The long-term economic fiscal crisis; spending and debt

Please keep all comments and debates civil, no vulgarities, ECT...

The problem is that politicians want to spend too much, use too much credit and tax too much.

We need to pay off the debt and only use credit when it is necessary, such as a war emergency, national disaster....

If we tax too much in drains our economy, thusly revenue decreases.

Unfortunately Democrats and Republicans are trying to spend our way out of debt. That's just not going to work. We need to cut expenditures. We need to get back to basics (squares).

I think most of the blame should go to the Democrats, however as time progresses the Republicans seem to be more like Democrats. The Democrats and Republicans are spending wildly. Right now we are in a crisis with the war on terror, so expenses are naturally high, unfortunately politicians are still making plans for more programs that cost a lot of money. Instead of trying to expand our government, we should try to save it. If we expand it, it will collapse and die.

If our economy collapses, the UN, NATO or some other government may try to come in and take control of the situation to help us, that help would almost certainly end up being a loss of sovereignty. We are already giving away our sovereignty willy-nilly at an alarming rate, under the guise of such things as global warming environmentalism, free trade agreements, ect...

In the future we may be ruled by Russians, Chinese, Indians, or South Americans if we don't start becoming more financially responsible.

Category:

News & Politics

Tags:

• Glenn
• Beck

[canadianbuck77]

Brokers are calling clients all day telling them to hold, when they hang up they turn around and sell their own shit, save yourself now SELL don't let the Media lead you to the slaughter!

[Schemefighter]

canadianbuck77: Selling isn't necessarily a good idea, however having your debts paid off, living BELOW your means and investing wisely in safer things is good.

[Friendorfoeforever]

Personally I think the US dollar is going down, taking every other currency with it before out eyes.

[Schemefighter]

Friendorfoeforever: I think that's quite possible. However I think there probably would be a delayed reaction. Some economies would probably actually flourish for a while but there is a good chance they also would get pulled down.

[WhiteJack8791]

I don't agree with Beck about a number of things (ie. Global Warming and Evolution) but I think he's hit the nail on the head here.

[jinjin16]

please explain

[coltb123]

I truly agree with you friend.

[beyond7]

If we were on the gold standard, we would not have this conversation. Internet would not exist and many other things, because nobody would pay for it in gold.

[Friendorfoeforever]

Our eyes are on the almighty American Dollar.  Instead of almighty God.

[Schemefighter]

Ron Paul is an appeaser like Neville Chamberlain. It is pitiful how shallow minded and vindictive you Ron Paul advocates are that you would enjoy eating dog food just to see others eat dog food. You also failed to consider that Ron Paul's weak stance on terrorism and rogue nations increases the likelihood that your food would be contaminated with radiation, chemical or biological weapons.