So, who is going to blink first at the 500 billion ton twin gorillas that are military spending and entitlements?
I guess the only thing that we can be sure of is if the Democrats do anything at all (which is sadly unlikely), the Republicans will attack them for it, no matter what it is.
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Like it or not, up to it or not the responsibility for leading this nation falls solely on the Presidents shoulders. He must lead the charge and do what he believes and knows to be in the best interests of our country. If he is unable to make the hard decisions, then he should step down. Tell congress what they need to do and demand they do it. Projecting a 23 Trillion dollar debt in 10 years and pretending it’s the best we can do is insane. adding 6 trillion to the debt in 4 years is insane. If republican and democrat lawmakers are too immoral or idiotic or afraid to fix this issue then I charge the President with that duty.
Thats why he gets the big bucks, fame and (post presidency) fortune. If you don’t want the responsibility, don’t take the job.
Except, we don’t vote for people who tell us things we don’t want to hear. Carter spoke those hard truths about oil, and he was virtually crucified — and replaced by eternal optimist “Morning in America” Reagan.
Well then thats squarly on the American voters. I personally don’t think it was that oppressive under ronny, nor that his fiscal policies were that terrible. If adjustments needed to be made in the 90’s and 2000’s then neither party or presidents had the courage to do so. Unfortunately all that kicking the can down the road has brought it to Obama’s door. Maybe he’s just the poor unlucky soul who gets to fall on his sword and fix it, but oh well, make your peace and go with God.
If not, you will see massive riots and demonstrations when starting with states then feds, then private business people are told there are no pensions, there will be no social security or medical care, our currency is worthless and we can’t borrow a dime. Then you will need your 2nd amendment rights to protect your life and property.
Sorry, I went a bit over the top. I really think we will fix this problem, it’ll just take alot of effort and yellin at our reps and senators.
Back when the United States was at its economic peak, the top income tax bracket ranged from 70% to 90%. Corporate taxes were also a whole lot higher. The result? Instead of pulling money out and buying useless toys, rich people used to reinvest their profits into their business. In other words, the higher the top bracket taxes, the more job were created.
Hell, if you make more than half your money every year from stocks, that money should be taxed as if it were income and not capital gains. That would certainly help the situation.
Democrats are going to do something? They gotta be in the building to do that. If you thought a fillbuster was bad…take a look at the walk out…
Both parties are spendthrifts, only the target differs. As someone said to me today, “Democrats take your money to give to the poor, and Republicans take your money to give to their friends!”
The bottom line is that we are going to be forced to radically re-engineer the entitlement programs and the military-industrial complex, and the impact is going to be major upheavals and lots of people losing jobs. Our only decision is whether we chose how it happens, or we wait until we have NO choices.
Personally, if my ballon is crashing, I would rather control the descent, aim for the open field, and get rid of extra weight so the maximum number of people survive. I think the majority of citizens (and politicians, for that matter) agree – but until enough of them are willing to take responsbility for the “command decisions” on which things will be counted as “extra weight” (sometimes including themselves) all that will happen is the ground will get closer and closer.
I wonder if it will be friends with me? (read Hitchhiker’s Guide to the Galaxy for the reference)
Hooah, Jason