| 1/13/2012 7:48:07 AM |
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jbck
Springdale, AR
62, joined Aug. 2007
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It is important to remember that the government doesn't have an account balance when they spend. They can print how ever much money they like and write whatever checks they care to and nothing bounces. It just adds to the deficit.
When they do that it results in inflation. Inflation devalues earlier investment. The stock market is up roughly 40% since Obama took office, but the deficit has quadrupled. The rie int he market is merely an adjusstment to the inflated value of money so in actuality it is not up, but down significantly.
Unlike the federal government, states cannot print or create money and must live within budgets. They cannot spend money they don't have so if they need more than they have they must borrow. Linking the two reveals why state and local governments are having so much difficulty meeting federal mandates.
The federal government's spending is out of control. The deficit today is over 16 trillion doallars. We are only in January and the federal deficit is already nearly 400 billion with Obama asking for 1.6 trillion more to run the governemnt. He will ask for more after that you can be sure.
Once not expected until 2020, government spending will exceed 100% of GDP (the value of all goods and services created by the economy) in 2012. The last time we were at this point was in 1946 at the end of WWII. Because the war and it's expense ended we were able to recover. Now we can't unless we drastically slash government costs which are the cause of the current deficit.
We don't have an event anything like like WWII going on, so what if we need to do something like that in the future? Short answer is we can't. That is a disaster beause it makes us extremely vulnerable to all kinds of problems.
Any politician that paints a rosy picture about a few small changes here or there to get things back on track is feeding people a bunch of crap. The problem in endemic and only cure is redical reform and trimming of the federal government, it's agencies, employees, policies, and programs will make a difference that matters.
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| 1/13/2012 12:47:25 PM |
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genieus
Carlisle, PA
70, joined Apr. 2007
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AMEN!!!!!!!!!!!!!!
And the average American household should do the same. Turn down your heat and bundle up, consolidate your errands to save on gas, stop buying meaningless junk, learn to converse with your family and friends and entertain at home again, and focus on stablizing your own household. If your favorite form of entertainment is still shopping at the mall but you don't have a retirement account and a healthly savings account, you are part of the problem not part of the solution.
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| 1/13/2012 2:15:32 PM |
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betterwithme
Severy, KS
62, joined Dec. 2009
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AMEN!!!!!!!!!!!!!!
And the average American household should do the same. Turn down your heat and bundle up, consolidate your errands to save on gas, stop buying meaningless junk, learn to converse with your family and friends and entertain at home again, and focus on stablizing your own household. If your favorite form of entertainment is still shopping at the mall but you don't have a retirement account and a healthly savings account, you are part of the problem not part of the solution.
OMG, sounds like Jimmy Carters back. Turn down the heat and wear more sweaters. 
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| 1/13/2012 10:09:34 PM |
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queenofhearts61
Seymour, IN
72, joined Mar. 2007
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Hey guys in case you are unaware of it us poor folks have been turning our heat down for many years. I can't afford to turn mine on till it gets in the 30s.
It is not the people nor the poor who is breaking the country. Try checking a few things out once in a while like Mitt's company going in to hurting companies and borrowing in that companies name and paying themselves big payouts and letting the people they borrowed from take the loss while the government pays for the employees retirement. The government guaranteed the pensions so taxpayers pick up the bill while Bain Capital rakes in the money. In the case of the steel company in Indiana the local taxpayers gave huge tax breaks to the company while Bain invested 13 billion dollars and 5 years later took 115 billion dollars out of the company that is 85 billion dollar profit in 5 years. If this is a capitalist then shit on capitalism.
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| 1/13/2012 10:28:12 PM |
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queenofhearts61
Seymour, IN
72, joined Mar. 2007
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I have seen on TV some talking heads saying this election is gonna be fun and after hearing Newt and Perry telling the truth about Bain Capital and Romney is kind of fun. I am finding myself laughing my a** off. Of course they have been threatened for it because the Republican powers that be insist that all follow the rules that the powers force on them and everyone has to walk in lock step or they will be punished. And never ever let the truth out about their rich or how they get that way and never tell the truth about who is really getting taxpayer dollars.
I got to change my affiliation from republican because they are making me embarrassed to think I ever believed anything they say.
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| 1/14/2012 2:01:50 PM |
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jbck
Springdale, AR
62, joined Aug. 2007
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I would be careful about a savings account. The current deficit spending is going to result in hyper-inlfation and the dollars you sock away today will be worth much less in a few years. The market is up 40% since Obama took office and housing values are down about as much because the real rate of inflation is up that much. And it is going to get worse. It is better to put your assets into something that rises in value with inlfation.
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| 1/14/2012 10:52:58 PM |
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betterwithme
Severy, KS
62, joined Dec. 2009
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I have seen on TV some talking heads saying this election is gonna be fun and after hearing Newt and Perry telling the truth about Bain Capital and Romney is kind of fun. I am finding myself laughing my a** off. Of course they have been threatened for it because the Republican powers that be insist that all follow the rules that the powers force on them and everyone has to walk in lock step or they will be punished. And never ever let the truth out about their rich or how they get that way and never tell the truth about who is really getting taxpayer dollars.
I got to change my affiliation from republican because they are making me embarrassed to think I ever believed anything they say.
I thought you said you were a true independent? And all this time you are putting me down for voting republician? A little truth, I am and have always been a registered demo. Boy, you don't out both sides of your mouth do you?
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| 1/16/2012 9:18:24 PM |
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jbck
Springdale, AR
62, joined Aug. 2007
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Why are you talking to a non-existant fool?
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| 1/17/2012 7:50:45 AM |
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betterwithme
Severy, KS
62, joined Dec. 2009
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In high school I was told I owed black people because I was white. Because I was white, my roots were surely slave owners. Today I am told that I hate poor people because I value self determination. Tomorrow I will be called a racist because I did not vote for ob. Some days its not much fun to being an average middle class white guy. 
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