Forum Post: Super Committee Fails: Good!
Posted 12 years ago on Nov. 23, 2011, 5:58 a.m. EST by bklynboy
(77)
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If Congress doesn't change the rules to prevent budget cuts, the massively bloated military budget will be cut 15%. Maybe that will free up money to help the 99% with more jobs, lower taxes and fewer home foreclosures. We have over 1000 military bases around the world and engage in endless wars. Obama is building more submarines, aircraft carriers, bombs, missiles and jets. We spend more on the military than almost the rest of the world combined. The cold war is over. Use the money to rebuild crumbling America.
the super congress is totalitarian and completely illegal. Dr. Paul would not allow it.
Free up money??? what money?
The idea to "use" the money is flawed, the money is (as others have said) borrowed money, the cuts mean less money, not surplus money....
C'mon folks... THINK!
One trillion freed up from the military budget and some of that won't be available to build America. It evaporated?
When the jobs are taken away, there is no way for America to rebuild its economy. Its that simple!
Yes. Both parties vote for free Trade Agreements which suck jobs out of the country. This enriches the 1% and screws the 99%.
It was unconstitutional and failed because of inadequate debate and representation.
Super Committee was a super FAIL ! Come on who didn't see that coming govt is a joke these days
Yes! It was meant to fail.
It is interesting that the one area that the Supercommittee could not agree on is taxing the rich when Obama and Congress already extended the Bush Tax cuts an additional two years from now. This again is another lie to fool the public.
Exactly! Obama extended and enlarged Bush policies; war, deregulation, tax breaks for the rich, roll back of social services. They are the same.
This is very bad. Those automatic cuts are worse then what the super committee could have done. We are cutting things because we have no money.
If there's a half a trillion for new submarines, etc., there's half a trillion to rebuild America.
This is not good. It is not good. Did you see this?
According to Dick's analysis, the situation would be similar for the USDA's Food Safety and Inspection Service. Sequestration would set FSIS' budget back to the pre-2008 level, even though the demand for domestic meat inspection is growing.
"This would result in furloughs or shortages in federal inspectors at slaughter and processing plants. Since plants cannot operate without inspectors, the plants would have to operate fewer hours or close their doors. This will hurt plants, local economies, and workers, producers and consumers, as prices rise," notes the letter.
The Centers for Disease Control and Prevention, an indispensable part of the food safety system, would take a $440 million cut.
http://www.foodsafetynews.com/2011/11/with-supercommittee-failure-agencies-could-face-real-cuts/
And this is right after the 36 cases of E Coli in Missouri and the voluntary recall of Ready Packed Salad. http://www.medicalnewstoday.com/articles/238012.php
yes, the sequestration is a double edged sword. However, hospital services won't be cut as much as with a debt deal, so public health is helped.
I believe that medicare cuts are also automatically triggered.
Bad all around.
Cancel the Debt.. Fake Money=Fake Debt SuperCommittee my ass..Super Bimbos' too greedy to make concessions.. Isn't someone paying attention?These goofs are a very bad joke, at our expense..Fire these incompetent do nothings for $174,000 a year, our money would be better spent improving communities,converting to alternative methods{solar,wind, electric cars,gardens,self reliance and sufficience.. Sustainability is our only choice.. As long as we keep this charade of voting in and out the same bought corporate servants, we will keep getting the same irresponsible,irreprehensive behavior exibited by our current cadre of circus clowns..
Agree. Driven by greed for industrial profits at any cost.
You do realize that a large portion of that debt is held by lower and middle class families in the form of:
So America owes foreigners about $4.5 trillion in debt. But America owes American Citizens $9.8 trillion.
I did not realize, you are saying our debt is tied to our social safety net?We paid the money into social security,pensions,bonds,retirement funds..Now you are saying it is debt? They stole that money too, every thing that wasn't nailed down has been sold and borrowed out from under us.. In the name of a new world odor..It stinks to high heavens, and the angels don't like it..We must root this problem out of the garden,so the flowers can smell sweet again..
Yes that is what I am saying. But here is another problem.
If you took EVERY PENNY from the 1%...
I am not talking about what they earned this year but every penny they have, it would cover about $1.4 trillion which is less than 1/10 of the national debt.
We have added MORE than that to the national debt THIS YEAR.
I was under the impression House of Rothschild,Rockefeller and Bush!,2 control in excess 500 trillion dollars,maybe my sources are wrong..My point is government and the private Federal Reserve have been Printing Fake Money, backed by no goods or services,since 1964,the year they took the gold and silver backed currency and changed it into counterfeit fiat currency,and conveniently charge 5% interest to U.S. taxpayers.. How much money has been printed since 1964 and where is it,who knows what, and who knows who..Cancel the Debt not tied to social programs.. We already paid into our retirement..Get back the 16 trillion dollars embezzeled money and give every man, woman and child in the U.S. for damages caused to countless lives,We will stimulate the economy..
There is no money. Just because they made cuts doesn't mean suddenly there is money around. We are still running deficits. Big deficits. Do you not understand what is really happening? It doesn't appear that you do.
We spend six times more on military than China, Russia and Saudi Arabia. The country desperately needs jobs. Take the billions from unneeded new subs, carriers, jets and military interventions and create jobs like WPA and CCC to save America and the economy, something you don't seem to have thought out. If the money was there for the military, it can be redirected for constructive purposes.
Who makes those carriers, subs, tanks weapons etc? What is sad is that the spending by the military is one of the only real sources of job creation/stability in this country. Cuts to military spending right now given the gridlock in congress will just further harm the economy.
It would be nice to see the invisible money spent on infrastructure instead but the Republicans aren't going to allow that and like Jimboiam said, this is all just fantasy money borrowed on our shoulders. Even increasing taxes on the wealthy isn't going to cover any significant amount of deficit spending required to keep us out of a depression.
They allowed outsourcing, technology consumed jobs and now they are trying to spend us out of trouble in order to compensate while they continue to sign new free trade agreements in order to get access to cheap labor requested by lobbyists. Than they tell us how we need to lower our standard of living because we've all become lazy, spoiled and fat. The chickens have come home to roost.
One way or another the government has to be reigned in before they do something really stupid.
U contradict yourself nice :)
How did I contradict myself. I made the following points below...
Military spending does create jobs and cuts will hurt the economy right now.
If they are going to spend I'd prefer the debt/money spent on infrastructure but it isn't going to happen.
Deficit spending or reduction of spending is not paid for.
The government helped create this mess and now they are making matters worse by spending too much. I can see a contradiction here but reality doesn't give way to hindsight.
We need to change the way government does things so we don't get in these situations.
govt spending is out of control, we all agree infrastructure doesn't put most people to work deficit spending shouldn't even happen i live in a city Phoenix metro area, all i've seen is Obama dollars building useless bike trails and city projects, they are all scrambling to spend and spend while the fed govt pays, i don't pave, i don't dig, i don't work construction for BS projects and I see whole blocks of shut down business, infrastructure is just another form of lobbying favoritism politics BS doesn't work here ! Doesn't work anywhere
Good points but studies have shown spending on civilian industry has 3 times the benefits to society including job creation, and the economy as spending on weapons.
There is no money man, it is all borrowed. We are borrowing over $1trillion a year. That is more than we spend on the military, SSi or Medicare individually each year. The cuts are now across the board to the military and medicare and other programs as well.
If there is a half trillion for the military, from any source, it is better spent building America than building missiles.
There isn't. Its borrowed money. Then money that is being cut is not going anywhere else. It is just not being borrowed.
We live in debt-money monetary system. Every time govt. makes spending beyond tax dollars, it borrows, either from large US banks & Fed or from foreign private banks.
Now, the question is how would you like to spend your money? Wisely investing to your People, or foolishly such as on unjust wars, bailing out AIG, Banks, Fannie Mae/ Freddie Mac.
How would a rational man solve it?
(1) A government is not sovereign when it cannot issue its own currency. End the Fed, take back the financial sovereignty. This also solves the sovereign debt – the biggest issue.
(2) Instead of spending money on consumptive debt that has negative return value (such as wars, war machines, bailing out banks), spend money on true investment that has larger return value (such as help to expand businesses, educate your people – people is the most important asset in the competing macroeconomic world).
That's it.
While i appreciate your sentiment we have much greater hurdles to overcome before we start addressing that problem. The primary issue is the corruption in Washington. Until we fix that problem, we are not going to get anything else.
Jim, I captures each session link for your convenience.
⁃ Lesson 1 - Revisiting American History - Financial Empire: http://www.youtube.com/watch?v=l37RhdFGVsM
⁃ Lesson 2 - Revisiting Economics 101 - Debt: http://www.youtube.com/watch?v=BGTBkNJ8ZWI
⁃ Lesson 3 - Revisiting Civics 101 - Ownership: http://www.youtube.com/watch?v=a2VDC8UQ3c8
⁃ Lesson 4 (part 1 of 4) - The Culture of Empire: http://www.youtube.com/watch?v=aIsheDSCBK0
⁃ Lesson 4 (part 2 of 4) - The Culture of Empire: http://www.youtube.com/watch?v=v6ixuhwwsFc
⁃ Lesson 4 (part 3 of 4) - The Culture of Empire: http://www.youtube.com/watch?v=EHF5BX0sv_4
⁃ Lesson 4 (part 4 of 4) - The Culture of Empire: http://www.youtube.com/watch?v=irmcAecUJLM
⁃ Lesson 5 (part 1 of 2) - The Emerging Global Empire: http://www.youtube.com/watch?v=QCxjqPgHgpA
⁃ Lesson 5 (part 2 of 2) - The Emerging Global Empire: http://www.youtube.com/watch?v=GkSLlICfdZg
⁃ Lesson 6 (part 1 of 3) - Brightening the Future: http://www.youtube.com/watch?v=Zw3i5Rzpx5A
⁃ Lesson 6 (part 2 of 3) - Brightening the Future: http://www.youtube.com/watch?v=O6HuzhMUHGM
⁃ Lesson 6 (part 3 of 3) - Brightening the Future: http://www.youtube.com/watch?v=sv3M2gCynLw
You may skip Lesson 4 (4 parts) without much discontinuity in the overall context.
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Jim, may I suggest the following educational video tutorial:
Renaissance 2.0: Lesson 1 - Revisiting American History - Financial Empire: http://www.youtube.com/watch?v=l37RhdFGVsM
There are 11 short session (less than 10 min each), each linked to each other. It explains how the real socioeconomic world works; not the world that we think we understand. I promise, it will change your priorities.
If you don't have time now, please save the link and watch when you have time.
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That money won't be up for grabs to be used for anything else.
But maybe fewer people will die once the military budget is cut.
There is no money because these ten year wars are paid for on borrowed money. First time in history taxes weren't raised during war. Now the shit's hitting the fan.
I agree. Both the budget cuts and the expiration of the tax cuts needs to happen. Now lets just hope they don't decide to vote away their consequence.
The MIC will pull out all the stops to keep the money and wars going. Now, suddenly, there is an Asian threat, just as the Middle East is winding down. Gotta due something with those troops.