GOP willingness to swallow defense cuts is historic

In hindsight, President Barack Obama made one major if understandable miscalculation in the 2011 budget-sequester process. Needing something that would force congressional Republicans to negotiate when the time came, he and his advisers crammed some $500 billion in defense-spending cuts into the bill, believing that congressional conservatives would compromise to avoid implementation of those cuts.

He was wrong. Some Republicans — led by John McCain in the Senate and by House Armed Services chair Buck McKeon, among others — have indeed tried to rally great outrage at the cuts. For example, according to a fact sheet put out by McKeon’s committee:

“In the midst of the most dynamic and complex security environment in recent memory, sequestration would severely diminish America’s global posture. An additional 100,000 soldiers, sailors, Marines, and airmen would be separated from service. Those reductions would lead to:
– The smallest ground force since 1940
– A fleet of fewer than 230 ships, the smallest level since 1915
– The smallest tactical fighter force in the history of the Air Force.

… Cuts to spending for the acquisition of military equipment alone would lead the loss of over 1,000,000 private sector jobs. These cuts could push unemployment back up to 9%. Cuts to active-duty and DOD civilian
personnel would amount to over 350,000 jobs lost.”

(According to data released by McKeon’s committee, Georgia alone has 37,000 civilian defense employees, and furloughs will cost the state some $203 million in payroll between now and October.)

However, despite such dire warnings and in a surprise to the Obama administration, congressional Republicans in general have found defense cutbacks far more acceptable than the revenue increases that would be needed to avoid them. And if even Republicans no longer see the Pentagon as invulnerable, that’s historic.

In fact, that change of attitude will have consequences far beyond the immediate short-term spending battle between Republican and Democrats. It represents a national turning point, with potentially major long-term implications not just for defense spending but for how the United States of America conducts itself overseas. It would seem that the American people are no longer content to spend more on defense than every other major country on the planet combined.

The politics behind the change are fairly conventional. In a recent poll by The Hill, 49 percent of likely voters said they would support cutting defense in order to reduce the deficit, while only 37 percent were opposed to the idea.

Contrast those numbers with a similar question asked about entitlements:

hillpoll

To be honest, I first saw inklings about that change in attitude regarding defense not in polls, but in comments on this blog over the past few years. When a number of conservative Georgians began to voice support for making cuts in the Pentagon budget, I realized that public opinion was changing quickly at the grassroots level, in ways that official Washington had not even begun to understand.

But that too is changing, as the sequester demonstrates.

– Jay Bookman

407 comments Add your comment

Peadawg

March 4th, 2013
8:34 am

True, Jay. But this got my attention even more:

http://politicalticker.blogs.cnn.com/2013/03/03/obama-worked-the-phones-saturday-on-spending-cuts-adviser-says/?hpt=hp_t2

“He’s reaching out to Democrats who understand we have to make serious progress on long-term entitlement reform, and Republicans who realize if we have that type of entitlement reform, they’d be willing to have tax reform that raises revenues to lower the deficit,” Sperling said Sunday on CNN’s “State of the Union.”

We’ll see what happens.

M

March 4th, 2013
8:36 am

Our smallest military in years is still more than the next 10 or 15 countries combined.

Keep Up the Good Fight!

March 4th, 2013
8:39 am

Perhaps we need to concentrate on some more military cuts rather than the misdirection of entitlement cuts. Infrastructure is where we should be spending.

Peadawg

March 4th, 2013
8:40 am

First, biatches btw. Happy Monday!

American Christian & Patriot!

March 4th, 2013
8:40 am

But we need those battleships and fighter planes to win against the terrorists!!!

And what about those military jobs!?

Obarma don’t care about military warriors.

Brad Steel

March 4th, 2013
8:43 am

Hmm? So the republicans are actually going to move their foreign policy platform 50’s to the 80’s?

Oh, how wonderfully daring and progressive!

Welcome to the Occupation

March 4th, 2013
8:43 am

Amazing, isn’t it, that Obama’s Republican negotiating partners have simply refused to take “Yes” for an answer from an Obama who has been just bending over backwards to put social programs on the chopping block as part of a “grand bargain”.

Eventually the GOP will magically come around and join with this austerity president, who is a natural partner for them, in taking the meat cleaver to the social programs and gains for working people of the 20th Century. That’s just a matter of time, and all of this is a really just so much theater.

Jm

March 4th, 2013
8:44 am

A. There will be no more tax revenue increases unless there is tax reform reducing rates

B. Yes, fiscal issues matter to Republicans and spending will be cut. Of all types, shapes, and forms.

Get used to it. Or get used to stalemate.

RB from Gwinnett

March 4th, 2013
8:47 am

Who is even proposing “cuts” to SS and medicare, Jay? Hell, I don’t even support that. However, in it’s current state, the programs are unsustainable and they need to be modified so future generations have a chance at collecting something at all.

You may as well phrase the question “Do you prefer cuts to SS/Medicare or free beer?” and go with that answer as statistically valid.

M

March 4th, 2013
8:48 am

Here’s a good read regarding the reasons why we won’t have a deal anytime soon. The GOP says things like, “If Obama did X, we’d totally be for that.” Then it’s pointed out that Obama is indeed offering X, and the Republicans switch to “we never wanted X in the first place, it’s a gimmick.”

Sigh.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/02/this-is-why-obama-cant-make-a-deal-with-republicans/

Jm

March 4th, 2013
8:48 am

Peadawg – yes, Obama has to convince Senate Democrats to reform entitlements. If he doesn’t, the sequester will stay in effect indefinitely.

stands for decibels

March 4th, 2013
8:48 am

He’s reaching out to Democrats who understand we have to make serious progress on long-term entitlement reform

And I hope each and every one of those guys and gals told him to eff right off.

godless heathen - owner of many things he does not need

March 4th, 2013
8:51 am

The DoD throws money away with both hands.

Maybe they’ll learn to spend more wisely.

Maybe a Civil Service job for the DoD won’t be a guaranteed money train until a fat retirement.

Maybe we’ll look at combining some branches of our military.

In my area, the Holy Grail of employment has always been to “Get on at the base.” Great pay, lots of holidays, total job security. Needs to change.

They call me MISTER JamVet.

March 4th, 2013
8:51 am

There are always BIG consequences to military cuts like these. It is such a huge component of our economy that there is no way around it

I remember thinking 30 years ago that the impact on military communities, especially smaller ones, though severe, was something that we needed to do then, rather than kick that can down the road forever, thus exacerbating the problem.

And though there have been many base closings and realignments, the issue, is not resolved and is still with us.

And in spite of Eisenhower’s brilliant warning, the reactionaries will always say that this is NOT the time for change. Even though we spend WAY, WAY, WAY too much on a corrupted, fraudulent, wasteful and redundant military-industrial complex…

stands for decibels

March 4th, 2013
8:51 am

if even Republicans no longer see the Pentagon as invulnerable, that’s historic.

It’s “historic” that one of two national parties took more than 20 years to acknowledge a peace dividend after fighting the Cold War all those years?

Well, that’s one word you could use, I guess.

Dumb and Dumber

March 4th, 2013
8:52 am

Sad to see 60% of males and 77% of voters in poll are so clueless. Democrats will rule as long as #s stay like that (and the printing presses keep running on the money). Unbelievable people in this country are so dumb.

larry

March 4th, 2013
8:53 am

Dear John Boehner,

Thank you for standing up to President Obama . My new contract is $52 million guaronteeeed. And that new tax rate of 39.6%. LOL!! With all of my new loopholes you preserved, my tax rate will be two times less that. Heck, our ball boy will be paying more in taxes than i will. LOL!!! Anyway, thank you again. Now, i’ll expect to recieve that invitiation to meet my man, Mitt Romney. You know, the one that came up with that bone head idea to close loopholes to us millionaires and billionaires in the first place. I know now that he knows the error of his idea!!!

Thank You

Joe Flacco

stands for decibels

March 4th, 2013
8:54 am

Sad to see 60% of males and 77% of voters in poll are so clueless.

So “clueless” as to think that the richest, most powerful country ever on the planet should at least keep its half-assed promises to provide a half-assed social safety net?

Words fail me.

Find Muck

March 4th, 2013
8:55 am

The Vent Guy has confirmed that a statement attributed to Churchill pointing out the fundamental differences in the whole lib/con mindset
is in fact accurate.

I definately trust the VG over Granny Sam everyday.

Doggone/GA

March 4th, 2013
8:56 am

“Sad to see 60% of males and 77% of voters in poll are so clueless. Democrats will rule as long as #s stay like that (and the printing presses keep running on the money). Unbelievable people in this country are so dumb”

Yeah, that’s how to win people over to your “side”…keep telling them their too dumb to understand your message. Ever heard of a “self-fulfilling prophecy”? You are defining it.

Welcome to the Occupation

March 4th, 2013
8:57 am

RB from Gwinnett: “Who is even proposing “cuts” to SS and medicare, Jay? Hell, I don’t even support that”

Uh, Obama! C’mon.

Oh, and also a guy named Ryan who you may have heard of. He has quite a reputation as an up-and-comer in GOP policy circles.

They call me MISTER JamVet.

March 4th, 2013
8:58 am

OK, off to further fuel the non-military component of our economy.

Enjoy the rest of the morning and don’t feed the dumber and mucky trolls!

Normal, Plain and Simple

March 4th, 2013
8:58 am

I’m still ambivalent about the Military cuts. The Military Industrial Complex has bled us dry, but I really would like to see more cuts on oil and Agriculture monies. We could just about balance the budget on those alone, I’m thinking…

JohnnyReb

March 4th, 2013
8:59 am

I’m with RB – I don’t want SS cut.

The question in the poll was designed to produce a political answer favored by the organization who funded the poll.

A question that made it clear older people’s SS would not be touched and only younger workers would be transitioned to a different program would have produced an entirely different result.

Steve

March 4th, 2013
9:00 am

I’m beginning to wonder if we’ll ever reach a compromise where the filthy rich will start to pay taxes on their corporate jets so we can then take more food away from poor children and the elderly.

levels of blackness

March 4th, 2013
9:01 am

I want to know who the airport shuttle jacker’s sphere of influence
voted for.

MOB RULE is coming, sheeples!

Steve

March 4th, 2013
9:01 am

Total cost of wars since 2001:

$1,429,000,000,000+

think about that for a minute.

http://costofwar.com/

JohnnyReb

March 4th, 2013
9:02 am

Any assumption the Right is willing to weaken the military in favor of social programs is flat wrong.

This particular moment in time is an abberation to get spending cuts in place since Obama won’t do any cuts.

You will see the Right move to give the Pentagon flexibility in using their money to mitigate Obama’s sequestration.

That’s right – it’s Obama’s. He wanted it. He got it. The House passed two bills to prevent this but Barry and Harry would not take them up.

DannyX

March 4th, 2013
9:03 am

Are you kidding??? The defense contractors well never allow the cuts to be made. Their lobbyists are swarming DC as we speak. This is just a negotiating ploy by the Republicans, they know who their masters are, they have no intention of allowing these cuts to be made.

wahoo

March 4th, 2013
9:03 am

Jay, defense spending can come down in a post-war environment, as it has after previous wars. The fact that the GOP wants to reduce defense spending should be seen as fiscally prudent in the long run since defense is such a large annual expenditure.

In theory this should appeal to both conservatives who care (or proclaim to care) about reducing the deficit, and to liberals who have long bemoaned the fact that we spend so much more on defense than any other country.

Stevie Ray

March 4th, 2013
9:05 am

JAY

I’m thinking that the sequestermaggedon hysteria employed by McCain is akin to that of BO. Both using scare tactics to generate public opinion to keep sacred pet or otherwise ideological (often illogical) characteristic(s).

I’m not sure there exists a disingenous comparison between cutting the military and the numbers offered on altering entitlements. The word “cuts” as opposed to eliminating waste, slowing medical cost increases, or simply minor restructuring in order to be better prepared for historic draws on these programs in the coming decades are more appropriate questions. If course nobody wants their share of the entitlement pie “cut”..of course “cut” is not defined in the question…

TaxPayer

March 4th, 2013
9:05 am

Bush’s wars should have been funded with new tax revenues from day one. Given that Republicans refuse to pay for their wars, or anything else, we have no choice but to cut the DoD budget and cut it we will.

DannyX

March 4th, 2013
9:05 am

“The House passed two bills to prevent this but Barry and Harry would not take them up.”

“I got 98% of what I wanted.”
-John Noehner

Redneck Convert (R--and proud of it)

March 4th, 2013
9:06 am

Well, why can’t they cut off the old geezers and the welfare queens and Those People and give our defense a bump in the budget? I just don’t know how we’re going to keep this country safe if we don’t have 700 buck toilets (you got to have nice places for the best soldiers in the world to take a dump) and $150,000 salaries for contractors that do the same thing a $30,000 soldier does.

I’m scared, I tell you. What good does it do to be saved from some thug planting a chip in your brain if the Terrists are just going to run loose all over the place?

Let’s put the priorities where they belong. Make them Republican priorities. Let the freeloaders beg with a tin cup at the exit ramps.

That’s my opinion and it’s very true. Have a good Monday everybody.

mm

March 4th, 2013
9:08 am

Truth is, there have not been any tax increases. The Bush tax rate simply expired. This is not new revenue. It’s simply existing revenue Bush gave away in his budget busting tax cut binge.

New revenue should come from eliminating the ridiculous tax loopholes.

indigo

March 4th, 2013
9:08 am

“defense cutbacks far more acceptable than revenue increases”

Today’s Republican Party is totally owned by Big Business, which furnishes most of their election and re-election funding.

Big Business is only interested in profit. If their political toadies allow the people to suffer and our defense to be weakened, it means nothing to them.

Reducing their profit margins, however is something they will NEVER accept and you may be sure Boehener and all the others have been given to understand that in the harshest terms possible.

RB from Gwinnett

March 4th, 2013
9:10 am

“A question that made it clear older people’s SS would not be touched and only younger workers would be transitioned to a different program would have produced an entirely different result.”

And better represent the proposals actually being discussed. But we wouldn’t want the low information liberals to get any deeper into issues than the headlines on “Weekend Update” would we?!!

Phil Lunney

March 4th, 2013
9:10 am

There are next to no Defense ‘program’ cuts being implemented by this Sequester (although it appears that the GOP has a bill to ‘fund’ and give flexibility to Defense which is pending on this issue – if they bring it to a vote, SHOW US THE MONEY in either revenue or closing tax loopholes, remember the GOP set this standard).

Where we are seeing the cuts in Defense and other areas are furloughs to employees. They appear to be 1 day a week which will result in a 20% pay cut now through 9/30. So no Defense programs get hurt, just a minor slow down but the government employees take the hit. And as Jamie Dupree pointed out this morning, Constitutionally the Congress cannot take a hit to their pay, so they are returning from a nice 3 day weekend with no sacrifice at all.

ByteMe - Got ilk?

March 4th, 2013
9:11 am

If by “entitlement reform” we mean freeing up Medicare to negotiate pricing with drug companies and device manufacturers, and putting rules in place that when given a choice between competing products with the same results, Medicare doctors must use the less expensive device… then I’m all for it! Oh, and also reduce the eligibility age to “buy in” to Medicare, to add more healthy people to the system at normal health insurance premium prices.

Oh, you mean by “entitlement reform” that we just screw more people who can’t afford it? Well, then… no.

larry

March 4th, 2013
9:12 am

Reducing their profit margins, however is something they will NEVER accept and you may be sure Boehener and all the others have been given to understand that in the harshest terms possible.

Nope, Boehener doesnt want to suffer the same fate his buddy Newt Gingrich suffered. But i’m afraid its going to happen to him anyway.

Brosephus™ - Mobile and Multitasking

March 4th, 2013
9:12 am

RB & JReb

Just what do you think Ryan’s plan does to SS? If you’re 55 then you’re ok. People in my age bracket are getting f**ked over and nobody gives a sh*t. Well, I say screw that because I’ve been paying into the system for more than twenty years, and if I get hosed, then there had better be enough hose to get everybody.

F. Sinkwich

March 4th, 2013
9:14 am

“…President Barack Obama made one major if understandable miscalculation in the 2011 budget-sequester process.”

O’bozo got played, plain and simple. Pretty funny, actually.

He got his tax increases. Now is the time for cuts. And cuts won’t be traded for tax increases. Period.

Steve

March 4th, 2013
9:14 am

How do lower income “conservatives” justify the income disparity now, where the wealthy are richer than ever? Where the wealthy have tax breaks but we cut programs for everyone else?

Stevie Ray

March 4th, 2013
9:16 am

JohnnyReb

March 4th, 2013
8:59 am

Who wants benefits cut? Who wants the benefits to remain sustainable is really the question. Suggesting cuts is a politically motivated means to describe responsible changes. As mentioned, the ratio of workers to beneficiary was 16:1, now 3:1 and in 2030 estimated at 2:1.

Some argue that these ratio’s are irrelevant but nothing could be farther from the truth.. Pay as you go as opposed to savings or investment system. As the lifespans increase and the number of new workers entering the work force decrease, the ability to finance future benefit obligations is problematic.

Instead of educating the masses of this real issue, the BO/WH/DEMS scare folks into suggesting benefits will be cut per se..

Moderate Line

March 4th, 2013
9:16 am

M

March 4th, 2013
8:36 am
Our smallest military in years is still more than the next 10 or 15 countries combined.
++++++++++
Our current defense spending is 4.7% of GDP. Under Bush defense spending was never over 4.3% of GDP.

Steve

March 4th, 2013
9:17 am

Common Sense is Uncommon

March 4th, 2013
9:17 am

Effects of the sequester: Obama gives 250 million dollars to the Muslim Brotherhood Egyptian government plus another 50 million to the Al Quaeda backed Syrian rebels. Meanwhile he buys 2700 tanks for our Department of Homeland Security for use against American citizens. So far, and this is just the beginning, Using money borrowed from China, Obama has purchased billions of bullets many of which are hollow point which are not suitable for the stated purpose of “target” practice, and has purchased drones and now 2700 armored tanks while demanding we the people be disarmed. All of the above is for use by civilian government agencies, primairily Homeland Security while simultaneously reducing our military budget. Now what could possibly be Obama’s motive in doing this? Remember his campaign statement of wanting a civilian force at least as big and as strong as our armed forces? Looks like that is what he is doing while Congress and the Media fidels.

td

March 4th, 2013
9:18 am

Sequestration is not even a REAL cut. It is a reduction in the anticipated future growth of the budget.

So why are workers getting furloughs since the budget will actually be higher next year then it was this year? Could it be because Obama wants furloughs? Could it be because Obama wants people to suffer for his own political gain?

The CBO just announced that revenues will be at a ALL time high next year.

Bob

March 4th, 2013
9:18 am

Occupation
“Amazing, isn’t it, that Obama’s Republican negotiating partners have simply refused to take “Yes” for an answer from an Obama who has been just bending over backwards to put social programs on the chopping block as part of a “grand bargain”. ”

Thats news, what social programs would be spending less today than they did before after Obama putting them on a chopping block ?

Simple Truths

March 4th, 2013
9:19 am

“in ways that official Washington had not even begun to understand”

This phrase applies to most things, not just defense spending.

Steve

March 4th, 2013
9:19 am

While so many Americans are subsisting on food stamps, losing their homes, and accumulating credit card debt they will never be able to pay off, the US is giving Israel $3 billion in direct foreign aid every year and, according to Congressman James Traficant, another $12-17 billion in indirect aid such as valuable military equipment deemed “scrapped,” loan guarantees, and preferential contracts. Israel is an affluent country with more than 10,000 millionaires and, according to the International Monetary Fund, was one of the few economies that weathered the 2008 financial storm nearly unscathed.

http://thebilzerianreport.com/how-much-does-israel-cost-the-average-american/

Bosch

March 4th, 2013
9:20 am

Hell, the DoD could cut 10 million or so on paper towels and toilet paper. I have a “wait and see” attitude towards this whole thing. When you cut 86 billion out of the economy you are going to see slow growth, unemployment rise, etc., then the GOP will just bitch about that too. This won’t happen immediately, it will take long enough for our ADD citizens to forget these cuts and then still proclaim how Obama is the spendingest POTUS evah!

Nobama

March 4th, 2013
9:21 am

At this point, we’ll take ANY spending cuts we can get as Nobama drives us slowly but surely to bankruptcy. Bite me Jayboy !

Stevie Ray

March 4th, 2013
9:21 am

Brosephus™ – Mobile and Multitasking

March 4th, 2013
9:12 am

We may or may not get screwed. It depends on how the next generation of workers’ successfully offer enough income to finance obligations to you. Something will have to get done. Either the SS tax rate will gradually have to increase, entitlements are consistent with current and projected lifespans, better yet a combination of both.

If our outflows continue to exceed our inflows out upkeep will be our downfall…

Tom Middleton

March 4th, 2013
9:21 am

Now that we’ve gotten the mental-patient Republicans to stop playing with the scissors, what’s next, teach them to love others? Hey, we can only try, Jay, and God knows they need it, but this may take us quite awhile for sure! :)

Madmax

March 4th, 2013
9:24 am

mm – correction 1- Bush & Obama Correction #2 Obama made permanent the largest piece of those revenue reductions. Overlook # 1 President Obama reduced the payroll tax revenues by 1/3 on a program that is trying to stay afloat. So if you want to tirade about Bush, President Obama has made a longer term impact ” in his budget busting tax cut binge”.

Granny Godzilla

March 4th, 2013
9:24 am

Find Muck

March 4th, 2013
8:55 am

The Vent Guy has confirmed that a statement attributed to Churchill pointing out the fundamental differences in the whole lib/con mindset
is in fact accurate.

I definately trust the VG over Granny Sam everyday.
.
.
.
.
silly silly silly

http://www.winstonchurchill.org/learn/speeches/quotations/quotes-falsely-attributed

silly silly silly

wahoo

March 4th, 2013
9:24 am

Brosephus:

Love the name by the way. I have a sense from reading your posts that you and I are about the same age. I think the unfortunate reality is that our generation is going to get hosed one way or the other on the major transfer programs. The unfunded trillions in liabilities associated with these programs mean we either have to reduce benefits in the future or raise revenue to pay for them. There are many ways that either of the above could be accomplished, and they could be done in tandem to keep the programs sustainable. But one way or another, it’s highly unlikely that these programs will look and feel the same for you and I when we reach our golden years as they do/did for our parents today/yesterday. We can’t stay on the path we’re on with the current tax and benefits regimes – the pieces on the chessboard have to change in some way. I’m not happy about this but unfortunately I think it is reality, and the sooner we start improving the equation, the less draconian the future modifications to these programs will need to be.

td

March 4th, 2013
9:24 am

axPayer

March 4th, 2013
9:05 am

Bush’s wars should have been funded with new tax revenues from day one. Given that Republicans refuse to pay for their wars, or anything else, we have no choice but to cut the DoD budget and cut it we will.

Bush’s wars cost the tax payers less then Obama’s payoff to unions and government employees. Paying for health insurance for the people unwilling to pay for it themselves or who make bad choices in life cost more per year then the wars.

stands for decibels

March 4th, 2013
9:25 am

“A question that made it clear older people’s SS would not be touched and only younger workers would be transitioned to a different program would have produced an entirely different result.”

–Paul Ryan’s mom

Stevie Ray

March 4th, 2013
9:25 am

Bosch

March 4th, 2013
9:20 am

So I hear you to be suggesting that simply finding waste and eliminating it isn’t enough to meet this goal of $85 billion? IMO they need to spread across boards if only to include cutting waste already identified by BO previously.

Several of the hysterical tactics employed by BO et al are already proven BS…Department heads know where the waste is..

Deep down we all know that the goal will be accomplished mostly via accounting gimicks similar to much of previous alledged “cuts”..

Mr. Snarky

March 4th, 2013
9:26 am

Another debt owed by the GOP to W and his wars of choice.

Steve

March 4th, 2013
9:26 am

Bosch is right – the Republicans, in about 6 months, will point to the declining economy (caused by this foolish “sequester”) and the Confederate old white men in here will be wailing about how Obozo is wrecking the economy.

fedup

March 4th, 2013
9:26 am

We still have our unregulated militia with their ARs. If war breaks out these brave souls will be in front of the line to protect the country. I like to hear from them.

larry

March 4th, 2013
9:26 am

If our outflows continue to exceed our inflows out upkeep will be our downfall…

Just get rid of the SS cap ……….

And if need be, raise the SS tax rate from 6.6 to 6.8. It hasnt been raised since 1982.

See, it’s simple.

Welcome to the Occupation

March 4th, 2013
9:26 am

JohnnyReb: “This particular moment in time is an abberation to get spending cuts in place since Obama won’t do any cuts.”

I almost think people should be banned from the blog for rank stupidity of this sort.

Do you a single ounce of grey matter operating at all, friend?

Finn McCool (The System isn't Broken; It's Fixed)

March 4th, 2013
9:26 am

To steal a line from Nathan Forrest,
It’s no longer “be there the firstest with the mostest.”

Now it’s “be there firstest with the smartest.”

Moderate Line

March 4th, 2013
9:26 am

Projected spending for defense according to OMB was suppose to shrink to 2.9%. Even with a decrease from the 2011(most recent data) of 4.7% total government spending in 2017 is projected to be 22.2 which is well above the 19.7% under both Bush and Clinton. Defense spending averaged 3.6 in this period.

Total non-defense spending has gone from 16.1 under Bush-Clinton era to a project of 19.3(Projected 2017) accoding to OMB historical tables. That is a 19.8% increase in non-defense spending.

This is a 3.2% of GDP increase in spending projected in 2017 over the average spending of Bush-Clinton era.

stands for decibels

March 4th, 2013
9:27 am

Bosch is right – the Republicans, in about 6 months, will point to the declining economy (caused by this foolish “sequester”) and the Confederate old white men in here will be wailing about how Obozo is wrecking the economy.

Probably somewhat closer to 6 weeks, but otherwise, yep.

Moderate Line

March 4th, 2013
9:28 am

Brosephus™ @9:12, and if I get hosed, then there had better be enough hose to get everybody.

One of your best.

Welcome to the Occupation

March 4th, 2013
9:30 am

JohhnyReb: “This particular moment in time is an abberation to get spending cuts in place since Obama won’t do any cuts”

Have you been under a rock for 2 years?

Your stupidity is mind-numbing. Really.

I know slow-witted resentful types are perfect targets for propaganda, but man you take the cake. Goebbels would have licked his lips at the idea of having a target audience of people like you to work with.

stands for decibels

March 4th, 2013
9:31 am

Obama won’t do any cuts

http://www.whitehouse.gov/blog/2013/02/21/balanced-plan-avert-sequester-and-reduce-deficit

It’s stupid, I’ve told him as much, I will continue to bitch and moan about a “Democratic” president entering the ####ing negotiations by stabbing hiimself like that, but yes. He is offering to make cuts.

Now, I’m no Norman Einsteen and I’m terrible at 11th dimension chess, so maybe I’m just a fool who doesn’t get that it’s always superduper smart to look like a weak man so that the other side makes itself look even stupider, or something. But to me, I think it is what it is–a White House offering to break promises made to Americans, in hopes that the other side won’t counter offer with something too horrible, but at least make a counter-offer.

(And we need that counter offer because… um… well, here’s where I’m real stupid, I can’t figure out why we do.)

Finn McCool (The System isn't Broken; It's Fixed)

March 4th, 2013
9:31 am

That’s right – it’s Obama’s.

boy the Cons have been pounding this home. It’s a 2-way street and lucky for us, most Americans don’t watch Fox News or listen to the HannityLimbaughs of the world.

By the way, has anyone listened to Cain lately? He’s not even remotely the sharpest tool in the shed. He make Boortz sound like a scholar.

Martin the Calvinist

March 4th, 2013
9:32 am

TD, liberals don’t care if revenue received by the federal gov’t is at an all time high, it’s still not enough for them. BTW, TD for the first 3-5 years, the sequestration is a real cut. It’s after year 5 it’s a cut into growth. Look at Jamie Dupree’s blog, (he works for the AJC in case you didn’t know.)

Byte Me, I work in the Medical equipment field, Obamacare took care of that negotiating thing. It’s law now. Insurance is supposed to use the cheapest piece of equipment possible. That is why my company only rents out one bed to home care patients. All the other equipment we used to offer can be purchased, rented cheaper by our competitors.

Jay, for the 1st time in history, we have cut spending! That is an awesome thing! We spend too much, even in our military. What we do need it real tax reform where we eliminate all deductions and lower rates for everyone. I still think we leave the personal deduction alone and add dependents to it (providing there is proof there are dependents) ie the child tax credit. As I said Friday, there is a real difference between a small business owner who generates 2 million in sales and a ball player or CEO that earns 2 million in income. We shouldn’t tax them at the same rate.

Stevie Ray

March 4th, 2013
9:32 am

Why do we need such a monsterous ground force? Under what circumstances do we need more than 230 warships? Just in case? If we were more judicious in the way we employ these assets (allowing others to become world police….I think BO is doing us a favor by policies geared toward more judicious employment), no way we need this much brute force.

The next big “war” will be economical/cyber event. Not anything that will ever require invasion of individual troops.

Cuts need to be made…much deeper than a paltry $85 billion….surprise, our government fails us again.

Keep Up the Good Fight!

March 4th, 2013
9:33 am

I am certain that now that the sequester is in place and that the conned attribute the sequester to Obama, they will readily acknowledge that Obama has addressed tax cuts. :lol: SO now since it seems that Boehner says we have to take turns (”he got his tax increase now its time for cuts”) its time for some more tax increases and closing loopholes.

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j

March 4th, 2013
9:34 am

Making defense cuts would be the smartest move possible. Right now the U.S. spends more on defense than all the other countries in the world COMBINED. AS far as having fewer ships now than in 1915, in 1915 no ships were nuclear powered and could spend a year at sea without being refueled. No ship in 1915 could launch nuclear missels while submerged that could hit all the major cities in the world.
We need a cheaper more effective military force. Military that operates on the cheap and does it right.
Too much pomposity in the military, Generals and Admirals chasing floozies.

Martin the Calvinist

March 4th, 2013
9:34 am

Jay, btw, I feel that Obama is really happy about the defense cuts, along with most liberals. There may be disagreement on where they came from in the defense budget but overall, I believe this is exactly what liberals wanted.

TaxPayer

March 4th, 2013
9:34 am

Bush’s wars cost the tax payers less then Obama’s payoff to unions and government employees.

Hogwash, td.

Steve

March 4th, 2013
9:35 am

Time to close down bases in Europe. Why do we need so many bases on foreign soil that are solid allies?

Brosephus™ - Mobile and Multitasking

March 4th, 2013
9:36 am

Bosch @ 9:20

That’s exactly how it will happen, down to the short term memory.

————

Stevie Ray

The ratio you talk about is the long term repercussions of short term thinking. Imagine how different that ratio would be had our “business” leaders focused on cultivating job growth at home instead of searching for the world’s cheapest labor? Yet hard working middle and lower class people have to pay for the f**k up of people who don’t even pay much into the system at all. Welcome to the Feudal States of America.

———–

Bosch

March 4th, 2013
9:37 am

Stevie Ray,

They are being spread across the board, in every agency. And no I certainly don’t think cuts like this can be fixed with accounting magic. I’m sure each dept head can find waste, but these will also include people losing their jobs.

As to the economy, let’s see if the panacea of all right wingers, the free market, will step up.

weetamoe

March 4th, 2013
9:37 am

Why doesn’t the entitlement chart include political affiliation?
Grassroots republicans=conservatives & TEA party supporters

Martin the Calvinist

March 4th, 2013
9:37 am

Keep up the good fight, you can have all the tax increases your generous heart wants to give to the federal gov’t. I don’t want them! We don’t need them. Real tax reform that cuts rates along with deductions and loopholes to make the code easier for the average American. I can except that. What I can’t except is a tax code that manipulates behavior.

Erwin's cat

March 4th, 2013
9:38 am

Keep – its time for some more tax increases and closing loopholes.

From/for who?…the middle class?
http://money.msn.com/taxes/are-high-earners-getting-the-shaft

Brosephus™ - Mobile and Multitasking

March 4th, 2013
9:38 am

Wahoo

Those liabilities only exist because the people who benefit most from these programs have little to no control over them.

Common Sense is Uncommon

March 4th, 2013
9:38 am

The Congressional Budget Ofice announced the federal government will take in a record amount of taxes for fiscal 2013. In spite of the government having the most revenue in the history of our country the Obamanistas appetite for even more government programs cannot be satisfied. Just as in the commercial, where little girl cries, More, more, we want more” the Obama moochers demand more or other peoples money.

joe

March 4th, 2013
9:40 am

“Obama’s 6 trillion deficit in only 4 years is historic”

Fixed your headline

DannyX

March 4th, 2013
9:41 am

“In spite of the government having the most revenue in the history of our country the Obamanistas appetite for even more government programs cannot be satisfied.”

What new government programs has Obama proposed?

Bob

March 4th, 2013
9:41 am

Mr. Snarky , “Another debt owed by the GOP to W and his wars of choice”
Hey Snarky, what about the debt from the democrat wars of choice ? Did the dem party prepay the costs associated with being in Korea after invading them ? Did the dem party pay back all the money wasted on their war of choice in Vietnam ? Johnson and dems passed the unified budget act to hide the money spent on that war against a country that never attacked us. It was also the dem party that funded the pentagon so heavily that a repub president warned us of the military industrial complex. That was built during a dem lock on congress. It was also the dem party that put our troops in Germany, Japan and any other place that would accept them. For those that want to ignore history you can disagree but money built the pentagon and that money was spent by dems prior to Reagan or Bush.

appleseed

March 4th, 2013
9:42 am

I’m sure SS & Medicare changes are not far into the future.Medicaid cuts need be addressed. All people do not need internet and cell phones.As for the military China will takeover any place we depart.

Stevie Ray

March 4th, 2013
9:42 am

stands for decibels

March 4th, 2013
9:31 am

I’m no nothing about chess levels of achievement but sounds like nobody on this board could hold their own…cool.

As respects the alledged 2.4 trillion in deficit reduction over 10 years, the numbers are horrifically decieving…For example, no small amount are cuts that already occured. Additionally the assumptions about reduced interest expense and healthcare reductions will prove to be bogus…I can back into any number you like by simply adjusting my assumptions.

“It’s important to note that the bulk of these “cuts” have yet to materialize. The Budget Control Act imposed “caps” on discretionary spending that Congress is supposed to comply with in future appropriations bills. The White House’s projections of $2.5 trillion in deficit reduction include budgets through fiscal year 2022, and, of course, it remains to be seen what specific cuts to federal programs those future Congresses will actually make.”

Promises promises..

Donovan

March 4th, 2013
9:44 am

Here’s a novel idea…Democrats agree to make serious cuts in entitlements now that Republicans have made serious cuts in the military through sequestration and caved in on raising the taxes on the 2%.

I would say that we have bent over backwards to put a stop to the Democrat spending and looting of this country. We gave up some sacred cows for compromise.

What do we get in return? Stubborn resistance to voluntary cuts, demands for more taxation, refusal to come up with a Senate budget, and childish dooms-day prognostications by Jay Bookman and his political affiliates.

This sequestration was the brain child of your inept radical president and it backfired. Live with it, sleep with it, and feel the pain. It is truly the only way to force your mouth open to accept the bitter medicine needed to save this country from you looters gone wild.

wahoo

March 4th, 2013
9:44 am

Brosephus:

I respectfully disagree. Those liabilities exist because the programs themselves have created promises of future performance by the Federal. In today’s environment those promises appear incapable of being kept by the Federal. But whether I agree with you or not on why those liabilities exist is irrelevant. They do exist and they must be dealt with. We simply cannot stay on the same path we are on today.

Lee stu

March 4th, 2013
9:44 am

From the Generation that protested the Viet Nam war a nd It’s Draftees We don’t seem to mind war or military spending NOW we ve had two middle east wars and afganistan not a peep from Hanoi Jane except for fashion So I guess all the Protestors have Gone ..Gone to old age everyone

Bosch

March 4th, 2013
9:45 am

Stevie Ray,

I agree with you on why the need for monstrous ground forces, war ships, etc., but those equate to jobs. Reduce those, reduce jobs. In my opinion, you need to re-train, re-think strategy, but that takes time and money. Same with energy, Obama is for that, but since he’s for it, the GOP is against it, and stripping our education system in the process.

stands for decibels

March 4th, 2013
9:45 am

there is a real difference between a small business owner who generates 2 million in sales and a ball player or CEO that earns 2 million in income. We shouldn’t tax them at the same rate.

But we don’t, already. Ballplayer draws a salary; CEO can take his earnings in some stock option flim-flam; the small business owner might only take home 50K/year…

Moderate Line

March 4th, 2013
9:45 am

Moderate Line @9.26
Projected spending for defense according to OMB was suppose to shrink to 2.9%. Even with a decrease from the 2011(most recent data) of 4.7% total government spending in 2017 is projected to be 22.2 which is well above the 19.7% under both Bush and Clinton. Defense spending averaged 3.6 in this period.

Total non-defense spending has gone from 16.1 under Bush-Clinton era to a project of 19.3(Projected 2017) accoding to OMB historical tables. That is a 19.8% increase in non-defense spending.

This is a 3.2% of GDP increase in spending projected in 2017 over the average spending of Bush-Clinton era.

Adding further where does the 3.2% increase come from.
Social Sercurity ave(Bush-Clinton) 4.35 Projected 2017 5.06 Increase of .71% of GDP
Medicare ave(Bush-Clinton) 2.27% Project 2017 3.14% which is a .87% increase of GDP

Of the 3.2% increase 48% of the increase is medicare and social security.
According to OMB 1/3 of the increase in non-defense spending is for net interest. This accounts for 80% of the increase in spending.

DannyX

March 4th, 2013
9:46 am

“This sequestration was the brain child of your inept radical president and it backfired.”

“I got 98% of what I wanted”
-John Boehner

Stevie Ray

March 4th, 2013
9:47 am

DANNY

The failed stimulus is one program. PelosiCare is the one that is absolutely going to bring further, unsustainable obligations…trillions…No real reduction in growing costs will materialize for a variety of reasons…..

jhunt163

March 4th, 2013
9:47 am

“This is a 3.2% of GDP increase in spending projected in 2017 over the average spending of Bush-Clinton era.”

Moderate, I glanced over the CBO’s documents as well and noticed that discretionary spending averaged 5.5 % of GDP through Reagan/Bush/Clinton years and jumped up to 7% during Bush 42. This jump was attributed to 9/11 and creation of the TSA as well as armed conflicts. The current discretionary budget is 9% of GDP directly pointed to the passage of the 2010 stimulus, which created a new baseline for discretionary spending. So the budget has increased from 5.5% to 9% in a period of 12 years.

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MiltonMan

March 4th, 2013
9:48 am

“I’m still ambivalent about the Military cuts. The Military Industrial Complex has bled us dry, but I really would like to see more cuts on oil and Agriculture monies. We could just about balance the budget on those alone, I’m thinking…”

Libs and their awkward understanding of math. Defense spending = 4% of GDP. 4% of any countries GDP does not “bleed us dry.”

DannyX

March 4th, 2013
9:48 am

“The failed stimulus is one program.”

Stevie, answer the question, what new programs has Obama proposed?

St Simons - he-ne-ha

March 4th, 2013
9:49 am

no, this is not what it seems.

I believe the deranged teapotty House is planning a series of
‘Defense-only’ bills with $millions in advertising and free airtime
on Fox and AM radio to gin up the base and try to paint the
prez as weak on defense, a proven manufactured outrage tactic
used by the cons before. Problem is they keep making the same
mistake – its not 1980, or even 1994 anymore.
Its a new century, babeee. Change.

M

March 4th, 2013
9:49 am

“refusal to come up with a Senate budget”

Area man passionately defends what he imagines the Constitution to be.

Brosephus™ - Mobile and Multitasking

March 4th, 2013
9:50 am

Moderate Line @ 9:28

I honestly don’t expect to see a dime of SS or my “defined” pittance err pension when I retire. People in this country have been suckered into entrusting their entire retirement fund with a group of people who’s only concern is them making money. I didn’t have any say in those decisions back then, but I have some now.

MiltonMan

March 4th, 2013
9:50 am

It is a good thing that Obama was able to find $250 Million for his “Arab Spring” brothers in Egypt.

Bosch

March 4th, 2013
9:51 am

Yes, the sequestration was Obamas, and yet we still see people screaming about how he’s the most spendingest POTUS evah! He’s cut spending and still they bitch.

DannyX

March 4th, 2013
9:52 am

The Senate plan in February to replace the sequester with a combination of revenue increases and spending cuts was filibustered.

Has the current House passed their plan?

Jefferson

March 4th, 2013
9:53 am

When the boots hit the furloughs, they(GOP) will cry like they babies they act like.

Stevie Ray

March 4th, 2013
9:53 am

Bosch

March 4th, 2013
9:45 am

I hear you but first, I see no means to re-tool those folks in fashion that will meet existing employment needs…engineering etcetera. I think we can easily find $85 billion in waste the apparent assumption that we can get back on some financial footing without job loss is not reality.

I’m not of the opinion that our education department does anything to impact learning at the student level. I also think comparisons of our education system to other, smaller and less demographically vast countries is absurd. Everyone on who wants to get elected promise better education but none have actually delivered….Seems we should be using different metrics and include a push toward a two tiered approach….one college prep and the other trade/vocational….

MiltonMan

March 4th, 2013
9:53 am

“Yes, the sequestration was Obamas, and yet we still see people screaming about how he’s the most spendingest POTUS evah! He’s cut spending and still they bitch.”

Jay’s opinion piece last week squarely put this on the cons feet. Which one is it?

td

March 4th, 2013
9:53 am

DannyX

March 4th, 2013
9:41 am

“In spite of the government having the most revenue in the history of our country the Obamanistas appetite for even more government programs cannot be satisfied.”

What new government programs has Obama proposed?

Obamacare?
Cap and trade?

Not to mention the add ons to existing programs.
FS spending up
Medicaid spending up

Stevie Ray

March 4th, 2013
9:54 am

DannyX

March 4th, 2013
9:48 am

Define “proposed” so to be certain we avoid falling into a debate on semantics.

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Moderate Line

March 4th, 2013
9:54 am

Brosephus™ – Mobile and Multitasking

March 4th, 2013
9:38 am
Wahoo

Those liabilities only exist because the people who benefit most from these programs have little to no control over them.
+++++
I am not sure I follow you on this one. The people who benefit most are the people who are currently collecting or close to collecting. People 65 and older are 15% of the electorate. And the odd thing is they vote overwhelmingly Republican but yet both parties protect them. If you include the 50 and over they are 44% of the electorate.

Mick

March 4th, 2013
9:55 am

donovan

Looters gone wild? Like maybe the republican looters who put us in this mess with all that reckless spending in the first decade of this milennium. Where the hell were you back then? Were you up in arms about the rubber stamp congress???

Latrina

March 4th, 2013
9:55 am

“…led by John McCain in the Senate…”

It is time for that semi-senile geezer to go away. Who on earth listens to him anymore?

More people are waking up to the fact that the military has been repeatedly misused. VietNam, Iraq, Afghanistan. Our armed forces should only be used to defend America, not to police the rest of the world.

Fred ™

March 4th, 2013
9:56 am

As for the military China will takeover any place we depart.

Thanks for the early morning belly laugh. I can’t wait to see the Chinese soldiers in Berlin or Nuremberg. Walking the streets of Bamberg.

Holy crap, just when I think I’ve seen the rock bottom of stupidity someone digs a deeper hole.

Stevie Ray

March 4th, 2013
9:58 am

DannyX

March 4th, 2013
9:46 am

It seems to me that we’ve gotten to the point that who/whom actually originated this idea is irrelevant. Wasted energy..issue is now how to actually stop our financial bleeding…

Erwin's cat

March 4th, 2013
9:58 am

Who on earth listens to him anymore?

I’d say his constituency

Recon 0311 2533

March 4th, 2013
9:59 am

Obama and his administration is backing away from the dire predictions they were making prior to the sequester because reducing future spending by a mere 2.4% won’t produce the consequences they predicted. Obama’s primary responsibility is national security and he can have the authority to prioritize spending within the DOD to ensure we have a military capability that preserves our defense capability. He can also agree to additional spending cuts and entitlement reforms that would end the sequester. Bottom line this minor cut in future spending won’t cause severe pain or a reduction in our national defense capability unless Obama allows it to happen. Republicans in congress need to keep pressure on the campaigner-n-chief to do the job of an elected president.

Bosch

March 4th, 2013
9:59 am

Stevie Ray,

I agree, but we already do the college prep/ vocational thing, we just strip funding from it all and then complain when it doesn’t work.

Td,

Obamacare isn’t a new program, it’s an adjustment to our already existing one. Cap and trade? Has that passed? The question is, new program, like Medicare Part D, has Obama been behind -something the govt did not pay for before, now does?

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DannyX

March 4th, 2013
10:00 am

“Obamacare is a proposal, td? Maybe you didn’t understand the very simple question, what new spending programs has Obama proposed. Cap and trade has been dead for years.

Common sense @ 9:38- “I In spite of the government having the most revenue in the history of our country the Obamanistas appetite for even more government programs cannot be satisfied. Just as in the commercial, where little girl cries, More, more, we want more” the Obama moochers demand more or other peoples money.”

What are all these new spending programs?

curious

March 4th, 2013
10:01 am

Anyone talking about what happens after the end of September?

What will the funding level be?

barking frog

March 4th, 2013
10:01 am

Historic also is Democratic willingness to cut entitlements, perhaps
even more than the GOP attitude toward defense. When Obama
announced the cut in the increase in food stamps to help fund ACA
I said this is not the Democratic Party that I know. Perhaps the reality
is that both parties are accepting that jobs are not coming back which
is the best solution to our financial problems. You can’t starve the
grandchildren to care for grandma is now the mutual meme.

DannyX

March 4th, 2013
10:02 am

“Thanks for the early morning belly laugh. I can’t wait to see the Chinese soldiers in Berlin or Nuremberg. Walking the streets of Bamberg.”

:-)

Or maybe walking the streets of Japan???

Stevie Ray

March 4th, 2013
10:02 am

Perhaps one thing on the horizon could be the Equalization of Opportunity Act..or perhaps the Anti-Dog Eat Dog Act…seems we are heading in that direction….at least the seeds seem more firmly planted..

stands for decibels

March 4th, 2013
10:03 am

Like maybe the republican looters

Given that republicans are overwhelmingly white, and it’s a well documented fact that white people don’t loot, they “find,” I’m afraid your example isn’t going to work

Moderate Line

March 4th, 2013
10:03 am

Brosephus™ – Mobile and Multitasking

March 4th, 2013
9:50 am
Moderate Line @ 9:28

I honestly don’t expect to see a dime of SS or my “defined” pittance err pension when I retire. People in this country have been suckered into entrusting their entire retirement fund with a group of people who’s only concern is them making money. I didn’t have any say in those decisions back then, but I have some now.
++++
I am not sure I understand the premise on this one either. I don’t think Social Security is in the position it is in because people are only concerned with making money. They are in the position there in because any attempt to fix the programs to ensure the continued into perpetuity is fought tooth and nail.

The reason this system is in danger is benefits were never tied to what people paid. I am not sure how people concerned about making money have anything to do with it.

Fred ™

March 4th, 2013
10:04 am

No kidding DannyX. The troll forgets that the Chinese lack the military power to even take back Taiwan…….. their break away province.

I love how talk radio and fox gets these people all worked up over the most ignorant crap one could think of………

Stevie Ray

March 4th, 2013
10:05 am

Jefferson

March 4th, 2013
9:53 am

Suffice it to say that those who lose those military jobs will result in heated competition for that particular voting group….when should we expect the TV ads to commence?

stands for decibels

March 4th, 2013
10:05 am

I’d say his constituency

…and any heathen at home watching network TeeVee on Sunday morning, I guess.

Stevie Ray

March 4th, 2013
10:08 am

stands for decibels

March 4th, 2013
10:03 am

I’m not sure what “looters” means in this context but it may be helpful to remember that the majority of safety net recipients are white…proportionately measured is there people get hung up..

Does it really matter? We are all pink on the inside eh?

Stevie Ray

March 4th, 2013
10:10 am

Fred ™

March 4th, 2013
10:04 am

I wish our foreign policy was a mirror of China’s. They never blatantly stick their noses under others tents or otherwise attempt to sell their culture. They don’t bully and don’t see a need to be the worlds police force. The island issue is an old wound that will exist for generations as a result from Japan’s warmongering ways of the past..

stands for decibels

March 4th, 2013
10:11 am

I honestly don’t expect to see a dime of SS or my “defined” pittance err pension when I retire

Seriously, Bros–that’s the sort of expression of attitude, while understandable, becomes self-prophecy. The Pete Petersons of this world have been working for decades, cultivating this notion of despair among workers, who become convinced that our nation won’t maintain its obligations in a manner that any self-respecting industrialized country does as a matter of course.

I know that you will fight to see that such a thing doesn’t happen, and I’m not criticizing your *attitude*, but expressing it quite like that in public? not helpful, I don’t think.

stands for decibels

March 4th, 2013
10:12 am

We are all pink on the inside eh?

“And we are tasty when young!”
–J. Swift

curious

March 4th, 2013
10:12 am

Too early to tell if Obama miscalculated. Wait a couple of months.

Drudge

March 4th, 2013
10:14 am

So sequestration aside, you all think we are headed in the right direction under Obama? Or are you still blaming 1/2 of 1/3 of the branches of the federal government for your woes? It’s never your fault – always ours. We would be living in a complete Utopia if it weren’t for conservatives. We would be basking in Detroit, Philly, S Chicago, Oakland type eden.

Tell me honestly – if you can – have any of the 999 problems we have been the fault of Barack Obama? One? Or is this just 999 of the most complex and unfortunate set of coincidences of all time?

Funny, we are wandering blindly down this path, where every important promise is broken, then explained away. Things are getting worse on every level – income, healthcare, savings, debt – and none of you are willing to put down your campaign sign for 10 minutes and prioritize. Wake up. Please. If it seems to good to be true…

wahoo

March 4th, 2013
10:15 am

stands for decibels:

“The Pete Petersons of this world have been working for decades, cultivating this notion of despair among workers, who become convinced that our nation won’t maintain its obligations in a manner that any self-respecting industrialized country does as a matter of course.”

Absent any change in the programs, do you believe the Federal is capable of keeping these promises even if they wanted to?

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Erwin's cat

March 4th, 2013
10:16 am

We are all pink on the inside eh?

I’m a long long way from
New York City now
We’re all naked – if you
turn us inside out
-David Byrne-

Fred ™

March 4th, 2013
10:17 am

I wish our foreign policy was a mirror of China’s. They never blatantly stick their noses under others tents or otherwise attempt to sell their culture. They don’t bully and don’t see a need to be the worlds police force. The island issue is an old wound that will exist for generations as a result from Japan’s warmongering ways of the past..

Wow. You don’t know much history do you? Ever hear of KOREA? And if you get time try googling Senkaku islands. Or maybe research the area of Siberia where it borders China.

Thanks though for my SECOND belly laugh of the day. This is turning out to be better than the comedy channel.

Seriously Folks

March 4th, 2013
10:18 am

@Martin the Calvanist

Wow..I have read your posts and really trying to follow your logic…So you admit that “we shouldnt tax small businesses with 2million in sales the same as CEO’s/athletes (hmmm..why athletes, i wonder)” yet you spout off about needing a simpler tax code…

You do realize there are NO high priced lobbyists in Washington advocating for everyday people, right? You do realize the tax code, that as written, stands almost 3 feet tall, was not written for you and I or any of those “47% that don’t pay any taxes”???

Sorry, but no matter how you try to “assign” blame to our financial mess, there is blood on the hands of both parties. And this mess, for those with short-term memories, occurred when we allowed “banks” to operate like casinos and we all got f**ked!!!!!!!!!!! Not because of some “scary black man” in the White House…not because of some previous President…Nope. Because we continue to let the foxes guard the henhouse!!!

So no matter how fashionable it is to blame one party over the other, trust me when I say that there are billionaire bankers laughing their butts off that we are on here arguing who is to blame….

Just remember, “Pay no attention to the Man behind the curtain!”….Wizard of Oz!!!!!

0311/8541/5811/1811/1801

March 4th, 2013
10:18 am

JAY:

As usual you forgot to include that the Pentagon has not been audited in YEARS and that the next audit is not even planned until 2017.

There is so much waste, fraud and abuse (and just plain FAT) in Defense Department funding that we should probably be cutting it more not less.

Geez !

Headline (CNN): “Pentagon says it’s moving toward being ‘audit-ready’ … ”

http://articles.cnn.com/2011-02-25/politics/defense.department.audit_1_dod-annual-audits-government-accountability-office?_s=PM:POLITICS

Headline (New York Times): “Audit of Pentagon Spending Finds $70 Billion in Waste – NYTimes.com

http://www.nytimes.com/2011/03/30/business/30military.html?_r=0

appleseed

March 4th, 2013
10:18 am

Hey Dumb ass Fred Im speaking of enemies not allies.Find Wilma and crawl back under your mushroom cloud.

barking frog

March 4th, 2013
10:20 am

When he was young my Father said he would not collect
his Social Security but he did for 20 years. When I was
young I said I would never collect my Social Security but
my check is regular as clockwork. I guess you can depend
on the US government to keep its word.

[...] Delays – The …Huffington PostThe New Normal (The Note)ABC News (blog)USA TODAY -Atlanta Journal Constitution (blog) -Los Angeles Timesall 258 news [...]

Thomas heyward Jr

March 4th, 2013
10:22 am

Wedding and First responder drone strikes will continue………………..until Moral improves.
.
lol

Thomas heyward Jr

March 4th, 2013
10:22 am

F. Sinkwich

March 4th, 2013
10:23 am

Here’s a poll for ya:

“Rasmussen Reports survey of 1,000 likely voters reveals that more than four-of-ten Americans (41%) believe the average media reporter (and most of them are average) is more liberal than they are. Those voters who believe reporters are more conservative than they totals 18%…”

Dog bites man! Plane lands safely! Etc.

stands for decibels

March 4th, 2013
10:24 am

Absent any change in the programs, do you believe the Federal [sic] is capable of keeping these promises even if they wanted to?

What kind of a weird question is that?

Obviously changes in funding and spending have to be made to programs year in, year out. And they are, generally.

That’s nothing to do with fulfilling a promise to maintain old-age pension and medical benefits to American citizens. If as part of the program modifications, you find a more efficient way to train and employ doctors (say) or negotiate better prices for pharmaceuticals, you do that. If you do, as we did in the 80s, take the unprecedented step and tell workers “you’ve got a massive demographic bulge retiring in about thirty years, so we’re going to actually bank some of the revenue into a trust fund to be spent later,” you legislate that. all that’s ok, I guess.

and if you decide going forward that the cap on incomes has to rise so yes, you’re collecting more from wealthier Americans (I’d propose a doughnut hole, actually, leaving [say] the income between 110K-200K alone and then gradually taking a bigger bite out of incomes above that–or at least I’d run some numbers through some models to see where that got us), maybe you do that.

If you’re trying to get me to say “well yeah, we should at least recalculate the way we index inflation so that those horrible Olds don’t get as much down the road,” sorry, I won’t say that, because it’s effed up and bullsh-t.

Does that answer your question?

They call me MISTER JamVet.

March 4th, 2013
10:24 am

Defense spending = 4% of GDP.

Why in the world would you use that figure as the important one?

Military spending takes up about 20% of our annul budget.

Close to one billion, three hundred million dollars per year…

Jefferson

March 4th, 2013
10:25 am

The success of SS is that private companies can’t steal the money like they do with medicare. Follow the money, you will find the theif.

appleseed

March 4th, 2013
10:25 am

Smoking gun in a mushroom cloud there is you sign.Now that is intelligent.But sure as h not funny,I suppose that you and only you could get a belly laugh out of your silly azz comments.

stands for decibels

March 4th, 2013
10:27 am

the 999 problems we have

Is that like the 57 known communists in the State Department?

Fred ™

March 4th, 2013
10:29 am

<i.Hey Dumb ass Fred Im speaking of enemies not allies.Find Wilma and crawl back under your mushroom cloud.

My My such an emotional outburst from the troll. So you are saying that the Chinese are going to be in Iraq and Afghanistan? Really? That’s an even funnier notion. How are they going to get there? Is Scotty going to beam them there? Or are they going to invade Pakistan first?

Keep the funnies coming son. I love laughing at the dumb stuff the far right wing fanatics buy from their puppet masters.

td

March 4th, 2013
10:32 am

They call me MISTER JamVet.

March 4th, 2013
10:24 am

Defense spending = 4% of GDP.

Why in the world would you use that figure as the important one?

Military spending takes up about 20% of our annul budget.

Close to one billion, three hundred million dollars per year…

I think your number are a little low Jam.

Now the number one job, under our Constitution, for the Federal government is the defense of the nation and we only spend one in five dollars sent to Washington for its highest priority. Seems like our priorities are a little skewed.

Fred ™

March 4th, 2013
10:32 am

LOL I think the troll has me confused with Kam…………….

0311/8541/5811/1811/1801

March 4th, 2013
10:32 am

Bottom line and then I am out for the day:

Until I see a complete, accurate and specific audit of our Defense Budget …………. CUT !

Everyone be nice.

Fred ™

March 4th, 2013
10:34 am

Military spending takes up about 20% of our annul budget.

Close to one billion, three hundred million dollars per year…

I think you are about 679 BILLION off on that military number Jam lol (as of 2009).

F. Sinkwich

March 4th, 2013
10:35 am

O’bozo gave Iraq to Iran and is in the process of doing the same with Afghanistan.

appleseed

March 4th, 2013
10:36 am

Although the U.S. government has spent more than $940 billion on the conflict in Afghanistan since 2001, a treasure trove of mineral deposits, including vast quantities of industrial metals such as lithium, gold, cobalt, copper and iron, are likely to wind up going to Russia and China instead of American firms.

Erwin's cat

March 4th, 2013
10:38 am

the 999 problems we have

I’ve heard only good things about the 999 8)
http://www.999motorsports.com/

jms

March 4th, 2013
10:39 am

If people were able to wrap their minds around the size of the debt they’d realize that this is just the start. It’s going to take a whole lot less spending coupled with tax increases to pay our bills.

DannyX

March 4th, 2013
10:39 am

“O’bozo gave Iraq to Iran and is in the process of doing the same with Afghanistan.”

Wow, cons truly have blocked George W Bush from their memories! Must have been very traumatic thing to go through.

williebkind

March 4th, 2013
10:41 am

stands for decibels

March 4th, 2013
8:54 am
Do you believe people who did not pay into ss should receive a social security check. Oh my back hurts! Give me SSI! My child needs glasses I need a SSI check. Oh I need a quadruple bypass and SSI after the free surgery. Is this what you want?

Fred ™

March 4th, 2013
10:42 am

Although the U.S. government has spent more than $940 billion on the conflict in Afghanistan since 2001, a treasure trove of mineral deposits, including vast quantities of industrial metals such as lithium, gold, cobalt, copper and iron, are likely to wind up going to Russia and China instead of American firms.

It’s a good thing President Bush got us over there and then let Bin Laden slip away fro Bora Bora isn’t it?

DannyX

March 4th, 2013
10:42 am

“the 999 problems we have”

Herman has a plan for that.

appleseed

March 4th, 2013
10:43 am

NEW YORK (TheStreet) — Chinese national oil companies are now the biggest beneficiary of Iraq’s oil resources, beating the oil majors, according to analysts.

F. Sinkwich

March 4th, 2013
10:44 am

Bush!

No, not him, O’bozo.

They call me MISTER JamVet.

March 4th, 2013
10:44 am

Now the number one job, under our Constitution, for the Federal government is the defense of the nation…

Incorrect. They are not listed in order of importance. And as proof, I suggest that you read Article I, Section 8, Clause 1 of the United States Constitution a little closer. (And by way of a rhetorical question, why do you permanent war types always leave out the general welfare part of that clause?)

Seems like our priorities are a little skewed.

Personally, I would add the letter y to the beginning of that pronoun!

Disgusted

March 4th, 2013
10:46 am

So I have a cousin who’s a full-time teacher. He owns a 300-acre farm where he raises beef cattle on the side. So I’m scrolling through the Internet tubes and lo and behold, I find that my cousin has been getting $9,800 per year in federal agricultural subsidies for the past several years.

In fact, I find that in the little county where I grew up the federal government pays $6.5 million annually in agricultural subsidies. And that’s just one county among thousands in this country.

As the Godfather asks, “How did we get to this point?” Why is it that we’re nibbling around the edges, cutting kids’ and seniors’ meals, thinking about whacking Head Start, griping about cuts in the defense budget, while doing nothing about the horrendous expense of paying part-time farmers to maintain their hobbies?

If you want a target for doing some whacking of spending, I just gave you one.

USC-69

March 4th, 2013
10:46 am

No big surprise. I think most of us knew that the Republicans yelling about a STRONG DEFENSE was just a cover for funneling some extra to their defense contractor supporters. Most of the current crop avoided the draft and have little respect for active duty service members. In actuality, when push comes to shove, they are really only interested in their own stash. It should be clear to most by now that the corporations have won the money battle long ago, using political purchases as needed to assure voting support. The real anti-tax sentiment, and those who have the most to lose, are the corporate staff, stock holders, and board members. Too much spending? Obviously not if we have to start mugging the elderly, the disabled, and children, grabbing a few dollars out of their hands when there are trillions sitting idle in corporate accounts. We made these corporations and it is time for them to support the system equitably.

wahoo

March 4th, 2013
10:48 am

stands for decibels:

Forgive me. I am all for minor tweaks here and there to improve efficiency and help manage cost. I should have been more specific and said “major change” as opposed to simply “any” change. As it stands now, I would contend that absent major changes to benefits and/or funding mechanisms for these programs, they (specifically Medicare) cannot fulfill the promises we’ve made to our future seniors. Bear in mind that current US Treasury debt already represents more than 50% of the total global outstandings for AAA rated sovereign debt. I am skeptical that the global capital markets are able to swallow the amount of US debt necessary to finance the future expenditures. Even if we could finance it, I am even more skeptical it could be at rates approaching what we enjoy today. I am, unfortunately, inexorably led to conclude that benefits must decrease (promises broken) and revenue must increase (taxes up), in some form or fashion. The question I posed was more to get at the crux of that matter.

Union

March 4th, 2013
10:48 am

talking about this at work.. the attitude seems to be.. “it doesnt affect me, so why should i care”

this is something obama himself has caused.. the attitude of people is move shattered than it seems to have ever been. when obama stands before the people and talks about how the taxes on the “rich” will help everyone.. then reaching into everyones pockets..

funny thing.. since the sky has not fallen as obama said it would.. more and more people are saying that these cuts are more on future spending than current spending… much like a decrease on an increase..

Progressive, Liberal, Lefty

March 4th, 2013
10:49 am

The teabags have got ‘em by the balls. Actually, they have the whole country by the balls. As long as they keep getting elected in severely stupid districts, this is our life.

wowzer

March 4th, 2013
10:50 am

td– Bush’s wars cost the tax payers less then Obama’s payoff to unions and government employees. Paying for health insurance for the people unwilling to pay for it themselves or who make bad choices in life cost more per year then the wars.

What an idiotic statement!

This misinformed thinking is the majority of the problem causing republicans to act stupidily.
First, the assertment is wrong. More importantly, the cost of lives of our couragous service men and women is a price we did not need to pay. The ongoing costs of medical and mental care to those wounded in action is also a driver to the cost of the economy the obama haters fail to accept.

stands for decibels

March 4th, 2013
10:51 am

Do you believe people who did not pay into ss should receive a social security check. Oh my back hurts! Give me SSI! My child needs glasses I need a SSI check. Oh I need a quadruple bypass and SSI after the free surgery. Is this what you want?

I want to discuss this rationally with people who understand actual issues involved.

And that’s about the nicest way I can reply to your incredibly stupid post.

Keep Up the Good Fight!

March 4th, 2013
10:52 am

Do you believe people who did not pay into ss should receive a social security check. Oh my back hurts! Give me SSI! My child needs glasses I need a SSI check. Oh I need a quadruple bypass and SSI after the free surgery. Is this what you want?

My father died, I got a SS benefits check. — Paul Ryan

They call me MISTER JamVet.

March 4th, 2013
10:52 am

No, Fred, you are correct sir! I misread the non discretionary defense spending as part of the defense budget. The actual number was $744 million in 2011. Which accounts for somewhere between 18 and 20% of the annual budget.

This of course does NOT include the shadow expenditures, etc which are never released for “national security” reasons…

Jefferson

March 4th, 2013
10:54 am

F. Shintkwich is full

Get Real

March 4th, 2013
10:55 am

Still waiting on the Democrats to swallow anything other than more spending

stands for decibels

March 4th, 2013
10:55 am

I am skeptical that the global capital markets are able to swallow the amount of US debt necessary to finance the future expenditures. Even if we could finance it, I am even more skeptical it could be at rates approaching what we enjoy today.

Those are fair points. I lean toward seeing what we can do, in terms of (to put it VERY simply) spending more for stuff we need to get more people to work for higher pay, and seeing what actually happens to interest rates, rather than being afraid of what might happen to them.

I think a lot of these future issues that people do justifiably fret about become less of a problem if you get more people to work. That’s what we should be focused on now.

Brosephus™

March 4th, 2013
10:57 am

TD, liberals don’t care if revenue received by the federal gov’t is at an all time high, it’s still not enough for them.

Conservatives don’t care either as they still vote and pass appropriation bills that call for spending that far exceeds the revenues. One also has to consider that population increases aid that revenue increase, and that also contributes to the increase in spending.

————–

wahoo

Those liabilities exist because the programs themselves have created promises of future performance by the Federal.

And, if we had the continuous job growth at HOME, there wouldn’t be any issues. The private sector shares responsibility in the growth and sustainability of this country just as much as the government does. Unless you’re going to advocate that the government controls private sector hiring, things can not be placed solely on the shoulders of the government. It takes two to tango.

They call me MISTER JamVet.

March 4th, 2013
10:57 am

Well, as I have fat finger syndrome this morning, just look at the pretty picture and you’ll see what I mean!

http://tinyurl.com/bum9r4x

williebkind

March 4th, 2013
10:58 am

“As long as they keep getting elected in severely stupid districts, this is our life.”

Just like the liberals on the north east and west coast and the so called northern states. I agree they are morons.

Atlas Shrugging

March 4th, 2013
10:59 am

I hate this sequestration, I have to get up an hour early just to put on my Obozo the sky is falling protective headgear and body armor.

Fred ™

March 4th, 2013
10:59 am

I have to say, I’m not seeing a difference with this sequestration going on. The sky looks as high today as it did on Thursday so if it’s falling I don’t see it. I say we cut even deeper and look into closing those tax loop holes and corporate welfare.

The US leads the World in billionaires and they sure as hell aren’t creating any jobs over here so screw them. They are getting richer while our Country is getting poorer. Of course Warren Buffet lost some cash as did Zuckermen, but Zuckerman scammed his IPO anyway……….

http://www.ajc.com/ap/ap/financial-services/forbes-slim-worlds-richest-for-4th-year-in-a-row/nWgJM/

[...] GOP Delays – The …Huffington PostThe New Normal (The Note)ABC News (blog)Blue MauMau -Atlanta Journal Constitution (blog) -CNN Internationalall 258 news [...]

williebkind

March 4th, 2013
11:00 am

“One also has to consider that population increases”
You mean the illegal immigrants you want to make citizens and release from jail?

Fred ™

March 4th, 2013
11:02 am

Just like the liberals on the north east and west coast and the so called northern states. I agree they are morons.

You gotta admit willieb, stupid politicians isn’t exclusive to either party. For every Maxine Waters you have a Paul Broun………… For every John McCain you have a Harry Reid……….

I’m trying to think who to compare to Nancy Pelosi lol…………

Brosephus™

March 4th, 2013
11:03 am

Moderate Line @ 10:03

I mean that the common everyday person who has to depend on Social Security and such have no say in forming, writing, passing, or signing legislation into law that affects SS. I think that currently half of the jackass brigade in DC are millionaires or at least worth a million if I remember correctly. Do you think they “need” SS to the same magnitude that Uncle Tony living on $1000 a month does?

That’s what I meant. Most of the decisions being made in DC are made by people who don’t have to rely on the implications of their decisions. We basically have allowed ourselves to be placed in a defacto caste system where the ruling class doesn’t have to suffer based on what they do.

wahoo

March 4th, 2013
11:04 am

Stands:

What I sense you are expressing, and I don’t completely disagree, is that we have a short term problem of getting people back to work. However, we also have a long term problem related to the transfer programs. The dollars involved with the long term problem are so large that even the short term improvements of getting people back to work isn’t going to solve it, sadly. This is why I would want to get the deficit down today, so that the debt capacity is there in the future, as I mentioned to you last week. But putting people back to work needs to be done intelligently, with stimulus that is deficit neutral or deficit reducing. I am not in favor of borrowing large sums to put people back to work in light of the future problems we know are coming. Let me know if I’ve mis-read your position.

[...] GOP Delays – The …Huffington PostThe New Normal (The Note)ABC News (blog)Blue MauMau -Atlanta Journal Constitution (blog) -CNN Internationalall 258 news [...]

They call me MISTER JamVet.

March 4th, 2013
11:05 am

I’m trying to think who to compare to Nancy Pelosi lol…………

Mitch McConnell?

TBone

March 4th, 2013
11:07 am

It’s good to see that you blue nose progressives have graduated from blame it on Bush to blame it all on republicans, very grown up of you.

Union

March 4th, 2013
11:08 am

mr. jamvet.. not even close.. they dont call her princess pelosi for nothing out in california

Kamchak ~ Thug from the Steppes

March 4th, 2013
11:09 am

Or are you still blaming 1/2 of 1/3 of the branches of the federal government for your woes?

SCOTUS Chief Justice John Roberts says, “What?”

stands for decibels

March 4th, 2013
11:09 am

Let me know if I’ve mis-read your position.

nope, you’ve read me right.

Fred ™

March 4th, 2013
11:10 am

LOL Jamvet, that will work.

Here’s your reward. I don’t care for him all that much but you like him:

http://www.youtube.com/watch?v=WE9W6XxXkiQ

They call me MISTER JamVet.

March 4th, 2013
11:10 am

Union, the Fannie Mae and Freddie Mac loving McConnell both looks like her and is equally incompetent and spineless, wouldn’t you say?

Brosephus™

March 4th, 2013
11:11 am

Moderate

That last response was for your 9:54 post. Got my times screwed up.

@ 10:03
I don’t think Social Security is in the position it is in because people are only concerned with making money.

I was on my phone so typing was a beeyatch. I was referring to the 401k as opposed to a defined pension. Years ago, people retired and had an idea of what they would have as far as retirement income. Now, the only thing that’s somewhat known is Social Security. Having to base your retirement on your 401k is a gamble that we’re losing, regardless to how much you have in your account.

Over the course of your lifetime, you only get 20% of what YOUR money earns while the financial industry pockets 80% without risking a single penny of their money. That’s what I was referring to about turning your retirement over to people who’s only concern is making money for themselves.

This country has gone from being one that took care of their own to being one that’s “every man, woman, and child for themselves”. How can a country who’s GDP exceeds $15 Trillion claim they can’t afford to take care of their own elderly? What kind of sense does that make, especially considering how many love to trot out the misguided information that this is a Christian society. Christ didn’t dump the poor out in the backyard to fend for themselves.

[...] Delays – The …Huffington PostThe New Normal (The Note)ABC News (blog)Blue MauMau -Atlanta Journal Constitution (blog) -CNN Internationalall 258 news [...]

wahoo

March 4th, 2013
11:12 am

Brosephus: And, if we had the continuous job growth at HOME, there wouldn’t be any issues. The private sector shares responsibility in the growth and sustainability of this country just as much as the government does.

Even if the great recession had never happened, we would still have trillions in unfunded liabilities associated with the transfer programs. It is not simply job growth, although it would undboutedly help. I would not advocate government control of the private sector, and I would not be in favor of the private sector shirking what I see as its shared responsibility for national prosperity. However, in my view, it is the responsibility of the Federal to maintain sustainable programs. Just because it takes two to tango, in my view it does not follow that the private sector must cash whatever check the Federal may write. IMHO, some of the transfer programs are now known to be unsustainable as forecast by the CBO. The Federal created them and the Federal needs to take the lead to revise them.

Citizen of the World

March 4th, 2013
11:14 am

We’ve been talking peace but waging war or preparing to wage war for 150 years in this country — I hope this is a sign that we’re finally going to put our money where our mouth is. Peace and love.

They call me MISTER JamVet.

March 4th, 2013
11:15 am

Fred, linking Fogelberg! You are the best…

Union

March 4th, 2013
11:16 am

mr jamvet.. http://media.salon.com/2012/11/obama-fiscal-cliff.jpeg1-1280×960.jpg

look at your own risk.. not responsible for eye, brain or otherwise any other self induced trauma that may occur from viewing that picture..

(btw.. who would have thought george hamilton could have gotten so far in politics)

Latrina

March 4th, 2013
11:16 am

“…have graduated from blame it on Bush to blame it all on republicans…”

The reality is that The Decider and his rubberstamp Congress ARE largely to blame for the mess the government is in. Until the Republicans acknowledge the mistakes and stop trying to shift the blame to the current President they’ll remain the minority party.

Scooter

March 4th, 2013
11:17 am

Now if we can just stop believing that government has the exclusive ability to give people something at no cost.

Brosephus™

March 4th, 2013
11:18 am

dB @ 10:11
I know that you will fight to see that such a thing doesn’t happen, and I’m not criticizing your *attitude*, but expressing it quite like that in public? not helpful, I don’t think.

I just see it as being honest. Pardon the expression, but these greedy old f**kers don’t give a sh*t about their kids, grands, or great-grands. It’s everybody for themselves, and I’m sick and tired of that attitude.

williebkind

March 4th, 2013
11:20 am

” Until the Republicans acknowledge the mistakes and stop trying to shift the blame to the current President they’ll remain the minority party.”

Now that is an uninformed person.

williebkind

March 4th, 2013
11:23 am

How do we deal with congress who helps their districts but creates huge debts for the American people?

GT

March 4th, 2013
11:24 am

I love how the stock markets are fine during this sequester but the employment is predicted to lose 700,000 jobs. We need a grass root economy, not one too big to fail, but one that is competitive. If business is not that labor intensive it should be smaller and more citizens should be able to participate, one or the other. The bar should be lower like junk bonds if the cost is cheaper to get in.

Brosephus™

March 4th, 2013
11:24 am

wahoo: Even if the great recession had never happened, we would still have trillions in unfunded liabilities associated with the transfer programs. It is not simply job growth, although it would undboutedly help.

Do you think these trillions just popped up since 2007? We have been screwing ourselves since the 1970s. These problems didn’t just pop up overnight, and they are not going to disappear in 5-10 years. You’re talking about the deluxe sh*t sandwich combo that has been in the making for 40 years. It’s going to take us that long, if not longer to unscrew everything.

The Boy Scouts taught me that, when you’re lost, the easiest way to find your way out of that mess is to backtrack. The way I see it, we have about 30-40 years worth of economic and employment policy screw ups that we need to backtrack. Unfortunately, some of the stuff won’t be able to get corrected in that manner, but the continued effin up that DC’s doing isn’t helping our problems at all.

However, in my view, it is the responsibility of the Federal to maintain sustainable programs.

Why do you think we’ve had trillion dollar deficits for the past few years? The private sector is sitting on trillions of dollars with no incentive to spend a friggin’ dime. Uncle Sam is the consumption driver of last resort, and we don’t have any other option to keep the economy from nosediving other than to have Uncle Sam spend like there’s no tomorrow.

They call me MISTER JamVet.

March 4th, 2013
11:25 am

Union, here is my recommendation for those three and their 532 other comrades.

Effective immediately, pay them the minimum wage. (Not sure if they are even worth that, but I’m a compassionate conservative, LOL!)

Rescind their gold plated health insurance plan and make them spend hundreds or thousands of dollars a month for “coverage” that still includes gargantuan co-pays, deductibles and other out of pocket costs.

Put them on 90 day probation at which time their performance is reviewed (by plumbers, LOL!) to see if they have done anything to warrant them retaining their jobs.

It would be a good start…

Until the Republicans acknowledge the mistakes and stop trying to shift the blame to the current President they’ll remain the minority party.

Or face losing three out of every four national elections going forward as they have since 2006…

Union

March 4th, 2013
11:26 am

gt.. even president obama buddy mr buffett stated the economic impact was greatly overstated by the wh

Bosch

March 4th, 2013
11:26 am

Stands@ 10:24, totally agree. We’ve known for years that the Baby Boomers were going to retire and have been making adjustments for decades, and SS is stil the most efficiently retirement program around. I remember my dad saying he’d never see a dime of his SS and people ranting about the economic apocalypse of their children and grandchildren when Reagan expanded the government.

Guess what? We still remain the biggest economic generator on Earth, and will continue to do so. I don’t know if you notice, but everyone talks about cuts and spending over TIME. It’s because we just don’t know what our exponentially exploding world will be like 10 years from now. Hell, if you’d have told me 20 years ago, this Internet thing would catch on, I’d have said, meh, we will see.

MiltonMan

March 4th, 2013
11:27 am

“The teabags have got ‘em by the balls. Actually, they have the whole country by the balls. As long as they keep getting elected in severely stupid districts, this is our life.”

North Fulton = anything but stupid. You want stupid districts look no further than Atlanta, DeKalb, Clayton – not a coincidence that these truly dsyfunctional districts have dems elected at every level.

Brosephus™

March 4th, 2013
11:28 am

I love how the stock markets are fine during this sequester but the employment is predicted to lose 700,000 jobs.

The stock market has no bearing on our economy. Stocks do fine because companies are global and don’t depend on us as their main customer base anymore.

As to losing jobs, those predictions are based upon the downward economic cycle. As people have less money to spend, demand decreases. As demand decreases, people lose jobs meaning even less money is being spent. That further dampens demand and you keep feeding that downward spiral.

GT

March 4th, 2013
11:28 am

The wind is changing in Georgia. I think there is opportunity for a Democrat to be elected. People are seeing the clog in Congress and the other southern states reacting to it in a more moderate way, while our feet are held to the fire by this one party system.

RB from Gwinnett

March 4th, 2013
11:29 am

Bro, “Just what do you think Ryan’s plan does to SS? If you’re 55 then you’re ok. People in my age bracket are getting f**ked over and nobody gives a sh*t. Well, I say screw that because I’ve been paying into the system for more than twenty years, and if I get hosed, then there had better be enough hose to get everybody.”

So, when it’s convenient for Bro, “we’re all in this together”, but when it actually affects Bro it’s “I want mine and screw everybody else”. Typical liberal.

Bosch

March 4th, 2013
11:30 am

And stands, I also agree that all instability is related to jobs. It doesn’t matter if it’s private or public, a job is a job, it’s what keeps us afloat, and less jobs, and less income is the core issue regarding all economic instability – its the income disparity stupid!

jms

March 4th, 2013
11:30 am

“My belief is that as this pain starts to gradually spread to communities affected by military spending, to children who need mental-health services, to people who care about our border security,” Republicans will agree to a bipartisan compromise that includes more tax increases, White House economic adviser Gene Sperling said in an interview on ABC.”

Republicans allowing defense spending cuts and Democrats pushing to maintain defense spending levels. The world has turned upsidedown.

Brosephus™

March 4th, 2013
11:31 am

North Fulton = anything but stupid. You want stupid districts look no further than Atlanta, DeKalb, Clayton – not a coincidence that these truly dsyfunctional districts have dems elected at every level.

Rep. Paul Broun says What!!??

They call me MISTER JamVet.

March 4th, 2013
11:32 am

The teabags have got ‘em by the balls.

I think not.

The astro-turfed movement was certainly responsible for several recent Democratic victories, and the Rove wing will not play nice with the TPers anymore. He and the GOP power brokers are going to try and effectively emasculate them. There will be some fatalities along the way, on both sides, but the TP’s salad days are likely behind them…

Jm

March 4th, 2013
11:32 am

“Total cost of wars since 2001:

$1,429,000,000,000+

think about that for a minute.”

Total cost of Social Security since 2001: $6,600,327,000,000
Total cost of Medicare since 2001: $3,996,187,000,000
Total cost of other income subsidies and security including Medicaid since 2001: $4,808,387,000,000

Think about that for a minute. Or two.

And then quit whining about the cost of the wars.

They call me MISTER JamVet.

March 4th, 2013
11:34 am

jms,

The Dems are the new militarists and the GOP have become the cut and runners…

Crazy huh?

DannyX

March 4th, 2013
11:35 am

“And then quit whining about the cost of the wars.”

What is the funding source of those 2 wars?

Keep Up the Good Fight!

March 4th, 2013
11:37 am

The cost of the 2 wars since 2001 is more like $4 trillion and rising. http://costsofwar.org/

Jm

March 4th, 2013
11:37 am

“What is the funding source of those 2 wars?”

The same as the funding source for Medicaid and all the other welfare benefits.

Fred ™

March 4th, 2013
11:38 am

Now if we can just stop believing that government has the exclusive ability to give people something at no cost.

Only you talk radio FOXBOTS think that. The rest of us sane folks know there is no frree lunch.

They call me MISTER JamVet.

March 4th, 2013
11:38 am

Total cost of wars since 2001:

$1,429,000,000,000+

Where did you get that figure, jm?

I believe it is a creative accounting figure used by the Pentagon and others that is way off…

I suspect that the real final cost will be triple that…

GT

March 4th, 2013
11:39 am

Brosephus™ the huge job loss is predicted by the government as a result of this sequester. My thoughts continue to be on the theme of the right. Cut back expenditures and the economy will cure itself. They call it austerity in some corners. My point is the only ones benefiting from the austerity is the stock exchange. The playing field is unlevel for entry players as it is, now we have strengthened a system that at best is dysfunctional. Very similar to our oil efforts, we sacrifice our usage of fuel and what we don’t used is ship out to foreign countries like China that quickly lap it up, so that we are suckers. The local Texas oilman takes home the money mailed to his mailbox, no real added employment in the states and China adds all the new jobs. Tell me where I am wrong.

Kamchak ~ Thug from the Steppes

March 4th, 2013
11:39 am

And then quit whining about the cost of the wars.

Yeah, ’cause spending money to care for the citizens of this country IS EXACTLY LIKE spending money to kill people overseas.

:roll: :roll: :roll:

barking frog†

March 4th, 2013
11:39 am

Republicans allowing defense spending cuts and Democrats pushing to maintain defense spending levels. The world has turned upsidedown.
………………………………………………………………………………..
My work is nearly done…

godless heathen - owner of many things he does not need

March 4th, 2013
11:45 am

Meanwhile, the White House has cut overtime pay for the janitors. Aside from wondering why janitors are working overtime hours, I’m glad the pain of the sequester is being felt in the right place. (That was sarcasm.)

Jm

March 4th, 2013
11:47 am

Jamvet 11:38

some liberal posted it on page 1. take it up with him.

RB from Gwinnett

March 4th, 2013
11:48 am

“Only you talk radio FOXBOTS think that. The rest of us sane folks know there is no frree lunch.”

I’m calling BS on that one. The primary talking point for Democrats for a few election cycles has been “vote for us and we’ll make all the evil rich people pay for everything”. You can kid yourself that the 47% don’t know they’re not paying and would gladly pay their “fair share”, but you’re not kidding anybody else.

Fred ™

March 4th, 2013
11:48 am

And then quit whining about the cost of the wars.
Social Security, Welfare, Medicare, and Medicaid help Americans you silly little boy. Wars in Afghanistan and Iraq don’t.

Why do you hate America and Americans so much?

Keep Up the Good Fight!

March 4th, 2013
11:50 am

Well I am sure that now that Jm has been given a more accurate number of the costs of the wars in the $4T range, he will be honest and admit that the unsourced number he used was wrong and therefore his claim was wrong and needs reassessment. Wait for it…..wait…..wait….

Jm

March 4th, 2013
11:51 am

“Social Security, Welfare, Medicare, and Medicaid help Americans you silly little boy. Wars in Afghanistan and Iraq don’t.”

Is that right? Where did those pesky terrorists come from that killed 3000 americans and destroyed the two largest buildings in lower manhattan, plus a wing of the pentagon?

Apparently you place a low value on economic and physical safety.

M

March 4th, 2013
11:52 am

The wars are elective. Medicare and SS are required by law. Are we not a nation of laws?

Kamchak ~ Thug from the Steppes

March 4th, 2013
11:53 am

Where did those pesky terrorists come from that killed 3000 americans and destroyed the two largest buildings in lower manhattan, plus a wing of the pentagon?

Not Iraq.

midtownguy

March 4th, 2013
11:53 am

Brosephus: I am thinking about marketing a t-shirt here is Midtown that says “If Paul Broun can get married four times, why can’t I get married once.”

Fred ™

March 4th, 2013
11:53 am

I’m calling BS on that one. The primary talking point for Democrats for a few election cycles has been “vote for us and we’ll make all the evil rich people pay for everything”. You can kid yourself that the 47% don’t know they’re not paying and would gladly pay their “fair share”, but you’re not kidding anybody else.

You call BS and then follow it up with a pack of lies? This from the man who admitted a few days ago he was incapable of running his business? How funny.

Why do you hate Soldiers, wounded vets, and retirees so much? You need to stop with that stupid assed 47% BS because the truth of the matter is the clueless 47% were you sad sacks that voted for the loser Romney lol.

The ONLY idiots talking about free stuff IS like I said, your talk radio hosts, your FOX puppet masters, and FOXBOTS like you.

What is really stupid is those lies cost you the last Presidential elections so now you seem to think if you scream them louder it’s going to help you. How dumb is that?

Keep Up the Good Fight!

March 4th, 2013
11:54 am

Oy vey, not the claim that terrorists by Saddam had anything to do with 9/11 :roll: When will this stupidity end?

DannyX

March 4th, 2013
11:55 am

“The same as the funding source for Medicaid and all the other welfare benefits.”

Jm, Why did you leave out Social Security and Medicare?

Kamchak ~ Thug from the Steppes

March 4th, 2013
11:56 am

When will this stupidity end?

Hopefully soon, and in Singapore.

Provided that he can find his own bootstraps.

wahoo

March 4th, 2013
11:56 am

Brosephus:

My first quote that you’re pulling was in response to your statement: “And, if we had the continuous job growth at HOME, there wouldn’t be any issues”. That is clearly false, as you even admit in your response. I agree that these problems didn’t pop up overnight and agree that they are a sh sandwich. I don’t think they NEED to take 40 years to resolve, although it could take that long. But every day we delay reforming the transfer programs is another day of wasted opportunity.

My second quote you are taking somewhat out of context, unfortunately. It is meant to address the need of the Federal to maintain sustainable transfer programs, which I think is rather obvious (although others may disagree). However, since you’re somewhat shifting the discussion to the Federal as the consumption driver of last resort, I will tell you that I’m not a big believer in the efficacy of that approach. The US economy went through a period of deleveraging after the credit bubble. A re-alignment of consumption relative to income was necessary (alarm bells should go off when the savings rate is negative). That re-alignment is still occurring today, and needs to finish running its course. Sovereign spending was never going to change the need for the American consumer to delever. The Federal has levered itself substantially the last five years with little to show for it: we are in the fourth year of what can only be described as a tepid recovery and appear to be settling into a long-term trend of underwhelming growth. Knowing what I know about the solvency of the transfer programs and the need for future debt financing to support them, I would not have been in favor of the ramp up in leverage of the Federal to get the recovery we have today. The Federal could have and should have been much more intelligent with our collective capital.

Fred ™

March 4th, 2013
11:58 am

Is that right? Where did those pesky terrorists come from that killed 3000 americans and destroyed the two largest buildings in lower manhattan, plus a wing of the pentagon?

Saudi Arabia you silly little boy. 15 of 19 were from Saudi Arabia. The others were from Egypt, UAE, and Lebenon. But we didn’t attack THEM. Not a single one of them came from Iraq.

Wow, you just keep doubling down on the lies and the stupid don’t you? Perhaps as you have already dug a hole of stupid over your head you should toss out the shovel and stop digging……….

But you won’t. You haven’t even begun to reach your full potential of stupid…………. and if the past is any indicator you won’t stop until you’ve surpassed it or run out of time trying.

They call me MISTER JamVet.

March 4th, 2013
12:00 pm

Just curious where it came from and why you would repeat and use it to make your point is all, jm.

Sounds like you don’t even believe it is accurate now…

Erwin's cat

March 4th, 2013
12:01 pm

But you won’t. You haven’t even begun to reach your full potential of stupid………

there is no limit what can be accomplished when one applies oneself

stands for decibels

March 4th, 2013
12:02 pm

They call me MISTER JamVet.

March 4th, 2013
12:02 pm

“If Paul Broun can get married four times, why can’t I get married once.”

Funny that, huh?

Newt and the serial philanderers/wife-swappers sure don’t do a good job of representing the Moral Majority, huh?

RB from Gwinnett

March 4th, 2013
12:04 pm

Fred, “This from the man who admitted a few days ago he was incapable of running his business? ”

Question for you Fred. With all the hatred you and your fellow liberals spew on those of us trying to make a business run, the incessant whining about the money we make if it works, and all the useless regulation you pile on and think it’s funny, why in the hell would anybody in their right mind hire your sorry asse?

getalife

March 4th, 2013
12:04 pm

Taxes are cuts are done.

Move on .

Brosephus™

March 4th, 2013
12:05 pm

So, when it’s convenient for Bro, “we’re all in this together”, but when it actually affects Bro it’s “I want mine and screw everybody else”. Typical liberal.

Bullsh*t!! If anything, that’s a typical Republican/Conservative or whatever the hell y’all call yourselves today. If you paid any attention, I’ve said numerous times that I don’t expect SS to be there for me. Last time I checked, it wasn’t the Liberals who were trying to get rid of it.

getalife

March 4th, 2013
12:05 pm

They call me MISTER JamVet.

March 4th, 2013
12:07 pm

Ah yes, the evil rich.

As defended by someone in the evil middle class.

The numbers don’t lie – in the past thirty years we have seen the greatest income distribution UP the economic ladder in American history.

And why income inequality in the United States has surpassed even that of the Great Depression…

barking frog †

March 4th, 2013
12:07 pm

Is it possible that the GOP willingness to swallow defense cuts
will end in the next financial wranglings ?

Brosephus™

March 4th, 2013
12:08 pm

midtownguy

I’d buy a few of those shirts!!!!!!

:lol: :lol: :lol:

curious

March 4th, 2013
12:11 pm

“Newt and the serial philanderers/wife-swappers sure don’t do a good job of representing the Moral Majority, huh?”

Newt for Pope. At least he isn’t a pedophile; I think.

Soothsayer

March 4th, 2013
12:11 pm

Right now our $16,000,000,000,000.00 debt is manageable because interest rates on U.S. Treasuries is ridiculously low.

What many people don’t realize is that if interest rates went to 6, 7, or 8% virtually every penny of non-Social Security and Medicare taxes that are collected would have to be used to pay the interest on our National Debt leaving essentially nothing for anything else.

To those who think that (interest rates rising) will never happen, you don’t have to go back very far in our recent history to find interest rates at those levels.

Kamchak ~ Thug from the Steppes

March 4th, 2013
12:12 pm

…why in the hell would anybody in their right mind hire your sorry asse[sic]?

“Why in the hell would anybody in their right mind work for your sorry ass?” is a better question.

Fred ™

March 4th, 2013
12:12 pm

Question for you Fred. With all the hatred you and your fellow liberals spew on those of us trying to make a business run, the incessant whining about the money we make if it works, and all the useless regulation you pile on and think it’s funny, why in the hell would anybody in their right mind hire your sorry asse?

Answer: Since I have owned MY own business for over 20 years and am not looking for a job, that is a REALLY STUPID question. Well it would be a stupid question from anyone else but you. For you it’s about par for the course. THIS is why you can’t run your business. You can’t think OR retain information. Everyone here knows I own my own business lol. Most remember that I retained Keep to help me collect from a dead beat client. (He’s self employed to you silly little man, a lawyer).

You see, unlike you, I CAN handle all the laws that apply to my business. I AM smart enough to retain info. You and your ignorant wide brushing of anyone who isn’t a brainless FOXBOT by calling them ‘a liberal” is just funny to watch. You show with almost every post a complete inability to think and form your own thoughts, you just spew forth some FOXBOT phrase and pretend it’s meaningful.

As the kids these days say……… You just got pwned.

http://www.youtube.com/watch?v=AXuFuN5KPbw&list=PL4C9D838D5EDC347A

getalife

March 4th, 2013
12:13 pm

My personal opinion is he should use these cuts as an excuse to leave Afghanistan now and no more wars because “we are broke” according to our cons.

Brosephus™

March 4th, 2013
12:14 pm

wahoo: That is clearly false, as you even admit in your response.

Care to point that out for me? You’re misreading my response. Those trillions would likely NOT exist if we didn’t screw ourselves over the past 30-40 years. One of Reagan’s tax hikes was to allow Social Security to get ahead of schedule in order to absorb the baby boomers without collapsing the system. Sustained employment with population growth that has came since then would have taken care of the boomers. I fail to see where I acknowledge anything as you said I have.

I will tell you that I’m not a big believer in the efficacy of that approach.

Well, we’re entitled to believe what we choose, whether it’s factual, truthful, or not. Only time will show who’s right and who’s wrong.

Joe Hussein Mama

March 4th, 2013
12:15 pm

RB — “Question for you Fred. With all the hatred you and your fellow liberals spew on those of us trying to make a business run, the incessant whining about the money we make if it works, and all the useless regulation you pile on and think it’s funny, why in the hell would anybody in their right mind hire your sorry asse?”

Question for you, RB. Have you stopped beating your wife yet?

Cheesy Grits

March 4th, 2013
12:16 pm

Where did those pesky terrorists come from that killed 3000 americans and destroyed the two largest buildings in lower manhattan, plus a wing of the pentagon?

Saudi Arabia

Bosch

March 4th, 2013
12:16 pm

RB,

Just a thought, but if your business isn’t doing well, could it be that you are just an obnoxious jerk that no one wants to do business with? Cause if you conduct yourself in the real world the way you do here, I wouldn’t give you the time of day. Your constant complaints about the government and regulations are simply stupid. If you didn’t know about the regulations required to do business, maybe you are just not a very good business person.

stands for decibels

March 4th, 2013
12:18 pm

To those who think that (interest rates rising) will never happen

Of course such a thing is possible, and if it were to head in that direction, we’d have to act accordingly.

in the meantime, well–

http://www.usatoday.com/story/money/markets/2013/01/28/10-year-treasury-2-percent/1870261/

td

March 4th, 2013
12:19 pm

Kamchak ~ Thug from the Steppes

March 4th, 2013
11:39 am

And then quit whining about the cost of the wars.

Yeah, ’cause spending money to care for the citizens of this country IS EXACTLY LIKE spending money to kill people overseas.

Why is it the Governments responsibility to care (code word take care of) its citizens?

Andy

March 4th, 2013
12:19 pm

Funny how these tax and spend liberals go batty over a measly 2% cut in spending.

stands for decibels

March 4th, 2013
12:20 pm

…and I realize my link @ 12.18 is over a month old, but here are current rates (along with handy 1, 3, 5, and 10-years-ago graph lines to view as well.)

http://news.morningstar.com/TreasuryYield/bonds.aspx

getalife

March 4th, 2013
12:20 pm

Government will be funded for a year so our President can work on his agenda.

The house will try to undo the military cuts but not sure if the turtle agrees.

Taxes and cuts are done .

You win some you lose some but we are all still Americans.

Fred ™

March 4th, 2013
12:20 pm

Bosch: I pointed that out to him on either Thursday or Friday, the same time I reminded him him that I have been incorporated for over 20 years. He ran away. He was whining about having to do human resource paper work. I even offered to point him in the right direction so he could outsource that stuff, which is usually cheaper. He ignored my posts then ran away. He’ll do the same today I predict, just as JM ran away after I pwned him on the terrorist stuff lol.

When they come back it will be with a different talking point from Rush or FOX or whoever they are listening to and they will completely ignore their past stupidity like it never happened.

Paul

March 4th, 2013
12:21 pm

National policy and strategy are supposed to drive force structure, which is supposed to drive budgets.

We pretty much have it backwards, now.

So conservatives are on Step 1 of a 121-step program and have admitted we have a problem with defense spending.

What I’m interested in is if there’s the brainpower that is able to construct a national security proposal that will simultaneously not force them to turn in their man cards.

They call me MISTER JamVet.

March 4th, 2013
12:21 pm

Why is it the Governments responsibility to care (code word take care of) its citizens?

Because it is in the United States Constitution, td.

Obviously per my admonition to you at 10:44, you did not read Article I, Section 8, Clause 1…

godless heathen - owner of many things he does not need

March 4th, 2013
12:22 pm

Social Security, Welfare, Medicare, and Medicaid help Americans you silly little boy. Wars in Afghanistan and Iraq don’t.

While I see your point, a lot of those $$ spent on the wars went home in Americans’ paychecks. Not the soldiers’ paychecks, so much, but the people that work in the factories that make the supplies.

Soothsayer

March 4th, 2013
12:22 pm

“Where did those pesky terrorists come from that killed 3000 americans and destroyed the two three largest buildings in lower manhattan, plus a wing of the pentagon?”

Neo-cons and the Partnership for a New American Century’s “new Pearl Harbor.”

larry

March 4th, 2013
12:22 pm

When will this stupidity end?

Hopefully soon, and in Singapore

Saw on 60 minutes last night , there’s plenty of housing.

getalife

March 4th, 2013
12:22 pm

Iran is ready for talks.

North Korea is ready for talks.

aq is pretty much destroyed so why do we need to spend so much on defense?

We don’t.

Brosephus™

March 4th, 2013
12:23 pm

Your constant complaints about the government and regulations are simply stupid. If you didn’t know about the regulations required to do business, maybe you are just not a very good business person.

That’s gonna leave a mark….

————–

Why is it the Governments responsibility to care (code word take care of) its citizens?

Seems that you need to go back and read the Constitution.

“We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”
–Preamble to the Constitution of the United States of America

stands for decibels

March 4th, 2013
12:23 pm

One of Reagan’s tax hikes was to allow Social Security to get ahead of schedule in order to absorb the baby boomers without collapsing the system.

well yeah, but you see, when the government took those actual real-life wages from people back then, it was Real Money. Now that we need to actually spend that money, it’s just an “IOU.”

(Apparently. Because freedom.)

(And people wonder why I want to have Simpson and Bowles taken out back and ball-stomped.)

Doggone/GA

March 4th, 2013
12:24 pm

“Funny how these tax and spend liberals go batty over a measly 2% cut in spending.”

It’s not the percentage, it’s the “across the board” requirement.

Bosch

March 4th, 2013
12:25 pm

Fred,

Not human resource paperwork! Noooooooo! :roll:

Geez, does he think running a business is just showing up and making money hand over fist?

appleseed

March 4th, 2013
12:25 pm

Fred why don’t you pat yourself on back,boast a little.Tell all how smart your are.He!! man you in love with yourself.

Bosch

March 4th, 2013
12:27 pm

Jay,

So when is the ajc gonna get with the times and put us a “like” button on these here blog posts? Huh? Huh?

Fred ™

March 4th, 2013
12:28 pm

Fred why don’t you pat yourself on back,boast a little.Tell all how smart your are.He!! man you in love with yourself.

Hmmmmmmm do I have a NEW stalker or is this just one of my regulars using a semi new alt? I’m thinking alt, what do you folks think?

td

March 4th, 2013
12:28 pm

They call me MISTER JamVet.

March 4th, 2013
12:07 pm

Ah yes, the evil rich.

As defended by someone in the evil middle class.

The numbers don’t lie – in the past thirty years we have seen the greatest income distribution UP the economic ladder in American history.

And why income inequality in the United States has surpassed even that of the Great Depression.

You really should do a little reading about the late 1800’s before you make such a statement. The wealth of Rockefeller in today’s dollars surpasses the top 100 combined today and he was just one of the wealthiest.

John D. Rockefeller was the founder of the Standard Oil Company and a Philanthropist who had a net worth of $340 Billion. John D. Rockefeller earned his net worth as an icon in the oil business. He founded and operated Standard Oil Company for 27 years, retiring in 1897.

http://www.celebritynetworth.com/richest-businessmen/richest-billionaires/john-rockefeller-net-worth/

Kamchak ~ Thug from the Steppes

March 4th, 2013
12:28 pm

Why is it the Governments responsibility to care (code word take care of) its citizens?

Why can’t you see that it is in the government’s best interest to have a healthy population?

Moderate Line

March 4th, 2013
12:28 pm

Brosephus™

March 4th, 2013
11:03 am
Moderate Line @ 10:03

I mean that the common everyday person who has to depend on Social Security and such have no say in forming, writing, passing, or signing legislation into law that affects SS. I think that currently half of the jackass brigade in DC are millionaires or at least worth a million if I remember correctly. Do you think they “need” SS to the same magnitude that Uncle Tony living on $1000 a month does?

That’s what I meant. Most of the decisions being made in DC are made by people who don’t have to rely on the implications of their decisions. We basically have allowed ourselves to be placed in a defacto caste system where the ruling class doesn’t have to suffer based on what they do.
++++
Good point.

Joe Hussein Mama

March 4th, 2013
12:28 pm

Bosch — “Geez, does he think running a business is just showing up and making money hand over fist?”

It’s the same kind of mindset that says ‘well, Mr. Brown was SO successful at running that Arabian show horse organization, SURELY he will be a success if he’s placed in charge of FEMA.’

http://en.wikipedia.org/wiki/Michael_D._Brown

Paul

March 4th, 2013
12:28 pm

” Cuts to spending for the acquisition of military equipment alone would lead the loss of over 1,000,000 private sector jobs. ”

“Why is it the Governments responsibility to care (code word take care of) its citizens?”

Anyone see a contradiction here? When the justification for not propping up military spending is because we won’t be taking care of people with make-work?

Halftrack

March 4th, 2013
12:28 pm

Although the President does not like it, he is the Commander and Chief of our Armed Forces. It is also his responsibility to defend our Nation (that is see that manpower and materials are available to defend the Nation. Further, he has the power to make the priorities of cuts not to be drastic to leave us vulnerable in many areas. I think the President should do his Constitutional job and with some efficiency. The buck does stop at his desk on this issue.

Brosephus™

March 4th, 2013
12:29 pm

dB

I feel you, and I understand that sentiment. Seems that our short term memory brigade has forgotten all about that.

Fred ™

March 4th, 2013
12:30 pm

Bosch; And what’s funny is that I suspect the reason he was having so much trouble with it was the reason you pointed out. He probably took an attitude with whoever down at the labor board he was dealing with and so they decided to attitude right back lol. We ALL know who wins THAT fight……..

getalife

March 4th, 2013
12:30 pm

Libs need to get real and admit the fact that government is too big and wastes too much money.

cons need to get real on SS and Medicare is here to stay and stop trying to end them.

You still have ObamaCare to focus on ending so we can get Canada Care.

Everybody is happy, happy, happy.

They call me MISTER JamVet.

March 4th, 2013
12:31 pm

JamVet – There are fifty tomato plants in this garden.

td – you really should read up more on gardening; there are 27 weeds in this garden. And one of them is huge!

The guy is simply incapable of addressing the original point…

lovelyliz

March 4th, 2013
12:32 pm

They’ll cut active duty pay and veterans benefits to the bone before they cut corporate welfare for politically connected defense contractors.

appleseed

March 4th, 2013
12:33 pm

When a man addresses others as boy, son,he’s talking down to you.Thinks self to be superior.

td

March 4th, 2013
12:33 pm

Brosephus™

March 4th, 2013
12:23 pm

The Preamble is like the Declaration of Independence in that it lays out a philosophy but it is not the actual law. Those little articles after the preamble is the law and nowhere in those articles does it state we should take care of the day to day subsistence of the citizens of this nation.

BTW: How is medicaid, foodstamps, section 8 housing, WIC and other means tested programs “promoting the general welfare” of the citizens of this country?

Doggone/GA

March 4th, 2013
12:33 pm

“Further, he has the power to make the priorities of cuts not to be drastic to leave us vulnerable in many areas”

Commander IN Chief, not “and”…and no, he doesn’t have the power you think he does. The sequester is not an ordinary bill and it spells out what must be cut…basically EVERYTHING not specifically excluded.

stands for decibels

March 4th, 2013
12:36 pm

GOP willingness to swallow

Four hours in, and nobody made the effort to mine this comedy-gold setup into a punchline?

Deeply disappointed. Shame. Shame.

Kamchak ~ Thug from the Steppes

March 4th, 2013
12:36 pm

How is medicaid, foodstamps, section 8 housing, WIC and other means tested programs “promoting the general welfare” of the citizens of this country?

There’s your sign.

Brosephus™

March 4th, 2013
12:38 pm

How is medicaid, foodstamps, section 8 housing, WIC and other means tested programs “promoting the general welfare” of the citizens of this country?

When you can show WHERE I stated that, I will answer HOW. Until then, don’t put your words in my mouth and think I’m gonna defend them. That’s not how it works here, bro. That crap might work with Rush on the radio, but he’s usually dealing with low information people anyway.

by golly

March 4th, 2013
12:38 pm

td-I would bet you are one of the deacons in your church. Am I right?

Bosch

March 4th, 2013
12:39 pm

Yes Fred, I have found the best way to do business is to piss off the people who can, quite literally, shut and padlock my doors, call them retarded guvmint morons and the like. They are SO much nicer that way!

Cheesy Grits

March 4th, 2013
12:39 pm

Four hours in, and nobody made the effort to mine this comedy-gold setup into a punchline?

Deeply disappointed. Shame. Shame.

I was on my radar. Been a busy day at work.

Joe Hussein Mama

March 4th, 2013
12:40 pm

td — “The Preamble is like the Declaration of Independence in that it lays out a philosophy but it is not the actual law.”

Finally, something I have been repeating for two years gets remembered by one of the GOP Crew here.

Paul

March 4th, 2013
12:40 pm

Kamchak

Well, some people also can’t see how promoting clean air, water, power sources, alternate fuels, etc promotes the general welfare, too -

indigo

March 4th, 2013
12:40 pm

I’m guessing the Reublicans will keep throwing roadblocks in front of Obama untill the 2014 mid-term elections. If all goes well for them(or even if it doesn’t) they will continue stonewalling until the 2016 elections.

Their hope is a Republican President and a majority in both houses after the 2016 elections. THEN they can start to spend huge sums on our Military and proceed to slash Medicare, Medicaid and Social Security.

Only in America.

They call me MISTER JamVet.

March 4th, 2013
12:41 pm

Some progress has been made!

Now at least td, is no longer pretending that that clause is not even in the US Constitution.

And Bro, good luck chasing these around!

http://tinyurl.com/bvjbfd3

td

March 4th, 2013
12:41 pm

by golly

March 4th, 2013
12:38 pm

td-I would bet you are one of the deacons in your church. Am I right?

Nope. Made the choice about 20 years ago to get divorced and that choice made it impossible for me to be a deacon. Have to pay for my sins.

Fred ™

March 4th, 2013
12:42 pm

Hey Bosch; Forgot to ask? How are the pups? Of course they aren’t pups anymore lol. We are getting a new one on the 18th. Another Mini Badger hound.

Bosch

March 4th, 2013
12:42 pm

Sorry stands, I haven’t got my blog mojo back (Jack)!

Fred ™

March 4th, 2013
12:44 pm

Well let me go help the girls clean the garage for a while. It will give RB and JM a chance to come out of hiding if I’m gone………

Joe Hussein Mama

March 4th, 2013
12:44 pm

Bosch — “Yes Fred, I have found the best way to do business is to piss off the people who can, quite literally, shut and padlock my doors, call them retarded guvmint morons and the like. They are SO much nicer that way!”

I’m seeing a mental picture of RB barricading himself inside the Golden Gallon he runs and going all Waco because of gubmint paperwork. And all because RB’s crayon broke.

getalife

March 4th, 2013
12:45 pm

China’s housing bubble popped.

Down goes China.

So after aq, who is the enemy?

There are none.

Fred ™

March 4th, 2013
12:45 pm

JHM: Thanks for the parting laugh :lol:

stands for decibels

March 4th, 2013
12:45 pm

Commander IN Chief, not “and”

And no “bottle-washer” at the end, either.

Bosch

March 4th, 2013
12:45 pm

Fred,

Starbuck and Apollo are doing well, although I did just yell at Apollo to not eat his vomit, which he did anyway. Sigh. The pups are mostly badger hounds, they are super swell. I love them.

Paul

March 4th, 2013
12:48 pm

Bosch

That link I sent you ends after episode 8. Thought you should know before you began watching. So unless hit hit Netflix or Redbox or we buy it, we’re frakked.

Kamchak ~ Thug from the Steppes

March 4th, 2013
12:50 pm

Well, some people also can’t see how promoting clean air, water, power sources, alternate fuels, etc promotes the general welfare, too -

“Boggles the mind, it does.”
– Thomas “Yoda” Jefferson

Erwin's cat

March 4th, 2013
12:50 pm

JHM – It’s the same kind of mindset that says ‘well, Mr. Brown was SO successful at running that Arabian show horse organization, SURELY he will be a success if he’s placed in charge of FEMA.’

i read an article a few months back that said basically a car guy should run a car company, a shoe guy a shoe company etc etc…how can you run anything w/o being an expert in the field?

td

March 4th, 2013
12:50 pm

getalife

March 4th, 2013
12:45 pm

China’s housing bubble popped.

Down goes China.

So after aq, who is the enemy?

There are none.

And if it has really popped then who is going to continue to lend us that 40 cents on every dollar we are currently spending?

Bosch

March 4th, 2013
12:52 pm

Paul,

I enjoyed that, thank you. It’s all good though, after they cancelled Caprica, I learned not to get too emotionally attached, plus no spin off can compare….it just can’t, can’t.

getalife

March 4th, 2013
12:53 pm

“Tax-exempt bonds, targeted for elimination in the 1980s, have not only endured, but grown, in what amounts to a large corporate giveaway costing taxpayers hundreds of millions of dollars.” NYTimes.

There is plenty of corporate welfare that can be cut that will not harm our economy if you cons jump on board and demand the gop to cut it.

Erwin's cat

March 4th, 2013
12:54 pm

td – And if it has really popped then who is going to continue to lend us that 40 cents on every dollar we are currently spending?

do you have any idea how much of our debt China actually owns?

appleseed

March 4th, 2013
12:55 pm

by golly —truth is couldn’t be trusted to pass the collection plate.

Bosch

March 4th, 2013
12:55 pm

td,

We are our own enemy (or something like that).

Paul

March 4th, 2013
12:56 pm

Bosch

I had hopes with Blood and Chrome they’d learned from their mistakes with Caprica. I was quite disappointed when I found it was a one-off and not a series.

getalife

March 4th, 2013
12:57 pm

“And if it has really popped then who is going to continue to lend us that 40 cents on every dollar we are currently spending?”

China;s government acts quickly because they don’t have a gop so they will be fine.

They raised interests rates, more down payment and stricter mortgages so people have to think twice before buying a house.

Their banks did not go all in like ours.

Bosch

March 4th, 2013
12:57 pm

Ok, had fun, gotta run…catch y’all on the morrow!

wahoo

March 4th, 2013
12:58 pm

Brosephus:

Thank you for your response. Now that you have added that last response, I more clearly understand your position.

For the pre-funding the transfer programs to work, the money can’t be used in other ways, or raided to pay for general expenses, as the SS trust fund was. Under that assumption, I would be much more likely to agree with you.

“Only time will show who’s right and who’s wrong.”

It’s a counterfactual. We’ll never know if my approach would yield a better result than the course the nation selected. What we do know is that a decent chunk of sovereign debt capacity has been consumed and this taxpayer is dismayed at the results that we have for our investment thus far.

TBS

March 4th, 2013
12:58 pm

“And if it has really popped then who is going to continue to lend us that 40 cents on every dollar we are currently spending?”

While Japan was surpassed by China several years ago in terms of which country holds the most US debt, Japan’s holdings are on the increase while China’s has been on the decline over the last year or so.

China is certainly the largest holder, but not even close to the only country or foreign private investors who are willing to purchase and purchasing US debt?

appleseed

March 4th, 2013
12:59 pm

China owns approx. 20% of our debt.

0311/8541/5811/1811/1801

March 4th, 2013
1:00 pm

“OBAMA LIED ……. JANITORS ‘CRIED’ … ” ??

From time to time (like everyone else on here) in the rush of debate, etc. I will post something from an internet or news source that later turns out to be incorrect or incomplete.

When that is pointed out (and if correct) I always recant/admit the particular article is flawed.

Some of you (who usually like to get personal instead of just debating) will immediately call me a “liar”.

So ……………. is Obama a liar ??? Or did he just pass on (without taking the time to check) incorrect information ???

Headline (Washington Post Fact Checker): “Sequester spin: Obama’s false claim of Capitol janitors receiving ‘a pay cut’ ”

“Indeed, Obama’s remarks at the news conference so alarmed Capitol Hill officials that an e-mail was sent by the Capitol building superintendent that comments that people who clean the building would get a cut in pay were “NOT true.”

http://www.washingtonpost.com/blogs/fact-checker/post/sequester-spin-obamas-incorrect-claim-of-capitol-janitors-receiving-a-pay-cut/2013/03/01/3407535c-82a9-11e2-b99e-6baf4ebe42df_blog.html

td

March 4th, 2013
1:00 pm

getalife

March 4th, 2013
12:57 pm

“And if it has really popped then who is going to continue to lend us that 40 cents on every dollar we are currently spending?”

China;s government acts quickly because they don’t have a gop so they will be fine.

They raised interests rates, more down payment and stricter mortgages so people have to think twice before buying a house.

Their banks did not go all in like ours.

You really need to see the story that was on 60 minutes last night about how China really works.

They call me MISTER JamVet.

March 4th, 2013
1:01 pm

Why is it the Governments responsibility to care (code word take care of) its citizens?

When I read stuff like this I want to throw up.

It seems that the most strident of the far right wingers have actually convinced themselves that the legitimate role – certainly the primary one according to td – of the US government is simply national defense.

And it is this lack of humanity and basic concern for their fellow countrymen that is what I find so disturbing about them.

And i believe it will be their ultimate undoing as a political philosophy…

Joe Hussein Mama

March 4th, 2013
1:01 pm

E. Cat — “i read an article a few months back that said basically a car guy should run a car company, a shoe guy a shoe company etc etc…how can you run anything w/o being an expert in the field?”

You know what? That’s EXACTLY what I said when Delta brought Leo Mullin on as CEO in 1997.

http://www.forbes.com/profile/leo-mullin/

Delta’s problems weren’t all due to Mullin’s crappy management, but he managed to alienate DL employees, passengers AND management all at the same time. Hell, I was a multi-year Delta Platinum Medallion member (back when Platinum was as high as you could go) and I still jumped ship for another airline that actually seemed to want my business.

DownInAlbany

March 4th, 2013
1:02 pm

getalife

March 4th, 2013
1:03 pm

They focus on China because they need an enemy.

Japan tried some stimulus.

The EU tried austerity and want to end it.

The Swiss voted to cap executive pay.

Erwin's cat

March 4th, 2013
1:04 pm

getalife

March 4th, 2013
1:04 pm

downer,

The fuss is about unemployment is still too high.

getalife

March 4th, 2013
1:05 pm

But should add the fed is still easing 85 billion a month.

Moderate Line

March 4th, 2013
1:06 pm

Brosephus™ @11:11 am
Moderate

I don’t think Social Security is in the position it is in because people are only concerned with making money.

I was on my phone so typing was a beeyatch. I was referring to the 401k as opposed to a defined pension. Years ago, people retired and had an idea of what they would have as far as retirement income. Now, the only thing that’s somewhat known is Social Security. Having to base your retirement on your 401k is a gamble that we’re losing, regardless to how much you have in your account.

Over the course of your lifetime, you only get 20% of what YOUR money earns while the financial industry pockets 80% without risking a single penny of their money. That’s what I was referring to about turning your retirement over to people who’s only concern is making money for themselves.

This country has gone from being one that took care of their own to being one that’s “every man, woman, and child for themselves”. How can a country who’s GDP exceeds $15 Trillion claim they can’t afford to take care of their own elderly? What kind of sense does that make, especially considering how many love to trot out the misguided information that this is a Christian society. Christ didn’t dump the poor out in the backyard to fend for themselves.
++++
I am not sure I understand the 20% of my money vs the 80% of their money.

From my perspective this is the result of the individualist tendencies of our society. Our society wants the government to stay out their business in both the social and economic realm. The left focuses on the social realm which garners the younger voters and the right focuses on the economic realm which gets them vote of people who want to pay fewer taxes. In the meantime we are moving to a society which is more liberal (classical use of the term) in both economics and socially. The rich really want this liberalization in both realms because they are the beneficiary of fewer rules both socially and economically.

RB from Gwinnett

March 4th, 2013
1:07 pm

“Just a thought, but if your business isn’t doing well, could it be that you are just an obnoxious jerk that no one wants to do business with? ”

I know all you morons like to laugh and joke about the failure of people in business and I truly appreciate your concern for me and my business, but I’m happy to report we’re setting sales records and increasing our hiring efforts to get a few more of our fellow Americans (the ones who want to work….) out of the unemployemnt line. But if it makes you all feel better to laugh and joke and hope people fail, you go right ahead and do that. I’m sure that sorry attitude will make an employer just giddy over the prospects of giving you a job or a promotion.

Jefferson

March 4th, 2013
1:08 pm

Why would you not want to close a loophole? The term itself means it wasn’t planned to work like that ? Only a water carrier I guess.

getalife

March 4th, 2013
1:08 pm

rb is unemployed and that is why he is angry,

getalife

March 4th, 2013
1:09 pm

Loopholes are corporate welfare .

When cons force their party to cut it, the deficit will drop.

JohnnyReb

March 4th, 2013
1:09 pm

Obama lied…..Janitors cried.

There is an unsubstantiated report that Obama ends a word or phrase with a whistling sound when he is lying.

Film at eleven.

TBS

March 4th, 2013
1:10 pm

td

When I said largest holder, should have been more specific. Largest foreign holder of our debt. Of course as EC pointed out the actual percentage of what they hold, with Japan being right behind them.

Majority of US debt is held here in the US

getalife

March 4th, 2013
1:12 pm

reb,

Can you see what happens in ten years because the cuts are for ten years or until congress ends them.

Joe Hussein Mama

March 4th, 2013
1:12 pm

RB — ” But if it makes you all feel better to laugh and joke and hope people fail”

Nobody here wants you to fail, RB. We just wish you would stop bleating and whining about that awful gubmint paperwork.

Kamchak ~ Thug from the Steppes

March 4th, 2013
1:12 pm

There is an unsubstantiated report that the smoking gun is the mushroom cloud.

There is an unsubstantiated report that we will be greeted as liberators.

Film at eleven.

0311/8541/5811/1811/1801

March 4th, 2013
1:13 pm

JohnnyReb:

LOL !

Rightwing Troll

March 4th, 2013
1:14 pm

“There is plenty of corporate welfare that can be cut that will not harm our economy if you cons jump on board and demand the gop to cut it.”

But but but… the “job creators” neeeeeed those tax cuts… so’s they can sit on all that extra capital, force their employees to do more with less, and ride it out til a godly, christian, conservative sits in the whitehouse again and all those cuts can then be directed towards social services…

godless heathen - owner of many things he does not need

March 4th, 2013
1:14 pm

Homeland Security Secretary Janet Napolitano says U.S. airports, including Los Angeles International and O’Hare International, are already experiencing delays as a result of automatic federal spending cuts.

IOW, you poor bastards have goaded the beast and now you will suffer.

Erwin's cat

March 4th, 2013
1:14 pm

here is an unsubstantiated report that we will be greeted as liberatorsMorgan Fairchild :wink:

JKL2

March 4th, 2013
1:16 pm

getalife- cons need to get real on SS and Medicare is here to stay and stop trying to end them.

obamacare is largely funded by cuts in Medicare. (Did you not read that in the wonderful bill?)

The bridge program to obamacare ran out of funding 60% thru it’s lifespan. I’m sure obamacare will be under budget as he is the smartest man on the planet and would never lie to us.

The CBO is never wrong…

Rightwing Troll

March 4th, 2013
1:18 pm

“I’m sure obamacare will be under budget as he is the smartest man on the planet and would never lie to us.”

“Iraqi oil will pay for it all”…

0311/8541/5811/1811/1801

March 4th, 2013
1:18 pm

MY LAZY GUN !

“Today I swung my front door wide open and placed my Stevens 320 right in the doorway. I gave it 6 shells, and noticing that it had no legs, even placed it in my wheelchair to help it get around. I then left it alone and went about my business.

While I was gone, the mailman delivered my mail, the neighbor boy across the street mowed the yard, a girl walked her dog down the street, and quite a few cars stopped at the stop sign right in front of our house.

After about an hour, I checked on the gun. It was still sitting there in the wheelchair, right where I had left it. It hadn’t rolled itself outside. It certainly hadn’t killed anyone, even with the numerous opportunities it had been presented to do so. In fact, it hadn’t even loaded itself. Well you can imagine my surprise, with all the media hype about how dangerous guns are and how they kill people. Either the media is wrong, and it’s the misuse of guns by PEOPLE that kills people, or I’m in possession of the laziest gun in the world.

Alright, well I’m off to check on my spoons. I hear they’re making people fat.”

Author Unknown

Joe Hussein Mama

March 4th, 2013
1:19 pm

G. Heathen — “IOW, you poor bastards have goaded the beast and now you will suffer.”

On the bright side, airport concessionaires and airlines anticipate increased revenue as they take advantage of the situation. Airlines expect paid membership in their airport clubs and lounges to skyrocket this year as business travelers’ nerves become more and more frayed. :D

Brosephus™

March 4th, 2013
1:19 pm

JamVet

Thanks, but I’m not chasing anything he’s dishing out today. If he can’t remain in the real world, then he’ll be chasing by himself today.

————–

wahoo: It’s a counterfactual. We’ll never know if my approach would yield a better result than the course the nation selected.

Not necessarily your approach in the specific, but we’ll know whether the path taken vs the one not taken will be the right one.

————–

Moderate Line

It’s 100% of your money, but you’re only getting 20% in the long run. It’s from something that PBS put out long ago in a special on 401ks. That information comes directly from an interview that PBS did with John Bogle, who founded the mutual fund firm Vanguard.

So what do you say to the great mass of people who feel terrific about putting away 6 percent a year, with a 3 percent employer match — that is, 9 percent a year combined starting at around age 35? What do you say to them?

You’d better step it up if you’re putting 9 percent in at age 35, and you’d better also do some other very significant things. One, you’d better keep [the investment] costs down so you aren’t overwhelmed by the tyranny of compounding costs, whatever market return you might get.

… Investors should realize [they] don’t get the market return. In a 9 percent market, we all share 9 percent before we pay the cost of financial intermediation, and after we pay those costs, which are about 2.5 percent a year, we get 6.5 percent on a 9 percent market.

So if I do your average, what percentage of my net growth is going to fees in a 401(k) plan?

Well, it’s awesome. Let me give you a little longer-term example. The example I use in my book is an individual who is 20 years old today starting to accumulate for retirement. That person has about 45 years to go before retirement — 20 to 65 — and then, if you believe the actuarial tables, another 20 years to go before death mercifully brings his or her life to a close. So that’s 65 years of investing. If you invest $1,000 at the beginning of that time and earn 8 percent, that $1,000 will grow in that 65-year period to around $140,000.

Now, the financial system — the mutual fund system in this case — will take about two and a half percentage points out of that return, so you will have a gross return of 8 percent, a net return of 5.5 percent, and your $1,000 will grow to approximately $30,000. One hundred ten thousand dollars goes to the financial system and $30,000 to you, the investor. Think about that. That means the financial system put up zero percent of the capital and took zero percent of the risk and got almost 80 percent of the return, and you, the investor in this long time period, an investment lifetime, put up 100 percent of the capital, took 100 percent of the risk, and got only a little bit over 20 percent of the return. That is a financial system that is failing investors because of those costs of financial advice and brokerage, some hidden, some out in plain sight, that investors face today. So the system has to be fixed.

I’ve got to unscramble what you just said. You said that in the case of the $1,000 invested for 65 years, the financial system is taking 80 percent of the money. But most of us aren’t doing that. In the first place, at 20 we’re out spending it; we’re not putting it away. But set that aside. We’re really talking about people who are probably saving from 35 or 40 or 45 at best for retirement at 55, 60 or 65. and they are plunking the money away into 401(k)s. I’m just asking you, in that system, roughly what chunk of it are people getting back themselves out of their gains, and what chunk of that is going to go to the financial system for managing their money?

Well, in the long run, it’s 80 percent to the financial system, 20 percent to you. In a given year, it’s about 80 percent to you and 20 percent to the financial system, so if you look at 10 years or 15 years, you’re probably talking about 60 percent to you and 40 percent to the financial system maybe over 20 years, something like that. But the longer the period, the greater the impact of that tyranny of compounding costs is.

The entire series of interviews can be found here.

http://www.pbs.org/wgbh/pages/frontline/retirement/world/401k.html

It goes towards what I was saying about the caste system being put into play here. It’s all going so below the radar that most people don’t see it and won’t see it until it’s too late.

Joe Hussein Mama

March 4th, 2013
1:20 pm

JKL — “obamacare is largely funded by cuts in Medicare. (Did you not read that in the wonderful bill?)”

Nope. I didn’t read that in there because it doesn’t *appear* in there.

They call me MISTER JamVet.

March 4th, 2013
1:21 pm

heathen, going to and through LAX sucks big time as it is!

Though the rates are often (a lot higher), if you can, go though Bob Hope International; it rocks. And it isn’t any farther from where movie stars, like yours truly, hangs out, Hollywood and Beverly Hills. (LOL)

Paul

March 4th, 2013
1:23 pm

DownInAlbany

“So what’s all the fuss about?”

Because expenditures still outpace revenue by about 40%, because entities profiting in the billions pay no tax, because people earning half a billion or a billion pay at a fraction of the rate of someone earning $400K a year.

But why’s it rising? Isn’t a Republican mantra you grow the economy and more revenue comes in? So what, a few months after the election and a month after the inauguration Pres Obama’s worked a miracle!!! (I had noted during the election that even if Romney won, natural cycles would continue, things would get better and Republicans and cons here would say it’s all about Romney, increased confidence, etc. But if Obama won they wouldn’t say that).

godless heathen - owner of many things he does not need

March 4th, 2013
1:24 pm

On the bright side, airport concessionaires and airlines anticipate increased revenue as they take advantage of the situation.

In every cloud, a silver lining.

where movie stars, like yours truly, hangs out,

Jamvet, International man of mystery.

JohnnyReb

March 4th, 2013
1:25 pm

I see JamVet is off in the alternate universe as to the primary job of the Federal Government. If anyone can post evidence where the founders saw the Federal Government as wealth redistributors, please do. It would do loads for making your progressive case.

Brosephus™

March 4th, 2013
1:26 pm

Moderate Line

If you read that entire interview with Bogle, you’ll probably see that the way to change that part of our retirement system has already been suggested, and it involves social security. When you don’t have a great pitchman to explain things, you’ll never get people to understand what you’re really suggesting.

Escaped from Email Purgatory

March 4th, 2013
1:26 pm

“This particular moment in time is an abberation to get spending cuts in place since Obama won’t do any cuts.”

Agree with Johnny Reb.

This is an uncharacteristic maneuver based on extreme circumstances. The GOP perceives Obama as unwilling to negotiate in good faith. There’s good reason for that perception. Obama’s not a guy who has much patience for dissenting opinion.

He’s never shown any real interest in negotiating directly with the GOP on deficit reduction anyway. His style is to hit the campaign trail and attack his opposition in hopes of fomenting anger against them. Then make sure the scab is off the wound when the next election rolls around.

Sooner or later, if all goes according to plan, the Dems will gain control of the House too. Then it will really “be on” and Barack can finish his transformation of America. If you liked Obamacare, you’ll love gun control, higher taxes and expanded entitlements.

So far, this tactic has served him well. No matter the adverse consequences, he’s never blamed for them.

An opinion that he may have pushed things too far with the sequester is being shared by a broader spectrum of the electorate. While both the Dems and GOP had to sign off on the sequester, it was his idea.

In the weeks prior to the sequester, Obama articulated its impending, disastrous consequences in speech after speech. Since its enactment, he’s been tempering that rhetoric. Not to mention creating as much space as he can between the shrill doomsaying and his part in spreading it.

The onerous consequences, thought by both sides to be a guarantee that we’d never get to the point of enacting the sequester, will be held to somebody’s account.

Perhaps he knows his name is sharing the top spot on the Prime Suspects list this time. At least with all but the truest of the true believers.

Whew! I think I’m on cliche overload.

Brosephus™

March 4th, 2013
1:27 pm

JamVet

Did you see the results of the Swiss referendum on CEO pay? I know that if anybody here saw that, it would be you.

:)

JKL2

March 4th, 2013
1:28 pm

jamvet- Why is it the Governments responsibility to care (code word take care of) its citizens? When I read stuff like this I want to throw up.

Because America was never designed to be a nanny state. The Fed is so far off the reservation from what they were hired to do, they couldn’t even give you a job description anymore.

Who needs personal responsibility when the government will pick up the tab for all our screw-ups and dictate our lives to us…

Arms Akimbo

March 4th, 2013
1:29 pm

The five year Obama experiment in progressivism has reached its logical conclusion: flat-line economic growth, ever increasing debt, a central bank that can’t cut off the spigot, negative jobs growth, constantly declining disposible income, and an ever dumbed down electorate. The NYT has published a series of critical articals on Obama’s OFA super-pac over the past two weeks. The OFA is not a grass roots organization that elected Obama. It is instead designed to solicit large donations from corporations and lobbyists. The publically advertised price for access to the President is $500k. Obama is setting up this organization to try to gain control of the House in 2014. He is essentially admitting that his first four years have been a failure and that he does not have the leadership skills to accomplish anything in his second term without the ability to strongarm legislation through Congress. Obama is an excellent politician and a talented campaigner, but nevertheless he is a flawed leader because he does not have the ability to foster bipartisanship. The sequester has made him look foolish- tripping over his fabrications from speech to speech. With the GOP willing to accept Defense cuts, it is too bad that Obama is not strong enough to put together the necessary grand bargain the country desperately needs. Someone needs to remind the White House that the election is over and it is time to actually accomplish something rather than move from one self created crisis to another. Unfortunately, it is beyond Obama’s skillset to do much of anything other than campaign for office.

Welcome to the Occupation

March 4th, 2013
1:32 pm

JKL2: “Because America was never designed to be a nanny state. The Fed is so far off the reservation from what they were hired to do, they couldn’t even give you a job description anymore.

Who needs personal responsibility when the government will pick up the tab for all our screw-ups and dictate our lives to us…”

For WHOSE screw-ups?

THAT is the question.

The only ones in the current scenario who have screwed up are bankers who have been compelled to do so in order to survive/thrive in an utterly broken, unjust system.

What has put our public budgets under strain is the requirement that we bail these institutions out.

It’s got nothing to do with OUR screwups, as in, you and me.

JKL2

March 4th, 2013
1:34 pm

rightwing- “Iraqi oil will pay for it all”…

Who said that? Cite please.

Half Century Dawg

March 4th, 2013
1:34 pm

“There is plenty of corporate welfare that can be cut that will not harm our economy if you cons jump on board and demand the gop to cut it.”

This fiscal conservative (not republican) has no problem with closing loop holes to increase revenue as long as the increase goes 100% to paying down the debt.

Brosephus™

March 4th, 2013
1:35 pm

This is an uncharacteristic maneuver based on extreme circumstances. The GOP perceives Obama as unwilling to negotiate in good faith. There’s good reason for that perception. Obama’s not a guy who has much patience for dissenting opinion.

How do you negotiate with someone who isn’t willing to compromise? Continued repeating of this bogus sh*t will not make it come true. The GOP has been insistent on cuts with no revenue. They got cuts with no revenue in 2011 in exchange for the sequester to force a negotiation that contained cuts and revenue.

The GOP is still saying cuts only with no revenue while Obama is offering cuts AND revenue. Seems like a standoff to me, which is why the sequester kicked in.

JohnnyReb

March 4th, 2013
1:36 pm

Escape from Email Purgatory is correct (and not just for agreeing with me).

What is Obama above all else? A Community Organizer.

What do Community Organizers do?

They stir up as much hate and discontent that they can to achieve their goals.

Obama’s community organizer tactics go back to Saul Alinsky where any trick and lie in the book is OK if it helps achieve the goal.

Throw in 20 years listening to Jeramiah Wright’s black liberation theology and we have one messed up guy as POTUS.

Welcome to the Occupation

March 4th, 2013
1:39 pm

Half Century Dawg: “This fiscal conservative (not republican) has no problem with closing loop holes to increase revenue as long as the increase goes 100% to paying down the debt.”

Why?

Our debt is not really something that needs to be “paid down”, the way a household’s debt needs to be.

Where do you get this idea that you can jump from a household budget scenario to a national budget when the two really have nothing to do with each other?

JohnnyReb

March 4th, 2013
1:40 pm

Brosephus – it may be 6 of one, half dozen of the other, however, sequester was Obama’s idea when he would not compromise with Boehner on spending cuts. Obama still won’t agree to spending cuts.

The man gives the SOTU speech and what does he do? He wants three more entitlement programs. He did not state how he would pay for those, but it’s common knowledge he wants to pay for them through tax increases.

He never quites campaigning and goes around the country blaming Republicans for everything from taking money from the poor to Michelle’s PMS.

Do you really think he can foster compromise acting the way he does?

The anwer is no. He is devisive, not inclusive.

Joe Hussein Mama

March 4th, 2013
1:42 pm

Welcome to the Occupation

March 4th, 2013
1:43 pm

By the way, JohnnyReb I see you’re still here.

Do you realize what an earth-shattering stupidity you uttered earlier this morning? You actually said of Obama, the must ruthless cutter that this country has seen in the last half-century, that he refuses to do any cuts.

If you don’t realize the stupidity of that statement, then I think you instantly disqualify yourself from any grownup conversation and should skulk away in shame.

But will you skulk away?

I doubt is, as to do so would required you to have shame, something those of your ideological stripe by definition do not have.

td

March 4th, 2013
1:44 pm

They call me MISTER JamVet.

March 4th, 2013
1:01 pm

Why is it the Governments responsibility to care (code word take care of) its citizens?

When I read stuff like this I want to throw up.

It seems that the most strident of the far right wingers have actually convinced themselves that the legitimate role – certainly the primary one according to td – of the US government is simply national defense.

And it is this lack of humanity and basic concern for their fellow countrymen that is what I find so disturbing about them.

And i believe it will be their ultimate undoing as a political philosophy…

Before you throw up then you should really walk into the waiting room of your local DFCS office and see what the “great society” has done to the poor souls of generational welfare recipients. If that look of hopelessness does not make you throw up then you have no soul my friend. When a government makes its citizens dependent on it then it deprives them of having a meaning to their lives.

The government is cold, legalized and follows policy to the tee. They do not give people the right message about the meaning of work. The great society has doomed millions of our fellow citizens to meaningless life. How could you support such a system and still say you care?

It is religions responsibility to take care of the poor and if they can not handle the job then the local community and then the state. The Federal government should stay the hell out of it.

curious

March 4th, 2013
1:45 pm

If the Federal Government needs to stop distributing wealth, then end all subsidies, tax breaks, and foreign aid.now.. We’re tried of our money going to moochers.

Half Century Dawg

March 4th, 2013
1:47 pm

Welcome to the Occupation , because we are paying interest on that debt and if we pay it down, we pay less interest. That money could be better applied to other needs or reduced taxes.

Why in your mind does debt not matter? I am open minded and always willing to learn.

JohnnyReb

March 4th, 2013
1:48 pm

Welcome to the Occupation – just what universe do you reside? It’s common knowledge that Obama is the biggest spending president of all time.

It’s also common knowledge that Obama won’t agree to spending cuts instead of tax increases.

But, you keep believing I’m an idiot if it makes you feel better.

What I have found is that Liberals jump to personal attack when the facts don’t support their wishes.

hamiltonAZ

March 4th, 2013
1:49 pm

In a discussion of a different type of entitlement, the NYT offers a story about tax exempt bonds:
http://www.nytimes.com/2013/03/05/business/qualified-private-activity-bonds-come-under-new-scrutiny.html?hp

Brosephus™

March 4th, 2013
1:50 pm

Brosephus – it may be 6 of one, half dozen of the other, however, sequester was Obama’s idea when he would not compromise with Boehner on spending cuts. Obama still won’t agree to spending cuts.

Umm, I think you have that backwards. Obama compromised with Boehner, and that’s how we ended up with the sequestration. Obama caved on revenues in 2011 in exchange for the sequester to force a balanced deal. Nice fail on revisionistic history there.

Do you really think he can foster compromise acting the way he does?

The anwer is no. He is devisive, not inclusive.

I don’t think it matters whether he can foster compromise or not. He’s not the only party that has to compromise. The GOP has to be willing to compromise, but it seems as though they have no idea of what real compromise entails. The GOP is stuck on compromise being them getting 100% of what THEY want and denying Dems 100% of what they want.

Obama’s actually much nicer than me as I would have told the GOP to Go F**k Yourself a long time ago. That’s what a real Angry Black Man raised in Black Liberation Theology would do and not this mamby pamby speech stuff that he’s doing. They don’t compromise or deal with White people very well. I don’t ascribe to BLT at all, but to try to paint Obama as some boogeyman shows that y’all are some real scaredycats when it’s all said and done.

Kamchak ~ Thug from the Steppes

March 4th, 2013
1:50 pm

What I have found is that Liberals jump to personal attack when the facts don’t support their wishes.

Ann Coulter says, “What?”

JohnnyReb

March 4th, 2013
1:58 pm

Brosephus – it may be years before we truly know if Obama moved the goal posts or if Boehner could not deliver what he and Obama had agreed. Your side blames Boehner, mine Obama.

Currently, it is very clear the reason there are no discussions is that Obama wants revenue increases from eliminating loopholes while Republicans are telling him that he got his revenue increase in the form of the tax rate increase – eliminating loopholes is, in effect, increasing tax rates even though the published rate remains flat.

I don’t think Obama is a boogy man. I think he is very skilled at deception, he lies, and ignores his oath.

curious

March 4th, 2013
1:59 pm

Why not close loopholes?

JKL2

March 4th, 2013
2:03 pm

Welcome- The only ones in the current scenario who have screwed up are bankers who have been compelled to do so in order to survive/thrive in an utterly broken, unjust system.

Not sure about broken and unjust, but to me a bailout is a bailout. Businesses screw up, the government jumps up to bail them out (TARP, etc). People screw up, the government jumps in to bail them out (healthcare, food, housing, retirement, etc)

The federal government needs to get out of the charity business and focus on the things it was designed to do.

getalife

March 4th, 2013
2:04 pm

“Why not close loopholes?”

Because of unlimited corporate donations.

JohnnyReb

March 4th, 2013
2:05 pm

Closing loopholes would be fine IF the rates are adjusted to revenue neutral.

Rates are based on Adjusted Gross Income (AGI). If the rate is unchanged and loophole elimination increases the AGI, a person pays more taxes. It’s the same result as a rate increase.

Brosephus™

March 4th, 2013
2:06 pm

it may be years before we truly know if Obama moved the goal posts or if Boehner could not deliver what he and Obama had agreed. Your side blames Boehner, mine Obama.

Wrong again. MY side blames them all as there’s no common sense logic whatsoever that would lead someone to put themselves in such a sh*thole as we’ve done. The facts are there, and Obama has been asking for revenue and cuts the whole time. The GOP has been insistent on cuts and cuts only.

The “balanced” approach, Simpson-Bowles, recommended a mix of revenue and cuts. For some odd reason, the GOP slams Obama for not going with Simpson-Bowles when their own party voted it down in committee and the corporate media doesn’t call out that BS for what it is. Furthermore, the GOP refuses revenues in the mix, so even their own position doesn’t support Simpson-Bowles.

My side wishes there was a way to set a recall election for all 535 in Congress where those currently in office could not run. Only when those jackasses realize their actions have real effect on the country will they leave the pissant partisanship alone and do what’s right for the country.

They call me MISTER JamVet.

March 4th, 2013
2:15 pm

Reb, engaging snarky sophists, immature people who put words into others’ mouths and the intellectually dishonest is not what I am any longer about.

As you are all three, good luck and good riddance.

(But don’t cry, there are plenty of others here who will fill your need for endless negative attention!)

JohnnyReb

March 4th, 2013
2:17 pm

Brosephus – what do you think all the stink has been about over Woodward’s remarks? He wrote that Obama agreed to no revenue increases in the sequestor deal. Obama has not lived up to that agreement. Woodward outed him.

JohnnyReb

March 4th, 2013
2:18 pm

JamVet – I just don’t know what I will do without you. Does this mean you will give us all a break and no longer vomit your bile here, or just not towards me?

Brosephus™

March 4th, 2013
2:30 pm

what do you think all the stink has been about over Woodward’s remarks? He wrote that Obama agreed to no revenue increases in the sequestor deal.

Obama agreed to no revenues in that 2011 deal that included the sequester under the premise that the “grand bargain” would contain both. All one has to do is read the news from 2011 to see that point being made over and over in the thousands of speeches he’s made. Woodward can’t change the past.

django

March 4th, 2013
5:15 pm

Dems willingness to swallow any cuts is historic… That is the real headline. obama and his minions did absolutely nothing to stop the cuts. The senate proposed nothing. Neither did house dems…..

Escaped from Email Purgatory

March 4th, 2013
5:40 pm

” I don’t ascribe to BLT at all, but to try to paint Obama as some boogeyman shows that y’all are some real scaredycats when it’s all said and done.”

C’mon Brosephus. You had to go there? If you don’t like Obama, “y’all”must have issues with black folks. Black folks in power, anyway.

That argument becomes limper with every passing day. The salt peter is introduced by Obama’s actions themselves.

And if you’re counting not proscribing to BLT as a point in your favor, then you have set mighty low standards for yourself.