Why putting Republicans back into power would bankrupt America

iVillage Member
Registered: 09-26-2010
Why putting Republicans back into power would bankrupt America
27
Mon, 10-11-2010 - 9:18pm

Putting Republicans back into power would bankrupt America.

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iVillage Member
Registered: 03-02-2009
jumpinjackflash1968 wrote:

Add up everything you say in your post is unwarranted government spending, and it doesn't even amount to a small fraction of the $700 billion Republicans want to give the richest two percent of America in extending the Bush tax cuts.

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 09-11-2008

iVillage Member
Registered: 03-02-2009

That chart is absolutely disgusting. Look at how much of the budget is consumed by SS, Medicare, and Medicaid. We already know that we don't have the money to pay for these programs in the future, and at some point the government will just plain not be able to make the payments.

We have to start weaning people off these programs now and get them down to an affordable size, otherwise people that have had their money taken for these programs all their lives will have nothing. But it's a third rail issue, and democrats are not interested in making any program smaller, since it means less control and power for them. So they use the issue politically to scare seniors into thinking that republicans want to take their SS away.

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 02-15-2007

iVillage Member
Registered: 02-15-2007

iVillage Member
Registered: 03-02-2009

Tom,

I don't like sideways charts either, they just seem a bit unnatural to me. I actually only looked at the pie charts, because they look good sideways and I like pies.

Anyway, I don't think the debt has been a problem in the past, but we don't want it to become one, and I think it is heading in that direction. It also presents a problem when we owe so much money to China. I don't consider them our friend and I don't want us to be beholden to a country like that. Regardless of what has happened in the past, Obama has increase the debt more than all the republican presidents combined, so I really think he is the problem in regard to the debt.

As I've said before, I think he decided what he was going to do (which was increase spending and the size of government) and that took precedence over the financial crisis.

I would not be happy with just any payment from SS. I read somewhere that you only get about a 1.2% on your money. And that by 2040 they will only be paying out about 70 cents on the dollar. If someone tried to sell me (or you) a retirement plan that would give me -30% return (to make it simple), I'd laugh in their face. I think it is a crime that this is what we our going to get from a program that we are forced to participate in.

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 03-02-2009

jumpinjackflash1968 wrote:

Add up everything you say in your post is unwarranted government spending, and it doesn't even amount to a small fraction of the $700 billion Republicans want to give the richest two percent of America in extending the Bush tax cuts.

"Resist, we much. We must, and we much. About that, be committed."

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