Obama to cut Pell Grants

Onceler said:
The military cuts do seem a little bit token in the new proposal. I wish they were way more aggressive.
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Yeah, I do too. But take it as is for now. Let people get accustomed to the idea that military cuts won't lead to the commie hordes stampeding down main street. Then more will come.
 
SmarterThanYou said:
gee, i would LOVE to hear your explanation of why the economy went south.
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It was caused by the private sector. The government's role was years of deregulation and lax enforcement of existing regulations. It was not caused by government overspending.
 
Bfgrn said:
The problem pea brain...Bush was president for EIGHT years. We are now in the throws of the biggest failure in our history...Bush. It will take decades to get out from under the horrible job he did.
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Yeah, but I wasn't gonna bring up Barney Frank and his party's incompetence in regulating and managing Freddie and Fannie...They were warned as early as 2003 that there was problems looming....but the warnings were ignored....

House Financial Services Committee hearing, Sept. 10, 2003:

Rep. Barney Frank (D., Mass.): I worry, frankly, that there's a tension here. The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. . . .

Rep. Maxine Waters (D., Calif.), speaking to Housing and Urban Development Secretary Mel Martinez:
Secretary Martinez, if it ain't broke, why do you want to fix it? Have the GSEs [government-sponsored enterprises] ever missed their housing goals?

I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . (Barney rolls the dice)

It was not caused by government overspending." ? Exactly.

http://online.wsj.com/article/SB122290574391296381.html

Do you need to watch the actual video? The undeniable video truth?
 
LOL - I knew Frank was coming.

Barney Frank- the "shadow leader" of the American gov't throughout Bush's term. Despite a GOP majority, Bush & Congress were helpless to stop Frank!
 
Onceler said:
LOL - I knew Frank was coming.

Barney Frank- the "shadow leader" of the American gov't throughout Bush's term. Despite a GOP majority, Bush & Congress were helpless to stop Frank!
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Even though the CRA was not to blame, the fairy tale continues.

What REALLY sucks for the brainwashed Faux News minions...there really WAS a strong voice for a number of years that warned about predatory lending...ACORN.
 
Bfgrn said:
Even though the CRA was not to blame, the fairy tale continues.

What REALLY sucks for the brainwashed Faux News minions...there really WAS a strong voice for a number of years that warned about predatory lending...ACORN.
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Coming from someone who wants to go to the docter to get a perscription for aspirin, have a bureaucrat tell your docter what treatment you can have, and on top of that pay the IRS $600.00 or more a year to pay for this,,,,,,, is really funny.:)
 
Bfgrn said:
Hey bean counter...here are some beans for 'ya...

http://www.economy.com/mark-zandi/documents/Economic_Stimulus_House_Plan_012109.pdf

zindi-tbl-2.jpg
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No shit libtard foodstamps and welfare are not stimulus like highway building you freaking economicstard
 
LOL you trust moodies, acording to them all we need to do to revive the economy is increase food stamps and unemployment.

Ah ask the socialist countries how that worked for thier economies before they all dumped that failed system.
 
Bfgrn said:
It was caused by the private sector. The government's role was years of deregulation and lax enforcement of existing regulations. It was not caused by government overspending.
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less regulation means less cost means less expensive products.

so how does your theory work again?
 
Of course recessions are due to the private sector economics moron. It's called the business cycle. LOL gov doesn't and shouldn't take over every 7 years when we have one despite the masses love of bailouts.
 
Bfgrn said:
We had a president with an MBA, where did it get us? I don't have an MBA, but I understand enough about the economy to have made a lot of money in it and to understand the circumstances Obama was confronted with when he took over from the MBA moron. You clearly DON'T. You obviously are a cement head ideologue with a piece of paper like Bush, but you lack any form of common sense and what is much worse, any form of common decency and compassion. What we saw from Obama was not some economic ideology. What he did was absolutely necessary, they were economically responsible measures to halt an economy that was in free fall. Obama didn't inherited the sound economy Clinton left Bush. America is no longer an economy built on manufacturing, it is a consumer based economy. What happens in a consumer based economy when consumers stop spending Einstein?

The American people are hurting, there is one job for every five people looking for work. If you really are an MBA, and believe that austerity is the solution at this juncture, change your screen name to Herbert Hoover Bush.
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Note to our resident 'economic guru'.... The economy was in a recession when Bush took office. Not as bad as the one Obama took over, but the above comments demonstrate that you have little economic understanding and are rather simply content spouting off party lines.
 
Onceler said:
The military cuts do seem a little bit token in the new proposal. I wish they were way more aggressive.

Politicians have to look at the pie chart of spending; I'm okay w/ them cutting some of the Pell grant program if it isn't working, but you can't even see that on the average pie chart. The only way to really address spending is the big stuff - the military, SS, Medicare/Medicaid. All have become "3rd rails," but there is definitely some revolution that is needed in that thinking.

America's debt is a ticking time bomb, imo...
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http://www.nytimes.com/packages/html/newsgraphics/2011/0119-budget/index.html?hp

A good look at where the budget goes.

I agree that we could have cut a lot more from defense.

Bottom line: Obama's budget proposal is a nightmare. He expects to 'cut the deficit' down to about $500b per year in ten years? That is the plan? WTF? It was only a few years ago that we were all bitching about Bush running up an insane $500b deficit. Now we have to cut $1.1 TRILLION from deficit spending just to get back to the insane level?
 
obama has it wrong just like bush did. Taking money away from education is not the right move. Investing in education is like a company investing in Research and Development. Once you see the R&D budget going down you know that the company is not worth investing in anymore.
 
Bfgrn said:
It was caused by the private sector. The government's role was years of deregulation and lax enforcement of existing regulations. It was not caused by government overspending.
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I would agree to an extent. It was caused by the repeal of Glass Steagall, loose monetary policy and corporate/individual greed. It was not caused by government overspending.

That said, the current insane levels of deficit spending ARE a huge concern and are very dangerous to the economic health of our country in the long term.

We need to cut spending back to 2006 levels. There is NO reason they need to be this high still.
 
Superfreak said:
I would agree to an extent. It was caused by the repeal of Glass Steagall, loose monetary policy and corporate/individual greed. It was not caused by government overspending.

That said, the current insane levels of deficit spending ARE a huge concern and are very dangerous to the economic health of our country in the long term.

We need to cut spending back to 2006 levels. There is NO reason they need to be this high still.
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deficit is to high for sure but education is one area that I personally think should be untouchable.

Here is an idea. instead of providing free defense to countries less start charging a fee.
 
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