Show of HandsShow of Hands

Show Of Hands August 8th, 2012 12:00am

Because Congress did not reach agreement on a deficit reduction plan last Fall, $1.2 trillion in Federal spending cuts are scheduled to begin in January. Will these cuts hurt or help the U.S. economy?

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ishady 86451132020
08/14/12 1:07 pm

It was an argument I made from the church stopping scientific advancement.

DanMaclean Michigan
08/14/12 9:46 am

Ishady I don't know what religion had to do with flying cars. I'm an atheist nothing religious makes sense to me. We have the technology to make flying cars but to go though all the red tape and government BS would be almost impossible. (Fuel efficiency standards for example)

ishady 86451132020
08/14/12 8:16 am

More ppl out of work means less of a tax base less spending. Austerity will not harm the recovery?

ishady 86451132020
08/14/12 8:14 am

You ever wonder why Europe has better education, health care and less religious oppression today?

ishady 86451132020
08/14/12 8:12 am

Didn't austerity harm Spain? Your party's massive cuts will they costs jobs and stop this recovery?

ishady 86451132020
08/14/12 8:10 am

All those are still legal right? Oh not the pot

08/14/12 7:27 am

Ishady and you can blame your party for the lack of any moral compass and why people have no limits and life has no value. Now go fart in public role a joint and have yourself an abortion and we won't care.

08/14/12 7:24 am

ends up in inflation. If your the government thats good because your debt incurred actually becomes more manageable. Just get a wheelbarrow for the money you need when you go to the store, easy fix, right?

08/14/12 7:22 am

Whats happening in Greece, Italy, Spain is what happens to countries when you run out of other peoples money. In this case Germany isn't willing to loan them anymore of their Euros. China is signaling the U.S. that they are about at their limit which ends up with more QE action by the fed which

ishady 86451132020
08/14/12 1:21 am

You can blame your party's silly religion for the lack of flying cars.

ishady 86451132020
08/14/12 1:17 am

American sweatshops. That's what's needed here.

DanMaclean Michigan
08/13/12 5:48 pm

Since we can't pay workers $0.20 per hour, how about we eliminate corporate income tax and remove complicated cumbersome regulations. Better yet leave the shitty jobs to China and let Americans do real work. I expected to have flying cars by now for example.

DanMaclean Michigan
08/13/12 5:45 pm

Idiot, WalMart is successful because they realized they can make products cheaper overseas. To get the jobs back, WalMart needs incentives to make products here.

ishady 86451132020
08/13/12 12:14 pm

How about the billions spent in Afghanistan? Does the GOP want to keep spending money overseas? Bring our troops home.

RandFan Headed to IPhone rehab
08/13/12 8:40 am

Idiot. The "Free Market" would gather all the money in the hands of those with the best advertising. Look at WalMart. The most destructive business to our economy.

DanMaclean Michigan
08/12/12 7:38 pm

The free market could reform the way they do things but we would need to deregulate. Politicians hate giving up power and control.

adalla Virginia
08/12/12 3:02 pm

Incidentally it's only about $6tril in external debt. The other $10tril is money we stole from social security. THAT we'll write off when Soc Sec is ended.

adalla Virginia
08/12/12 2:59 pm

NYEvo - bond sales are down, and several have been cancelled due to lack of buyers. China has cut its holdings from nearly $4tril to just over $1tril and seems headed to $0. Most of our debt is being purchased by the fed with printed money. The smart people are getting out of the way of the wreck..

ishady 86451132020
08/12/12 1:44 pm

The GOP has no intentions of fixing healthcare. More let the market fix itself policy.

DanMaclean Michigan
08/12/12 12:13 pm

Depends on what they cut. End the wars, cut military spending dramatically for starters. Medicare also needs to be addressed but first we need to reform heath care all together.

08/11/12 2:08 pm

It's bull crap..but every bit helps..

jimmie Missouri
08/11/12 1:27 pm

How could spend while in debt help

08/11/12 9:33 am

Hurt in the short term by putting people out of work. Theoretically good in the long term, assuming we can redesign the entitlement and defense program, both of which are broken.

Threeper301 Gilbert, AZ
08/11/12 1:32 am

@JacquesV: I hear ya. November can't get here soon enough. Get Obama out, and Let Freedom Ring!

08/10/12 5:02 pm

If this cut happens, I may lose my GS07 job. ...I don't want to have to collect unemployment; I want to work, Mr. Obama!

Sporter80 Oklahoma
08/09/12 10:12 pm

Was it Hoover that said, 'pick yourselves up by your bootstraps'?

Itabliss Hello
08/09/12 8:16 pm

Hurt in the short term. Help in the long term.

08/09/12 4:26 pm

People saying help have no idea how Gross Domestic Product works. Alarming.

08/09/12 3:28 pm

Haha. 51% of people think a $1.2T cut in a mediocre/bad economic climate will help the economy? Comical.

NYevo NY
08/09/12 2:09 pm

The stimulus wasn't trillions. Fyi

chrismisen atlanta
08/09/12 1:36 pm

better than making another bonehead 'stimulus' that puts us trillions more in debt.

NYevo NY
08/09/12 9:11 am

i'd like to point out that no one is really banging down the treasury doorway trying to sell back 10 trillion bonds (aka our debt). If anything, they're buying more now than ever. Maybe for that reason its ok to cut a moderate amount of spending and slightly raise taxes. No need to tank the economy

JFradley Hawaii
08/09/12 8:47 am

‘The countries threatened by recession & deflation should avoid intensified austerity measures because these are unlikely to produce the intended outcomes & could propel the world into a renewed recession, or even into an outright depression.’

adalla Virginia
08/09/12 7:33 am

Still wrong. Crashing more slowly is still crashing. Actually turning our spending crisis around would take cutting most ALL welfare, defense, social security, Medicare, Obamacare, education, farm subsidies, homeland security and fed bureaucracy. Small tax increases won't help. Ain't gonna ever

08/09/12 7:05 am

Anybody who thinks we can't afford to cut defense spending, but that all other spending is fair game is a hypocrite!

08/09/12 4:46 am

At first it will hurt then it will help.

NYevo NY
08/09/12 4:27 am

Yup. Its gonna take cutting and taxing

adalla Virginia
08/09/12 4:09 am

Lol @ "no more useless spending"

Get read up on the facts. Even THIS impending huge cut won't end deficit spending. We'll be going deeper in the hole more slowly. That's all.

So many don't seem to understand the DEPTH of our debt crisis.

MCW64 Arkansas
08/09/12 1:31 am

Thank God! We needed this! NO MORE USELESS SPENDING!!! Social Security and Medicaid needs reform! And congress needs 2 quit pork barrel spending.

08/08/12 10:56 pm

What I hate most about the poor is I have to look at them being all poor n stuff
Romney 2012

08/08/12 10:15 pm

This means less jobs are being created thank you Republicans for your sagacity.

RJ1969 SoCal
08/08/12 10:04 pm

The last thing we need to do is barrow money when the interest rates are at an all-time low!

RJ1969 SoCal
08/08/12 10:02 pm

Economy: a. The system or range of economic activity in a country, region, or community

JaquesV Bentonville, AR
08/08/12 9:21 pm

Dear Asinine Government,

Please stop spending money you don't have.

Peter (the guy you're robbing to pay Paul)

adalla Virginia
08/08/12 8:24 pm

When someone "hopes" they can have more of your money the proper response is "nope.". Unless you're a moron.

dflem Arizona
08/08/12 7:26 pm

Cut cut cut. Wish I had unlimited funds and when credit companies called could just delay it for months with no consequences. Must be nice...

08/08/12 7:00 pm

It will Hirt but I think it needs to be done

08/08/12 6:47 pm

This is just another example of the dysfunction of congress. The party of "hope" versus the party of "Nope!"