recession of the 20's will have been a cakewalk. First, a correction. The "recession" during the 20s is better characterized as the Great Depression. For most of the 1920s, the economy was booming. In 1929, a myriad of factors led to the stock market crash. The Smoot-Hawley Tariff worsened the Depression significantly. Now, enough of the history lesson. The bill passed by Congress delays the sequestrations for two months. In two months, the debt ceiling will need to be raised again. This isn't an option; we've incurred these expenses. The debate will start over. However, the debate will not deal with the real issues. Once again, we will cut a miniscule amount of spending and declare the problem fixed. The problem won't be fixed, because people don't want to hear the answer. The answer is twofold. Cutting entitlements would be a huge step towards reducing our deficit. 66 percent of the budget is entitlements. While Paul Ryan's plan was bold in that it wanted to address the issues, I believe there is a far better way. Secondly, we have to raise taxes. I know people don't want to hear that, but it's the only way to move towards a balanced budget. Simply put, you can't cut a sufficient number of programs to deal with the issues. Our deficit is roughly one trillion dollars per year. If you can find one trillion dollars in the budget to cut, I'll give you credit. IMO, it's impossible unless we fundamentally change the nature of entitlements. The debt is growing at a huge rate. In fact, I believe the debt will be 75% of GDP (Gross Domestic Product) by the year 2020 if we continue on this road. Mitt Romney was correct, we are on the road to Greece. We can't keep kicking the can down the road. However, both parties have been doing that for a long time. Until the people decide that it's an issue-which most haven't- it won't be addressed. For many, ignorance is bliss. I was absolutely shocked at the statistics from the first presidential debate. More people watched Honey Boo Boo than watched the debate. Every citizen over the age of 18 can vote, provided he/she isn't a felon. In some states, you can be a felon. My state requires you to have your voting rights restored if you are a felon. That's an excellent thing. However, it creates an issue with an uninformed electorate. People are making decisions based on what other people tell them rather than investigating things for themselves. The bold part is an issue with hitting as well. |
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Post by swingbuilder on Jan 3, 2013 6:36:58 GMT -8
Does anyone really think they are going to balance the budget and level the debt?
Who are they paying? ;D
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Post by pstein on Jan 3, 2013 11:49:46 GMT -8
Does anyone really think they are going to balance the budget and level the debt? Who are they paying? ;D The US hasn't been debt free since Andrew Jackson's presidency. |
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