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Thread: Obama proposes making 'pay-as-you-go' the law

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by LoriB View Post
    I think this is a great idea to get back to. We had pay as you go years ago. Maybe now the bills coming out of congress won't be filled with so much pork! Remember our President is letting congress be "responsible", he is not writing the bills to be passed. I agree with this process, if we don't like what our congressmen are doing we should fire them. If we are not willing to be responsible, why should they...there is no consequence.
    I think we need to get back to being responsible, I teach my kids; the more you blame, the more excuses you have and the less responsibility you take. We need to stop fighting and start fixing. We as Americans did this, we allowed this to continue for too long, now it is time to pony up and pay the consequences. How did we come so far as to believe we are all deserving no matter what our behavior? Wouldn't a child be reprimanded for this.... (maybe not, it might hurt their feelings)
    Don'cha think it's a little late for this? Where was "paygo" during the first $1 trillion?

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by Erod View Post
    Don'cha think it's a little late for this? Where was "paygo" during the first $1 trillion?
    For those who are interested, New York Times economics columnist David Leonhardt has a column on how the U.S. moved into its present position with enormous deficits. He argues that a large part of what is happening now was largely the consequence of past policies and the business cycle.

    His piece can be found at: http://www.nytimes.com/2009/06/10/bu...leonhardt.html

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by Erod View Post
    Don'cha think it's a little late for this? Where was "paygo" during the first $1 trillion?
    No I don't. It is never too late to accept responsibility and fix a problem. I think spouting "it is too late" is an excuse to an old problem. We created this mess by not doing our jobs as Americans. It is time to fix it, not throw another excuse at it.

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by 7thKeeper View Post
    While there's an inkling of truth to that, I don't think it's completely fair. Short term spending was required to try and get the economy kick started (That is, if you accept that it did and aren't of the opinion that spending wasn't needed) and considering the nature and amount of spending, pay-as-you-go would have been impossible to implement in practice in that case. I do agree it that smells of hypocrisy, if you don't take the view point that the spending was a short-term solution and pay-as-you-go is intended as a long-term one.
    I would say that if Obama didn't "kick start" the economy, GM may have gone bankrupt. Oh it did?

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by LoriB View Post
    No I don't. It is never too late to accept responsibility and fix a problem. I think spouting "it is too late" is an excuse to an old problem. We created this mess by not doing our jobs as Americans. It is time to fix it, not throw another excuse at it.
    This seems so self evident, and yet so many canot see past their blind partisanship to realize it.

    Oh, and hi and welcome to the boards

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    Re: Obama proposes making 'pay-as-you-go' the law

    I think a pay as you go law is an excellent thing. However I do not see those in office making necessary cuts to make it work unless they want to charge a huge tax percentage to make it work with all the current spending they got now.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by LoriB View Post
    No I don't. It is never too late to accept responsibility and fix a problem. I think spouting "it is too late" is an excuse to an old problem. We created this mess by not doing our jobs as Americans. It is time to fix it, not throw another excuse at it.
    So he came to this realization in the last...oh...45 days or so?

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    Re: Obama proposes making 'pay-as-you-go' the law

    The stimulus package was written by congress not the President, we needed help and this was the best that our government (collectively) could come up with. I don't see a better plan floating around, do you ? In a time of recession, stimulus is a normal reaction (did we not see this with Bush?), economists are on both sides of the table here, there has never been anything so big nor bad happening in the economy to set a precedence or a pattern that we could apply to this time in our lives.
    I don't agree with all that is happening but since I don't have a better plan, I think I should at least support what is out there that makes sense to the majority of people. What I don't like, I vote against. What I don't know, I defer to the majority and live with the consequences.
    As for when the President came to "realization" I couldn't fathom, you would have to ask him (which you can do at Welcome to the White House).
    I am not an expert here, just a concerned citizen (that does her own facts checking) and realizes the problem with our government is not the government, but the people that refuse to take part in it.
    Again, an excuse or slam will not fix this problem. If you don't like the policy; come up with a new one, vote the people you don't like out, get involved.

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by LoriB View Post
    The stimulus package was written by congress not the President, we needed help and this was the best that our government (collectively) could come up with. I don't see a better plan floating around, do you ? In a time of recession, stimulus is a normal reaction (did we not see this with Bush?), economists are on both sides of the table here, there has never been anything so big nor bad happening in the economy to set a precedence or a pattern that we could apply to this time in our lives.
    I don't agree with all that is happening but since I don't have a better plan, I think I should at least support what is out there that makes sense to the majority of people. What I don't like, I vote against. What I don't know, I defer to the majority and live with the consequences.
    As for when the President came to "realization" I couldn't fathom, you would have to ask him (which you can do at Welcome to the White House).
    I am not an expert here, just a concerned citizen (that does her own facts checking) and realizes the problem with our government is not the government, but the people that refuse to take part in it.
    Again, an excuse or slam will not fix this problem. If you don't like the policy; come up with a new one, vote the people you don't like out, get involved.
    What you're not taking into account is that there is no money. Zero. Zilch. Nada.

    This was all charged on our Chinese mastercard, printed on fresh paper. There isn't an "account" to withdraw this money from.

    Which means your gallon of milk will be $6 in a couple of years, and your utility bills will double.

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    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by Erod View Post
    What you're not taking into account is that there is no money. Zero. Zilch. Nada.

    This was all charged on our Chinese mastercard, printed on fresh paper. There isn't an "account" to withdraw this money from.

    Which means your gallon of milk will be $6 in a couple of years, and your utility bills will double.
    Says who? The Chinese have no incentive to stop lending us money unless we piss them off. Seeing as how Obama is actually making an attempt to improve foreign relations, this might not be as bad as it could have been.

    And let's not try to pretend that this is all Obama's fault. I mean, it may just be me, but I don't think Obama taking office led to nobody wanting to buy GM or Chrysler cars anymore.

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