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48. Re: Evening Legal Briefs Nov 19, 2012, 17:36 RollinThundr
Beamer wrote on Nov 17, 2012, 19:15:
RollinThundr wrote on Nov 17, 2012, 14:42:
Sepharo wrote on Nov 17, 2012, 14:18:
RollinThundr wrote on Nov 17, 2012, 13:54:
Since you all seem so focused on not cutting any spending aside from military.

Another strawman from you since the president, democrats, and nearly everyone on this board have agreed that cuts need to be made. Unlike the republicans, the democrats haven't signed some absurd pledge which makes compromise impossible from the get-go. Thankfully the amount of signatories to Norquist's infantile "I don't wanna!" pledge dropped some after the election and we'll hopefully finally see some compromise.

As far as what to cut... I'm not qualified to determine what that should be but I would be okay with across the board cuts. I'm not in favor of shuttering budgetarily insignificant stuff like PBS and Planned Parenthood but I'm fine with cutting their budgets proportionally along with everything else.

Honestly neither am I, but the spending is the root of the issue, not taxing the rich to pay more just to spend that too. The quicker you guys realize that, the quicker maybe the two parties can actually seriously start putting it in effect. Entities like PBS would survive off donations.

The class warfare farce is just that a farce, and it's hurting this country more than I think those on the left realize.

Spending is mostly moot. Tell me how spending hurts our economy. You'll probably say something dumb like "China," even though China isn't even our largest foreign debtor.

Bottom line - you seem to not know much about our economy. The enormous gap between the amount of people in our country vs the amount earning money is a larger issue than the amount our country is spending. Not to say our country isn't spending too much, just that it isn't what's been the drain on our economy.

Tell me, in one paragraph, how spending damages our economy. Don't say "duh, it's obvious, BECAUSE!" tell me who you think our debtors are and how having a deficit is truly a drain and slowing things down.

Saying that putting ourselves into massive debt is no big deal is I think just about the stupidest thing I've ever read.

Spending the way we are affects alot, investor and consumer confidence right off the bat ties into the economy.

Why not mention China? As of May 2011 the largest single holder of U.S. government debt was China, with 26 percent of all foreign-held U.S. Treasury securities. The Office of Management and Budget forecasts that, by the end of fiscal year 2012, gross federal debt will total $16.3 trillion. Thus, the projected debt will equal 101% of projected gross domestic product, which represents a milestone in the U.S. economy. Public debt alone, which excludes amounts that the government owes its citizens via various trust funds, will be 67% of GDP by the end of fiscal 2012.

Yeah sorry if that doesn't instill confidence in me to go out and spend money thanks. That's not even mentioning the drain of SS and medicare, the former I'm sure won't be even there by the time I hit retirement age, guess I should just kiss that money goodbye before I even think about it.

Here's a pretty good article talking about our debt and why we're pretty much fucked either way. It's from 2010 but really not much has changed and we're still full speed driving over the cliff with the Obmessiah's foot slamming the pedal to the floor.

This comment was edited on Nov 19, 2012, 17:45.
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