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Old 02-25-2009, 10:45 PM   #23
Slingin Sammy 33
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Join Date: Feb 2007
Location: Virginia Beach
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Re: Obama's Joint Session of Congress Speech

Quote:
Originally Posted by djnemo65 View Post
Hey Schneed, this article does a pretty good job of at least beginning to chart the funding mechanisms for the President's various proposals. http://www.nytimes.com/2009/02/26/us...budget.html?hp
When our national debt is over $10 Trillion it's not the time for new(or expanded) social programs and bailouts.

U.S. National Debt Clock

Halving the deficit still means the national debt increases by over $ 500B / yr. SS, Medicare and interest on the national debt eat up over 50% of the U.S. budget. If Obama and the Dems want to leave a legacy and truly change the U.S., they need to stop the wasteful spending, overhaul the tax code, overhaul SS & Medicare, pass a balanced budget ammendment, and any tax increases should be used to pay down the national debt.

Before the lefties yell, what about Bush, Bush increased this and left Obama with that, I'm just stating what needs to be done, not placing blame on any party. The Dems have almost complete control of the Gov't. They have the ability to do the right things.
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