GearsMcGilf
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White House, congressional leaders reach debt deal - CNN.com
I may cut my spending by a few hundred over the next ten years also!
I may cut my spending by a few hundred over the next ten years also!
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$2.2 Trillion over 10 years. It's a joke.
That's nothing.
Where are the Medicare A-B-C-D cuts? At least?
LAM,
are we fucked?
LAM is right. Unless we hike up taxes and spending dramatically, we will never get back to where we were in the Carter years, nor will we ever have a prayer of catching up with Greece. Thank God we now have a president who is putting us back on the right track.
your still talking about taxes but know nothing at all about the topic just what has been spoon feed to you. because Reagan said taxes were too high in the 80's didn't make it true then and it doesn't make it true now. they have been constantly reduced to there lowest levels in 50 years or so on both capital and corps. US has the lowest % of GDP going to taxes out of all OECD countries. yet still no supply side where is it? still no jobs where are they? 30 years of neo-liberalism and it still doesn't exist because it is pure fantasy. there is no hard science behind it just the goal of getting taxes as low as possible.
this coming from the guy that has to go find work in communist china because the opportunities in the US are so great thanks to supply-side economics. your children will thank you when they are crossing the border to get into Mexico to work in a factory in 40 years.
What do you think are some practical and measurable solutions could be for US besides spending cuts and increasing the tax on the rich/corps?
White House, congressional leaders reach debt deal - CNN.com
I may cut my spending by a few hundred over the next ten years also!
all of the practical methods are going to take time and luck.
basically we need to do the exact opposite of what is being done in the US education system today. we need to do things which are are going to spur ingenuity and creativity vs dumbing down the population. we need to create an optimum learning environment for ideas that will enable us to supply the world markets with things not yet invented.
unfortunately this is the exact opposite of the current neo-liberal strategy of destroying the public education system in the US.
And look who is getting screwed as a result of this "deal." Students.
The corrupt government bails out the banksters, and hands out money to the Pentagon and the Military Industrial Complex, the pharmaceutical companies, and then fucks the students.
Students to feel pinch in debt deal
By Jennifer Liberto [at]CNNMoney
August 1, 2011: 6:08 PM ET
WASHINGTON (CNNMoney) -- Some students will have to start paying off their loans while they're in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade.
As part of the savings to trim the deficits, Congress would scrap a special kind of federal loan for graduate students. So-called subsidized student loans don't charge students any interest on the principal of student loans until six months after students graduated.
Congress would also nix a special credit for all students who make 12 months of on-time loan payments.
The changes would take place July 1, 2012.
Link: Debt ceiling deal to hit grad students hard - Aug. 1, 2011
Does anyone believe in this shear lunacy. What they are basically saying is, "Sure, we have a ton of debt, we will make sure that instead of doubling it over the next ten years, we will only increase it by 70%". That's fucking stupid, who would ever lend money to someone like that?
Does anyone believe in this shear lunacy. What they are basically saying is, "Sure, we have a ton of debt, we will make sure that instead of doubling it over the next ten years, we will only increase it by 70%". That's fucking stupid, who would ever lend money to someone like that?
And look who is getting screwed as a result of this "deal." Students.
The corrupt government bails out the banksters, and hands out money to the Pentagon and the Military Industrial Complex, the pharmaceutical companies, and then fucks the students.
Students to feel pinch in debt deal
By Jennifer Liberto [at]CNNMoney
August 1, 2011: 6:08 PM ET
WASHINGTON (CNNMoney) -- Some students will have to start paying off their loans while they're in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade.
As part of the savings to trim the deficits, Congress would scrap a special kind of federal loan for graduate students. So-called subsidized student loans don't charge students any interest on the principal of student loans until six months after students graduated.
Congress would also nix a special credit for all students who make 12 months of on-time loan payments.
The changes would take place July 1, 2012.
Link: Debt ceiling deal to hit grad students hard - Aug. 1, 2011
LAM is right. Unless we hike up taxes and spending dramatically, we will never get back to where we were in the Carter years, nor will we ever have a prayer of catching up with Greece. Thank God we now have a president who is putting us back on the right track.
60% tax on anyone who makes over a mil a year.
what about when the top 400 households in the US have more combined income than the bottom 60% of the population combined..
Sounds like Socialism is the way to go eh?
Take 90% of that moolah and send it to every door step in america.