[SkyPilot]

You can almost hear the panic in the NY Slimes writer's voice.

All the talk about the Great Recession ending in June 2009 was all lies. We knew that of course, but the Slimes and other liberals are finally admitting it. The Presstitutes went into overdrive to convince the boobs in American that the Community Organizer was leading us into "The Recovery Summer" that turned into "The Recovery Autumn" that turned into yet another "Recovery."

The Slimes author laments that no one will "work together."

Let me help him buy a vowel: What has to be done is reign in Entitlements and Welfare, and Obama and the Democrats WON'T do that.

Now that liberals are seeing their own 401Ks and wealth evaporate under Obama and the Democrats, they suddently want "something done." The laughable attempt to lable this the "Tea Party Downgrade" was illogic on its face.

Nothing has changed in thousands of years. Those who hate God, but love money and their own selves, swallow the bitter pill of destruction that they themselves created:

____________________________________________________________________

"They have an unhealthy interest in controversies and quarrels about words that result in envy, strife, malicious talk, evil suspicions and constant friction between people of corrupt mind, who have been robbed of the truth and who think that godliness is a means to financial gain. But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. But you, man of God, flee from all this, and pursue righteousness, godliness, faith, love, endurance and gentleness. Fight the good fight of the faith."

1 Timothy 6: 4-11

[Big Giant Head]

Pinging myself for later.

[Ernie Kaputnik]

“Now that liberals are seeing their own 401Ks and wealth evaporate under Obama and the Democrats, they suddently want “something done.”

I’ve been saying the same thing for 20 years: The only time a liberal gives a rat’s ass about the reality of the damage their policies cause is when it affects them personally. Then, if the impact upon them is severe enough, they become conservatives overnight. Take away their privelidge, wealth and lively-hood in the name of progressive ideals and they scream, bitch and moan to high heaven about “how unfair it is.”

[NoControllingLegalAuthority]

Somebody needs to do something. That's the common theme of this article.

Somebody IS doing something.

Lots of them.

They are pulling the plug on the financial system. They are voting with their cash and running for the hills from a collapsing system.

The system is collapsing because those with money don't much feel like giving it to those who won't work to earn their own money.

Imagine that?

Obama and his stooges can't understand why they are overdrawn.

They still have checks in their checkbooks.

Financial collapse is not supposed to happen to socialists and yet IT DOES EVERY TIME!

[org.whodat]

Welfare and medical programs on illegals are bleeding this country dry. No one wants to deal with it. How many illegals babies will you pay to have delivered this month. And then there is all the place holder affirmative action do nothing jobs in the government. Dang!

[Lonesome in Massachussets]

What Will Stop the Drop?

November 2012: Hope.

[Pollster1]

The answer is obvious, meaning the Dems will never do it.

We can’t afford social security as a 30 year federal vacation for those over 65 (or 67), and the starting age needs to be adjusted to about 70 or even 72. The social security and medicare age should be raised - gradually and on people 50 and under, but it has to go up further than scheduled. We can’t afford to support the unemployed for a year, and that needs to be adjusted to the time span that unemployment insurance payments cover - perhaps two months. If you can’t find a job that you want within a few weeks, it’s time to find a job you can get instead of staying on the dole for months or years waiting for a dream job that no longer exists.

We can’t afford $700B in defense spending when 25% to 30% of that is pork. The trick is to cut the waste, fraud, and abuse (especially earmarks), cut the non-logistic support, and keep the operating forces strong. We can’t afford ANY of the $150B in discretionary one time items, nor can we afford all of our recurring discretionary spending. It’s not a hard concept; we can’t afford spending that we can’t afford, so we need to eliinate that spending.

If I was in charge of the federal budget, I wouldn’t fix it quite the way I would fix my own budget, but I’d get the job done. With my own budget, it would balance the first year and every year. With the federal budget, I would cut the deficit in half the first year and again the second year, balancing it the third year. That’s purely to minimize the local economic shock in areas that depend on deficit charity, but I think it’s worth it to reduce the transition trauma. Next year’s deficit should be under $800B, the following year under $400B, and the budget should balance thereafter. That’s arbitrary, but we’ve seen what happens without a guideline.

[pieceofthepuzzle]

Obama could stop the drop immediately with the following three statements:

1. “I affirm here today that the United States, and I as the US President, are committed to free market capitalism, and we are confident that American hard work and ingenuity in the private sector will keep the US the world leader.

2. “It has been made abundantly clear that we must decrease government spending or we risk our national security and economic future. Failure to do so will hurt all Americans. I am asking House and Senate leaders to meet with me and members of my cabinet at least bi-weekly over the coming months to discuss and formulate bipartisan plans for appropriate spending cuts. Also, I am asking each Federal agency to internally cut administrative costs by at least 10% over the next 12 months. Failure to do so will result in a mandatory 20% decrease in federal expenditures to that agency.”

3. “It has also become clear that, despite good intentions and great effort, the current iteration of the new health care law is flawed and has required my administration to grant multiple waivers to various groups to avoid economic hardship. It is also clear that it will not save money sufficiently. I am asking Congress to revise this legislation substantially in a manner that strongly promotes market place competition, preserves our world-class medical, biomedical, device development, and pharmaceutical industries and provides each American with the lowest cost highest quality care possible. I pledge to the American people that the changes made will improve your care options, decrease costs, address preexisting conditions, emphasize your personal choice, and be private sector based.”

[Scanian]

With a super-genius like Paul Krugman on the staff, nobody at the NYT should have any problem understanding economics.

/s

[kevao]

As long as the roots are not severed, all is well. And all will be well in the garden. In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again. There will be growth in the spring!

[norwaypinesavage]

Look at the revenue pie chart: If you DOUBLE the income tax that EVERYONE actually pays, the deficit would still be nearly half a trillion dollars. There is a spending problem, not a revenue problem.

"What will stop the drop"? November 6, 2012

[RayChuang88]

Here's what I recommend to stop the slide right now:

1. Heed the advice of the Bowles-Simpson report on reducing national debt and craft legislation to follow its recommendations. I would include passing the One Percent Spending Reduction Act of 2011 (H.R. 1848/S. 1316) to really start to curb government spending.

2. Overhaul the income tax system to reduce compliance costs, lower the maximum tax rate, phase out obsolete and unneeded tax loopholes, and make encourage more savings and investment in the USA. In short, the Forbes no-loophole flat-rate income tax plan should be something may want to use starting the 2012 tax year.

[Freddd]

Sure it ended. It did.

Now this is Obama’s recession.
Can’t blame Bush. So the left can’t let that happen. So claim now, we never left the recession, so Obama can still blame Bush...

Obama’s recession.

Obama’s downgradeS.