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Debt Crisis Still Not Comprehended

January 21, 2013

Sen. Joe Manchin spent much of last week traveling through West Virginia, discussing challenges facing our state and nation with his constituents....

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oldsteelmaker

Jan-21-13 11:15 PM

Impact, you are an idiot. I partially blame the lousy job most schools do nowdays, but still, I have to come back to my Father's phrase, ignorance can be cured, stupid is forever.

How can anyone with a brain claim the government does anything better than the private sector? These are the people that are spending a Trillion dollars more a year than they have, and see nothing wrong with it!!!

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WVEXPAT

Jan-21-13 6:31 PM

"How do we pay off the trillions of debt that Bush left for all of us to pay?"

Agreed the worst part of Bush's legacy is his deficit spending, but Obama has spent in 8 years what Obama has in 4 years!! So you need to amend your statement to include that fact!!

And OSM is correct, growth is the best way out of this mess. Taking more money out of the private sector will only lead to more govt. Our govt has grown to unsustainable proportions as is and there isn't enough income available to tax our way out of it!!

How much money do you thinking taxing stock transactions would generate??

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WVEXPAT

Jan-21-13 6:27 PM

"American business has made the largest profits since Obama has become President."

The biggest chunk of these profits are to Wall Street courtesy of Obama & The Fed's fiscal policies. Debasing the dollar and artificially low interest rates mean higher food & fuel prices for hard working Americans. The "printing" of money to maintain our spending habit hurts senior and lower incomes most!!

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wvhoopie

Jan-21-13 3:02 PM

American business has made the largest profits since Obama has become President. The unpaid for war in Iraq and Afghanistan, the unpaid for RX Medicare plan and the unpaid for tax cuts over the past decade now need paid for. How do we pay off the trillions of debt that Bush left for all of us to pay? We need a tax on all stock purchases to pay that bill. To force cuts in Medicare and social security is wrong. Those recipients did not create this huge bill. Taxing future stock purchases would be more appropriate.

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impact

Jan-21-13 2:39 PM

Oldsteelmaker, you are a relic. Big business has aslready proven that they cannot be trusted. It's like a fourteen year old bou out on the town without adult supervision.

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oldsteelmaker

Jan-21-13 2:06 PM

I find most of the really good newspaper articles are in the British press. Go to the Telegraph.co.uk and search for Japan in the finance section. It's good reading if you want to see what is coming for us. Pretty scary too.

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oldsteelmaker

Jan-21-13 2:01 PM

If you're old enough you remember how we were told to copy Japan, since they knew what worked. Heard about Japan lately? They have been in the same shape we are, but it's been since the 90s. They are further down the same road obie and his merry band are taking us, and the picture is not encouraging. They also are trying to "prime the pump" with "stimulus". Only they are trying for at least the sixth time.

The only way to get things working is to get out of the way and let businesses grow. New businesses mean more income and payroll tax, and lower welfare rolls.

But that means less meddling and control for Washington, and we can't have that. The fact they will have more money to squander isn't as important as the power that regulation gives them.

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