An editorial and op-ed round-up from the world's English language newspapers.
SAUDI ARABIA—“[I]nternational markets are becoming increasingly nervous about the fate of the dollar, the world’s only reserve currency and in times past a haven for anxious investors,” says an editorial in the Jeddah-based Arab News.
“Saudi Arabia is paid in dollars for its oil. Our currency is tied to the dollar. The Kingdom has approximately 2 trillion invested abroad, the greater part of it in the United States. The value of those investments, the value of our oil earnings and the value of our currency are all under threat as politicians in Washington grandstand for their constituents and argue bitterly from two utterly polarized positions.”
AUSTRALIA—““Had Australia – or any other country – tried to build up debt on the U.S. scale, their currencies would immediately have been punished and their folly quickly exposed, ” says an editorial in the Sidney Morning Herald.
"That has not happened to Washington. The arrival of what might, following Paul Keating, be called the United States' banana republic moment has been long delayed, and the delay will make the shock of it worse.”
CANADA—“For the U.S. to begin defaulting on its obligations would be catastrophic, not just for Americans, but for all those who depend on U.S. stability and leadership,” says an editorial in the Toronto-based Globe and Mail.
“The power the U.S. exercises on the world stage comes largely from its economic strength. Default would demonstrate the U.S.’s inability to meet its commitments. In addition to the economic consequences, that could lead to a loss of its moral authority in international affairs – and that would be a very bad thing.”
UNITED ARAB EMIRATES—“While the U.S. is used to the spectacle of noisy squabbles in Congress, the current game of chicken at the heart of the world's leading economy is unsettling to say the least,” writes Alan Philips in the Abu Dhabi-based National.
“In past years, the raising of the U.S. debt ceiling has been treated as a technical issue to be nodded through by Congress. But this year the ideological battles lines are drawn between those who demand cuts, and those who see borrowing yet more money as the only way. But there is another point of view which is gaining attention. This view holds that there is nothing exceptional going on here. Rather, the progress of liberal democracies from affluence to the brink of bankruptcy – and beyond – is normal, and indeed inevitable.”
CHINA—“When countries across the world hold breath watching the debt negotiations between the Democrats and Republicans in Washington, they are once again ‘kidnapped’ by U.S. domestic politics,” writes Deng Yushan in China’s government-run Xinhua.
“Given the United States' status as the world's largest economy and the issuer of the dominant international reserve currency, such political brinkmanship in Washington is dangerously irresponsible, for it risks, among other consequences, strangling the still fragile economic recovery of not only the United States but also the world as a whole.”
© 2012 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
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I am appalled that we have people elected to our government who are so rigid that no governing is possible unless they get their way. Perhaps the "United" states should reconsider its size and ideology because we have vastly different views of what matters. The West Coast by and large wants to protect the environment and move forward, the East seems deeply involved with corporate views and the South seems to be very fanatical in its religious and conservative views. Many of us don't want to live in the world they want to create. The tea party has made its prophetic point on the budget ....now it is time to GOVERN!
Way to stereotype and oversimplify. Let me take a wild guess that you are on the west coast...
Democracy gets top-heavy, it goes straight down. There are thousands of public agencies in California alone. There will be belt-tightening or else.
I agree with morphe and I'm from the South.
What most people don't seem to realize is that we have a backup plan that will pass, but the current debate is over the sweetheart deal. That's why we aren't panicking. We're simply bargaining internally for different outcomes of this situation.
I think he hit it on the nose. There's a bunch of fanatic fundamentalists in the South. I'm a fiscal conservative, but I'm an Atheist. Bigotry and racism is rampant all along the Gulf Coast all across the color spectrum.
yea thats the least tolerant post i have ever read, you're a total neanderthal
Really? The least? Have you ever read CNN's comments before?
i agree. the west coast is full of saints, and intelligent, beautiful people.
the rest of the country, armed with this ridiculous notion of "living within your means" is paving the way to hell, while they murder puppies and drink the blood of kittens.
I'm not going to defend the comment made initially, but it's funny that you think any kind of majority of people in any large swath of land in the us is dedicated to "living within your means". Credit card debt, for instance, is not consolidated on the west coast. You all but deride an oversimplification, while at the same time providing another one.
Also: the notion that "the Government" is somehow analogous to a family should be given its own name as a logical fallacy. The analogy breaks down immediately precisely because of the reason it's (wrongly) used: the government DOES have the power to levy taxes. Families do not.
~Nic
I think you misse the sarcasm there nic
NIC,
I was doing research for a business class one day and ran across a page on one of the three credit keepers in America and they listed credit card, home loan, and car loans based on location. with in each location they recorded the percentage of people who were on time, past due by 30, 60, 90, & 120 days+. They did this by an average based on population which means that it doesn't matter if it's a large city or small community. The results were this...the west coast and larger cities on the east seemed to defalut on the loans and credit more than anywhere else in the country. I found that CA had the highest in the country on auto-loan defaults. Now, the fact that public transportation in cities could play a part on why people default more in cities than in the rest of the country could play a part, but ultmatilly it showed that everyone else was doing better on their credit than in larger towns/cities, precentage wise. Some small town only 4% would be 30 days overdue where as in SD, CA it was a staggering 17% of the population. Sounds like Jeremy has a little more evidance to back him up than you do.
Another problem is people like you, who stereotype folks in other parts of the country, and create more division. We are not all that different. The fact is there are a bunch of politicians in Washington who got us into this mess, and now can't figure a way out of it. If we borrow more money, then congress will spend that much and more; we will be right back where we are now. If we don't borrow, then we can't meet our obligations. It's time to make some tough choices, and that's why this is such a big debate.
What's this, the voice of reason? How did you get that posted? Really not what one expects to see here!
Yeah, we ARE that different! If it wasn't for the dysfunctional Senate and the stupidity of the electoral college, the majority of Americans would actually be allowed to govern instead of being held hostage by some moron senator from Montana or Arkansas (e.g., the health care reform debate) every time a major piece of legislation comes up. We have a dysfunctional government because we have a dysfunctional country. After all, it's absolute nonsense that 30+ million people in California are given the same representation as 500,000 in Wyoming. Let the small conservative states fend for themselves. You'll see just how long these principled Tea Party activists stay in power once they have to pay for something themselves.
What ticks me off is that you and most posters act as if this is just a USA thing and we have no responsiblity to the world. No one seems to even care what this will do to the WORLD! Its as if many are just saying well we have to just default and let the world sink with us. While I don't want congress to keep spending I by no means want a default. Plan and simple if the USA defaults the world will suffer and will not forget this. Those who think hurry up and get it over with are fools. Our great great grand kids will still be punished for collasping the world economy. With what we are doing now we have already told the world we can't be trusted. defaulting is the worse option available and those who support such an act should be hung as treason. I say that bc if we default it is not like our bills go away- in fact they will double and triple. We will still have the exact same bills and obligations but now it will be with a higher interst rate which means higher payment but at the same time bc of a default our dollar will be worth even less so countries will demand our debt be paid back with something other than the dollar so really our payments will become even greater bc of interest and a dollar that won't be worth 10cents. The USA should pay it's bills first then talk about spending less. This lets just default is insane, but I suspect that is what is wanted to force the world to a one world currency as that will be the only solution to mess we will be putting the world in.
I would be very happy to have the thumbs of the federal government off my back. As soon as states accept any federal funding ,they lose control.Spending cuts at the Federal, State, County, City,and Town levels , will pull this country back together. I'm not a teabagger , I'm a fisherman that was raised on common sense and hard work.
At what point do you need to take a stand to stop doing stupid and irresponsible things. It needs to stop. Not much choice about it! Some one needs to tell the children no!
agreed. you always advise your own kids to control your expenses and invest in your savings. the difference between kids and grown ups is that only toys become expensive. thanks
http://www.mile.org
I completely agree that the content of your reply conveys a general view of how the country is, more or less. I'm tired of Washington and all of these other baboons standing in the way of progress. Just look at the marijuana legalization movement and how dogmatic our policy makers are in their ways and actions.
I can't tell by your post what you're for or against. You stoned?
Maybe it is indeed time to scale back – maybe the South should be allowed to succeed 150 years later. We seem to have very different outlooks in this country that are regionally based – maybe like a bad marriage its time to separate and agree to be friends.
The south will never succeed, they're all too busy getting fatter. They may secede again, though!
What's up with all the dissing of the south? I'm from TN and I am about as liberal as it gets. There are idiots wherever you go. It's sad, however, that so many people who live in the south try to live moral/simple lives and the conservatives take advantage of that by brainwashing people into believing that they represent those ideas. The right only concerns itself with maintaining the wealth inequality in the US which is, in my opinion, the single biggest threat to our national economic stability.
LOL .. you are saying that with a straight face from a state as screwed up as California? Wasn't your state recently begging for a bailout? We are a bit self-rightous!
Maybe the Midwest will finally get away. The only part of the country that is recession proof. South Dakota, North Dakota, Iowa, and Nebraska. Jobs are up in two of the four states and even in the other two. Maybe you could add in Kansas, Missouri, and Oklahoma. Those 7 states are the back bone of America.
Secede! NOT 'succeed'! Get a dictionary!
Oh, puh-lease. North Dakota, South Dakota and all those other states are heavily subsidized by the rest of the country. The last time South Dakota paid for its own highways, it was 1890. And California wouldn't BE in its financial mess if it wasn't for the fact its citizens are net contributors to the federal government—they get pennies back on the dollar for everything their people pay in to keep Alabama, Montana and the rest of the Tea Party states afloat. California, New York, Illinois, Minnesota, Colorado would be all better off without the dead weight of the Great Plains and Deep South.
Lib rhetoric working as intended
Are you sure about that? How did you come to that conclusion? Or did someone on TV tell you that's what it is?
That's hilarious. Been to CA lately? It is on the brink of complete, utter and total financial disaster. HELLOOOO??!?
Are you kidding? We just got $5 Billion from the feds to "tide us over" in case of default. Nothing's changed since Arnold left. Short of money? Hell, just borrow some more. The feds never run out; Or do they?
Do you know that California has the 8th largest economy in the WORLD?? Don't worry about California and Californians. You need us much more that we need you. Yes, CA has the 8th largest economy in the WORLD. I guess we're not as bad as you've been brainwashed to think...
No. California is. Not on the brink of financial disaster. Not perfect of course you. Should look at the golden conservative state of Texas with the biggest deficit of all 50 states at 29 billion and would have been a lot worse if it wasn't the 2ed biggest reciever of those federal dollars spent in that state
America doesnt get it still for cryiing out loud the only reason were on this mess is only one reason all this greedy Amercan corporation that s getting away from killing the job market in The U.S by shipping everything out of the country but yet has the guts to market their product and be supported by american consumers what a loyalty to this country
This country was founded on capitalism. Capitalism is not loyal! If you can buy something cheaper you are going to. If you want to pay more for the same thing that is called a fool and his money. Sorry but being up set over what we were founded over is silly. Maybe you should really take a look at this thing called capitalism for there is not one single thing of loyalty or human concern in it, and that is the model we push to the world.
Most founders didn't want THIS system. jefferson spoke of an "earthly paradise paid for by the contributions of the rich alone". And Madison wanted the rich taxed and help for the lower classes towards a more equitable middle. And, in the ultimate of ironies, that Thomas Paine should be the one used as a symbol for the tea parties was, in fact, the most "socialist" of all the founding fathers. He suggested that all land belonged to the people (sounds like an old hippy!) and that in return for a system of private ownership of property, every citizen should recieve 15 pounds sterling from the government upon turning 21. He also thought those 50 and over should recieve a yearly stipend (you may call this "Founding Fathers social security!").
Well, I'll tell you what. There is going to be a wholesale bunch of them out of office come election day. As a US citizen, I have never seen such stubborn people who can't see how much all this will hurt our society and in particular, the young and the older people.
There is still another chance (hopefully) for Sunday.
The east being only corporate minded? i live in New England which houses some of the most prestigious and liberal schools in the world. For you to make such a comment portrays only hypocracy on your part...
Mike.. You cant pay them much mind. The west coast is a topic of its own. San Fran is full of east coast IV alum and what they don't get by way of brain power from the East coast, they get it from India and China. I enjoyed my time in California (North and South), but my lungs just couldn't take the smog or the dry air and allergies that comes in from the Mojave. California needs to be environmentally conscious, its near impossible to breath without getting sick. I am back on the east coast now and its really nice to smell the trees and breath fresh air.
I'm with you morphe. I often feel at times like the U.S. is two drastically opposed nations being forced to live together. I think our system of checks and balances doesn't always work as it should. I think if our country is going to see any meaningful "change" like we were promised, we need to enact some changes in the way that legislation gets passed.
Yes, almost every sentence was disconnected from the rest, but I rarely post my thoughts so there they all (concisely) are.
The whole of your comment sounds like the USA has different, but equally good reasons. Even though you point out each coasts "faults," they make up our country. Like it or not. Thats called AMERICA. This president called us southerners "gun toting, "Bible carrying" rednecks. So I guess our tax dollars protect him as well, because he does not have to protect himself, courtesy of the south. I also noticed that the blank check he forces upon us is not helping anyone, not even the whales in California. Or the Gulf he forgot about. Can you actually NAME anything he has done to help America as a whole? Just ONE THING? Not the failed stimulus x2, or credit for anything actually!
Just BLAME the last president years ago. A few job killing windmills, and electric cars that no one can afford?
But more importantly, he has tried to destroyed the HOPE of all AMERICANS, NORTH, SOUTH, EAST, WEST.
THIS IS HIS GOAL. And I can speak for the South .... NOT BUYING IT! In my 50 years I have never seen such a degrading treatment of American people as I have in this president, and his administration.
And "moving forward" does not always mean a blank check, an excuse, or even a vote.
Just curious. Where were you during the eight years of the Bush "administration?"
I believe this person had an automatic Bush/Republican conservative default vote for the last 12 years....where IS that vat of tar and bag of feathers?
The real truth is they are doing this to collapse the dollar. After a yr of the USA and the WORLD going into economic collapse the ONLY solution will be a one world currency. You can laugh or criticize that but after a few months of the world economic collapse people will be crying for solution and will embrace the idea of a one world currency to prevent anything like that from happening again. Right now no one would go for the idea willingly, so the only way to do it is to create an economic world catastrophe which is exactly what a US default would bring. Just saying the writing is on the wall and this is something that has been talked about for a while- it's no secret. All this talk about spending, cutting ect is all the side show meant to entertain, no sane person would risk default at the price of world economy collapse. The quickest and most well received way to implement a one world currency will be to collapse the dollar- then as the world tumbles down, the world will embrace the idea as a savior currency. Just ask yourself what happens to world (just read the above article) should we default and the dollar goes under. At that point the world will willing embrace any solution put forward and the only solution will be a one world currency so that no country is ever dependent on another countries currency again- thus preventing something like this from happening again.
Pay a little more attention to what is going on in Europe and notice that the Brits are not in the middle of it, like the Germans and French. The reason for this is they elected to not participate in your "one world" or in their case "one EU" currency. The lessons to be learned from Europe are that a one continent currency means that when the Greeks screw up your neck is really on the line too. There is a defacto one world currency. Its called the US Dollar and while this is frustrating, this is how democracy works. You only need 51% to pass something and that means you could have 49% so upset that they make more noise and could even unify and beat up the 51%. This is how it works. Its more obvious now because their are crisis all over the world. The EU is on the brink of bankruptcy and France and Germany are not able to carry all their EU brethren. This issue in the US only adds fuel to an already existing bonfire.
As most families cannot make ends meet without credit card debt, so the US has been unable to do also since 1777. Theirs is called a "public debt". It gets bigger with time, same as families. We need to pay it down thru this process of cuts.
I think that's the problem, isn't it? We've become so myopic that we comment about what's going on inside the country whilst the WORLD is worried sick that we're going to default on our obligations. This crisis is politically motivated – its an invention. Most of what our politicos say about our debt is false. Eventually, we may wake up to reality but by then the damage will have been done.
Exactly why we need less federal govt and more focus on the rights of the states!!! Stop the Federalisation of America! A common defense was the main reason for our union and we need to remind ourselves of that. Personally I'm happy to see members in my lifetime sticking to PRINCIPLES they beleive in. It takes courage to do so and doing the right thing isn't always the most popular thing. Isn't this what so many people have wanted for so long? Thank you Tea Party! Stick to your guns!!!!
Sorry but the Tea Party is a load ... nothing but right-wing extremism trying to mask itself in patriotism. If the Tea Party really believed in less federal government they would not be involved in social issues on a federal level AT ALL. They would also not be trying to tank our economy in a global standing.
I agree morphe. Well spoken
What people are missing is that debt is not just given to anyone. It's given to people with the ability to repay it. The fact that it got this high means up until recently the US has had very little problem with the income area. But due to outsourcing of jobs (mostly to China), income we have to come to expect is rapidly vanishing. This is one of the crucial aspects of the debt crisis which seems to be ignored.
We've always had debt. We haven't always had a problem getting jobs. That's new.
The easiest way to pay debt is selling some of our lands to foreign country
It is fine to "protect the environment and move forward", but what does that mean? Force everyone else to do the same? Take their hard earned money (at gun point via taxation) and give it to the government (who obviously spends it wisely) so they can determine what "protects the environment" and what "moving forward" means. I'm from the southeast, and can tell you that I just want less tyranny and more individual freedom/responsibility to take care of me and mine instead of forced to take care of everyone else the government deems "worthy". I want no DEA, less FBI, CIA,Department of Homeland Security, International handouts, FDA and USDA restrictions, etc. I think a free country means less government manipulation of the economy not more.
People foolishly elected individuals into the heart of our legislative system whose sole purpose is to not just to refuse to do their job, but to prevent our government from functioning. The Tea Party is no better then a terrorist organization, and the people that voted for them were either too stupid to realize they were being fooled or desired to see our home descend into chaos and madness. Liberals are blinded by progress and Conservatives are terrified of losing power, when they look back and talk about how the USA fell apart a century from now, the only ones that will be to blame are the citizens because we allowed them to do it.
Worst post ever! Try engaging your brain before writing
Well history has proven,no Empire lasts forever.The outstreching of US government its very costlly,like Alexander in the past and Rome,and the lack of manufacturing strenght to produce the goods we'r rather buying from China,any deep Pocket goes empty,but eventhough is a bankcrupted country,we at least have a clean enviroment,for the happiness of the useless enviromentalists.
Don't be disheartened. You live in a great country! It's only certain politicians who make life difficult for the people. You still have many more opportunities than others elsewhere.
by the way you type I'm guessing China or Iran?? Nice try 'patriot' you don't even understand basic English grammar.
No they are just a product of our ever increasingly defunded education system.
I'm a Texan and I agree with what he said, so doesn't matter if he's Chinese to me.
I bet the few in the Congress who are known for their intransigence and omniscience must enjoy the attention they receive from all over the world, for being the ones to tip the scales. How gratifying it must be to be part of history.
CNN reacts by saying everything will be ok. Cnn is controlled by the elites. Worst news site ever! U won't find the real truth from these clowns.
So please tell me, the real truth is to be found on FOX no doubt???
lewrockwell (dot) com
I get my news from The News of the World newspaper...oh, wait...
all corporate news answer only to shareholders, all the people on these boards are just a target market
So basically, what you're saying is, unless the news is exactly what YOU want to hear and believe, reported in EXACTLY the manner and form that YOU want to hear or read, it's all hogwash and exaggeration.
Congress must stop this. Look in the mirror and face the world. Everyone is laughing at USA.
But guess who is getting the last laugh, a dead man Osama. This is what he set out to do and all the wars he sponsored has caused us to be on our way to becoming another fallen country. If these politicians want to be inspired to work together please someone tell them they have fallen into the dead mans hands.
Exactly, they are laughing at us. If Bin Laden were alive he would be rolling laughing that our leaders are destroying the country by shooting themselves in the foot. Beyond embarrasing... thank those who voted for the tea party...
you are right. The terrorists have won. They have divided us and broken us economically just as we broke the soviet union. We have fallen.
It's to the point now that I have lost all faith in the leadership of this nation. I don't even care to vote anymore. You can't tell if they are going to help, or if they are blowing smoke in your face and just want to be re-elected and do nothing in office. Once the riots and assasinations start, maybe they will change. At least I hope so.
Don't say you won't vote, because that is the only way to get people out of office. I plan on voting my Congressman out of office next year over this and he is the House Whip,(many where I live Hate him over this now)bummer for him. I will put in a vote for my dog over him any day of the week.
well said!
How is it that the Arab countries and the Chinese understand the debt ceiling situation so much better than those in the U.S. Congress? One comment aptly referred to it as playing chicken. Seems correct. Chickens are known for being stupid.
And we STILL won't get rid of lobbyists? We deserve this and our elected officials should be impeached.
Tea Party Terrorism = A toddler hiding the keys to the family car.
Fantastic comment!
Wow! What an incredibly simplistic and moronic metaphor! You are so clever!
probably the best comment I've read in a week
Thanks for hastening the decline of America, republicans! Couldn't have done it without ya!
You might want some nice refreshing Coolaid if you beleive this mess is all a Republican one. Both parties blow as far as I'm concerned.
How true. Both parties are irrelevant. They need to fade into history and anyone who says they still belong is out of touch.
Yes the democrats and republicans together have put the gun to our heads. Doesn't matter if its the republicans that pull the trigger, it was bound to happen sooner or later.
I for1have only this to say: "carful what you wish for,you won't just get but live to regret it!"
I myself think we should elect regular ppl not the 1's that think they have nothing 2 lose, it is definitely upsetting and all of them sound lyke a bunch of business men talking BS even the so called pres., this is history n the making and the error of corruption, deceitfulness, selfishness, and to much pride, after the debt ceiling increase we'll be n even greater debt and facing greater choices and bS more but n the end its what suppose 2 happen because of our on ignorance and not doing anything about it as american citizens- peace and love 2011
Businesses actually make decisions, often unilaterally when in times of crisis. Let's not compare these people to businessmen – they are politicians because they couldn't hack it in the real world, with a real job. If they were businessmen, they would have been fired by now for the horrible performance to date.
I think that's what we did when we elected the Tea Party.....
I'm glad you mentioned that.
The GOOOH party intends to do just as you suggest.
That stands for Get Out Of Our House, wants to put people in the house of representatives like Sally the waitress, Joe the mechanic, Eddy the shoe salesman, and George the Baker. People like you and me. But first you have to fill out a questionnaire and a pledge to vote as you marked on the questionnaire. The pledge is a legally binding contract. If you do not vote according to the pledge, you must forfeit $1,000 dollars to GOOOH and resign your position. No need to recall or impeach. The contract will hold up in any court of the land.
Working people know they can’t borrow their way out of debt. They know they can’t spend more then they earn.
They are real people who have had to be careful and plan ahead.
Right now we have a government of lawyers who have never had to worry where their next meal is coming from. They are not in touch with the real world.
GOOOH wants to change that by putting real people in the house.
Why the house? Because that is where all spending bills originate. Control the house with sensible people and you control the spending.
Our government has been on a spending spree for too long. Time to turn off the money spigot and get real. People talk about splitting the vote but if enough people see the value in GOOOH, then there will be enough to elect sensible people to the house.
Worried they might not know enough about government?
How could they do any worse then the “educated” ones in there now?
Absolutely right!!!! That's excatly what it means by a government of the people, by the people and for the people. Time to regroup and get our head on straight before someone else owns the bank.
....And they figured out this now? When they know that it will affect so much, why do they stall even more?
Such stupidity! Forget about what it might do to your election and roll up your sleeves and get something done! Half of those government people are only taking and spending tax money on things we don't even want! Seems simple to me!
Embarrassing.
How is it that the republicans are to blame? When our debt has doubled under Mr. Obama. Why is it a crime to insist that we "slow down" on spending money we don't have. The "tax the rich" scheme cannot pay our debt, even if you take all they have! At some point this train is going over the cliff. Then, it won't matter who you blame, everyone will suffer the fate of a bankrupt nation
Except the national debt did not double in the last 2.5 years. Obama inherited a budget with a $1.2 Trillion deficit in it. Try some facts.
On inauguration day, 2008, our national debt stood at just under $9.2 trillion. As of today, it's at just over $13.2 trillion. Budget deficit for 2011 is estimated at ~$1.5 trillion. How do like those facts?
I was in no way a fan of W, but to deny any culpability at all for Obama is asinine.
Let's not play the blame game – this blame goes back all the way to the start of W's presidency and allowing for cheap credit to foster real estate speculation and gambling. And guess what happens when ordinary Americans, who have no business doing so, start making half million dollar bets? Well, they lose. Now, Obama has been in office for over three years. I have not seen him do one single thing to control the deficit or spending. In fact, he has just escalated the pace. So, while everyone likes to point the finger at W, we should be blaming everyone involved since 2000. It's across the board failure that has brought us to this point. Obama is right in the middle and needs to go, along with the rest of them.
So you're saying Obama is to blame for spending more money in Afghanistan and Iraq instead of immediately pulling out all of the troops? You are saying it is Obama's fault for continuing to charge without paying for the prescription drug benefit? you're saying it was right for the Bush administration to say "DEFICITS DON'T MATTER" and that the >$1 trillion Bush pre-charged on credit every year for the next 15 years is Obama's fault? If that's true, then Bill Clinton had a perfect economy and we need to set the tax laws and rates back to what they were under Clinton.
I think he is saying that Obama isn't blame free. I think he made a valid point. Wasn't a W fan, even less of an Obama fan. One came from Yale and the other Harvard. Maybe the next one should come from anywhere but an Ivy League school.
The thing that blows my mind is that so many people in our country fail to appreciate the distinction between reckless disregard in creating a problem versus mistakes in managing the hot potato once it's in your hands. The facts are clear: W brought upon the storm through asinine policy-making; and Obama has made choices to weather a perfect storm he inherited. Just because Obama may not have lived up to people's hopes and expectations does not put him in the same reckless category as the jacka$$ who got us here in the first place.
Hey TimT. What policies did Bush create that lead us to where we are at? From what I understand it was a democratic controlled congress that voted in the bills that lead to the housing market crash that started all of what is going on. Correct me if I'm wrong.
But then obama multiplied it by 14 and still did not stop spending. Either we act like adults and start spending less or we will be back at this same point in 2012 ... Oh wait that is what Obama wants but after the elections so you will forget that ewe owe others 17,000,000,000,000 dollars withe the increase in the debt ceiling. If there are no savings we will owe more and more and more and ... You hot it!!!
The republicans are to blame because (a) the republicans refuse to have the wealthy pay their fair share of taxes for some reason and (b) the republicans refuse to stop providing huge, huge incentives to corporations that are making record profits AND keep sending jobs overseas. That's why the republicans are to blame. You probably won't know points a and b above if you're being "educated" by fox news, Rush, Hannity, and O'Riley. Their only interests are in keeping you in a fog so you don't notice that they are raping you every day without a condom.
George Bush started two wars and kept them off the books
President Obama put those wars back on the books and you hold him responsible ?
Gotta love how the mind of a republican works.
Vote for me a regular guy. I'll start by taking contributions from special interest groups and big corporations and stab em in the ass by giving that money to the taxpayers. I'd also shorten military campaign costs by moabing al qadeida when found and be less concerned about what pakistan thinks and bring our boys and girls home! I have all kinds of ideas. Corps move jobs to india? You can then no longer sell your products within the US you backstabbers!
Humorous – everyone who touts this BS line that India is stealing our jobs clearly doesn't understand macroeconomics.
KV – please explain macroeconomics to me. How sending millions of jobs that Americans could have to other countries benefits us. It only benefits shareholders and execs. I don't need your "macroeconomics to understand this. You're as clueless as the retards in government. "you just don't understand macronomics" Let me tell you nimrod – You don't understand common logic.
Exactly, there should be harsh punishment for the out sourcing done by almost every supposedly "patriotic" company out there! We get jobs back, unemployment goes down, all markets including even the housing market begin recovering and with the idiots out of Washington something might get done!! Who knows maybe we will actually go back to having a budget surplus even instead of sending aid to countries that hate us!! Help starts at home.. Or at least that's what I've always understood.. My opinion? Get rid of everyone in the government down to the nimrod dog catcher and vote in the people who live an everyday life and HAVE TO AN HAVE KMOWLEDGE of how to be fiscally RESPONSIBLE!!!
The bumbling fools in the us congress are the best of our best? They should all be fired and put the geico gecko in charge; he would at least make us laugh
No they are idiots. And they perfectly reflect the people who elected them.
P.S. For political reform the electoral college is out and we are in with a minimum of 10 candidates to choose from. Political parties and hereby outlawed. No more donkey and elephant only individual platform that results in impeachment when not reasonably executed... Email me at kingof14ers@yahoo.com and I'll fix this for all of us.
One more thought beyond the debt crisis. How about a limit on wars that we fight? How great would it be if we weren't the ones to be fighting all the time. Do you know wars cost billions? How about the next war we just say thank you for the invite but we'll pass. Hmmmm, do you think that might help reduce our debt a little?
Well said Steve B, we should have passed on a few wars during my time that America didn't actually have a valid reason for us to be there, per say 9/11. I am 46 yrs old and not that I have a great deal of wars under my belt so to speak,but being afganistan should have been the only one to be in but only for a limited amount of time because they don't want us there and how does America think they can do better than any other country in yrs pass in that country, that hasn't gotten beyond the Flinstone cartoon stage. Even President Bush Sr. knew NOT to be in Iraq. Desert Storm last what 9 days or there about because Bush Sr, said," we will get Iraq out of Kuwait and then we are out of here" How did 9/11 get us to Iraq again?????? NO CONNECTION and let those countries deal with that leader at that time,NOT US!
This looks like a POLITICAL COUP!!! But by whom??? I'm just say'n it looks like it, but the economy is OVER. Ctrl+Alt+Del. We can't start over cause were $14+T in debt. What do we do? Learn to farm? Seriously what do we the ppl of the USA do??? How do we eat next month??? If they pass a bill Monday night then you know its a Coup!!! But by whom? That's what it looks like for the "Tea Baggers". Pushing Obama to write an executive order. But maybe he wants TOTAL CONTROL OF THE USA FOR THE NEXT 6 MONTHS?!?!? Its a COUP?!?!? Does any1 else not see this? Even somewhat?
I dont think they are that smart
Hey – psst. You left your tinfoil hat behind when you left our "they faked the moon-landing" rally last week.
Yes, article 14 will allow Obama to declare Marshal Law and dissolve congress. Obama will have complete control over the country and can nationalize all banks, call out the national guard to suppress the freedom fighters like the Tea Party brigades, then invoke universal health care to bring full socialism to the country. Just as he planned all along as he manipulated the country into electing the Tea Party to begin with so they would cause this crisis.
Tea party freedom fighters ???????
Hahahahahahahahahahahahahahahahahahahahah
Phew! Now i feel better.
By the way,congress gets paid whether the debt ceiling is raised or not.
But not the military
The U.S. shipped all its jobs to China. Protectionism is a good word. A government is elected to protect the people, so legislate a certain quotient of mfg goods consumed must be of domestic origin, make it a federal law. We have to drive safely, its the law. We should have to consume by law, for our own economic safety, or Walmart will continue to retail goods from 'wherever' they whim – till the U.S. falls to its knees for the final count.
Everyone should stop blaming everybody...when obama got in office we were already in debt. how can u take something from someone who doesnt have it. i make little money on my job or you gonna take the little i do have. when the rich are walking around getting richer. no our government may not be the best but it doesnt take a brain to figure this out. the poor people are the ones keeping what little economy we have going. so all you rich people who keeps getting rich please go out spend some of your money you tight fools.
They do spend it. Like Yacht dealers,Ferrari dealers,Mercedes dealer, aircraft sales and drug dealers, financial brokers and cpa's to make sure they can write it all off.
you need to invest in land while it is cheap, when the collapse comes, the land will lose value, but not as fast as the dollar will lose value. And you can hire people to work the land and raise crops and just pay them with some of the crops. No cash needs to change hands, and the government need not know exactly what is going on and so no taxes need be paid.
What,is wrong with your all,boneheads?Get,your act together soon,and I,do mean soon.The,world does not,what to go bellyup.We,need to pay bills etc.We,need Medicare and Medicade and also Social Security.So,get your acts together and fast. JoAnn Bartholomew
You are so rite JoAnn Bartholomew
Everythings fine. Between the second coming and the aliens this will all get fixed for us.
We all need to do something n this country needs to get itself together we r supposed to be the best country leading in example, n no worries I'm just curious wat your talkin about, can u explain??
F the US! I'm moving to Canada!!
Please don't come to Canada we have enough problems with immigration no arrogant Americans need apply.Stay there and continue Americas greedy out for its self to hell with the rest of the world ways.
let the house of cards fall, do away with money and barter with the rest of the world.
Too many expect someone else to fix their problems.
its more clowns in congress than in ringling bros. barnum and bailey circus
more clowns in congress than at a circus
its more clowns in congress than in a 3ring circus
I wonder if anyone has noticed that it's a lot like a circus in DC..
In all my years on this earth I have never seen a more disfunctional government (as Obama puts it). WE have to be the laughing stock of the entire world. A governments first responsibility is towards its people. In the U.S., yah! sure!
Vince–their too scared to think of us as clowns.
This country is stupider everyday
Maybe if America stops acting like the savior to the world and thinking that they should be policing the world, we wouldn't have ever had all this circus going on. Maybe if the countries that we helped rebuild after WW2 would have paid us back, we wouldn't be here today..Maybe if we just took care of ourselves first, instead of helping the world, we wouldn't be here.The World is laughing at America and how these clowns are acting. The laughing has been going on for all of the 20th century and so far this century,it wasn't just because they are watching this show that is playing now. Either way,America needs to STOP helping everyone else around the world and help us first. Most families around the world work that way,why can't a government. Plus now most countries don't want our help, so just STOP!!!
Policing the World you start most of the Wars and lie to gain support from your friends.With friends like America who needs enemies.
did your father let you out of the kennel again? ffs
stupid is as stupid does
Just as always their will be a last minute deal because neither party wants to be responsible for the country's default. This is just the media trying to sell papers, get ratings and get hits on their websites.
Uhm!I may not be as. Smart as some people but,I was wondering with the price of gold sooo high WHY are we sitting on it at Fort Knox? Couldn't we use some? I say cut the goverments pay to we have gave enough and all I have is blood now I'm giving it to eat.Its not fair.
The fact is, there is no gold. I invite you to google Congressman Louis McFadden who was chairman of the banking committee and read the address to Congress in 1932 or 33 about the Federal Reserve System and then start your
own investigation into the FED....It's a modern day horror picture. There hasn't been an audit of the Fed since it's
inception and Fort Knox was last audited about 50 or 60 years ago but I stand corrected on the number.
A global economy ensures not just the rich in this country, but the world, get richer. Interest rates, unemployement, and foreclosures are going to go up. Value of the dollar, domestic infastructure will go down.
a government of the people, for the people, by the people....sound familar? we can end this, a national strike would get their attention in washington
The crisis we're in began in 2008. Obama came into office during the worst recession in history and pulled the US out of it. Bush gave tax breaks to the rich and it didn't help then, so why would it help now? We need Social Security, Medicaid, etc. Tea Party members have taken away collective bargaining, pension plans and raised insurance. They've cut funding for education, law enforcement and other needed services, yet corporations making billions in profits are still untouched – and still funding their campaigns. Wake up to facts, not FOX news. It's Anti-Robinhood. Take from the poor to give to the rich. (you can find me at http://www.expandingworldview.com and are welcome to blog or comment in the forum)
You mean with that 2 trillion in borrowed money and the nationalization of a good chunk of American business. Wow, I fee so much better now! Also, in my state we are pretty sure the recession isn't over yet!
Look, it's time for the United States to break up. The country is too polarized, too large, and if it were a patient, too sick to survive in its current state. Any super-monstrous company that faces such bloated bureaucracy breaks up or is broken up. Take Standard Oil for a good example.
States that share ideological views or common economic goals should ally and form their own Republics, Federal Alliance, or Confederacy as they see fit. Instead of one ungovernable country, four to six manageable countries could form it its absence.
The US is a failed experiment with its current public and political culture, time to move on.
Why is Obama asking the Republicans to compromise when his party doesn't even want to give. This man does not like America. He is in love with himself and ideals more than he is with this country. Why is it "fair" to take away over half a persons paycheck when they make over $250k? Keep in mind, 99% of those people work much more than 40 hours a week. They work just as hard, if not harder, for their money than those who make a middle class income. They have every right to keep that money! How about you cut useless spending to people who do nothing for this country. Obama is a divider, not a uniter.
That's right, blame owe-bama for the owe-pacalypse!
What have you been smoking?-first he asked for a clean bill, then he gave up on Revenue increases, Now he just wants something, he has given in to the tea party idiots all the way through and they have thrown everything back into his face.
Where on earth did you get the notion that Obama ever proposed to "take away over half a person's paycheck?" All he ever wanted to do was allow the Bush tax cuts to expire for those making > $200,00 which would bring them more in line with the % that middle class wage earners pay and would be a huge help toward solving the debt crisis.
Gunge .. Gunge .. Gunge. Do you really believe the crap coming out of your mouth? The top tax rate in the U.S. is currently 35% and has reached as high as 94% during World War II for those making more than $250,000 a year. As late as 1980 it was still 70%Soaking the rich is just a start if we don't get spending under control. How much are you going to enjoy loosing the mortgage deduction on your home along with child tax credits while seeing significant increases in deductions (tax increases) from your paycheck for social security and medicare? BTW, does becomng prosperous in the United States mean that you should only keep 30 cents of every dollar you make. That seems a lot like redistribution of wealth. You know spread it around so everyone else can enjoy it too. If you get rich, can I have your house?
Aww have you been watching Faux News again? Republicans have refused to compromise in this debate; Obama gave up his call for tax increases and has conceded on several key points he wanted as far as spending cuts go. What is wrong with allowing the Bush tax cuts to expire? We've had them for twelve years now, and the economy is twelve times worse than it was twelve years ago due in very large part to those tax cuts. Bush's 'starve the beast' mentality, coupled with the two wars he started, destroyed this economy. Has Obama made all the right decisions? Most certainly he has not, but I guarantee you he will not allow Republicans to force him to extend those cuts again ... Republicans may have come out ahead, but those cuts expire on December 31, 2012. Spending cuts alone aren't going to cut it; we need to bring in revenue while cutting spending.
Bin Laden had said that his goal was not to destroy America, but to destroy the economy of America. . . . . . . . . .
Who needed Bin Laden when we have the Republicans.
And Democrats or especially idiots like you!
If the U.S. economy is such a global hinge where are the jobs.
Europe and Asia need to pay us back for world war one and two. So f off world.
Good grief. More blood was shed by the Soviets and French than we ever did keeping the fascists down. Maybe if we started focusing on the next 70 years rather than the last 70, we'd get something accomplished.
Divide the country? Granted not everything has been accomplished P.C., but make no mistake. This is the first nation OF nations.
All I can say is my family members go without their s.s. payments due to political jousting. Then they should do without their paycheck too. If they cause a financial crisis again, I say class action lawsuit on all of them on behalf of all Americans!!!!!!!
Pubs, Dems, Bags ... Grade: F.
Luckily for us Amuricans, we don't care what the rest of the world thinks of us. (For all the Amuricans reading this, I was being sarcastic.)
I am stopping, here and now. I am stopping THE BLAME GAME. It does not matter if I am R or D, cons. or lib. I will not call names, rehash who did what, why or when; who contributed how much to anything to cause any problem because we go in circles and it fixes NOTHING.
I will help to find logical solutions, listen to others even though I may not like their ideas. I will not bad mouth them, walk out or call them un-American.
We all win when I act in this way.
When 9/11 happened and America in crisis, all Americans enormously support their President. Now America in crisis again, why can’t you back your President?
The SC Tea Party support the black guy? Yeah, right.
Looks like it is either the 14th Admenment or the Marines.
America is broken, been that way for a long time. The people occupying it are to blame but we'll never see it that way. I think it's time to move to Canada.
We cant strike on just our jobs. that only stings a llittle. We have to stop working, turn off the power to our homes, not buy fuel, turn off our cell phones, stop blogging. So who's gonna go first?
Nobody. The days of protest ended with blogs, a six pack, HDTV and a iPhone and the ruling class LOVES it. Keeps us off the streets.
@Limbaugh is a liberal. You're probably right about the debt as %GDP however things are a bit different now. Much of government spending ends up overseas and does not support the private economy at home. I would guess more than 50% of the workforce is employed by government directly and another large percentage is employed indirectly (defense, health, and other industries largely paid by govt drived income). Problem now is companies out-sourcing jobs and American's buying cheap imported goods. I defintely think the debt ceiling should be raised. I also think we need to overhaul the entire US political system.
And besides, there isn't one politician who is going to let this nation go into default. There will be a last minute deal they've all intended on voting for anyway. Which one of them wants to give up a career for being a part of a Congress that let the country down? None of them. All this hysteria and emoting was for political reasons. Boehner wanted to show his power but the rooster can't strut too much – his bill barely passed the House and is dead in the Senate. Superman no more. Both parties should be ashamed they caused all this ruckus.
How about we take a page out from the movie NETWORK 1970s lets march on Washington and shout out "Im MAD AS HELL AND IM NOT GOING TO TAKE IT ANY MORE!"
We are all part of the problem. Something for nothing, my share, screw the other guy. We don't stick together anymore and we all have our own agenda. We should all come together and remember that we are the USA, we will overcome, we will be pasionate, tolerant, and strong in our convictions. We will stand up, work as one, and overcome all obstacles.
I love going to the US. Especially to California in the winter. Given the current debt crisis both in California & the country, I cannot understand why increased 'sin taxes' on alcohol & tobacco are not used to help balance the books. A dollar added to a case of beer or a carton of cigarettes in conjunction with belt tightening would go a long way to get out of this mess. The rich must also pay more tax. Also, the US cannot afford to continue to be the policeman for the world. Other countries must pull their weight.
We did march. The bailout passed anyway. These "public servent" jobs last too long. Maybe if we had elections every six months lobbiests, corps, and foreign interest money in our own reserve would run out so we can go back to majority rules.
I find it terrifying that the collapse of America, and the whole world, is reliant on several hundred fat, impetuous children in Congress. It's more terrifying that it's all out of my hands, as I can't even vote, yet I'll be the one most affected, as I'll be the one living the most through the ensuing crisis.
How far these politicians (I didn't vote for) have perverted the American government is just depressing. Our government's corruption, partisanship, and stupidity surpasses those of the governments we installed in Vietnam, Afghanistan, Iraq, and everywhere else we felt like interfering. We have truly been taken hostage by Apes.
After watching HGTV House Hunters International, I'm seriously considering finding a country less embarrassing.
If you don't vote, you don't get to complain! If more people voted instead of complaining maybe we'd have a better bunch of whacko's in DC.
If alcohol and tabacco prices went up there would be riots. And trust me south of canuks Border, if the majority belts were tighter we'd all be wearing our kids cloths.
No riots here. We just pay up or chose to drink & smoke less. Medical care seems to be a bigger priority as we age.
Phuck u Tea partiers... what u think is right is wrong..u wanna take away from working middle class and reward big business!! Why make workers pay n give tax breaks and allow loopholes for big business? You and Scott Walker need to stop sharing the same diaper!!
Time for Obama to dissolve the House and Senate, and declare himself Emperor of the Republic.
Medical Care? drugs from canada, surgery in mexico, the life of boomer luxury. Thanks ol' timers.
No luxury here but we do OK. May common sense prevail in Washington before 2 August. Good night!
I think I'll sneak across the border into Mexico. Maybe its better there?
Hold up there TN. there are moral/simple people living Outside of the south being taken advantage of too thank you very much.
I see a one world government coming out of this and i see the Antichrist standing in the wings, Like it or not we are living in the last days
It's sure looks like that is where we are heading for.
An open letter to Congress:
How dare you?! How dare each and every one of you toy with this country's financial future. Do any of you not know, or even care, that you have ALL made this once great country the laughing stock of the rest of the world, all due to your own personal ideologies that you seem to sacred to budge on. Most of us thought this rather technical hurdle would be speedily resolved in a matter of days, yet now we sit, unable to stop the upcoming train wreck.
Quite a few of you were recently elected as a sign to Washington that a small, but vocal group of people felt the need for a significant change in American politics. The rest of us (more rational) citizens were abhorred when some of you won your current office, but we're also relieved to see that this Grand Experiment has failed. We also take great comfort and pleasure in knowing that the majority of you (regardless of political party) will be out of a job the next time your office comes up for election.
Enjoy what time you have left, by further wrecking this country as much as possible. In the meantime, the rest of us wait in disgust.
Disrespectfully,
The American Public
When there is a house on fire, the first priority is to contain and or extinguish the fire from burning the house down or the whole block with it, not for the fire department to get there and asses why did the fire start? The House has acted in the most irresponsible way ever possible and imaginable with the debt ceiling crisis. Not only is this morally shameful it also tells you where the heads of these congress people are buried, they didn't squabble half this much about enron, AIG, Lehman Brothers or Freddie or Fannie Mac. Time to wake up for American voters
I feel silly asking, but did anyone else march, call, email, or write congress or the president?
Couldn't get through on the phone line, so I emailed my congressmen (Sen. Alexander – R, Sen. Corker – R and Rep. Roe – R) to voice my displeasure.
Nah – I just went out and put a bunch of expensive dinners on my Mastercard, bought (and crashed) a Porche, took a month long trip to Cancun, and bought a walk-in humidor. All after asking my boss for a pay-cut so he'd like me better. Then I told all my creditors that I couldn't afford to pay them back (the reality was, my boss kept telling me to take a raise, and my wife found a bunch of ways to save money – but, screw it, there was this mob of lunatics that kept telling me to take a "principled stand" and not behave rationally). So, I told the banks etc etc to go suck it.
They repossessed everything I owned. I live in a van down by the river now.
Canada indeed. keep paying taxes to keep the royal family rich. An american buisnessman might get my money but atleast he provides a service.
Not sure where you get your info but we do not fund the Royals or their weddings. We are guilty of funding other follies like the G8 summit for example. We are not immune to crappy government policy but none of our loonies go to England............just to Ottawa.
Can't only blame the republican it's the democrats too at least the republicans came up with a plan. The democrats sit back lost, waiting for the republicans deal so they could get an idea of where to start. I'm leaning more with the 22 republicans that say don't raise, its already deep enough. This is america for christ sake it will make it. This isn't the first time america's been in this situation. The congress and senate aren't stupid, they're smart, they just lack common sense. They could do something as simple as adding 25 cent to every gallon of gas, and a 2 percent tax increase on everything sold just to go towards the deficit.
Dont worry im not mad at you canada. i realize your still upset about paying for a royal wedding you didnt get invited to.
USA politics and debt ceiling aside, I find it laughable that China can comment at all, being the biggest currency manipulator in history!!!
I say again. if every economy hinges on U.S. economy where are the jobs? its a global economy and the richest on the globe are getting richer. If the special interest can brake the U.S. economy how long do you think it will take to bankroll others?
Probably jon stewart. real clean subways up there though.
Debt crisis were created by GOP to flare up people of America tempers against Obama just being black despite his well planned & well controlled policies. Figures have been given by Charles Riley@CNN NY Money on 07/29/2011 which are given hereunder;
After taking surplus from Bill Clinton ,Bush policy expenditure was
Medicare TARP Discretionary Stimulus Def Tax cuts
180 Bn 224 Bn 608 Bn 773 1.5 Trillion 1.8Trillion
Obama after takeover
152 Bn. 278 425Bn 711 Bn
Cost of New Policies after Clinton
Bush Policy 5070 Bn Obama for 2 years 1440 Bn
Obama has done very well despite being cornered by poor economy. Debt crisis is engineered plan to confuse the American people.
Its ok we lie to ourselves about whose in charge here too.
Have debt ceilings ever been raised with other presidents in the past? how and why was it done? if it was to prevent a default, what is different this time?
Lots of presidents have raised the debt ceiling lots of times. It's different this time because some ultra – right wing wackos are trying to use this to win the next election. Too many people are ill-informed, there is a lot of misinformation out there, and the internet and TV spreads it very quickly. People are being suckered and it is damaging the country.
The debt was at $5t when bush took office and more than doubled since he left. How is this any bit Obama's fault or even the little kids playing congressman??? How is it our fault? I didn't make a dime off any wars!!! Served in the Gaurd. But all soldiers just take orders. Bush went out of control with spending $. But I hope ppl know the economy already collapsed in 08. Now its over. But the fed has 15 Billion $ to loan other countries??? Strange, what's really happening? I'm not paranoid, I just want them to tell the truth. Are things going to drastically change or what. How to prepare if and when they do???
This country is a great nation the thing is that it was predicted that this would happen because this is Gods world and he predicted it in the bible that no one care to read even predicted that the nation would be devided in there thinking its all in there it also saids the we will throw are money onto the streets that in the last days men will be selfish with no natraul love the end of this wicked system of things has drawen near open your bible and just read it no man or men will ever fix these problems only one God Jehovah will fix all this world when you pray the prayer in Mathews 6,10 your asking God to bring his goverment hear on earth He has a plan the tme is near no one knows when only him but the sighns that he give us in the bible tells us its near He is the only hope men dont know how direct his own step the bible tells us Jehovah God is the only source to repair not only our country but our worlds problems jesus said that if we had faith the size of a musterd seed we could move mountains lets have faith in God read the bible and in prayer ask for understanding
BS – stop passing the buck – God gave you a brain -use it and take resposibility for your actions.
Americans tend to be very isolated from the rest of the world – we don't travel enough to foreign countries and see ourselves from a different viewpoint. All this squabble internally is largely from a bunch of people who do not have a world view at all, let alone a grasp on how our economy is precarious enough to take us down as well as other countries. This budget ceiling is nonsense and self-inflicted. We need to move on to the deeper problems. If you don't want to spend more money then don't spend it – now stop with unnecessary amendments and other election strategies.
Now see that gets my dander up. I have first hand experiance With many "Minorities" including "immagrant minorities" who feel they can get away with speaking about certain people a cerrtain way in front of me and are surprised to see my level of disgust and rage because of such comments. Dont get me wrong i imagine there are those who will use these events to look down at our president as an excuse for racism. Let me assure you that those individuals ARE in the minority.
Mr. Reid, Let the CC Balance Budget act come to a vote on the floor! My family has to balance our budget or else. You are playing with THE PEOPLEs money. This has got to stop.
Both parties are the blame and the people have turned against each other. Rather shameful! It irritates me when
both parties could compromise to bail out the banks because they were TO BIG TO FAIL..remember that! We even
bailed out some European banks and at the taxpayers expense, (us) but WE the PEOPLE don't matter so much.
So people, we've been reduced from a great country to THE DIVIDED STATES OF AMERICA and D-Day looms around
the corner and D stands for DEPRESSION which is a strong possibility. However, I still believe in the land of opportunity.
Here's the perfect opportunity for someone to rise up from the ashes and get in first and start and new industry that's cheap and effective, BANANAS with a proud stamp of origin...MADE IN THE DIVIDED STATES OF AMERICA...
I think our president should use any means he deems fit to pass the agenda he campained on. I agree whole hearted with every thing he said he believed. Now if the gop wants to take advice from tea baggers instead of there president then they can resign. Let the man through he is the voice of the majority.
This is the end of the world.Babylofollen fallen.woe to those who trust in her.fear God and obey His commandments, for the hour of His vengeance has come on the sinful world
The GOOOH party, that stands for Get Out Of Our House, wants to put people in the house of representatives like Sally the waitress, Joe the mechanic, Eddy the shoe salesman, and George the Baker. People like you and me.
But first you have to fill out a questionnaire and a pledge to vote as you marked on the questionnaire. The pledge is a legally binding contract. If you do not vote according to the pledge, you must forfeit $1,000 dollars to GOOOH and resign your position. No need to recall or impeach. The contract will hold up in any court of the land.
Working people know they can’t borrow their way out of debt. They know they can’t spend more then they earn.
They are real people who have had to be careful and plan ahead.
Right now we have a government of lawyers who have never had to worry where their next meal is coming from. They are not in touch with the real world.
GOOOH wants to change that by putting real people in the house.
Why the house? Because that is where all spending bills originate. Control the house with sensible people and you control the spending.
Our government has been on a spending spree for too long. Time to turn off the money spigot and get real. People talk about splitting the vote but if enough people see the value in GOOOH, then there will be enough to elect sensible people to the house.
Worried they might not know enough about government?
How could they do any worse then the “educated” ones in there now?
This is EXACTLY the Tea Party thinking and the reason why we can't get consensus on anything. Simple minded people who think they know how to govern but don't understand that they can't have everything they want. Simple minded people demanding that elected officials make no bargains. It is total nonsense. Our elected officials have to work with others and be able to compromise and work out deals or else we end up with situations like this. The Tea Party group, with its immature freshman Congressmen, is demonstrating an incredible amount of irresponsible leadership and reckless demands.
Are you on crack? You expect bob the builder, with no education in law to make laws? And the polarity of the parties iis whyy this mess isn't getting resolllved in the first place. You. Can't force. Sommeone to vote the democratic or reppublican wayy if theyyy honestly believve the other pparties. Approach is more efficient. I mean this is the most ridiiculous thing I've ever heard of.. I know alll the crazies come out when the end of tthe world seeems nnear but this is just beyond stupid
The rich didnt provide tax credits or deductions. TAX PAYERS DID!!!
This just shows the world that the United States has lost its ability to govern effectively. Congress can't get anything accomplished. It is apparent the country is in a state of decline. America's heyday has passed. Maybe its time for a new form of government to take shape.
This is the end of the world. Babylon has fallen.woe to those who trust in her.fear God and obey his commandments,as the hour of his judgement has come !!!
Right. i think theres another country who can come in and help us rebuild. oh wait thats already our money, oops.
I like China's response. Kidnapped by domestic politics. ha.
I've discovered one thing about CNN.com: nearly everyone who posts on the comments section is an infant. It's their way or the highway, and if an article even contains the name Barack Obama or John Boehner, all the ignorant little children jump - most likely without even reading the meat of the piece. You're the problem with America; perhaps moreso than our "leaders".
Well lets see where the money is going. I think we pay to much for those are sitting at Capitol Hill...well you know the others. To help the economy I think we the peolple should ask everyone(at Capitol Hill) to stop using whatever special perks they have(limos....giving "earmarks") or take paycuts. They don't need to take home 120,000 or no less than 90 or 80,000 thousand a year. Heck I would be satify with 70,000 a year.
If Bob Marley was President.....
The us would suck more than Canada
What is up with so much pessimism on this site? Not a single issue in the history of humanity has been solved with pessismistic views.
1) Not raising the debt limit does not mean US is going to default!!!! Geitner, to save our face, will have to pay investors first hence US does not default. Sure someone is not going to get paid, probably social security or medicare or something and that is awefull. It will also mean US will lose its AAA rating and that is again aweful and hence I sure hope they raise the limit.
2) Although it has lasted way longer than I thought, thanks to ULTRA-RIGHT tea-party, we should all(all Americans) should be thankful that both parties need each-other to get things done, that way they all need to come somewhere in middle and that is a good thing.
3) Stop saying terrorists won!!! Terrorists did not win anything. Bush threw us in to a war that had nothing to do with terrorism otherwise anywhere else, we have defeated terrorists. That Iraq war alone cost us, what is it, 3 Trillions? We would've been in much better place without that expense.
4) Lastly, we have been in this situation before. End of WWII we were at more GDP to Debt ratio and we came back up diddnt we?
OMG!!!! Bunch of cry babies....... When you lose faith in your country that is when you lose. Terrorists did not defeat us, only we can defeat us. Sure there is lot to be disappointed about but when you start talking loss and end of great country and what not, you lost already. Maybe it is because of yous(Josee language) we may lose.
Article 14 is not martial law, its a provision that keeps a political party from holding the economy hostage for political grandstanding. gop would actually still have the option to act not that they would. And if i could use my taxes and watch them heal someone id pay for that. And as far as electing tea Baggars, you kinda have to read between the lines when you listen to glenn beck. besides he does believe in democracy and that should prove it. if your all powerful why bother with discussion.
We had a president like that once. truly elected by the people. Andrew Jackson. last i checked history had him coming up short, something about human rights.
Time to formulate a new adhesive or superglue for THE DIVIDED STATES OF AMERICA called
the Central Party. This left, right argument is depressing and no wonder it comes down to this.
The cost of health care is through the roof. The wages stink. cost of living is more than a single person can support. The government is a joke. Why hasn't anyone left?
I dont believe the states are divided, or its people. special interests are trying to manipulate the government. It might work for a while but ultimatly there will be a united reaction from the people. There always is.
Default = revolt.
Our government has no leaders. Not anymore. It's time for new leadership.
With any luck we'll "discover" that Syria has WMD's and find another $3 trillion to spend in our "self defense."
Maybe CNN should send a copy of these articles to Congress. This isn't our political parties ranting- this is the opinion of the world community. They are destroying this country in ways no extremist could.
Not destroyed. just distracted.
Americans minds are all morally depraved and have had their heart vexed by a higher power for their ruin!!!
I wonder how many Tea Party members and lawmakers understand economics and know who John Maynard Keynes is? His theories got the U.S. out of the Great Depression – is this called Keynsian economics. Americans need know who this man and he is an important part of American history I believe. Americans have to study economics and history and need to know that sometimes government needs to step in and spend money in order to help its people. The lesson learned from the Great Depression was that government needed to play a larger role and could not be "hands off" because so many people remained unemployed. The unemployment rate was about 25% and 13 million were unemployed during the Great Depression. President Roosevelt gave the unemployed the CIvilian Conservation Corps to help young men work. Why don't our lawmakers restart this program to help the unemployed. President Obama is trying so hard to fight for all Americans- I believe this is true. He wants the U.S. to be strong and united. It is so sad to see our leaders fighting and not getting along. But I understand that Congress is designed to conflict. It's what I learned in school, but it's still difficult to watch. I hope that we will survive. I hope that Tea Party members open up an Economics book and read about the Great Depression and John Maynard Keynes.
Our government is completely corrupt. We try to raise taxes on people but the senate is just a bunch of greedy political idiots so then we have to find another way to solve the debt while Obama continues to dump money into other countries quarrels
Americans minds are all morally depraved and have had their heart vexed by a higher power for their ruin!!! And you are not in agreement with the truth, you will pay soon!
You are insane. How's that working out for you?
There are 3 things that must be done immediately to avoid this default. 1) Increase our debt ceiling by ~ 2.5 trillion, 2) Must increase taxes substantially for a period of time, and most importantly 3) CUT the gov't spending by ~ 25% for a period of time.
Don't have to have much of an education or be a politician to figure out the obvious.
Did anybody REALLY checkout Obama's birth certificate? Just not kidding.
Perhaps those t partier's will learn from this before it's too late . . . but I doubt it.
5 trillion spent on the war on terrorism and nearly putting the US in default or ceiling limite. 5 trillion down and Al Queda is taking Egypt and wants to turn it into a islamic state with full sharia law. like saudi arabia. muslim brothers in egypt is the al queda network. it's a 'network'...the one in pakistan was a cell.
no end in 1 trillion military budget or 500 billion/year in military in war on terrorism. al queda cells are taking over egypt and making it a islamic state like the taliban took over the afghanistan in the 80's
war on terrorism 10 years and it's worse or same as ever. more terrrorist stronger and more financed as ever.. the islamic clergy imams are loaded with cash from donations tax free. funding the islamization sharia law in egypt and europe and america.
americans don't even mention that the 5 trillion nationa debt was from the 10 year on terrorism two wars that is a failure...and islamic militants like al queda is stronger than ever in middle east and egypt and afghanistan and pakistan..osama bin liden alive for 8 years and 5 trillion later he is replaced.
We say to much about the rich not paying their fair share of taxes, they don't have to,they buy their way out of paying them(taxes); by buying the Congress with aids they call lobbyist!!
al queda is network and the anti-US militants are as big as ever..even stronger and more financed than ever. the imams and mosque financed the muslim brotherhoods in egypt..
muslim brotherhood ===al queda just different name same network.
muslim brotherhood===Taliban.==al queda....5 trillon later and this is what US get..it's biggest democratic country in the middle east overthrown taliban anti-US regime...good work. NOT
What they promised is not what they are doing,what we chose them for is not what they are doing, the job we gave to them is not what they are doing. We who chose you are very disappointed. Even if there is a compromise, we won't trust them again, this is it we will fire them. I hope they will not come back to apply for a job. We are all embarrassed, R n D and Ind.
I can't understand why it is so hard.
To me it's clear that the solution to the US-deficit-problem is a combination of spending cuts and a raise in revenues. Right now the USA are a country with a dysfunktional government and standing at the edge of a national default largely because of partisan interests.
I planned to spend my vacation next year in the US but have decided not to book. I want to have a fun and worry-free holiday and not be confronted with closed shops and people in fear of loosing their jobs.
Greatest country in the world? No, far from it.
But I still hope that a last-minute-deal can be struck and that the USA will have a stable economy again.
Greetings from Germany
cuts in police and prisons,and military which is 50% of taxes is 'unamerican' less gov't is better gov't...gov't is too big and exensive.
Maybe if the elected public officials in Washington cannot come up with a solution by the deadline they should not get paid because they are not doing the job they were elected to do. The senior citizens and the military of this country should be paid because they have and are doing their job. It seems that the politicians in Washington are so out of touch with real life it just might do them a world of good to skip a few paychecks, then maybe they might be able to manage our tax dollars better and quit wasting so much of it.
We say to much about the rich not paying their fair share of taxes, they don't have to,they buy their way out of paying them(taxes); by buying the Congress with aids they call lobbyist!!So cnn believe in sensors are better than the truth!
al queda has volunteer soldiers and and is fully funded by donations to mosque..how do you think 3 countires in lybia, syria and egypt all going down..it's the al queda network. at work in middle east.
there is no solution..the spending on police homeland security and military is same as it was in world war 2..state of war military budget.
war destroys wealth and that was the goal of the terrrorist bankrupt america with constant wars.
war on drugs, war on terrrorist, wall street bailouts, and healthcare....triple whammies and it's recession..too..
but gop don't want increase corporate tax rates. but continue fighting 500 billion war and continue police state more prisons in private jails.
It is amazing, In Greece they had public strikes, protests and etc. The same in spain. Here we have a bunch of 50 and 60 yr olds whining at each other......does anyone in America really care!!!!
Or are we just so tired of the same old non-sense......we've become numb to the whole thing.
americans have become relying on the gov't for everything...less gov't is better gov't..but americans want more gov't and more gov't spending but nobody wants to pay for it.. NASA is to privatized. another useless bureacracy today. DEA putting too many american in prison (police state) military state. welfare state.
And the gov't is corrupt too as it 's infiltrated by special lobby interest grousp from wall street and pharma and unions...fascist state where laws are for the special interest groups and ruling class.
big pharma and prescription drugs for healthcare is a ripoff..americans pay the highest cost fo healthcare. ripped on drugs and care in PRIVATIZED HEALTH. It may be covered but patients still get ripped on drugs and cost..health care is just funding and coverage but it's still a ripoff.
I don't think our democracy works. There are good politicians but there are also bad ones. I mean, if we think about this objectively, what does this country want? To prosper and continue. How do we do this? Politicians must create and pass the CORRECT legislature. Yes, I'm speaking in absolutes, but that's sort of what this is about. Do we want our economy to fail or not? Back to my point: We need the correct legislature passed. Unfortunately, there are two parties trying to push different agendas. Ultimately, one agenda will be better for us than the other, but that's not easy to see in the present. Unfortunately, the politicians with the wrong agenda get to cast their vote with the same weight as the correct-agenda politicians. A storm of nullified votes and movements follows and nothing ****ing changes. Ever.
Obama is two face! He pretends to work with america but the truth is he works for muslims. This country is going down. CEO's should be shot on the head. Fack the democracy that their implementing to other countries. We gave them billions of aid so they can implement but all they do is take our money and do nothing.wars wars wars, fak them all if they want to kill each other let them kill each other! Us getting involved is none of our business. We got so much to worry about here in our country.
Mostly what we have to worry about is people like you.
China is skep...I don't trust them they will be the new Soviet Union....watch...cold war 2 coming soon...or has it alredy begun?
Are problems started when Lincoln would not allow the south to secede, which it had ever right to do, and started a long and bloody war that was never about slavery, but state rights. With that said if this country does not shape up soon I will secede from the union.
Please do.
The GOP has been hijacked by idealogue extremists. The Tea Party keeps making threats to ensure the entire party does what they dictate.
Guess what tea baggers! You are not the majority! You aren't even a majority in the GOP! Stop your childish stubborness or else form your own damn party! Oh, you are too chicken to do that! You just want to ride the GOP and exploit it for money and power while contributing nothing!
Contrary to popular belief, most of the US national debt is not owed to foreigners, but to the Federal Reserve and intragovernmental holdings, i.e., it's debt the government owes itself.
Another popular misconception is that raising the debt ceiling would bring the debt closer to that scary ceiling of it becoming 100% of our economy at which point we would go bankrupt. Many otherwise healthy economies in the world have public debts well in excess of 100%. Even the US had that back in WWII when due to governmental spending in the war effort the debt skyrocketed to 120%. This in turn laid the foundations for a huge economic boom that was quickly capable of repaying much of that debt. (and they say government spending doesn't create jobs... complete nonsense!)
Finally! The only comment here from someone who knows what they are talking about. Read this carefully again. The majority of our debt is to the FED.
It amazes me that just about any one of us commenting on here could probably come up with a better solution and fix this problem than the morons in Washington. 1 million dollars to study butterfly migration, 2 million to study effects of cocaine on monkeys, etc etc. STOP WASTING OUR MONEY!
Congress is disgusting is it not? Corrupted AND disgusting.
Never thought there would ever be a worst president than Bush.... until now!!!!!
It's wholly unclear what your criteria are, but if perhaps you could post some reason for your sweeping conclusion, a few of us could help you understand why you are concluding prematurely. Obama has not fixed - or not yet fixed - a lot of problems he inherited. However, the proposal to cut $3 trillion in expenses and raise taxes $1 trillion over a long period is a step in the right direction on the deficit.
Nor should we forget what got us there: two stupid wars, the damage to the economy under Bush, and then both Bush and Obama funding bailouts. The bailouts, most experts agree, prevented a worse crisis but saddled us with a lot of new debt. Obama's healthcare plan was only a halfway good idea - we would be vastly better off with Medicare for everyone - and the timing was not the best.
All that's a far cry from two expensive wars and an economy crashing, which are Bush's legacy.
Time to disband the US congress. It is a useless tool that is more interested in political party interests than the citizens of the country and obvious the rest of the world. Google disband the congress – people are already talking about it. Think of the money that would save!!!!!We have a Senate and House Of Representatives. If congress can't get it's act together disband the whole group anf move forward. It's time.
And replace them with what? A dictator in the White House?
Your comments reveal that you have no ability to see to the center of the problem.
I cant help my country. I dont pay taxes because I'm unemployed. I heard they were willing to accept blood donations to help bring the deficet down. Where do I go to do my part?
Government shouldn't be spending money when they don't have the money. Pay off China, stop supporting every country (THEY ARE BIG BOYS), stop Supporting illegal immigrants who come to our country and takes advantage of our system. The American people work too hard for those who take advantage by doing nothing . America is being a push over. MAN UP!
With what we are doing now we have already told the world we can't be trusted. defaulting is the worse option available and those who support such an act should be hung as treason. I say that bc if we default it is not like will help anything or make our bills go away- in fact they will double and triple. A default will not only hurt us but the entire world (does the USA have any responsiblity to world we certainly act like it is ours). We will still have the exact same bills and obligations but now it will be with a higher interst rate which means higher payment but at the same time bc of a default our dollar will be worth even less so countries will demand our debt be paid back with something other than the dollar so really our payments will become even greater bc of interest and a dollar that won't be worth 10cents. So how would defaulting help us at all? Just go max out your credit card then default on it and see what happens to your monthly payments then- the balance will stay the same but your monthly payments will go way up and this is what will happen to us we will be paying much more but making way less headway with every payment after a default. The USA should pay it's bills first then talk about spending less. This lets just default is insane, but I suspect that is what is wanted to force the world to a one world currency as that will be the only solution to mess we will be putting the world in.
If america adjusted its tax income and its military spending to be comparable with western europe, then I guess we wouldnt have a crises.
Guess what, the Tea Party people in America have been here long before this administration.
They are called Native Americans, and others spread all over this country from ALL NATIONS, now AMERICANS!
We will NOT ALLOW the government to become our dictators. We trust in GOD, not government.
This is what America is from the start, and will remain.
So may your god be with you and your country. Hope it solves the problem.
Jez....
Please keep your god out of our government.
Lib rhetoric? First off, lets make it clear that not everyone who disagrees with the Tea-Party is a liberal. The assinine misuse of that word is so dumb that it is pathetic. And stereo-types? This new use of that convuluted logic is laughable. The Tes-Party stereo types the poor, people on unemployment, muslims, other Christians who do not hate everyyhing they do, and anyone with an ounce of common sense. I am utterly embarrassed that this country has let a bunch of thugs that really are no better the the KKK, or the Nazis have any control. Not to mention they appear to calling everyone communist, Nazis, etc who do not think in their terms is sooooo embarrassing because it shows the world how ignorant, narrow minded, and ridiculous they are. There is no other gruop in this country that act more like those particular groups then the Tea party. But, self awareness takes intelligence. The only good thing about all this is that over the past few months they have shown the rest of the country exactly how ardent self centeredness and ignorance can effect the world........they will be gone, and hopefully more centered common sense on bothsides will prevail. Let's just hope it is not too late. And, BTW, the origanal Boston Tea-party was over monopoly.....not taxes idiots! All the Tea Party is is a bunch of angry bigots who listen to Fox News to get more angry over whatever those jerks tell them to be angry at, and not one ounce of it has anything to do with anything other than a bunch of people who should be attending anger management.
Shame on you America. Anywhere else in the world your right wing would be seen as total lunatics. To even consider someone like Bachmann is laughable. Do you not realise the entire world is laughing at you and the tea party.
If there is any justice in this world this will destroy the GOP's legitimacy as an viable alternative. HOW can it be right to have massive deep cuts that mostly affect the poor without asking for one cent from the Rich. Everyone else suffers apart from the people who caused this mess in the first place. Someone please explain how that is right? The whole American value system is just wrong. Land of the Free hahahahahahahaha Land of rich religious extremists more like. I feel very sorry for the millions of normal Americans who are held hostage by this fiasco. Oh and thanks to this most of my hard earned savings will go down in value as the Markets crash. Thanks America.
Our fine example to the world on Democracy and how it doesn't work.
Most people don't realize that both repubs and dems are part of the same 2 headed snake. They are creating an illusion of money that hasn't been there since the federal reserve corrupted out government further.
We need to end the fed and take control of our monetary system through the United States of America. Since we all have fallen for the evil that the international banking cartel has thrown down on us this is finally the reality we face. The United States has created the largest Ponzi scheme ever with inacting fractional reserve banking along with high interest imposed upon by an international banking cartel that has been bringing down nations for centuries. Do you research google the Rothchil. Family they are the ones that started this along with other illuminati in Germany. I undertand and have studied this as well am part of the Bauer bloodline that is related to the Rothchilds way down the line. These people are evil and until we understand the real truth underlining the predicament we will be told the red team hates the blue team and we should are fight one another. Putting the masses up against one another is what they want to do. Keeping u distracted while they loot your home equity,401k, extract labor by % rates on your credit cards and taxes.
Yes the illuminati does exist people do your research this will tell u why the things are the way they are today. BTW mainstream corp media is their megaphone to spread their propaganda.
Down with the illuminati and on with the American people to take back our country for good.
The Tea Party GOP members of Congress are holding the government and the country's future hostage unless they get things 100% their way. This is extremism bordering on terrorism. A gun to the head mentality. The patriots who held the original tea party would be outraged at what the current Tea Party has come to mean. Dictators, not protesters, in their own infantile fantasy world.
Elijah Muhammad said years ago, the fall of America would come from within when her dollar has no more value, yet those inside & outside the US scoffed it off, now she's in slow decline. Just look at the war in Libya, the brunt of it is due to staving off Libya's attempt to do away with dollars & instead do business for gold, something the West, neither in Europe nor the US has an abundance of, both looking at financial instability. Also look at her greed, we just came off the worst environmental threat since Exxon, with the BP spill, it was 1st reported that the cost of cleanup would send them to the brink, yet they still managed to post record profits. War after war hasnt been cheap either, many of which hadnt anything to do with the safety of this nation, but to either steal the resources of others or manipulate the market, such as oil, if most of the US' oil comes from Latin America, why do we continuously involve ourselves in Mideast affairs, bcuz OPEC is dominated by Arabs & the Sauds are both reliant on our business & the lead voice of it. The Sauds even recently admitted that we'd prefer if the US didnt pursue better mpg for their vehicles, that would be disasterous for us, now even amid her imminent meltdown, rather than formulate their own economic structure not dependent on any foreign world power, jackals still clings to the rotting carcasses left behind by vultures.
Start first cut from congress. Cut their salary and all other benefits by 25%.
All government department budget by 10%
This is not a problem because Americans waste too much money.
Cut American aids to other countries by 25%.
All these cuts will reduce the waste.
Tax breaks only for the corporations that creates new Jobs in America not in China or India.
Increase outsourcing corporation tax by 10%
Government program, too much talking and propaganda instead on real work. Therefore cutting 10% will stop unproductive talking.
Every $.1 spent must generate real cash $.10.
Get back to real work. This should start first from Politicians. Politicians must wakeup and show their leadership. Tea Party already wasted too much time, money and credibility and already destroyed too much American real working people retirement money invested in market. This is the only accomplishment by Tea Party.
CUT EXPENSES
INCREASE TAX
BOTH MUST WORK TOGETHER. NOT ONLY ONE SIDE.
NEED NOT BE INTELIGENT TO UNDERSTAND THIS CONCEPT. NO NEED TO TALK TOO MUCH AND WASTE MORE.
STOP TALKING START WORKING!
Outsource the running of america to the Chinese.
The solution is not to increase debt ceiling, not to borrow money from foreign countries, but to have a policy that allows other countries to invest capitals directly in this country, thus creat jobs. The policy to print more money has never created any real jobs, but created a few insane riches.
If American credibility and leadership is lost no investor will invest in America. Therefore current problem of debt ceiling must be resolved immediately to build American credibility and leadership. Cutting expenses and increase taxes must start immediately after resolving the current problem. Current problem is to pay for the expenses already committed by America. Talking will not resolve this problem. Need action without weeks of talking.
Liberal Democracy is bringing countries down all over the world. A government can't be all things to all people. It just won't work and the result will be catastrophic for all. Who's going to feed the poor when the rich are no more?
We are probably viewed as children in a sandbox – and that is exactly how our government is doing their jobs.
we are idiots.
republican, democrat, whatever.
hope the prez has the balls to hold the union together.
The 'evil' republicans have passed two versions of bills to fix this and move forward, just to have the democrats shoot it down in the senate. How many versions have the democrats passed and had the republicans shoot down? ZERO. To peg this on republicans the democrats would have to be doing something constructive to fix the problem, and they arnt. I dont belong to one party or the other, i vote common sense, like most of middle america, and right now the republicans have at least acted and not just grandstanded against the other party while making no meaningful steps forward like the democrats. Wake up and work together!
This is a good example of how the send haven't passed anything since they have taken over. Anything that has been done has been because of the republicans. I agree with you.
Yup, two bills that do NOTHING to fix the problem.
I would have vetoed them also.
Why can't our political leaders stop being selfish and see the impact their choices are going to have? They all have am agenda and they don't listen to the people who elected them. If they keep doing this they won't be in office for very long because people will want to put someone in who will listen and do what the public wants. Here is what the public wants: Stop fighting and bickering. Play nice and pass something. Preferably something that reduces spending and has a balanced budget. The idea of spending money we don't have is what got us in this mess in the first place.
Democrats and Republicans née to realize that if they don't agree on a plan by August 2nd, that both of their parties are guIlty and better not begin pointing fingers at each other. A Repiblican got us in this mess in the first place: George W. Bush who when taking over the presidency from Bill Clinton, we not only had a balanced budget, but also a surplus. W. Bush and his congress' spending got us in this mess that Barack Obama and his congress had the pleasure of inheriting. However, instead of improving things, they have made them worse. Perhaps it's time to abolish all political parties in the U.S.A. since all they want to do us act like spoiled children and replace all our leaders with independent thinkers with common sense that will put the needs and wants of the American people over their own political agendas.
A message to John Boehner, my employee.
Ok Boehner you work for me, so sit down and listen up; I earn 90k per year and my country needs my financial help. (Since I AM my brother's keeper). So, raise my taxes and, yes,yours too. Don't reduce social security or medicare payments to seniors (God bless them and keep them while these creepy eyed idiots are in Congress). Sorry, I got off track for a minute. Next, put a committee in place to review government over-spending and to insure proper spending. Select a few random taxpayers to be included as part of the committee along with elected officials (and the panel can't be composed of old white red necks, sorry). Lastly, reduce your salary, John Boehner to the same as mine! (How is you make more than the average American and we pay you! It's just creepy). And finally, punch a timeclock John Boehner. I need to know that you are working and not out working on you tan on the golf course while I'm paying you with my hard earned tax dollars.
No more blank checks for anymore.
PS Hang in there President Obama. John Boehner, my other employee got out of line and forgot that you both work or for me.
Well said Deborah!
RAISE THE DEBT CEILING ALREADY!
The budget is the real problem and the root of the problem is the same as the cause of the obesity epidemic. Americans eat (spend) too much and do not exercise (tax) as much as they should to keep up with their eating (spending). As a result they get fat (debt) to the point where they are actually obese ($16T debt and counting). If you don't know where I am going with this analogy then you might be part of the problem.
So it's pretty obvious what needs to happen, change the eating habits and exercise more, spend less and/or tax more. Start with cutting out the junk food (ear mark spending). Are you sure you are up for that America?
And make all those tea partyers get rid of their gold! I am pretty sure there is a conflict of interest there, none of these politicians or their lobbyists should be profiting off the debt ceiling debacle. They need to put their money where there mouth is and believe in the full faith and credit of the United States Government and the Almighty US Dollar. To do otherwise is borderline treason in my opinion.
I am going to start a third party.
The Beer Party.
Any takers ?
What's lost in all this is Obama inherited a budget deficit of 1 billion a year. Through his term the national debt would increase 4 billion because of the prior administration. The prior administration inherited a surplus of 275 billion per year. Bush said lets give the surplus back to the taxpayers instead of paying back the borrowing of 200 billion a year from Social Security's surplus. He did with a tax cut that everyone says the majority went to the top 2 % of taxpayers. Seven years later before Obama took office ,the top Economists were talking Depression worse than 1929,nationalizing banks, etc. Talk of problems with Social Security never would've occurred had he used the surplus to pay back what was borrowed from the American people. During Bushes term That would have added 1.5 trillion to Social Security. The only problems with Social Security is borrowing from it. No one addresses that. Is paying back the borrowing from SS part of the National Debt.
I just don't understand why the teabaggers people would want to see no taxes increase and/or have their benefits cut. Meanwhile, the majority of them make no more than 5 figures. Further, the first person that started the tea-party movement right now living off of government Medicare and medicate. How ironists is this? On the other hand, if this country goes into default even the "rich" the one that brainwashed all the teabaggers will loss more than the average Joe. For example, their stock will plummet, interest rates will raise, people go homeless so in the end the people that doing all the brainwashing ended up hurting themselves the most!
Has anyone seen my wand?
All I know that is where I've been, if you run up a debt and you don't pay, you get smashed! So look out! Be on your toes.. someone's got to pay.. and its going to be the citizens.. of this country!
I think this country is going down hill because of the wars..not to mention the retards in washington.they need to come togeathet for once befor they destroy this country
What I don't understand is, if our government actually cares about us. Why don't they take a huge pay cut. All they do is sit and drink tea all day. Congress needs to make no more than 50 dollars a day until we have TRUE leaders. But until then, they are all fake. We might as well have manakin's up there. They need to figure or problem out before chaos occurs.
I am fed up with outsiders trying to buy America. I am fed up with our government putting us in debt loaning money to corrupt foreign governments, never to be paid back. All we need to do is stop paying for eveyone else. I am fed up with other countries stealing our technology and industry. Finally, I am fed up with CNN and all the others trying to scare us. It's not working.
Most Americans believe that because they have an opinion, it should matter and be impactful, regardless of whether the opinion iswell informed or baseless. There was a time when more people would defer to those who had more knowledgeable on a subject or bring themselves up to speed on a matter before taking a position. No more. Sadly, as can be seen on many comments here, many don't even understand what is the debt cealing. They appear to believe it allows the US to incur more debt, rather than allow the US to pay the debt it already contracted for and incurred.
Following this logic, next time I need to make a decision on a medical or legal matter, I shut put it up for opinion to the American people, or their representatives. I would probably end up with an amputated arm when all I needed was a rash cream. Knowledge, understanding, and learning matter when dealing with the complex dynamic issues concerning our economy, including issues such as the reputation of the dollar, the impact on the US ability to borrow at certain rates, bond holders, and exactyly what the debt ceiling does and why we have. This is not a one dimensional chess game. However, if you are fairly ignorant and myopic, you can make it one.
To have a vibrant democracy, you not only need the citizenry to participate, but you need a well informed citizenry (see debate between Jefferson and Hamilton on the one man one vote issue). The US has the former, but to its great detriment, lacks the latter. Where is it said, or where has it been proven, that ignorance breeds something greater than ignorance.
Where has an uninformed, ideological, ignorant population ever triumphed in history. The founders were educated and knowledgable. George Washington warned of foreign entaglements because of his knowledge of European history. And, the framers, with knowledge of this history, created tools for funding and declaring war to keep this in check. Had Bush had a better knowledge and understanding of the middle east, we may not be there now. From the invasion to the war strategy, it evidenced a complete lack of understanding of the middle east. Just one of the little things where education and knowledge can make a difference. A man more knowledgeable in these areas, would likelly have made a different decision because he had a more wholistic understanding.
The ignorance of the American people will be its downfall.
It is funny that the people who stand to lose the most if we default are the very rich people – yet they will not take a 3% tax increase and instead want poor people to die horribly for their cause. But that's not the funny part. The funny part is how many poor people are ravenously in support of this, just because Obama is black. Silly racists...
What's lost in all this is Obama inherited a 1 trillion a year deficit or loss from the prior CEO Bush.This was going to add 4 trillion to the National Debt during Obama's term regardless. That's like a relief pitcher coming in with the bases loaded and being charged with those runs. The CEO before him Clinton had the country operating at a profit of 275 billion after 8 years of work to get there. Bush decided to use the surplus for a tax break for what the media says benefited the top 2% of taxpayers. It obviously should have been used to pay back the borrowing of 200 billion a year from Social Security's surplus. That could of added 1.5 trillion to SS fund. 60 months after the tax cuts, Economists were predicting a Depression worse than 1929.That's when Obama took over. His stimulus may not have added a lot of jobs. The most important thing was confidence returned which was worth many times over the cost because everyone started to spend again and a Depression was averted.
The truth is.......the rest of the world has been taking advantage of the US, and its propensity to try and police the world, and influence everyone around the globe, for decades.
The US is going to better off, if We stop allowing other countries to take advantage of us, expecting us to step in and spend, spend, spend, to fight THEIR wars, and to give them disaster AID, and to give them economic AID, which is bankrupting the US.
When we allowed Corporate America, to stop making products, and basically close their factories, and send it all to China, or elsewhere off shore, we signed our own death warrant. We have committed suicide, basically, and we have no one to blame, but our own government, who watched silently, while Corporate America sacrificed our country, for money.
Even now, with all of this debt ceiling fight, Reid has fantasy, phantom spending cuts, to the tune of a trillion dollars, that aren't real. His bill cannot possibly be passed, because he isn't cutting spending. Quite the contrary, his bill would result in 2.5 trillion more, in our debt, which is already astronomical, and will take an entire average lifetime, to retire, if we started right now! THE DEMS THINK THAT MONEY GROWS ON TREES.
The middle class in America is being wiped out.
The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America.The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.
So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.
Here are the statistics to prove it:
• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
• 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don't contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
• In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
• The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
• In America today, the average time needed to find a job has risen to a record 35.2 weeks.
• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
• or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
• This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 – the highest rate in 20 years.
• Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
• The top 10 percent of Americans now earn around 50 percent of our national income.
Giant Sucking Sound
The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool.
What do most Americans have to offer in the marketplace other than their labor? Not much. The truth is that most Americans are absolutely dependent on someone else giving them a job. But today, U.S. workers are "less attractive" than ever. Compared to the rest of the world, American workers are extremely expensive, and the government keeps passing more rules and regulations seemingly on a monthly basis that makes it even more difficult to conduct business in the United States.
So corporations are moving operations out of the U.S. at breathtaking speed. Since the U.S. government does not penalize them for doing so, there really is no incentive for them to stay.
What has developed is a situation where the people at the top are doing quite well, while most Americans are finding it increasingly difficult to make it. There are now about six unemployed Americans for every new job opening in the United States, and the number of "chronically unemployed" is absolutely soaring. There simply are not nearly enough jobs for everyone.
Many of those who are able to get jobs are finding that they are making less money than they used to. In fact, an increasingly large percentage of Americans are working at low wage retail and service jobs.
But you can't raise a family on what you make flipping burgers at McDonald's or on what you bring in from greeting customers down at the local Wal-Mart.
The truth is that the middle class in America is dying - and once it is gone it will be incredibly difficult to rebuild.
Does any one listen to Peter Schiff? He has been telling the straight up truth sense the getgo. The default is going to happen. The longer you put it off the worse it will be in the long run. Time for a reality check america.
I think that the it all a social sham what happen to for the people . Just let it all fall they don't care about the people and why has are president not just veto this. I mean
Just another sign of prophecy fullfilled: the worl will have only one currency and a micro chip on their body,one passport,one system,one leader. The markets will not crash and currency won t fluctuate in value. Sadly,it is the way we re heading. The world screams for that system. Oneworld.
I am not sure what the world thinks, but I know what I think. The Republicans our throwing our economy down into a recession.
The world now see what fools, Americans really are!! Any President who helps the poor is an idiot, our present President always talk about the middle class, this is the USA not India, we do not have a class system or do we! He who give to the poor, lend to the Lord!
No. The world sees you as a fool. You are suffering from fear induced psychosis stop listening to the Beck Limbaugh crowd you will be a lot better off.
Bush helped Obama by being the best President ever!
New world order! Wake up people. Remember the amero?? Its coming. United nations stations all over the us already!!! Grab your guns and get ready. Ill put up a fight. This crap is all bs.
Let the very,very rich see how the poor live, after the fall of the Great USA!!! Welcome you new comers to the poor world!
So what's everyone going to do about it other than waste their time whining about it on the Internet?! That's right, nothing!, but bend over and take it in the behind as usual! Americans have no balls!, most are lazy, fat and stupid!, just the way the government made and wants you to be!!!
and of course you are whining on internet get some cheese or a real life.
Probably the most brilliant, real comment on here!
The govt Obama wants America to hit a double so called dip recession on Aug 2
Here is a simple response from Americans (republican or democrat) to Washington if they don't get it done by Tuesday – we don't vote for a single sitting rep, senator or the president next time any of them comes up for reelection. Over the next six years we clean out Washington entirely and gradually start over.
That's how they view it.
I think everything 'll be alright. D congress 'll resolve d issue at last n all things 'll go back to normal.
Give power back to the states, we need less federal government,these people have nothing on common with us. See how they have us fighting against each other, this is what they want. Remember this during local and state elections,dont be like us idiots in seattle wa.
IF IT BOTHERS YOU SO MUCH WRITE YOUR REP AND TELL THEM TO COMPROMISE!
The facts are clear if america can not meet agreements by the do date then the world economy will crash and before that happens Americans i got one suggestion to all 350million of you its time we stand up for our rights truly its time we are the ones who march to Washington and show our congress who is boss and who owns this country not them we do the Americans its time we take our stand and we take it now no longer shall we suffer the indignities of how they run this country its our and we the american people all know we see our government unfit on how it is ran and its time we take it back and follow the declaration in which it was built upon.
I can't pay my bills.. Can I have some more money please. Ok, I'll give another thousand. Thanks!...............................................mmm I ran out of money...can I have some more... what did you do with the money I gave you? Ok here is another thousand. Thanks!...................mmm I spent more than I had...can I have some more money.. you can take it out of my sister's allowance. Ok, But you better get your costs under control, here is some more money. Thanks!....mmm I spent the money at a Cowboy Poetry event in Reno. Can I have some more. pleeeeeeease? NO! YOU DON'T GET ANY MORE THAN YOUR ALLOTED ALLOWANCE AND I WON'T TAKE ANY MORE MONEY AWAY FROM SOMEONE ELSE SO YOU CAN WASTE IT AWAY. NO MORE NO MORE NO MORE!
Maybe invading Iraq for not reason at all and killing over 800,000 women, children and old Iraqi folks is the reason our economy is in such a mess. Why is bush and Cheney walking free?
I may be young, but as a 17 year old, all of this economy problem is really being a pain in the ass. congress needs to realize that time is running out and if they dont make the rite decision within 2 days, all of their money, which they care for so much, will be almost completely worthless. why the hell did they have to borrow so dam much money though, really? 14.3 trillion! what did we do with it all! thats my biggest question.
I'm sure they'll be nervous if our debt continues going up too.
Instead of writting things on these blogs, how about u lazy fat americains get off ur butts and start protesting ur government. The USA could learn a lot from the arab springs. Stop talking and start acting. Love from ur friends to the North.
When families run out of money, they sell assets. The U.S. could sell New York city and San Fransisco for starters.
Haha yeah right ... sell two of the biggest cities. I smell a liberal jab in there somewhere. We could also sell off Texas and most of the South.
Why don't you just invade another weak oil producing country as usual and collect their money? I thought Iran was earmarked for this purpose or is it China who is keeping you in check?
This is just crazy. Something needs to happen. I know plenty of people who depend on social security, medicare and medicade every single month so quit being a bunch of babies and get this figured out and quick the dealine is near. One way to save us money is to stop giving money to other countries and start helping AMERICANS out. I have busted my rearend for a nmany of years and now I'm being told that I might not be able to work in the next couple of years because of physical problems. I know alot of people out there need our governments help and I'm fixing to be one of them (as much as I hate to admit it) but its true. Stop the argueing and start making headway for the good hard working people of THE UNITED STATES of AMERICA and quit thinking about filling your own pockets. This is the most powerful country in the world and we can't even take care of our own people. Please President Obama and the rest of the government listen to the people of AMERICA we are begging for yalls help.
Hi, US is such a divided country; Tea Party, Republicans, Democratic; some states allow gay marriage, abortion, drugs; some groups prefer not to pay tax, invade other countries and set up colony...etc. It may be better for US to divide the country into 2 or 3 separate countries and see which one is better fit for the Americans. US has established: North and South Korea, China and Taiwan, North and South Vietnam., Israel and Palestine....! Then the world do not have to suffer the last 6 weeks of Debt Ceiling debate NONSENSES
WHERE DID THE JOBS GO ?
In 2010, we imported $364,943,900,000.00 worth of products from China.
In 2010, we imported $229,907,900,000.00 worth of product from Mexico.
In 2010, we exported $91,880,600,000.00 worth of products to China.
In 2010, we exported $163,473,000,000.00 worth of products to Mexico.
Of the exported products to Mexico most were products to be used in assembly’s
for shipment back to the U.S. Let’s use 50%.
For the ease of calculation, lets say all products from China had a cost of 50% material,
20 % labor, 30% profit.
So if we multiply 20% times $364,943,900,000.00 we get $72,988,780,000.00
The average assembly worker in the U.S. is from $50,000.00 to $75,000.00.
If these products were manufactured in the U.S. then
$72,988,780,000.00 divided by $50,000.00 equals 1,459,775 jobs
$72,988,780,000.00 divided by $75,000.00 equals 973,183 jobs
The middle class in America is being wiped out.
The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America.The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.
So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.
Here are the statistics to prove it:
• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
• 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don't contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
• In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
• The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
• In America today, the average time needed to find a job has risen to a record 35.2 weeks.
• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
• or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
• This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 – the highest rate in 20 years.
• Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
• The top 10 percent of Americans now earn around 50 percent of our national income.
Giant Sucking Sound
The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool.
Too true.
Is funny how cnn asking how the world sees US?I don't think politicians give a damn how the world sees US as long as they gain a political ground.
Wow, I have no idea what is worse, The politicans in D.C. or the American people. Just seeing the responses being posted makes me think that the main problem is not just with our government. We seem to be more focesed on who wins than solving the problem. No matter what is passed, we will be at the same place just down the road. All we are hearing if just talking points not how it truly works, and I want to know what else has been agreed to behind close doors with these bills.
You know what. Just send me their with a camera crew( so that the public knows that I'm not playing with them). And solve this problem that seems to never end. I am just tired with government telling us that they are the only ones that can fix this. If government was that great then they would not get power from the people.
We need real solutions not talking points or promises. Stop making the people afraid of it and telling them who is to blame for it because both sides are not clean. Just stand up and say, "blame me for all the problems, now lets all come together and see what we can do for our Country."
I have spent the past hour reading all of the posts here. Some have made valid points. Some points made here are just foolish and ill-informed. Let's look at the obvious:
1st- Most of the people that run our country are elitetist and are in it to achieve thier own agendas, be it for power or money.
2nd- For too long the U.S. has tried to be the world police. In doing so, not only do we spend vast amounts of TAXPAYER money, but also end up alienating those we try to help more often than not.
3rd- We have become THE free bank, that is to say, we give away way to much money to countries that never have to repay the "loans" we provide. The burden is in turn put on the taxpayer only to have the countries we make loans to turn around and bite us.
4th- Illeagal aliens recieve benifits that they have no right to. Why should the American taxpayer provide free health care, education, ect. to those here illeagally?
5th- Our government consistenly, to get a vote on legislation, cuts deals with states to build "bridges to nowhere".
6th- Why do we worry about being protectionist when other countries manipulate thier currencies?
7th- We give tax breaks to corporations that export jobs that support the tax base. No jobs, no tax base.
8th- Why is it that we allow politicians to recieve a retirement benifit for having served only 1 term? Why do we allow them to vote for thier own pay raise? Why do we not have term limits? The only job I know of where you can screw up and not get fired.
9th- Why do we not use the money we send overseas for our crumbling infrastucture? This alone would create jobs, expand the taxbase and improve the country as a whole.
10th- Why is it that our millitary may not get paid, yet congress will?
The list could go on for pages. I have served my country in 2 wars, paid my taxes and have done all I can to be a productive member of our society. The U.S. is a great country. But it is being torn apart by political folley and greed. It seems as if our goverment is hell bent on the rich getting richer at the cost of the average American, who IS the backbone of the country. We can no longer tolerate foolishness in our leadership. Both Democrats and Republicans share equally in the blame for the mess we are in. If we were look back at the founding fathers, they all had different ideas as to how and what our country should be, yet they found the common ground amongst them and went forward. I truly believe that if they knew what was going on now, they shake thier heads in disgust.
Can't the Chinese yuan be made into the international currency? We live in such a dependable world!
Is this crisis real or is US government aiming something else at this time being?
Change comes from 2 ways: Discussion and Force. Discussion has failed. Too bad there's no real option for force in this country.
No money no oil i doubt the oil prducers will accent IOUs
It's all sugar-coated lies. They won't tell you what they really think of "Amerikans."
As an American citizen living in Canada, I must tell you that they really don't like us that much. If you hear otherwise it's a blatant lie. The only people they don't like more is Quebec.
I could swear a Democratic Republic was based on compromise. Or perhaps my liberal, marxist, leftist high school social studies teacher was lying to me...
I just don't know anymore...
Less concerned about domestic political gamesmanship over debt ceilings than with the ongoing Sino-Russian discussions about an international reserve currency. If petroleum were to price on the basis of a competing reserve currency the U.S. would not be prepared for the inflationary shock.
Looking for manual for Maxim Accu-bakery II BB3 does anyone know where I can find one. Thank you...
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I've been listening to the news, like you have, as we are pummeled with the details of the only two candidates the Twenty First Century can offer? Really? – And frankly, to me both Romney and Obama are hell bent on collapsing this economy in favor of a corporate owned America; they will never going to get my vote. So heads up, news media land. I want choices, and not the garbage offerings you throw at us. (Palin, Bachman)
The rest of the work's view of us is critical. If the international currency, which is now dollars, is dropped because it is becoming worthless, we will be in a work of hurt you can not begin to fathom – We could all loose our jobs and homes.
I want more choices for President, and I want good choices. I want real debates and lots of them – put them up on PBS. I want people with skills and I don't care about perfect hair. If you have to have to rely on a teleprompter, I wont vote for you. Either we get hold of our government, clean it up, toss out the bums, and balance the books, or its curtains for the good ole, USA