Not Again

http://abcnews.go.com/US/wireStory/boehner-spending-cuts-offset-debt-limit-hike-16356151

Didn’t we learn our lesson last year? Let’s hope our credit rating doesn’t go down, again. So, show me your cuts Speaker Bohner, then we will talk.

Your thoughts?

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8 thoughts on “Not Again

  1. I have learned in my own life than when I’ can’t make ends meet, I do NOT get another credit card or raise the limit on the only one I have. Rather, I stop spending money on things that are not essential. This includes things that I *thought* were essential that turn out not to be. I cancelled cable television service. I got rid of the cell phone. I dropped long distance. I don’t have air conditioning. I stopped going out to eat several times a week.

    Since then, I’ve made changes to cut more spending. The no-long-distance house phone was actually more expensive than some cell plans so when my sister offered me a free phone, we dropped the land line phone. Several times, hubby rode his bike to work rather than drive. We don’t buy food that isn’t on sale. When the public school tells me I have to pay for certain things, I respectfully remind them that I can’t and that public schools can’t require me to do so. (If I had the money, I would CERTAINLY contribute.) I don’t take as many road trips. I don’t fix desert with ever meal.

    But what I *never* do: raise my credit limit or get new credit. We’ve had water, electric, and gas turned off at one point or another. But I did not get new credit. I worked with the systems to pay what I could and and make arrangements.

    So, forgive me for thinking that allowing the government with a current debt of $15,673,229,738,379 (as of May 2012) should be allowed to raise the debt cap rather than find a way to cut spending or reallocate money.

    Perhaps Boehner’s proposed methods don’t work or have faults. (At one point I considered saving money by purposefully turning off water because we could set up a rain-collection system. And Michigan winters provided unlimited water in snow that can be melted. Yes – BAD ideas!!! 😀 ) But raising the debt limit can’t be a solution, either.

    • It may not be the best idea, but you certainly know how to use all your resources. 🙂

      Now, I only have a couple of questions for your agruement. Yes, I know we are up to our eyeballs in debt and it is very, very scary of what we are handing over to the next generation. But, what do you want our Government to do? What role do we want our Government to play in our lives? If you cut something – it is going to affect someone’s life. Hopefully, it doesn’t affect mine. If you cut social security – you are going to tick a lot of people off, sure I will save about $80.00 a pay, but what about the people that need that money now? Are they going to cut medicare? Our seniors deserve their medication and health care. Our military can’t afford any more cuts. Please don’t ask that our education be cut. Now, social programs like food stamps and medicaid – ok, but is it really that big of an expense like social security and medicare?

      But, what can we do to raise more money? I don’t want to be taxed anymore and I don’t think you do either. Apparently, raising taxes on our millionares is a big hot topic that isn’t on the table. So, I propose the government sell the debt to the citizens of the United States – like in the olden days of our war bonds. When we went to war and knew we couldn’t afford it, so the governement sold the war debt to us. Imagine if you buy debt for a 2% return in ten years – what a remarkable way to eliminate the debt and let our citizens feel like they are participating in the solution.

      Okay, that’s basically all I got. Thanks for reading my posts. I greatly appreciate it.

      • Debt bonds seem like a good idea, but I haven’t researched them much.

        I don’t have a solution for how government can cut things or where because I honestly don’t know where half of the money is. I know about the things that make big news; the things you mentioned like SS, Military, Education, etc.

        And maybe these other things are small, but people nickle and dime themselves into poverty all the time. A government can, too. Here are things I’ve noticed: Paper and Postage. The government sends a lot of paper. They use a lot because I know there are copies (in triplicate!) of what they send me. Which leads to Postage. WOW.

        I remember the one year I got a letter saying to expect a card about a tax rebate. Then I got the card telling me when to expect the rebate. Then I got the rebate. Then I got a card reminding me that I should’ve seen the rebate and if I didn’t to call…. Oh, and Hubby got one of each of those, too.

        Um, thanks for the rebate but I’m pretty sure you’re going to have to raise taxes again to cover postage alone, not to mention all the paper you sent me. They could’ve releases statements to the media about the refund. Then sent the refund. And maybe a follow up letter. But they certainly didn’t need to send two preliminary letters.

        Yes, this is just one example. And Yes, there are things that have been cut down. They no longer send a Tax booklet to everybody. I don’t even know if they send them to the local libraries. You can get it online or request a copy. That was good planing. *That* is how to cut spending.

        If we can get rid of the wasted money first, then we’d have a better idea of how much we *really* need to cut or reallocate from the programs that we really don’t want to touch. And if it simply can’t be done, then at least the numbers wouldn’t be so inflated when they apply for the loan.

        Meanwhile, for your viewing pleasure:
        Schoolhouse Rock’s “Tyrannosaurus Debt:

  2. Hey, lookit that! I thought it would just do a link, but it embedded the whole video! Nice.

  3. so the problem with an unwieldy governmental structure is that there’s no incentive to make cuts. generally, i suspect that the cuts would be best made in administering programs, but there’s a profit motive in keeping the program going as-is for those who work for it. and this is off the top of my tired head but i wonder if there’s a lot of redundancy in programs at both the state and federal level. that would likely increase costs without increasing benefits to taxpayers (except the ones employed by the programs).

  4. *snarkily snickers*

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