[Libloather]

And voters should only support candidates who unequivocally agree to stop squandering our children’s future.

Ain't gonna happen. If it feels good, they'll do it.

[samtheman]

On this subject, Bush is part of the problem, not part of the solution.

[Flavius]

totally ludicrous article

everyone knows we can all eat china supplied arificially flavored cake

[rb22982]

Ain't gonna happen. If it feels good, they'll do it.

Yep. SS & Medicare are two of the biggest abominations ever created by our country. It should have been a private system right from the start (but then again, that wouldn't have kept the people dependent on the state)

[BipolarBob]

Fortunately there is an alternative. Move to another country. Yes moving to the country within South Dakota to Montana, you too can avoid these nasty vexing tax problems. Here’s where I’m going
http://www.foxnews.com/story/0,2933,317548,00.html

[Oldexpat]

I haven’t watched the MSM Evening News in years..but last night I happened to see Katie for a few minutes.
They did a piece on the famous”earmarks”..with Pres. Bush and ended the piece showing an Air Force warehouse full of unneeded purchases and said the Air Force was the worst spender. It seemed to blame earmarks on the Air Force and not Congress.
The people aren’t up in arms because our MSM “watchdog” media won’t do their job and make news out of this out-right curruption of “earmarks”..nor will they tell the public the truth about our Federal, State and local govt spending and insolvency.
Just look at CA..the press was blaming the Republicans for blocking the CA budget in Aug. They were more than right..CA is broke..busted.

[Wolfie]

And voters should only support candidates who unequivocally agree to stop squandering our children’s future.

Sorry, I'm not voting for Ron Paul.

[ROTB]

We will only vote for “front runners” who can “win”. We fear the judgment of men, should we vote for someone who won’t win.

See my tagline ...

[verity]

I agree with you.

This is a matter of political will. However, the electorate will punish anyone who attempts to correct the situation.

[purpleraine]

Individual and state problem. Cal spends $10 bill a year on services for illegals and has a $14 bill deficit.

[aroundabout]

"Our national stock is dropping. The value of the U.S. dollar has depreciated against almost every other major foreign currency. Anybody who believes that the federal government can continue to spend billions of dollars it doesn’t have is living in a fool’s paradise. Congress is already using the Social Security surplus to pay government operating expenses and “repaying” it with a bunch of IOUs. Of the aforementioned benefit deficit of $53 trillion, $34 trillion is owed for Medicare alone. Seven short years ago, the country’s entire entitlement shortfall stood at $20 trillion."

Just another alarmist piece aimed at the uninformed hand wringers. The dollar has been far lower then it is today. Back in the 1970's under the guidance of Jimmah Cahtah the dollar was in such bad shape that the French would not even accept them in payment for services used by American tourists, who were stranded there for a period of time while things were worked out. Back then about 25-30% of the entire worlds reserves were in dollars versus about 65% now. The dollar is and shall be the currency of last resort for as far into the future as one cares to look. If and when the sh*t truly hits the fan on this tired old planet, you will see a surge in the dollars value unprecedented in history as traders dump other more vulnerable currencies for the safety of the USA backed currency.

[TCats]

“And voters should only support candidates who unequivocally agree to stop squandering our children’s future.”

And just who might those candidates be?? Let’s face it, as far as spending goes there is little if any difference between the parties or the candidates. From where I sit we are on our own.Our leaders (Of all persuasions) are interested in their own interests - Or, after being elected, very soon adopt that philosophy.

[hermgem]

Just three years ago G.W.Bush tried to address this Social Security problem by:
a) guaranteeing seniors their social security and
b) allow privatizing future recipients social security payroll deductions.
Loud howling from the Dem's and most of all from AARP the Dem’s best friend and true interest group.
We are looking towards degrade Social Security into a welfare program, where the income poor, and that is those who pay the least, are the only ones that receive Social Security.
Dem's will profit as there will be more poor ones which infallibly are true Dem voters.

[AmericaUnited]

$34 trillion is owed for Medicare alone

Just wait till we get a full-blown socialized medical system. That will be chump-change.

[backtothestreets]

"Ain't gonna happen. If it feels good, they'll do it."

It may have felt good at one time, but my gut instincts tell me that's not the case anymore. I believe everyone in government knows the dire financial straights our nation is in, and they have decided it is a helpless situation they are fearful to tackle. I believe most Americans have a sense of how bad the situation is too.

The government created the mess. Congress cannot stop spending, therefore it cannot stop borrowing. If it did, the whole nation would soon learn what the federal government knows, but is fearful to admit. Without the government spending there is no segment of American society that can sustain the economy under current circumstances. Millions of people would find themselves out of work.

Americans cannot provide an economic replacement to the lost government spending if it ended. Too many Americans are already in a financial quagmire of debt.

American industries cannot provide an economic replacement if government spending suddenly ended as a large number of factories have been moved to other countries.

The nation has been stripped bare of any public segment that could support a sound economy. As a nation, we are up the creek, not only without a paddle, but without so much as a log to cling to.

We are living in a time of a false economy. If not for the government borrowing vast sums of money to be spent on every conceivable project, the truth of our financial straights would be painfully obvious to all immediately. Even the entitlements are no longer geared to assist retirees, but to get money into the hands of people that will spend it immediately to help mask the precarious situation.

[outofstyle]

each American household owes $455,000 for these entitlements

And that is before we get the bill for the gifts under Hillary's "holiday tree."

[Kevmo]

bmflr

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According to Intrade, the winner of the December 12th GOP debate was... Duncan Hunter.
http://www.freerepublic.com/focus/f-news/1938773/posts

[qam1]

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.  

[mek1959]

Thank you FDR Ping - way to sink the country! I can’t believe we still revere him and his socialist tendency buddies.

[Plains Drifter]

I will give anyone in this room the candidate of their choice for President. I don’t care who it is, that person when elected President will not be able to clean this mess up. This system of government is broken. It needs to be scrapped.

[Blake#1]

To really study what each American owes, you should then study what each American owns. If you make a list of items that the American government owns and divide it by the number of citizens (what you did with debt)each American would get $1,750,000. I’ll take the difference! I might end up part owner of an aircraft carrier.