Republican Plan For Fiscal Sanity

[Oddball]

But thanks for trying to deflect from the fact that real deregulation works.

No, it doesn't. And neither the trucking industry nor the airlines are totally deregulated. You're the one that couldn't give me one example of a deregulated utility that didn't cost consumers more.

Then your definition of "deregulated" has no basis in any reality....Much like the rest of your Fabian/Utopian dream world.

 

[Oddball]

Republican/conservatives on this board are whining crybabies. They can't take the facts. They scream "liar" and when confronted with the truth, they skulk away to another thread to tell more of their lies.

Name one single federal republican policy that directly led to the I-35 bridge collapse, blockhead.

Federal policies don't lead to "bridge collapse". "NEGLECT" LEADS TO BRIDGE COLLSPE.

Does that really have to be spelled out?

What did Bush and the Republicans do for this country for 8 years? Oh, yea, except for 9/11 and 4 thousand Americans dead and 47 thousand Americans maimed in Iraq they kept us safe. Obviously, ignoring Bin Laden go was part of the plan.

And what did the do for the country? Well, look at the economy and the mining disaster and the oil spill - all products of "deregulation". How's that workin' out?

The bridge was under construction for resurfacing and upgrades at the time it collapsed, you blithering idiot.

So, tell us all how repairing and upgrading a bridge constitutes "neglect", and how its collapse was the fault of the federal gubmint in general and BOOOOOOOOOOOOSH! in particular?

 

[Zona]

The Republicans, gearing up for November 2010, and clearly reasserting themselves with the basic conservative principles of sound fiscal policy, have laid out a plan to save the country $1.3 trillion over the next decade...

_____

Democratic attempts to paint Republicans as the Party of No got a little tougher today with the release of a new plan from the House Republicans on the Budget Committee. The GOP has demanded spending cuts, and today the group led by Rep. Paul Ryan (R-WI) laid out a preliminary slate of specifics. If adopted, they predict that they can save over $1.3 trillion over the next ten years. In the preamble, the GOP caucus slams the Democrats for failing to provide a budget for FY2011:

Having shoveled out trillions of dollars in new spending and debt, House Democratic leaders now admit they cannot budget for all of it – and won’t even try. For the first time, the House will fail even to propose a budget. Instead the Democratic Majority will resort to an ad hoc, spend-as-you-go process that abandons any pretense of governing.


Hot Air GOP proposes $1.3 trillion in savings over next 10 years

What exactly happened the last time we listened to the republican financial plans?

Is your memory that bad? Do you know how close we came to another depression? Seriously, do you?

 

[rdean]

Republican Plan For Fiscal Sanity

should be

Republican Plan For Fiscal inSanity

 

[Political Junky]

Why do you hate the ellllderrlyyyyy and the pooooooooooor?

That drug bill costs seniors more for their drugs.

 

[Bern80]

Really? If you have so much faith in business, why is it that everytime the reigns are loosened, we get screwed in some way? Yes, businesses do screw over their customers as much as they can to make a profit - that's the nature of business. Unfortunately, that is acceptable corporate culture in this day and age

No that is not the nature of business. Sorry you are simply 100% wrong on this. You want corruption inbig business to end? Stop bitching about business and direct your complaints to the government for bailing them out when they fuck up. In a just free market, companies like AIG would simply fail. The free market is not naturally corrupt. Our government has simply taught corporate America that if you're big enough you can grease enough pockets that you can screw up and government will bail you out. Again, THAT is not a free market, don't sit their and pretend it is.

And I would bet that, like in the insurance industry, all are in collusion to keep prices as high as possible all while providing the least service. Sorry, I do not and will not place any faith or trust in the "free markets". I have seen the damage they do whenever they can get away with it. And it wasn't just Enron, sweetie, everyone was cooking their books and providing RIDICULOUS loan instruments to anyone who would take them. Did they go down? Yes, eventually, but they went down with millions in profits. I do NOT trust the private sector one bit.

There are plenty of real world examples that render your collusion belief simply incorrect. The auto industry for example. Or how about the video game industry? When the last generation of consoles came out, why didn't the 3 major players all agree to sell their consoles for the highest price (Sony's)?

You have NEVER seen the free market in your life time. It has NEVER existed in this country because we have a bunch of chicken shits like yourself who are too damn afraid to take any responsibility if such a system were put in place. YOU HAVE CHOICE. But you have obviously been duped. Government fed you the line that you need them to protect you and all the ridiculous regulations in place that ultimately only hurt the actual consumer are really there for your protection. You simply don't get how business works. In a truly free market, where there are hard consequences for hurting your consumer rather than bailouts, businesses simply can't afford to be shady. It is your precious government protection that has afforded them that, not some make believe trapping sof the free market.

Why is the insurance industry so bad in terms of choice and cost? It isn't because they are all in collusion. It's because there are so many damn government regulations in place concerning what they can and can't offer, they barely have to compete with other at all. Maybe I want to start my own insurance company because I think I can make money by offering people greater customization. One rule of the free market is that if there is a demand for something, someone who wants to make a buck will fill the demand, if said person wants to continue making money they are NOT going to start screwing their customers. That notion of yours is absolutely ridiculous. The only reason the above doesn't happen is because in today's bereacratic red tap you need your head examined if you want to spend all the money and time it would take to jump through all the government hoops of starting such a business.

 

[Oddball]

Why do you hate the ellllderrlyyyyy and the pooooooooooor?

That drug bill costs seniors more for their drugs.

The bill was only stolen --lock stock and barrel-- from the democratics.

Why do you hate seeeeeenioooooorrrrssss?

 

[Bern80]

But thanks for trying to deflect from the fact that real deregulation works.

No, it doesn't. And neither the trucking industry nor the airlines are totally deregulated. You're the one that couldn't give me one example of a deregulated utility that didn't cost consumers more.

Uh, maybe because there aren't any smart guy. This has been exactly my point the whole fucking time. Do we have corrupt and maybe even some colluding businesses in this country? Sure. Is it symptomatic of the free market? No. It is symptomatic of government thinking it knows better than YOU, the consumer.

 

[Bfgrn]

Republican/conservatives on this board are whining crybabies. They can't take the facts. They scream "liar" and when confronted with the truth, they skulk away to another thread to tell more of their lies.

Name one single federal republican policy that directly led to the I-35 bridge collapse, blockhead.

Federal policies don't lead to "bridge collapse". "NEGLECT" LEADS TO BRIDGE COLLSPE.

Does that really have to be spelled out?

What did Bush and the Republicans do for this country for 8 years? Oh, yea, except for 9/11 and 4 thousand Americans dead and 47 thousand Americans maimed in Iraq they kept us safe. Obviously, ignoring Bin Laden go was part of the plan.

And what did the do for the country? Well, look at the economy and the mining disaster and the oil spill - all products of "deregulation". How's that workin' out?

You're wrong rdean...plenty of bridges were built and billions of dollars of infrastructure money was spent!

 

[editec]

The Republicans, gearing up for November 2010, and clearly reasserting themselves with the basic conservative principles of sound fiscal policy, have laid out a plan to save the country $1.3 trillion over the next decade...

_____

Democratic attempts to paint Republicans as the Party of No got a little tougher today with the release of a new plan from the House Republicans on the Budget Committee. The GOP has demanded spending cuts, and today the group led by Rep. Paul Ryan (R-WI) laid out a preliminary slate of specifics. If adopted, they predict that they can save over $1.3 trillion over the next ten years. In the preamble, the GOP caucus slams the Democrats for failing to provide a budget for FY2011:

Having shoveled out trillions of dollars in new spending and debt, House Democratic leaders now admit they cannot budget for all of it – and won’t even try. For the first time, the House will fail even to propose a budget. Instead the Democratic Majority will resort to an ad hoc, spend-as-you-go process that abandons any pretense of governing.


Hot Air GOP proposes $1.3 trillion in savings over next 10 years

Spendthrift Republicans always bitch about spending when the Dems are in office.

Didn't hear them bitching when Bush II was pooching the budget, did we?

Nope, then they were all for spending like idiots.

Hypocrites.

 

[Bfgrn]

The policies that are most bankrupting the entire system are Social Security and Medicare/Medicaid....Imposed upon us by FDR and LBJ, respectively....ANY economist worth his salt will admit as much.

Those are the facts, asshelmet.

REALLY? HOW did every administration from the end of WWII until 1980 manage to decrease the debt? I know Reagan was the official 'Jethro'. So, maybe no one TOLD Ronbo those programs needing to be funded in the budget?

Interestingly, it was old Ronnie that signed the biggest tax rise on payrolls, promising to create a surplus in the Social Security system, while knowing all along that the new revenue would be used to finance the deficit.

The retirement system was looted from the first day the Social Security surplus came into being, because the legislation itself gave the president a free hand to spend the surplus in any way he liked. Thus began a massive transfer of wealth from the poor and the middle class, especially the self-employed small businessman, to the wealthy. The self-employment tax jumped as much as 66 percent.

Did you say ANY economist worth his salt. How about one that was IN THE ROOM?

Wall Street Targets the Elderly
Looting Social Security

By PAUL CRAIG ROBERTS

Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.

Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Two Wall Street henchmen, Alan Greenspan and David Stockman, set up the Social Security raid in this way: The Carter administration had put Social Security in the black for the foreseeable future by establishing a schedule for future Social Security payroll tax increases. Greenspan and Stockman conspired to phase in the payroll tax increases earlier than was needed in order to gain surplus Social Security revenues that could be used to finance other government spending, thus reducing the budget deficit. They sold it to President Reagan as “putting Social Security on a sound basis.”

Along the way Americans were told that the surplus revenues were going into a special Social Security trust fund at the U.S. Treasury. But what is in the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs.

Social Security was mugged again during the Clinton administration when the Boskin Commission jimmied the Consumer Price Index in order to reduce the inflation adjustments that Social Security recipients receive, thus diverting money from Social Security retirees to other uses.

We constantly hear from Wall Street gangsters and from Republicans and an occasional Democrat that Social Security and Medicare are a form of welfare that we can’t afford, an “unfunded liability.” This is a lie. Social Security is funded with an earmarked tax. People pay for Social Security and Medicare all their working lives. It is a pay-as-you-go system in which the taxes paid by those working fund those who are retired.

Currently these systems are not in deficit. The problem is that government is using earmarked revenues for other purposes. Indeed, since the 1980s Social Security revenues have been used to fund general government. Today Social Security revenues are being used to fund trillion dollar bailouts for Wall Street and to fund the Bush/Obama wars of aggression against Muslims.

Having diverted Social Security revenues to war and Wall Street, Paulson says there is no alternative but to take the promised benefits away from those who have paid for them.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and “unsustainable.” They ought to know. The phony trust fund, which they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget. But it only took Hank Paulson’s derivative Ponzi scheme and its bailout a few years to inflict irreparable damage on our lives and budget.

Paul Craig Roberts is an economist that served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.

 

[Mr. Shaman]

The Republicans, gearing up for November 2010, and clearly reasserting themselves with the basic conservative principles of sound fiscal policy, have laid out a plan to save the country $1.3 trillion over the next decade...

_____

Democratic attempts to paint Republicans as the Party of No got a little tougher today with the release of a new plan from the House Republicans on the Budget Committee. The GOP has demanded spending cuts, and today the group led by Rep. Paul Ryan (R-WI) laid out a preliminary slate of specifics. If adopted, they predict that they can save over $1.3 trillion over the next ten years. In the preamble, the GOP caucus slams the Democrats for failing to provide a budget for FY2011:

Having shoveled out trillions of dollars in new spending and debt, House Democratic leaders now admit they cannot budget for all of it – and won’t even try. For the first time, the House will fail even to propose a budget. Instead the Democratic Majority will resort to an ad hoc, spend-as-you-go process that abandons any pretense of governing.


Hot Air GOP proposes $1.3 trillion in savings over next 10 years

A TWO PAGE thesis on how to save $1.2 TRILLION dollars. How, you guys are workinng VERY hard!!

oooooooooooooooooooooooooooo......a THESIS!!!!!!!!

How bold...... ​

Stage Set For Final Votes On Wall $treet Reform Billhttp://www.reuters.com/article/idUSTRE66A1BT20100714http://www.reuters.com/article/idUSTRE66A1BT20100714​

"Senate Democrats on Tuesday appeared to nail down the votes needed to approve a historic overhaul of U.S. financial regulations and set up a final vote by the end of the week.

Senate Democratic Leader Harry Reid scheduled a key vote for Thursday morning after Senator Ben Nelson, one of the chamber's most conservative Democrats, said he would support the bill, which would be the broadest rewrite of the Wall Street rulebook since the Great Depression."

"It creates a new consumer financial protection agency, an early-warning system to predict and prevent the next crisis, and mechanisms aimed at liquidating rather than $aving companies once deemed "too big to fail."

The legislation also closes loopholes in regulations and requires greater transparency and accountability for hedge funds, mortgage brokers and payday lenders, and arcane financial instruments called derivatives."

 

[Mr. Shaman]

​

 

[NYcarbineer]

A tacit admission by the GOP that they don't know how to balance the budget either.

I guess that's a baby step of progress.