Hmmm......November 6 2010 at 12:21 PM
"Whenever there are great strains or changes in the economic system, it tends to generate crackpot theories, which then find their way into the legislative channels."
Theories such as creating $600B out of thin air...
|November 7 2010, 9:52 AM |
...to spur economic growth. The Fed is creating an asset bubble that will devastate our economy within the next 5 years.
Congress has already placed us in jeopardy, hence the election results
|November 7 2010, 10:53 AM |
we are tired of them spending, increasing taxes and spending more. It is time they got their house in order and balanced the budget, maybe not granting themselves a pay increase would be a start, foregoing expensive trips, no more Pelosi et all flying their own jet home, put all of their butts on Delta etc. coach and save those dollars as well. Make them live within their budget..... it is a start.
Please stop with this election shows the American people are fed up.
|November 7 2010, 11:06 AM |
Sure there is frustration by many, but if it was change from what was in place before then every congressman would have been defeated and that did not happen. Many of the so called problem congressman are still in power and some were replaced with questionable alternatives. The electorate is too ignorant of the facts because the parties skew and manipulate for their own personal gain rather than the gain of the USA. If they were truly in DC to help the country they would do what is right serve their term and move back into the private sector where supposedly the good people are.
It's amazing that we continue to hear ad nauseum, that DC is broken and that change is needed, yet we hear it from those in DC that have been there for way too many years. It is always the other guy at fault. They talk of the principles of the founding fathers yet few actually live by them. If they did, most would not be in office because it contradicts their actual agenda. Cut spending, but only after you approve my bill. Support election reform after they get elected or only for the other guy. Tell the rest of America to be responsible and live within your means yet blow the federal budget out of the water. Argue over the right health care plan yet exclude themselves from that plan. Stand behind selected parts of the constitution, yet ignore those that do not fit their agenda.
why would every Congressman need to be defeated?
|November 8 2010, 12:44 PM |
some Congressmen actually vote their conscience, and in keeping with what they believe is right and best for the country and for their constituents. They are often in a minority and their vote cast for the losing side. Should they be turned out too?
It takes compromise to reach solutions in a country as diverse as ours.
|November 7 2010, 10:54 AM |
We have greater minds than me or you and yet we can't find a way out that the majority agrees with. If the parties would just act as Americans and quit the "bad idea because the other side thought it up", we would be well on the way to recovery. A solid economic plan results in compromise and consensus, not bickering or attacks. Plenty of sports teams are made up of players with different backgrounds and viewpoints, yet they manage to move forward together in a common goal of winning a game. It takes good leadership and good followers, something we seem to be lacking in this government. And yes this government means Democrats and Republicans and whatever other party affiliation is in the mix.
Nope. it takes leadership...
|November 7 2010, 11:05 AM |
to cut the expenses to match the revenue. To travel coach. To cut the size of the government. That's not what we have done for the last 2 years. The government has been on a spending high. Leadership to eliminate the income tax and use only a sales tax. Works in Texas and Florida. Compromise is getting what nobody really wants.
|November 7 2010, 11:13 AM |
You make such biased comments. The federal government has been abusing its power for decades and both parties are guilty, so let's quite the ridiculous comments about the last few years. Comoprise is part of life and we live it everyday. One way is not always the right way. Even in your own home you comprise all the time. Do parents have to compromise on certain things, no because it is the parent who brings in the money for the family to operate, but when it comes to things like dinner, vacations, extra curricular activities, etc, there has to be compromise or nothing gets done or if forced will result in some unpleasant moments. The Republicans talk incessantly about the founding fathers standing together to produce the constitution, yet the document conceived after much argument and yes, compromise.
Please what? You?
|November 7 2010, 7:29 PM |
You want, for instance, health care. Let's make it local. You want the Atlanta Street Car. I don't. What's to compromise? Where in the city charter does it say build a street car? Nowhere. So the compromise would be what? Half a street car? Half a track? See where this goes? You get bad stuff. If we agree to disagree, then no street car. It wasn't really needed, so no harm done.
We need to fix the water lines? I think we could agree on a solution. Maybe not, if you think they need to be platinum.
Sometimes you just walk away. Leadership. If we agree it's needed, and it's in the constitution under federal powers, then let's get it done. But Social Security wasn't. Medicare wasn't (that's a great example of what compromise produced), heath care isn't either. If we do what needs to be done, and not more, then we can afford it. Both sides of the aisle need to remember this. If not, vote them out. But Compromise for Compromise's sake is a REALLY BAD IDEA!
You speak the obvious. It is tiring.
|November 7 2010, 8:21 PM |
The whole health care bill is not bad, just parts of it. That is what you comprise on. It is not a street car - yeah that seems obvious. Social security was presented as a way to keep a lot of people from eating dog food when they retired. Just because you don't need it does not mean it is not a valid program. The problem is the politicians play political gamer with it. They make it an evil thing and many believe it to be such. It just needs to be better managed and not used as a political tool. What is your suggestion for a safety net for those that aren't as smart as you or those that lack the finances to go to college to land a high paying job. Someone needs to pick up garbage and clean buildings and serve food and fight fires and police our streets and teach our children. To bad they don't get paid like a lawyer or doctor or judge or CEO. If everyone was able to reach those career paths we would have no one to take care of the really tough jobs like those mentioned. Those citizens should have something in place to help them survive when needed.
every worker you mentioned has been paying into social security
|November 7 2010, 9:24 PM |
just think what they could have done and how much money they'd have if they were allowed to use that money instead to contribute to their own retirement accounts such as Keogh, etc. But alas our government thinks we are not capable of spending the money we earn wisely so they must tax us and use those dollars to fund someone else's lifestyle. Why should I have to spend my $$ because some woman wants to have kids she cannot afford to raise, or a guy who'd rather do drugs then get/hold a job? Why should I be penalized because they chose the wrong often times easier path because they knew that the government would support them on someone else's money. Well tell them to get off their lazy butts anad get a job.
We made the tough decisions and now it is time for the lazy to find out the hard way their choices are going to cost them their new TV.
This is not the wild west. It is not the frontier were you stand on your own
|November 7 2010, 9:42 PM |
to live or die. This is the 21st century were lives are interdependent and often times not in our own control. Hardworking people lose their jobs everyday and just can't get a new one at the drop of a hat. Many are not blessed with the brains or where-with-all to pick themselves up and succeed like you supposedly have. You speak of the tiny portion of our population that dollar wise amount to very little strain on you or this nation. Sure they are lazy and choose the lazy way in life, but there are many, many more that are just down and trying to get back up. Suppose we did allow everyone to manage their own finances. Most would probably do fine, but some would make huge mistakes and blow it all. We then find them down and out and now have to do something to either keep them in jail because they resort to crime to survive or pay to keep them in a hospital because they don't have enough money to keep themselves healthy, etc, etc. We still end up having to do something. Oh I guess with your agenda we just let them die off and move on with our lives. Unfortunately some of these people have children and they are not at fault, so what, we let them die off too? Do you believe in God and if you do, do you believer in the teachings of Jesus Christ. If so then you have not learned a thing and if not, then you have not evolved past the neanderthal stage and feels satisfied to live in a society where the strongest survive and the weak perish. Have a great day!
Let People Keep More of Their Money in the First Place
|November 7 2010, 9:51 PM |
The problem is for most people 20% to 35% of their income goes to taxes each year. This prevents people from saving and having a nest egg. Thus, when people do have a life event they are wiped out. If the GD Government would let people keep their money, then people could survive life events.
Personally I do not mind paying taxes, I just do not understand why is has to be my largest single monthly expensive; even greater than my mortgage.
Bingo. We have a winner.
|November 7 2010, 10:50 PM |
Individuals in the U.S give more to charities than their foreign conterparts. Let the people keep more of their money and watch charitable giving to the less fortunate grow.
In contrast, charitable giving among individuals in many of the European countries is low -- in some cases very low -- precisely because they believe the government will handle it.
make it obvious
|November 7 2010, 10:53 PM |
eliminate the income tax, personal and corporate. When you go to the store and pick up a $75 item and see that the federal government adds a $25 tax to it. And then the state adds another $6 to it. You are paying $106 for a $75 item (I left out some of the other embedded taxes and did not adjust the GA sales tax down, but you get the picture).
Wow. Now it's not a $100 item with $6 GA tax, it's a $75 item with the hidden taxes exposed. watch the roaches scurry when we get to that. Of course, the jobs will come back because that $75 item is now cost-competitive with an imported item that was not burdened with the tax overhead.
No You And Your Ilk Are Tiring
|November 8 2010, 6:37 AM |
Parts of the healthcare bill are ok? Which parts genious?
The hell with compromise, getting along in the name of fairness, and especially the new and overly used term diversity.
This is exactly why we are dealing with morons like you today. We have have been too nice in the name of fairness and compromising and look where it has gotten us.
It's over. Get used to it.
You compromise with that.
Your response is the MAIN reason we are where we are.
|November 8 2010, 8:46 AM |
This is not one party or the other being the problem. It is both parties or better yet, our current political climate. "your way" is not the "only way". Just as in life, there are many paths to take. The path we take is not a straight line, but a winding one that has many bumps and dead-ends. Where you start depends on many factors and many of them are very different for each of us. We as individuals make compromises every day. The same is true for things we do in groups no matter what the size. Life is not black and white, it has many shades in between. Intelligent minds understand this. The problem comes from those that "think" their way is the only way. And that leads us back to you.
Keep thinking that...
|November 8 2010, 9:08 AM |
Last Tuesday was the warning shot....
Re: Your response is the MAIN reason we are where we are.
|November 8 2010, 9:26 AM |
'Intelligent minds understand this'
That's why we have 546 people in charge. Problems is... Many of them are more dense than even you. Highly educated, yes. Common sense? Not a lick. See the heading dinner time. In their minds, the majority of them anyway, we'll just borrow the money and go to Fogo. The right answer, whether you agree or not, is either Mickey D's or some bread and bologna and stay home. And that is the crux of the problems with the health care bill. Why does it contain a tax on tanning beds or a requirement for 1099's? That's your misguided view of compromise.
|November 7 2010, 10:59 PM |
I have the cash to go to McDonalds. I have the desire to go to Fogo de Chao. What's the compromise?
Not Congress this time its the Fed
|November 7 2010, 9:44 PM |
The Fed is throwing a "Hail Mary" to spur economic growth and ward-off deflation. They are printing over a half-trillion dollars to purchase Treasury bonds from banks. The theory is that the banks will be flush with cash, which will cause them to lower interest rates. The lower interest rates will induce business and consumers to borrow resulting in a pick-up in demand, investments, and eventually hiring.
The problem is interest rates are at a historical low. Banks are already flush with cash. Business and consumers do not have enough confidence in the future to undertake major debt obligations. Economists have mixed views if this will work or not.
I hope the Fed is right otherwise we are in for a round of '70's style stag-flation. Ironically letting the "Bush tax cuts" expire at the end of this year will essentially take $300B out of the economy in 2011 and run counter to what the Feb is trying to do.
agree, and... businesses are also flush with record cash reserves
|November 8 2010, 7:57 PM |
The problem with our economy isnt that businesses/banks dont have cash on hand to spend, it is just that they are not willing to spend that cash reserve due to huge uncertainties over the future created by Obama's policies.
For example, banks have lots of money available to finance mortgages. Interest rates are near zero percent yet no one is "buying". Why not?
Because there is no real demand for new mortgages. Too many people are unemployed, many others are afraid of what next year and beyond holds for their family finances due to pending health care increased costs, increased taxes, and a weak job environment where almost everyone cant predict with certainty whether they will have a job in two years.
While the fed took this action, no doubt it had the full support of the obama admin as a last ditch "hail mary" act to get businesses to spend their cash reserves. Obama's admin (and bernacke) know that the obama policies have grossly failed to spur economic recovery.
The real reason, not yet fully understood by most, for our fed deciding to print this money and to flood the economy, is to create inflation. With inflation pending by this fed action businesses will be forced to spend their cash. Businesses know that inflation means that their cash will quickly become devalued the longer they keep it in reserve. So, spend now before those dollars become cheaper down the road.
Unfortunately, this, too, will be a fools errand by the fed. When the fed attempst to micro manage the spending practices of businesses it creates false economies.
Businesses will be "forced" thru pending inflation to spend cash now for things they dont really need rather than make good business decisions on how best to use that cash for future growth.
This fed action will make things far worse with our economy. Not only will the same people be out of work but inflation will make their lives even more difficult.
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