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

[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.

[WNYresident]

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.

What is Obama's salary? What is the salary for each congress person and federal/state government employee.... When we see across the board cuts in salaries then we have sacrifice... otherwise it's just others paying more.

[Dougles]

What is Obama's salary? What is the salary for each congress person and federal/state government employee.... When we see across the board cuts in salaries then we have sacrifice... otherwise it's just others paying more.

he makes 400K with a 200K a year pension! Congress people and senators can make anywhere from 150 to 300K depending on how many committee's your on and your title, ofcourse they get a pension too!

[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.