With 2015 budget request, Obama will call for an end to era of austerity


#1

An era of austerity? When, during his two terms, he will have doubled the Federal Debt?

Who is he kidding???

From the Washington Post:

With the 2015 budget request, Obama will call for an end to the era of austerity that has dogged much of his presidency and to his efforts to find common ground with Republicans. Instead, the president will focus on pumping new cash into job training, early-childhood education and other programs aimed at bolstering the middle class, providing Democrats with a policy blueprint heading into the midterm elections.

Let’s put this in overall context:

Austerity? Really???


#2

If this is his idea of austerity, I’d hate to see his definition of “spending like money grows on trees.” :eek:


#3

Oh Mark, why are you so racist?

:wink:


#4

Austerity??? Is this a joke? I have lived in austerity. This writer has no idea what the word means. Look to Greece. When people who need money from the government do not get it because it does not exist, then we will know austerity. What the president is proposing will lead to such grave austerity in the future, inflating our debt bubble until it pops. Then the real austerity will begin by force of economics. If we are to protect and help the poor, we must think beyond the poor of today and understand that ten years from now, twenty years from now, there will still be those in need. They will have no help if we spend foolishly today.


#5

nothing wrong with job training…all the able bodied americans on food stamps that are able to physically do this should receive this…it would help them GET OFF food stamps. This does not apply to those who need them due to disability or age.


#6

President Obama’s budget will be a powerful statement of Democratic principles,” Senate Majority Leader Harry M. Reid (D-Nev.) said in a statement.

Yes, bankruptcy! :rolleyes:


#7

Calling it “public debt” is a slap in the face to the people. We did not incur it; it’s all on account of the government’s inability to balance its budget and go hogwild spending beyond its means, to say nothing of the Federal Reserve (which is anything but federal) printing money out of thin air and loaning it into circulation. Then there’s the issue of usury and taxpayer-funded bailouts for “too big to fail” banks. Put simply, engineered economic collapse.


#8

Who do you think voted the people who incurred the debt into office?


#9

Democrats! :smiley:


#10

I don’t recall the people voting the Federal Reserve into existence and they, along with the government and the banks, are responsible for creating the national debt. Politicians make all sorts of campaign promises which they have no intention of keeping. Anyone who’s awake realizes that the POTUS candidates are predetermined ahead of time and only give the American people the illusion of choice between two political aisles which are joined at the hip. Think about it, why are there just two primary candidates?


#11

The people voted for those who created the Fed.

Now, if you wasn’t to talk about the Uniparty, we can do so. But the fact of the matter is that the Uniparty couldn’t exist if people didn’t vote for them…consistently.

(You’re new here, otherwise you might remember me screaming about Tweedle Dee versus Tweedle Dum during the last POTUS election cycle…and getting roundly reproved by my fellow posters here for that characterization)


#12

Greece isn’t an example of austerity either. Greece only slowed their rate of growth of spending. They never cut a dime. And even then, they rioted over that.


#13

So, if I have ten credit cards maxed out from spending like crazy, roll the debt into only 5 new credit cards, does this equal an austerity plan? :smiley:


#14

People should stop insulting Tweedle Dee and Tweedle Dum. They are intelectual icons compaired to current American politicians. :rolleyes:


#15

A total joke. The Fed is continuing to print money to a tune of almost $4 trillion so far and at 3-4% interest is really sticking it to the taxpayer. And what is the economy getting for it?

Something like that. It’s like someone borrowing lots of money and does nothing with it. He can purchase, employ, build, invent, all kinds of things to get a business going. But NO, all he does is pay interest and accumulates debt. Not very smart.


#16

Does an “end to era of austerity” mean Obama will get to take even more vacations?


#17

There hasn’t been a budget passed since 2009. What is the point of trying to submit something that spends even more than those that were rejected?


#18

Real austerity will begin when the Chinese stop buying our bonds. So far it is still in their interest to keep their people busy selling goods to the US. If they actually develop internal markets and choose to accept the pain of destroying their best customer, they might try it. Excessive debt is only a problem when you can’t borrow enough to pay your bills–then it is a big problem. Ask the Greeks about that.


#19

That’s the other thing. Seems like budgets are now on a 10-yr basis. There’s no way either side can offer a budget that can get balanced in one year. Of course they’re going to assume greater revenues in the later years but they can’t agree how they’re going to do it.


#20

We had better start learning Mandarin. Just like the Soviet Union fell from overspending on military, the Chinese are employing the same tactic to own the United States.


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