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I hear crickets. No solutions from the masses?
What is sad that you are the only one who reply to my statement and list of solutions.
Mr. J. Williams
Thank you for hearing me out. At least someone is trying to come up with a solution unlike the Victoria Democrats. I firmly believe in hitting the reset button. If the federal government cut 10-15% across the board in 2011, one trillion dollars would be saved so much for Ron Paul's four year plan. As for the Oil, I think the government should 'dicate' where the oil is going that is in Federal lands.
In other words, start with doing a reset and go back to the times that is was woring with a few added things to pay down our massive debt.I don't know enough about all of your proposals to comment on them all, but a few stick out to me.2. Drilling more won't help if the oil companies are allowed to take the oil they remove from our ground, overseas to the highest bidder. How about Nationalizing the oil industry? Not a government takeover in any way, but the oid drilled here, stays here. And, the oil substities need to be based on the total profits, not just a given.4. Yes5. Yes6. Yes7. Yes8. Yes
The rest, don't know.
Thank you for saying that. If people would stop with the He said she said mess, the Conspiracy theory mess, and the hide and seek “rearview mirror” BS, than solutions might be made. The author of this blog ran for office, I have yet to hear a solution from him on this blog. I tell you what I have a solution and sadly it won’t go beyond this website or my personal writings.
1) Cut 10-15% of all budget items for this year and cut another 10-25% for 2012 and 2013 with a plan to pay off the national debt.
2) The untapped oil in Montana and the Dakotas is so plentiful that the resources could be used to pay earthquake/nuclear struck Japan back it debt.
3) The Paul C Fisher Tax Plan with those making over $300,000 would pay a flat income tax, while every American pays a valued sales tax. Food and Clothes 2% with Luxury items being 23-25%.
4) A transaction tax of 3% on Wall Street. International transactions will be 5%.
5) Repeal Dodd-Frank and Gramm-Leach; and Reinstate Glass-Steagall act of 1933.
6) De-globalize the economy by ending NAFTA, CAFTA, and remove membership from the WTO.
7) Trade with all NATIONS, but place a 2% tariff on unfavorable nations.
8) Audit the Federal Reserve.
Now I would like to see anyone who read this, challenged my plan to fix the economy and pay off the debt because talking about FOX/MSNBC talking points won’t fix the problem.
You can't solve the problem until you can figure out what caused it. Then, and only then, can you move forward with a plan that solves the problem.
What is need is for people to stop pointing fingers and solve the problem.
Thanks to you and Obama for providing the cherries to pick!
nice job of cherry-picking.
Born, I read your link, it was filled with unsubstantiated opinions and other gibberish. However in that link there were links to other sources such as the St. Louis Fed. They analyzed the effect of the Bush tax cuts and came to these conclusions:
"The fact that the effective tax rate declined for all income levels is partially responsible for the decline in tax revenue as a percent of GDP (shown in the first chart). The decline in tax revenue after 2000 also reflected the effects of the 2001 recession and the collapse of the tech stock bubble in 2000 that led to a significant decline in capital gains tax receipts. However, once the recession ended and the recovery began, tax revenue as a percent of GDP returned to its long-run average (by 2007) before falling sharply during the deep recession of 2007-09.
Hence, the net effect of all the adjustments to the tax code since the early 1980s has been to significantly reduce the effective tax rate for households in the bottom 80 percent of the income distribution, while leaving the average tax rate for those in the highest quintile of household income essentially unchanged. "
After reading this your head should stop shaking, if not you should seek medical help. I suggest you do this before Obamacare kicks in otherwise you will be in for a long, long wait to see a doctor - just sayin.
300 million people in India escaped poverty in the last 3 years. Under the Barack Obama administration, the level of poverty in the United States has risen.
The Size of the U.S. Debt:
The U.S. debt is the largest in the world. How did it get so large? Purchasers of Treasury bills still reasonably expect the U.S. economy to recover enough to pay them back. For foreign investors like China and Japan, the U.S. is such a large customer it's allowed to run a huge tab so it will keep buying exports. See U.S. Debt to ChinaEven before the economic crisis, the U.S. debt grew 50% between 2000-2007, ballooning from $6-$9 trillion. The $700 billion bailout helped the debt grow to $10.5 trillion by December 2008. The debt is tracked by the national debt clock.
The National Debt Level:
The debt level is the debt as a percent of the total country's production, or GDP, which was $15.3208 trillion as of the fourth quarter 2011. The debt-to-GDP ratio is more than 100%, up from 51% in 1988.Interest on the debt was $454 billion in Fiscal Year 2011, the highest ever. That's despite lower interest rates. The interest on the debt in the FY 2103 budget is $248 billion, the sixth largest budget item. (Source: U.S. Treasury, Interest)
How Did the U.S. Debt Get So Large?:
Government debt is an accumulation of budget deficits. Since the Reagan Administration, the Federal government has been cutting taxes while increasing spending. Spending includes the economic stimulus package, the 2008 government bailout measures and the roughly $800 billion a year military spending. The deficit is also caused by reduced income from the recession, as well as the EGTRRA and JGTRRA tax cuts and the Alternative Minimum Tax patch.In the short run, the economy and voters benefited from deficit spending. Usually, however, holders of the debt want larger interest payments to compensate for what they perceive as an increasing risk that they won't be repaid. This added interest payment expense usually forces a government to keep debt within reasonable limits.
The U.S. also has a debt ceiling, which attempts to limit the debt. However, Congress usually raises the ceiling to prevent the negative consequences of a debt default.
The U.S., however, has been the beneficiary of two unusual factors. First, the Social Security Trust Fund took in more revenue through payroll taxes leveraged on Baby Boomers than it needed. Ideally, this money should have been invested to be available when the Boomers retire. In reality, the Fund was "loaned" to the government to finance increased deficit spending. This interest-free loan helped keep Treasury Bond interest rates low, allowing more debt financing. However, it's not really a loan, since it can only be repaid by increased taxes when the Boomers do retire.
this is the best site I've found so far. Read both pages and get to the surprise at the end.
Yeah the web site I use is pretty stupid, it's Obama's web site - stupid is as stupid does I guess.
Actual vote for Iraq WarHouse of Rep.Party Ayes Nays PRES No VoteRepublican 215 6 0 2Democratic 82 126 0 1Independent 0 1 0 0TOTALS 297 133 0 3
United States SenateParty Ayes Nays No VoteRepublican 48 1 0Democratic 29 21 0Independent 0 1 0TOTALS 77 23 0
Bush added 5.07 Trillion to the deficit/debt. Obama has only added 1.44 trillion.I think we are getting our statistics from polar opposite web sites. I go by the one that makes more intelligent sense. I guess you go by the other ones.
Born, at the risk of being considered ignorant by you - oh the shame - Clinton at the time had the lowest spending as a percent of GDP since 1975. His spending averaged 19.8% of GDP. His revenue averaged 19.0% of GDP. He set the bar for low spending. Guess who lowered that bar even more? Yep George W. Bush, he lowered it to 19.6% of GDP. Bush's revenue however was less averaging 17.6% of GDP, but that percentage was rising at the end of his term.
On the other hand Obama, is in whole new league. His spending has averaged 24.4% of GDP and his revenue has averaged only 15.4%, an explosive mix. That means to balance his budget revenue will have to increase approximately 1.5 trillion dollars and income taxes will have to increase 2.5 times. Currently income taxes raise about one trillion dollars. Fortunately we have the Fed, which can continue there "quantitative easing" a euphemism for printing money - that will work for a while :(
And BTW this information was obtained directly from Obama's Whitehouse.
Were are those WMD's? They are here somewhere and Halliburton will find them because Uncle Dicky said so and we will find them if it takes 10 years..
It wasn't just Bush II, it started during Reagan's term, then both Bush's. Clinton was the only reasonable one and got us back on track, only to be bombed again after he left office.The policies signed into law during President Obama's term, are not the problem and would not be a problem now if the previous 8 years hadn't have happened.If Clinton's policies, and tax rates, had been left alone, we would be sitting pretty right now. Not anyone with a brain in their head can discaim that and if they do, it just shows how ignorant they are.
Our government has the financial discipline of a 19-year-old Ole Miss frat boy. And – I am not making this up – the Obama administration initially tried to blame the GSA excesses on Bush, much like our frat boy blames the towing company for costing him $200 when he messes up.
Fresh from welcoming his family back from Las Vegas, Obama was said to be "outraged" about GSA spending. This comes from the man who flies his wife and dog to exotic vacations on separate jets, just a couple of hours from when he flies in on Air Force One. The admonishment is all a part of the Obama administration's "Do as we say, not as we do" philosophy.
That darned Bush... I guess Bush can easily claim to be the most powerful Leader in the history of the world. Years after he's gone he continues to wreak havoc. LMAO!
I am really glad this is being discussed. We all know every last cent spent during the Bush years was wisely spent. Thank you all for pointing out how wasteful this administration has been.
From a recent article on some government employees fighting with their every breathe to help their fellow Americans."The arrogance of these civil servants is, of course, jaw-dropping. Regional Commissioner Jeff Neely, the Paris Hilton of GSA party animals, wrote in an invitation to personal friends: "We'll get you guys a room near us, and we'll pick up the room tab. ... I know I'm bad, but as Deb and I often say, why not enjoy it while we have it and while we can. Ain't gonna last forever."
You gotta love it. We can all probably sleep better tonight knowing that once again Bush caused all of this. LMAO!
Obama increased federal spending by 30%, how is that Bush's fault? Much of the stimulus went to expand the spending of every federal agency. Each department was awash with money, so much they couldn't spend it all, so let's party - Vegas anyone?
I still shake my heads over things that people are just not getting or are unwilling to "get". Bush's policies are still in effect, still adding to the debt. His tax cuts are still in effect, the wars are still going on, Medicare, Part D is still in effect. They are all still adding to the debt.President Obama might have added some, but the majority is still a direct result of the Bush years.He tried to end the Bush tax cuts, but who stopped him? He is trying to end subsidies to the oil companies, but who is stopping that. He is trying to make those that can, shoulder more in reducing the debt, but who is stopping that? He is trying to fix the tax code, so it is more fair, but who is stopping that?He is trying to come up with a jobs plan that builds infastructure and puts more people back to work here in America, but who is stopping that?You cannot get this Country back in the black, putting the burden on those who have nothing to begin with. You cannot get this Country back in the black without jobs coming back ot America. You cannot keep blaming those who are on public aid for being slackards, when there is 1 job available for every 6 persons unemployed. Surely all of you smart people can add and subtract well enough to figure out that is not possible.Right now, we have a President that has done everything he can to get people back to work and all of you want to go backwards to the same policies that wrecked this Country to begin with. Doesn't make much sense to me.
If the current occupant of the White House has anything to say about it, the spending will stop when our international credit rating has fallen to a level below that of Greece, not before.