#3064527 - 12/05/12 10:45 AM
It really never gets old...
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ChippewaPartners
10 Point
Registered: 08/25/01
Posts: 2909
Loc: Pamelot, my farm near Catoosa
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It really never gets old...
Date: March 16, 2006
Place: Senate Floor
Speech:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.
Fast forward to today, when the same senator, now president, is openly threatening with using a veto to impose his will on raising the debt ceiling over that of what, at least according to the Congress, is still the majority of Americans.
So much change in 6 years indeed...
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#3064719 - 12/05/12 01:13 PM
Re: It really never gets old...
[Re: ChippewaPartners]
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Wildcat
Non-Typical
Registered: 06/10/00
Posts: 39083
Loc: Western Ky.
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People don't care. All they understand is the last number on their paycheck. Heck, they don't ever understand the other numbers on their check stub.
_________________________
A Government that does not trust its law abiding citizens to keep and bear arms, is itself unworthy of trust..... - James Madison
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#3064725 - 12/05/12 01:16 PM
Re: It really never gets old...
[Re: Wildcat]
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youngandfree
6 Point
Registered: 09/26/12
Posts: 650
Loc: Greene County, Tn.
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People don't care. All they understand is the last number on their paycheck. Heck, they don't ever understand the other numbers on their check stub.
AMEN!
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#3064824 - 12/05/12 02:08 PM
Re: It really never gets old...
[Re: Wildcat]
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muddyboots
12 Point
Registered: 11/06/02
Posts: 5913
Loc: savannah, tn., usa
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People don't care. All they understand is the last number on their paycheck. Heck, they don't ever understand the other numbers on their check stub.
I have been saying that for years. Automatic deposit was the culprit.
_________________________
X Force is Bad!
Let em go and let em grow!
There is a difference in a turkey killer and a turkey hunter!
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#3064854 - 12/05/12 02:27 PM
Re: It really never gets old...
[Re: muddyboots]
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Still-n-Quiet
10 Point
Registered: 07/18/06
Posts: 4603
Loc: San Antonio, TX
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People don't care. All they understand is the last number on their paycheck. Heck, they don't ever understand the other numbers on their check stub. I have been saying that for years. Automatic deposit was the culprit.
True. That and automatic tax withdraw. It also doesn't help that tax day is about 6 months from election day, either.
My solution:
1) No automatic withdrawal of tax money.
2) Payment of taxes due ONLY on April 15.
3) Election the first Tuesday following April 15.
_________________________
Mike
"I am not ashamed of the gospel of Christ, for it is the power of God to salvation for everyone who believes..." (Romans 1:16)
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#3064933 - 12/05/12 03:10 PM
Re: It really never gets old...
[Re: Still-n-Quiet]
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BMan
14 Point
Registered: 02/06/06
Posts: 8912
Loc: Middle TN
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Withholding was the brainchild of FDR, the (D)ummies' hero.
_________________________
Rules are for people who lose fights.
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