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It seems like the deficit would not be that hard to fix, raise or remove the cap on social security earning, and suddenly social security is fine for a very long.  Lower the minimum age when people can join Medicare and suddenly Medicare has a much healthier insurance pool and is not only insurance for people at the end of their lives, when things can get very expensive.  Also, eliminate over treatment, although that might be tricky.  It would probably help to stop invading countries.   And, finally let the Bush tax cuts expire, I vaguely remember things being pretty good in the nineties and the slightly higher tax rates did not seem to stifle the job creaters.  

Of course none of that will happen because when people talk about reducing the deficit
what they really mean is how do we make poor people miserable and for some reason rich people seem to feel that the poor people are having way too much fun and need to be
brought down a notch.  

Maybe if we are really serious about getting rid of the deficit the country should invest in counseling for the elites to find out why they hate everyone.

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Comment Preferences

  •  No and the media should be (8+ / 0-)

    pointing out when you don't figure in two wars for 7 years, the tab runs high and what they are claiming on the trillion dollar increase is hooey.  He just factored in the costs so conveniently left out.   It's like ordering things and saying put it on the tab ..getting a new manager at the store who adds up those costs and presenting it to the  auditor and the new manager gets blamed for running up the costs because the old boss was not telling anyone or documenting it anywhere.

    We the People have to make a difference and the Change.....Just do it ! Be part of helping us build a veteran community online. United Veterans of America

    by Vetwife on Sat Sep 29, 2012 at 10:47:19 PM PDT

    •  what bothers me (4+ / 0-)

      The people that claim to care about the the deficit really care about getting rid of entitlements and the entire argument is like listening to a couple kids argue about who would win in a fight between superman and mity mouse.

    •  Doesn't matter what caused it. It is what is is. (2+ / 0-)
      Recommended by:
      Vetwife, JamieG from Md

      According to this poll, a majority do say they are concerned about the deficit.

      http://sas-origin.onstreammedia.com/...

      Is it because media makes a big deal of it or is it because it really is a major problem?

      Progressives will win only when we convince a majority that they, too, are Progressive. And... It’s the Supreme Court, stupid!

      by auapplemac on Sat Sep 29, 2012 at 11:21:16 PM PDT

      [ Parent ]

      •  Unemployment and jobs (4+ / 0-)

        Most the polls seem to indicate unemployment and jobs are the biggest concern, with government debt being a distant second.  

        But if you look at the actions of the people in charge they don't seem to care about deficit spending, they are more concerned with ways to screw the working class.

      •  Republicans are good (5+ / 0-)

        at getting the media to go along with their complete nonsense about economics.

        Republicans and the media are good at getting Democrats to be afraid, about the complete nonsense.

        After a long time of it now, many Democrats even believe the nonsense themselves.

        •  Well this is true and (2+ / 0-)
          Recommended by:
          JamieG from Md, Garrett

          as a person who struggles every month I can see clearly how tightening the budget and scaling down has not worked.  I can get rid of cable and move from an newer vehicle to an older one.  I can scale back on food but here is the problem,   Go down to the 10 year or so vehicle and what was paid in car payments go to car repair.  Get rid of cable and you spend the money on something for breaking boredom or more gas to go to parks, etc.   Cut back on groceries and you find yourself wanting to eat out or scaling up the bad health with high blood pressure or bad nerves.  It doesn't work.  Something is going to take that money every single month with if nothing else, something that is out of your control...a refrigerator gone bad, a water heater quits, ac or heater stops.  The light bill shoots through the roof or you get a leak.  If you are in an apartment, management changes and the rent increases.
          The little bit of savings for emergency is the way or a decent credit score to be able to borrow in case of an emergency otherwise you are still going to borrow but at the mercy of predatory lending or high bank fees.  

          Job growth and most importantly career opportunity is the only way to move an economy and people to actually care about failing families and friends,  This moving jobs offshore, not paying taxes, endless wars, drug addicition, high jail and prison sentences, a depressed people who is not only afraid of it's government but so disengaged has no clue that they are We the people and not Fox and Friends or Keith or Rachel.  They used to have the power to move local government into a working community but the system is governed by greed and until something major changes, and I mean , catastrophic then nothing is going to change because Wake Up by Samuel Jackson was really in your face and meaningful even if I would have used different language so more people would not turn it off  because of the profanity.  

          We the People have to make a difference and the Change.....Just do it ! Be part of helping us build a veteran community online. United Veterans of America

          by Vetwife on Sun Sep 30, 2012 at 05:03:09 AM PDT

          [ Parent ]

      •  The media, and the GOP (0+ / 0-)

        It is not as big a deal as they make it out to be.

        We've had high debt before.  The real panic is we'll pay it off with taxes on the rich.

  •  The bankers and financiers (1+ / 0-)
    Recommended by:
    YucatanMan

    The most important people in the world...



    Those who do not move, do not notice their chains. Rosa Luxemburg

    by chuckvw on Sat Sep 29, 2012 at 11:08:31 PM PDT

    •  US 10-Year debt is trading at a yield of 1.64%... (4+ / 0-)

      ...so clearly, the bond market does not care about the deficit/debt.

      In fact, US debt is trading at its lowest levels ever, even lower than in the 1950s.

      So, if the bond market doesn't care about US deficits, I have to ask, why do so many Dems care about it?

      Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project. www.hamiltonproject.org

      by PatriciaVa on Sat Sep 29, 2012 at 11:12:03 PM PDT

      [ Parent ]

      •  My biggest worry (3+ / 0-)
        Recommended by:
        chuckvw, JamieG from Md, PatriciaVa

        Is that after the election dems will go to work on entitlement programs in the name of deficit cutting.  I was thinking about calling my senators, Udall and bennet and telling them not to be jackasses about social security and Medicare. For some reason old white men seem to think people need to suffer just because.

        Great point about the bond market by the way

      •  The 1% care about inflation (2+ / 0-)
        Recommended by:
        lenzy1000, PatriciaVa

        and the devaluation of their unearned wealth...

        And transferring all of that public wealth - public education, Social Security and Medicare, to name some potential sources - into private hands would be another tidy little windfall.

        The federal deficit/debt, fiscal cliffs, etc., are shiny objects to keep the rubes bedazzled.

        Then, of course, there are those who seek to dismantle (reform) social democracy on ideological grounds.



        Those who do not move, do not notice their chains. Rosa Luxemburg

        by chuckvw on Sat Sep 29, 2012 at 11:50:03 PM PDT

        [ Parent ]

        •  Inflation hurts retirees the most by far. (0+ / 0-)

          Those who are dependent on conservative investments in retirement get very badly hurt by inflation.

          States that have inflation protection for retired public employees also get badly hurt and their taxpayers.

          The wealthy can afford to invest in higher risk assets and smarter investing so they don't get hurt much by inflation.

          The most important way to protect the environment is not to have more than one child.

          by nextstep on Sun Sep 30, 2012 at 01:19:22 PM PDT

          [ Parent ]

          •  Real recovery spending (deficit be damned for now) (0+ / 0-)

            will likely cause some inflation, but it will also spur economic activity... a rising tide that raises all boats.

            By the way, most people today don't have retirement investments or pensions. I've spent most of my retirement savings to live during a long period of unemployment.

            Banks, and foreign entities that own a lot of government debt would take the real hit. Who better?



            Those who do not move, do not notice their chains. Rosa Luxemburg

            by chuckvw on Sun Sep 30, 2012 at 02:52:58 PM PDT

            [ Parent ]

      •  We should go long in borrowing (2+ / 0-)
        Recommended by:
        askyron, PatriciaVa

        Get as much debt into 10 and even 30 year obligations while rates are low. That will help when rates do go up, since it will increase the short term debt first.

        Help! The GOP is NUTS (& the Dems need some!)

        by Tuba Les on Sun Sep 30, 2012 at 01:51:48 AM PDT

        [ Parent ]

        •  The Fed & Treasury policies are the opposite (1+ / 0-)
          Recommended by:
          Tuba Les

          of what you argue for.

          Fed and Treasury are working to lower long term treasury rates so investment is forced into the private sector to encourage employment growth.

          The most important way to protect the environment is not to have more than one child.

          by nextstep on Sun Sep 30, 2012 at 01:22:13 PM PDT

          [ Parent ]

          •  Yes, that is true. (0+ / 0-)

            But we would be better off borrowing more and SPENDING it to stimulate the economy and creating jobs that way. Put people to work. In the long run that will be the only way to bring down the deficit. The more people working, the better for the economy. When they spend the money they make they create demand for goods and services and there is a nice multiplier effect.

            In the long run, they will pay more in taxes and help to pay down the deficit.

            Help! The GOP is NUTS (& the Dems need some!)

            by Tuba Les on Sun Sep 30, 2012 at 09:32:52 PM PDT

            [ Parent ]

      •  jump risk, Patricia. (0+ / 0-)

        sure the rate is low now, but once the economy returns from the shitter and people are less crazy about credit risk, that rate will go up.

    •  I forgot about the very serious people (1+ / 0-)
      Recommended by:
      chuckvw

      True wonks like Ryan care

  •  Maybe people like-minded with you could share (1+ / 0-)
    Recommended by:
    belzaboo

    their credit card numbers with those of us who do care about deficit spending. Win-win  

  •  Money is a figment of the imagination. (2+ / 0-)
    Recommended by:
    acerimusdux, Vetwife

    We invent it. In the case of the U.S our agents of government issue it. How can there be not enough?  Money is a concept. Dollars are a material manifestation so money can used as a tool. It's not very different from a hammer, a tool we use to pound something into something else or to pulverize it into dust. The concept of the hammer and what it does as the extension of a human hand exist regardless of the particular shape it has (claw, ball, tack, mallet). The same is true of money, a token of value, worthless, like an inch, a token of space, unless it is used. How can there not be enough inches to measure the distance even from earth to the sun? The only thing there can not be enough of is tape measures or rulers because someone stolen and/or hidden them. The same is true of dollars. Only now that we make them out of electronic blips that is increasingly hard, unless everyone agrees to disappear them. We can unthink money.
    That's what the deficit is -- an exercise in unthinking money.

    Why would we want to do that? To deceive? To deprive others of what they need to survive? To exert power? To exploit an advantage? To dominate people's thinking?  Lies tie.
    The deficit is a big lie. The concept of not enough money is not material (you can't touch it), but it does matter (is important, has import, has weight) because, indirectly, it serves to deprive people of their material needs. Money makes it possible to starve people vicariously, without leaving any fingerprints. Money makes it possible to commit perfect crimes on the grandest scale. And, to the extent that money is an idea and crime is an evil thought made material, money is akin to evil. If humans didn't think, they couldn't be bad.
    Some don't and can't. They are to be forgiven because they do not know. "Some humans ain't human."

    We organize governments to provide benefits and prevent abuse.

    by hannah on Sun Sep 30, 2012 at 01:20:21 AM PDT

  •  Don't forget a transaction tax, sorta like (0+ / 0-)

    Sales tax for the 1%

  •  Iceland didn't care about the deficit. (1+ / 0-)
    Recommended by:
    Vetwife

    They fixed theirs in a flash.  

    Your ideas on how to fix Social Security and Medicare are both good ones.   Let them figure out how to pay for the hotel room they trashed.  

    If money is speech, then speech must be money.

    by dkmich on Sun Sep 30, 2012 at 03:22:07 AM PDT

    •  What are you talking about? (0+ / 0-)

      We have a giant debt problem in Iceland and didn't have one before the crisis.  We got past the temporary extreme issues by having a huge currency collapse (which was effectively like cutting the savings of regular people (not the wealthy, who were divested overseas), the values of their assets (same), and cutting salaries by about 50% (again, not so much of an effect on the wealthy), plus about 30% cuts in government spending and about an equivalent savings in increased taxes.  Now we're massively in debt to the IMF and others, but at least we're stable.

  •  No one should (1+ / 0-)
    Recommended by:
    Vetwife

    The government has a printing press.  So they never have to worry about a deficit.

    The only danger in this, is if it tempts us to spend too much.  If we try to consume more than we have the resources to produce, that deficit matters.  That's when we get inflation.

    But right now, we are spending too little.  Money doesn't matter, we have plenty of unemployed resources.  Restricting money is just one way to restrict spending.  But right now, spending is clearly too low, no need to restrict it.

  •  If, gods forbid, Romney were to win (1+ / 0-)
    Recommended by:
    JamieG from Md

    we wouldn't hear a peep about the deficit except when the Medicare slashing comes up.
       Defivits only matter when Democrats are in office.

  •  "The Deficit! is the Chicken Litte scream from (0+ / 0-)

    the Republicans.

    How to resolve it?

    Put people to work...more people working equals more taxes filling the coffers.

    Raise taxes on the rich and corporations and close the damn loopholes.

    Simple enough!

  •  Borrow more cheap dough. (0+ / 0-)

    Time is NOW. More STIM. New WPA, new CCC, job training for Vets.
    WTF is wrong w/these Rs? Deficits don't matter, remember recalling?

    rMoney: Just another jerk, lookin' for work.

    by OleHippieChick on Sun Sep 30, 2012 at 09:42:11 AM PDT

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