Your Questions About The Entitlement Trap

Mark asks…

Obama doesn’t want to deal with real economic issues?

http://www.politico.com/news/stories/0211/49613.html

When it comes to curbing the debt, Obama looked to cut a fraction of discretionary spending (yet not defense which is part of discretionary), yet ignored the fact that our mandatory spending which is 2/3s of our budget, an item that used to be a quarter of our spending in the 70’s, which has grown, and is expected to become more costly if left idle. SS, medicare, and medicaid being thy main items for our expenditures, whether they need to be eliminated or simply reformed, not looking at these items means not looking at the debt problem.

http://assets.opencrs.com/rpts/RL33074_20100216.pdf
(mandatory spending)

http://www.washingtontimes.com/news/2011/feb/14/debt-now-equals-total-us-economy/?page=1
(US debt now equals, entire US economy)

“Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly $2 trillion, to reach $15.476 trillion by Sept. 30, the end of the fiscal year.”

“In one often-cited study, economists Carmen Reinhart and Ken Rogoff have argued that when a nation’s gross debt passes 90 percent it hinders overall economic growth.”

No surprise though these items are considered political suicide, and the article describes it perfectly with setting the entitlements trap. Anyways, what are your thoughts on the articles after you read them, on the topic at hand? What should be done about these items?

richmama answers:

Obama stated that he wants to cut incrementally and in the budget, he eliminated some programs that didn’t work and combined them with programs that did work. However, I am still in the camp that a combination of spending cuts and tax increases have to be made to generate enough revenue to pay off debt. So, I am okay with the level of cuts Obama proposes but I don’t like where he is cutting. At any rate, the debt is choking our ability to grow the economy at a rate that it needs to grow. However, investments in education and infrastructure still have to be made as we are falling dreadfully behind the rest of the world. Since Obama’s budget included tax increases as well as cuts, the plan is on the right track. Let’s hope Republicans are serious about this issue as well.

Daniel asks…

What’s the chance we will have a FEMALE president in 2012?

Sarah Palin is still around & aggressive Michele Bachmann is a fav with the tea parties & more Libertarian of mind. I mean the only viable male RNC candidate the RNC has to offer would be Ron Paul & they trashed Ron for good. There’s the ole standby fill in politicians like Romney & McSame but there as marxist or more than Obama is. Obama still has a following but completely failed to drastically reduce the size of federal government & the related union influence.
With the American public increasingly weary of the government entitlement programs trap & sick & tired of the lack of government transparency with the fed reserve, will Bachmann &/or Palin be seen as the answer to curb the run away federal government by the constituency?

richmama answers:

There are currently no females in a good position to run successfully. If you study economics and understand the current state of our country, then the candidate that makes the most sense is Dr. Ron Paul by far. The bottom-line is that the candidate that raises the most money will usually win. Dr. Ron Paul has actually raised more money than any Republican in history. But only time will tell… You never know what will happen until it happens when it comes to politics.

Mary asks…

Are Entitlements the banana in the monkey trap?

For those of you who’s never heard of a monkey trap
http://www.urbandictionary.com/define.php?term=monkey%20trap

The monkey could run to safety at any time by releasing the banana. However, because of his refusal to let go of the bait, he looses his freedom AND the bait.
… who’ve …

richmama answers:

Or the fact that 47% pay no federal income tax!!!

Sandra asks…

Is it bad that I switched parties from Democrat to Republican?

I used to be a Democrat and elected to the AS House of Representatives for the Black Student’s 2nd district here at my school. My husband, who was the Republican AS Senator for the Gay-Straight Alliance club at the time, convinced me that the GOP is the only party that will help young, black Americans get out of the cycle of entitlement dependency that the left has us trapped in.

richmama answers:

It is a sign of maturity and a good move.

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