NOONE'S GOING TO PUSH GRANDMA OVER THE FISCAL CLIFF!!!

VOTE OBAMA/BIDEN . . TAX CORPORATIONS AND THE RICH . . Its MY TIME . . YOU PAY FOR ME!!!!

HandsOffMyMedicare!!

You already posted that below. That's called spamming, and if you're a grandmother, I am Mighty Mouse.

My mom's 80 and loves Ryans plan; so do I, and I'll bet your I pod against my cane that you're not over 30 and are male.

Of course, I don't suppose it was the IMF's punitive interest rates on their loans that is crippling these countries.

Nope, female (and I only look like I'm 30)

actually apolitical too, I am just very disgusted w current direction of things!! : )

We must keep Obama in office. I was planning on quitting my job and living off the government teat like all of my neighbors. I am sick of working and paying their bills.

The IMF should know,, they're partially responsible for this mess.

Watching Obama stump yesterday, raising money, again. All he does is work at being a comedian. The guy really is in the wrong career. He has no skills to help our nation. At some point, his followers have to realize he provides no answers or solutions.

Spend a few hundred million to save Wall Street and AIG and it's OK because you all call that Capitalism. Spend less than that on poor people and that is not OK and you call that Socialism.

Anybody who uses the words "communism" and "socialism" is a "Boomer". No wonder we want tot take our country back to the future.

What else can you expect with communism taking hold in the United States ?

I thought that socialism was taking root in the US? I love how people throw around these "ism"s without really knowing what they are and the differences between them.

Handsoffmymedicare, what kind of shotgun is that in your hand?

Harry Reid made it perfectly clear that Congress will do nothing regaring the fiscal cliff before the election, so bipartisanship is off the table.

My prediction: If Romney wins, the lame duck Congress will pass some really heavy trade restrictions and regulations that President Obama wants and Congress will stay deadlocked on the fiscal cliff issues as it will cripple the incoming Romney administration. If Obama wins I think we'll see some quick work in DC and the fiscal cliff will be avoided (for now). Next year Congress will want to kick the can down the street- We'll get a chance to see if leadership shows up and attempts to deal with it.

out of the woods

What else can you expect with communism taking hold in the United States ?

You already posted that below. That's called spamming, and if you're a grandmother, I am Mighty Mouse.

My mom's 80 and loves Ryans plan; so do I, and I'll bet your I pod against my cane that you're not over 30 and are male.

Please do us all a favor and go BACK INTO THE WOODS and stop your negative assault against anyone that has a view different than yours.

But before you go, enlighten us with documentation of the Communist Policies we have implemented in the USA...

I’m rather tired of all of them playing chicken with our lives and yes, that includes obama. I would love to see Romney/Ryan in and everyone else out – replaced by people who have business and people sense.

tell me,

what colour is the sky on your planet?

I'm not a Democrat, or a Republican any longer either, but I think we need to bring more Dems into the mix, so the GOP will get off their high horse and stop standing in the way of getting SOMETHING done. The GOP/TP are so afraid that Obama might look successful that they would thow the economy in the dumper and destroy the US in the process.

I am sick and tired of hearing how the right is going to "FIX" things, when they got us here in the first place. Romney/Ryan are NOT the answer, cooperation is. Whoever ends up in the WhiteHouse and in charge of the Congress needs to DO SOMETHING and stop playing POLITICS!!!

Adding additional tax breaks for the wealthy is NOT going to more than deepen the hole we are sliding into! "Trickle Down" economics does NOT work. It's been tried three times and has failed three times. That is what we can look forward to under Romney/Ryan. At least we are headed in the right direction now, even if it is painfully slow, but it is the right direction.

does anyone not believe what is happening; we have pumped 16 trillion into the worlds economy, no improvement, at home we have real UN employment at 16%, underemployment another 14%, part time workers counted as full time, welfare rolls expanding over 40%, foreclosures rising again, core inflation now at a alarming rate(been to the grocery store lately), health care cost this year alone up 10%; yet the Washington crowd seems not concerned; heaven only knows what will wake them up, corporate earnings in the tank; folks we are heading to a very large cliff at a high rate of speed and no brakes on the car; this madness can not continue if we are to survive as a Nation.

Lie much in the article?

Somebody is making money. It is an economy.

JoeNY====Leadership? Well, you can wait on that forever with this administration and you will never see it. Another 4 years for this and we will be looking for Germany to bail us out. The IMF has the right to see things they way they are and we, the United States, have found out that you can not buy your way out of a debt problem. Spending more money will do nothing more than cost the next generations their futures.

We need jobs, jobs and more jobs!!! That sound familiar, wait Obama said that is what he would do if elected, go after a jobs market but instead we got Obama-Care another bill and/or tax to pay. I would say a tax because the IRS is envolved in the collection process and they were created for collecting the taxes.

Yes, economic life under President Obama has just been so horrible....as the Dow has dropped from 13000 to 7000.....oops, I got that backwards, didn't I, as that is what the Dow did under GW, not under President Obama!

I find it very odd that the IMF, after forcing other major capitalist nations with huge debt problems to embark on massive austerity measures, which in each case has resulted in massive economic loss, and a tremendous amount of hardship, would now frown on the US cutting less than 10% from our military budget and a cut of similar size from social spending, in order to reduce our budget deficit by less than 20%, on the alleged grounds that doing so might collapse the capitalist world economy?

Obviously the world economy isn't very large if a cut of $200 billion can collapse it, considering that the level of IMF-imposed austerity cuts in just Europe and Africa over the last 4 years has been a dozen times that large.

Sorry, I am not about to vote to keep our defense spending at major wartime levels when the Iraq war is over. I think that our defense budget could easily be cut by 1/3rd without compromising our ability to defend our own hemisphere and our treaty obligations too. Moreover, I am not about to give back hard-won cuts in defense spending unless those same heavy cuts in social spending are rescinded too, which would leave us back at square #1, too afraid to do anything to reduce our deficit, but at least all of the whining, blaming, and finger-pointing would then not have a leg to continue to stand on either!

Mind you I am totally in-favor of restoring the Clinton-era income and capital gains tax rates to ensure fairness as well as see to it that more wealthy people seek to invest in US-based productive ventures seeking to mitigate those higher income tax rates rather than in foreign ventures which low income tax rates encourages instead now. I would even be in-favor of restoring early Reagan-era top tax rates too, which I strongly feel would get America moving again through all kinds of US-based productive investment and even some additional charity spending too. (50% on income and 35% on capital gains).

One thing is for sure: Bailouts for huge bankers, huge corporations, insurance companies, and investment brokers, do not directly benefit Main Street nor middle-class America, most of whom have not substantially benefited from QE this, QE that, and QE the other thing either, and most of whom will not be substantially affected whether or not the promised spending cuts and tax increases take effect in January or not either. No, this "fiscal cliff" stuff only directly affects a small percentage of Americans, the same crowd that has so benefited from quantitative easing and huge bailouts, while the rest of us have largely been left to fend for ourselves.

So no, I am not in favor of rescinding spending cuts and tax increases that would mainly benefit a small crowd, while the needs, hopes, and dreams of the lion's share of us continue to be ignored.

this is the new economy get used to it.....

How is globalization working out for everyone:)

As the rich/poor divide widens, and as the US dollar weakens and the US standard of living starts to head downhill, it will become expedient to blame globalization for the country’s ills. We aren’t there yet, but we will be. Previous administrations and the WTO will be blamed for the shortcomings of globalization.

This will make it increasingly difficult for brands to become international. Are they national? Whose side are they on? Who sits on their boards? These are questions they will be asked more and more.

That is why globalization is failing, and will ultimately fail. It’s just that no one wants to take the blame and be the first to make the call.

We are all bein screwed.

In this louzy economy the US parties for this 2012 election can collect more then 1 BILLION each!!!! That is $2.000.000.000 just for a election

Country going down the tube and yet they can collect 1 BILLION for each party, 1 F*cking BILLION EACH for the Dem's and Lib's. Does this makes sense?

You tell me.

The rich and the lobbyist (companies) that donate this kind of money are so far away from reality they might as well come from an other universe

This is what happens when you have global banks running the show. They overthrow duly elected politicans and replace them with their henchmen (Greece) and dictate who wins and who loses (winners are the bankers) This is why there should be no central bank in charge of our currency. This is all one big Ponzi scheme and the people are the losers, everytime. If the people revolt, they are fought off and the power brokers remain in control. This is not capitalism, this is fascism. No one system is foolproof, however, turning to ever more draconian government (bank) control of governance is the fastest way to peonage and slavery. Communism/socialism is alive and well, and anyone who wants to call it a passe' phraseology relegated to old people is an idiot. Ditto those who ignore corporate cronyism, that is fascism. We are seeing an intresting hybrid developing and it ain't good.

The IMF along with G-7, G-8, and G-20 are nothing more than "financial terrorists" tentacles of the United Nations.

Their main goal: World Redistribution of Wealth. Guess which country is the "prime" supporters for these organizations ? You guessed it......look in your mirror.

It is high time the United States kicked the United Nations OUT OF NYC and send them back to the EuroPIIgs where they belong....that is....AFTER the diplomats pay their parking fines.

Looks like Merkel's vision of the EuroPIIgs is coming to fruition: "One Fiscal Union" and "One Political Union". Standby EuroPIIgs, you are about to lose your sovereignty.

how many jobs do the unemployed create? I would have been OK to let some of the large banks fail, if we let poorly run banks fail, should we have done the same for the auto industry? if we do it for the banks, auto industry; should we do it for those who are unemployed?

read an article that in Europe, the countries that did NOT extend unemployment benefits, had a faster job recovery, hummmm..............

Maybe it's time to look towards Iceland where the people had the upper hand in fixing their problems. Seems politicians have no real answers and would rather just leave with their jobs undone.

I wonder if we will see capitalism die in 2013. The whole world is slowing down economically they say. This was predicted by Karl Marx over one hundred years ago. It has to do with the nature of capitalism as a system, especially the more it is unregulated. There is a tendency for the wealth to freeze up at the top. The big boys sit on their piles of money, and the common people have no money to buy stuff and the businesses close for lack of purchasing. The whole house of cards comes down. So, is everyone ready? Even the Bible predicts it (fall of Babylon).

Atlas, really, please quote the article you read.

You said:

"read an article that in Europe, the countries that did NOT extend unemployment benefits, had a faster job recovery, hummmm."

Youth Unemployment in Europe
By Joerg Bergstermann and Bjoern Hacker

"The most recent Eurostat data – from spring 2012 – paint a stark picture: over 50 per cent youth unemployment in Greece and Spain, over 30 per cent in Bulgaria, Italy, Portugal and Slovakia and a European average of 22 per cent. The danger of a »lost generation« is no longer merely the writing on the wall, but is becoming a terrifying reality."

Your a perfect example of the Republican Democrat blame game crowd. Making up statistics to "support" your political religion.

Europe has crashed they are just looking for a place to fall down.

oops ;)

IMF: Global economic slowdown is getting worse, US must avoid 'fiscal cliff'

Not to worry. I understand Barrack Hussein is going to reassure the world any day now that he is ready to "focus like a laser" on the economy.

Yes, this will be the 374th time he will claim this but the Liberals reassure me that THIS TIME he really, really, really means it.

ROTFLMAO!!!!!

Face it, Barrack Hussein has no clue whatsoever on how to help our economy. As long as the Liberal cabals sacrosanct entitlements and social programs stay in place he doesn't care if they collapse the economy.

This is the result of allowing an inexperienced community organizer, whose biggest accomplishment was writing a couple books about himself, to be elected president based on it being a "historic" event rather than ability.

In nearly 4 years nothing of substance has been done to direct the strongest economy in the new 21st century emerging markets.

No domestic or corporate tax reform. Our corporations still have the highest tax rate in the world. Our personal tax rates are going to be manipulated, ONCE AGAIN, in some hastily contrived manner to appease the convoluted notion of economic and social justice. The massive 72,000 page tax code will be left essentially intact, other than a few "loophole" manipulations. With daily amendments common the code will return to its dysfunctional state within 3-6 months. But the Liberals will be happy because they think the mean, nasty, rich guys will be made to suffer. Their delusions overwhelm them.

No trade policies have been reformed. As a matter of fact they were further expanded to Panama, Colombia and S. Korea. These trade agreements are little better than the others but in a fit of conciliation Democrats and unions demanded more federal spending for Trade Adjustment Assistance (TAA). If these "free-trade" agreements are so "free" why do we need to have a compensatory mechanism in place for displaced workers compensation?

Regulations continue to stifle economic expansion. Now before any of you Liberals start with the "dirty air, dirty water nuclear waste in your childs bedroom" nonsense, STOP! No one wants any of that. What we need are regulations, GOOD REGULATIONS, that are fair and, most importantly, enforced and punished if violated. Our Code of Federal regulations is 144,000 pages long. I guarantee you no one in our government knows what most of them do. Regulations must have a "Sunset Clause" attached to each and every piece of legislation regardless of agency. This will demand that every regulation is reviewed at a given time to assess its effectiveness. It also has to be as sustainable as possible. Otherwise the mass exodus to friendlier havens offshore will continue.

Unions must be industry supportive rather than adversarial. It does no one any good when unsustainable wages, benefits and legacy costs are negotiated and then the industry collapses, outsources or offshores its business. Workers lose and the unions lose as jobs and union dues disappear. Union influence has diminished as most of their accomplishments have been made into laws, the only real purpose for unions today is wages and benefits. These must be industry sensitive and there must be responsibility from the unions when failures begin to appear. Negotiating unsustainable agreements to simply appease the labor force without consideration of its industry effect is no longer an option. The world has 6.7 billion people that are willing and able to work. To stay competitive we must be flexible and willing to adjust as needed.

Our lack of an effective energy policy is costing our economy millions of jobs. Last year we spent over $460 billion on imported foreign oil. This should be an outrage. We have the most resource rich nation in the world, we shouldn't need to import a single BTU of energy. If we can build and send a Rover to mars and have it work perfectly we have the ability to use our own resources in a clean, efficient and affordable manner. Imagine the industries that would be willing to move here if we have a functional energy policy that would save them money for growth and expansion. Our Department of Energy has been consumed by environmentalists who only see trees and bunnies. That's OK, as long as they also see growth and prosperity for our industries. Global emerging markets will not wait for us to get our agencies working in constructive ways.

Finally, the most dangerous issue we have neglected for decades is our education system. This is criminal. We spend more than any nation, other than Switzerland, on education and we rank in the bottom third of all OECD nations in reading, math and science. If we really want to compete in the new 21st century economies and markets we must educate our children. We have to expand visa applications to get qualified professionals to come here and run our businesses. Teachers must become a free-standing entity, not a union slave. Teachers must be employed and advanced on merit, NOT tenure. Our children deserve the best education possible. If they are given a chance and allowed to be competitive they will succeed. If they are distracted with political correctness and convoluted education policies that benefit everyone but them we will wallow in economic mediocrity for decades.

If Big Bird, Sandra Fluke and other people’s taxes are your main concern, you will fail in life.

If your concern is for the structural inadequacies our nation has, we will all succeed.

The decision should be easy.

ROMNEY/RYAN 2012 FOR REAL AMERICANS©

Two of the major key sources of the financial meltdown from 2008 have STILL not been addressed. Investment banks and commercial banks are still BOTH allowed to borrow from the FED, putting our entire financial sector at risk. Financial derivative products (SWAPS, CDOs, etc.) are STILL not regulated in any way. The US government payoff of these instruments saved the banking industry for the WORLD, yet there has been NO regulation of these products.

I want to know WHY there has been no regulation of the products which drove Lehman Bros. and AIG out of business ?

I know that WALL STREET owes its future livelyhood to continuing business as usual, that is why they are putting so much money behind Mitt Romney.

Do we need another major melt down before someone decides that "Too Big to Fail" simply means the bank has grown too big ?

It is pure ridiculous to say that the President of the United States doesn't know how to do something considering he has the finest people that surround him to know what to do in any situation. Obama isn't an island alone in the dealings. This economy canNOT be repaired in less time than it took to bring it down.

dirp

I want to know WHY there has been no regulation of the products which drove Lehman Bros. and AIG out of business ?

You may want to check this article out.

http://money.msn.com/investing/how-obama-failed-to-rein-in-wall-st

ROMNEY/RYAN 2012 FOR REAL AMERICANS©

B707320C

Anybody who uses the words "communism" and "socialism" is a "Boomer".

Sorry, I forgot, the new word for those ideologies is Democrat. My bad.

Posted by Jim Spence:

Our lack of an effective energy policy is costing our economy millions of jobs. Last year we spent over $460 billion on imported foreign oil. This should be an outrage. We have the most resource rich nation in the world, we shouldn't need to import a single BTU of energy.

Jim, perhaps you should read this year-old book largely based on the subject of our energy reserves versus our rate of consumption, written by one of the foremost worldwide authorities on the subject? Start with Chapter #3, as it is the most-exciting part. And, if you don't want to believe him and his organization, then why not wait for the International Energy Agency's World Energy Report for this year, which is published annually in November too? Or maybe consult what oil industry consultant Douglas-Westwood says about the same subject?

All three sources are calling for all oil-based fuels and lubricants to become too-expensive for the masses to afford within 30-40 years, based on a 50% increase in consumption demand in the third world within the next 13-15 years. So what energy reserves are you talking about? The ones directly offshore from Monterey or maybe from our northern East Coast? What makes you think that residents there will readily agree to allow offshore oil drilling there? Heck, out on Cape Cod they aren't even willing to locate power-generation windmills offshore there lest some accident or natural disaster were to dump a few gallons of lubricating oil onto their pristine beaches!

http://www.postcarbon.org/end-of-growth-chapters/

http://www.iea.org/

http://www.worldenergyoutlook.org/

http://www.douglas-westwood.com/

Get real Jim. You obviously don't know what you're talking about!

Christine Lagarde's solution to economic slowdown is for Germany and the U.S. to spend more helping out countries that have been spending too much. They should have kept Dominique Strauss-Kahn.

All the debt is from fake money anyway. Just forgive all debt and start over with better oversight. People aren't kicked out if their homes, businesses stay in business, hang a couple of crooked bankers publicly, problem solved.

obamuh uh uh uh has got to go.

I can't believe how ignorant most of you people sound. You make it seem as if Obama is the sole reason the whole world is in a fiscal crisis. Think about that for a minute, you are blaming one man, a single person, for the economic failure of an entire planet.

Never mind that that the POTUS had taken the reins during the second biggest financial blowout since the great depression and pulled us out of the fall into another depression. Don't think about how the congress, namely the house, had vowed to get him out of office not matter who they hurt (namely you and me) with all their refusals to any bills that would have helped the United States.

Oh, and these are the same people who now want you to vote for Robmehood. They want the power of the office but they don't care about the working people. They have painted a pretty picture for you and you don't even see the aggression behind what they speak. Who will pay for what they want.

And they have no idea what is really the threats to our nation because none of them are privy to Top Secret information and what some of the real dangers are facing us but they love to spout off how much better they would be.. disgusting.

Oh yes, the libetarian silliness that is the dangers of "paper" currency.

Reality check: ANY currency is symbolic for value. Gold is pretty, incorruptable, and rare, but it is not inherently more valuable than paper, sea shells, or anything else, except for the fluctuating symbolic value it is assigned by those who trade in it.

Christine Lagarde's solution to economic slowdown is for Germany and the U.S. to spend more helping out countries that have been spending too much

No it isn't. Her policy, like the Republicans is to starve the patient into wellness. What you see playing out in Europe right now is what would have happened in the US if the Republicans would have had their way.

You need to understand your parties platform before you go running around waving a flag. Obama and Germany are polar opposites on how they handled this mess.

If you really understood what you were talking about and not passing along "foxisms" you would know that Germany did nothing to rescue these countries from the brink. The collapse of the euro and the economy in Europe are the result of those policies.

Hello Alan, you are exactly right! The Powers That Be, Powers That Were are in for a rude awakening. You but need to look at the world to see what is around the corner. Our presstitutes won't cover it but if you go to RT news you will get a dose of reality.

The United States is in line to get our country foreclosed upon, just like what’s happening to the European countries. The entire banking system is corrupt and rigged and the rating agencies are insignificant. Spain is the next Greece. It is just one of the dominoes that is falling as the money junkies move in to buy countries for pennies on the dollar who are involved with the Federal Reserve.

The governing elite of psychopathic bankers/Federal Reserve, Wall Street, corrupt politicians, and powerful mega-corporations create crises, then save us from the crises they created, while accumulating more control, wealth and power. This perpetual swindle has been going on for decades and has reached its zenith. This demented psychology is called Problem – Reaction – Solution. The take over of Europe and the rest of the world’s ecnomies has been planned for a very long time.

It is time to remove and arrest this criminal cabal that has enslaved humanity.

I think most people have figured out that Wall Street is one of the most corrupt and ethically deprived institutions on our planet. I think most people also know the media is bought and sold just like most politicians. We also know that Wall Street is one of many tools of the elite but not the main tool. What is very clear is that our financial system has an architect and carefully designed plan that is playing itself out in Europe.

The International Monetary Fund (IMF) is very brazen in its fear mongering that we have lost a decade economically. Especially since the IMF has been one of the biggest contributors to perpetuating the instability of the European crisis. The dominoes are beginning to fall in what is an orchestrated attempt by the banksters to consolidate Europe and eventually the rest of the world’s economies under one umbrella that is to be controlled by those that have always controlled currency and money. The most egregious aspect of this contrived extortion is that they are blaming the people who are the backbone of any economy instead of their greedy corrupt political and business leaders.

George Papandreou was pressured to quit because he lapsed into a morally and ethical responsible position by trying to give the people of Greece a say in their economic future through a referendum. This vote would have given the Greek people the choice to stay in the Euro zone and allow their country to be foreclosed upon by the banksters or leave the Euro regain their sovereignty and coin their own currency once again. The IMF bullied the smallest country as a litmus test for what is going to be a much more challenging foreclosure process when it comes to the larger economies. Spain and Italy are now in the cross hairs. This dilemma you are watching unfold goes to the core of the rotten apple that is the world’s financial system.

Folks, you are witnessing the death throes of a desperate corrupt financial system where the stock markets and the fractional reserve banking system are at its core. The volatility in the stock markets are a microcosm of the greed, theft and corruption that has perpetrated all aspects of our and other countries economic systems. In the United States, It doesn’t matter who’s in office. Our political system has turned into a two headed one party system with both parties serving their masters, Wall Street and the banksters/Federal Reserve. The stock market is just another ponzi scheme whose intent is to fleece the gullible at the bottom of the pyramid. The stock market is a rogue element of a financial system that is meant to funnel the wealth to the elite/banksters who soicopathically control our financial lives. It is reaching a point where there is nothing more to take from the 99% of the world. The banksters would separate you from your rainy day fund if they could gain access to your shoe box or secret compartment in your purse or wallet. The stock market isn’t the main problem; it’s the fractional reserve banking system that has set the foundation for outright theft. We are experiencing the biggest bank and investment robbery in history and the banks and financial institutions are doing the robbing. When you blame one political party or another they have you right where they want you, in fear, divided and distracted to the theft that is going on right in front of your eyes each and every second of the day.

When you have people on Wall Street day trading and speculating making half a million dollars a year in their twenties betting on people being foreclosed on, you need to ask yourself what is the true purpose of our banking system? At the moment it is largely a theft on the American public. MF Global CEO, ex Goldman Sachs CEO John Corzine knows this and knows that nobody with his connections have served any time for stealing the investor’s money (1.6 billion at last count). The financial system’s main mission should be to allocate capital to areas of greatest growth in the real world economy. Yet they allow all kinds of broker speculation and financial gimmicks such as the derivative markets which are based on non-realistic side bets which are now in the quadrillions. The derivatives market was illegal for most of the 20^th century. The desperation of the banksters is palpable, QE Infinity, 1.4 Quadrillion in derivatives fraud, the HSBC drug laundering fraud, the MF Global fraud, the PFG fraud, the high frequency trading pilfering and stock market fraud, the manipulation of the precious metals and bond market fraud, the MERS mortgage fraud, nearly countless individual frauds from both Goldman Sachs and JP Morgan, and the international 800 trillion LIBOR interest rate fixing banking fraud, just to name but a few recent FRAUDS and breaches of Bankster credibility and trustworthiness.

The European banking crisis is a prime example of what is going to happen to all economies associated with stock market fraud and the Federal Reserve banking system. The financial strife in Greece is the model that will befall most countries. Greece is but a symptom of a cancer that has attached itself to the world’s economies. The Federal Reserve (which is neither federal nor a reserve) has been creating money (monopoly money) out of thin air and charging interest on it insuring a debtor economy for anyone who chooses or is forced to get involved with the Federal Reserve and their fractional reserve banking system. That is why this whole European or any countries current debt crisis will never be resolved and will be preyed upon by the stock market vultures. The Federal Reserve System is designed to cause economies to fail.

If someone loans you two dollars to run your economy and expects three back for the loan and interest how are you going to pay the third back? You can’t unless you borrow more dollars which puts you in perpetual debt and in a constant borrowing cycle to pay off the debt. This is designed not accidental.

Here’s the kicker, once the Federal Reserve/banksters have you struggling to pay off your interest, they send in their loan sharks the International Monetary Fund (IMF). The IMF will loan you money to cover your ever burdening interest payments but they attach a provision that if you default, you will have to give them your assets in what they call privatization (foreclosure).

Since the interest is exponential, you will default and the banksters will come in and try to foreclose on your country, like Greece, Spain’s next. They are being told to sell off their own country to pay back the people who caused the mess to begin with. This allows the elite to steal your intrinsic valuable assets because they gave you paper (loans/debt) and the interest on the debt that is systematically impossible to pay back. This also allows the parasitic stock speculators to profit from this designed theft. They not only know the outcome of an economy, they can gamble on the economic bubbles at the investor’s expense. This cancer goes all the way down the food chain.

In the United States case, it doesn’t have to be that way. In our constitution, in Article 1, Section 8, it stipulates that we can “coin money” as a nation and avoid the Federal Reserve’s interest (fee charged on loans) black hole.

So don’t be fooled that the Europeans can come to grips with their financial debt, it’s impossible, it’s a designed virus that has spread around the globe. The Europeans are now replacing their leaders with technocrats/ex Goldman Sachs banksters. These people haven’t been elected by anybody. The stock market vultures will continue to contrive “financial instruments” (credit default swaps/credit derivatives) to defraud the people of the world.

The Federal reserve at the end of the day, is just another private company and its debts are NOT the debts of America or the American taxpayer. What we are looking at folks, is the demise of the most vile and corrupt institution ever put on Earth

Banks, Central banks, World Bank, BIS, IMF = Federal Reserve = Debtor economies, Debtor Nations (economic slaves) and carrion for the stock market derivative heist.

mj-1451595

Christine Lagarde's solution to economic slowdown is for Germany and the U.S. to spend more helping out countries that have been spending too much

No it isn't. Her policy, like the Republicans is to starve the patient into wellness. What you see playing out in Europe right now is what would have happened in the US if the Republicans would have had their way.

Did the IMF pump more money (via extended credit) into the Greek economy? Yes. I rest my case.

Yes NaughtyMossy, had only McCain/Palin won and installed the author of the Gramm–Leach–Bliley Act as his secretary of the treasury. We would be living in a utopia now with no debt and everyone's pockets overflowing with greenbacks from a trickle-down economic policy that only needed 30 years to realize its full potential.

Nah. Obama covered it by reinstating Geithner, Bernanke, Summers, et al. You sure aren't paying attention.

I think your comment was great txmom32, until the last line. I don't see Romney having businesses reduce their profits and stop campaign contributions, or having Investors taking a hit on their earnings

Txmom32.....

It seemed like you were on the right track until your last sentence. If you want to get Americans working to rebuild America, and you want to responsibly reduce the debt, then Romney is absolutely NOT the candidate to choose in this election. Democrats have historically proven to both balance budgets better and create more jobs when running this country, and your candidate of choice proposes to increase spending, while further decreasing tax revenues. If reducing taxes actually helped create jobs, then we should have a booming economy. Instead, the party he represents blew one of the largest budget surpluses we've ever had and turned it into the 2nd largest financial crisis our country has experienced. It was so large, that it has contributed to global market declines as well. I'd be happy if he decided to cut all taxes on those that make less than $100k a year and keep the higher tax brackets in place, but then again, he has only paid an average of 13.5% taxes over the last decade, so I guess he's benefited handsomely from an already low tax rate. How do you even know that Mitt would help? I have only heard him consistently change his position, depending on the audience he is talking to.

Obama/Biden 2012

dreen....

Agreed. I also don't see why we feel it meets with American values to elect the head of a party that has been the single largest contributor to the global financial crisis, and reward them for failing to compromise. They've already prolonged the recession by failing to work with the President on anything, even if he were to agree to pass their plans, and they have effectively stopped doing what they were elected to do, so they could begin campaigning and take early vacations. No party can escape all blame, but I just don't see why we feel it's right to reward a party for doing nothing to help this economy for the better part of 12 years now. Especially not when they run a candidate for office that has never taken a position on anything other than increasing spending and reducing taxes. I thought Republicans were supposed to be "fiscally conservative." A good business leader would never cut sales revenues and simultaneously increase his operating costs. That is just bad business, and our nation can't afford more Republican economics lessons.

Alan.....

I think you're absolutely right. I had a good friend of mine, that's farmed his entire life, once give me some sage advice on the monetary system. He said, "If you can't eat it, you can't drink it, and you can't f#ck it, then it ain't worth sh~t!!" I don't think truer words have ever been spoken. I often find myself asking what the world would look like if money were worthless? People often fail to grasp that money is a means to an end and not the end itself.

@txmom

When you talk about Americans have to be willing to pay more for American goods, I think many would be willing if they could afford them. Over at least the past decade while executive pay was skyrocketing and hourly wages were stagnant, inflation still went on. Even at low levels it adds up over time. So with stagnant wages and the cost of living going up, people had to cut back somewhere. Give people good paying jobs and many will go back to buying American.

We need Rob-me like we need a another world war. Rob-me and Lyin are are part of the problem not part of the solution. We need politicians with the balls to take a hatchet to the defense budget. The is no valid reason why we spend as much on defense as the rest of the world combined. Fascism did not work in the 1930's and it won't work now no matter what the t-party believes.

Obama/ Biden 2012

You may not like Romney, but we need Romney.

Romney is the last person to bring jobs back from China (considering that Bain companies sent them over there in the first place). Getting companies to bring jobs back to the US is going to require a mix of incentives and disincentives. Romney may like the incentives part, but he has shown no stomach for imposing disincentives (read: higher taxes) on corporations that ship jobs abroad. His attitude of "don't go to college if you can't afford it" also flies in the face of our corporations' need for huge numbers of STEM (science, technology, engineering, math) graduates. Sometimes there really is a role for government, especially when actions benefit society as a whole rather than just a few individuals.

Barry-NJ:

Labor unions are going to have to make concessions if we ever are going to compete globally. On the other side of the coin, CEO pay needs to be tied to company performance. BAIN capital has done more to shore up business capital than Obama has. Here are a few companies BAIN has helped; Sealy, Clear Channel Communication, RJR Nabisco, Staples, Burlington Coat Factory, Gymboree, Dominos. What Romeny and Obama both are not telling us is that seniors need a cap on Medicare spending. 62% of the federal government spending in entitlements and we have way too many seniors going to the doctor and too many doctors milking the system. Cut entitlement spending and lower taxes to give people more discretionary income. These are good first steps.

Robmehood is one of the reasons jobs were shipped overseas... dont you read? He and his cronies that liquidated businesses here and sent that same business overseas, layed off the workers, and took the profits of the same transaction.. Is that what you want? He would bankrupt this country then sell it to the highest bidder.

I don't think Romney is going to do what you think he will do. A center-left second term president (which is what Obama would actually be, despite the over the top silliness coming from right wing media echo-chambers about socialism[!!!!!!!!!!!!!], etc.) is much more likely to push the reforms we need as a country to manage our debt so that we as a country have the flexibility to respond to economic downturns. The old saying applies here: First term presidents focus on setting the stage for running for a second term, second term presidents focus on leaving a legacy.

TxMom...really? Elect Romney so that we can bring jobs back to America? And you wonder why people from other countries call us stupid Americans.

http://www.forbes.com/fdc/welcome_mjx.shtml

Pretty good post txmom...

Where is it written that to save America we cannot control some of the issues that confront everyone...

Labor Unions were great in their first days but make it too expensive for business today...

Healthcare Insurance Co's astronomical costs are of course brought by high medical care costs....

Medical care costs are brought on by 1) GREED 2) misuse of the system and not getting paid by uninsured poor people...

These 3 areas alone if solved efficiently could save about $3T/yr.

Labor Unions must be dissolved and better inspection and penalties for Employers that abuse workers rights and benefits.

Insurance companies and Healthcare Providers (incl. drug Mfg) must be satisfied with profits in the 40-50% range rather than 500-1000%. This would allow more to be insured with lower health costs which would lower the employer costs and aid in hiring.

This is a form of that dreaded and misused word Socialism that benefits all of Society!

TXmom,
I agree with your post up to the point where you say Romney is the answer, he's not. Romney wants to add to the problem by instituting further corporate and wealthy tax breaks. If you noticed, the tax system under Clinton increased the tax burden on big business, evened out the burden paid for speculation and we were actually making headway against inflation and the deficit.
Democrats may like more taxes, but when the wealthy receive tax breaks, they put them in their pockets. You and I don't see any of the "trickle down" that is promised. In fact, the wealthy spent huge sums to relocate to third world countries so they could keep their overhead down, with the assistance of weakened regulations that would have made that virtually impossible in the '90s.

The economy is a victim of the same practices that destroyed the housing industry. Cheap labor, questionable banking practices, and movement of both labor and money overseas.
BP relocated from Houston to the Netherlands so they wouldn't have to live under US safety regulations. By removing themselves from labor accountability and ecological resposibility, they have effectively closed off any potential for the US government to hold them accountable at all. Nearly all US corporations who have done this, could have continued to take a smaller profit margin, and maintained a healthier economy along with keeping Americans working.

Tsk, TXmom actually had it right and let me ask the salient question of those who support Obama. What, exactly, has Obama done to stimulate businesses? Seriously. He proposes taxes, on the rich and business and will give half of the country a 'pass?' That works out real well if you have a government that has a pool of taxes that is increasing, and the converse is happening.

The outdated model of business essentially being the parents for employees is beyond stupid. I hire someone to work for me I essentially take them on to raise. Government mandates that I provide healthcare for them and their families, I pay for half of their insurance (SS and Medicare), I pay unemployment costs should I be so silly as to fire them or have to let them go, I pay local taxes, state taxes, federal taxes and comply with lots and lots of fines and fees for doing business and after all is said and done, I am lucky if I manage to break even, much less show a profit. The Obama model punishes me for being so bold as to attempt to MAKE a profit.

So, diss Romney, but please, show me where Obama's model of tax and spend and grow the government is working.

OK so many of you buy into the BS that the DNC is selling fair enough but, what part the past four years of this administration has instilled confidence in anyone? Small business (no) mid-sized companies (0) Large companies (0) confidence. Wealthy people...they still have all the non-profits that lower their effective tax rate, the Gates foundation is a terrific example of a tax dodge. Bill and Melinda Gates feel they know better than the people of the United States or the Government of the United States so they do what they wish with their money that they have effectively dodged from paying taxes. Off shores aren't really our biggest tax dodge it is the sheer number of Non-profits that do little to nothing to help anyone but the people who set up the non-profit. Another good example, Warren Buffet and the money he set aside for his kids a few weeks back, can leave them a tremendous amount of tax free money for them to be on the board or an Officer of the fund. I am terribly tired of overpaying for goods and services so that corporations and businesses can get a tax deduction for overcharging because they wish to take deductions for donations. I would love to keep more of our hard earned money and donate as I wish and honestly, I don't even need a deduction to do good works. Fix the loopholes.

Do you honestly believe that the majority of unemployed Americans don't wish to work and make a fair wage? I happen to believe that they do wish to work and that they need that dignity as sure as they need food to eat or a home over their heads. These are the folks out of work for so long that unfortunately they are no longer reflected in this administrations unemployment numbers. The hiring that has gone on (not fed jobs) in the past quarter is basic, bare bones hiring and part time going into the holiday season. I predict that if Obama wins the election the retail numbers will be absolutely dismal. If Romney wins then confidence will rise and people will have some fun with the Holidays again. The reason Businesses have no faith in this administration is that they have that whole, you have to pass the legislation to know what is in it mentality. That is a terrible premise even if it is enacted by legislators who feel they have a blank check especially when the legislation they have been dealing with belongs under state pervue.

What concerns me about those of you who don't seem to even understand Romney's basis for taxes is that you must no longer hold hope. Romney has a very successful financial track record. He grew wealth like some grow tomatoes. He ran a state government successfully and believes that other Governors can meet the public trust to run their own states and regain the responsibilities that they have been tasked with via the constitution. Part of running a state government is to entice business to their jurisdiction to employ their citizens. His principle is that he will take steps, to meet Republican and Democrat needs to encourage good law and to task congress with their responsibility of creating favorable legislation and to charge them with eliminating loopholes that no longer serve a purpose. So he wishes to get local and state government back the authority to maintain their own business. He wants to put Congress back to work, who wouldn't like to see that happen, I would.

Also as for Foreign Policy, I am looking forward to that debate because we cannot sustain what we have been doing in economic cost of war or through loss of life and loss of reputation. Will we need a prepared peace time military unit. Of course we will. The date has been announce for the withdrawal of troops from Afghanistan. We can probably expect the same level of success as we did by announcing the withdrawal date in Iraq. In short: we have allies in the area that we need to honor because the Arab spring we supported opened the door for more zealot action and well people are still dying in those countries and we had no business leading a sneak attack from behind against countries that were beginning to cooperate. So how is Obama going to feel when Assad draws Turkey into their discontent. Romney had it right...support the faction that agrees with freedom and democracy and give them the tools to stand and fight because as things are right now there are huge groups of people heading, as refugees, to Turkey. Do we really need to see another refugee situation that would rival the Palestinians?

One more...FIRE Big Bird...let someone else pick up that $300,000,000 a year....hey Mr. Gates or Mr. Buffett big bird needs you and if you want him to he will go to Washington and do all of the lobbying that is hidden behind your non-profits. Mr. Soros how about you help the "cookie monster" oops sorry the "veggie monster" is very adept at propaganda. I'm equal...Koch brothers NPR needs you.

Note how many Obama supporters have chimed in with the information of his financial plan? Nada. Perhaps because, like Obama, they don't have a plan, only demogoguery.

Sadly my girl...There is no indication that he intends to do anything different that he did in the past four years. I think the biggest glaring waste, although there are several, is the money he has burned on green energy that went broke. If a business can go broke with the massive infusion of investment that the US has committed through guaranteed loans then it is an indication that that particular industry cannot compete with the cheaper Chinese products. It could also be an indication that someone cooked the book to allow investors to regain their investment with a tidy profit. Unfortunately, we will probably never know exactly who benefited from that $535,000,000 "investment" in Solyndra or the $2,100,000,000 to the German company Solar Trust of America. Of course there are also billions more, yes with a "B", to a whole host of companies that have gone bankrupt or have debt that exceeds their loan guarantee.

We will probably never know who profited hadnsomely from these funds but it really strike as odd that billions of dollars have gone in to the system and yet the employment numbers have not changed, we are not told what the CEO's of these companies have been paid. We have seen the outside of these building but after they roll up the sidewalk where are the assett investments that should have been sold off to at least cover something for the taxpayers.

For a Congress that has been telling America that they cannot work together to deal with important government business this the Republicans have done nothing but obstruct, this President has sure managed to send billions of dollars to companies that have failed and there is nothing to show for it except for a higher deficit.

Someone really needs to follow the money. The mind-boggling fact is that Despots from around the world have been toppled for less than this.

Domewars....you can't be serious. Mr Hope and Change was going to reach accross the aisle and work with everyone, remember. First day in office, he told Reed and Pelosi to write the stimulus bill. They didn't ask or want any GOP input which turned out to be a good thing because we spent almost a billion dollars for nothing. And Obama sat back and did nothing. The Affordable Care Act, not one GOP idea was considered. And Obama sat back and did nothing. Did Obama listen to Simpson Bowles recommendations? Nope. So exactly when did the Democrats offer to compromise? I must of missed that.

No Republican ideas were considered for the Affordable Care Act? Seriously, do you NOT know the history of the insurance mandate concept, especially with regards to the Heritage Foundation?

Either you are no Rhodes Scholar, or you have serious issues with cognitive disconnect.

The preceding by Avik Roy, who is no supporter of the ACA, or of Obama. But he is intellectually honest enough to know where the individual mandate concept came from. And I think Roy is flat out wrong in his claims about the sincerity of the flat out opposition to the ACA by Republicans. Sure, some of the libertarian types like his fellows at the Manhattan Institute, and the paranoid paleo-cons, opposed it, because they oppose government mandates period (regardless of whether they make sense). However, the broad opposition, and the Heritage Foundations' flip flop, was, for many of them, due to nothing more than it being an initiative proposed by a Democratic President.

The time for the bush tax cuts are now let them expire 2013

I'm for a fixed 15% across the board federal tax rate, no breaks, no loopholes.

We need to reign in all the social programs. I would even go as far as to say we need to even out Medicare.
Someone asked me the other day, why someone making more money pays more into Social Security and Medicare, but only receives the same amount as anyone else when they claim it? It follows that everyone should pay according to what they expect to receive from it.
The tax money that goes into the US government should be according to income, and not how much someone can afford to pay an accountant to keep from paying. Don't worry about the IRS they, are and, can be expanded to be a police force designed to make sure people are living up to obligations.

Harry, I think what you've suggested is very rational and attainable. The key word, in your post, is EVERYONE... This class warfare, when it comes to taxes, is just not working anymore.

You can't get an addict like Congress and US off the addiction IV in one year.

Joanie....Many of Obama's own democrats could not support his outrageous budget. All he has done is throw money at problems and kick the can down the road for someone else to fix. In a time when he should have been worried about jobs and the economy he was wasting time trying fix what wasn't broken and pass Obamacare. All this president has done is make the US a laughing stock that is pushed around by every country big and small. He has placed us at the mercy of China and he openly supports the Muslim Brotherhood. People like you that vote a straight ticket are part of the problem...you think democrat or republican can do no wrong....shame on you. Open your eyes and vote for the candidate that will do the best job. There has never been and never will be a time that a straight ticket is best. The first two years of Obama has shown how badly we need both parties to balance things out so that no party can go as haywire as the first two years of Obama went.

Yeah, but OBL is dead...so you know...that's good..

Is OBL really dead? I believe none of the American public have seen any confirming video.

Can anyone out there help out?

You really have to keep up...

On CNN: Stephanie Cutter admits Mitt Romney $5 trillion attack is false while Obama uses it in Denver.

You know, instead of lying, Obama can always run on his record....

Joe....Where do you think Obama is getting all his money to outspend Romney with. It is not coming from the poor and the middle class could never afford to pay out that much....he is getting it from the rich, you know, the 1%ers. Now, do you think they got rich and stay rich by making bad decisions with their money? No way, they bought and paid for him the first time around and are trying to double down on their investment. Obamacare alone will save the rich millions, if not billions, just by letting them pay a penalty and not carry insurance on their workers, such as the study that was leaked out by IBM on how much they would save by dropping insurance coverage and letting the government pay for it....their penalty was much lower than the cost of insurance. Open your eyes and think, don't just believe what they tell you to believe. There has never been an honest politician.

Mark...FYI

http://www.mittromney.com/issues/tax

Mitt Romneys 5 Trillion dollar tax cut - from HIS own webpage.

Still don't believe it?

I just want to know how he's going to pay for it. Oh, I know by stealing from the middle class.

gogo...

you really should do a better job educating yourself.

Obama donations - less than $200 - 55%, $200-$2,499 - 31%, $2,500+ - 14%

Romney donations - less than $200 - 21%, $200-$2,499 - 31%, $2,500+ - 48%

Go ahead and have another glass of RNC kool-aid.

http://elections.nytimes.com/2012/campaign-finance

gojo-you believe everything fox says?Obama is the first candidate in years that is financing his campaign mainly on small donations from people like me, and Ive only given him 50 bucks.There must be a lot of us that think Romoney is a liar as Obama is approaching a billion dollars in donations.And you can take that to the bank,after all, he is.

Or Greece and the USA can go ahead and do the right thing and default.

No...no, that's not true.. As we have seen from the past 4 years, the Clown is not doing well at all..

That's the Democrats and Obama trying to bankrupt the country.

Look at the year to year spending starting in 2001 and match that to who controlled congress.

It's a rude awakening for those who support Democrats in Congress.

All of the insane spending has been while Democrats control Congress.

The only reason America is not bankrupt now is because the Republicans took over the House in 2010 and slowed down wasting taxpayer money.

Frank
Here's a bit of o formation for you.

Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.

Annualized growth of federal spending:
Reagan '82-85 8.7%
Reagan '86-89 4.9%
Bush I '90-'93 5.4%
Clinton '94-'97 3.2%
Clinton '98-01 3.9%
Bush II '02-'05 7.3%
Bush II '06-'09 8.1%
Obama '10-'13 1.4%

http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/

You might do some research on just who spends what. It's not just who controls Congress, it's policies too and the Republican Presidents have pushed through way too many that cost us a LOT of money. And Romney just wants to add more, including $2 trillion in increased defense spending. Just how do you suppose he plans to pay for it? I listened to him yesterday. He wants to build 15 ships a year including 2 subs. I think we have a lot of problems and building the military isn't any solution to them.

No one will be working next year when Obama bankrupts the country. The 47% will be SOL because the government can't send you what they don't have.

Community organizer or financial genius. Yes it is a hard decide who has the skills to fix the economy!

All those on welfare that want to vote for Obama so they can get another raise needs to consider the fact that when the nation is bankrupt and no one is working and paying into the tax base, where is their free ride going to come from?

Wow, I'm at a loss with this string.

Question; where are you getting your information? "FOX" R Us?

The employment rate is significantly different from what you are spouting. By the way, it's down from 10% to just over 8%. Even if many of those are part time, temporary positions. With most of our jobs overseas, circa 2003-07, it's not surprising that it's taking longer to employ people.

Fred....Reagan's trickle down economics did work and that is what Clinton rode through his presidency on. More people working and the tax base grew, not the taxes per family, which in turn made the economy boom. In fact, things were going fine and Clinton signed the Free Trade Agreement which sent many of our manufacturing jobs over seas and to Mexico. Then Clinton mandated that Fanny Mae approve questionable loans and that started the whole housing bubble. Electing anyone other than Obama is the only chance we have. Obama has wasted time passing socialized medicine, which has scared big industries and small businesses into not growing or hiring anyone because no one knows how much it will cost. Obama can outspend Romney on the campaign trail because of all the money he is getting from the 1%ers because releasing them from having to pay for medical coverage on their employees will save them billions by only paying the penalty and letting the government (tax payers) pay the rest. Many independent analysts have already said that Obamacare will cost as much as three times what Obama predicted and that money will come from the middle class. If Obama gets back in I believe that you will see greater unrest in this country and around the world. All those in this country that are on welfare will not get their freebies when the country is bankrupt and no one is working to pay into the system.

what I find funny is why the libs have a problem with "classes". There is always going to be people with more money, who cares. If someone works their ass off and has a huge bank account, why does he need to spread his wealth? Go out and make it happen yourselves. That is like saying one team can't win the world series, because they were better than the other. THINK ABOUT IT!

LOL! Excellent analogy. The IMF is one of the biggest scams going.