Posted on 07/24/2011 12:53:32 PM PDT by Nachum
He wouldn’t answer the questions. All he did was filibuster and demagogue. He is vile and despicable.
I remember when they touted “The Boy who cried Wolf” as brilliant and the only one who could save the US economy.
“The Boy who cried Wolf” is not only a tax cheat, but is an habitual liar stuck on stupid. =.=
He said 40% of the people need Government check and those Fortunate ones better pay more taxes.
One hard working group pays for adoption of 40% of the people?
That is not a safety net but a decency class.
Remember, only HALF of those are SENIORS who PRE_PAID for 50 years - and who still have $100+ taken out each month for medicare, have a yearly deductible, 20% co-pay and office visits aren't covered - all of which the other half, leeching off Social Security money, get FREE. No deductions, no co-pays, AND free counseling.
When they talk cuts to SS, THAT is where they should be looking.
And WE should make this distinction about the 'Two halves" every time Social Security is mentioned.
BINGO
While this may be true, nobody should imagine that it will be a small thing if the federal government suddenly ceases putting 125 billion dollars per month into the economy.
Regardless of one's attitude toward the Department of Education, the FDA, or my favorite shut-down target, the BATFE, it is most certainly the case that shutting down these agencies all on the same day will require an economic adjustment.
Are there any businesses in the U.S. who will not consider cutting back their expenses and employment by at least 5% if such spending ceases? Assuming that the US GDP is 15 trillion dollars, then the spending cuts amount to one-tenth of that amount.
Which companies on the NYSE will be able to maintain their present profitability, or any profitability, if they must suddenly adjust to a 10% revenue cut? If the profits are going to disappear completely, what will happen to stock prices?
I fear that this whole effort will not end well no matter what is decided over the next several weeks.
Me too.
Btw= How would this effect all the for profit prisons, which are the real reason for BATF.
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