I don't hear anyone from either party talking about regulating corporations,
which the Supreme Court has determined are now to be considered as individuals.
Tea Party Republicans want to eliminate or reduce Medicaid and Medicare, denying
medical coverage to the needy and the elderly and yet nothing is mentioned about
buying medications at a bulk rate from drug companies or reducing insurance
companies' greed. Democrats want the debt ceiling raised again, and yet they
refuse to address the fundamental issue: we cannot continue to allow
corporations to pay for our legislators' campaigns and then expect huge
kick-backs in return. Until both parties become financially transparent and
accountable to those who elect them, we will see this congressional mess
escalate year after year.
Obama will announce long-term proposals this week for cutting the federal
deficit, following up on the budget deal he reached with congressional leaders
that averted a government shutdown. Obama will use a scalpel, not a machete and
take a balanced approach. Liberals threaten that afailure to raise the debt
limit will spin us into a second recession. Republican Representative Jeb
Hensarling of Texas emphasized the need for spending cuts over increased
borrowing. At some point, you just got to quit spending money you don't have.
Obama believes a trillion-dollar tax cut for those making more than $250,000 a
year is unacceptable. Upper-income Americans need to contribute to the deficit
reduction in this country. China's (that buys our T-Bonds), decision to keep
its currency weak has caused the government to lose control of inflation and
risks fuelling wage-price gains, billionaire investor George Soros said. While
the policy helped insulate China from the financial crisis in 2008, the world's
second-biggest economy has missed its chance to allow the yuan to appreciate to
@ Chris. If you think "evil" corporations are the problem, why not
teach them a lesson? Don't buy anything a corporation produces! Yes, that's
right get even with them, boycott them all! Give up all your clothing, your
food, except what you produce yourself! No medicines, no cars, no tools, no
electricity-all produced by evil, money grubbing corporations! In the meantime,
ignore the real cause of our national problems,an overeaching, over taxing,
overspending, over controlling national government!
Mr. Bennett, a nice description of the process but kind of weak on how we got so
deep into this mess. I thought you would have some good insight to the problem
since you were sitting in the middle of it for 18 years.
So many different problems that make up the whole mess. Bastiat taught us two
centuries ago the fallacy of us all living at the expense of the other.
Churchill likened it to standing in a bucket, pulling on the handle and thinking
you can lift yourself off the ground. Rahm Emanuel let us know that this was not
about fixing America but political opportunism. Keynes was, is and shall forever
remain wrong. We cannot tax and spend ourselves to prosperity; debt does matter.
We had a near balanced budget after the very aggressive Newt
Gingrich and shenangian loving Bill Clinton left office. In comes George Bush.
We have basically wrecked the car since. Relative to debt Obama is nothing but
Bush 2.0, with a real nasty virus. The virus is dependeny. Bush's motive, not
sure but came across as legacy/profit. Obama seeks a nation dependent on
government. As he famous said during the campaign, "(his) job was to make
government cool again."Now to Senator Bennett. His correctly
discusses the process yet fails to clearly identify the culture, which has been
ruinous since 2000, both parties. There is no desire for solvency, just
No, Senator Bennett, we have to go back further than to 2010 to see how this
mess got started. In the early 2000's the members of the Senate and House
committees, who were supposed to be keeping an eye on the banks and Fannie and
Freddie, were busy instead, running interference for them. These Senators and
Congressmen had to be aware of the junk mortgages that were piling up in these
institutions and would certainly know that the slightest hiccup in the housing
market would start a cascade of defaults and bankruptcy. These fine legislators
even resisted attempts at reforming Fannie and Freddie at the time, saying
"everything's just fine" and "we don't want to over-react".
The key players, who got the ball rolling toward the debt crisis we are faced
with today, were fellows like Chris Dodd, Barney Frank, Chuck Schumer and yes,
I see that despite his shellacking at the polls, Bennett is still toeing the
party line.His history may be accurate, but only as far as it goes.
It really needs to go clear back to Reagan and perhaps even farther.The real villain is Voodoo Economics. Trickle down. Slanted
history is not history at all.
3rd Re-post. The real truth about this federal budget mess, tax cheats. The
Patriot Act's money laundering provisions, where are they today?. The tobacco
industry feared The Patriot Act so Rep. Michael Oxley removed a provision
involving money laundering from the bill at the behest of the White House and
GOP whip Tom DeLay, under pressure from Big Tobacco. More loopholes that allow
qualifying Institutions to still serve as conduits for Tax Evasion that report
nothing to the IRS for collection. Is this fair taxing to the poor and
middleclass ?. It's called money, greed, corruption, above the law, (ignore
us common people unless they need your votes), career politician's who will take
money from any special interest and say or do anything to keep his hold on
power. It's secret government by the insiders, for the insiders only today.
That's for BIG BUSINESS "ONLY" and their deep pocket's. The
underlying dynamic is bought-off congressmen ignoring real social problems and
using the legislative process to construct massive perpetual handouts for their
campaign-contributor sponsors. WHO IN CONGRESS wrote a amendment to add this
"BACK" into The Patriot Act to date?. Tell me.
Don't forget Utah, it was YOUR Bob Bennett that was a spendaholics pork and
earmark junkie in congress, but shhhhhhhh, it's not a secret any more, he got
tossed out. LOL
The budget mess came from a federal government making promises it could not
keep. Some of those promises it never had any intention of keeping.Whenever a federal entitlement program is created, a new constituency becomes
dependent upon it. When the program ends up costing more than was projected (as
is almost always the case), it requires adjustment. But adjustments cause pain,
and if the dependents are a large bloc of voters, it is a rare politician who
finds the courage to make the necessary changes.The only way most
politicians find courage is for the voters to bring them to it. So you get
movements like the tea party.I think we came to see Mr. Bennett as a
lost cause; if he didn't grow a spine in 18 years, it just wasn't going to
Democrats think THEY should be seen as having completely clean-hands in the
recent budget/Gov_Shutdown situation... that it's just REPUBLICANS... keeping
them from passing a budget.Well.... does that pass the
common_sense_test? I don't think so. They didn't pass a single
budget in the 2 years THEY WERE IN CONTROL OF BOTH HOUSES OF CONGRESS. With a
SUPER-MAJORITY (which the Republicans couldn't stop with a vote OR a
filibuster)... So Democrats had the votes to overrule Republican objections
completely... but did they ever pass a budget???The answer is
obviously "NO". So HOW are REPUBLICANS to blame for their inability
to pass a budget???===If they couldn't pass a budget
when THEY HELD ALL THE CARDS... how now do they blame all the problems on just a
few seats being taken by Republicans... or TeaParty people???That
argument just doesn't make sense to me.If Democrats were so good at
passing budgets (and the only problem is Republicans)... what has happening when
Democrats controlled EVERYTHING... and we got no budget???
The problem began when Reagan was President and Tip O'Neil was Speaker of the
House. Taxes were cut dramatically, but spending wasn't, massive deficits
ensued. Fiscal discipline evaporated, with a momentary return under Clinton.I could support a Balanced Budget Amendment, but capping federal taxes
at 18% of GDP is a recipe to send America to third world status. Canada's taxes
are 38% of GDP, Brazil's are 39% of GDP, China's are 17%. China's ascent has
been on the backs of impoverished peasants-become-factory workers. There is no
healthcare, no human rights, no child labor laws, suicides are sky-high.A race to the bottom is exactly what we don't need. Cancer research,
educational opportunities, healthcare for seniors and the poor should all be
areas Americans support, in addition to robust defense. If we can't support
these, we'll slide further to third world status. This isn't what America has
stood for, historically.BBA should allow federal taxes of 25% of GDP
(still well below that of Canada and other western nations, but more competitive
with China and Vietnam). (Other nations with very low taxes: Yemen,
Sudan, Mexico, Burma)
RE: T. Party - 11:08 a.m. Pleasant Grove, UT The budget mess came from a
federal government making promises it could not keep. Some of those promises it
never had any intention of keeping.Whenever a federal entitlement
program is created, a new constituency becomes dependent upon it. Reply: Then why did Bob Bennett and Hatch in Utah invite in all the illegals
on the planet, and open up every federal entitlement program to them then add on
more federal entitlement program;s as well?. hmmmmmmmmmm very interesting ya
chris,If Evil Corporations are the only problem... and the solution
is to punish them by not buying anything from them... Don't be too surprised
when YOUR job goes away (UNLESS you work for the Government).And
don't be shocked or upset, when you kids loose their jobs, and have to come live
in your basement (IF they currently work for corporations).===When are people doing to get it?If you want JOBS... quit
attacking, vilifying, and trying to destroy, the people who can give you
JOBS!If you want JOBS.. quit supporting Socialists, Communists, and
the anti-Capitalists in America!THEY DON'T CARE ABOUT YOUR JOB! All
they care about is THEIR political_dogma... and THEIR political_agenda... and
their life-long wish to FUNDAMENTALLY TRANSFORM AMERICA!===I don't know that things are completely better when you vote for Republicans.
But I think it is COMPLETELY clear what you get when you elect Democrats to
control everything in Washington_DC. Hint... it doesn't result in jobs for YOU
or your children.... just more handouts.===Unless your
dream is that your children can live off Government_handouts... QUIT SUPPORTING
the COMMUNIST and SOCIALIST ideology!
Chilly beat me to it. It goes further back than 2010. I suspect it goes even
further back, to the very day each and every elected official, including
Bennett, stopped being a statesman (if they ever were) and started being a
politician. Washington's farewell address was correct, when he commented on our
government becoming a two party system. The system failed because we elected the
wrong people to office, and kept them there for 18 years and for 28 years. I am
so sick of it all. I am so ashamed and embarrassed to be an American at the
Bob was part of the problem. He was too worried about the next election.
Sen. Bennett:Thank you for the balanced assessment -- they're rare. I
understand that the Federal government can save money by contracting for terms
longer than 12 months, so your proposal of a two-year budget cycle makes perfect
sense.Thank you also for pointing out Congress' role in the process,
as most pundits seem fuzzy on that point, and would rather lay blame at the
President's feet when Congress fails to do its Constitutionally mandated job.I echo other comments here requesting a deeper analysis informed by your
long tenure in the Senate.Keep it up.
As I read through the posts in this thread, I get the impression that the
predominate talking point is partisan bickering. Although, personally, I have a
more centrist view, I find that there does not seem to be much knowledge about
either the gestation of the problem nor workable solutions to the mess.What I see are stock responses depending if the speaker is conservative or
not. Where discussion opens up, the various groups throw mud into the mix to
cause confusion and make understanding impossible. Politicians are not
economists and certainly do not necessarily have the interests of everyone at
heart once they achieve office. In fact, they continue to dance with the one
that brung 'em.The finger pointing gets us nowhere. But the lack of
correct information means that the special interests will win the day because no
one knows exactly is. Conservatives want to reduce government, cut spending,
and decrease taxes, period. Liberals want to maintain government, increase
spending and raise taxes where they believe it necessary. There is no
discussion as to what is reasonable, much less what will actually work. There is
no middle ground, and in the end the people suffer.
The slackers on both sides of the aisle are not doing their jobs and with few
exceptions should be fired at the next opportunity. The problem is that we elect
professional politicians from the 'ruling class' who are in this for the sport
of it. They don't care about or even see the rest of us. It is all a game to
them.They don't worry about how they are breaking the economy
because they a) don't understand economics, b) think they understand economics
better than us, or c) remember that in the great depression most of the ruling
class came out fine despite what the common people suffered.My hope
is that we can break through the party blockade and replace enough of these
players with honest people who will be willing and able to change our direction.
My fear is that nothing can be done until the whole thing collapses in a heap.
But whether the federal spigot is voluntarily shut off or simply runs dry, those
to whom it flows won't easily adapt and violence is likely to follow. There's a
painful road ahead for all of us.
LeFiffre and Gus Talwynd are both shockingly reasonable. Except for those two,
the rest of you sound like you're too partisan and biased to appreciate what's
going on in our country. The problem isn't greed, corporations, Fannie and
Freddie, unions etc. It isn't even politicians like former Senator Bennett.
The problem is us. "We the people of the United States, in
Order to form a more perfect Union, establish Justice, insure domestic
Tranquility, provide for the common defence, promote the general Welfare, and
secure the Blessings of Liberty to ourselves and our Posterity..."
Somewhere we have lost our way. Now, half of us read, "We the people ...
in Order to insure domestic tranquility and promote the general Welfare."
While the other half reads "We the people ... in order to provide for the
common defence and secure the blessings of Liberty." The worst part is,
each half is so busy yelling what they read that they are incapable of hearing
what the other half is reading. Worst of all, every conversation degenerates
into one side or the other seeking for a person to blame. I'm done with
politics. You people are on your own.
Mr. Bennett took an oath of office that told us that he would uphold the
Constitution. Today, he submitted a plan to deviate from that Constitution. He
wants to change the way that the HOUSE conducts its business. Fine. Let him
propose a Constitutional Amendment that changes the way the HOUSE conducts its
business. Until then, the Constitution rules and Mr. Bennett is in opposition
to the Constitution.The HOUSE controls the purse strings. The SENATE votes to ratify the actions of the HOUSE.The PRESIDENT
enforces the law as legislated by Congress.It's clear. It's
precise. It's in the Constitution.It is the Supreme Law of the Land
until it has been changed by amendment. The Constitution has not been amended
to give Congress two years for each budget. Mr. Bennett needs to
get over his idea of how the government should work. He needs to align himself
either as someone who follows the Constitution or as someone who rejects the
Constitution. His actions, during his eighteen years as a Senator,
show that he had little regard for the Constitution that he took an oath to
uphold. His viewpoint is interesting, but not Constitutional.
You cant squeeze blood out of turnip so you either raise taxes on the wealthy or
get rid of medicaid. So what is the right answer? No cheating now.
Mr. Bennett I thank you for the good things you did while in office. I am also
thankful that you are no longer in office to do the bad things that you did.
You certainly have some responsibility for this economic mess in which we find
The federal budget mess is really no different than the budget problems in many
individual household:A lot of people seem to want to live beyond
their means. Individually, this means more expensive homes, cars, electronics,
clothing, vacations, eating out, and other entertainment than a person/family
can afford. It means living at or beyond the family income, not saving for
rainy day, thinking the pay check will always only get bigger, maybe even living
on credit.At the government level, it means spending far more than
we take in, borrowing every single year, and pretending the day of reckoning
will never come. It comes from those who think every good idea or good work
should and must be undertaken by the government. It means trying to guarantee a
fairly comfortable lifestyle for everyone, regardless of willingness to work.
It means countless social programs. It means too many military expenditures.If a family can't afford to pay for the necessities of life--including
medical care--it has no business spending money on luxuries.If a
nation can't maintain basic constitutional obligations like securing its own
border, time to end world policeman and cut back on social programs.
"You cant squeeze blood out of turnip so you either raise taxes on the
wealthy or get rid of medicaid."How about we raise taxes on the
50% of the population/voters who currently pay ZERO federal income tax? Indeed,
many of them actually get handed a check each year just for filing out their tax
forms. They enjoy a negative tax rate. Let's raise that to zero. Then let's
tax everyone, every voter at least, at some minimum rate, oh say maybe 5 or
10%.Then let's mandate that every vote to increase spending must
also increase--across the board--tax rates so as to pay for the spending.I bet when the so-called "poor" realize that they are going to
have to pay higher taxes to fund every new social program or every budget
increase to their favored program, they will think twice about asking for that
new spending.They might figure out it is better to keep your own
money and spend it as you see fit than it is to let congress take it and spend
it for you.It is time to stop living at others' expense.
We got it the mess because a certain Senator overseeing financial institutions
let them gamble away 5 to 10 Trillion!
We didn't get into this budget mess in one term, nor did just ONE PARTY get us
there. So don't expect just ONE PARTY to get us out... or to be able to do it
in one term.It took ALL OF US to get where we are today... It will
take ALL OF US to get out.The longer we keep fighting each other on
political dogma, rhetoric and ideological_purity... we will continue to get
nowhere.Stoking the flames of Class_warfare, Communism, Socialism
and anti-Capitalism... trying to bring down anyone who has more than you... is
not a solution.Unless we are ALL willing to PAY THE PRICE (and not
just look at the other societal_group, or the other income_bracket, or the other
state, to pay the bill)... we will ALL fail.Until we are ALL
committed to paying the price and doing what it will take to save our country
from bankruptcy... the politicians may as well bicker and argue over which PARTY
gets credit for it... and what group gets to pay... in the end it will fail
unless we are ALL contributing and sacrificing.Solution =
Flat_tax... NO_Deductions... end_tax_immunity for ANY income_bracket.
Term limits, Bob. Take the decision out of the hands of the good ol
boy network in D.C. via a national referendum, and a vast majority of the
problems and the dirty tricks and skewed accounting processes used to fleece
American taxpayers will come to a screetching halt.Bet you're not on
board with that, eh, Bob.