10 who led us to the fiscal cliff
They fed our greed and guilt and told us we could have all the spending and tax cuts, too. While practically all of us had a role in this mess, these 10 stand out.
VIDEO ON MSN MONEY
How can you leave out Barney Frank who killed every effort to control Freedie MAC and
What created this mess is the philosophy that took down Rome. There is no greater danger to a nation than to allow the voters to vote themselves money.
Solving the problem is easy permit Federal spending only on those issues that provide for the defense of the US; No money for schools, health, retirement, and anything else that does not contribute to the direct benefit of the country. Education is the responsibility of local government, health is your responsibility, earn your money and stop holding your hand out for what isn't yours.
Why am I responsible for your education, your health, your welfare, etc. I take care of my family and my neighbors. I am tired of footing the bill for those who can do nothing but cry "its unfair." Well life is unfair, deal with it.
Laffer has nothing to do with it. His Laffer Curver theory is sound. The problem is, that no matter how much revenue is that it is never enough if you don't control spending.
Pete Peterson, because he brought guilt to the debt? Are you effing serious?
Bill Clinton never had a surplus. Look at the record. Deficits every year. He also pushed that everyone who wanted to own a house should be able to regardless of their ability to repay. He is also the one who did away with Glass-Steagal.
Greenspan, I agree with, but I would tie Bernanke to it as well.
Bush/Cheney, don't disagree.
David Lereah, go back to what I said with Clinton.
Grover Norquist, go back to Laffer, we don't have a revenue problem, we have a spending problem.
Barack Obama, just takes a bad situation and makes it worse. You want to get more revenue, get people back to work. This idea that the only way to solve the deficit is to raise the taxes on the rich is the biggest effing joke I have ever heard. Great, you can fund the government for 4 days, still leaves you with one big pile of stink! Get people back to work and cut spending, and you might be able to get the budget balanced.
THE ENTITLMENT GREAT SOCEITY STARTED WITH ROOSEVELT AND JOHNSON - A NOT MY FAULT SOCEITY SPRINKLED WITH WHATS IN FOR ME AND A DEMOCRACTIC PROGESSIVE AGENDA THAT ALL THINGS COME FROM GOVERNMENT.
WE ARE HEADED FOR THE CLIFF - WHEN A SOCEITY CAN VOTE FOR THEIR ENTITILEMENTS AND SUBSIDIZE - WHY THE HELL SHOULD WE WORK!!!!!!!!!
You have to be kidding regarding this article.Who really wrote this David Axlerod. How stupid does the media really think the American public is to digest this trash.
ALL THE LEFT WING LIBERAL SOCIALIST DEMOCRATS AND STUPID DEMOCRAT VOTERS! CAN'T BELIEVE OBAMA MADE LIST!
Who lead us to the fiscal cliff? Obviously our elected officials that wouldn't/won't step up to the plate and tell it like it is so they can get reelected to their gravy train positions.
However, in the end it's the electorate, you know those that vote, that keep electing these folks on promises they know can't be kept or don't want to pay their fair share.. With nearly half of the electorate not paying Federal taxes it's not surprising. I can't wait until we get over half this country not paying into the system. If you think the riots in Greece are bad wait a few years.
I can make this article alot simpler for everyone. Who's the number one culprit for the problems were in? OURSELVES! We voted for these people and continue to vote these numbskulls into power. Its time we start doing a nationwide vote on major issues and then see where the country goes instead of thinking those we vote for have our best interest in mind. Don't foget its WE THE PEOPLE. And its time we start taking a little responsibilty for our actions and fix the problems instead of letting others make it worse.
Our financial problems as a country are much deeper than just ten people.
First off, our system of taxation is a joke. Our founding fathers did not want people to pay direct taxes (i.e. taxation on income and property). They instead wanted indirect taxation (i.e. taxation based upon transactions such as a sales tax, excise taxes on goods that were not desirable such as whiskey, and tariffs.
As a country we have strayed woefully away from that basic system of taxation where now we actually get incentives to get into debt (home mortgage interest deduction) while we are penalized for savings (capital gains taxes on investment earnings).
The system is all backwards and the incentives in place are exactly opposite of where they need to be to accomplish what needs to be accomplished.
Social security which takes around 7% out of most workers pay is an entitlement program from the Roosevelt days that is poorly designed and it has been abused through raids on its suplus to where it is now broke along with the rest of the government.
All these facts coupled with the most anti-business president ever and it is no wonder we are in the mess that we currently find ourselves in.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The major averages climbed out of the gate with the Dow Jones Industrial Average in the lead. The blue chip index trades higher by 0.4%, while the S&P 500 has added 0.3% with all ten sectors showing early gains.
Cyclical sectors have displayed noteworthy strength with five of six growth-oriented groups trading in-line with or ahead of the broader market. However, the technology sector (+0.1%) has yet to catch up to the broader market. Oracle (ORCL 40.10, -1.45) ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'