Riots in the streets 2008-2013 style.

[Alabamaboy!]

What do you guys predict with the showdown on the debt ceiling? I think they will raise taxes on the $500K and above folks, close some of the President's pet peeve loopholes (to make it appear to common folk that he is doing something significant) such as the personal jet tax benefits, eliminate cash given to big oil, maybe $2 trillion in cuts....which probably will never happen anyway...but they will raise the debt ceiling.

I think the Republicans are too weak to hold their ground against the President and will just crumble in their resistance. I thought that Boener guy was a pretty straight shooter and could handle his business, but at this time he seems like a pansy who gets star struck when he is behind closed doors with the President.

[fathertime]

What do you guys predict with the showdown on the debt ceiling? I think they will raise taxes on the $500K and above folks, close some of the President's pet peeve loopholes (to make it appear to common folk that he is doing something significant) such as the personal jet tax benefits, eliminate cash given to big oil, maybe $2 trillion in cuts....which probably will never happen anyway...but they will raise the debt ceiling.
 

It is hard to say what will develop with the debt ceiling, it would not surprise me if it does not get resolved by Aug. 2nd though.  Whatever happens, the end result will be more bitterness and anger then ever.  I don’t think the republicans are willing to make the cuts they need to make, and I know the democrats aren’t willing to cut spending.  To be earnest, I would be ok with an across the board tax increase, if there were very large cuts in the spending as well.   I think it is about time the bottom 50% of the tax filers started paying SOMETHING in federal income tax even if it is just a symbolic amount.  The top shouldn’t be forced to support the bottom forever.  If everybody was pitching in taxwise, I think the top would be more willing to buck up and pay more as well. 
All in all, I think the system is hopelessly broken, it would take a miracle of sorts to make things right again.


Fathertime!

[no comment]

The economy now belongs to the president & the Democrat Party.  For two years President Obama blamed Bush for the economy, but now it's his and he needs something to run on.  I think that the Dems feel they have less to lose in a shutdown.  They would blame any suffering on the Republicans, continue the "tax cuts for the rich" mantra and point to the straw man flying in a private jet.

[fathertime]

   I think that the Dems feel they have less to lose in a shutdown.  They would blame any suffering on the Republicans, continue the "tax cuts for the rich" mantra and point to the straw man flying in a private jet.

I think the dems actually have more to lose, because if they can strike a reasonable deal, obozo is going to win...without a deal, obozo will be on shakier ground....the public debate over the ceiling and the creation of strawmen is so intellectually[font='lucida grande', tahoma, verdana, arial, sans-serif] [/font]dishonest it is hard to listen to it....i wonder if behind closed doors they chuckle about what they are saying to 'we the people'


Fathertime!

[Researcher]

The economy now belongs to the president & the Democrat Party.  For two years President Obama blamed Bush for the economy, but now it's his and he needs something to run on.  I think that the Dems feel they have less to lose in a shutdown.  They would blame any suffering on the Republicans, continue the "tax cuts for the rich" mantra and point to the straw man flying in a private jet.

     I wonder about that NC.People actually voted Obozo in without knowing anything about him.The media pretty much is his re-election campaign so it seems he can say anything and people believe his crap.The US economy added only 18,000 jobs lasst month when everyone was expecting 125,000.If that continues maybe people will see that Obama economics isn't working.I hope people see this.That way a Republiican can get elected and we can see that their ideas won't work either.Maybe that will be a start to real ideas and the realization that the world isn't the same as it was 20 years ago.

    Researcher

[no comment]

Candidate Obama ran, for the most part against Bush's failure in '08.  At this point the Republican candidate would be able to run against Democrat failure on the economy and unemployment.  The Dems are behind, and like a football team needing a few scores with the clock running out they are forced to take risks, like a government shutdown. 

[Alabamaboy!]

If only the Republicans could find someone who was not a religious freak, they would probably win in a landslide if the elections were held today. Nobody is buying Obama's BS these days that I know of. I am positive that many key states are going to go Red this time. States like Ohio, PA, FL, etc.

The only way Obama can have a chance is if he bows down. There is no way that the Republicans can [snip] this up, unless of course they get star struck and giddy like a school girl in Obama's presence behind closed doors and just give it away. And this seems to be what happens. All the negotiations occur behind closed doors away from the people. And Obama comes out smelling like a rose when they are done.

Obama has had his chance. Clearly his economic policies have been a complete disaster.

I would say from what I can see that Bush has been the worst president in history by far because most of this mess was started by him with encumbering our country with Iraq when we cannot even pay our way on domestic issues and instead have been borrowing from our sugar daddy China. How could he have been so arrogant and ignorant to not be able to pick up a calculator and see that we could not afford such nonsense?

But Obama is picking up the pace and is at about "1B" as the worst president. He started with  a huge amount of national and international support and "credit" for whatever radical plan he wanted to try. But he took all the cash and instead of doing something logical, he went to the casino and put it all on the roulette wheel for a couple spins and he has been a gigantic loser.

[no comment]

If only the Republicans could find someone who was not a religious freak, they would probably win in a landslide if the elections were held today. Nobody is buying Obama's BS these days that I know of. I am positive that many key states are going to go Red this time. States like Ohio, PA, FL, etc.

The Republican candidate always has to walk a fine line around the abortion issue.  The pro life movement won't compromise on the issue and could go for a third party candidate, handing the election to the Dem.


Speaking of the debt ceiling, the can will probably get kicked for now.  Just wait until interest rates go up and the debt payments go through the roof.

[Researcher]

Candidate Obama ran, for the most part against Bush's failure in '08.  At this point the Republican candidate would be able to run against Democrat failure on the economy and unemployment.  The Dems are behind, and like a football team needing a few scores with the clock running out they are forced to take risks, like a government shutdown.

    I hope you are correct NC.But it seems the Republicans need to get a candidtate out there that can defeat the Obama propaganda machine.I don't see it at this point.


     Researcher

[fathertime]

    I hope you are correct NC.But it seems the Republicans need to get a candidtate out there that can defeat the Obama propaganda machine.I don't see it at this point.


     Researcher

I don't see it either, I think the republicans are playing from behind right now, which is pretty amazing considering how bad the overall economy is.   I still think that obozo wins, with under 50% of the popular vote, as the extreme right-wing runs a 3 candidate that siphons off enough Republican votes to make the difference.   I hope something changes between now and 2012.   This debt ceiling issue is starting to loom larger and larger.


Fathertime!

[Alabamaboy!]

The Republican candidate always has to walk a fine line around the abortion issue.  The pro life movement won't compromise on the issue and could go for a third party candidate, handing the election to the Dem.


Speaking of the debt ceiling, the can will probably get kicked for now.  Just wait until interest rates go up and the debt payments go through the roof.

Yeah, it looks like there is already shadowing of a "punt" coming from both parties. Neither has the balls to do much. So like a big turd our country will just circle the [snip]ter for a few more months or years until it disappears into the sewer.

[Researcher]

     It seems our "leaders" are playing the blame game and not wanting to find any solutions to our problems.I think they will find a way to kick the can on down the road to the next group who won't do anything until it is absolutely necessary.

     Researcher

[fathertime]

     It seems our "leaders" are playing the blame game and not wanting to find any solutions to our problems.I think they will find a way to kick the can on down the road to the next group who won't do anything until it is absolutely necessary.

     Researcher

Both the major parties are not only blaming each other for the nation’s mess, they are also very busy fundraising for reelection.  I think it is about time the governmental system changed in a major way.   


It makes sense to have a balanced budget each year.  How on earth is it that we have been able to overspend for decades is beyond me. 




Fathertime!

[Alabamaboy!]

Another great idea to cut government waste would be to cut the US Postal service. The yearly budget is around $75 billion dollars/year. I don't know if that is just to operate it, or if that includes the benefit packages, retirement packages that we are shelling out as well. I receive nothing but BS and junkmail in my mailbox each day. All important papers I receive come by DHL, FedX, email, etc.

The whole USPS could be sold off and the new, private company could absorb employees, downsize, make whatever changes,  etc. as best they could. Whoever loses their job, it will be a horrible situation, but my company cannot survive without making profit, so I don't know why poorly run "companies" such as USPS and Amtrak are allowed to survive on the taxpayers dime. It does not do much good to just keep throwing money into this pit without results. And burdening our country with more and more debt.

Another idea is we should not be bribing countries like Pakistan 100's of millions of dollars to play nice with us.  They don't deserve that cash. They are not doing [snip] for us. On the contrary, we should be charging them cash for protection money against the likes of India or whoever. We are already the World's police force, so why not get paid for it rather than just doing everything on our dime when we are already bleeding cash in every direction you look.

[Researcher]

 I agree with you AB.The postal service has about outlived its purpose.

   Researcher

[fathertime]

50 Billion dollar trade deficit for May.  The largest since the meltdown in 2008.  Our country is consuming far more than we are creating for others, I don't see how that is a good thing.  We are bleeding cash in practically every way possible.


Fathertime!

[Alabamaboy!]

Just saw that they are raising California State University tuition another 12%. That is crazy after they had just raised tuition a bunch in November. California is bleeding jobs too. Companies are packing up and leaving to AZ, NV, UT, TX faster than ever.  It is rated last for business out of all the states.

[Researcher]

     I hear that student loan debt is also at an all time high also.With wages stagnant I don't see the point of alot of college degrees anymore.Just too expensive.



    Researcher

[Researcher]

   Just saw this article on Yahoo about college degrees and costs:

http://finance.yahoo.com/college-education/article/113010/degree-not-worth-debt-cnnmoney


    Researcher

[fathertime]

   Just saw this article on Yahoo about college degrees and costs:

http://finance.yahoo.com/college-education/article/113010/degree-not-worth-debt-cnnmoney


    Researcher

140K for a degree in Political Science. 
240K for a masters in Social Work.
 
These people are slaves to their student loans. It is likely they will not make a wage to justify such costs. 
I paid 133.00 a month on a paltry sum after college.  It was easy for to find work during college which offset much of the cost.  Times are different now, I think a person needs a specific plan and it needs to be viable, not some photography degree that leaves the student 100K in debt.


Fathertime!

[Alabamaboy!]

   Just saw this article on Yahoo about college degrees and costs:

http://finance.yahoo.com/college-education/article/113010/degree-not-worth-debt-cnnmoney


    Researcher

This article is another big example about how stupid our country is. Where else on planet earth would it be acceptable to let a 17 year old from a non-wealthy family to rack up $140K in student loans for a BS in political science of all things. We almost deserve to go down the tubes doing stupid things like that.

[Alabamaboy!]

The stock market is jumping today. The reason? Pinche Bernake says the Federal Reserve is ready to dish out more stimulus $$ if the economic lull persists. These freaks just don't get it. The "lull" is here because of their bad decisions. The corporations are just going to hoard more money because they know that the stuff these imbeciles are doing is not working and will simply put them in the position to someday soon raise taxes significantly to pay for all this non-sense. So the  money will directly go into the pockets of the fat cats, making them fatter (for now), solidifying their already dominant positions,  thus the stock market going up for today. It is like free money. And Obama knows that he must "bribe" the fat cats in this way, feed them on a regular basis or he is toast. The smoke and mirrors games he is playing with the Fed and the Stock market is the only reason there have not already been "Riots in the Streets".

[fathertime]

The stock market is jumping today. The reason? Pinche Bernake says the Federal Reserve is ready to dish out more stimulus $$ if the economic lull persists. These freaks just don't get it. The "lull" is here because of their bad decisions. The corporations are just going to hoard more money because they know that the stuff these imbeciles are doing is not working and will simply put them in the position to someday soon raise taxes significantly to pay for all this non-sense. So the  money will directly go into the pockets of the fat cats, making them fatter (for now), solidifying their already dominant positions,  thus the stock market going up for today. It is like free money. And Obama knows that he must "bribe" the fat cats in this way, feed them on a regular basis or he is toast. The smoke and mirrors games he is playing with the Fed and the Stock market is the only reason there have not already been "Riots in the Streets".

I agree that all the 'stimulus' (what a stupid word), has prevented the 'riots in the streets'...I realize QE3 is probably coming and leadership knew along that it would.  In our society, with this govt.  they are apt to do practically anything. 

For the record, if McCain were elected we would have probably already have rioted by now!


Fathertime!

[Alabamaboy!]

I don't know about McCain doing any worse. I can hardly imagine anyone messing things up as bad as what Obama has done with this economy. I thought he was a pretty smart guy and at least would have surrounded himself with people who knew what they were doing. But nope. He has been almost as arrogant and reckless as his predecessor. These guys are borderline radicals and are viewed as such by much of the world.

[Researcher]

     All this propping up has made it appear we made a slight recovery from the 2008 meltdown.It seems that 2008 was just the first of many shoes to drop.There is talk of another "recession" next year.We never recovered from the first one.I think we should start calling it what it is: A Depression.

     Researcher