Official Obama Anthem

If taxes aren't raised, where wold my slacker neighbors get their income from? Oh and their car, and their food? I mean really, she is pregnant, I can't expect her to go without her cigarrettes.

Work is not an option for them. They are up all through the night boozing. It's rediculous to expect them to get up early and go to work. They are respectful members of society and deserve to be handed everything.

Well, there are 3 of them sharing a condo so I suppose they have lots left over to stimulate the economy.

You got that right.

Amen!

Obamas fault? Really?

Who dished out 800 billion dollars without a penny to be accounted for?

Stop reading blogs if you want journalism to return.

I might have to attend a July 4 tea party

BYOH

Bring your own hay.

I'll bring common sense, good judgement, a need to stand up for what I believe in, a flask and some SkinBrandz.com business cards 

never read a blog myself, can't stand em.

I always try and stay out of these type of threads because no good ever comes of it but, the person that people voted for because he was representing change in how the government was run really didn't change alot.

Seems the more that things 'change' they stay the same.  One politician is the same as the other, let me smile and promise you anything just to get your vote, what a very close knit family they have.

Because people don't think and educate for themselves. They watch Fox news or Msnbc and follow along like sheep. The truth is in between.

Whadda ya say we meet in the Carolina's and give em hell.

Didn't try too hard on this one Philly

Whatever your viewpoint now, we will all have to stand together when the bill comes due and it is time to pay the piper!

Change, is that the real reason people voted for him!

Ooops

Kenwas, are you saying that as 'Taxpayers', the 'Bankers' of our Government, we don't have the right to foreclose or call in the loans because the collatoral for the loans has lost value?  Just asking.

5% national sales tax on all domestic goods and higher for all imported goods. We will feel it less.

We need to pay for our mistakes, not our children.

What you call a loan, I call taking from the poor and giving to the rich.

Barrack Hussein Robin Hood Taxman Obama

I prefer Robbin Hood.

or or or Robbin The Hood.

I am saying that when the Treasury buys the same bonds that it issues itself by just printing money to pay for them, we are either going to dramatically decrease the value of the dollar or dramtaically raise inflation or both.  All the borrowing will have to be paid back or we will just be like a third world country where the debt consumes 80-90% percent of the GDP.  Our children will get stuck with the bill. 

A VAT tax such as the 5% tax Craig suggested will help to cover the cost but will only legitimize the spending which is the real problem.  It will also effect the poor in a negative way more than anyone else and will more than wipe out the much ballyhooed Tax reduction for 95% of Americans.

We are currently just transferring balances from one national credit card to another always increasing the actual debt owed.  We all know where that leads.

Kenwas, Suppose China called up and said, we are letting you slide on the loans. There is no need to pay them back.

Would we not  just end up where we are because we don't make anything worth buying? All we had was housing and we know what happened there. Until we get beyond Profit> anything else, we are screwed.

If I did that they would call it counterfeiting. I would go to jail for many years and the taxpayers would pay for my upkeep with their counterfeit money. It's only paper, backed by nothing but our faith.

not exactly. It would be poor money managment and you would end up homeless. However, prisons these days are practically resorts so maybe it wouldn't be so bad.

If I ever had a serious medical condition that required thousands and thousands of dollars to cure, I would rob a bank. If I got away, woohoo. If I got caught..Woohoo. I would get the best medical care there is. I would be in final recovery just about the time I am paroled.  

Its like a poker game. The winner took there money and went home. Before they left the bank gave them all of their take. The rest were left to play with pennies.

We need to reinvest in America, or double down, go all in, to recover.

No, we are a net/net consumer nation.  We would lose the power to buy and our life sytle would quickly go down the toilet making today's situatin look like paradise and the good old days as bad as it seems now.  Our national credit rating is critical to our continued prosperity. It will be a sad day indeed if the Treasury lost their AAA rating.( and that is no longer a remote possibility).  We would certainly not end up where we are now regardless of the fact that we manaufacture less and less each year of certian goods.  We also feed much of the world and provide markets to same for their goods.  It is a very, very small world.