A Budget We Can Believe In

Discussion in 'Politics' started by KenH, Jan 27, 2009.

  1. KenH

    KenH
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    To​
    [FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]: President Barack Obama [/FONT][/FONT]​


    [FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]
    [/FONT]
    [/FONT]From[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]: Robert Bixby, William Galston, Ron Haskins, Julia Isaacs, Maya MacGuineas, Will Marshall, Pietro Nivola, Rudolph Penner, Robert Reischauer, Alice Rivlin, Isabel Sawhill, Eugene Steuerle [/FONT][/FONT]

    [FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]

    [/FONT]
    [/FONT]
    Subject​
    [FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]: A Budget We Can Believe In [/FONT][/FONT]​


    Date[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]: January 27, 2009 [/FONT][/FONT]


    [FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]
    Your first budget will be a defining document. It will cast the basic mold of your administration, highlight your key priorities, and specify how you are going to deliver on your most important campaign promises or modify them in light of new developments. The decisions you make in shaping this budget will be among the most consequential of your tenure. ​

    In our view, the overriding imperative for your first budget is to strike a judicious balance between America’s short-term and long-term economic needs. To accomplish this, that budget must be strategic as well as tactical. The steps you take to address our short-term problems must not make it harder to achieve our long-term goals. Indeed, they should set the stage both for steady economic growth and a sustainable fiscal future. To be a truly transformative president, you must not allow the urgency of the short-term to crowd out concern for the country’s long-term wellbeing. ​

    As you have noted, the key short-term challenges are: ​

    • stabilizing America’s financial markets to ensure an ample and affordable supply of credit, which is the lifeblood of our economy; and
    • reducing the severity and duration of the current recession and getting Americans back to work. ​

    At the same time, your budget must set in motion measures that deal with two critical long-term challenges to America’s economic health: ​

    • controlling the growth of health costs and putting Social Security on a financially sustainable path.
    • reforming America’s tax system to make it more efficient, fairer and simpler and to raise adequate revenue while maintaining economic growth. ​

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  2. targus

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    The budget really doesn't mean much when you can spend a trillion dollars that we don't have on a bunch of pork and pet socialist progams and then slap a "Stimulus" label on it.

    BTW - with all the threads that you are starting it kind of looks like you are spamming the board.
     
  3. KenH

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    BTW, at this point in the day of all of the threads that have a post in the past 24 hours, 10 of them have been started by Pastor Mitchell, only 5 by me.

    I have no problem with Pastor Mitchell starting that many. They are on different topics, as are mine. I am not aware of a thread starting limit on this board. I don't think that starting 5 threads over 24 hours is excessive.

    But, thank you for revealing your feelings toward me by making that stupid remark. It has been noted...and noted well, my friend. Yes, noted quite well.
     
  4. Bro. Curtis

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    .....Mine is a genuine compromise. So let's look at how the vote came out, shall we? Fifty-three percent of voters in this country -- we'll say, for the sake of this proposal, 53% of Americans -- voted for Obama. Forty-six percent voted for Senator McCain, and 1% voted for wackos. Let's give the remaining 1% to President Obama, so let's say that 54% voted for President Obama and 46% voted for Senator McCain. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009, $540 billion of the one trillion will be spent on infrastructure as defined by President Obama and the Democrats. The remaining $460 billion, or 46% that voted for Senator McCain, will be directed towards tax cuts, as determined by me.

    These tax cuts will consist primarily of capital gains tax cuts and corporate tax rate cuts. So Obama gets $540 billion to spend his way. The other people of this country who did not vote for his way get $460 billion spent the way they would like it spent. This is bipartisanship! This is how bipartisanship really works. Okay, Obama wins by a 54-46 majority, so he gets 54% of the trillion bucks. Spend it his way. We get 46% of the trillion bucks to spend our way, and then we compare. Then we see which stimulus actually works and works the fastest, and I will guarantee you that if this plan is adopted, just the announcement that $460 billion will go toward paying for tax cuts, capital gains, and corporate tax rates -- we could throw in some personal income tax rate reduction in order to make sure that the voters don't think it's all about helping the big guys. But we need jobs, do we not?

    Who hires people? Businesses! Businesses need tax cuts. The US corporate tax rate is obscene. It is the highest of all industrialized nations. It's 35%. Cut it. Cut it in half. Make the capital gains rate go away for three months, and then get out of the way to see what happens on Wall Street. And once Wall Street starts ticking up 500 points a day, you watch what happens to the rest of the private sector. It will follow right along. This would ensure a bipartisan compromise bill, as Democrats have said that they're always about. It would satisfy the American people's wishes, as polls currently note; and it would also serve as a test, going forward, as to which approach best stimulates the growth of jobs -- and it can be measured side by side. It could be determined where the new jobs are coming from.

    And if President Obama would merely say -- if he would merely say -- that he will take this proposal under serious consideration, we would then see the reaction from the financial markets, which tend to be a barometer of the economy going forward. That is, if President Obama said that he thought this compromise proposal was worth his time to look at, the markets could react to that, just the way they did when President Clinton announced that he had reached agreement in principle with Republicans to balance the budget in the nineties. The market reacted positively to that news. Not to a formal bill signing, but to the news. If we have learned anything in recent months, the financial markets more than ever look to Washington for direction. ....


    http://www.rushlimbaugh.com/home/daily/site_012609/content/01125108.guest.html

     
  5. SBCPreacher

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    Bro. Curtis,
    As much as I think this is right on the money, it will NEVER happen! It should happen, but it won't.
     
  6. Bro. Curtis

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    Liberals are prejudiced towards Limbaugh. I don't appreciate him calling my guy a wacko, but he has shown himself, several times, to be a finance expert.
     
  7. KenH

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    Rush Limbaugh is one of the main advocates of the Bush administration, the adminstration that caused this economic mess. Limbaugh has no credibility left in this area whatsoever.

    Limbaugh panders to fat cats and cares nothing for the middle and working class folks.
     
  8. Bro. Curtis

    Bro. Curtis
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    You are speaking out of ignorance. Limbaugh did not support Bush's bailout. He has not supported Bush's spineless outreach for a long time. You can only say what you said if you either don't know, or don't care about the truth.
     
  9. Bro. Curtis

    Bro. Curtis
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    All the richest areas of America are blue state democrat voting blocks. Again,either yer ignorance, or yer blatant dishonesty is showing.
     
  10. KenH

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    I am speaking the truth. You just can't admit the truth about your hero - Rush Limbaugh.
     
  11. Bro. Curtis

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    Then prove it. Show me Rush's support of Bush's recent economic policies. Should be easy to find. And leave the childish insults out, if you can.
     
    #11 Bro. Curtis, Jan 27, 2009
    Last edited by a moderator: Jan 27, 2009
  12. Revmitchell

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    Aside from the marxist rhetoric you are wrong about Rush on Bush's economic policies He has given hard time on these at every turn. no conservative has or does support Bush's economic policies. Not the spending policies anyway. We do however support the tax cutting policies as does Rush. But only his spending policies have worked to get us in trouble. To many entitlement programs destroy economies.
     
  13. SBCPreacher

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    Seems Bro. Curtis struck a nerve.
     
  14. Martin Luther

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    None of these are possible. To maintain growth vast amounts of money must be borrowed by the government or individuals. Budgetary restraint in at the end of a fiat system is a death blow. Not that we shouldn't pull the plug on it, we must get back to the gold standard to fix the problem for real. Most people do not understand that money does not exist until it is borrowed. To repay debts is to shrink the money supply and devalue assets. Americans have no idea how globalization has brought the economy to a halt. If you can’t' afford to buy it made in America, then you can't afford it. There is no question that we were tricked, the government knew where globalization would take us, broke, in debt, in need of help. Prepare for economic devastation in 2009 as there is no real fix in sight.

    Maybe pastors should use church funds to help its members get out of debt. I have heard of one church doing this, I guess they help one member at a time until they are debt free.
     
    #14 Martin Luther, Jan 27, 2009
    Last edited by a moderator: Jan 27, 2009
  15. KenH

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    I happened to make the mistake of listening to Rush Limbaugh for about 15 minutes today(probably haven't heard him for that long in almost 2 years) while I going to get pizza. So I was "treated" to his blathering of nonsense.

    I should have listened to a bluegrass CD. The listening time would have been much, much better spent doing so. :)
     
  16. Bro. Curtis

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    And you can't back up your false accusations, so you disparage. You lose.
     
  17. rbell

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    come on guys...give Ken a break. He'll change his mind in a week or so... :D
     
  18. targus

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    Ok, with that admission that you do not actually know what Rush Limbaugh "advocates" or who he "panders" to since you don't listen to the show...

    Ken, it is time to put down the leftist/liberal/socialist/democrat kool-aid and engage your mind.

    Your "feelings" are no substitute for knowledge and critical thinking skills.
     
  19. John Toppass

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    Bro. Curtis,

    You are soooooo right about the economic woes that befall us.

    The liberals will continue to lie about the real problems and their followers will continue to blindly follow with their hands out. They will blame everyone but the ones responsible, they are full of an unGodly hate for freedom and rights of people.
     
  20. Pastor Larry

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    The mess was caused by Congress as well, and by the Clinton administration who started this. Bush actually tried to regulate the mortgage stuff and he was rebuffed. Again, we see that you are simply making stuff up.

    Furthermore, the few times I heard Rush (since I am usually listening to Jim Rome if anything), he was very negative about Bush in many areas. So again we see that you are simply making stuff up.

    He is responsible for more middle class and working class jobs than you are. He actually hires people and pays them. You simply whine.
     

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