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To: RJA_ who wrote (76434)	7/16/2011 11:00:18 PM
From: skinowski	3 Recommendations Respond to of 218155

Our government can't continue spending close to two dollars for every one they collect in taxes. Without cuts on the expense side our credit will be dead anyway... and eventually the dollar too. I think the R's have to agree to an increase in taxes -- but in return, Obama must blink... and agree to major cuts in expenses. He is afraid that touching the holy cows will cost him the reelection, and maybe it will, but if he is as straight an arrow as he says he is, he must take a chance and do the right thing. Raising rates on 250K+ earners will not even begin to solve the problem. 18 months later and and 2.5 trillion dollars deeper in the hole, we'll be in the same crapper.

To: RJA_ who wrote (76434)	7/16/2011 11:58:41 PM
From: Hawkmoon	1 Recommendation Read Replies (2) \| Respond to of 218155

There will be a deal. The question is whether the "R's" will cave in and grant Obama a sufficiently large enough debt cap to where he doesn't have to come back to Congress for another adjustment before the elections in 2012. I hope not.. I think the "R's" are smart to say that they are going to assert their power over the gov't purse strings and keep this President on a short leash. The power to tax and spend that taxpayer money is the political currency of both the Democrats and Republicans. It's got to come to a halt somewhere and priorities readjusted. When the Gov't spends money to stimulate the economy, it should primarily be to focused on spending that nets a long-term ROI for the entire economy. There are many advances in material science, alternative fuels/energy sources (which provide baseload power or replace oil imports), as well as utilizing and exploiting outer space (power, new materials from zero gravity manufacturing, and maybe even harvesting a resource rich asteroid). But most importantly, when the gov't spends money it should be about creating new jobs, and training it's citizens to fill them. We need to recapture our national vision and pursue the future we wish to create. We need energy independence to enhance our national security and buffer us from the disruptions from other economies. We need new and more efficient infrastructure to enhance our productivity. And we need reciprocity in our trade and immigration relations. And we need to get away from turning our financial system into an un(der)regulated casino that only rewards short-term speculation to the detriment of long-term investment. Hawk