Obama's Speech to School Kids

[Alceste]

Balance the budget, and make some tax cuts.

Which is more important? Balancing the budget, OR making some tax cuts?

Think of the US debt as a personal loan, and tax dollars as the monthly payments. If your personal loan is a million bucks at 5 % interest, you have to pay $50,000 a year just to cover the interest, and more than that if you want to pay off the debt. If you want to pay less than $50,000 (cut taxes), your debt just gets bigger and bigger no matter how much you pay, and eventually you need to declare bankruptcy (economic collapse).

So, you have to pick: you can't choose both. You can reduce your monthly payments (tax cuts), or you can pay off your debt (balance the budget).

The US is on the hook for 11 trillion dollars - with interest, most of which was racked up by Bush's magic combination of tax cuts for the rich and an uninhibited military spending frenzy. Your share is $38,000. Your share of the interest is $1209 so far in this year alone.

If you think it's unfair that you're already $38,000 in debt and paying $1500 a year in interest, be careful not to vote for any republicans when you turn 18. Bush increased the national debt by 50% in his term.

 

[Dirty Penguin]

Hmm... that method of spreading the wealth around sounds ok, but I still think that we need to get back to the basics. Balance the budget, and make some tax cuts.

Cut taxes. Ok. Wouldn't hurt but if we cut taxes but continue the spending then Obama is no better than the previous president(s).

You can cut taxes by seeing which drain we're currently pouring our money into. I'm quite sure it's just a start to cutting taxes but IMO it's a good place to start.

 

[Alceste]

You can cut taxes by seeing which drain we're currently pouring our money into. I'm quite sure it's just a start to cutting taxes but IMO it's a good place to start.

* cough * Iraq * cough *

 

[shortfade2]

Which is more important? Balancing the budget, OR making some tax cuts?

Think of the US debt as a personal loan, and tax dollars as the monthly payments. If your personal loan is a million bucks at 5 % interest, you have to pay $50,000 a year just to cover the interest, and more than that if you want to pay off the debt. If you want to pay less than $50,000 (cut taxes), your debt just gets bigger and bigger no matter how much you pay, and eventually you need to declare bankruptcy (economic collapse).

So, you have to pick: you can't choose both. You can reduce your monthly payments (tax cuts), or you can pay off your debt (balance the budget).

The US is on the hook for 11 trillion dollars - with interest, most of which was racked up by Bush's magic combination of tax cuts for the rich and an uninhibited military spending frenzy. Your share is $38,000. Your share of the interest is $1209 so far in this year alone.

If you think it's unfair that you're already $38,000 in debt and paying $1500 a year in interest, be careful not to vote for any republicans when you turn 18. Bush increased the national debt by 50% in his term.

yes. balancing the budget is a must. Tax cuts are just a "Want to have" Obama needs to stop all of this wasteful apending. What does health care have to do with the economy? spending $900 billion cant help in much. Balance the budget. Start to cut back on governmnet funding to useless things. Then use the leftover taxpayer money to start chipping away at the budget.

 

[Alceste]

yes. balancing the budget is a must. Tax cuts are just a "Want to have" Obama needs to stop all of this wasteful apending. What does health care have to do with the economy? spending $900 billion cant help in much. Balance the budget. Start to cut back on governmnet funding to useless things. Then use the leftover taxpayer money to start chipping away at the budget.

So you'd like the US out of Iraq and Afghanistan then?

 

[Autodidact]

If you think it's unfair that you're already $38,000 in debt and paying $1500 a year in interest, be careful not to vote for any republicans when you turn 18. Bush increased the national debt by 50% in his term.

Actually, he turned a surplus, remember surpluses? into a deficit. That's right, he took a + and turned into a record-setting minus. In addition, we got nothing for it. No health care, no environmental protection, no education, nothing. He just took it and gave it to Haliburton et al.How can we avoid this in future? *hint* What party was Bush and the majority of Congress at the time?

 

[Alceste]

Actually, he turned a surplus, remember surpluses? into a deficit. That's right, he took a + and turned into a record-setting minus. In addition, we got nothing for it. No health care, no environmental protection, no education, nothing. He just took it and gave it to Haliburton et al.How can we avoid this in future? *hint* What party was Bush and the majority of Congress at the time?

I have a sad feeling that many Americans are thinking Sarah Palin will sort all that out in 2012. There's nothing to clean up the mess of a crazy, stupid president like an even crazier, stupider president.

 

[Nepenthe]

I have a sad feeling that many Americans are thinking Sarah Palin will sort all that out in 2012. There's nothing to clean up the mess of a crazy, stupid president like an even crazier, stupider president.

She just might do so, but I think she's going to focus on fighting Obama's"death panels"first. Curse you Obama socialist death squads!!!

 

[Dirty Penguin]

Obama needs to stop all of this wasteful apending. What does health care have to do with the economy?

You're kidding right...?

Go and ask a few hard working americans how much (they) pay for insurance per month and then ask them how much their employer contributes. You'd be amazed of the amount that is spent per month combined. Then there are those who carry their own. They're business owners and contractors that pay in full for their insurance every month....then there are those, when needing to file claims, are bogged down with so much paperwork and red tape only to receive a rejection letter from their insurance company denying them coverage and or access to medical care even though they might have been a long time patron. Reform is definitely needed. The problem with us Americans and our love for capitalism...we seem to think these insurance companies need to start policing themselves...and face it...they are a business so they won't let anything affect their bottom line....I mean..ever wonder why their are so many lobbyist trying to keep it the way it is...?

YouTube - Nixon HMOs

Oh....joy.....watch how this liar bats his eyes at the end.....classic case of a liar...just observe the body language....

spending $900 billion cant help in much.

We've already been there with an unnecessary war in a part of the world we had no business being in, fighting a war with people who supposedly had WMDs...but surprise, surprise, surprise.....they NEVER did...but we "stayed the course"....and never "cut and run"...........and now look at us....

Balance the budget. Start to cut back on governmnet funding to useless things. Then use the leftover taxpayer money to start chipping away at the budget.

I like the way this sounds. This is sort of the same advice people are told when they're trying to buy a house and to get the lowest interest rate possible and to boost their overall credit scores....Cut their spending and pay down your debts. The sooner you pay down debts with an effective plan the faster you can get the things you need and the things you want.

 

[shortfade2]

You're kidding right...?

Go and ask a few hard working americans how much (they) pay for insurance per month and then ask them how much their employer contributes. You'd be amazed of the amount that is spent per month combined. Then there are those who carry their own. They're business owners and contractors that pay in full for their insurance every month....then there are those, when needing to file claims, are bogged down with so much paperwork and red tape only to receive a rejection letter from their insurance company denying them coverage and or access to medical care even though they might have been a long time patron. Reform is definitely needed. The problem with us Americans and our love for capitalism...we seem to think these insurance companies need to start policing themselves...and face it...they are a business so they won't let anything affect their bottom line....I mean..ever wonder why their are so many lobbyist trying to keep it the way it is...?

YouTube - Nixon HMOs

Oh....joy.....watch how this liar bats his eyes at the end.....classic case of a liar...just observe the body language....



We've already been there with an unnecessary war in a part of the world we had no business being in, fighting a war with people who supposedly had WMDs...but surprise, surprise, surprise.....they NEVER did...but we "stayed the course"....and never "cut and run"...........and now look at us....



I like the way this sounds. This is sort of the same advice people are told when they're trying to buy a house and to get the lowest interest rate possible and to boost their overall credit scores....Cut their spending and pay down your debts. The sooner you pay down debts with an effective plan the faster you can get the things you need and the things you want.

Yes. But do two wrongs make a right? Does spending $900 billion twice cut the deficit?

Yes. I think that we need to get rid of this debt, and then start focusing on the things that we want.

 

[Engyo]

Yes. I think that we need to get rid of this debt, and then start focusing on the things that we want.

Hi, Shortfade -

One of the problems with this is that if we do nothing then the deficit continues to grow; one of the biggest components (and getting bigger) is healthcare costs. If we make no changes and continue as we have, Medicare/Medicaid goes bankrupt in about 8 years or so.

It's like an older house, with poor insulation, old windows and an inefficient AC system. It costs like blazes to keep the house livable, in energy costs. It will cost a great deal to add more insulation, replace the windows and put in a newer, more efficient AC system, too. But once that is done the operating costs and energy usage will then go down significantly, and it is a far better use of the money than just continuing to pay for way more power than is really necessary. This use of the money is also much more likely to be recovered when the house is sold.

 

[linwood]

Yes. I think that we need to get rid of this debt, and then start focusing on the things that we want.

This had already been done.

How many times do we do the same stupid crap over and over?

 

[shortfade2]

Hi, Shortfade -

One of the problems with this is that if we do nothing then the deficit continues to grow; one of the biggest components (and getting bigger) is healthcare costs. If we make no changes and continue as we have, Medicare/Medicaid goes bankrupt in about 8 years or so.

It's like an older house, with poor insulation, old windows and an inefficient AC system. It costs like blazes to keep the house livable, in energy costs. It will cost a great deal to add more insulation, replace the windows and put in a newer, more efficient AC system, too. But once that is done the operating costs and energy usage will then go down significantly, and it is a far better use of the money than just continuing to pay for way more power than is really necessary. This use of the money is also much more likely to be recovered when the house is sold.

agreed. But before they can just go off spending money like crazy they should try to make the health care plan cost less. I mean he has intentionally spent a LOT of money.

 

[Dirty Penguin]

Yes. But do two wrongs make a right? Does spending $900 billion twice cut the deficit?

Not if you're able to trim the fat off programs that don't work, stop corporate bailouts and limit their tax breaks and get some sort of handle on government spending.

 

[shortfade2]

Not if you're able to trim the fat off programs that don't work, stop corporate bailouts and limit their tax breaks and get some sort of handle on government spending.

its still almost 2 trillion dollars that could have been avoided being spended.

 

[Reverend Rick]

Not if you're able to trim the fat off programs that don't work, stop corporate bailouts and limit their tax breaks and get some sort of handle on government spending.

That is alot of "if's". :help:

 

[Buttons*]

*sigh* Here's the thing... if parents aren't going to parent... someone needs to speak to the kids and tell them to keep their asses in school. If it's Obama, if it's Bush... I don't really care... but it has to happen, and it's obviously not happening thanks to any good parenting....

(At least, those where the kids he was trying to talk to, the kids who don't get that kind of guidance from their parents.)

...BUT if there ARE good parents out there, they would probably let their kids listen to Obama's speech, and then tell them to make sure they think for themselves about what has been said. Does it make sense? Are there objections? Can we actually TALK to our kids instead of sheilding them?

 

[Dirty Penguin]

That is alot of "if's". :help:

Only one if there.....Part of the problem is some in Washington seem to be less interested in changing the way things are because if they truly are or were we'd have some sort of coherent plan in place.

Can you post a link to a republican plan for health-care reform cause I'm feeling the crunch. I have health insurance and I have Aflac cause I know my standard health-care will screw me over if I or my wife are hospitalized long term. I feel the crunch because my life insurance has to cover my home and any debt I have in order for my wife not to suffer if and when I die...and vice versa.....Oh....and to top it off I work for a school system so you know I'm not rolling in money......

 

[Reverend Rick]

Only one if there.....Part of the problem is some in Washington seem to be less interested in changing the way things are because if they truly are or were we'd have some sort of coherent plan in place.

Can you post a link to a republican plan for health-care reform cause I'm feeling the crunch. I have health insurance and I have Aflac cause I know my standard health-care will screw me over if I or my wife are hospitalized long term. I feel the crunch because my life insurance has to cover my home and any debt I have in order for my wife not to suffer if and when I die...and vice versa.....Oh....and to top it off I work for a school system so you know I'm not rolling in money......

http://www.cbsnews.com/htdocs/pdf/GOPHealthPlan_061709.pdf?tag=contentMain;contentBody

 

[Dirty Penguin]

http://www.cbsnews.com/htdocs/pdf/GOPHealthPlan_061709.pdf?tag=contentMain;contentBody

So what are we all fighting about because the first thing I notice is that this plan says they're currently working with the president. Not that they agree or will agree 100%. And their plan (at least they seem to have one now because McCain and Palin were clueless).....seems to not be that much different than Obama's...or may republicans have used his administration's ideas as a spring board with some slight differences....

The Obama Plan: Stability & Security for all Americans | The White House

Thanks for the links. I will try to see a side by side comparison..