Romney, Ryan and Saving the Golden Goose

[Jim B. in Iowa]

Didn't forget moron...Bush added $5 trillion in EIGHT years....followed by Obama adding $5 Trillion in THREE years.  Oh, thats right...the economy is about to turn around at which point Obama will balance the budget.  For as much as you guys complained about Bush's spending(with good cause), to see you do such an about face when Obama puts Bush's spending to shame is really, truly comical. 

I guarantee I hold Romney's feet to the fire w/r to spending should he get elected.  Its gotten out of control for one reason...blind, stupid partisans such as yourself and Kraft.  Can't see the forest for the trees. 

[bruce MN]

Just took the time to read back through this thread and all I could think of was Richard Cheney and Paul Wolfowitz. You must realize that in spite of all that has transpired since the "run up" back in 2002 that none of the basic rules of finance have really changed don't you? What covered the dunns that have been sent out in the interim? Have you ever considered the commodity inflation that occured from 1946 up until we got deeply embroiled in the Korean conflict and then shut off? That's when the publicly funded expansion of the military industrial complex kicked in. All of this fear of passing it of to future generstions started THEN....not in the expansion of the welfare state a decade later when the weight of it all became unbearable. The current roster of beneficiaries is miniscule compared to then. Should be easy to overun numerically, but very, very organized and sophisticated and not likely to be overcome through political action. It's likely to take what our greatest Republican President once referenced....."The better angels of our nature".

[dagwud]

GTO: "Funny, how you can just suddenly forget WHO DUG THE FOKKING HOLE! Geesus!"

We know, we know.  The spending deficit is all the responsibility of only Repubs and Bush according to you.  I guess what ever works to help you sleep at night.

I'm betting if Obama wins a second term, 7 and 8 years after Bush left office you will still be blaming everything on Bush.

Kind of hard to understand how you figure all deficit spending under Bush was his and the Repubs fault but that any deficit spending under Obama is also all the fault of just Bush and Repubs????  Hard to argue with logic like that.

As an example pork barrel spending look at the Lockheed F22 fighter jet that was designed to go up against Russia's next generation fighter jet.  Just forget the fact that there is no next generation Russian fighter jet.

Even though there have been huge cost over runs with the F22, numerous technical problems resulting in pilots being killed while others have refused to fly the jet, nor that the plane sits there for years not being used in any combat roles or that many in the Pentagon don't want the plane, we still see the plane being pushed upon us at a cost of half a billion dollars apiece.  Thanks to lobbyists and Congressmen from states connected to Lockheed such as Georgia, Maryland and Calf. 

Of course GTO will tell us it is only those darn Repub Congressmen that are pushing this boondoggle on the American people.

[hardnox604008]

Romney and Ryan would increase the deficit but I guess the beneficiaries would be those who deserve it.

[Red Steele]

For some families, being on the dole is institutionalized.

[Nebrfarmr]

Are YOU paying on your share, or are YOU just talking about it?  After all, it is YOUR debt, you said so yourself, for 'not paying enough taxes' for the last 30 years', those are your own words.  I have no student debt, and I am also paying the taxes due, on the money I owed, rather than deferring income from 2011, forward to 2012, to lower my tax burdeon.  I won't mention any names, but I can definately recall someone on the forum here, who had mention doing such a thing.  Wonder who that was....

The point I was trying to make, was that I see an attitude here and there, from people who say something to the effect, that students have $25-$30K in student loans debt, so something must be done, but when that same student enters the work force, their share of the national debt is 3-4X as much, yet I fail to see Congress, or the White House act.  About the only thing that they agree on, is that someone 'else' needs to do it.

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kraft-t wrote:

But first we have to vote out the tax cutters. Nobody in their right mind would vote a tax cut with trillions in debt.

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So, you are essentially saying that the Obama administration, and both houses of Congress are not in their right minds?
At least we can agree on something.

[Red Steele]

Since I don't owe any money, I guess my answer doesn't matter. As a matter of basic accounting, business interest for borrowings incurred for making money should still be a deduction , as opposed to consumption interest such as credit cards for personal consumption or home mortgage interest for personal living. If we are going to tax income, then we need to get at the net by letting the taxpayer deduct normal business expenses, one of which is interest.

[Red Steele]

not sure what you are talking about, Bruce. What do you mean by the "current number of receipients being miniscule"? You do know what percentage of the total federal outlays goes to entitlement programs, right?

No doubt that military expenditures should be cut, but our lives in America depend on a strong military now more than ever. We did not need the SUV wars in the middle east anymore than we needed to kill over two million vietamese during Johnson's war but that does not mean we can survive without a strong military. A lot of the world hates America. Maybe you do not realize that.

Perhaps there is something in the liberal koolaid that convinces the drinker that all people are innately good, industrious, and deserving of as many chances as there are stars in the heavens. Rogue nations, murderers, rapists, crooked lawyers and bankers, et al.

Well, all except for innocent babies, I guess.

[dagwud]

Nox: 'Romney and Ryan would increase the deficit but I guess the beneficiaries would be those who deserve it."

That remains to be seen although I admit I have little faith in Romney and am not a big fan of his.

What I'm hoping out of Ryan's plan is for it to act as a catalyst to get a serious discussion started that includes input from both parties.  I don't want only Repubs running the show nor do I want only Dems.   We need for all members of Congress to put aside their party loyalties and sit down and start making the TOUGH decisions that need to be made. 

Both parties will have to agree to some things they may not normally be in favor of such having the Repubs agree on major cuts in military spending and Dems agreeing that we can take of everyone from the cradle to the grave through entitlement programs.

One thing we do know is that Obama has increased the deficit and that it appears the biggest beneficiaries so far has been Wall Street banks, Big Pharma, health insurance companies and GM and Chrysler.