“Over the past few years, U.S. government debt held by the public has grown rapidly—to the point that, compared with the total output of the economy, it is now higher than it has ever been except during the period around World War II. The recent increase in debt has been the result of three sets of factors: an imbalance between federal revenues and spending that predates the recession and the recent turmoil in financial markets, sharply lower revenues and elevated spending that derive directly from those economic conditions, and the costs of various federal policies implemented in response to the conditions.
Further increases in federal debt relative to the nation’s output (gross domestic product, or GDP) almost certainly lie ahead if current policies remain in place. The aging of the population and rising costs for health care will push federal spending, measured as a percentage of GDP, well above the levels experienced in recent decades. Unless policymakers restrain the growth of spending, increase revenues significantly as a share of GDP, or adopt some combination of those two approaches, growing budget deficits will cause debt to rise to unsupportable levels.”
“Beyond those gradual consequences, a growing level of federal debt would also increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage its budget, and the government would thereby lose its ability to borrow at affordable rates.”
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
If states need to act independently….. so be it.
It’s a huge issue and the country needs to tke it seriously before we really find ourselves in trouble.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
If states need to act independently….. so be it.
It’s a huge issue and the country needs to tke it seriously before we really find ourselves in trouble.
I think it’s a bit too late for that. It’s just a matter of how much trouble and for how long at this point. If the debt is to be repaid it has to be through cutting services, taxes, or creation of more money. That’s the only way to create revenue. Services won’t be cut…. at least with this current reign of stupidity and printing more money will only lead to hyper-inflation. Taxes are being raised but in the wrong manner. The Enlightened One is punishing businesses daily. He needs to reward business with tax relief incentives which will increase jobs, production, and, thus, spending. Then tax revenue will actually increase. Actually, this needs to be done in combo with drastic reductions in social programs.
Problem is many of the business leaders in this country lack the character to do the right thing with any breaks. We see outlandish bonuses, corruption, and irresponsibility. There ultimately is no perfect answer, but given what I know, we shouldn’t let a few bad apples spoil the bushel. It’s certainly better than the alternatives. You see firsthand what the alternatives have gotten us.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
If states need to act independently….. so be it.
It’s a huge issue and the country needs to tke it seriously before we really find ourselves in trouble.
I think it’s a bit too late for that. It’s just a matter of how much trouble and for how long at this point. If the debt is to be repaid it has to be through cutting services, taxes, or creation of more money. That’s the only way to create revenue. Services won’t be cut…. at least with this current reign of stupidity and printing more money will only lead to hyper-inflation. Taxes are being raised but in the wrong manner. The Enlightened One is punishing businesses daily. He needs to reward business with tax relief incentives which will increase jobs, production, and, thus, spending. Then tax revenue will actually increase. Actually, this needs to be done in combo with drastic reductions in social programs.
Problem is many of the business leaders in this country lack the character to do the right thing with any breaks. We see outlandish bonuses, corruption, and irresponsibility. There ultimately is no perfect answer, but given what I know, we shouldn’t let a few bad apples spoil the bushel. It’s certainly better than the alternatives. You see firsthand what the alternatives have gotten us.
Unfortunately, you’re right across the board.
Regarding the businesses, I think there is more of what you’re saying in the corporate world than in small business, which is were most jobs are created. They don’t really have the margins to be outlandish and for many of them, another employee can equal the ability to provide more good or services. Cetainly, it’s not as clean as that. Anyway, those are the people who really get hit by the “tax the rich” mentality.
With the coporations, there are thousands that exist, which means that there will be alot with poor practices and hopefully a lot that are above board.
The combination of the two are who we have to employ people, outside of government. Though some may not be honorable, attacking them all is attacking the job producers.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
If states need to act independently….. so be it.
It’s a huge issue and the country needs to tke it seriously before we really find ourselves in trouble.
I think it’s a bit too late for that. It’s just a matter of how much trouble and for how long at this point. If the debt is to be repaid it has to be through cutting services, taxes, or creation of more money. That’s the only way to create revenue. Services won’t be cut…. at least with this current reign of stupidity and printing more money will only lead to hyper-inflation. Taxes are being raised but in the wrong manner. The Enlightened One is punishing businesses daily. He needs to reward business with tax relief incentives which will increase jobs, production, and, thus, spending. Then tax revenue will actually increase. Actually, this needs to be done in combo with drastic reductions in social programs.
Problem is many of the business leaders in this country lack the character to do the right thing with any breaks. We see outlandish bonuses, corruption, and irresponsibility. There ultimately is no perfect answer, but given what I know, we shouldn’t let a few bad apples spoil the bushel. It’s certainly better than the alternatives. You see firsthand what the alternatives have gotten us.
Unfortunately, you’re right across the board.
Regarding the businesses, I think there is more of what you’re saying in the corporate world than in small business, which is were most jobs are created. They don’t really have the margins to be outlandish and for many of them, another employee can equal the ability to provide more good or services. Cetainly, it’s not as clean as that. Anyway, those are the people who really get hit by the “tax the rich” mentality.
With the coporations, there are thousands that exist, which means that there will be alot with poor practices and hopefully a lot that are above board.
The combination of the two are who we have to employ people, outside of government. Though some may not be honorable, attacking them all is attacking the job producers.
That’s a good point. Probably why the Tea Party movement is so appealing to small business owners.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
Of course 3rd world red states will never catch up to California, Massachusetts and New York.
On that chart: Colorado, Nevada, and Florida changed from red to blue making the chart that much more drastic.
I say let these incompetent red states fail.
Don’t think the Commonwealth is failing anytime soon, pal. Number 2 economy in 2009. Number 1 overall “best run” state for the fourth straight year and we’re out of the red and in the black in 2010. Expect more of the same…. just like we’ll see more bankruptcy and begging for federal funds from the wacko liberal states. Oh….. and look who’s number two. That bastion of liberalism…... Texas. LOL.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
Of course 3rd world red states will never catch up to California, Massachusetts and New York.
On that chart: Colorado, Nevada, and Florida changed from red to blue making the chart that much more drastic.
I say let these incompetent red states fail.
Dude, California responded to tax filings with IOU’s. I admire the idealism, but reality contradicts it. Greece is in turmoil for the same reson California is writing IOU’s. England is backing off of their healthcare promises. France has had riots because they can no longer afford the entitlements. However, you want to continue along the same path to save the economy,despite what the CBO and the rest of the world suggests!?
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
Of course 3rd world red states will never catch up to California, Massachusetts and New York.
On that chart: Colorado, Nevada, and Florida changed from red to blue making the chart that much more drastic.
I say let these incompetent red states fail.
Don’t think the Commonwealth is failing anytime soon, pal. Number 2 economy in 2009. Number 1 overall “best run” state for the fourth straight year and we’re out of the red and in the black in 2010. Expect more of the same…. just like we’ll see more bankruptcy and begging for federal funds from the wacko liberal states. Oh….. and look who’s number two. That bastion of liberalism…... Texas. LOL.
Go spread your Obamaganda somewhere else. The American people have seen enough. Just hope it’s correctible at this point.
What the American people have seen is Obama try to keep us a float after 8 years of the bullcrap you want to return to. Obamaganda? So you want to go back to spend spend spend under your boy Lil Bush? Or you want to return to him lying to the America people to send us off to a war he didn’t pay for, left for Obama to deal with…. you want to return to giving his rich friends a tax cut, again not paid for, sending our economy into the free fall Obama saved us from?
Yes, sign me up… I want Bush back LOL….
I have to ask. What kind of mind can be talked into the crap your radicals are talking you into? I mean do you have any memory at all? Or is the country not your issue, just beating Obama is your agenda? Regardless, history does not lie. Look at our country before Obama…. and then look at our country with Obama.
I read this stuff and just go Wow. Seriously, no bullcrap. I read what you say, and think damn this person is a mess. If you actually believe the crap. Personally I think there is such a one upmanship in politics, particularly on a forum that your more so trying to generate response verses believe some of the incredibly out of touch concepts you share.
This is the #2 issue facing this country today and is probably the biggest reason for Tea Party movement. Federal spending is out of control. It has been for 15 years. Bush was ridiculous. Obama is just off the chart on an almost indescribable level of ridiculous. There really isn’t even a word for it.
Almost certainly most of the problem will be removed from office in Nov. We’ll see if anything changes. If not, look for more states to act on there own to address economic problems as Arizona has/is trying to do with the financial burden illegal aliens have put on them. States like Massachusetts and California are probably too far gone already. Oh well, you reap what you sow wrt the outrageous social programs they have instituted. But states like Virginia (now under a conservative BTW) are already out of the red and in the black. I pray that the Commonwealth will continue to abide by business friendly regulations and common sensical spending and will not be blackmailed by the federal gov’t social agenda.
Of course 3rd world red states will never catch up to California, Massachusetts and New York.
On that chart: Colorado, Nevada, and Florida changed from red to blue making the chart that much more drastic.
I say let these incompetent red states fail.
Don’t think the Commonwealth is failing anytime soon, pal. Number 2 economy in 2009. Number 1 overall “best run” state for the fourth straight year and we’re out of the red and in the black in 2010. Expect more of the same…. just like we’ll see more bankruptcy and begging for federal funds from the wacko liberal states. Oh….. and look who’s number two. That bastion of liberalism…... Texas. LOL.
Go spread your Obamaganda somewhere else. The American people have seen enough. Just hope it’s correctible at this point.
What the American people have seen is Obama try to keep us a float after 8 years of the bullcrap you want to return to. Obamaganda? So you want to go back to spend spend spend under your boy Lil Bush? Or you want to return to him lying to the America people to send us off to a war he didn’t pay for, left for Obama to deal with…. you want to return to giving his rich friends a tax cut, again not paid for, sending our economy into the free fall Obama saved us from?
Yes, sign me up… I want Bush back LOL….
I have to ask. What kind of mind can be talked into the crap your radicals are talking you into? I mean do you have any memory at all? Or is the country not your issue, just beating Obama is your agenda? Regardless, history does not lie. Look at our country before Obama…. and then look at our country with Obama.
I read this stuff and just go Wow. Seriously, no bullcrap. I read what you say, and think damn this person is a mess. If you actually believe the crap. Personally I think there is such a one upmanship in politics, particularly on a forum that your more so trying to generate response verses believe some of the incredibly out of touch concepts you share.
TBE to highjack thread in 5…......4…........3…........2….......Ughhhhhhh…..... too late. Sigh.
Federal spending has NOT been out of control for 15 years; it’s been more like 30. Reagan and his obscene amount on military coupled with the crap “trickle down” theory started all this. Don’t put this on Clinton.
Problem is many of the business leaders in this country lack the character to do the right thing with any breaks. We see outlandish bonuses, corruption, and irresponsibility.
+1. You all HAVE to remember that our beloved government doesn’t do squat without Corporate America’s (and their lobbies’) approval. Our government officials are nothing more than CA’s bitches. Snip that, and you’ll see a government more responsive to the regular people and not to the elite.
And no, nothing will change come November, no matter how many incumbents are out, if all you’re gonna do is the same thing you’ve always done: traipse down to the precinct and vote for either Democrat or Republican, or go in there with the mindset of voting someone out instead of someone in. You do that and the problem continues, don’t bitch. You put them there.
Federal spending has NOT been out of control for 15 years; it’s been more like 30. Reagan and his obscene amount on military coupled with the crap “trickle down” theory started all this. Don’t put this on Clinton.
Problem is many of the business leaders in this country lack the character to do the right thing with any breaks. We see outlandish bonuses, corruption, and irresponsibility.
+1. You all HAVE to remember that our beloved government doesn’t do squat without Corporate America’s (and their lobbies’) approval. Our government officials are nothing more than CA’s bitches. Snip that, and you’ll see a government more responsive to the regular people and not to the elite.
And no, nothing will change come November, no matter how many incumbents are out, if all you’re gonna do is the same thing you’ve always done: traipse down to the precinct and vote for either Democrat or Republican, or go in there with the mindset of voting someone out instead of someone in. You do that and the problem continues, don’t bitch. You put them there.
Federal spending has NOT been out of control for 15 years; it’s been more like 30. Reagan and his obscene amount on military coupled with the crap “trickle down” theory started all this. Don’t put this on Clinton.
Problem is many of the business leaders in this country lack the character to do the right thing with any breaks. We see outlandish bonuses, corruption, and irresponsibility.
+1. You all HAVE to remember that our beloved government doesn’t do squat without Corporate America’s (and their lobbies’) approval. Our government officials are nothing more than CA’s bitches. Snip that, and you’ll see a government more responsive to the regular people and not to the elite.
And no, nothing will change come November, no matter how many incumbents are out, if all you’re gonna do is the same thing you’ve always done: traipse down to the precinct and vote for either Democrat or Republican, or go in there with the mindset of voting someone out instead of someone in. You do that and the problem continues, don’t bitch. You put them there.
Fair enough on Reagan. Though I think spending to defeat the Soviets vs. actually fighting them was worth the debt….. which is minute in comparison with what Bush and—especially Obama has racked up. Clinton…..LOL. Now, that guy was slick. I love how he claims he “balanced” the budget. Here’s an example…... let’s say Willie borrowed $100 million and only spent $90 million. Willie would say we have a $10 million surplus. Reality…... the county owed $100 million.
All in all, though, despite my conservative leanings, Clinton was not a bad president. (Probably because he was flanked by a conservative congress to keep him in check. ;>)) I actually listened to him during the 1996 election. Some of his ideas, though, I disagreed with them at least made sense. Far cry from this clown in the White House today.
Thank you my friend. FWIW, I don’t think this Tea Party thing will end up bringing about true change. Just a swap in the old guard.
Not to argue, but to ask: how many Democratic candidates has the TP endorsed?
Don’t you guys worry about my vote now; I won’t be showing up to any precinct come November…of any year.
I don’t think the Tea Party itself will be enough. The entire culture of the government needs an overhaul, and I don’t know if there is enough outrage yet, but maybe it will be the start of something.
I don’t know enough about the Tea Party’s support of candidates across the country to know exactly who they support in all the elections. I do know of one democrat in Idaho that they’ve supported. I think that some of the fiscally conservative democrats could get their support, but they would have to go against their national party who has attempted to marginalize the Tea Party. I have also seen them target some Republicans that were not fiscally conservative.
