The Budget Crisis........in layman's terms.....

[carlfense]

Every (I mean that as an absolute) single time the President has come closer to Republican ideas, the goal post have been packed up and moved while he's simultaneously attacked for doing nothing and trying to do something.

[ZRod]

IF he embraced it.............who knows? Maybe, just maybe, with some leadership ,enough in congress could be prodded into some serious action. But he whiffed again so it's a moot point.

The congressional GOP would just love to follow Obama's leadership.

And now I think this forum has come full circle to where it was at the beginning of the year. The biggest problem in politics today is failure to compromise for the better of the nation.

[N Sker]

You guys are insane if you think we can ever get

A) a balanced budget or

B) out of debt

 

When we continue to spend more than we take in we are screwed. Look at your own bank account. How many on this board have ever had credit card debt they could only pay the interest on and not even touch the principle? Quite a few I would guess.

 

We are too far gone to ever get debt free. We owe TRILLIONS of dollars.

 

Even Ryans so called balanced budget still has our debt increasing by approx 3.6 trillion in 10 yrs IIRC. Folks say that his budget "cuts to much". Obama's current deficit reduction budget has it increasing approx 7 trillion in the same amount of time. Clinton had the first since 1969 passed in 1989 IIRC. Took 20 yrs, but he did it. 23 years since the last one. 23 years of increased debt.

 

With neither side willing to sacrifice its favorite programs, partisan politics getting worse there is not much hope for getting out of debt.

 

No one is ready to do without to get out of debt. This means an increase in taxes across the board to generate revenue (including those on welfare), raising interest rates to slow buying and increase the demand by lowering the supply of quick cash, decreasing spending on social programs, aggressively going after fraud, waste and abuse, defense cuts, allowing banks to quit issuing high risk loans, less govt regulation of private industry etc......

 

Watch how may folks say we can't cut A, B or C. Hell we are not even politicians, owe nothing to lobbyists or constituents and we can't even agree. The libs on this board will call BS as will the conservatives. Again we can't even agree and we are just posters on an anonymous web site.

 

One more thing, we raise the debt ceiling every time. A lot of tough talk, but it still gets raised. No party wants to be "that guy" that shuts the govt down.

 

Good luck.

 

 

Until people realize the first bolded statement there are no tax increases big enough to reduce the deficit and/or balance a budget. We also have to understand that a 'Cut' in budget to congress means they proposed to decrease the amount of increase in spending in the future, not reduce the amount of actual spending. Until this is understood and realized, there are no tax increases big enough to make a difference.

 

Imagine giving money to a friend/relative, enough to last a year, who doesn't work (isn't a profit center) and they come back wanting/needing more because they spent it all. Do you give them more so they can continue their spending spree? Would you or soemone else (non-profits, etc.) you know and trust be able to do better with those funds?

 

Of course Ryan's plan isn't going to reduce the deficit, there's no way to possibly do it in that short of a timeframe. I sure like it better than any alternative congress has come up with in the last few years. Oh, that's right there hasn't been one.

 

The spending has to stop first. Then talk to me about raising taxes.