You'll have to explain what your asking for. A solution? A radical idea?I'd like to hear the liberal equivalent to the minting of a 1 Trillion dollar coin. Just humor me here.
Well, let's talk about house holds.The spending continues without ANY cuts in the budget. WHO in their right mind would run their own household that way, much less a country?
You buy a house, it's not new.
You move in and live there for a couple of years. You discover that you're paying a lot to heat the place during the winter.
You could: Cut back on spending during the winter and everyone wears a sweater. That would work to a degree, but you can only cut back so far before the pipes freeze. And, if someone gets sick from the cold, you'll end up spending more.
Or you could: Spend more extra money and put insulation in the attic and walls so that next winter it doesn't cost as much to heat the place.
Your first year of spending would be higher buying the insulation, however every year after that would be lower.
That's the difference.
As for why there aren't cuts in the budget, it's because the GOP refuse to compromise.
Their initial "cliff" package was to remove everything that would be cut from their side of the table and leave all the other cuts in place.
Then they complained that Obama wouldn't meet them halfway.
That's like me selling you a car for $1000, then changing the deal to "just give me $1000 and don't get a car". You say no. I say "meet me half way, just give me $500 and don't get a car."
Agreed. Basic comprehension of the issues should be mandatory for voting.Congress is equally to blame as is a lazy voting populace that would rather be entertained right over that cliff, rather than educate themselves.
Actually, the real problem is that GOP gerrymandered themselves into trouble.Meanwhile, they DEPEND on in fighting such as I see here as confusion reigns king.
They can't be reasonable or they face a primary challenge from a looney.
You are conflating two different things. This was bailout, not stimulus.Hell, 9 TRILLION of stimulus money went missing, yet the media barely reported it.
WHO in their right mind can defend this?
THIS is on obama and HIS administration, is it not?
And it didn't go "missing". It went to fill in the holes in the balance sheets made by the declining value in properties.
As a property owner who was not underwater or upside down because I paid extra before the crash, I'm just as pissed as anyone that people who bought multiple houses are getting bailed out.
However, the alternative is a complete and total crash of the world economy worse than what we saw. Massive homelessness. Massive unemployment. People's life savings disappearing from banks (not crashed stocks, mind you. I'm talking checking accounts, savings accounts, etc).
This is what happens when you cut back on regulation of an industry. Bankers and stock traders can not be trusted to police themselves. They need to be kept on very short leashes.