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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.'"

121 of 1,042 comments (clear)

  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 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.

    2. 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?

    3. 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.
    4. 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.

    5. 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.
    6. 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.

    7. 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.

    8. 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
    9. 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...

    10. Re:Rewrite the Constitution or face default! by MadKeithV · · Score: 3, Insightful
    11. 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.

    12. 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.

    13. 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.

    14. 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?

    15. 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...
    16. 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.

    17. 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
    18. 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
    19. 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...
    20. 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)
    21. 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.

       

    22. 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)
    23. 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
    24. 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.

    25. 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
    26. 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.

    27. 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.

    28. 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!

    29. 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
    30. 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"
    31. 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.

    32. 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)

    33. 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.

    34. 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.
    35. 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
    36. 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.
    37. 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.

    38. 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.

    39. 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...
    40. 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
    41. 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...
    42. 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
    43. 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?

    44. 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.

  2. 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 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.
    2. 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
    3. 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.
    4. 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
    5. 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.
    6. 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.

    7. 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/
    8. 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
    9. 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.

    10. 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.

    11. 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
    12. 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.

    13. 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.

    14. 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
    15. 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
    16. 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.

    17. 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.
    18. 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.

    19. 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
    20. 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.

    21. 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
    22. 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~
    23. Re:Will it make a difference? by Machtyn · · Score: 2

      Yep, cheaper than the "joke on poverty", too.

    24. 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!
    25. 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.
    26. 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?"

    27. 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~
    28. 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
    29. 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."
    30. 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.

  3. Re:This is Democracy in action by melikamp · · Score: 4, Funny

    This is Democracy inaction

    There, fixed it for you.

  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 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
  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. 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.
  7. Oh Great by Xacid · · Score: 3, Insightful

    Now we're going to Slashdot them too!

  8. 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
  9. 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
  10. 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."

  11. 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 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.
    2. 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.

    3. 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.

  12. 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 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.

  13. 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"

  14. Re:They will not listen.... by PortHaven · · Score: 2

    It's no new taxes without balancing the budget.

  15. 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.

  16. 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 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.

    2. 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~
    3. 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

  17. 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

  18. 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
  19. 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.
  20. 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.

  21. 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 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
  22. 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 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.

    2. 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.

  23. 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.

  24. 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.
  25. 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.

  26. 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 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.

  27. 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."
  28. 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.