Many of you have provided me with understanding concerning some issues that I've not quite been able to grasp. I really like the idea of cutting services on the federal level, but when would/could that take place? I'm not depending on social security and if I do get it, my plan is to use the money to reinvest for my grandchildren. So, what if the government said, "Social Security for those 40 and below will not exist"? Bottom line, I want to see a change and like it was already stated, we need to stop spending money like "drunken sailors."
I shoot slow, and hit every time!!!!!
Not sure if you are familiar with Dave Ramsey's method to getting out of debt. There are 7 steps to it and in the pre-text of doing it he advises that you need only 3 things to ensure you can get out of debt.
3) Pay your basic utilities (gas, lights, water)
4) all else to pay your debt
Everything else is a luxury that you right now can not afford so it must be cut. Cable is a luxry cut it, cellphone is a luxury cut it, fast food (ie yes it's a food but it's a luxury cut it), magazine subscription cut, day out at the range (spending for ammo) cut it, etc., etc...
Now translate this into gov (it's not a one for one translation) but what would that be?
1) not applicable since the gov does not "eat"
2) shelther = defense
3) pay your basic items (some government services (USPS, FAA, etc..)
4) all else to pay of the debt
When doing the ramsey program on a personal level it can be quite harsh to face reality and at times tough to have to cut the cable, cellphone, sell teh 2nd car, sell off stuff you have, etc.. but the end goal is to be debt free.
It's the same with government. If we really want t get out of debt its going to take time and sacrafice and that means everything that is non-essintial for government to go. (see above the only thing gov needs to run is defense and some limited agencies). The rest back to the states and/or local government and/or charities.
Yes it's a hard pill to swallow and for many it's one that they won't/can't do. It means that the elders will need to be taken care of my the kids or charaties since no more gov help. It means that we will have less services and mroe taxes to pay off everything that we spent on and "needed" but did not want to pay for, it means that two generations will need to re-learn that while this is the land of oppurtunity it is an "oppurtunity" to do whatever you want so long as you work for it.
But as recent yahoo news showed 49% of america pays no taxes (ie gets something for nothing) as such we have lost that mindset of hard work = reward. Now it's why work = uncle sam will suppose.
Kind of like the Paygo law they passsed in Feb? How is that working for you?
Obama signs debt limit-paygo bill into law
Fri, Feb 12 2010
WASHINGTON (Reuters) - President Barack Obama signed a law on Friday lifting the U.S. government's borrowing authority to $14.3 trillion and installing a pay-as-you-go rule to curb spending, the White House said.
The U.S. House of Representatives passed the debt limit bill last week, giving it final congressional approval and sending it to the White House for Obama's signature.
The U.S. Treasury was expected within weeks to exceed the current $12.4 trillion government debt limit set in December. Failure to raise the limit would roil financial markets.
The bill also contained 'pay-as-you-go' legislation that requires new spending to be offset with cuts elsewhere.
Democrats, who control the U.S. Congress, crafted the "paygo" language to deflect voter anger over soaring spending and to show they are serious about fiscal responsibility. They say paygo rules helped the country turn budget deficits into surpluses in the 1990s.
Obama has proposed a record $1.56 trillion deficit for fiscal 2010 as he tries to boost growth and jobs, equivalent to 10.6 percent of gross domestic product, but projects this funding gap to have halved as a share of the economy by 2013.
Last edited by BloodEclipse; 04-20-2010 at 16:08.