The Solution is to Live Within Our Means

[gonerail]

[nickelcityhomes]

The best part is at the end when Army says that some people are gonna have to eat it. I'll bet my last dollar none of the people he is referring to hold an elected office.

Best of luck to the keynesians in their glorious quest to save a drowning man by throwing him an anchor.

[MartoQ]

Best solution is to live...... Wow been doing that all my life...but you know what I want a little more than that and By God I am going to have it!!!

[justKel]

"Fiscal Child Abuse"

LOL

I bet they didn't say that when the Illustrious Bushi started this inane and expensive war in Iraq.

How much has been spent on that now?

[WNYresident]

"Fiscal Child Abuse"

LOL

I bet they didn't say that when the Illustrious Bushi started this inane and expensive war in Iraq.

How much has been spent on that now?

Ron Paul has been against the war in Iraq since day one.

[Dougles]

"Fiscal Child Abuse"

LOL

I bet they didn't say that when the Illustrious Bushi started this inane and expensive war in Iraq.

How much has been spent on that now?

About 1/3 as much as we've spent on illegals in the same time frame!

[run4it]

So Paul's solution is to "live within our means." Implicit there is that we haven't lived within our means to this point (or at least haven't been for a long time). So we all have to cut back on our lavish styles, both as a nation and as individuals. And Ron Paul is a political genious (yeah, that's sarcastic, though I don't disagree with his point here).

But when Obama puts it a different way and says "we will all have to sacrifice," meaning we all will have to cut back and "live within our means," he's a horrible socialist who is going to end America as we know it.

Priceless...

[Save Us]

How does that work when two thirds of our economy is based on consumer spending? If this is what is like with artificial propping up for all these years I hate to see what will happen if people really do start living within their means,, which by the way is going to be lower in any case.

[Anotherview]

Limit taxes to just a federal, state and county tax and let us use the rest of our income to live. Of course, this would mean government would have to learn live within their means

[300miles]

How does that work when two thirds of our economy is based on consumer spending? If this is what is like with artificial propping up for all these years I hate to see what will happen if people really do start living within their means,, which by the way is going to be lower in any case.

You hit the nail on the head! Our economy is not supported by people saving their money! Over the decades it has been propped up from everyone spending as much as they can... and then even more by going into debt. Debt had been made very easy to obtain via credit cards, low interest rates, and mortgages that don't even require down payments. THIS is how our economy boomed. It's coming to a screeching halt people people are (rightfully) afraid to spend now.

The "right" thing to do is to live within our means, but unfortunately, that policy will not improve our economy for years, until the whole system is realigned to reality. It will be a painful switch. The more likely scenario is the govt will attempt to prop up the debt/credit house of cards again and hope we all forget anything happened.

[Dougles]

You hit the nail on the head! Our economy is not supported by people saving their money! Over the decades it has been propped up from everyone spending as much as they can... and then even more by going into debt. Debt had been made very easy to obtain via credit cards, low interest rates, and mortgages that don't even require down payments. THIS is how our economy boomed. It's coming to a screeching halt people people are (rightfully) afraid to spend now.

The "right" thing to do is to live within our means, but unfortunately, that policy will not improve our economy for years, until the whole system is realigned to reality. It will be a painful switch. The more likely scenario is the govt will attempt to prop up the debt/credit house of cards again and hope we all forget anything happened.

If you remember during the 40's 50 and 60's the US had one massive advantage to most other countries. We had a trading SURPLUS!! However now we have nearly an 800 BILLION dollar a year deficit, THIS has been a major cause for the slowing of the economy the last 40 years!

This country can survive by "living within it's means" as long as we have a trade SURPLUS, how do you think Iran or SA are growing so fast? It's not because they spend more than they make and go inot debt. It's because they have a mutli BILLION dollar trade surplus, meaning they bring in Billions a year so they can afford to save!

[Mr. Lackawanna]

It will take a miracle to get Corporations and Consumers in the United States to but American again. This would mean outsourcing would have to stop. I know first had that the GM industry I worked for bought machinery from foreign counties and ignored similar machinery from manufactures in the United States. Was it the cost factor? As an consumer have you ever attempted to buy an American made product? I have attempted to buy a small kitchen electrical appliance at a big named store in this area. I gave up, all I could find were American brand name products that were made in China. With the new "Global Economy" I don't think there are many consumer products made in the United States anymore. We need to get our manufacturing base back into this country again.

[FisherRd]

But when Obama puts it a different way and says "we will all have to sacrifice," meaning we all will have to cut back and "live within our means," he's a horrible socialist who is going to end America as we know it.

Priceless...

So Obama simply means we just have to live with-in our means? Awesome.

Here most thinking people believed he meant that those of us that work, and those of us that make a healthy living will have to "sacrifice" more of our hard earned money to support those who don't.

Hell, Obama should clarify his remarks, I'm sure somebody as smart as him will get right on that and clear up any confusion.

[WNYresident]

So Paul's solution is to "live within our means." Implicit there is that we haven't lived within our means to this point (or at least haven't been for a long time). So we all have to cut back on our lavish styles, both as a nation and as individuals. And Ron Paul is a political genious (yeah, that's sarcastic, though I don't disagree with his point here).

But when Obama puts it a different way and says "we will all have to sacrifice," meaning we all will have to cut back and "live within our means," he's a horrible socialist who is going to end America as we know it.

Priceless...

I think he meant his "sacrifice" was those who have will sacrifice even more for those who do not. By force mind you in the form of taxes.

[Mr. Lackawanna]

So Paul's solution is to "live within our means." Implicit there is that we haven't lived within our means to this point (or at least haven't been for a long time). So we all have to cut back on our lavish styles, both as a nation and as individuals. And Ron Paul is a political genious (yeah, that's sarcastic, though I don't disagree with his point here).

But when Obama puts it a different way and says "we will all have to sacrifice," meaning we all will have to cut back and "live within our means," he's a horrible socialist who is going to end America as we know it.

Priceless...

As a country we must live within our means I do and don't see why our country can't. I don't care about Ron Paul at all. What I care about is President Obama saying we all have to cut back and sacrifice. Have we heard any details about what will be cut back and who will sacrifice? Will big government get smaller? Will there be any sacrifices to those that receive entitlements? How about the waste in our education system. Until I hear more about his plan, I will remain a pessimist. I fear that those that are receiving will always get more and those that are paying will always pay more. I for one am tired of paying.