One great myth is that if the debt deal were not to pass, the United States would automatically default on its debt. If the deal had not passed, Obama would have to decide which bills to pay and which not to pay. It would be HIS decision whether the US would default on its loans or not.
@Muzzy337: Do you mean you think he's democrat? Before the '08 election I knew he was a Fundamentalist Capitalist put in place with the help of Wall St. He's delivering what his bosses want - money redistributed from the working class to the corporate elite. He might not want all the other sociopathic policies republicans want but he's certainly enlarged the gray area between dem & repub. At least now people should be able to see the demipublican plan - use big issues for publicity & do ....
@Muzzy337 ...basically the same thing as each other while we fight over the topic of the month. Every administration since Reagan has more or less followed the Wall St. plan of stripping away rights while putting us further in debt through sneaky financial "products" put out by con men in suits telling us what we desire & convincing us it was our idea. Then, we see we have too much to lose if we smarten up & try to quit the rat race. Remember: in the rat race, only the rats win.
RealNews gets it wrong again. These cuts are illusory and only reductions in BASELINE INCREASES. We will still spend more than last year and the trend will continue. The network news theatrics that you're propagating here are magnificant, though.
Republicans voted the debt ceiling to be raised many times when conservative presidents were in office, and reagan even raised taxes. Why are they so opposed to both ideas now? They claim it´s because they´re sticking to their principles and such, but the truth is they want control of the economy, i.e. getting sarah palin or michelle bachmann elected. Don´t be fooled, they came dangerously close to wrecking the economy a few days ago, and made it seem like Obama´s fault. Don´t fall for it.
Debt deal a republiCON policy. Isn't it the republiCON policies that got us here? Boehner got 98% of what he wanted even though he is leader of a little more than one half of one third of the administration. Why? Hey Boehner! Where are the jobs? Remember this next time you blow off voting, elections have consequences.
what is left to cut?! seriously. our country is hobbling along. these are not entitlement programs, let's stop calling them that. they are income inequality payoffs. we need more of them! tax the rich!!!!!
Sooo..... if you have an A in a class and i have an F... your going to give me your points so we both have C's? If so, why would either of us work any harder?
So, let me get this straight, the world is going bankrupt, whatever the fuck that means, because of this thing called debt, which doesnt even exist in the physicial reality, its only part of a game we've invented, and yet the well being of billions of people is now being compromised, intense layoffs, tense cities, accelerating poverty, schools shutting down, child hunger, all because of this elaborate fiction...what are we fucking stupid?
slashing the defense budget, ending these ridiculous wars, closing unnecessary military bases, eliminating corporate tax loopholes and forcing companies to bring jobs back to america through law would have solved america's financial problems
MORTGAGE-BACKED SECURITIES WHICH HAS ZERO INCOME STREAM IS IN THE BOOKS OF ALL THE BIG BANKS AND FOREIGN INVESTORS WHO GOT SCAMMED BY WALL STREET. SO EVERYTIME THESE SECURITIES MATURE AND HAVE TO BE PAID, MORE BAILOUTS AND QE1 TO INFINITY IS NEEDED - THUS THE NEED FOR SUPER CONGRESS SO NO QUESTIONS ALLOWED FROM THE PEOPLE JUST MORE BAILOUTS AND MORE AUSTERITY MEASURES AND BUDGET CUTS TO KEEP THE BANKRUPT SYSTEM FROM COLLAPSING. WHAT A FRAUD? GLASS STEGALL WILLEND THIS FRAUD. LIVE OR DIE
THE OPPOSITION MUST ALL UNITE NOW BECAUSE THE EMPIRE'S STRATEGY IS TO DIVIDE AND CONQUER THE OPPOSITIONS. GOOD MILITARY LEADERS, GOOD POLICEMEN PROTECT THE GOOD LEADERS OF THE WORLD. GOOD CITIZENS PROTECT THE US CONSTITUTION. DO NOT CONCEDE TO THIS SUPER CONGRESS WHICH IS NOTHING BUT A GROUP OF SUPREME CRONIES BOUGHT AND PAID FOR BY THE EMPIRE TO ENSLAVE THE PEOPLE AND THEIR GENERATIONS FOR LIFE. WAKE UP AND ORGANIZE UNITE UNDER ONE UMBRELLA - GLASS-STEGALL AND THE LAROUCHE PLAN IS THE SOLUTION
LYNDON LAROUCHE, WESLEY TARPLEY, MARCY KAPTUR, JANET TAVAKOLI , JOHN PERKINS ARE ALL SMART AND HONEST LEADERS WHO EXPOSES THE FRAUD THAT THE CORRUPT POLICITIANS IN WASHINGTON AND WALL STREET BANKS AND LONDON BANKS, IMF/WORLD BANKS. THEY ALL CALL FOR REFORMS - GLASS-STEGALL WILL SEPARATE BAD BANKS AND GOOD BANKS. INVESTMENT AND COMMERCIAL BANKS. FRANKLIN D ROOSEVELT, JFK, MARTIN LUTHER KING, GHANDI, ABRAHAM LINCOLN ALL FOUGHT THE SAME MONEY CHANGERS THAT RULE THE WORLD TODAY. ITS TIME TO END THIS
WATCH THE MOVIE AN AMERICAN EXPERIENCE: CIVILIAN CONSERVATION CORP-IT WILL REMIND YOU OF A GREAT MAN - FRANKLIN D ROOSEVELT WHO DROVE AWAY THE MONEY CHANGERS WITH GLASS-STEGALL. JESUS CHRIST ONLY VIOLENT BEHAVIOR WAS WHEN HE DROVE AWAY THE MONEY CHANGERS FROM THE TEMPLE - TODAY THAT IS WHAT WE THE PEOPLE MUST DO. GLASS-STEGALL WILL END THE MONEY CHANGERS - IMF/WORLD BANK/INTER-APLHA GROUP, ETC. GO BACK TO THE FIXED EXCHANGE RATE SYSTEM. TREATY OF WESTPHALIA. SOVEREIGN NATIONS. LAROUCHE PLAN
LIES AND MORE LIES FROM OBAMA -WHAT IS THE ORIGINAL INTENT? GO BACK TO THE US CONSTITUTION AND THE PREAMBLE EMBEDDED UPON IT. THE DEBT CEILING DEBATE IS A TOTAL FRAUD. AND NOW A SUPER CONGRESS? ITS MORE LIKE THE SUPREME CRONIES. OBAMA VETOS GLASS-STEGALL WHICH IS CONSIDERED AN ACT OF WAR BY LONDON & ITS INTERNATIONAL NETWORKS OF BANKS. PEOPLE WILL DIE FROM THIS $2.5 TRILLION AND MORE CUTS BY NOV23RD. DICTATORSHIP IS JUST SHUT UP AND BOW DOWN TO SLAVERY. THIS IS THE END OF USA AND HUMANITY.
@MrAstonfan Nah, you just let companies and people keep more money. There is no incentive to create jobs in cutting taxes. The reality is that jobs are being created in other countries and not in the USA. The Young Turks did a piece on the Bush tax cuts: watch?v=rm7VJ5domZc&feature=channel_video_title
Downsizing companies went out in the 90's now the US is downsizing the country. Unemployed, sick and under-educated will be the the first to go, just let them die in the gutters. The US is going to have beggars living in the streets spreading diseases leading to plagues.
Surprise surprise, the poorest, the old and the sick take the cuts, the fat cats stay fat and the military spendfest goes on. It's too little too late and ridiculous to think that level of debt can be tackled without reversing tax cuts for the rich. It's a deal for rich campaign fund contributors not the people.
I find it disturbing that so many people STILL believe that President Obama is stupid, weak or ineffectual. Since the 2008 campaign, I've known he's working for Wall St. and I'm not that smart. I just pay attention and don't fall for mainstream media tricks. I saw that Robert Rubin (Goldman Sachs) & Larry Summers (World Bank, helped dump Glass-Steagle Act during Clinton) were in his inner circle - among others - and knew he wouldn't be elected unless he was in league with our masters. Wake up!!!
"This man-made crisis was entirely avoidable. The Democrats could have raised the ceiling last December. They chose not to, handing a sword to their adversaries. Senate majority leader Harry Reid wanted to force the incoming Republicans to accept some responsibility for the increase. We’ve seen how that worked out. If Obama genuinely believed that the Republicans would cooperate because it was the right and responsible thing to do, then naïveté was the least of his mistakes." -William Galston
Obama did not tax on rich people of companies under Mr. Bush Tax break. Bail out for bank and companies and wars. Steal Social Security to pay for bail out and wars. STOP steal social Security
California is bankrupt. But, if we stop providing free welfare services and free educations to illegal aliens, budget will not only balance but will have surplus. If we add all the savings from city, county, state, the amount will be astronomical. Who is government serving these days? Asking for sacrifice on citizens but not for illegal aliens don't make sense. And it is insulting when President say in Hispanic TV that illegal aliens have equal right .
I was hoping some social security cuts would be shaved off, it is sad they were not. It is very unfortunate that it is not so much about making a powerful country but fulfilling an eugenicists dream of removing the "stupid" people from the country by exterminating them. Josef Megele highlights the mentality of our leadership when he says "The feeble-minded person ('village idiot') was separated from farmers because of his social status and low income", then he says technology is the enemy.
If you are a truth seeker, search "Truth Contest" in Google and click on the 1st result, then open The Present and read what it says. Everyone needs to see this. The Present will turn this world right-side up if it reaches enough people.
Why are people surprised? The Democrats had historically always been bipartisan in their protection of the rich elites and ensuring that the wealth disparity remains exactly how it is. They are passionate imperialists who have always supported military interventions, and have always supported the tax breaks for the elites.
They are not liberals, they are establishment conservatives. No U.S. politician is a liberal, that is beyond naive to think they could be. They represent the empire.
~Republican$ voted 7 times to raise the DEBT CEILING under Bush JR. & 18 TIMES under REAGAN. BUSH JR. put us in not 1 but 2 MONEY LAUNDERING WARS. Their GOAL is NOT to balance the budget BUT to keep Obama from getting re-elected. What is DISTURBING is the extent they are willing to go. If the USA defaults the economy will essentailly come to a halt. It's predicted that 1/2 MILLION ADDITIONAL JOBS WILL THEN BE LOST..WHAT THE REPUBLICANS ARE DOING IS NOT ONLY CRIMINAL BUT TREASONOUS.
So, I voted for Obama, not because I thought he was the Messiah, but because I liked the things he said he would do, like tax the rich and end the wars. He hasn't done anything, and I'm really not buying this "I don't have any choice" bullshit.
@sonnybrown Ferguson is not a Democrat. That link has about 1/3 of the story right. SS SURPLUS goes back the treasury in exchange for bonds,the surplus goes to fund the rest of the fed gov. Just look up this guys work (Ferguson), or dean bakers. Ferguson worked for the CBO, Annenburg Public Policy didn't.
@hippydog123 I'll take your word on Ferguson. My point wasn't really that he was a "democrat" denying this, but that it's a common statement from people like him. If it doesn't add to the deficit, why did Obama say repeatedly that he could not promise SS checks would go out Aug 2nd if the ceiling wasn't raised? I mean, we have a surplus right? In government Bonds though. Not treasury bonds. Boo.
@sonnybrown@hippydog123 agreed, Definitely boo! Tell me what you think of this short article; "From New Deal To Raw Deal: The Real Economics Of Cutting Social Security" It answers a lot of these questions. Yeah man its cool you take my word. However man if you have free time you can Google that guy too. I think there is even a Wiki regarding Ferg. Good stuff sonny!
@hippydog123 I have major issues with this view. First it names the downturn as "unseeable" by those who claim deficit problems. What was Ron and all Austrian economics screaming about in 07? Economic collapse. Second, they seem to think that everything is A OK because they don't have to deal with the problem with SS now. It's the kids problem, is basically what I'm hearing. That's not a good way to think is it? In my opinion, the baby boomer generation has failed us miserably. Spoiled brats.
@sonnybrown I think you might be assuming somethings about the view. Ferguson didn't think the collapse was unseeble. He saw the budget BS coming in the fall semester last year. He also like dean baker predicted the collapse. (just for different reasons then the austrians Economics) If I am reading the article closely enough it seems they are saying "they don't have to deal with the problem with SS now" they are saying its not a problem. (or a minnow to use the language from the article)
@sonnybrown The baby boomers; It does feel that way. Why or how do you think they failed us? I hesitate to blame them because i think the problems are structural and need structural solutions. (the structural problems to me came about during the baby boomer period, but i don't think the government cares that much about what "the people" or baby boomers say anyway. ) Thanks for responding man.
I know how to lower the debt. How about leaving those countries that no one wants you in? I'm talking about Iraq, Afghanistan, Pakistan, and Libya. Perhaps stop giving money away to Israel?
No one wants to attempt an intelligent resonse to my question? I think its a pretty simple question, although I understand that these things aern't always that simple. but realy what is stopping us from reinacting Clintons debt reduction plan? Why wont it work now as appossed to just 13/14 years ago?
If we could duplicate what Clinton accomplished, we would have a budget surplus whitch would provide enough money to improve our health care. So again I ask, Why cant we just do what Clinton did?
@lastritesread We have different understanding. It must be understood that the govt. doesn't require of itself what it required of public-traded companies in regard to long-term liabilities. If that were changed, we wouldn't have had a balanced budget at any point in many decades.
Also, the Fed under Greenspan had created the dotcom with easy credit/low rates. It created an ephemeral prosperity. The phony credit flowed and everyone felt richer for a while. Tax revenues swelled, then it popped.
@joepeeler34 I will admit that I dont understand all the ins and outs of the deficit or how the Government keeps its books as opposed to how I keep mine. All I do know is that while Clinton was President there was work to be to had, the middle class was growing, and people were happy.
Are you saying that Clinton actualy started what we are experiencing now?
@lastritesread Sure, but were those jobs sustainable or were they the result of a credit bubble of central bank creation. Many of those jobs were dependent on cheap money/artificially low interest rates. A boom can ensue if interest rates are kept low enough long enough. It distorts the economy. Labor and material resources are misallocated.
Interest rates should be driven by the supply of savings and the demand for credit. Bubbles send false signals and the conditions aren't real.
@lastritesread I'm glad you point out that you don't know the ins and outs. Lots of people pretend they do. But, you should take that into account when people like Clinton are given credit for things that really aren't their work. Sure he was in office at the time, but do you remember the tech boom? That wasn't his doing. That was a market bubble. And it gave large revenue to the federal government.
The tonal remodulation that Obama represented, epitomized by the mantra CHANGE WE CAN BELIEVE IN, was in hindsight a TOTAL FRAUD. These people think they can continually deceive the body politic by LOOKING and SOUNDING like one thing and ACTING in diametrically opposed fashion; realities gotten TOO RAW to allow for that game. 9/11 was a staged event perpetrated by THIS GOVERNMENT.
I have a simple question. Why cant we just go back to what Clinton did when he was in office? He not only managed to balance the budget but he took a huge deficit and by the time he was done we were in a surplus, and there were jobs everywhere, so again why cant we just copy what Clinton did?
@spakuloid Nobody "wins" with this except interest factions feeding at the trough for a short while longer.
There are no real cuts. Govt. spending is set to go up by 7% a year under the plan. The make-believe cuts are reductions in the CBO's baseline of projected spending increases. This adds trillions of dollars in debt.
There are only cuts if spending is frozen then spending is reduced from that frozen spending baseline.
This a charade that is insulting to the American people.
@joepeeler34 I agree with you - BUT - this is clearly a win for Repubs because once again they have stifled Obama and proved him publicly incompetent as a leader. So while the policy is horrific for us plebs - and it is fuck all terrible - it is a win for Republicans who give up nothing in this. No new taxes = Republican WIN. There it is. Obama is DONE.
@spakuloid I don't have any use for party tribalism. Besides, deficits are just delayed taxation. This deal adds many trillions in debt--delayed taxes in other words.
The parties are nearly identical. Most of these plans are a joke. They do nothing to cut our empire overseas. It doesn't address corporate welfare or entitlements.
The worst tax of all is the stealth tax of inflation. Govt. has been monetizing its debts for awhile. It will accelerate. Double-digit inflation tax is coming.
The good Ol' USofA is falling apart..It's almost here folks...what are you going to do with your ipod,,jersey shore watching,dumb downed American asses then????
The ‘regulatory /police’ is very dangerous and must be dismantled around the world locally by locals, but locals must first understand how and why they are being ‘corralled’.
'Federal Regulatory', 'Federal Police State' 'Federal IRS' the elite will control your transactions/savings/investments, movements, health/records, property usage, what you drive, who you talk to, what you watch or listen to, eat and drink, even monitoring your trash.
Does it surprise you that there were no increases made in taxes on the wealthy? These politicians are part of that group. Why would they willingly accept a cut to their incomes?
Hand the bankers their money back and print your own american treasury notes!
No need to lend from any banker. Every nation can print it's own. Make it a 2/3 majority legislation. Problem solved. And take the money out of bankers hands.
One thing is for sure if we are poor and living on Social Security. We are in real trouble. And all the Rich want from us is our money! The words that come to mind out Doomed and Abused. We are *ucked thats the word that seems to fit in this note. But I am pure and can not say it.
wanna stimulate the economy..? arrest, try, and hang the treasonous gov't, seize their assets (they've taken in bribes) and divide it up between legal US taxpayers.. globalism is treason and will be our doom if we don't remove these traitors from office.. we need to undo what has been done in the past 40 yrs.. no SS Card, go home..
Americans are the least-taxed nation on Earth. Do they realize this? Did they follow the "made in the USA" campaign in the '80s? Did they care when the last shoe manufacturer closed in the US? Has anyone stayed out of debt enough or saved enough in the US to start a real, useful mfg business? Hey, I had to leave the US to get healthcare years ago, & I warned everyone they'd better get their safety nets & valid passports in order, get another citizenship! I did & am still American.
@slobomotion You've got to be kidding. A lot of the figures that you see for foreign citizens are only at the national level. They aren't including all the state and local taxes in many instances. You also aren't including the hidden tax of inflation. Deficits are just delayed taxation. Have you seen our deficits (delayed taxation) recently?
Even if the rest of the world actually did have higher taxes, what would that prove? All governments overtax.
@joepeeler34 Yup, and the waste and corruption is what irks me. Pork barrel! I do know statistics, they are in my work and educational bg, I am a trained analyst. You are right, it is hard to crunch the numbers and calculate what the actual costs are. Americans have to pay so much for healthcare it totally skews everything! I started saving 20 bucks a week in the USA in '78 and started accumulating gold in '83. I never earned more than 25K a year a few times. People LAUGHED at me!
as much as we need to raise the debt ceiling we def need to raise taxes and most good hardworking americans have no prob paying their fair share well except the rich they say they cant function on the 50mill they would have left over after a tax increasewhere did the dems balls go?
No one, I repeat, no one should be taxed more to cover the spending of an out -of -control government! As always the taxing will start with the rich then spread to everyone.
It was not a show for the people,it was posturing for corperate America.They want us fighting in the streets for scraps,which would put a target on our backs and give them an excuse for ML.
Lets just walk up to Capitol Hill with a couple of million out of Work out in the Streets and what ever comes to mind kind of folks and Start Throwing these bums out of the White House with the exception of the few Like Mr. Sanders and Mr. Kucinich and the good ones left OUT ON THEIR ASSES! Backed up with an Army of a Million or More we would get the job done and it Will Come to This sooner than you think. Thanks Mr. Jay for the Great Reporting with Mr. Ferfuson. Excellent report.
The defense/military/homeland security and prison budgets will not be touched, I can guarantee it. Too much corruption and too much malaise amongst the population.
Fraud.. predatory loans, packaged and securitized into mortgage backed securities and CDO's, most of which robo signed, credit rating agency knowingly gave BS ratings to junk securities, then sold by banks knowing they were junk to hedge funds who trusted the ratings. Banks knowing they were junk took out insurance on same securities understanding imminent implosion. Banks take tax payer money for bailout, fed takes BS balance off banks balance sheet at 100%. Printing=dollar collapse=hidden tax.
@phuketdoidoi Sure, that was part of the problem, but those things only changed the composition of who held the toxic debt when the credit bubble burst. Where did the phony credit come from to blow up the bubble?
The Federal Reserve created the credit bubble with its cheap money/artificially low interest rates. Collectivized risk and Freddie/Fannie and other govt. programs made it even worse.
All market actors are mislead and many behave badly in the middle of a bubble. FED created the bubble.
This confirms what Peter Joseph talks about in the movies Zeitgeist. Politicians are only there to maintain status quo. They can't do shit coz they have no knowledge how to and in this case they were not aloud to do anything. What we need is professional people with certain skills like tech, economy and so on. What we have here is the wolf watching over the henhouse. There will NEVER be any change this way. Wake up ffs!
Darkly coloured rainbows...with a pot of poo at the end. I was a big supporter of Obama, but I'm starting to think that a primary challenge might not be such a bad idea. Can't believe it's come to that. :(
"The only difference between the GOP & DEMs is the velocity with which their knees hit the floor when Corporations, Neocons and AIPAC knock at the door."
@kikila007 The only ways a third party president will be elcted is with instant run off voting in every state and the electoral college points, 10 points or more, divided proptionally according to vote totals.
i don't think any president would of been able to clean up bush's mess don't be mad at obama...not to mention....if he done anything radicle [aka; for the peopel] he would of been shot...people we have no idea
@regularolpoet if that is the case, then the most gallant thing is for him to step down. Is that possible for an american president to step down. Sure he can. And let Joe Biden or Clinton do the job as they are more than half white. How is that for irony and satire?
You guys are idiots. You're 15 trillion down the hole and it is "republican" policy to pay your effin' debts off? Get over yourself and your idiotic democratic wonderland wishes, that ruined and continue to ruin the American nation, hand in hand with the republicans.
Not only were they not committing to any tax raises, but they were reducing certain ethanol subsidies and SAYING that THAT was "revenue raising". NOT SPENDING MONEY IS NOT AN INCREASE IN REVENUE.
@TheSaltyAdmiral Some of the rich ARE uncomfortable with this level of unfairness. Warren Buffet, for example often complains that his secretary pays a far greater proportion of her income in taxes than he does.
Huge mistake. PO has no ideas of his own. He'd rather appear "reasonable" and "appeal" to hostage takers than stand as a man on his principles--which he has none.
We hate to jump to conclusions prior to having all the facts, but judging from how far the White House’s negotiated stance has mysteriously drifted toward the predicted “no revenue” option, a true cynic could surmise the fix was in from the very start.
Face it, Americans got played by the political process and their President
@jjcale1111 You think they will let Ron Paul do what he wants to? They will let him go and wreck welfare and regulations and the EPA and that kind of thing, but when it comes to the military industrial complex, all of a sudden he will not be able to do a thing about it.
@dangerouslytalented I honeslty dont know... but for me it is a better bet to than letter Obama or one of his clones on the Repubican side continue this madness.
That said, I think they would kill Ron Paul rather than let him be president... look at what he wants: End the Fed, the CIA and the Drug War and let the insolvent Wall Street banks fail. If he was for only one of those it would guarantee a "trip to Dallas in an open top motorcade" much less the lot.... and I think he knows this.
@jjcale1111 Thank you for assisting me to let off a little steam before attempting to write a controlled response. Also, thanks to T. Ferguson for expressing genuine anger. If there is actually anything left of the genuine Democratic Party, they should announce open rebellion against this phony liar in the WH. Better even a Romney or Bachman than to pretend Obama is anything other than a criminal. He belongs in Gitmo with his predecessor.
@jjcale1111 As much as I hate to admit it, you have a valid point. However, we've lost faith in the American political process to bother giving more than a $hit anymore.
@lbines Yes, the structure has to change. At this point in the empire, we have devolved into an unlimited democracy where power is centralized in D.C. Everything appears to be up for a vote.
I advocate federalism whereby most laws are made at the federal level. We need a return to constitutional precious metal money and to end the Federal Reserve system by slowly phasing it out by introducing private mintage/competition.
A return to a federated, constitional republic would be nice.
@t666234 It's the American way. I think they are arrogant instead of gullible however. People who are gullible are usually meak, and can be taught. That is not the case today. Seems like those that still vote for the "one party system" are intent on destroying the Country because their egos either cannot accept the truth, or they refuse to accept the truth.
you have no choice. ron paul wishes 911 truth would go away..and if yu think he will cut the FED out of the picture,not. He's part of the illusion..they are all Satanists,period
@hob976 Ron Paul is far, far worse. He has some good policies, and some bad policies. However, the System hates his good policies (getting rid of a massive amount of military waste) and loves his bad policies (tax cuts, getting rid of regulations and welfare and so forth). Result: He will be easily able to make a bunch of bad decisions that benefit only the very rich.And by very rich, I don't mean mere millionaires.
@dangerouslytalented Exactly. I get so sick of hearing about Ron Paul. He named his son Rand Paul after the speed freak psychopath idolizing nut Ayn Rand. Their entire philosophy is apparently best embodied by a psychopath who kidnapped, murdered and mutilated a little girl for shits, giggles and money. Goggle: +"ayn rand" +psychopath
You gotta feel sorry for American voters & the political choices they don't have. The ruling oligopoly owns the political system now to the extent that they hardly even try to hide it any more. Obama's a total sell-out for the average citizen; a slick, media friendly spiel merchant who works for the enemies of democracy.
Ralph Nader put it perfectly when he asked just how bad he (Obama) has to be before the Democrats dump him.
Just a band aid ,buying some time before the inevitable collapse of the U.S. of A. economy. When they down grade the credit rating , interest rates will sky rocket.All bonds will become junk bonds.
@JackofOneTrade567 Give it to 'us'? When did 'us' become fucking millionaires? What this is is Democrats helping Republicans steal from the little guy and there will be hell to pay for both parties. Wondering where the real American left is? You assholes just woke it up.
Uhmu45 There may be a way. I listened to an interview done by Glenn Beck recently with a spokesman for an automatic financial transaction tax system. Its on YouTube. Sounds too good to be true, and undoubtably there would be obstacles, but it does put an incredibly small burden on all transactions and raises huge revenues.
The cost of medicare will skyrocket. The only way of dealing with that is reforming the healthcare system and raising taxes. The fact that US spends already more then other industrial country's and gets less healthcare back should be sign that something is wrong. Add to that that the population is ageing and even social security runs out of cash with the current tax level. There is no way around tax raises if the US wants to have healthcare for the elderly.
Taxes are ridiculously high as it is. Here's an idea: cut spending by getting rid of useless government programs, bring all the troops home and stop empire-building, and stop giving research grants for cow farts. Then as soon as possible, LOWER taxes so people have more money to spend and circulate in the economy. Sales tax should then take care of a lot of national debt. Raising taxes would just cripple the economy and destroy the middle class (which is the workhorse of this country).
One can cut military spending to 0 and you would still run out of money. The cost of healthcare is going up too fast. Medicaid is the problem. US government size is 20% from gdp. Thats one of the lowest in the developed world. Sweden's tax level is over 50% and they have a huge middle class. Lowering taxes is just keynesian stimulus, but the government needs to pay for things in the long run too.
A flat tax to everyone and a sales tax would do good, i agree with you there.
@Uhmu45 Medicaid is the problem? I am sure you can trace the problem to the insurance industry having a tight grip on things... keeping the costs up. Government cannot negotiate drug prices ect.
Sure, I can agree to all of that. Sweden's economic policies are much different from ours, though. I think what's killing us is that we think the government should be protector and provider without wanting to give most of what we make to it. Either we need to pay very, very high taxes or we need to provide for ourselves and only have the government as protector. My vote is for the latter, but that seems to be the minority position when it comes down to it.
To cover basic healthcare to everyone, that does not take very high taxes. The current system is just that flawed and wasteful, that it will drive up the cost exponentially. Tax levels at maximum 25% and a good reform should keep US on a relative low tax level and with basic security for everyone.
I'd like to see something like 10% flat income tax plus sales taxes, and then let me decide my priorities as far as my own life, including insurance. Health insurance isn't a basic human right - insurance moves risk from you onto someone else, and in exchange you pay them a fee. I don't want to pay for everyone else's bad health choices. There are unfortunate circumstances beyond our control, but that's life; everyone has to be responsible for their self and their families.
"Health insurance isn't a basic human right" i agree with that, the reason why i support it because it's good for business. If everyone would be covered by heath insurance we would have a more productive economy because people could work for longer; spreading the cost and risk on everyone will just lower the price.Win-win-win situation. Business gets more productive workers, government more revenue due to higher productivity.Its not a argument for you, i understand that, but still.
That's not necessarily true. I agree with preventative healthcare in that capacity, but healthcare typically means just getting a quick fix (antibiotics, surgery, etc) for a condition that develops, not preventing the condition from developing. While businesses may get healthier workers, their wages will go to paying everyone else's medical bills. That's why I would prefer to take care of myself. And no one is denied emergency medical service, even if they lack insurance.
That would still leave a major cap. There are many things that aren't easy nor cheap to fix or need lifelong treatment and are unpreventable. How big that cap is and how big of a drag that would be down the line i don't know. That would take a major study to find out.
Preventing a condition from developing is what most of healthcare is about, i don't know, i don't understand how you view healthcare.
Unfortunately most healthcare is about drugs and surgery. And it's become so commonplace that everyone goes to the doctor for a cough now. Read joepeeler34's response to me - that's my view on healthcare.
@Kiithknight We have corporate/socialized medicine, not free market, localized medicine. Check out what Ron Paul proposes to get rid of the corporatist system.
One great myth is that if the debt deal were not to pass, the United States would automatically default on its debt. If the deal had not passed, Obama would have to decide which bills to pay and which not to pay. It would be HIS decision whether the US would default on its loans or not.
Thatmakessense356 6 months ago
Obama is a loser. Sorry, but he is NO leader. He is getting run over. What a pussy.
Muzzy337 6 months ago
@Muzzy337: Do you mean you think he's democrat? Before the '08 election I knew he was a Fundamentalist Capitalist put in place with the help of Wall St. He's delivering what his bosses want - money redistributed from the working class to the corporate elite. He might not want all the other sociopathic policies republicans want but he's certainly enlarged the gray area between dem & repub. At least now people should be able to see the demipublican plan - use big issues for publicity & do ....
tripfunkmonster 6 months ago
@Muzzy337 ...basically the same thing as each other while we fight over the topic of the month. Every administration since Reagan has more or less followed the Wall St. plan of stripping away rights while putting us further in debt through sneaky financial "products" put out by con men in suits telling us what we desire & convincing us it was our idea. Then, we see we have too much to lose if we smarten up & try to quit the rat race. Remember: in the rat race, only the rats win.
tripfunkmonster 6 months ago
RealNews gets it wrong again. These cuts are illusory and only reductions in BASELINE INCREASES. We will still spend more than last year and the trend will continue. The network news theatrics that you're propagating here are magnificant, though.
immanent 6 months ago
Republicans voted the debt ceiling to be raised many times when conservative presidents were in office, and reagan even raised taxes. Why are they so opposed to both ideas now? They claim it´s because they´re sticking to their principles and such, but the truth is they want control of the economy, i.e. getting sarah palin or michelle bachmann elected. Don´t be fooled, they came dangerously close to wrecking the economy a few days ago, and made it seem like Obama´s fault. Don´t fall for it.
Exemplariful 6 months ago
Who voted against raising the debt ceiling?
95 Democrats and 66 Republicans exactly - voted against the bill
The US credit rating was downgraded because the bill didn't contain enough cuts.
vechorik 6 months ago
@vechorik Reducing debt Is a hard pill for those who spread tax payers dollars around for a living to swallow.
Pomiferous 5 months ago
Thanks for the double-dip US politicians.
uninterestingentity 6 months ago
Debt deal a republiCON policy. Isn't it the republiCON policies that got us here? Boehner got 98% of what he wanted even though he is leader of a little more than one half of one third of the administration. Why? Hey Boehner! Where are the jobs? Remember this next time you blow off voting, elections have consequences.
PatSinnott 6 months ago
everything will be on the table my ass!
marpoq 6 months ago
what is left to cut?! seriously. our country is hobbling along. these are not entitlement programs, let's stop calling them that. they are income inequality payoffs. we need more of them! tax the rich!!!!!
shanestar 6 months ago
@shanestar
Sooo..... if you have an A in a class and i have an F... your going to give me your points so we both have C's? If so, why would either of us work any harder?
podman27 6 months ago
So, let me get this straight, the world is going bankrupt, whatever the fuck that means, because of this thing called debt, which doesnt even exist in the physicial reality, its only part of a game we've invented, and yet the well being of billions of people is now being compromised, intense layoffs, tense cities, accelerating poverty, schools shutting down, child hunger, all because of this elaborate fiction...what are we fucking stupid?
Laverty318 6 months ago
slashing the defense budget, ending these ridiculous wars, closing unnecessary military bases, eliminating corporate tax loopholes and forcing companies to bring jobs back to america through law would have solved america's financial problems
DickOPlenty 6 months ago 2
MORTGAGE-BACKED SECURITIES WHICH HAS ZERO INCOME STREAM IS IN THE BOOKS OF ALL THE BIG BANKS AND FOREIGN INVESTORS WHO GOT SCAMMED BY WALL STREET. SO EVERYTIME THESE SECURITIES MATURE AND HAVE TO BE PAID, MORE BAILOUTS AND QE1 TO INFINITY IS NEEDED - THUS THE NEED FOR SUPER CONGRESS SO NO QUESTIONS ALLOWED FROM THE PEOPLE JUST MORE BAILOUTS AND MORE AUSTERITY MEASURES AND BUDGET CUTS TO KEEP THE BANKRUPT SYSTEM FROM COLLAPSING. WHAT A FRAUD? GLASS STEGALL WILLEND THIS FRAUD. LIVE OR DIE
rvrola 7 months ago
THE OPPOSITION MUST ALL UNITE NOW BECAUSE THE EMPIRE'S STRATEGY IS TO DIVIDE AND CONQUER THE OPPOSITIONS. GOOD MILITARY LEADERS, GOOD POLICEMEN PROTECT THE GOOD LEADERS OF THE WORLD. GOOD CITIZENS PROTECT THE US CONSTITUTION. DO NOT CONCEDE TO THIS SUPER CONGRESS WHICH IS NOTHING BUT A GROUP OF SUPREME CRONIES BOUGHT AND PAID FOR BY THE EMPIRE TO ENSLAVE THE PEOPLE AND THEIR GENERATIONS FOR LIFE. WAKE UP AND ORGANIZE UNITE UNDER ONE UMBRELLA - GLASS-STEGALL AND THE LAROUCHE PLAN IS THE SOLUTION
rvrola 7 months ago
LYNDON LAROUCHE, WESLEY TARPLEY, MARCY KAPTUR, JANET TAVAKOLI , JOHN PERKINS ARE ALL SMART AND HONEST LEADERS WHO EXPOSES THE FRAUD THAT THE CORRUPT POLICITIANS IN WASHINGTON AND WALL STREET BANKS AND LONDON BANKS, IMF/WORLD BANKS. THEY ALL CALL FOR REFORMS - GLASS-STEGALL WILL SEPARATE BAD BANKS AND GOOD BANKS. INVESTMENT AND COMMERCIAL BANKS. FRANKLIN D ROOSEVELT, JFK, MARTIN LUTHER KING, GHANDI, ABRAHAM LINCOLN ALL FOUGHT THE SAME MONEY CHANGERS THAT RULE THE WORLD TODAY. ITS TIME TO END THIS
rvrola 7 months ago
WATCH THE MOVIE AN AMERICAN EXPERIENCE: CIVILIAN CONSERVATION CORP-IT WILL REMIND YOU OF A GREAT MAN - FRANKLIN D ROOSEVELT WHO DROVE AWAY THE MONEY CHANGERS WITH GLASS-STEGALL. JESUS CHRIST ONLY VIOLENT BEHAVIOR WAS WHEN HE DROVE AWAY THE MONEY CHANGERS FROM THE TEMPLE - TODAY THAT IS WHAT WE THE PEOPLE MUST DO. GLASS-STEGALL WILL END THE MONEY CHANGERS - IMF/WORLD BANK/INTER-APLHA GROUP, ETC. GO BACK TO THE FIXED EXCHANGE RATE SYSTEM. TREATY OF WESTPHALIA. SOVEREIGN NATIONS. LAROUCHE PLAN
rvrola 7 months ago
LIES AND MORE LIES FROM OBAMA -WHAT IS THE ORIGINAL INTENT? GO BACK TO THE US CONSTITUTION AND THE PREAMBLE EMBEDDED UPON IT. THE DEBT CEILING DEBATE IS A TOTAL FRAUD. AND NOW A SUPER CONGRESS? ITS MORE LIKE THE SUPREME CRONIES. OBAMA VETOS GLASS-STEGALL WHICH IS CONSIDERED AN ACT OF WAR BY LONDON & ITS INTERNATIONAL NETWORKS OF BANKS. PEOPLE WILL DIE FROM THIS $2.5 TRILLION AND MORE CUTS BY NOV23RD. DICTATORSHIP IS JUST SHUT UP AND BOW DOWN TO SLAVERY. THIS IS THE END OF USA AND HUMANITY.
rvrola 7 months ago
you dont create jobs by spending, you create jobs by cutting taxes
MrAstonfan 7 months ago
@MrAstonfan Nah, you just let companies and people keep more money. There is no incentive to create jobs in cutting taxes. The reality is that jobs are being created in other countries and not in the USA. The Young Turks did a piece on the Bush tax cuts: watch?v=rm7VJ5domZc&feature=channel_video_title
PuntedKitten 6 months ago
everything is getting worse. somebody give america some good news, quick! this is all doom and gloom and scary as hell lol
DickOPlenty 7 months ago
Downsizing companies went out in the 90's now the US is downsizing the country. Unemployed, sick and under-educated will be the the first to go, just let them die in the gutters. The US is going to have beggars living in the streets spreading diseases leading to plagues.
Have another cup of tea.
ozweblogs 7 months ago
Surprise surprise, the poorest, the old and the sick take the cuts, the fat cats stay fat and the military spendfest goes on. It's too little too late and ridiculous to think that level of debt can be tackled without reversing tax cuts for the rich. It's a deal for rich campaign fund contributors not the people.
2001perseus 7 months ago
I find it disturbing that so many people STILL believe that President Obama is stupid, weak or ineffectual. Since the 2008 campaign, I've known he's working for Wall St. and I'm not that smart. I just pay attention and don't fall for mainstream media tricks. I saw that Robert Rubin (Goldman Sachs) & Larry Summers (World Bank, helped dump Glass-Steagle Act during Clinton) were in his inner circle - among others - and knew he wouldn't be elected unless he was in league with our masters. Wake up!!!
tripfunkmonster 7 months ago 2
"This man-made crisis was entirely avoidable. The Democrats could have raised the ceiling last December. They chose not to, handing a sword to their adversaries. Senate majority leader Harry Reid wanted to force the incoming Republicans to accept some responsibility for the increase. We’ve seen how that worked out. If Obama genuinely believed that the Republicans would cooperate because it was the right and responsible thing to do, then naïveté was the least of his mistakes." -William Galston
hookalakah 7 months ago
Obama did not tax on rich people of companies under Mr. Bush Tax break. Bail out for bank and companies and wars. Steal Social Security to pay for bail out and wars. STOP steal social Security
ASLforever100 7 months ago
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He lied because he did not bring troops home .
ASLforever100 7 months ago
if its fuck me then its fuck you.
imBrian1980 7 months ago
stop the war and u save alot of money, so the deal is to borrow more yeah thats a Good deal, i see a water fall up ahead.
skoaile 7 months ago
stupid libtards
shotsky94 7 months ago
California is bankrupt. But, if we stop providing free welfare services and free educations to illegal aliens, budget will not only balance but will have surplus. If we add all the savings from city, county, state, the amount will be astronomical. Who is government serving these days? Asking for sacrifice on citizens but not for illegal aliens don't make sense. And it is insulting when President say in Hispanic TV that illegal aliens have equal right .
xoxak888 7 months ago
Ferguson is affiliated with Soros and writes for the Huffington Post. His reputation is nil.
chapaev36 7 months ago
what if general motors needs more money?.
chadberry75 7 months ago
I was hoping some social security cuts would be shaved off, it is sad they were not. It is very unfortunate that it is not so much about making a powerful country but fulfilling an eugenicists dream of removing the "stupid" people from the country by exterminating them. Josef Megele highlights the mentality of our leadership when he says "The feeble-minded person ('village idiot') was separated from farmers because of his social status and low income", then he says technology is the enemy.
choobie12 7 months ago
When the dollar collapses, just look for cars with Obama stickers parked in front of affluent homes!
These people will most likely be unarmed & willing to give their shit up if you tell them it's for the greater good!
Ron Paul 2012!
joe035 7 months ago
This has been flagged as spam show
If you are a truth seeker, search "Truth Contest" in Google and click on the 1st result, then open The Present and read what it says. Everyone needs to see this. The Present will turn this world right-side up if it reaches enough people.
DemianHermann 7 months ago
The Rich and the Corporations have two parties. We, the people, have none.
saadasim 7 months ago
Why are people surprised? The Democrats had historically always been bipartisan in their protection of the rich elites and ensuring that the wealth disparity remains exactly how it is. They are passionate imperialists who have always supported military interventions, and have always supported the tax breaks for the elites.
They are not liberals, they are establishment conservatives. No U.S. politician is a liberal, that is beyond naive to think they could be. They represent the empire.
youngbuck189 7 months ago 2
~Republican$ voted 7 times to raise the DEBT CEILING under Bush JR. & 18 TIMES under REAGAN. BUSH JR. put us in not 1 but 2 MONEY LAUNDERING WARS. Their GOAL is NOT to balance the budget BUT to keep Obama from getting re-elected. What is DISTURBING is the extent they are willing to go. If the USA defaults the economy will essentailly come to a halt. It's predicted that 1/2 MILLION ADDITIONAL JOBS WILL THEN BE LOST..WHAT THE REPUBLICANS ARE DOING IS NOT ONLY CRIMINAL BUT TREASONOUS.
poindexterwitkowsky 7 months ago 11
he dose seem like its all about CUTS i think Obama was a fake democrat now.
CazyDayz 7 months ago
Having been born of one tax revolt , the U$ seems to be dying of another. There is an exquisite irony in this.
lectocom 7 months ago
someone has to stand up to obhama in the next election......
chi8cago 7 months ago
So, I voted for Obama, not because I thought he was the Messiah, but because I liked the things he said he would do, like tax the rich and end the wars. He hasn't done anything, and I'm really not buying this "I don't have any choice" bullshit.
NASTEfilms 7 months ago
Obama's just doing exactly what he set out to do...
None of this is serendipitous.
DackIsBack 7 months ago
"Social Security does not add to the deficit." Someone fire this guy, please.
factcheck. org/2011/02/democrats-deny-social-securitys-red-ink/
sonnybrown 7 months ago
@sonnybrown Ferguson is not a Democrat. That link has about 1/3 of the story right. SS SURPLUS goes back the treasury in exchange for bonds,the surplus goes to fund the rest of the fed gov. Just look up this guys work (Ferguson), or dean bakers. Ferguson worked for the CBO, Annenburg Public Policy didn't.
hippydog123 7 months ago
@hippydog123 I'll take your word on Ferguson. My point wasn't really that he was a "democrat" denying this, but that it's a common statement from people like him. If it doesn't add to the deficit, why did Obama say repeatedly that he could not promise SS checks would go out Aug 2nd if the ceiling wasn't raised? I mean, we have a surplus right? In government Bonds though. Not treasury bonds. Boo.
sonnybrown 7 months ago
@sonnybrown @hippydog123 agreed, Definitely boo! Tell me what you think of this short article; "From New Deal To Raw Deal: The Real Economics Of Cutting Social Security" It answers a lot of these questions. Yeah man its cool you take my word. However man if you have free time you can Google that guy too. I think there is even a Wiki regarding Ferg. Good stuff sonny!
hippydog123 6 months ago
@hippydog123 I have major issues with this view. First it names the downturn as "unseeable" by those who claim deficit problems. What was Ron and all Austrian economics screaming about in 07? Economic collapse. Second, they seem to think that everything is A OK because they don't have to deal with the problem with SS now. It's the kids problem, is basically what I'm hearing. That's not a good way to think is it? In my opinion, the baby boomer generation has failed us miserably. Spoiled brats.
sonnybrown 6 months ago
@sonnybrown I think you might be assuming somethings about the view. Ferguson didn't think the collapse was unseeble. He saw the budget BS coming in the fall semester last year. He also like dean baker predicted the collapse. (just for different reasons then the austrians Economics) If I am reading the article closely enough it seems they are saying "they don't have to deal with the problem with SS now" they are saying its not a problem. (or a minnow to use the language from the article)
hippydog123 6 months ago
@sonnybrown The baby boomers; It does feel that way. Why or how do you think they failed us? I hesitate to blame them because i think the problems are structural and need structural solutions. (the structural problems to me came about during the baby boomer period, but i don't think the government cares that much about what "the people" or baby boomers say anyway. ) Thanks for responding man.
hippydog123 6 months ago
Obama should join the GOP.
He is useless for the American people.
cmfluteguy 7 months ago
I know how to lower the debt. How about leaving those countries that no one wants you in? I'm talking about Iraq, Afghanistan, Pakistan, and Libya. Perhaps stop giving money away to Israel?
Idtelos 7 months ago
“This is a guy who has just not delivered on anything he promised the people who elected him.” Tom Ferguson
patrickcorliss 7 months ago 19
@patrickcorliss
Correct.
Obama is a lying cheater. He should join the LIE PIG li CON party!
cmfluteguy 7 months ago
@patrickcorliss Obama doesnt have the power to overrule 500 polititians and business men of power.
CescoPisicoli 7 months ago
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@patrickcorliss Search "John Stossel Obama Promises" in youtube. Click on the video by HTX900s. It's very good.
Thatmakessense356 6 months ago
No one wants to attempt an intelligent resonse to my question? I think its a pretty simple question, although I understand that these things aern't always that simple. but realy what is stopping us from reinacting Clintons debt reduction plan? Why wont it work now as appossed to just 13/14 years ago?
lastritesread 7 months ago
If we could duplicate what Clinton accomplished, we would have a budget surplus whitch would provide enough money to improve our health care. So again I ask, Why cant we just do what Clinton did?
lastritesread 7 months ago
@lastritesread We have different understanding. It must be understood that the govt. doesn't require of itself what it required of public-traded companies in regard to long-term liabilities. If that were changed, we wouldn't have had a balanced budget at any point in many decades.
Also, the Fed under Greenspan had created the dotcom with easy credit/low rates. It created an ephemeral prosperity. The phony credit flowed and everyone felt richer for a while. Tax revenues swelled, then it popped.
joepeeler34 7 months ago
@joepeeler34 I will admit that I dont understand all the ins and outs of the deficit or how the Government keeps its books as opposed to how I keep mine. All I do know is that while Clinton was President there was work to be to had, the middle class was growing, and people were happy.
Are you saying that Clinton actualy started what we are experiencing now?
lastritesread 7 months ago
@lastritesread Sure, but were those jobs sustainable or were they the result of a credit bubble of central bank creation. Many of those jobs were dependent on cheap money/artificially low interest rates. A boom can ensue if interest rates are kept low enough long enough. It distorts the economy. Labor and material resources are misallocated.
Interest rates should be driven by the supply of savings and the demand for credit. Bubbles send false signals and the conditions aren't real.
joepeeler34 7 months ago
@joepeeler34 Excellent post
mikeoli 7 months ago
@lastritesread I'm glad you point out that you don't know the ins and outs. Lots of people pretend they do. But, you should take that into account when people like Clinton are given credit for things that really aren't their work. Sure he was in office at the time, but do you remember the tech boom? That wasn't his doing. That was a market bubble. And it gave large revenue to the federal government.
sonnybrown 7 months ago
The tonal remodulation that Obama represented, epitomized by the mantra CHANGE WE CAN BELIEVE IN, was in hindsight a TOTAL FRAUD. These people think they can continually deceive the body politic by LOOKING and SOUNDING like one thing and ACTING in diametrically opposed fashion; realities gotten TOO RAW to allow for that game. 9/11 was a staged event perpetrated by THIS GOVERNMENT.
wisdomtrek 7 months ago
I have a simple question. Why cant we just go back to what Clinton did when he was in office? He not only managed to balance the budget but he took a huge deficit and by the time he was done we were in a surplus, and there were jobs everywhere, so again why cant we just copy what Clinton did?
lastritesread 7 months ago
Republican WIN - Obama FAIL
spakuloid 7 months ago
@spakuloid Nobody "wins" with this except interest factions feeding at the trough for a short while longer.
There are no real cuts. Govt. spending is set to go up by 7% a year under the plan. The make-believe cuts are reductions in the CBO's baseline of projected spending increases. This adds trillions of dollars in debt.
There are only cuts if spending is frozen then spending is reduced from that frozen spending baseline.
This a charade that is insulting to the American people.
joepeeler34 7 months ago
@joepeeler34 I agree with you - BUT - this is clearly a win for Repubs because once again they have stifled Obama and proved him publicly incompetent as a leader. So while the policy is horrific for us plebs - and it is fuck all terrible - it is a win for Republicans who give up nothing in this. No new taxes = Republican WIN. There it is. Obama is DONE.
spakuloid 7 months ago
@spakuloid I don't have any use for party tribalism. Besides, deficits are just delayed taxation. This deal adds many trillions in debt--delayed taxes in other words.
The parties are nearly identical. Most of these plans are a joke. They do nothing to cut our empire overseas. It doesn't address corporate welfare or entitlements.
The worst tax of all is the stealth tax of inflation. Govt. has been monetizing its debts for awhile. It will accelerate. Double-digit inflation tax is coming.
joepeeler34 7 months ago
@spakuloid Yes, Obama is done. Unfortunately so is our nation.
Tribefull 7 months ago
The good Ol' USofA is falling apart..It's almost here folks...what are you going to do with your ipod,,jersey shore watching,dumb downed American asses then????
alecboi84 7 months ago
Dis-manteling 'regulatory' will fix the budget.
The ‘regulatory /police’ is very dangerous and must be dismantled around the world locally by locals, but locals must first understand how and why they are being ‘corralled’.
'Federal Regulatory', 'Federal Police State' 'Federal IRS' the elite will control your transactions/savings/investments, movements, health/records, property usage, what you drive, who you talk to, what you watch or listen to, eat and drink, even monitoring your trash.
MrGAB4444 7 months ago
Does it surprise you that there were no increases made in taxes on the wealthy? These politicians are part of that group. Why would they willingly accept a cut to their incomes?
JaxonFilmFest 7 months ago
you lost my vote obama.
DNRvideos 7 months ago
Amarica on the way to selfdestruction. Nice.
Obama is obviously incompetent or a tool of the bankerster elite.
Maybe he really gets his commands from the people at the Bilderberg conference?
Becomes more and more a possibility. But more likely they all are moronic underachievers who live on a very different planet.
pcuimac 7 months ago
Hand the bankers their money back and print your own american treasury notes!
No need to lend from any banker. Every nation can print it's own. Make it a 2/3 majority legislation. Problem solved. And take the money out of bankers hands.
pcuimac 7 months ago
One thing is for sure if we are poor and living on Social Security. We are in real trouble. And all the Rich want from us is our money! The words that come to mind out Doomed and Abused. We are *ucked thats the word that seems to fit in this note. But I am pure and can not say it.
k6tpl 7 months ago
wanna stimulate the economy..? arrest, try, and hang the treasonous gov't, seize their assets (they've taken in bribes) and divide it up between legal US taxpayers.. globalism is treason and will be our doom if we don't remove these traitors from office.. we need to undo what has been done in the past 40 yrs.. no SS Card, go home..
Dewdaahman 7 months ago
Americans are the least-taxed nation on Earth. Do they realize this? Did they follow the "made in the USA" campaign in the '80s? Did they care when the last shoe manufacturer closed in the US? Has anyone stayed out of debt enough or saved enough in the US to start a real, useful mfg business? Hey, I had to leave the US to get healthcare years ago, & I warned everyone they'd better get their safety nets & valid passports in order, get another citizenship! I did & am still American.
slobomotion 7 months ago
@slobomotion You've got to be kidding. A lot of the figures that you see for foreign citizens are only at the national level. They aren't including all the state and local taxes in many instances. You also aren't including the hidden tax of inflation. Deficits are just delayed taxation. Have you seen our deficits (delayed taxation) recently?
Even if the rest of the world actually did have higher taxes, what would that prove? All governments overtax.
joepeeler34 7 months ago
@joepeeler34 Yup, and the waste and corruption is what irks me. Pork barrel! I do know statistics, they are in my work and educational bg, I am a trained analyst. You are right, it is hard to crunch the numbers and calculate what the actual costs are. Americans have to pay so much for healthcare it totally skews everything! I started saving 20 bucks a week in the USA in '78 and started accumulating gold in '83. I never earned more than 25K a year a few times. People LAUGHED at me!
slobomotion 7 months ago
check out Economy In Crisis (dot) org for more about this preposterous debt deal
Craigipedia 7 months ago
as much as we need to raise the debt ceiling we def need to raise taxes and most good hardworking americans have no prob paying their fair share well except the rich they say they cant function on the 50mill they would have left over after a tax increasewhere did the dems balls go?
asus3571 7 months ago
No one, I repeat, no one should be taxed more to cover the spending of an out -of -control government! As always the taxing will start with the rich then spread to everyone.
rctube1958 7 months ago
@rctube1958 Well alot of tax spending is taxbreaks for corporations and wealthy...so you kind of have to remove those!
daveruda 7 months ago
What deal???
Raising the debt ceiling is not a fucking democrat issue... it's a fucking American issue for both sides.
Fucking hell
He's not giving his side shit!!
Primary! and get his weak ass out of office for fuck sake.
This president has been the most Disappointing Dem president.
He's not a progressive, he fucking admitted it when he referred to Progressives as "you progressives".
He's a fucking shill
He's a failure
and I never want a republican.. but damn it, he fucking sucks!
mrx0066600 7 months ago
It was not a show for the people,it was posturing for corperate America.They want us fighting in the streets for scraps,which would put a target on our backs and give them an excuse for ML.
SKYBRITE 7 months ago
Lets just walk up to Capitol Hill with a couple of million out of Work out in the Streets and what ever comes to mind kind of folks and Start Throwing these bums out of the White House with the exception of the few Like Mr. Sanders and Mr. Kucinich and the good ones left OUT ON THEIR ASSES! Backed up with an Army of a Million or More we would get the job done and it Will Come to This sooner than you think. Thanks Mr. Jay for the Great Reporting with Mr. Ferfuson. Excellent report.
BabylonsKing 7 months ago
The defense/military/homeland security and prison budgets will not be touched, I can guarantee it. Too much corruption and too much malaise amongst the population.
TheSkinzilla 7 months ago
Obama is a joke.
1XMarksSpot 7 months ago
Fraud.. predatory loans, packaged and securitized into mortgage backed securities and CDO's, most of which robo signed, credit rating agency knowingly gave BS ratings to junk securities, then sold by banks knowing they were junk to hedge funds who trusted the ratings. Banks knowing they were junk took out insurance on same securities understanding imminent implosion. Banks take tax payer money for bailout, fed takes BS balance off banks balance sheet at 100%. Printing=dollar collapse=hidden tax.
phuketdoidoi 7 months ago
@phuketdoidoi Sure, that was part of the problem, but those things only changed the composition of who held the toxic debt when the credit bubble burst. Where did the phony credit come from to blow up the bubble?
The Federal Reserve created the credit bubble with its cheap money/artificially low interest rates. Collectivized risk and Freddie/Fannie and other govt. programs made it even worse.
All market actors are mislead and many behave badly in the middle of a bubble. FED created the bubble.
joepeeler34 7 months ago
Great interview! So if Obama is challenged in a primary, who would it be? Dennis the menace?
Joeybagadounuts08 7 months ago
Obama's the best Republican president in my lifetime. Primary him to force him to the left.
CentristRevolution 7 months ago
This confirms what Peter Joseph talks about in the movies Zeitgeist. Politicians are only there to maintain status quo. They can't do shit coz they have no knowledge how to and in this case they were not aloud to do anything. What we need is professional people with certain skills like tech, economy and so on. What we have here is the wolf watching over the henhouse. There will NEVER be any change this way. Wake up ffs!
kaxitaksi 7 months ago
im an ordinary citizen, and im not suffering one bit from this. if i am suffering, it's because i foolishly relied on the govt.
JackofOneTrade567 7 months ago
Darkly coloured rainbows...with a pot of poo at the end. I was a big supporter of Obama, but I'm starting to think that a primary challenge might not be such a bad idea. Can't believe it's come to that. :(
wasdom01 7 months ago
Your political ass is grass Obama, let's get these traitor dems!
NoCommentChick 7 months ago
"The only difference between the GOP & DEMs is the velocity with which their knees hit the floor when Corporations, Neocons and AIPAC knock at the door."
- Ralph Nader
kikila007 7 months ago 36
@kikila007 The only ways a third party president will be elcted is with instant run off voting in every state and the electoral college points, 10 points or more, divided proptionally according to vote totals.
captcrais101 7 months ago
i don't think any president would of been able to clean up bush's mess don't be mad at obama...not to mention....if he done anything radicle [aka; for the peopel] he would of been shot...people we have no idea
regularolpoet 7 months ago
@regularolpoet if that is the case, then the most gallant thing is for him to step down. Is that possible for an american president to step down. Sure he can. And let Joe Biden or Clinton do the job as they are more than half white. How is that for irony and satire?
sgpquek 7 months ago
You guys are idiots. You're 15 trillion down the hole and it is "republican" policy to pay your effin' debts off? Get over yourself and your idiotic democratic wonderland wishes, that ruined and continue to ruin the American nation, hand in hand with the republicans.
Xeogt 7 months ago
Bullshit.
intuitiveexplorer 7 months ago
Not only were they not committing to any tax raises, but they were reducing certain ethanol subsidies and SAYING that THAT was "revenue raising". NOT SPENDING MONEY IS NOT AN INCREASE IN REVENUE.
dangerouslytalented 7 months ago
Well, this is the worst outcome possible. Now it is put off to November.
BOMBOVA 7 months ago
I'm thinking that at some point even the rich must begin to be unconfortable with the level of unfairness.
Sure, some of them are just money driven psychopaths, but not all!
I mean, you don't get any joy from winning a game thats rigged. And at least some rich people must begin to feel that this has gone too far?
TheSaltyAdmiral 7 months ago
@TheSaltyAdmiral Some of the rich ARE uncomfortable with this level of unfairness. Warren Buffet, for example often complains that his secretary pays a far greater proportion of her income in taxes than he does.
dangerouslytalented 7 months ago
Huge mistake. PO has no ideas of his own. He'd rather appear "reasonable" and "appeal" to hostage takers than stand as a man on his principles--which he has none.
SandCmpbll 7 months ago
Obama's gonna bomb the shit out of some arab state next year, to show he's not weak and lilly livered, just in time for 2012.
ANTIDALLARD 7 months ago
We hate to jump to conclusions prior to having all the facts, but judging from how far the White House’s negotiated stance has mysteriously drifted toward the predicted “no revenue” option, a true cynic could surmise the fix was in from the very start.
Face it, Americans got played by the political process and their President
RetroVision Media' Issues Under Fire
lbines 7 months ago
LOL... Liberals still think Obama does not want to fight.
He's bought and paid for by Wall Street.... and so are all your other liberal leaders.
Whether you like him or not you need to vote for Ron Paul.... He will take on Wall Street and end the wars... that is change you can believe in.
jjcale1111 7 months ago
@jjcale1111 You think they will let Ron Paul do what he wants to? They will let him go and wreck welfare and regulations and the EPA and that kind of thing, but when it comes to the military industrial complex, all of a sudden he will not be able to do a thing about it.
dangerouslytalented 7 months ago
@dangerouslytalented I honeslty dont know... but for me it is a better bet to than letter Obama or one of his clones on the Repubican side continue this madness.
That said, I think they would kill Ron Paul rather than let him be president... look at what he wants: End the Fed, the CIA and the Drug War and let the insolvent Wall Street banks fail. If he was for only one of those it would guarantee a "trip to Dallas in an open top motorcade" much less the lot.... and I think he knows this.
jjcale1111 7 months ago
@jjcale1111 Thank you for assisting me to let off a little steam before attempting to write a controlled response. Also, thanks to T. Ferguson for expressing genuine anger. If there is actually anything left of the genuine Democratic Party, they should announce open rebellion against this phony liar in the WH. Better even a Romney or Bachman than to pretend Obama is anything other than a criminal. He belongs in Gitmo with his predecessor.
mahdatonta 7 months ago
@jjcale1111 As much as I hate to admit it, you have a valid point. However, we've lost faith in the American political process to bother giving more than a $hit anymore.
lbines 7 months ago
@lbines Yes, the structure has to change. At this point in the empire, we have devolved into an unlimited democracy where power is centralized in D.C. Everything appears to be up for a vote.
I advocate federalism whereby most laws are made at the federal level. We need a return to constitutional precious metal money and to end the Federal Reserve system by slowly phasing it out by introducing private mintage/competition.
A return to a federated, constitional republic would be nice.
joepeeler34 7 months ago
This has been flagged as spam show
Still kicking the "can" down the road.
davidperi 7 months ago
Comment removed
davidperi 7 months ago
@t666234 It's the American way. I think they are arrogant instead of gullible however. People who are gullible are usually meak, and can be taught. That is not the case today. Seems like those that still vote for the "one party system" are intent on destroying the Country because their egos either cannot accept the truth, or they refuse to accept the truth.
rea1001 7 months ago
you have no choice. ron paul wishes 911 truth would go away..and if yu think he will cut the FED out of the picture,not. He's part of the illusion..they are all Satanists,period
dryflyguyok 7 months ago
Wow u ppl are really fukin stupid. Go ahead and fool yourselves. Trade one politician for another. SMFH at idiots.
dfg93353 7 months ago
Use your "freedom" to tell Ron Paul that we live in 2011 and not in 1850.
albatros12 7 months ago
DEMOCRATS.. If your BEST case scenario is Barack Obama for another 4 years, maybe it's time to consider Ron Paul...
.
Obama has escalated both wars and dragged us into 3 more. He's passed the BIGGEST military budgets in history...!!!
.
3 years ago, you Liberals voted for change, do it again. Give Ron Paul a chance.
.
WE CAN DO BETTER, PEOPLE.
hob976 7 months ago
@hob976 Ron Paul is far, far worse. He has some good policies, and some bad policies. However, the System hates his good policies (getting rid of a massive amount of military waste) and loves his bad policies (tax cuts, getting rid of regulations and welfare and so forth). Result: He will be easily able to make a bunch of bad decisions that benefit only the very rich.And by very rich, I don't mean mere millionaires.
dangerouslytalented 7 months ago
@dangerouslytalented Exactly. I get so sick of hearing about Ron Paul. He named his son Rand Paul after the speed freak psychopath idolizing nut Ayn Rand. Their entire philosophy is apparently best embodied by a psychopath who kidnapped, murdered and mutilated a little girl for shits, giggles and money. Goggle: +"ayn rand" +psychopath
DrStrangelove666 7 months ago
@DrStrangelove666 lol. Nice strawmaning of Rand bro.
SPQRomantic 7 months ago
450 billion a year good for 300 million americans on medicare/aid.
600 billion a year for your prisons.
Yeah your Gov. has all its prioritys straight.
TheReallitycheck 7 months ago
2 trillion in cuts over the next 10 years, but what does it matter that your adding 7-8 trillion to the deficit. Its all good.
TheReallitycheck 7 months ago
EVERYONE GO TO WORK THIS MORNING AND CHANGE YOUR W-2 TO 8 DEPENDANTS. DONT GIVE THE FEDERAL GOVERNMENT ANY MORE OF YOUR MONEY TO SQUANDER.
kennedymaure 7 months ago
damn, obama really is a trojan horse. brilliant move on behalf of the corporations, disastrous move for the country.
RictiusVarus 7 months ago
You gotta feel sorry for American voters & the political choices they don't have. The ruling oligopoly owns the political system now to the extent that they hardly even try to hide it any more. Obama's a total sell-out for the average citizen; a slick, media friendly spiel merchant who works for the enemies of democracy.
Ralph Nader put it perfectly when he asked just how bad he (Obama) has to be before the Democrats dump him.
The future, my friends, is not looking bright!
Cabronosidad 7 months ago 4
Just a band aid ,buying some time before the inevitable collapse of the U.S. of A. economy. When they down grade the credit rating , interest rates will sky rocket.All bonds will become junk bonds.
vasiliosrigos 7 months ago
October 6th 2011 is the first day of the occupation of Freedom Plaza, Washington DC. Enough is enough!
OurFadedGarden 7 months ago 2
Bipartisan doesn't work when both parties suck. ~_~.
Kooshkff 7 months ago 25
@Kooshkff Are people still listening to these guys?
DarkEldarHomestead 7 months ago
Vote independent. Vote small party. Stop letting Obama take your support for granted or he'll just keep slaughtering working people.
jimlaregina 7 months ago 2
no military cuts hunh??????
zebb1111 7 months ago
No taxes increases? It's okay, our middle class will pay for it.
leptonsoup337 7 months ago 3
There is no way to deal with the long term deficit without raising taxes.
Uhmu45 7 months ago 13
@Uhmu45 A sensible tax on the insanely rich would be some good start.
ONESPECIES 7 months ago
@ONESPECIES
True, but that won't be enough.
Uhmu45 7 months ago
This has been flagged as spam show
@Uhmu45
There is no way to deal with the long term deficit without raising taxes FOR THE RICH.
yutuboslaven 7 months ago
@Uhmu45 over 60% of the deficit is owed to the american people. might as well give to us in the form of tax cuts.
JackofOneTrade567 7 months ago
@JackofOneTrade567 Give it to 'us'? When did 'us' become fucking millionaires? What this is is Democrats helping Republicans steal from the little guy and there will be hell to pay for both parties. Wondering where the real American left is? You assholes just woke it up.
NoCommentChick 7 months ago
@NoCommentChick wtf are you talking about? i didn't mention millionaires.
JackofOneTrade567 7 months ago
Uhmu45 There may be a way. I listened to an interview done by Glenn Beck recently with a spokesman for an automatic financial transaction tax system. Its on YouTube. Sounds too good to be true, and undoubtably there would be obstacles, but it does put an incredibly small burden on all transactions and raises huge revenues.
33115566 7 months ago
@33115566
The cost of medicare will skyrocket. The only way of dealing with that is reforming the healthcare system and raising taxes. The fact that US spends already more then other industrial country's and gets less healthcare back should be sign that something is wrong. Add to that that the population is ageing and even social security runs out of cash with the current tax level. There is no way around tax raises if the US wants to have healthcare for the elderly.
Uhmu45 7 months ago
@Uhmu45
Taxes are ridiculously high as it is. Here's an idea: cut spending by getting rid of useless government programs, bring all the troops home and stop empire-building, and stop giving research grants for cow farts. Then as soon as possible, LOWER taxes so people have more money to spend and circulate in the economy. Sales tax should then take care of a lot of national debt. Raising taxes would just cripple the economy and destroy the middle class (which is the workhorse of this country).
Kiithknight 7 months ago
@Kiithknight
One can cut military spending to 0 and you would still run out of money. The cost of healthcare is going up too fast. Medicaid is the problem. US government size is 20% from gdp. Thats one of the lowest in the developed world. Sweden's tax level is over 50% and they have a huge middle class. Lowering taxes is just keynesian stimulus, but the government needs to pay for things in the long run too.
A flat tax to everyone and a sales tax would do good, i agree with you there.
Uhmu45 7 months ago
@Uhmu45 Medicaid is the problem? I am sure you can trace the problem to the insurance industry having a tight grip on things... keeping the costs up. Government cannot negotiate drug prices ect.
daveruda 7 months ago
@daveruda
Sorry my slip there. I meant medicare.
Uhmu45 7 months ago
@Uhmu45
Sure, I can agree to all of that. Sweden's economic policies are much different from ours, though. I think what's killing us is that we think the government should be protector and provider without wanting to give most of what we make to it. Either we need to pay very, very high taxes or we need to provide for ourselves and only have the government as protector. My vote is for the latter, but that seems to be the minority position when it comes down to it.
Kiithknight 7 months ago
@Kiithknight
To cover basic healthcare to everyone, that does not take very high taxes. The current system is just that flawed and wasteful, that it will drive up the cost exponentially. Tax levels at maximum 25% and a good reform should keep US on a relative low tax level and with basic security for everyone.
Uhmu45 7 months ago
@Uhmu45
I'd like to see something like 10% flat income tax plus sales taxes, and then let me decide my priorities as far as my own life, including insurance. Health insurance isn't a basic human right - insurance moves risk from you onto someone else, and in exchange you pay them a fee. I don't want to pay for everyone else's bad health choices. There are unfortunate circumstances beyond our control, but that's life; everyone has to be responsible for their self and their families.
Kiithknight 7 months ago
@Kiithknight
"Health insurance isn't a basic human right" i agree with that, the reason why i support it because it's good for business. If everyone would be covered by heath insurance we would have a more productive economy because people could work for longer; spreading the cost and risk on everyone will just lower the price.Win-win-win situation. Business gets more productive workers, government more revenue due to higher productivity.Its not a argument for you, i understand that, but still.
Uhmu45 7 months ago
@Uhmu45
That's not necessarily true. I agree with preventative healthcare in that capacity, but healthcare typically means just getting a quick fix (antibiotics, surgery, etc) for a condition that develops, not preventing the condition from developing. While businesses may get healthier workers, their wages will go to paying everyone else's medical bills. That's why I would prefer to take care of myself. And no one is denied emergency medical service, even if they lack insurance.
Kiithknight 7 months ago
@Kiithknight
That would still leave a major cap. There are many things that aren't easy nor cheap to fix or need lifelong treatment and are unpreventable. How big that cap is and how big of a drag that would be down the line i don't know. That would take a major study to find out.
Preventing a condition from developing is what most of healthcare is about, i don't know, i don't understand how you view healthcare.
Uhmu45 7 months ago
@Uhmu45
Unfortunately most healthcare is about drugs and surgery. And it's become so commonplace that everyone goes to the doctor for a cough now. Read joepeeler34's response to me - that's my view on healthcare.
Kiithknight 7 months ago
@Kiithknight We have corporate/socialized medicine, not free market, localized medicine. Check out what Ron Paul proposes to get rid of the corporatist system.
joepeeler34 7 months ago
@joepeeler34
I know Ron Paul, and while I do support most of his political views, I can't support him for personal reasons. It's unfortunate.
Kiithknight 7 months ago
@Kiithknight
How do you know that its mainly about drugs and surgery?
Uhmu45 7 months ago