House passes Ryan's 2012 budget plan; conservatives want more cuts

The House on Friday approved a fiscal year 2012 budget resolution from Budget Committee Chairman Paul Ryan (R-Wis.) that seeks to drastically limit government spending next year and in years to follow.

But the vote on the measure — which imposes $5.8 trillion in spending cuts over the next decade — came after a clear sign that at least half of the Republican caucus supports even tougher spending cuts.

The final tally was 235-193, with four Republicans supporting it and every Democrat opposing it.

It will now be considered by the Senate, where it is considered dead on arrival.

thehill.com...

It's a start. Now realistically, it won't pass the senate. But the gauntlet has been thrown. It should be interesting to watch.

The saying " Too little too late" comes to mind.

This may have worked 2 or 3 years ago but I think it is far too late to fix the financial mess the US is in. It is all just a show now. Trying to delay the inevitable so they can squeeze more out of us until it all comes crashing down.

The only way to fix it now is pour gas on it and set it on fire.

Originally posted by watchitburn
The saying " Too little too late" comes to mind.

This may have worked 2 or 3 years ago but I think it is far too late to fix the financial mess the US is in. It is all just a show now. Trying to delay the inevitable so they can squeeze more out of us until it all comes crashing down.

The only way to fix it now is pour gas on it and set it on fire.

I hope you're wrong.
Really.

I could be wrong, but I don't think so.

Another 365 billion and the Debt will equal the GDP, and that is not counting unfunded liabilities.

All told us taxpayers are on the hook for about 130 Trillion. There aint no fixing that my friend.

reply to post by beezzer

I think he is right. It is too late now. The economy is going to crash unless we make immediate draconian cuts and get rid of the damned FED. Neither will happen, so wave goodbye to the USA my friends.

Originally posted by watchitburn
I could be wrong, but I don't think so.

Another 365 billion and the Debt will equal the GDP, and that is not counting unfunded liabilities.

All told us taxpayers are on the hook for about 130 Trillion. There aint no fixing that my friend.

Was there ever any intention to fix it?
It makes me wonder.

Originally posted by watchitburn
I could be wrong, but I don't think so.

Another 365 billion and the Debt will equal the GDP, and that is not counting unfunded liabilities.

All told us taxpayers are on the hook for about 130 Trillion. There aint no fixing that my friend.

Unfunded liabilities, ie the entitlement programs and these unending wars will be the death of our republic. Either the US disintegrates, or we become a dictatorship. Just like Rome and Germany.

reply to post by beezzer


I don't think there ever was. The bankers have always feared a debt free USA. They are glad to see us go.

Originally posted by watchitburn
I could be wrong, but I don't think so.

Another 365 billion and the Debt will equal the GDP, and that is not counting unfunded liabilities.

All told us taxpayers are on the hook for about 130 Trillion. There aint no fixing that my friend.

And if/when these derivatives come due, it 10 times that. 1.5 Quadrillion in debt.

www.globalresearch.ca...

As "watchitburn" said. Throw a match on it, it's over.

We are like the band on the titantic.

I don't see the US collapsing so much as just changing.
Too many economies rely on us, for better or worse, we are in this together. I just don't think the other countries are going cut off their noses to spite our face.

obama spent 4 trillion and now all his fake concern is cut the budget but the budget

which means cut defense cut defense cut defense tax the rich tax the rich some more tax the rich agian.

add more entitlements
add more entitlements
add more government subsidies
add more government subsides.

the projected national deficit is 21 trillion over the next ten years thats today another 4 more years and you can be that will be doubled.


no amount of budget cuts mean anything unless the other larger problems are addressed.


its like me giving you $100 and then you go around and spend $10 million bucks and thats all we really do

give give and they keep taking and taking and leaving us to blow in the wind.


i have had enough of obama vote him out in 2012!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

What would we look like as a debtor nation?
Begging doesn't come easy. . . .

reply to post by beezzer


we already are

and we beg china and japan for trillions everyday

Originally posted by beezzer
I don't see the US collapsing so much as just changing.
Too many economies rely on us, for better or worse, we are in this together. I just don't think the other countries are going cut off their noses to spite our face.

beezer,I believe that we are entering a new era. Countries will be struggling to keep their citizens in check.becoming more interdependent. The countries that are in the most dire straits will be the most dangerous to stability world wide. This is not going to be pretty...

reply to post by daddyroo45

ergo, we invade and stabilize?
Hmmmmm. . . . .

reply to post by beezzer

It's a start. Now realistically, it won't pass the senate. But the gauntlet has been thrown. It should be interesting to watch.

What an incredible waste of time and money.


If at my job, I started a project that I knew had no chance of being completed successfully...I think I would be fired. I don't think the excuse of looking like you are busy when you really aren't accomplishing anything would fly with any boss.


But I guess some people really enjoy the theater.

Originally posted by beezzer
reply to post by daddyroo45

 

ergo, we invade and stabilize?
Hmmmmm. . . . .

I certainty hope not. Don't you think that the majority of the public has caught on to the game.? There is no such thing as a popular war anymore...

reply to post by OutKast Searcher


It's been nothing BUT theatre for years now. Might as well grab some popcorn, get a slurpee and enjoy the show.

reply to post by daddyroo45


I honestly think people are waking up.
But many more still know more about who won on Idol than where we are fighting or how important our fragile economy is.

Originally posted by beezzer
I don't see the US collapsing so much as just changing.
Too many economies rely on us, for better or worse, we are in this together. I just don't think the other countries are going cut off their noses to spite our face.

If that happens, we become either a fascist or a socialist dictatorship.