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- Kyora, on 09/10/2008, -12/+139Obama proposed a spending plan increase of $287 billion. McCain, $6.9 billion.
Ron Paul? A decrease of $150 billion. - le0pardess, on 09/09/2008, -4/+101I guess we should take our presidents faces off the dollar bills, and replace them with the skull and bones poison/death sign.
- pintomp3, on 09/10/2008, -6/+97that's ok. i'm sure starting a war with iran will solve all of our problems.
- inactive, on 09/09/2008, -16/+91The stock market is worth about 5 trillion with no more then 100 owners.
The unwise, selfish and greedy baby boomers sold out America in the 80's.
The planned destruction of our Republic, our Sovereignty, is well underway and it seems we can't penetrate evils sanctuary and reverse the process. - grobinson, on 09/10/2008, -2/+69"spending 54% of our tax money on war. Iraq and Afghanistan wars cost about $12 billion a month. " Wow going to war is hurting the US Debt more than the 9/11 attacks did.
- mfc5200, on 09/10/2008, -10/+77McCain and Obama are absolutely full of it. Neither one is willing to approach the fundamental problems facing our country, or at least face them in a substantial way. Both of their policies/opinions also sway with the current tide like coral fans. Neither one is willing to take a tough stand and stick with it.
Obama's solution to EVERY problem is to spend more money. I have never heard him say "cut funding". I hear him saying "I would propose s $10 billion dollar project so solve ...." Wow, you are such a leader Obama, you are going to fix a problem by spending more money. Bravo...A ***** 10 year old could do that. He also says he has great respect for the Constitution, but his actions and policies clearly show he only has respect for certain parts, the parts that he likes. Right to bear arms? Nope. 4th Amendment? Nope.
McCain. This guy talks about "small government", but has yet to back up his words. He wants to cut earmarks? Ok, at most that is $25 billion/year. Where are the real cuts going to come from? Your RNC bash in St. Paul ( which is just a useless stage show (you were effectively nominated before that)) just cost the taxpayers over $15 million, what say you to that? Hypocrite? God knows what he would do to the military budget which is clearly bloated. He hasn't proposed one serious spending cut. On top of that, he supports all of these foreign wars (expensive), could care less about our civil liberties (patriot act), etc. He's just as bad as Obama.
Neither candidate has proposed how to seriously fix the healthcare system. Fix the healthcare problem by getting rid of all the damn corruption in it. Nope, neither candidate will address this
http://www.washingtonpost.com/wp-dyn/content/artic ... (annual cost of Medicare fraud, estimated at $60 billion).
***** them both, vote 3rd party. - bicyclethief, on 09/10/2008, -2/+59“The best way to destroy the capitalist system is to debauch the currency” - Vladimir Lenin
- jasoninoakland, on 09/10/2008, -1/+52The biggest unnecessary cost (on so many levels): UNNECESSARY WARS. We need to stop using Halliburton's fiscal health as a bellwether of the American economy.
- orlyfactor, on 09/10/2008, -6/+54I'm moving to the moon. All the cheese I want and I can hang out with Err and Ignignokt and smoke moonijuana.
- MisteryMeat, on 09/10/2008, -5/+48Bury me! This was supposed to be a reply to a different thread... my browser flipped out.
- AllenAwesome, on 09/10/2008, -3/+42The government should bail ME out. If they do I'll stop questioning them. I promise! :)
- StingingNettle, on 09/09/2008, -0/+35http://en.wikipedia.org/wiki/Exchange-traded_fund
They trade like stocks, search for the ones that perform on the inverse of U.S Treasuries. Over the next decade you will see U.S. treasuries go down in value as their yield goes up. - omegaant, on 09/09/2008, -4/+38Ha! - that "in God we trust" thing has been a lie for a long time.
- orlyfactor, on 09/10/2008, -1/+32Perhaps that was the terrorist's intention all along, kill a few thousand of us to send us into war mode, killing us subtly with debt instead. It doesn't take a genius to predict what would happen after such an attack.
- bjornski, on 09/10/2008, -0/+30And the interest payments on the debt make the Iraq war look like a few dollars spent on playthings.
$400 billion per year, based on approx $9 trillion debt.
Fannie and Freddie will get added to that. Should put us up around $15 trillion.
Doing the math on that, it puts us up around $666 billion per year.
That's without any proposed tax cuts from either candidate. McCain is already pledging around 3 trillion, and Obama was looking at about $1.5 trillion last time I looked.
$1 trillion on a war isn't that much when you consider that we pay that amount to the private banks as interest on the debt every 2 years.
And it only going up. THAT is what is draining our economy dry. The war is bad enough, but the debt on the interest is what's killing us.
And what's the proposed solution? Borrow and spend some more.
*shakes head sadly* - angusm, on 09/09/2008, -1/+30As someone once suggested, maybe the currency should have a "Best before" date on it, like food.
- altgeeky1, on 09/10/2008, -2/+31I think he's saying the baby boomer generation was deliberately irresponsible. In the 1980s the deficit spending ramped up to pay for tax breaks.
Worse, there WAS once a Social Security "surplus" when most Boomers were working. That surplus would have evaporated when the Boomers retired... but instead of leaving it in there Reagan pushed to use that against his general defecit.
ALL empires end in treasury looting, bankruptcy, infighting and unsustainable military adventures. The bigger the empire, the more damage they do to those around them during their decline.
I don't want my country to end this way, but the international lobbyists and energy traders have their hooks so deep in my government that I don't see any way out. - republicker, on 09/10/2008, -0/+28Save your money you might need firewood in the coming years.
- DarkBlueAnt, on 09/10/2008, -5/+32I better move to Canada before the rush. What illegal Mexican immigrants are to us, we will become to Canada.
- le0pardess, on 09/10/2008, -2/+28Right, best before 1913 when the federal reserve took it over and created the national debt.
- tdclark23, on 09/10/2008, -9/+36One of the legacies of Reagan's administration was the change of greed from a vice to a virtue..
- slothlovechunk, on 09/10/2008, -3/+29This author's numbers are pretty, well, wrong.
We never had a 5 trillion dollar surplus in 2000. We had a projected surplus of that amount over the following decade. The likelihood that that ever would have actually happened was always very low.
We were something like 5 trillion in debt then, now we are something like 10 trillion in debt.
After that he kind of loses me. We have a trade deficit because we are deficit spending, you don't really get to count those numbers twice. They go together quite well.
Also, what the hell does oil have to do with debt? Or half of these other things.
Why is he making the problem more complicated than it really is? We are spending more than we are taking in. Enough said. - inactive, on 09/10/2008, -3/+26Isolationism. Please. What good is helping anyone when we can't even help ourselves anymore?
- Rotzooi, on 09/10/2008, -1/+24my Halliburton and BP stock will go through the roof!
- hamobu, on 09/10/2008, -2/+22I dugg you up so that everybody can see your mistake and laugh at you! Bwahahaha!!!!
- Joomal, on 09/10/2008, -1/+20Yeah but you'll get no moongina.
- BotchaMcCoola, on 09/10/2008, -1/+20To be a good American you must always pretend things are great. It is Un-American to focus on any shortcomings. Ask any European that has lived here awhile.
- byronm, on 09/10/2008, -0/+18Why doesn't corporate regulation work? Oddly enough in PA utility rates are shooting up near 20 to 50+ percent in 2010 because of deregulation.
I'd love some proof that you suggest regulation is a bad thing. For several million of us were puckering up for an ass reaming in 1.5 years thanks to PPL's need to realize increased profits for its share holders. - mojoel, on 09/10/2008, -1/+18We better build a wall and start patrolling our southern border. That's the last thing we need is crazy illegal immigrants from down south.
- homercles337, on 09/10/2008, -10/+26Ha ha, thats hilarious! The middle class prospered under the New Deal. The New Deal came under attack under the Reagan Administration and the rich have been getting richer and the working/middle class are stuck under their boot. We had 8 years of brief relief with Clinton, but the attack was renewed with great vengeance and furious anger with Bush II. You really need to read some history books and turn off Faux News and Rush.
- BXRWXR, on 09/10/2008, -1/+17I think I'm going to become a farmer in someplace remote. You're all welcome to move in and help out when the ***** hits the fan.
We'll have a big self-sufficient party commune. - traztx, on 09/10/2008, -2/+18One of the reasons we broke from England was "taxation without representation". We commit the same crime against our progeny. They can't vote against the debt we pile on them.
- seraph582, on 09/10/2008, -3/+18Obamabots, GO!
Seriously guys, get your head examined if you think those are sound fiscal policies. Increasing taxes on the rich increases the offshoring of wealth and does not increase tax revenue. As a matter of fact, the best example of tax revenue gained is through keeping the capital gains tax at a low level. Even Bill Clinton's administration lowered it (via the repubs in house/senate at the time, but w/e) and we saw an increase in tax revenue.
I'm not gonna say McCain's the man, or even mediocre: he sucks. I will say however that Obamas ***** DOES stink (despite what the media tells you) and that it stinks every single bit as bad as the "other" party's *****. Go go bipartisan *****!
Wanna do your country a favor? Vote third party, so we can get another major candidacy next election. All it takes if 5% of the popular vote to bring another party into the same benefits the dems/repubs have! - absurdist, on 09/10/2008, -1/+16EDIT: corporate DEregulation. Not enough coffee, sorry. the line should read this is why Reaganomics and corporate deregulation do not work.
As written, it's self-contradictory and makes no sense. - donte, on 09/10/2008, -0/+15Figurative speech? He's blatantly said that his plan involves cutting funding to the dept of homeland defense, taking us out of Iraq, reducing the size (or abolishing) the federal dept of education, reduce subsidies in just about every facet of government, stop spending money on federal drug law enforcement... should I keep going? Combine that with the fact that he would spend more money on ink for his veto pens than anything based on his voting record since he flat out won't spend money we don't have -- something the 2 mainstream candidates have no problem doing.
As for the spend money to make it idea, money is going to be spent one way or another. Would you rather have government doing the initial spending or the American people doing the initial spending. Money only makes money when it's wisely spent. Government doesn't wisely spend anything which is why they do nothing but build up huge deficits and drag the country into debt. They don't make money despite the fact that they do an incredible amount of spending it. So why the hell would I trust McCain or Obama with the fruit of the people's labor? - Tyrghast, on 09/10/2008, -4/+18A lot of this debt is in imaginary money, money that doesn't exist and never existed save for a few moments on a computer.
- Steinr, on 09/10/2008, -7/+21Repeat after me: "Ron Paul, Ron Paul, Ron Paul, Ron Paul!" he is the only solution the US has.
- StingingNettle, on 09/09/2008, -1/+14Zimbabwe's does.
- inactive, on 09/10/2008, -7/+20This has happened because the gov't has abandoned what made this country great and replaced it with socialistic policies. Disrespect the constitution and this is what you get.
- absurdist, on 09/10/2008, -15/+28And this, ladies and gentlemen, is why Reaganomics and corporate regulation simply do not work. Attempting to return corporate regulations to the levels they were before the Great Depression leads inevitably to another Great Depression. Only in this case, a world war is as likely to annihilate civilization as we know it as it is to provide economic stimulus.
- hamobu, on 09/10/2008, -0/+13It is not true that at the end of 2000 we had a surplus. Only reason that surplus was reported was because accounting rules for the government we changed to not take into account increase in the actuarial liability due to social security.
If a business did not take into account increase in actuarial liability of their pension program in their accounting books, we would promptly throw CEO and CFO into jail. The crap that government gets away with is amazing. - Dumbledorito, on 09/10/2008, -1/+14When was the last time you wrote "dear company I own a fraction of a percent of interest in via a 401k. I disagree with the action you just took. Please reverse it immediately."
And if you can name that event, did they bother to call and laugh at you, or was it the CEO's day off? - amirivija, on 09/10/2008, -1/+13War expenditure was one of the major cause of the debt ..
- inactive, on 09/10/2008, -0/+11The unfunded obligations of Social Security and Medicare combined is actually (gulp!) 75 Trillion!! As I said before the government is spending us into oblivion! But no-one cares....
- odigity, on 09/10/2008, -0/+11I agree, but incidentally, it's called non-interventionism, not isolationism. Communication and trade and travel are all great. Just not state interventionism (war, sanctions, tariffs, subsidies, etc).1
- wissler, on 09/10/2008, -0/+11Inevitable result of fiat money.
- altgeeky1, on 09/10/2008, -0/+10Do you also have a second passport? Because you'll need it.
- Spoomeister, on 09/10/2008, -1/+11[citation needed]
- gmeluski, on 09/10/2008, -1/+11Damn. Imagine that savings.
- swordedge, on 09/10/2008, -4/+14$150 Billion? That all? Getting out of Iraq and closing 700 over sea military bases should be worth at least half a trillion all by itself.
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