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Thread: Poll shows Americans oppose entitlement cuts to deal with debt problem

  1. #171
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Americans are more pessimistic about the economy than they have been in more than two years, as gas prices soar, unemployment remains high and Washington battles it out over federal spending, a new poll suggests.

    In a New York Times/CBS News poll released late Thursday, views of the path on which the country is headed are the worst they’ve been since just weeks after President Barack Obama took office in early 2009. Twenty-six percent of those surveyed said the country is on the right track, while 70 percent said it’s on the wrong one. In February 2009, 23 percent of those surveyed for a CBS poll said it was on the right track, while 68 percent said it was on the wrong one.

    Eighty percent of those surveyed, meanwhile, said they think the economy is doing fairly or very bad, while 17 percent said it is fairly good and just 2 percent said it is very good.

    On the economy, though, Obama does worse. His approval rating on economic matters is at 38 percent, while disapproval is at 57 percent. That disapproval number is the highest it’s ever been for Obama; before this poll, its height was 54 percent in July 2010. He does similarly poorly on his handling of the federal budget deficit – 33 percent approve, while 59 percent disapprove.
    Poll suggests deep economic pessimism - Jennifer Epstein - POLITICO.com

    time for another great speech, an excellent speech?

    leadership, anyone?

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by samsmart View Post
    We also need defense spending cut as well though.
    I agree, its why I said across the board cuts. Defense, along with SS, makes up our biggest hunk of the budget. Now on one hand, it helps the economy through stabilization as you say while also being a core and clear constitutional responsability of the government. At the same time, attempting to cut spending without looking at Defense is just a ridiculous and hollow excercise. Legitimate cuts need to be made to defense, yet at the same time it can't be the primary or majority target where you're cutting 2 or 3% from entitelements and other programs and cutting 25% from the military budget.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    CT -
    Draconian spending cuts to shrink the federal government would hurt our economy!
    I see this posted all the time... The entitlement cuts won't hurt the economy, they primarily affect those that are not contributing to the economy. Unless you are suggesting that pulling funding from NPR, Planned Parenthood, and the Endowment fund for the Arts will somehow hurt us all in the long run? LOL

    Truthfully, if government would grow in one single area I would have no problem with it. Grow in the area of social case worker.. STOP the damn fraud and abuse of our entitlement spending, and I would consider it a good step in the right direction that our government was serious about spending. Just like with illegal immigration, we can't begin to have that sit-down and talk about amnesty until the damn border is sealed..


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by The Prof View Post
    bottom line---if something isn't done now to restructure our budget obligations, then the big 3 federal programs as well as state pensions simply will not exist for the next generation in the form that's been promised

    service on the debt, mere interest alone, is fast approaching a full trillion per year
    I agree and now let's see if the parties can agree on how to save the entitlements without getting rid of them, because getting rid of them is suicide. If you want an entitlement then pay for it up front.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    there's not enough money in the galaxy to pay for these entitlements up front nor at the back end

    they're gonna have to be restructured, there's no avoiding it

    it's going on in new york, in california, thru the rust belt, in the eu...

    major budget reform will impose itself inevitably on washington dc LIKE PHYSICS if our "leaders" don't stop making stump speeches and actually DO something

    ie, we'll simply run out of money (even as bernanke continues to pump paper, trying to scotch tape our economy together with 3 trillion dollars of garbage backed junk---undiversified)

    it is what it is, there's no stopping it

    the slash can try to lead thru the restructuring, or he can just get steamrollered, but he can't stop it

    WHERE'S HIS BILL?

  6. #176
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Zyphlin View Post
    I agree, its why I said across the board cuts. Defense, along with SS, makes up our biggest hunk of the budget. Now on one hand, it helps the economy through stabilization as you say while also being a core and clear constitutional responsability of the government. At the same time, attempting to cut spending without looking at Defense is just a ridiculous and hollow excercise. Legitimate cuts need to be made to defense, yet at the same time it can't be the primary or majority target where you're cutting 2 or 3% from entitelements and other programs and cutting 25% from the military budget.
    Amazing, in general most Americans are against cuts to an unconstitutional program (SS) that is bankrupting the nation. :
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by American View Post
    Amazing, in general most Americans are against cuts to an unconstitutional program (SS) that is bankrupting the nation. :
    You may be surprised to know not everyone agrees it is unconsititutional. I'm sure you're a constitutional scholar, the worlds foremost expert and all, but there is disagreement all the same.


    Just to help:

    The constitutionality of the Social Security Act was settled in a set of Supreme Court decisions issued in May 1937. The text of those decisions, with dissents, is presented here. (We also include a brief historical essay to help general readers better understand the context of the decisions.)

    Social Security Online
    Last edited by Boo Radley; 04-22-11 at 03:36 PM.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    social security was sold for generations as NOT a welfare program but an insurance system instead

    if the cap on taxable income is raised (which it will be), yet another fundamental prop underpinning social security is yanked out

    bowles simpson state plainly what an overwhelming consensus of economists for at least a generation have conceded---social security one day is gonna have to be restructured

    Fiscal Commission Co-Chairs Simpson And Bowles Release Eye-Popping Recommendations | TPMDC

    further, its fix is fourfold---raising the cap, raising the age, raising the payroll and freezing the bennies

    moreover, mature economists also recognize that no recipe of any three of the above will suffice---all four REVISIONS to the existing agreement are requisite

    bottom line---why is a social safety net, especially one of such staggering scale, so fundamentally in need of fixing?

    in other words, why can't it keep its promises?

    americans are sick of being lied to by their govt

    as andrew cuomo in his scorching state of the state said---we pay too much and get too little in return

    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo

    social security, as well as medicare, medicaid and state pensions, are in dire need of imminent reform, if they're not fixed now they'll pass away

    so the slasher is on the stump in silicon valley and hollywood

    tell him to pick up a phone

    call harry

  9. #179
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Zyphlin View Post
    I agree, its why I said across the board cuts. Defense, along with SS, makes up our biggest hunk of the budget. Now on one hand, it helps the economy through stabilization as you say while also being a core and clear constitutional responsability of the government. At the same time, attempting to cut spending without looking at Defense is just a ridiculous and hollow excercise. Legitimate cuts need to be made to defense, yet at the same time it can't be the primary or majority target where you're cutting 2 or 3% from entitelements and other programs and cutting 25% from the military budget.
    Well, here's the thing.

    I don't care if we have military spending. I actually do agree that we need a strong military for national security and defense.

    But as has been said one reason why we need a strong military is to provide global stability. Which also provides global security. Which reduces the risks to international financiers, investors, and businessmen.

    So how about this? In times of war, conflict, and military deployment we levy a "war tax" on large corporations. That way those who benefit the most from the security provided by the military who protect corporate interests are the ones to pay for the military.

    So since corporations are paying for the military, other tax revenues can go to entitlements.

    Would you say that that's fairer?
    Also, we need to legalize recreational drugs and prostitution.

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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Hicup View Post
    The entitlement cuts won't hurt the economy, they primarily affect those that are not contributing to the economy.
    Mandatory spending (entitlement programs) needs to be addressed. The current growth rate in such spending is unsustainable and such spending is the primary driver of the nation's long-term imbalances. Having said that, there would be a macroeconomic drag from slowing growth/cutting such spending. A significant proportion of such benefits are spent. Hence, aggregate demand via personal consumption would weaken. Raising the eligibility age would have an inconsequential macroeconomic impact. Needless to say, early action during a time of still abnormally low interest rates and sustainable economic growth would be far better than delay. Delay would lead to growing fiscal risk, larger imbalances, and a need for more painful fiscal consolidation, especially if a crisis erupted.
    Last edited by donsutherland1; 04-22-11 at 08:34 PM.

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