Comments on: Budget 2011: Why Our Debt Matters

By: MG. from Cincinnati

MG. from Cincinnati — Sun, 26 Sep 2010 02:20:55 +0000

I was stunned by the national debt that Obama has put america into! With the Iraq war costing only $709 billion instead of the $3 trillion price tag that the Democrats lied about, this $2.3 trillion dollar mistake changes the whole outlook of our debt picture. Obama not Bush, will have double our national debt in approx. 2 years. Yes, I have confirmed these figures as reported by the CBO and other government agencies aswell!…unbelievable…

By: Lynn B. DeSpain

Lynn B. DeSpain — Tue, 05 Jan 2010 19:33:48 +0000

You don't need a high I.Q> nor a PHD., to know that if your debt exceeds your income, no one, no business, no nation, will sell, lend, or buy anything connected to you.

Just look at Ford. They've had a great yar! People trust a company that did not take handouts, that stood its own ground and made it on its own. Meanwhile, no one is buying GM or Chrysler products, because they don't know if the companies will be around long enouph to honor their warrenties, also that every time they see an advertisement, its our Tax dollars, and if a Citizen were to buy one its like paying your own money, for your own money!

Credit given to Obama for bailing out the top two or three largest Banks, doesn't mean anything either, even done twice! Check back in our own History and find that J.P. Morgan did the same thing, Twice, to forstall the Great Depression, but said 'No' to the third time, because it was inevitable, the system had to fail to rebuild.

By: Drew Page, IL

Drew Page, IL — Tue, 05 Jan 2010 15:25:56 +0000

Not only must the reckless spending stop, a new Congress must strive to undo much of what has been done by this Congress. Unspent TARP and Stimulus money needs to be used to pay down the national debt. Taxes on businesses and on capital gains must be lowered, not increased, in order to stimulate job growth.

There must be no new social welfare programs established and/or funded until the national debt is brought down to 2007 levels. There needs to be a Constitutional amendment passed limiting government spending to budgeted amounts, except in time of war which is declared by both Houses of Congress. We also need to set term limits for members of Congress; no more than three terms in the House and no more than two terms in the Senate for any individual. A seat in the Senate or the House of Representatives should not be a career position. Salaries and insurance benefits should be provided for these positions, but not pensions. Representatives and Senators should be covered under Social Security and Medicare, just like the rest of us. If they were, I guarantee both systems would be fixed in short order.

By: Ron, ND

Ron, ND — Tue, 05 Jan 2010 14:25:31 +0000

If Obama can suceed in bankrupting America, it would create chaos and anarchy, reason to declare martial law and install a marxist government.

By: Tim Az

Tim Az — Tue, 05 Jan 2010 13:08:41 +0000

I don't think there will be enough wealth in the world to cover the spending of this evil administration if we do not stop it now. The election year has begun it may not be as hard as we think to stop it now. Those up for re-election must make public appearances. All that is needed is a replay of the town hall meetings every time they show themselves in public. You don't have to say a word just hold up signs for them to read.

By: Mike, Wichita Falls

Mike, Wichita Falls — Tue, 05 Jan 2010 12:56:16 +0000

As sad as this picture is to freedom-loving people, it doesn't even address the looming SS, Medicare & Medicaid obligations and debt being imposed on current and future workers. (The proposed health care bill already has a hike in the Medicare tax.) How would this chart look with those programs in the mix?

I believe candidates in the next few election cycles must also address these programs.

I propose a SS opt-out program for workers under 45, or eliminate it entirely, while supplementing the plans of those older than 45 with general revenue, royalties from increased federal oil & gas production, etc.

Slowly increase Medicare-recipient's share of costs until it becomes self-sufficient or until private plans look more attractive.

Slowly transfer Medicaid costs back to the states for their experimentation.

I know…easier said than done, but it must at least be said.

By: Joe, Philadelphia

Joe, Philadelphia — Tue, 05 Jan 2010 12:56:12 +0000

Not sure it's purposeful. The D (and many R's) strategy is to give people "stuff" for their vote. That strategy only contemplates 2 year election cycles. They're caught up in a death spiral now and there's no way out.

By: Tea Party Republican

Tea Party Republican — Tue, 05 Jan 2010 11:20:09 +0000

Dave Ramsey for Secretary of the Treasury!

Clark Howard for Comptroller of the Currency!

By: Richard, Sparta NJ

Richard, Sparta NJ — Mon, 04 Jan 2010 22:14:09 +0000

Paul Rinderle, you hit the nail on the head; it is purposeful. The Cloward-Piven Strategy in action as it has been by the left in the US for decades. This is just the latest version. http://www.americanthinker.com/2008/09/barack_oba...

By: Bobbie Jay

Bobbie Jay — Mon, 04 Jan 2010 20:03:09 +0000

No taxes should be put on the people before government sacrifices! Imagine, without government perks and amenities and a reduction of pay to make more adequate, how more efficient this country would run.

The economy will move forward, when government is removed everywhere it's unconstitutional.