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Sleekstep

Where will Obama get all their money to spend on all his different plans?

He has two options:1. To Borrow. With the US in so much debt, that doesn't seem like a good idea.https://www.cia.gov/library/publications/the-world-factbook/rankorder/​2079rank.html2. He can print more money, which causes inflation, which causes rising prices, which.....Do you see the point?
Lisa007:

Sleekstep- There is no easy way to pay for this bailout. It is going to be another stick inthte deficit area. I do know that I agree more with where Obama is going to cut spending and raise taxes. A hard working family that makes $40,000 is not as likely to be able to adjust their spening needs to keep their house, car and food on the table as much as family making $600,000 or more. If these families lose their spending power or even foreclose ontheir house, then the economy is going to remain in the recession and fall farther into a recession. If the rich really believed in country first, they would recognize that they may need to step up and pay more taxes to help bail our nation out and maybe they would be limited to only 2 vacations to Can Cun a year as opposed to 3 or 4 a year. There are many places he is going to reshuffle the money for these plans, and I don't care who is running for president, none of these are going to happen over night. They have to pass 1st.

Lisa007:

Things that took place during the Clinton which helped with the taxes is there were more people working. These people then generated productivity and pay taxes. They have more money to buy things in which there are taxes to be paid on items. He also didn't have a boat load of money going toward war. Currently, we just have so much wasteful spending going to areas that are not making a positive impact on the world. McCain was a war hero. He basks in the glory. Sometimes I think it may have been part of his glory years when he came back as a POW. Sometimes, I think it is that glory that he received that makes him a proud soldier and kind of distorts war as a positive thing in his life. My husband is a disabled veteran. He had no camera crews and he does not preach about his incident for attention or say it made him more patriotic. He sees war as a horrible solution to people not being able to talk civilly.
I like Obama's spending plan way better than McCain's.

Lisa007:

Clinton found a way.

The 700 billion bail out to the rich was a mistake that is going to hurt worse than anything.
I am tired of supporting the rich Socialism government in this country while I as a middle class citizen must operate under the capitilist system.
If we spend $10 billion a month in Iraq, where is that money coming from. Byt he way, when the spending plans are compared, mcCain's actually will cost more.

Sleekstep:

No, I am not saying that McCain's spending will be less. Also, could you give me your source that says McCain will spend more? Just curious to see it. Also, how is our current situation "socialism"?

Cutey with a booty:

You do NOT want govt to spend less when a recession like this is hitting us!!! Govt cutting spending now will be the worst thing you can possibly do. See my reply.
Keynesian economists believe that you need to spend your way out of a recession! When business and consumer spending falter, govt needs to step in and spend spend spend money on infra improvement project so that the next economic bloom will benefit!

Sleekstep:

Well then, if we need to spend more, according to Kate, we should vote for McCain.....

Cutey with a booty:

sleekstep: it depends. You need to spend money on the right projects! Projects that will improve the right infra so that the next economic cycle will benefit.
War in Iraq for $10B/month is questionable in terms of infra improvement project. Will the next economic cycle benefit more from improved infra in USA or improved infra in Iraq? Iraq will reap the benefit, not us.

Sleekstep:

Yet is it not more just to help those in need?

Nancy:

I cant give you a source for McCain's economic plan because he does not have one. He is just saying what people want to hear and he is flying by the seat of his pants. Obama has a website were he lays out his whole plan barackobama,com/plan you can read it there. McCain is an compulsive gambler, he has an addiction. He said so himself. I do not trust him with my money or my families life.

Sleekstep:

I see your point though.
And Kate: I do not agree with the bailout either

Sleekstep:

Technology, Innovation and Creating Jobs
New Jobs Through National Infrastructure Investment
Create five million green jobs.

This doesn't answer my question. Where will he get all the money needed for these things.

Sleekstep:

Kate. "Clinton found a way"
Someone Please elaborate. I wasn't around in the clinton era.

Cutey with a booty:

sleekstep: the money comes from deficit spending! It's like, where did money come from last 8 years??? govt was running a deficit by borrowing!!!

Sleekstep:

Yes, I see. But it now takes all of our taxes just to pay the interest on the national debt. How is this good? It is never good to borrow more.

Cutey with a booty:

With global recession looming, unfortunately, government probably needs to continue to spend spend and spend.
Obama will probably have to run a deficit for a while, but then, George W Bush has been doing the same thing in the last 8 years too...
You spend your way out of a recession, because GNP = Consumer + Biz Investment + Govt Spending + Export - Import

Sleekstep:

Thanks

Sleekstep:

I don't see how keynesian theory works. I support Austrain economists. I really don't see how spending more fixes things.

Sleekstep:

It's a nice thoery. Really. But give me an example of it actually working.

Cutey with a booty:

You should read about FDR and the New Deal!!!
You can read all about it here: http://en.wikipedia.org/wiki/Keynesian
However, like all economic theories, it is not without criticism.

Sleekstep:

Thanks AChoi.
I have read lots about FDR's New Deal. I think it was the biggest mistake ever. More Gov. Control = Less personal freedom.

Cutey with a booty:

Well, sleekstep.. when you have nothing to eat, no place to sleep, no clothes to wear because of economic depression... personal freedom becomes secondary need.

Sleekstep:

Ok, good point.
But I must echo the words of Patrick Henry "give me liberty or give me death". Who gives the government the right to take care of me. I can do it myself.

Headache:

you forgot one.............
3.or he can practice basic economic principles and promote responsible spending

Sleekstep:

Yes, which I certainly hope he does if he is elected.

Headache:

me too
thank

Alabama:

Tax the American worker.

Tangent Bill:

Obama doesn't know what the heck he's doing. He's a smooth talker, but very bad policies.

The:

First HE came for the over 250k, We said nothing.
then HE came for the over 231k, We said nothing.
then HE came for Me. Anyone left help Me?

Goggie:

Get out of Iraq---that's 10-12 billion a month.

Sleekstep:

That wasn't my question.

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