WTH? The next 2 yrs Obama to focus on debt reduction?!

[OKDem08]

He needs to make job creation his number one priority. I just watched Sunday's 60 Minutes segment about the 99ers which stated the actual unemployment rate is closer to 23% in CA! And the reporter rather emphatically stated that congressional approval of an extension of benefits is unlikely.

[Starry Messenger]

1. Austerity cuts. It's not just for Europe.

Will we rise up?

[readmoreoften]

15. We'd better. Our lives depend on it.

[laughingliberal]

2. It appears we will be falling in line with the desires of the World Bank & IMF.

Anyone with a basic knowledge of economics knows one reason we're still in such a mess is the inadequate stimulus provided by the government and that spending cuts any time soon are a death sentence for the real economy. Matters not. The masters have spoken.

[leftstreet]

3. Look, we all have to tighten our belts

Consider this poor bastard. He couldn't afford the world's largest yacht, so he had to settle for the 6th largest yacht.

I feel really bad for him BUT at least he's trying to make do.

We could all learn something from him

Music mogul David Geffen is now the sole owner of Rising Sun (above), the world's sixth largest yacht, having seized control from co-owner Larry Ellison. Originally commissioned by the Oracle billionaire from Germany's Lürssen shipyard in 2004, the 456 ft. megayacht cost about $250 million to build.

http://www.luxist.com/2010/10/25/geffen-buys-out-ellison-to-seize-control-of-worlds-sixth-larges/

[Starry Messenger]

4. gmta!

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=9387265&mesg_id=9387432

I don't know how he bears the strain. :cry:

[phasma ex machina]

6. The strain of what? Trying to squeeze his super-sized ego into it? nt

[Starry Messenger]

12. Cheap teak.

People say you can't tell the difference, but really...what do they know? I bet it smells funny.

[leftstreet]

7. lol

That was YOU who posted that.

I knew I'd seen it, but brain-fogged it and had to Google

:hi:


I just feel so bad for him

:cry:

[Starry Messenger]

11. Poor Larry's is even tinier.

Hopefully he can sue to get his property taxes lowered again in San Mateo county. Sure, we lose teachers, but I lose sleep at night knowing the man might not have a helipad. :cry: What if he has to eat cheap caviar? This could leave long-lasting scars.

[Arugula Latte]

5. Okay -- Slash the hell out of the military budget.

We send billions and billions down the toilet of the military every year. Slash it.

[daylan b]

8. Did you know we could eliminate the entire military

and in addition to two million newly unemployed soldiers, we'd still have a budget deficit in the hundreds of billions.

[Arugula Latte]

9. Well, it's a start.

Slash it.

[OKDem08]

16. You know, I agree with you but the sad thing is that the

devil's advocate up there has a point. The MIC has morphed into somewhat of a jobs program for this country. I know that when the mere whisper is made of possible closure of Tinker Air Force Base in OK, there is a collective gasp at the economic implications. Tinker AFB is one of the primary employers in this state.

I suspect this is the status quo & similar elsewhere by design.

[daylan b]

22. It's most certainly by design.

There is absolutely no strategic reason for the way domestic military bases are located. The 'strategy' is making sure they are spread across congressional districts.

But hey, it's a forum, reality be damned.

[phasma ex machina]

10. America's financial trajectory just about ensures that the powers-that-be will lose their virtual

empire whether they like it or not.

[kenny blankenship]

13. Yum!

[villager]

14. "Change" means "in 'entitlements.'" Can't upset our banker bosses, now can we?

n/t

[OKDem08]

17. Very well stated. Obama has been such a disappointment.

[Bluebear]

19. +

[awoke_in_2003]

18. want to cut the deficit...

bring the troops home and tax the rich. Pretty fucking simple- so simple that we will ignore it and cut social programs.

[donheld]

20. If he doesn't focus very heavily on JOBS he may as well pack his bags.

[silver10]

21. Is Obama now a teabagger too?

Bush had 8 years to spend wild for crap his cronies want, running through Clinton's surplus and the vast majority of American people got nothing for it. Now it's our turn, and we have to tighten our belts?

What is this shit? The corporations do NOT want to pay their fair share, are making profits and instead of paying taxes, they're buying back stock to artificially drive up the price for their options. They don't have to spend money to make money because they're taxes are so low. Why invest more in the company to make more when you don't have to?

Now, there's a chance for the government to spend money for infrastructure, health care, R&D, education, which helps the average American, because it DOES create jobs, but it does not benefit the elite. It only increases their taxes, cost of labor, and threatens they're superiority.

What do they do, they use scare tactics to frighten the tiny-brained? If we spend money now, more people will have jobs through projects, who in turn will spend money, and all this activity provides tax revenue that will eventually pay off the debt.

With Obama's new mission, we will NEVER get out of the recession and the hole we are dug in. Thanks to the greedy elite and the basterd, dumb-ass ignorant teabaggers they have manipulated.