Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 37

Thread: President Obama seeks $3 trillion to $4 trillion in cuts

  1. #21
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by Jetboogieman View Post
    Officials: President Obama seeks $3 trillion to $4 trillion in cuts - CNN.com

    A deal must be reached, and must be reached soon.

    Everyone needs to give and take, the president is giving, whether Boehner is taking will be seen shortly I'm sure.

    But if Republicans or democrats in congress for that matter are going to push this bull**** all the way to dead line... then the only people that lose are the American people, who gains politically, I have no idea really.

    For those who say "don't raise it". I actually in a way hope they don't raise the debt ceiling, so you can see what truly ignorant screw balls you really are.

    But all in all, exciting times. Take it away Bobby.
    -just shakes head- and this is going to do what ??? our budget deficit is over 1 trillion dollars a year .. 4 trillion over 10 years amounts to budget cuts of 400 billion a year .... which means we are only adding 600 billion a year to our already bloated debt ... or another 6 trillion dollars at the end of that same 10 year period ... and that is with absolutely no increase in any program spending over the next 10 years ... it maybe a start ... but at very best .. it's weak and doesn't do a damn thing.

    As for the debt ceiling, it's going to be raised .. . right now it's being used to get every last bit of budget cuts that can be gotten .. and for that I applaud those that are using it just for that .
    Last edited by The Barbarian; 07-07-11 at 10:58 AM.

  2. #22
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by Jetboogieman View Post
    Officials: President Obama seeks $3 trillion to $4 trillion in cuts - CNN.com

    A deal must be reached, and must be reached soon.

    Everyone needs to give and take, the president is giving, whether Boehner is taking will be seen shortly I'm sure.

    But if Republicans or democrats in congress for that matter are going to push this bull**** all the way to dead line... then the only people that lose are the American people, who gains politically, I have no idea really.

    For those who say "don't raise it". I actually in a way hope they don't raise the debt ceiling, so you can see what truly ignorant screw balls you really are.

    But all in all, exciting times. Take it away Bobby.
    So your saying you believe the 24/7 Lie Factory?





    ....did you believe that too?
    .
    .
    .

  3. #23
    User LoudAmerican's Avatar
    Join Date
    Jun 2011
    Location
    RDU NC
    Last Seen
    08-11-11 @ 10:57 AM
    Gender
    Lean
    Other
    Posts
    46

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by Zyphlin View Post
    To be fair...

    If you have your CC's maxed out and your payment on your house, your utilities, your other monthly expenses you're locked into, on top of your CC payments then you're able to at least enter bankruptcy that is far more leinent and less damaging to yourself and your family than the options for it that hte government has. So while in principle, I agree and we need to move away from even getting to a point where we need to constantly be having this debate....it can't be compared as a 1:1 exact analog.
    You thinking is on the wrong side of the tracks here ...

    FIRST OFF - Bankruptcy rewards failed planning and lack of fiscal understanding - even though it is as you said "less damaging to yourself and your family" - that is an "ENTITLEMENT MENTALITY" which has been destroying our nation for years!

    Next: You said: we need to move away from even getting to a point where we need to constantly be having this debate

    When?

    It is said that interest on the debt was $414 billion in Fiscal Year 2010.
    politifact.com says "an average of $4 billion is added to the national debt" every day is mostly true.

    Here is the problem - everyone is in agreement that the debt is out of control

    THE PROBLEM IS that even though we agree
    .... some of us prefer to stop passing the buck to the next set of politicians

    It's time to stop it NOW! ... before our government goes bankrupt.

    IF our country goes bankrupt - it would wipe out global economy.

    People overlook the fact that if our economy is weak our dollar will no longer be a platform which the world economy is basing its loans on.

    Do you even know that whole OPEC oil market is on the American dollar?

    Other countries have to convert their currency to the American Dollar before they can buy their oil ... if that ends - so does our priviledges

  4. #24
    Educator

    Join Date
    Mar 2009
    Last Seen
    07-08-11 @ 01:37 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    1,235

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Yup... so all the rightys on this board can stop complaining now that Obama is not cutting anything, and we can finally agree to some small tax increases.

  5. #25
    User LoudAmerican's Avatar
    Join Date
    Jun 2011
    Location
    RDU NC
    Last Seen
    08-11-11 @ 10:57 AM
    Gender
    Lean
    Other
    Posts
    46

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Obama's idea of a cut is like using a fire hose to fill an aquarium and a teaspoon to reduce the water level!

  6. #26
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    12-13-17 @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by LoudAmerican View Post
    You thinking is on the wrong side of the tracks here ...

    FIRST OFF - Bankruptcy rewards failed planning and lack of fiscal understanding - even though it is as you said "less damaging to yourself and your family" - that is an "ENTITLEMENT MENTALITY" which has been destroying our nation for years!
    Zyphlin is well aware of the moral hazard issue associated with bankruptcy, bailouts, etc. His point was that individuals have options for debt reduction that the federal government does not.

    Next: You said: we need to move away from even getting to a point where we need to constantly be having this debate

    When?

    ...THE PROBLEM IS that even though we agree
    .... some of us prefer to stop passing the buck to the next set of politicians

    It's time to stop it NOW! ... before our government goes bankrupt.
    The government cannot instantly balance its budget. There is not even a single case of a major industrialized state's having successfully engineered a fiscal swing of nearly 10% of GDP all in one year. A period of transition will be needed to bring the nation's finances back to a sustainable condition.

    While it can be tempting for those on the sidelines to call on policy makers to immediately balance the budget, they can do so without bearing the enormous responsibility for the severely disruptive consequences of such an approach. Policy makers who have to deal with the consequences of their decisions have no such luxury. Hence, there is no prospect whatsoever that the nation's government would undertake such an endeaver.

    IF our country goes bankrupt - it would wipe out global economy.

    People overlook the fact that if our economy is weak our dollar will no longer be a platform which the world economy is basing its loans on.

    Do you even know that whole OPEC oil market is on the American dollar?

    Other countries have to convert their currency to the American Dollar before they can buy their oil ... if that ends - so does our priviledges
    That's exactly why a credible fiscal consolidation program is needed.
    Last edited by donsutherland1; 07-07-11 at 04:09 PM.

  7. #27
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 07:50 AM
    Gender
    Lean
    Conservative
    Posts
    16,819

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by Gargantuan View Post
    Yup... so all the rightys on this board can stop complaining now that Obama is not cutting anything, and we can finally agree to some small tax increases.
    He still isnt. Hes leaving the cutting for someone down the road...like always. That is the very essence of politics as usual and the reason why people from every part of the political spectrum are tired of the way DC runs, or doesnt as the case may be.

  8. #28
    User LoudAmerican's Avatar
    Join Date
    Jun 2011
    Location
    RDU NC
    Last Seen
    08-11-11 @ 10:57 AM
    Gender
    Lean
    Other
    Posts
    46

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by donsutherland1 View Post
    Zyphlin is well aware of the moral hazard issue associated with bankruptcy, bailouts, etc. His point was that individuals have options for debt reduction that the federal government does not.
    EXACTLY! individuals have options for debt reduction that the federal government does not ... however - the federal government can STILL go bankrupt ... and our government is closer than most Americans are aware of.


    Quote Originally Posted by donsutherland1 View Post
    The government cannot instantly balance its budget. There is not even a single case of a major industrialized state's having successfully engineered a fiscal swing of nearly 10% of GDP all in one year. A period of transition will be needed to bring the nation's finances back to a sustainable condition.
    ... and Obama is spending money faster than a drunk at a bootlegger ...
    He has FAILED as one who wants to reduce expenditures - worse than the little Bush.

    Quote Originally Posted by donsutherland1 View Post
    While it can be tempting for those on the sidelines to call on policy makers to immediately balance the budget, they can do so without bearing the enormous responsibility for the severely disruptive consequences of such an approach. Policy makers who have to deal with the consequences of their decisions have no such luxury.
    Policy makers who have to deal with the consequences of their decisions have the luxury of not running again while we (as you call us) ON THE SIDELINES are stuck with their incompetent decision making.

    Look at ObamaCare - that is incompetence at it's best!

    Sen. Chris Dodd, who is in a tough reelection battle in Connecticut, got a big Reid favor of $100 million for a new hospital.
    A tax break for Mutual of Omaha Insurance Company (Nelson).
    Federal money for ACORN, the left-wing activist group connected to phony voter registration lists (Sen. Roland Burris of Illinois).
    Medicaid payments of $600 million for Vermont. (Patrick Leahy).
    More than $10 billion for government health centers (Bernie Sanders of Vermont - a self proclaimed socialist).
    Florida seniors get to keep extra Medicare benefits that the elderly in other states will lose (Bill Nelson).
    Higher Medicare payments for hospitals in North Dakota (Byron Dorgan and Kent Conrad).
    Extend Medicare benefits to a small group of miners in Montana sickened by asbestos (Max Baucus).
    ObamaCare waivers for high end restaurants in San Fransisco (Pelosi)


    If ObamaCare were so great why would any business want to get a waiver from that? in liberal San Fransisco?

    Quote Originally Posted by donsutherland1 View Post
    Hence, there is no prospect whatsoever that the nation's government would undertake such an endeaver.
    Of course there is no prospect what so ever ... they are political prostitutes!
    They sold themselves out and nailed us with the bill!

    Quote Originally Posted by donsutherland1 View Post
    That's exactly why a credible fiscal consolidation program is needed.
    A credible fiscal consolidation program be made is less likely than a Chevrolet Ranchero being made

  9. #29
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by Gargantuan View Post
    Yup... so all the rightys on this board can stop complaining now that Obama is not cutting anything, and we can finally agree to some small tax increases.
    Can you name any significant spending cut ever passed by the Democrat Party in US History?

    When Obama actually signs something and cuts spending for the first time........you let us know.
    .
    .
    .
    .

  10. #30
    Global Moderator
    Moderator
    Helix's Avatar
    Join Date
    Jul 2011
    Last Seen
    Today @ 08:11 AM
    Gender
    Lean
    Independent
    Posts
    37,136

    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    We cannot default on our debts, and I'd like to see the US take steps to make sure this doesn't happen again. What to cut is a real sticking point, though. I'd start by ending the wars as quickly as possible.

Page 3 of 4 FirstFirst 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •