I HATE To Say It, But I Told You So

HA I love that your posts skew so hard to the right. Wondering if you'll let this comment through we'll see.

So, for those who don't know Dr. Joseph E. Kasputys (big wig at IHS Global Insight) was an official in the Nixon and Ford Administrations - REPUBLICANS - and IHS Global Insights has close ties with auto makers in China. Also closely tied to other big GOP donors like WalMart.

They are hardly unbiased. They have skin in the game. They (and it seems you) HOPE American auto makers fail. The reason they do - other than being republican bred - is that opens the door for their pals in China to start selling more cars in America. Pathetic. Really!

I'd believe something from IHS Global about the American auto business about as much as I'd believe something reported on Faux News Channel.

Your rebuttal is hardly unbiased.

Tell that to the largest socialist paradise in the world, China, who is eating our collective lunch as we speak.

Exactly Shredmo.

Doesn't matter whether you skew left or right- for most Americans life today in terms of income and hope is far worse than it was 6-7 years ago and the future isn't looking any brighter.....

Doesn't take a genius or a political affiliation to see that.

-Bond

Yea paying the tab on unneeded wars he didn't start is big spending

Obama has spent more than every previous president combined. And look where it has gotten us: we're nowhere closer to recovery than in 2009. Blaming it on wars he didn't start is nonsense, since he's continuing the war effort exactly as Bush would've done. Both of their stimulus spending just got us deeper in the hole, and if you haven't figured it out yet, you can't spend your way out of debt.
By the way, the US will not default no matter what happens. Obama even said so himself to the banks. The obligations (Social Security, etc.) the gov't has to pay every month will still be sent out to people who need it, because the gov't takes in billions in revenue monthly.

what troops are in Libya? The so called "spending" was inherited from Bush. get your facts strait.

Funny how the teabaggers said not one word when AWOL Bush started the auto bailout. Funny how they said not one word when AWOL Bush raised the debt ceiling seven times during his regime. Funny how the teabaggers said not one word when Ronnie Raygun raised the debt ceiling 17 times - that's right 17 times when he was in office. Funny how the teabaggers said not one word when the current GOP leadership team combined for 18 votes to raise the debt ceiling during the Bush term. It seems like the faux outrage of the right over issues related to government spending is situational.

The auto bailouts were started by Bush. President Obama simply continued that policy. It was probably the only thing that Bush did that I agreed with.

Teabagers [as you call them ] Were Not Around Then. The Teaparty started because of the Pelosi/Reid and Obama Socialists machine.

Totally agree its time to let the teabaggers stew for a while

Dudes lets get real we can't solve the debt crisis without reducing defense spending and social entitlements and without raising revenues. Can't someone knock sense into both the Republican and Democratic leadership please.

It is not all Obama's fault, in fact if we're passing blame I'd put most on George W Bush who did his best to take us into the second great depression while his Haliburton buddies partied the nights away. But however you blame, you still need to accept we need spending cuts and revenue increases.

Here's my plan for taxes: eliminate corporate taxes completely, cut income taxes to a maximum rate of 15%, cut social security taxes to a maximum of 5%, and institute a Federal sales tax of say 10%. Inflation adjust any capital gains. Eliminate all deductions and exceptions. In other words stop this insane system where almost half of the adults in the US pay no federal taxes.

Here's my plan for spending: cut entitlements across the board 10% immediately, raise the retirement age to 70, means test all entitlements.

And one more thing while I'm ranting, in the future if the Federal Government feels like getting involved in bailouts [this means you George Bush as well as Obama] for heavens sake negotiate a piece of the upside potential, don't expect to lose money.

Excellent Points

I would just add one more.

Slash Military Industrial Spending by at least 50%

The U.S did slash its military spending during the Clinton administration and and let there guard down. I believe this is one of the main reasons 911 was successfull. JMHO.

Actually eldard about your GOP comment, I believe Conservatives feel reducing military spending = Not being able to defend the freedoms and liberty that so many have died for, Legalize abortion = killing of human life and gay marriage = perversion. I see no hate here.

I would add just one more point to I95 comments. I would agree with your 50% reduction if you would agree to 50% reduction on all social programs.

See how easy it is to compromise . . . !

BTW - if the gov confiscated all the income from everyone making $250K and higher it would only fund the gov for 10-14-days so the issue is clearly a spending issue and not a revenue issue.

The gov has not right to anyone's labor!