Wall Street briefly cuts losses on Obama briefing

Reuters ^ | 11/14/12

[Jean S]

NEW YORK (Reuters) - Stocks briefly trimmed losses on Wednesday as President Barack Obama pushed for his proposal to have the wealthy pay more in taxes as a way to tame the federal deficit.

Taking a hard line in his opening bid before he begins fiscal talks with U.S. lawmakers later in the week, the president also said he was encouraged that some Republicans have agreed to raising new revenues.

[KantianBurke]

“Raising taxes will not tame the deficit.”

Neither will cutting the State Dept budget or the NEA or other such nonsense. You know damn well that the biggest items in the budget are SS, Medicare and Medicaid. Don’t like the deficit? You need to deal with the entitlements. What’s your solution?

[Jim Robinson]

What is my solution?

Obvious. Go back to the constitution.

Do a constitutional audit on the federal government. Shutter, repeal, overturn, abolish, privatize and or return to the states and the people each and every federal department, agency, commission, program, edict, act, law, regulation, court decision, etc, that is not explicitly enumerated and delegated to the federal government by the constitution.

ObamaCare repealed. Dodd Frank Repealed. The EPA, the TSA, the ATF and hundreds of other such unconstitutional fascist federal agencies shuttered and closed for good. The federal government is not authorized by the constitution to be involved in health, education, welfare, housing, mortgages, banking, farming, industry, business, transportation, drugs, alcohol, tobacco, firearms, retirement insurance, health insurance, mortgage insurance, banking insurance or any insurance or social programs whatsoever. Shut it all down, privatize it or return it to the states and the people, and that includes social security and medicare and any and all other such entitlements.

Repeal the 16th and 17th amendments, abolish the income tax and the IRS and fully restore the ninth and tenth amendments and restore the balance of powers between the states, the people and their representatives at the federal level.

The sooner the above is tackled and accomplished the sooner we save our nation.

It’s what’s going to have to happen after the coming collapse anyway should we somehow escape being taken over by some communist country.

Start by immediately declaring as unconstitutional and repealing ObamaCare, Dodd Frank and any and all socialist crap put in recently by the usurping Marxist and his socialist democrat cabal. We obviously do not need any of that crap. If the supreme court can’t or won’t do it, form a coalition of governors and state governments to refuse to allow their states to go along with it or to be coerced or extorted by the feds. The states should refuse to accept any unconstitutional funds whatsoever from the federal government. Start working on privatizing and phasing out social security and medicare. And shuttering the EPA, etc. Don’t need it and it’s killing us. Then start on the constitutional amendments to repeal the 16th and 17th.

[KantianBurke]

Your solution to reforming the entitlement mess is to eliminate most portions of the Federal government? With all due respect, repealing all of that would be a drop in the bucket. If you're truly concerned over the deficit then address how to solve SS, Medicare & Medicaid.

[HiTech RedNeck]

Why not both/and, rather than either/or

[KantianBurke]

Reducing the Federal government does zippo towards eliminating the deficit and paying down the debt. The budget busters are SS, Medicare and Medicaid. To claim that otherwise is in my opinion either done out of ignorance or malpractice.

[HiTech RedNeck]

Why not both/and, I repeat. Too much of the bureaucratic mass is dedicated to foolish things that suppress the prosperity of the country.

[HiTech RedNeck]

... and that’s why I disagree that “it does zippo.” You’re thinking about direct costs only, what is being paid to those droids. Not the damage they do!

[Jim Robinson]

I said, privatize and phase out Social Security and Medicare/Medicaid, etc. Stop the hemorrhaging. Abolish the unconstitutional regulatory agencies that are crippling our economy and bankrupting our industries. Promote growth, employment and prosperity. Open up America to drill, baby, drill, frack, baby, frack, mine, baby, mine, produce, baby, produce. A rising economy raises all boats.