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House Websites Jammed After Obama Debt Speech

Hugh Pickens writes "CNN reports that House switchboards have been flooded by phone calls — nearly twice the normal average — and hit with an unusual volume of constituent e-mails as voters voice their concern over the worsening debt-ceiling crisis. At least 104 of 279 congressional websites surveyed by CNN were down or had experienced slow connections on Tuesday, after President Obama's speech Monday night. In his address to the nation, Obama called on the American people to 'make your voice heard.' House Speaker John Boehner's website responded with a 'Server Too Busy' or 'Bad Request (Invalid Hostname)' message during parts of the day. His switchboard reported as many as 150-300 callers on hold, wanting to leave their thoughts for the speaker. House Chief Administrative Officer spokesman Dan Weiser said that lawmakers' websites and phone lines began to sag with the traffic on Monday night. 'Last night we had some website problems. ... There was some websites that were hosted by outside vendors that had slowness, sluggishness, people had trouble getting in. And that was rectified early this morning.'"

1,042 comments

  1. Rewrite the Constitution or face default! by elucido · · Score: 5, Insightful

    This is extortion. This is anti-American. Rep Mike Lee Admits Extortion.

    In specific Tea Party Republicans are threatening to put the nation into default, holding the entire US economy and millions of lives hostage to pass their amendment to the Constitution. They want the nation to default because it will boost recruitment into their militias. They want a civil war and are apparently beyond compromise. They cannot be reasoned with apparently.

    Who are these people? Before they called themselves the Tea Party they called themselves the John Birch Society. and before they were called the John Birch society they called themselves the American Liberty League.

    This is the same American Liberty League that was behind the Business Plot.

    The Business Plot was the attempt to overthrow the US government and in specific overthrow FDR and install a fascist dictatorship. The history of that can be seen by watching this video.

    Read about Smedley Darlington Butler and how he single handedly saved the nation from a coup. Now that we have a black President the forces looking to have a coup have grown stronger than ever. And these groups hate the feds and the government because these are the ones investigating them. The solution? Tax cuts, smaller government, which means less FBI investigations into them.

    And btw I expect "them" to rate my post down into oblivion. Expect to see it rated as flamebait, overrated or something else.

     

    1. Re:Rewrite the Constitution or face default! by hsmith · · Score: 0, Troll

      This is how democracy works, FYI. It isn't extortion, it is how that pesky legislative process works. Troubling, I know.

    2. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 5, Interesting

      I can't rate you down, nor would I but the pace and phrasing of your post makes your post seem unbelievable or as some kind of crazy rant. I will read the source material you have presented and make my own judgements. These are serious accusations.

      But I do agree that the Tea Party Republicans are a problem with their impossibly rigid views and policies. Most, if not all, should be made to rethink their positions by having them voted out of their positions.

    3. Re:Rewrite the Constitution or face default! by elucido · · Score: 5, Insightful

      This is how democracy works, FYI. It isn't extortion, it is how that pesky legislative process works. Troubling, I know.

      So it's okay for that scumbag to threaten the lives of seniors, of poor people, of veterans, of anyone by threatening to let the nation default which means the checks wont be sent out to them? What about troops serving right now who are risking their lives so that ignorant congressman can safely speak like that? What about law enforcement who protects scumbags like him from being robbed and preyed upon?

      Do you realize he's not only threatening all their jobs, but he's threatening to withhold their pay that they earned fair and square. He is doing this so that he can score political points and try to pass a Constitutional amendment which has no hope in hell of passing. So what he is doing is attempting to extort the entire nation.

      If you think that is how democracy works, maybe when people like him call the police the police should decide "you know, we aren't going to keep you safe anymore unless you agree to write this bill for us.", in fact maybe the whole government could do the same thing to these congressmen. Then it would be called blackmail and extortion right? I guess it's not extortion if a Republican congressman does it?

    4. Re:Rewrite the Constitution or face default! by Beyond_GoodandEvil · · Score: 3, Insightful

      The Business Plot was the attempt to overthrow the US government and in specific overthrow FDR and install a fascist dictatorship
      I forgot which US president gathered up US citizens and placed them in camps? Which president summarily executed American citizens without benefit of trial? Oh that's right it was FDR, sounds like we already had a dictatorship. As for worrying about FBI investigations, given how well the Justice Dept is handling Operation Gunrunner no one should worry about investigations for a while.

      --
      I laughed at the weak who considered themselves good because they lacked claws.
    5. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      You give them way too much credit. Some people once bought, stay bought. It's as simple as that. Either out of fear, blackmail, or a huge portfolio, these clowns won't budge and serve their corporate masters well.

      The mistake we all make is assuming that things are any different on the other side of the aisle.

      Have you seen the average tea partier? Here let me help you.

      You're telling me that those people have been plotting since FDR? Seriously now... he can't even fucking spell certificate.

      He's poor, he's uneducated, and he's wondering where the fuck his money went. And like any ignorant peasant, he blames people who think or look differently from him. But a government toppling powerhouse he is not.

    6. Re:Rewrite the Constitution or face default! by elucido · · Score: 0

      The Business Plot was the attempt to overthrow the US government and in specific overthrow FDR and install a fascist dictatorship
      I forgot which US president gathered up US citizens and placed them in camps? Which president summarily executed American citizens without benefit of trial? Oh that's right it was FDR, sounds like we already had a dictatorship. As for worrying about FBI investigations, given how well the Justice Dept is handling Operation Gunrunner no one should worry about investigations for a while.

      We won World War 2 because of some of the actions of FDR. And if the business plot coup were not thwarted then the USA would have been run by a fascist establishment and Hitler would have won World War 2.

      Do you not realize what was at stake? As far as the FBI Counter Intelligence operations go, even the President would not have knowledge of what is going on. That shit would be beyond top secret. For all we know the FBI could already have the Tea Party and the Koch Bro's under surveillance.

    7. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Step1: Disregard all evidence which is not followed by a citation.

      Step2: Disregard all evidence which is followed by a citation to Wikipedia.

      Step3: Yep, Mike Lee still says, in his own words, that he is attempting to use his vote to cause the default and will only relent if we re-write the Constitution to match his desires.

    8. Re:Rewrite the Constitution or face default! by hsmith · · Score: 2, Insightful

      There is more than enough income to the federal government to pay all of social security and medicare (They have their own dedicated tax of your 7% contribution plus your employers 7% contribution). Everyones SS and Medicare will get paid, unless Obama specifically decides not to pay them, to prove his OWN point.

      Debts will get paid, the US will and cannot default because there is more than enough income to pay for our interest to our creditors.

      It is how it works, this is how legislation gets passed.

    9. Re:Rewrite the Constitution or face default! by vlm · · Score: 1

      Business Plot.

      The Business Plot was the attempt to overthrow the US government and in specific overthrow FDR and install a fascist dictatorship. The history of that can be seen by watching this video.

      Read about Smedley Darlington Butler and how he single handedly saved the nation from a coup.

      Looks like sometime between Smedley and now, they won. So why are they still agitating?

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    10. Re:Rewrite the Constitution or face default! by thynk · · Score: 0

      This is extortion. This is anti-American. Rep Mike Lee Admits Extortion.

      In specific Tea Party Republicans are threatening to put the nation into default, holding the entire US economy and millions of lives hostage to pass their amendment to the Constitution. They want the nation to default because it will boost recruitment into their militias. They want a civil war and are apparently beyond compromise. .

      So, you understand that there is enough tax revenue coming in to pay the interest on the debt, social security, medicaid/medicare, education, VA and active duty payrolls. Right? The only way those won't get paid is the government (executive branch) CHOOSES not pay them. There is no real risk to defaulting.

      I'm not sure if you've ever had a discussion with a Tea Party member, most of them are fairly reasonable folks and want a return to a government who's spending and legislative powers are bound by the constitution. Sure, there are some nutters there, just like every other group in America.

      --

      Good judgment comes from experience, and a lot of that comes from bad judgment.
    11. Re:Rewrite the Constitution or face default! by Danathar · · Score: 1

      His statement is a statement of fact based on what we are observing. Yours is an emotional cathartic spew.

    12. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      It could be that They modded your post down. Or it could have been modde down because you cherry picked a handful of unrelated actions (fringe groups are everywhere), glued it all together with some unsubstantiated opinion, then presented it as fact. Moreover you do it in an arrogant "I am right and everyone who disagrees with me is part of the conspiracy" manner.

      You could have picked any two of those and gotten away with it, but combining all three just trips the bullshit meter. Try rewording your posts, you might be surprised at the difference it makes.

    13. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      So I take it that you want more taxes?

    14. Re:Rewrite the Constitution or face default! by igreaterthanu · · Score: 3

      So it's okay for that scumbag to threaten the lives of seniors, of poor people, of veterans, of anyone by threatening to let the nation default which means the checks wont be sent out to them?

      Maybe people should have thought about that before voting for these people.

      Go ahead, mod me down, I have karma to burn.

      --
      I dream of a nation where a man is not judged by his skin color but by an number assigned by a credit rating agency.
    15. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      "And btw I expect "them" to rate my post down into oblivion. Expect to see it rated as flamebait, overrated or something else."

      This is slashdot, unless you insult Tolkien, Apple, MS or Linux they'll read the summary and give you an unbiased opinion, uninformed maybe, but unbiased.

    16. Re:Rewrite the Constitution or face default! by iserlohn · · Score: 3, Insightful

      Democracy is based on debating ideas, compromising and coming to an agreement.

      The showboating that these congressmen are involved in right now is not democracy, and runs contrary to their duty to serve the nation.

    17. Re:Rewrite the Constitution or face default! by quenda · · Score: 2

      What about troops serving right now who are risking their lives so that ignorant congressman can safely speak like that?

      Sorry, but what is the connection between Afghan hill tribes, or a middle-eastern despot (1 down, ten to go) and free speech in America? That makes no sense.

    18. Re:Rewrite the Constitution or face default! by elucido · · Score: 0

      There is more than enough income to the federal government to pay all of social security and medicare (They have their own dedicated tax of your 7% contribution plus your employers 7% contribution). Everyones SS and Medicare will get paid, unless Obama specifically decides not to pay them, to prove his OWN point.

      Debts will get paid, the US will and cannot default because there is more than enough income to pay for our interest to our creditors.

      It is how it works, this is how legislation gets passed.

      Okay. Precisely how much revenue was generated by taxes? I want an exact number. Then I want the exact number of money the government has to pay out. Get the numbers and then you can make a case, without the numbers you just speculate.

    19. Re:Rewrite the Constitution or face default! by supernatendo · · Score: 1

      The Treasury Department can prioritize payments in order to avoid a default. In addition, the Treasury could sell some of its assets in order to pay the bills. There are approximately $2.6 trillion dollars in the Social Security Trust Fund; those assets can be used to pay benefits. Furthermore, there is already trillions of dollars of interagency debt that counts toward the $14.29 trillion debt limit. Treasury Secretary Timothy Geithner could convert that inter-agency debt into publicly-held debt, preventing not only a technical default but also preventing any delay in government payments. While the Treasury cannot use money from the Social Security Trust Fund, it can “disinvest” from other trust funds to pay for benefits. The Treasury Department could also make cash available from the trust fund by “disinvesting” some of the money used to buy government bonds. The disinvesting approach is a temporary accounting device that would help maintain the Treasury’s cash flow. In other words, the debt ceiling being reached will have little affect on seniors, poor people, veterans, military + their families. Also, if I'm not mistaken, Republicans also offered to raise the debt limit as long as the Cut, Cap, and Balance bill was passed, and it is the president who is failing to compromise with them and is waging a mostly emotional political fight that has little to no basis on facts at the expense of not coming to an agreement in time.

    20. Re:Rewrite the Constitution or face default! by elucido · · Score: 1

      It could be that They modded your post down. Or it could have been modde down because you cherry picked a handful of unrelated actions (fringe groups are everywhere), glued it all together with some unsubstantiated opinion, then presented it as fact. Moreover you do it in an arrogant "I am right and everyone who disagrees with me is part of the conspiracy" manner.

      You could have picked any two of those and gotten away with it, but combining all three just trips the bullshit meter. Try rewording your posts, you might be surprised at the difference it makes.

      The Tea Party is not a fringe group anymore. They control the house.

    21. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 3, Insightful

      I thought the Democrats were telling us there was no need to reform Social Security because there was a Trust Fund?
      Sorry, but your rhetoric doesn't fly. It wasn't this Congressman who threatened the lives of seniors, poor people or veterans, it was Obama. The fact of the matter is that if the debt ceiling is not raised, there is no reason for the federal government to default. There is, also, no reason for the federal government to not send out SS checks or pay the military.
      I have a question for you, what happens if they increase the debt ceiling and no one wants to buy the new bonds? That day is going to come sooner or later. Isn't it a good idea to start reining in spending now, while people are still willing to buy U.S. government bonds rather than wait for that day?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    22. Re:Rewrite the Constitution or face default! by supernatendo · · Score: 2

      From my perspective it appears that FDR got us INTO WWII in order to generate revenue by creating the worlds largest military-industrial complex to make it look like his "New Deal" was working when it was actually creating the United State's longest and deepest depression...

    23. Re:Rewrite the Constitution or face default! by PortHaven · · Score: 0

      Yeah...ridiculous...

      I mean, it's kind of like your wife saying I'm not giving you any extra money to pay the bills until you hand over the credit cards and let me cut them up.

      You explain "We can make the minimum payment"

      And your wife says, yes, for now...but you just added another $2,000 grand to our credit debt. And your response is "But if we don't pay the minimum balance this month, we'll get hit with a late fee. Our rates my go up. And our credit rating will go down.

      Your wife replies I know. But what does that matter if you're going to add a thousand dollars of debt every month. We're going to go bankrupt anyways and it will be a lot worse than a late payment. So let's cut the credit cards and start paying down our debts.

      -----

      Hmm.....doesn't sound so stupid anymore does. Who's the fool? Uh, yeah...those who want to raise the debt ceiling. Mind you, they're not saying they won't raise it. They just want to start cutting the credit cards first. Is that too much to ask?

      We've already spent ALL the money my generation will ever earn. We're now into our children's and grand childrens lives. That's called thievery, greed, and stupidity. Extortion is threatening the livelihood of seniors, soldiers, etc if we don't let you spend our grandchildren's money. Rather that cutting the waste of government.

    24. Re:Rewrite the Constitution or face default! by MadKeithV · · Score: 3, Insightful
    25. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      The very point of this whole matter is that at the moment the United States do not have enough income to pay all their obligations (to their own people and the creditors), so they need to either increase their debt or fail to meet all their current obligations in some way. The Republicans want to cut the obligations (which is like saying "you're not going to get this anyway, so we might as well not promise that you get it"), the Democrats want to take on more debt. If neither happens, the total obligations exceed the income. Then it is only a matter of choosing which obligations to default on.

    26. Re:Rewrite the Constitution or face default! by hsmith · · Score: 3, Insightful

      $2.16 trillion is taken in each year.

      Social Security had a surplus "During 2009, total benefits of $686 billion were paid out versus income (taxes and interest) of $807 billion, a $121 billion annual surplus"

      Can't find medicare quickly, but will look.

      Debt payments are around $189 billion

      Wiki aggregates it nicely with all the standard references http://en.wikipedia.org/wiki/United_States_federal_budget

      There *IS* more than enough money to pay these things.

    27. Re:Rewrite the Constitution or face default! by ivaldes3 · · Score: 1

      Total hysteria breaks out on Slashdot. I like the other poster who said What are we going to demonstrate for: We DEMAND more debt now!?!

      --
      http://www.LinuxMedNews.com Revolutionizing Medical Education and Practice.
    28. Re:Rewrite the Constitution or face default! by iserlohn · · Score: 1

      The problem is that you don't have any idea of the mechanism of the government revenue and spending.

      Each day, the government takes in revenue and takes out in spending. Sometimes, this when public debt is due, this requires the payment of both principle and interest, in additional to all of the other spending that has to be taken out that day. If the debt ceiling does not rise, it means that the government will run into issues servicing the debt as well as any discretionary spending required. There is no buffer - the debt ceiling is the buffer! It will require a significant decrease in spending across the board in order for the government to maintain enough of a buffer to meet public debt obligations.

      The main effects are -

      - All public sector contracts with the federal government will be severely affected as the government will likely miss payment on any monies due. This will have a severe knock-on effect on the economy (including armed forces contracts).
      - T-Bills and other federal bonds will likely have their ratings downgraded - This will mean that interest rates will rise and money supply will contract rapidly. Think house prices were bad for the last few years - think again.

      The real problem is that these people have a hardline worldview spurred on by right-wing commentators that have a agenda to push, and they hold on to this worldview without any real knowledge or understanding of what the real world effects are. In effect, they are saying applying what they know about household finances and are applying it to the federal government without fully understanding that the real-world implications are. And this is dangerous, really really dangerous.

    29. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 1

      Someone's been drinking too much spiked "tea" lately.

    30. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Why does he have to give YOU exact numbers? Can't he just wave his hands around and blame it all on vague conspiracies like you did?

      Oh it's the John Birch Society and the American Liberty League, they're trying to crash the economy in the hope that tea party militias will rise up and kill all the Marxists. I'm surprised you didn't bring the Freemasons and Anders Breivik into it, no doubt they're involved somehow and liable to mod your post down at any moment. It's a fascist conspiracy I tell you!!! (rolls eyes)

      Get the evidence and then you can make a case, without the evidence you just speculate. But I guess it's not bullshit if you say it.

    31. Re:Rewrite the Constitution or face default! by PortHaven · · Score: 0

      You are absolutely right...

      FDR was a fascist. He had government and corporate control highly integrated. He seized individual's savings. He imprisoned Americans. He restricted businesses from lowering prices. And prolonged the Depression several years.

      Oh, and the only 4 term president. Interesting to note that after FDR, his own party put term limits on him. They were afraid of him.

    32. Re:Rewrite the Constitution or face default! by smelch · · Score: 1

      You can say with certainty we will default without the numbers, why can't we say with certainty we won't without the numbers? Obama says we will, a lot of republican congressmen say we won't. Looks like we've got ourselves a he-said-she-said situation, don't we?

      Oh, wait, except here are the numbers: http://www.fms.treas.gov/mts/mts0611.pdf. You fucking lose.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    33. Re:Rewrite the Constitution or face default! by iserlohn · · Score: 1

      I should also make it clear that the public debt obligations fluctuate on a day-to-day basis, which is why the government issues debt even in times of surplus - to ensure that there is enough operational cashflow.

      In fact, almost all large corporations do this, as assets are usually tied up one way or another and they need access to liquidity.

    34. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      I appreciate your research and you are undoubtedly on to something.
       
      But do you not think that there should be a public outcry of some sort, either under the flag of "Tea Party" or just concerned citizens banding together with no particular group name?
       
      After this administration took office and had the same initial after their names as that of the majority of the congress, to me it seemed as if it was a group of children waking up on Christmas morning finding themselves magically transported into a locked candy store. They were rushing about gleefully diving into an endless bounty of taxpayer money with no pesky adult supervision nor restraint, free to indulge in what had before only been long-distant dreams.

    35. Re:Rewrite the Constitution or face default! by PortHaven · · Score: 2

      I'll take more taxes, so long as we cut spending and actually start PAYING DOWN the national debt.

      Right now when we talk about deficit reductions, we talk about reducing how much we're increasing the debt. Never do we talk about paying down our credit cards.

    36. Re:Rewrite the Constitution or face default! by maxume · · Score: 1

      The $2.6 trillion in the Social Security Trust fund, from the perspective of the federal government, is $2.6 trillion in payment obligations (that is, spend it once, you can't spend it again).

      If you go here and use the default settings for the time series report, you will see that the trust fund holds about $2.6 trillion in special government bonds:

      http://www.ssa.gov/oact/progdata/investheld.html

      --
      Nerd rage is the funniest rage.
    37. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 5, Insightful

      You think that's bad? You can do something. It's worse watching from the sidelines. I'm in another country and can't do squat about the craziness you guys are starting by debating whether or not to continue paying your credit card bill's minimum payment. It's ultimately your business, of course, and you can tell the rest of the world to PFO (damn nosy neighbors meddling in USA internal affairs), but when the financial health of the USA is so intertwined with the rest of the world, it does become cause for legitimate global concern. The rest of the world cares about the decisions you guys are making, and the people in the USA should worry about this fact greatly. Because the obvious interpretation whether you do manage sort things out reasonably in the next little while or not will be: "Divest in the USA, because they can't keep their financial house in order anymore." As Obama has suggested, kicking the can down the road for 6 months and then going through this all over again, and again after that, does not bode well for future investment in the country.

      I'm sympathetic and hope you guys sort things out, but, sheesh, get your act together. The numbers don't lie. You have to do something. Get on with it. This is going to affect a large part of the world because the rest of us have banked on the until-now-unquestioned idea that the USA is a reliable country when it comes to paying off its financial debts. Change that impression and people will invest elsewhere instead. It will be disruptive in the short term, but it will eventually be sorted out, with the exception that the USA will lose the special status in the financial realm that it has had for roughly the last century.

      Let me put it another way. The rest of the world doesn't particularly care what the underlying political causes of this impasse are. That's your business. What we care about is that usually the USA has been able to put aside the worst kind of politics and do the right thing when necessary. You are a practical if fractious bunch, and that's why you are such a vibrant and successful democracy. If that willingness to put aside political differences for the sake of practicality has changed, well, a lot of things are going to be reassessed -- probably not in your favor. And that would be sad. Kind of like seeing your favorite uncle Sam succumb to dementia as they get older.

    38. Re:Rewrite the Constitution or face default! by Moryath · · Score: 0, Flamebait

      Typical Tea Party idiocy.

      The Treasury Department can prioritize payments in order to avoid a default

      Which means that seniors, people on medicare assistance due to crippling injuries or congenital disorders, and the military would then NOT GET their checks.

      In addition, the Treasury could sell some of its assets in order to pay the bills.

      Which assets, pray tell? And what do we do when the question of use of those assets comes up later? You sound like one of those "privatize the public parks and turn them all into Six Flags or Casino properties" fucktards.

      There are approximately $2.6 trillion dollars in the Social Security Trust Fund; those assets can be used to pay benefits.

      And once we do that, the Social Security trust fund ceases to generate revenue returns, because most of the "trust fund" is actually backing a number of other investments and GENERATING INTEREST.

      Furthermore, there is already trillions of dollars of interagency debt that counts toward the $14.29 trillion debt limit. Treasury Secretary Timothy Geithner could convert that inter-agency debt into publicly-held debt, preventing not only a technical default but also preventing any delay in government payments. While the Treasury cannot use money from the Social Security Trust Fund, it can “disinvest” from other trust funds to pay for benefits. The Treasury Department could also make cash available from the trust fund by “disinvesting” some of the money used to buy government bonds. The disinvesting approach is a temporary accounting device that would help maintain the Treasury’s cash flow.

      In other words, you think playing shell games, the equivalent of paying this month's Mastercard bill with a cash advance from Discover Card, is a good idea?

      FUCKTARD.

      In other words, the debt ceiling being reached will have little affect on seniors, poor people, veterans, military + their families. Also, if I'm not mistaken, Republicans also offered to raise the debt limit as long as the Cut, Cap, and Balance bill was passed, and it is the president who is failing to compromise with them and is waging a mostly emotional political fight that has little to no basis on facts at the expense of not coming to an agreement in time.

      You're a fucking fool. The "Cut, Cap, and Balance" bill is one step shy of this level of dishonestycome out of the Tea Party crowd lately.

      Also, for god's sake, learn the difference between "effect" and "affect" please. I swear, you Republicans should learn to get beyond your 2nd-grade-equivalent "high school diplomas" with the school administrator's name scrawled in crayon.

    39. Re:Rewrite the Constitution or face default! by PopeRatzo · · Score: 1

      This is how democracy works, FYI. It isn't extortion, it is how that pesky legislative process works. Troubling, I know.

      There is nothing "democratic" about a bunch of unelected corporate groups, radio hosts and Grover Norquist requiring the members of one of the parties (which was elected, but only by about 24% of voters) to honor a "pledge" that seems to override the oath they took when they were sworn in.

      If this is "democracy", then maybe it's time to examine whether the charade of pretending that corporations should have the same civil rights as individuals or that a bunch of "legislators" who are paid directly by corporate lobbyists, in cash and jobs after government, is somehow faithful to the humble and incomplete Constitution that a group of rich white slave owners wrote centuries ago. Maybe it's time to take a look whether the sick little apache dance you say is "democracy" is even what we still want as a society.

      And then let's do the same thing for what we are calling "free market capitalism", because it's not really serving us well any more. We have too many people who believe we should live to serve some poorly-remembered ideal of "democracy" and "free market capitalism" rather than making sure those institutions serve us.

      --
      You are welcome on my lawn.
    40. Re:Rewrite the Constitution or face default! by elucido · · Score: 2

      Yeah...ridiculous...

      I mean, it's kind of like your wife saying I'm not giving you any extra money to pay the bills until you hand over the credit cards and let me cut them up.

      You explain "We can make the minimum payment"

      And your wife says, yes, for now...but you just added another $2,000 grand to our credit debt. And your response is "But if we don't pay the minimum balance this month, we'll get hit with a late fee. Our rates my go up. And our credit rating will go down.

      Your wife replies I know. But what does that matter if you're going to add a thousand dollars of debt every month. We're going to go bankrupt anyways and it will be a lot worse than a late payment. So let's cut the credit cards and start paying down our debts.

      -----

      Hmm.....doesn't sound so stupid anymore does. Who's the fool? Uh, yeah...those who want to raise the debt ceiling. Mind you, they're not saying they won't raise it. They just want to start cutting the credit cards first. Is that too much to ask?

      We've already spent ALL the money my generation will ever earn. We're now into our children's and grand childrens lives. That's called thievery, greed, and stupidity. Extortion is threatening the livelihood of seniors, soldiers, etc if we don't let you spend our grandchildren's money. Rather that cutting the waste of government.

      If you can't raise taxes how are you supposed to pay down the debt?

    41. Re:Rewrite the Constitution or face default! by jellomizer · · Score: 1

      That is your political slanted view of the issue.
      Others views are different, you need to stop reacting and learn to listen carefully to both sides...
      Those Tea Party (while may have rooted and contain ultra conservative members) are not trying to threaten the lives of those people but see it as more a "Tough Love" aspect to many of these groups. They feel that a lot of these people especially the poor, are on welfare and not working because welfare makes it too easy for them not to work, and by getting rid of it, it will force them to go out and work to survive. Not as much punishing the poor but making incentives to get off their butt and do something. Now I don't particularly follow that view but I do understand it.
      Also I find that the Liberal Parties are often the first to point out that any sort of cuts will effect social services that government provides as to rally the people against those EVIL republicans while for most of them they want a cut in government spending and not necessarily in direct social services, it is the liberal party who decides that is where the cuts should be.
      Look at say your local government when they propose to keep school takes the same while costs rise. The Liberal parties will state how many teacher will be laid off, vs. Keeping the School Bus that has some rust on it for an other year, or cutting the Vice Principals Secretaries Assistants.
      Both parties are evil. Why do we elect people if all they do is just follow the party line? If that is all they do they are useless we should just vote for a Party Line, hire 2 lawyers to interpret those party lines. And when an Issue comes up, based on the percentage of votes you can determine if it will pass or not. If it is in direct conflict of a party line 2/3 of the opposing party line will be needed to pass. If it is in the gray zone the majority party line will win, If the problem doesn't fit into either party line, it gets passed easily.
      We need to elect people who do not follow the party line as a rule, we need people who can lead and see if their party line view may not work in the case and make their vote... And their party shouldn't punish people who had made such a decision.
      .

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    42. Re:Rewrite the Constitution or face default! by whovian · · Score: 1

      So it's okay for that scumbag to threaten the lives of seniors, of poor people, of veterans, of anyone by threatening to let the nation default which means the checks wont be sent out to them?

      Maybe people should have thought about that before voting for these people.

      You may be referring to people who vote against their own economic interests, perhaps due to their being low-information voters or single-issue voters. Then there's also the assumption that the vote tallies are accurate (see e.g. http://it.slashdot.org/story/11/07/26/1238211/Court-Filing-On-How-2004-Ohio-Election-Hacked ).

      --
      To-do List: Receive telemarketing call during a tornado warning. Check.
    43. Re:Rewrite the Constitution or face default! by Bill_the_Engineer · · Score: 4, Insightful

      So, you understand that there is enough tax revenue coming in to pay the interest on the debt, social security, medicaid/medicare, education, VA and active duty payrolls. Right? The only way those won't get paid is the government (executive branch) CHOOSES not pay them. There is no real risk to defaulting.

      You do realize that the responsibility for creating the budget rests in the house, right? You know the one that already passed this year's fiscal budget, and is now playing games with our economy by giving themselves a chance to vote on that same fiscal budget twice. This is not a dictatorship. This is a republic and people seem to forget their civics lessons in their zeal to hang the blame solely on the President. Don't tell me you attended the same retarded civics class with Michelle Bachman.

      Personally I believe the president should issue an executive order raising the arbitrary debt ceiling. Section 4 of the 14th amendment requires such drastic action since it states that "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." In other words, the republicans already authorized this year's debt when they passed the fiscal budget, and they are violating the constitution by refusing to make sure we have enough funds (from both taxes and credit) to meet those obligations.

      I'm not sure if you've ever had a discussion with a Tea Party member, most of them are fairly reasonable folks and want a return to a government who's spending and legislative powers are bound by the constitution.

      I have many times. They are individuals that may have good intentions but are easily led astray. They arguments have little basis in fact, and their misinterpretations of the constitution is horrifying.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    44. Re:Rewrite the Constitution or face default! by elucido · · Score: 1

      I appreciate your research and you are undoubtedly on to something.

      But do you not think that there should be a public outcry of some sort, either under the flag of "Tea Party" or just concerned citizens banding together with no particular group name?

      After this administration took office and had the same initial after their names as that of the majority of the congress, to me it seemed as if it was a group of children waking up on Christmas morning finding themselves magically transported into a locked candy store. They were rushing about gleefully diving into an endless bounty of taxpayer money with no pesky adult supervision nor restraint, free to indulge in what had before only been long-distant dreams.

      The deficit is the result of the Bush tax cuts. I knew when Bush started the two wars and didn't raise taxes to pay for it that it would eventually cause a crisis. This is the crisis.

      The solution is to raise taxes and then use that to pay for infrastructure and pay down the debt.

    45. Re:Rewrite the Constitution or face default! by supernatendo · · Score: 1

      I love how civil your arguments are been, Thank You!

    46. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      No, Tea Party Republicans are thinking logically: You don't fix an issue of excessive debt by borrowing more money if you have no way to put it to a meaningful use. You MUST reform the spending practices first, and with our existing GDP there is plenty of money to pay off our debts if the Liberals simply stop spending all of our money on needless things.

      What is unconstitutional is expecting people to pay more for things they have no desire to have - a government's sole purpose is to protect it's people, not to wipe their asses and put the needs of a mouse or a bug museum with 20 visitors a year ahead of hundreds of thousands of tax payers funding either of them. Every last cent the government spends isn't simply money to spend, it is the government deciding how you should best spend your money and then imposing that decision upon you at the threat of jail and felony charges.

    47. Re:Rewrite the Constitution or face default! by MedBob · · Score: 1

      Just the opposite. The President appears to be following the "Cloward and Piven" strategy for fundamental "change".
      Tea Party members are not members of the John Birch Society. That small group of loonies has nothing to do with the grass roots organization that asks for the audacious move of "living within our means".
      The fact is that the common sense approach which is to stop running up debt, and pay down our bills before we get to the point where we cannot, is being attacked as some kind of fringe position.
      The trumpeted balanced approach is to continue to spend more than we take in, continue to borrow more and more, don't worry about the future of our kids: That is the prescription that simply does not make sense.
      As for militias and civil war, there is no need for that. People are starting to wake up to the indefensible position that we keep going the way we have, we will lose our position in the world. That appears to be the goal, as I can see no rationality in the argument to continue borrowing.

      BTW... The Tea Party is independent of Republicans. Many of them are just as complicit in the debt run-up as the rest of the politicos that have lead us into this mess.

    48. Re:Rewrite the Constitution or face default! by elucido · · Score: 1

      That is your political slanted view of the issue.
      Others views are different, you need to stop reacting and learn to listen carefully to both sides...
      Those Tea Party (while may have rooted and contain ultra conservative members) are not trying to threaten the lives of those people but see it as more a "Tough Love" aspect to many of these groups. They feel that a lot of these people especially the poor, are on welfare and not working because welfare makes it too easy for them not to work, and by getting rid of it, it will force them to go out and work to survive. Not as much punishing the poor but making incentives to get off their butt and do something. Now I don't particularly follow that view but I do understand it.
      Also I find that the Liberal Parties are often the first to point out that any sort of cuts will effect social services that government provides as to rally the people against those EVIL republicans while for most of them they want a cut in government spending and not necessarily in direct social services, it is the liberal party who decides that is where the cuts should be.
      Look at say your local government when they propose to keep school takes the same while costs rise. The Liberal parties will state how many teacher will be laid off, vs. Keeping the School Bus that has some rust on it for an other year, or cutting the Vice Principals Secretaries Assistants.
      Both parties are evil. Why do we elect people if all they do is just follow the party line? If that is all they do they are useless we should just vote for a Party Line, hire 2 lawyers to interpret those party lines. And when an Issue comes up, based on the percentage of votes you can determine if it will pass or not. If it is in direct conflict of a party line 2/3 of the opposing party line will be needed to pass. If it is in the gray zone the majority party line will win, If the problem doesn't fit into either party line, it gets passed easily.
      We need to elect people who do not follow the party line as a rule, we need people who can lead and see if their party line view may not work in the case and make their vote... And their party shouldn't punish people who had made such a decision. .

      When you are talking about costing people their jobs and cutting their monthly checks yes that is threatening their lives.

      You can't really get much more direct than this. How would you feel if Obama's Admin personally threatened your job because of politics? And that is not the only way the Tea Party is threatening lives. They also support the prison industrial complex. Read their plans: http://www.alecexposed.org/wiki/Guns,_Prisons,_Crime,_and_Immigration

    49. Re:Rewrite the Constitution or face default! by mike1210 · · Score: 1, Insightful

      The so-called "Business Plot" was an invention of Smedley Butler, who provided no supporting documentation.

      The only man installing fascism in the United States was FDR himself, through the New Deal, which attempted to mirror the economic policies of Mussolini's Italy.

    50. Re:Rewrite the Constitution or face default! by elucido · · Score: 2, Insightful

      The very point of this whole matter is that at the moment the United States do not have enough income to pay all their obligations (to their own people and the creditors), so they need to either increase their debt or fail to meet all their current obligations in some way. The Republicans want to cut the obligations (which is like saying "you're not going to get this anyway, so we might as well not promise that you get it"), the Democrats want to take on more debt. If neither happens, the total obligations exceed the income. Then it is only a matter of choosing which obligations to default on.

      The gang of six and the Democrats basically agreed to cut spending and raise taxes. Republicans rejected that idea because they want to cut spending but not even attempt to pay off the debt. They just want to use this to keep Obama hostage and not actually solve the deficit.

    51. Re:Rewrite the Constitution or face default! by maxume · · Score: 1

      Democracy has never been an ideal, it has always been a compromise.

      --
      Nerd rage is the funniest rage.
    52. Re:Rewrite the Constitution or face default! by Cryacin · · Score: 2

      So then 1.44 Trillion Obamas are worth 5.44 Trillion under Bush?

      --
      Science advances one funeral at a time- Max Planck
    53. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Those checks are unfortunately written with money we don't have. The government is out of control, and you've failed to see the forest through the trees. If we don't solve the problem, it will only get worse. So yes, someone can take a stand now and be deemed "radical" or they can let it slide, borrow more money, and in a year or two we'll be right back where we are now. Eventually, no one will lend us money, and then no one gets their paychecks.... or else they will, but they money won't be worth the paper it's printed on.

    54. Re:Rewrite the Constitution or face default! by Mr.+Arbusto · · Score: 1

      There *IS* more than enough money to pay these things.

      Today, however taxes need to be fixed and deep cuts need to be made for say...10 years from now.

    55. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Hey elucido ,

      Your Mom called and she wants her basement back.

    56. Re:Rewrite the Constitution or face default! by elucido · · Score: 1, Insightful

      You think that's bad? You can do something. It's worse watching from the sidelines. I'm in another country and can't do squat about the craziness you guys are starting by debating whether or not to continue paying your credit card bill's minimum payment. It's ultimately your business, of course, and you can tell the rest of the world to PFO (damn nosy neighbors meddling in USA internal affairs), but when the financial health of the USA is so intertwined with the rest of the world, it does become cause for legitimate global concern. The rest of the world cares about the decisions you guys are making, and the people in the USA should worry about this fact greatly. Because the obvious interpretation whether you do manage sort things out reasonably in the next little while or not will be: "Divest in the USA, because they can't keep their financial house in order anymore." As Obama has suggested, kicking the can down the road for 6 months and then going through this all over again, and again after that, does not bode well for future investment in the country.

      I'm sympathetic and hope you guys sort things out, but, sheesh, get your act together. The numbers don't lie. You have to do something. Get on with it. This is going to affect a large part of the world because the rest of us have banked on the until-now-unquestioned idea that the USA is a reliable country when it comes to paying off its financial debts. Change that impression and people will invest elsewhere instead. It will be disruptive in the short term, but it will eventually be sorted out, with the exception that the USA will lose the special status in the financial realm that it has had for roughly the last century.

      Let me put it another way. The rest of the world doesn't particularly care what the underlying political causes of this impasse are. That's your business. What we care about is that usually the USA has been able to put aside the worst kind of politics and do the right thing when necessary. You are a practical if fractious bunch, and that's why you are such a vibrant and successful democracy. If that willingness to put aside political differences for the sake of practicality has changed, well, a lot of things are going to be reassessed -- probably not in your favor. And that would be sad. Kind of like seeing your favorite uncle Sam succumb to dementia as they get older.

      If you haven't noticed, the US congress has already been hijacked by crazies.

      I would hope these crazies aren't so crazy that they force foreigners such as yourself to "do something", because I don't want the chaos that would result. I'm not in control, I'm a peasant, a peon, and unfortunately neither are the congressmen, as they are all puppets being blackmailed and commanded on what to say and how to vote by corporations.

    57. Re:Rewrite the Constitution or face default! by gilleain · · Score: 1

      In other words, the debt ceiling being reached will have little affect on seniors, poor people, veterans, military + their families.

      Also, for god's sake, learn the difference between "effect" and "affect" please. I swear, you Republicans should learn to get beyond your 2nd-grade-equivalent "high school diplomas" with the school administrator's name scrawled in crayon.

      A minor point, but aren't "affect" and "effect" the same in Am. Eng. ? If so, it is weird to see it being misused - although, admittedly, I hadn't realised that this particular linguistic error is also a sign of political bias...

    58. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 1

      You are attempting to use facts to deal with your standard Tea Party operative.

      This does not work because they do not operate with a logical brain. Rather, they have a form of protobrain loosely attached to the brain stem, the result of too many generations of inbreeding, which responds only to the argument of "git the guvmint offa mah back so ah kin hav a semiauto howitzer to hunt deers" and "those dam uppity niggers wanna take ur wimmin!"

      Now if you had used some argument to show how "Obama" was really white, and Boehner/et al were really Black, then he would switch sides to join you immediately. You'd just have to be careful he didn't "accidentally" revert to type and start burning crosses on Boehner's lawn.

    59. Re:Rewrite the Constitution or face default! by shoehornjob · · Score: 2

      This is where WE THE PEOPLE stand up for ourselves and make sure those people who threaten our security don't get away with it. This country is more fractured by ideaology and party lines NONE of which serves the people. If you don't want your country to tear itself apart then speak up and get involved. The simplest thing you could do is educate yourself about the issues and vote in all elections. That may not help the current situation but as a citizen it is our responsibility to know what the issues are and hold out government responsible for their actions.

      --
      "We are just a war away from Amerikastan. When god vs god the undoing of man." Dave Mustaine
    60. Re:Rewrite the Constitution or face default! by gilleain · · Score: 1

      When you are talking about costing people their jobs and cutting their monthly checks yes that is threatening their lives.

      You can't really get much more direct than this. How would you feel if Obama's Admin personally threatened your job because of politics?

      Well I think most people would feel a bit strange if they got a call at their desk to say "Hold for the President, please" and then had a chat with Obama about how their company really needs to cut costs, and well you've been a valuable employee, and obviously he will write you a reference and so on. I've certainly never been fired by a head of government.

    61. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      I hate to tell you, but the birthers are not representative of the tea party. Of course they aren't really the Birchers eather. Some people who belong to either group are involved with tea party activities as birthers, but since it's not really an organzied party they don't actually keep people out. Some of the worst get shunned at actual events though.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    62. Re:Rewrite the Constitution or face default! by Pieroxy · · Score: 1

      If you can't raise taxes how are you supposed to pay down the debt?

      By borrowi... Oh wait.

      It seems as if the only way out is for both parties to give a little ground. But nobody not religiously involved ever doubted that.

    63. Re:Rewrite the Constitution or face default! by x6060 · · Score: 1

      Easy if you reduce the amount of money it takes to run the government you can take the excess in taxes and use it to pay off the debt. This isnt rocket surgery.

    64. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      This is extortion.

      It is only "extortion", if the perpetrator wants something (money, other objects of value) in return for not doing harm. Thus, it is the people, who defend their entitlements (represented by Obama), who are extorting the rest of us (represented by the Tea Party), not the other way around.

    65. Re:Rewrite the Constitution or face default! by gilleain · · Score: 1

      "And btw I expect "them" to rate my post down into oblivion. Expect to see it rated as flamebait, overrated or something else."

      This is slashdot, unless you insult Tolkien, Apple, MS or Linux they'll read the summary and give you an unbiased opinion, uninformed maybe, but unbiased.

      But "They" are everywhere, aren't they? I mean "aren't 'They'?".

      So this means that someone, somewhere is employed to browse Slashdot, vote on the firehose items, and bide their time. All for that one ever important moment...

      MODERATING SOME GUY'S POST DOWN!!

      Sinister - and ingenious!

    66. Re:Rewrite the Constitution or face default! by ceoyoyo · · Score: 1

      "total benefits of $686 billion were paid out versus income (taxes and interest) of $807 billion, a $121 billion annual surplus"

      Interesting. Perhaps that's why the US is so so far in debt.

    67. Re:Rewrite the Constitution or face default! by Bill_the_Engineer · · Score: 2

      Your title "Rewrite the Constitution of face default!" is a great summary of the Tea Party's position. The irony being that this extortion violates the very constitution that they pretend to follow. Section 4 of the 14th amendment states "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."

      John Boehner compared negotiating with President Obama to negotiating with Jell-O alluding to the president's changing stance in negotiations. However, John Boehner fails to acknowledge that he is renegotiating a budget that his party passed earlier this year. The debt ceiling only deals with the obligations already passed by this and previous house of representatives not future budgets. Who is really moving the goal posts here?

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    68. Re:Rewrite the Constitution or face default! by gilleain · · Score: 1

      For some reason this whole thread reminds me of a video I've watched a couple of times today:

      http://www.youtube.com/watch?v=gY3QmYqfgRI

      I'M....NOT....YOUR....GUY.......BUDDY!

      I don't know why, really.

    69. Re:Rewrite the Constitution or face default! by kilfarsnar · · Score: 3, Funny

      Now if you had used some argument to show how "Obama" was really white, and Boehner/et al were really Black, then he would switch sides to join you immediately.

      Obama's mother was white, so he is just as white as he is black. Does that help? As far a Boehner being black, I got nothing.

      --
      "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
    70. Re:Rewrite the Constitution or face default! by rockout · · Score: 1

      A minor point, but aren't "affect" and "effect" the same in Am. Eng. ? If so, it is weird to see it being misused - although, admittedly, I hadn't realised that this particular linguistic error is also a sign of political bias...

      No, they are not. To use "affect" as a noun (as the original illiterate attempted) you would only be talking about a disposition, feeling, or tendency. He was trying to convey the meaning of the word "effect" as a noun and failed. If he had said "It will not affect seniors" and used it as a verb, he would have been right.

      --
      I've learned that they're worthless, so I don't read AC comments anymore.
    71. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      As Obama has suggested, kicking the can down the road for 6 months and then going through this all over again, and again after that, does not bode well for future investment in the country.

      Oddly enough, when Obama says this he is trying to support his own threat to veto a 6-month debt limit increase. In other words, he too is threatening to force a default on the debt unless he gets what he wants. Doesn't sound so sensible to me. Republican, Democrat -- they're all trying to outclass each other in new heights of idiocy.

    72. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Gawd, I can't wait until September gets here so morons like you go back to school.

    73. Re:Rewrite the Constitution or face default! by smelch · · Score: 1

      Is disagree. I think this is exactly the kind of tough politics we've needed. Too long, too many people have been unwilling to make any meaningful changes to a system everybody agrees isn't going to hold up forever. In fact, they keep making it worse. Maybe tax revenues are the way forward, maybe all spending cuts until the economy gets better is the right path. I'm not going to weigh in on that. However, at least as a nation we're all aware of what is going on and something real is going to come of this (hopefully). The scare tactics around the issue of not raising the debt ceiling is the only problem I see with this debate. And the way I see it, Obama is doing that to manipulate the public in to agreeing with his way forward by making villains of the Republicans.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    74. Re:Rewrite the Constitution or face default! by kevinNCSU · · Score: 1

      While I don't know how I feel about the US situation this is a stupid question. You personally can't just decide to raise your salary so how do you save money and pay down debt? You spend less.

    75. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      I love how civil your arguments are been, Thank You!

      Given the breathtaking stupidity of the post he was responding to, I thought it was amazingly polite.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    76. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      LOL, got to love a good conspiracy theory...oh wait is that the black helicopters I hear.

    77. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      But I do agree that the Tea Party Republicans are a problem with their impossibly rigid views and policies. Most, if not all, should be made to rethink their positions by having them voted out of their positions.

      If you're not willing to compromise, then don't get into politics. It's all very well to have principles, but if you live a society with a democratic process, then you'll have to balance a number of needs and wants from the non-monolithic constituency.

      If you can't find balance between points of view, you can't govern.

    78. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      I'm not sure which part(s) of the Tea Party and John Birch Society you are opposed to, but I am assuming you bring up JBS because of it's opposition to parts of the civil rights movement. This is contrary to the Tea Party. If you mentioned them because of their views on limited government and individual liberty, well then you are right on...and more power to them!
      ALL was founded by democrats, and unfortunately they failed in their mission.

    79. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      I'm not a Tea Party supporter. In fact, I despise the Tea Party and their hardline approach to the debt ceiling issue. However, there is historical precedence for this sort of extortion. During Reconstruction, the former Confederate states were required to ratify the 13th Amendment in order to be readmitted as a state. We generally look upon the result of Andrew Johnson's Reconstruction policy as favorable, and with good reason. But the tactics were very similar.

    80. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      If you can't raise taxes how are you supposed to pay down the debt?

      The same way our hypothetical couple would do it: by spending less.

      Are you really so clueless that you couldn't figure that out on your own?

    81. Re:Rewrite the Constitution or face default! by sp3d2orbit · · Score: 2

      If you think there is any significant difference between Democrats and Republicans then you are as dumb as they hope you are.

      Both parties work for the banks. The same banks that finance their campaigns and finance the businesses that put them in power. The Republican Bush gave $750 billion dollars to his masters, then the Democrat Obama gave them another $800 billion. Why can't you see who benefits?

      The debt ceiling will be raised because the banks want it raised. An ever increasing share of tax money will flow directly into the banks in the form of interest payments. Both Republicans and Democrats will make sure it happens -- this little charade is just for show. To make you think the populace has some say. We don't.

       

    82. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      The 14th amendment may not mean what you think it means. The reason to hang some of the current issue on the President is that he has publicly said he would not sign any of the proposals currently before the house. He put in an ultimatum that the debt ceiling had to be raised enough to push the issue past the next national election. Budgets have to initiate in the house, but the senate and president have to agree for them to pass. That does mean congress has more responsibility to produce something than the president, but they did manage to get something that house democrats would agree to, but that Obama would not.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    83. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      But the birchers always were a fringe group, and do not have control of the tea party movement.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    84. Re:Rewrite the Constitution or face default! by kilfarsnar · · Score: 2

      Well, you see, Americans have been led to believe that our military is there to protect our freedom and keep the world safe for democracy. So anytime they are fighting they are fighting for freedom. In actuality, they are the enforcement arm of big business, and a means of American empire. But putting it that way doesn't give you that warm feeling inside, so we go with the freedom thing.

      --
      "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
    85. Re:Rewrite the Constitution or face default! by bberens · · Score: 1, Funny

      The moment Obama took the reins every cent we've spent in Afghanistan and Iraq should be under his name. The second that the Bush tax cuts were extended under Obama, they should be under his name, etc. etc.

      --
      Check out my lame java blog at www.javachopshop.com
    86. Re:Rewrite the Constitution or face default! by ElectricTurtle · · Score: 5, Interesting

      While I too have a dim view of FDR, and I agree that on the face of it he did precipitate our entry into WW2 by active policy decisions, at the same time do you really support the alternative? Japan attacked the US because the FDR administration would not budge on their efforts to coordinate sanctions against Japan for their activities in China, which were indeed heinous crimes against humanity. Would you rather the US did nothing? Should we have continued to trade with and supply a nation known to be committing a wanton genocide?

      FDR was guilty of many detrimental acts toward the American people, things which were so blatantly unconstitutional that he had to threaten to pack the Supreme Court with his own men to get the justices to reach such atrocious decisions as Wickard v. Filburn. However, objectively I'm not sure that many other Presidents would have been able to justify taking a different position toward Japan in terms of trade and diplomacy with conditions being what they were, and as such I cannot fault FDR personally for what more or less anybody would have done.

      --
      I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
    87. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      No, they're not. Many techies make juvenile mistakes that cannot be caught by spell checking.

      I guess we collectively need a "compiler" that spews out errors and warnings to learn a language.

    88. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Gawd, I can't wait until September gets here so morons like you go back to school.

      Need to explain yourself. Everything he said is correct.

    89. Re:Rewrite the Constitution or face default! by Duradin · · Score: 1

      And one unelected man controls both the Tea Party and the Republicans.

    90. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      Reduce spending on various programs and take the existing income that was going to those things and put them towards debt instead. It's not actually fair that obama gets blamed for the tripling of the deficit in 2009, but TARP 2 and the stimulus were contributing factors and that vast increase in deficit is what triggered the tea party movement's formation.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    91. Re:Rewrite the Constitution or face default! by gilleain · · Score: 1

      A minor point, but aren't "affect" and "effect" the same in Am. Eng. ? If so, it is weird to see it being misused - although, admittedly, I hadn't realised that this particular linguistic error is also a sign of political bias...

      No, they are not. To use "affect" as a noun (as the original illiterate attempted) you would only be talking about a disposition, feeling, or tendency. He was trying to convey the meaning of the word "effect" as a noun and failed. If he had said "It will not affect seniors" and used it as a verb, he would have been right.

      Thanks, I know the difference; I'm British. Anyway, I guess I was thinking of some other pair of words that are not separated in American, sorry.

    92. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Ummmm, they were voted INTO their positions because of their views and policies. The Tea Party members of Congress are doing exactly what their constituents voted them into office to do. That is how a democracy works.

    93. Re:Rewrite the Constitution or face default! by kilfarsnar · · Score: 1

      A minor point, but aren't "affect" and "effect" the same in Am. Eng. ? If so, it is weird to see it being misused - although, admittedly, I hadn't realised that this particular linguistic error is also a sign of political bias...

      Affect and effect are not the same. Affect is a verb, while effect is a noun. You must affect something to have an effect. I hadn't noticed the political bias either, until now!

      --
      "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
    94. Re:Rewrite the Constitution or face default! by Machtyn · · Score: 1, Insightful

      Perhaps, but what has Obama and company provided? One plan that was summarily rejected - it got 0 votes in favor. His second plan was summarily rejected by the CBO, with its head stating, "We don't do projections on speeches." That's bad. Then, he gets in front of the nation and the first thing out of his mouth was it's Bush's fault, "Our country was heading toward $1trillion in debt." (He forgot to mention he took us to $3.6 trillion.) The next thing out of his mouth was class warfare. Then he went on a rant of this is not how to run a country, blaming Republicans and absolving Democrats (despite Harry Reid's offer of a plan that also did not include tax hikes). A country is run by its leader, and Obama is not a leader.

      Besides, it is not the Tea Partiers blocking progress. Boehner and McConnell's plan was a compromise that met some of the President's goals. Then the President changed the requirements.

      The Americans wanted "Hope and Change". Sadly, they bought into the non-specifics of the ever-Present senator from Chicago. (Not that the Republicans nominated anyone worthy in 2008 - we got a liberal vs democrat for that general POTUS election). In 2010, the Americans sent a message and as many representatives as they could to DC for the real change they wanted. Can Obama blame these "Tea Party" representatives for doing exactly what they told their constituents they were going to do? Should those representatives do anything different? No.

      Let's hope in 2012, we can get more representatives in office that will put their foot down to the extravagant DC spending, those who will think more like the Taxed Enough Already Party with less government, more power to the people.

    95. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      It is hard to condemn a group that are taking the stance that they campaigned on - namely slashing government spending in order to put our fiscal house in order. Realistically cutting enough to balance the budget would be too great a sudden shock, and I think most of the Tea Party representatives know it. That said, demanding significant spending cuts so that debt is only raised in the short term, frozen in the intermediate term and reduced in the long term is pretty much the only means of satisfying those that elected them.

    96. Re:Rewrite the Constitution or face default! by sqrt(2) · · Score: 1

      Bullshit. You're assuming he has the power to instantly stop those things. He doesn't, even if the will is there. The Republicans and even a lot of Democrats wouldn't let him, so it's not his fault for being unable to work within our system to fix something someone else did. All those things require at least the cooperation of Congress, and there is a large group of people there who will simply not cooperate on anything he wants to do, no matter what, because making him look bad and keeping him as ineffective as possible is their number one priority, even above saving the US from default and financial melt down. They would rather the whole ship sink because he is at the helm. The idea of a Democratic president being successful is so much worse to them that they would rather watch the entire Republic burn around them than be party to helping him save it.

      Republicans hate Obama more than they love this country. There's is an ideology of suicide out of spite.

      --
      If you build it, nerds will come. Soylentnews.org
    97. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Is there a way to put a ceiling on your whining?

    98. Re:Rewrite the Constitution or face default! by Bill_the_Engineer · · Score: 1

      The 14th amendment may not mean what you think it means [nytimes.com].

      That is for a court to decide not a newspaper. Not to mention the following:

      This argument goes too far. It would mean that any budget deficit, tax cut or spending increase could be attacked on constitutional grounds, because each of those actions slightly increases the probability of default.

      doesn't even apply to subject at hand. The actions that are taking place now are (1) we have a law that passed authorizing the expenditure and collection of revenue for the current fiscal year and (2) the sole issue before congress and the president is the willingness to continue to pay on the debt that is already owed. Anything outside of those two facts are inconsequential. In other words, the 14th amendment enforces the law and obligation already signed into law and has nothing to do with how the budget was allotted. If congress wants to balance the budget then they have a legal responsibility to do it when they write the fiscal budget into law not afterwards.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    99. Re:Rewrite the Constitution or face default! by sqrt(2) · · Score: 1

      And what about people who DO already work full time but still are struggling? Should we cut them off from the little support they still have which keeps them from complete destitution or death? What about people who work full time but have no health care and can't afford another bill? You're not accounting for the fact that in America today it is possible to work full time and still not make enough to get by even meagerly. I'm honestly desperate to understand what people like you think should become of those people.

      --
      If you build it, nerds will come. Soylentnews.org
    100. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Do you realize that there isn't enough money to both take care of those who are already retired AND give back "our money"? The government has been raiding social security for ages with the promise to pay it back. Your plan is perfect if you want to see the deficit climb even higher. Also, I'm not sure what ideal leads you to believe that removing welfare will eliminate poverty and employ every person in the US. I'm sure you think your plan is well thought out, but it's not based on reality in the slightest.

    101. Re:Rewrite the Constitution or face default! by naasking · · Score: 1

      Step2: Disregard all evidence which is followed by a citation to Wikipedia.

      That's frankly ridiculous. You may only disregard a Wikipedia citation that does not itself cite a reliable resource for its information. The whole point of Wikipedia is to aggregate and summarize information, so use it properly.

    102. Re:Rewrite the Constitution or face default! by coldsalmon · · Score: 2

      This is not an appropriate example for two main reasons.

      1) You seem to assume that all the money added to the debt is discretionary spending (i.e. mink coats and graphics cards), rather than fixed living expenses, and that the couple can stop adding debt without any adverse consequences. If this were the case, then stopping the spending would fix the problem. However, your example would also admit of a more complex (and more likely) situation. Let me offer a backstory, as you have not provided one: the family had two wage earners, the husband and wife, and two children. The husband loses his job because of the recession. Suddenly, they cannot afford their mortgage and their living expenses. They have to borrow to pay their bills, which means they are bankrupt -- unless they take some action to either increase their revenue or cut their expenses. They have decided to move to a more affordable house, and the husband is looking for a job, but both goals will take months to complete. In their current state, they cannot afford paying their mortgage or feeding their children, so they borrow to finance the cost. Then one day the wife says she is going to stop giving the husband money for food until they have paid down their debt. The husband objects that their children will starve, they will get thrown out of their house, and their credit will be ruined. The wife makes the arguments you outline above. The husband responds that it is necessary for them to borrow to pay for their fixed costs of living until they can reduce them and increase revenue. The wife responds that, because the husband has lost his job due to the recession, his children deserve to starve and his credit deserves to be ruined. What the wife has failed to realize is that there are times when borrowing to finance a period of transition is reasonable and a good idea.

      2) You do not consider the possibility of raising revenue. Individuals and families do not raise revenue the same way the government does. Individuals raise revenue by working/trading, while governments raise revenue by taxation. In a family, it is difficult and sometimes impossible to raise revenue. For a government, revenue can be raised nearly instantly through taxation. This is the main reason why your example is inapposite: for a family, spending cuts are often the only realistic way to deal with debt, but for a government, revenue increases are also an option. In my example above, the family has a reasonable expectation of a revenue increase in the near future (the husband getting a job), so it makes sense to borrow rather than let one's children starve and one's credit be destroyed. Any rational family would want to raise revenue in addition to cutting spending if this was a possibility.

    103. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Obama was raised for part of his childhood by his white mother and his Indonesian step-father. In Indonesia. For the other part of his childhood, he was raised by his white grandmother in Hawaii. Furthermore, his father came from the Eastern side of Africa, whereas those we generally regard as being "black" in the United States, are descended from natives of the Western side of Africa. Obama may, in fact, be whiter than Boehner.

    104. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      I thought the Democrats were telling us there was no need to reform Social Security because there was a Trust Fund?

      Who said that?

      Sorry, but your rhetoric doesn't fly. It wasn't this Congressman who threatened the lives of seniors, poor people or veterans, it was Obama. The fact of the matter is that if the debt ceiling is not raised, there is no reason for the federal government to default. There is, also, no reason for the federal government to not send out SS checks or pay the military.

      Someone's not gonna get paid. Who do you think it will be?

      I have a question for you, what happens if they increase the debt ceiling and no one wants to buy the new bonds? That day is going to come sooner or later. Isn't it a good idea to start reining in spending now, while people are still willing to buy U.S. government bonds rather than wait for that day?

      You assume that steps won't be taken to reign in the deficit. I'm not seeing any argument against that from anyone, only an argument about how it should be done.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    105. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 1

      And that's what needs to happen, a compromise.
      For those who don't recognize the term, let me help.

      It means taking some of the points from one side of the argument, and some points from the other side, and putting the stuff that neither side can accept aside for now.

      Basically, find the stuff both sides can agree on and do that.

      Unfortunately, since neither side gets to jump up and sown screaming "We beat the SOBs. We are the winners" then it probably won't happen.

    106. Re:Rewrite the Constitution or face default! by Xest · · Score: 1

      I don't think he's suggesting the Tea Party rank and file are part of some plot, but the Tea Party elite. The rank and file are just poor dumb bastards who follow along.

      It's not like such thing is impossible, in World War II of course many of the German people weren't complicit in plotting to kill the jews or planning to invade half of Europe but they still supported the party in it's rise to power because it gave the same kind of populist rhetoric that sounded like a good explanation as to why their country had gone to shit.

      Now i'm not really one for conspiracy theories, so I'll admit the OP's does sound a little over the top and unlikely, but I don't think we should underestimate the danger of smart evil people praying on the gullability of the uneducated to help drive their plans whilst keeping them completely naive to what they're really after.

    107. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Reign should be rein. Should have previewed.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    108. Re:Rewrite the Constitution or face default! by Bob+the+Super+Hamste · · Score: 2

      There are approximately $2.6 trillion dollars in the Social Security Trust Fund; those assets can be used to pay benefits

      Um no they can't. The Social security trust fund isn't some giant vault with stacks of $100 bills but is filled with a bunch of I.O.U.s that are government bonds, so nothing to tap here

      Treasury could sell some of its assets in order to pay the bills.

      What assets? Oh you must mean the gold and other precious metals the the treasury holds which sounds like a really stupid idea. Maybe you meant other assets the government owns, like the strategic petroleum reverser or other strategic asset reserves that are meant to be used in time of war in case there is an embargo. Do you mean some of the BLM land that the gov owns, in that case you might have a good idea but I doubt that is what you were thinking as there doesn't appear to have been much of that going on.

      The Treasury Department could also make cash available from the trust fund by “disinvesting” some of the money used to buy government bonds

      Apparently you don't really understand the difference between the fed and the department of the treasury. The federal reserve is the one that has been buying up gov bonds with such programs like QE1 and QE2. The treasury is the one that has been issuing the bonds. It doesn't really work if I am both the issuer and buyer of bonds as that doesn't bring in any money as all I really have is a promissory note that I paid my self for saying that I will pay myself back in the future more than was initially paid. Please tell me how this increases available funds within the government because you are obviously smarter than every economist that has ever walked the earth.

      You are correct that the treasury could prioritize payments but who should get paid? I have some suggestions of those who shouldn't get paid first, government contractors in Iraq and Afghanistan, the people building the F-35 JFS, subsidy checks for agriculture, Pakistan are some that we probably shouldn't be paying for to begin with. I don't hear you coming up with solutions that aren't completely half baked.

      --
      Time to offend someone
    109. Re:Rewrite the Constitution or face default! by geekoid · · Score: 1, Insightful

      "Then the President changed the requirements. "
      That is completly false, as is much of your ost. Did you just copy and paste that?

      "t their foot down to the extravagant DC spending, "
      See, that's a meaningless emotional statement. It doesn't help. What extravagant spending?

      "Taxed Enough Already Party" AKA Don't pay our bills party.
      Another meaningless statement. Taxed enough compared to what? What is that based on? Everything I have read the Tea party has zero logic behind what that means.
      There nothing but emotional and strawman fallacys of a party.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    110. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      So pay more taxes. Nothing stops you from unilaterally doing that.

    111. Re:Rewrite the Constitution or face default! by sorak · · Score: 3, Insightful

      This is how democracy works, FYI. It isn't extortion, it is how that pesky legislative process works. Troubling, I know.

      No. It is not how democracy was intended to work. You do not threaten to harm the country if your demands are not met.

    112. Re:Rewrite the Constitution or face default! by Que914 · · Score: 1

      It never really jumped out at me until seeing it in italics, but does anyone else find it scary that a nation claiming to be the leader of the free world, has, in it's foremost legal document, the words "shall not be questioned."?

    113. Re:Rewrite the Constitution or face default! by Chemisor · · Score: 1

      Do you realize he's not only threatening all their jobs, but he's threatening to withhold their pay that they earned fair and square.

      The question is who is threatening all those jobs? Suppose you have a pesky neighbor who ruffled through your mailbox and managed to obtain a credit card in your name. Then he proceeded to use it to buy himself expensive stuff and pay workers to make improvements on his house. After a while he hits the limit on the card. So he comes to you and says that you must give him another line of credit or he'll be forced to default on the debt and ruin your credit rating. He also implores you to consider all those workmen employed at improving his house; the economy is bad, he says, and if I can't keep paying them, they'll be out of a job. They have families to support; how can you be so hard-hearted as to not help them?

      Let's say you give in to these arguments and let him open another line of credit in your name. He proceeds to do more of the same buying and hiring. For a while all is well. Workers are employed and their families are fed. With your money. Time passes, and the second line of credit is exhausted. So the neighbor comes back to you and asks for another line of credit, presenting the same arguments as the last time. Do you give in? If so, how many more iterations will it take before you just declare bankrupcy and take the consequences?

      The trouble with the national debt is that you don't see it as yours, even though it is. Your share is $46000. When will you pay that back? Or are you hoping that the number will just vanish somehow on its own? That's called a default, you know, and it isn't a catastrophe - it's merely the acceptance of reality, which is that you do not want to pay it back and never will.

    114. Re:Rewrite the Constitution or face default! by KarrdeSW · · Score: 3, Informative

      You realize this says "taxes and interest" under income, right? Social security contribution from the American people only come through a tax... why would the word "interest" be under income?

      Because social security 'invests' its money into federal securities, which the federal government then uses to finance other programs (this and similar IOUs to trust funds make up about 4+ trillion of the current debt). The intention is, of course, to pay off the necessary securities before the social security payments need to be sent.

      Now, the federal government could choose to pay those obligations and default on something else. Not all of the debt has to go bad at once, but this is a delicate balance. Do you pay your overseas creditors? Do you pay your employees? Do you pay your debts that you owe to yourself (social security)? As far as protecting the credit rating goes, it's probably wisest to pay outside creditors first. The fact is we already hit the debt ceiling in May, and we are holding on until August 2nd by not investing in certain federal pension and retirement programs with the excuse "we'll make it up later once we get a higher debt limit". This is at least a slight bit of evidence that we are more likely to prioritize outside creditors, and therefore default on something like social security or federal wages.

      But it all remains to be seen... The fact is I'm a little surprised the Treasury hasn't released a plan with its payment priorities already, or at least I haven't been able to find one.

    115. Re:Rewrite the Constitution or face default! by jackbird · · Score: 1

      We spent it on tax cuts for the richest people and the biggest businesses. Maybe they could be asked to give some of it back. The same Republicans who threatened a government shutdown over not allowing the Bush tax cuts to expire are now screaming about fiscal responsibility. This is also known as pissing on you and then telling you it's raining.

    116. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      You assume that steps won't be taken to reign in the deficit. I'm not seeing any argument against that from anyone, only an argument about how it should be done.

      I'm not seeing any actual proposals from the Democrats that rein in the deficit. The only spending proposal from a Democrat (Obama) would increase the deficit. Everything else from the Democrats is talk with no actual specifics.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    117. Re:Rewrite the Constitution or face default! by D'Sphitz · · Score: 1

      if the Liberals simply stop spending all of our money on needless things

      Right on, damn liberals are spending our money on needless things that help people. If not for that frivilous crap that nobody wants we could have another war, maybe two!

    118. Re:Rewrite the Constitution or face default! by xeube · · Score: 5, Informative

      Did you really watch the Address to the Nation? The approach proposed by the President seems quite fair. On one hand he wants to cut expenditure while making sure that the rich few pay the fair share of taxes. Heck, he even said that he, as President, would be prepared to pay higher taxes and so should the other Congresspersons and Senators. He didn't put blame solely on Republicans, he also blamed the Democrates for this impass. But what do I know righ? I'm just a Canadian interested by the crisis and the repercussions it might have on our economy or the economy or other nations!

    119. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1
      I forgot to respond to this.

      Someone's not gonna get paid. Who do you think it will be?

      Guess what? That is up to Obama, unless Congress passes a law specifying differently. That means it is Obama who is threatening the lives of seniors, poor people or veterans. Obama or the Democrats in the Senate could put a proposal on the table and then we could debate the relative merits of the Republicans' plan and the Democrats' plan. The problem with criticizing the Republican's plan is that it is the only plan on the table. There are, currently, no other options (except to keep on racking up ever more debt until to no one will loan the government any money).

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    120. Re:Rewrite the Constitution or face default! by SiChemist · · Score: 1

      What you offer is a reasonable solution. And, I think that most Americans would be okay with that. But the rest of us are being held hostage by a small group that is ideologically opposed to practically all taxation.

      I just don't understand how we got to a place where a tiny fraction of the population can bring down the economy just by being vocal. It boggles the imagination.

    121. Re:Rewrite the Constitution or face default! by m0s3m8n · · Score: 0

      Oh cry me a river. This is exactly why we need a flat tax on EVERYONE. Too many people sucking off the hind tit of the government. Too many people have no skin in the game; what the hell do they care, they don't pay any tax. Get the fuck out of the car the start pushing. I just want to puke.

      --
      Conservative, mod down for violating /. political norms.
    122. Re:Rewrite the Constitution or face default! by tnk1 · · Score: 1

      That's a little simplistic. Most politicians and bureaucrats do not work for the banks or private industry or special interests. Most of them are simply trying to do what they think is right. The problem is that quite a few of them worked for banks, industry or special interests and their definition of what is "right" is informed by their experiences.

      Those same people are also bombarded with those same interests who pay people to get appointments with them and do lunches with them and etc. This creates a governmental fantasy world that is disconnected from reality.

      Of course, some of them are on the take. Maybe even a lot of them. However, you are not really going to get anywhere if you just assume all or most of them are bought and sold. They don't actually need to be, in order for this position to be reached.

      Most elected officials have no clue about economics. Some of the longer serving ones have gained some reasonable experience, but are still amateurs. If they need expert advice about economics, who are they going to go to? Academics and private sector bankers and financiers. Both groups have their own deficiencies when it comes to getting the best deal for the man on the street.

      The debt crisis may well serve the banks, but the fact is that it is going in a direction that is amateur and ham-handed. That's a hallmark not of banks, but of raging idealism. Do you really believe the banks would allow the US to go into default to get their way? They sure as heck didn't need to do that to get a trillion dollars out of the government. All they need to do is to make it look like *they* will go out of business.

    123. Re:Rewrite the Constitution or face default! by geekoid · · Score: 3, Informative

      To be pedantic: No US president did that. FDR signed an order allowing the military to create exclusion zones. Race wasn't mentioned. It is critically important to remember that, because of it's far wider implications then an order to inter X people. Had race been specified, it never would have stood against the supreme court.

      It was General DeWitts order that interred the Japanese.

      IT can be argues that the Nihau incident was the tipping point from a military perspective, and fueled by the farmers of CA desire to rid the Japanese from farming.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    124. Re:Rewrite the Constitution or face default! by D'Sphitz · · Score: 1

      John Boehner compared negotiating with President Obama to negotiating with Jell-O alluding to the president's changing stance in negotiations

      Other's might call this attempting to compromise, it's not surprising he's confounded by the concept.

    125. Re:Rewrite the Constitution or face default! by geekoid · · Score: 1

      No he was not a fascist. You're being stupid.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    126. Re:Rewrite the Constitution or face default! by jriding · · Score: 1

      Mod parent up!

      --
      love the taste, hate the texture
    127. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      Lawrence tribe is a fairly well recognized legal scholar. Not sure what the inverse of appeal to authority is, but it fails in this case.

      The biggest issue is that the debt ceiling doesn't affect the paying of debts, it limits the increase of new debt, which is not actually the same thing. It's quite reasonable to say that Obama is required to cut spending in other areas in order to pay off existing debt, maybe by furlough or layoffs of the federal workforce. Since the power to borrow money is invested in the legislature as per Article 1 section 8, that is arguably the only option he can constitutionally take. The president can legitimately choose not to do something if doing so would violate the constitution. Authorizing payment for something by law in the future is not actually the same thing as authorizing debt.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    128. Re:Rewrite the Constitution or face default! by bzipitidoo · · Score: 2

      Of all the ways to push a position, why has Congress opted for such a destructive one? Your credit card example and what Congress is doing have the same problem: it damages our credit rating. Our interest rates will go up, and this will hurt everyone. Even bankers and the rich will be hurt, though it might appear all this is good for them. Congress could have done so many other things to force a deal on our finances. But they chose a way that ironically will harm our finances in order to "save" them.

      And the rich are the other big problem. Maybe Congress is just a bunch of puppets in the hands of rich campaign donors. What does it take to persuade the rich that all this is a really bad idea? And to get a sense of responsibility for their actions? The way they act, it's all money and power, and no responsibility. And what they want is always more, more. They do anything they want, and the consequences and costs are always someone else's problem. This is what government is for --- organizing our collective responses to the big problems, while being held to a modicum of accountability through democracy. Problems too big for anyone else to handle. Too big to fail. Who was it who bailed out the financial scumbags and ingrates in 2008? We all did. No one else could. And then Wall Street does their utmost to undermine and demonize financial regulation. Haven't the Republicans got a fantastic deal already? Why isn't it good enough for them? Should we kill off Frank-Dodd, the SEC, and the Fed too? We have to have policing of the financial markets, like everywhere else. Otherwise, we shall see more retirement and educational and other funds badly mismanaged and lost. Oops. Let the corruption get too bad, and the stock market may lose all credibility. This irresponsibility is what Woodrow Wilson complained about, and he was right. The Roaring '20s ended in a collapse that brought on the Great Depression.

      --
      Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"
    129. Re:Rewrite the Constitution or face default! by Xest · · Score: 1

      "This is contrary to the Tea Party. If you mentioned them because of their views on limited government and individual liberty, well then you are right on...and more power to them!"

      Is this the same party that's against a woman's right to decide to have an abortion, and against gay marriage rights or have you found some other kind of party or something? From what I can see the Democrats still seem to be the party most friendly to gay rights and pro-choice camps, so how have they failed in relation to the Tea Party in this respect?

      The Tea Party may well claim to be about limited government and individual liberty, but really, what they say they want, and what they actually push for, couldn't be more in conflict.

      It's like when Sarah Palin claims about how she's all about protecting free speech too, but then sends people with guns to intimidate political candidates at town hall meetings, and calls for the silencing of the likes of Julian Assange- saying she wants free speech, and actually wanting it are again two different things.

      But that gets right to the root problem with the Tea Party - it's built on a flood of hypocrisy and ignorance.

    130. Re:Rewrite the Constitution or face default! by Cajun+Hell · · Score: 1

      Although I'm well aware of the "Republicans are all old white men" stereotype, do you seriously believe Boener and his allies were politically active in the 1930s? (80 years ago, making all these people at least centurians.)

      Do you realize that if you were to actually prove your allegations (shit, just provide even vaguely credible evidence, fuck proof) , it would upstage the "birther" conspiracy?

      --
      "Believe me!" -- Donald Trump
    131. Re:Rewrite the Constitution or face default! by sqrt(2) · · Score: 1

      Again, it's possible to literally be working as many hours as you physically can, you need some minimum amount of hours a day to sleep and eat, and still not be able to support yourself and your family. Your opinion is basically to tell them, tough luck, you guys should starve for your poor choices. Even that is rather presumptuous of you, you don't know everyone's situation or what pushed them into their state in life. It's absolutely your right to be that callous and indifferent, I just wish more people would come out and say that's how they feel. You think it's perfectly acceptable for people to starve to death in the streets. So you should really own that position you have, don't be afraid of it if that's how you feel. I think that's the best thing our country is if The Right would stop pretending they are doing people a favor and everything will be OK. If they came out and said, yeah a lot of you people who are voting for us are going to probably die or be cast down into abject poverty if we ever get our way and can really control all the decisions, then we'll finally have a government that really reflects people's values. No one will willingly vote to regress to feudalism, they have to be tricked into that by being made to thing they will be better off. So intellectual honesty from Republicans is the best thing to prevent that from happening.

      And thanks to Obamacare I can afford healthcare for the first time in my life, or at least will be able to soon when all the provisions go into effect. I would have been uninsured and uninsurable before that Act, so I am intensely grateful that it was passed even if it was not the full reform I was hoping for. I do trust the government to make it work because I am the government. You are the government. We are all the government. It's us, and it will be as good as we are as a people. Many other peoples around the world make it work and we are just a good as they are. There's nothing they can do that we cannot.

      --
      If you build it, nerds will come. Soylentnews.org
    132. Re:Rewrite the Constitution or face default! by geekoid · · Score: 1

      I have had several discussion, and none of them were reasonable people. Not at all.
      They weren't raving, but the clearly had no idea how the government runs, are clueless to the facts that prices go up, have no plan on what to cut, and when pinned don't they don't want any services recedes, but they do want taxes reduced.

      The have no idea about US government finances and couldn't even tell em what a discretionary fund was.

      They were all wrapped up in some nonsense argument because they want something to be true that isn't
      I suggest you read "Paranormality: Why we see what isn't there". Apply what he talks about in the first 25% of the book to the tea parties arguments... well, to ANY politicians arguments, but the Tea party is pretty obvious.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    133. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Well, I think it'll only be rated "flamebait" because there's no downmod for "rambling conspiracy theorist". I mean, given my knowledge of the matter AND of current events, what you're saying sounds pretty reasonable and accurate, but is there any way you can discuss it without sounding like you're one step away from modeling this year's hottest fashions in tinfoil headwear?

    134. Re:Rewrite the Constitution or face default! by MacGyver2210 · · Score: 1

      What seems crazy is that people forget that the 2nd Amendment was crafted to allow us to shoot dictators and tyrants. In a crazy person's mind, we may already live in a dictatorship, giving them the perception it's ok to shoot law enforcement/politicians and take over or eliminate their roles in government.

      It is a sad fact for the US government that so many people now consider it a police state or dictatorship, based on their overreaching of the constitution and its bounds. Until tanks roll through the streets and a curfew or other militant restriction is imposed, it's not ok to shoot people over political differences.

      --
      If the only way you can accept an assertion is by faith, then you are conceding that it can't be taken on its own merits
    135. Re:Rewrite the Constitution or face default! by Bill_the_Engineer · · Score: 1

      Lawrence tribe is a fairly well recognized legal scholar. Not sure what the inverse of appeal to authority is, but it fails in this case.

      Legal scholars are like economists. Don't like the opinion of that legal scholar, not to worry just ask a different one. Legal scholars have opinions not authority. Judges have authority.

      The biggest issue is that the debt ceiling doesn't affect the paying of debts, it limits the increase of new debt, which is not actually the same thing. It's quite reasonable to say that Obama is required to cut spending in other areas in order to pay off existing debt, maybe by furlough or layoffs of the federal workforce.

      What you don't seem to understand is that congress can furlough or cut spending in the NEXT fiscal year and not within the budget they just signed into law. Congress passed a law and now they are trying to circumvent that law by not providing adequate credit to enforce that law. There is no new debt, there is only the debt that was already signed into law.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    136. Re:Rewrite the Constitution or face default! by Pewpdaddy · · Score: 1

      If you can't raise taxes how are you supposed to pay down the debt?

      Are you kidding? Spend less up front, you don't per se have to make more right now... You just need to spend less than your bringing in... My six year old can save money. Why can't we as a nation?!!

    137. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Republicans hate Obama more than they love this country. There's is an ideology of suicide out of spite.

      And the ultimate hypocrisy is that aside from healthcare and a number of other minor deals, Republicans are lambasting him for literally following the Republican plan. Literally, any Republican who says they would have done things differently (excluding healthcare and a number of extremely minor other talking points), they are knowingly lying to your face. Either they are lying now or they lied before the election. Either way, they are lying.

      Republican's are basically saying, if you believe anything we say, you are an idiot.

      Keep in mind, I'm a registered Republican.

    138. Re:Rewrite the Constitution or face default! by Teancum · · Score: 1

      There is a huge difference between a small loan that is used for day to day purposes and having loans which will take years, decades, or even generations to be able to pay off. I know many people who are largely out of debt but occasionally do use a credit card for occasional purchases precisely for the same "cash flow" issues you are talking about. Yet they pay those debts off at the end of the month too.

      On the other hand, some people get into credit card debt as a source of income.... which it should never be treated as such. That is sort of like what the federal government is doing here, where the debt is so incredibly out of control that it dominates all of the discussions. Even if not a single penny was spent on anything else, it would take years of tax revenue just to pay off the current debt. Yes, it has been that way since practically the foundation of the American Republic, but that doesn't make it any better. At least for previous generations there were some significant attempts to pay off that debt.... which isn't happening at the moment.

      What is worse now, servicing the debt is becoming an increasingly huge portion of the federal budget. Between interest on the debt plus "non-discretionary spending" such as Social Security, Medicare, and retirement benefits for federal workers as well as several other "protected programs", over 100% of the federal tax revenue is already accounted for. That means everything beyond those programs like military spending or federal funding for education must come from borrowed money. That is simply an unsustainable situation and I blame both the Democrats and the Republicans for getting us into this situation. There is plenty of blame to both parties and neither is even now trying much of anything to realistically change that situation either.

    139. Re:Rewrite the Constitution or face default! by geekoid · · Score: 1

      "The reason to hang some of the current issue on the President is that he has publicly said he would not sign any of the proposals currently before the house. "

      That's a pretty simple view. What ahs been put before him is nonsense that Boehner knows won't be signed. IT's a false choice.

      As for your crappy link:
      A blurb and speculation, well done. How about some details? no, that would lead to facts, and god knows every time a hard question requires facts has been asked of the current 'republicans' they evade, or distract.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    140. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      You are attempting a:

      [X] Logical
      [X] Reasoned
      [X] Sane
      [ ] Fact-based
      [ ] Centrist
      [ ] Libertarian
      [ ] Constitutional

      response to a Tea Partier. This will fall upon deaf ears because:

      [X] dat uppity nigger obumma wants to ruin mah kuntry
      [ ] derez a fox in mah henhouse n 0bama wantz to take mah gunz away
      [X] But Rush Said So
      [X] But Glenn Beck Said So
      [X] Sarah Palin Said So
      [X] Fox News Said So
      [X] all dem democrats iz socialists
      [ ] kick dem brown folks outa my state
      [ ] ah needz mah assault rifle 2 hunt superdeers
      [ ] dere takin ur JOBZ!
      [ ] herp derp

    141. Re:Rewrite the Constitution or face default! by x6060 · · Score: 1

      Which is more threatening?

      Option 1: Fire some employees and cut costs.

      Option 2: Keep going the same way you are going until everyone is out of a job.

      Also, just out of curiosity are you implying that the government should never fire ANYONE?

    142. Re:Rewrite the Constitution or face default! by LoyalOpposition · · Score: 1

      But I do agree that the Tea Party Republicans are a problem with their impossibly rigid views and policies. Most, if not all, should be made to rethink their positions by having them voted out of their positions.

      Is that truly your view? It seems somewhat...rigid. Actually, it seems impossibly rigid. Perhaps you should be persuaded to rethink your position.

      Confession time: I don't really believe that. My point, and I do have one, is that it seems to me that there are two parties who haven't come to an agreement because of rigid requirements they have placed on the outcome.

      I have a lot of sympathy for the Tea Party. I would probably join up if I only knew where to go about it. Of course, I'm basing this solely on the slogan, "taxed enough already." Well, that and the fact that some pundits, whom I have come to disagree with, seem to go into such a rage every time they mention the name. Seemingly, I can't go too far wrong by opposing them at every juncture.

      It seems to me that one thing has been lost in all the debate. That thing is: what the reason for the debt ceiling was. If memory serves, at the time it was passed there was a serious movement afoot to pass an amendment to the constitution requiring a balanced budget. Opponents of the amendment at the time claimed that congress could accomplish the same thing by passing a law limiting congressional borrowing. The advantages of a borrowing ceiling was that it would be much easier to pass, and that it would be flexible enough to allow for changing conditions--conditions like war. Proponents claimed that it would be too easy to change the debt ceiling, and would amount to little more than window dressing. I think that the proponents were right. How many times has the debt ceiling been raised? Sixty times? Seventy? Looks like window dressing. In that respect, what the Republicans are doing is simply following (slightly) the original stated intent of the law.

      Actually, I'm not a proponent of either the borrowing ceiling or the balanced budget amendment. I would rather see an amendment to the constitution that placed a limit on spending, perhaps as a fraction of the previous year's GDP. I can see a necessity for relaxing that requirement in the event of war, but it seems to me that it would have to be a declared war.

      ~Loyal

      --
      I aim to misbehave.
    143. Re:Rewrite the Constitution or face default! by geekoid · · Score: 1

      Do you even know what fascism is?

      I mean, besides a scare word republicans throw around?

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    144. Re:Rewrite the Constitution or face default! by Moryath · · Score: 5, Insightful

      I had a small amount of sympathy for them.

      Then I went to one of their rallies and saw the raw racism and insanity of their followers.

      "Taxed enough already" - you do realize taxes are the lowest that they've been since the 1950's, right? That the "top income earners" actually, after you count up all the loopholes and compare how much of their "income" actually gets taxed at the much lower Capital Gains rates, actually pay less in taxes than the middle class do?

      This is the problem today. There is so much disinformation and misinformation spewed out there by Rush, Beck, Faux News, and the rest of the insane nutwing noise machine that large numbers of people are willing to give them the "well if even if a little of what they say is true" benefit of the doubt. And then we get people like you who wind up with "sympathy" for the Tea Partiers because you aren't informed enough to realize how full of crap the Tea Party is.

    145. Re:Rewrite the Constitution or face default! by geekoid · · Score: 1

      John Boehner states President Obama is changing things, offers no proof or examples.
      President Obama site specific examples on John Boehner not compromising.

      In my opinion John Boehner is a psychopath who will lett the country burn around him in order to meet his #1 goal: Make Obama a 1 term president.

      Think about that.. his number one goal. Above you, or me, above the economy, above long term thinking, above the military, above everything.

      .

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    146. Re:Rewrite the Constitution or face default! by GooberToo · · Score: 1

      And what about people who DO already work full time but still are struggling?

      The fact of the matter is, MOST people who fall into this category struggle because they poorly manage their money and expect (actually demand) everyone else to make up for their everyday bad decisions.

      Its amazing the number of people who live below the poverty line who have money for cable, alcohol, tobacco, name brand and nutritionally sparse foods, soda, occasional fast food (typically more frequently than I had as a child), so on and so on. The simple fact is, a large number of today's poor have a surprisingly high number of luxury items while still receiving federal and state assistance.

      Its actually surprisingly easy to affordably feed a family a nutritionally dense meal. The simple fact is, the majority of the second and third world does so every day. It seems, largely only Americans, are too stupid to do so in spite of the fact America's poor are considered wealthy in comparison to the majority of the world's poor.

      The reality is, the vast majority of those who are struggling to get by can do so without assistance. The reality is, the vast majority of those who are struggling to get by can do so by simply taking responsibility for themselves for once in their life.

      The reality is, birth control is cheap and plentiful. There is absolutely no excuse in America to have children you can't afford. Paying extra benefits beyond two child is stupid, wasteful, and absolutely undeserved. The sad fact is, there are literal, multi-generation, profession benefit scumbags alive and well who have luxury goods I could afford until I was mid twenties, working 60-90+ hours per week. The reality is, the vast, vast majority of people receiving benefits absolutely do not deserve them nor need them.

    147. Re:Rewrite the Constitution or face default! by thomasw_lrd · · Score: 0

      I'm not that callous or indifferent. I really don't want people to starve, but I know a lot of people that are living off the government even though they are able-bodied, and able to work regular hours and support their family. We do need welfare reform though. Give it to the single mother that is trying to go to school to make a difference in her life. Give it to the 18 year old man who's family can't afford to support him while he goes to school. Let's stop giving it to a mother with 6 kids, who just sits on her ass living off of welfare. There needs to be reform, and it needs to be sooner rather than later. As I've said before and I will say again, I have six kids and a wife, I worked full-time, had healthcare, paid my bills, and went to school. Did it take me 6 years to accomplish an associates degree, yes. Was it hard, hell yes. My wife also went to school full-time during this period. No she didn't work, it's hard to work when you're in a full-time nursing program. I made sure she didn't. We made do with our salary, and yes we had some help, we got pell grants from the government, and we took out massive government sponsored student loans, which we are now trying to pay back. But we never qualified for food stamps, section 8 housing, or federal aid. We did qualify for a state program that paid most of the daycare we needed while my wife was in school. We live in the land of opportunity, and people need to use that to better themselves.

      Is an education the answer, I don't know anymore. Maybe in a better economy, but let's face it, factory jobs in America are going the way of the dodo's. It's just too hard for a company to pay employees, and still make a profit. But the answer is not to try at all.

    148. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      But how does the president decide which law of congress to break? Breaking the debt ceiling explicitly takes on powers reserved for congress. Spending less than authorized is probably within executive authority, since authorization to spend is not a requirement to spend. The budget did not sign debt into law. The debt limit law allows the fed to issue bonds up to that limit as needed to meed spending requirements, and not a penny more. They are not circumventing the law by needing a new law to allow more bonds, they are following it.

      To reiterate: nothing whatsoever in the budget bill authorized debt. It only authorized spending. They are not the same.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    149. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1, Troll

      The Faux News/Tea Partier "bury brigade" has been running through Slashdot lately, if you didn't notice. I just watched in the last hour as every insightful, factually supported comment that contradicted them got downmodded 2-3 points while every copypaste of their idiotic rants somehow got upmodded the same amount.

      Someone's playing the modpoint lottery with a ton of fake accounts to pull this off. I counted roughly 300 points worth of modding in that short time frame. Slashdot never sees that kind of behavior in normal modding. The last time I saw this it was when the Ron Paulbots were out in force.

    150. Re:Rewrite the Constitution or face default! by IVI+V+K · · Score: 3, Interesting

      Interesting comparison, but the big difference is that the time for the US government to debate taxes and spending is when the government passes a budget, not when bills come in.

      Congress has already approved this spending, if they want to change it, change the next budget.

      What is happening now is pure extortion. Cut our previously agreed to budget (a legal document for the executive branch must follow) or we will destroy the countries credit rating.

      Also, Passing a balanced budget amendments would not prevent our current debt.

      Since W became president, almost all of our debt is from the following:
      1. Reduced tax income from the mortgage crisis recession (unregulated corporate corruption)
      2. War spending that was never offset in budgets and intentionally kept separate from the budget process by the Bush Administration.
      3. The Bush "Temporary Tax Cuts". These tax cuts were temporary solely to avoid having to pay for them through budget spending cuts.

      See the breakdown here: http://www.nytimes.com/imagepages/2011/07/24/opinion/sunday/24editorial_graph2.html?ref=sunday

      Each of the items above would be excluded from a balanced budget amendment.

      War spending has been excluded from all balanced budget amendments.
      Extent of revenue losses during economic downturns also cannot be accurately predicted and will cause deficits.
      Lastly, Republicans have always excluded paying for tax cuts through spending cuts, (they prefer to give you the tax cut now and starve the system after you are hooked, kind of like drug dealers the first one is free)

    151. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      In at least one case, the only reason given not to sign was that it didn't extend the debt limit enough to cover past the next election. You don't like that link, how about this one. Obama bears full responsibility for his demand that the debt limit increase be large enough to last until 2013.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    152. Re:Rewrite the Constitution or face default! by Cajun+Hell · · Score: 1

      I mean, it's kind of like your wife saying I'm not giving you any extra money to pay the bills until you hand over the credit cards and let me cut them up.

      You explain "We can make the minimum payment"

      And your wife says, yes, for now...but you just added another $2,000 grand to our credit debt

      I'm surprised anyone really sees the situation like that. I know, I shouldn't be, but how could anyone really believe that? Are memories really that short?

      Congress passed a deficit budget. The analogy is that the wife had the credit cards and scissors all along, but got all teary-eyed every time she held the scissors up to the cards, and was happy to whip them out whenever she wanted to buy something. Now the bill has arrived and she's regretting it, so she's saying that not paying the bill is a reasonable option.

      She can still cut up the cards at any time, but that has jack shit to do with the bill that is already due.

      She's pretty much admitting that she and her husband don't have the discipline to not whip out the credit card the next time they spend. Perhaps that's the one rational and truthful and honest statement from her. But then she says, "hubby, let's make a pact that we won't do that again. We can change our mind later (like we always do) and still overspend, but for the very immediate moment, let's agree to lie to ourselves that we're going to stop spending so much. And hubby, if you won't join me in this self-deception, then I'm going to stop you from paying the credit card company."

      I'm not sure that's really any worse than hubby's position, but it's still pretty fucked up.

      --
      "Believe me!" -- Donald Trump
    153. Re:Rewrite the Constitution or face default! by DavidTC · · Score: 1

      Personally I believe the president should issue an executive order raising the arbitrary debt ceiling. Section 4 of the 14th amendment requires such drastic action since it states that "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." In other words, the republicans already authorized this year's debt when they passed the fiscal budget, and they are violating the constitution by refusing to make sure we have enough funds (from both taxes and credit) to meet those obligations.

      I think the president is eventually going to do that if they do nothing. In fact, I suspect he had Bill Clinton float that idea on purpose, to make sure people were paying attention to the fact he could.

      But only after either the Republicans have proven themselves total idiots who couldn't accept the deal that was exactly what they demanded, or they will accept the deal, and the Tea Party will murder them in primaries because the Tea Party is a bunch of wackjobs.

      Seems a bit harsh, but the Republicans elected people who have proven to be in the class of people called 'dangerous idiots', and we need them out of office as fast as fucking possible. They're the sort of people who, when they do not like when the bus is going, attempt to fight the bus driver over control of the steering wheel.

      It's probably worth mentioning that the President could probably do this even without the 14th amendment. The president has been handed two conflicting laws. He's legally required to spend money, and he's not legally allowed to borrow the money he needs to spend. In those circumstances, he can probably say 'fuck this' and go with the most recent law, aka, the budget.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    154. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      But that's not really evidence for a conspiracy to destroy America through a combination of an economic crash and subsequent reactionary uprising, now is it. Since elucido is +5 Insightful for believing in such a thing, I'd have thought he or one of his fans might have a bit more evidence for how it might come about. And, like him, I demand EXACT NUMBERS.

    155. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Which president summarily executed American citizens without benefit of trial? Oh that's right it was FDR, sounds like we already had a dictatorship.

      The rant from elucido may have been a bit on the nutty side, but at least he provided citations. The least you could do is follow suit and provide citations of your own. I'm not saying you're making shit up, but citations are important.

      How does this garbage get modded Insightful?

    156. Re:Rewrite the Constitution or face default! by iserlohn · · Score: 1

      I don't think you fully understand the implication of a ratings downgrade of US public debt. It will be a downwards spiral and once it's happened, there is no way back. The US dollar will no longer be the worlds reserve currency, and the US will quite simply cease to be a superpower.

      We are talking about a substantial realignment of the power balance between nation-states. And the result would not look good for the United States.

      There are many ways to tackle the deficit and mounting public debt - The way this is happening is probably the worse way you can go about it. If it was good for economic stability, then you'd expect the markets to be happy. They are the opposite because most people with any understanding of macroeconomics and the money supply knows that once the government issuing the world's reserve currency defaults, it is basically all downhill from there for everybody.

    157. Re:Rewrite the Constitution or face default! by DavidTC · · Score: 1

      Then perhaps the goddamn Republicans should have worried about spending money when they passed the actual budget.

      Instead of now, when we're following the budget they passed and, as everyone knew we would, need to borrow to keep spending the money they said we should.

      Oh, wait, I forgot, they were too worried about extending the tax cuts when passing the budget to worry about spending.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    158. Re:Rewrite the Constitution or face default! by AmonRa1979 · · Score: 1

      Wow... this is a far cry from the "no more welfare" that you said earlier. What do you think your Pell Grant was. It was a form of welfare. You were given money from the government that you didn't have to repay. Did you have subsidized student loans? There it is again. These are all forms of federal aid. Without them, would you have been able to pay for college?

    159. Re:Rewrite the Constitution or face default! by jbengt · · Score: 2

      Too long, too many people have been unwilling to make any meaningful changes to a system everybody agrees isn't going to hold up forever.

      You're completely mistaken. Every chance they get for the past decade or 2, the Republicans have been quite willing to make meaningful tax cuts that would prevent any deficit reduction. They've also sponsored quite a few meaningful spending increases over those years.

    160. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      I can't rate you down, nor would I but the pace and phrasing of your post makes your post seem unbelievable or as some kind of crazy rant.

      What is scary is that people who are NOT ignorant, and who know something about history and politics are the one's that society demonizes as being crazy or "left wing" or "Marxist"; and yet the zealots who get into office, the ones who lie and cheat and steal, and who rely on least-common-denominator hill-billy populism have libraries and airports named after them.

      Sometimes I wonder if people like YOU are correct in saying that educated people like ME are crazy, because I can't understand how everybody else could be so utterly stupid and evil... and vote people like GW Bush and Richard Nixon into office. (The current president sounded more moderate during the election campaign than his much more Right Wing rule has actually been). At least he doesn't portray himself as an utter jack-ass like Bush did and Palin still does...

    161. Re:Rewrite the Constitution or face default! by Duradin · · Score: 1

      "Its actually surprisingly easy to affordably feed a family a nutritionally dense meal."

      You can live off of 300lbs of wheat berries (plus some nutritional additions) for a year, which would be around $90. So yes, nutritionally dense can be cheap, but it is also culinarily sparse. There's a lot of ways to prepare wheat, but you're still eating wheat.

      And good luck getting wheat berries in the food deserts of our urban blight. Oh, you'll either need to get a grain mill ($200 for a cheap impact or $700+ for a sturdy "millstone" type) or spend a lot of time, and physical effort, grinding the grain by hand.

      "The simple fact is, the majority of the second and third world does so every day." By choice or by circumstance? I was going to use the "oh those poor natives, so happy in their simplicity and ignorance" route but that strawman doesn't need to be set up.

      A nutritionally dense AND culinarily deep diet can be expensive or just plain unobtainable thanks to our food deserts.

    162. Re:Rewrite the Constitution or face default! by operagost · · Score: 1

      What I would like to know is... who is modding you up? There isn't a single true fact in your post. You even have the woeful "I'll be modded down by the MAN" lament at the end.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    163. Re:Rewrite the Constitution or face default! by Grizzley9 · · Score: 1

      "Pay the fair share of taxes". That's a phrase that is getting thrown around a lot lately. What does that even mean? I'm not against raising some taxes and closing loopholes but I don't understand this "their fair share" bit. It's an emotional term that only promotes class warfare since no one has defined it.

    164. Re:Rewrite the Constitution or face default! by DriedClexler · · Score: 1

      "Say dear chap, I'm not sure that the public debt of the States is entirely valid, given as OW! Stop that! Wait, wiat, where are you taking me?"

      --
      Information theory is life. The rest is just the KL divergence.
    165. Re:Rewrite the Constitution or face default! by operagost · · Score: 2, Insightful
      Yes, he did change his requirements. He continually asked for "compromise", and when he was presented with one, he rejected it. Why? Because what he meant by "compromise" was, "tax increases".

      "Taxed Enough Already Party" AKA Don't pay our bills party.

      Actually, of the 47% of Americans who legally pay no income tax (or even receive a CREDIT from the Treasury), very few are unselfish enough to join a Tea Party group.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    166. Re:Rewrite the Constitution or face default! by Mike_K · · Score: 1

      I don't know about Medicare, but there is not enough money to pay Social Security.

      Social Security does not hold cash, it holds bonds. And today, due to the reduced tax receipts, it is collecting less in taxes than they are obligated to pay. So, in order to pay all the beneficiaries, some bonds have to be sold. The problem is that these are special bonds, which can only be sold back to the Treasury. But the Treasury is out of cash to pay for them.

      http://en.wikipedia.org/wiki/Social_Security_(United_States)

      Michal

    167. Re:Rewrite the Constitution or face default! by jbengt · · Score: 1

      FDR . . . prolonged the Depression several years.

      Actually, we were slowly coming out of the depression when the congress decided they had to reduce the deficit, and as a result the economy slumped back down. It was only when we raised deficits like crazy on WWII that the economy rebounded, and then when the sacrifices of war were over, the economy took off.
      This deficit reduction crap is only going to get us in trouble.
      You're supposed to run a surplus in good times to carry you through the bad - we keep seeming intent on trying the opposite.

    168. Re:Rewrite the Constitution or face default! by Danse · · Score: 3, Informative

      Guess what? That is up to Obama, unless Congress passes a law specifying differently. That means it is Obama who is threatening the lives of seniors, poor people or veterans. Obama or the Democrats in the Senate could put a proposal on the table and then we could debate the relative merits of the Republicans' plan and the Democrats' plan. The problem with criticizing the Republican's plan is that it is the only plan on the table. There are, currently, no other options (except to keep on racking up ever more debt until to no one will loan the government any money).

      That's complete nonsense. If Congress abdicates on its responsibility to pay the country's bills, then yes, decisions will have to be made about where we will default, but that isn't on Obama. It's Congress' responsibility to pay the bills.

      Saying that the Republican plan is the only plan is bullshit though. Proposing something that you know the other side can't possibly agree to is not a good-faith negotiation. There are two ways to close the deficit gap, cutting spending and raising revenues. The Tea Party Republicans want to take one of those completely off the table and have refused any compromise at all. This is on them.

      There have been plenty of other plans being put together, even bi-partisan plans, but the Tea Party faction refuses to budge at all on any sort of tax revenue increase, so those plans are dead before they can even be formed. As long as they insist that only cuts and no revenues can be part of the bill, they are the ones holding the country hostage. Wonder how people will like the tax we all get to pay when it starts costing us more to borrow anything at all because our credit gets downgraded.

      We've seen poll after poll now that shows that something like 70% of the country, including a large percentage of Republicans, think that both taxes and cuts should be part of any compromise plan, but the House Republicans won't allow it. This shit is on them, and I think people will see it that way come the next election too. You can't just sit there with your little faction and insist that everything be done your way. That's not how democracy works, and people will recognize which side isn't willing to compromise and get a plan put together that can pass both houses. If the shit hits the fan, we know which group is responsible.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    169. Re:Rewrite the Constitution or face default! by operagost · · Score: 1

      rich few pay the fair share of taxes.

      Enough of this drivel. What's fair? The 35% they pay now? The 39.6% they paid under Clinton? The 70% they paid under Kennedy? Or the 94% they paid under FDR?

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    170. Re:Rewrite the Constitution or face default! by iserlohn · · Score: 1

      The small loans that you state are, in public finance, no different than long term loans. Government issues debt for a fixed period in order to free up liquidity. Whether this debt builds up is a matter for congress, because it is them that is responsible for controlling the spending within government anyway.

      What congress is doing right now is holding the country to ransom, plain and simple. They have approved and pass a budget, but they are also refusing to raise the debt ceiling which is essential to implement this budget. If this is the case, it appears that the supreme court and intervene to clarify the intention of congress one way or the other. If the debt ceiling stands, it means that the budget is essentially void. However, since the debt ceiling is pre-existing and that congress passed the budget knowing full well that the debt-ceiling must be raised to implement it, it is very likely that if the supreme gets involved in judging the intention of congress, they will find that the passage of the budget also carried an implied raising of the debt ceiling to implement the budget.

    171. Re:Rewrite the Constitution or face default! by AmonRa1979 · · Score: 1

      Again... this is not what you said earlier. Just want to make that clear. I'm sure you don't consider this welfare, but the people who subsidized your loans probably do... or did you not receive any subsidies? At all? Are you paying the grant back with interest? I just want to hear you admit that it is federal aid... after all, you did claim that you didn't qualify for federal aid.

    172. Re:Rewrite the Constitution or face default! by operagost · · Score: 2

      Then I went to one of their rallies and saw the raw racism and insanity of their followers.

      Where? Which one?

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    173. Re:Rewrite the Constitution or face default! by GooberToo · · Score: 1

      Nice red herring. You might as well said unobtanium can't be eaten therefore reality doesn't exist. Meanwhile, back in the real world, its easily accomplished by shopping at most any local grocery story.

      The fact you have no clue how to do it only underscores your ignorance and the general lack of education of the public.

      And do note, I didn't even mention living off the land which was considered common even 100 years ago. Its so easy, it was expected someone as young as 10 or so to pull their own weight. Of course these days, you're lucky to find an American who can pull 1/3 their weight. Let alone be expected to actually contribute any work to put food on their table. These days actually cooking a meal is considered too much work for a large cross section of society - thus the rise of the fast food debates.

      The reality is, first and foremost, the biggest problem the majority of poor people have is themselves.

    174. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1

      The Republicans RELY on single-issue and low-information voters.

      For single-issue, they have the "OMG THE GUVMINT WANTS TO DESTROY YOUR CHURCH" fringe, like what happened recently when they started to trump up accusations that Houston National Cemetary had banned the words "god" and "jesus" from ceremonies held there (not REMOTELY true, but that doesn't stop the noise machine from self-referencing and insisting "but I have a source" over and over again in an argument that would make even Wikipedia partisans look downright sane by comparison). Or they have the homophobe fringe, as evidenced the rise of Rick Santorum and Michele "Homophobe Barbie" Bachmann as candidates.

      Fortunately, people are getting wise to these two fringes and they're falling fast.

      The larger problem is the low-information/disinformation followers who are permanently attached to the noise machine, the kind of people who think Rush is actually "talent on loan from God" (as he bills himself), that Glenn Beck is anything but an insane psychopath, and that Fox News is actually "balanced" in any way, shape, or form.

    175. Re:Rewrite the Constitution or face default! by thomasw_lrd · · Score: 0

      We made do with our salary, and yes we had some help, we got pell grants from the government, and we took out massive government sponsored student loans, which we are now trying to pay back

      Quote from what I said earlier. Yes it was an entitlement, and I did qualify for federal aid. But as I said earlier that was more the government making an investment in it's future. I now pay more in taxes, hell now I actually have to pay taxes, when before I didn't. So yes, I'm paying these grants back with interest. I'll be paying them back for the next 30 years, every other week when I get paid.

    176. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      The Faux News/Tea Partier "bury brigade" has been running through Slashdot lately, if you didn't notice.

      So, what's you're saying is that it's a Vast Right Wing conspiracy, where people have been instructed by a cable news channel to head to slashdot, obtain mod points "with a ton of fake accounts" all in an effort to? What? Silence the opposition by modding them offtopic?

      Really?

      It couldn't be that people generally have differing ideas that don't conform to your world-view could it?

      Nope. Has to be a conspiracy. :: rolls eyes slowly ::

    177. Re:Rewrite the Constitution or face default! by Quothz · · Score: 1

      Affect and effect are not the same. Affect is a verb, while effect is a noun.

      Except, of course, for the times when "affect" is a noun and "effect" is a verb. You might effect to have less affect, if you were so inclined. The actual reason they aren't the same word is the same reason "now" and "new" aren't the same word.

    178. Re:Rewrite the Constitution or face default! by operagost · · Score: 1

      You're right. Wilson was a lot closer to a fascist. After winning reelection on the slogan, "He kept us out of war," he immediately placed the USA into the war, imprisoned protesters without so much as a trial, and re-segregated the military.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    179. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      All you have to do is look up the definition of "food desert"... but you couldn't even do that. There are places where getting to the grocery store is not the simple task of walking a couple blocks. You may think everyone has a car or easy access to public transit, but you are wrong. Walking 5 or 10 miles to the "local grocery" store isn't exactly something these people can do in their spare time after a hard day of minimum wage labor. That leaves less healthy food alternatives like convenience stores or fast food chains.

    180. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1, Flamebait

      Small problem with this theory:

      In the same moment that the Republicans are screaming about how it's time to "cut costs" (e.g. fire employees), they are screaming about how "that damn evil nigger Obama" is "raising unemployment."

      How, precisely, does firing a bunch of people lower unemployment? Doesn't it, in fact, RAISE unemployment?

      Being a Republican requires a brain that can hold 4 contradictory ideas at once while not being aware of the level of cognitive dissonance at work.

    181. Re:Rewrite the Constitution or face default! by Bill_the_Engineer · · Score: 1

      To reiterate: nothing whatsoever in the budget bill authorized debt. It only authorized spending. They are not the same.

      They are one in the same, we are only talking about difference of timing and who is being promised payment. The budget immediately created a debt to all the agencies and private businesses (eg. contractors who were award contracts) that were funded with that budget. The US government has promised to pay the amount of money allocated in the budget that was passed by the house, senate and signed by the president.

      Now what you are talking about is the government's ability to refinance that debt from outside sources (ie bonds). Since all tax collections and budgetary expenditures have already been dictated by the passed federal law defining the budget, the only option left is the issuance of bonds. Constitutionally, congress is held accountable to all debt that it generates and must fullfil its obligations. The house has little choice but to finance the law that they passed.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    182. Re:Rewrite the Constitution or face default! by operagost · · Score: 1

      Are you really that stupid? Your finances must be hell. Are your choices, when you run out of money, to either get another credit card or demand a raise from your boss? By the way, raising taxes doesn't always raise revenue. Even if everyone is a Joe Biden-like patriot and doesn't stash his money in a tax shelter, you need a strong economy to increase revenues and we don't have it.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    183. Re:Rewrite the Constitution or face default! by feepcreature · · Score: 1

      "Pay the fair share of taxes"... What does that even mean?

      I'm guessing it means that tax paid as a proportion of income should be similar for the rich and the poor (Or maybe slightly higher for the rich, because they can "afford" a little more). I gather that, at present, the rich tend to pay a much smaller proportion of their income.

      If the ratio is massively out of line then something would seem to be rotten with the State of the Union.

      I would like to seee credible figures on this though... if gathering them would not make government too big ;-)

      --
      Paul "Say no to feeping creaturism"
    184. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      If you work, and need food stamps, I'm all for that. I'm not for the people that live in free houses, and get free food, and do nothing to earn it. Unfortunately, welfare reform is a tricky subject to bring up and implement.

      I don't think you'll get much argument from people if you ask for specific changes to things that are being taken advantage of. But you'll need to be very specific. Your original blanket statement about doing away with welfare is definitely not going to work. I see people every day when I'm going to work who wouldn't survive without it. Many of them have serious mental issues that prevent them from being able to hold down a job. They can't get any real health care either, so they are often sick and suffer from chronic conditions. The idea that these people just need to pull themselves up by their bootstraps and get real jobs is just ridiculous.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    185. Re:Rewrite the Constitution or face default! by Elbows · · Score: 2

      The plan put forward by Harry Reid this weekend has about $2.2 trillion in spending cuts and *no* additional revenue. It's basically everything that the Republicans asked for at the beginning of the negotiations, and they *still* won't vote for it.

    186. Re:Rewrite the Constitution or face default! by operagost · · Score: 1

      Um no they can't. The Social security trust fund isn't some giant vault with stacks of $100 bills but is filled with a bunch of I.O.U.s that are government bonds, so nothing to tap here

      Actually, as the GP poster stated, it's already included in the debt calculation, so dipping into it doesn't affect the total debt and is therefore irrelevant to the debt limit.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    187. Re:Rewrite the Constitution or face default! by bugs2squash · · Score: 1

      What I don't get is why now ? The debt has piled up in good times and bad under administrations of both stripes. The purpose of the debt is to bridge the gap between the nations income and the nations expenditures and right now the income is reduced and the expenditures inflated by a confluence of a recession and a couple of wars. The time to be talking about debt reduction is in good times not bad. The whole discussion seems to be being brought to bear right now because there is a rush to take advantage of a crisis.

      --
      Nullius in verba
    188. Re:Rewrite the Constitution or face default! by Teancum · · Score: 1

      Personally I believe the president should issue an executive order raising the arbitrary debt ceiling. Section 4 of the 14th amendment requires such drastic action since it states that "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." In other words, the republicans already authorized this year's debt when they passed the fiscal budget, and they are violating the constitution by refusing to make sure we have enough funds (from both taxes and credit) to meet those obligations.

      This is an interesting idea. The "debt ceiling" is however public law and something that Congress put upon themselves as a way for controlling how much the government could spend even in an emergency. Personally, I think the debt ceiling law is working precisely as it was intended all those years ago when the whole concept was created in the first place. In the past, raising the debt ceiling was a rather routine and non-controversial measure that was usually put in with commissioning 2nd Lieutenants, naval Ensigns, and naming local post offices (all of which need congressional authority). What is surprising at the moment is that it isn't a "routine" manner right now.

      What is interesting about this idea is the entire notion that perhaps the President can raise this limit on his own. I think that may be unconstitutional since the law setting the debt limit is purely a creation of Congress, and that authorization without congressional support is a violation of the separation of powers doctrine. Still, your point about the 14th Amendment is a valid point and that for some required expenditures such a debt limit may not necessarily apply. Still, "discretionary" spending might have to end such as what happens when a "government shutdown" happens. President Obama is talking like the world will come crashing to an end if the debt limit isn't raised, where it could be argued that isn't really the case.

      I'm not sure if you've ever had a discussion with a Tea Party member, most of them are fairly reasonable folks and want a return to a government who's spending and legislative powers are bound by the constitution.

      I have many times. They are individuals that may have good intentions but are easily led astray. They arguments have little basis in fact, and their misinterpretations of the constitution is horrifying.

      In terms of "Tea Party members" being led astray, my own experience is that many of them are politically immature and really don't understand the system they are trying to get themselves into. Some of them are learning very quickly, and sadly there are also a bunch of people, mainly politicians who see the Tea Party movement as a politically "hip" thing to be involved with, who are involved mainly because it gets them some votes and not because they actually believe anything being said by the "Tea Party leaders". Keep in mind that the "leaders" are all or mostly self-appointed because they were the first ones to get involved, and when they speak in the name of the group, the group itself is usually a hollow shell of a group that mainly represents the spokesman and perhaps his/her spouse if they are lucky.

      There is a political sea change happening, and there are people who are ticked off about what is happening in the government at all levels, but turning that into real political force is a trick. Some people are manipulating that resentment to their own political ends, but there are some who are genuinely trying to "represent" their "constituents" and trying to make changes based upon this resentment. The trick is trying to tell the scoundrel from the real McCoy.

    189. Re:Rewrite the Constitution or face default! by Duradin · · Score: 1

      "local grocery story" Look up food desert. Poor urban centers don't have grocery stores. Canned food at the corner bodega is all they've got.

      "And do note, I didn't even mention living off the land which was considered common even 100 years ago." Pastoralism was a craze with the French aristocracy. They'd dress up like peasants and play live the "ideal" pastoral life.

      Subsistence farming sucks. Wishing subsistence farming on anyone is a cruel thing to do. There's no "up" in subsistence farming. That's what you do and only what you do, no benefit to civilization at all and you don't benefit much from civilization either, which is why civilization may start there but it moves away from it as soon as it can.

      A man and an ox with a single blade plow can't compete against modern mechanized farming, so if you're doing things the old way you'll be staying poor. Alive yes, but perpetually poor.

    190. Re:Rewrite the Constitution or face default! by thomasw_lrd · · Score: 0

      And I completely agree with you. We need to support those with physical and mental handicaps, who can't hold down a job.

      Although, I know a girl with severe ms, who just graduated from with her Masters in (some form) of Education, early childhood I believe. She has to type with a pencil strapped to her head, her husband helps her get to work and back home. We definitely need to evaluate on a case by case basis for govt. aid.

    191. Re:Rewrite the Constitution or face default! by operagost · · Score: 1

      Who said that?

      Just within the last year: Dick Durbin, Harry Reid, Carl Levin, Xavier Becerra, John Conyers, and Raul Grijalva.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    192. Re:Rewrite the Constitution or face default! by AmonRa1979 · · Score: 1

      I'm sure to you it was an investment in the future. Right now I'm seeing it as giving money to someone who was careless about what he said and actually for a moment gave support to those who want to dismantle the welfare and federal aid system that he took advantage of. Quite frankly, if you think ending welfare will fix more problems than it will cause, you aren't thinking clearly. Some of them might be able to find jobs, but not most of them. They will lose their homes, live on the street... then what? They won't be able to get a job while living in the tent city across the street from your house. Theft will skyrocket from them taking the food they need to survive. We've been here before... no welfare. It wasn't a pretty place.

    193. Re:Rewrite the Constitution or face default! by thomasw_lrd · · Score: 0

      citation needed.

      I wish I could find a study that supported my idea, but I would bet at least 25% on food stamps are lying. They probably have boyfriends or husbands that are working full-time, while they claim they don't.

    194. Re:Rewrite the Constitution or face default! by GooberToo · · Score: 1

      Subsistence farming sucks.

      I agree, which is why I didn't initially address - for exactly your ignorance. The reality is, you can have a combination - easily.

    195. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1, Informative

      So, what is the Democrats' plan? Where is it written down? You say there are other plans, yet as far as I know, none of them have been written down. Senator Reid supposedly has a plan, but not even other Senate Democrats have seen it. Speeches are not plans. So, you say there are other plans, where can I go to find out some of the details about these plans? Not general, "My plan calls for cutting $2 trillion", but specifics, like exactly what is going to be cut.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    196. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Yes, I was actually surprised to see my downmodded (which I expected) post to be at a +3 Insightful. I take this board for a more Libertarian, then Liberal, then Conservative mix.

    197. Re:Rewrite the Constitution or face default! by GooberToo · · Score: 1

      That leaves less healthy food alternatives like convenience stores or fast food chains.

      The red herrings and ignorance are rampant here today. So according to you, they can only carry "convenience foods", but not nutritional foods. And ignoring that, the majority of the poor live near grocery stores. The majority of the poor live in dense urban centers.

      To make your red herring even worse, you're purposely conflating the majority with all. That's either willful ignorance or purposeful stupidity.

    198. Re:Rewrite the Constitution or face default! by gorzek · · Score: 1

      There are not enough jobs for all those people. If you think cutting taxes will make those jobs magically appear, you're delusional. If you think most people are unemployed just because they haven't looked hard enough, you're an idiot.

    199. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      "they are crazy racists"
      No, you're a towel.

    200. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Jesus CHRIST! Did you even look up the term "food desert"? Do it you ignorant jackass! I highly doubt the poor have much say in what the convenient store carries. Food deserts are very prominent in dense urban areas. Just do some research of your own.

    201. Re:Rewrite the Constitution or face default! by Evtim · · Score: 1, Troll

      Genuinely unbiased (on this issue) foreigner (to US) here.

      I also noticed the suspicious modding down. In my country this is normal (EU - east Europe). Everyone on public forums knows that there are paid people who promote political ideas and try to suppress the other views. Some of our newspapers introduced simplified modding options recently and they are all abused left right and center. I would be very surprised if such popular and yes, influential site as /. is not targeted by such people.

      Last week I got for the first time 15 modpoints and I spent half of them trying to fix what looked like "mob-downmodding" in a couple of discussions. I hope you and I are wrong but I am not holding my breath.

    202. Re:Rewrite the Constitution or face default! by Machtyn · · Score: 1

      Yes, the whole "fair share" thing reeks of class warfare to me. However, I would agree that there needs to be better parity between the executives and the working class. Golden parachutes for executives that are fired because they ran their multinational business to near bankruptcy then fired all the worker bees to save a profit is not the tenets of true capitalism (it is one of the ugly side effects of a corrupted capitalist society).

    203. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Why put a plan down on paper when the other side won't even give it consideration? Do you think they enjoy wasting their time? The Tea Party complaint isn't there there is no specific plan, it's that they refuse to accept anything but exactly what they want. So I really don't see why you care whether there's a plan on paper or not. Aside from a ridiculous non-starter, the Republicans haven't put anything specific on paper either. That's what negotiations are for, and those are being done behind closed doors right now, for good reason.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    204. Re:Rewrite the Constitution or face default! by GooberToo · · Score: 1

      Jesus CHRIST! Did you even look up the term "food desert"?

      Jesus Christ, I knew what it was before you ever fucking mentioned it. And that's entirely the problem here. You wrongly assume you are the one that knows what you are talking about. The simple fact is, your posts are stupid and factually wrong. That's not to say "food deserts" don't exist, but we're not talking about the world. For the majority of poor Americans, its an idiot who even brings it up. Case in point...

    205. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      In my opinion John Boehner is a psychopath who will lett the country burn around him in order to meet his #1 goal: Make Obama a 1 term president.

      Which is exactly why anyone with critical thinking skills will never take you seriously. Credibility requires objectivity, and you lack it in spades.

    206. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      You are redefining the word debt, I think. The government does not owe money to employees for services not yet rendered, and can legitimately choose to forgo those services in order to not have to pay for them. If the government lays off, say, 10% of federal employees in some agencies, it is not failing to meet an obligation to pay those people, it's eliminating the obligation.

      It does have to follow any contracts signed, which may have been signed because that budget was passed and various government employees thought they had the funds. In that case the contract may have incurred a debt depending on the wording of the contract, but it may not be if the government can cancel the contract at will. That debt was not incurred by the budget but by the decision to sign the contract. Authorization to sign a contract is not the same as actually signing it. I might authorize my lawyer to sign a plea bargain if he thinks it's a good deal, but he might well opt not to do so. Government agents are quite free to spend less than budget allocated, although in practice they rarely do. They are not required to spend as much as they are told they can. The budget bill authorized spending up to point X, but did NOT guarantee that actual funds existed to back up all that spending. It's good practice to keep budgets less than expected revenue plus expected borrowing, but there is no existential requirement that anyone does so. .

      I was in fact talking about debt. Issuance of bonds is creation of debt. Contracts may also be creation of debt. Bonds are not re-financing of debt, they are the initial creation of debt, as an agreement to pay out certain funds in the future.

      The above needs editing I think, but my basic issue is that you appear to be conflating parts of a multi-part process with the process as a whole.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    207. Re:Rewrite the Constitution or face default! by Vancorps · · Score: 1

      How does lifting the Bush era tax cuts raise the deficit? Combined with cutting subsidies and actually adopting the Republican proposals for spending cuts and I think you have to be pretty disingenuous to say what you are saying.

      Maybe you should look at their proposals? There have been many, they say raise taxes as you need to increase revenue which will reduce the need to cut spending so dramatically all at once. The Republican side wants to keep taxes lower than they've ever been while severely cutting programs affecting millions of Americans. I'll grant none of those cuts will really affect me but I also care about those around me including those who are successful and those that aren't so successful.

    208. Re:Rewrite the Constitution or face default! by Duradin · · Score: 1

      "That's not to say "food deserts" don't exist, but we're not talking about the world."

      "I knew what it was before you ever fucking mentioned it"

      Look it up again (benefit of doubt on the again). Food deserts are an American problem. Take a look at Detroit as a somewhat extreme example. They are/were planning on turning some parts of the city into "farmland" to get fresh produce there. You think they'd do that if grocery stores were there?

    209. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      The reason to put the plan on paper is so that the American people can tell if you are serious about actually addressing the problem. You are right that there is a "good reason" why the negotiations are being done behind closed doors, it is because they are trying to pull a fast one.
      The point is that it is not fair to condemn the plan that has been put on the table and blame those who put it there when the other side not only has rejected that plan, but has failed to tell anyone what their plan is. The Democrats have failed to say what they will pass. You say that the Tea Party has refused to accept anything but what they want, but at least they have told you what they want. The Democrats have refused to accept anything.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    210. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Please, what you propose is that 10 year olds go back to work and that people try farming their own food. You obviously can't understand the real problem. The poor in dense urban centers do not have access to healthy food... period. Grocery stores are sparse in poor neighborhoods because of low demand (from low income) and high crime. This is not a small number of people. This is a very large number. You may have heard the term "food desert", but you obviously haven't actually looked at the research. The only reason I replied to you is because you made the assumption that healthy, nutritious food is available to poor people. In many cases it's not. Food desert was brought up so you could actually read about how rampant the problem is, but you refused to acknowledge that. You live in a fantasy world.

    211. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      It's not that your wrong, it's that you think Democrats are doing something different. They both do this.

      All politicians exist by making you think they represent you instead of the other people, and that they're going to save you from something. They're all liars.

    212. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      Maybe you should look at their proposals? There have been many, they say raise taxes as you need to increase revenue which will reduce the need to cut spending so dramatically all at once.

      Which taxes? By how much? How much revenue will be generated by those tax increases (or at least, how much do they say will be generated)?
      The Democrats have said, "We need to raise taxes." But they haven't said which taxes, or by how much. The Democrats have said they are willing to cut spending, but they haven't said what spending and by how much.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    213. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Although, I know a girl with severe ms, who just graduated from with her Masters in (some form) of Education, early childhood I believe. She has to type with a pencil strapped to her head, her husband helps her get to work and back home. We definitely need to evaluate on a case by case basis for govt. aid.

      That's great that she has that kind of support and the physical and financial ability to go to school. Not everyone gets that though. Many people with illnesses like that get little help and are lucky if they even have a roof over their heads. The costs and constant care needed can often break a family that has little to begin with.

      Case by case is certainly the best way to evaluate things. That requires a lot of case-workers though too, which can also be expensive, even though most of those folks don't make much. It's a difficult job. I know a social worker, and I sure as hell wouldn't want her job. I'd probably be clinically depressed within weeks if I had to face what she does every day.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    214. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Besides, it is not the Tea Partiers blocking progress. Boehner and McConnell's plan was a compromise that met some of the President's goals. Then the President changed the requirements.

      This is bullshit, through and through. Any plan that doesn't include increased revenue is NOT a compromise.

    215. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      The reason to put the plan on paper is so that the American people can tell if you are serious about actually addressing the problem.

      Why would they do that? Just so Cantor can lie about it? Like how he claimed that they had already agreed to certain cuts during negotiations, even though those cuts were only agreed to as part of an overall plan? He thinks it's some kind of a-la-cart thing apparently.

      You are right that there is a "good reason" why the negotiations are being done behind closed doors, it is because they are trying to pull a fast one.

      Unbelievable. Trying to pull a fast one? Negotiations are usually done behind closed doors. Both sides insist on this because it's the only way they can speak as openly and frankly as they need to in order to get a deal done, without the rest of their party shouting things down every five minutes.

      You say that the Tea Party has refused to accept anything but what they want, but at least they have told you what they want. The Democrats have refused to accept anything.

      No, the Democrats refused to accept the one ridiculously unbalanced proposal that the Republicans put out even though they knew it was a complete non-starter. They've made all kinds of offers of combinations of cuts with some revenue increases included. Every single one has been rejected by the Tea Party. They haven't even cared to see specifics. They are refusing to even consider a deal that includes any revenue increases at all. They are the problem.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    216. Re:Rewrite the Constitution or face default! by Vancorps · · Score: 1

      Actually they specifically stated the Bush tax cuts which are corporate taxes as well as taxes for the rich. You can feel free to do the research into specifically which taxes but stating Bush tax cuts is pretty darned precise, the CBO also stated what those numbers would be. In the history of taxes we are currently paying less than we ever have so I'm having difficulty figuring out why there is such resistance to restoring taxes to the point at which the budget was balanced previously.

    217. Re:Rewrite the Constitution or face default! by Hatta · · Score: 1

      Then, he gets in front of the nation and the first thing out of his mouth was it's Bush's fault

      Which is in fact the case.

      The next thing out of his mouth was class warfare

      The past 30 years have been nothing but class warfare. But nobody calls it that when it's the upper classes waging war on the lower classes.

      Then he went on a rant of this is not how to run a country, blaming Republicans and absolving Democrats (despite Harry Reid's offer of a plan that also did not include tax hikes).

      Yes, Democrats are absolved because they have made major concessions, e.g. the Reid plan you just mentioned. Republicans have responded not by making concessions of their own, but by making more demands. This is not negotiation, this is taking America hostage.

      --
      Give me Classic Slashdot or give me death!
    218. Re:Rewrite the Constitution or face default! by smelch · · Score: 1

      What I meant was that we won't default either way, and using default as a scarecrow on either side is a huge problem. They should all be saying "We absolutely will not default. We will sell assets if we have to, but the United States does not default and we never will, and when we reach our decision on what to do to fix our deficits (taxes + spending cuts or just spending cuts), it will be because we as a nation refuse to not pay our bills, and any kind of sacrifices we make will prove our trustworthiness. Instead we get political posturing on who's fault it might be if we do default. And that is absolutely harmful to our markets.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    219. Re:Rewrite the Constitution or face default! by ajlisows · · Score: 1

      I am not really an advocate of shooting anyone for any reason, but my keen eye for strategic planning is telling me that waiting for the tanks to roll into the streets probably isn't a good plan. My small hunting rifle would give me no measure of solace if that were to actually happen. Best shoot them before they send the tanks.

    220. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1
      And the Democrats have refused to even produce an actual proposal.

      They've made all kinds of offers of combinations of cuts with some revenue increases included.

      What cuts? What tax increases? Which taxes did they want to increase? What programs were they willing to cut? By how much?
      It is easy to say, "I offered to cut $4 trillion," if you don't say what you were willing to cut.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    221. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      The budget has not been balanced in my lifetime. There has not been a single year in the past 50 years when the federal deficit did not increase. If the budget had been balanced, the federal deficit would not have increased in the year it was balanced.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    222. Re:Rewrite the Constitution or face default! by tbannist · · Score: 1

      Obama wants to raise taxes modestly to reduce the deficit, Grover Norquist has managed to convince 95% of the Republican to sign a pledge that they will never raise taxes or close tax loopholes (without an accompanying tax reduction to keep it revenue neutral). The Repbulicans are desperate to make Obama blink first so they don't get killed in the next round of primaries by Grover and his allies. I imagine many Republican congressmen think that abandoning that pledge will automatically mean the end of their political careers.

      --
      Fanatically anti-fanatical
    223. Re:Rewrite the Constitution or face default! by GooberToo · · Score: 1

      The poor in dense urban centers do not have access to healthy food... period.

      Whoosh! Total lie and misinformation. The REALITY is (notice I have to constantly point this out to you), they absofuckinglutely do! You can go into a store and request items. Unless you're requesting zebra shank, you'll get your fucking food. Beyond that, items like beans, rice, lentils, so on and so on, are readily available in even the poorest of urban areas. The difference is, shitbags would rather purchase subsidized twinkies and soda rather than nutrition. They would rather purchase a subsidized TV dinner rather than tuna in a can. The reality is, in the vast, vast majority of cases in the USA, good deserts exist ONLY because they created them and refuse to put an end to them.

      The fact that you've done nothing but puke red herrings and factually stupid shit, all while anonymous means this one sided discussion is over. You've contributed nothing but lies, misinformation, and complete bullshit to the entire exchange.

      And here's a hint for you - according to you, everyone in the US died 100 years ago from malnutrition. And if its not obvious why this statement is not a troll, it validates you have no fucking clue what you are talking about. Seriously, figure it out.

    224. Re:Rewrite the Constitution or face default! by saintlupus · · Score: 1

      The red herrings and ignorance are rampant here today. So according to you, they can only carry "convenience foods", but not nutritional foods. And ignoring that, the majority of the poor live near grocery stores. The majority of the poor live in dense urban centers.

      Dense urban centers don't generally have grocery stores. There are converted ice-cream trucks that distribute produce in Detroit, because there is a not a single supermarket chain that has seen fit to open a location in the entire city.

      And bodegas carry convenience foods, because Twinkies stay edible a lot longer than fresh fruits and vegetables.

    225. Re:Rewrite the Constitution or face default! by tbannist · · Score: 1

      What if they won't do what they promised merely because the plan has been endorsed by the other side? Obama's plan included quite a bit in spending cuts, things that his own party isn't happy about. The Republicans however, seem to think compromise is when the other side agrees to do what you tell them to do.

      --
      Fanatically anti-fanatical
    226. Re:Rewrite the Constitution or face default! by Duradin · · Score: 1

      "The reality is, in the vast, vast majority of cases in the USA, good[sic] deserts exist ONLY because they created them and refuse to put an end to them." Who's "they"? It's important to understanding your rant.

      "You can go into a store and request items."

      And then "it validates you have no fucking clue what you are talking about. Seriously, figure it out." I can't really top that, so I'll let your own words stand.

    227. Re:Rewrite the Constitution or face default! by dave562 · · Score: 2

      The only problem with your conspiracy theory is that mod points are handed out semi-randomly. They also expire after about 48 hours. Above and beyond that, you have to contribute and have your posts modded up to get mod points (at least that has been my experience).

      What are you proposing? That a bunch of astro-turfers were busy for the last two to three days posting Informative and Insightful comments, waiting for this subject to come up so that they could go through and mod everything down? Or perhaps "they" have a list of Slashdotters that they poll every day, figure out who has mod points, and then pay / encourage them to moderate in "their" favor?

      As a Ron Paul supporter, I can assure you that I'm not a bot. If I had mod points, I'd mod you down. Not because I have some agenda, but because your post is -1 Flamebait. Odds are that similar things are happening in this thread. People with mod points read it, disagree and moderate accordingly.

      If you don't like it, Meta-moderate. That is another way to get mod points. Contribute. Keep the mods in check if you feel so strongly about a particular slant.

    228. Re:Rewrite the Constitution or face default! by nfc_Death · · Score: 1

      You sir are either blind or enjoy pointing out the problem while ignoring it.
      Your mentality is fairly disgusting as well.
      "The fact you have no clue how to do it only underscores your ignorance and the general lack of education of the public."

      So it's an education problem according to your own words. However two sentences later you remove all doubt as to your the depth of your insight and state this joke;
      "The reality is, first and foremost, the biggest problem the majority of poor people have is themselves."

      So what is, oh wise man? You seem educated yet you belittle those that are not. Although you know the value of education enough yourself to state that is the source of the downtrodden ills, you then state some ethereal statement the gist of which is; 'they only have themselves to blame'

      Your foolish government is currently disemboweling itself for dead ideologies and all I hear from you mental-case Americans is greed, greed, greed. You used to take care of your own, what happened?

    229. Re:Rewrite the Constitution or face default! by GooberToo · · Score: 1

      And bodegas carry convenience foods, because Twinkies stay edible a lot longer than fresh fruits and vegetables.

      Wrong. Used to be true 20-40 years ago. These days they carry those foods because that's all they buy. In other words, its a problem which exists and sustains entirely of their own creation.

      You make it sound like huge food stores need to be maintained. They don't. The majority of the world entirely invalidates that notion. Furthermore, study after study shows these places tend to not carry fresh produced because its rots on the fucking shelves because no one buys them.

      They purchase twinkies because that's the fucking food they want to buy. Other food tends not to be carried because they refuse to buy other foods. Contrary to your propaganda, stores are not limiting supplies. Rather, stores provide limited supplies because that's catering to their clientele, exactly as is done all over the world.

      Your argument is that people are dying because they can only buy bullets. In reality, they are dying because people only want to buy bullets to shoot themselves. If they start buying other goods, those other goods become readily available. Its basic supply and demand. The fact is, they are being supplied exactly what they are demanding. In other words, its entirely self imposed. For the majority of the US, "food deserts" simply don't exist. Period. End of discussion.

    230. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      What cuts? What tax increases? Which taxes did they want to increase? What programs were they willing to cut? By how much? It is easy to say, "I offered to cut $4 trillion," if you don't say what you were willing to cut.

      Who cares what they offered to cut? The fact that it included revenue increases was enough for Cantor to call it off. What they offer to cut doesn't matter if the Tea Party refuses to even consider anything they come up with.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    231. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Just within the last year: Dick Durbin, Harry Reid, Carl Levin, Xavier Becerra, John Conyers, and Raul Grijalva.

      Maybe you could point me to a quote from one or two of them that says what you say it says. I can't seem to find any. You seem to know of lots though.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    232. Re:Rewrite the Constitution or face default! by Vancorps · · Score: 1

      How old are you? Under the Clinton administration there was actually a surplus at the end which Bush used to deliver his tax cuts which meant there wasn't any money for things like wars. The budget was balanced and if we had stuck to the plan we'd be debt free by 2015, or at least that's how it was touted. Of course we didn't stick to the plan but the budget was on course. I think you have to be pretty pedantic to say that the budget wasn't balanced in 1999.

    233. Re:Rewrite the Constitution or face default! by mike1210 · · Score: 1

      It's leftists who used to use 'fascist' as an epithet, and some still do. Now, they just call those who they disagree with 'racist'.

      Economically speaking, fascism is a form of guild socialism - corporatism, a word derived not from 'corporation', but from the Latin root meaning 'body'. It is central planning where market competition is suppressed by the state, and sectors of the economy and society are regimented into cartel organizations under the authority of the state.

    234. Re:Rewrite the Constitution or face default! by MadMartigan2001 · · Score: 1

      Dude, step back and take a deep breath. You are obviously too emotionally enveloped in the situation to see clearly.

    235. Re:Rewrite the Constitution or face default! by Mashiki · · Score: 2

      Would this be the same mysterious rallies where people shouted 'nigger' and so on, but can offer no proof. Even though there's a $100k bounty to provide proof? Yeah I doubt it. Being a canuck, I've been to a few myself. And I never saw this racism.

      Well shit, then again I guess Obama spending more in 3mo than Bush Jr. did in 8 years is pretty telling. You need to invent shit in order to keep the idiots in hand.

      --
      Om, nomnomnom...
    236. Re:Rewrite the Constitution or face default! by Politburo · · Score: 1

      It's been clear from the beginning that "compromise" is short-hand for "a compromise between spending cuts and tax increases". Not "a compromise between warring GOP factions".

    237. Re:Rewrite the Constitution or face default! by dave562 · · Score: 1

      If you can't raise taxes how are you supposed to pay down the debt?

      Cut spending. Lets say you have $10,000 in credit card debt. Lets say that every month you buy lunch on and it comes to $500 per month. Now you decide that you want to reduce your debt. Rather than buying lunch, you decide to go to the store and buy the raw materials to make your own lunch. That comes to $350 a month. Now you have an "extra" $150 per month to pay down the debt with.

      Oooooo, magic! Was that really so hard to grasp? No taxes need to be raised. No additional revenue needs to be found. You simply spend less and divert what you "save" into debt reduction.

      Of course, the reality is that we are engaged in economic warfare with the rest of the world. The best weapon that we have is inflation. Unfortunately that is a very complex topic. Go back to watching the media dog and pony show, and comparing the national debt to consumer credit cards and household debt.

    238. Re:Rewrite the Constitution or face default! by m50d · · Score: 2

      It sounds to me like the only reasonable definition of compromise between someone who wants a tax increase of x and someone who wants nothing is a smaller tax increase.

      --
      I am trolling
    239. Re:Rewrite the Constitution or face default! by Quila · · Score: 1

      1. That is one LONG period of transition. As a country we've been borrowing and/or carrying debt for a very long time. And most of that debt has nothing to do with wars (what was long ago considered the main justification for this country to carry debt).

      2. Governments also raise revenue by encouraging business growth. That in turn raises revenue at the same level of taxation.

      I've always wondered, where does increased taxation end? People pay taxes at a set rate. The country grows, government grows, the government gets more taxes simply by virtue of there being more people paying. When we raise taxes, that means the government is growing faster than the population. At some point you will hit a financially unsupportable point.

      Point of reference: The total British tax burdern on the colonies prior to the revolution was under 5%.

    240. Re:Rewrite the Constitution or face default! by Khyber · · Score: 1

      "they don't pay any tax"

      They don't PAY tax because the government TAKES taxes first then taxes you MORE.

      Fuck the double-dipping bastards.

      --
      Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
    241. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      So it's okay for that scumbag to threaten the lives of seniors, of poor people, of veterans, of anyone by threatening to let the nation default which means the checks wont be sent out to them?

      So lowering the defense budget by any amount would be threatening the lives of our soldiers? (since they wouldn't have the latest and greatest tech and equipment). You hyperbolize a straw man...governing is about budgeting, and that requires actual thought beyond the kneejerk "think of the children"-esque imploring.

      but he's threatening to withhold their pay that they earned fair and square

      I earn my pay fair and square as well, yet it is withheld all the time (its called tax wildholdings). Then they take it and give it to someone else. Why is this any different? As I said before, if you believe that taxing is an important legislative function, you must accept that money will be taken from you. From that point forward, the debate amount to "how much and where to spend", which is exactly why this debate is important.

      What about law enforcement who protects scumbags like him from being robbed and preyed upon?

      I'm fairly certain the state police are paid with state dollars, not federal.

      And all this said, everything you're bitching about can apply exactly the same to Obama for insisting that tax cuts be included. What you find to be reasonable you let fly yet what you don't find to reasonable you call extortion and blackmail. At the core, this is no different than any other legislative disagreement.

    242. Re:Rewrite the Constitution or face default! by Vancorps · · Score: 1

      That is one of the more intelligent arguments I've seen in this thread. People blind themselves with their ideology. I imagine a day when political parties are gone and politicians actually have to represent their constituents. Until that day I will continue to participate by voting for candidates that represent sane points of view even if it is difficult because I live in Arizona. You gotta start somewhere though.

    243. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Yes, he did change his requirements. He continually asked for "compromise", and when he was presented with one, he rejected it. Why? Because what he meant by "compromise" was, "tax increases".

      This is a very important point and needs to be highlighted. Basically, a whole bunch of Republican candidates were elected on the promise that they would not raise taxes.

      What's the very first thing Obama does? Decide that any deal must include raising taxes, thereby forcing them to either reject the deal or go back on a campaign promise.

      Now I suppose Obama figured they'd be like him and instantly forget their campaign promises (how goes closing Guantanamo, ending the wars, and repealing DADT, anyways?), but instead of falling for his ploy to anger their constituents, they're instead standing by what they were elected to do.

      And good for them. There's someone who's refusing to negotiate here, and it's not the Tea Party. They have a very clear mandate from the American people, and it's a mandate that Obama would do well to listen to.

    244. Re:Rewrite the Constitution or face default! by Technician · · Score: 1

      Often the runaway rate of borrowing is not understood by the public. As we add deficit spending to our debt the total debt quickly becomes a larger part of our GDP. As the debt spirals past the 100% of the GDP, the interest payments on the debt takes a huge portion of our GDP. This is followed by borrowing (or printing money) to keep up on the growing payments. As the dollar becomes devalued, it devalues at a faster rate as more money is borrowed or printed to pay it. Even more is borrowed to keep pace with baseline budgets for entitlement programs. This leads to over-taxation of the few working, investing, or saving. To prevent paying high service costs the interest rate is held artificially low while inflation raises prices. This puts banks in the red (guaranteed by the government) as the money devalues and the loan payments become trivial to the banks due to fixed rate loans. Non fixed rate loans such as credit cards will see a huge pressure for higher rates and fees. Low interest rate cards with no or low fees are going away rapidly.

      Next this cycle spirals into hyperinflation.. Unless we cap our spending and balance the budget. Raising the cap faster than GDP growth is a fast track into devalued money, hyper-inflation, loss of jobs, poverty, and government collapse.

      If we left the cap in place, and spent no more money than we take in, (balanced budget) the SPENDING level will be the same as it was only 5 years ago. This is the real story. we don't have a debt crisis, we have a spending crisis. Are you spending double what you were 5 years ago? If not then why? Why is it OK for the Government to spend recklessly?

      Look up the Wikipedia article on Hyperinflation. Those who do not learn from history are condemned to repeat it.

      --
      The truth shall set you free!
    245. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      Social Security had a surplus "During 2009, total benefits of $686 billion were paid out versus income (taxes and interest) of $807 billion, a $121 billion annual surplus"

      Even if it were true that the program had a surplus, it's irrelevant. The only numbers that matter is "total taxes" vs "total spending". If this were not true, I could split off a separate tax for whatever pet project I'm in love with, set that separate tax artificially high, and then claim I have a surplus every year, despite the country running a massive deficit. To even make this "surplus" claim about Social Security is incredibly misleading and naive about budgeting/debt. We are spending a ludicrous amount of money on Social Security. That is the debate.

    246. Re:Rewrite the Constitution or face default! by Cederic · · Score: 1

      I did too, until I reached the 'FUCKTARD' comment.

      I think had he used 'fuckwit' he'd have kept my respect.

    247. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      I think maybe the all-caps was a bit excessive...

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    248. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      The Republicans RELY on single-issue and low-information voters. For single-issue, they have the "OMG THE GUVMINT WANTS TO DESTROY YOUR CHURCH" fringe

      You mean like the "OMG THE GUVMINT WANTS TO DESTROY YOUR MEDICARE/SOCIAL SECURITY/WELFARE" fringe on the other side?

    249. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1

      The only problem with your conspiracy theory is that mod points are handed out semi-randomly. They also expire after about 48 hours. Above and beyond that, you have to contribute and have your posts modded up to get mod points (at least that has been my experience).

      Incorrect. As currently designed, mod points are good for a week after they are awarded.I have had a pool of 15 mod points to use for a few days now, but I chose to comment in many cases instead; thus, the system is broken because the people who abuse modfarming can use theirs freely, while good commenters are forced to choose between commenting and modding. I could moderate, and fix some of the abuses I'm seeing today, but only at the cost of my comments vanishing from this discussion.

      There is also a "bias" towards giving mod points to accounts that have Excellent karma, but it's not that much higher than the chance given to "good" karma accounts. By definition, the sleeper mod accounts will never be modded below Good because they are not used for posting. No posts = no downmods. Good karma = a reasonably high chance that a sleeper account will have modpoints to burn, especially as an aggregate portion of a swarm of sleeper accounts.

      Estanislao Mart describes the behavior of previous bot-farm makers. I am proposing that the behavior I am seeing on Slashdot is 100% consistent with this sort of behavior. Posts that are -1, Flamebait/Troll/Overrated fly up to 5, Insightful and posts that are 5, Insightful fall all the way to -1 in the span of only a few minutes, and they do it in large quantities - to the order of around 50 posts on which this behavior was happening. Many posts would vacillate up and down, between 0 and 4, continually as I refreshed the discussion.

      This is not "moderating." On the scale this is occurring, someone has a point farm running and is abusing the system.

    250. Re:Rewrite the Constitution or face default! by Straif · · Score: 1

      You can debate the how and why of things but the fact is after the Bush tax cuts federal revenues increased at an historically high level. Whether this was directly or even partially because of the tax cuts doesn't really matter at this point, but it does show that federal income really isn't the problem.

      The problem is that for every extra dollar coming in Feds will always find a pet project to spend 2 dollars on, and it really doesn't matter who is in charge. Add to that the complete bastardization of the Commerce Clause to try and make every issue a federal one and you get a central government spending untold millions to prevent such small time activity as preventing a farmer from giving some of his extra crop to his next door neighbor simply because they can, even if no state borders are ever crossed or even money exchanged.

      On good thing about this possible shut down is that there is more than enough income to pay for interest payments, social security, veteran's affairs, the military and all the health dept., despite what your President keeps repeating, but it may smarten some in congress to realize it's time to stop trying to put their fingers into everyone elses pie and let the State and local governments earn their tax dollars.

      --
      Of course that's just my opinion...... you could be wrong!
    251. Re:Rewrite the Constitution or face default! by Technician · · Score: 1

      Please don't avoid the issue by playing the Race Card. That is a cheap shot and totally avoids the issue.

      Here is the issue. Has your income Doubled in the Last 5 years? Seriously, has it? Have your investments also doubled in value in the last 5 years?

      Race card aside, take a look at the rate your Uncle Sam is blowing through money. They DOUBLED spending in the last 5 years. They didn't double income to pay for it. Fair share time. Double everyone's taxes and fees. Now instead of seeing about 1/2 my income vanish to taxes and fees, I would see almost all if it vanish. When it vanishes, what incentive do I have to keep working a producing. Doubling my taxes will not Double Revenue no matter how hard you seize my assets. You can take my assets only once while I am not working. After that I become a ward of the state.

      The Al Gore global warming hockey stick is not the temperature rise, but the debt rise.
      http://zfacts.com/p/1195.html Add the limit they are trying to add to this graph.

      Care to play the class envy card or race card again and avoid the real issue of runaway spending and the upcoming hyperinflation. Playing class envy and the race card won't save us. Putting a cap on spending will, which is what the debt limit is.. a cap.

      --
      The truth shall set you free!
    252. Re:Rewrite the Constitution or face default! by mdf356 · · Score: 1

      1999 and 2000 there was a small surplus under Clinton, of tens of billions (exactly how much depends on what you count). This surplus carried over into 2001 which was a budget passed in 2000. Before and after that it's red ink.

      --
      Terrorist, bomb, al Qaeda, nuclear, yellowcake, kill, assassinate. Carnivore is dead... long live Echelon.
    253. Re:Rewrite the Constitution or face default! by dave562 · · Score: 1

      It should be easy enough to analyze and identify the accounts involved if that is happening. I know that there are a lot of out of work coders who frequent this site. One of them should take it up.

    254. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      Because if they don't tell us what they offered to cut, or what taxes they wanted to raise, I have no idea if it was a legitimate plan. Also, how do you know that you would not have as much, or more, of a problem with what they wanted to cut and what taxes they wanted to raise than you do with the Republican plan? Or, is it that you know you wouldn't because you would support anything the Democrats propose, even if it is something you would oppose when Republicans propose it?
      If they won't tell the American people what they would propose, why should the American people think it is any better than what the Republicans have proposed?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    255. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      Under the Clinton administration there was actually a surplus at the end

      There was on the "budget", yet the federal deficit went up that year as well. So, once you counted the "off-budget" spending the budget was not really balanced. If the Bush spending plan (every President includes a projection of spending over the next ten years in their budget) had been followed, the budget would have been balanced this year. Of course, those "spending plans" are just so much eye wash because they are never actually followed through on, spending is always higher than what past "spending plans" said it would be.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    256. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      Sorry, but there was no real surplus. If you look you will see that the federal debt increased both of those years as well. If there was an actual surplus, the federal debt would have diminished by the amount of the surplus.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    257. Re:Rewrite the Constitution or face default! by kilfarsnar · · Score: 1

      Hey, you're right! English is so simple and not confusing!

      --
      "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
    258. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      Which means that seniors, people on medicare assistance due to crippling injuries or congenital disorders, and the military would then NOT GET their checks.

      Maybe this should have been thought about before driving the country into debt by spending money we don't have? It's like someone taking out a bunch of loans and running up unsustainable debt on all their credit cards and then crying about "omg, but I'll be homeless!" when the bank comes to take their house.

      Which assets, pray tell?

      The exact question asked by people wary of the level of government spending that is occurring.

      In other words, you think playing shell games, the equivalent of paying this month's Mastercard bill with a cash advance from Discover Card, is a good idea?

      Is not the example of "cash advance with a Discover card" the exact thing being done when you pass a budget that exceeds the debt ceiling and then simply expect that ceiling to be raised down the road? Hell, it's even worse than that -- it's like charging more to your credit card than your maximum spending limit and then just assuming the credit card will raise your cap to compensate.

    259. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1

      It should be easy enough to analyze and identify the accounts involved if that is happening.

      Not so. Only the Slashdot site mods themselves can see who modded on a given comment and when. As stated previously: the sleeper accounts are virtually invisible because they never post.

    260. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1

      Yes, I am referring to PRECISELY the things the Republicans were screaming about the recent Health Care system overhaul bill.

    261. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      That chart has some issues with it. The bush tax cuts may have helped cause the recovery, but the cost of the tax cuts is measured based on the recovery happening. The projection for 8 years of obama is less than the current deficit. All defense for his term is added to Bush, no defense for his term is calculated for Obama. The entire thing is predicated on the president being responsible for all policies, and that fiscal year immediately after a change of hands is fully the responsibility of the previous president (no TARP 2?). It's all bogus.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    262. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1

      Is not the example of "cash advance with a Discover card" the exact thing being done when you pass a budget that exceeds the debt ceiling and then simply expect that ceiling to be raised down the road? Hell, it's even worse than that -- it's like charging more to your credit card than your maximum spending limit and then just assuming the credit card will raise your cap to compensate.

      No, it's more like starting a bunch of useless wars while passing tax cuts to billionaires, but keeping the war funding "off the books" until the next guy has to come in to office to clean up the fucking mess you created.

      Which, come to think of it, is precisely what the Republicans did.

    263. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      Hey, an awful lot of the freshman Republicans can honestly say they would have done things differently. They're from the wing of the party which lambasted Bush for profligate spending during his terms, but which the establishment tuned out.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    264. Re:Rewrite the Constitution or face default! by Teancum · · Score: 1

      The difference is being able to pay them off in a short period of time. I suppose the same thing happens in business, where eventually if a company (or an individual) keeps borrowing money they can't repay, eventually they become bankrupt.

      The problem is when a country goes bankrupt, it screws everybody over. Nobody knows at all what it means for the United States of America to go bankrupt, as it basically takes the entire world financial system down with it. Some might say that is a good thing after a fashion, but I predict that will only be settled through warfare. The last major economic collapse on this magnitude resulted in World War II. I'd hate to see what this one could bring if it became worse.

    265. Re:Rewrite the Constitution or face default! by jafac · · Score: 1

      To be fairer: The president isn't even proposing the following: Allowing the Temporary Bush Tax Cuts to EXPIRE. Which is being falsely called a "tax increase".

      The distortion of this whole debate by the media has been just absurd. Let the freaking tax cuts expire already.

      --

      These are my friends, See how they glisten. See this one shine, how he smiles in the light.
    266. Re:Rewrite the Constitution or face default! by dave562 · · Score: 1

      But if it is a real problem, the site mods can collect the data and analyze it. If there are truly hundreds(?) of mod point farming accounts out there then it should be pretty obvious when they become active. Some simple logic based around the difference between today's date and the last logged in date would be a good measure. If it is a centralized effort then odds are that there will be a small number of IP addresses logging into a large number of accounts. etc.

    267. Re:Rewrite the Constitution or face default! by Bill_the_Engineer · · Score: 2

      Let me put it another way. If congress abuses its constitutional obligations and passes a budget that they had no intention of enforcing then what are the repercussions?

      Remember it was 1995 when house republicans repealed the Gephardt rule that (since 1979) automatically raised the debt ceiling to an amount required to fund the passed budget. This was part of their showdown with President Clinton that caused two governmental shutdowns. Let me remind you that they only refused to pass a budget and never threatened the US' ability to borrow money.

      Fast forward to today. We now have a bunch of house republicans that never intended to honor their constitution obligations to make sure that the US government doesn't default on its loans as explicitly required by the 14th amendment. So the only question before us today is what do we do when we have a rogue congress that refuses to do their constitutionally required duty?

      This is uncharted territory, and I see it having several outcomes:

      1. The president allows the government to default. The blame rest squarely on the shoulders of the house of representatives, after all they didn't perform their constitutionally defined function and allowed the government to default on its loans for the first time in US history.

      2. The president issues an executive order that raises the debt ceiling. The house will of course impeach the president for "abuses of power". The senate will not have enough votes for a conviction. In the mean time, the judicial branch will also review the constitutionality of the actions of both the house and the executive branch. Oh yea, the republicans have to hope that this doesn't jeopardize their chances for 2012 like the 1995 house republicans blew their chances and gave Clinton a second term as president.

      3. At the last minute the house will pass an emergency bill that raises the debt ceiling enough to fully fund the current fiscal year. A bonus would be that the emergency resolution would include changes in house rules so that it requires the debt ceiling to be raised with the passage of each years budget which basically reestablished the Gephardt Rule except this time it would be called the Boehner Rule which would be appropriate since unlike Gephardt's rule which made credit extension automatic, I can see Boehner's Rule requiring a vote on both the budget AND the credit limit.

      I personally hope #3 happens. US continues to have an unblemished credit history. The house republicans save face and can brag that they brought the debate of the nation's debt to the nation's living rooms, while at the same time facilitating a rule change that in theory would set a spending limit first from which both parties could negotiate a "fair" budget. This would be a significant step to bring fiscal responsibility to government.

      Baring that, I think the president should do the right thing and issue an executive order that would prevent us from paying a hidden tax caused by a credit default or having the government shut down. Since we are talking about option #2, that would require him to put the country's needs before his own.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    268. Re:Rewrite the Constitution or face default! by jafac · · Score: 1

      That's where you're wrong.

      We are not a practical bunch. We are not willing to put aside political differences. We have a rebellious group in the south, and our wealthiest are tax cheats and criminals. We had to reign them in by force in the civil war, and even then, in the face of removing power from the private banking cartels by granting the government the power to issue currency via the greenback (Lincoln) - they resorted to assassination. (this was the real reason Lincoln was assassinated - to prevent that power from becoming permanent, and to restore our enslavement to the private banking cartels).

      Even defeated in the civil war - they continue to insist on having their way. It is kind of sad. Very sad. You had better start doing your re-assessing, because this nation is fucked. I do not believe we can successfully fight another civil war. We are about to go the way of the old Soviet Union. Just watch.

      --

      These are my friends, See how they glisten. See this one shine, how he smiles in the light.
    269. Re:Rewrite the Constitution or face default! by iggymanz · · Score: 1

      You rant like an obsessed lunatic with wild assertions that have no basis in fact. There aren't enough Tea Party members in Congress to have a sufficient majority or even voice to do anything by themselves. Most in The Business Plot are dead, the current Tea Party supporters are too young. Most Tea Party supporters are not nor never were in the John Birch Society, and certainly not the American Liberty League.

    270. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      How does lifting the Bush era tax cuts raise the deficit?

      You never raise taxes during a recession. That's like Econ 101. Secondly, it doesn't change the fact we're spending way way too much. I almost feel like Obama is stuck on jacking taxes on 250k+ solely out of spite to stick it to the rich.

      Maybe you should look at their proposals?

      They all suck. Most use "winding down wars" (which is already going to happen) as part of their calculations, as well as tax increases. Between those things, the actual "spending cuts" they're putting forward are pitiful. And the fact they completely gloss over or otherwise refuse to address are the biggest projected expenses (social security/medicare) make them not even worth talking about.

      The Republican side wants to keep taxes lower than they've ever been while severely cutting programs affecting millions of Americans.

      I'm fairly certain raising taxes would "affect millions of Americans" as well. It's also a bit disingenuous to be concerned about the "programs affecting millions of Americans" when those programs are unsustainable by all projected estimates. They require reform regardless of intent or need. Just "passing the buck" and delaying the inevitable problem is not a solution.

    271. Re:Rewrite the Constitution or face default! by rockout · · Score: 1

      Thanks, I know the difference; I'm British.

      I find it amusing that you think there's some kind of correlation between those two things.

      --
      I've learned that they're worthless, so I don't read AC comments anymore.
    272. Re:Rewrite the Constitution or face default! by BeansBaxter · · Score: 1

      What should your new rate be?

    273. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      You act like we haven't heard of supply and demand before. While you continue to live in your world of simplistic concepts, the rest of us will recognize the problem for what it is. You act like someone can just go in to a 7/11 and demand fresh vegetables. The store owner will laugh at them. You claim that "food deserts" don't exist. They do, you just won't acknowledge them because it runs counter to your simplistic concept of supply and demand. Perhaps you should try living in one of these neighborhoods. See if you can create a demand for fresh produce and nutritious food. So, go live in your world where ideals are the law of the land... the rest of us will acknowledge the problem and do our best to help a situation that's a hell of a lot more complex than "supply and demand".

    274. Re:Rewrite the Constitution or face default! by shoehornjob · · Score: 1

      Thanks for the compliment.

      --
      "We are just a war away from Amerikastan. When god vs god the undoing of man." Dave Mustaine
    275. Re:Rewrite the Constitution or face default! by Darinbob · · Score: 1

      Problem is the approaches that make sense will be the moderate approaches. This is considered unacceptable to both the left and right wings who are all up for election next year. Even though a moderate stance will appeal to the most Americans it also will not get you past the primary elections.

      The other big change in the last decade or so is that "compromise" has become a bad thing. It implies selling out your ideals or some such nonsense. Benjamin Franklin one of the founding fathers was a big advocate of compromise, thus he would be unwelcome in today's Republican or Democratic party (probably not Libertarian or Green either).

    276. Re:Rewrite the Constitution or face default! by Darinbob · · Score: 1

      It goes both ways too. Ie, with social security it is "fair" in that everyone pays in and everyone collects. But it's "unfair" in that the rich people who don't need social security can collect on it as well even though they don't need it and have contributed only a tiny fraction of their income to it (it's a payroll tax with a cap).

    277. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1

      You're making the erroneous assumption that the site mods give a crap, though.

    278. Re:Rewrite the Constitution or face default! by xeube · · Score: 1

      How about Nader? :P

    279. Re:Rewrite the Constitution or face default! by scot4875 · · Score: 1

      You forget: suggesting in any way that people with a lot more money than everyone else should pay more in taxes than everyone else is SOCIALIST CLASS WARFARE.

      --Jeremy

      --
      Jesus was a liberal
    280. Re:Rewrite the Constitution or face default! by Darinbob · · Score: 1

      Yes, the US is by no means a high tax state, and saying that Americans are taxed too much is just an absurdity. I think the real problem is the poor return on investment from our taxes (bad healthcare, bad education, infrastructure declining since the 50s, etc).

      Spending and debt has gone up by leaps and bounds since Clinton was president. Two new big expenditures have been added since then: wars and the prescription drug program.

    281. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      They are refusing to even consider a deal that includes any revenue increases at all.

      Good for them. While the Dems held Congress, Obama spent his entire presidency running up a gigantic debt while ignoring the Republicans and telling them to "ride in the back" -- and now suddenly he wants to play compromise? Fuck that. Running up a tab and then using it as an ultimatum to raise the debt ceiling (or taxes) is complete bullshit and just as disgusting as what you blame the Republicans for. It's like telling a habitual spender to "just get another job" instead of addressing the root cause.

    282. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 1

      Well shit, then again I guess Obama spending more in 3mo than Bush Jr. did in 8 years is pretty telling. You need to invent shit in order to keep the idiots in hand.

      I guess you're saying that you're one of the idiots then? That 2009 budget with the huge deficit was written and passed in 2008, with Bush's signature on it. (Similarly, the last US budget with a surplus was the 2001 budget... written and passed in 2000, with Clinton's signature on it.) The total debts added in the Bush years are over three trillion dollars. There's no three month period where Obama added another three trillion dollars in debt. Hell, there's no period at all where you can say he added that much; the ONLY budget he signed was the 2010 budget; there is still no 2011 budget, I'm sure you must have heard that in the news by now.

      no proof. Even though there's a $100k bounty to provide proof?

      Hmm, let me google that. Oh, it's by notorious video-doctoring liar Breitbart, who felt free to offer such a bounty because the terms are impossible to meet.

      Being a canuck, I've been to a few myself. And I never saw this racism.

      Oh really? You're a Canadian, but attended Tea Party rallies in the southern US?

    283. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      Actually, the vast majority of Bush's tax cuts were for the poor and middle class.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    284. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Because if they don't tell us what they offered to cut, or what taxes they wanted to raise, I have no idea if it was a legitimate plan. Also, how do you know that you would not have as much, or more, of a problem with what they wanted to cut and what taxes they wanted to raise than you do with the Republican plan?

      If the Democrats put together a plan, it would have to be one that neither of us would consider legitimate, just as the Republican's plan isn't legitimate. There's just no way that it would pass. If they put together something legitimate, then the Tea Party, AT BEST, would consider it a starting point for introducing lots more cuts, and getting rid of whatever revenue increases are included. That would be incredibly stupid for them to do. It's more likely anyway that the TP would just refuse it flat-out as they've refused any compromise at all so far. So we're stuck.

      Or, is it that you know you wouldn't because you would support anything the Democrats propose, even if it is something you would oppose when Republicans propose it?

      I don't support either party for ideological reasons. They both do some things I agree with and some that I don't. They both act incredibly stupid sometimes, or at least it seems that way to me. I'm sure they see some benefit in it. In this case though, I think it's the Republicans that are being stupid. Actually that's not quite right, as a lot of them are apparently willing to be reasonable. It's the TP faction that's trying to screw over the whole country right now.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    285. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      What I don't get is why now ? The debt has piled up in good times and bad under administrations of both stripes.

      Because the debt has only been this bad once in the entire existence of our nation (in the 40s during World War 2).

      http://www.usgovernmentspending.com/federal_debt_chart.html

      What's worse is that projected debt (as in "taking into account future expense of SS/Medicare") has never been this high in this history of our country.

    286. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      If you're not willing to compromise, then don't get into politics. ...If you can't find balance between points of view, you can't govern.

      And yet this is true of practically every politician out there. Name me a single Democrat willing to take a serious stand for social spending reform. Hell, even Obama wasn't willing to compromise when he held all the cards (remember Mr. "ride in the back")? He spent 2 years deadset on forcing people onto his terms and suddenly wants to compromise when he can't just do as he pleases.

    287. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      The approach proposed by the President seems quite fair. On one hand he wants to cut expenditure while making sure that the rich few pay the fair share of taxes.

      He has no serious proposal to address entitlement reform, which is the most important part of the equation. His proposal outlines exactly where the tax hikes will occur yet hand-waves the specifics about where the spending will come from (talks of commissions and such). And his proposal only looks fair if you view this as a debt problem rather than a spending problem. If you view it as a spending problem, all his proposal looks like is "throwing in a few bones to get a free check to spend more money"

    288. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      You consider it too rigid to follow the constitution? You'd rather let our rights degenerate with every minute the Democrats remain in power in the white house?

      The Democrats have slandered and lied about the Tea Party from the moment they sensed danger to their cushy positions of power. The fact is that the biggest goal of the Tea Party is to return the rights of free people to those people and away from the government as the constitution requires.

    289. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      He didn't provide a plan. He stated that he was working on a plan that would do that.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    290. Re:Rewrite the Constitution or face default! by Danse · · Score: 2

      Good for them. While the Dems held Congress, Obama spent his entire presidency running up a gigantic debt while ignoring the Republicans and telling them to "ride in the back" -- and now suddenly he wants to play compromise? Fuck that. Running up a tab and then using it as an ultimatum to raise the debt ceiling (or taxes) is complete bullshit and just as disgusting as what you blame the Republicans for. It's like telling a habitual spender to "just get another job" instead of addressing the root cause.

      Wrong. We wouldn't have had to run up most of the debt we have in the last couple of years if it hadn't been for the economic crash which happened on Bush's watch, and it wouldn't be nearly as bad as it is if Bush hadn't run up so much debt already by not paying for the wars, the tax cuts, the drug bill, etc. Republicans had control of Congress for like 10 of the 12 years before the Dems took it over again in 2008. What did they do all that time? Spend like crazy on the national credit card, not paying for much of anything. STFU until you can at least be consistent in your bitching.

      As for the whole "ride in the back" thing, you'd probably do that too if the people you had to deal with had a habit of comparing you to Hitler and Marx. Hell, Obama has alienated a lot of his base by being so right-leaning. He's continued a lot of Bush policies. It's retarded to call him anything but a centrist. The Republicans are so ridiculously far-right now though, they'd call Reagan a fucking commie if he were in politics today.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    291. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      Yes, Democrats are absolved because they have made major concessions, e.g. the Reid plan you just mentioned

      You mean this Reid plan? http://www.businessinsider.com/reid-introduces-democratic-deficit-plan-2011-7
      "His deficit reduction package would not include entitlement reform"
      "includes $1 trillion in savings from the wars in Iraq and Afghanistan."
      "$1.2 trillion would come from cuts to discretionary spending, while another $400 billion would come from interest savings. The plan does not detail where the discretionary program savings would come from."

      Major concession??? What major concession? Entitlement reform isn't addressed as all, half the bulk of the savings come from "unwinding wars" (which is cuts to things Republicans are actually interested in), and the other half of the bulk isn't even detailed. What you call a "major concession" I call a smoke screen.

      When they put forward a plan that contains real entitlement reform or detailed extensive spending cuts (as in exactly where the money comes from) that doesn't resort to using projected savings of things that were already going to happen (unwinding the wars) as a cost point, maybe I'll agree with you.

    292. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      I'm perfectly fine with my tax rates going up a few percentage points.

    293. Re:Rewrite the Constitution or face default! by Elbows · · Score: 1

      He did put forth a plan, and it's been analyzed by the non-partisan Congressional Budget Office, which is where the $2.2 trillion figure comes from.

      http://www.washingtonpost.com/blogs/2chambers/post/budget-office-says-reid-plan-would-cut-deficit-more-than-boehner-proposal/2011/07/27/gIQAWPwncI_blog.html

    294. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      you do realize taxes are the lowest that they've been since the 1950's, right?

      That just proves they were utterly insane in the 50s.

    295. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      The blame does not rest squarely on the house, since they brought an option to him which would extend the ceiling 6 months, more than enough to cover the current fiscal year, which only lasts until september.

      The entire point of our discussion has been whether the 14th amendment actually provides the cover for an executive order raising the debt ceiling. It's clear to me that it doesn't. I don't think the president will risk #2.

      It's worth remembering that failure to raise the debt ceiling does not mean automatically mean default. You left out:

      4. The government partially shutsdown while continuing to pay it's existing debt with current income. Despite your suggetion otherwise, this wouldn't wouldn't be a form of hidden tax.

      I think some form of last minute bill is likely.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    296. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      OP is a lunatic... please ignore him. JBS and ALL sound great. They oppose the New Deal (one of the worst government programs ever next to Patriot Act). Count me in!

    297. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      They have approved and pass a budget

      They haven't passed a 2012 budget yet. The 2011 budget expires in September.

      but they are also refusing to raise the debt ceiling which is essential to implement this budget

      Umm, if it was essential implement the budget, why did they not raise it when they passed the budget? (since they knew exactly what they'd be spending?).

    298. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      I have had several discussion, and none of them were reasonable people. Not at all. They weren't raving, but the clearly had no idea how the government runs, are clueless to the facts that prices go up, have no plan on what to cut, and when pinned don't they don't want any services recedes

      FYI, we feel the same way about your ilk. Except that your side comes with the "raise taxes on rich people == solve all problems" paradigm as well.

    299. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      no, yoou couldn't unless you made a law to do so first.

      social security tax does not go into the general fund. they use an accounting gimmick that allows them to move it there, but thats another story.

    300. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      The deficit is the result of the Bush tax cuts.

      Says you. I say it's the result of Obama's stimulus spending. See how that works?

    301. Re:Rewrite the Constitution or face default! by phlinn · · Score: 1

      Interesting. The last links I had seen were older, and apparently before he actually showed a plan but after making promises to provide one with 2.7 trillion. The link you gave was posted after the slashdot article we are commenting on. :) Nonetheless, I retract my statement, but reserve the right to criticize his proposal if warranted. I'll have to dig a bit. The washington post article does suggest some issues with it, such as including as a cut war money that never would have been spent anyways.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    302. Re:Rewrite the Constitution or face default! by buybuydandavis · · Score: 1

      No. It is not how democracy was intended to work. You do not threaten to harm the country if your demands are not met.

      So it's not the people running up trillions of dollars of debt that are the threat, it's the people who are trying to put a stop to increasing the debt?

      It's not the heroin pusher that's the problem, it's the guy suggesting you go through detox.

    303. Re:Rewrite the Constitution or face default! by buybuydandavis · · Score: 1

      A Canadian thinks the US should have more taxes and a bigger government. Who woulda thunk it?

    304. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      the problem with raising taxes is that it creates dead costs for an already struggling economy. If the economy was sound, raising taxes would be a god idea, but right now, and in the foreseeable future, it is a very bad idea that could further damage the economy or destroy it altogether.

      Now before anyone chimes in with Clinton raised taxes, look at the details, he had a fairly robust economy and it could stand the dead costs.

      Also, note that by dead costs, I means costs that add absolutely no value to the economy and the participants within. It would only cover existing obligations while draining investments from it.

    305. Re:Rewrite the Constitution or face default! by interkin3tic · · Score: 1

      As far a Boehner being black, I got nothing.

      He's clearly orange, not black.

    306. Re:Rewrite the Constitution or face default! by interkin3tic · · Score: 1

      Social security is bringing in a surplus and is necessary for many citizens. Citizens who paid their part for their benefits. Cutting it because the government is spending too much elsewhere would be nonsensical.

    307. Re:Rewrite the Constitution or face default! by Sprouticus · · Score: 1

      Except that one of the two parties has already stated on multiple occassions a willingness to compromise. In fact many Republicans would be willing to as well. It is the dogged Tea Party (and their left wing counterparts who refuse to consider modifying any entitlements) that are the issue.

    308. Re:Rewrite the Constitution or face default! by Hatta · · Score: 1

      Continuing tax breaks on the super rich is a major concession. This is a perfect example of how you and your kind are impossible to negotiate with. If you don't get everything you want, you deny you're getting anything.

      --
      Give me Classic Slashdot or give me death!
    309. Re:Rewrite the Constitution or face default! by Attila+Dimedici · · Score: 1

      The thing about negotiation is that you put your starting position out there to work from. You know you aren't going to get everything, but it is a starting point. The Democrats haven't put out that starting point. The Republicans have. You don't like the Republicans starting point and that is fine. But how do you know that the Democrats' starting point is any better?
      I'm sorry, but from where I stand it looks like it is Obama who wants to screw over the whole country. He has been trying to get a government shutdown that he is then going to try and blame on the Republicans since they needed to pass a Continuing Resolution to fund the government for the rest of the fiscal year. Why is he insisting that any debt ceiling increase be until after next fall's election? Why did he threaten to veto a plan that was looking like both the House and the Senate could pass?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    310. Re:Rewrite the Constitution or face default! by iserlohn · · Score: 1

      Because raising the debt ceiling is a matter-of-fact. The fact that the TEA party is refusing this is what's new about the situation. This will not stand a judicial review.

    311. Re:Rewrite the Constitution or face default! by budgenator · · Score: 1

      They're already doing the government equivalent of paying their Mortgage with their credit card, so only logical reason we have the credit rating we have is because nobody wants to admit the emperor has no cloths.

      First we can't afford to spend the way we are, most people owe 3 or 4 years worth of wages to the debt;
      Second if we try to tax our way out our lame economy is going to die for sure;
      Third borrowing your way out of debt is an oxymoron;
      Forth when the Democrats say only the rich will see tax increases, that means eventually everybody above the poverty line;
      Fifth when the President says we need a balanced approach, he means we're going to be walking on razor blades.

      The real way out is for inflation to climb to about 6% so the money paying back the debt isn't worth so much, but that's going to kill six-pack Joe.

      --
      Apocalypse Cancelled, Sorry, No Ticket Refunds
    312. Re:Rewrite the Constitution or face default! by ex0a · · Score: 1

      I don't have points, but I would give them to you if I did. +1

    313. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      Because raising the debt ceiling is a matter-of-fact.

      Just because it has always been a matter-of-fact doesn't mean it should be. Otherwise, why have a debt ceiling at all? It's it is completely arbitrary, irrelevant, and raised without even a second thought, that means it is nothing more than window dressing, akin to TSA security theatre. Either remove it entirely and don't pretend you actually give a shit about a balanced budget, or adhere to it. It's that simple. I'm personally grab someone is finally actually forcing this hard issue to actually be debated -- "passing the buck" on government spending has been happening for way too long. Hell, the Dems are constantly bitching about the cost of Bush's wars...you think they'd actually be into the idea of a law that forces politicians to actually have money before they spend it.

    314. Re:Rewrite the Constitution or face default! by DeathSquid · · Score: 2

      We have enough money to do all of those things. We do NOT have enough money to cover the ridiculous, no, the obscene spending that Obama has precipitated since he took office. He has DOUBLED the size of the national debt in 3 years.

      If we default, it will be because Obama decided to extort from the country and chose to pay for his spending projects instead of the entitlement programs that we were ALREADY obliged to pay, when he so recklessly wasted the money on all of his pet projects. Because he can decide what we pay for and what we don't. But he knows full well that a default would be disastrous, and he knows equally well that there's absolutely no good reason for us to default, if we just waste less money on the crap that he's managed to pass in the 3 years since Bush left.

      The total US public debt as of Jan 20 2009 was around 10.6 trillion. It is now around 14.3 trillion. No matter how much you shout, it is clear that Obama has not doubled your public debt. I suggest that you ask those that misinformed you what their real agenda is.
      However, during Bush II's term of office, the US public debt grew from 5.7 trillion to 10.6 trillion. Not quite a doubling but close.
      If you want to criticize Obama, I draw your attention to the US Federal deficit. 2009 saw a record 10.1% of GDP deficit, a post WWII record. This is clearly unsustainable over the long term without either massive future inflation or tax hikes (or both). The real question is whether this is a spike due to Keynesian pump priming or structural.
      Since there exist examples of advanced economies with strong socialized health care and safety nets, and yet very little public debt (Australia being a case in point), it is unlikely that these are fundamental to the US deficit problem. Tax rates in the US are comparable to other advanced nations (except for the very rich, who have a great deal). Even your military expenditure has lagged the growth in your public debt. Perhaps you should ask your politicians where your money is really going?

    315. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      Continuing tax breaks on the super rich is a major concession

      The exact opposite of what you said is true. If the Republicans caved on the tax cuts, it would be a major concession. The tax hikes on only the rich is something that doesn't exist now that the Dems want. Claiming demanding less as a "major concession" is like claiming that giving up on the "balanced budget" amendment was a Republican concession. It's absurd. And that's why your kind is impossible to negotiate with. The Reid "compromise" is the _perfect_ example. It concedes _nothing_, yet is being put forward as some kind of "grand compromise" to the Republicans simply because it doesn't raise taxes? It doesn't even cut any spending the Democrats even care about. These are the things Republicans want: substantial entitlement reform, a balanced budget amendment, actual defined spending cuts that exceed the amount of the debt ceiling hike (ya know, without cheating like claiming savings from wars that were ending anyways as part of your "plan"). If any of these 3 things is conceded by democrats, that would be a major concession. Otherwise, it's all smoke and mirrors.

    316. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Obama made a bit of a strategic blunder in not making clear the state of the nation's finances when he inherited power: the Rep's could have been said to have lined him up for the situation he now faces. Constrast that with what the Tories did over here when they took control from Labour: they absolutely slated the previous administration and used that as an excuse for practically all changes they wish to make, whether necessitated by the national debt or not. (Not a serious criticism: just an observation, and personally I prefer Obama and democrats to Rep's but that doesn't come into it.)

    317. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 2

      Wrong

      lol, quite the distorted picture that paints. This pretty much means that all the war expenses and low tax benefits under Obama's watch are actually Bush's expense? There's a huge difference between a gigantic one-time giveaway (stimulus-esque handouts) and continued expenses that can be stopped at pretty much any time. If the Dems wanted to, they could have ended the Bush tax cuts at the start of Obama's presidency. They had the votes. Yet they did not...and yet you claim it's still Bush's expense? Moreover, claiming Afghanistan is Bush's expense is fairly ridiculous as well -- that exact war would have happened under _any_ president. Iraq, on the other hand, is totally Bush's war. Also regarding the Bush tax cuts, where does the 1.8 trillion number come from? All breakouts I see put the total far closer to 1.3 trillion (http://www.washingtonpost.com/blogs/fact-checker/post/revisiting-the-cost-of-the-bush-tax-cuts/2011/05/09/AFxTFtbG_blog.html) And it's absolutely hilarious that they're claiming only a ~150 billion dollar expense from Obama's healthcare plan. All the "projected savings" from this plan are entirely fictional, yet are somehow being used to factor into discounting the program (entirely ignoring the actual cost of the program) And worst of everything, you're trying to compare 8 years of presidency (and expense) against 2.5 years. Even with the distorted facts, Bush is .63375 trillion per year and Obama at .576 trillion per year, far closer than the picture this tripe tries to paint.

      At any rate, next time pick a less slanted source for your claims of expenditure. Like this one: https://secure.wikimedia.org/wikipedia/en/wiki/National_debt_by_U.S._presidential_terms#Federal_spending.2C_federal_debt.2C_and_GDP You'll note that federal spending with bush started at 2.011 trillion in 2002, steadily increasing by ~150 billion a year to a final total of 3.1 trillion in 2009. Then you'll notice a MASSIVE spike of nearly 900 billion dollars taking us to just short of 4 trillion in federal spending in 2010. In one year. Even if you completely disregard the 200 billion spike in unemployment costs from 2009 to 2010, that's a 700 billion jump in a single year. No president in history has spent that much. And his term isn't even over yet. Nor do we know what the final cost of his healthcare plan will be.

      As for the whole "ride in the back" thing, you'd probably do that too if the people you had to deal with had a habit of comparing you to Hitler and Marx.

      Like they did for Bush for 8 years? "Bush is the devil/Bush is Hitler" was very common if I recall correctly. By your logic, every president should be entirely one-sided and uncompromising because the other side continually derides and berates them. Oh wait, I think that's exactly the government we have now.

      It's retarded to call him anything but a centrist.

      He isn't a centrist. Centrists don't jack minimum wage or try to jack taxes on the rich, or push healthcare "reform" that is more concerned with giving everyone health insurance than is it actually lowering healthcare costs. Dems love to claim he's a centrist, because it gives them a perfect scapegoat to absolve themselves of the guilt of putting him into office. But it doesn't make it true.

      He's continued a lot of Bush policies.

      Continuing existing legislation does not make you a centrist. Passing new legislation that is somewhere in the middle would do that.

    318. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      No, it's more like starting a bunch of useless wars while passing tax cuts to billionaires, but keeping the war funding "off the books" until the next guy has to come in to office to clean up the fucking mess you created.

      Except that any president (including Obama) would have started the Afghanistan War, given the circumstances (http://www.huffingtonpost.com/social/HCLiberal/kandahar-infrastructure-civil-affairs_n_819370_77875588.html). And the total cost of both wars is still dwarfed by entitlement spending/bailouts/stimulus spending. And the people talking about "tax cuts for billionaires" routinely forget to include the fact that the Bush tax cuts cut taxes for _everyone_. In fact, the bulk of the expense of those tax cuts is coming from the lower brackets, not the highest.

    319. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      no, yoou couldn't unless you made a law to do so first.

      That's my point. The inventors of Social Security made a law to allow their tax to be split off separately. This doesn't suddenly make it a separate expense vs income comparison. If the Social Security tax doesn't sufficiently cover the expense, they will raise that tax or subsidize it with the general fund. The total cost to American taxpayers is the same, no matter what pot of money you hold those funds in. Pretending that it somehow exists in a budgetary vacuum is completely ridiculous.

    320. Re:Rewrite the Constitution or face default! by Nyder · · Score: 1

      ... Japan attacked the US because the FDR administration would not budge on their efforts to coordinate sanctions against Japan for their activities in China, which were indeed heinous crimes against humanity. Would you rather the US did nothing? Should we have continued to trade with and supply a nation known to be committing a wanton genocide? ....

      USA knew Japan was going to attacking Pearl Harbor. It got us into the war that FDR wanted.

      Not really unlike how 9/11 got us to do all the crap Bush and hit butt buddies wanted.

      Some people think it might be concidence, but it's not.

      This is how politics are done when you want to do something that the people may not agree with.

      --
      Be seeing you...
    321. Re:Rewrite the Constitution or face default! by Nyder · · Score: 1

      To be pedantic: No US president did that. FDR signed an order allowing the military to create exclusion zones. Race wasn't mentioned. It is critically important to remember that, because of it's far wider implications then an order to inter X people. Had race been specified, it never would have stood against the supreme court.

      It was General DeWitts order that interred the Japanese.

      IT can be argues that the Nihau incident was the tipping point from a military perspective, and fueled by the farmers of CA desire to rid the Japanese from farming.

      So, let me get this right.

      The President is the man. (or women, maybe in the future). The one in charge.

      So this General DeWitts, decided to put all the Japanese American Citizens, into camps, and the president didn't know?

      So either FDR sucked as a president (arguable) and didn't really know what was going on, or your trying to say someone did it without his knowledge?

      I'll tell ya what happen. The president was all for it, but didn't want to sign his name on, so they picked a general to take one for the team.

      In fact, they were good at making generals or even admirals targets for crap that the president/congress/peeps in charge screwed up on. Like Admiral Kimmel. http://en.wikipedia.org/wiki/Husband_E._Kimmel

      Sorry, but FDR not only knew, he gave it his okay.

      --
      Be seeing you...
    322. Re:Rewrite the Constitution or face default! by ElectricTurtle · · Score: 1

      It is credible to believe that the attack was expected. How does that change anything? Would a preemptive war started by the US been any better? The Pearl Harbor attack was pretty hard-hitting, but even if it had been less one-sided it wouldn't have mattered one bit to the underpowered forces in the Philippines or on Wake Island or the other US holdings that were quickly overrun in the aftermath of Pearl. Once again, yes, FDR and his administration were responsible, but what rational alternative was there, really?

      --
      I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
    323. Re:Rewrite the Constitution or face default! by lennier · · Score: 1

      This is not negotiation, this is taking America hostage.

      You have to admit, it is a plan worthy of a Bond villain.

      "Ve vant TWO TREEEEELION DOLLARS in tax reductions or ve vill crash ze American economy! And zis time ve do not even need to drill into Vort Knox and made all ze gold radioactive! Zat bit ve do just vor ze lulz! Muhahaha!"

      --
      You are not a brain: http://books.google.com/books?id=2oV61CeDx-YC
    324. Re:Rewrite the Constitution or face default! by Vancorps · · Score: 1

      The funny thing is you say raising taxes during a recession is a no-no except that its been done before and has always worked as corporations choose to grow their business rather than see their profit taxed. It fails the common sense test and fails the historical test so I'd like to know which Econ 101 you were taking.

      I'll agree Obama is fixated on taxing the rich, but that is because incomes for the rich are the only areas that have seen growth. The average income in this country has remained stagnant while the rich have been growing faster and faster. Couple this with that fact that there are far too many loopholes for the upper class and this resentment is not hard to understand. Look at how much Warren Buffet paid in taxes last year and then I think you understand why Obama is fixated on the people that have money right now as opposed to the people that have been losing their jobs and seeing their health premiums eat more and more of their net.

      As far as the sustainability of medicare and social security and other social programs geared towards preventing destitution which caused massive violence just a few decades ago.

      I also fail to see how raising taxes on the upper classes would affect millions of Americans. As someone that makes a fair amount of money I can assure you that I can afford a couple thousand extra a year in taxes without affecting my lifestyle one bit as opposed to friends of mine where a few hundred extra a year would break them. Given how much more I benefit from society I have no problem paying more to help others avoid destitution.

      Of course that is all besides the point as no one is saying we should raise taxes alone, there are of course plenty of areas where we need to cut spending and that is going to hurt people, we minimize the impact of this pain by raising taxes to reduce the amount of cuts necessary all at once. Once you get parity with revenue and spending you can start to think about either reducing taxes or improving social programs to make them harder to abuse while servicing more people or even better, start paying off debts!

    325. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Oh, he's the one trying to cause a shutdown? You're insane. In case you've forgotten, it's the Tea Party people that have already said they want a default to happen. You must have one hell of a reality distortion field around you there. The rest of the Republicans just want to kick the can a few months down the road so they can try to beat on Obama a bit more before the election. Tell me again who's playing games here? The Tea Party is willing to screw us all with a default that will end up being a tax on everyone.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    326. Re:Rewrite the Constitution or face default! by Wildclaw · · Score: 1

      Why is it OK for the Government to spend recklessly?

      Because monetary theory dictates that you should when using a government controlled fiat currency while unemployment is high. As long as the spending occurs in the fiat currency that is. Spending in Yuan or Euro, that would be reckless spending. Spending in US dollars, not so much.

      Seriously, a spending roof will do nothing but risk creating mass employment, lower US production output and setup the basis for a real hyperinflation scenario.

      Greece, Portugal, Spain and Ireland are having problems because their fiat currency isn't controlled by the government. Iceland have problems because they took on (or at least tried to take on) debt not in their own currency.

      The US problem is of a different kind though. It has all the tools in place to maintain a well working economy, but their politicians don't want it, because their ideology demands otherwise.

    327. Re:Rewrite the Constitution or face default! by Moryath · · Score: 1

      And the people talking about "tax cuts for billionaires" routinely forget to include the fact that the Bush tax cuts cut taxes for _everyone_. In fact, the bulk of the expense of those tax cuts is coming from the lower brackets, not the highest.

      Sigh. Another misinformed, deliberately moronic Tea Partier on the loose.

      The Bush tax cuts disproportionately benefited the wealthy, plain and simple.

      This is confirmed years later. The top 1% of earners laughed all the way to the bank taking a WHOPPING 38% of the benefit from the Bush tax cuts.

      So no, the "bulk" of the expense is not coming from those lower brackets. Feel free to go fuck yourself.

    328. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Except that any president (including Obama) would have started the Afghanistan War, given the circumstances (http://www.huffingtonpost.com/social/HCLiberal/kandahar-infrastructure-civil-affairs_n_819370_77875588.html). And the total cost of both wars is still dwarfed by entitlement spending/bailouts/stimulus spending. And the people talking about "tax cuts for billionaires" routinely forget to include the fact that the Bush tax cuts cut taxes for _everyone_. In fact, the bulk of the expense of those tax cuts is coming from the lower brackets, not the highest.

      So you're basically just going to dodge this one and not answer, right? Sure, Obama would have gone into Afghanistan too. Doubt he would have been dumb enough to go into Iraq while fighting a war in FUCKING AFGHANISTAN! Is there possibly anything dumber than that? Afghanistan is already a quagmire waiting to happen. So naturally you decide to split our efforts and try to fight on two fronts at once, right? That just turned out awesome for us didn't it?

      Then, whether we go into Afghanistan or not, why keep the war off the books? Then start another one, and not pay for that either? Then pass a big drug bill and not pay for that either? Then pass a big tax cut and not pay for that either? W T F? How do Republicans possibly have the fucking nerve to point the finger at anyone after what they've done with their control of Congress over the 10 years that they had it?

      On the subject of bailouts and stimulus, the morons in Congress may not know much about economics, and the Tea Party idiots certainly don't, but the consensus among economists was that the stimulus was necessary, and most thought it should've been bigger. Of course the Republicans wouldn't let anything bigger go through, but they also love to say that the stimulus failed too (another point where economists disagree). Funny how that works out for them. Hamstring the stimulus and then point and laugh and say it just ain't working. Jackasses.

      As for tax cuts for billionaires, yeah, we know that the cuts applied to everyone. But we also know that it's the middle class that has seen its wages remain flat for the past decade while those in the top few percent have seen fantastic growth. That's why the middle class folks would get to keep their tax cuts, and the wealthiest wouldn't. They're doing insanely well and would still be paying historically low taxes.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    329. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      That's cute rhetoric and all, but you have nothing to back any of it up. Just your conjecture. Most of it is too stupid to bother rebutting. [citation needed]...[badly]

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    330. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      This is extortion. This is anti-American. Rep Mike Lee Admits Extortion.

      In specific Tea Party Republicans are threatening to put the nation into default, holding the entire US economy and millions of lives hostage to pass their amendment to the Constitution. They want the nation to default because it will boost recruitment into their militias. They want a civil war and are apparently beyond compromise. They cannot be reasoned with apparently.

      Who are these people? Before they called themselves the Tea Party they called themselves the John Birch Society. and before they were called the John Birch society they called themselves the American Liberty League.

      This is the same American Liberty League that was behind the Business Plot.

      The Business Plot was the attempt to overthrow the US government and in specific overthrow FDR and install a fascist dictatorship. The history of that can be seen by watching this video.

      Read about Smedley Darlington Butler and how he single handedly saved the nation from a coup. Now that we have a black President the forces looking to have a coup have grown stronger than ever. And these groups hate the feds and the government because these are the ones investigating them. The solution? Tax cuts, smaller government, which means less FBI investigations into them.

      And btw I expect "them" to rate my post down into oblivion. Expect to see it rated as flamebait, overrated or something else.

      Your post is right on the money The Tea Party Psychopaths are traitors they deserve to be way more than investigated, Those who trample on our constitution and democracy deserve that sharp tall instrument used in the french revolution, they knew how to deal with this kind of greed psychopathic treasonous scumbags. Jail is too good for them send them with a sand bucket over to japan to clean up the shore line next to fukushima for Tepco, They will have the kind job they deserve

    331. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      This is extortion. This is anti-American. Rep Mike Lee Admits Extortion.

      In specific Tea Party Republicans are threatening to put the nation into default, holding the entire US economy and millions of lives hostage to pass their amendment to the Constitution. They want the nation to default because it will boost recruitment into their militias. They want a civil war and are apparently beyond compromise. They cannot be reasoned with apparently.

      Who are these people? Before they called themselves the Tea Party they called themselves the John Birch Society. and before they were called the John Birch society they called themselves the American Liberty League.

      This is the same American Liberty League that was behind the Business Plot.

      The Business Plot was the attempt to overthrow the US government and in specific overthrow FDR and install a fascist dictatorship. The history of that can be seen by watching this video.

      Read about Smedley Darlington Butler and how he single handedly saved the nation from a coup. Now that we have a black President the forces looking to have a coup have grown stronger than ever. And these groups hate the feds and the government because these are the ones investigating them. The solution? Tax cuts, smaller government, which means less FBI investigations into them.

      And btw I expect "them" to rate my post down into oblivion. Expect to see it rated as flamebait, overrated or something else.

      If they want a war, we well give them one they want forget screw the tea party !

    332. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Thank you for your well stated and unique perspective. You have a strong point about the reliability of the USA and until now it has been a foundation for financial stability which extends to other nations.

    333. Re:Rewrite the Constitution or face default! by thynk · · Score: 1

      Yes, all spending bills must start in the house so of course the budget must originate there, after the President sends his budget for consideration. Unfortunately, we haven't had a budget passed in something like 840 days now and have been operating under a continuing resolution until the end of FY2011 which was most recently presented and passed with minor spending cuts. As I understand it, the only reason the government wasn't shut down was the bill to make sure our military still got paid was not passed by the Senate. This is the same military the Senate is holding hostage now, along with the threat of default, Social Security and Medicare.

      The reason our credit rating is in danger isn't necessarily the threat of default, but is that we have spent close to 9 trillion in the last 2.5 years and can't find cuts 1/3 that amount over 10 years because the senate and president refuse to even consider any bills that don't raise taxes on those who earn 250k or more a year.

      I appreciate that we are a republic and not a democracy, plutocracy or monarchy. Presidents have limited power, and still get credit or blame for what happens during their administration, even if they didn't cause it. Fair or not, it's the way it is.

      Your arguments on the Constitution are not without merit, and I don't believe that the President is authorized under the Constitution to make such an increase. It's been nice to have a well reasoned discussion with someone who has opposing views, without things turning ugly.

       

      --

      Good judgment comes from experience, and a lot of that comes from bad judgment.
    334. Re:Rewrite the Constitution or face default! by Pieroxy · · Score: 1

      The views of both parties are radical. By definition, none are going to work without at least a bit of the other. By making the biggest revenues of the country paying no tax at all, there's no way you're going to repay the debt. That is, if you plan to.

      To answer your question, when I run out of money before the end of the month, I have two plans to try and avoid the same problem next month:
      1. Get a higher revenue. This can include asking for a raise, or getting another job on the side.
      2. Spend less.

      The best course of action is of course both. Now, if I can predict that action #2 will always be enough, sure, I can skip option #1.

    335. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      Insightful? Give me a break!

    336. Re:Rewrite the Constitution or face default! by elucido · · Score: 1

      the problem with raising taxes is that it creates dead costs for an already struggling economy. If the economy was sound, raising taxes would be a god idea, but right now, and in the foreseeable future, it is a very bad idea that could further damage the economy or destroy it altogether.

      Now before anyone chimes in with Clinton raised taxes, look at the details, he had a fairly robust economy and it could stand the dead costs.

      Also, note that by dead costs, I means costs that add absolutely no value to the economy and the participants within. It would only cover existing obligations while draining investments from it.

      Ah so to fix the deficit could kill the economy. Tell me something I don't already know.

      If we want to fix the deficit we have to raise taxes. Anything else is kicking the can down the road.

    337. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      Well, sort of. Because of the separation, when going from the social security account to the general fund, it counts as both a credit and a debt but going from the general fund to the social security fund, it's just a credit.

      With this, the costs to the tax payer is actually more one way and the same the other way. It's more or less accounting tricks but technically, the social security fund is owed any funds removed from it which increases the debt.

    338. Re:Rewrite the Constitution or face default! by Mindcontrolled · · Score: 1

      A legal formality. They want to formalize their victory and do away with the democracy orchestration.

      --
      Ubi solitudinem faciunt, pacem appellant.
    339. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      I guess you are missing the point of what I was saying.

      It's the timing. Do part of it now, then raise taxes once the economy recovers. IT doesn't need to happen right this second. It's obvious that both needs to happen eventually, and it's obvious that cuts alone will not fix the problem. It's also obvious that raising taxes right now is irresponsible and recklessly endangering the economy.

      So the solution, cut some government now, cap some spending now, wait until the economy recovers, cut some more spending (hopefully the war funding will be gone), cut some more government, revisits changing the taxes, and if the economy is robust enough to handle it, raise taxes.

    340. Re:Rewrite the Constitution or face default! by iserlohn · · Score: 1

      The debt limit is a mechanism to satisfy the constitution - it is congress' explicit permission to issue new debt up to a certain limit, removing the need for congress to get involved into the details.

      The real problem is that the budget hasn't been balanced for years, with the major growth in deficit due to tax cuts, military spending, and the massive bailout of the financial industry, and the republications seem to be in denial on how to balance it. We need spending cuts and also revenue increase to combat this, there is no other way. Effective tax rates on high earners and on corporations are at rock-bottom levels.

      The fact that you state "politicians to actually have money before they spend it" tells us a lot about those that share your views -

      1. Public finances don't work like your household finances (deficits drive economic growth when it's needed and is essential in modern economies)
      2. Debt is the result of budgets, and should be corrected with a budget rather than by forcing the issue with a technicality.
      3. If you take out the cost of the wars and the money that we put into the financial sector to bail them out, the problem we have with public debt is mainly the result of tax cuts.

    341. Re:Rewrite the Constitution or face default! by roman_mir · · Score: 1

      Tea Party Republicans are threatening to put the nation into default

      - false. Obama is threatening default (while privately Obama and Geithner are talking to bankers and politicians around the world on the phone, promising not to default even if the debt ceiling is NOT raised.)

      And btw I expect "them" to rate my post down into oblivion. Expect to see it rated as flamebait, overrated or something else.

      - who is 'them'? This place if filled with socialists and Marxists.

    342. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      yes, because all we need is raving loons countering stupidity. that is sure to get everyone on the same page.

      both the gp and the response had errors in it. But the GP's point wasn't invalid. People will get paid, seniors will get thier checks and so on through accounting gimmicks for several months. The only way this would not happen would be at the direction of, or incompetence of the head of the executive office. If people are put out of pay or benefits because of not raising the debt ceiling within the next 5-7 months, it will be because of Obama's direct actions or the lack of action to avoid it. The capability is there for at least the rest of this fiscal year.

    343. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      You are right technically, but wrong in that the budget being talked about is considered balanced when it is proposed to law, not at the end of the year when we failed to meet its goals.

      So the budget has been balanced as in, expected income matched expected spending. The biggest problem is that things didn't go as expected and we knew from the onset that there would be off budget expenditures that wouldn't be counted for on the budget. So a balanced budget has been proposed and passed into law, but that budget didn't remain balanced come year end.

    344. Re:Rewrite the Constitution or face default! by AP31R0N · · Score: 1

      It's not pedantic, it's telling the truth/being correct.

      --
      Utilizing the synergization of benchmark e-solutions to pre-workaround action items!
    345. Re:Rewrite the Constitution or face default! by Bill_the_Engineer · · Score: 1

      Yes, all spending bills must start in the house so of course the budget must originate there, after the President sends his budget for consideration. Unfortunately, we haven't had a budget passed in something like 840 days now and have been operating under a continuing resolution until the end of FY2011 which was most recently presented and passed with minor spending cuts.

      Wrong. Congress passed a budget for 2011 back in April. I included a link from Fox news. Obama even signed it into law.

      Any more disinformation you would like to share?

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    346. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      By definition, the sleeper mod accounts will never be modded below Good because they are not used for posting. No posts = no downmods.

      By definition, they also will not get mod points. You have to actually post comments in order to get mod points. "Sleeper" accounts will never get mod points, because they aren't actually used.

      And mod points last only 3 days. If you have mod points for longer than 3 days, it means you were awarded more mod points before your old ones expired.

      Occam's razor. Learn when & how to use it. The behavior you are seeing on Slashdot is 100% consistent with a bunch of highly opinionated people with opposing political outlooks who are choosing to moderate rather than post. Particularly since, as you noted, comments' scores fluctuating between o and 4 continually indicates that (if your logic holds) not one but two (opposing) point farms must be running, which stretches the credibility even further. No, you're just seeing crowd-sourced moderation at work.

    347. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Oh, wait, except here are the numbers: http://www.fms.treas.gov/mts/mts0611.pdf. You fucking lose.

      I think you're oversimplifying. We'll be defaulting somehow, the only question is who gets the shaft.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    348. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      both the gp and the response had errors in it. But the GP's point wasn't invalid. People will get paid, seniors will get thier checks and so on through accounting gimmicks for several months. The only way this would not happen would be at the direction of, or incompetence of the head of the executive office. If people are put out of pay or benefits because of not raising the debt ceiling within the next 5-7 months, it will be because of Obama's direct actions or the lack of action to avoid it. The capability is there for at least the rest of this fiscal year.

      Someone isn't going to get paid. I don't see how there's any way around that, and that's on Congress. They're supposed to pay the bills.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    349. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      "the budget" != "legally required to spend [that much] money"
      "the budget" != "legally required to spend money [we don't have]"

      Every idiot with half a brain and any knowledge at all about budgets knows this. If you budget more money that you actually have, you can't just take out a loan to meet the budget; you have to spend less than you budgeted. Continually running a deficit is an unsustainable path which leads directly to bankruptcy.

    350. Re:Rewrite the Constitution or face default! by Hatta · · Score: 1

      If the Republicans caved on the tax cuts, it would be a major concession.

      If the Republicans caved on the tax cuts, it would be a major concession for the Republicans. If the Democrats caved on the tax cuts, it would be a major concession for the Democrats. The Democrats have caved. They have made major concessions. The Republicans have made none. They don't know the meaning of compromise, and neither do you.

      --
      Give me Classic Slashdot or give me death!
    351. Re:Rewrite the Constitution or face default! by DavidTC · · Score: 1

      Hey, moron. Everything Congress passes (and the president signs) is a law. Including the budget.

      The president is, in fact, legally required to spend as the amount of money allocated in the budget on things it says to spend money. Because he has a law directing him to do so. (Granted this law has no punishment for breaking it, but that's just as well as the president can't be charged with a crime while in office anyway. However, failure to spend money that way is certainly grounds for impeachment.)

      Now, Congress is failing to specify any way for him to to get that money to spend, but that does not mean he is not legally mandated to spend money on what he was ordered to spend money on.

      Hell, legally, he could probably have the US take out a payday loan from the check-cashing place down the street. In the absence of any actual directions how he's supposed to get the money he's legally required to spend, I think a plausible case could be that he's allowed to do anything that is not outright illegal to get that money, even if it's not standard policy of the US.

      If you budget more money that you actually have, you can't just take out a loan to meet the budget; you have to spend less than you budgeted.

      Also, you're an idiot who doesn't know what a 'budget' is. You can, indeed, make a budget that includes 'getting a loan' in it, you imbecile. Businesses do it all the time

      Likewise, you can go over budget, and yet not need a loan. In fact, most people go over budget, because standard practice when budgeting is to leave slack. People might make $1000 a month, budget $900, and spend $940. They are 'over budget', but not enough to be in the red.

      You have apparently confused 'budget' and 'how much money someone currently has'.

      A budget has no bearing on the amount of money you actually have. A budget is a specific list of how you intend to spend money. This normally is 'money you have', but does not need to be.

      This money you intend to spend can include loans, it can include future income, it can even include money you don't have and have no way of getting. It's a budget, not a bank account.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    352. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      That page only looks at existing income. It does not in any way consider the accounting gimmicks mentioned by the op which would increase the income to levels beyond the deficit amounts needed to pay everyone.

      Some of these gimmicks would be the fed buying back it's own securities by printing money to pay for it. It should be noted that the printing of capitol in this way would now lead to inflation if the money is removed from circulations once the repurchase is sold again. The government can also sell it's bond holdings within social security and a few other things. This issue is more about politics then anything.

      You, like most Americans, are only getting part of the story in this. And the parts you are getting is largely influenced by political maneuvering. Again, we can last the rest of the fiscal year without the debt ceiling being raised and without anyone not getting paid, as long as policy makers do not act incompetently or politically and force it to happen.

    353. Re:Rewrite the Constitution or face default! by rhalstead · · Score: 1

      Baloney. The Tea Party (No I'm not a member) is a group of people who are for small government and demand the government, like the rest of us, keep a budget (they haven't had one in two years) and stick to it without the deficit spending. Only Congress has the power to borrow money. The 14th amendment does not give Obama the power to change the debt limit but straying from the constitution has not bothered him before. Obama has raised the debt more than all other presidents combined. To quote others, "We have a spending problem, not an income problem". When he came into office he could blame Bush and rightly so, but now it's his spending problem created by him and his wars created and expanded by him including the war that isn't a war. He wants to tax the rich, but the top 5% pay well over 50% of taxes while the bottom 50% pay none so the rich are already supporting more than half the country. If they taxed that top 5% at 100% they still wouldn't have enough to cover Obama's spending. For those who take the time to look, that taxing starts at either 200 or 250 thousand dollars which would include most small businesses and they are the ones who do most of the hiring. They aren't hiring because of the mass of regulations that have been heaped on them and the uncertainty for what they can expect in the future. Student loans? They now cost twice as much since being taken over by the government and removed from private enterprise. Health care? It'll be less accessible and more expensive instead of increasing accessibility and lowering costs. BTW the lines were busy, but not with the message Obama wanted. The vast majority were for holding the line and not raising the debt limit. The Republicans (No I'm not one of them either) have come up with several plans including "Cut, Cap, and Balance" which Obama Vetoed. He complains they are doing nothing, yet it's Obama who has not come up with one single plan (Including a budget in the last two years). He even shot down Reid's plan when Reid and Boehner were close to being in agreement. He complains about the Republicans not doing anything and moves the goals when they do. If there is a shut down, it's entirely up to the Obama and the Fed as to who gets paid and who doesn't as they are the ones who do the prioritizing. In the end it is Obama's responsibility as it is he who has refused to budge on key issues, not the Republicans or Democrats although the Senate has done less than any other senate in (I believe) the last 100 years. They've reportedly voted on only 15 bills in this last session. I actually believe that Obama wants us to not only fail to agree on the debt ceiling which BTW does not cause a default, but he want's a default. He's said in the past that the US should be on equal footing with "other" third world countries" and views the US as a neo colonial empire.

    354. Re:Rewrite the Constitution or face default! by rhalstead · · Score: 1

      Again, The Tea Party (No I'm still not a member) is for following the Constitution. Except for the conservatism they are much like the Libertarians. They are demanding we/The government follow the constitution. The situations above should be credited to the Progressives and Liberals who were behind them, not the conservatives. Another point, if the debt limit is not raised we have enough money coming in every month to pay: 1. The interest on the National Debt (IOW service the debt), 2. pay the Military, 3 Pay Social Security, and other entitlements and still have money left over. What we would not have is money to pay the bloated government created by Obama and Bush. It would be time to lay off a *lot* over government employees who weren't needed in the first place. Of course as The Fed under Obama will prioritize who gets paid I'd lay odds on the money being divided between Obama's supporters in the govt. At that point we'd truly see who Obama supports and who he doesn't.

    355. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Some of these gimmicks would be the fed buying back it's own securities by printing money to pay for it. It should be noted that the printing of capitol in this way would now lead to inflation if the money is removed from circulations once the repurchase is sold again. The government can also sell it's bond holdings within social security and a few other things. This issue is more about politics then anything.

      You, like most Americans, are only getting part of the story in this. And the parts you are getting is largely influenced by political maneuvering. Again, we can last the rest of the fiscal year without the debt ceiling being raised and without anyone not getting paid, as long as policy makers do not act incompetently or politically and force it to happen.

      Ok, let's assume that those gimmicks would work. You think we should just roll the dice on how the markets and ratings agencies will react to that kind of stuff? And what do we get out of kicking things down the road a few months? How is that going to change the politics of any of this? Whether we default now, or in a few months, we're still taking a real risk with the economy, and I'm not seeing any upside to it.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    356. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      Sigh. Another misinformed, deliberately moronic Tea Partier on the loose. The Bush tax cuts disproportionately benefited the wealthy, plain and simple. This is confirmed years later. The top 1% of earners laughed all the way to the bank taking a WHOPPING 38% of the benefit from the Bush tax cuts. So no, the "bulk" of the expense is not coming from those lower brackets. Feel free to go fuck yourself.

      Soooooo.....what you're saying is that 62% is not "the bulk"? Apparently basic math is not your forte...

      Or is everyone making over 114k a year a billionaire in your world? One way or the other, I fail to see how billionaires got the bulk of the tax breaks. If you want to change your statement (which you're apparently now doing...) to state that the wealthy got the bulk of the tax cuts, that's far more accurate. But you're an ass if you're trying to categorize the entire top 20% of income earners as fat cat millionaires (instead of only the top 1%). Especially since they already pay 80% of all our taxes. By your logic, no tax cut would ever be "fair", since it's pretty much impossible to cut taxes in any substantial fashion without the top 20% benefiting the most in total dollars.

    357. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      So you're basically just going to dodge this one and not answer, right? Sure, Obama would have gone into Afghanistan too. Doubt he would have been dumb enough to go into Iraq while fighting a war in FUCKING AFGHANISTAN!

      Nope I completely concur Iraq is totally Bush's baby, and all the fallout and expense is his alone to bear. But when tallying the expense of the wars, people always "package-deal" the Iraq and Afghanistan wars together, and I believe that's a bit disingenuous.

      Then, whether we go into Afghanistan or not, why keep the war off the books? Then start another one, and not pay for that either? Then pass a big drug bill and not pay for that either? Then pass a big tax cut and not pay for that either? W T F?

      I'm totally on board with you. I don't believe in ludicrous spending by either side.

      How do Republicans possibly have the fucking nerve to point the finger at anyone after what they've done with their control of Congress over the 10 years that they had it?

      Well, I do believe their rate of spending is still far below Obama's (do you know how much federal spending he increased in his first year in office? Nearly 900 billion, and that's with an incredibly low price estimate on his healthcare bill. And also, it's not very fair to just chastise all Republicans for the actions of a bunch of Neocons. Hell, the whole Tea Party movement was born because of the actions of the previous administration. So I believe it's very fair for some Republicans to "point the finger".

      he consensus among economists was that the stimulus was necessary

      Ah yes, the staple appeal to authority. Let me counter with: https://encrypted.google.com/search?q=economist+no+housing+bubble&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

      Aside from the fact I think the opinions of "economists" (let's face it, they're all Keynesians...) are roughly equivalent to throwing darts at a dartboard, I'm also convinced a good many of them are just flat out idiots. They've been wrong about practically everything to this point, yet you somehow give them credit for stimulus being the proper course of action, even in the light of unchanged unemployment, sluggish -to-non-existant-growth, still-falling house prices, and soverign debt debacles? You sure have alot of faith in these Oracles.

      most thought it should've been bigger.

      Another staple counter to "my plan isn't working" -- believe it or not, not all problems are solved just by "throwing more money at it" and the solution to a failing program also isn't as simple as "throw more money at it". Seeing as how it's impossible for me to prove one way or another whether the current stimulus did a damn thing or if a bigger stimulus would have done a damner thing, I guess we'll have to agree to disagree.

    358. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      Couple this with that fact that there are far too many loopholes for the upper class and this resentment is not hard to understand.

      All the more reason I believe Obama is completely misguided. Raising the taxes on all families making 250k+ does not close these loopholes which are utilized only exclusively by the uberrich. That means the top 1% get off scot-free with their 15% capital gains tax rate and the "upper-middle to wealthy" working class segment is left holding the bill. And that segment just happens to be squarely where practically all small businesses fall. I've far less of an issue with plugging holes than I do indiscriminately raising taxes with a bar set way too low.

      I also fail to see how raising taxes on the upper classes would affect millions of Americans

      Well, by the numbers: http://pubdb3.census.gov/macro/032006/hhinc/new05_000.htm The top 5% is 166k+. I don't know the exact number for 250k+, but clearly it's somewhere between 1 and 5% (because we know the top 1% make like ~380k). Even at 1% of the US populace, you're looking at 3 million people. If you use a more realistic 2-3%, you're looking at 6 to 9 million people.

      As someone that makes a fair amount of money I can assure you that I can afford a couple thousand extra a year in taxes without affecting my lifestyle one bit as opposed to friends of mine where a few hundred extra a year would break them.

      My main beef come from people labelling people in this segment as "billionaires" when they have far more in common with the middle class than they do the private jet CEOs. My second beef comes from the fact that the tax as proposed will primarily impact small business, which I do believe will hurt the economy. But I agree with you in that the people could absorb a tax hike without severe lifestyle changes. It's the way the debate is framed that cheeses me off. Even Obama himself says things along the lines of "oh, they can pay a bit more for their jets". I guarantee you most (if not all) families making ~250k a year do not have their own jets. They're still paying mortgages, student loans, working a 9 to 5 job in a cube somewhere.

    359. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      I am not sure if these Tea Party Republicans know that they too and their familie's financies/401k will be affected if the country goes into default or cut too much from the budget at this current economic condition! A bunch of dumbells ...

    360. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      By what logic do you believe that retracting a demand of your own (rather than giving in to an opponent's demand...) is somehow a concession? By the same yardstick, I could put together a package of 20 extreme loony things and then say "I'll make a major concession by backing out of 19 of these things I demanded of you". You have a rather strange definition of compromise.

    361. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Well, I do believe their rate of spending is still far below Obama's (do you know how much federal spending he increased in his first year in office? Nearly 900 billion, and that's with an incredibly low price estimate on his healthcare bill. And also, it's not very fair to just chastise all Republicans for the actions of a bunch of Neocons. Hell, the whole Tea Party movement was born because of the actions of the previous administration. So I believe it's very fair for some Republicans to "point the finger".

      Yes, because it was as he was coming into office that we were realizing just how screwed our economy was, and all the stimulus and bailout spending was exactly what most economists were saying had to happen if we were going to avoid having unemployment in the teens and a full-on depression. It wasn't exactly his plan to have to deal with the worst economic meltdown since the 30s.

      You sure have alot of faith in these Oracles.

      I don't know of anyone else that knows better how to deal with the economy. It's insanely complicated and nobody is going to get it completely right. But yes, sometimes throwing money at it is exactly what is needed to prevent a downward spiral. They do seem to understand how these big economic tools like interest rate manipulation and economic stimulus work, even if they can't predict all the other factors that can affect things.

      You call them idiots, but I don't know who else you think knows anything about how to deal with the economy. All these comparisons to a family budget we see from congressmen are pretty ridiculous and just shows that they have no idea of the forces that they're dealing with.

      I still think we should be investing heavily in infrastructure projects now. Our infrastructure obviously needs it first of all. It will help with the unemployment problem, since construction jobs was a big area for losses due to the housing bubble. It's also the cheapest time to do it since rates and labor costs are about as low as they get, so we get more for our money right now. It's crazy not to be doing it.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    362. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      1. Public finances don't work like your household finances (deficits drive economic growth when it's needed and is essential in modern economies)

      Public finances work exactly like household finances. I have a home loan, a car loan, a student loan, and a bunch of credit cards. These were all used to "drive growth" in my household by providing "vehicles" through which my income can prosper. If I spent too much, the payments of and interest of my debt makes me insolvable. Nations are no different. They do have added means of pretending debt doesn't exist since debt collectors never come after a nation's assets, nor does anyone stop them from just jacking up their credit limit and printing more money. But to pretend this practice has no consequences or is somehow different from any other balanced budget is crap. It's exactly the same. The seeds are just sown in different manners (look at the austerity the Irish/Greeks are being forced to endure, or the future inflation our children will be forced to endure).

      2. Debt is the result of budgets, and should be corrected with a budget rather than by forcing the issue with a technicality.

      And in the event that you try to do this and people stick their fingers in their ears and go "lalalalalala"? Fuck, they aren't even willing to pass a balanced budget amendment -- you can be damned sure no one is going to pass a balanced budget out of the kindness of their hearts when they can so easily debt spend and dump the mess on the next administration.

      3. If you take out the cost of the wars and the money that we put into the financial sector to bail them out, the problem we have with public debt is mainly the result of tax cuts.

      Perspective. By the numbers, we've spent far more on entitlements than we've lost on tax cuts. Similarly, stimulus spending has far exceeded the cost of the wars. You can go ahead and remove any one thing and magically balance the budget, but it doesn't make that one thing automatically responsible for the debt problem.

    363. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      lol.. You are really invested in this concept that people won't get their gobernment checks aren't you.

      What we will gain is the lack of political posturing which will allow congress to compromise without losing face. But, I did not say we should fail to raise the debt ceiling nor did I say we shiould ignore the problem. I specifically said that if people go unpaid as a result of failing to do either, it would be because of incompetence or political calculation from the executive branch.

      So tell me this, if the debt ceiling is not raised, what possible gain would come from withholding social security checks, military pay, or a number of other things. It's like the schools in my area, they always want more money so they constantly put levies on the ballot. These levies fail and instead of cutting costs through staffing or whatever, they run first to end busing and do everything possible to make the parents uncomfortable. The next year, it passes. It's even happened 3 times in my adult life time when the school reported a surplus of funds at the end of the fiscal year.

      It's just a political tool at this point being used to whip people into a frenzy. It's working especially well on you.

    364. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      lol.. You are really invested in this concept that people won't get their gobernment checks aren't you.

      It's not so much a concern about some people not getting paid, although that certainly will be a concern at some point, but that you, like the Tea Party folks, are being entirely too flippant about the issue of a default. They have openly said they don't think it will be a bad thing. I don't think the markets are going to agree with them, and it could well send the economy tumbling back down again. They may want that, since they think it will hurt Obama more than them. I don't want to see it happen for anyone's political gain.

      What we will gain is the lack of political posturing which will allow congress to compromise without losing face.

      The Tea Party people have been adamant that compromise is not possible. They've signed oaths to that fact. Norquist will make sure that they are punished if they violate them. How could kicking the can down the road a few months possibly allow them to save face? I'm not seeing it.

      So tell me this, if the debt ceiling is not raised, what possible gain would come from withholding social security checks, military pay, or a number of other things. It's like the schools in my area, they always want more money so they constantly put levies on the ballot. These levies fail and instead of cutting costs through staffing or whatever, they run first to end busing and do everything possible to make the parents uncomfortable. The next year, it passes. It's even happened 3 times in my adult life time when the school reported a surplus of funds at the end of the fiscal year.

      This is not the same thing. This is money that's already been spent. Raising the debt ceiling is a necessary step, no matter what happens after that. The Republicans are just using it as leverage to get what they want, which I can understand. What I can't understand is their absolute insistence on getting exactly what they want, with no compromise possible. That's bullshit and I think more and more people on all sides are starting to see that, judging from how the polls have been going lately.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    365. Re:Rewrite the Constitution or face default! by thynk · · Score: 1

      What congress passed in April was a "FULL-YEAR CONTINUING APPROPRIATIONS ACT" http://www.gpo.gov/fdsys/pkg/PLAW-112publ10/content-detail.html which is not a full budget, and yet, your point is not invalid because it does fund spending through the end of the year.

      We may as well call it a budget for convenience, hell we can call it a purple giraffe if that's what you like. If we agree that I was wrong, and for all intents and purposes it was a budget, can you tell me when the last one was passed before that? My quick research shows that we were funded from 2007-2011 by continuing resolutions, is that correct?

      --

      Good judgment comes from experience, and a lot of that comes from bad judgment.
    366. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      but that you, like the Tea Party folks, are being entirely too flippant about the issue of a default.

      What exactly have I said that would link me to the tea party of being flippant about the down side of a default? I'm willing to bet that you cannot find anything I have wrote that confirms your anxiety to support your political biases.

      The Tea Party people have been adamant that compromise is not possible. They've signed oaths to that fact. Norquist will make sure that they are punished if they violate them. How could kicking the can down the road a few months possibly allow them to save face? I'm not seeing it.

      Try reading the Art of War. Seriously, try reading just the cliff notes version of it. Right now, everyone involved has their backs against a proverbial wall. It's do or die trying. Give them room to work, and they can find ways to achive the proper goals without tarnishing their image. This doesn't have to be a your way or their way, in fact, both ways currently proposed seems to be anything as long as it's not the others ways.

      Take the spotlight off them for a while, and they can find the third way, the way that accomplishes what is needed, even if it's spread over time with triggers or something to cause certain parts to kick in or wait until there's a more favorable economic climate to initiate them. Now neither side is breaking their promises and neither side loses.

      This is not the same thing. This is money that's already been spent. Raising the debt ceiling is a necessary step, no matter what happens after that. The Republicans are just using it as leverage to get what they want, which I can understand. What I can't understand is their absolute insistence on getting exactly what they want, with no compromise possible. That's bullshit and I think more and more people on all sides are starting to see that, judging from how the polls have been going lately.

      It is the same thing. the debt ceiling does need to be raised, but halting payments do not need to happen this fiscal year if it is not raised. You are so blinded by your political bias though, it's tough to have a competent conversation with you.

      Of course the republicans are using it for political maneuvering. So are the democrats. That's the entire problem right now. If the debt ceiling isn't raised and seniors don't get SS checks, it will be pointed out loudly that it was purposely done by democrats because X, Y, and Z could have happened to make sure they got paid. X, Y, and Z, are all within the executive branch's authority- meaning that it's either calculated political maneuvering or complete incompetence.

      Why you are willing to accept this from one side and not the other is a sign of a deeper problem though. Is it really ok for your favored side to be cut throat tools willing to screw the seniors and service people fighting in a war just to gain some political ground over your favored enemy in the political arena? IF you answer anything but no, it's not ok, you are nothing but a tool corrupted for use by these people for political gain. You are no better then the idiots you decry.

      You really need to take the blinders off and look at the deuschbaggery all sides seem to be involved with here. Stop ignoring all the wrongs on one side while lambasting the wrongs on the other side. That is if you ever expect it to stop happening altogether.

    367. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      AND, after Abe Lincoln was assasinated, the government did not devolve to the Vice-president, instead the secertary of war grabbed control and set up a military tribunal that, without benefit of attourney for defense or even the right to speak in defense or even to SEE the members of the tribunal (a three judge military tribunal) the woman who ran the boarding house where John WIlkes Booth (the assasin) resided was sentenced to death by hanging for being an accessory. No evidence was presented, only the opinions of the prosecutor were allowed to be presented before the tribunal. Her daughter and son were also sentenced but escaped execution. Mary Surratt was the first woman ever to be hanged in the US.

      Our country is replete with disgusting tales of gross power abuse, the Tea Party is just another group that sees the vacuum in the legislature and wants to exploit it

    368. Re:Rewrite the Constitution or face default! by bberens · · Score: 1

      It's true that Obama doesn't write the budget, but he alone has the power to recall every single one of our men and women back from Iraq and Afghanistan. If there's no soldiers there the legislature would change the budget real quick and in a hurry like. Obama could have vetoed the extension to the Bush tax cuts, even if it wound up being overruled by the legislature. Obama is not using his power to affect the change he claims to want. He is either a weakling or is only paying lip service to his constituents while doing what he wants or believes needs to be done.

      --
      Check out my lame java blog at www.javachopshop.com
    369. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      What exactly have I said that would link me to the tea party of being flippant about the down side of a default? I'm willing to bet that you cannot find anything I have wrote that confirms your anxiety to support your political biases.

      The fact that you think we can just use some accounting gimmicks to prolong the period before default without suffering consequences is what makes me believe you're in favor of gambling with the economy. I'm not saying that you're a TP supporter, but just that you seem to share this lack of concern about the consequences of letting this drag out even longer.

      Try reading the Art of War. Seriously, try reading just the cliff notes version of it. Right now, everyone involved has their backs against a proverbial wall. It's do or die trying. Give them room to work, and they can find ways to achive the proper goals without tarnishing their image. This doesn't have to be a your way or their way, in fact, both ways currently proposed seems to be anything as long as it's not the others ways.

      I read it back when I was in school actually. I see what you're getting at, but I can't see how you figure they'll work their way through it. The TP congresspeople have intentionally put their backs to a cliff here. They've left themselves no options for negotiating anything that involves any net revenue increase. That's an extreme position, especially considering that tax rates are at historically low levels. The non-TP Republicans seem to be open to negotiating on the issue, and it even seemed like Boehner and Obama had been able to come to a deal, but Boehner couldn't get the TP people on board. Hell, he can't even get them on board with his own plan right now, let alone anything that seems like a workable compromise of any kind.

      Take the spotlight off them for a while, and they can find the third way, the way that accomplishes what is needed, even if it's spread over time with triggers or something to cause certain parts to kick in or wait until there's a more favorable economic climate to initiate them. Now neither side is breaking their promises and neither side loses.

      I've listened to Norquist about this as well. He's holding their feet to the fire. If they compromise in any way that results in a net revenue increase, he'll call them out and there will be a flood of money opposing them in the next election. They've got nowhere else to go. The Dems are already compromising significantly by including a lot of cuts that their base hates, including SS and Medicare cuts, on the table, as well as some real limits on revenue increases. I don't even know what they've gotten in the way of concessions from the Republicans for those things. Ultimately, I don't think it's doable to come out of this with no net revenue increase and have essentially only cuts. That's the only thing the TP will accept though.

      It is the same thing. the debt ceiling does need to be raised, but halting payments do not need to happen this fiscal year if it is not raised. You are so blinded by your political bias though, it's tough to have a competent conversation with you.

      We can accuse each other of bias all day long, but it accomplishes nothing. I'm at least willing to discuss the merits of our various options, which is more than Congress seems able to do right now. I'm certainly not in love with the Dems either. That's why I've always been an independent. I have to actually weigh the candidates based on their positions and the strength of those positions, since I don't agree with either side on all subjects, and even when they are saying the right things, it's still hard to know how they'll really act if elected. Obama is a perfect example. He's failed to deliver on a lot of things that he campaigned on, and essentially reversed positions on some things. I'm especially disappointed with the lack of progress in the transparency, ethics and lobbying areas, as well

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    370. Re:Rewrite the Constitution or face default! by budgenator · · Score: 1

      Per capita money income in past 12 months (2009 dollars) 2005-2009 $27,041;
      Median household income, 2009 $50,221;
      Population, 2010 308,745,538
      07/27/2011 Debt Held by the Public $9,747,742,929,867.95 + Intragovernmental Holdings $4,595,076,219,736.81 = Total Public Debt Outstanding $14,342,819,149,604.76

      debt $14,342,819,149,604.76 / Population, 2010 308,745,538 = $46,455.15 per capita debt;
      so my statement was overly strong, but not outrageously so.
      Of course with,
      Number of Returns with Positive AGI 139,960,580, the 50th percentile break point is $33,048 means that at least half of the wage earners owe 1.4 times their annual salary, someone at minimum wage ($7.25 * 2000 = $14,500, 46455.15/ 14,500 = 3.2) owes 3.2 times their annual salary, while still paying 15% Medicare taxes and 15% social security! With the top 1% of taxpayers already paying 38% of all the income taxes where is all of this money supposed to come from? $67,280 is the 25th percentile point, That's middle-class in most places.

      --
      Apocalypse Cancelled, Sorry, No Ticket Refunds
    371. Re:Rewrite the Constitution or face default! by Magius_AR · · Score: 1

      I don't know of anyone else that knows better how to deal with the economy.

      The free market is very qualified. It responds far quicker to market dynamics than people. Artificial constraints that resist market flow tend to do nothing more than build up pressure and make the eventual release that much worse (such as the US's crazy low borrowing rate fueling the housing bubble, or China's previous currency peg fueling it's current wild inflation). I think the problem is that people insist on soft landings when the hard landing typically ends up being far less painful in the long term. For instance, had the housing market & banks been allowed to plummet the way the free market dictated they _should_ have, the short-term in housing and borrowing would have been far worse, but two things would have corrected far quicker: housing values & employment/growth. When you let things drag along long enough to form a trend, a sentiment follows (such as the current view all companies have that future growth will be sluggish, which then becomes a self-fulfilling prophecy). And that sentiment is very difficult to break. And on top of that, there's the added expense of "government action to slow things down" working against you (like all those trillions we spent on "stimulus").

    372. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      The fact that you think we can just use some accounting gimmicks to prolong the period before default without suffering consequences is what makes me believe you're in favor of gambling with the economy. I'm not saying that you're a TP supporter, but just that you seem to share this lack of concern about the consequences of letting this drag out even longer.

      It is completely true that we can pay our obligations throughout the existing fiscal year if the debt ceiling is not raised. That does not mean there won't be any consequences nor did I ever imply there would not be. I said the ggp was right in stating we couple pay our bills but added that it would be for a limited time.

      I read it back when I was in school actually. I see what you're getting at, but I can't see how you figure they'll work their way through it. The TP congresspeople have intentionally put their backs to a cliff here. They've left themselves no options for negotiating anything that involves any net revenue increase. That's an extreme position, especially considering that tax rates are at historically low levels. The non-TP Republicans seem to be open to negotiating on the issue, and it even seemed like Boehner and Obama had been able to come to a deal, but Boehner couldn't get the TP people on board. Hell, he can't even get them on board with his own plan right now, let alone anything that seems like a workable compromise of any kind.

      Forget about anything happening right now. That will all be forgotten about in the future when there is room to breath and negotiate. BTW, you can raise tax revenue without raising taxes.And if you listen to most of the tea party republicans, their opposition to raising taxes right now seems to be the adverse effects it will have on the economy. This does not mean they will not be open to tax increases in the future when the economy is more robust and people are back to work.

      I've listened to Norquist about this as well. He's holding their feet to the fire. If they compromise in any way that results in a net revenue increase, he'll call them out and there will be a flood of money opposing them in the next election. They've got nowhere else to go. The Dems are already compromising significantly by including a lot of cuts that their base hates, including SS and Medicare cuts, on the table, as well as some real limits on revenue increases. I don't even know what they've gotten in the way of concessions from the Republicans for those things. Ultimately, I don't think it's doable to come out of this with no net revenue increase and have essentially only cuts. That's the only thing the TP will accept though.

      Please cite this reference. If the economy simply recovers there will be a net revenue increase. Perhaps you are confusing revenue with taxes? Or perhaps you are just confused from listening to and reading liberal blogs.

      We can accuse each other of bias all day long, but it accomplishes nothing. I'm at least willing to discuss the merits of our various options, which is more than Congress seems able to do right now. I'm certainly not in love with the Dems either. That's why I've always been an independent. I have to actually weigh the candidates based on their positions and the strength of those positions, since I don't agree with either side on all subjects, and even when they are saying the right things, it's still hard to know how they'll really act if elected. Obama is a perfect example. He's failed to deliver on a lot of things that he campaigned on, and essentially reversed positions on some things. I'm especially disappointed with the lack of progress in the transparency, ethics and lobbying areas, as well as the continuation of programs such as the warrant-less wiretapping of Americans that seem utterly unconstitutional, if anyone were actually allowed to bring suit against the government for it.

      As for the deb

    373. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      For instance, had the housing market & banks been allowed to plummet the way the free market dictated they _should_ have, the short-term in housing and borrowing would have been far worse, but two things would have corrected far quicker: housing values & employment/growth.

      And you base this claim on what, exactly? I've seen all sorts of speculation about this from all kinds of people. At least economists can usually point to historical precedent to back up their claims. It's rarely a perfect comparison, but it's something. The rest are generally basing it on some fantasy scenario of the free market correcting for everything and everything coming up roses for most people and the economy in general. This is purely theoretical conjecture on their parts, given that there are no true free markets to point to as examples. They also fail to state their assumptions or account for all the things that would have to happen to convert our current economy into anything resembling a true free market. Free markets have failure modes too, which they also seem to discount.

      When you let things drag along long enough to form a trend, a sentiment follows (such as the current view all companies have that future growth will be sluggish, which then becomes a self-fulfilling prophecy). And that sentiment is very difficult to break.

      No, we have a catch-22 problem here. Companies are sitting on piles of cash, but are afraid to hire because demand is sluggish right now. Consumers are actually saving more right now and are afraid to buy because the job market is so lousy. While the savings is a good thing in the long run, it's making the short-term issues worse and will slow the recovery over-all. This is why temporary government stimulus is recommended to break the logjam. If we were to spend on infrastructure projects in particular, we would be helping things significantly. We need the infrastructure work anyway, and it would put a ton of construction workers back to work since the housing bubble has left them with few prospects. It is also the best time to invest in infrastructure since rates are low and labor is cheaper than normal too. We get more work done for our money now that we will later, and helping the job market should help to increase confidence all around. We get a better self-fulfilling prophecy that way.

      Ok, now we can return to the real world where an absolutely free market doesn't exist, and never will. Plans to institute drastic austerity measures like the Tea Party wants are going to seriously hurt the economic recovery and ensure that we have a lot more people hurting a lot worse for a lot longer. That doesn't need to happen since we have plenty of ways to cut the deficit without doing that. We aren't Portugal or Ireland or Greece, and we don't have the same problems they have. We can both boost the economy in the short term, and take longer-term actions to seriously reduce the deficit. Ending both wars, rolling back some tax cuts and loopholes, and cutting expenses from all sides, including SS, Medicare and defense.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    374. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Please cite this reference. If the economy simply recovers there will be a net revenue increase. Perhaps you are confusing revenue with taxes? Or perhaps you are just confused from listening to and reading liberal blogs.

      I was referring to a net tax rate increase. Should have reread that before submitting, got my words mixed up since I've seen both used in describing the position. As for the reference, it was from an interview with him on the radio several weeks ago. The interviewer asked him several questions about his position on this, and he boiled it down to no net increase in tax rates. So he was ok with closing some loopholes, but only if overall rates were lowered by at least the same amount. So, that doesn't seem to help much in reducing the deficit.

      After a little searching, I see that he has since clarified more about this in the past week or so, which may give them more room. Haven't seen any real reaction from TP folks though.

      Well, higher rates will be one of the disadvantages. It will not be a lot higher though, about a quarter percent from what I can tell. Cuts are a necessary step so I discount that happening when someone thinks it is a bad thing.

      That estimate is based on what? Everyone has already accepted that we need cuts. All the plans so far, from both sides, include cuts. The difficulty is that the Republicans won't agree to ending any tax breaks or closing loopholes along with those cuts. Boehner simply can't get the TP group to agree to any such thing.

      As for biases, You have displayed an alarmingly large amount of it here. It doesn't make sense toi have a conversation when anything you do not like gets ignored in favor of foaming at the mouth rants against the tea party.

      And you seem to have the same sort of bias against dems. I don't see how anything I've said is a "foaming at the mouth rant against the tea party". I think what they're doing is counter-productive and that they are potentially going to cause more problems than they solve. There's nothing irrational about it. If you're going to define disagreement with their position as that kind of irrational bias, then yeah, there's really no point in discussing it further.

      It can only be a barganing chip if the dems block it.

      What are you talking about? It's a completely independent vote unless it's made into a bargaining chip by tying it to other issues like deficit reduction, which is what the Republicans did. They could have just passed it and then run on their deficit reduction plans in the election next year. That's not what they they chose.

      Most of the republicans ran on cutting spending so it's obvious that something that allows spending to increase would be a core issue with them. And yes, as the biggest threat here is existing obligations, the bigger problem is the limits to which the debt ceiling needs to be raised to will allow us to go into another 2 trillion more in debt. So it's obvious, to me at least, someone would throw a fit of rage when we are increasing the debt ceiling more then enough to meet our existing obligations (by over 2 trillion) when they campaigned on getting that under control.

      I understand why they're doing it, but that's exactly what I'm talking about when I say they're using it as a bargaining chip. They never balked when Bush raised it pretty much every year. But they wait until we have financial collapse and a difficult recovery to try to implement measures that will surely lead to slower recovery, just in time for the next presidential election. Entirely too convenient.

      I'm not so sure that is real. Obama claimed to veto anything that didn't raise taxes and democrats claimed they would reject anything that tuches two of the largest spending problems in government right now.

      It is real. Obama has already put SS and Medicare cuts on the table, weeks ago even. They have been open to various types of compromises. Just not one where its all cuts no taxes, which has so far been the Republican position in the House.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    375. Re:Rewrite the Constitution or face default! by sumdumass · · Score: 1

      I was referring to a net tax rate increase. Should have reread that before submitting, got my words mixed up since I've seen both used in describing the position. As for the reference, it was from an interview with him on the radio several weeks ago. The interviewer asked him several questions about his position on this, and he boiled it down to no net increase in tax rates. So he was ok with closing some loopholes, but only if overall rates were lowered by at least the same amount. So, that doesn't seem to help much in reducing the deficit.

      After a little searching, I see that he has since clarified more about this in the past week or so, which may give them more room. Haven't seen any real reaction from TP folks though.

      Ok, as long as we are on the same page and understand what we mean. As for him restating that he would allow more room for tax increases, I seriously think the largest opposition to it right at the moment is the damaged economy would be even more damaged. Even the "I've Gotta Cut taxes" republicans of yesteryear was in favor of raising them to pay down the debt. If you remember right, the argument for tax cuts because of the so called surplus centered around the concept that if Washington kept it, they would spend it.

      So I'm not so sure that anyone would appose moderate tax increases that specifically went to paying off the national debt assuming that no more debt was being incurred. But that's the biggest problem right now, Washington seems to have a need, either by law or inherent design, to spend every last dime it can and it doesn't really matter which political party is in charge when the opportunity comes around.

      That estimate is based on what? Everyone has already accepted that we need cuts. All the plans so far, from both sides, include cuts. The difficulty is that the Republicans won't agree to ending any tax breaks or closing loopholes along with those cuts. Boehner simply can't get the TP group to agree to any such thing.

      The quarter percent figure comes from media outlets like Charlie Rose, McLaughlin group, and others. I do not have cable (I gave it up willingly about 7 years ago) so I rely in PBS, CBS, Fox broadcast, and the internet for news and information.

      As for the republicans not willing to increase taxes, they are right in not doing that. It will damage the already damaged economy. It will by necessity cause more people to rely on government services when they cannot find or keep jobs. The economy is way to fragile right now to impose new taxes on. Closing loopholes that are in effect targeted tax cuts put into the system at one point and time for a specific reason, will cause companies to move to other counties to do business. We need to wait until the economy is robust, then start with the tax increases. Like I said before, it doesn't have to all happen right now.

      And you seem to have the same sort of bias against dems. I don't see how anything I've said is a "foaming at the mouth rant against the tea party". I think what they're doing is counter-productive and that they are potentially going to cause more problems than they solve. There's nothing irrational about it. If you're going to define disagreement with their position as that kind of irrational bias, then yeah, there's really no point in discussing it further.

      I have a bias against them all. And yes, the majority of what you have posted has been a rant against the Tea Party members of congress. The fact that you don't see it is probably confirmation of the bias.

      As far as you disliking what they are doing, that's fine and all, but I never spoke about what they were doing until you started ranting about them and brought it up. Remember, I started this off by stating that no one needs to go unpaid if the debt ceiling isn't raised this fiscal year unless the executive branch is completely incompetent or maliciously allowing it to happen for poli

    376. Re:Rewrite the Constitution or face default! by elucido · · Score: 1

      I guess you are missing the point of what I was saying.

      It's the timing. Do part of it now, then raise taxes once the economy recovers. IT doesn't need to happen right this second. It's obvious that both needs to happen eventually, and it's obvious that cuts alone will not fix the problem. It's also obvious that raising taxes right now is irresponsible and recklessly endangering the economy.

      So the solution, cut some government now, cap some spending now, wait until the economy recovers, cut some more spending (hopefully the war funding will be gone), cut some more government, revisits changing the taxes, and if the economy is robust enough to handle it, raise taxes.

      You are one of the naive optimists who think the jobs are coming back? The economy is never going to recover. Deal with it and raise taxes now.

    377. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      It is more believable than most people want to deal with.

    378. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      Ok, you've cited some statistics that support your first point, but nothing for the rest. I'll give you number 3, but that's also not what anyone is talking about, so it's moot anyway.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    379. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

      This is extortion. This is anti-American. Rep Mike Lee Admits Extortion.

      In specific Tea Party Republicans are threatening to put the nation into default, holding the entire US economy and millions of lives hostage to pass their amendment to the Constitution. They want the nation to default because it will boost recruitment into their militias. They want a civil war and are apparently beyond compromise. They cannot be reasoned with apparently.

      Who are these people? Before they called themselves the Tea Party they called themselves the John Birch Society. and before they were called the John Birch society they called themselves the American Liberty League.

      This is the same American Liberty League that was behind the Business Plot.

      The Business Plot was the attempt to overthrow the US government and in specific overthrow FDR and install a fascist dictatorship. The history of that can be seen by watching this video.

      Read about Smedley Darlington Butler and how he single handedly saved the nation from a coup. Now that we have a black President the forces looking to have a coup have grown stronger than ever. And these groups hate the feds and the government because these are the ones investigating them. The solution? Tax cuts, smaller government, which means less FBI investigations into them.

      And btw I expect "them" to rate my post down into oblivion. Expect to see it rated as flamebait, overrated or something else.

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    380. Re:Rewrite the Constitution or face default! by Anonymous Coward · · Score: 0

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    381. Re:Rewrite the Constitution or face default! by Danse · · Score: 1

      If you remember right, the argument for tax cuts because of the so called surplus centered around the concept that if Washington kept it, they would spend it.

      Which is a large part of why we're in this situation now. If they could vote to cut taxes that deeply, then they could have voted to spend it to reduce the debt too, but they didn't. It was irresponsible pandering if they're really concerned about the debt. And after that, what happened? Did the tax cuts magically supercharge the economy, reducing the deficit and getting us on our way out of debt? No, of course they didn't.

      So I'm not so sure that anyone would appose moderate tax increases that specifically went to paying off the national debt assuming that no more debt was being incurred. But that's the biggest problem right now, Washington seems to have a need, either by law or inherent design, to spend every last dime it can and it doesn't really matter which political party is in charge when the opportunity comes around.

      Saying it has to be one way or the other makes no sense. If you can get the votes to cut taxes or spending, you should be able to get the votes to force the money to be used to pay down the debt.

      The quarter percent figure comes from media outlets like Charlie Rose, McLaughlin group, and others. I do not have cable (I gave it up willingly about 7 years ago) so I rely in PBS, CBS, Fox broadcast, and the internet for news and information.

      Ok, I can accept that. I checked around too and I'm seeing similar estimates.

      As for the republicans not willing to increase taxes, they are right in not doing that. It will damage the already damaged economy. It will by necessity cause more people to rely on government services when they cannot find or keep jobs. The economy is way to fragile right now to impose new taxes on. Closing loopholes that are in effect targeted tax cuts put into the system at one point and time for a specific reason, will cause companies to move to other counties to do business. We need to wait until the economy is robust, then start with the tax increases. Like I said before, it doesn't have to all happen right now.

      I really don't buy the claim that any closing of loopholes or raising of taxes will damage the economy at this point. Companies are already just sitting on their cash and not hiring, and they aren't going to hire as long as demand is low. And demand will be low as long as people can't find jobs. It's a vicious cycle that is usually broken by government spending in the short term to provide jobs to stimulate demand, which allows for more hiring. Then the stimulus can be backed down. Cutting government spending at this point will harm the economy. We've seen that happen before. We should be spending on infrastructure right now while it will get us the most value and benefit for the economy.

      lol.. Maybe I should slow down a bit. It takes more then one side to argue. In other words, it's only a bargaining chip is someone apposes something that is placed with it. So far the opposition is over a balanced budget amendment to the US constitution and cuts in spending. The dems fired back with raising taxes knowing it would be apposed by the republicans. They joined the argument from an argumentative standpoint. Neither side is innocent here. They both share the blame in taking a single item and loading it with political wishes.

      Of course they're both going to play politics with it. I'm just saying that it didn't need to be turned into a crisis like this. The TP saw this as an opportunity and created the crisis to get what they wanted. We could have raised the debt ceiling as a separate issue, like it almost always is, and averted the default risk. Then we get on with the debate about how best to eliminate the deficit. If they can't come to an agreement, then the voters will help them out come November next year.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
  2. This is Democracy in action by Anonymous Coward · · Score: 0

    This is Democracy in action

    1. Re:This is Democracy in action by melikamp · · Score: 4, Funny

      This is Democracy inaction

      There, fixed it for you.

    2. Re:This is Democracy in action by EraserMouseMan · · Score: 0

      This "Inaction" must be referring to 0bama declaring a dozen times now that he'll veto every bill that's been conceptualized so far on the debt ceiling. 0bama says "veto" almost before the speakers of either house of congress barely open their mouth to share a new idea. Yesterday he declared "veto" on a plan brought to him by both the House and the Senate. If this deal doesn't happen in time it will be only 0bama's fault.

    3. Re:This is Democracy in action by gatkinso · · Score: 1

      It beats the hell out of fighting in the streets.

      --
      I am very small, utmostly microscopic.
    4. Re:This is Democracy in action by Anonymous Coward · · Score: 0

      Actually, I think it's because B0hner keeps pushing plans that gut social services.

      Give us what we want and only what we want and we won't wreck the economy is not a negotiation, it's extortion.

      If you want to wind down social services, do it properly.

    5. Re:This is Democracy in action by PortHaven · · Score: 1

      Sadly, that is probably in the future if we don't start getting rid of our debt. :-(

    6. Re:This is Democracy in action by Anonymous Coward · · Score: 0

      I was going to read your comment, but then you spelled Obama with a zero in the name, and pegged yourself as just another clueless Pee Tardier with delusions of humanity.

    7. Re:This is Democracy in action by gsslay · · Score: 1

      You may, or may not, have a point. But the fact that you also think deliberately spelling someone's name incorrectly is a neat way to express your disapproval immediately invalidates all you have to say. It's rhetoric that'd be fitting coming from an 8 year old.

      Ergo; your opinion has no value.

    8. Re:This is Democracy in action by D'Sphitz · · Score: 1

      Hey, he could have emphasized Barack HUSSEIN 0sama, you know to remind us all that he's a fanatical muslim infiltrator who likes dijon mustard.

  3. Will it make a difference? by Nimey · · Score: 4, Insightful

    It seems like the more extreme Republicans that are running things in the House don't have a political philosophy so much as they have a religion. It's hard to convince a zealot of anything.

    Pay attention, kids: we're experiencing history! This is another stage in the long decline of the United States.

    --
    Hail Eris, full of mischief...

    E pluribus sanguinem
    1. Re:Will it make a difference? by elucido · · Score: 0

      It seems like the more extreme Republicans that are running things in the House don't have a political philosophy so much as they have a religion. It's hard to convince a zealot of anything.

      Pay attention, kids: we're experiencing history! This is another stage in the long decline of the United States.

      They don't have a religion either. They have a plan to overthrow the US government and Obama. They don't even recognize Obama as a US citizen. They listen to Alex Jones and think the UN is run by the jewish mafia elite. They also are the ones who hate multi-culturalism in Europe.

      They don't want to pay taxes because they know the government are the ones who will be arresting them for their corruption and that if they stop paying taxes the government will shrink and become ineffective. Is it a surprise that Murdoch or someone like that would want lower taxes?

    2. Re:Will it make a difference? by XxtraLarGe · · Score: 4, Insightful

      This is another stage in the long decline of the United States.

      If we keep spending at the rate we are, it'll be a much faster decline.

      --
      Taking guns away from the 99% gives the 1% 100% of the power.
    3. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      And the more extreme Democrats don't? Please. After all, we can't know what's in it until we pass it as law. That doesn't sound like heavy handed dogma to you?

    4. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Bingo.

    5. Re:Will it make a difference? by Nimey · · Score: 5, Insightful

      Oh, please. The Dems, as usual, are bending over backwards to negotiate.

      The now-standard Republican "negotiating" tactic is to throw a tantrum until they get everything they want. Compromise is when the Dems agree with the Republicans.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    6. Re:Will it make a difference? by Opportunist · · Score: 2

      It's more a surprise that a lot of people who will actually lose out with lower taxes are crying for it. In a nutshell, the less you earn, the higher the tax rate you want. At least if you're smart.

      Sadly, earning little and being smart are not exactly directly proportional, most of the time.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    7. Re:Will it make a difference? by Nimey · · Score: 5, Insightful

      Yes. On the other hand, people seem to want things like Social Security and Medicare, so a rational decision would be to raise taxes to pay for those things people want, and to reduce spending on things people don't want, such as unfunded wars to build friendly nations.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    8. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Epic lulz. Reaches for popcorn.

    9. Re:Will it make a difference? by maxume · · Score: 1

      Wow.

      --
      Nerd rage is the funniest rage.
    10. Re:Will it make a difference? by dpilot · · Score: 4, Insightful

      If the spending problems were a general problem, and generally flagged, I'd have less problem. But it's not. The Republicans tend to show up as deficit hawks during every Democratic administration, but during Republican administrations such things go completely silent. Vice President Dick Cheney is on record as saying something to the tune that the deficit is irrelevant. During the GWB years the deficit spiked, due to tax cuts, 2 wars run "off the books", and the unfunded Medicare prescription drug coverage program.

      For the moment, I'm not commenting about deficit budgeting itself, or about any of the things done during the Bush/Cheney years. I'm simply commenting about the change-of-tune. This pattern of deficit-hawk behavior goes back before those 2 administrations, as well.

      --
      The living have better things to do than to continue hating the dead.
    11. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      ...to reduce spending on things people don't want, such as unfunded wars to build friendly nations.

      I think you meant "unfounded" wars because the wars the US are waging certainly aren't lacking funds... ;)

    12. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Fiscal sanity is now a religion? Boehner already agreed to raise taxes by $800 Billion. The President's response? Demand 1.2 Trillion. And then bash Republicans on national TV. Spending is up from historical averages by 7% of GDP. Tax revenue is down from historical averages by 1% of GDP. Low taxes are not the problem. The problem is spending. Taxes are a distraction. S&P has been saying for the past week that without significant cuts, there will be a ratings downgrade even if the ceiling is raised. Meanwhile, the President takes to the airwaves three times a week to bash Republicans. That's not leadership. I'm still waiting for the President's plan. A leader would have proposed one months ago. The top 1% of income earners in the US pay a higher percentage of total tax revenue than the top 1% of earners in Europe. How much more should they pay? If we raise their taxes now, will liberals just want to raise their taxes again in two years? Obama already agreed to the Bush tax structure less than a year ago. How can he expect to negotiate in good faith with Republicans while simultaneously back tracking on the last deal he made with them?

      Boehner's biggest mistake was trying to negotiate with Obama in the first place. Obama is not interesting in negotiating. This is the guy who invited Paul Ryan to sit in the front row when he made his debt speech, and then called Ryan's plan "unAmerican." You can't negotiate with Obama. If you cave on anything, he will demand more, and then he will bash you on national TV for not caving again.

    13. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      If the patient is having a heart attack, you do not treat the leg infection first.

    14. Re:Will it make a difference? by hypergreatthing · · Score: 5, Insightful

      People seem to want social security because they've paid into it their entire lives without having an alternative of opting out. It was supposed to be self sustainable.
      Look at the taxes over the past 50 years. Back in 1981 the top 5% of wealthy americans paid a 70% tax rate. How come now in 2011 they pay less taxes than people making 1/10th their yearly earnings? Something is wrong with that. Look at all the tax breaks for the wealthy, lets start there. Then lets look at our out of control spending.

    15. Re:Will it make a difference? by gorfie · · Score: 1

      the less you earn, the higher the tax rate you want

      This isn't snarky / sarcasm - I am not familiar with this concept. Can you explain how a person might benefit from paying 30% taxes instead of 25%?

    16. Re:Will it make a difference? by dkleinsc · · Score: 5, Insightful

      If we keep spending at the rate we are, it'll be a much faster decline.

      Only if we don't tax enough to cover the cost of the spending. Plenty of countries have governments that spend far more than the US, but they make up for it by taxing more. And I'm not talking about Third World countries, I'm talking about places like Canada, Germany, and the UK.

      Another thing that I've noticed regularly in discussions of federal government budgets is that it's much easier to rail against "spending" than it is to pick out what would actually be cut. So what spending would you get rid of? Social Security and Medicare (which you probably have a family member collecting on right now)? The military? Food stamps? Unemployment insurance? Section 8 housing? Public schools for your kids? Environmental protection that keeps nearby businesses from making your home unlivable? OSHA or MSHA, which reduce dramatically your chance of death or injury on the job? Highways?

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    17. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      It seems like the more extreme Republicans that are running things in the House don't have a political philosophy so much as they have a religion. It's hard to convince a zealot of anything.

      Pay attention, kids: we're experiencing history! This is another stage in the long decline of the United States.

      It seems like the more extreme Democrats that are running things in the Senate don't have a political philosophy so much as they have a religion. It's hard to convince a zealot of anything.

      and so forth...

    18. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Well, if it was, then maybe the Republican administration and the Republican-led Congress in 2002 would _not_ have reversed the trend of paying down the deficit. (To fund a bogus war against a country that had absolutely nothing to do with the 9/11 terrorist attack on the false premise of the existence of WoMDs.)

    19. Re:Will it make a difference? by Nimey · · Score: 5, Insightful

      It /was/ more-or-less self-sustaining, it's just that the Feds stole money from the trust fund to pay for other things. Because that was easier than raising taxes directly.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    20. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      If we keep spending at the rate we are, it'll be a much faster decline.

      Oh, the Obama-bots dont care.

      This is just an issue for them to take a side on and rant about the "evil" GOP.

      As far as they are concerned, money grows on trees and comes out of ATMs.

      They are so partisan that they are actually cheerleading for the US debt to GO UP because that's the side Obama (their lord and supreme god) is on.

      Have you seen any of them make a great case for the US to keep on borrowing and going under? Nope! In fact, if you just ask people separate of Obama being tied to a position, they will tell you more often than not NOT to raise the debt ceiling and to CUT SPENDING.

      It's what people in the real world have to do, but to have government do the same? Not good, because Obama said so, and thinking by supposed "geeks" goes out the window.

      Instead you just see them ranting off about the GOP and Murdock or whomever the hell they can quick think up.

    21. Re:Will it make a difference? by Nimey · · Score: 1

      An extra 5% of not much isn't much, but there's a lot of people paying their not much, and that's enough to keep social programs solvent.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    22. Re:Will it make a difference? by EraserMouseMan · · Score: 2

      And increasing the debt ceiling only gives the addict a little more dope. It doesn't prevent the inevitable reckoning that we are on the verge of. The government has maxed out every credit card they have. The Federal government is broke and they want another credit card.

    23. Re:Will it make a difference? by maxume · · Score: 1

      If you take the current system of progressive taxation as a given, it doesn't require much explanation.

      --
      Nerd rage is the funniest rage.
    24. Re:Will it make a difference? by Nimey · · Score: 1

      Oh, horseshit. Obama's a moderate Republican from back when such things existed.

      I'd ask if you've noticed that he tries to govern from the center (or near-right, given how far over the GOP is just to spite him), but somehow I doubt you'd try.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    25. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Maybe you'd care to donate 70% of your income to the cause?

    26. Re:Will it make a difference? by GameboyRMH · · Score: 1

      At least they realize that their religion is stupid:

      http://www.foxnews.com/on-air/special-report/transcript/health-care-overhaul-balance#ixzz1ANgRPaqG (about 3/4 way down)

      They know they have to cave, they're just grandstanding.

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    27. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      the less you earn, the higher the tax rate you want

      This isn't snarky / sarcasm - I am not familiar with this concept. Can you explain how a person might benefit from paying 30% taxes instead of 25%?

      Because you will not be paying 30% if you income doesn't meet certain treshold. It is called progressive tax rate - the more money you make the higher tax rate you pay. People with low incomes are taxed at a lower rate or don't pay taxes at all. This is approximtely how the US tax system is sopposed to work, if it wasn't for the bunch of loopholes (like the low tax rate on dividents and investment income) that skew it in the wrong direction.

    28. Re:Will it make a difference? by gorfie · · Score: 0

      I'd be all for the government taxing the top 5% in that manner. The problem is that I don't trust any of our current politicians to enact such taxes. Republicans are obvious - not so much liars as they are pathetic in their justification for tax breaks for the wealthy. Democrats appear to be more subtle in that they advertise it one way (i.e. increase taxes for people making more than $250,000 per year) yet implement it in another way (i.e. people making millions can afford to exploit loop holes, people making $100,000 per year have an increase because they own a small business or have assets exceeding a certain amount or something like that).

      Just consider Reid's debt plan. On the surface, it appears to be a legitimate compromise. Yet in the details, it is obviously a clever ploy to give the appearance of making cuts without actually making cuts (i.e. the cuts were already assumed to be made).

      I would just like to see someone step up and announce a clear and concise plan that is truly a compromise. Raise taxes on the top 5% of individual incomes. Publicly ensure that the other 95% will not be impacted. Fix the entitlement programs to prevent/discourage abuse (and simultaneously cut costs). Stop throwing money at unnecessary wars.

    29. Re:Will it make a difference? by Pieroxy · · Score: 1

      This is another stage in the long decline of the United States.

      If they let the US default, let me tell you that the decline will be a heck of a lot faster. Instantaneous actually. Even the US will never be able to recover from a default in less than a hundred years. Pooof, noone to help you there folks.

    30. Re:Will it make a difference? by darkstar949 · · Score: 2

      If you are going to pay me $10,000,000 a year gross? Sure, I'll pay taxes up to a 70% bracket on that. Even with a top bracket of 70% you would still likely be clearing around $3,000,000 a year. Most people would consider that enough to retire on assuming they are paying the current 15% on long term capital gains.

    31. Re:Will it make a difference? by Nimey · · Score: 0

      Herp-a-derp. One person making an average income doing that will amount to throwing money down a black hole. I'm sure you're aware of that, and said that to try to score political points.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    32. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Can you explain how a person might benefit from paying 30% taxes instead of 25%?

      Redistribution of wealth. You're forgetting that the poor get money back from the government.

      If the government takes 30% from everyone, that's a lot more money than if they only take 25%. It goes without saying that they want the extra money to go back to the poor, in the form of social programs. So the poor benefit from higher taxes.

    33. Re:Will it make a difference? by vlm · · Score: 5, Insightful

      And increasing the debt ceiling only gives the addict a little more dope. It doesn't prevent the inevitable reckoning that we are on the verge of. The government has maxed out every credit card they have. The Federal government is broke and they want another credit card.

      The only point of this D vs R debate is who is going to get the blame. It has nothing to do with changing the inevitable outcome. Thats what I find profoundly uninteresting about the whole topic... not really interested in who gets the blame, and its way too long until the next elections for it to have any effect. So, its all basically a bunch of noise.

      The titanic is headed full speed ahead into the iceberg. One side wants to increase speed to flank, so the coal men earn a little more money. The other side want to decrease speed to 3/4 to save coal, and to embarass the helmsman. Everyone is eventually gonna drown anyway.

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    34. Re:Will it make a difference? by gatkinso · · Score: 1

      Clearly you are not versed in your U.S. history.

      This is nothing new.

      --
      I am very small, utmostly microscopic.
    35. Re:Will it make a difference? by skegg · · Score: 1

      See a previous post of mine.

    36. Re:Will it make a difference? by trum4n · · Score: 1

      You're right. The Republicans would cut off the leg.

    37. Re:Will it make a difference? by trum4n · · Score: 1

      Not to bother you, but there is a kid on your lawn. Grab your sweater and specs and go yell from the porch.

    38. Re:Will it make a difference? by Nimey · · Score: 1

      A more pertinent part of history might be the Weimar Republic. One hopes that Congress doesn't remain so useless that enough people decide it's time for One Leader to unfuck us, because that'll fuck us harder.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    39. Re:Will it make a difference? by trum4n · · Score: 1

      Exactly what i'm seeing.

    40. Re:Will it make a difference? by Attila+Dimedici · · Score: 0

      Sorry, the problem is that since Obama took office federal spending has increased to approximately 25% of GDP. Historically, federal spending has been between 16-20% of GDP. Of course even 20% of GDP is unsustainable because historically federal tax revenues have been around 18-19% of GDP (with little fluxuation as tax rates go up and down).
      The rational thing at this point is to reduce spending, which is what those Republicans you say are the one's causing the problem are trying to do.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    41. Re:Will it make a difference? by trum4n · · Score: 2

      Congress signs the invoices. Obama can't spend money. It was Bush that started the longest, most expensive war in history. Obama is still trying to clean the shit off his boots from when he walked in the door.

    42. Re:Will it make a difference? by limaxray · · Score: 2, Insightful

      The problem is our current social security and medicare/medicaid system are systematically flawed. They are pyramid schemes that depend on an exponential population growth that hasn't been happening because people just aren't fucking like they used to. In other words, the rate of expenditure growth is out pacing the rate of revenue growth and no amount of spending cuts or tax increases are going to fix that.

      Of course we also need to seriously overhaul our tax code to eliminate the volumes of handouts to special interests and cut the huge waste that is our foreign military occupations. In the end though, its the exponential SS and medicare/medicaid liabilities that will kill us.

    43. Re:Will it make a difference? by ObsessiveMathsFreak · · Score: 1

      I'm from Ireland and a US default would make a huge difference over here. In fact, a US default would probably save this country--Ireland that is.

      If their financial holinesses in the US default on their debts, Ireland, Greece, Portugal and all the rest will have carte blanche to tell all their debtors to get stuffed. It will end the chaos and insanity of taxpayers coving the bad gambling debts of money men. This could potentially save a continent.

      If I met a Tea Party representative right now I would shake their hand and tell them that they're doing great things for Ireland.

      --
      May the Maths Be with you!
    44. Re:Will it make a difference? by glwtta · · Score: 4, Insightful

      People seem to want social security because they've paid into it their entire lives without having an alternative of opting out.

      Personally, I want social security - as a concept, not my social security - because I want to feel like I live in a civilized country. Not because of any money I may have paid into it so far.

      --
      sic transit gloria mundi
    45. Re:Will it make a difference? by glwtta · · Score: 3, Insightful

      I think he meant "unfunded" in the sense that no provisions were made to actually come up with the funds that were spent.

      --
      sic transit gloria mundi
    46. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      This was the grand bargain Obama was working to get. Essentially the problem is that house Republicans don't want to raise taxes on anyone nor even close loopholes if they can prevent it (the latter they may consider compromises on in backrooms, but on the record they are against).

    47. Re:Will it make a difference? by maxume · · Score: 1

      The debt ceiling 'crisis' is not the problem with Social Security.

      The problem with social security is that even optimistic projections show it not being self sustaining more than a couple of more decades.

      --
      Nerd rage is the funniest rage.
    48. Re:Will it make a difference? by ais523 · · Score: 1
      Basically, because governments have to get their income somehow. The higher the tax rate, the larger a proportion of the money is paid by richer people.

      When governments aren't getting taxes, they get the money in less direct ways, such as by taking bribes, or by cutting down on public services. Both those options tend to hit poorer people harder (indirectly, in the first case).

      --
      (1)DOCOMEFROM!2~.2'~#1WHILE:1<-"'?.1$.2'~'"':1/.1$.2'~#0"$#65535'"$"'"'&.1$.2'~'#0$#65535'"$#0'~#32767$#1"
    49. Re:Will it make a difference? by PortHaven · · Score: 2

      The only time either party bends over backwards to negotiate is when they don't have the majority.

    50. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Well it doesn't for someone who doesn't know crap about taxes....

    51. Re:Will it make a difference? by gatkinso · · Score: 2

      Interesting that you thing that... because I don't see either side willing to compromise.

      You're only problem is your inability to realize you are just as fucked up as those on the far right.

      --
      I am very small, utmostly microscopic.
    52. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Um, what the fuck are you talking about. The top 1% of taxes payers pay 95% of the taxes not saying that some wealth people aren't getting around being the top one percent of tax payers. It's easy to say lets just take someone else's money and spend it for our selves because where a majority. No, that would be mob rule and not the system of republic where the government must treat all parties fairly. So long as someone hasn't stole, cheated, or lied to get the wealth we can not simple take it. No matter how rich they get. It is finely time to stop punishing people for make money and just punish spending aka a vat only system. This would also encourage people to save money. IRA and other tax free saving are to complex for people who actually work for a living. Ask my mom about how her retirement saving and IRAs work. All she can tell you is that she puts in what the company says is the maximum yearly tax free. Ask her about tax account for medical clams what a piece of shit illogical system. Put money in here for tax free medical use but if you don't use it you loose it. To make life easier for all of us get rid of all these fuck up systems put in-place because of the insane idea of taxing income. BTW, I live in an apartment with a neighbor who makes around 300,000 a year on property/investments, he spends maybe about 100,000 a year. If he wants to hold on to the money keep it in the bank, it's fine by me. Tax him when spending it.

    53. Re:Will it make a difference? by Pieroxy · · Score: 1

      If Ireland defaults, you do realize what that means for Ireland, right? (And for the Euro zone, but you probably couldn't care less.)

    54. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Stop making this political. BOTH PARTIES FAIL HARD. I hope the ceiling isn't raised and bad things happen, and both parties can witness the price of playing games with people's lives and country.

    55. Re:Will it make a difference? by segoy · · Score: 2

      You forget (or are intentionally not mentioning to seemingly strengthen your point) that the Bush tax cuts have at the same time reduced revenue, thus adding to the situation. We need to both decrease spending and at the same time increase revenues; this is the only way out of the situation.

    56. Re:Will it make a difference? by Nimey · · Score: 3, Insightful

      And there are solutions being suggested, but they'll never pass the Party of No.

      Raising the maximum income for having to pay into SS, for example, or alternately raising the retirement age a bit.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    57. Re:Will it make a difference? by Mr.+Arbusto · · Score: 0

      I've been linking this quite a bit, but I'm pretty sure you just don't have a grasp how much spending we're doing and how fixing taxes alone cannot possibly be the answer.

      http://iowahawk.typepad.com/iowahawk/2011/03/feed-your-family-on-10-billion-a-day.html

    58. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      You mean if we keep spending $3 billion a day police the world? Why yes, yes it will.

    59. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      I think spending 3 for every 2 you take in shows a problem in the first place. I would 100% be for a tax increase. But they can not even show the wherewithal to balance what they have. Creating unfunded program after unfunded program. Placing federal mandates on the states that many states could never even hope to keep up with. If they can get it even or at least in the ballpark of even maybe I would consider giving them more money.

      In the past 8 years congress and the president both have nearly doubled our spending. Then at the same time lowered the tax income. I voted for bush the second time. Then only voted for him the second time as Kerry blatantly said more programs and more taxes just as Obama did. I just voted who I though would do the least amount of fiscal damage (they both were crazy). Congress is out of control. I told my fellow republicans at the time the 2000 tax decrease is going to be bad 10 years down the road. Tadahhhh it is. They had just spent 2-3 years getting it going in the right direction. Then congress spent the next 10 years undoing EVERYTHING about it. It is only now that they are trying to fix it again.

      Most of the problem is they lowered the taxable income on the middle class and poor too. I know it is unpopular to say. But they eliminated thousands of people that paid tax. They created a new 10% tax rate (which lowered everyone's taxes). No one was bitching when the 'rebate' checks were rolling out.

      I think this guy puts it best. Though I think he is too harsh on Obama. But he is spot on about the message for congress and Obama.
      http://www.youtube.com/watch?v=8SGyVNippvA

      No new taxes is a 100% unreasonable stance. We will need to raise them. But at least make an effort to show you are not spending it faster than you get it... You can not borrow yourself out of debt. It does not work. You need to cut back on your spending (all of it, not just your least favorite things).

      Also people keep saying SS is only a 7% tax. HOGWASH it is a 12% tax. You pay 6.5% your employer pays another 6.5%. There are hundreds of 'hidden' taxes out there like that. These guys are swimming in money. Then have manged to squander it all. It was meant to be 'off limits'. But was borrowed from heavily to finance the Vietnam war (thank you Kennedy and lbj). Then they just kept borrowing from it. Oh and this amount *EVERYONE* pays. The 'rich' pay up to a cap then end up in a higher tax bracket. Where the money just goes into the general fund instead they do not even pretend with the rich that they are paying into SS.

      These people act like addicts. "Just give me a bit more and I will quite seriously this time it is true". I know addicts and giving them more of their flavor does not help.

      Also in 1981 a 70% rate was too high. It is unfair. Why should they pay more? I am serious here. I'm sorry in kindergarten one of the biggest lessons is treating others fairly. The laffer curve is an inflationary control that was enacted. It was shown to be a spectacular failure in the 1970s (tada 18% inflation). With many people just hiding their money in offshore accounts. It has also been shown to be a spectacular failure in creating social equality. As the wealthy can just buy whatever they want anyway.

      At this point however they probably have gone too far with lowering taxes. Removing loopholes and the 10% rate would go a long way to fixing things. The 10% rate was responsible for me getting nearly 600 dollars back in refund money. Now take that across ALL tax payers... Yeah that much. The upper brackets need to be tweaked and put back to 1999 levels. Congress needs to get its spending UNDER control too. 14 trillion rolling debt (borrowing from peter to pay paul) and nearly 60 trillion in unfunded debt that is coming up.

      My effective tax rate is 40%. Including sales taxes, 'fees', state tax, property tax, SS, FICA. People seem to forget all of those other taxes and only concentrate one one or two. Also it is trivial math

    60. Re:Will it make a difference? by Nimey · · Score: 1

      Your blogger come across as a politically-motivated person with an axe to grind. Get me a real link.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    61. Re:Will it make a difference? by EraserMouseMan · · Score: 2

      Hey I like that analogy! One perspective was left out though. The helmsman refuses to steer away from the iceberg till the most affluent passengers agree to pay twice as much for their fares. Nobody hands over any extra cash the captain is content to go down with the ship. Again, we're all going down.

    62. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Problem is people/organizations want free money given by the government.

      Take a look at how much money has recently been spent by lobbyists.
      These are lobbyists from all sectors. No one wants their government
      money taken away from them.

    63. Re:Will it make a difference? by Mr.+Arbusto · · Score: 1

      Uhm, probably because he is...... The point is it's an unsustainable sum of money we've been running on annually for the past 10 years.

      We can finance the short falls now, but eventually we won't be able to sell out debt anymore or the dollar will just be totally worthless because we turned the printing presses to full.

      Fixing taxes alone isn't the solution, things need to be cut and they need to be cut now, not 10 years from now. It's not even advocating for the abolishment of SS and Medicare its making cuts and adjustments now so they aren't gone in 10 years.

    64. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Oddly enough it's widely accepted that the Titanic's "unsinkable" hull probably would have survived ramming the iceberg at full speed it was the evasive maneuver which resulted in breaching several compartments along the length of the hull that sunk the ship.

      You, um may want to use a different metaphor. How about something involving trains?

    65. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      The tax changes made by Economic Recovery Tax Act from 1981 did
      significantly reduce the tax rate. It also reduced the loopholes significantly.
      It should be noted that it also reduced the tax rates across the board, not just
      one subset.

      Also, if you are curious the effect of said tax cuts on the "rich".

      This comes from analysis of IRS data.
      In 1981: Top 1 percent paid 17.6% of all personal income taxes.
      In 1988: Top 1 percent paid 27.5% of all personal income taxes.

      Raises tax rates promotes the top earners to find tax shelters. When
      you have millions of dollars, finding tax shelters isn't difficult.

      What needs to change is tax loopholes/deductions not the tax rate.
      That requires tax reform, which both sides don't really want.

    66. Re:Will it make a difference? by dcollins · · Score: 2

      "If we keep spending at the rate we are, it'll be a much faster decline."

      The spending would be fine if we actually paid for it.

      --
      We know where leadership by an anti-intellectual "strongman" who scapegoats minorities and likes boisterous rallies goes
    67. Re:Will it make a difference? by MrMarket · · Score: 1

      If we keep spending at the rate we are without the revenues to support it, it'll be a much faster deline.

      Fixed it for you

    68. Re:Will it make a difference? by Xest · · Score: 1

      "The problem is our current social security and medicare/medicaid system are systematically flawed."

      Yes, and the greater irony is that that is because the same Republicans wouldn't let you have a OMG SOCIALIST!!! healthcare system like the NHS in the UK.

      So fundamentally, they're the cause of both problems- they force half arsed compromise social welfare programmes, then complain about them being half-arsed and use it as an excuse to fuck things even further.

    69. Re:Will it make a difference? by inode_buddha · · Score: 1

      Interestingly enough, my effective rate was about the same as your... when I was making 21 k a year. There wasn't any looholes available to me. And FWIW I'm republican too, but there are good ideas on both sides. And neither side will give.

      --
      C|N>K
    70. Re:Will it make a difference? by phlinn · · Score: 1

      I'd agree, as long as all of the bush tax cuts are on the table. By far the most expensive component was tax cuts for the middle class, which Democrats didn't want to touch. The cost per person was a lot smaller for the middle class, but there are so many more of them.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    71. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Amputation might even be the right thing to do - once the patient is stabilized.

    72. Re:Will it make a difference? by phlinn · · Score: 1

      True, but that still puts republican congressman ahead of democrat congressman, who are never deficit hawks as a caucus (individual members someimes are).

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    73. Re:Will it make a difference? by Machtyn · · Score: 1

      It also depended upon the death rates as they were in the 1950s. Yeah, people are living 10+ years on average longer. The system depended on most of the people dieing and never collecting on their deposits. We have an aging society with a liberal concept of over-population among the younger generation. I am not advocating "off-ing" the older generation, but we are likely going to need to increase the age limit for Social Security. I have no preconception of ever recovering that money I have put into SS. I consider it a theft by the US government. Taxes, themselves, are not theft, but a necessary thing to ensure a well oiled society. But this forced savings program along with all the entitlements are throwing pebbles and rocks into the cogs of our society.

    74. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      This is clear. However, as far as pyramid schemes go capitalism is the most blatant pyramid scheme there ever was. You invest capital now and expect a return later, that return only happens if the market as a whole grows. The growth was a no brainier back when population growth was clearly positive. You could pick any market or commodity, and overtime it would increase in value simply because the demand would grow with population.

      If the population growth is not positive, then the market for many things may stagnate, especially real estate which just takes a nose-dive when population is declining. To counter this, the capitalist must come up with schemes like population growth through immigration, inflating values of the market (If it's not growing just make it look like it is), or just outright theft and deception.

    75. Re:Will it make a difference? by Machtyn · · Score: 1

      Yes, how is Libya doing?

    76. Re:Will it make a difference? by trum4n · · Score: 1

      Cheaper than the "joke on terror."

    77. Re:Will it make a difference? by dpilot · · Score: 1

      Actually, a sizable number of the Democrats DID take a deficit hawk stand during the Bush-Cheney years, beyond the "usual Blue-dogs," though I don't remember how many. I believe that that deficit hawk stand by a sizable number of Democrats might have been responsible for Dick Cheney's "deficits are irrelevant" remark.

      Is it worse that the Democratic caucus never takes a deficit hawk stand, or that the Republicans take one when it suites them, and actually are worse at deficit spending when that suites them. This latter fact can be readily found - for all of the Democratic spendthrift reputation, the Republicans are historically worse for the deficit/debt.

      --
      The living have better things to do than to continue hating the dead.
    78. Re:Will it make a difference? by Talderas · · Score: 1

      Social security has never been a sustainable solution.

      Here's a good rule of thumb. It will take 4-5 people who earn the same income that you do to pay for your SS benefits when you retire. Or look at is as total incomes worth about 4-5 times what you earn. Raising the limit isn't going to help since that limit also determines how much that person will receive in retirement benefits.

      Right now the cap is at $102,000. If we raise it to $120,000 those people who suddenly pay more will receive more when they retire. You'll also have to raise annual income by about $72,000 to $90,000 just to handle the benefits for that person when they retire. Raising the cap just kicks the can down the road with Social Security. It will always be a problem as long as you require a low taxpayer:recipient ratio and you have a retirement age below the life expectency.

      Social security had a 12:1 or 24:1 ratio of payers to recipients when the program was sold which in itself is an unsustainable solution because it would require a population growth that just won't happen in a 1st world country. It was also enacted with a retirement age of 65 when the average life expectancy was 61. Now we have a retirement age of 67 with a life expectancy of 77 and a ratio of 4-5:1.

      --
      "Lack of speed can be overcome. In the worst case by patience." --Znork
    79. Re:Will it make a difference? by trum4n · · Score: 1

      Almost forgot, most of the world supports us there. The UK and UN have both recognized our efforts, and have acknowledged the new government. We joined the UN to help them with this kind of stuff. It is our obligation. It is our duty. It is our honor. As the strongest, we must defend the weakest. How's Iran going? Iraq? Afghanistan? The rest of that area?

    80. Re:Will it make a difference? by Nimey · · Score: 1

      Of course we can sort it out by raising taxes. The solution is universal health care on the European model, so that /everyone/ pays in a bit more and everyone benefits. The other part of the solution is to quit being the world's policeman and to quit propping up foreign regimes like Israel. That's your cut.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    81. Re:Will it make a difference? by Nimey · · Score: 1

      But we /can/ get that kind of population growth if we reform immigration.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    82. Re:Will it make a difference? by Xyrus · · Score: 5, Insightful

      The programs don't depend on exponential growth. They depend on revenue. If that revenue is not adequately or accurately adjusted to match reality, then you will get a shortfall.

      But neither SS nor our tax code accurately reflect the wealth distribution or population demographics. A mere 20% of the population controls the vast majority of wealth in this country. Our population base has been in decline because it is too much of a financial strain to have more than one or two kids. Wages have been stagnant for most Americans for at least a decade. And thanks to the "job creators", jobs have been moving overseas leaving lower paying jobs (or no jobs) in their place, further diminishing revenues of any sort. This doesn't even take into account the various tax loopholes, dodges, and other tricks those with the bucks (people and corporations) can afford to employ to avoid their tax burden.

      We can fund SS. We can even fund our gross bloated unnecessary budget. There is plenty of revenue available to pay for it and more. The problem is nobody wants to raise taxes to levels necessary to cover the expenses, nor do those with the wealth want to pay for it.

      Greed is what will kill the US, not any particular set of defense, social, or discretionary spending. It's why any balanced budget amendment will never ever pass congress. It's why congress never comes up with long term solutions. It's why people who don't need social program assistance think it's all a big waste of money and why "those lazy welfare bastards can't work like the rest of us".

      The US has a GDP of around $15 trillion. Our tax revenue is $2.1 trillion. Our latest budget is $3.5 trillion. We have plenty of room to cover our bills. We CHOOSE not to.

      --
      ~X~
    83. Re:Will it make a difference? by Attila+Dimedici · · Score: 0

      Except that the Bush tax cuts increased revenues. Historical evidence suggests that federal tax revenue will not go above 20% of GDP, no matter how the tax code is written. That means that reducing federal spending to less than 20% of GDP is more important than increasing revenue. The thing is Congress has passed laws that would reduce spending in the future in exchange for increasing taxes immediately several times in the last 30 years. Funny thing is, the tax increases happened but the spending reductions never did.
      It is time to do it the other way around, immediate reductions in spending and we can increase taxes later if needed. When has Congress ever reduced spending? It is time to stop calling it a reduction in spending when they just don't spend as much more as they originally said they were going to.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    84. Re:Will it make a difference? by blackraven14250 · · Score: 1

      They are pyramid schemes that depend on an exponential population growth that hasn't been happening because people just aren't fucking like they used to.

      Just make condoms illegal, and this problem will disappear, you say?

    85. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      There were many, many more deductions then. No one actually paid 70%.

    86. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      It seems like the more extreme Republicans that are running things in the House don't have a political philosophy so much as they have a religion. It's hard to convince a zealot of anything.

      Pay attention, kids: we're experiencing history! This is another stage in the long decline of the United States.

      What's even worse is ignoramuses over using the word "extreme". Why is everything extreme to the ignorant and why the blatant overkill of the word? What about "addiction" I like that word better. Addicted to spending and not holding fast to who voted you in, in the first place.

    87. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      If we want transparency we need to transition to something resembling a flat tax - if not a true flat tax then with rates that are below current nominal rates and with all or almost all deductions and credits eliminated and a paygo equivalent for tax law added. By paygo I mean that any new deduction/credit requires a deduction/credit be removed. The thresholds for these deductions/credits can be adjusted freely, but whenever a new deduction/credit is sought by a lobby, a different deduction/credit would have to be phased out. This has the appeal of setting up lobbyists to fight themselves as any new lobbying effort would be automatically opposed by the lobbies of the deductions/credits most at risk of repeal. Individual tax returns would be 1-2 pages, not quite Steve Forbes' fabled post card, but short enough to be done while dinner is baking in the oven one evening.

      Some provision is necessary to protect those whose plans were predicated on those deductions/credits and so during a transition period of n years, taxpayers can opt for either the new system or a portion of the old system - k/n from the new system and (n-k)/n from the old system for each year k in the n year transition. I suspect that a reasonable n for this would be somewhere between 4 and 10 years.

    88. Re:Will it make a difference? by Machtyn · · Score: 2

      Yep, cheaper than the "joke on poverty", too.

    89. Re:Will it make a difference? by neoform · · Score: 3, Insightful

      >They are pyramid schemes that depend on an exponential population growth that hasn't been happening because people just aren't fucking like they used to.

      What the hell are you talking about?

      Social security is a pension plan where people pay into it their whole lives and get money back when they retire, how is that a pyramid scheme? Exponential growth? Good job pulling that out of your ass.

      The only flaw with medicare/medicaid system is that it has not been paired with a rise in taxes. If you're going to provide medical coverage for a large group of people, they need to be taxed accordingly for the service provided (like every other sane country does). The solution isn't to get rid of the programs, since both are very useful programs, the solution is to actually pay for them with appropriate taxation.

      The problem with the US right now isn't "big government", it's the idiot electorate that wants tons of services and doesn't want to pay for it, so they keep electing people who promise to be able to pull that off somehow (which of course they can't).

      In the end though, its the exponential SS and medicare/medicaid liabilities that will kill us.

      Bullshit. Wars that cost trillions of dollars will be the end of us. Get rid of social security and watch how fast it plunges the US into mass poverty as the elderly suddenly can't pay any of their bills.

      --
      MABASPLOOM!
    90. Re:Will it make a difference? by gorfie · · Score: 1

      But what about those who don't trust Obama? Charisma != Honesty.

    91. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      But they won't have to default, will they? Much of the debt is in dollars, a currency the U.S. happens to control. So they could print 8 trillion and just pay it all off in one go. There would obviously be massive inflation afterwards, reducing the value of dollars. Which would cause some trouble, but be worst for the Chinese having received all those now near-worthless dollars. The debt would be gone, no interest to pay. The money would loose some value, but Americans would still have their property which would not decline in value. American products would still buy the same amount of foreign products.

    92. Re:Will it make a difference? by Nimey · · Score: 1

      I suppose there /were/ provisions, but they amounted to "let's borrow it from the Chinese".

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    93. Re:Will it make a difference? by Nimey · · Score: 1

      Then you're probably a fucking moron. I don't trust the man completely either, but it's a better idea to do it his way than let the teabaggers fuck the country with their religious orthodoxy.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    94. Re:Will it make a difference? by Nimey · · Score: 1

      Bull-fucking-shit. You've got no proof they did, either, or I'm sure you'd offer some for your assertions.

      "Laffer curve" isn't enough.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    95. Re:Will it make a difference? by Nimey · · Score: 1

      They're historically worse since St. Reagan (pbuh) anyway. Deficits shot up like crazy during his terms, and during both Bushes but especially the Lesser's.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    96. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      That is insulting. Humans were "uncivilized" before SS-like programs? I don't even know where to start...If you sincerely consider the reasons you think SS is so "civilized", perhaps you will come to the same conclusion as me: families, not the government, should be taking care of the elderly. Obviously some people don't have family - this is not a simple issue. However, I think it is shameful that it is the NORM for grandma to live alone on a gov't check. Maybe those guys ranting about family values aren't so insane as we think?

    97. Re:Will it make a difference? by the+eric+conspiracy · · Score: 1

      What you are describing would have EXACTLY the same effect as a default. Nobody would ever buy US government debt again and interest rates would be stuck at crippling levels, and hyperinflation would be very likely.

      Look up the consequences of that under Weimar Republic.

    98. Re:Will it make a difference? by D'Sphitz · · Score: 1

      I think it has less to do with their beliefs than it does with making sure Obama doesn't get re-elected at any cost to the people, the worse the consequences the better. Many have no problems admitting exactly that. I can hope it will bite them in the ass, but unfortunately I don't have much faith in the U.S. voters.

    99. Re:Will it make a difference? by sorak · · Score: 1

      Maybe you'd care to donate 70% of your income to the cause?

      Would I change places with someone in the top 5%? Gladly! Can we run a government based on the volunteer system? Hell no!

    100. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      How did you get scored 5... I know on this site I will be modded down to -1 but... here it goes...

      extreme Republicans

      I am so sick of the word extreme being used to describe people who simply want the government to live within its means.

      Is it extreme to pay all of your bills and not go so deeply into debt as to be forced into bankruptcy? That's what the extreme Republicans want the Govt to do.

      Where are you getting your news? WHERE do you think the money is going to come from? The rich? Take all of the money of the "Rich" and you still won't cover the debt. So then we start on the next tear and then next? Until everyone is paying 100% taxes? Is Communism what you are advocating?

      So an extremest wants to preserve the government and force it to live within its means but a moderate really is advocating communism.

      Wow, you have your head up your ass!!!

    101. Re:Will it make a difference? by SiChemist · · Score: 1

      I have never understood the low maximum income level for social security. It's as if it were DESIGNED to punish lower income earners.

      (For those who are not aware, "For 2011, the maximum taxable earnings amount for Social Security is $106,800." Any income above that amount does not incur social security taxes. See here.

    102. Re:Will it make a difference? by the+eric+conspiracy · · Score: 1

      No we can't. Current Medicare and Social Security unfunded liabilities exceed the total net worth of the US. Tax everything at 100% just for entitlement programs and it still isn't enough.

      It's going to take several steps:

      1. Yes increase taxes.
      2. Universal health care.
      3. Strict cost controls on health care. One of the biggest problems is we send 18% of GDP on health care; most nations spend less than 10%. People are going to scream bloody murder when they find that Grandma can't get a hip replacement or brain surgery for a metastasised tumour.
      4. Increases age of eligibility on some SS and Medicare.
      5. Monetize existing debt through inflation.
      6. Eviscerate defense spending.
      7. Pretty much put an end to discretionary spending.

      Then you MIGHT have a SLIM chance on making it through. But a lot of people are going to be living on ramen noodles.

    103. Re:Will it make a difference? by sorak · · Score: 1

      Politicians change their tune frequently. During the GWB administration people like Bill O'Reilly were literally saying "trust the government" (I can't remember if it was about warrant-less wiretapping or Gitmo), but could you imagine what kind of outcry there would be if Gitmo had been Obama's idea? Obama kidnapping people, not giving them a trial, and locking them up indefinitely in some Cuban "detention center"? I'm pretty sure it would be depicted as some communist gulag run by Fidel Castro himself.

    104. Re:Will it make a difference? by phlinn · · Score: 1

      Yeah, I've often thought we were best off with a Democrat president and republican congress. Of course, the only times that happened in the previous 60 years has been Clinton and Obama, so it's a little thin as statistical meaning. Overall, plotting deficits by party is tricky, especially when you try to account for election years and items outside the normal budget. The 2009 stimulus was done by obama, most of the budget that year wasn't...

      My understanding was that the deficit hawk democrats were a small minority of democrat congressman if they exist at all.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    105. Re:Will it make a difference? by SiChemist · · Score: 1

      No, it just makes those Republicans hypocritical partisan douchebags. They don't care about the deficit, they only care about making political points against the other party. And, the country suffers for it.

    106. Re:Will it make a difference? by Attila+Dimedici · · Score: 1

      After the Bush tax cuts went into effect, federal revenue went up. The numbers are part of the public record.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    107. Re:Will it make a difference? by roman_mir · · Score: 1

      Hold on, hold on. So it's a rational decision to raise taxes on people who are NOT getting SS and Medicare to subsidize those who want it but are no longer paying into it?

      That's a rational decision? You and I have a completely different understanding of the word 'rational', because I see this rational: those who are PAYING taxes NOW are the ones who should be deciding what taxes they will pay, not somebody else, who voted himself a sweet deal, to get a great pension for themselves but transfer the payments to the future generations, (those who are paying now.)

      No no, the rational thing to do is to allow people to opt out of SS and Medicare but allow them then to stop paying those taxes today, if they want to opt out of them today and forever.

      How many people, do you think, would take that offer? I think majority of people would. And think of this: the programs were sold to the public by making it sound like the government will make BETTER economic decisions for the public, because the government says that an average Joe cannot think for himself and would end up poor by the end of his life, but the government, in its infinite wisdom will make sound economic decisions and will keep the economy going and will make sure that the Joe is not left out in the cold.

      Instead, the people who are paying today, are paying the MOST of anybody who EVER paid into SS and Medicare, but they will be the ones who will get the least, because their kids are sure as hell not going to pay into those systems, because they won't have jobs in USA due to the incredibly awful economic decisions made by the government, which pushed productive capital out of the country and destroyed manufacturing sector and jobs.

      The people are overtaxed, anybody paying Medicare and SS is paying over 15% only into those programs, never mind income taxes by the federal gov't, by the state, municipalities, the sales taxes, the corporate taxes, the transaction taxes (buying/selling a house costs you in taxes too), property taxes, fuel taxes, excise taxes, the ever growing and unvoted for inflation tax.

      No, the rational thing to do is not to increase government spending, it's to abolish it.

    108. Re:Will it make a difference? by Moryath · · Score: 1

      Well, yeah. What, you think Republicans would do something that doesn't benefit the ultra-rich at the expense of the peon class?

      You forget: Republicans work like this.

    109. Re:Will it make a difference? by Talderas · · Score: 1

      When SS was enacted, the retirement age was 65 and life expectancy 61. Now it's Retirement at 67 and life expectancy of 77.

      +2 Retirement age. +16 to life expectancy.

      --
      "Lack of speed can be overcome. In the worst case by patience." --Znork
    110. Re:Will it make a difference? by roman_mir · · Score: 1

      FYI

      That's by
      Charles Blahous (One of two public trustees for Social Security & Medicare)

      and

      Andrew Biggs (Former principal deputy commissioner at the Social Security Administration )
      .

    111. Re:Will it make a difference? by tachyon · · Score: 1

      Only if we don't tax enough to cover the cost of the spending.

      The problem is, you can't tax that much. The total debt of the US federal government and unfunded liabilities is $50 trillion more than the total assets of every man, woman, child, business and corporation in the US.

      --
      99% of all statistics are made up on the spot. -- Bruce Karsh
    112. Re:Will it make a difference? by Nimey · · Score: 1

      Correlation != causation, and let's see those numbers if you've got them.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    113. Re:Will it make a difference? by cmiller173 · · Score: 1

      ... How come now in 2011 they pay less taxes than people making 1/10th their yearly earnings? ...

      1. They don't pay less, they pay more.

      2. Even if you raised the top marginal tax rate to 100%, it would be insignificant to the ridiculous, unsustainable level of spending the government has had for the last two years.

      Back in 1981 the top 5% paid 20.78% of all income tax collected, in 2008 (the most recent year data is available) the top 5% paid 34.73% of all taxes. In the same period the bottom 50% dropped in share of federal taxes from 17.75% to 12.75%

      You are in the top 5% if you make $159,619 or more

      You are in the bottom 50% if you make less than $33,048.

      In 2008 the top 5% paid an AVERAGE tax rate of 20.70%, the bottom 50% paid an AVERAGE rate of 2.59%.

      *source: http://www.taxfoundation.org/news/show/250.html

    114. Re:Will it make a difference? by JustSomeProgrammer · · Score: 1

      Military. By just 10%. Any game I've ever played with the % of income spent on military spending that the US does I was trying to do military conquest of the world. I'd either move that % into science which will help us advance to better states of livelihood or on luxury which will make people happier. I don't think that we need as large of a military budget as we have. If that means we can't be the police for in Afghanistan well damn... I guess we should stop being the police for in Afghanistan not raise military spending so we can do it. Or maybe move troops out of Germany or Japan or one of the other foreign countries we have military bases in where we don't have a good reason to be there.

    115. Re:Will it make a difference? by RivenAleem · · Score: 1

      that hasn't been happening because people just aren't fucking like they used to.

      This is why they need to look at the obesity issue, and start educating people about physical health, instead of trying to fix the issues later with medicaid/medicare.

    116. Re:Will it make a difference? by the+eric+conspiracy · · Score: 1

      That is the biggest lie in US political history. Tax cuts do NOT increase revenues.

      The fact is that revenues increases are due to the organic growth of the US economy, population growth, and inflation. Once you factor these principle causes out one finds that tax cuts actually decrease revenues.

      http://www.factcheck.org/taxes/supply-side_spin.html

      http://thinkprogress.org/yglesias/2010/07/14/197886/tax-cuts-dont-increase-revenues/

      However tax cuts are great at increasing the deficit because they are rarely accompanied by spending cuts.

      http://zfacts.com/p/318.html

      The idea that federal tax revenue cannot go above 20% based on US historical data is off-cited but is really the result of cherry-picking results so that non-US data are not considered. Expand the data set to include historical results from outside the US and you will immediately see that it is utter nonsense.

    117. Re:Will it make a difference? by LoyalOpposition · · Score: 1

      It's hard to convince a zealot of anything.

      An ad hominem fallacy occurs when you oppose neither the premisses an opponent has nor his reasoning, but instead attack the person making the argument. The phrase ad hominem means "against the man." This fallacy can occur when you claim that the proponent making the claim stands to benefit from adopting the conclusion, that the proponent is deficient in some way, or, as here, simply by name calling. In fact, when committing the ad hominem fallacy you don't even need to know what your opponents arguments are.

      "Fallacy" means that the reasoning is deficient in some way, and logicians generally lend no credence to ad hominem fallacies.

      ~Loyal

      --
      I aim to misbehave.
    118. Re:Will it make a difference? by cmiller173 · · Score: 1

      There is also a maximum monthly payout for social security, it's not like the guy making a million dollars a year is going to get $70,000 a month from social security when he retires, he will still get the same $674 ($1,011 if a couple) that I will. That maximum taxable earning for SS is in theory the point at which what comes in balances what goes out.

    119. Re:Will it make a difference? by roman_mir · · Score: 1

      Canada is an energy exporter nation with a very small population (sort of like Norway), and as these go, they are welfare states specifically because they are resource exporters.

      There is an economic paradox, I think it's called 'resource curse', it's when a nation becomes uncompetitive in manufacturing and production due to exporting resources, such as oil and gas. In such nations the economy structures itself very heavy at the top of government pyramid, where the money is collected from the exports, and then it's "doled out", also various labor regulations in these countries preclude it from having any real free market, investing into productive capacity except for the export business stops making sense, and the country becomes uncompetitive from POV of manufacturing and production capacity.

      Germany deals with its problems by allowing large numbers of foreigners to work in the country cheaply, so instead of outsourcing manufacturing to China, they found that outsourcing it to foreigners who come into the country makes more sense, and by the way, they have a trade surplus with China, which shows that US claims that China is unfair in its trading practices is a bunch of nonsense. Of-course US has a trade deficit with Canada, so ....

      UK by the way, is on its way to its own economic disaster, with manufacturing gone and a large welfare state that developed over the last century destroying the economy.

      So what spending would you get rid o

      - Wars, 99% of military. All of SS. All of Medicare. All government departments. All regulations of business. FHA, Freddie/Fannie, FDIC, Fed, IRS, FDA, EPA, FAA, CIA, Food stamps, EI, public schools, minimum wage, OSHA, MSHA, all of it, including department of transport. All assets must be sold off to private entities. Of-course all income taxes, corporate taxes, payroll taxes must be abolished.

    120. Re:Will it make a difference? by clonan · · Score: 1

      You mean after we hit the bottom of a recession?

      Of COURSE they will go up.

      That is like saying Obama created more jobs last year alone than Bush did for his entire presidency!

      Yes it is true but it isn't accurate. Bus started in a boom economy and ended and an absolute horrible economy. So the natural job growth was whiped out when a million jobs were lost right before he left office. This left Bush with exceptionally little job growth to his presidency. Obama didn't have very far to go to beat him.

      Just because a $ number is higher doesn't mean the change actually did anything.

    121. Re:Will it make a difference? by cmiller173 · · Score: 1

      Ooops! copy pasted from the wrong table.

      Back in 1981 the top 5% paid 36.84% of all income tax collected, in 2008 (the most recent year data is available) the top 5% paid 58.72% of all taxes. In the same period the bottom 50% dropped in share of federal taxes from 7.05% to 2.70%

    122. Re:Will it make a difference? by Talderas · · Score: 1

      Any solution that is dependent on increasing population is an idiotic one that should be avoided at all cost. All it does is provide short term relief by creating a larger problem down the line. Not to mention the problems that occur due to population growth in general.

      Immigration reform could make the problem worse. Illegal immigrants often contribute to SS while using a fake SS number but will never collect on it.

      --
      "Lack of speed can be overcome. In the worst case by patience." --Znork
    123. Re:Will it make a difference? by cmiller173 · · Score: 1

      It needs to be population growth AND jobs for that new population! Population growth sans jobs makes it worse.

    124. Re:Will it make a difference? by Newander · · Score: 1

      I believe he meant that if you're not making a lot of money you would want the top end rates to be higher.

      --

      Jesus saves and takes half damage.

    125. Re:Will it make a difference? by Jawnn · · Score: 1

      This is another stage in the long decline of the United States.

      If we keep spending at the rate we are, it'll be a much faster decline.

      "Spending" is a problem, to be sure, but it is not "the" problem. Not by a long, long stretch. Study your history - and learn that the most prosperous and productive period in U.S. history ended with the Reagan tax breaks. Not surprisingly, the national debt has soared in the absence of the those "crushing" taxes that were keeping us from "real prosperity". Bush's tax cuts made the problem worse, of course. Ironically, most economists agree that increasing spending, at least in the near term, will be required to revitalize the economy. Again, history (for those who can be bothered to look at it) bears this out.

    126. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      What about the 49% of people in America who PAY NOTHING (or even get money back beyond what they paid in-- ala "Earned Income Credit")?

      The problem with social justice is that you've got the people living off of societal charity on one side and the people paying for it on the other.... and the people paying for it are getting smaller and smaller.

      Oh-- and those rich who wouldn't mind paying more.. (perhaps even yourself). There is no requirement to take available deductions, or to straight out cut a check to the treasury.

      Of course-- no individual is that STUPID-- yet somehow we expect society to be that stupid as a whole.

    127. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Using common sense and telling people the truth about the debt situation makes someone extreme? Wow. Regardless of their personal ventures the right and probably some on the left know for a fact that we can't keep this sort of spending up period. We're already in debt we can't pay back, which is why we have to continuously buy new loans to pay for the old loans. What needs to happen is we need to get our spending in order and stop putting everything on a damn credit card.

      It's one thing to have expenses for items you actually have revenue for, but you also need to have profit in there otherwise your expense will out pace your revenue which will enslave you to debt forever. Which is what has happened here.

      What pisses the left off (imo) is that they know about 50% of those cuts are going to be to social items, since that is basically what the government (at this point) spends massive amounts of money on. Sure DOD spending is through the roof, but we also can't completely cut that or we'll get overrun by some foreign power that would love to see us all die and/or bow down to them.

    128. Re:Will it make a difference? by Newander · · Score: 1

      The trust fund is still there. It's just invested in t-bills which until very recently was the safest investment in the world.

      --

      Jesus saves and takes half damage.

    129. Re:Will it make a difference? by Rockoon · · Score: 1

      Yes. On the other hand, people seem to want things like Social Security

      I was told last year by Democrats that social security wasn't in trouble.. that social security had enough money in the account for at least another 25 years..

      ..and now only a year later the Democrats are telling me that we need to both raise taxes and borrow more money or they wont be able to make social security payments this year?

      Oh, that social security account is full of IOU's because for the past 30 years we have always borrowed money instead of reducing spending? Yeah...

      Look at the taxes over the past 50 years. Back in 1981 the top 5% of wealthy americans paid a 70% tax rate. How come now in 2011 they pay less taxes than people making 1/10th their yearly earnings? Something is wrong with that. Look at all the tax breaks for the wealthy, lets start there. Then lets look at our out of control spending.

      You want to start where it wont solve a thing? Really? Class warfare at its finest.

      --
      "His name was James Damore."
    130. Re:Will it make a difference? by Newander · · Score: 1

      Yes, the military. Maybe we wouldn't find ourselves in so many wars if we didn't spend more that the rest of the world combined on "defense."

      --

      Jesus saves and takes half damage.

    131. Re:Will it make a difference? by cmiller173 · · Score: 1
      http://www.washingtontimes.com/news/2010/feb/3/bush-tax-cuts-boosted-federal-revenue/

      As the Wall Street Journal’s Stephen Moore illuminates in his 2008 book “The End of Prosperity” (Threshold Editions), Mr. Bush’s 2001 tax cuts failed to revive an economy still staggering from the bursting of the dot-com bubble. Mr. Bush’s strategy had been to adopt a demand-side, Keynesian stimulus, hoping that putting a few extra dollars in Americans’ pockets would jump-start the economy through increased consumption. This approach faltered, not just because Americans opted to save their rebates, but because it neglected the importance of business investment to overall growth. Predictably, the economy lagged and government revenues stagnated. What the United States needed then (and needs now) was to stimulate investment, not consumption.

      By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.

      But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”

      Unfortunately, Mr. Bush allowed Congress to spend away those additional tax revenues. The fact is that the increase in tax revenues that flowed from the ‘03 tax cuts could have paid for the wars in Afghanistan and Iraq and then some but for rampant discretionary domestic spending.

    132. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Military. Ask any person not currently in the military, and they will say the military funding needs to be horrendously slashed.

    133. Re:Will it make a difference? by clonan · · Score: 1

      I have no problem with that actually.
      But what we really need to do is go back to the taxing system we had when we were agressivly paying down debt AND had a killer economy.

      I am not talking about the 90's. I am talking about the 60's.

      In the 60's the top tax bracket was at 75% and we had the strongest economy we have ever had.

      It sort of makes you think.

    134. Re:Will it make a difference? by interkin3tic · · Score: 1

      It's more a surprise that a lot of people who will actually lose out with lower taxes are crying for it. In a nutshell, the less you earn, the higher the tax rate you want. At least if you're smart.

      Some of my relatives who are going to be retired in 5-10 years are big fox news watchers and all about cutting taxes. Smokers too. How they've been convinced that cutting health benefits, medicare, and social security is not the worst idea possible is beyond me. I don't know what I'll say if their houses are foreclosed on. "I told you so. If you want, I'll drive you to the homeless shelter" I guess?

    135. Re:Will it make a difference? by belg4mit · · Score: 1

      >If we keep spending at the rate we are, without collecting sufficient taxes from those who rely upon the national infrastructure to accumulte obsecene levels of wealth, it'll be a much faster decline.

      There, fixed that for you.

      --
      Were that I say, pancakes?
    136. Re:Will it make a difference? by IndigoDarkwolf · · Score: 1

      Actually, it /was/ more-or-less self-sustaining, then the baby boomers didn't have kids at the same rate as their parents, and the Ponzi scheme it's based on started to fall apart.

      Social Security had been planned on the assumption that the U.S. population would always have more income-earning tax payers than retired geriatrics, costing individual Americans a small amount of money each year to take care of the relatively few Social Security payouts. This is why I call it a Ponzi scheme: the program is premised on paying retirees using the money currently being gathered from taxpayers, and has been since its inception. There was no phase of the program where taxpayers began paying in but Social Security wasn't paying out.

      The problem is that two things changed. First, the baby boom happened, which initially meant Social Security was in its heyday, but the relatively better-educated baby boomer kids didn't themselves continue to have children at the same rate as their parents. Second, the baby boom generation has seen the benefit of vastly improved health care, prolonging their life and, consequently, increasing the number of retired Americans drawing on social security.

      True, Congress took money from Social Security instead of raising taxes, but the result is simply that they've accelerated what was inevitable anyways. I don't think there was any way the baby boomers could have paid enough into Social Security to avoid this outcome.

      Also true, Social Security is not the only long-term problem facing the U.S. budget, nor is it the biggest. Medicare is probably the single biggest contributor to the U.S.'s long-term budget. Also, if we keep raising the debt limit for the country, then paying back those debts may eclipse even Medicare.

    137. Re:Will it make a difference? by cmiller173 · · Score: 1

      On average you get back in 7 years everything you paid into social security (with interest) over your life. After that your getting what someone else paid in! SS was never a retirement savings plan, it was ALWAYS about the current working class paying for retirees.

    138. Re:Will it make a difference? by DavidTC · · Score: 1

      Here's a good rule of thumb. It will take 4-5 people who earn the same income that you do to pay for your SS benefits when you retire. Or look at is as total incomes worth about 4-5 times what you earn. Raising the limit isn't going to help since that limit also determines how much that person will receive in retirement benefits.

      I always wonder about the people who repeat that 4-5 like it means something.

      You people make it sound like it takes four people working their entire life to support someone else in retirement. Well, yeah, if that person lives 160 years after retirement, I guess. Moreover, in your insane universe, social security would only be solvent if the population quadrupled every 40 years! Yeah, it doesn't. It's never done that. It only tripled in the last century!

      No, how it actually works is that for every decade someone spends on social security, four people have to spend a decade paying into it...or, to rearrange things a little, one person has to spend four decades paying into it. I.e., if someone works from 27-67, they personally have paid enough to get social security until they are 77. (Erm, pretending it actually worked like that and they paid for their own income.)

      In the actual word, generally, as long as more people die before 77 than die after, social security is balanced with no population growth. (That is, of course, a huge oversimplification.) Of course, life expectancy is slightly higher than that, and people often don't work the full 40 years. But, OTOH, there actually is population growth.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    139. Re:Will it make a difference? by magical+liopleurodon · · Score: 1

      Social Security will never be self sustaining. Ponzi schemes never are.

    140. Re:Will it make a difference? by Diesel+Dave · · Score: 1

      And Yemen, Somalia, and Pakistan?

    141. Re:Will it make a difference? by magical+liopleurodon · · Score: 1

      subsidies, corporate welfare

    142. Re:Will it make a difference? by Opportunist · · Score: 1

      No, I'm dead serious. If you are poor, the last thing you'd possibly want is lower taxes. Even ignoring tax progression, even on a flat tax system you'd want more tax. Not less.

      No, not because you're so fond of paying more of what little you already have. But because how taxes are used. Taxes are, in general at least, used for everyone equally. It's not my police or yours. It's not my school or yours. They provide the same service for both of us. Whether I pay 1k in tax per year and you pay 100k or whether it's the other way around does not matter. Public services are provided to everyone equally. And the more money is available for public services, the more a poor person benefits from it. Because he cannot afford buying that service himself. Allow me to give you an example. Yes, with made up numbers, but they should illustrate the idea.

      A earns 20k a year, paying 2k in tax. B earns 200k a year, paying 20k in tax. Flat tax, 10%. The government hence gets 22k a year from them combined. Which the government uses equally on both of them. They both can send their kids to school for that money, they both can call the police if they need assistance, they both can use the public roads to travel and they both can get an operation if needed.

      At 15% tax, A would pay 3k and B would pay 30k. Now, who pays more with more tax? Even without progression, it's obvious that B would pay ten times the amount of tax that A does, and the tax increase would hit B ten times as hard. It would give the government 11k additional money which can be used for better schools, more police, better roads and healthcare. For BOTH of them. B, essentially, pays the services for A.

      Essentially, if you're poor, every dollar you pay in tax comes back tenfold in services. The rich pay the public services for the poor. Hence the first thing you should cry for if you're poor is HIGHER tax. It means more public services for you, paid by the rich.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    143. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      It seems like the more extreme Republicans that are running things in the House don't have a political philosophy so much as they have a religion. It's hard to convince a zealot of anything.

      Pay attention, kids: we're experiencing history! This is another stage in the long decline of the United States.

      You're just noticing...

    144. Re:Will it make a difference? by Derekloffin · · Score: 1

      You can't cut spending that much either. Even if you totally zeroed all spending, it still wouldn't cover it. BUT, fortunately that's irrelevant. No one is expecting the whole accumulated debt to be paid down in one shot. They want to get ahead of the interest so that you can begin paying it down over time.

    145. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      This man is completely sustained by warm fuzzy feelings.

    146. Re:Will it make a difference? by Mr.+Arbusto · · Score: 1

      Did you miss the part where this year's expenditures run at about $3,700,000,000,000. Which works out to about $10,000,000,000 per day right now?

      This year, SS and Medicare are 1,700,000,000,000 dollars, which is a third of the budget. This number only grows as our demographics shift to become older in the coming years.

      The military has a lot of cutting to be done, but it really only consumes about 600,000,000,000 dollars of the budget. Really, the total cost of the two wars is only about 1,200,000,000,000 dollars at current tally and it looks like we're just starting more and not getting out of the ones we are in.

      Are you noticing the entire cost of invading two countries was less than the cost of two of our social programs? Even better 55,000,000,000 dollars of the Defense budget is actually VA/Healthcare benefits.

      We have lots of cuts to make, lots of little things the government does that needs to be cut. The Tax system needs to be fixed AND we need to fix our budgets. The two big spending programs SS and Medicare are projected to be something like 2xGPD in the best senario.

    147. Re:Will it make a difference? by ScentCone · · Score: 1

      There is no trust fund. There never was a trust fund. You do not "pay into" social security, and then get money back out. That is not how it works. The money that is paid out is collected from the people paying in, right then, that year. It is a welfare system, taking money from one group, and giving it to another group. When the number of people taking the money exceed the number of people from who it's being taken, it become unsustainable. That point is rapidly approaching. You could tax everyone who makes over $200k/year at a rate of 100% (take all of their earnings - everything), and it would only pay for the deficit as it currently exists for part of the year. In the coming years, completely confiscating all of their earnings would only cover a fraction of the deficit.

      The problem is that half the people in the country pay no income taxes, but want an endless stream of entitlements and services paid for by other people. And that no-tax-paying half of the country is the half that is endlessly wooed by the left, and promised more - for free - by the left. They (the lefty politicians) won't come right out and talk about people actually participating in civil society by coughing up a bit of their income - just like everyone else - as part of the price they pay for getting stuff.

      --
      Don't disappoint your bird dog. Go to the range.
    148. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      It's also because inequality has increased and income from capital gains is not taxed for social security so as more and more of the most wealthy Americans simply live off investments and more and more of the poorest Americans are unemployed and underemployed the numbers just aren't going to add up the way they once might have say in the 1950s.

    149. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      The US has a GDP of around $15 trillion. Our tax revenue is $2.1 trillion. Our latest budget is $3.5 trillion. We have plenty of room to cover our bills. We CHOOSE not to.

      The interest on the $14 trillion deficit is around $400 billion. Under Barack Hussein Obama's watch the deficit is up around 40%. Let that sink in for a moment.

      I know what the solution is: no taxes. Yep. Doing a tiny bit of research showed me that the USA was fiercely prosperous with little to no taxation; right up until the American Civil War. It was the Civil War that imposed the US's first income tax. The reason was to fund the war. I hereby postulate that while we have an income tax we are still fighting the Civil War.

      Now, you may ask, how did the US government function without tax revenue? Tariffs. The IRS pulled in ~$2 trillion last year, paid ~$400 billion in interest on ~$14 trillion in debt. Who really knows how much of the leftover ~$1.6 trillion went directly toward paying off the ~$14 trillion.

      I say shift the taxes back to the foreigners. If the US market really is the best market in the world, let them pay us to access it, like they used to before we decided to fight ourselves. Zero taxes for every US Citizen, increased taxes for every multi-national/foreign entity that wishes to gain access to our market.

      If capitalism really drives these entities, it will not matter that their profit margins decrease significantly, so long as there remains a profit margin. Either we have the best market in the world or we don't.

      I said over 10 years ago we could also just stop paying back our debt. That would immediately lead to the lenders halting their lending, which would be bad in the short term. However, I see little difference between that, and bleeding the Middle Class dry while increasing the borrowing to the point the lenders stop lending anyway.

      Make the lenders pay back our debt. That is the only viable solution. Every other scenario leads to the lenders not lending us anymore anyway. If they tried to cease exporting to us, they would lose money. If they tried to do the same thing to us and increase Tariffs on our exports... Well, I guess someone in Washington D.C. was actually being smart by making food our largest exports. It's 2011 and no country on Earth would get away with letting their people starve so they can turn a bigger profit.

      Sincerely,
      Some Crazy, Patriotic, Federalist Republican

    150. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      The problem with this entire debate is that class warfare is entering into an economic problem. The government spends more than it takes in - MUCH more. Increasing taxes will never fix a the problem as long as there is a blank check from the voting population. The best single way to address this would be a balanced budget amendment to cap spending to gdp. That unfortunately is not enough since past congresses set up long term entitlement programs that were designed by politicians and lobbyists and not engineers and economists.

      This problem has nothing to do with the tax rate - that 5% had a top rate of 70% in 1979 is thrown around all the time, but the reality is that NO one paid that much. Google "effective tax rate" and you will see that the real amount of taxes by the wealthiest 5% percent was 31.8% and today it is 27.9%. This is a decrease of only 3.9%:

      http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456
      richest 25%: 1979-27.5% 2007=25.1% (delta = -2.4%)
      richest 10%: 1979=29.6% 2007=26.7% (delta = -2.9%)
      richest 5%:1979=31.8% 2007=27.9% (delta = -3.9%)
      richest 1%: 1979=37.0% 2007=29.5% (delta = -7.5%)

      During this same period, the lowest 3 75% of income earners decreased by roughly 4%. Only the top 1% decreased by more, but they have always had to pay a more than the remaining 99% of the population. Why that 1% stays in the USA honestly stuns me, there are plenty of friendly stable countries around the world.

      The only truly fair system would be either flat tax (which would roll FICA up, since it has never really be in a "lock box" anyway) or a uniform sales tax (exempting food, medicine, and housing). Neither idea appeals to either party in Washington as it would severely limit their talking points of "lower taxes" or "make the rich pay their fair share" rhetoric.

      The step way would be the original way the constitution was set up: repeal the 17th amendment so that states had a stake in the Federal government to prevent costly broken entitlements from popping into existence. States might still send politicians to Washington but the wouldn't be

      Finally, the inherent problem is that there even exists politicians to begin with. The founders had the (misguided) belief that we would be a citizen representation. Even by the time the constitution was founded it was clear that wasn't going to happen as political parties and lobbyists showed up instantly before the ink was dry. Term limits fixes that problem.

      In summary, 4 amendments:
      1) Require a balanced budget capped to GDP.
      2) Replace the income tax with a uniform sales tax (with a cap) or flat tax (with a cap).
      3) Repeal the 17th amendment and restore the upper house to the control of state legislatures to resist political pressures
      4) Term limit House to 10 years, Senators to 16, and the court to 20.

      Of course, the likely-hood of even one of these amendments going to the states in my lifetime is roughly as good as my winning the lottery.

    151. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Fuck you. Always looking at someone else's pocket for free money.

      I live in the great state of California. I "make" about 120k so in the mind of many like you, I'm "rich" I suppose, although I'm still saving for a damn house, while other folks that laughed at me for not jumping in the housing frenzy live in their homes for free courtesy of the government's largesse with my/our money. My June paycheck summary showed 60k gross year-to-date and between the 28% that the fed gets and the 10% that california gets and the various SDI, Social security and other handouts I get a little more than half.

    152. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      There is no need to raise taxes if you cut military spending. the military is an extremely inefficient machine until they get onto the battle field, then its balls to the wall when the word comes down. Before and after is a total fucking nightmare of blatant waste. Being intelligent human beings, we can drastically cut the military without reducing capability. The fact is, politicians are deeply involved with military spending and contracts. Cutting military spending is a political impossibility at this point.

    153. Re:Will it make a difference? by Nimey · · Score: 1

      Sorry, no. The Times is well-known for having a political bent.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    154. Re:Will it make a difference? by AlamedaStone · · Score: 1

      We could end prohibition of cannabis, cut the DEA budget by about 70%, license the existing cottage industry, and tax the product. This would have the added benefit of drastically reducing the required spending on Federal imprisonment, a not-insubstantial amount of cash.

      --
      "All these years believing you're the signified monkey, only to find out you're just a big hunk of nobody cares."
    155. Re:Will it make a difference? by AlamedaStone · · Score: 1

      The helmsman is unable to steer away from the iceberg till the most affluent passengers agree to pay twice as much as the passengers in steerage for their exquisite first class cabins.

      Not a perfect analogy, but I think this is a little closer to the mark.

      --
      "All these years believing you're the signified monkey, only to find out you're just a big hunk of nobody cares."
    156. Re:Will it make a difference? by bugs2squash · · Score: 1

      That seems to me to point more to the shameful progressive widening of the income gap between rich and poor than to "running the country on the backs of the wealthy".

      --
      Nullius in verba
    157. Re:Will it make a difference? by frosty_tsm · · Score: 1

      Yeah, I've often thought we were best off with a Democrat president and republican congress.

      I've thought the same thing. Despite how antagonistic the Clinton-era Republican Congress was, they could still get stuff done. They worked well as an opposition party and made bills better through compromise. The Obama-era Republican Congress came to power by blocking anything and everything regardless of merit, so why should they stop once they have control of the House?

    158. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Social security has never been a sustainable solution.

      Here's a good rule of thumb. It will take 4-5 people who earn the same income that you do to pay for your SS benefits when you retire.

      No, because that is a Ponzi scheme, and they are never sustainable. Social Security was not supposed to be a Ponzi scheme.

      It would take YOUR contributions over your lifetime, plus interest, to pay your SS benefits when you retire... that is the way it was SUPPOSED to work, if they hadn't found ways to spend all of that money so it won't be there when you retire.

    159. Re:Will it make a difference? by umrguy76 · · Score: 1

      So what spending would you get rid of?

      p-o-r-k

      Here is a good start: http://www.cagw.org/reports/pig-book/2010/pork-database.html

    160. Re:Will it make a difference? by ScentCone · · Score: 2

      A mere 20% of the population controls the vast majority of wealth in this country

      And pay almost all of the taxes. Half of the people in the country pay no income taxes, and many are given a tax "rebate" (on taxes they never even paid!) as a form of redistribution.

      But neither SS nor our tax code accurately reflect the wealth distribution or population demographics.

      True. The vast majority of people on the receiving end pay little or nothing for what they get. The small number of people who pay most of the taxes are in the opposite situation.

      There is plenty of revenue available to pay for it and more

      No, there isn't. What you mean is that you think there's plenty of economic activity that could be taxed in order to raise that revenue, and you think you know that further taxing the economy will grow the economy. A notion that has been proven wrong every time.

      nor do those with the wealth want to pay for it

      They may not want to, but they already do. The people who really don't want to pay taxes are the people who don't want to start paying taxes, because they think only other people should do so. That would be half the people in the country.

      Greed is what will kill the US

      True. Greed for things that people want to the government to take from one person, and given to them, instead. People want free stuff, and their greed demands that a small percentage of their fellow citizens pay for it. Greed on the left (for power, and thus for continuing to pander to the pays-no-taxes demographic that keeps them in power) is indeed the problem, and they won't be happy until they have completely codified the two countries they want to see: the ones who get free stuff, and the ones who are the productive slaves to those people - both relied upon and always villified at the same time.

      --
      Don't disappoint your bird dog. Go to the range.
    161. Re:Will it make a difference? by frosty_tsm · · Score: 1

      The titanic is headed full speed ahead into the iceberg. One side wants to maintain speed, so the coal men get paid. The other side pretends to want to decrease speed to 3/4 to save coal, and to embarrass the helmsman (but really wants to get to New York fast). Everyone is eventually gonna drown anyway.

      There, fixed that for you. If you put the "crew" as the first side and the board of investors as the second, the analogy fits nicely (especially since the board dictates the budget and spending in the first place).

    162. Re:Will it make a difference? by slinches · · Score: 1

      I don't want social security. In my opinion, a civilized society is one in which everyone would be responsible enough to not push the cost of their retirement years onto others. If you feel that a social safety net for retired people is worthwhile, why don't you set up a privately funded non-profit program to achieve it?

      --
      Knowledge Brings Fear
    163. Re:Will it make a difference? by Asmodae · · Score: 2
      More like:

      A ship is headed for an iceberg, the helm is jammed and the helmsman needs help to try and turn the wheel. There's 2 people available to help, a small child and a big muscle bound heavyweight. The child pulls with all their strength, and muscles is gently pushing with their pinky saying "why should I help more than the kid?"

    164. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      He learned this from the Republicans during the failed healthcare reform bill process, where an ineffective bill that catered to Republicans to the significant detriment of every intention was passed.

    165. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      You hit the nail squarely on the head...and I wish people would listen...sadly, many don't. And they just screech fox news talking points and don't listen. someone who likened increasing the debt ceiling to giving the addict more dope. This is what happens when you have stupid people making the most noise. The debt ceiling is not giving us more credit to "SPEND MORE", it merely allows us to meet our obligations that we've already agreed to. Michelle Bachmann and her ilk refusing to do anything about it, it's just more of the same crazy screech talk that gets us into worse shape. It's more Republican/Tea Partier cutting off the nose to spite the face. It was bad enough when Cheney was saying "Deficits don't matter." Now we've got the right wing whackjobs saying "Defaults don't matter."

      in a word, arghhhhhhhhhhhhh.

    166. Re:Will it make a difference? by tebixan · · Score: 1

      They should pay twice as much since they're staying in the penthouse. Also, they got on for free anyway since they own the cruise line.

    167. Re:Will it make a difference? by Nimey · · Score: 1

      Especially not to people who are invested (heh) in believing that SS is a scam.

      Your bias is showing.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    168. Re:Will it make a difference? by Straif · · Score: 1

      If you want to argue technicalities Congress is also the only US political body with the ability to declare war, not the President, and it was Congress that voted on two bills authorizing the use of force in Iraq and Afghanistan. The President can only authorize the use of force without Congressional approval when the United States is facing a direct threat to it's security, and even then it is limited and is supposed to be followed by approval by the congress.

      The only President to bypass this constitutional requirement in the last 10 years has been Obama with his sustained military intervention in Libya.

      --
      Of course that's just my opinion...... you could be wrong!
    169. Re:Will it make a difference? by Nimey · · Score: 1

      Makes you wonder how much SS would save if the richer folks who don't need it are declared ineligible, but still pay in at the current level.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    170. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Plenty of countries have governments that spend far more than the US, but they make up for it by taxing more. And I'm not talking about Third World countries, I'm talking about places like Canada, Germany, and the UK.

      You are actually talking about /ALL/ the oecd countries. As a % of GDP, the USA collects the least tax revenue.

    171. Re:Will it make a difference? by jbengt · · Score: 1

      The problem is our current social security and medicare/medicaid system are systematically flawed. They are pyramid schemes that depend on an exponential population growth that hasn't been happening because people just aren't fucking like they used to.

      No, you are mistaken.
      Social Security is basically solvent in the medium term; and a small increase in the retirement age, raising or eliminating the cap on SS taxes, or means-testing the benefit each could theoretically make Social Security solvent into the foreseeable future. The problem is that the general government budget has been borrowing from the SS "trust" fund, so we basically owe money for the money we've "saved". That is what Al Gore was talking about when he was made fun of for calling for a "lock box" on Social Security funds during his campaign.
      Medicare/Medicaid basically suffers the same problem as all medical insurance or payment systems in the US- the costs are rising far faster than can possibly be sustained. At the current rate, soon even Bill Gates could have trouble buying insurance in his old age. (Ok, I'm exaggerating a little)

    172. Re:Will it make a difference? by jfmiller · · Score: 1

      Military. By at least 50%. In particular defence contracts for anything not currently held worn or used directly by a PFC on the front lines. Boat, plains, bombs, sci-fi toys and brass.

      Social Security. I'm 34. You may expect me to work until 69 to collect full benefits. If my excellent retirement planning provides my spouse and I enough to qualify for the AMT there is no need for the government to send me a check. you may also scale back my checks as I approach that level.

      TSA. Enough Said

      10 year spending freeze on salary costs for all regulatory bodies. Reduce manager to subordinate ratios dramatically.

      --
      Strive to make your client happy, not necessarly give them what they ask for
    173. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      I would say cut the military (even though I am about to go into it) while actually returning them to what their jobs are supposed to be. Getting rid of the department of Homeland Security as we already have the FBI and CIA who already had their job before they existed.

      I would end the War on Drugs as it has proven to be a failure and nothing but a way to bleed money while legalizing pot and heavily regulating it and actually releasing anyone from prison/jail on nothing but pot related charges and absolving them of all fines, taxes and penalties relating to them charges. That alone would keep over 100 million a year in the US instead of going south while extremely weakening organized crime and allowing us to cut the cost of our prison system where we have more than any other nation in prison. And I would also change it so any money paid for tickets or fines would have to be paid to the national government so no police station could keep it, I get tired of police trying to act like a for profit venture.

      Next I would socialize our healthcare system which when done properly would cut the cost of healthcare by over 50% which is already been proven by looking around us at which time we could get rid of medicare and medicaid as they are already paid for by taxes. And the increase in living standards due to it would cut the costs over time dramatically as well.

      Them changes right there would help a lot. How is that for a start? Then we could spend a lot of that cash we spent onto fixing our backed up patenting system while changing it so they can't try to patent on idea, only an implementation of that idea which would again cut our expenses over time and remove many patent trolls. Then we could add "Use it or lose it" stipulations to our spectrum we lease to companies so they can not lease it just so others can't which would improve competition and do the same with patents so companies can't patent stuff just so others can't use it (IE big oil companies trying to patent battery designs or biofuels so others can't use them).

      How are these for a starting point just off the top of my head? These are stuff that most people could get behind and would save use literally trillions every year while improving everyones way of life.

      That isn't even getting into closing the loopholes in our tax code so I can stop having to carry the rich boys dead weight come tax time. As of 2007 the top 20% of the nation controlled 97% of the wealth while only paying about 60% of the taxes I believe, which lead to the rest of us, who make the least, dragging their dead weight. You make them carry their dead weight and tax revenue jumps over 30% without even touching what I said above.

      Our problems aren't lack of money, it is lack of management and personal responsibility from our leaders both politically and business wise. Also would change it were for any company to claim being US based and avoid tariffs and such would be required to have at least %60 of their manufacturing base in the US. There is even more I could mention but don't have the time, but here is your starting point.

    174. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      We need to go back to basics...
      If you have a budget of X, but only earn X-Y, you need to cut your budget AND earn more money so that now you have (X-Y) + Y and are now able to balance the budget. Even better would be to have the ability to make more (X+1) so that you can work toward paying DOWN your debt. We all know in this economy, it's WAY easier to find things to cut than it is to make more money... When things are this bad, you have to do both - not one OR the other. If you can make up Y by only cutting from your budget - good for you. (Though I seriously doubt that's the case here.)

      Politics are getting in the way of doing the right thing for everybody. Didn't we elect these people to work for the "American people" - not exclusively for the Republicans or Democrats?

    175. Re:Will it make a difference? by dkleinsc · · Score: 1

      Ok, cutting out everything from that list, you've turned something like a $1.41 trillion deficit into a $1.39 trillion deficit. Somehow that doesn't seem like you've solved the problem.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    176. Re:Will it make a difference? by cmiller173 · · Score: 1

      A trivial amount, there just are not that many "rich" people. I got nothing against means testing for SS but it would be a drop in the bucket.

    177. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      In my opinion, a civilized society is one in which everyone would be responsible enough to not push the cost of their retirement years onto others.

      So, a good, responsible citizen who'd saved a megabuck or two by 2008, only to watch a bunch of irresponsible bankers destroy the economy and that savings is just SOL? That's where social security came from, remember? Depression. Bank failures eradicated the savings of a whole generation of folks already too old to work and too proud to accept welfare. Social security is welfare for old people under a name that doesn't sound so condescending. It's only recently, especially with the privatization push, that people started thinking of SS as a personal savings plan. It ain't.

    178. Re:Will it make a difference? by dkleinsc · · Score: 1

      Actually, when you're talking about the entire US federal budget of $3,550 billion, the $25 billion or so going to the entire Department of Justice, including $2 billion to the DEA (source), is in fact an insubstantial amount of cash.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    179. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      It isn't a choice. If you think raising taxes on wealthy people won't cause them to move wealth out of the country, you're kidding yourself. At that point they technically owe taxes on interest.. but depending on which country the wealth gets moved to will determine whether or not the IRS gets any indication of how much is owed. And good luck making a system that can't be gamed without also making it a system that crushes legit people and businesses.

      Second.. controlling the "vast majority of wealth" doesn't mean as much as you think it means from a tax revenue situation. If I controlled 95% of the wealth of the US and kept it in trillion dollar bills in a suitcase, the tax burden on me is .. zero. Quite a lot of wealth is held in debt or equity instruments. All told, worth quite a lot. Taxable revenue from them? Quite a lot less. Because the taxable amount is SalePrice - PurchasePrice. A capital gain. But capital gains are also offset by capital losses before taxes can be determined. So even with a lot of wealth in play, relatively little is taxable. And if they're not selling the instruments, there isn't a taxable action. So they have the wealth and the control but avoid the tax.

      Third.. GDP at $15 trillion doesn't give the room you think it does. From that $15 trillion, less than half is taxable. Because that isn't $15 trillion in gross profit, let alone net profit. GDP doesn't subtract out the cost of making the stuff that got sold for $15 trillion. Company A makes a product it sells to Company B which B uses as a part in its product that it sells. GDP records the revenues of A and B. But A's revenues are B's expenses. B deducts its expenses before the government taxes them (A does, too). Leaving you with a much smaller number as a taxable base.

      And.. GDP also includes government spending ... which it can afford to do from .. tax revenue or government borrowing. If we looked at GDP alone and thought "Oh yeah, we can afford to tax that more" you'd never stop raising taxes. Because every time you raised taxes, you'll inflate the government spending portion of GDP, always leaving you an indication that you can afford to raise taxes. Even though you can't.

      We need to quit spending money on programs that can't work. Social security can't provide actual security. Its only going to further and further underprovide because the ratio of program dependents (retirees, mostly) to program supporters (workers) is out of balance and going up. You can address this in ways such as raising taxes (constricting current and future economic growth), diverting funds from other programs, or reducing benefits. We're already doing two of those, with social security payments being made, in part, out of general tax revenues. We need to quit promising social security, continue to give companies incentives to do things like match IRA and 401k deposits, and get the fuck away from the creeping burden.

    180. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Or perhaps spend 10% less on your defence budget. It'd likely cover all that shit and more.

    181. Re:Will it make a difference? by Politburo · · Score: 1

      That's not a study, it's a columnist drawing their own conclusions from data, otherwise known as 'analysis'. Furthermore, the website you link to grossly misrepresents the piece. The columnist wrote "If deficit reduction aggravates these biases, more Americans may choose not to have children or to have fewer children. Down that path lies economic decline." The website turned that into: "Samuelson: Higher Taxes Inhibit Having Children, Will Destroy Economy"

      The real problem, imo, is that wages have been flat for 30 years, which has led to the near-universal two-income household. After you have one child in that situation, two (or more) becomes much more of a burden than if there is a parent at home.

    182. Re:Will it make a difference? by tendrousbeastie · · Score: 1

      Two points:

      1) Why is a balance budget a good thing?

      2) There are consequences to raising taxes, above and beyond pissing people off.

    183. Re:Will it make a difference? by Politburo · · Score: 1

      Here's what I don't get.. you act as if there was never a time when SS didn't exist. But there was, and we know exactly what happens when people have no money at retirement. It's absolutely awful, and it's why SS was created in the first place.

    184. Re:Will it make a difference? by Reverand+Dave · · Score: 1

      Amen. As long as capitol gains remain relatively untaxed in comparison to middle class america's tax rate then we should be able to at least increase base tax rate on the people most capable of paying it. And don't start in with that "punishing the 'job creators'" bullshit. More american jobs are lost in the interest of increasing revenue than because of any kind of taxes.

      --
      I got here through a series of tubes
    185. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      In 2008, the top 5% income-earners paid 58.72% (people making roughly $159,000 and higher a year) of all the income tax paid. The top 1% ($380,000+/year) paid 38% of all income tax. The idea that the rich aren't paying their fair share is another scare tactic used by the left to scare people into thinking the answer to every financial problem the US faces is to tax the wealthy.

    186. Re:Will it make a difference? by bennomatic · · Score: 1

      Canada, Germany, and the UK

      And Switzerland, Sweden, Norway, Finland... Socialism has, unfortunately, become a bad word, but European democratic socialism has been working very well for a fair number of first-world countries. Yes, the challenges are different, but as is implicit in your post, if the millionaires and billionaires are willing to pony up just a bit more, we can continue providing all sorts of reasonable services instead of reverting to the old west.

      --
      The CB App. What's your 20?
    187. Re:Will it make a difference? by Reverand+Dave · · Score: 1

      To be fair, no one in washington wants to raise taxes on wealthy americans because they are all wealthy americans.

      --
      I got here through a series of tubes
    188. Re:Will it make a difference? by Xyrus · · Score: 2

      And pay almost all of the taxes. Half of the people in the country pay no income taxes, and many are given a tax "rebate" (on taxes they never even paid!) as a form of redistribution.

      SS is not paid from income tax, and neither is MC. They are separately taxed. And while the 20% pay most of the income taxes, they use many loopholes and tricks (some more gray than others) to reduce their liabilities to below what it would be. The amount of revenue generated from taxes is far from what one would think just by looking at the tax brackets, both on a corporate and individual level.

      No, there isn't. What you mean is that you think there's plenty of economic activity that could be taxed in order to raise that revenue, and you think you know that further taxing the economy will grow the economy. A notion that has been proven wrong every time.

      Taxes don't just come from economic activity, and yes there is plenty, even in our craptastic economy. Also, if raising taxes is always detrimental to the economy, then explain how Clinton raised taxes and had huge economic growth? Or how Bush cut taxes and we still ended up in an economic pit? More than taxes determine the success or failure of growth during an economic time frame.

      They may not want to, but they already do. The people who really don't want to pay taxes are the people who don't want to start paying taxes, because they think only other people should do so. That would be half the people in the country.

      Nonsense. Everyone pays taxes. Income tax is only one part of the tax burden. But why does 47% of the country pay no income tax?

      Lets say someone is earning $20K. You're total income tax is $2575 leaving you with about $17,500 for the year to get by on. Now let's say someone is making $2,000,000 a year. You're total income tax is $677,314 leaving you with just under $1.4 million for the year. Which one of these two is going to have the hardest time keeping the lights on and a roof over their head?

      It's not so much about not wanting to pay taxes as not being able to. For that 47%, $2500 is a Big Fucking Deal. That's the difference between paying rent and being in the street. That's heating oil for the winter. You make it sound like that 47% are living in the lap of luxury and laughing all the way to the bank because they don't pay income tax. Most of that 47% are living paycheck to paycheck and are one unexpected expense or job loss away from being yet another welfare recipient.

      Greed on the left...

      Oh have they got you trained. Greed is not left or right. Greed isn't republican or democrat. Greed is the beating heart of capitalism and when left unchecked, you get what we have now. Right now you get to chose which greed you think is better, which is more than likely based upon your own greed. But don't kid yourself, it is still greed.

      --
      ~X~
    189. Re:Will it make a difference? by roman_mir · · Score: 1

      A guy with a nick like yours is going to talk about this issue with a straight face? :) Seriously?

      Anyway, we do know what happened when there was no SS and no Fed and no IRS and no FDIC and no FHA and no EPA and no FDA and no FAA and no Freddie/Fannie and no departments of education/agriculture/business/energy, etc.etc.

      USA economy was the fastest growing economy in the world. USA became the major creditor nation, came up with the most productive system and all sorts of people wanted to come to USA from everywhere to do business there, to work there, because USA had the least government.

      Why do you think people were coming to US in droves, for more government? Why do you think the 19 century made USA the powerhouse of productivity on this planet, the government? The government didn't even exist basically before 1913, when it found a way to start growing by creating the Fed and IRS.

    190. Re:Will it make a difference? by Xyrus · · Score: 1

      Two answers:

      1) All a balanced budget will do is ensure we don't take on a massive amount of long term debt, and help pay down the massive debt we already have. Most people consider that a good thing. A balanced budget amendment on the other hand could cause some complications.

      2) Yes there are, however politicians are mainly concerned with the effects on their constituencies despite their lip service otherwise. And there are also consequences to not raising taxes above and beyond not pissing people off. You can choose which consequences you like better.

      --
      ~X~
    191. Re:Will it make a difference? by hypergreatthing · · Score: 1

      Class warfare? It's not like the systematic destruction of the middle class over the past 30 years? Is that what you're referring to?

    192. Re:Will it make a difference? by Nimey · · Score: 1

      Point of order: the money you pay into SS isn't yours and never will be. It's for the people who need that money right now, with a bit put away for the future.

      I mean, when SS was instituted they didn't say "this is for when today's kids retire, you old folks who need the money now can starve, kthxbye". They made sure the old folks back then got enough to get by.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    193. Re:Will it make a difference? by Duradin · · Score: 1

      "Why do you think the 19 century made USA the powerhouse of productivity on this planet, the government?"

      Of course not, it was the (unregulated) industrial revolution with its child labor, robber barons, and Tammany Hall that made the US the powerhouse of productivity.

    194. Re:Will it make a difference? by Nimey · · Score: 2

      You, sir, are being willfully ignorant. Let me enlighten you:

      http://www.washingtonmonthly.com/political-animal/2011_06/those_who_wont_take_yes_for_an030606.php

      The Dems are the problem only inasmuch as they're spineless wimps who don't know how to negotiate.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    195. Re:Will it make a difference? by Nimey · · Score: 1

      Well, /no/. I've been saying it for years, but things are coming to a head so that it takes a blind man not to see it.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    196. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Cut military spending to the same rate as the next biggest military spender. There is no good reason to spend about as much as the combined military budget of the rest of the world. No need to hurt the elderly, poor or children.

    197. Re:Will it make a difference? by RazorSharp · · Score: 2

      What the fuck are you talking about? Do you think the Dems actually want to make cuts to Medicare and Social Security? Hell no! But that's the compromise they've put on the table. The only thing they're asking in return is to cut tax loopholes for the extremely wealthy and for corporations.

      If all we do is make cuts to the budget then the Dems haven't compromised, they've just submitted to the Republican agenda. If the Dems were to be uncompromising their position would be, "raise the debt ceiling, raise taxes, we'll do nothing else."

      --
      "From the depths of my skeptical and rationalist soul, I ask the Lord to protect me from California touchie-feeliedom."
    198. Re:Will it make a difference? by roman_mir · · Score: 1

      Oh, as if child labor was created by the eeveeeel capitalists.

      Yeah, because obviously children had happy childhood before the capital was saved and factories started their production. Obviously children were pulled out of their families by the evil rich person, who forced the people to stop being farmers/hunters and forced them into the factories.

      As to robber barons - at least somebody was thinking.

    199. Re:Will it make a difference? by Duradin · · Score: 1

      Lots of prime farmland and good hunting in those immigrant tenements.

    200. Re:Will it make a difference? by trum4n · · Score: 1

      Cite your sources. G.W.Bush got tons of shit for sending troops into the middle east. He got this shit because he declared war without congress, but they got approval before the time expired. He only got this approval by lying . Obama did not ever attempt to declare war. He did not invade another nation. All he did was provide air support and some funding for the UN as we agreed to when we joined the UN. The UN was founded to protect those who need our help. Now I understand, you couldn't give a rat's ass about another living being on this earth, but the US as a whole needs to. We agreed to when joining the UN, and we owe them for the help in the middle east for G.W.Bush's religious oil war.

    201. Re:Will it make a difference? by tendrousbeastie · · Score: 1

      Xyrus, I agree with you entirely on both points. Sensible and well reasoned answers.

      Makes me think I was posting in response to my own assumptions about you, whereas you are clearly informed and thoughtful and just happen to disagree with me.

      A question: a balanced budget proposal would presumably mandate against a budget surplus as well as a deficit? Also, would a balance budget proposal also involve debt reduction or are these treated as separate issues (i.e. would a balanced budget amendment imply a certain time period of budget surplus to pay off the debt before the budget is balanced)? (I'm a UK citizen so I'm not up with the full debate in the US).

    202. Re:Will it make a difference? by Rockoon · · Score: 1

      There is no middle class now? Thats not what the Democrats tell me.

      The facts are different than your claims. The Democrats keep saying that the middle class is being "eroded", yet the middle class is richer now than they were 30 years ago, with a higher standard of living, greater life expectancy, and so on.

      Educate yourself with the software and data-set of a world-renowned socio-economic guru.

      Stop listening to what the Democrats say, and start watching what they do. They appeal to your emotions in order to get you to dislike their opposition.. the problem is that the appeals are not honest. You've been told that before and had no trouble ignoring what people said in that case. Do the same for the Democrats. Stop listening and start watching.

      --
      "His name was James Damore."
    203. Re:Will it make a difference? by roman_mir · · Score: 1

      They came to US for the promise of freer land, didn't they? They got their freedom one way or another.

      The children worked across the globe forever until free market capitalism of 19 century USA provided a huge push in the amount of wealth (productive capacity, cheap goods and services, automation, movement away from agriculture and towards manufacturing) so that children actually stopped being used as labor, but there was no problem with so called 'child labor' before capitalism allowed children to stop having to work until a much later age. That's because the new wealth - products and services and 5% of farmers feeding 100% of population allowed people to pursue different careers, have more products at their disposal, have more leisure, and be pushed into higher education than any time before that. That's because the manufacturing jobs required a more educated work force.

      The fact that USA today has such huge issues with education come from th fact that US policies have pushed capital savings out of the country, pushed productive capacity - jobs in factories out of the country, which means the US doesn't need that many educated people and the people don't need to have very high education. It's basic economics - it creates incentives or it removes them.

      Gov't removed incentives to manufacture in US by destroying capital savings through social programs, regulations and taxes, so it pushed capital out of the country. The remaining citizens are not needed in the productive jobs anymore. Service sector and gov't jobs are not productive jobs, they don't create anything that can be exchanged for productive capacity of other people, who actually do produce/manufacture.

      So in reality this socialist agenda and huge government that pushed for it (just because it wanted the power) created monopolies in everything in US and other Western countries, destroyed private investment opportunities, caused capital flight, destroyed savings, removed the need for more education and is causing massive poverty, causing US to turn back in time and will cause actual child labor I suspect.

      I think that capitalism is the best tool that people invented to get out of poverty for everybody, and socialism is the regressive tool that people unfortunately vote for, because they want things for free provided by others, which causes poverty and destruction of economy and society by promoting huge governments and thus monopolies and empire building.

      So my view is - you want less child labor? Get rid of government that destroys free market.

    204. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      You do realize that Social Security is NOT a pension plan. Any excess money in Social Security is “barrowed” and rolled over into the general fund. So they are spending the money. When the amount paid in no longer creates an excess, what do they need to do? They need to “raise” money to pay back the IOUs. Only way government raises money is to tax people. So now the people are paying twice into the program.

      The government is the great savior of the land. A.k.a. “The road to hell is paved with good intentions.”

    205. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      They are all deeply in debt too.

    206. Re:Will it make a difference? by DriedClexler · · Score: 1

      I respect that principled stand of yours, but that frankly doesn't match the reasoning behind 99+% of people who support SS.

      --
      Information theory is life. The rest is just the KL divergence.
    207. Re:Will it make a difference? by icebrain · · Score: 1

      There's also been a change in attitude towards Social Security. It was originally intended as a last-ditch safety net to keep people who otherwise couldn't work due to old age or the sole breadwinner dying. It was never supposed to be some kind of guarantee that everyone could retire and live comfortably for a decade or more. But now, we (collectively) have latched on to this idea that we are entitled to this retirement, at someone else's expense if necessary.

      --
      The meek may inherit the earth, but the strong shall take the stars.
    208. Re:Will it make a difference? by DriedClexler · · Score: 1

      Social security is a pension plan where people pay into it their whole lives and get money back when they retire, how is that a pyramid scheme?

      It's a pyramid scheme because they don't save the money for you and pay it back to you later; rather, they spend it now on earlier "participants", and require getting more dupes/marks/suckers to join, just to honor the promise they made to you!

      For it not to be a pyramid scheme, they would have to take the money you give them, set up an investment fund, make the money grow, and then pay from that fund when you're older.

      To give a simplified picture, it would be like this: in your earning years, you give them money which they use to buy cows, sell the milk, and then use the proceeds to buy more cows. Then when you're old you have a herd of producing cows to serve you.

      What actually happens, and why it's a pyramid scheme, is this: they take your money and promise they'll get more suckers to join the scheme so they can pay you back. Then they hire a guard to watch a few charismatic dudes' farms (i.e., not yours).

      This goes on for a while, and when it's time to retire, you ask for your money, and they stare at you blankly, tremble a bit, and say, "Hey! Johnny-boy over there! Come here! Give this customer some of your milk. Why? Um, will get someone else to give you milk later..."

      --
      Information theory is life. The rest is just the KL divergence.
    209. Re:Will it make a difference? by Tepic++ · · Score: 1

      A mere 20% of the population controls the vast majority of wealth in this country

      And pay almost all of the taxes. Half of the people in the country pay no income taxes, and many are given a tax "rebate" (on taxes they never even paid!) as a form of redistribution.

      I think a healthier view is that 50% of the wealth should pay 50% of the taxes. I'd agree it would be much healthier if the top 20% didn't pay 50% of the taxes, but that means that 50% of the wealth should be owned by something that is a lot closer to 50% of the population. You'd have a society which has a much greater direct stake and control of the welfare of their country and there would be fewer social ills that come from large disparities of income.

      http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

    210. Re:Will it make a difference? by AlamedaStone · · Score: 1

      I didn't know those numbers, interesting stuff. Cleaning up the DEA is only a tiny portion of what I suggest though.

      There is a particular product used in every state of the Union, at every level of the socio-economic ladder, and in virtually all demographic groups. This product is readily accessible, totally unregulated, and has a domestic (some might say thriving) cottage industry. It is also sold by violent, criminal, foreign organizations in order to meet national demand. The Federal attitude is to pretend prohibition functions in any meaningful way - which it clearly does not.

      Instead, I think it should see dollar signs.

      --
      "All these years believing you're the signified monkey, only to find out you're just a big hunk of nobody cares."
    211. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Sure there's a fund. The yearly input and yearly output never match, and the population boom was known decades ago. The excess yearly input goes into the fund (well, it's invested as securities). This yearly excess is a fraction of the yearly total input/output, of course, but it does exist.

      You could tax everyone who makes over $200k/year at a rate of 100% (take all of their earnings - everything), and it would only pay for the deficit as it currently exists for part of the year.

      No. They wouldn't be able to pay the entire yearly budget (some $4.5 trillion), but they'd more than cover the deficit (less than $2 trillion. I'm not sure of the exact number any more, I would guess more like $1.6t since the earlier stimulus spending is over). Hell, they account for some 20% of all pre-tax income, don't they? Given that the GDP is around $15 trillion, that'd put them around $3 trillion. If we taxed them at a flat 60% or so, that alone would cover the deficit.

      I'm not suggesting actually doing that, I'm just saying that yes, the top few percent of incomes really do make a lot of money.

    212. Re:Will it make a difference? by Straif · · Score: 1

      Is 10 seconds of typing on Google really that hard for you to do or would exposure to real data cause such a disruption to your twisted reality that they don't let you have access to it at your 'institution'.

      The Afghanistan war was authorized under Public Law 107 - 40 - Authorization for Use of Military Force passed on Sept. 18, 2001. The war began October 7, 2001.

      Iraq was authorized under Public Law 107 - 243 - Authorization for Use of Military Force Against Iraq Resolution of 2002 on October 16, 2002. The war began March 30, 2003.

      Libya was authorized under, opps, sorry I don't have a congressional bill authorizing the President to dedicate troops to that war and no matter what flowery speech you or Obama try to hide behind, when your goal is the ouster of a sitting leader of an independent country through military action, that's generally considered a war. Even if you go by the original excuse of only blowing up Libyan government installations and military bases to defend the rebels, you are still actively attacking the official government while aiding armed revolutionaries; sorry, still a war. Of course if you think launching almost 100 tomahawk cruise missiles at a country you are not 'at war' with is just being neighborly then remind me never to let you anywhere near a weapon of any kind.

      As for the UN, you may want to look it up but the UN does not supersede the United States Congress when it comes to committing American forces into an active combat role. The Congress can use the UN as a reason or even an excuse to commit troops but the US Constitution still requires their consent.

      Now I personally don't have any issue with taking out Gaddafi, I personally think this should have been the stated goal on day 1, but then again I'm Canadian and our government sent our troops over there following our legal process. Obama, on the other hand decided to completely ignore that the US Constitution separates the powers of the various branches of government for a reason and decided that he didn't need anyone elses approval, despite what all the lawyers at the DOJ and State department said.

      I also find it funny that just because you happen to have a tingle up your leg for the current head of the executive branch you have no problem with him unilaterally committing US troops to killing Libyan's just because the UN asked nicely. I may not 'give a rat's ass about another living being on this earth' but I'd rather my government follow the proper chain of command before taking action that results in killing people half way across the world.

      --
      Of course that's just my opinion...... you could be wrong!
    213. Re:Will it make a difference? by roman_mir · · Score: 1

      Can you justify this in any way beyond a Marxist ideology, that people who are already making good money and likely are making better financial decisions than any government on this planet ever could for those people must pay into SS at all? Into a program they do not need?

    214. Re:Will it make a difference? by Nimey · · Score: 1

      I won't bother until you stop decrying people who disagree with you as Marxist, because it's obviously a waste of time.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    215. Re:Will it make a difference? by roman_mir · · Score: 1

      Social security is a pension plan

      - is it?

      What makes SS a pension plan exactly? There is no fund that people are putting the money into, there are no assets that are being accumulated and there is no interest that is accrued.

      So what makes a pension plan? A pension plan would mean that money is used to create an asset and grow a fund, but US government had to argue specifically that SS payments are not earmarked for any purpose:

      Helvering v. Davis, 301 U.S. 619 (1937), decided on the same day as Steward, upheld the program because "The proceeds of both [employee and employer] taxes are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked in any way". That is, the Social Security Tax was constitutional as a mere exercise of Congress's general taxation powers.

      IFF SS was an actual insurance plan (why would people want government to run it for them, is beyond me, people should know better that governments are not responsible with money and they answer to no one), but then it would have assets, there would have been savings, there would have been something behind the fund, something with value.

      As it is, it is a pyramid scam, because it is an income transfer program, which absolutely depends on current working population to pay for the benefits of the retirees. If the unemployment goes up by a factor of 2 right now, the SS taxes would have to go up significantly for the payments to continue, but even then it's not enough, because in year 2010 SS paid out more in benefits than it collected in taxes.

      You may want to listen to this:

      Charles Blahous (One of two public trustees for Social Security & Medicare)

      Andrew Biggs (Former principal deputy commissioner at the Social Security Administration )

      ---

      The only flaw with medicare/medicaid system is that it has not been paired with a rise in taxes. If you're going to provide medical coverage for a large group of people, they need to be taxed accordingly for the service provided (like every other sane country does). The solution isn't to get rid of the programs, since both are very useful programs, the solution is to actually pay for them with appropriate taxation.

      - 17 TRILLION. That's the amount that the retirees have gotten OUT of the SS that they did NOT put in.

      They didn't put that 17 Trillion into SS, but they got it out. There was no fund, so that money wasn't accrued as interest upon any contributions. It was totally transferred from the working individuals to the non-working ones. WHO is supposed to pay higher taxes to pay that back to those who paid it? I don't understand, can you raise the dead and make them WORK for the money they received and can you force the recipients today to start paying it back?

      WHY should FUTURE generations have to come up with that 17 Trillion they never saw? Why should anybody ever pay into a government program to transfer their income to people, who voted that program for themselves and transferred the costs to the future generations?

      What kind of a crooked ass system are you running here?

      The problem with the US right now isn't "big government", it's the idiot electorate that wants tons of services and doesn't want to pay for it, so they keep electing people who promise to be able to pull that off somehow (which of course they can't).

      - DUH. Obviously it's the bread and circuses voters who are the problem, and they are successfully used by the politicians to make government ever more powerful, to make sure no spending is ever cut.

      Do you for a second believe that ANY of the proposals - Democrat or Republican would actually CUT spending in US federal government?

      Ha! They call this 'cuts', when in reality what they do is they decrease the amount by which the spending is scheduled to increase. They don't take a number from last year and say: we are going to spend LESS next year. No no, th

    216. Re:Will it make a difference? by Sprouticus · · Score: 1

      You assume that equality is tax payment was the intent of the amendment to the constitution which enabled incomes to be collected to begin with, which is just not true. Look at the tax rates from inception of income tax to now. It has ALWAYS been graduated.

      WW II was primarily paid for by rich people. The tax rates went through the roof during that time. What happened to taxes during the last 2 wars? they went DOWN. Of course debt was going to skyrocket!!

      Lastly, you assume that high taxes on the rich hurts GDP. This is also not true

      http://www.slate.com/id/2245781/

    217. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      GWB spent way too much money, IMHO, taking the deficit from ~6.2 Trillion up to ~10.4: a raise of ~4.2 Trillion in 8 years. Obama has spent enough to take the deficit from ~10.4 Trillion to hit the debt ceiling at ~14.3 Trillion: a raise of ~3.9 Trillion in under 3 years.

      Yeah, Bush spent too much but Obama looks like a 19 year old college girl with a new credit card going shoe shopping!

    218. Re:Will it make a difference? by trum4n · · Score: 1

      How many of our troops our on Lybian soil? Thought so. NONE. There is no process required to assist the UN.

    219. Re:Will it make a difference? by dpilot · · Score: 1

      The first major chunks of that Obama deficit were:
      1 - The bailouts, started under GWB
      2 - Putting both wars on the books, said wars being started under GWB.

      The only "shoe shopping" Obama has done was the economic stimulus package, not all of which has been spent anyway, and was a trifle compared to #1 and #2. Obama-care, last I heard from the Congressional Budget Office, was going to save money.

      --
      The living have better things to do than to continue hating the dead.
    220. Re:Will it make a difference? by iceaxe · · Score: 1

      The less you earn, the more you benefit from the programs paid for by those taxes, in theory.

      The math doesn't really work out for taxing the low income segments more, but it does work out for taxing the higher incomes more, provided you use the increased revenue to benefit those at the low end, as opposed to using it to line the pockets of wealthy government contractors.

      Of course, those at the high end don't reap direct benefits, and therefore tend to oppose such things.

      It can be really tricky to work out the optimal ratio of taxation and assistance expenditure to maximize the benefit for the majority of people, either directly or indirectly. At one end you have the dysfunction of centrally controlled economies (USSR, for example), and at the other end you have the dysfunction of anarchy (Somalia, Yemen).

      Most functional governments try to strike a good balance, but there are always people who think they could personally benefit if their country's system was skewed one way or the other, so it's a tug of war between selfish extremists, with the fate of the majority in the balance.

      Also, people tend not to take into account the indirect benefits they reap (such as contracts that can be enforced, stable economic climate, law and order, availability of well trained and healthy labor force, peace) when they count up the value they receive for their tax money. Even rich people can be short-sighted.

      Lastly, in "functioning democracies", the people tend to elect the jackasses that tell them what they want to hear.

      So, it's a mess.

      --
      WALSTIB!
    221. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      I'm not sure where you're getting your data from, but taxfoundation.org put together a nice paper that outlines the tax trends according to the IRS between 1980-2008 (Since 2011 taxes haven't been submitted yet, it's hard to say who pays what in taxes this year and I can understand that gathering all of this info into nice tables as they have done takes some time. The 2010 tax info is available at irs.gov, but it's not in pretty tables like it is here.)

      The data shows that over time the top 5% has been paying a higher and higher percentage of taxes as time has been marching on (Table 6)(1981: ~35%; 1987:~43%; 2008: ~59%). Evidently comparing 1981 data with data after 1986 doesn't work very well since the 1986 Tax reform act changed a few things, but you can still get the basic idea. From the data, it seems it doesn't matter who was in office either - though there was a slight dip in 2001(~53%) when Bush took office, of course, only to rise to a peak in 2007(~61%). Though it seems that the slight fluctuations may have some bearing on the fact that there were some fluctuations in pay especially for those in the 5% and higher income earners (Table 7).

      Anyway, in general, it seems the rich (top 5% as you've defined) are paying more and more in taxes and not less... Now let's take a look at our out of control spending (and ok, let's also take away those tax breaks from the top 0.1% of income earners who who actually pay less in taxes because most of their income is due to capital gains)...

    222. Re:Will it make a difference? by roman_mir · · Score: 1

      My question is how do you justify this, and nothing comes to mind except for Marxist ideology. Is there a way to justify it?

      Roosevelt couldn't justify it certainly, he didn't want SS to be seen as income transfer, though it was never funded by anything except for income transfer from the working to the current beneficiaries, so when SS started people who ran their own businesses and self employed weren't paying this tax.

      How do you justify saying that people who can take care of themselves clearly must be forced to participate in this program, which was established from the start as a supposed 'pension plan', though it never had a fund and gov't argued that SS taxes were never earmarked for anything, and that SS taxes were legal only due to general power of Congress to tax.

      So my question does not call you a Marxist (never mind what I think, but I didn't call you that,) my question is about justification. Why should Bill Gates ever be asked to pay a single penny into that program? What, he is not smart enough to keep his money and insure his retirement better than any government official would? Are government officials that much smarter and better with money than Gates?

      Buffet?

      Jim Rogers?

      Are they smarter than any average businessman or a woman who run their own businesses? Why shouldn't a person be allowed to opt out of this fraudulent program, for the like of which Madoff is now in jail?

    223. Re:Will it make a difference? by Straif · · Score: 1

      Even under the loosest reading of the US constitution military action still requires consent from Congress, whether the UN is involved or not. The UN simply gives international cover to an argument for attacking Libya but does not override any member nations requirements for domestic authorization. Member states routinely refuse to commit troops to various UN actions all over the world based on their own domestic policy because the UN itself doesn't have the authority to order them to take part.

      Even under the War Powers Act Obama's own limited authority to commit military personnel expired in June and even that the WPA was adequate cover for his actions was an argument many of the Federal government's own lawyers rejected.

      Simply put, Obama's entire legal argument for continued US actions in Libya, and I am not making this up, is that firing missiles from drones at targets within a sovereign nation does not constitute 'hostilities'.

      --
      Of course that's just my opinion...... you could be wrong!
    224. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Social Security and Medicare (which you probably have a family member collecting on right now)?

      Yes.

      The military?

      Yes.

      Food stamps?

      Yes.

      Unemployment insurance?

      Yes.

      Section 8 housing?

      Yes.

      Public schools for your kids?

      Yes.

      Environmental protection that keeps nearby businesses from making your home unlivable?

      Yes.

      OSHA or MSHA, which reduce dramatically your chance of death or injury on the job?

      Yes.

      Highways?

      Yes.

    225. Re:Will it make a difference? by Nimey · · Score: 1

      Again, telling you anything is a waste of time if you really value wealthy people having all their money they "earned" more than poor people being able to get food, medical care, and a place to live.

      Your position is extremist and a departure from status quo, therefore you can do the justifying.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    226. Re:Will it make a difference? by Nyder · · Score: 1

      .... Get rid of social security and watch how fast it plunges the US into mass poverty as the elderly suddenly can't pay any of their bills.

      No, they cut of SS, then they've already cut welfare and disablity off. What you are going to get an a big increase in crime, and a lot of pissed off people with nothing better to do.

      And the poor already out number the rich, by huge amounts. You want to risk walking down the street when there's going to be pissed off people who feel they having nothing to lose anymore?

      Shit, even in jail they'd get fed and shelter, so even getting caught for crimes would be better.

      You don't hold the poor, the elderly, and the disabled as hostages (bargaining chips), because it pisses off the masses. And yes, the masses are made of that poor. And the poor peeps parents are getting SS, which you just cut off.

      If they are this stupid, i can't wait to see what August 7th is like, after almost a week of rioting.

      --
      Be seeing you...
    227. Re:Will it make a difference? by roman_mir · · Score: 1

      So you don't actually have anything to say to justify your position, which even Roosevelt was not going to justify when he introduced SS?

      Here, let me help you:

      Year Rate Self-Employed Rate
      1940 2% Not applicable
      1950 3% Not applicable
      1960 6% 4.5%
      1970 8.4% 6.3%
      1980 10.16% 7.05%
      1990 12.4% 12.4%
      2000 12.4% 12.4%
      2010 12.4% 12.4%

      Notice how in 40s and 50s the rate for self-employed individuals was "Not Applicable"? Notice how the rate grew over time and then forced the self-employed individuals into the program as well?

      Roosevelt didn't want to make the argument then, but he didn't want to make the argument because he didn't believe it would work, or maybe he genuinely didn't believe in this type of a system, which taxed people for "pension fund", which they clearly didn't need.

      You on the other hand want to tax people who clearly do not need this pension fund to pay pensions to others, who already got more in benefits than they ever paid into them.

      This is a pyramid scam, where people who got in early paid basically nothing and got their retirements paid for by the later comers, but the people today are the real suckers, paying the highest tax rate, which will go higher if SS is not abolished and will get nothing out of it but inflation.

      The kids won't have this problem, they won't pay. They either will have no jobs to pay taxes or they'll just skip US entirely. The question is what the generations who are paying today will do? Will they continue paying the ever increasing tax and continue transfer of their income to those, who already got a great deal out of the program or will they also stop paying?

      -

      Still, you cannot come up with an answer to justify your position. What is your justification for taxing the rich for a pension fund that they don't need, can't use and will only be losing money on, as they clearly can use the money better themselves than any government worker ever could?

      Also: the status quo is wrong.

    228. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Just defense spending.

    229. Re:Will it make a difference? by Nimey · · Score: 1

      So in summary, "wharrgarbl let the poor people starve because I'm a selfish dick and I don't understand what a pyramid scheme really is but I've got a nice slogan".

      Yeah, I'm convinced.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    230. Re:Will it make a difference? by Eli+Gottlieb · · Score: 1

      It's funny how supposedly the bottom half of the country pays no income taxes, but when I was a student and was lucky to get $10,000/year taxable income, I paid income taxes like any good citizen. Care to teach me which tax-breaks I was missing?

    231. Re:Will it make a difference? by Rational+Thought · · Score: 1

      People seem to want social security because they've paid into it their entire lives without having an alternative of opting out. Personally, I want social security - as a concept, not my social security - because I want to feel like I live in a civilized country. Not because of any money I may have paid into it so far.

      That is nice. Personally, I don't want Social Security - not because I believe there will be nothing left when I am old, but because, I am MORE than capable of planning for my own retirement and taking care of myself. I don't want to be so helpless that I am dependent on others, because than I would not be Free. I don't want to become a slave to the government, just so I can continue to get a check in the mail.

    232. Re:Will it make a difference? by jonwil · · Score: 1

      Things that should be cut:
      Subsidies for all kinds of vested interests and industries including the coal industry, the big agribusiness companies and giant factory farms, the airline industry, the oil companies, the telcos and others
      Various military projects that are over budget and/or unnecessary (they are talking about cutting the James Webb Space Telescope because of budget blowouts but there are military projects that are worse that should be cut or scaled back)

    233. Re:Will it make a difference? by Rational+Thought · · Score: 1

      Yes. On the other hand, people seem to want things like Social Security and Medicare, so a rational decision would be to raise taxes to pay for those things people want, and to reduce spending on things people don't want, such as unfunded wars to build friendly nations.

      No, Common Sense says if you want something, you have to pay for it (offer something of value in return). If you don't want something you shouldn't be forced to pay for it.

      By that logic, Social Security and Medicare should be opt-in programs. As for the wars, well, I am with you on that. Stop messing with Afghanistan, Iraq, Egypt, & Libya: we have no reason to be there. Enough with the US acting as the World's Police Force. They will never learn to take care of themselves with us holding their hands indefinitely. Besides, you could always join the Peace Corps or volunteer your own time and money if you felt that strongly about helping others.

    234. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      You CAN opt out of it in Texas. They have a state version that actually works.
      More examples of things that the Federal Government should not be involved in....

    235. Re:Will it make a difference? by Avin22 · · Score: 2

      "Interesting that you thing that... because I don't see either side willing to compromise." I strongly disagree. The Democrats have changed their bargaining position significantly since this whole debate came up. Their initial stance was to raise the debt limit without any change in budget, just like we have just about every other time. Now, they are pushing for plans that include around 2 trillion in spending cuts and between 0 and 1 trillion in revenue increases. Considering democrats typically oppose spending cuts, that's a pretty generous position. The Republicans (or at least most of them), on the other hand, have refused to even consider revenue increases, demand we make trillions in spending cuts, and are refusing to raise the debt ceiling until we do.

    236. Re:Will it make a difference? by cavebison · · Score: 1

      People seem to want social security because they've paid into it their entire lives without having an alternative of opting out.

      You will have to back that reasoning up. It's possible they "want it" because it's not working as it is. Without private cover, it's hard to get many treatments. People would be happy to pay for it if it worked.

      If you break something people pay their taxes for, of course they'll start to question the value of paying for it. Make it work, and they'll be happy to pay for it.

    237. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Thus, the Tea Party......

    238. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      While the top rate was above 70%, there were piles of tax deductions... just about everything was deductible... so your real tax rate was considerably less. Does anybody really think it's fair for ANYONE to pay over 70% of their income to the Federal Government (and then take what's left and send it to the State Government, Local Government, and various hundreds of taxes and fees.)??? What would be left? I think we have a spending problem, and making "rich people" give all their earnings to the Government to feed it, is not the answer.

    239. Re:Will it make a difference? by randyleepublic · · Score: 0

      The motherfucking military! Hells yes! Cut it in to about 1/5 of what we spend now. What a fucking nightmare!

      --
      Social Credit would solve everything...
    240. Re:Will it make a difference? by roman_mir · · Score: 1

      Convinced of what?

      What is the justification to force ones who don't need this into the program?

      And it's not the rich, who are suffering due to the SS contributions, it's the current working people, who because of SS will have no savings of their own and by the time they are old, there will be no SS and if it will exist, that would mean that US dollar buys nothing at all, because nobody will be paying into it, without jobs it's impossible, it will be the Fed printing checks in worthless Zimbabwe style USD.

      But again, what can possibly be the justification to force those, who do not need this clearly, and weren't paying into this from the time of inception, to have to contribute into it? It's clear that they don't need it and won't have a use for the destroyed currency by the time they are old? What is the justification? You are not-convinced of something, I didn't hear a word of justification beyond "poor starve", and this is not a justification to force anybody to pay into SS, because SS was SOLD to the US public as if it was a fund, though it never was.

      The correct thing to do is to abolish SS now (and Medicare and all other government programs and departments and wars) and let the economy to fix itself privately, because the poor get much richer in wealthy economy but in the economy destroyed by government intervention they only get poorer every day, never mind the SS checks.

    241. Re:Will it make a difference? by roman_mir · · Score: 1

      No way you'll have population growth that would do anything to improve the SS pyramid just by reforming immigration because without reform of government spending the economy of US will continue to deteriorate and you will quickly find that few people want to come as immigrants to a country that has bad economy, people will go to Asia and South America or Australia first.

    242. Re:Will it make a difference? by roman_mir · · Score: 1

      T-bills are rated as safe, but they are not safe and haven't been since 1971.

      Also there was never any trust fund, US gov't had to go to court and prove to SCOTUS that SS taxes were not earmarked in any way:

      Helvering v. Davis, 301 U.S. 619 (1937), decided on the same day as Steward, upheld the program because "The proceeds of both [employee and employer] taxes are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked in any way". That is, the Social Security Tax was constitutional as a mere exercise of Congress's general taxation powers.

      It was only legal under general power of Congress to tax, so it could not have a trust fund and it never did have a trust fund.

      Interview with

      Charles Blahous (One of two public trustees for Social Security & Medicare)

      and

      Andrew Biggs (Former principal deputy commissioner at the Social Security Administration )

      T-Bills are not an investment, that's a huge misconception on your part. They have to be sold to somebody and interest has to be paid on them and principal also has to be paid back, so who is supposed to do that? And why would anybody continue buying and rolling over US T-bills? The Fed is busy doing that, but Fed prints money - inflation tax you never voted for, to do this.

      Since the moment of inception SS payouts have exceeded SS contributions by 17 TRILLION dollars, which means that the people who are now dead and those who have been on that program for a couple of decades by now got an EXCELLENT return on that non-investment.

      Indeed, people who came into SS early only had to pay for a couple of years into it, but were getting decades worth of checks out of it. The so called surplus is no such thing, because SS taxes were never earmarked, so it's a general tax, just a tax, not a fund. The money was spent by government, recklessly, which is the opposite of how it was sold to the public.

      It was sold to the public with a notion that gov't is for some weird reason better at handling money than an average Joe is. In the forties/fifties the self-employed and the high earners (earning over 3 times the national average salary) didn't have to pay into it, because it was sold under the notion that it was some sort of a fund, though it never was. So forcing those, who clearly can take care of themselves into this insane program was going to show the true colors of this program early on.

      First they had to get the camel's nose under the tent, with low tax rates and limited participation, then they used the ever increasing political power and bread/circuses voting block to push for more and more participation and because it's a pyramid scam the taxes eventually grew to be OVER SEVEN TIMES as high as they were originally.

      SEVEN TIMES AS HIGH.

      To sustain the continuation of this program within the next 10 years, the taxes must be doubled! The people who are paying into this today will see nothing out of it in USA. What's the reason that they should continue paying? They will not see anything out of it. Either there will be no jobs due to these very programs and large government in USA, and nobody will have a job to pay these taxes (and why should they work in economy visible to IRS?) or there will be SS checks coming but the USD will be worth nothing - Zimbabwe style inflation and no nation will want to continue subsidizing the US consumer the way China is doing today, so no goods will be bought with those dollars and US has no manufacturing capacity to supply its population and none is going to come on line with the thieves in the government regulating and taxing and subsidizing.

      No no, SS and Medicare and Wars must be abolished now, US government spending needs to be cut by 99% and 99% of US government sector needs to be fired for economy to start healing.

    243. Re:Will it make a difference? by ticktickboom · · Score: 0

      what would you do? pay down the national debt?
      sounds nice, but what it would do is increase the value of dollars in circulation, and decrease the amount of them. when the debt is totally paid off there will only be 1 dollar left. this is a debt based economy. learn about it.
      the govt spending, in some cases, is rather absurd. in most cases, its needed. lately tho, too many people are making loans on the govts behalf.
      but then again, it matters not what we do, it matters the song and dance they give us. thier going to rewrite this constitution in a hurry. woops, it needs to be ammended now. so their gonna have to rewrite it again and again, each time adding something else and changing something else. i cant wait till they put fences up around the cities, you know, too keep out the homeless, tho the barbed wire will be facing in....

    244. Re:Will it make a difference? by maxume · · Score: 1

      The current maximum benefit is $38316 (earn high, retire in 2011 at 70):

      http://www.ssa.gov/oact/cola/examplemax.html

      How does raising the taxable limit by $12,000 (about 10%, cap is $106,800 this year) translate into more than a $4,000 (about 10%) increase in the benefit?

      --
      Nerd rage is the funniest rage.
    245. Re:Will it make a difference? by anyGould · · Score: 1

      And increasing the debt ceiling only gives the addict a little more dope. It doesn't prevent the inevitable reckoning that we are on the verge of. The government has maxed out every credit card they have. The Federal government is broke and they want another credit card.

      This isn't technically true yet - there's been no indications that the US would be unable to get more credit. (This may change once they default on Tuesday.)

      What's going on is the equivalent of your household saying "I'm not going to go more than $10,000 into debt". The bank will happily extend you a loan or line of credit or mortgage beyond that point; you're just choosing not to exercise that option.

      This is good, so far as it goes. The problem is that you've *also* kept reducing your income *and* increasing your spending, so you've hit the point where you either have to (a) get a better job, (b) stop taking so many expensive vacations, or (c) accept that you need to call the bank.

    246. Re:Will it make a difference? by rhalstead · · Score: 1

      Yet although they want them, they overwhelmingly do not want taxes raised. Entitlements have to be lowered or eliminated although that will have to be done over time and slowly. The big problem with SS is they changed it from it's original scope to cover all workers, making it into a giant Ponzi scheme. IOW it only would work as long as there were enough *new* participants to pay for those who were retiring. Many of us were suckered into planning our retirements with that SS check in mind. It's not enough to retire on by itself, but meant you didn't have to lay away/invest as much. All of us, or at least most would have been far better off had that money went into the market. The market would have been much more healthy and we would have had a lot more money. "It's possible" t he economy would not be in the mess it's in now even with the housing slump which might not have existed. Of course that was brought on by the govt requiring loan institutions no make ability to pay a requirement for a housing loan. But at-any-rate, with millions of workers planned their retirements with SS being a part of it, Just removing SS would create a disaster. OTOH slowly phasing it out, or at least back to what it was originally would save a lot and keep the program solvent. A couple nights ago, CNN was saying that the people wanted the tax hikes yet they ignored their own poll where a substantial majority said they did NOT want tax hikes.

    247. Re:Will it make a difference? by CtownNighrider · · Score: 1

      Dept. of Homeland Security. I know it's only like 50 billion but you wanted something that could be cut.

    248. Re:Will it make a difference? by rhalstead · · Score: 1

      SS is not simply, you pay in and get your money back when you retire. You pay a percentage of what you make into a fund. Based on what you paid in over your highest 35 years averaged and multiplied by a formula (that changes) you come up with your SS payments. Typically most will take out substantially more than what they put in. So it takes more people paying in than taking out, but we don't have that happening. Add to that, the govt TOOK the money from the SS fund and spent it for other things. About the only thing left in the SS fund are a bunch of IOUs so they have to pull the money from the general fund to cash in the IOUs. One answer is to raise the retirement age. That will both delay taking out the money and shorten the time the money is taken out. Had the money been invested in the market which has had a historical average gain between 10 and 11% per year rather than setting in an account that had to be administered which cost money (IE lost value) most of us would be millionaires and the account would be overflowing. Using the rule of 76, at 10% average your money would have doubled roughly every 7 years and over 35 years it would have doubled 5 times. Just the first 4,000 would have been worth roughly $128,000 but one year later the second 4,000 would have also doubled to put you at 256,000 plus. Actually just the money in the first 5 years would have made you a millionaire by retirement. Just look up Social Security on Google. SS was *BASED* on the premise that the work force would continue to grow and it was based on an average life span far less than what is now average. For those born in 1940 and into retirement now, the average lifespan for a white male was 62.1 and female was 66.6. The expected life span of those now entering, or hoping to enter the work force are (born in 1990) was 72.7 and 79.4. So we have more people drawing more from an account, living considerably longer than what the system was based on, and with far fewer paying into the system than was planned.

    249. Re:Will it make a difference? by rhalstead · · Score: 1

      You are correct in that this is not a problem unique to the Democrats which has made the Republicans some what hypocritical. They were once the party for small government, only the influence of the Tea Partiers saying enough is enough have they returned (most likely some what reluctant ) to the original stance. Still, the current administration has spend more and put us farther in debt than all other administrations combined. So they have carried it to quite an extreme.

    250. Re:Will it make a difference? by dpilot · · Score: 1

      Your last 2 sentences are also true of both Reagan and GWB administrations. I commented earlier on this thread about many/most of Obama's expenses being "inherited" - 2 wars that were "off the books" that he finally put on proper accounting, the bank bailouts, and Medicare Part D. I'll agree that the stimulus was all his, though if I understand correctly, it hasn't all been spent. From what I've read, ObamaCare is either neutral or saves money, according to the Congressional Budget Office.

      The real problem is revenue. In the past half-century or so, the government has run on 19-20% of GDP. Right now it's trying to run on 15% of GDP, and isn't making it. There's been this big fight over the top tax bracket. Right now the top tax bracket is at the 3rd lowest in US history. The only 2 times it was lower were right before the Great Depression, and briefly during Regan's administration. (Reagan himself had that rate raised shortly after.) As a gross exaggeration, when the Democrats spend, they spend money - and when the Republicans spend, they spend revenue - in the form of tax cuts. Both tend to be self perpetuating, but the fervor right now strongly favors "Republican spending" over "Democratic spending", even though both are simply that - spending.

      --
      The living have better things to do than to continue hating the dead.
    251. Re:Will it make a difference? by Anonymous Coward · · Score: 0

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    252. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      Think of the things that have changed in the last few years. This is just to name a few:

      Cost of transporation ( since when was diesel more costly than unleaded) freight goes up so does the things we buy and home heating etc.

      Wall-Street crash yet big business comes through somewhat untouched.

      Loss of jobs that are not replaced or business is unwilling to take chances on the workers

      President needs to help the people/business with no funds due to what? The money was all used during the last GOP President that never placed such funds into the budget, eg. wild spending with no thought/care of what the end resolute would be. Cascade effect. This is only 1/100 of what has gone wrong since the Clinton/Bush days.

    253. Re:Will it make a difference? by Anonymous Coward · · Score: 0

      If we keep spending at the rate we are, it'll be a much faster decline.

      Only if we don't tax enough to cover the cost of the spending. Plenty of countries have governments that spend far more than the US, but they make up for it by taxing more. And I'm not talking about Third World countries, I'm talking about places like Canada, Germany, and the UK.

      Another thing that I've noticed regularly in discussions of federal government budgets is that it's much easier to rail against "spending" than it is to pick out what would actually be cut. So what spending would you get rid of? Social Security and Medicare (which you probably have a family member collecting on right now)? The military? Food stamps? Unemployment insurance? Section 8 housing? Public schools for your kids? Environmental protection that keeps nearby businesses from making your home unlivable? OSHA or MSHA, which reduce dramatically your chance of death or injury on the job? Highways?

      I wouldn't have a problem with some of these programs (Section 8 housing and food stamps) if I didn't know specific examples of people who say things like "what kind of steak do you like? filet mignon? ok I got you a couple for dinner, and "I'm eatin up this $25 a month rent, I would rather have my big screen TV than go try to work to pay for my own housing. Why should I have to pay extra for air conditioning, it's not real money anyway. It's just digital money that they move around" Spoken from a boyfriend to a young unwed mother who's not working and has no intention of working so they can keep living on the $25 monthly rent and food stamps. Yeah, I have a problem with that. And that is the boyfriend of a family member. If the taxpayers really saw how that works, we should all be angry at it.

  4. too big to fail? by C0R1D4N · · Score: 5, Interesting

    Our system of government was not setup for this large of a population. When the countru was founded there were many who thought the constittuent:representative ratio was too high and it is faaaar worse now. It is time to dissolve the union and form 50 new nations.

    1. Re:too big to fail? by Nimey · · Score: 4, Insightful

      Or, just maybe, we could not be extremists and try to rejigger the system to bring it back into balance.

      Nah, destroy it all. What could possibly go wrong?

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    2. Re:too big to fail? by Danathar · · Score: 2, Interesting

      Actually, you are almost right. Our system of government where most of the power has been transferred to a central authority away from the states is what does not scale.

      Originally the system was designed with Federalism that distributed power. That is almost entirely gone now with nearly all power residing in D.C.

      Repeal the 17th Amendment (let states decide for themselves if they want to elect Senators by popular vote in their states, many will do so on their own and some will not)

      Get rid of the Federal Reserve system. Competitive banking instead of a monopoly cartel where the same commercial banks who in many circumstances have their CEO's running Federal Reserve regional banks that control the money.

      I have no problem with some states being progressive and others being conservative so long as basic negative natural rights are respected and protected by a Federal Authority who's power is primarily that of protecting those rights and common defense.

      I'm not insane for wanting what Jefferson and Madison wanted and designed instead of what Alexander Hamilton and John Adams thought would be cool (American Empire)

    3. Re:too big to fail? by C0R1D4N · · Score: 2

      Only way to fix it would require thousands not hundreds of represntatives as well as congressional term limits. Neither of which will ever happen. You may think my opionion to be more extreme but sadly it is the more realistic solution.

    4. Re:too big to fail? by Anonymous Coward · · Score: 0

      I totally disagree. Because of the way districts are set up, most districts are either quite liberal or very conservative. In any given election, there are usually about 10% of districts that are actually contested. Sure, there may be a candidate from parties on the ballot, but one in most instances the demographics of the district preclude one of the two major parties from having much of a chance of winning. The result tends to keep close to equal amounts of Democrats and Republicans in Congress at any given time. However, because the districts are drawn up to be so one-sided, there's a lot of far right or far left representatives and senators who get elected. Instead of leading to a balance, it's resulted in a very polarized Congress. The polarity and the inability to compromise without angering too many constituents is a large reason why the debt ceiling debate is going down to the wire. If districts are made smaller, it will do nothing to reduce the polarity. Congresspeople will represent a smaller number of constituents, probably even more like-minded than in present districts, and the polarity will grow stronger. We don't need more representatives. It will make the problem worse than it is now.

    5. Re:too big to fail? by trum4n · · Score: 1, Interesting

      Congress should go away. Direct Democracy via the internet. Secure connection to vote with your issued ID as a smartcard style authentication. And before you bash, you know it would work better than the current shitstorm.

    6. Re:too big to fail? by goldspider · · Score: 1

      Of course, that's how federalism is supposed to work in the first place. The problem is that the states have abdicated so much of their authority to the federal government for $$.

      I'm pretty sure that the founding fathers never envisioned the states selling their power to the federal government like they have.

      --
      "Ask not what your country can do for you." --John F. Kennedy
    7. Re:too big to fail? by Anonymous Coward · · Score: 0

      I disagree with this. In that system, who is going to draft up laws? Who will hold the executive branch accountable through impeachment? We expect Congress to take the time to be educated about the issues, which takes a lot of time. The American people generally don't understand the issues, nor are many of them interested in taking the time to be educated. Handing more power to these people is more dangerous than allowing them to vote and elect (hopefully) educated representatives.

    8. Re:too big to fail? by trum4n · · Score: 1

      The problem is you can't vote for a Representative or President. As Lewis Black put it, you get to choose from two "bowls of shit, the only difference is the smell." You don't pick who you get to pick from. Also, i rather have uneducated than smart and corrupt. Third: Impeachment? You're worried about the EXECUTIVE BRANCH? Congress caused ALL OF THIS. ALL OF IT. No one else was involved in anything but rhetoric. Where do i vote to have Congress flushed like a toilet. Frankly it needs it, same reason too.

    9. Re:too big to fail? by Anonymous Coward · · Score: 0

      Zbigniew, is that you?

    10. Re:too big to fail? by Anonymous Coward · · Score: 0

      You should try reading the Federalist papers? It's arguments for the current system is more convincing than your retarded "50 new nation" suggestion.
      http://www.constitution.org/fed/federa00.htm

    11. Re:too big to fail? by Anonymous Coward · · Score: 0

      I'm in favor of preserving the checks and balances provided by the Constitution. Impeachment is one way of regulating the judicial and executive branches of the government.

      I don't consider the current issue to be a failure of the Obama administration. My comments were more general than focusing on the debt ceiling issue. I agree that the current impasse is a congressional failure.

      The solution isn't to abolish Congress. Rather, the solution is to give states the power to recall senators and representatives. The power to recall members of the legislative branch exists at the state level in some states. For example, an amendment could require a supermajority (2/3) vote by the state legislature and a governor's signature to remove a senator or representative. After that, the state legislature can appoint a temporary representative until a popular vote can be taken to appoint a replacement.

    12. Re:too big to fail? by Anonymous Coward · · Score: 0

      Our system of government was not setup for this large of a population. When the countru was founded there were many who thought the constittuent:representative ratio was too high and it is faaaar worse now. It is time to dissolve the union and form 50 new nations.

      Part of what many this is the problem is that federalism is waning, and centralism is rising.

      Take universal health care: the problem that many old school conservatives have is not the thing itself, but rather that it's the Feds implementing it. If a state wants to implement it, then fine, but the US Constitution gives "residual" powers to the state. So, since health care hasn't been given to the Feds through some kind of amendment, it defaults to the states. Similarly for education.

      Now the "neo" conservatives and Tea Partiers may be a different breed than the old school, "paleo" (?) conservatives of years gone by, but the general sentiment is the same: the US was built around on the concept of federalism, and the Feds should stick with those things that were/are assigned to it via the Constitution and various amendments, and the states should handle everything else (either explicitly or implicitly assigned to them).

      I think that is the underlying philosophical difference that's causing a lot of confusion.

    13. Re:too big to fail? by Fractal+Dice · · Score: 1

      The population of the planet isn't going to decrease just by breaking up large countries. You'd be replacing the problems with democracy amongst large groups of people with the problems of diplomacy.between large groups of peoples.

    14. Re:too big to fail? by gaelfx · · Score: 1

      Isn't competitive banking causing just as many problems for the "average citizen" as the disorganization of the government is causing for itself? Or have I been misunderstanding the news as of late?

    15. Re:too big to fail? by trum4n · · Score: 1

      So what you're saying is: A corrupt person is decided to be to publicly corrupt, and his corrupt buddies are the only ones that can remove him? When's the last time that happened? I try to not sound like a crazy person, but its all i can muster with the anger politics fills me with. These people are gambling with OUR lives. None of them lose a dime when the economy collapses. Not one of them gives a shit about us. It is beyond frustrating. It's like using OSX.

    16. Re:too big to fail? by Machtyn · · Score: 1

      We should split California into two or three states: West New Mexico, South California, and North California. We could probably split New York into New York and ... Syracuse? Texas and Florida could also be split. Let's give it a number, any state that reaches 15million in population is divided. After Florida, IL, PA, and OH are next from 11.5 - 12.5 million population. (reference using 2010 census numbers)

    17. Re:too big to fail? by BetterSense · · Score: 1

      Repeal the 17th Amendment (let states decide for themselves if they want to elect Senators by popular vote in their states, many will do so on their own and some will not)


      Who is going to do that? What political structure could ever effect that change? Answer: None, because there is no benefit in that for any of powers that could possibly change it.

      <quote><p>Get rid of the Federal Reserve system. Competitive banking instead of a monopoly cartel where the same commercial banks who in many circumstances have their CEO's running Federal Reserve regional banks that control the money.</p></quote>

      Again, who is going to do this? Everyone on the government side of the fence, who could change this, would never do so, because it's a conflict of interest. It would be like a corporation taking steps to increase its competition. It takes a special, ideological, principled kind of person to go into government to reduce the power of government. Any time someone tries, he gets laughed out as unelectable (see: Ron Paul 2008).

      We basically are in a conflict between The People (common rights of man) and The State (divine right of kings). The People have essentially no tools with which to increase their own power and influence. There is the oft-mentioned 3-boxes: The jury box rarely functions as designed because ignorant, public-educated people don't exercise it. The ballot box does not function as designed due to an inefficient voting system, which has been socially usurped as anyone can see and is no longer functioning to empower The People. The ammunition box is the only one left, and that doesn't seem to be doing us much good right now, and it's unlikely to do so either. It's unlikely that the same ignorant populous that fails to exercise the Jury and Ballot box would ever do any better with the ammunition box.
    18. Re:too big to fail? by GameboyRMH · · Score: 2

      Check this out, I was discussing a similar idea with some other guys a couple of years ago, if you put all our ideas together you have a good early draft for such a system:

      http://slashdot.org/comments.pl?sid=1244451&cid=28083111

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    19. Re:too big to fail? by Anonymous Coward · · Score: 0

      I share your frustration with Congress. That's why I've written to my representative and senators and told them I want them to work with members of both parties to reach a deal. I'm frustrated with the dangerous game they're playing.

      As I see it, the Tea Party is particularly dangerous because they seem to want a default. They have also managed to convince a significant portion of the population of our country that raising the debt ceiling is a bad thing. I'm not confident that if we had a popular vote and a direct democracy, that the debt ceiling would be raised. I'm not confident we could reach a reasonable solution to reduce the deficit. I don't trust that the general public could solve the nation's problems.

      That's why I suggest looking to the state governments to allow them to recall senators and representatives from the state. There are plenty of governors who are concerned that if the US defaults, their state won't be able to pay their bills. I'd like to give the states the power to remove dangerous or corrupt politicians representing their state in Washington outside of the regular voting cycle. I really believe it's the best option in a bad situation.

      I do believe the Constitution should give the states the power to recall senators and representatives. Maybe there's a better way to implement the process of a recall, but I think it's on the right.

    20. Re:too big to fail? by Anonymous Coward · · Score: 0

      Or, just maybe, we could not be extremists and try to rejigger the system to bring it back into balance.

      The fish rots from the head, as they say. So I say cut off the head!

    21. Re:too big to fail? by trum4n · · Score: 1

      They will never vote for an amendment that can force them to behave.

    22. Re:too big to fail? by Anonymous Coward · · Score: 0

      Actually, our system was set up for this large a population. The problem was, our system was not set up for this much over reach by the federal government. The idea was to let the states do most of the heavy lifting and have a small but effective federal government.

    23. Re:too big to fail? by sorak · · Score: 1

      Or, just maybe, we could not be extremists and try to rejigger the system to bring it back into balance.

      Nah, destroy it all. What could possibly go wrong?

      Well, now that we ended slavery, knocked out that whole women's rights thing, and put an end to racism, I think we've had enough progress for now. Let's just disband and coast through the next millennium.

    24. Re:too big to fail? by Anonymous Coward · · Score: 0

      > Repeal the 17th Amendment (let states decide for themselves

      Hell no, I don't want to be captured on my way to work in Ann Arbor and sold into slavery in Mississippi.

    25. Re:too big to fail? by Anonymous Coward · · Score: 0

      Actually, you are almost right. Our system of government where most of the power has been transferred to a central authority away from the states is what does not scale.

      Originally the system was designed with Federalism that distributed power. That is almost entirely gone now with nearly all power residing in D.C.

      Repeal the 17th Amendment (let states decide for themselves if they want to elect Senators by popular vote in their states, many will do so on their own and some will not)

      Get rid of the Federal Reserve system. Competitive banking instead of a monopoly cartel where the same commercial banks who in many circumstances have their CEO's running Federal Reserve regional banks that control the money.

      I have no problem with some states being progressive and others being conservative so long as basic negative natural rights are respected and protected by a Federal Authority who's power is primarily that of protecting those rights and common defense.

      I'm not insane for wanting what Jefferson and Madison wanted and designed instead of what Alexander Hamilton and John Adams thought would be cool (American Empire)

      what jefferson and Madison designed? Jefferson was in Europe during the constitutional convention, and Hamilton was the primary mover in getting the constitution done, from starting the convention through getting it ratified. The constitution is as much Hamilton as it is Madison. And not at all Jefferson's

    26. Re:too big to fail? by Anonymous Coward · · Score: 0

      We were originally intended to be a loose coalition of states, hence the focus on the states in "The United States of America". The federal government was intended to have very little power, and most of the functions that it has assumed today were to be delegated to the states (see the 10th amendment)

    27. Re:too big to fail? by Logic+and+Reason · · Score: 1

      The system is deeply flawed on a fundamental level, and no amount of "rejiggering" will ever "bring it back into balance". There's nothing wrong with "extremism" when the situation calls for it. Or would you reject chemotherapy for a cancer patient as too "extreme"?

    28. Re:too big to fail? by Anonymous Coward · · Score: 0

      Actually, the Constitution lays out the first three or four steps of a scale where the number of representatives scales up as the population increases. The problem is that the number of representatives hasn't changed in about a century, while the population has tripled.

      That said, do you *really* want more people in Congress right now?

    29. Re:too big to fail? by Hatta · · Score: 1

      Except that the system has been broken for so long that you can't really do that. Any change large enough to fix the system is large enough to label you an extremist. At some point you have to realize that keeping on like we have been IS an extremist position.

      --
      Give me Classic Slashdot or give me death!
    30. Re:too big to fail? by marcosdumay · · Score: 1

      "the Tea Party is particularly dangerous because they seem to want a default"

      Yeah, and they may be right. Maybe a default is the best course of action for you.

      Ok, the best course of action would be to cut the deficity and start paying the debt. That is a certainty. Assuming that isn't policaly possible (a big assumption), a default is probably the best possible alternative.

    31. Re:too big to fail? by hedpe2003 · · Score: 1

      Actually, you are almost right. Our system of government where most of the power has been transferred to a central authority away from the states is what does not scale.

      Originally the system was designed with Federalism that distributed power. That is almost entirely gone now with nearly all power residing in D.C.

      As an avid centrist (and frankly, an Obama supporter) - I couldn't agree with you more here (weird right?).

      Repeal the 17th Amendment (let states decide for themselves if they want to elect Senators by popular vote in their states, many will do so on their own and some will not)

      What is the problem with the 17th Amendment exactly? I feel like the Senate is a lot less dysfunctional than the House. I attribute this to 6 year terms, so they aren't as worried about short term political gains. Maybe you have some good examples for me? I grant the fact that the states 'lose rights' here to a federal mandate, but isn't a popular vote the epitome of a republic? Lets not forget the Blago scandal.

      Get rid of the Federal Reserve system. Competitive banking instead of a monopoly cartel where the same commercial banks who in many circumstances have their CEO's running Federal Reserve regional banks that control the money.

      There is obviously something that needs to be adjusted in the federal reserve. If for nothing else, than to allow for more transparency so we can have confidence that they are doing the right things for our country. But really.... I do NOT want the stability of our economy in the hands of elected representatives.... nor do I want a bunch of people (with no understanding about any of the prevailing financial theories) calling up their representatives to tell them they should raise/lower interest rates because some talk show host made them feel like an expert.

      I'm not insane for wanting what Jefferson and Madison wanted and designed instead of what Alexander Hamilton and John Adams thought would be cool (American Empire)

      I believe from time to time, the responsibilities of the federal government will need to be shifted in order to benefit our nation as a whole. Even the most right wing among us, believe we should all have clean food and water, and a national effort to prevent the spread of diseases when they outbreak. We can either have 50 different organizations, each tasked with doing these tasks... and hope they work together... or we could have some sort of central command to make things run more efficiently.

      Question to you: For each of the situations you believe the government is overstepping... Is your stance based on what you believe will run the most efficiently, and be the most effective (bang for your buck), or is it based on a belief that just because it worked in the past, it is the best and only solution to every problem?

      --
      Comprehensive solutions via a competition of ideas like no other.
    32. Re:too big to fail? by Sprouticus · · Score: 1

      The term limits might not even be required. I have often said (during demates with friends) that limiting the House to its current low value severely impacts politics

      Here is the simple argument:

      If you had # of reps based upon a set number of people rather than % of population, you would end up with many more reps. Let's call it 10x for easy numbers
      With 10x the number of reps, the population each rep would be beholden to would be 1/10th the size.
      This would mean that individuals would have ~10x as much voice (perhaps more because the signal to noise ratio would go down a lot).
      You would have a harder time jerrymandering because the number would fluctuate only with populaiton growth and shift. It would still occur, but with much small districts it would be harder for one party to screw over voters
      You would also allow for a much greater chance to have 3rd party or independant candidates.
      Elections would depend far less on mass media if the target audience was that small, and truely local elections would be held.
      Lastly and most importantly, the lobby money would be diluated an insane ammount. Which would make it harder to buy votes.

      Personally I would not mind having 10x or even 100x the number of reps. 1 rep for every 10000 or even 100000 people seems reasonable. You would have to modify the lawmaking process a bit, otherwise you might get swamped with bills, and you would need to reconfigure/alter the actual physical house, but Im on with that.

      Having 1 rep for 750k people is silly. How can someone represent me AND 750,000 other people in a fair and reasonable manner.

    33. Re:too big to fail? by randyleepublic · · Score: 0

      Yes! Yes! Yes!

      Oh, rest assured that there will be horrible problems. The banksters will do everything in their nearly immeasurable power to de-stabilize any of the 50 new nations who don't fall right in line with a private central bank.

      --
      Social Credit would solve everything...
  5. Physical devices have finite limits. News at 11 by OzPeter · · Score: 2

    And those limits can be overwhelmed by a large response.

    Or is the real news story that Americans are expressing something about their political parties for once?

    --
    I am Slashdot. Are you Slashdot as well?
  6. games by Anonymous Coward · · Score: 0

    Last I looked both parties got us into this mess. Opps this site doesn't want to admit that. Ohhhh Democrat good Republican evil, it's that easy. Keep fooling yourselves.

    1. Re:games by History's+Coming+To · · Score: 4, Insightful

      Pity you can't vote for another party and leave the Dems and Reps out of it. Mind you, you'd need some kind of system in place that allows anyone to stand for a seat and be voted in, regardless of how much money they put in to one of the two parties in the democracy.

      --
      Please consider this account deleted, I just can't be bothered with the spam anymore.
    2. Re:games by Nimey · · Score: 5, Insightful

      Hi, you seem to be using the FALSE EQUIVALENCE fallacy!

      Let me bring you up to speed: two long and incompetently-waged wars kept of the budget books for political reasons, at the same time we had a tax cut. Nobody's ever cut taxes during a war, let alone two, because that's a really fucking stupid thing to do.

      In the latest episode of the Washington Follies, the Republicans demanded big cuts in spending. Fine, say the Dems, here's $3 trillion in spending cuts But we want $1 trilliion in eliminated tax subsidies and raised taxes on the rich. NONONONONO, scream the Republicans, TAXES BAD TAXES BAD.

      That's not "durr, they're equally bad".

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    3. Re:games by PortHaven · · Score: 0

      Agreed

      In fact, try to find ANY difference between President Bush & Obama's actual policies. You can't. Both implemented healthcare social programs. Both got us into military conflicts. Both spent beyond our means. Seriously, the only difference is Bush had to deal with 9-11 & Katrina. President Obama hasn't had any disasters to try his mettle yet.

    4. Re:games by ledow · · Score: 1

      I'd be interested to see the declaration documents for at least one of those wars, and what nations they were against.

      You can't declare war on a concept, nor on an individual. Only a nation can declare war on another nation.

    5. Re:games by jackbird · · Score: 1

      Iraq and Afghanistan? Despite being undeclared, not calling those two "operations" wars, and denying that they cost a hell of a lot of money, is deliberately obtuse.

    6. Re:games by xelah · · Score: 1

      Unfortunately, almost all governments of almost all parties in almost all countries gain political advantage by attempting to spend their successors' tax revenues. Almost no governments ever pay down their debts except at the very worst time, in a crisis (some do, though not usually for long, and only when they're politically popular enough that they don't need to buy votes). I doubt very much that changing the politicians for new ones would solve that because voters generally don't care much about deficits and debts when there isn't a crisis. How many votes were there in 'Slash public services and the army and increase taxes!' in 2005? Government debt is too long term a problem for 3-6 year political cycles.

      Ideally governments would pay down their debt during benign economic conditions to leave space to borrow at times like now. It'd need a new mechanism to make that happen because all politicians will be under similar pressure. How about a variable income tax that goes up automatically with the size of the total debt? Or maybe a body like a central bank charged with maintaining a long term target percentage of GDP. Whatever it is, it has to be something that politicians can't fiddle with to exchange for short term political advantage for long term pain - just as they do with interest rates and inflation in countries without independent central banks.

      As for opposing tax rises at all costs, that's just silly. Trying to balance current spending with current revenue is one thing, opposing additional taxes to pay for services already delivered five years ago is extreme.

    7. Re:games by Anonymous Coward · · Score: 0

      You're right, selective examples are "durr, Dems is better!"

    8. Re:games by Magius_AR · · Score: 1

      Iraq and Afghanistan? Despite being undeclared, not calling those two "operations" wars, and denying that they cost a hell of a lot of money, is deliberately obtuse.

      It's equally obtuse just to throw out a large "pricetag" number (1-3 trillion) without mentioning that this spending occurred over a decade. When compared to Mandatory Spending (which spends over 2 trillion a year), the wars didn't cost a "hell of alot of money" in comparison. Though yes, they're a decent chunk of change.

  7. Game of Chicken by Anonymous Coward · · Score: 0

    And the rating agencies are only going to change the rating once there's absolutely no chance that the game doesn't end with serious injuries...

  8. Focus on the Tea Party Caucus by Anonymous Coward · · Score: 1

    from http://en.wikipedia.org/wiki/Tea_Party_Caucus

    Sandy Adams, Florida
    Robert Aderholt, Alabama
    Todd Akin, Missouri
    Rodney Alexander, Louisiana
    Michele Bachmann, Minnesota, Chairman
    Roscoe Bartlett, Maryland
    Joe Barton, Texas
    Gus Bilirakis, Florida
    Rob Bishop, Utah
    Diane Black, Tennessee
    Michael C. Burgess, Texas
    Paul Broun, Georgia
    Dan Burton, Indiana
    John Carter, Texas
    Bill Cassidy, Louisiana
    Howard Coble, North Carolina
    Mike Coffman, Colorado
    Ander Crenshaw, Florida
    John Culberson, Texas
    Jeff Duncan, South Carolina
    Blake Farenthold, Texas
    Stephen Fincher, Tennessee
    John Fleming, Louisiana
    Trent Franks, Arizona
    Phil Gingrey, Georgia
    Louie Gohmert, Texas
    Vicky Hartzler, Missouri
    Wally Herger, California
    Tim Huelskamp, Kansas
    Lynn Jenkins, Kansas
    Steve King, Iowa
    Doug Lamborn, Colorado
    Jeff Landry, Louisiana
    Blaine Luetkemeyer, Missouri
    Kenny Marchant, Texas
    Tom McClintock, California
    David McKinley, West Virginia
    Gary Miller, California
    Mick Mulvaney, South Carolina
    Randy Neugebauer, Texas
    Rich Nugent, Florida
    Steve Pearce, New Mexico
    Mike Pence, Indiana
    Ted Poe, Texas
    Tom Price, Georgia
    Denny Rehberg, Montana
    Phil Roe, Tennessee
    Dennis Ross, Florida
    Ed Royce, California
    Steve Scalise, Louisiana
    Tim Scott, South Carolina
    Pete Sessions, Texas
    Adrian Smith, Nebraska
    Lamar Smith, Texas
    Cliff Stearns, Florida
    Tim Walberg, Michigan
    Joe Walsh, Illinois
    Allen West, Florida
    Lynn Westmoreland, Georgia
    Joe Wilson, South Carolina

  9. low digit chosen ones in for big surprise? by Anonymous Coward · · Score: 0

    single digit? less valuable than a goat. below 30? quite expendable 'for the cause' which is death to most of us.

    still showing up here there & everywhere

    should it not be considered that the domestic threats to all of us/our
    freedoms be intervened on/removed, so we wouldn't be compelled to hide our
    sentiments, &/or the truth, about ANYTHING, including the origins of the
    hymenology council, & their sacred mission? with nothing left to hide,
    there'd be room for so much more genuine quantifiable progress?

    you call this 'weather'? much of our land masses/planet are going under
    water, or burning up, as we fail to consider anything at all that really
    matters, as we've been instructed that we must maintain our silence (our
    last valid right?), to continue our 'safety' from... mounting terror.

    meanwhile, back at the raunch; there are exceptions? the unmentionable
    sociopath weapons peddlers are thriving in these times of worldwide
    sufferance? the royals? our self appointed murderous neogod rulers? all
    better than ok, thank..... us. their stipends/egos/disguises are secure,
    so we'll all be ok/not killed by mistaken changes in the MANufactured
    'weather', or being one of the unchosen 'too many' of us, etc...?

    truth telling & disarming are the only mathematically & spiritually
    correct options. read the teepeeleaks etchings. see you there?

    diaperleaks group worldwide.

  10. Oh Great by Xacid · · Score: 3, Insightful

    Now we're going to Slashdot them too!

    1. Re:Oh Great by Anonymous Coward · · Score: 0

      We are all Anonymous!

    2. Re:Oh Great by Xacid · · Score: 1

      News at 11 - American citizens who care about their country DDOSed the government. Now labeled as terrorists. More at 12.

  11. Obama got it right by Anonymous Coward · · Score: 0

    Obama told people to tell Congress they want an agreement rather than a default. I'm glad to see that the people responded and let Congress know it's time to quit playing partisan politics. The American people are uneasy about the lack of an agreement and I hope that's what they told Congress. I sent an e-mail to my representative (Clay) and senators (Blunt and McCaskill) and told them it's time to reach a balanced deal to protect the credit rating and avoid dipping into a deeper recession. I'll be writing again in a few days if an agreement isn't reached.

  12. John Boehner is a piece of shit liar. by Anonymous Coward · · Score: 1

    The fucker lied about the President's plan right after the president explained he was for cuts and tax increases. Fucking John Boehner right after says, Obama wants to increase taxes and SPEND MORE.

    What a fucking lying piece of shit. He should be removed from office. Fuck him, the Tea Party, and any other lying piece of shit that is out to bleed our country to death.

    1. Re:John Boehner is a piece of shit liar. by Straif · · Score: 1

      Could you provide a link to the President's plan. I know more than a few reporters that would be interested in seeing a written copy with some real numbers too.

      --
      Of course that's just my opinion...... you could be wrong!
  13. You've just revealed yourself as an extremist by MikeRT · · Score: 0

    It seems like the more extreme Republicans that are running things in the House don't have a political philosophy so much as they have a religion. It's hard to convince a zealot of anything.

    The Republican plan would allow Obama to increase the debt ceiling by $2.4T and raise taxes provided both houses can agree to a balanced budget amendment to the US Constitution.

    If you think that's extreme, you're a kool aid drinking liberal. The Republican base is demanding no compromise on the debt ceiling, no new taxes AND a balanced budget amendment. The Republican house very well might get flushed in 2012 in favor of even more Tea Party candidates unless they succeed in actually ratifying an enforceable balanced budget amendment.

    The federal budget has gone from not even $2T under Clinton to $3.5T under Obama. This trend cannot continue. It has nothing to do with taxes or tax rates. The GDP is about $13T. That means the federal government alone now consumes about 27% of our GDP. Even if your support big, active government that leaves a lot less money for those governments that are closer and more accountable to the people.

    1. Re:You've just revealed yourself as an extremist by Nimey · · Score: 4, Interesting

      HA HA HA HA.

      Do you even know what the amending process entails? Hint: you have to get a supermajority of the state legislatures to approve the amendment. Do you have any fucking idea how long that would take? /Years/. We don't have time for that kind of political theater bullshit. If Republicans want that, they should put it out as a separate measure. If the people and their representatives in the states want it, it'll pass on its own merits.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    2. Re:You've just revealed yourself as an extremist by Anonymous Coward · · Score: 0

      Sarah Palin 2012

      Just sayin'....

    3. Re:You've just revealed yourself as an extremist by PortHaven · · Score: 1

      OMG, it might take 10 years. Of course, that was the reason we didn't drill in Alaska 10 years ago. Dang...sure would be nice to have that oil now that it's 10 years later.

      Damn idiots only think 2-4 years down the road. And it's destroying our country. Meanwhile, China has a 50 year plan for the continent of Africa. Who do you think is going to be a player in 50 years?

    4. Re:You've just revealed yourself as an extremist by PortHaven · · Score: 1

      This election is "blah"

      Rand Paul 2016

    5. Re:You've just revealed yourself as an extremist by Nimey · · Score: 1

      And so? Propose a separate goddamn balanced-budget amendment. Don't hold the country hostage to your political religion.

      I think a BB amendment might be a good idea, subject to how it's implemented, but this is /not/ the way to go about it.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    6. Re:You've just revealed yourself as an extremist by Duradin · · Score: 3, Insightful

      "The Republican plan would allow Obama to increase the debt ceiling by $2.4T"

      It's not the President's job to increase the debt ceiling. The cowards are just looking for a way to get around their blood oath AND be able to score points in the next election, pretty much the definition of dirty pool.

    7. Re:You've just revealed yourself as an extremist by Nimey · · Score: 1

      Pretty much, yeah. That plan lets Obama raise the debt ceiling on his own and would require a 2/3 vote in both houses of Congress to forbid that from happening.

      The Republicans know that they can't get a 2/3 majority in both houses, so this lets them all vote against it and look good for the next election while blaming Obama.

      It's a fucking schoolyard tactic, so it is.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
  14. DDoS by Anonymous Coward · · Score: 0

    Sounds like a DDoS attack to me. These troublemakers are disrupting the daily business activities of critical public infrastructure and/or private business.

  15. Scare Tactics by Anonymous Coward · · Score: 0

    Funny how people can easily be manipulated with scare tactics and fear! The Government is very good at this.

  16. Penquins Rescue Sinking House Speaker by Anonymous Coward · · Score: 0

    Linux and Akamai to the rescue -- From Netcraft
    site=johnboehner.house.gov

    Linux Microsoft-IIS/6.0 27-Jul-2011 88.221.94.216 Akamai
    Windows Server 2003 Microsoft-IIS/6.0 22-Oct-2009 143.228.239.199 Information Systems, U.S. House of Representatives
    Windows Server 2003 Microsoft-IIS/6.0 3-Jan-2009 143.231.169.175 Information Systems, U.S. House of Representatives

  17. The troops won't be affected... by MikeRT · · Score: 0

    So it's okay for that scumbag to threaten the lives of seniors, of poor people, of veterans, of anyone by threatening to let the nation default which means the checks wont be sent out to them? What about troops serving right now who are risking their lives so that ignorant congressman can safely speak like that? What about law enforcement who protects scumbags like him from being robbed and preyed upon?

    Defaulting on the federal debt will simply mean the federal government is limited to its revenues and whatever it can print (and that will totally screw over the poor and vulnerable). We have over $2T in revenues. All that means is that the federal government will have to prioritize.

    How about we start means-testing Social Security and Medicare. If Grandma has a pension, fat 401k or private assets she gets no Social Security.

    So what if she "paid into the system her whole life." I have no kids and pay thousands of dollars in property taxes, mainly to support local schools. Do you see me whining, bitching and moaning about the injustice of paying for something from which I derive no personal benefit? No. It's called civic responsibility. Part of your duty as a citizen is to put the common good before yours and frankly, I'm sick of ordinary Americans adopting the same "fuck you, I'll get mine" attitude they accuse the rich of having and then acting holier than thou toward them.

    1. Re:The troops won't be affected... by maxume · · Score: 1

      Actually, your comment about property taxes does sound sort of bitchy.

      --
      Nerd rage is the funniest rage.
    2. Re:The troops won't be affected... by Anonymous Coward · · Score: 0

      But if we all put in our fair share isn't that communism? America is all about screwing people over since it was created.

      The founding fathers didn't want to pay taxes, so it said "fuck you, I'll get mine" to Britain
      The south didn't want to abolish slavery as it would destroy their economy, so it said "fuck you, I'll get mine" to the President

      You get the idea. America is capitalism at it's finest. Taxing the stupid while the smart/powerful get off scott-free. If you don't like it, then go to your local library and read books. That's how a lot of these rich guys started off as not all were born with a silver spoon.

    3. Re:The troops won't be affected... by thomasw_lrd · · Score: 1

      Really, cause Grandma or Grandpa paid into social security for 20+ years, but let's fuck them over. Cause, they were smart enough to not rely on the goverment. Fuck that shit. Give me back my social security, and I'll pay for my own fucking retirement.

    4. Re:The troops won't be affected... by Duradin · · Score: 1

      Even without kids he does get benefits from the local schools, children locked in the schools during the day won't be busy vandalizing property while he's away at work.

    5. Re:The troops won't be affected... by Bob+the+Super+Hamste · · Score: 2

      We have over $2T in revenues. All that means is that the federal government will have to prioritize.

      How about we start means-testing Social Security and Medicare. If Grandma has a pension, fat 401k or private assets she gets no Social Security.

      So what if she "paid into the system her whole life." I have no kids and pay thousands of dollars in property taxes, mainly to support local schools. Do you see me whining, bitching and moaning about the injustice of paying for something from which I derive no personal benefit?

      I have a better idea. How about we do the following programs:
      1. Stop Agriculture subsidies
      2. Stop Ethanol subsidies
      3. Raise the tariffs on goods entering this country from countries like China so our tarrif restricts their exports to us like they restrict our exports to them.
      4. Impose a tariff on any US companies' goods that are manufactured over seas so it becomes cheaper for them to be made here.
      5. Stop bombing brown people
      6. Quit Being Team America world Police and bring all our troops home from Europe, Asia, Africa, South America, Canada, Mexico. I think that covers everything
      7. Quit buying military equipment the military doesn't want or need (I'm looking at you F-35 JSF and all your friends)
      8. Closing tax loopholes, you know ones like the carried interest deduction for hedge fund managers or the ones the allow Exxon to get a check from the government.
      9. Close down the some federal departments
      10. Shit can the TSA airport screener and their scanners
      11. Adjust congressional pay to so that it matches the median or average pay (I don't know which is lower) of the private sector employees in the country (this won't save much but is more symbolic)
      12. Quit pissing money away on stupid stimulus spending like bailing out banks, car companies, or any other private entity.

      Those seem like they would be a good start and would probably do more than stupid crap like suggesting means testing Social security or Medicare. Granted changes do need to be made to both of those programs, but don't hold them up as being the elephant in the room at the moment. In case you haven't noticed social security is considered an insurance program as is medicare, as such any changes made should only affect those no already on it or about to go on it. I would love to be able to say to social security you can keep all the money that my employers and I have already paid in in for me but give me the 12.4% (6.2% I pay and the 6.2% my employer pays) of my income that is paid in each year for me back so I can just add it to my Roth IRA (I already paid taxes on this income I have the pay stub show that) in return I won't ever be able to collect social security.

      --
      Time to offend someone
    6. Re:The troops won't be affected... by Anonymous Coward · · Score: 1

      Wow, you know how to fix everything. Can I subscribe to your blog? Wait a second, your blog is about cars... and if it were that simple wouldn't we have already done it? You're just a great big PHONEY!!!

    7. Re:The troops won't be affected... by interkin3tic · · Score: 1

      I have a better idea. How about we do the following programs: 1. Stop Agriculture subsidies

      I strongly suspect that agriculture subsidies are necessary. I don't think full free market forces acting on our food supply is something that would have good effects. That said, politics have corrupted the management of the subsidies we have now and are actively encouraging monoculture in corn instead of making sure they -don't- happen. Still, I can't see doing away with all subsidies improving the situation. Regulation is needed, and political regulation without subsidies would probably leave us with no farmers and no food before too long. Given the industry's importance, I'm not in favor of experimenting wildly with it.

    8. Re:The troops won't be affected... by Bob+the+Super+Hamste · · Score: 1

      Most of our agriculture subsidies currently are going to the production of corn, cotton, soy beans, and tobacco but farm states (Iowa) seem to hold too much sway at the federal level. There are a fair amount of subsidies that put a floor on the price but with the current high prices of farm commodities this isn't being tapped at the moment (I can't find the article). Add to that those who are getting farm subsidies because they own a hobby farm and you can find lots of savings without affecting the nations food supply. There are also various subsides (CRP land at the federal level or CREP land here in Minnesota) where farmers are paid to not grow on some of their land.

      --
      Time to offend someone
    9. Re:The troops won't be affected... by gtall · · Score: 1

      > 1. Stop Agriculture subsidies:
      Hear! Hear! but they aren't very large, $20 Billion per year, still, money is money
      > 2. Stop Ethanol subsidies:
      Peanuts, but we still shouldn't pay it
      > 3. Raise the tariffs on goods entering this country from countries like China so our tarrif restricts their exports to us like they restrict our exports to them.
      The U.S. is still the largest manufacturing country on the planet, tariff them and they'll tariff us in like manner. You save nothing here
      > 4. Impose a tariff on any US companies' goods that are manufactured over seas so it becomes cheaper for them to be made here.
      Dunno, but I doubt it would be easy.
      > 5. Stop bombing brown people
      First tell the brown people to stop trying to kill us, then we'll stop, I promise.
      > 6. Quit Being Team America world Police and bring all our troops home from Europe, Asia, Africa, South America, Canada, Mexico. I think that covers everything
      Of that lot, only Europe and Asia have any appreciable U.S. presence, and many countries pay the U.S. for it. The U.S. defense budget is about $700 billion, maybe you'd get a whole $50 billion out it, peanuts.
      > 7. Quit buying military equipment the military doesn't want or need (I'm looking at you F-35 JSF and all your friends)
      Still peanuts compared to the debt, but I'd agree purchases should be scaled back...at until China does something incredibly stupid and we get caught with our pants down.
      > 8. Closing tax loopholes, you know ones like the carried interest deduction for hedge fund managers or the ones the allow Exxon to get a check from the government.
      Oh, I'd go for that. Dunno how much it would bring but it would be substantial. Especially the mortgage deduction. That's where the real money is. Exxon is nothing.
      > 9. Close down the some federal departments
      Why? EPA? You don't like clean air and water? FDA? You like dangerous drugs? FAA? You'd like to die in a plane crash. Education? Okay, you got me there. Still the rest perform valuable and necessary functions. And to their credit they have to put up with people like you.
      > 10. Shit can the TSA airport screener and their scanners
      Yeah, allow anyone with a gun or bomb onto our planes. What could go wrong?
      > 11. Adjust congressional pay to so that it matches the median or average pay (I don't know which is lower) of the private sector employees in the country (this won't save much but is more symbolic)
      Yes, symbolic and not worth the time, most of the congress-critters are already rich.
      > 12. Quit pissing money away on stupid stimulus spending like bailing out banks, car companies, or any other private entity.
      Bailing out the banks probably saved us from a total economic collapse. Saving the car companies saved thousand of jobs and their tax payments and cost the U.S. government very little in the end (I think we lost a few billion on Chrysler). The stimulus probably prevented a worse economic pit, yet it was poorly spent. Still, it doesn't contribute to the structural deficit.

      Means testing SS and Medicare will be necessary because of the baby boomers who are now starting to retire. They have to be changed just to stay solvent. You seem to have this perverse belief that the SS money is kept in a mattress some place. It is instead a lot of IOUs from the Federal Government. You, and everyone else, are not actually entitled to anything you paid in. Since it is a pay as you go system, you are actually only entitled to the extent the rest of America can afford your sorry retired ass. Keeping more than one thought your head a time helps.

      So in sum total, you haven't come close to solving the debt problem, but thanks for playing.

    10. Re:The troops won't be affected... by Bob+the+Super+Hamste · · Score: 1

      So it sounds like I found one of your sacred cows in that list so tell us which one is it. It isn't that these aren't simple fixes (they are) it is that there has to be a political will to cut these things. How many of the items I listed above aren't lobbied hard for even if the general populous doesn't want them. I hate to break it to you but any cut to a special interest is going to piss them off and they will raise all kinds of hay and they probably have more money to convince your congress critters than you do.

      Also I probably am more active in government than you even though I have never been elected. Have you ever written, called, faxed your rep? Have you gone down to their office and tried to talk to them or their staffers? I bet you didn't even know your house member had a local office in their home district and that senators usually have multiple offices in their state?

      See I can do the personal attack thing too, but wait I didn't resort to name calling

      --
      Time to offend someone
    11. Re:The troops won't be affected... by interkin3tic · · Score: 1

      here are also various subsides (CRP land at the federal level or CREP land here in Minnesota) where farmers are paid to not grow on some of their land.

      I know, but there are good reasons behind that. There are areas you -don't- want farmers to use for ecological reasons. If you don't pay them not to farm there, they will, and that will cause more harm than good, except to that farmer. That's a -key- area where I think free market forces work in agriculture against the common good. Again, there are no doubt abuses, but cancelling the program altogether would be extremely short-sighted.

      Same goes with eliminating agriculture subsidies entirely. There is ample room for cutting them down and reform, but to dump the whole thing would be throwing out the baby with the bathwater, except instead of a baby, it's the nation's food supply.

    12. Re:The troops won't be affected... by Magius_AR · · Score: 1

      Those seem like they would be a good start and would probably do more than stupid crap like suggesting means testing Social security or Medicare.

      Really? Have you run the numbers? I certainly don't see any. Since social security/medicare amount to nearly two-thirds of all our national spending, I believe you have quite a task ahead of you to prove cuts in any other area of our budget are even remotely close to reforming those two cash cows. This is especially true considering we have a new social cash cow on the horizon (obama's healthcare program).

    13. Re:The troops won't be affected... by sumdumass · · Score: 1

      How are they fucked over if they have an income high enough to not need social security payments?

      seriously, it's no different from paying t axes all your adult life to have it wasted on a bike path that goes nowhere constructive while you road you lice on has pot holes galore and should have been resurfaced years ago. Its no different from paying for insurance all you life and never getting sick.

    14. Re:The troops won't be affected... by sumdumass · · Score: 1

      They aren't simple fixes at all because they aren't fixes at all.

      Almost everything in your list would do more harm then good while not even remotely addressing the reasons they might be problems in the first place.

      But the reason your government is ignoring you might be because you come off as a loon. Stop bombing brown people? serious;y, is bombing whites, blacks, or yellow people magically ok or something? And yes, your government is ignoring you because most of what is on you list has been happening longer then a decade- despite you activities with the government..

  18. Same happened with the stimulus by hsmith · · Score: 1

    They didn't give a fuck then, why would they give a fuck now?

    Same happened when Obama rammed through his "Health Care Reforms" and - they didn't give a fuck then.

    So now this is important because it is something Obama cares about?

    1. Re:Same happened with the stimulus by Anonymous Coward · · Score: 0

      ya he rammed it through, after debating health care for 50 years, several committees coming up with bills, those being reconciled, voted on out of committee, passed on to the full house, voted on, passed on to the senate, reconciled there with bills coming out of senate committee, passed and sent back to the house which amended it and sent it back to the senate for final passage.

      Clearly it was rammed through.

  19. They will not listen.... by Anonymous Coward · · Score: 0

    Unless you have a credit card number ready....

    Donations of $25,000 will get heard.
    Donations higher than that will sway the vote slightly.

    Honestly, Boner is incredibly out of touch and the Extremist Tea Party people that demand no new taxes are completely out of touch with reality.

    There is TWO ways of fixing this.

    More taxes and cuts.
    Completely end all wars and all foreign aid by cutting the Defense budget by 60%. This means ending Homeland security funding so this will have terrorists flooding the airplanes so much that 80% of all people on airlines will be bomb carrying terrorists.

    Also ending the wars on drugs, guns, mexicans, etc... This will result in the entire population of south america to suddenly stream into the United states with at least 50 tons of Cocaine and Pot on their backs each... That is 3X the weight of the earth in drugs in our streets!

    Honestly people, Taxes needs to be raised. I'll be happy with ending the ENTIRE Bush tax cut package and raise everyone's taxes.

    That coupled with deep cuts will fix the problem.

    1. Re:They will not listen.... by PortHaven · · Score: 2

      It's no new taxes without balancing the budget.

  20. Great filters by overshoot · · Score: 3, Informative
    It won't make a damn bit of difference.

    The Congressional filtering system is extremely efficient. No matter what you say, somehow you're always supporting the position that the Congresscritter has already taken.

    I've been writing to "my" Congressional "representatives" for almost forty years, and even when I've bluntly said that Senator Bozo has a severe case of craniorectal insertion, I get a letter back thanking me for supporting him.

    --
    Lacking <sarcasm> tags, /. substitutes moderation as "Troll."
    1. Re:Great filters by Machtyn · · Score: 2

      I don't know. My wife recently wrote our Obama Rubber Stamp... I mean Congrescritter. The letter she got back was essentially, "You're one of those people, aren't you? Thank you for your interest in 'your' government, but we know what's good for you."

    2. Re:Great filters by tendrousbeastie · · Score: 1

      I live in England, and in my years I've lived in various constituencies with MPs (representatives) from each of the 3 main parties.

      I must admit that whenever I have written to any of them I have always got back a detailed specific reply addressing my points, even in the cases where the MP didn't agree with me (even Keith Vaz, who I am no fan of, wrote a detailed response to a letter of mine - or at least someone in his office took the time to).

      I even got a question I wrote to my local (Brighton Pavilion, then Labour) MP about the Digital Economy Bill (basically the UK equivalent of the DMCA) escalated to a government minister for a reply, which again addressed my specific points sufficiently to suggest that someone in their office had taken the time to reply to me specifically.

      I can't recall from memory, how many constituents are there per congressman? UK has around 60 - 80k per MP. We've both got roughly the same number of lower chamber representatives (around 600 - 700 each give or take, UK has just removed a few seats) so given the hugely greater US population there must be way more voters per representative in the US.

      Out of interest the UK has recently (several months ago) had a referendum on changing our electoral system to a Proportional Representation system (in this case, AV - Alternative Vote) rather than a First Past the Post system as currently used in UK and US elections. Is this something that ever gets aired in US debates?

      (The vote failed, hugely)

      I ask because often accuses itself as being one of the worst two party lockin systems, and PR benefits third parties hugely.

    3. Re:Great filters by Anonymous Coward · · Score: 0

      I've been writing to "my" Congressional "representatives" for almost forty years, and even when I've bluntly said that Senator Bozo has a severe case of craniorectal insertion, I get a letter back thanking me for supporting him.

      Somebody had to be supporting him, that sort of thing will throw you off-balance.

    4. Re:Great filters by Sprouticus · · Score: 1

      The validity of those comments depends solely upon the content of her email/letter. I will assume from the fact that you call hm/her an obama rubber stamp that they are Dem and you are not. I will then assume further that something untoward was said in the letter.

      Yes I am assuming here, but I would be shocked if I were wrong.

    5. Re:Great filters by Machtyn · · Score: 1

      You are right and you are wrong. The Obama rubber stamp is John Yarmuth, a liberal democrat and we are conservatives (not necessarily TEA Party, mostly Republican voting, have some Libertarian leanings). The wrong part is that the letter was not untoward. It was a respectful, thought out, reasonably detailed argument in support of voting No on Obamacare. But he didn't really care, ... that is, his staff really didn't care because I doubt he saw it. Yarmuth was running around town saying "Everyone I speak to supports Obama's health care initiative. I haven't had anybody tell me they don't like it." Either he was lying, stuffing his fingers in his ears, or wasn't getting the word from his staff that 40% of his constituents were not in favor of the deal (maybe less, I do live in a brain dead liberal town - not that all liberals are brain dead).

  21. And what about contractors? by elucido · · Score: 2

    So it's okay for that scumbag to threaten the lives of seniors, of poor people, of veterans, of anyone by threatening to let the nation default which means the checks wont be sent out to them? What about troops serving right now who are risking their lives so that ignorant congressman can safely speak like that? What about law enforcement who protects scumbags like him from being robbed and preyed upon?

    Defaulting on the federal debt will simply mean the federal government is limited to its revenues and whatever it can print (and that will totally screw over the poor and vulnerable). We have over $2T in revenues. All that means is that the federal government will have to prioritize.

    How about we start means-testing Social Security and Medicare. If Grandma has a pension, fat 401k or private assets she gets no Social Security.

    So what if she "paid into the system her whole life." I have no kids and pay thousands of dollars in property taxes, mainly to support local schools. Do you see me whining, bitching and moaning about the injustice of paying for something from which I derive no personal benefit? No. It's called civic responsibility. Part of your duty as a citizen is to put the common good before yours and frankly, I'm sick of ordinary Americans adopting the same "fuck you, I'll get mine" attitude they accuse the rich of having and then acting holier than thou toward them.

    Say they decide to pay the troops, what about the contractors who were promised money who are risking their lives as well? You think the mercenaries are going to be happy when they find out they might not be paid and that their contract may even be canceled? So how are they going to get their money?

    Also how will the troops be paid? That isn't even a guarantee. The foreigners who own the nations debt have to be paid before anyone else and that includes the troops. After the foreign debt holders are paid then the President can think to give priority to the troops, or to contractors, or to social security. And at some point, somewhere, some people aren't going to be paid. Which people can afford not to get paid for a month?

    And when a budget is finally passed, will that lost month's pay be included in the budget? The point is that this will fuck the system up internally, as well as fuck up the entire economy.

    1. Re:And what about contractors? by wtfamidoinghere · · Score: 1

      Say they decide to pay the troops, what about the contractors who were promised money who are risking their lives as well? You think the mercenaries are going to be happy when they find out they might not be paid and that their contract may even be canceled? So how are they going to get their money?

      Wait ... for a moment there, I thought you were talking about some point in history, somewhere lost in the Middle Ages....

    2. Re:And what about contractors? by smelch · · Score: 4, Interesting

      You're using a lot of scare tactics. Sometimes when a business spends itself in to a hole it has to make cuts and that hurts their employees. Guess what? We aren't living in gumdrop fairy land. A congress was elected with this specifically as its goal: Cut government spending. That's what they're trying to do, and they're being blocked. In their minds the problem of letting this problem go on is greater than the problem of laying off some people for a month. There is no magic bullet that leads to nothing but good. No matter which way we go to settle the debt issue, some people will be effed in the A. Disagree on ideology, but this whole "they're going to put grannies on the street!" scare tactics bullshit doesn't fly with me. I'd rather see politicans willing to make a hard, possibly unpopular, call than pussy-foot around and just spend more and more money, ignoring the problem, until we're unable to pull ourselves out by any means.

      This isn't to say the Republicans are right in the legislative track they want to take, but I think holding the debt ceiling as a poker chip is absolutely fair game. Why else would you have a debt ceiling? The other side is exaggerating the consequences by acting as if the worst possible allocation of funds is the only option when it isn't. That's lying to the American public in hopes of scaring them in to a position, and I don't think that is fair game at all. Perhaps you see lying as a valid political tool, and not the process of law. If that's the case, we'll just have to disagree.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    3. Re:And what about contractors? by Kagato · · Score: 4, Insightful

      The issue I take with that line of thought is it ignores what the debt ceiling is. The ceiling isn't spending the money. The budget is. When congress passed it's budget they know when and how much the ceiling was going to have to be increased. In the past decade the biggest factors for increased debt (according to bloomberg business news) was the Wars, the medicare drug program, and TARP. All of which the speaker, Eric Cantor, and Senate minority lead McConnell voted for. They helped run this tab up, and now they are threatening to walk out on the bill.

    4. Re:And what about contractors? by shentino · · Score: 1

      I'd put 10 percent of tax revenues dedicated to the sole purpose of paying down the national debt.

      And I'd end the bush era tax cuts.

      Neither of which is going to fly because we the people don't actually make decisions on what happens in DC.

    5. Re:And what about contractors? by smelch · · Score: 1

      Those are extremely good points. However, there is also the problem that the democratic controlled congress stopped approving budgets in this same timeframe. Meanwhile lots of laws since the medicare drug program and TARP are going to add to the deficit, and this spending is just going to happen without congressional approval of an overall budget. The fact that those programs were passed and that money was spent is more of a reason to not add more spending on top of it, which has happened. They passed those programs and now they want to make cuts because you can't keep spending that way. Using the debt ceiling as leverage to get the cuts they know need to happen seems to be taking responsibility for the spending they voted for by backing unpopular cuts as opposed to just laying low and hoping the problem goes away.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    6. Re:And what about contractors? by Magius_AR · · Score: 1

      The ceiling isn't spending the money. The budget is. When congress passed it's budget they know when and how much the ceiling was going to have to be increased.

      That's a poor argument. It's like me maxing out my credit card and then bitching to my credit card company for not raising my maximum spending limit because they should have "known I was going to continue running up debt". Perhaps they should have raised the debt ceiling before agreeing to spend money they didn't have?

      In the past decade the biggest factors for increased debt (according to bloomberg business news) was the Wars, the medicare drug program, and TARP.

      Not true. The wars I'll give ya. Medicare too, but that is one of the things the Republicans are drawing a hard line on reforming -- it's the Dems refusing to step up to that bill. And TARP paid for itself (actually a net gain). And the biggest runup you completely do not mention is all the spending under Obama's watch. The Stimulus bills and his healthcare program are huge expenses, all the more reason for the Republicans to draw a hard line: the bulk of our debt was generated by Obama and now he's trying to run the show on spending cuts.

    7. Re:And what about contractors? by Kagato · · Score: 2

      Or just not have the ceiling at all. Which is what every other major country does. Be that as it may the vast majority of the debt run up in the last 10 years is directly attributed to GOP budget policy. That's not my opinion, it's Bloomberg News. That's hardly a liberal rag.

      As far as the TARP, the projections show we'll have to wait until 2020 to see how much we actually get back.

    8. Re:And what about contractors? by TheLandyman · · Score: 1

      Exactly... The spending is controlled by the budgets and everything else except the debt ceiling. The debt ceiling exists to control how much revenue they need to collect to keep up with the budget. So, if my budget says I can spend $5tr, and my debt ceiling is $10tr (of which $9tr is already used) then I must make sure that I have revenues sufficient to make sure I do not hit my debt ceiling. Why is this so hard for people to understand. If we (4 of us) go out to dinner and order $100 worth of food, and I have a credit card with $20 available, the remaining $80 must be split by all of us at the table. You dont go into this situation thinking 4 people are going to bring $15, and there is $20 available on a credit card, and then blame the restaurant when the bill arrives and you dont have enough money. Everyone at the table has to pony up the extra $5 to cover. Even better, have everyone pony up $10 extra so that you dont have to use the gift card and can save it for an emergency. All that being said, I wholeheartedly agree that spending must be cut.. but you cannot just take a hatchet to the budget to everything that was already ordered. You can cancel the wine that hasn't been corked yet, you can cut desert, but the steak is already on the grill. You need to pay up and look big for this meal, but STOP going out to dinner for a while (to stick with the same analogy) until your credit card is paid off. I'm sorry.. but taxes have to go up.. be it in the form of higher sliding tax rates for rich people, or eliminating loopholes, or whatever. I don't want to pay more taxes, but I realize that the money has already been spent and it's time to pay the bill.

    9. Re:And what about contractors? by Wildclaw · · Score: 1

      before agreeing to spend money they didn't have?

      Money they don't have?

      Perhaps you, president Obama and all the clueless congress people need a lecture in where exactly the money comes from.

      The US simply can't run out of US dollars to spend unless there is a political problem. And what we have now is of course a political problem, not an economical one.

    10. Re:And what about contractors? by Wandering+Idiot · · Score: 1

      Congress already passed the budget, this is just attempting to renege on commitments already made. If they want to cut spending, this is the wrong way to go about it. The whole "debt ceiling" concept was just a bit of politcal convenience to free Congress from having to vote on every bond issue while still nominally maintaining their control of borrowing. We should have probably just passed an amendment to give the power to Treasury directly and leave Congress to control the spending side. Refusing to pay our bills is about to wreck the US's credit rating for the foreseeable future, which will make the interest rates on our debt higher, making it even harder to pay back, so, great job conservatives! By analogy, their solution to someone with a large student loan debt would presumably be to tell them to stop paying their bills and become homeless. This, plus the fact that they seem to think the Laffer Curve peaks somewhere around 0% tax for rich people means I probably won't be voting for a Republican anytime soon.

      Libertarianism seems fine as an abstract ideal (like most such things), but trying to bring it about by wrecking the existing society and returning to Feudalism seems as misguided as the Marxists who tried to bring about a perfect egalitarian society by setting up hierarchical dictatorships.

    11. Re:And what about contractors? by Magius_AR · · Score: 1

      If what you said was true, budgets wouldn't be necessary, nor would debt ceilings. Money is not infinite. Printing (and spending) more of it has ramifications. That's the entirely point of this debate. And you really are clueless if you think the economy won't be impacted by currency issues. Ask Zimbabwe if their problem is a political one and not an economic one.

  22. March on Washington! "We demand more debt!" by Danathar · · Score: 4, Funny

    So we should march on D.C. this week? What should I put on my sign? "More Debt NOW!"?

    1. Re:March on Washington! "We demand more debt!" by PortHaven · · Score: 1

      ++++

    2. Re:March on Washington! "We demand more debt!" by Nimey · · Score: 1

      How about "More slogans NOW".

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    3. Re:March on Washington! "We demand more debt!" by Anonymous Coward · · Score: 3, Insightful

      Uh, we already have the debt. We already spent the money. That part was easy, all those trillion dollar packages that nobody read had a whole lot of support.

      This is deciding whether or not we are going to pay the bills we already owe. That is why not paying would be so catastrophic.

      It's not a bankrupt nation, it's a deadbeat nation.

      Call your mortgage holder, tell them you have the money to pay, but you just arent going to anymore, and fuck them. It's a lot different than calling your mortgage broker and saying you cant pay due to legit hardship, and want to work out a plan to stay current.

      The first will destroy your credit instantly and get you hauled into court fast enough to make your head spin. People unwilling to negotiate with their creditors in good faith receive little mercy.

      The second is what responsible adults do.

    4. Re:March on Washington! "We demand more debt!" by Scareduck · · Score: 1

      That is an awesome comment.

      As the Slashdot commentariat has gotten ever more liberal over the years, it has also become a mirror for their talking points. In particular, hitting the debt ceiling is not the same thing as a default.

      The Treasury Department is due to pay off $30 billion in maturing short-term debt. But we also know that the Treasury has
      the ability to prioritize its payments and pay that particular $30 billion out of the $172 billion it collects in tax revenue. As the
      Bipartisan Policy Center has calculated, after paying $30 billion in interest payments in August, Treasury could, if it ceased all
      other functions (see page 13 of
      this document), also pay for Social Security, Medicare, unemployment benefits, and payments to defense contractors.
      Technically speaking, there is no need to default in the absence of a debt ceiling agreement.

      --

      Dog is my co-pilot.

    5. Re:March on Washington! "We demand more debt!" by Anonymous Coward · · Score: 0

      Sure, it's good for a cheap laugh... but you obviously don't understand the issue.

    6. Re:March on Washington! "We demand more debt!" by Machtyn · · Score: 1

      Maybe, "Don't blame me, I didn't vote!" That's sure to get some reaction, whether or not it's true.

    7. Re:March on Washington! "We demand more debt!" by gaelfx · · Score: 1

      You need to put "more spending on phone systems NOW" on the reverse. Always leave em guessing.

    8. Re:March on Washington! "We demand more debt!" by LateArthurDent · · Score: 1

      So we should march on D.C. this week? What should I put on my sign? "More Debt NOW!"?

      How about, "Read my sign: No more tax cuts (at least until we've got this debt thing under control. In the meantime, it's necessary to raise taxes)."

    9. Re:March on Washington! "We demand more debt!" by sweatyboatman · · Score: 1

      I haven't noticed Slashdot becoming more liberal, unless by "ever more liberal" you mean "there are still some liberals". It seems about the same mix as it did ten years ago.

      my question to you is: by what constitutional authority does the treasury department have the right to pay for certain things authorized by Congress and not others?

      --
      It breaks my pluginses, my precious!
    10. Re:March on Washington! "We demand more debt!" by sweatyboatman · · Score: 1

      How about: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned"

      I guess that's kinda long for a sign.

      --
      It breaks my pluginses, my precious!
    11. Re:March on Washington! "We demand more debt!" by Danathar · · Score: 1

      yea, plus there are too many college level words. WAY too complicated :)

    12. Re:March on Washington! "We demand more debt!" by Danathar · · Score: 1

      You do realize my original post was that of sarcasm right?

    13. Re:March on Washington! "We demand more debt!" by Danathar · · Score: 1

      No I understand it completely because WAS a cheap sarcastic laugh which is why I posted it.

    14. Re:March on Washington! "We demand more debt!" by NeutronCowboy · · Score: 1

      Explain that to the ratings agencies, who will send the US' AAA rating down the shitter at the first hint of anything looking like a default. This isn't high-school debate class, where you can score points based on semantics. People look at your actions, and then decide how to deal with you. You can scream "it's not a default" all you want - the people who matter won't believe you.

      --
      Those who can, do. Those who can't, sue.
    15. Re:March on Washington! "We demand more debt!" by RightSaidFred99 · · Score: 1

      Bullshit lies. We can pay our debts with or without raising the debt ceiling. We have enough monthly income to pay for it plus most other essential shit.

      It's kind of like some relative threatening that if you don't loan him $500 he can't pay his power bill, meanwhile he goes out and spends $50 a month on Starbucks, $100 on high end dogfood, $75 on movies, $200 on eating out, etc...

    16. Re:March on Washington! "We demand more debt!" by Anonymous Coward · · Score: 0

      The "more debt" part has already been voted and decided on by this congress. The debt ceiling vote is a vote to decide if one should pay back the money borrowed.

      Also, debt in itself is not a bad thing; everyone needs the ability to get debt to invest as an entrepeneur, homeowner, university study, get a car etc. The US is also in no short term debt problem. Debt can be a problem on a longer term if the amount of people out of work keep on being this high and the loopholes for the rich in the tax code is not closed.

    17. Re:March on Washington! "We demand more debt!" by Anonymous Coward · · Score: 0

      Actually, it is. It's more like buying a house and then not buying a second one, or waiting to buy the second one until you have paid off the first house. Don't raise the debt ceiling and you stop creating new debt, it's already been shown we could continue payments and not default.

    18. Re:March on Washington! "We demand more debt!" by Anonymous Coward · · Score: 0

      So we should march on D.C. this week? What should I put on my sign? "More Debt NOW!"?

      No reason for debt if you pay for what you are spending. Get your head out of your 3rd point of contact and march on Washington with a sign that says, "Let the Bush era tax cuts expire."

    19. Re:March on Washington! "We demand more debt!" by InsertCleverUsername · · Score: 1

      As the Slashdot commentariat has gotten ever more liberal over the years...

      Just as it only appears that the sun goes around the Earth, /. only appears more liberal because mainstream Republicans have been distancing themselves from science and rational, fact-based debate. Remember, just because you're attracted to some part of their platform doesn't mean you have to stop believing in evolution, the big bang, and global warming. Just keep quiet about those beliefs at the meetings, right?

      --
      Ask me about my sig!
    20. Re:March on Washington! "We demand more debt!" by anyGould · · Score: 1

      Apparently there is some concern that Treasury may not be able to prioritize payments (this article says legal reasons, but I saw another yesterday that said there's no technical setup for letting them choose which cheques are run and which aren't).

      But yes, there is a difference between hitting the debt limit and defaulting. Hitting the debt limit says "I'm not going to borrow any more money", while defaulting is reneging on existing agreements to pay back already-borrowed funds.

  23. Who voted for Murdoch? by elucido · · Score: 1

    I didn't vote for him. But he has the power to influence elections regardless of who the people voted for.

    1. Re:Who voted for Murdoch? by smelch · · Score: 1

      We voted for him with our eyeballs and dollars. Sorry you live in a society with a belief in the freedom to express your opinions and ideas. I know you must hate it. That's why you have to come here to express your opinions and ideas. But people don't give a shit about what you say, so it's not fair. Right?

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    2. Re:Who voted for Murdoch? by 246o1 · · Score: 2

      We voted for him with our eyeballs and dollars. Sorry you live in a society with a belief in the freedom to express your opinions and ideas. I know you must hate it. That's why you have to come here to express your opinions and ideas. But people don't give a shit about what you say, so it's not fair. Right?

      A dollar shouldn't be a relevant unit of power in a democracy.

      The legal obligations of purported news sources not to lie should be stronger, so at least one distortion on our system could be reduced. You think it's just sour grapes when someone wishes they could be heard, but when they are systematically excluded due to preferential treatment given to the wealthy, it's a legitimate complaint - at least, if you believe in anything like a democratic process.

      --
      Although the moon is smaller than the earth, it is farther away.
    3. Re:Who voted for Murdoch? by smelch · · Score: 1

      A dollar shouldn't be a relevant unit of power in a democracy.

      Why? I'm not ignoring the rest of your post, it's obviously thought out, but it all hinges on this belief. I do believe that most wealthy people got that way because they bring something of value that other people see and want to freely engage in to their mutual benefit. Sometimes people misjudge and it isn't to their mutual benefit and they're taken for a ride, but I think the free exchange of dollars is the most democratic process in the world. The fact that people freely engaged in trade with this man so he could get to where he is now in his position, is exactly democratic. The fact that he continues to make profit (in general) from doing what you're saying he shouldn't do validates that people want what he's selling.

      That you see this effect and think it isn't right makes me feel like you're the one who doesn't truly believe in the philosophies that democracy is built on. You see people disagreeing with you (in that they find value in Fox News in spite of the wealth of alternative sources of information) and you declare it to be anti-democratic because he is wealthy (because people find value in his other ventures and in Fox News), and more than that say you didn't vote for him and his wealth shouldn't be used to influence the national debate. People go to Fox News, people buy his papers and they do it of their own will, and you claim it to be not democratic? What do you want to do, shut him down? That doesn't sound very democratic and freedom-loving to me. It sounds like sour grapes. Stand on your own ideas, as he does, right or wrong. In the days of the internet it is easier than ever. Just look at the huffington post.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    4. Re:Who voted for Murdoch? by tbannist · · Score: 1

      Why?

      Fraud. Theft.

      There are many ways to transfer dollars, not all of them are ethical. Externalities are a huge concern, some people get rich by forcing other people to pay the real cost of their business. Cigarette manufacturers, oil companies, the mafia. Should they all be given larger voices because people give them money? Should the country be run by drug pushers and pimps if they have the most money?

      --
      Fanatically anti-fanatical
    5. Re:Who voted for Murdoch? by Cederic · · Score: 1

      You've correlating financial success with political success. That's an unsurprising correlation, but doesn't address the point you were specifically responding to: It shouldn't be a causation.

      Right now it's both.

      The vote of a poor person should be equally valid as the vote of a rich person, and by 'vote' I mean "ability to influence the outcome of an election".

      That's idealistic and pragmatically impossible, but the closer it's possible, the more democratic the election.

      (Whether elections should be democratic is a very different argument. Poor people are on average less intelligent, and I don't want policy dictated by stupid people. I'm also uncomfortable with excluding stupid people from the responsibility of participating in society. This is an internal conflict I haven't yet resolved).

    6. Re:Who voted for Murdoch? by riverat1 · · Score: 1

      A dollar shouldn't be a relevant unit of power in a democracy.

      Good luck with that after the SCOTUS's Citizen's United decision.

    7. Re:Who voted for Murdoch? by smelch · · Score: 1

      I share your same conflict. But Rupert Murdochs ability to broadcast his views is caused by his financial success, and the reception of his ideas keeps him a financial success. He deals in information and ideas. Conflating that to influencing an election in a disproportionate manner isn't that far from saying the charismatic should not be able to influence an election more than anybody else. Freedom of speech is critical to a well-functioning democracy, and those who's speech makes sense to people, and make an effort to communicate it to the most people are the ways speech impacts a democracy.

      Rupert Murdoch's views and the views he shows on his networks makes sense to people, if it didn't it wouldn't influence them. He has made an effort to communicate it, he runs a media empire. He is not a media monopoly, especially in the days of the internet, so I don't see a problem here. Many people hate Fox News, many people watch it. If you choose not to watch Fox News you aren't without news entirely.

      The whole argument of Rupert Murdoch influencing elections and nobody voted for him is transparent, and the same could be said of any political activist. I was just trying to show that his influence comes from people watching and reading his products, and the money he makes from that allows him to do more of it. That is an effect of democracy, the people are presented with information, they evaluate it, they make a decision.

      As an aside, I'm not sure how I feel about everybody getting a vote either. It is a sticky situation. I think with a perfect metric of what is "informed" it would make the most sense to only allow the informed to vote, but lacking a perfect metric as we are it does seem immoral to even try.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    8. Re:Who voted for Murdoch? by Anonymous Coward · · Score: 0

      I share your same conflict. But Rupert Murdochs ability to broadcast his views is caused by his financial success, and the reception of his ideas keeps him a financial success. He deals in information and ideas. Conflating that to influencing an election in a disproportionate manner isn't that far from saying the charismatic should not be able to influence an election more than anybody else. Freedom of speech is critical to a well-functioning democracy, and those who's speech makes sense to people, and make an effort to communicate it to the most people are the ways speech impacts a democracy.

      Rupert Murdoch's views and the views he shows on his networks makes sense to people, if it didn't it wouldn't influence them. He has made an effort to communicate it, he runs a media empire. He is not a media monopoly, especially in the days of the internet, so I don't see a problem here. Many people hate Fox News, many people watch it. If you choose not to watch Fox News you aren't without news entirely.

      The whole argument of Rupert Murdoch influencing elections and nobody voted for him is transparent, and the same could be said of any political activist. I was just trying to show that his influence comes from people watching and reading his products, and the money he makes from that allows him to do more of it. That is an effect of democracy, the people are presented with information, they evaluate it, they make a decision.

      As an aside, I'm not sure how I feel about everybody getting a vote either. It is a sticky situation. I think with a perfect metric of what is "informed" it would make the most sense to only allow the informed to vote, but lacking a perfect metric as we are it does seem immoral to even try.

      But how "news free" are you if you exclusively watch Fox News? Seriously, however, there is something of a difference when a corporation can deduct "informational" advertising? Change the law so all advertising was considered as tax free payments to the owners, with the owners owing taxes at income, not capital gains, rates, and I suspect much of this problem would go away.

  24. Hamilton wasn't interested in empire by brokeninside · · Score: 1

    The way you say that you want what the Federalists wanted and then put Jefferson and Madison in the camp of the Federalists cracks me up. While Madison was a Federalist early on (and helped Hamilton write the Federalists Papers), by the time the Constiitution was ratified, he was was agreeing with Jefferson on almost every issue and staunchly opposed the Federalists. The root of this dispute was largely over the centralization of the government. The Federalists favored a strong federal government. The anti-Federalist groups (like the Republicans that later formed into the Demoratic-Republican clubs which are not to be confused with the party of Lincoln) thought that a strong central government was doomed to end in tyrrany. The anti-Federalists lost that battle with the ratification of the US Constitution. They lost it again during Washington's presidency. By the time Jefferson was elected president, Federalist doctrine was so par for the course, that you'd be hard pressed to show the difference between his term and what the Federalists supported.

    The Anti-federalists lost again in the US Civil War. The so-called states' rights movement was really just a replay of the same old debate, except with guns and bayonets instead of broadsides and pamphlets. Lincon's Republican Party put a strong union headed by a powerful centralized government at the center of their platform.

  25. 511? by spottedkangaroo · · Score: 1
    New status code needed:

    HTTP ERROR 511: Website is Jammed.

    --
    Imagine if you weren't allowed to use roads because a bus company complained about your driving 3 times. --skunkpussy
  26. Slashdotted by alex67500 · · Score: 1

    Obama slashdotted his own communication services. Some people never learn hey?!

    1. Re:Slashdotted by Anonymous Coward · · Score: 0

      No, no, this is called "whitehoused", slashdot has nothing to do with it (yet)

  27. good one, Dan by PJ6 · · Score: 1

    "and that was rectified early this morning"

    Great doublespeak insinuating someone actively did something to fix the websites, when in reality the problem went away because people went to bed.

  28. DDoS attack by Anonymous Coward · · Score: 0

    Should the President be charged with inciting a DDoS attack ?

  29. Is it really unreasonable? by Anonymous Coward · · Score: 0

    At my house, making less than $40,000 a year, we have to live on a budget. We can't spend more than we take in as wages. We don't have the option of "raising taxes", that is, going to the boss and saying "I've overextended myself, give me more money or I'll lose my car!". We have to live within our means. That's something the United States government hasn't done in over 100 years, no matter which political party had the lion's share of power. It was passed on from my grandfather's generation to my father's generation, and now to mine. Is it really unreasonable to expect our elected representatives to want to solve the problem for the long haul, not just allow us to borrow another trillion or two to put it off ten years? I don't agree 100% with either approach. "Let's tax the rich! They've got it to spare!" is a popular battle cry that only results in more vitriolic rhetoric from both parties and class warfare. "Let's cut spending!" makes more common sense on the surface, but then you've got to look at what to cut. Obviously, we're wasting money SOMEWHERE, but nobody wants to make the hard decisions that might result in some lost public-sector jobs.

    A balanced approach is necessary. Cut the fat. Turn off the premium movie channels and quit with the T-bone steaks. Maybe our government needs to live on pinto beans and cornbread for a while, so to speak. Get rid of everything that's not necessary. Freeze spending on everything. Not one new project for 24 months. Then take that time to evaluate where the money was going and adjust accordingly until we're operating within our means.

    1. Re:Is it really unreasonable? by PortHaven · · Score: 1

      Absolutely unreasonable....if you're religious in your belief that Democrats (or Republicans) can do no wrong. And irrational enough to not be able to do the math and realize that $10 in and $20 out can't be done.

  30. Missing from the story by Attila+Dimedici · · Score: 1

    Missing from this story is that the White House switchboard was, also, jammed. This story makes it seem as if the people are supporting Obama against Congress, when in fact, they are mad at the whole lot of them.
    My question is this, how do you negotiate with someone who will not give you a list of what they want out of the negotiations? The Republicans have laid out in clear terms what their negotiating position is, the Democrats have, also, done so with Obama's budget from April, yet they are trying to tell us that that isn't their negotiating position. If that isn't their starting point for negotiations, what is it?

    --
    The truth is that all men having power ought to be mistrusted. James Madison
    1. Re:Missing from the story by Machtyn · · Score: 1

      Wait, wait, wait... you're asking for "Fair and Balanced" reporting? Sorry, you won't find any of that in any part of the world. I realize, the link is to a CNN report and I referenced FoxNews' tagline. My point sticks - there is no balanced reporting and they get lucky if it is close to fair.

    2. Re:Missing from the story by the+eric+conspiracy · · Score: 1

      Are you kidding? The Republicans aren't even sure if their own bill will pass the House.

    3. Re:Missing from the story by Attila+Dimedici · · Score: 1

      You are apparently unaware that the Republicans already passed a bill, that the Democrats in the Senate refused to consider. You may not like it, but they passed it. Now, they are trying to come up with another one. The Democrats have yet to put anyhting other than the budget Obama sent to Congress in April in writing (that was rejected by the Senate 97-0).

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    4. Re:Missing from the story by the+eric+conspiracy · · Score: 1

      You mean that political turd "Cut Cap Balance".

      Do you think that had any connection to reality? A bill dependent on a Constitutional Amendment that certainly would not get 2/3 vote or ratification by the states any time in the next decade?

      A complete charade intended only to entertain the most radical conservative faction of the Republican party?

      You have GOT to be kidding.

    5. Re:Missing from the story by Attila+Dimedici · · Score: 1

      At least the Republicans have put something on the table to look at and decide what you think of their priorities. What taxes do the Democrats want to raise? By how much? What programs are they willing to cut? By how much?
      So, you don't like the plan that the Republicans passed. I do not have a problem with that, but the Democrats have, so far, failed to offer an alternative. The Senate Democrats could pass a bill. They could even pass a bill that theoretically matches up to the "Cut, Cap, and Balance" bill and send the two bills to conference committee to have the differences ironed out. That would give us a comparison point to decide which party's priorities are less messed up. They haven't done that because they want you to assume that their priorities match up with yours (even when, by now, you should know better).

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    6. Re:Missing from the story by the+eric+conspiracy · · Score: 1

      So we have two ideas on the table:

      1. Pass a completely unworkable bill in order to score political points with the people that are going to vote for you anyway.

      2. Try to negotiate a bill that could actually work.

      Sorry, I'll pick 2 as being the more useful approach.

    7. Re:Missing from the story by Attila+Dimedici · · Score: 1

      No, we have two ideas on the table.
      1.) Lay your cards on the table and negotiate from there.

      2.) Claim to be willing to negotiate, but change your position as soon as it looks like there might be a deal.

      I will take 1 every time.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    8. Re:Missing from the story by the+eric+conspiracy · · Score: 1

      There is no negotiating with Cut Cap and Balance. It was emitted by the House with no discussion with people outside the Republican Party and there has been no follow-up by the Republicans using as a starting point for negotiations. If this is their real position why are they creating another bill?

      The fact of the matter is that CCB is Congressional Theater created to placate a certain segment of the Republican Party. It is a farcical completely unworkable bill dependent on the ratification of a constitutional amendment which would a long, drawn-out and ultimately a risky process that could set the US back years in the management of its budget issues if it fails.

      As far as Obama changing terms, that happens all the time during negotiations. Both sides have changed terms multiple times. It's a give and take process. I am sure you'd realize this if you though about it. When it does change as a responsible representative like Boehner is supposed to be able to handle it. You don't just pull a hissy fit and walk out on something of this level of importance. You just say no to the change and get on with the negotiations.

  31. Don't confuse Federalism with federalism by brokeninside · · Score: 1

    In most of the world, federalism is a political idea where a relatively weak central government helps a federation of more or less independent states govern themselves. Many of the Founding Fathers (Thomas Jefferson, etc.) were federalists of this sort but generally referred to themselves as Republicans or as Anti-federalists.

    During early American period advocates of a strong federal government (Alexander Hamilton, John Jay, George Washington -by the end of his second term anyway, etc.) adopted the name Federalists to descrbe themselves. So in the US, use of the word 'Federalism' tends to mean the opposite of what it does in other contexts.

    For a great read, look up the July 29, 1792 letter from George Washington to Alexander Hamilton in which Washington recounts the complaints he's heard from Republicans against the Federalists. The complaints are largely identical to Tea Party complaints of today right down to having problems with a strong central bank, exercise of executive power, and onerous taxes. Mind, you, Washington wasn't the one /making/ these complaints. Rather, he was itemizing them in order to find out how Hamilton would respond to them. Most likely they came straight from Thomas Jefferson.

    1. Re:Don't confuse Federalism with federalism by goldspider · · Score: 1

      Correct, and we have traded small-f federalism for big-f Federalism.

      --
      "Ask not what your country can do for you." --John F. Kennedy
    2. Re:Don't confuse Federalism with federalism by brokeninside · · Score: 1

      The problem with saying that is ever since the US Constitution was adopted, the US has had a big-F Federalist government. So whatever trade happened over 200 years ago.

  32. Once the avalanche has started... by Anonymous Coward · · Score: 4, Informative

    ...it's too late for the pebbles to vote. Regardless of your fiscal outlook, the fact is the debt ceiling must be raised, simply because of economic inertia. Fiscal conservatives may be correct that less government spending is good - but that perspective doesn't matter today, as our economic difficulties are the result of decisions years, maybe decades past. If you want to avoid raising debt ceilings in the future (a goal I actually support), that's fine - we can have a discussion on the best fiscal policy to pursue over the next ten years in order to achieve that. But *today* is not the time to debate *this* particular ceiling. That discussion should've happened ten years ago. Playing with the cap today is irresponsible at best, and cynical exploitation of economic trouble created, in part, by an ex-president from your own party, to secure a victory in 2012 ... well, not even at "worst", as that's pretty much exactly what the Republicans are doing.

    The point is, you don't change economic trends overnight. The necessity of raising the debt ceiling cannot be altered today, even with the best intentions. I want to stay balanced and not single a particular side for blame, but it seems that the politicking is all about discrediting the sitting president to hurt his incumbent standing in 2012, rather than any form of principled economic disagreement.

    Btw: captcha: "defraud"

    1. Re:Once the avalanche has started... by iggymanz · · Score: 1

      I reject your notion that raising the debt ceiling is necessary. Spending can be cut, the federal government can be lobotomized and dismembered. All the while continuing to pay for social security, which brings in more than it pays at the moment. For medicare just add robust public option to health care law, that will collapse the big insurance, big pharmy, big healthcare chain cartels

    2. Re:Once the avalanche has started... by Anonymous Coward · · Score: 0

      By "seems that" it's about discrediting Obama, you mean it's an explicitly stated top priority of, e.g., the House Speaker?

      I agree with your point, but these guys haven't made a whole lot of sense in a while, and we keep voting for them.

    3. Re:Once the avalanche has started... by Anonymous Coward · · Score: 0

      I reject your notion that raising the debt ceiling is necessary. Spending can be cut, the federal government can be lobotomized and dismembered. All the while continuing to pay for social security, which brings in more than it pays at the moment. For medicare just add robust public option to health care law, that will collapse the big insurance, big pharmy, big healthcare chain cartels

      Yes, we can pardon every person convicted of federal non-violent drug offenses, releasing them from federal prisons (into red states, of course), and consolidating the prisoners in a few select institutions (in blue states naturally) The president can order the troops home from all foreign locations, rebasing them in the US, (in blue states, of course). The president can cease all federal road work, and completely refuse to fund any earmarks (in red states, of course). He can even cease funding for the federal court system so he can't be sued. (Without the stoners there should be plenty of room in the remaining federal prisons for people who protest these actions, and with no judges, habeas corpus is a null factor, correct? Not to mention the money making opportunities, "Hi, Mr. Hedge Fund executive, here is your cell, until we can fund the court system. You'll be sharing with Bubba, here, who indeed has had some personal boundary issues with previous cellmates, but we think will do much better now. And just remember, if you do want to plead guilty and pay that 1/4 billion dollar fine, we will have someone here within 45 minutes, maybe as fast as a 1/2 hour, from when you start screaming like you were being raped to death.")

      Assuming that the Republicans are sane, there is no way they will give Obama this much power, and if they do they will never do it again.

  33. I baffles me... by Derekloffin · · Score: 1

    How can Republicans hold to the position: "We must have a balanced budget", which by itself is perfectly fine, then add to that, "but we won't let you increase your income"? These 2 principles do NOT go together. If you remove 1 of only 2 fundamental tools to achieving a balanced budget from the table, then it beyond ridiculous to expect a balance budget be enforced this way. This is even more true of a government than it is to a household, as governments typically have some very inflexible spending requirements.

    1. Re:I baffles me... by dcollins · · Score: 1

      Mod this up.

      --
      We know where leadership by an anti-intellectual "strongman" who scapegoats minorities and likes boisterous rallies goes
    2. Re:I baffles me... by ElectricTurtle · · Score: 1

      Because if any person or organization could just 'increase income' to balance their budgets, they would have done it before the budget needed balancing. If I could simply 'raise my income' right now, I'd do it, as would any organization, but growth is not that simple. Only the government by way of monopoly on force has the magical ability to hand wave some legislation and suddenly there is more income, at the cost of citizens having less money.

      When just about every other person or organization needs to balance a budget, they tighten belts and cut things, because they don't have a magical ability to pass laws and get other people's money.

      Tell me, if raising income is so easy, why aren't you doing it right now? Why aren't you doing it all the time? Why isn't everybody? Raising income is hard, and in almost every case the bulk of what can be done is already done.

      It sure is easy to raise income though when you can throw people in jail who don't pay you.

      --
      I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
    3. Re:I baffles me... by Derekloffin · · Score: 1

      First, many times yes, dealing with depts does involve getting a second job, getting a temporary loan, seeking investors, etc. Beyond that, as I said typically all organizations don't have to deal with many of the issues governments do on the spending side. Governments have inflexible spending requirements that a household, or for that matter other organizations, don't. If a company wants to close 10 factories to cut costs, they can. If a government wants to cut 10 divisions of the military, they most often can't (particularly because a good chunk of the legislators won't allow it). As such I stand by what I said, you can't simply say "no new taxes" and expect to enforce a balanced budget. It is ludicrous to expect it to work. You can argue every tax hike attempted, but just laying that up front as a condition is a non-starter for any government.

    4. Re:I baffles me... by Anonymous Coward · · Score: 0

      The simple answer to your question is: "The budget should be based on income". You don't come up with a budget and then demand an income to match it. Unless you're the US gov't, apparently.

      My ideas to fix this mess we call a government: term limits, closed tax loopholes, across-the-board cuts, entitlement reform, increased taxes for every citizen, wall-street regulation reform, the rise of a viable 3rd party, more tax breaks for small businesses, and a strict law to enforce "campaign promises".

    5. Re:I baffles me... by x6060 · · Score: 1

      Actually It makes sense if your goal is to have a smaller government. Personally I agree that government spending (and funding) should be cut severely.

    6. Re:I baffles me... by ElectricTurtle · · Score: 1

      That's the sort of thinking that got us into this mess. More debt is not income, and will not solve the problem of debt. (The analogy further doesn't work in the absence of addition employment or investment.)

      The argument that government 'can't just cut things' because that would be politically unpopular is a non-starter when one is trying to argue that they can just raise taxes even though that is politically unpopular. There are a lot of worthless mandates that could be cut without even significantly impacting government employment. For one, all foreign aid should be wiped off the budget immediately. There is no excuse to subsidizing other countries when we can't pay our own bills. Yeah, you can argue that a couple dozen billion isn't a significant part of the budget, but it adds up.

      The government can overhaul its assets. Did you know that the Obama administration has presided over a 70+% increase in government acquisition, deployment and maintenance of limousines for bureaucrats? Sell that shit and let them drive economy cars. Sell government land and buildings that are no longer worth the upkeep. There are a lot of things that can be done that don't involve cutting benefits, but those things don't make for good grandstanding so they are being ignored. The fact is that governments at every level always try to leverage important programs as a tool to raise taxes while also trying to sweep the egregious waste under the carpet. They know people don't want to cut schools and police, etc. but they would probably cut arts funding or landscaping or funding for team-building retreats or whatever, but those oddly enough are never on the table, never discussed. It's always 'cut important things that you like or raise taxes'. It's a false dichotomy, and I'm not getting on any 'we've tried nothing and we're all out of ideas' bandwagon.

      --
      I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
    7. Re:I baffles me... by radtea · · Score: 1

      Raising income is hard, and in almost every case the bulk of what can be done is already done.

      This reminds me so much of the people I used to debate back in the '80's about the deficit: I would inevitably be told that in some cases government deficits were good things. I was always put in mind of some criminal CEO (but I repeat myself) sitting on a dock sipping a drink and telling a man who was drowning in the lake beside him, "Water is necessary for life. I don't see why you're complaining about being over your head in it."

      You're doing the same thing here: bringing up a general case that is completely irrelevant to the specific case at hand. In the specific case at hand US government revenue is near historic lows. So while in many cases the build of what can be done has been done, that is transparently and obviously not the case here.

      Let me repeat that for you: American tax rates have been MUCH higher in living memory. There is absolutely no impediment to raising them now except the raw greed of the ultra-rich oligarchs who rule the US. Unfortunately, they are not completely in control of the international financial system, and are going to lose control how that the base irrationality of their policies has been revealed. Their program is bankrupt in every sense.

      Oh, and back in the '80's: my side won the argument, so here in Canada we had balanced budgets to go along with our universal health care system in the 90's and 00's until your toxic oligarchs smashed the world economy, and we had the misfortune to elect a bunch of "no tax growth" "conservatives" who are busy looting like mad. Fortunately our democracy still works, so they won't last.

      --
      Blasphemy is a human right. Blasphemophobia kills.
    8. Re:I baffles me... by ElectricTurtle · · Score: 1

      Slavery was much higher in the past, so why don't we reinstitute it too? Argumentum ad antiquitatem is a pretty sad fallacy. Just because it was done before does not make it right or good. As far as I'm concerned, lowering the extortions of previous ages has been a good first step. I don't care who is involved, whether "ultra-rich oligarchs" or unskilled laborers, each individual is entitled to as much of the product of their own labor and intellect as is feasible.

      --
      I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
    9. Re:I baffles me... by sweatyboatman · · Score: 1

      I am sure that cutting the limousine fleet will save several trillion dollars over the next 10 years. problem solved! you are a genius!

      --
      It breaks my pluginses, my precious!
    10. Re:I baffles me... by Anonymous Coward · · Score: 0

      How can Republicans hold to the position: "We must have a balanced budget", which by itself is perfectly fine, then add to that, "but we won't let you increase your income"? These 2 principles do NOT go together. If you remove 1 of only 2 fundamental tools to achieving a balanced budget from the table, then it beyond ridiculous to expect a balance budget be enforced this way. This is even more true of a government than it is to a household, as governments typically have some very inflexible spending requirements.

      How can a family trying to meet a budget not understand that only x number of dollars come in every month and the boss is not going to give you a raise b/c you can't pay your bills this month cause you overspent on Christmas?

    11. Re:I baffles me... by ElectricTurtle · · Score: 1

      It's an example you disingenuous fool. Things like that, added together, can equal billions across the various agencies.

      --
      I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
    12. Re:I baffles me... by xelah · · Score: 1

      The simple answer to your question is: "The budget should be based on income". You don't come up with a budget and then demand an income to match it. Unless you're the US gov't, apparently.

      Basing a government's budget on its income means cutting back heavily during recessions and increasing spending during booms. That's a stupid thing to do for several reasons. There are costs associated with running down or ramping up government services - like training and recruiting staff. Demands on governments - unemployment benefits, crime and suchlike - go up when your income goes down and vice versa. Finally, cutting spending in a recession and increasing it in booms makes economic cycles worse.

      Balancing the budget over the cycle is much better. The problem is that governments don't prepare for recessions during booms. The public don't care about the deficit or paying back debt when everything is going well and so politicians do nothing about it. All your measures would all get reversed once the deficit was out of the headlines and people's minds and crime/poverty/terrorism/war/healthcare/whatever was back in.

    13. Re:I baffles me... by Mab_Mass · · Score: 1

      Each individual is entitled to as much of the product of their own labor and intellect as is feasible

      I'm fine with this if a person can succeed completely on their own without any help from others. In other words, they need to grow their own food, make their own tools, mine their own ore, etc., etc.

      The fundamental fallacy of the libertarian ideal is that people are independent entities. This is completely false. For my day to day existence, I depend tremendously upon a very large number of people. Just look around you. What percentage of the items around you did you make entirely on your own? My guess is none. Even if you built everything yourself, you almost certainly used tools made by somebody else.

      Another flaw to the argument is the idea that everybody earns what they are paid. For some of the top earners at hedge funds, they can take home MILLIONS in a day, far more than the lifetime earnings of a teacher. Do you honestly think that a hedge fund manager contributes more to society in a DAY than a teacher does in a lifetime? I'm not saying that everybody should be paid the same - there are clearly examples of types of work and sets of skills whose true value is greater than others. My point is that income is often not a measure of how much value a person contributes - it is more a measure of how close they sit to money.

      Yet another fallacy to your idea is the concept that wealth is a linear scale. It isn't. In order to survive, there is a fundamental minimum requirement, which many people struggle to meet. Beyond that, there is a range where people can comfortably survive, but they are not able to advance themselves. Beyond that, there is what I'm guessing most /.ers lie - a range of income where basic comforts can be easily met, with money left over to pursue different interests. Somewhere far down the scale, there exists a class of people who rarely work and who have so much wealth, they can spend the yearly earnings of other people to buy a fancy watch. The whole idea of a progressive tax system acknowledges this non-linearity and asks those who are taking the most from society (ie, the rich) to give back proportionally more.

      So, fundamentally, I agree with you - a person should be able to keep what they earn, but that is very, very different from saying that they get to keep all of the money that they take in, especially when they depend so greatly on others for that money to keep flowing. Furthermore, as a general rule, the more money you take home, the more people you depend on to make sure that you keep getting paid.

    14. Re:I baffles me... by CyprusBlue113 · · Score: 1

      If you don't mind becoming Somalia in the process. You can't just call your credit card company and tell them "Screw you, i have the money, but i refuse to pay for things i bought" and expect no consequences.

      --
      a handful of selfish greedy people are no match for millions of selfish, greedy people -u4ya
    15. Re:I baffles me... by Anonymous Coward · · Score: 0

      I admit that borrowing and tax rate adjustments could be effective tools to keep the government on a steady pace, to weather bad times. I also agree that the budget should be balanced "over the cycle" as you put it. That's pretty much exactly what I was trying to say, because it's silly to drastically alter a budget based on short-term windfalls or losses. However, it is equally dumb to insist on an unrealistic budget forever. It has to be balanced at some point.

    16. Re:I baffles me... by Anonymous Coward · · Score: 0

      Politifact rating of the limousine increase: Mostly False.

      http://www.politifact.com/truth-o-meter/statements/2011/jun/27/michele-bachmann/michele-bachmann-claims-federal-limousines-73-perc/

    17. Re:I baffles me... by raw-sewage · · Score: 1

      The fundamental fallacy of the libertarian ideal is that people are independent entities. This is completely false. For my day to day existence, I depend tremendously upon a very large number of people. Just look around you. What percentage of the items around you did you make entirely on your own? My guess is none. Even if you built everything yourself, you almost certainly used tools made by somebody else.

      They used to say communism works in theory, but I don't think that old saying still applies. It really doesn't work, if you pick apart the details. I think libertarianism is the same thing: from the big picture perspective, it sounds great, but beyond that, it's logically flawed---it ignores the reality that human nature and human institutions are imperfect and corrupt. Or the idea that the "free market" is the solution to everything---my understanding is that a perfect market is one with a truly level playing field. A truly level playing field is one in which all participants have access to complete information at all times---how is that possible under any circumstances? A perfect market, with a truly level playing field is simply not possible, not even "in theory". So our current system is broken, but the libertarians want to replace it with something that is logically also not perfect.

      While I feel that regulations are a double-edged sword, I do think they make my life better. And this goes back to the comment I quoted above: how can anyone think that their life would truly improve if all regulations were removed? Think about how hard your life would be: is the water you're drinking safe? Is your food tainted? Are the buildings in which you live and work structurally sound? Are they wired safely? Are the consumer electronics you're buying filled with mercury or other heavy metals? Are they going to electrocute you when you plug them in? I think the anti-regulation people (libertarians, right?) either don't recognize or at least take for granted how much "free" comfort they get due to regulations. And they always come back and say, but there would be independent businesses, bound by contract law, that would audit foods and structures and consumer products for safety (e.g. Underwriters' Laboratories). But how can anyone think that for profit "regulators" would really work in the interest of the public? They will be paid by the companies making products, and their first priority will always be profits. And how can we audit those private companies, to make sure they are actually honoring their contractual obligations? See my comment above about a level playing field. Furthermore, necessarily, products that are "regulated" by these for-profit companies will cost more. So poor people are further screwed, as they will be less likely to afford the "safe" stuff.

      Another flaw to the argument is the idea that everybody earns what they are paid. For some of the top earners at hedge funds, they can take home MILLIONS in a day, far more than the lifetime earnings of a teacher. Do you honestly think that a hedge fund manager contributes more to society in a DAY than a teacher does in a lifetime? I'm not saying that everybody should be paid the same - there are clearly examples of types of work and sets of skills whose true value is greater than others. My point is that income is often not a measure of how much value a person contributes - it is more a measure of how close they sit to money.

      I have yet to have someone explain to me why libertarianism isn't another term for social Darwinism. The fundamental underpinnings of a market economy are supply and demand. What work an individual performs is a function of his personal "supply". That is, his talents, aptitudes, and/or interests. Not everyone can make the big bucks, for one reason or another. As the parent said, most jobs don't pay in proportion to their benefit to society. I just don't get it: how can a pure market economy and

  34. So only your opinion counts? by Chemisor · · Score: 1

    The last time I checked, the US was still a democracy. Currently, 47% of the country (including me) would prefer to not raise the debt ceiling, while 42% (presumably including you) are all in a panic that not raising it would be a catastrophe. I am tired of the government borrowing money on my behalf, while you would like your debt to be even more than the $46,137.29 it is now. When do you plan on paying this debt back? Ours are therefore opposite and irreconcilable positions, perfectly reflecting the opposite and irreconcilable positions held by the two parties in Congress. What you are proposing that your view must be imposed on everybody in the country, ignoring the views of the other 47% of americans. That's not how democracy works. That's how a dictatorship works. If you like that system, try moving to China or something. In America we try to not allow a minority dictate the majority what to do (even though, unfortunately, it does happen).

    1. Re:So only your opinion counts? by 246o1 · · Score: 1

      Chemisor, that's ridiculous - tons of things happen that poll as 5% less popular than the other option. The debt crisis involves a complex series of tradeoffs, and polling along the lines of "would you rather let millionaires keep their tax cuts, or cut all services to the poor" might get us more accurate information.

      After all, we could avoid raising the debt ceiling by simply instituting a serious estate tax and bringing up marginal rates on the superwealthy to something close to first-world standards. Or we could do it by getting rid of SS (but keeping the SS taxes). Or by firing all our teachers. Lots of ways to go about it, and a simple 47-42 majority in a poll you read shouldn't dictate policy the way you indicate.

      --
      Although the moon is smaller than the earth, it is farther away.
    2. Re:So only your opinion counts? by Chemisor · · Score: 1

      a simple 47-42 majority in a poll you read shouldn't dictate policy the way you indicate.

      So what other method do you propose? Democracy works by majority vote. You have your opinion on how to solve economic problems, I think they are bollocks and have my own opinion. In a democracy we tally up all the people who agree with each opinion and majority wins. Sure, it is possible to install you as the King of Amerka, make your word law, and then you can do whatever you want, including raising taxes on the rich, eliminating social security, or whatever else you want. Except, why should you get the job? Why not give the job to me, and make my opinions law? Back in medieval times this question was settled on the field of battle. Today I prefer voting to swords and spears, thank you very much.

    3. Re:So only your opinion counts? by D'Sphitz · · Score: 1

      I just wonder what rock you people crawl back under when there is a Republican in the white house.

    4. Re:So only your opinion counts? by SiChemist · · Score: 1

      The latest (yesterday's) Pew Research Center poll shows that an overwhelming majority (68%) say that "Lawmakers who share their views on this issue should compromise, even it means striking a deal they disagree with."

      That sounds like most people want the debt ceiling raised AND they want it done in a bi-partisan, share-the-pain manner.

    5. Re:So only your opinion counts? by Bill_the_Engineer · · Score: 1

      The last time I checked, the US was still a democracy.

      Check again, the US is a republic. We elect representatives to represent our interests in Washington DC. We do not have a direct vote.

      Currently, 47% of the country [firedoglake.com] (including me) would prefer to not raise the debt ceiling, while 42% (presumably including you) are all in a panic that not raising it would be a catastrophe.

      Please try to link to the actual Pew Research Poll and not a partisan blog. Please note that the numbers you are quoting are for a poll done during July 7-10 and has a margin of error of +/- 4% therefore it shows a virtual tie.

      Another poll that was done during July 20-24 shows "Fully 68% say that lawmakers who share their views on this issue should compromise, even it means striking a deal they disagree with. Just 23% say lawmakers who share their views should stand by their principles, even if that leads to default."

      What you are proposing that your view must be imposed on everybody in the country, ignoring the views of the other 47% of americans. That's not how democracy works. That's how a dictatorship works. If you like that system, try moving to China or something. In America we try to not allow a minority dictate the majority what to do (even though, unfortunately, it does happen).

      So now that 68% of people questioned wants a compromise deal to raise the debt ceiling do you still stand by your convictions? Or will you be the one trying to subvert the will of the people?

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    6. Re:So only your opinion counts? by butalearner · · Score: 2

      The debt crisis involves a complex series of tradeoffs, and polling along the lines of "would you rather let millionaires keep their tax cuts, or cut all services to the poor" might get us more accurate information.

      This is the point. I suspect that 47% (not a majority, mind you, just a plurality) has wildly different ideas about how to go about balancing the budget. We already know that 72% of Americans support raising taxes on the highest tax bracket. Plans for reducing and eventually eliminating the deficit *should* be on the table at all times, but we shouldn't be held hostage by the debt ceiling. Obama should do as Clinton said: raise it and let the court figure it out. He cares way too much about getting re-elected though.

    7. Re:So only your opinion counts? by Pewpdaddy · · Score: 1

      Any news on where the TARP money is? It's quite a few zero's short but lets see if Tea Party can weasel in writing those holdings off completely. Have any of the business'es we "saved" to "save" our economy come running in saying they can lend the government some cash? Or are we looking for any bottom feeder with cash/gold? I'm pretty sure China has just about cut their losses.

    8. Re:So only your opinion counts? by Chemisor · · Score: 1

      So now that 68% of people questioned wants a compromise deal to raise the debt ceiling do you still stand by your convictions?

      If you read a little further down you'll see that it is mostly the democrats who want to compromise. Republicans are about evenly divided. If our representatives were to follow these polls, the result ought to be that republicans should stand firm on their plan and let the democrats compromise on theirs.

      Second, compromise does not mean surrender. Many people would like to see the debt accumulation stop sometime soon, but would be uneasy about making it happen next week. Raising the ceiling will not solve the problem; it merely postpones it. Soon somebody will have to make the choice to either default or inflate and default. There is no other outcome possible.

    9. Re:So only your opinion counts? by AlamedaStone · · Score: 1

      Soon somebody will have to make the choice to either default or inflate and default. There is no other outcome possible.

      Well there is that old saw about paying their fair share. I don't know about you, but I'm more than a little angry that people of tremendous wealth pay lower tax rates than me (as well as the vast majority of the American public) - and lower rates now than in more than 50 years. These are not "job creators", these are wealth aggregators. Close the proposed loopholes and end the Bush tax cuts. Use the money to *actually* stimulate the economy through public works, national infrastructure programs, and (housing) debt relief for the most vulnerable. When unemployment shrinkage is well-underway, THEN we can have a serious talk about the deficit.

      I'm all for reducing spending, but hacking up the safety net in a time of great national need is irresponsible and cruel. Maybe we can stop designing drones and battlefield HUDs for 5 years instead of forcing families into the street. Those families aren't going to disappear. There will be consequences.

      --
      "All these years believing you're the signified monkey, only to find out you're just a big hunk of nobody cares."
    10. Re:So only your opinion counts? by operagost · · Score: 1

      I'm not sure what you're talking about, but I'll just guess you're blaming Tea Partiers for TARP.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    11. Re:So only your opinion counts? by Bill_the_Engineer · · Score: 1

      If you read a little further down you'll see that it is mostly the democrats who want to compromise. Republicans are about evenly divided. If our representatives were to follow these polls, the result ought to be that republicans should stand firm on their plan and let the democrats compromise on theirs.

      Sorry but the total is what really counts. No political party's views has any more statistical wieight than the other. Face it 68% of the people asked wanted the debt ceiling to be raised. I didn't see a party breakdown in your quoted poll results nor in the partisan blog. Wow my suspicions are confirmed, as soon as the numbers countered your argument you abandoned the "democracy stance" and ran straight to party politics. Where's your spine?

      Second, compromise does not mean surrender. Many people would like to see the debt accumulation stop sometime soon, but would be uneasy about making it happen next week. Raising the ceiling will not solve the problem; it merely postpones it. Soon somebody will have to make the choice to either default or inflate and default. There is no other outcome possible.

      Oh moving the goal posts with weasel words aren't we? No one said that compromise is surrender. Your original post stated unequivically that 47% of the country didn't want to raise the debt ceiling. All I did was show a poll done by the very same group two weeks later that showed that opinions have changed and now 68% of the country not only want to raise the debt ceiling but wanted it raised even if it meant that their party had to make a compromise.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    12. Re:So only your opinion counts? by Chemisor · · Score: 1

      Well there is that old saw about paying their fair share. I don't know about you, but I'm more than a little angry that people of tremendous wealth pay lower tax rates than me (as well as the vast majority of the American public)

      If you were to check the actual numbers, you'd discover that the rich pay way more than their fair share. The top 10% richest americans pay half of all taxes, while half the country pays no income tax at all. I don't know what kind of a perverted mind can call this arrangement fair. If anything, it is the poor who are not paying their share.

      Close the proposed loopholes and end the Bush tax cuts.

      In case you have forgotten, the Bush tax cuts only reduced the top bracket by 4%. 4%*50%*$2.7e12 = $54 billion - practically a rounding error in the budget. Furthermore, neither this nor closing loopholes will likely result in actual revenue increases. The rich have accountants who know how to pay less in taxes (legally, and fairly, as you can see from the totally unfair payment distribution above) and will rearrange those incomes that used to fit into those loopholes into whatever other ventures that avoid your tax increase.

      Use the money to *actually* stimulate the economy through public works

      Yeah, sure, and do you expect the government to "stimulate" the economy continuously? You left wingers think that all the underlying economic problems will just go away if you spend enough money, while forgetting that it is this excess spending that has created the problem in the first place. The housing market can't "rebound" because bubbles by their nature are not self-sustaining. You can't have continuous growth - eventually the prices come down, supply is bloated, and lots of people employed in the sector become unemployed. That's perfectly normal when you create fake demand by government subsidy and then stop it. Government spending creates bubbles - which create people employed in making things nobody needs. Why are you surprized that they are now unemployed? Why should we all continue funding the creation of things nobody needs? Stop government spending, and things will go back to normal after a time.

      I'm all for reducing spending, but hacking up the safety net in a time of great national need is irresponsible and cruel.

      When you donate your money to charity, you inevitably create people who start to depend on it. When you can no longer afford to donate, those people will suffer. It's a fact of life. The United States can no longer afford to give out as many handouts as before, so people depending on them will suffer. More debt is not the answer. Getting people off welfare is the answer. Stop printing money so we can get some deflation, and our wages will finally be competive in the world market, which will bring jobs back home. Default on the debt, so the interest rates can rise and give those poor retirees some interest income on their savings accounts. Get rid of social security by immediately refunding all the money paid into it. Do these things and you'll have a balanced budget without having to steal more money from everybody by raising taxes.

    13. Re:So only your opinion counts? by Chemisor · · Score: 1

      Sorry but the total is what really counts. No political party's views has any more statistical wieight than the other. Face it 68% of the people asked wanted the debt ceiling to be raised.

      You are right. I apologize for my unsuccessful attempt to find hope in a bad situation. It does seem that 68% of the country are not interested in fiscal responsibility. I'll just have to deal with this fact and once again revise my estimate of average human intelligence.

      now 68% of the country not only want to raise the debt ceiling but wanted it raised even if it meant that their party had to make a compromise.

      To be fair, the poll only asked about compromise. They didn't ask "should the debt ceiling be raised no matter what?" Nevertheless, I concede the point.

    14. Re:So only your opinion counts? by Pewpdaddy · · Score: 1

      Not necessarily they all work for the banks and the ABA has been trying for some time to get the TARP holdings swept away, meaning anyone who has yet to pay up won't have too. My bad for sticking the FOTM hatemongerer up there, but politics are broken no matter your affiliation. Anything and everything they say is very likely false. I mentioned TARP because we are the one who bailed them out, and they are the ones sitting back and laughing at this mess.

    15. Re:So only your opinion counts? by SomeKDEUser · · Score: 1

      Sorry, but do you realise mortgages are debt? Do you realise that a 50 000 $ mortgage is a piffle?

      Does that help you put into perspective the actual amount of debt the US has? i.e. not much, and the mere concept of a debt ceiling is cretinous in the first place.

      For such a tiny amount of debt, you get to have a working (well, sometimes) government, justice system, law enforcement, clean air, roads, schools, 3 wars, unemployment benefits, health benefits etc.

      The amount of debt you have does not even need to go down, it just needs to get smaller -- or the same -- compared to GDP.

      Also, about democracy: since when do opinion polls be democracy? This is one of the most aggressively stupid thing I have seen written anywhere in a long time. When the US defaults, and realise this: paying the interest is not enough not to default, if you stop paying your employees, you are in default, and it will be treated as such by the rating agencies, borrowing will become somewhat harder.

      And I cannot see any benefit you, as an American can possibly derive from it. Of course, you are lucky in the sense that the US is in a liquidity trap situation, and it may even be that the interest rates will not rise.

      This brings us to the next point: if your interests rates are so low that people are practically paying you to get their money, and simultaneously, you are in a situation where you need investments, and you do not borrow to invest, you are an idiot.

    16. Re:So only your opinion counts? by Bill_the_Engineer · · Score: 1

      It does seem that 68% of the country are not interested in fiscal responsibility.

      You've confused fiscal responsibility with responsible governance. Time for fiscal responsibility is while the budget is being negotiated. Now that we have a budget, it is congress' job to make sure that the government continues to operate. There is always next's years budget and quite frankly it is more honest and honorable to have sincere debates during the budget negotiations and stick to the agreement once it has passed and signed into law.

      The only thing the house republicans have proved is that they can't be civil during the negotiation and, once an agreement has been reached, they can't be trusted to honor it.

      I'll just have to deal with this fact and once again revise my estimate of average human intelligence.

      Yea. I grapple with the same problem every time a right winger asks for my money while at the same time calling me a RINO.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    17. Re:So only your opinion counts? by iggymanz · · Score: 1

      To be fair, it also means they want cooperation in future cuts and budget balance.

    18. Re:So only your opinion counts? by Anonymous Coward · · Score: 0

      No, it's not a democracy.

      Luckily for us important matters like this are not put up to popular vote, because I am willing to bet the majority of the population are not financial experts, and are easily swayed by emotion.

      Like Obama'a completely phoney, not based in fact at all, scare mongering about not sending Soc Sec checks or paying soldiers anymore unless he gets his way.

      Or Boners completely bullshit stance that we rewrite the constitution, and he will scuttle the whole goddamn country if he doesn't get his own way.

    19. Re:So only your opinion counts? by Wyrd01 · · Score: 1

      If you were to check the actual numbers, you'd discover that the rich pay way more than their fair share. The top 10% richest americans pay half of all taxes, while half the country pays no income tax at all.

      I think that statistic just demonstrates how crazy, out-of-whack rich the top 10% really are. They pay the majority of the taxes because they have the majority of the money.

      According to this page the top 10% hold about 75% of the nations wealth: Wealth Distribution Seems like if we're talking about "fair shares" then they should be paying about 75% of our taxes and not just 50%.

    20. Re:So only your opinion counts? by AlamedaStone · · Score: 1

      I have to blink a little to clear the blind rage at your willful ignorance and reckless, arrogant selfishness. It isn't worth my time to rebut all of your Reagan-era talking-point bullshit. You live in a country whose ideals you spit on with your "reduce the surplus population" attitude. Fucking over the poor and padding the accounts of the mega-wealthy makes for great quarterly reports but it is tearing this nation apart.

      If the only number that matters to you is Number One, go find a nice bunker somewhere and let the rest of us care for our countrymen.

      For people interested in actually learning about these issues, I strongly recommend Paul Krugman's blog. He is a brilliant macroeconomist with a remarkably prescient track record. You could also spend some time reading his older articles and compare them to the present day situation. It's pretty eye-opening when things unfold in such a precisely-predicted manner.

      --
      "All these years believing you're the signified monkey, only to find out you're just a big hunk of nobody cares."
    21. Re:So only your opinion counts? by Bill_the_Engineer · · Score: 1

      If you were to check the actual numbers, you'd discover that the rich pay way more than their fair share [wordpress.com]. The top 10% richest americans pay half of all taxes, while half the country pays no income tax at all [yahoo.com]. I don't know what kind of a perverted mind can call this arrangement fair. If anything, it is the poor who are not paying their share.

      It didn't take long for that dud of a CBO report to be cited again. Too bad, because you hide key facts that show that the report is being misrepresented by linking to a conservative blogger.

      First of all you need to talk about the same demographic. The Bush tax cuts benefited the top 2% income earners, while you cite a statistic concerning the top 10% income earners. 10% != 2%.

      Most importantly, the conservative blogger failed to acknowledge that the report was written in August of 2004 and is based on the 2001 tax code and doesn't take into account the additional tax cuts that Bush signed into law in 2004.

      Anyway now that we know the report doesn't include all of Bush's tax cuts lets go ahead and look at the 2011 projected numbers which are inflated since the 2001 tax breaks were supposed to be sunsetted: Top 10% paid 47.6% of the taxes, Top 5% paid 36.5% of the taxes, and the Top 1% only paid 21% of the taxes proposed to be collected.

      Next question is what are the income levels we are talking about? Well further down that CBO report you'll see that the top 10% included people who made $259,000 or more; Top 5% included people who made $379,800 or more; and the Top 1% made 1,050,000 or more.

      So if you were still considering the August 2004 report a good statistical measure, you'd be embarrassed to find out that the report basically states that a whopping 63.5% of the total taxes where projected to be paid by everyone who made less than $379,800/year.

      Isn't statistics fun?

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    22. Re:So only your opinion counts? by scot4875 · · Score: 1

      Fortunately, the debt ceiling isn't up for a public vote.

      Also, were you this up in arms about the debt ceiling when it was raised in every year of Bush's presidency?

      --Jeremy

      --
      Jesus was a liberal
    23. Re:So only your opinion counts? by Sprouticus · · Score: 1

      That poll is almost a month old. Things change. Especially as people become more aware and educated on the subject at hand.

    24. Re:So only your opinion counts? by phlinn · · Score: 1

      You know, one of the major sparks forming the tea party was Rick Santelli's rant complaining about TARP. Really not fair to hold them responsible for it.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    25. Re:So only your opinion counts? by phlinn · · Score: 1

      Remember PorkBusters? that's where these people were during republican control. They were honestly trying to get the party in power to restrain spending. They failed, since the deficit tripled in 2009. That tripling has a lot to do with much larger interest in the Tea Party than there was in PorkBusters.

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    26. Re:So only your opinion counts? by seantide · · Score: 1

      The last time I checked, the US was still a democracy.

      The USA has never been a democracy. We are a republic. We use democracy, but we are not one.

      There are very important reasons why the Founders chose to create a republic instead of a democracy.

      Of course, right now we seem to be on track to becoming yet another socialist hybrid or socialist aristocracy.

  35. Outside Vendors by dcollins · · Score: 1

    "There was some websites that were hosted by outside vendors that had slowness, sluggishness, people had trouble getting in."

    Wait, what? Outside vendors had their sites crash, but sites run by the Congress staff itself ran with the load?

    That can't be right. That contradicts everything I'm told about privatization and outsourcing uber alles.

    [/sarcasm]

    --
    We know where leadership by an anti-intellectual "strongman" who scapegoats minorities and likes boisterous rallies goes
  36. Re:We're a sinking ship by uid7306m · · Score: 5, Insightful

    Yeah, except that lowering taxes doesn't seem to grow the economy. Certainly not enough to make up for the lowered rate. Too bad. It's all sensible except for that point.

    Anyway, the top 20% pays 86% of the taxes, maybe, but don't they own an equally large (or larger) share of the wealth and income?

    When I was a kid, in the 1960s, tax rates were way over 50%. Tax rates in England peaked at 90%. While 90% marginal tax rates will certainly hurt your economy, it's not at all clear than 30%, 40%, 50% rates will do much damage. If we can manage to spend some of that on useful infrastructure things, it may even be good in the long run. Just think! We could have a well-educated, healthy workforce, streets and networks that work, et cetera.

  37. Not going to make one bit of difference by nysus · · Score: 1, Troll

    to the Republican assholes. They just don't give a fuck. They are power-hungry whores who will do anything to damage the President, including fuck up the global economy.

    --

    ---Technology will liberate us if it doesn't enslave us first.

  38. I couldn't agree with Obama more.... by Petron · · Score: 5, Insightful

    The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

    Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

    Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

    And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

    Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.


    Senator Barack Obama
    Senate Floor Speech on Public Debt
    March 16, 2006

    -- Amazing how things change...

    --
    if (it != oneThing) it = another;
    1. Re:I couldn't agree with Obama more.... by ElectricTurtle · · Score: 1

      I wish I could mod you to the moon.

      --
      I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
    2. Re:I couldn't agree with Obama more.... by ledow · · Score: 1

      He's a politician, what did you expect?

      We have the same over here in the UK. Guess what? The opposition will support the opposite, and then in 5 years their opposition will support the opposite again. Hell, the biggest change in the last hundred years of UK politics happened lately when we elected the LibDem's into partial power. Guess what? Nothing changed, and they've gone back on their words, and their opponents are still the same people and still decrying the same (as they perceive them) problems.

      In fact, there was a TV comedy series called "Yes, Minister" following a politician character (later "Yes, Prime Minister" as the character was elected to lead the UK). It has jokes in it about the exact same topics that are in the news, now, today. Do we renew Trident? We're still asking the EXACT same questions that that character did to mock the politicians of the day. When was it produced? 1980. You can actually watch it today as someone up on current affairs and believe it's a new program aimed at today's politicians (if it wasn't for the aged-film look to it).

      They're politicians. They will say anything that gets public support and gets them into power. Once there, all bets are off (How's Guantanamo Bay? Still in operation? Still holding people against their will, without charge and withour fair trial, on foreign soil against most humanitarian conventions?).

      But yet, people still vote for parties that have a history of this ping-pong opinion-changing as if it's their moral duty to vote in a liar who they've never met to lead their entire country.

      If you're shocked by such U-turns, you haven't watched many politicians over the years and compared what they say to what they do. If you're not shocked, I would guess that you hardly, if ever, vote.

    3. Re:I couldn't agree with Obama more.... by the+eric+conspiracy · · Score: 5, Interesting

      Yes. Now what about all the Republicans who cheerfully voted 7 times to raise the debt ceiling when Bush was in power now refusing to do so without massive budget cuts, or in some cases at all.

      Hypocrisy is the mother's milk of politics.

    4. Re:I couldn't agree with Obama more.... by JackDW · · Score: 1

      Moreover, the message of "Yes Minister" is that government is 99% civil service and at most 1% elected officials. It is no surprise that elections make so little difference to policy.

      --
      You're an immobile computer, remember?
    5. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      -- Amazing how things change...

      Not really, nothing much ever really changes :)

    6. Re:I couldn't agree with Obama more.... by Xyrus · · Score: 2

      I doubt anything has changed. The president does not control the debt ceiling. The president does not control the budget. The president does not control the money. It's congress. The president can veto or accept what congress provides, but that's it. He can get them to come together for talks. He can plead. He can bargain. He can demand. But it all comes down to congress.

      It's very likely that he still feels the same way. But do you think he could get the tax revenues and spending cuts he would like to see in order to balance the budget through THIS congress? Or ANY congress? We aren't even talking about the budget yet. This is just a debt ceiling increase. Something that was done many many times before under many different presidents, most of the time with little if any fanfare. This is barely a preview of what a mud-slings cat fight the budget will be.

      The president is asking for the debt ceiling increase because he has to, not necessarily because he wants to. The budget AS PASSED BY CONGRESS requires a debt limit increase to fund it. Everyone has known that it was going to require a debt limit increase, including the Republicans who signed off on the budget. They all knew this was coming. The only difference is that this time Republicans(many of which didn't have a problem increasing the debt ceiling under Bush) have decided to use it as a political tool, which seems to have taken the democrats off guard.

      The financial authority of our government rests with legislative branch, not the executive branch.

      --
      ~X~
    7. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      Change is inevitable. To think otherwise is foolish.

      It's nice that your painting the picture slightly out of context, and anyone with half a brain will notice, but we aren't in the same boat we were then, were we. You remember, right? That whole MARKET CRASH, and the Government creating $1.4Trillion in cash from nothing? Oh, right. Number manipulation on paper and in machines validates its creation. By all means though. Continue to paint every aspect of history as equivalent, and every quote as if relevant out of their contextual time-frame. It's quite refreshing to see the same argument made over and over again for character assassination. Oh, wait! No, it's not.

      I guess if you'd had a legitimate position to argue on this matter, rather than 5 year old dis-contextual quotes, you'd have made it. I'm not sure which saddens me more however. That people still think a Jr. Senator is still running for President, when he's sitting in the White House, or that your post can get modded to +5, Insightful on this forum.

      For you, parent. Perspective. Do you have any?

    8. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      Apart from the "leadership failure" part, he seems to be only saying in this blurb that debt is bad. Today he wants to raise taxes and decrease spending to reduce the debt, though there is also the current pressing need of not tanking the world economy again the way the US did a while back.

    9. Re:I couldn't agree with Obama more.... by cjdavis618 · · Score: 0

      Exactly. Hope is no where to be seen and the change sucks. This crisis is ficticious.There is enough money coming in to pay our primary debts. But the leaders don't want to make the hard cuts. Our kids are going to be paying for our generations mistakes and they have no say in the matter. Giving habitual spenders more money doesn't solve the problem. Banks don't give people that can't pay bills more credit. That isn't the way it works. What I want is this: 1. No debt ceiling raise. Simply to make the people realize that calmities do not come just because politicians tell you they will. 2. Not have to pay into Social Security. Make it voluntary 3. Balanced budget amendment 4. TERM LIMITS on Senators 5. Declare War or get out of other countries. (What happened to the Libya news, Where did that go all of the sudden?) 6. People to wake the hell up and start to pay attention and not just rely on the news for thier information. You are getting half truths and following blissfully. 7. Deal with these problems now so we can keep our country from collapsing like the other European and other eastern countries.

    10. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      Apart from the "leadership failure" part, he seems to be only saying in this blurb that debt is bad. Today he wants to raise taxes and decrease spending to reduce the debt, though there is also the current pressing need of not tanking the world economy again the way the US did a while back.

      ORLY?

      Where's Obama's plan, then? What does it say?

      Fact is, there hasn't been a budget for the entire US government since the 2008 elections. And which party controlled the entire US government in 2009 and 2010?

    11. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      I don't see the change... The US needs more revenue. Seems consistent to me.

    12. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      I love how people keep posting this around the internet lately for the debt talks. Anyone with a 3rd grade comprehension level can grasp that President Obama and Senator Obama are still saying the same message: Debt = bad. His speech the other night reiterated that perfectly. Once the Republicans get it out of their thick fucking skulls and allow revenue to increase ALONG WITH DEBT CUTS, the country will finally begin to right itself again.

    13. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      Actually things haven't changed... and that is the problem!

    14. Re:I couldn't agree with Obama more.... by cardpuncher · · Score: 1

      From outside the US, it doesn't actually appear that as much has changed as you think.

      Most of the debt built up under Reagan and Bushes 1 and 2. Shortly after came a huge economic shock which required major financial support for the banks and major financial injection into the economy: that's precisely the time the US actually needed to borrow money and wasn't really in a position to start repaying debt, never mind dealing with the diminishing tax returns from a depressed economy. Net effect: borrowing increases. Not surprising.

      Everything Obama said is and remains true. He's just stuck with having to deal with "events, dear boy, events" (as Macmillan said). He's perfectly willing to raise taxes to try to meet US spending profligacy. It's hardly his fault that the House won't let him. He just picked the wrong time to be president.

      The US, collectively, needs to re-evaluate the transparency of its economic policy. Taxation needs to be seen to be more fairly distributed and more directly connected to spending programmes that benefit the many rather than the few. If there isn't shortly more common consent to the basic principles on which US fiscal policy is run, the country is going to see some very ugly consequences.

    15. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      He wants spending cuts to offset the debt ceiling increase this time around. He was right then and he's right now.

    16. Re:I couldn't agree with Obama more.... by Petron · · Score: 1

      There is a reason why it's the Tea-Party people "extorting" the government by saying No to raising the debt-ceiling. Both Republicans and Democrats have gone too far with spending.

      If somebody came to you with massive credit card debt, about to default on most of them, and approaching their annual income in spending should they:
      1) Get a new credit card, and make payments on old credit cards with new one, and continue spending.
      2) Get a new credit card, promise they will spend a bit less in the future.
      3) Don't get a new credit card. Make themselves reduce spending to get their finances in order.

      Would you change your answer if you were the one who had to pay the credit-card bills?

      It is way to easy to spend other people's money. I wouldn't call those people "extortionists" or "racists" if they finally said "Enough!".

      --
      if (it != oneThing) it = another;
    17. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      Yes. Now what about all the Republicans who cheerfully voted 7 times to raise the debt ceiling when Bush was in power now refusing to do so without massive budget cuts, or in some cases at all.

      Hypocrisy is the mother's milk of politics.

      Rather pathetic strawman there.

      The fact the President Present's monthly deficits are about as big as Bush's yearly deficits wouldn't have anything to do with that, right?

    18. Re:I couldn't agree with Obama more.... by ody · · Score: 1

      I don't agree with your statement Obama's priorities have changed. Was I dreaming when he was on TV 2 days ago, saying we need to cut the deficit? What's under debate is HOW.

      One side thinks we should raise taxes for a group of people who pay LESS THAN HALF in taxes what they paid 30 years ago (which partially explains how we got to this state in the first place). The other side thinks that we should continue cutting taxes for the rich... i mean, "job creators".

      Of particular interest to me is the part of your quote where Obama talks about how interest payments take away money that can be better spent elsewhere. So, what's the primary devastating effect of this GOP-led hostage situation? A rise in interest rates.

      -- Yeah, that'll fix it.

    19. Re:I couldn't agree with Obama more.... by cyberchondriac · · Score: 1

      I'd say yes and no.. the President has to take a large degree of responsibility for the financial situation when he advocates and spends nearly a trillion dollars on a largely failed stimulus package at a time when the deficit was already sky high, and the deficit has more than doubled since he took office. He also got the US involved in the Libyan conflict without congressional approval. If the financial situation was alarming under Bush, it's terrifying now. I think that's why you see all the hubbub. Obama was a senator when he voted yes on several of these big bill items under Bush (TARP, Omnibus, etc.) so he and other Democrats can't say they didn't see it coming either, yet constantly lambasted Bush for his spending; now Obama continues to advocate for expensive programs and outspend all previous administrations by a large margin. Bush pretty much started the current deficit issue with the spending on the wars which he advocated, (of which, one at least I feel was justified and necessary to battle terrorism) but the "hope and change" never happened post 2009; things are looking worse, not better.
      But I think this illustrates that the Office of the POTUS does have some direct, if limited, financial impact on the government.

      The real problem with government spending will likely never be addressed though - waste. Both parties do it. It's just a culture of waste and excess and unaccountability in not only Washington DC, but most governments, from the state to the local level. To politicians and many government workers alike, tax money is like Doritos.. remember that old '80s Doritos catchphrase, "they'll make more"? - like it's a bottomless cup to draw from. So long as revenue is treated like that, we'll have financial problems looming over us.

      --

      Look back up at my post, now look back down, you're on the Internet. Now look back up. I'm a signature.
    20. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      LOL, I am glad you agree with Senator and President Obama. He is talking about balancing the budget, not cutting spending. In other words, a "tax cut" that isn't matched by a spending decrease isn't a tax cut, you just have to pay it off later with interest. Or more simply, if you buy it, pay for it dummy, don't play stupid "starve the beast" games. Who fought to keep the Bush tax cuts for the wealthy again?

      That is also what is wrong with the "trigger" gimmick, you balance the budget by balancing it, not by saying you will later.

      Here is a major clue, balancing the budget isn't about getting rid of things you don't like, it was the other guy who was voting for that. It is about giving up things you do like.

      Also, a rescission is the wrong time to have this fight anyway, better to have it (or have had it) when we actually had money.

    21. Re:I couldn't agree with Obama more.... by the+eric+conspiracy · · Score: 2

      The fact the President Present's monthly deficits are about as big as Bush's yearly deficits wouldn't have anything to do with that, right?

      Horse Shit. Bush's per capita deficit in his last year in office is within 10% of Obama's.

      http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm

    22. Re:I couldn't agree with Obama more.... by iggymanz · · Score: 1

      Obama makes all kinds of noises, then does the opposite. He has broken each and every promise he ever made, and is a worse cheney/bush walking around on two legs than the original cheney and bush, for each and every issue that affects our lives. why you think his blathering and blabbering have any merit or meaning is beyond me. He has only continued our reckless spending and borrowing.

    23. Re:I couldn't agree with Obama more.... by wh1pp3t · · Score: 1

      And Obama did the same with all of his Democratic constituents in 2006 against Bush.
      I only point this out because you identify the hypocrisy of Republicans when it applies to almost everyone holding a chair in DC.

    24. Re:I couldn't agree with Obama more.... by quantaman · · Score: 1

      Don't see anything wrong here.

      During a boom you should balance your books and pay off your debts.

      And during a bust you may need to go into debt in order to keep things running.

      Also it's one thing to score some political points when raising the debt ceiling, that's why they came up with the law in the first place, to make people do a little shame dance when they borrowed too much. I doubt the intent was ever to force the country into default.

      I'm sorry but this isn't a "oh, both sides have been naughty and hypocritical" scenario. Yeah, the dems, Obama included, aren't perfect. But in my opinion the Republicans are holding a gun to your country's head and are apparently willing to pull the trigger. I always knew the American political environment was a little screwed up, but I always thought the actual elected officials were rational human beings cynically playing the public. Now I'm starting to suspect that the elected Tea Party Republicans really don't care or understand much about the actual country they're supposed to govern, and are willing to screw the whole thing if they think it will help them at the polls.

      --
      I stole this Sig
    25. Re:I couldn't agree with Obama more.... by Rational+Thought · · Score: 1

      You do realize that almost half of THOSE Republicans who voted to raise the debt ceiling were voted out of office and replaced in the last 2 years. Probably because many of us are tired of politicians who say one thing but vote the other way. The Tea Party Republicans were elected into office exactly for this purpose, to reign in government spending, pass a balanced budget, and pay down the debt. They are NOT your Bush Era Republicans.

      Increasing the Debt Limit does not fix any of that. Even the so-called "compromise" plans do not solve those problems. If we pass a debt ceiling increase now without a balanced budget that has funding set aside to pay down the debt, than we are just kicking the can down the road.


      Now, if there was a Presidential Candidate who did as he said (no hypocrite); had a proven track record of fiscal responsibility (balance budget & pay down debt); and advocated socially liberal ideas (Individual Liberty) .......

    26. Re:I couldn't agree with Obama more.... by perryizgr8 · · Score: 1

      eye opening. imo, the only way to survive properly is to not raise the ceiling, and cut major portions of the budget. for eg, cut all military research, healthcare, and other things that can be done without for a few years.
      full disclosure: i am not a us citizen, nor do i live there. but regardless of that, i will be impacted by us policy. i will suffer, my investments will lose value, if the us goes down burning.

      --
      Wealth is the gift that keeps on giving.
    27. Re:I couldn't agree with Obama more.... by perryizgr8 · · Score: 1

      i can't understand how this is not self-evident to everyone. this analogy is perfect. the us govt is unable to pay its debts with the money it has. does it borrow some money from others and pay back its current debts, or does it own up and say that it simply can't pay back the debt right now.

      --
      Wealth is the gift that keeps on giving.
    28. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

      The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

              Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

              Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

              And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

              Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.

              Senator Barack Obama

              Senate Floor Speech on Public Debt

              March 16, 2006

      -- Amazing how things change...

      Thank you so much. This lying hypocrite has got to be exposed and the more people do it the better.

    29. Re:I couldn't agree with Obama more.... by Anonymous Coward · · Score: 0

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  39. But are those calls in support of Boehner? by Anonymous Coward · · Score: 1

    LOL, funny media. Does anyone notice they specifically do not say that most of those callers are against Boehner. Sources say most of the calls are in support of Cut Cap and Balance. If I am wrong, please prove me wrong. All i know is that I called supporting Boehner yesterday.

  40. Bush Spent More... by clonan · · Score: 2

    No, Obama has spent more dollars, but Bush has spent more PERMANTE dollars.

    By this I mean that Bush's policies amounted to taking tax money and burning it on the white house lawn.

    While Obama has certainly done some of this as well, most of his most expensive policies have already or will recoup most if not all the money invested. What this means is that the long term impact is just the interest on the debt for the time the money was out.

    There is an intersting article published a few days ago:

    http://ezkool.com/2011/07/two-potus-spending-2/

    What I find amazing is that as far as I can tell, Regan, Bush junior and Obama all seem to have read '1984' and decided that it demonstrated a sound financial plan! Read the book. The key aspect of the financial system was making production disapear through war. This kept most of the population poor, reduced the availability of consumer good and had the fringe benefit of sparking patriotism...

    What I cna't believe

    1. Re:Bush Spent More... by Attila+Dimedici · · Score: 1

      Which of Obama's expensive policies have recouped the money spent?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    2. Re:Bush Spent More... by clonan · · Score: 1

      Bail out of GM, TARP (part 2), Obamacare, I could go on.

      Each of these have either completly repayed itself (Tarp part 2), is just short (GM at 5-8% short) or made significant improvements over the original, Obamacare (expected to save a quarter trillion dollars over the prior system)

      Now personally I don't think we should have bailed GM out. I don't think we should have bailed ANYONE out (Banks). Instead we should have used that money to support thoes that would have been hurt because we let these firms get too big. (GM suppliers and dealers, and provided temporary expanded FDIC insurance for account holders).

      I think this sets an extremly poor precedent. Now large corporations KNOW that they can privatize the progit while socializing (as in you and me) the risk.

    3. Re:Bush Spent More... by Attila+Dimedici · · Score: 1

      How has TARP repaid itself? By destroying over a million jobs? Are you aware that Obama is including TARP in with the rest of federal spending as the baseline for future federal spending? That is, something that was supposed to be a one off expense is now figured in to calculate all new budgets.
      If these things paid for themselves, how come the federal deficit is so much bigger than ever before?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    4. Re:Bush Spent More... by clonan · · Score: 1

      TARP part 2 (not Bush's TARP but Obama's TARP) tracked and harrassed the banks that received the money. Obama requiered very strict terms to get the money and so most banks paid it back with interest very quickly. In fact of the 711 billion that Obama got for his TARP (Bush got 850) Obama only actually let out a little over half. So far it has generated a slight profit.

      When Bush pushed out his TARP, he didn't track the money and we found out in January that it was essentially lost. Bush burned 850 billion dollars by giving it to banks who then gave it to themselves as bonuses who then moved the money over seas.

      Now, if you look at the numbers quoted in forecasts you see that TARP is refering to Bush's policy. The one that burned all the money (850 Billion Dollars). Obama's is costing about 10 billion total.

      So why is the deficit so much bigger?

      #1. Bush left us with a very lousy economy. That by itself accounts for HALF the deficit. If we eliminated ALL of Buh's bad stuff and ALL of Obama's bad stuff we would STILL have a deficit of about 600 billion.

      #2. We are still in Iraq and Afganistan (about 20% of the current deficit)

      #3. We still have the Bush tax cuts (about 20% of the current defficit)

      #4. Inflation. At the very least you expect the debt to increase several percent just through natural inflation.

      Obama and his policies are actually resonsible for about 200 billion in added deficit for this year.

      The reality is, with the exception of the military and Medicare, We don't have a spending problem!! Our federal spending is EXTREMELY lean. This is why it has been so hard to cut anything.

      The CBO looked through the budget and concluded that there was actually only about 60 billion in wasted spending in the federal budget...

      Now, our military is roughly 50% of all the military in the world. We spend about 500 billion a year directly on the department of deffense. When you add in all other non-military but defense related costs (Veterans affairs, satalite launch, CIA, NSA black projects and the interest associated with defense over spending) we are ACTUALLY spending closer to 1.4 trillion EVERY YEAR on defense!

      Now to keep it in perspectve. The next largest military in the world is the Chinese. They spend 20 billion a year.

      Finally, medicare IS a problem. I am not arguing that it isn't. But Obamacare is actually the first step to addressing this. Medicare is so expensive because we are a very FAT country and we have a whole lot of people who are too poor to buy insurance and too rich for medicad. Obamacare makes it possible for these people to buy insurance which SHOULD allow them to get better preventative treatment and SHOULD reduce medicare costs.

    5. Re:Bush Spent More... by the+eric+conspiracy · · Score: 1

      What the hell are you talking about? Your statements are nonsense.

      The TARP program is over; it ended October 2010.

      http://thehill.com/blogs/on-the-money/banking-financial-institutions/122247-tarp-ends-officially-as-lawmakers-continue-battle-over-bailouts

      The reasons the Federal Deficit is so much bigger than before is:

      1. We are fighting 4 wars. (Iraq, Afghanistan, Libya, Somalia)
      2. At the same time we made massive tax cuts.
      3. The economy is in the tank thereby reducing tax revenues even further.

    6. Re:Bush Spent More... by Attila+Dimedici · · Score: 1

      Current federal spending is 25% of GDP. Historically, federal spending has been between 16-20% of GDP. How can you say that we don't have a spending problem?
      Evidence suggests that preventative care actually increases total medical costs of a population. Yes, it saves me money to spend a small amount of money on preventative care that catches something early. But that only works out on the population as a whole if the number of people who will actually get that particular illness is a large enough percentage of the population.
      Before the introduction of Medicare and Medicaid, health care costs rose at essentially the same rate as inflation. After the introduction of Medicare and Medicaid, health care costs started rising much faster than inflation. I expect Obamacare to have a similar multiplier effect.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    7. Re:Bush Spent More... by Attila+Dimedici · · Score: 1

      Yes, the TARP program is over, but if you look at the budget that Obama sent to Congress in April (the only basis we have for interpreting what Obama's spending plans are), he uses the money spent on TARP as part of the baseline for federal spending.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    8. Re:Bush Spent More... by clonan · · Score: 1

      So you are saying he is being honest?

      Are you complaining that he is actually accounting for all the money that was spent?

      Or would you prefer he do what Bush did, not mention the Iraq and Afganistan wars in the budget EVER and get emergency spending resolutions (immediatly boorow rather than plan) several times a year for thoes wars?

      The first time the Iraq and Afganistan wars appeared in the federal budget was Obama's first budget which is another reason the apparent deficit is so high. Continuing resolutions don't appear in the budget deficit.

      He is being honest and you seem to be mad about it.

    9. Re:Bush Spent More... by clonan · · Score: 1

      I didn't say we don't have a spending problem.

      I said With the EXCEPTION of Defense and medicare we don't have a problem.

      If you took defense down to the level that our GDP can support compared to the rest of the world, we would save roughly 1.1 trillion dollars a year.

      That by itself would bring spending in line.

      HOWEVER half of the problem is the economy. The spending is porportionally high because we had a sudden dip in production NOT becuase the real spending skyrocketed (yes it went up a LOT but that is only accounts for a percent or two of GDP).

      In addition, our tax system has been so messed up for 30 years (Thank you regan) that we now pay almost 10% of our federal budget to debt (compared to about 0.5% Under Carter).

      Health care costs rose NOT because of Medicare/Medicade but because of technology. We Americans alwayws want the latest and greatest therefore we get an MRI for everything rather than X-rays or other cheaper technology. We demand new drugs whoch cost private industry about 2 BILLION dollars and 17 years to create.

      THAT is why healthcare costs so much.

      Actually, since Medicare and medicad are so big but pay so little, they have actually helped to hold down price increases.

      What preventative medice helps is to reduce emergency room visits. Emergency rooms provide the most expensive and least successful health care. However because emergency care can ONLY work if you don't require people to pay up front (just imagine bleeding out while the credit card machine loses the connection) the ER has to provide care. If people can't pay than the hospital raises the price on the rest of us. By ensuring that everyone has some sort of coverage we can dramatically reduce this cost. In addition, medicine is like just about everything else. 20% of the issues cause 80% of the costs. Basic and preventative healthcare dramatically reduces the 20% group which reduces the 80% group proportionally.

    10. Re:Bush Spent More... by cmiller173 · · Score: 1

      I think what he is saying is if TARP is done, why are we budgeting to spend that money again?

    11. Re:Bush Spent More... by clonan · · Score: 1

      I have been unable to find what he is referencing.

      I was responding to his complaint about transparency and I never looked up his actual source issue. I am unable to verify what he claims which makes me suspicious.

      I hope he will cite a source for his claim.

    12. Re:Bush Spent More... by Anonymous Coward · · Score: 0

      Just wanted to let you know that at least one person reading this thread thought you got thoroughly owned and embarrassed--exposed as a childish ideologue with a poor grasp of the facts and circumstances of the debate. Hope this helps!

    13. Re:Bush Spent More... by Magius_AR · · Score: 1

      No, Obama has spent more dollars, but Bush has spent more PERMANTE dollars. By this I mean that Bush's policies amounted to taking tax money and burning it on the white house lawn.

      Umm, I'm pretty sure that the extra tax savings that are in my pocket now would not be there if the tax cuts didn't occur. So I don't know how that's equivalent to "burning the money". On the other hand, stimulus programs that don't stimulate ARE equivalent to simply burning the money.

      While Obama has certainly done some of this as well, most of his most expensive policies have already or will recoup most if not all the money invested.

      Proof? Oh, that's why, you have none. That statement is equally disingenuous as saying tax cuts promote growth. Since there's no way to prove one way or another what would have happen had he NOT spent the money. Personally, I believe he did nothing more than fuel inflation and piss away alot of cash, making him almost singlehandledly responsible for the debt crisis we currently face.

    14. Re:Bush Spent More... by Magius_AR · · Score: 1

      Bail out of GM, TARP (part 2), Obamacare, I could go on.

      Wow, so amazingly misinformed...

      For one, "bailing out GM" is crap -- you need to talk about "totals cost of companies bailed out" vs "total recouped", and I guarantee that's a net negative.

      For two, it's BUSH's TARP that has "paid for itself". What you claim is "TARP Part 2" is actually called the American Recovery and Reinvestment Act (https://secure.wikimedia.org/wikipedia/en/wiki/American_Recovery_and_Reinvestment_Act_of_2009). It cost $787 billion and has NOT paid for itself. That money was pissed away on "stimulus" that did not stimulate. In fact, I'm pretty sure the bulk of it was just cash handouts.

      Thirdly, Obamacare is NOT a "net savings". Even the supposedly fair CBO lists it as 2 trillion (http://www.weeklystandard.com/blogs/cbo-obamacare-would-cost-over-2-trillion) and they've been known to wildly underestimate (I think the CBO estimate for the Iraq War was around 600 billion). It's an expense, and a massive one at that. In fact, most of the "claimed future savings" from the program is highly suspect/dubious as best and in no way takes into account the cost ramifications of forcing all insurance companies to accept any risk without ability to turn away losing bets.

  41. Websites Jammed by ledow · · Score: 1

    It's raspberry!

    Only one man would dare raspberry me...

  42. Milton Friedman's dream reaching fruition by GodfatherofSoul · · Score: 0

    With a lot of help from Grover Nordquist

    1. Convince people that trickle-down economics works.

    2. Cut taxes on the rich. Talk big about cutting spending, "deficits don't matter" of course.

    3. Act surprised that government can't pay the bills after taxes have been cut

    4. Cut social programs to balance the books. Leave those juicy hand-outs to your corporate buddies alone.

    --
    I swear to God...I swear to God! That is NOT how you treat your human!
    1. Re:Milton Friedman's dream reaching fruition by naasking · · Score: 1

      1. Convince people that trickle-down economics works.
      2. Cut taxes on the rich. Talk big about cutting spending, "deficits don't matter" of course.

      So much ignorance about Milton Friedman. He was not against taxes, and in fact, he invented the combination of flat tax with negative income tax. He didn't suggest cutting social programs, but augmenting them with private alternatives with voucher programs. He opposed the recent copyright extensions, and supports legalizing drugs and prostitution.

      Most importantly, and this is something people seem to have forgotten about economics, he supported the idea that the government should provide services that are public goods, because other types of goods are better provided by the private sector. However, the way we could provide public goods could involve the private sector (like the education vouchers).

  43. Lies by Anonymous Coward · · Score: 0

    They are full of it... the website for the financial services of the House was down already in the afternoon.

  44. Obama - Job Killer by sycodon · · Score: 4, Funny

    He's already threatened mine. In fact, I could make an argument he got me laid off.

    I work in Aerospace at a company that manufactures interior fittings for private jets. Essentially we pimp them out.

    When Obama first opened his Pie Hole about how corporations should not be buying these jets, within two weeks we had nearly 60% of our orders canceled as the jet builders like Gulfstream, Falcon, etc. had their orders canceled or placed on hold. With one Class Warfare speech he helped put thousands of people out of work.

    Now, a year later I'm back with the same company and sure enough DipShit opens his PieHole again trying to demonize jet owners. We saw a 15% decrease in orders this time. I guess people realize he's just talking out of his ass.

    Private jets, yachts, expensive cars, etc. are no different than dishwashers, washers, dryers, TVs, etc. They are luxuries that people pay for and the industries that build these things support thousands of jobs. In fact, in our industry, it’s almost 100% U.S. jobs, and well paying jobs at that.

    People bitch and moan about how "rich people" and corporations have their money locked up and are not hiring, yet when they engage in commerce with that very same money, purchasing high end goods that end up paying for many, many salaries, they are demonized by this POS POTUS.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    1. Re:Obama - Job Killer by Danse · · Score: 2

      When Obama first opened his Pie Hole about how corporations should not be buying these jets, within two weeks we had nearly 60% of our orders canceled as the jet builders like Gulfstream, Falcon, etc. had their orders canceled or placed on hold. With one Class Warfare speech he helped put thousands of people out of work.

      He didn't say they shouldn't be buying them, he said they shouldn't be getting a tax break on them.

      Private jets, yachts, expensive cars, etc. are no different than dishwashers, washers, dryers, TVs, etc. They are luxuries that people pay for and the industries that build these things support thousands of jobs. In fact, in our industry, itâ(TM)s almost 100% U.S. jobs, and well paying jobs at that.

      I don't get a tax break on my TV or dishwasher. Why should some company get one on a jet?

      People bitch and moan about how "rich people" and corporations have their money locked up and are not hiring, yet when they engage in commerce with that very same money, purchasing high end goods that end up paying for many, many salaries, they are demonized by this POS POTUS.

      Demonized? Really? Because he said they shouldn't get a tax break on a jet?

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    2. Re:Obama - Job Killer by sycodon · · Score: 1

      Making it more expensive for someone purchase and use anything just because YOU somehow think it's unfair that they can, is stupid.

      His statements regarding this were couched in terms that portrayed those who buy and use private jets as selfish and financially foolish. His implications were clear. If you couldn’t see it then you need to pay more attention.

      And if your purchase of a single washing machine literally supported hundreds of jobs, then I bet you would get a tax break for buying one too.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    3. Re:Obama - Job Killer by Danse · · Score: 3, Informative

      Making it more expensive for someone purchase and use anything just because YOU somehow think it's unfair that they can, is stupid.

      That's pretty disingenuous. They aren't making it more expensive, they're taking away a tax break that was given for one item, but not others. Why should that one item get a break? If it can't make it in the market on a level playing field with the same taxes as everything else, maybe they need to rethink their business plan. Asking for a government handout is not a business plan.

      His statements regarding this were couched in terms that portrayed those who buy and use private jets as selfish and financially foolish. His implications were clear. If you couldnâ(TM)t see it then you need to pay more attention.

      Which statement was that? Every time he mentioned it, it was in relation to elimination of a tax break that there's no good reason to have. I saw nothing about owning planes being selfish or foolish. Could you be specific about what he said that implies that?

      And if your purchase of a single washing machine literally supported hundreds of jobs, then I bet you would get a tax break for buying one too.

      Again, they shouldn't need a tax break. The plane is worth it or it isn't. Money not spent on planes will be spent on something else that also creates jobs. At least it would be if Congress would quit screwing around and start doing things to create jobs again. Taxes are already the lowest they've been in several decades. More tax breaks aren't going to create jobs. Taxes have been higher during past economic booms, so that's not the issue here.

      --
      It's not enough to bash in heads, you've got to bash in minds. - Captain Hammer
    4. Re:Obama - Job Killer by tbannist · · Score: 1

      So what you're saying is that poor people should be subsidizing your job because you're more important them? Because a tax break is a wealthy transfer, and with the recent Republican tax code changes they are shifting the burden of taxes down the pyramid, moving the taxes away from the rich and towards the poor.

      Is that really, what you're saying? That it's better to subsidize one pimped out private jet than several thousand washing machines? I'd be willing to bet the tax rebate on the jet could pay for a lot of washing machines. This is because a jet with gold fixtures is so much more important than a labor saving device for thousands of people?

      Really?

      Private jets are a luxury, they should be payed for in full. If anything, the washing machines should be subsidized because they actually help the economy by reducing the workload on families. They would actually allow people to spend more time with their children (higher achievement, less crime), working on their business (direct economic benefit), enjoying leisure time (less stress and crime, economic benefits from money spent on leisure).

      You're a real paragon of virtue, you are.

      --
      Fanatically anti-fanatical
    5. Re:Obama - Job Killer by ThatsNotPudding · · Score: 1

      You are nothing but a compliant butler.

    6. Re:Obama - Job Killer by Vancorps · · Score: 1

      I agree with you which is why I pay a gas guzzler tax on my sports car. I also pay a luxury tax on it because it is a luxury item. I see no reason corporate jets or private jets should be treated any differently than cars are.

    7. Re:Obama - Job Killer by hypergreatthing · · Score: 1

      And if your purchase of a single washing machine literally supported hundreds of jobs, then I bet you would get a tax break for buying one too.

      Damn, i can't tell if you're a troll or just dumb.

      My dishwater does support hundreds of thousands of people that design, manufacturer, support, sell, maintain them. Ever hear of general electric? Yeah i thought you have. But suddenly your mega wealthy niche industry requires tax breaks for the mega wealthy to be viable? And you want the public to pay for it? You do realize that's what you're complaining about, right? But it's ok because you get a paycheck. You're about the same as people on welfare in that case. If your market can't survive without government subsidies or tax breaks then it's not sustainable.

    8. Re:Obama - Job Killer by Nyder · · Score: 1

      ...

      People bitch and moan about how "rich people" and corporations have their money locked up and are not hiring, yet when they engage in commerce with that very same money, purchasing high end goods that end up paying for many, many salaries, they are demonized by this POS POTUS.

      While I agree with most your post, the section i quote i don't agree with.

      People are out of jobs because all the rich people are tightening their wallets and firing people and not hiring people.

      A corporation decides to lay off 1000's of peeps so they can still make profits for the share holder. Problem is, those 1000's of laid off peeps? They aren't working, so they aren't going to be able to spend much money on the economy.

      So yes, all these business that laid people off and aren't highering, are causing the problem. And seeing that most corporations are owned by just the small percentage of rich people, it's fucking shit up.

      When shit hits the fan, laying off most the workforce, or even a percentage, is going to affect everyone else. When you have lots and lots of companies doing this, you get a fuck up recession.

      And why did this happen? Because of greedy rich bankers who wanted to get better bonuses, even though it tanked the economy, and what did they get? Bailed the fuck out.

      What do I get? My disability being threatened.

      --
      Be seeing you...
    9. Re:Obama - Job Killer by sycodon · · Score: 1

      New Washing Machine: $700 (for a really nice one).

      New Gulf Stream 650: $70 million (for a mid range version) - well over $10 billion in sales last year.

      Now you tell me, how many people does one Gulfstream jet support (including designers, mechanics, assembly workers, managers, avionic designers, testers, skilled craftsmen (nice tables, they have, all cherry veneer), salesmen, maintenance depots, on and on and on).

      And how many does your single washer support?

      And don't forget...those evil tax breaks were passed by your Democratic buddies specifically to stimulate the manufacture and sale of these jets.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    10. Re:Obama - Job Killer by toddestan · · Score: 1

      Well, you can at least try to be fair here. 70,000,000/700 = 100,000 "really nice" washing machines. So how many people does the purchase of 100,000 washing machines support? Designers, assembly workers, transport, retail stores, etc. How does that compare to a single jet? Not to mention 100,000 households now have a really nice washing machine, probably benefiting around 300,000 people just from that. Meanwhile, the jet benefits what, maybe a dozen rich executives?

    11. Re:Obama - Job Killer by sycodon · · Score: 1

      You don't get it.

      You get a washing machine and that's it. You pay $17 for a gallon of detergent every few months and hope you never have to call a repairman.

      Jets keep giving and giving to the economy.

      Taxes on airport ramp space, hanger space, fuel, maintenance parts.
      Employment for the pilots, ground crew, airport personnel, etc.

      In 2006, general aviation, of which private jets are a very large part, paid out over $53 billion in wages in salaries and employed 1.2 million people.

      In most medium sized towns you will find a general aviation airport with many small private planes and usually at least one Private Jet FBO that charters, maintains and sometimes sells business jets. The large majority of the cost of the airport is paid for by that guy. The airport can sometimes supports hundreds of jobs, all of which contribute to the local economies. Mind you, we are not talking about the big commercial airports running airliners, but smaller, regional general aviation airports.

      And just to reiterate, Obama himself supported the tax break in these jets to encourage the manufacture and sale of these jets. So he either was ignorant of that fact or he's just a demagogic hypocrite.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    12. Re:Obama - Job Killer by toddestan · · Score: 1

      There's no denying that jets do generate economic activity. But there are so many better things that the government could be spending money on if they wanted to stimulate the economy. Washing machines is silly enough. Corporate jets is just ridiculous. Why should everyone pay for something that for the most part, only benefits a few in any significant mannerl?

      As for Obama, I'm pretty sure he didn't know what he signed. Or at the very least, he didn't think about what the consequences would be.

    13. Re:Obama - Job Killer by sycodon · · Score: 1

      "But there are so many better things that the government could be spending money on if they wanted to stimulate the economy"

      Jets, washing machines, cars, etc. ARE the fucking economy. The Government is NOT the economy. Every penny it spends, it took from someone who worked for it. The manufacture and sale of products and services is at the heart of the economy. The Government, even when taxing and spending in laudable and constitutionally valid ways is still a giant leach. It is like a symbiotic-parasitic organism. And right now, it's a bit out of control and is trying to kill it's host.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
  45. Campaign Promises by Sean0michael · · Score: 5, Informative

    The Tea-Party Republicans ran on platforms of cutting spending and lowering the debt. Can you blame them for not turning on their constituents and breaking promises to pass legislation their home districts are against? I thought we were tired of politicians making campaign promises, then breaking them in office.

    --
    Funtime Candy Wow! - my plan for eventually conquering Japan.
    1. Re:Campaign Promises by Anonymous Coward · · Score: 0

      Then why would they be cutting items that are fractions of a percent of overall expenditures? If they were serious about cutting spending there would be a lot more of the big ticket items on the cutting block.

    2. Re:Campaign Promises by SirWhoopass · · Score: 1

      I have been having the same thoughts. I don't agree with their position entirely. I think the lower/broader tax plan is a great idea, and the balanced budget amendment is totally unworkable. Still, they are doing exactly what they said they'd do when elected.

      More significantly, it appears that they can't be strong-armed by party leadership on the issue. They want significant cuts and won't agree to a plan that doesn't provide that.

      People complain about spineless politicians. People complain about the two party system. The alternative is right unfolding right now. This block of representatives is, for practical purposes, a third party. They aren't voting with the Democrats or the national Republican leadership, they're voting their own way.

    3. Re:Campaign Promises by torstenvl · · Score: 2

      If my mom promises to lose weight, she doesn't break that promise by buying jeans that fit her. She needs to reduce the imbalance between the calories she takes in and the calories she burns. She is already a given size and has already planned out a healthy calorie-reduction diet. She needs jeans that will be possible to wear on that plan. If my mom were to buy only a size 5, and threaten to kill herself if she bought a larger size, and also threaten to kill herself if she can't fit into the size 5, then yes, she would be monumentally insane.

      When Republicans promise to reduce spending and lower the debt, they don't break that promise by raising the debt ceiling. They need to reduce the imbalance between the revenue brought in and the revenue expended. They have already passed the 2011 budget. They need to raise revenue or debt to fund it. The Republicans are threatening to impeach Obama if he raises debt to fund the appropriations bill that THEY passed, and also threatening to impeach him if we default because they didn't raise the debt ceiling, so yes, they are monumentally insane.

    4. Re:Campaign Promises by Anonymous Coward · · Score: 0

      Careful, lest you be branded a zealot around these parts...

    5. Re:Campaign Promises by Princeofcups · · Score: 1

      The Tea-Party Republicans ran on platforms of cutting spending and lowering the debt. Can you blame them for not turning on their constituents and breaking promises to pass legislation their home districts are against? I thought we were tired of politicians making campaign promises, then breaking them in office.

      Yes, but the Tea-Party representatives don't actually believe any of their rhetoric. It's just what they said to get elected.

      --
      The only thing worse than a Democrat is a Republican.
    6. Re:Campaign Promises by kb_one · · Score: 4, Insightful

      Because these people represent a minority of the overall public. Yet they are exercising disproportionate control over critical government decisions. They have a right to their opinions and to represent those who voted for them. However, they've found a procedural tactic to put our society and the world in general at financial risk so that they can ram their beliefs down the throats of the majority. These people made promises that don't stand up to the real world. I don't really mind and often expect this from politicians but it is scary when people care more about re-election than maintaining the financial credibility of the United States of America during one of the greatest recessions in history.

    7. Re:Campaign Promises by Anonymous Coward · · Score: 0

      Yes. I can and do blame them for an inability to govern.

    8. Re:Campaign Promises by mike.mondy · · Score: 1

      You question was rhetorical, but yeah, of course we can blame them. Representation != echoing. The Representatives and Senators need to represent their constituents. That includes both their needs and their wants, both the present and the future. So, if you believe a member of congress has a position that is irresponsible and will cause damage to the country and their constituents, yes, blame them for it. (Admittedly obvious -- we rarely call someone irresponsible w/o blaming them).

      Of course, I imagine those Tea-Party Republicans don't think they're irresponsible and do think their current stances will allow them to accomplish more of their goals and improve the country. If you agree, cheer them on. If you disagree, blame 'em.

    9. Re:Campaign Promises by Anonymous Coward · · Score: 0

      The Tea-Party Republicans ran on platforms of cutting spending and lowering the debt. Can you blame them for not turning on their constituents and breaking promises to pass legislation their home districts are against? I thought we were tired of politicians making campaign promises, then breaking them in office.

      That's not the problem. The problem is that they agreed to spend X in 2011 ALREADY, and now they want to spend 0.5X. That doesn't really work considering how many people they have already promised to pay money to.

    10. Re:Campaign Promises by CowboyHank · · Score: 1

      Yes I can blame them. They got their spending cuts but refuse to compromise at all, that's not how democracy works. If they want to radically alter the country they need to get the mandate of the people and win the Presidency and the Senate in 2012 , not hold the economy hostage through obstructionism.

    11. Re:Campaign Promises by steelfood · · Score: 1

      Taking out the U.S. economy for a couple of campaign promises seems a little extreme. But I guess that's what you get for voting in a bunch of extremists. If you can't compromise, you can't have a functioning democracy. In a working democracy, nobody gets everything they want because what people want is usually benefit at the expense of others. By compromising, everybody prioritizes their wants, and usually ends up with what they want the most. That way, everbody wins a little, and nobody loses a lot. But with the state of education these days, this isn't a concept I'd expect most people to understand. Everybody wants everything without giving anything back. That's not going to happen.

      --
      "If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be."
    12. Re:Campaign Promises by Anonymous Coward · · Score: 0

      You have a valid point, but without compromise of any sort the system fails. Nothing would ever be done.

    13. Re:Campaign Promises by Anonymous Coward · · Score: 0

      Funny how we can view the same situation in two opposite ways. The people who are now "ramming their beliefs" down our throats are model representatives of the people. They made promises. Whether those promises are good or bad is a moot point. They made those promises, and they were elected as a result of them, fair and square. Now you want these elected representatives to break their promises to their constituents because a majority sees things another way. Why should they? That's why We The People vote on our representatives, and representatives vote on issues.

      Further, this minority has made a reasonable proposal: "We'll vote for the increase if you allow a constitutional amendment to enforce a balanced budget." I love it. This is the type of common-sense deal that should have been made a century or two ago. Why NOT have a balanced budget?

      If anyone is ignoring the financial credibility of the US, it's those who are encouraging the US to get more and more into debt. We know who that is.

    14. Re:Campaign Promises by Anonymous Coward · · Score: 0

      The House passed a budget. The democrat-controlled Senate hasn't passed a budget since 2009.

    15. Re:Campaign Promises by Sean0michael · · Score: 1

      Because these people represent a minority of the overall public. Yet they are exercising disproportionate control over critical government decisions. They have a right to their opinions and to represent those who voted for them. However, they've found a procedural tactic to put our society and the world in general at financial risk so that they can ram their beliefs down the throats of the majority. These people made promises that don't stand up to the real world. I don't really mind and often expect this from politicians but it is scary when people care more about re-election than maintaining the financial credibility of the United States of America during one of the greatest recessions in history.

      Everything that you said could be used, word for word, to argue against the Democrats pushing through what many now call "ObamaCare". Based on opinion polls, a majority of American voters was against this change. Procedural tactics were used to squeeze the legislation into something that could get enough votes to pass, and out-right bribery in some cases (See "Louisiana Purchase"). The promises made to the elderly through Medicare don't stand up the liabilities we now owe. The debt incurred by these changes is perhaps not as great a financial risk as defaulting on the debt, but we've yet to see just what will happen if it does. You could easily argue that those voting in favor cared more about re-election (or were retiring and hence wouldn't be held accountable in an election) than ensuring financial stability in the US.

      Your language could also apply to a number of other causes, though we'd stretch the "financial risk" side in doing so: Environmentalists, Defense Hawks, Warmongers, Unions, Corporations, "Big" Industries, Wall Street, etc. All of these in some fashion end up "ramming" (and jamming) things through Congress and down our proverbial throats.

      What you want, but don't yet know you want, is more limited government. Take the power away, and the abuse of that power is also removed. If that power remains in Congress, it will be abused in Congress.

      --
      Funtime Candy Wow! - my plan for eventually conquering Japan.
    16. Re:Campaign Promises by slashqwerty · · Score: 1

      I think the lower/broader tax plan is a great idea, and the balanced budget amendment is totally unworkable. Still, they are doing exactly what they said they'd do when elected.

      A balanced budget amendment passed the House of Representatives and nearly passed the Senate in 1996. Instead of working with an amendment that nearly passed, they added numerous severe restrictions knowing full-well their radicalized version stood no chance of passing. That is not someone trying to accomplish what their constituents voted them into office for. It is someone grand-standing to create the appearance that they are doing something.

      Furthermore, of all the amendments passed by congress only four of them did not have a deadline for the states to ratify them. Those four amendments are still out there waiting to be ratified by the states. We are still waiting for the Corwin Amendment (1861) to be ratified.

      The latest proposed balanced budget amendment obviously started with the text of the 1996 version but, among other changes, the authors exemplified their recklessness by removing the seven year ratification deadline. That would set us up for a constitutional crisis when some states ratify, then revoke their ratification, new states are added to the union, a state splits into two states (like Virginia did), etc.

      If the Tea Party is serious about their claims they could start by proposing a budget that actually meets their proposed constitutional amendment.

    17. Re:Campaign Promises by Anonymous Coward · · Score: 0

      I'd hardly say it's disproportionate. The House had a massive changeover last year for a reason. Since Representation in the House is based specifically on population, the percentage of power they wield is proportional to the people they represent. We're not talking about 2 guys, one from Delaware, and one from Rhode Island here.

      Senator's have the ability to wield disproportionate power, but the fact that this arguement is being stymied by the House makes it a much better arguement for the Will of the People.

      It has to stop somewhere. We cannot keep spending and borrowing like we have. The truth of the matter is that our credit rating *deserves* a down grade. Whatever else may come was going to come down the road whether we wanted it to or not. I think putting it off for future generations and Congresses to deal with is cowardice of the worst kind. Say what you want about the stubborness of the House Republicans to negotiate, but the Democrats are hardly white knights in all of this. Attempting to scare the public by saying folks won't get their social security checks is fearmongering of the worst kind.

      There will never be a better opportunity to fight this issue. I'm not naive enough to believe that the House Republicans are being entirely altruistic. I'm of the opinion that they're playing chicken to ensure Obama doesn't get elected. If we default, regardless of where the Democrats point the finger, Obama will be blamed, it happened on his watch after all, and it'll be a clear demonstration that he couldn't hold up to his campaign promises on the economy. If he gives in to what the Republicans want, he'll piss off his own support base enough that for the concessions that it will probably cost him the election. The Republicans are using the only leverage they've got to knock him out of the White House next year.

      Even with all of that, I applaud their firm stand. The bleeding has to stop, and the sooner, the better.

    18. Re:Campaign Promises by Anonymous Coward · · Score: 0

      Are you implying that Tea Party constituents are too stupid to understand the difference between blocking raising the debt ceiling and actually working to reduce the deficit? Or that they're too stupid to realize you have to raise taxes when you're in our situation, or take actual, radical action that will affect their Social Security benefits, Medicare, and military spending, maybe even reduce tax breaks and other subsidies to corporations that might make things they buy more expensive, like all their food, gasoline, heating oil, etc?

      Oh, wait. You're not implying that. You're implying that these politicians should actually fulfill their physically impossible campaign promises to reduce government spending and also reduce taxes and the deficit, and that blocking raising the debt ceiling somehow helps them achieve these goals.

    19. Re:Campaign Promises by Anonymous Coward · · Score: 0

      Nice ultra-right-wing talking point. I'm sure you're going to enlighten us now on the difference between a budget and a continuing resolution that lasts until the end of the fiscal year. Hint: There is no substantive difference.

    20. Re:Campaign Promises by Semyazza · · Score: 1

      So, what you are suggesting is tyranny by the majority? This was the purpose of our checks and balances. The ability of the minority to question the majority and cause a stalemate so discussion could be had instead of steamrolling over them. This allows everyone's voice to be heard just as loudly, and in the end, the majority will win but, maybe their ideas and composition may have changed.

    21. Re:Campaign Promises by kb_one · · Score: 1

      I understand what you mean. This is a good example of the minority placing a check on the majority so that we can have a broader discussion. However, what is at stake in this issue, the credit of the entire country, is critical to everyone in a national and possibly an international context. In many cases I can see it would be good to have the minority slow down or stop a process in which the majority might be doing something new that is dangerous or questionable. But in this case it is the opposite. It is the minority that is, in effect, doing something new: potentially causing the US to default on its debt for the first time ever. The majority attempting to raise the debt ceiling is nothing new and has been done for decades by politicians of each party. I am not saying this is a good thing, but it is hard to deny that it is a low risk procedural move. The discussion of our debt that the minority is forcing should be held outside the context of raising our debt ceiling due to the time constraints involved. There is a false urgency being imposed by these people. The debt ceiling simply must increase or dire circumstances will occur. I say raise the debt ceiling and then fight over how to prevent this from happening again. The minority still gets to voice their opinion but with less leverage due to having no manufactured crisis. There are other ways the minority can obtain leverage without risking the credit of the entire country. My personal opinion as a home owner and citizen is that the recovery of our battered economy is more important than making rash decisions on how to reduce trillions of dollars in debt in a matter of days. Something as imperative as reducing debt deserves time and debate because it is so important to get it right.

      If we do default or if our credit gets downgraded even without a default the minority will have achieved a Pyrrhic victory at great cost to the people of this great country.

    22. Re:Campaign Promises by Anonymous Coward · · Score: 0

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    23. Re:Campaign Promises by Anonymous Coward · · Score: 0

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    24. Re:Campaign Promises by Anonymous Coward · · Score: 0

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    25. Re:Campaign Promises by Anonymous Coward · · Score: 0

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  46. Re:Physical devices have finite limits. News at 11 by gaelfx · · Score: 1

    Indeed, that's the thing I was most surprised about in this story. Now I wonder if this hacktivism is doing the government's job better than the government could ever do itself.

  47. John Birch Society? by sanzibar · · Score: 1

    rofl.

    always trying to find some sinister connection with the "tea party". A better name for them might be a collective group of people pissed of at government but saying they are former John Birchers - please. I would bet 99.99999% do not even know who or what that is.

  48. Need A Way to Un-Elect Congress by Greyfox · · Score: 1

    I've heard of several countries that will disband the current government if it's not functioning, and go back to elections. We need a process for that here. Although I'm pretty sure recalls don't work at the Federal level, I bet recall petitions would get plenty of signatures right now. Perhaps we should do them anyway...

    --

    I'm trying to teach myself to set people on fire with my mind... Is it hot in here?

    1. Re:Need A Way to Un-Elect Congress by Nimey · · Score: 1

      Yeah, that's a neat hidden vulnerability to our system, isn't it? The Founders never thought that Congress could get so dysfunctional.

      Maybe the Founders weren't the all-wise people that the really strict constructionists think they were.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
  49. Then you didn't check, did you by Anonymous Coward · · Score: 0

    The US is a republic, NOT a democracy.

    Currently, most people don't give a shit, but those who have a strong opinion are over-represented in polls because they have a need to be heard.

  50. Wrong I am afraid by SmallFurryCreature · · Score: 2

    The answer is not to give a little ground, it is for both sides to completely cave in.

    The US welfare system and other social programs is a joke, they are horribly inefficient and provide little. Why does the US spend more on healthcare yet get less?

    And why do the rich in America got an entire party supposedly representing 50% of the population cater solely to their needs? Because all the republican tax cuts are for the super rich, not the working middle class.

    America needs to reform. A better tax system and more efficient spending. A lot more money in and a lot less money out.

    Neither side is willing. Don't forget that the republicans need the social spending to avoid social unrest that would soon see just how much a security gate is worth when armed poor rise up. And the democrats got plenty of backers with corporate jets.

    US politics has reached stalemate. The status quo works fine enough, in a world that doesn't change but the world has changed and the 50/50 distribution of political power makes the US unable to cope.

    The US needs a plan for its economy, dare I say it a planned economy? That doesn't work if two parties are only intrested in the next sound bite, the next election in less then two years.

    Just hold an election for the entire system (both houses) this year and just do the same thing whatever it is for 4 years at least. At this point what you do matters less then just doing ANYTHING. Cut all wellfare and deal with the civil uprising or tax the hell out of everything and deal with the civil uprising or don't do anything and deal with the economic mayhem. But do SOMETHING.

    --

    MMO Quests are like orgasms:

    You may solo them, I prefer them in a group.

    1. Re:Wrong I am afraid by phlinn · · Score: 1

      You know, I'm really tired of people lying about the nature of the tax cuts. The rich got about 30% of the tax cuts. The working class as a group recieved the majority of benefits, even though each individual member of that class received vastly less than the invididual rich people. There are so many more of them..

      --
      "Pulling together is the aim of despotism and tyranny! Free men pull in all sorts of directions" -- Havelock Vetinari
    2. Re:Wrong I am afraid by the_B0fh · · Score: 1

      You're a fucking idiot right? The US spend more on healthcare because we have more people get sick. Simple as that. Fraud is just a rounding error. So is lawsuits. Fact of the matter is, up to 80% of healthcare costs are used up by 15% of the people, and that 15% is going up. So your healthcare cost goes way up.

    3. Re:Wrong I am afraid by lennier · · Score: 1

      how much a security gate is worth when armed poor rise up.

      Don't guns cost money? How do the poor rise up if they can't afford the ammo?

      Not that I think violence solves anything, it actually just turns a bad situation into a worse one (see the current crisis in Somalia for an extended example). But why is there this mythology that expensive weapons technology, even if not actively proscribed by the government, would somehow be affordable by the very people who don't have money to buy cheap things, like food and housing? And then be able to outthink and outgun the people who can afford to hire the best hired militias?

      I mean unless you've somehow flooded the domestic market with cheap firearms, given your poor free weapons training via the military, removed their compassion by shipping them off to full-on urban conflicts in Iraq and Afghanistan where they learn to kill civilians, let them torture prisoners in black sites, make them angry by not paying invalid benefits and using stop-loss orders to prevent them leaving when their initial tour is over... then bring them back home and hire them as security guards in your upscale malls where they spend all day guarding iPods made in China that they can't afford.

      But that would be stupid, so unless you do that, you'll be just fine... right?

      --
      You are not a brain: http://books.google.com/books?id=2oV61CeDx-YC
    4. Re:Wrong I am afraid by lennier · · Score: 1

      You're a fucking idiot right? The US spend more on healthcare because we have more people get sick.

      Yes, why is that? You're an advanced country, you know how to prevent disease as well as treat it... so why do you have more people getting sick?

      --
      You are not a brain: http://books.google.com/books?id=2oV61CeDx-YC
    5. Re:Wrong I am afraid by the_B0fh · · Score: 1

      Fat. Smoking. All that "lifestyle" diseases.

      You go figure out how to treat fat people as fat.

  51. It's not religion, it's just politics by elrous0 · · Score: 2

    Politicians don't believe in anything (yes, that includes your guy too, whoever he is). The only thing they're thinking about is the next election. And, in this case, Republicans have a vested interest in keeping the economy in the shitter through the end of 2012 (because it hurts Obama's reelection potential). In other words, they're not religious, they're just immoral opportunists who won't hesitate to throw the entire country under the bus just to advance their own short-term political interests.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
  52. Wrong Again!!! by clonan · · Score: 1

    The Bush tax cuts resulted in an acceleration of the 2000 recession and the high point was LOWER than the peak in the 90's.

    Because of the Bush tax cuts we had the second most abysmal recovery EVER in 2001-2003. The only worse recover was his SECOND recession 2008-2009.

    When you actually compare change in GDP to the top marginal tax rate you find that they are essentially independent. You can set it at historic lows or historic highs like in the 40's when it was at 95% and the economy gows humming righ along.

    In fact you find a very slight BENEFIT from higher taxes to a point.

    If you chart out the performance of the GDP according to the top marginal tax rate you actually find that our economy has been MOST effective at a tax rate of 60% (yes Six-Zero).

    This actually makes sense because if the top tax bracket is high than owners/investors whill choose to not realize (take home) the profit and instead will tend to reinvest which boosts the economy.

    Now it is true that in the past under certain situations lowering taxes helps. Like when Kennedy lowered them from 90 to 75%. But in general this is rare. For instance, when Regan cut taxes in the early 80's he triggered a recession. The recession was only resolved after he raised taxes 5 seperate times.

    In virtually every case a tax cut has directly lead to a worsening economy the next year while a tax increase (to a point) has resulted in an improved economy the next year.

    Take a look at this analysis: http://www.businessinsider.com/a-few-graphs-on-real-gdp-growth-rates-versus-taxes-and-the-size-of-government-2011-1

    It is very interesting and simple enough for even me to replicate.

  53. Yay for Obama creating a DDoS attack! by Anonymous Coward · · Score: 0

    Lol... well done Obama, for taking down all those websites and slowing the rest!

    Hang on... what's the penalty for DDoS in america?

  54. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  55. correct me if i am wrong. by Truekaiser · · Score: 1

    But didn't they do this during the health care debate about wanting the public option but no one listened and got rid of it anyway? you think they would learn their lesson on if they would actually be listened too rather then being used as a annoyance weapon, since just about every non partisan poll showed that well over 52% of the people wanted it.
    I know i would of loved to have it about that time, at that same time it started to heat up(beginning of 2009) a pituitary tumor made it's self known and i nearly died, the public option would of been a lot better then the hell i went through to get united health care to cover the 26k surgery cost.

  56. Context matters by sweatyboatman · · Score: 1

    Senator Obama's speech was given during the buildup of the housing bubble. It was a period where the Republicans controlled both houses of Congress and the Presidency. They used this power to start two never-ending land wars in asia (off the books no less), create an unfunded Medicare program, and cut taxes on the wealthiest individuals.

    The economic situation in 2006 was significantly different than it is now. The demands on the government to assist the unemployed are far greater and the tax revenue generated is far smaller.

    Further, President Obama is not demanding to be allowed to spend more money willy-nilly. He's asking to be allowed to borrow enough to spend the money Congress already authorized him to spend.

    --
    It breaks my pluginses, my precious!
    1. Re:Context matters by Anonymous Coward · · Score: 0

      Also he needs to spend money fixing all the shit Republicans broke (and what Dems allows them to do).

      Of course, just axing the Bush tax cuts for millionaires would about do it but noooooooo, we can't have more taxes cuz less taxes = UHMAIRICKAH

      (Yes, I am bitter)

    2. Re:Context matters by Magius_AR · · Score: 1

      The economic situation in 2006 was significantly different than it is now.

      Whereas this is true, I can tell you as a fact that Mandatory Spending cost 1.4 trillion in 2006 (half the budget), and costs 2.1 trillion in 2011 (~57% of total spending). As a percentage of total spending, it has always been high. So your claim that it is high only because we're in a slump is wrong. The main expense in our budget is (and for quite some time has always been) entitlement programs.

  57. Please mod parent up! by Optic7 · · Score: 1

    This is exactly the right answer. The debt limit is about paying for money that was already spent.

  58. Comment removed by account_deleted · · Score: 0

    Comment removed based on user account deletion

  59. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  60. All politics aside... by Fitch · · Score: 0

    To distill this down to it's essence, the US federal government needs the ability to borrow money next month in order to pay the interest on the money it borrowed last month. If private individuals do that it's referred to as check kiting. If an investment company does this it's referred to as a ponzi scheme. If our federal government does this it's called business as usual.

    Sadly, the only way things will ever change is if the few true fiscal conservatives in the house remain stalwart and force our government to face reality. The hard truth of the matter is quite simple, our liabilities exceed our gross national product. In business terms we're insolvent. Borrowing more with the justification of obfuscated spending cuts that will never materialize is just stacking another chair on top of an already precarious pile of furniture that we've built up over the past 30 years in hopes of poking our head above the storm clouds. Anyone who buys into the lie of "too big to fail" gets what they have coming to them. The foolishness needs to end, albeit at a tragic cost to everyone.

  61. but what to cut? by feepcreature · · Score: 1

    So spending should be cut. Where should the axe fall?

    Corporate welfare would seem to be a good place to start - a really, really good place, in fact - but I'm sure there are other places where money is spent that does not help the country, the people or the economy.

    Maybe they should lead by example with an across the board 15% cut in legislators' salaries?

    And are not special-interest tax loopholes a form of subsidy, whereby the remaining taxpayers shoulder the burden that is dodged by the lucky (and often rich) few?

    But that's just tinkering round the edges. More cuts will be needed. What (else) should be lost?

    --
    Paul "Say no to feeping creaturism"
  62. Easy Fix by Brainman+Khan · · Score: 1

    If a majority of the states / or federal law was enacted that any Senator or Representative ended their term with deficit spending was not allowed to be reelected or run for public office for four years - Problem solved.

  63. The tea party is not a conspiracy by Quila · · Score: 1

    It's simple grass roots. Nobody controls it, and I mean nobody. Various politicians and organizations have tried to coopt it through endorsement and financial support, but it still remains largely uncontrolled. Religious conservatives have tried to attach their social issues like abortion and homosexuality in order to leverage the tea party's popularity, and have failed.

    It is nothing more than the general expression of anger at the fact that our spending is out of control, and that the consequences of continuing down this path will one day be devastating.

    I am very happy that this is being threatened. It's going to take a confrontation this big in order to get the big-government Democrats AND Republicans (oh yes, they love big government too) to finally do something to avoid a total catastrophe a few dades down the road.

    Compromise is overrated anyway. I want to put a tablespoon of shit in your yogurt. You don't want any shit in your yogurt. Okay, let's compromise and only put a teaspoon of shit in your yogurt. Are you happy with that? Is any compromise on the amount acceptable to you?

  64. Who pays the taxes by Quila · · Score: 2

    "after you count up all the loopholes and compare how much of their "income" actually gets taxed at the much lower Capital Gains rates, actually pay less in taxes than the middle class do?"

    I won't talk rates, I'll talk what's actually paid. Definition: Middle class has a broad definition, but I'll take $30,000-$100,000, which covers the span of most definitions and gives you a large middle class with which to make your argument.

    The top 10% of earners, above 114,000, pay 70% of all income taxes. So, no, the middle class pays less than the rich. The lower 50%, below $33,000, pays almost nothing.

    Short-term capital gains taxes go up with your tax bracket, and the rate is the same. Even if you bought something at $10,000 and a few laters it grew with inflation to $10,500, you still have to pay tax on the $500 even though you technically didn't make any money. Long-term rates are less in order to offset inflation losses and encourage long-term investment that helps the economy over quick flipping.

    Obviously the rich are more likely to invest, so I'm pretty sure it's a safe bet to say that top 25% pay almost all capital gains taxes.

    1. Re:Who pays the taxes by Moryath · · Score: 3, Informative

      The top 10% of earners, above 114,000, pay 70% of all income taxes.

      And 400 people control more than half of the wealth in the country. You don't see an inherent problem here?

      So, no, the middle class pays less than the rich.

      If you define "the rich" as people who make above $114,000 per year. Which still doesn't account for your lousy math and inability to calculate the crucial percentage of individual income number from what you claim above.

      Meanwhile, Democrats have defined "the rich" as people making above $200k/year individually or $250k total household income. Republicans insist that these people are "not making all that much." What was your point about who the "rich" are again? Please do define your terms so that we can have an actual discussion here.

      The lower 50%, below $33,000, pays almost nothing.

      Funny thing about that: if you are making below $33,000 per year at today's prices, you have almost no disposable income to start with: you are making the equivalent of $6000 in 1970 money (feel free to run some other calculations yourself. This is especially true if you are a single parent or have someone else (aging family member) to support. The phrase you are looking for is "blood from a stone."

      Short-term capital gains taxes go up with your tax bracket, and the rate is the same. Even if you bought something at $10,000 and a few laters it grew with inflation to $10,500, you still have to pay tax on the $500 even though you technically didn't make any money. Long-term rates are less in order to offset inflation losses and encourage long-term investment that helps the economy over quick flipping.

      Please get an education and learn to stop lying. All you have to do is hold an "investment" for slightly longer than a year to get it taxed at a mere 15% instead of your actual income-tax rate. The more money people have, the more money they simply funnel through "cycling" schemes that contribute NOTHING to the economy, in order to take advantage of this loophole.

      Capital gains taxes need to be eliminated, pure and simple, and any money gained that way treated as what it is, INCOME and taxed accordingly.

    2. Re:Who pays the taxes by bizard · · Score: 2

      I don't know where you pulled your stats from, though I know I have essentially seen the same bullshit floating around for months now. Even if your numbers were anywhere close to correct (or weren't skewed to pull some middle income households into the wealthy), you are neglecting the fact that the amount of income brought in by those groups is far larger by percentage than the amount of taxes they pay. In 2000, the top 10% owned 69.8% of the wealth (it has gotten worse since). They should be paying _at least_ 70% of the taxes.

      Here is one nicely collated article http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

      As you realize that the top 1% of earners hold 35% of the wealth, you have to wonder why they don't want to pay their taxes.

    3. Re:Who pays the taxes by Anonymous Coward · · Score: 0

      The top 10% of earners, above 114,000, pay 70% of all income taxes. So, no, the middle class pays less than the rich. The lower 50%, below $33,000, pays almost nothing.

      And this is kind of a bullshit argument, because that same group earns more than 70% of all income. The middle class is thus left making up the difference - they collectively pay a higher percent of the taxes than the percent of income they collectively earn.

      The disparity gets worse when you compare wealth, instead of income. (Which is logical. The yearly income/tax advantage has compounded over time.)

      And of course, it's not evenly distributed within that top 10%. It's mostly the top 1-2% that really skew things.

    4. Re:Who pays the taxes by nedlohs · · Score: 2

      "after you count up all the loopholes and compare how much of their "income" actually gets taxed at the much lower Capital Gains rates, actually pay less in taxes than the middle class do?"

      I won't talk rates, I'll talk what's actually paid. Definition: Middle class has a broad definition, but I'll take $30,000-$100,000, which covers the span of most definitions and gives you a large middle class with which to make your argument.

      The top 10% of earners, above 114,000, pay 70% of all income taxes. So, no, the middle class pays less than the rich. The lower 50%, below $33,000, pays almost nothing.

      Your missing an essential number. Sure 10% of the people pay 70% of the taxes - but that tells me almost nothing useful. I also need to know what percentage of the income that top 10% earn.

      I'd say somewhere between 40-50% (but I'm going from old memory). Given the tax system is supposed to be progressive (you mightn't like that, but clearly it is designed to be so) having 45% of the income pay 70% of the taxes doesn't seem unreasonable - especially considering it's including the extreme top end along with that bulk of that 10%.

      Short-term capital gains taxes go up with your tax bracket, and the rate is the same. Even if you bought something at $10,000 and a few laters it grew with inflation to $10,500, you still have to pay tax on the $500 even though you technically didn't make any money. Long-term rates are less in order to offset inflation losses and encourage long-term investment that helps the economy over quick flipping.

      Obviously the rich are more likely to invest, so I'm pretty sure it's a safe bet to say that top 25% pay almost all capital gains taxes.

      The real complaint is the rules that allow hedge fund managers to claim what is clearly income as capital gains. It's not a complaint about capital gains in general.

    5. Re:Who pays the taxes by Darinbob · · Score: 1

      You have to factor in all the capital gains taxes from retirement accounts as well, probably the largest investment block in the country.

    6. Re:Who pays the taxes by Sprouticus · · Score: 1

      The fact that close to 50% of the population is below middle class (per your definition) is indicative of the main issue in the US today. A large, educated middle class is essential to democracy.

      We have neither right now.

  65. Slashdot mod farms by Estanislao+Mart�nez · · Score: 1

    So, what's you're saying is that it's a Vast Right Wing conspiracy, where people have been instructed by a cable news channel to head to slashdot, obtain mod points "with a ton of fake accounts" all in an effort to? What? Silence the opposition by modding them offtopic?

    Well, let's tackle the first piece of this: trolls have in the past created "mod farms" by creating a few hundred accounts to collect mod points and software to manage all of these accounts and easily use them for posting and modding. I know this because some guys I knew on IRC built one back in 2003 or so. Their modus operandi was primarily trolling; they'd post outrageous stuff looking to provoke posters into unhinged responses, use the mod farm to mod themselves up so that their comments were among the most prominent, and downmod folks who figured out that they were trolling.

    So no, it wouldn't be a Vast Right Wing conspiracy; it would be a handful of guys with programming skills who built it for the lulz, but at least one of which also happens to be teabagger who just wants one side of the argument to "win."

    So the real question is: if there is such a thing out there, active, how could we detect it? GP claims to have detected it by observing a pattern where an inordinate number of mod points were used to moderate comments ideologically. Well, then the question becomes whether there were really 300 mod points used that way (can we replicate GP's claimed observation?), and whether this is really inordinate, or just usual mod behavior on Slashdot.

    The one I'm describing back in the day was detected because one of the dumber users decided to get into a modding match with the site admins. The admins have unlimited mod points, so apparently if you keep upmodding to 5 comments that they modded to -1 they will get suspicious, look at who's modding and what IP address they come from, and figure out what the game is.

    1. Re:Slashdot mod farms by Moryath · · Score: 1

      When comments that were previously at +5, Insightful are down to -1, Flamebait/Troll/Overrated in the span of ~10 minutes, it's a sure bet that the system is being abused.

    2. Re:Slashdot mod farms by Anonymous Coward · · Score: 0

      So no, it wouldn't be a Vast Right Wing conspiracy; it would be a handful of guys with programming skills who built it for the lulz, but at least one of which also happens to be teabagger who just wants one side of the argument to "win."

      (I'm the original AC you responded to).

      This quote pretty much sums up why you're on the losing end of the argument, but you probably don't realize why.

      For a long time politics has been treated as a sporting event, like football. You have fans of one team (republicans), fans of the other team (democrats), and cheerleaders for their team (such as Moryath above). Many people don't like the game, much less want to be a cheerleader for either side in the game.

      Along comes a group of people who are tired of the stadium being noisy, leaving trash in the neighborhood, and having a riot every time something doesn't go their way. They've decided to do something about it regardless of either team's cheerleaders calling them stupid or racist or "teabaggers". Some of these are the people who are eligible to vote, but historically haven't.

      We don't "do it for the lulz". Our beliefs are not centered around which team is winning or losing, but instead removing the game altogether. Overall, we don't treat politics as a full contact sport. Instead, we treat governance as just that: good stewardship of our country. It has been in irresponsible hands for far too long.

      In short, an argument on Slashdot will have no bearing on our attempts to remove the corrupt and the corruptible from positions of power and an attempt to return sanity and responsibility to the system. Your use of derogatory terms will not sway our resolve. Saying that we're on the wrong team won't matter once we've gotten rid of the game altogether. There is no "winning" in the way you mean it. But there is definitely a "losing" outcome if we continue spending and borrowing without limit. Only, it won't just hurt your and your opposing team, it'll hurt everyone.

      PS: The sports analogy also works for people in Europe who claim that our game (left vs right) isn't really football at all since it's played with an oblong ball instead of a spherical one.

    3. Re:Slashdot mod farms by Anonymous Coward · · Score: 0

      Except that you're a bunch of fucking racist liars.

      Teabagger. Homophobe. And probably a lot worse.

      Please go back to fucking your sister and stop trying to fuck up my country. Asshole.

  66. Re:during Republican administrations by TaoPhoenix · · Score: 1

    Bingo!

    They pulled the same stunt TWICE now!

    Reagan had all those crispy tax cuts too, while spending lots of cash. They planned it so that the President *after* all that would get stuck with a burst bubble economy, which is supposed to be the magic formula for a 1-term President. The only problem was that last round they mistimed it, so that "their guy" Bush Sr. got stuck with the fallout.

    Remember it was Clinton who made some progress balancing things.

    So then yes, they had an absolute blast playing War, "Staying the Course", while sticking Obama with the worst financial crisis in history?

    How are these guys not impeached for gross negligence or perjury in office?

    --
    My first Journal Entry ever, in 8 years! http://slashdot.org/journal/365947/aphelion-scifi-fantasy-horror-poetry-webzine
  67. Obligations not to lie by Quila · · Score: 1

    The legal obligations of purported news sources not to lie should be stronger, so at least one distortion on our system could be reduced

    Hear hear! We need some control over the likes of NPR and CBS (remember Memogate?) spouting their lies.

    Oh, you probably meant Fox, as if they were the only ones that lied. You probably weren't thinking about the same standards being applied to your favorite liberal sources and their lies.

  68. Re:Physical devices have finite limits. News at 11 by AlamedaStone · · Score: 2

    And those limits can be overwhelmed by a large response.

    Or is the real news story that Americans are expressing something about their political parties for once?

    I think the buried lead is that these systems weren't even built with the expectation that they'd be used by a significant number of voters.

    --
    "All these years believing you're the signified monkey, only to find out you're just a big hunk of nobody cares."
  69. Spend more money, raise taxes, lower taxes... by bryan1945 · · Score: 1

    Whatever.
    Same shit different administration. Is there any meaningful differences with this administration from the previous 3? Democrats bad, Republicans bad, Lady Gaga bad, etc. (And shut up, I do vote) Not that it really matters, they all screw up.

    --
    Vote monkeys into Congress. They are cheaper and more trustworthy.
  70. MD House Goes Political? by tomxor · · Score: 1

    Well i guess Arnie did so why not.

  71. Re:run this tab up by TaoPhoenix · · Score: 1

    Right, so how are they not impeachable for gross irresponsibility? Walk out of a restaurant without paying you get the cops all over you. Walk out on a trillion dollar war and "oh, it's just politics".

    --
    My first Journal Entry ever, in 8 years! http://slashdot.org/journal/365947/aphelion-scifi-fantasy-horror-poetry-webzine
  72. Marginal vs. effective tax rate by Estanislao+Mart�nez · · Score: 1

    Enough of this drivel. What's fair? The 35% they pay now? The 39.6% they paid under Clinton? The 70% they paid under Kennedy? Or the 94% they paid under FDR?

    The rich don't pay 35% of their income as taxes. That's the highest Federal marginal tax rate on ordinary income (e.g., salaries). For 2009, that rate applied to each dollar of ordinary income earned in excess of $372,951 for the year. The thing is that the truly rich avoid this 35% on most of their income by receiving most of their income as long term capital gains, which are taxed at 15%.

    What you want to compare is effective tax rates, which is the true percentage of income paid as tax after all the math is done. Over the past few years, the 400 highest-income Americans have had an effective federal income tax rate of about 17-18%. For comparison, I make low six figures, and my effective tax rate is about 21%.

    1. Re:Marginal vs. effective tax rate by Magius_AR · · Score: 1

      The thing is that the truly rich avoid this 35% on most of their income by receiving most of their income as long term capital gains, which are taxed at 15%.

      Exactly. Which is why the focus of the debate should be on closing such loopholes. Instead, Obama is deadset on simply jacking the taxes on everyone at 250k+ joint income, which is going to impact quite a few small business owners (and the "lesser rich"/"upper middle class").

  73. This by ThatsNotPudding · · Score: 1

    Public schools for your kids?

    The GOP would be more than happy to zero out public schooling. Rather, they would just move that money into hands of thier zealot friends to fund their madrassa-style christian academies.

  74. Think of the maintenance jobs too by Quila · · Score: 1

    Crew, maintenance, repair parts, airport fees and all those petroleum industry employees paid for with expensive jet fuel. Easily hundreds of thousands, or even millions, of dollars a year put into jobs for just one rich guy's desire to own a jet. And rich guys don't pay minimum wage for a flight crew since they like to remain among the living. IIRC, these jets tend to get redecorated when they change owners. That can cost of hundreds of thousands of dollars and more, and you and your coworkers keep your jobs for that much longer.

    And yachts. Unfortunately we've kicked most private shipbuilding out of this country, but those hundred million dollar yachts still come with an operating cost of around 10% of the purchase price per year with a large crew, maintenance, fuel, and expensive berthing fees. Paul Allen's boat employs a crew of 60, including helicopter pilots, pumping $20 million a year into the economy.

  75. Figures... by Anonymous Coward · · Score: 0

    If hackivists take down a site via DDoS in protest, it's illegal. If the President gets people riled up enough and brings down a website with brute mass, it's "letting your voice be heard."

    Hear that Anonymous? If you want to avoid jail, go find a massive army of angry people with too much time on their hands.

  76. What's really sad by publiclurker · · Score: 1

    is when a small fraction of a man actually thinks that his attempts at boosting is importance by mechanical enhancement is really of any concern to the government or any adults. Next time, try sticking some socks down your pants instead.

  77. Mortgage crisis cause by Quila · · Score: 1

    1. Reduced tax income from the mortgage crisis recession (unregulated corporate corruption)

    Don't forget government meddling in markets, providing the perverse incentive to create said corporate corruption. Don't forget Democrat Barney Frank's response when Bush was trying to tighten regulation on these corporations in 2003 to head off said mortgage crisis:

    These two entities--Fannie Mae and Freddie Mac--are not facing any kind of financial crisis. ... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

    Meaningful regulation and enforcement was thus blocked.

    Democrats have been riding on "Bush's fault" for years. Time to man up and take responsibility.

  78. are you willing by publiclurker · · Score: 1

    to share what you are smoking? It must be some pretty strong stuff.

  79. Okay, listen up by Anonymous Coward · · Score: 0

    Let's do something new here and ignore politics.

    Every fiscally-responsible American knows that you can't just spend all kinds of money without the income to balance it. Balance. A balanced budget.

    Point #1: No entity can be financially healthy without making more than it spends.

    I own my own business, whose work, by nature, is not consistent. While I pay my employees VERY well so that they can live off of sporadic work, they collect unemployment during the lulls. Two months ago, I had a HUGE job come up, so I called them in to work. Two of them refused, because they want their 99 weeks of unemployment. This is a TRAVESTY. It is WRONG. This entitlement mentality that so many Americans have is driving us to the ground, and you just want to take MORE of the money that I earned?

    Furthermore, we all know that there are hundreds of companies (big and small) who avoid taxes through hundreds of tax loopholes. Closing these loopholes, while maintaining the current tax rate would generate more revenue than increasing taxes without tax reform.

    Points #2/3: While making more money is a valid option for achieving a balanced budget, the most reasonable first steps are to plug the leaks and unclog the income pipes before concluding that you need bigger pipes.

    Side Fact #1: Even if you raise the tax rates for the top 2% all the way to 100%, we would STILL have a deficit budget. Raising taxes will NOT fix our spending problem.

    Side Fact #2: We don't need until next November to fix the budget. Do you really think it takes 16 months to do? No. It only takes 16 months to pass this issue until after the 2012 elections. This is a political move.

    My non-political solution:
    Fill the holes in the tax code. Tighten up entitlements. Quit trying to tell me where and how to run my business, and let everyone decide for THEMSELVES what is the BEST way to spend their OWN money. Balance the national budget like every tax-paying American has to do, and screw your (generalization) bullshit, self-serving political agendas.

  80. Re:during Republican administrations by dpilot · · Score: 1

    Because darn it, they're RIGHT! And if they're RIGHT, then the Democrats must be WRONG!

    Humor aside for a moment, there is a kernel of truth in the hyperbole above... Today's (not excluding other eras, just not addressing them) Republican party is very much rooted in authoritarianism. A key part of authoritarianism is that the legitimate leader is Right, and authority flows down from there. That explains 2 things, among others...
    1 - It's why there are so many attacks against Obama's legitimacy - the birther movement, etc.
    2 - It's also why Obama can tout ideas that originated with Republicans, and suddenly they're Wrong!
    In other words, if authority flows down from the legitimate leader, nothing the illegitimate leader does can possibly be right.

    This is part of why in TV interviews, etc, Republicans sound so certain of their facts and convictions, regardless of the correctness of those facts. By that same token, Democrats are rooted in uncertain processes, consensus, discovery, and such. Therefore in public debate, you have a Republican who KNOWS he's right vs a Democrat who believes he's right. It's human nature to respond positively to that certainty.

    Therefore, the Republicans have been very successful at blaming Democrats for the country's problems, regardless of any facts. It's all the more interesting when the Republicans could hold the Presidency, Senate, and House, and STILL blame the Democrats for the country's problems - and get away with it.

    --
    The living have better things to do than to continue hating the dead.
  81. Re:run this tab up by smelch · · Score: 1

    Nobody is saying not to pay the restaurant, the Republican side is there will be no default, to pay the restaurant, we have to stop paying for netflix. Obama is saying we won't pay the restaurant knowing full well that we could pay the restaurant and take the much less severe consequences of having our netflix account cancelled. Thing is, no netflix isn't as scary as having the cops all over you, so it doesn't work as a political tool as well. Who's playing politics again?

    --
    If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
  82. The Real Question is by Anonymous Coward · · Score: 0

    Obama called on the American people to 'make your voice heard.' House Speaker John Boehner's website responded with a 'Server Too Busy' or 'Bad Request (Invalid Hostname)' message during parts of the day.

    Which is bigger: The slashdot effect or the Obama effect?

  83. Canadian Solution! by DarthVain · · Score: 1

    Sell Canada back Alaska!

    We'll even let you keep Palin!

    1. Re:Canadian Solution! by rokstar · · Score: 1

      Alaska was purchased from the Russians, not the Canadians...

    2. Re:Canadian Solution! by DarthVain · · Score: 1

      Well British, but true.

      Funny enough it was 2 cents an acre at the time or 7.2$ million in 1876.

      My trusty inflation calculator says that 7.2$ from 1876 to 2010 dollars is approximately 110$ Million dollars.

      As the official Canadian representative I hereby offer the United States of America, in their time of financial need, 110$ million dollars for Alaska (-Palin).

      Oddly enough, the Russians sold it because they were hurting for cash also (and they though the British would take it anyway)...

    3. Re:Canadian Solution! by Anonymous Coward · · Score: 0

      Tomayto tomahto, they're all commies anyway.

  84. Not hypocrisy by Anonymous Coward · · Score: 0

    Hypocrisy is the mother's milk of politics.

    People rarely know they are committing hypocrisy when they do. Psychosis is the mother's milk of politics -- and for good reason. There is a bizarre logic to what is going on, and Karl Rove understands it far better then George Lakof.

  85. easy fix by Anonymous Coward · · Score: 0

    40% income tax on all income above $30,000, and abolish all other taxes. The End.

  86. Earning vs. paying, you are wrong by Quila · · Score: 2

    you are neglecting the fact that the amount of income brought in by those groups is far larger by percentage than the amount of taxes they pay.

    In 2008, the top 0.1% (140,000 people) earned 10% of all income and paid 19% of all income taxes.

    The top 1% (over $380,000) earned 20% of income and paid 38% of all taxes.

    The top 5% (over $160,000) earned 35% of income and paid 59% of taxes.

    Notice the trend, they all pay MORE in taxes than their percentage of earnings.

    Now when you go below that, the top 5-10%, $114,000-$160,000, the percentage of earnings about equals the percentage of taxes paid at 11% each.

    It gets flipped when you go below that, $67,000-$114,000 pays 16% of the taxes, but has 22% of the income.

    $33,000 to $67,000 has 20% of the income, but pays 11% of the taxes.

    You are already looking at a highly progressive tax structure.

    , the top 10% owned 69.8% of the wealth (it has gotten worse since). They should be paying _at least_ 70% of the taxes.

    Wouldn't you know it, the top 10% paid almost exactly 70% of the taxes, although earning only 46% of the income.

    you have to wonder why they don't want to pay their taxes

    Probably because they're already paying a far higher precentage than everyone else.

    http://www.taxfoundation.org/news/show/250.html

    All data from the IRS, raw data links on the page.

    1. Re:Earning vs. paying, you are wrong by holmstar · · Score: 1

      That is correct for "Income", but the wealthy are better able to hide income in investments which are taxed at a much lower capital gains rate. If you include those investments as income, then they actually aren't paying their fair share, as famously mentioned by Warren Buffet: comparing his own effective tax rate to that of his secretary.

  87. Get Real by Anonymous Coward · · Score: 0

    People -- S&P will down grade unless there are $4T in real savings. Neither plan does this.

    The problem is over promising and the cuts need to happen now.

  88. National Funk Congress Deadlocked... by Fubari · · Score: 1
    National Funk Congress Deadlocked On Get Up/Get Down Issue

    The bitter "get up/get down" battle, which has polarized the nation's funk community, is part of a long-running battle between the two factions, rooted in more than 35 years of conflict over the direction in which the American people should shake it.

    Strangely appropriate. I wish it wasn't funny.

  89. My other post lays it all out vs. income by Quila · · Score: 1

    I'd say somewhere between 40-50% (but I'm going from old memory). Given the tax system is supposed to be progressive (you mightn't like that, but clearly it is designed to be so) having 45% of the income pay 70% of the taxes doesn't seem unreasonable

    Your numbers are about correct for 2008. I am not contesting the reasonableness of the current situation either way. My problem is when demagogues such as Obama try to portray these people as greedy freeloaders who aren't paying their "fair share" when their tax burden is already quite disproportionally progressive.

    Note also the historical trend from that page. Since 1980 (from before Reagan, starting in the Carter years) the top 5% have gone from paying 36% to 58% of income taxes, while their income has gone from 21% to 34%. Notice the expanding gap between income earned and taxes paid, was 15%, and is now 24%. We have become steadily more progressive over the years, and Obama still says they're not paying their "fair share."

    It's pure unabashed class warfare demagoguery.

    The real complaint is the rules that allow hedge fund managers to claim what is clearly income as capital gains.

    That is quite the loophole that needs to be closed.

  90. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  91. Your "scumbag" is Obama by Quila · · Score: 1

    He's the one who has threatened that people might not get their checks.

    The other side (which includes some Democrats) is trying to get him to accept a plan that will have some hope of putting this country back on track to solvency.

  92. No deal without you taking Palin by Quila · · Score: 1

    And you have to promise to keep her off TV.

  93. Side fact #3 by Quila · · Score: 1

    If we confiscated the ENTIRE net worth of the Forbes 400 richest people in America, we would get $1.4 trillion, barely enough to cover the 2010 deficit.

    Then we're left screwed for next year because we will not have gotten our spending under control.

    1. Re:Side fact #3 by Duradin · · Score: 1

      If only it wasn't a one shot deal, then there'd be time to sort things out after not committing financial suicide.

  94. Re:run this tab up by sumdumass · · Score: 1

    high crimes and misdemeanors. Those are defined by the very body in question. Of course it only applies to regular folk. Haven't you heard, the king/Queen can do no wrong.

  95. The funny part about this, Obama's role by Quila · · Score: 1

    The "tax break" on "jets" was part of Obama's own stimulus plan. What a hypocrite.

    The "tax break" was really accelerated depreciation on private aircraft, all the way down to two-person, single-engine Pipers, not just big jets. The company still pays in full, but they get to write off the depreciation faster. This was meant to spur jobs in a very delicate industry that was still reeling from 9/11 and had been hit very hard by the recession because their regular customers were too worried about spending that kind of money in that economic environment.

    It worked, too. Orders shot up and jobs were saved all across the country. The government probably made more tax revenue from the jobs and airplane manufacturers than it lost on the depreciation.

    And we do have tax breaks for washing machines in the form of energy saver tax credits and rebates.

    1. Re:The funny part about this, Obama's role by Anonymous Coward · · Score: 0

      And we do have tax breaks for washing machines in the form of energy saver tax credits and rebates.

      Great, so when they come up with an Energy Saver qualified private jet, they can get that tax credit too!

  96. Not true by Anonymous Coward · · Score: 0

    Actually, it was. The debt problem goes all the way back to allowing the Federal government to define legal tender. And then on top of that to make it paper.
    It WAS set up to be 50 different nations, it's just that little thing called the Civil war that messed it up. They ended up doing the wrong thing (strong federal government) for the right reasons (US style slavery is evil).

  97. Noticed "authorized by law" by Quila · · Score: 1

    If they don't authorize it by law, then any debt above the current authorized amount is simply not valid and can be questioned. Right now they're trying to authorize more debt by law so that further debt will be valid and not questioned. It doesn't say we can't default on payments on the current debt.

    The Constitution is really very simple. It's people twisting it to mean what they want as opposed to what's in the text that makes it complicated.

  98. Financial Credibility by Anonymous Coward · · Score: 0

    It's not us that don't care, it's you. We care more about maintaining the financial credibility of the United States of America than trying to stay elected. If the debt ceiling is raised, the "gimme my handout" democrats will just spend that too. I say screw all the special interests; get your money grubbing fists OFF MY WALLET!. We can fix this all in one swell foop: Make it illegal for the federal government to tax the people.
    There are several ways to get rid of cancer:
    Excise it. -- (Civil war)
    Burn it. (Rioting, massive civil disobedience)
    Stop blood from getting to it, by clamping the arteries that lead to it. (Don't raise the debt ceiling)

  99. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  100. Relative representation by overshoot · · Score: 1
    The USA has 435 members in the House of Representatives and about 300M population. Due to a few States with too little population to even make the average, most Representatives stand for a bit more than the average. Call it about 690K per.

    An order of magnitude can make a big difference. As far as I can tell, your MPs have about as much staff as one of our Representatives, so about all ours have time for is to look at the topic of the correspondence and return the form letter for that topic.

    --
    Lacking <sarcasm> tags, /. substitutes moderation as "Troll."
  101. We have to fix our money by AP31R0N · · Score: 1

    Our money IS debt. That means we pay our bills... with debt. We use Our Visa to pay Master Card. How then do we pay Visa? With our Discover Card.

    If you're the deeply interested type watch The Money Masters.

    If you are short on time watch Money As Debt.

    Until we fix what our money IS, we'll be doing this over and over, and at faster rates and with bigger sums.

    --
    Utilizing the synergization of benchmark e-solutions to pre-workaround action items!
  102. Re:We're a sinking ship by petermgreen · · Score: 1

    So many posts like the score:5 up top are weak minds towing their party line. They can't see the writing on the wall. Thing's *have* to change. The way I see it, we have few options going forward:

    -cut spending, pay down debt. escape.
    -raise debt ceiling, continue towards financial oblivion.

    Afaict most of the US debt is denominated in US dollars so the US governement also has the option of "printing" their way out of it (either directly or by ordering the federal reserve to lend money to them at a defined rate).

    --
    note: i'm known as plugwash most places but i screwd up registering that here somehow in the past and now can't register
  103. The capital gains bogey man by Quila · · Score: 1

    There is a reason long-term capital gains taxes are lower. One, it's incentive to invest, which keeps companies going, which keeps and makes jobs. Second, capital gains have already gone through business taxes and have taken a hit for inflation. A lower tax rate compensates for these built-in losses to investments.

    I'm rich and invest $1 million in an average stock. It made 10% in a year and I pull out the $100,000 profit. I pay my full 35% income tax on that, $35,000, for a supposedly realized profit of $65,000.

    But what about inflation? The 2.3% inflation rate carved $23,000 of the value out of my $1 million in that year. After taxes my inflation-adjusted profit is only $42,000. The government, through its inflationary monetary policy and taxes, just effectively took 58%.

    Now let's do it with the 15% capital gains tax. I make $100,000, tax is $15,000, inflation loss is $23,000, I get $62,000. The government, through inflation and taxes, took 38%, a bit higher than my income tax rate, but at least in the same ballpark so as to make sense.

    This inflation compensation doesn't count much in normal non-invested income because you make it this year, you spend it this year. Investments can get killed by inflation as shown above, so capital gains tax eases that. This makes investment, a necessary driver of our economy and the source of almost everybody's retirement funds, more attractive.

  104. "NBA2K12" announced the cover of this speculation by Anonymous Coward · · Score: 0

    This yearit is more fire "NBA2K12" this big jordan shoes game, the original in the game world, but also some of the real world to follow the reaction. Look at this is the case.
        2K today announced the company "air jordan shoes" cover. The difference is that with this year's game will have three covers, they were Michael Jordan, Magic Johnson and Larry Bird. In addition, they also stepped up the game for shoes and other weapons, such as Jordan shoes, etc. these are also derived from a variety of shoes out of reality.
        "Last year we used the cheap jordan shoes when the cover was a great success." 2K's vice president of marketing, said, "But we do not want to stop there and we added another two this year, the NBA legend - Larry Bird and Magic Johnson division, such a special representative of the cover of the NBA's greatest heroes. According to reports, although "2K12" has a different cover, jordan 23 under the cover of the game, but three kinds of content are exactly the same as the game will start from October 4 sale. how, like a friend can make a reservation online.it's written by luyunping on 7.29

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  105. Adidas Crazy 8 Baylor Bears-PE version by Anonymous Coward · · Score: 0

    Adidas Crazy 8 Baylor Bears-PE version
    The ball replica Asias Crazy jordan shoes is a flashy version of the purpose of basketball shoes, shoes, where the general design philosophy, PE versions of the air jordan shoes in the past decade because of the number of rare rare, as the ring inside the cheap jordans the most popular topic. The beginning of time, PE version of the shoes belonging to a player simply means that certain teams or special color. But perhaps we'll see some special color of the shoes in a wide range of people's eyes. Because
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  106. Verbhal version of the Nike Lebron 7 PE and Sample by Anonymous Coward · · Score: 0

    Verbhal version of the Nike Lebron 7 PE and Sample versions
        Of the family with NIKE shoes,
    jordan shoes nike has created an excellent basketball shoes Nike Lebron 7 PE & Sample, which has a variety of layout colors, according air jordan shoesTOM YORK, July 16 on the annual ESPY Awards held yesterday, formally, the effect on the rear guard Diana Phoenix Mercury - WNBA Dorothy was awarded the best player award this year,cheap jordans and she also Lindsay - Vaughan, Sai Ruina - William James and Maya - Moore was nominated along with the best female athlete award, but unfortunately the prize eventually get Vaughan. Double last season as the WNBA's MVP, Dorothy's performance in the game for all to see womens jordans, she helped Mercury past three seasons won two championships, but she has the past four seasons scoring three times to join the throne. Recently, Kixpo 2011 shoes at the show, Verbhal bring a variety of Nike Lebron 7 PE version and Sample versions, including three "Hardwood Classic" version, and Hardaway, Dean Saunders and Jordan fit hero suit, "CavFanatic" color, "Think Pink" jordan shoes for saleWNBA players Dorothy's Cheap Jordan shoes PE version, the road version of James to his alma mater, the University of Kentucky version, as well as DJ Clark Kent with the launch of the "112" version, and Jay-Z launched The "All Black Everything" and two versions of the Sample michael jordan shoes Nike Lebron 7 Low version.it's written by luyunping on 8.2

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  107. The PEAK line conference held site by Anonymous Coward · · Score: 0

    The PEAK line conference held site
        Last night, the PEAK jordan shoes line conference held in Beijing, China, NBA star - Jason Kidd, Sean - Shane Battier), Dorell - Wright, Patrick - Patterson, Javier - McKee and Kevin - Carrefour which six NBA players to sign the collective air jordan shoes debut, with Chinese fans and media to meet, officially opened the Olympic 2011NBA star Chinese line the big screen. This is the sixth Shane come to China. Battier cheering crowd onto the stage,cheap jordans one up he sighed and said: "
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  108. Adams Cup in China men's basketball team lost thre by Anonymous Coward · · Score: 0

    Adams Cup in China men's basketball team lost three negative
    Adams Cup Haining station today (Aug. 3) into the third day, as in the previous game ended in Angola defeated the Russian team, so the Chinese team missed the future have been identified The final result of the game only decided to name the Chinese team in the final tomorrow, 3,4 opponents Russia and Australia.
    China men's basketball team lost to Australia 62-69 final, tomorrow's men's basketball final name will be battles 3,4 Russia. China men's basketball team 52-67 in a game on the big team lost jordan shoes to Turkey, to meet the night after the game summed up the Chinese team, Wang Shipeng, said today's match then the audience will see 12 Wolf, team an opening to show a very good condition, Yi Jianlian and Wang Shipeng air jordan shoes scored a goal each for the Chinese team has, the Chinese team is defensive end golf ball, Yi Jianlian grabbed the offensive rebound buckle up after the Chinese team finished 8-0 start forced the Australian team cheap jordans request suspended. Australia getting hold its ground after a pause, the Chinese team in the fate of Wang Shipeng and let the United Arab offensive momentum weakened, tied the game at end of the first 15 levels. Second period,womens jordans both in the field is intense, but experienced a climax after the opening attack on the Chinese team at this time seems to have staying power, the Australian team gradually go-ahead score, the Chinese team 28-34 at halftime behind 6 points. After the start of the first half of the jordan shoes for sale game for the Chinese team Wang Shipeng hit the third, but the Australian attack on the core of Yi Jianlian's Chinese team is very strong double-team, the United Arab attacks have hampered the side-effect Cheap Jordan shoes is not the team's offensive efficiency high, approaching men's basketball has never been able to points difference.
    But in the end of the section men's basketball team put on the defensive intensity suddenly pressed the opponent, resulting in Australia consecutive errors, approaching the Chinese team took the opportunity to score, 3 end of the 44-45 men's basketball only 1 point behind. Fourth quarter both in the field of Air Jordan competition is more intense, Yi Jianlian is still in this section, the crazy double-teamed by opponents, but this section of the game he was feeling hot, bite stages scored six consecutive points, but unfortunately the distal brave the United Arab failed to bring the final victory for the team, reluctantly swallow the final round robin Chinese team lost all three games of the consequences. It seems Michael Jordan Shoes the Chinese team need to regroup ah, we can not because of Yao Ming's departure also lost the entire tournament, this is really afford to lose. Chinese team's general lack of stamina, have to say this is a physical test.it's written by luyunping on 8.5

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  109. Luol Deng can participate in Euro premiums as pro by Anonymous Coward · · Score: 0

    Luol Deng can participate in Euro premiums as problem-solving
        Luol Deng was born in the Sultanate of the famous giant tribal-Dinka tribe,NFL Jerseys is the Manute Bol of the same family, his many brothers and sisters are all good players. Moved to the U.S. later, Deng became ranked second only to LeBron James's 04 th high school small forward,Soccer Jerseys have the opportunity to helicopter NBA. Deng was selected Duke University, almost a repeat Carmelo Anthony led his life a year ago, won a big undertaking, but unfortunately stop fighting the semi-finals. After joining the Bulls Nocioni is starting to win the war,NBA Jerseys the performance is unusually stable, mid-season and Okafor, Gordon, and two sanding ROY into a trend. Later, legs and fingers were a hand injury, was unable to attend the playoffs, ending a wonderful advance for the season, was selected Rookie First Team. After the news,NHL jerseys Deng (Luol Deng) as insurance issues are not addressed and may not be able to participate in this year's European Championship. But now he has to worry about this problem. Deng on its Web site today, said insurance premiums have been resolved and he will be able to participate in the beginning of August 31 Euro. "Effect for the British team has always been important thing, so I am delighted that this issue is resolved. This process continues for a long time, but we have made efforts due to NBA lockout,MLB jerseys NBA teams during this period will not Players to buy insurance, but the players did not participate in the case of the insurance game, to face a high risk now England need-based - Gordon (Ben Gorden) to solve the same problem.it's written by luyunping on 8.5

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  110. BOB DONEWALD denied Yi Li play poor by Anonymous Coward · · Score: 0

    BOB DONEWALD denied Yi Li play poor
        since the first Adams Cup Haining station Yi Li scored a team-high 16 points, jordan shoesthe last five games he did not show any color, air jordan shoesbut today (August 7) ??at 69 China -89 loss to the New Zealand game easy to stand still five guilty graduate. Hua Germany coach admitted after the game easy to stand the poor performance of their own fault.
        BOB DONEWALD old famous American basketball coach in the 1976 NCAA tournament, he once helped as an assistant coach at Indiana University team won the championship undefeated. After that he worked at the University of the team as head coach and more support, advocate slow-moving, more offensive style of tactics. Bob also worked as a senior in 1992 Dream Team assistant coach, led Jordan, cheap jordansJohnson and other NBA stars womens jordanstook home a public men's basketball Olympic gold medal in Barcelona. "Relatively strong because of our players are injury, jordan shoes for saleso I just Easy to make up some of the strongest defensive team, Team New Zealand is very smart,Cheap Jordan shoes they discovered the weakness, Air Jordankept his strong play to the basket to form a mismatch. Do not criticize easy to stand, it's not his fault, which is I said before, Michael Jordan Shoeslet Yi Su Wei partner,all of michael jordans shoes we can play well when we on the lineup when the score was opened. "" These are not easy to establish fault, all of michael jordans shoesso if Ding Jinhui They could not move him; Wang is an old team, they get it working; jordan shoes for cheap pricesthere they can not tear down the Zhou Peng,New Jordan shoes etc. These wounded are back, jordans-airbrandshoesyou can easily stand back to his comfortable position. "it's written by luyunping on 8.9

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  111. Odom's Grandmother's Simple Wish: To spend More Ti by Anonymous Coward · · Score: 0

    Odom's Grandmother's Simple Wish: To spend More Time with Odom
        When Odom was a child,jordan shoeshis favorite thing is playing basketball with older kids , and only play point guard, air jordan shoeseven in the later sub-soaring, cheap jordanshe still prefer 1-bit. So the court will always be a scene of some funny scenes: one head is higher than the half head of Fang Zhongfeng the big boys wait for a rebound in the paint, but the old ball swinging in the periphery ... womens jordansSo we did see a unique Austrian Dome - a set point guard technology, the pace of a small forward, power forward's body in one of Odom. When he first entered the league, Odom usually appear in the No. 3 position, jordan shoes for salehe was two meters tall and 08 and a pair of arm on the other side of the small forward has a very big deterrent. And later moved to Miami and the Lakers, Cheap Jordan shoesthe team lack quality big men, Odom has been the top to the power forward position. In his new role,Air Jordan his opponent is still delicate technical headaches.
        Odom's grandmother Florence Odom had 85 years of age, the elderly do not have anything much to pursue, Michael Jordan Shoesonly that his grandson will be able to accompany their lot. "I hope that Odom could come to sit down and chat with me." Odom every month even though some subsidies to the grandmother, all of michael jordans shoesbut hope he can come to Florence to see him. Odom Florence from his infancy began to take care of his school clothes are bought in Florence. "He already had two children, jordan shoes for cheap priceshe married with the Kardashians. I told my Sunxi only talked on the phone,New Jordan shoes she sounds so cute it." Florence said, "She promised they will come look at me ... I believe they are confident, jordans-airbrandshoesI am full of hope. "it's written by luyunping on 8.10

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  112. Hawks Give a sale price: $ 300 million acquisition by Anonymous Coward · · Score: 0

    Hawks Give a sale price: $ 300 million acquisition of 80% of the shares
        Hawks is a team has a glorious history: from Pettit to the "gunmen Pete" to the "Human Highlight Film" .When people talk about the traditionof the team, NFL Jerseysthe Atlanta Hawks will not you first think of the team. But the eagle is the same as any team has the longest history. Johnson, Soccer Jerseysnow the Hawks since joining the league after the youth is a crack, NBA Jerseyscan not underestimate any team.
        Hawks and California real estate Alex Meruelo has reached a sale agreement , NHL jerseysaccording to NBA official website to get the news, the Hawks should not exceed the price of $ 300 million. This price includes the Hawks home Philip Arena, in addition,MLB jerseys Meruelo also assumed the Hawks debt. It is reported that mental group still has about 20-25% of the shares. Meruelo also from the spirit of the group in the next few years to buy the rest of these shares.it's written by luyunping on 8.10

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