Comments on: A Tale Of Two Budgets http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/ The latest Politics news and blog posts from ABC News contributors and bloggers including Jake Tapper, George Stephanopoulos and more. Wed, 27 Aug 2014 22:04:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: get real http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31590236 get real Thu, 14 Mar 2013 21:42:53 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31590236 You are consistently saying the GOP is against the middle class, but you really can’t prove it except you believe cutting spending will hurt the middle class ====================== All of those House bills that Harry Reid tossed in the dumpster would have weakened consumer protections for the middle class. You are consistently saying the GOP is against the middle class, but you really can’t prove it except you believe cutting spending will hurt the middle class
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All of those House bills that Harry Reid tossed in the dumpster would have weakened consumer protections for the middle class.

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By: get real http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31590163 get real Thu, 14 Mar 2013 21:36:06 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31590163 We should be looking towards the private sector to increase employment -------------------------------- The UK already tried that Investors fled the scene We should be looking towards the private sector to increase employment
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The UK already tried that
Investors fled the scene

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By: get real http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31590132 get real Thu, 14 Mar 2013 21:33:50 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31590132 So, if we took what’s left of Social Security and put it in the market ++++++++++++++++++++++++++ SS benefits are GUARANTEED Let's see your stockbroker give you a guarantee. So, if we took what’s left of Social Security and put it in the market
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SS benefits are GUARANTEED
Let’s see your stockbroker give you a guarantee.

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By: cbo http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31590107 cbo Thu, 14 Mar 2013 21:32:10 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31590107 "Obama tried a stimulus that didn’t stimulate (just look at the GDP numbers)" We did. GDP was better than if there had been no stimulus. “Obama tried a stimulus that didn’t stimulate (just look at the GDP numbers)”

We did. GDP was better than if there had been no stimulus.

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By: Commonsenseparty http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31590075 Commonsenseparty Thu, 14 Mar 2013 21:30:00 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31590075 tmferretti | March 14, 2013, 4:59 pm --- So, if we took what's left of Social Security and put it in the market, is that not investing? We could just leave it there until the system becomes completely insolvent or it is raided again by the government. In this case, privatization isn't such a bad idea. tmferretti | March 14, 2013, 4:59 pm — So, if we took what’s left of Social Security and put it in the market, is that not investing? We could just leave it there until the system becomes completely insolvent or it is raided again by the government. In this case, privatization isn’t such a bad idea.

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By: Commonsenseparty http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31589753 Commonsenseparty Thu, 14 Mar 2013 21:06:24 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31589753 tmferretti | March 14, 2013, 4:59 pm ---- Balance our budget and have no debt and we prosper...GUARANTEED. I know of ZERO economists that will tell us $16 Trillion in debt doesn't matter. I will never get that through your head. Do you know what causes a double dip recession? The 2nd recession is caused by not attending to the root cause of the 1st recession. In our case, the root cause of the recession (at least the severity of it) was the Housing debacle. We really haven't tended to it yet. HARP 1 and 2 are good for the banks but not for the consumer. Any bank that took a bailout should have been required to refinance ALL mortgages to the existing market levels. That alone would have saved many houses from foreclosure and it wouldn't have cost the government anything more than what they paid for the bailout. The banks got away scott free and the people that religiously paid their mortgage on time are still screwed. Obama tried a stimulus that didn't stimulate (just look at the GDP numbers). tmferretti | March 14, 2013, 4:59 pm —- Balance our budget and have no debt and we prosper…GUARANTEED. I know of ZERO economists that will tell us $16 Trillion in debt doesn’t matter. I will never get that through your head. Do you know what causes a double dip recession? The 2nd recession is caused by not attending to the root cause of the 1st recession. In our case, the root cause of the recession (at least the severity of it) was the Housing debacle. We really haven’t tended to it yet. HARP 1 and 2 are good for the banks but not for the consumer. Any bank that took a bailout should have been required to refinance ALL mortgages to the existing market levels. That alone would have saved many houses from foreclosure and it wouldn’t have cost the government anything more than what they paid for the bailout. The banks got away scott free and the people that religiously paid their mortgage on time are still screwed. Obama tried a stimulus that didn’t stimulate (just look at the GDP numbers).

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By: Commonsenseparty http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31589658 Commonsenseparty Thu, 14 Mar 2013 20:59:54 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31589658 tmferretti | March 14, 2013, 4:52 pm ---- What "Stimulus" did the Brits use? tmferretti | March 14, 2013, 4:52 pm —- What “Stimulus” did the Brits use?

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By: tmferretti http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31589655 tmferretti Thu, 14 Mar 2013 20:59:45 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31589655 COMMONSENSE They don't matter; the big con is that somehow the debt and deficit are the same as an individual’s credit card debt. You hear the republicans spouting this all the time. You pay interest on credit card debt; Americans receive interest on the national debt. Republicans don't understand that the debt is from the sale of bonds. If people have enough confidence in this country to buy bonds that’s a good thing. We can eliminate the debt easily, just stop selling bonds and pay the interest off over a few years. No debt, no investment and we become another Bangladesh. COMMONSENSE

They don’t matter; the big con is that somehow the debt and deficit are the same as an individual’s credit card debt. You hear the republicans spouting this all the time.

You pay interest on credit card debt; Americans receive interest on the national debt. Republicans don’t understand that the debt is from the sale of bonds. If people have enough confidence in this country to buy bonds that’s a good thing. We can eliminate the debt easily, just stop selling bonds and pay the interest off over a few years.

No debt, no investment and we become another Bangladesh.

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By: Commonsenseparty http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31589592 Commonsenseparty Thu, 14 Mar 2013 20:53:47 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31589592 tmferretti | March 14, 2013, 4:36 pm ----- Had we privatized social security when it was brought up under the previous administration, they would have seen enormous growth with the stock market. It may have also avoided the crash because of the injection of so much cash into the market. It wouldn't have stopped the recession, but it might have kept the stock market on higher ground. If I have a choice on allowing the fund to be stolen from the government or grow it in the stock market, that's a no brainer. I would be happy if the government allowed me to invest where I want to and not pay into SS. tmferretti | March 14, 2013, 4:36 pm —– Had we privatized social security when it was brought up under the previous administration, they would have seen enormous growth with the stock market. It may have also avoided the crash because of the injection of so much cash into the market. It wouldn’t have stopped the recession, but it might have kept the stock market on higher ground. If I have a choice on allowing the fund to be stolen from the government or grow it in the stock market, that’s a no brainer. I would be happy if the government allowed me to invest where I want to and not pay into SS.

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By: tmferretti http://abcnews.go.com/blogs/politics/2013/03/a-tale-of-two-budgets-the-note/#comment-31589575 tmferretti Thu, 14 Mar 2013 20:52:23 +0000 http://abcnews.go.com/blogs/politics/?p=839729#comment-31589575 COMMONSENSE Your exactly right, the UK has given up on "austerity" and are now running up their debt (despite the conservatives) to invest in their economy. Something we should be doing. It's not just the Brits, it's also the French and Germans. We shouldn't have to go through a double dip recession before we learn the same lesson COMMONSENSE

Your exactly right, the UK has given up on “austerity” and are now running up their debt (despite the conservatives) to invest in their economy. Something we should be doing. It’s not just the Brits, it’s also the French and Germans.

We shouldn’t have to go through a double dip recession before we learn the same lesson

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