- May 20, 2009
- 144,087
- 66,362
- 2,330
Lately, I have heard a number of conservatives/Republicans grousing about the fact that, in their opinion, Obama is "sinking the country" or is "ruining America."
Is that what you think? If so, howz about coming on this thread and telling us SPECIFICALLY what you think he is doing to "sink the country." Frankly, I would like to know if there is anything to this claim, or if (as I strongly suspect), he just isn't falling in line with what the cons want to have happen.
Gentlemen (and ladies) - start your engines!
Obama's Deficits are bigger than any Regan Budget
USA Credit is in the process of Downgrade
ObamaCare Unconstitutional Power Grab
do you even know why our credit is being downgraded? Obama called for an up and down vote to raise the debt ceiling without any conditions attached to it. Republicans said no, they wanted huge spending cuts attached. so we now sit in limbo, and the financial markets dont like limbo. had the debt ceiling been raised, the full faith and credit of the government would still be intact. but now we sit a point without an ability to borrow to cover our obligations. im not talking about random reckless spending im talking about the social safety net programs that both dems and repubs support. medicare, medicaid, and social security. those along with defense and interest on the debt take up about 80% of the current budget. which is more than the federal revenues they take in.
if you truly want to cut spending you need to cut about 30% from all of these programs and you will be able to balance the budget. the problem is that it is political suicide to suggest cutting any of these programs. looks at Ryan's budget to change medicare, its being met with a huge backlash. the bipartisan debt commission couldnt even get enough of its members to agree on a plan to suggest to congress.
this is not a problem obama created, yet it is a problem he has to deal with.
im curious though, when bush and the repubs were in control of both congress (2000-2006) and the WH and the economy was in a huge boom, why were there no calls for fiscal conservancy and spending cuts to pay down the debt?
Deficit in 2006 was under $300B and falling.
Moody's already warned on a down grade because of Obama's annual unsustainable Trillion plus deficits. See how that works?
Reckless crack ho spending and having a POTUS who will fuck senior secured creditors to pay off his UAW Vote Manufacturing base is what caused the downgrade.