Obama Talks, Market Tanks

Ricter · Aug 3, 2011

Quote from AAAintheBeltway:

...The only way out of this mess is to cap spending. Reallocate from discretionary, ie government departments, to social security and medicare. Enact meaningful reforms that will apply to young adults when they reach retirement age. Until then, we have no choice but to cut the rest of government to save these programs. Obama, Pelosi et al are in willful denial about what will happen. Maybe they want the entire economy to go bust so they can try to reorg it along socialist lines. [/B]

Umm, reallocating from discretionary programs to our safety net programs IS socialistic. And I might be ok with it, but the devil is in the details. For example, "get rid of the EPA". And then what, more Love Canals?

Free Thinker · Aug 3, 2011

Quote from Ricter:

Umm, reallocating from discretionary programs to our safety net programs IS socialistic. And I might be ok with it, but the devil is in the details. For example, "get rid of the EPA". And then what, more Love Canals?

yea, go to china and look at some of their industrial areas. toxic waste dumps. but hey, no epa problems there.

CaptainObvious · Aug 3, 2011

Obama didn't make the market tank. Would you guys have given him any credit had the market gone up? Nuff said about that aspect of market conditions.
Market has tanked because of a really weak economy and a congress to busy campaigning to do it's job.

jem · Aug 3, 2011

the only way out is to got back to the the original set up of this country.

no income tax
fed lives off revenues from tariffs.
then
means test all federal benefits.
cut all federal outflows by 1 percent a year until there is room in budget.

bugscoe · Aug 3, 2011

Quote from CaptainObvious:

Obama didn't make the market tank. Would you guys have given him any credit had the market gone up? Nuff said about that aspect of market conditions.
Market has tanked because of a really weak economy and a congress to busy campaigning to do it's job.

Which congress are you referring to, the republican one of 6 months or the democratic one of 4 years?

Gabfly1 · Aug 3, 2011

Quote from jem:

the only way out is to got back to the the original set up of this country.

no income tax
fed lives off revenues from tariffs.
then
means test all federal benefits.
cut all federal outflows by 1 percent a year until there is room in budget.

It must be tough steering your car through the rear view mirror.

pspr · Aug 3, 2011

Quote from AAAintheBeltway:

......Make no mistakes. This fight is just beginning. This deal solved nothing.

You're absolutely right. Obama thinks this spending problem is behind him now. I think it will rank right after jobs and the economy in the discussion next summer.

Scataphagos · Aug 3, 2011

Quote from pspr:

You're absolutely right. Obama thinks this spending problem is behind him now.

It sort of is. All Odumbo cares about is "spending now... to buy votes for the next election".

Future cuts? Consequences? BE DAMNED!! Somebody else's problem.

bearice · Aug 3, 2011

Quote from AAAintheBeltway:

It's all the fault of the "rich", they stole your money and job and we have to make them pay.

Obama is worth $5 million only but American super-rich are worth $25 million to $55,000 million or $55 billion.

Why do super-rich people allow a $5 million person to dominate them?

Ricter · Aug 3, 2011

Quote from bearice:

Obama is worth $5 million only but American super-rich are worth $25 million to $55,000 million or $55 billion.

Why do super-rich people allow a $5 million person to dominate them?

Seal Team Six.