Solve the US Debt Crisis

Discussion in 'Politics' started by kyzr, Jun 20, 2011.

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Which Debt cutting options would you support?

  1. Eliminate ALL subsidies (Big Oil, Farm, Green, etc.)

    15 vote(s)
    75.0%
  2. Raise income tax rates to the 39% or so of the Clinton years

    7 vote(s)
    35.0%
  3. Fix SS by raising the age & contribution amount needed for long-term solvency

    10 vote(s)
    50.0%
  4. Fix Medicare & Medicaid by weeding out those who did not contribute

    7 vote(s)
    35.0%
  5. Fix Medicare & Medicaid by implementing a "Maximum Lifetime Benefit" like we all have

    6 vote(s)
    30.0%
  6. Cut defense spending by 20% or more

    12 vote(s)
    60.0%
  7. Make Corporations ALL pay a competitive tax rate

    8 vote(s)
    40.0%
  8. Make the government more supportive of cheap energy

    6 vote(s)
    30.0%
  9. Make the government stop the NLRB from creating jobs in right-to-work states

    4 vote(s)
    20.0%
  10. Make the Tansportation Department plan the systems of the future

    4 vote(s)
    20.0%
Multiple votes are allowed.
  1. kyzr
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    kyzr Gold Member

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    What was it that Rohm Emanuel used to say? Something like "never waste an emergency"

    I hope that they don't agree on raising the Debt Ceiling, and the dems need to run the government on about $2.5-trillion a year. More than enough money.

    Here are a few links to see how the pols think...

    Debt Commission Recommendations
    The Plan to Balance the Budget: The Fiscal Commission's Final Report - Derek Thompson - Business - The Atlantic

    Debt Limit Negotiations-
    WRAPUP 1-U.S. debt talks enter make-or-break week | Reuters

    Lets see how we'd vote given the choices...
     
  2. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    rip the band aid off.

    Dont raise the ceiling and deal with the fallout....it will suck but we have to do it someday why wait?
     
  3. FuelRod
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    FuelRod Gold Member

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    Don't spend more than you take in.
    And you can't raise your prices when revenues go down. Any business knows that.
     
  4. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    ZOMG you deserve the nobel.......seriously though the first leader to do this might really get it considering how easy people have been getting them recently.


    Dont spend more than you take in, the key to success in anything you do.
     
  5. uptownlivin90
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    uptownlivin90 Rebelious Youngin

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    It's funny to me how once the money supply to the empire seems to be running short Obama and the Dems become end times prophets with pat robinson-like visions of the coming apocalypse.

    I say BRING IT ON!!

    Don't raise the Debt Cieling!
     
  6. snjmom
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    snjmom VIP Member

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    You forgot legalize weed and tax derivatives like lotto winnings. Considering they aren't an actual investment in any company and are just side bets.
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says we already drownin' in debt...
    :eek:
    Top economist: Raise the debt ceiling or blow the recovery 'out of the water'
    June 28, 2011 Washington - The US economy will double its growth rate by the end of the year, if Congress raises the debt ceiling, says economic forecaster Mark Zandi. Otherwise, 'we would be thrown into recession.'
    See also:

    Think Congress has a month to avert Debt Default Day? Think again.
    June 28, 2011 Washington - The House and the Senate are in session simultaneously only a few days between now and Aug. 2, when the US is expected to hit its $14.3 trillion debt ceiling. That's not helpful, experts say.
     
    Last edited: Jun 28, 2011
  8. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    I'm not an expert in finances, but I know one thing: making all the people prop up bad banks was not the best idea out there, but when the propped-up leftist banks that enjoyed the wealth provided by the sweat of moms and pops, they gave themselves more money than a lot of people make in a lifetime as bonuses at years-end, that made me mad.

    I'm not an expert in changing the guard, but I think it's time to throw the so-called leaders who made that one happen need to go down at the voting polls in 2012.
     
    Last edited: Jun 28, 2011
  9. American Legacy
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    American Legacy Federalist

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    How about dramatic spending cuts in the federal budget? Or is spending less on discretionary items to avoid defaulting on debt payments too difficult a concept for the lawyers in Congress to grasp?
     
  10. Avorysuds
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    Avorysuds Gold Member

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    I didn't like any of the options... I think we need bigger cuts than like let’s say 20% to Defense spending and that we need to phase out SS... Stuff like that.
     

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