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National Debt To Increase By $9 Trillion Over Next Decade, $4.8 Trillion Just In <i>Interest</i> Alone

National Debt To Increase By $9 Trillion Over Next Decade, $4.8 Trillion Just In Interest Alone

Commented Nov 22, 2009 at 14:00:15 in Business

“Why is social spending always derided as an "entitlement"? Why is there no talk of debt and deficits when we went into a useless 3 trillion dollar Iraq war? Think about that.

This i the state of our finances when you destroy a surplus with useless tax cuts and criminal wars.”

prettyinpink replied on Nov 22, 2009 at 15:58:16

“Yes, and most of the dems including BHO went along with the spending.”

prettyinpink replied on Nov 22, 2009 at 14:12:22

“Obama trys to defend this debt with three arguments.

First, he asserts that he "inherited" his large deficit from Bush (despite his Senate votes in favor of nearly every policy that created the deficit). This argument could be plausible if Obama had tried to rein in -- or at least not worsen -- the deficit. But after "inheriting" a projected $1.2 trillion deficit for 2009, he decided this was too small.

Based on the unproven notion that deficit spending can end recessions, Obama pushed through a massive "stimulus" spending bill whose very purpose was to bring the budget deficit to nearly $2 trillion. This suggests that even if he hadn't inherited a big deficit, he'd have created one.

Second, Obama claims he'll cut the deficit in half by 2013. So what? The deficit has quadrupled this year -- a 50 percent cut from that bloated level would still leave deficits twice as high as before the recession. By the president's own projections, deficits would rise back up over $1 trillion by 2018.

Finally, why criticize President Obama's deficits when the debt started shooting up under President Bush? In fact, Bush received mountains of criticism for his deficit spending. Even supporters of Bush's outlays can complain -- just as someone driving 75 mph has every right to yell "maniac!" at the car that blows past him going 100.

George W. Bush ran $300 billion deficits while fighting a war; Obama is now promising us permanent $1 trillion deficits even after America”
Bill Moyers Retiring From Weekly Television

Bill Moyers Retiring From Weekly Television

Commented Nov 21, 2009 at 04:24:44 in Media

“Amy Goodman should replace him.”

Exexecution replied on Nov 21, 2009 at 13:44:03

“That's a reasonable suggestion”
John Malone: Comcast-NBC Would Have Too Much Power

John Malone: Comcast-NBC Would Have Too Much Power

Commented Nov 20, 2009 at 01:28:09 in Media

“Hurt Murdoch's bottom line but also create a rival Mudoch? What a dilemma.”

WebCommoner replied on Nov 20, 2009 at 02:15:01

“All we would be doing by allowing the merger to go through is create the potential for Comcast to merge with Murdoch someday. All of these mega-mergers head in one direction ... towards stifling competition. Murdoch should have never been allowed to buy as many media outlets as he did, and now we're talking about doing it again, but just with a different face.”
Mike Mukasey's Fort Hood Jokes: Too Soon?

Mike Mukasey's Fort Hood Jokes: Too Soon?

Commented Nov 19, 2009 at 00:37:59 in Politics

“You're living on another planet. If a Democrat had said this he'd be crucified.”
Mammogram Age Pushed Back To 50

Mammogram Age Pushed Back To 50

Commented Nov 18, 2009 at 01:00:20 in Living

“All these women users are going hysterical. Sorry ladies but the study said if you have a family history or some genetic issues you should get checked in your 40's. For the general population it's not needed. Now I know the media and the women's groups have scared you relentlessly into thinking breast cancer is coming after you but it's not.

Wanna lower your chances of breast cancer? Stop using all the chemical laden cosmetics.”

amaycatbaker replied on Nov 18, 2009 at 08:15:19

“AMEN about the cosmetics! Plus sun screen is full of stuff that does not belong on the skin.”
Dave Obey Chides Obama Administration For 'Stupid Mistakes' On Stimulus Reporting

Dave Obey Chides Obama Administration For 'Stupid Mistakes' On Stimulus Reporting

Commented Nov 17, 2009 at 12:20:06 in Politics

“Fudging numbers is sadly done all the time in government statistics. It started in the 80's when big business changed the way inflation and unemployment stats are produced.”

sarabono replied on Nov 17, 2009 at 12:56:44

“Uh, that was the way the GOVERNMENT changed the way inflation and unemployment stats are produced and collected.”
Paul Krugman: Germany's Jobs, Unemployment Miracle Can Teach US

Paul Krugman: Germany's Jobs, Unemployment Miracle Can Teach US

Commented Nov 17, 2009 at 02:30:40 in Business

“Yep. Germany was mocked and ridiculed by many here in the US/UK for having such a regulated banking system. Their bank losses haven't been nearly as bad as ours, hence why they're creating more jobs, because their economy was more insulated from shock.”

000Jade000 replied on Nov 17, 2009 at 03:18:31

“Well, Germans are savers, so that was a shock absorber, too. My best friend lives in Germany; when she was living here, she could not believe the amount of credit card offers that people get. In Germany, you go to a bank to apply for a CC. They do not constantly send offers through the mail. All countries with a national health care system have that as a buffer, too.”
Lobbyists Fret Over Bank Break-Up Proposals

Lobbyists Fret Over Bank Break-Up Proposals

Commented Nov 15, 2009 at 17:59:09 in Business

“There is a description about the phenomena you; mentioned. It's often used in the context of neoliberalism, It's the "virtual parliament" Business corporations unseen and unelected decide government policy.”
House Health Care Bill Reportedly Would Sharply Reduce Benefits For Senior Citizens

House Health Care Bill Reportedly Would Sharply Reduce Benefits For Senior Citizens

Commented Nov 15, 2009 at 17:18:16 in Politics

“A politician serving those who got him elected, SHOCKING!!­!!!!!!!!!!­!!!!!!!!!!­!!!!!!

The so called cuts to medicare are to curb fraud and abuse. As well to roll back the blow job to the insurance industry called medicare advantage which as astronomical overhead.”
Fareed Zakaria: Is American Innovation A Thing Of The Past?

Fareed Zakaria: Is American Innovation A Thing Of The Past?

Commented Nov 15, 2009 at 14:53:22 in Business

“Right on jackie.”
Fareed Zakaria: Is American Innovation A Thing Of The Past?

Fareed Zakaria: Is American Innovation A Thing Of The Past?

Commented Nov 15, 2009 at 14:52:48 in Business

“And religion and greed are the motto of a major US political party.

The GOP has destroyed America.”
Fareed Zakaria: Is American Innovation A Thing Of The Past?

Fareed Zakaria: Is American Innovation A Thing Of The Past?

Commented Nov 15, 2009 at 14:50:50 in Business

“Chomsky had it right when he said Ayn Rand was one of the most evil intellectuals of all time.

We're in an economy that her ideas created. I don't believe hell exists, but if it did, she'd be burning in it.”
Fareed Zakaria: Is American Innovation A Thing Of The Past?

Fareed Zakaria: Is American Innovation A Thing Of The Past?

Commented Nov 15, 2009 at 14:45:01 in Business

“He's one of the better people in the elite neo liberal movement.”

GEM-592 replied on Nov 15, 2009 at 14:49:28

“... but nevertheless is what he is.”
Fox Orders YouTube Purge Of Clips Used By Progressives

Fox Orders YouTube Purge Of Clips Used By Progressives

Commented Nov 15, 2009 at 13:13:20 in Politics

“I meant to say fun.

Make fun of me on that I deserve it.”
Fox Orders YouTube Purge Of Clips Used By Progressives

Fox Orders YouTube Purge Of Clips Used By Progressives

Commented Nov 15, 2009 at 13:12:31 in Politics

“Fox can't stand by their work, LOL.

Stop making fund me of, WHAAAAAAAA­AAAAAAAAAA­AAA”

satyriasis replied on Nov 15, 2009 at 13:13:20

“I meant to say fun.

Make fun of me on that I deserve it.”
Rich Buying Again, But Middle Class Still Hurting

Rich Buying Again, But Middle Class Still Hurting

Commented Nov 14, 2009 at 17:22:23 in Business

“As a service economy we should still be heavily unionized. No reason why Wal mart and IBM's work force can't be unionized. The demand for unionization has not gown down. Political forces and gov policy has smashed unions. The unions and working class slit their own throats when they voted in Reagan and his criminal buddies in the GOP.

REAP WHAT YOU SOW>”

bluejoni2525 replied on Nov 14, 2009 at 17:32:31

“I totally agree 100% fanned”
Goldman To Private Insurers: No Health Care Reform At All Is Best

Goldman To Private Insurers: No Health Care Reform At All Is Best

Commented Nov 13, 2009 at 04:01:05 in Politics

“Raid Goldman and close down this cabal of crooks. They'be done enough damage to our country and the world.”

imusintheevening replied on Nov 13, 2009 at 04:05:01

“Considering our government decided to back up their risk exposure they are safer than the gold in Fort Knox.”

flossophy replied on Nov 13, 2009 at 04:02:24

“Hei| Satyriasis!

I'll assemble the beigeshirts, sir!”
The Economist The Obama Administration Should Have Listened To

The Economist The Obama Administration Should Have Listened To

Commented Nov 12, 2009 at 12:37:18 in Business

“What relevance does that have with what I said? None of course. Home Owners Loan Corporation was very successful program. Implemented correctly it could recap the banks and keep people in their homes.

You right wingers haven't given up smearing FDR have you? Besides minorities had improved standards of living thanks to FDR. They weren't ignored like that had been by every president before him. Do programs lose effectiveness after a while? Sure. But you don't act as if no action will solve problems.”
The Economist The Obama Administration Should Have Listened To

The Economist The Obama Administration Should Have Listened To

Commented Nov 12, 2009 at 12:02:11 in Business

“Well said Hume.”
The Economist The Obama Administration Should Have Listened To

The Economist The Obama Administration Should Have Listened To

Commented Nov 12, 2009 at 11:55:34 in Business

“Yep. His plan has been a failure. Should have done what FDR did and set up a Home Owners Loan Corporation to buy mortgages directly and then renegotiate with the borrower. This way they could recap the banks and keep people in their homes. Nouriel Rubini even supported such a plan.

BUT NO THAT WOULD MAKE SENSE.”

KDog76A replied on Nov 12, 2009 at 12:22:06

“FDR also was responsible for the Projects..­. pretty much all of them...

yeah that didn't destroy neighborhoods or keep minorities segregated”
Washington Times Beefs Up Security As Internal Turmoil Continues [UPDATE]

Washington Times Beefs Up Security As Internal Turmoil Continues [UPDATE]

Commented Nov 12, 2009 at 02:40:49 in Media

“Moon funds them. They've been a massive money loser for decades. But moon claims that the political power the times has in right wing circles is worth the cost.”
10 States Face Looming Budget Disasters: Pew Report

10 States Face Looming Budget Disasters: Pew Report

Commented Nov 12, 2009 at 02:37:02 in Politics

“marijuana will drive our recovery. Legalize and tax now!”
10 States Face Looming Budget Disasters: Pew Report

10 States Face Looming Budget Disasters: Pew Report

Commented Nov 12, 2009 at 02:36:29 in Politics

“Yep, I agree, cd. Cd for governor.”
Conservative Group: Time To Purge Muslims From Military (VIDEO)

Conservative Group: Time To Purge Muslims From Military (VIDEO)

Commented Nov 11, 2009 at 13:17:46 in Politics

“Being outnumbered by morons is something we atheists are proud of.

Creating change isn't easy but with time and education people will come our way. Abolitionists were just as outnumbered when their movement began.”
Chris Dodd On

Chris Dodd On "Morning Meeting": We Have Financial Regulations From 'The 19th Century'

Commented Nov 11, 2009 at 13:00:13 in Business

“An accident? LOL. The current system was designed to be weak and enrich the financial industry.

We had a great regulatory frame work from the New Deal that lasted just fine for decades until Reagan. It was just down hill from there. But make no mistake. It was by design. The imbeciles who naively supported such a disastrous design change may have believed it to be good but it wasn't. They don't deserve to serve in Congress.”
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