They are referring to the BLUE line in the chart and you are referring to the RED line. Nobody is trying to twist the numbers. Only you are twisted out of shape, hearing some good news from housing sector and economy, which of course scares the crap out of you, given the fact that Romney has no leg to stand on other than his Bain capital (non)credentials, which by the way, was the Pioneer of outsourcing American jobs and factories to China!
It will take guts to renegotiate all trade pacts. Only president who can do it is somebody who is not beholden to businesses and their lobbyists that make HUGE profits my making a shirt in china for $12 and sell it to you for $80. I will bet my bottom dollar Mitt Romney is not that guy. Now, US spends as much money in Defense as rest of the world combined. It is primarily to support the military industrial complex and NOT the required defense capability of this country. Finally, people making less than $250K a year pay more in taxes as % of their income than everybody making more than $250K. It is only fair for them to pay at least the same % of their income in taxes including income from their capital gains. Yes, I refuse to accept Mitt Romney to pay 15% of his income in taxes while I paid 29% of my income in taxes last year.
WH have proposed budget each year, which has no value if not passed by both congress and senate. Only Congress has spending power. I would fault Democrats for not passing the budget in 2009 and 2010 when they had both chambers of congress. And I would fault both dems and repubs for the gridlock since 2010.
Even when Congress does pass a budget and required spending bills, they only control about 38 percent of total federal spending — and that percentage is declining. The rest is “mandatory” spending, and it’s on autopilot — largely Medicare, Medicaid, Social Security and interest on our national debt.
So, even though it is important to pass a budget for 38% of our spending, we do need a plan to pay for the other 62%. What are your proposal to tackle the 62% of our spending?
And what is your solution? Here are few of mine..
a. Scrap and re-negotiate all trade pacts in vavor of businesses that produce in America
b. Cut defense spending 50%
c. Remove all deductions for businesses with more than 50 employees and $500M inrevenue
d. Remove all deductions including Mortgage interest for individuals making over 1M
e. Tax capital gains at the same rate as wages
I have may be 40 other ideas to make this country great again.
And none of those ideas are to bash republicans!!
Does your brain ever think anything else other than bashing democrats in general and Obama in particular? Every post I read from you is about that. Nobody is attacking wealth. Wealthy are asked to pay their fair share and not buy politicians to make laws in their favor. It is about fairness and giving everybody a chance! Why don't you propose taxing capital gains at the same rate as wages? 90% of wealth of all wealthy people comes from capital gains. 100% of capital gains are somebody else's money.
I don't hear the war cry from folks who are all about the free market, no to regulation, no to SEC, no to Fed, no to Glass-Steigal, no to Dod-Frank and no to everything where Govt is involved?
Lot of people doesn’t understand the economics of why big American apparel manufacturers are manufacturing in China, Mexico, India or Thailand. It's nothing other than greed, profit and large executive bonus and compensation motives. Pure and simple. A shirt by a big brand manufacturer costs $12 to make in china including material and labor that can be sold in USA for $60 and for a profit of $48. They can still make a profit manufacturing it here, but profit will be half that. It has nothing to do with minimum wage, unions or any other BS, some people are spewing on this board. Sad part is, our government allows it to happen by trade pacts it has signed and our people are happy to save a few bucks to wear made in China shirt with American pride!
Debt managed well for the purpose of lifting up the living standards of a country by long term investment in education, research and infrastructure etc will do wonders. Problem is when money is spent that has no return on investment like tax cuts for the rich, make up for the SS/medicare shorfall, wars and bridge to no-where.
This sounds like a state and county issue. VOTE for people at local, state and federal level who have YOUR best interest in mind and DO NOT buy into democrat vs. republican garbage. Both are two sides of the same coin, bidding for the highest bidder. Given a chance everybody will exploit you and take advantage of your vulnerability no matter who it is. That includes people, corporations and government alike!
Astronomical current national debt is the result of poor economic policy;Tax breaks for the rich, unfunded wars, high defense spending and poorly managed SS/Medicare/Medicaid programs over last 30 years, spanning both Democrat and Republican administrations. Time is now to come together and address the issues and NOT just point fingers at one party or the other!
![[Avatar]](/images/avatar26.png){kind=avatar}
Creation