30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars.
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$62,000 is the average annual cost to maintain a welfare household. It's not just the free cash that's given them, it's the free housing, all utilities paid, the free health care provided, the food stamps, free meals at schools. In many parts of the country, the welfare households are beginning to outnumber the taxpaying households. The welfare recipients are having far more babies than working taxpayers.
So yes I do blame them, they aren't pulling their weight, they want this huge gigantic government, but they aren't having to pay anything for it.
I'd rather question why we give Egypt and Syria the money that we do. Israel isn't a hell-hole.
I think our 'aid' to Egypt and Syria are in the form of weapons to destabilize them, for reasons that I don't know.
Naturally, the right-wingers blame the poor. They have this all figured out.
The Democratically controlled Congress spent money over Reagan's Veto and reneged on their pledge to cut spending in exchange for tax increases.
On the three occasions in recent history that Republicans have controlled both houses of Congress, unemployment declined and either deficits decreased or there was a budget surplus.
Typically, when we have Democrats in control of both houses of Congress, we have a Republican president and that's when the big spending happens.
30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars.
40 years ago, the total amount of debt in the United States was about 2 trillion dollars. Today, it is more than 56 trillion dollars.
At the same time that we have been running up all of this debt, our economic infrastructure and our ability to produce wealth has been absolutely gutted.
Since 2001, the United States has lost more than 56,000 manufacturing facilities and millions of good jobs have been shipped overseas.
Our share of global GDP declined from 31.8 percent in 2001 to 21.6 percent in 2011.
The percentage of Americans that are self-employed is at a record low, and the percentage of Americans that are dependent on the government is at a record high.
The U.S. economy is a complete and total mess, and it is time that we faced the truth.
Our dangerous national debt was caused by republican supply side tax cuts.
Carter- no major deficits.
Reagan- lowered rich peoples tax rates, he created huge deficits and national debt.
Clinton- reversed Reagans tax policies, he created surpluses and paid down Americas national debt.
GW Bush- lowered rich peoples tax rates, and he turned Clintons surpluses into huge deficits and national debt.
Thank God Mitt Romney did not get elected. Romney wanted to do $6.6 trillion dollars in supply side tax cuts, and that whole $6.6 trillion dollars would have been added to our national debt.
30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars.
40 years ago, the total amount of debt in the United States was about 2 trillion dollars. Today, it is more than 56 trillion dollars.
At the same time that we have been running up all of this debt, our economic infrastructure and our ability to produce wealth has been absolutely gutted.
Since 2001, the United States has lost more than 56,000 manufacturing facilities and millions of good jobs have been shipped overseas.
Our share of global GDP declined from 31.8 percent in 2001 to 21.6 percent in 2011.
The percentage of Americans that are self-employed is at a record low, and the percentage of Americans that are dependent on the government is at a record high.
The U.S. economy is a complete and total mess, and it is time that we faced the truth.
Another problem -- 30 years ago, a higher portion of the population paid taxes, and a higher portion of the population worked for a living.
Today in many parts of the country, more babies are born to welfare households -- births paid by Medicaid, then
are born to working taxpaying parents.
More and more people are finding it easy to come up with a diagnosis of some kind that will get them disability checks or SSi if they never feel like working. The number of people living off disability checks with all the other handouts that come with is it skyrocketing.
It's not looking good.
BS
30 years ago rich people paid taxes, but today because of trickle down economics, billionaires have a 1% to 17% federal tax rate.
Today's republicans want 0% tax rates on dividends, so billionaires will have 0% federal tax rates.
The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth, and they should be paying 40% of the taxes, but republicans want to give them 0% tax rates.
The Democratically controlled Congress spent money over Reagan's Veto and reneged on their pledge to cut spending in exchange for tax increases.
On the three occasions in recent history that Republicans have controlled both houses of Congress, unemployment declined and either deficits decreased or there was a budget surplus.
Typically, when we have Democrats in control of both houses of Congress, we have a Republican president and that's when the big spending happens.
Your posting lies. Huge public pressure caused the democrat congress to give Reagan everything he wanted.
Unfortunately today's conservatives will not have conversations about jobs for Americans.
Conservatives want unregulated capitalism, corporate deregulation, and supply side tax cuts.
(And thats all they want.)
I agree that corporate, namely CEO greed has played a big part in undermining our economy. They justify their outrageous salaries and bonuses by outsourcing American jobs. I worked at UHG, and the CEO gave received a ONE BILLION dollar bonus for one year. I left their IT department because they were paying 30% less than the average salary.
Jobs drive the middle class, and the middle class drives the economy. Obama spent 6 trillion to keep us running in place, and now that the free money is gone, we will see the consequences. Oh, the rising stock market and real estate market might make you believe that we are on the upswing. Wrong. The stock market is a contrived bubble of and for the wealthy, and RE investors are the primary reason the RE market is up. But they are buying cheap homes to rent or flip. The upper class are paying more for their homes, but they can afford to.
Obama should have figured out a way to force corporate America to pay for the jobs they export, else bring them back. He has not done this. He has spent money for a temporary fix. He is not an independent thinker, he is a good orator. Mike Gravel or Ron Paul maybe could have dug us out of the hole GW put us in, like immediately getting out of Iraq and Afghanistan for starters, but America was too stupid to realize it.
The worst is yet to come. This is definitely the calm before the storm - which will hit when the US dollar is no longer the reserve currency of the world.
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