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The Squawk of the Day - Dec. 1, 2012

"Oh, no! Tim Geithner, U.S. secretary of the Treasury, proposed eliminating a debt ceiling! Just give the president unlimited spending is what that indicates. He also proposed more spending programs. Sounds like we are on our way to spending beyond control."

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Comments

Jax 1 year, 11 months ago

"On our way to spending out of control"? It seems as though we've blown way past that at this point. It's Greece or (and) bust from here on out. This country will eventually bankrupt itself, and we'll all be along for the ride. Nothing we can do about it anymore, is there, Fryar?

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Sherwood_Eagle_Alum 1 year, 11 months ago

The good news for most of the regulars on this website is that by the time any of this spending truly comes back to bite us in the hind-quarters they will be deceased.

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FryarTuk 1 year, 11 months ago

You must live somewhere else. Businesses and people are struggling now because of the economic problems precipitated by overspending. Many families including seniors have lost their homes to foreclosure, a lot of jobs are gone, unemployment is rising, most retirement and savings accounts have been lost up to 50% since the 2008 stock crash. The downgrading of government credit again cost about 20% loss of accounts. Real estate values, particularly homes have decreased substantially and that is a huge part of most seniors wealth. Many seniors are forced to work into the retirement age to make things work.

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Sherwood_Eagle_Alum 1 year, 11 months ago

I won't argue with you that times are tough. I fear that it will be much worse when these financial decisions come back to bite us. I am talking 10 to 20 years from now when the dominoes fall in a way that we cannot get back above water due to the decisions being made over the last few years.

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waltspecht 1 year, 11 months ago

Had we all voted for Ron Paul this wouldn't be happening. Problem is Eagle, we leave it for our Children's children. I also believe you just might be wrong. I possibly see some Viet Vets utilizing some long ago learned skillls one last time before they leave this World. Social uoheaval just might be comming shortly.

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Sherwood_Eagle_Alum 1 year, 11 months ago

I hope I am wrong, Walt. I am planning my 401k and other investments under the assumption that I will not see any social security payments or benefits of any kind.

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RedEric 1 year, 11 months ago

I think it will be sooner. The government allowed companies to loot retirement packages. They are already reducing SS by giving raises below inflation. Medicare costs alone rise above inflation increases. So your 401k, company retirement are all vulnerable as potential funds for the unwashed. It should be obvious soon even to Fletcher that the goal of this administration is not for the restoration of the American dream. Centralized government and socialism will not turn out well...it never does. Regulations for energy, business, immigration, health care all designed to cripple our country.

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chinaberry25 1 year, 11 months ago

Next will be the laws of the land. You will no longer need a law force and you can murder at will. Why can folks not awake to the pied piper. We have our guns and can live off the land, but I sure will miss the electricity.

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FryarTuk 1 year, 11 months ago

I am always amazed when I read about George Washington. His wisdom was simply a marvel to behold. Few presidents with the possible exception of Ike had the depth of understanding of the soul and foibles of America's political personality. Washington new of the proclivity of the power structure to lean on foreign sources and resources to move the new found country to stability. Some were essential, some were convenient, some were harmful and hence his admonition to beware foreign entanglements. Ike strongly urged the US politicians not to sell the American heritage to the military industrial complex because he understood that if we had might there would be the temptation if not false justification to use it. Both presidents well understood the value of the US would be fulfilled if we tended to our knitting. Then comes a social welfare contract in the 1960's of something for nothing. Which essentially drove poor families apart - no man/wage earning could be in the home- to receive assistance. The contract did not require the recipient to send their dependents to school or to develop skills or to find a part time job. It just said here's some assistance. We all know where the welfare contract ended. With the welfare to top (corporations) and the welfare to the poor, we have a pretty risky proposition on our hands.

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badheavychevy 1 year, 11 months ago

Oh no....sounds terrible!!! I suggest you move to Canada right away!!

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Sister_Ruby 1 year, 11 months ago

The worst thing about our country's current economic trends is idiots like you, chevy, who are either too stupid to realize what shape we're in, nor to realize how impossible it is going to be to fix it.

As long as you get yours, then you're blissfully ignorant.

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VSU 1 year, 11 months ago

You do know that badheavychevy is coachjohnson42/bubbasmithredneck using a new name don't you? Well you know now. That explains the stupidity.

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VSU 1 year, 11 months ago

Once this country destroys itself from within, I can look in the mirror and say "It wasn't my fault" I didn't vote for Obuma.

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Sherwood_Eagle_Alum 1 year, 11 months ago

Saying that won't change anything, though. We must not become apathetic.

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Sherwood_Eagle_Alum 1 year, 11 months ago

I fear too many of our country's leaders are looking short-term without regard for the long-term implications. Maybe it's not their fault. We as a society voted them into their positions.

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bigbob 1 year, 11 months ago

This guy is obviously retarded, he wants to give a muslum unlimited spending.

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Cartman 1 year, 11 months ago

Another reason to let the fiscal cliff happen. Shoring up this disaster only prolongs it. Embrace the horror.

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badheavychevy 1 year, 11 months ago

Republicans want this fiscal cliff to happen. I dont know how that helps anything. Learn to compromise and work together and stop acting so stubborn.

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badheavychevy 1 year, 11 months ago

can someone explain why Republicans would want such foolishness?

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FryarTuk 1 year, 11 months ago

The same reason Obama didn't fix it his first time around. He had a compromise on the table and could have worked it. He walked away rather than lead. He wanted to be re-elected and he put that before his responsibility as did the extremist right. The question to be asked of the community organizer is this - Why didn't you support your own commission that you installed - the Simpson-Bowles Commission? A few tweaks and we are there. The real issue is that he would not have had the hysteria in the financial atmosphere we have to keep the voters excited. Just like the stupid right wing, he put his re-election before the country's interest.

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