Why is the co-chairman of Obama’s national commission on debt claiming that spending will destroy America…?
from within? This was Clinton’s Chief of Staff, and he’s correct, and the article should be required reading for everyone…how do liberals believe that we are gonna “tax the rich” enough to cover this enormous burden that Obama has saddled us with? (you could take away ALL their income and it wouldn’t be covered)
The answer is plain as day…CUT SPENDING, cut it drastically, and cut it NOW! How many in Congress will be willing to not get “their fix” of spending other people’s money?
excerpt…
The government’s current spending trends “will destroy the country from within,” said the co-chairmen of Obama’s national commission on debt.
Commission chairmen Erskine Bowles and Alan Simpson spoke Sunday at the annual National Governor’s Association meeting in Boston, Mass., reported the Washington Post.
Medicare, Medicaid, and Social Security programs annually consume all federal revenue, according to the chairmen. All discretionary spending funds for year-to-year budgeting and expenses are used up on the three programs, forcing the government to borrow money to cover the rest of the government’s expenses.
“The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans, the whole rest of the discretionary budget, is being financed by China and other countries,” said Simpson.
By 2020 the United States will be spending $ 2 trillion on just the interest of the national debt, said Bowles, if the United States makes no changes.
“We can’t grow our way out of this,” said Bowles, reported the Washington Post. “We could have decades of double-digit growth and not grow our way out of this enormous debt problem. We can’t tax our way out. … The reality is we’ve got to do exactly what you all do every day as governors. We’ve got to cut spending or increase revenues or do some combination of that.”
http://www.theepochtimes.com/n2/content/view/39038/
Robe: Really? That’s what you come at me with? Something from damn near 30 years ago?
This country is in real trouble and you say” Well, Reagan did it so we can too.” You must be a liberal, right?
Where were you when Reagan tripled the national debt?
He’s the only one in the sorry administration that won’t lie!
No one is as bad as 0bama, no one comes close!
>>> Bowles, who was White House chief of staff under Clinton,
>>> worked successfully in 1997 with Republicans on a bill to balance the budget.
Perhaps Obama and other liberal clowns should listen to this sound alnalysis. After all Obama promised bi-partisanship, did´t he?
Note, folks:
this guy does not represent the Obama administration on this comission. Obama is represented by SEIUs former chief Andy Stern (what a joke)
It is okay to spend money like water because republican presidents had a deficit too.
In reality, we have seen no where near the end or the worst of this recession/possible coming depression.
lp
Duh!… we don’t need a egghead with a Phd to tell you that if you run up your credit card to ridiculous amounts that the solution will be bankruptcy only this jacka**s in the white house is failing to see the obvious.
At least one of them y0-y0′s knows what is going on.
The Muslim in chief thinks it’s Monopoly money. He’s an epic failure, worst in US history.
I thought using America to enrich the wealthy was the government’s reason for existing. We’ve been dairy cows getting milked since the FED was established. How obvious does it have to be?
Kenyan economics don’t work….neither does 0bummer. He’s a FAILURE!
Why should one invest in roads, airports or your kids future? There is a season for all things! Why did we borrow to defend this country against Germany, Japan and Italy! I don’t have blond hair and blue eyes, I would be dead as native American!
Yes.
Even Democrats are now saying that Obama is going to Destroy America.
Fudge 0bama. He’s an idiot!
Clearly the most INCOMPETENT administration in our nation’s history.
He’s an idiot, the co-chairman. Look, You can vote GOP, the party that made this problem, until you are blue in the face and it wont help. Read this carefully. YOU WILL NEVER EVER EVER BALANCE THE BUDGET WHILE YOU HAVE TWO WARS GOING ON. Let that sink in. Clinton had nothing like this to deal with. Different situations call for different actions. Clinton also slashed the military budget.
You can vote GOP until you are blue in the face, and you may see a 1-2 % budget cut. Will you cry when they get in and we don’t have the same size government we has in the 1820′s?
You cut spending and you take the wind out of the sails of recovery, and the GOP know this. They won’t cut the deficit much.
The GOP will slash a few social programs, ya know throw a few families to the street, deny kids some health care and food. The tea parties will be going wild throwing rotten fruit at the poor, throwing wild parties. Then the GOP will quietly increase corporate welfare and reward those who caused the financial mess in the first place, reward those who work to destroy America’s middle class. They will work hard to hammer in the final nails on the coffin labeled “American middle class.”
Send the half breed back to Kenya, the experiment failed!
We haven’t seen nothing yet, The Abomination of Obama-ism is just beginning to take toe on the American people. IN Americas time of our greatest need we have been con by a Marxist deceiver. The crime he and the progressives have permitted knowingly their agenda was more important then the welfare and security of the United States should be treated as treason. No one can be that stupid. It had to be with intent. Nancy Pelosi, and others like her should answer for the arrogance of their progressive pride over common sense. Unfortunately their are no laws protecting us from the arrogance and stupidity of progressivism. A new word for Communist wont-to-bees..
How much will America suffer with the insanity of Obama-ism? How for back has this set the American people only time will tell. Notice how the liberal news media are still being quite about all of this? The soviet seed of Marxist brainwashing has being going on so long in the USA that many today still thank more socialism is a good thing that they still believe in it wile the results of it is trying down America and they do not believe it is happening because of it, and have forgotten what freedom is and what our forefathers fought for.
Socialism, and Communism are forms of humanism that replace God and freedom with human government as god over man and every time it cost millions and millions of lives in its process in past history When will we learn? Have we let Communist educate our children to be stupid?
Is this not their evolution of things that we suffer again.