Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville
if obama wanted entitlement reform we'd have it
see obama's 2012 budget published in february
see kent conrad's plan, put forth in a phone call last week to wapo
no, the white house is the last holdout against reform, ask governors cuomo and brown and omalley and malone, ask the state legislatures of massachusetts, new jersey and illinois, ask the city managers of detroit...
the dithering admin in dc, however, is coming around, bullied by reality
where will we be in a week?
and, more important, where will medicare be ten years from now if something isn't done imminently to save it?
Last edited by The Prof; 07-11-11 at 02:13 PM.
Matthew 10:34Think not that I am come to send peace on earth: I came not to send peace, but a sword.
But I digress...
I will no longer address welfare related issues nor Reagan's economic/tax policies with you or anyone else in this thread. If you wish to discuss either, start a new thread on the subjects.
Back to the issue of the debt ceiling...
I posted a link to a NYTimes article discussing the 5 Myths on the debt ceiling. However, that article didn't outline the consequences for everyday Americans if the debt ceiling isn't raised. But this white paper by Thirdway.org explains the very real, very potential consequences of doing nothing or delaying for even one 24-hour period (which incidentally also mirrors the warning given under myth #3). I think everyone should read this paper to get a real, no-politics understand of what's at stake.
Last edited by Objective Voice; 07-11-11 at 03:18 PM.
No, despite what the article says, the tax expenditures under fire are not "loopholes" they're just run-of-the-mill tax credits like your home mortgage interest deduction.
Instead, they choose to single out two industries - oil and private jets - not because it makes good economic sense, but because it makes political sense. The *ONLY* reason they're offering these up is to paint the picture they want to paint of Republicans.
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb
a no politics understanding of what's at stake:
link above, jake tapperIn 2006, Mr. Obama struck a high moral tone in opposing legislation to raise the debt ceiling. “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said. “It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”