Archive for March, 2011
Many people in various countries around the world are advocating cutting government spending as a means of debt reduction. Yet in quite a few of these countries, it seems unemployment is high. A portion of government spending goes to paying wages to its workers. If we eliminate some government jobs, what effect will this have on these unemployment rates? Can economies recover if unemployment remains high?
Tom Sainz
They’ve already cut taxes and increased the budget deficit… are calling to raise the deficit again by “repealing Obamacare”… and have vowed not to touch Pentagon and Defense spending…. So when are they going to actually start to lower the budget deficit, rather than finding more ways to add to our debt?
American Moderate – I guess they shouldn’t have been promising that then, now should they?
Alva Quesenberry
Their “Pledge to America” only calls for a little over $100 billion in spending cuts.
I do not like to use Liberal sources so for this one I will use a Libertarian one.
“The 48-page document contains more pictures of Republican members of Congress than it does evidence that the GOP is seriously prepared to cut spending.”
“The document immediately notes that the “lack of a credible plan” to tackle the mounting federal debt causes uncertainty for employers and investors. The problem is the GOP leadership doesn’t have a credible plan to address the debt, or at least this document doesn’t offer one.
It disingenuously promises to “cut government spending to pre-stimulus, pre-bailout levels” when in fact it only intends to do so for a small portion of the overall federal budget. The reduction would apply to discretionary, non-security spending, which only accounts for about 15 percent of total federal spending.” The Libertarian Cato Institute.
http://www.cato-at-liberty.org/gops-pledge-to-america/
Roderick Cowdery
That’s what Obama is proposing in his $400 billion dollar, 5-year reduction in spending in light of a $14 trillion debt.
majgross: Actually, Rand Paul was proposing the equivalent of paying $50 per year. Although six times better, it’s still anemic.
Prophet: It IS comming directly out of my pocket!
Lemuel Dennin
I am owing about $12,000 in Private student loan….My question is there any where I can get it reduced and put on a monthly payment plan? I need to pay it off But I cant ay it all at once.Does Private student loans get negotiated for reduction like the credit cards?..I will appreciate Information
Sheri
Thank God for Paul Ryan and the Tea Party Republicans for putting out a budget that will cut at least $4.5 trillion dollars and probably closer to $6 trillion over the next 10 years…how courageous is that? If America is to get out of its crippling debt we will need more of those kinds of ideas and less of obama’s heretofore never seen levels of spending.
Dixie Peon









