Archived Story

Uncontrolled spending will ruin our nation

Published 1:11pm Wednesday, October 31, 2012

For those of you who think President Obama’s path “forward” is the best choice for the future, please ask yourself whether you think continued borrowing to spend beyond your means is the path to a bright future.

He has said the national debt is not an immediate problem, so we can take him at his word and expect him to continue to build it up.

I agree we’re not going to crash until after the next four years are over. It won’t be his problem then.

But it will be even higher and it will still be yours and your children’s and your grandchildren’s. And when ‘push comes to shove,’ they will be the ones who get pushed and shoved, much harder than if we start the somewhat long and unpleasant task of stopping the rise and starting to pay it down a little at a time for a long time, just like your folks did to pay their mortgage.

Do the math: At only 1 percent per year interest (I wonder how long that will last), you are now paying $165 billion per year, just on the interest and we are borrowing that!. That is a bit less than $500.00 per year for each of the 330 million of us.

I urge you to vote for your children and grandchildren, not for four more years of ruinous spending.

If not now, when? After government checks become essentially worthless? What will our children think of us?

Paul Woods

Ironton

 

Obama has led our nation through historic challenges

What a dilemma. Do we vote for the party that created the disaster or vote for the party that failed to clean up the whole disaster in only four years?

Or, put another way – do we vote for the party that outsourced to Afghan warlords the capture of Bin-Ladin, or vote for the party that actually killed Bin-Ladin using Navy Seals?

Or, do we vote for the party that pulled troops from Afghanistan (the country that killed Americans) and sent those troops to Iraq to fight Al Qaeda, where there was no Al Qaeda, a country that had harmed no Americans. That folly drew Al Qaeda into Iraq like flies to honey and allowed the Taliban to reconstitute itself and to become today’s problem.

Obama has ended our longest war — one having a cost of $800B. He is now ending the Afghanistan war.

The economy is moving forward and optimism is growing. Automobile manufacturing has been saved and jobs are improving overall. The housing market is making good recovery and will steadily bring improvements to the economy.

The DJIA and S&P 500 stock indexes have gained more than 60 percent during the Obama administration — 401Ks invested in stocks and mutual funds have done well, reflecting current investor confidence in the economy.

Compare our situation to The Great Depression beginning in 1929 and lasting into 1941 (12 years); recovery made possible only by World War II (which began in Europe several years before U.S. entered the war in 1941).

WWII provided America the opportunity to supply allies with huge amounts of war machinery, thereby giving impetus to U.S. recovery, without which recovery would have been much delayed.

The choice is, therefore, clear: With Republican Congress approval rating at 13 percent, and zero evidence Republicans earned your vote: Four more years for Obama.

Ken Felts

Catlettsburg, Ky.

 

  • indieVoter

    Good News in America!
    ——————————–
    Obama: Jobs Report Is ‘Real Progress’
    YouTube: youtube.com/watch?v=5oTGX1OToek

    Published on Nov 2, 2012 by AssociatedPress
    “Speaking to supporters in Ohio, President Barack Obama hailed the October job numbers as ‘real progress’, but says there is more work to be done. U.S. employers added 171,000 jobs in October. (Nov. 2)”

    (Report comment)

    • Noesis

      Jobs report is progress when unemployment went up?

      That’s liberal la-la land for you folks.

      (Report comment)

    • mikehaney

      The U.S. Labor Department reported this morning that the U.S. economy added 171,000 jobs in October, but that the unemployment rate increased to 7.9% from 7.8%.
      ———————————-
      Plus we have thanksgiving,black friday, and Christmas coming up. Temporary jobs.
      Whole story please!

      (Report comment)

  • Noesis

    Indie: Now, having said that, I think Obama has delivered on more than his fair share of promises and I think he’s doing a great job.
    ———————–

    If that was true, he’d be running on his record which everybody knows he doesn’t.

    It’s the economy stupid… and well… everybody knows it sucks….. big time.

    (Report comment)

  • mickakers

    If Barack Obama is the example of American beliefs, I feel we have fallen on hard times. The Killing Of The Unborn (Abortion), The Promotion Of Same Sex Marriage, The Disregard Of Freedom Of Conscience When It Comes To Religious Beliefs as exemplified in Obama Care is a poor example of the American Ideal. Barack Obama has flunked the test when it comes to conscientious moral leadership.

    (Report comment)

  • indieVoter

    Let me be clear. The kind of absurdity I’m talking about is the absurdity where hyper-partisans try to shove absolutes down our throats. In their world, for example, President Obama failed on absolutely everything and…at the other extreme…nothing Mitt Romney does could be right either.

    The fact is, nobody is wrong 100% of the time and nobody is right 100% of the time. I don’t argue that President Obama has won 100% of the time because he hasn’t. He’s delivered on a lot of his campaign promises but nobody has ever delivered on 100% of what they promised.

    Now, having said that, I think Obama has delivered on more than his fair share of promises and I think he’s doing a great job.

    Now, six days before the election, the Keynote Speaker of your 2012 Republican National Convention is touring around New Jersey and praising the fine job our President is doing right now, with the crisis that faces that part of our country.

    There’s no way those on the far right can be happy about this fact.

    What’s Romney doing as the President is busy doing, by Christie’s account, an outstanding job providing leadership in this time of crisis…Romney is back on the campaign trail.

    Yes, we have a clear choice and now…at long last…we have a prominent republican who’s jumped off the crazy train and set the precedent for the next four years.

    Fact is, Obama will win next Tuesday. The democrats are going to take seats back in Congress. Smart republicans will recognize that, for their own re-election interests, working across the aisle with Obama is good for business.

    Six more days.

    (Report comment)

    • Noesis

      Six more days until you say you were wrong and go into hiding.

      I have no problem with what Christie is saying… sorry to disappoint you. One good job in 4 years doesn’t negate everything he’s messed up.

      * I only give him one attaboy because Steven’s death cancels out Obama’s death.

      (Report comment)

  • indieVoter

    Not so much. I only go over to topix to get a feel for where the least common denominator is at. It’s an intellectual step down from this site. I just wish we had an alternative that was one step up, where people could talk about ideas without all the name-calling and absurdity.

    (Report comment)

    • Noesis

      In absurdity, you mean statements like this?:

      “We’re on the right track. After this election it’s time to end the nonsense of the McConnell “make Obama a one term president” mentality.”

      Lets look at the interview:

      McConnell: We need to be honest with the public. This election is about them, not us. And we need to treat this election as the first step in retaking the government. We need to say to everyone on Election Day, “Those of you who helped make this a good day, you need to go out and help us finish the job.”

      NJ: What’s the job?

      McConnell: The single most important thing we want to achieve is for President Obama to be a one-term president.

      NJ: Does that mean endless, or at least frequent, confrontation with the president?

      McConnell: If President Obama does a Clintonian backflip, if he’s willing to meet us halfway on some of the biggest issues, it’s not inappropriate for us to do business with him.

      NJ: What are the big issues?

      McConnell: It is possible the president’s advisers will tell him he has to do something to get right with the public on his levels of spending and [on] lowering the national debt. If he were to heed that advice, he would, I imagine, find more support among our conference than he would among some in the Senate in his own party. I don’t want the president to fail; I want him to change. So, we’ll see. The next move is going to be up to him.

      McConnell: In the last 100 years, three presidents suffered big defeats in Congress in their first term and then won reelection: Harry Truman, Dwight Eisenhower, and the most recent example, Bill Clinton. I read a lot of history anyway, but I am trying to apply those lessons to current situations in hopes of not making the same mistakes.

      NJ: What have you learned?

      McConnell: After 1994, the public had the impression we Republicans overpromised and underdelivered. We suffered from some degree of hubris and acted as if the president was irrelevant and we would roll over him. By the summer of 1995, he was already on the way to being reelected, and we were hanging on for our lives.

      NJ: What does this mean now?
      ————————-

      So, lets recap:

      In the November elections, the public was disgusted with Obamacare and how liberal Obama was.

      Republicans gave democrats their worst beating in the past 36 years.
      Now look at McConnell’s following statement:

      McConnell: We need to be honest with the public. This election is about them, not us. And we need to treat this election as the first step in retaking the government. We need to say to everyone on Election Day, “Those of you who helped make this a good day, you need to go out and help us finish the job.”

      NJ: What’s the job?

      McConnell: The single most important thing we want to achieve is for President Obama to be a one-term president.
      ———–

      Worst beating of democrats – finish the job that the voters started – making the President a one term President.

      Did you notice that McConnell said that if Obama did a Clinton backflip he would have no problem working with him…

      You want civility but then you continue with your lies…

      (Report comment)

  • Noesis

    Indie: it’s complete, unabashed fact-free, integrity-free blabbermouthing…
    ———————-

    Ah, so that’s where you came from. I was wondering.

    And you think Congress will work with Romney?

    Can you say…

    Harry Reid?

    Do you seriously think that Mad dog Harry will be willing to work with Romney? He allows nothing from the House to be voted on. Why do you think he would change his way now?

    Of course, the point may be moot. Some people are speculating that republicans are poised to pick up about 7 senate seats and lose 3 which will give the Senate to republicans and make Reid the junior guy.

    (Report comment)

  • BILLCO

    I agree with you indie, I think as soon as we vote obummer out next week, we all should get behind romney and move forward. Put the country back on track, and let obummer go back too comunity organizing, thats what he is better at doing don’t you think?

    (Report comment)

    • Noesis

      Don’t be too confident that it will be over next week… If Obama loses Ohio and it’s within a million or 2 votes, he’ll probably demand 30 or 40 recounts until they can manufacture more votes.

      Democrats don’t take kindly to losing.

      (Report comment)

    • indieVoter

      I think he did learn a lot when he was a community organizer and probably does use some of that knowledge in his current job. If nothing else, it’s evident in his ground operation in states like Ohio…which are impressive by any conventional political standard.

      I personally think Obama’s done a great job and he’s getting my vote. I don’t trust Romney but if he were elected, I’ll be rooting for him to succeed because I’m rooting for America to succeed. I won’t mock him because I respect the office of the Presidency.

      How about you?

      (Report comment)

  • indieVoter

    “So, even though we believe that liberalism is a cancer upon our great nation, we are to just “lay back and enjoy it”?

    Not going to happen.”

    ————————————-

    That question wasn’t for you, Noesis.

    There’s no reason congress shouldn’t be able to get on the ball and work proactively with either of the two people who’ll be our next president. I’m talking to people who can appreciate that principle.

    (Report comment)

    • mikehaney

      Obama to his shipmates:We’ll be ok taking our ship over the falls.
      Shipmates: Not if we can help it captain Obami.

      (Report comment)

      • indieVoter

        Really, there’s a site called topix where some of these guys should be posting instead…it’s complete, unabashed fact-free, integrity-free blabbermouthing. It’s the perfect forum for some of what I read here. Then again, those guys probably do post there already.

        (Report comment)

    • mikehaney

      So indie, what name do you use on topics. Never posted on topix myself but understand you have to be careful or some teenage girl might think your after her boyfriend.

      (Report comment)

  • Noesis

    Indie: Over 5 million jobs have been created.

    CNN:
    Conclusion:

    Many voters blame that initial weakness on the fractured economy Obama inherited from his Republican predecessor, former President George W. Bush. But in terms of sheer numbers, Obama’s assertion that he created 5 million jobs does not tell the whole story and is therefore false.

    Washington Post:
    President Obama in his opening statement repeated a number of claims that the Fact Checker have found dubious in the past.

    He claimed 5 million jobs have been created in the private sector in the past 30 months; that statistic tries to obscure the fact that the overall job record so far in this presidential term has been negative.

    Factcheck dot org:

    ccording to the most recent employment figures from the Bureau of Labor Statistics, the economy has eked out a net gain of 325,000 jobs since January 2009, when Obama took office. And that’s giving credit for roughly 386,000 jobs that the BLS has announced, on a preliminary basis, that it will be adding to this year’s employment totals next year, as a result of its routine annual “benchmarking” analysis.
    ———————-

    Why don’t any of the fact checkers agree Indie?

    (Report comment)

  • indieVoter

    I want to appeal to the thinking people out there.

    Ask yourself a question. Think about the bitter division we’ve had since Bush v. Gore. After a little time-out right after 9/11, that division picked right back up and it’s at a critical level now. We live in an age where republicans and democrats seemingly can’t talk anymore without mocking and demonizing each other. The question is this. Is this a good thing for America?

    Now if your answer is “no” then think on this. Is there a way for us to get back to normal? Is there an exit off this insane path we’re on right now??

    It’s not about the 2 guys running for president. It’s about us. Think about the behavior we stoop to under the pretense of debate here sometimes. Is that really who you are? Is it who you want to be??

    Not me. We take a lot of things for granted.

    Maybe the most fundamental thing we take for granted is the idea that America will prevail and persevere regardless of how divided and irreconcilable its people become.

    Out of concern for the possibility we’re going to a a place we can’t get back from, I’m stepping back from the brink.

    At a very general level, here’s what I’m gonna be doing over the next 4 years. I’m going to be looking for what’s great in America RIGHT NOW and looking down the road to even better things to come.

    My appeal to all thinking people? Join me in this very fundamental level of agreement. Do it now. Make the commitment before the election next Tuesday so everyone can know this isn’t just a partisan thing.

    That means I’m gonna be fair to our next president. I’m not going to call him names or be disrespectful to the office of the presidency. While I may not agree with his every policy, I’ll be fair in how I evaluate his wins and losses. And, yes, that means if Romney wins and then goes on to do a good job I’ll give him credit it for it.

    I think we can do better. Let’s agree now, regardless of the election’s outcome, that we will move forward in this spirit. Let’s commit to get behind the next president and root for America to win under him. Deal?

    (Report comment)

    • Noesis

      So, even though we believe that liberalism is a cancer upon our great nation, we are to just “lay back and enjoy it”?

      Not going to happen.

      (Report comment)

  • Noesis

    Hey Ken, the problem is that democrats caused this financial mess, not republicans.

    Indie… since the start of our country to the end of Bush – over 200 years, our debt was $10 trillion.

    IF Obambi is elected, he will have doubled that amount in just 8 years.

    (Report comment)

  • indieVoter

    Mr. Woods, you raise some interesting points and I’d like to address a few of them…in no particular order.

    - “…we’re not going to crash until after the next four years are over…government checks become essentially worthless…”

    Statements like that were appropriate back at the end of 2008 when we were at the brink of seeing the very fabric America’s economy unravel. The future of the banking system and the auto industry were both in question. Everything was at stake and very much up in the air.

    We’ve still got some work to do but America’s no longer in the red-alert state it was at when George Bush left the White House.

    - “…four more years of ruinous spending…”

    Just remember what Bill Clinton said at the DNC in Charlotte. The National Debt quadrupled under the Republican administration that preceded him and it doubled under the Republican administration that came after him. Republicans spend just as much, if not more, than Democrats.

    - “If not now, when?” (re: balancing the budget)

    I can think of 2 times in recent history when balancing the budget appropriately took a back seat to other national priorities. One was the aftermath of 9/11 and the ensuing war on terror. The other was when we were at the depths of the Great Recession.

    However, Mr. Woods, there was also a time in recent history when we did balance the budget. When Bill Clinton was in office those in the very top income tax bracket (for those making over $250K) paid 3.6% more and we had a budget surplus. Now that we’ve weathered the worst of the Bush Recession we need at long last to end his tax holiday for the rich and put it back where it was under Clinton. Let’s get back to the Clinton budget surpluses.

    It’s not rocket science. We’ve had a balanced budget before and the guy who did it is campaigning for Obama because Bill Clinton believes Obama’s policies are working. As he also said, NO president that came before or after him could have brought America all the way back from where it was at in January, 2008 in just four years. We’re on the road to recovery. The investments Obama made were sound.

    Our auto industry is back.

    Our banking industry is stable.

    Over 5 million jobs have been created.

    The stock market has almost doubled.

    We’re on the right track. After this election it’s time to end the nonsense of the McConnell “make Obama a one term president” mentality. It’s time for republicans in congress to once again support things like jobs bills and tax cuts for small businesses. It’s time to put America first.

    I share your concern about the national debt, Mr. Woods. I agree we should be responsible and not pass the buck to future generations. The Republicans don’t have a template for balancing the budget but the democrats do. His name is Bill Clinton.

    The obvious difference between then and now is the tax rate for the rich, which needs to go back up from 36% to 39.6% as it was under Clinton.

    The second obvious difference is that we’re still in one war. That’s gonna end soon and we need to not go out looking to jump in a new one. Romney will cater to the neocons who want war with Iran at the soonest possibility. Obama will keep them from getting nukes without putting us into yet another costly war.

    We can’t afford a president like Romney at a time like this in America. We’ve come a long way since George Bush left office but Romney would have us right back there in no time. He won’t go back to the Clinon tax rates and he will start a new war. That’s a formula for disaster.

    (Report comment)

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