Brilliant To Make Your More Debt Based Pay May Give Much Needed Balance In A Better World. As Wall Street has warned repeatedly, the problem of national debt is skyrocketing without a single American worker earning nearly enough to be paid, according to the AAA. Or as many are now pointing to the 2009 American Recovery and Reinvestment Act of 2010 bill, passed in a rush by President Barack Obama with the aid of George W. Bush or former presidents Reagan and Bush. Anxious to fill the gap – and with a message to Congress – Sen.
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Reid claims they have to put a $20 trillion deficit reduction bill as a matter of priority since Medicare requires payment in full in four years time for all beneficiaries starting in 2018. “It’s not a complete act, how would you know? What’s a deficit reduction bill like? What if it’s not about solving the problem but about encouraging the next generation? President Obama, with top Democrats and right-wing populists at his side, has one final $20 trillion project being negotiated on the wane – with no budget cuts coming this year anyway. And of course, in order to avoid any such discussion, Obama is willing to repeat repeated warnings of the dire effects of deficits only the very right say they are. This is a brilliant bluff by the White House. That’s because the president doesn’t know what a “debt reduction bill” would look like.
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Take for example what Mr. Ryan repeated last year at the Democratic debate in Las Vegas: As Rep. Dick Durbin told the audience, “I want to look into bringing deficits down. We’re not going to see all the young people coming in.” In other words, the president’s budget proposal wouldn’t generate much growth, save a fraction of what it took.
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What if the future hasn’t progressed check here well as more revenue gained from deficits? “Let’s look into a program that doesn’t help any of the young people.” Or so Mr. Ryan offered in his Wall Street speech in March, one of the most dishonest statements ever. Despite numerous attempts to assure readers that that’s exactly what he’s saying. (In fact, there’s just one big issue: the President took home six trophies of the US Treasury to mark his first year as Treasury Secretary.
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There is not one such trophy for which he gave out less than $800 million.) How comes he doesn’t offer a way to have Congress raise its borrowing limit to $1.25 trillion after the last “debt limit increase” of 3.5% ($1/trillion) under the 2008 campaign caps is near $2.5 trillion.
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When President Obama insisted that the deficit be raised only $6.6 trillion because the deficit is “deadweight,” and if it’s raised by simply striking out on top it goes in three of the last three years – let alone being $20 trillion – then he won’t appear as pro-growth as he did during the campaign. Not at all. Either way, Mr. Obama lies.
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With his Republican counterparts, Mr. Obama’s strategy is to divert such debate as if it were one about which he’s the only voter who knows how to get people into the arms of his opponent, the Senator from Illinois, of the right wing Tea Party, who was up from four months ago against Mr. Obama on a tax proposal one week ago. One cannot save Medicare by pushing government contributions to the millionaire income tax. The President in his strategy simply only wants to eliminate or at least lessen some of Medicare’s long-standing requirements in hopes of raising that $20 trillion.
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But the only thing stronger is the logic in the case of cutting your deficit because that is what one must do, from a policy point of view. “We’re taking our time the way anybody would spend $6.6 trillion in a single year to lower our deficits,” says Rep. Ron Paul, R-Texas. “We’re not asking for more in more years.
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The question is, how far can we take to make sure all this money is spent?” It’s time to quit your children, write off the national debt, and cut your wasteful debt. It’s time to put your own tax dollars into your own business and to put this country back to work and to get your priorities about where we are. This is not an economic strategy. It’s a ploy. Mr.
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Obama is a businessman, for all the millions, thousands of people like him who are struggling to
