Posted on 06/27/2010 3:16:01 PM PDT by jessduntno
The Prime Minister last night defiantly rejected U.S. criticism of the decision of Britain to tackle deficits with massive cuts and tax rises. David Cameron heightened tensions with President Barack Obama over spending cuts by calling for all major economies to take 'unavoidable' belt-tightening steps as quickly as possible. As the pair prepared to meet for the first time on the world stage, the Prime Minister went out of his way to point out that Britain had demonstrated with this week's emergency Budget that 'we will start to live within our means'
He said all G20 countries had to 'start by setting out our plans for getting our national finances under control'.
He said Canada, the summit host nation, knew the importance of speedy action having embarked on a 'tough and successful' programme of spending cuts to get debt down in the 1990s.
President Obama, by contrast, has warned of the dangers of withdrawing expensive fiscal stimulus measures too quickly. Mr Obama sent a letter last week warning that removing the massive government stimulus spending too quickly could represent a repeat of the disastrous mistakes of the 1930s that prolonged the Great Depression. But Canadian Prime Minister Stephen Harper sent out his own letter urging establishment of firm deficit reduction goals.
(Excerpt) Read more at dailymail.co.uk ...
Read more: http://www.dailymail.co.uk/news/worldnews/article-1289545/New-kid-block-Cameron-highlights-G8-tensions-Obama-spending.html#ixzz0s5teTSZu
obama is arrogant on world stage, oh no, engaging in unilateral action
Not only “arrogant”....but....showing what a POS he is to the rest of the free world....
YEAH! for Harper — he’s ma man!
I am not sure if Obama believes his own propaganda or if he’s simply trying to destroy America.
Obama is on national TV right now preaching to the world how to solve deficit problems. Idiocy knows no bounds.
I-N-C-O-M-P-E-T-E-N-T
Britain, along with Germany, France and Japan have all unveiled deficit-cutting plans - largely ignoring Mr Obama's call for stimulus spending.
See what happens when the White House forgets to extend a set of CDs as a gift?
Oh, my....glad it’s such a beautiful day here and we don’t have the TV on for the “one”....kinda hope he keeps talking though and showing his utter ignorance to the world.
Obama needs to study the great depression, cutting government spending had absolute nothing to do with the the prolonged depression, seeing as thats pretty much the only thing they didn’t try, and were in fact working most strongly against. lol
FDR spend, taxed, and regulated more money then anyone had ever spend, taxed, or regulated before and the effect was a prolonged depression.
Obama’s example was funny in that it tells people to do the same thing that was done before creating the very problem he warns them would result if they didn’t do it.
Perhaps he simply thinks “the socialist take over is not wide and compete enough to work.”
This of course goes against rational thought but there is very little about socialization reasoning(or lack there of) that is rational.
Help! help!! The President has gone Mad!
I really don’t believe Obama is looking past his administration. “Do whatever works best right now so I look as good as possible and damn what happens after I leave office” As if whatever economic damage is done will just further the real cause down the road.
Get ready for the market to plunge.
Its been a longtime coming. all Obama has done is spend trillions staving it off.
The rest of the west is fixing to cinch their belts.
I sense the following presidents will have a lot to blame on Obama. Of course this will never end, as no president can take responsibility ever again as they will simply be able to blame their predecessor.
Thomas Jefferson was right one generation has no right to impose upon anther, and therefore should not be allowed to incur anymore dept then they can pay within their time.
That means we need a balanced budget amendment, one that disowns dept still owed after ~20 years.
Perhaps a better idea would be to abolish the idea of a Public dept all together and instead divided up the dept immediately among the population into individual accounts.
We would then tax accordingly. Then upon anyone’s death the money still owed on their behalf would be taken out of their estate, the same with private dept.
With modern computers this should be possible. and one of the benefits of this would be to help keep the population aware of the cost of their politician’s actions.
This president is a stunning embarrassment to America. Where in hells bells did he come from? Gotta be from another planet or manufactured out of thin air. Isn’t this unbelievable?
I remember reading one of Michael Moore’s books a couple of years ago for a laugh. He seemed to gloat at the idea of Conservative’s promoting balanced budgets and fiscal responsibility as something that was beyond the imagination of the poor, ignorant masses. Event for him, I thought this was breathtakingly hypocritical. He didn’t seem to care, or at least, was willing to ignore the fact that just because ordinary people don’t know or care about the long-term consequences of constantly spending more money than you have coming in, doesn’t make those consequences any less real, or make it any less of a duty for public servants to try and tackle, even if it makes them less popular at the ballot box...
I remember reading one of Michael Moore’s books a couple of years ago for a laugh. He seemed to gloat at the idea of Conservative’s promoting balanced budgets and fiscal responsibility as something that was beyond the imagination of the poor, ignorant masses. Event for him, I thought this was breathtakingly hypocritical. He didn’t seem to care, or at least, was willing to ignore the fact that just because ordinary people don’t know or care about the long-term consequences of constantly spending more money than you have coming in, doesn’t make those consequences any less real, or make it any less of a duty for public servants to try and tackle, even if it makes them less popular at the ballot box...
'German export successes reflect the high competitiveness and innovation strength of our companies,' German Chancellor Angela Merkel said in an interview published in The Wall Street Journal.
'Artificially reducing Germany's competitiveness would be of no use to anyone.'
See my tagline...
He acts more like this will be the last administration.
b-b-b-b-but I thought the libs were tired of America dictating to the world how to behave. They were sick of “cowboy politics” and Obama was gonna work WITH the world.....
I’d rather have cowboy politics than gangster politics.
He’s fast becoming the joke of not just America, but the whole world, too bad its a dangerous joke.
Yea the more I think about it the more I like the idea of abolishing the idea of the public dept and simply dividing up the dept per person and treating the matter like that.
After all its suppose to be a government OF the people right?
Well the people should individually hold the dept.
How would this work?
well simple imagine we are fighting a war for our survival as a country.
Well the war fighters would be earning their part and perhaps a little more in fighting , the dead beats that don’t volunteer would either have to earn their part in working to supply the efforts directly or indirectly(like normal economy sustaining).
In the end the defense of our country is the responsibility of every member in it equally and separately, and so the cost would be distributed individually.
The other benefit of this plan is the aforementioned exposure of the people to the true cost of their government and the more fair distribution of that cost.
The other benefit is getting people to personalizes the cost of tyranny of the majority and thus helping to motivate more people to protect the minority rights.
To that end many of the Government’s cost will probably be shifted over to a more user-fee based system.
Heh heh heh...
“Obama sent a letter last week warning that removing the massive government stimulus spending too quickly could represent a repeat of the disastrous mistakes of the 1930s that prolonged the Great Depression.”
From previous FR post:
FDR’s Raw Deal Exposed
Chicago Sun-Times ^ | 9.30.03 | Thomas Roeser
Posted on Saturday, August 30, 2003 11:59:46 AM by Cathryn Crawford
“For 70 years there has been a holy creed—spread by academia until accepted by media and most Americans—that Franklin D. Roosevelt cured the Great Depression. That belief spurred the growth of modern liberalism; conservatives are still on the defensive where modern historians are concerned.
“Not so anymore when the facts are considered. Now a scholar at the libertarian Cato Institute has demonstrated that (a) not only did Roosevelt not end the Depression, but (b) by incompetent measures, he prolonged it.
..
Throughout the New Deal period, median unemployment was 17.2 percent. Joblessness never dipped below 14 percent,
...the New Deal made it more expensive to hire people, adding to unemployment by concocting the National Industrial Recovery Act, which created some 700 cartels with codes mandating above-market wages. It made things worse, ‘’by doubling taxes, making it more expensive for employers to hire people, making it harder for entrepreneurs to raise capital, demonizing employers, destroying food . . . breaking up the strongest banks, forcing up the cost of living, channeling welfare away from the poorest people and enacting labor laws that hit poor African Americans especially hard,’’
http://www.freerepublic.com/focus/f-news/973318/posts
I like your idea of making the cost of everything more visible and tangible to individual citizens, although I don’t agree with your categorization of everyone who doesn’t join the armed forces as ‘deadbeats’. Not everyone is able to or temperamentally suited to join the military, but that doesn’t automatically make them worthy of such a disrespectful term...
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