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The debt commission called for 4 trillion in cuts over 10 years, and Paul Ryan's plan called for 4 trillion in cuts. Both of those were submitted as reasons why S&P downgraded our credit rating and they stated they would not have done so if serious strides were made to curb our national debt problem. Make no mistake about i...
The Republicans bill raises the debt ceiling by 2.4 trillion dollars and cuts spending by 2.4 trillion. It does not raise taxes on anyone, not even those filthy "rich" that actually get up and work for a living every single day, 60 to 80 hours a week. The gang of 6 raise the debt ceiling bill has a few other things to it that are not conducive to our nation.
Many of the talking heads are now trying to use Reagan and his speech as an example of why Obama is correct in this matter, but here is the problem with that. When Reagan was talking about raising the debt ceiling it was only to be 20% of the current GDP. Obama and the Democrats want to raise the debt ceiling to GDP by almost another 30% over the next 2 years, we are currently at 98% and they want to add another 4 trillion dollars to the debt ceiling. with no real serious discussion on curbing o
They talk a great game, the President Obama has said repeatedly that he is for cutting entitlements, that he is willing to go as high as 4 trillion dollars in spending cuts. Yet he has not provided a single detail as to what he would cut, and how much that program would be cut.
So the story goes that the British paper, News of the World, hacked a murder victims cell phone, hacked the cell phones of the 7/7 terrorists and even the phones of the royal family. OF course all of this is still being investigated and Rupert Murdoch has stated that it did not happen, he even said that his company investigated the issue when it first came up and found nothing.
We have had other areas that have increased far faster than inflation during that time. Welfare, or anti-poverty, has increased 89%. Public education has increased 219%, veterans 107% and medicare expanded at 81%. These are from the last year that I could find and that was 2009.
It was the fourth meeting in as many days and there has not been much progress made, mostly because the President and Democrats refuse to see the light that the American people are not willing to just accept tax increase without serious spending cuts. Which in every poll put out in the last week has shown that Americans want what the Republicans are offering, massive spending cuts, and what the democrats want in tax increases.
The countries deficit needs to be addressed, as we cannot keep up with the spending levels that we have had over the last 5 years. We are now averaging over 1 trillion dollars in deficit spending each year and the experts do not see that slowing down anytime soon. So when the nations leaders get together and spend some quality time addressing this issue, it speaks well that maybe we will finally get somewhere.

