Who Can Tackle the Big Beast (Deficit)? Romney or Obama?

Discussion in 'Clean Debate Zone' started by California Girl, Aug 1, 2012.

  1. California Girl
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    California Girl BANNED

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    How will the next President tackle the ‘big beast’?

    The ‘big beast’… or deficit, to you… will be the major issue for whoever our next President is.

    Obama wants to spend our way out of recession. Romney wants to cut our way out of recession. Which is the better way?

    In my view, Obama screwed up from the ‘git go’ by focusing on healthcare instead of an economy in freefall. Yea, the healthcare thing needed fixing – and he promised his base that he would address that as a priority. Unfortunately, for Obama, he appeared to not notice that the world was collapsing around his feet. So, along comes the stimulus… for the record, I loathed the idea but agreed with him on that… we desperately needed to stimulate the economy. I had my reservations, because politicians generally have a habit of taking a good idea and completely fucking it up. Hey presto, that is exactly what happened with the US stimulus. Instead of being spent on infrastructure and value adding projects, he pissed away billion after billion of our money on pet projects that did next to nothing to ‘stimulate’ anything other than his left wing bullshit.

    So let’s look at Romney.

    Gaffe prone, clumsy, very much a self made multi-millionaire, a DC ‘outsider’, leader of a very liberal state. He says he’ll cut federal spending to 20% of GDP. Good idea, but is it practical to do that when our economy is already in the tank (and it is – despite the weeping, wailing and stamping of feet from the left insisting that it isn’t… get a clue, lefties… it’s tanking. And it will continue to tank for quite some time.) But how do you cut the federal budget when the country has no jobs, no prospect of jobs in the short-medium term and a growing… and aging… population? He says he’ll cut ‘entitlement’ programs (foodstamps, Medicaid, etc)… but, again, how can he do that when the country is facing such a bleak decade?

    OK… back to Obama… re-elect someone who fiddled while Rome burned? We cannot afford any more expansion of federal government. Anyone who says otherwise, can’t do basic math,.

    So, what say you… do we continue to expand federal government and implode? Or do we take our medicine in the hopes that our children will have it easier because we made the hard choice?

    Self Sacrifice Conservatism or Cradle to Grave Liberal Government?

    The size of the state: A big beast to tackle | The Economist

    For the record, I have not 'cut and paste' from the article... I've talked about the issues and this article gives some solid, factually accurate, balanced information regarding both Obama and Romney. That, ladies and gentlemen, is how you open a debate.
     
  2. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    " So, what say you… do we continue to expand federal government and implode? Or do we take our medicine in the hopes that our children will have it easier because we made the hard choice? "


    Liberals are always talking about morality, but how moral is it to create such large debts that will be passed on to future generations? Our national debt is expected to go over 16 trillion buy the end of August; the entitlement programs in place now are clearly unsustainable, and yet democrats will not touch them. How immoral and irresponsible is that?

    Some think we are entering or will shortly enter another recession; the WH and CBO put out rosy forecasts for future GDP and UE, but I'm not seeing reasons to think things will get much better, other than the normal ebb and flow of the markets. We've got a bad drought across the middle of the country, food prices are going to rise. What happens if there's a war in the ME, I'd say there's a very good chance of that in the next 12 months. What if there's another terrorist attack that is successful this time? How does the sequester affect that? What about interest rates, right now they're are record lows, but sooner or later those rates will go back up. What then, in 10 years our debt exceeds 25 trillion and we're paying over a trillion just in interest payments?

    As I see it, we've gotta make our gov't and economy more efficient and productive. Gov't has to partner with Business to foster economic growth; less spending, less taxes, less regulation, less uncertainty, that has to be the way to go. Not all at once, but a gradual decline until our spending growth is less than our economic growth. I don't see Obama doing that to the extent that Romney will. Look around the world; the countries in the most trouble are the ones who have not, cannot, and will not control their spending.
     
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  3. California Girl
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    California Girl BANNED

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    We are back in recession... we just haven't faced up to that yet. And the media are downplaying it... naturally... the timing sucks for Obama.

    Personally, I think it is immoral to carry on pretending that we can afford the kind of programs that Obama's throwing out. Check out how much of the 'stimulus' went towards foodstamps... I appreciate Pelosi's claim that foodstamps stimulate the economy but, frankly, that is beyond ludicrous.
     
  4. mudwhistle
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    mudwhistle Diamond Member

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    Romney currently has a surplus in campaign funds and last report had Obama running at a $12 million dollar deficit. He's spending it faster than it's coming in.

    How can he fix the economy if he can't even properly budget his campaign?
     
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  5. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Obama has proven in the last 4 years that he has no intention of tackling the deficit. Each year he sets a new record on how high the deficit will go. He has supervised the Country in spending a deficit that equals in 4 years the amount that Bush added in 8. And his response is "well after I am out of office we have plans to cut the deficit."

    Will Romney work to bring the deficit down? I don't know, but isn't it time we give a new person a chance to try? Since Obama has made no effort at all?
     
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  6. Quantum Windbag
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    Quantum Windbag Gold Member

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    Obama promised he was going to cut the deficit in half by the end of his first term. If you ask me, he has clearly demonstrated his ability to handle the deficit by all the work he has done to keep that promise.
     
  7. California Girl
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    California Girl BANNED

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    I deliberately left that out of my OP, I felt it was a tad unfair to hold that over his head... it was never, ever gonna happen. Anyone who believed it also owns swamp land in Florida.
     
  8. California Girl
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    California Girl BANNED

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    Honestly, I don't see how he can bring it down, not while we're tanking... it would cost more than it saves us. However, I believe he can - and will - hold it where it is to a large degree. I don't expect miracles, I just expect him to take the issue a damned sight more seriously than the incumbent did.
     
  9. Luddly Neddite
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    Luddly Neddite Diamond Member

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    As long as the R congress refuses to work FOR America, nothing much can happen. Its easy to assume they'll suddenly change their ways if there the prez is R but all signs point to the opposite. If Mittens is elected, he has said he will go with the Ryan "plan" to bankrupt the country.

    The Bush fiasco showed us how well that works. Higher taxes for the working class, much lower taxes for the 1% and a real depression. That's what Mittens/R have planned for us.

    Add to that the FACT that Mittens has no real experience with much of anything. No, I don't count the tax bail out of the Olympics, the trash and burn of Bain or his failed and corrupt governorship.

    Third reason why he would be a total failure is that he has taken enormous money from the worst players. He is now owned by them.
     
  10. California Girl
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    California Girl BANNED

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    You can, I presume, back up your claim that R's do not work FOR America? Solid source, please... no HuffPuff here.
     

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