Debt deal in action.

[dogman_1234]

http://www.cnn.com/2011/POLITICS/07/31/debt.talks/index.html?hpt=hp_t1

 

[jsc]

 

[dogman_1234]

What?

 

[MU_Engineer]

http://www.cnn.com/2011/POLITICS/07/31/debt.talks/index.html?hpt=hp_t1

Are you surprised at the debt deal? It does little to address the actual problem and is crafted to ensure that no tough decisions that may affect anybody's electability are actually made. Sounds like Congress as usual. And yet, Congress wonders why their approval rating is in the high teens to low 20s.

 

[dogman_1234]

What I am pissed about is there is no bipartisanship nor anything the people actually wanted. Obama should get a twinkie for calling out to the people to tell their congressional leaders to listen to them.

This is typical. Republicans say no, Democrats bend over and take it in the arse. dems then take the issues and then blame Reps on the whole issues, rather than taking the responsible act and doing something.

 

[mrface]

What did the righties say no about? they came up with three plans... The dems have sat on their ass, or are you suggesting that they are not capable of creating a budget on time... [/which is obvious]

 

[dogman_1234]

I/m sorry but 2.1 trillion on cuts won't do it. Now, I cant say the other side had it better, but regardless.

A reduction of 2.1trill without revenue increase is not good, in fact...it is a joke.

 

[mrface]

Oh I agree wholeheartedly. But your stance that the dems "bend over..." has no weight. Just look at the last few years when the budget was due.

In my opinion, total reform is needed. From government spending of military means, "entitlements" (which is a misnomer as none of them are actually "entitled to anyone), taxes, trade, USA production, etc. etc. etc. I could go on and on forever. But that is my opinion and it is slated... which is why I would not make a great politican.

I do however realize that if we stop shipping jobs overseas, we ultimately affect the economy here(as well as drill for our own friggin oil.) And if we tax the rich(see businessmen $250K and up) all we will do is hurt those smaller businesses who might need to pay workers(IE, they can keep jobs) and not pay for healthcare of those who dont work...

 

[MU_Engineer]

I/m sorry but 2.1 trillion on cuts won't do it. Now, I cant say the other side had it better, but regardless.

A reduction of 2.1trill without revenue increase is not good, in fact...it is a joke.

The only thing is that the actual cuts are probably going to be on the order of a couple hundred billion dollars, if that. The plan calls for $900B in cuts over 10 years and then a special panel to be convened to discuss another trillion or so in cuts. Obama had such a panel give recommendations to him (the Debt Commission) and simply ignored everything they'd said. Also, future cuts will very likely be rolled back, just as they were in the late-80s and mid-90s debt deals. So in effect we just raised the debt ceiling by $2.1T, will still run $1T+ deficits annually, and will end up at just a fuzz less than $24T in debt in 10 years instead of just a fuzz over $24T because of this deal. Pardon me if I don't pull out the party favors.