rockon
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Joined: Dec 22, 2010 8:49:55 GMT -5
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Post by rockon on Jul 26, 2011 8:16:09 GMT -5
Obama's speech last night didn't sit that well with me. I don't need a out of touch dysfunctional president telling me how I feel after I get home from a hard days work. If I'm not mistaken the majority of us hard working people told Washington last November that we want our budget balanced. Apparently he still hasn't got the message. At least now that the Whitehouse is out of the negotiations both Boehner and Reid appear to be competing with each other to come up with some type of plan. The bad news is neither plan is likely to go any where close to what will be required to change our trajectory.
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djAdvocate
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only posting when the mood strikes me.
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Post by djAdvocate on Jul 26, 2011 11:24:42 GMT -5
Obama's speech last night didn't sit that well with me. I don't need a out of touch dysfunctional president telling me how I feel after I get home from a hard days work. If I'm not mistaken the majority of us hard working people told Washington last November that we want our budget balanced. Apparently he still hasn't got the message. At least now that the Whitehouse is out of the negotiations both Boehner and Reid appear to be competing with each other to come up with some type of plan. The bad news is neither plan is likely to go any where close to what will be required to change our trajectory. i was with you until the last sentence. ANYTHING will change our trajectory. a cut of $0.28 would change our trajectory. i think you meant "direction", and i would agree. there is no way to change our direction right now. NO WAY. not without taking 10% out of the economy, which would be, i think everyone would agree, a short term DISASTER.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Jul 26, 2011 11:29:38 GMT -5
i disagree that $14.5T is unaffordable. our interest payments are 6% of our budget currently. we could probably afford 20%, but i think 10% would be a good "maximum target". Six percent of our budget, gong primarily overseas for bills past due. correction: owed mostly to domestic bondholdersSix percent of our budget. What could be done with that for the programs underfunded here in this country, or, horror of horrors, even some taxcuts for the middle class. Oh heck. Let's go and make it nine percent of the budget in years down the road..........it is only going to Communists in China anyway. false premise. false conclusion.
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