Obama is going to cut his nearly created debt in half by the end of his "first" term. That is cutting his trillion $1,300,000,000,000 (1.3 Trillion - if that is written right) down to $533 billion (2/23, p. 7A - tucked away in USA Today) [Added this the morning after the TV news].
How about this: why not go into this debt?
Whether the numbers are totally correct or not (news just showed them quickly) the reality is that we are in a mess.
How he plans to do this: lessen support of the Iraq War, return to fiscal responsibility and let the Bush tax cuts end for those over $250K per year. Capital gains taxes are going to be increased. In short, we are going to be totally weighted down to support all his pandering buddies and their pork politics.
The very audacity to say he is going to offer a new budget that is reeled in and "responsible." Who really believes this guy?
Mark my words, and I hope I am wrong: in four years, government will be so big and taxes so high that real Americans cannot do anything because they have no money. Further, welfare will be so large, and so many leeches will be addicted to government; that the demise of capitalism, governmental restrain and Constitutional rule of law will be out the window. In 2012, there may not be enough fiscally responsible, intelligent and self-governed individuals to vote Obama and the far-left supporters out.
We survived Roosevelt, Carter and Clinton - but Obama and the money behind him, the people types that support him have an agenda to bring America down. It was also a different time and a world of much less government "entitlements."
In writing this, I hope that common Americans will see what is being taken away in the name of "recession." Take a moment and listen to the other side of the story and research it yourself. Ask yourself "why did Reaganomics work?"
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UPDATE:
Rather than add to the article the USA Today reporter, David Jackson, states that "Obama said the stimulus pacakge will not revive the economy by itself. Instead, he said, new proposals to stem home foreclosures, encourage more lending and better regulate the nation's financial system would provide added benefits."
When you start down the road of bailouts, everyone is gonna want "sum." It is crazy.
Then, two paragraphs later he quotes Obama: "my strategy for investing in what we need, cutting what we don't and restoring fiscal discipline."
But the individuals that are considered "outside experts" are listed as "union members, advocacy groups and members of Congress from both parties."
Can someone say "fishy." Seriously, if you want "experts" you gather financially unrelated and tested individuals who know their stuff. You certainly do not get the Union involved - they screwed everything up.
...but of yeah...look back at my article on Unions - you will understand the real reason behind all this and fiscal responsibility is not one of them.
Reaganomics DID NOT WORK! Trickle Down Economics...are you serious? You obviously do not understand economics at all. I normally don't respond to blogs but your views are so skewed that I hope you will do everyone a favor and just stop throwing out misleading information that doesn't make sense.
When I first read your post I thought it was satire but when I realized you were serious I just shook my head. I beg you to please educate yourselves and realize that your views are factually incorrect and morally incomprehensible.
The beauty of our great nation is that everyone has their right to speak their minds...but you need to understand that your blog should be placed in fiction. I wish you the best and I hope that you can educate yourself and maybe one day contribute something useful to the American dialogue.
Good luck and God Bless.
THANKS FOR READING AND POSTING.
However, there is no meat to your comment - other than to question my assertion regarding Reaganomics.
So, put something out there.
Facts are facts. Reagan did expand the overall income of the US, controlled the printing of money, dropped unemployment from 7% to 5.8%, GDP increased at 1.8% (.8% under Carter), individual top-margin tax income reduced from 70% to 28% (how is that wrong - grief!)... and other notable economic pluses.
I will admit that there were notable issues and Reaganomics is still hotly debated as to its true worth. For instance, while the overall budget was controlled and debt lessened, he super-increased defense spending. (I for one, am glad!) Further, he due to Congress, he could not eliminate any entitlements and actually increased SS taxes. Imports actually experienced higher tariffs due to the conflict of tax/less spending in the Congress and Administration. So, there were problems.
Without Reagan's work, we likely would not have had the 90's that we had. Clinton benefitted from 12 years of these processes. This is not the place for Clinton and his efforts at balancing the budget, but there were sacrifices in other budget areas that helped bring this about.
I daresay that any President has been sucessful at eliminating spending or curtailing defeceits. Bush pandored by increasing the coverage of medicine. Problem is, times of growth and entitlements are most evident under democratic control.
Sadly, Republicans missed a huge opportunity when they were more 'in-control.' They reached across the aisle too much. Now, they are taking on the spending bandwagon. I read this week about 12 Republicans supporting the Obama bailout. Nearly 500million in pork is attributed to these guys (USA Today).
I am not just pointing at Obama. Nor am I lifting Reagan to god-status (leave that to the Obamunists). However, I am trying to create dialogue that makes people question: "what is 'life, liberty and the pursuit of happiness'?
That is it. Nothing more is there. It is not 'life, liberty, the pursuit of happiness by: mortgage bailout, bank props, 2500 sqft home even if I can't afford it, etc.' Get the drift? We shouldn't be paid when we are laid off, terminated or just waiting for a position; we shouldn't be paid extravegantly if our education and experience do not support it (ie. Union benefits).
Go back and research Obama's town home meetings. People seriously expect and ask for him to give them a 'car', or because of longevity in a job, one is entitled to more pay.
This is the "responsibility" that Obama's campaigning has generated. This is what I say needs to end. We should all work. Get out there and do something. Quit expecting the government to do anything. That is what Reagan inspired and the growth of the USA is evident from his leadership - you cannot ignor that; regardless the 'weak parts' of his terms.
It is sad that when this blog is confronted, it is emotionally based and one sided...
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