Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

RWLake asked:


answers for my question of , “Do we have an actual, detailed plan to resolve the debt stalemate from the Democratic party? With all the answers I have heard about the Democratic party caring about the average working man and future generations , I would have thought some of the Yahoo Answerers would have had some actual examples of specific proposals from Obama on Debt Reduction. Does that mean many are quick to lobe an attack message but have no substance to back it up? Just wondering, :Where are You”?

Daisey Tebow

Objective Thinker asked:


Liberals – Conservatives will NEVER take anything you say seriously about debt reduction unless you admit social programs are out of control and need to be drastically scaled back.

Conservatives – Liberals will NEVER take anything you say seriously about debt reduction unless you admit defense spending is out of control needs to be drastically scaled back.

I see so many people talking about just one side of this while ignoring the other side. It’s intellectually dishonest, not to mention annoying.

Question: Do liberals and conservatives realize this?
Lisa – I asked a question. That’s the point of this site.
It’s sad how many of you are in denial and/or ignorant
Lisa – No, I don’t think you understand the point of Yahoo Answers. I don’t make points. I ask questions. You answer them. It’s not hard (for most people).

Lane Belousson

The pleasure of flesh asked:


The House plans on voting on Speaker John Boehner’s debt limit plan this evening, but with its demise imminent in the Senate, some Senate Republicans are considering getting behind Senate Majority Leader Harry Reid’s alternative plan.

“I voted for cut, cap, and balance,’” Republican Sen. Scott Brown of Massachusetts said today, in reference to the House Republicans’ initial debt limit plan. “I’ll vote for Boehner, and I’ll vote for Reid. I’ve already said that. We need to move our country forward. It’s time.”

Senate Democrats have promised to reject Boehner’s plan, which would only extend the nation’s borrowing authority for another six months. Democrats say it would be unwise to re-create the debate over the debt ceiling and deficit reduction again, just before Christmas.

Reid’s plan would extend borrowing authority at least through 2012. Like Boehner’s plan, it calls for significant spending cuts and doesn’t make any tax increases. Both plans call for a bipartisan commission to come up with longer-term deficit and debt reduction plans.

Brown said his staff is working with Reid’s staff to give the proposed commission more teeth, CBS News Capitol Hill Producer John Nolen reports.

Boehner changes plan to secure Tea Party support
Obama urges action as debt stalemate continues
Special report: America’s debt battle

The moderate Republican also said he appreciated President Obama’s “tone” today, when the president said from the White House that Congress must pass a bill that can get bipartisan support.

“I ‘m looking forward to moving our country forward and having an opportunity to at least to vote on something,” he said.

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Reid plans to move his bill to the Senate floor tonight, after action on Boehner’s bill is completed.

Coming out of a Republican conference meeting this afternoon, GOP Sen. John Thune also suggested Reid’s bill could be modified to win some Republican support.

“I think there are some things that could be done to his bill to make it better, to make it more attractive to Republicans, and if we ever get to that point maybe we’ll get the chance to do that,” he said.

Like Brown, Thune said that the ideas put forward by the proposed bipartisan deficit reduction committee should be binding and enforceable. Thune also reiterated the GOP complaint that Reid’s plan relies on some accounting gimmicks, such as counting money saved from winding down the wars in Iraq and Afghanistan as deficit reduction. He said that most Republicans want the spending cuts to match or exceed the amount that the debt ceiling is raised, and Reid’s plan doesn’t accomplish that yet.

In spite of the GOP concerns, Thune said Democrats and Republicans should be able to work together.

“You don’t want things to drag on forever,” he said. “Most of us believe you just can’t kick this can down the road.”

Jonas Booher

The Ladies Man asked:


While they are continuing to work on big deficit reduction Bill. The House Bill will never pass, because it is not a balanced approach and the Senate said that it is DOA, and the President said that he will veto it. So that leaves us with raising the debt ceiling temporarily while the Gang of 6 Bill is scored by the CBO, and to give it time to be written in legislative language.

Tommie Kapetanos

Barney Frank’s pet Gerbil asked:


Never, in history, has Washington not spent every dime of revenue the second it came in.

Usually they spend it all plus 50%

So why would raising taxes have been different this time?

Does Charlie Brown ever get to kick the football?

Are you tired of being manipulated – or do you like being Charlie Brown?

Rolland Feild

Gophouse Majority asked:


Hess said a “much larger amount” of deficit-reduction measures would be necessary for Moody’s to affirm U.S. ratings with a stable outlook.

In the most recent development in Washington on Tuesday, President Barack Obama supported efforts by a bipartisan group of U.S. senators with a more ambitious budget plan that includes $3.75 trillion in savings over 10 years.

Asked about the ideal size of the deficit-reduction measures, Hess said $4 trillion “could lead us to affirm the rating at Aaa with a stable outlook, if those measures were actually adopted.”
http://old.news.yahoo.com/s/nm/20110719/ts_nm/us_usa_debt_moodys

Todd Likos

Common Sense asked:


5 trillion per year would only cut the debt by a third if you could even believe them.
Say agin. The deficit is 1.7 trillion, not the budget. We are looking at about between 4 -5 trillion next year with the deficit spending.

Craig Similien

Oliver VonTrustfund III asked:


Will that enhance the government’s ability to pay down the debt, or will the reduction in revenue caused by reduced economic activity hamstring the government’s ability to pay down the debt?

Carter Kincheloe

Susie asked:


I already tried Thomas.gov and couldn’t find what I was looking for.

I want to read the two new deficit reduction/ debt ceiling bills being debated in Congress this week.

I also tried Googling it, and found news stories about it but no link to the text of the bills.

I asked this once before, but got only answers from people who said to look on Thomas.gov. I already said in my question that I couldn’t find it there.

Carmen Candela

i know it all asked:


here is mine

allow the govt to borrow money for 3 more weeks and in that time the budget must be balanced with spending cuts only by cutting unimportant programs like foreign aid, national parks, money for the arts and so on. plus a 40% reduction in the federal workforce in all departments including the IRS

Wanda Theesfeld