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Raise Taxes Cut Spending

Cut spending or raise taxes or maybe both? Any financial advisers out their?

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 ---paul on 6/30/11
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Scott, NR--
Another example would be the ordinary Houstonians who started bringing home-cooked meals to the homeless. They were shut down because their kitchens were not licensed by the Health Dep.

Beginning in Jan. we will be required to use lightbulbs which need disposal in non-existatant "special disposal sites" because of the mercury poisoning hazard they represent. The EPA says this will protect our evironment.

Is anyone supervising those who think they are "protecting" us? Not the democrats.
---Donna66 on 7/11/11


A word about the world debt crisis. 20 years ago in Georgetown Barbados I had occasion to set next to a international banker. In the course of our conversation I asked him(he was just coming from Europe where he had looked at Spain's Portugal's and France's bank records) what is the condition of our banking systems? To which he replied. They cannot pay out today!!! Another words except for floating debt(paper not tied to any one bank) we were way over our heads in debt!! In fact bankrupt!!
---mima on 7/11/11


Nurse Robert--
Bachman knows that unemployment is going to go up under the current administration (or at least not down). And that's what the question indicated, too.

I, personally, have doubts she will be nominated.
I have always felt that it is the Democrat politicians who are more interested in keeping their jobs than in what's good for the nation!
---Donna66 on 7/11/11


Scott, can you give us an example of what you're talking about?
---NurseRobert on 7/8/11

Friends of mine wanted to start helping someone. They got him a job, did some loan organization for a apartment, and many other gifts (groceries, a car, etc) to get him back on his feet. After a while due to lazyness he wanted support by gifts alone and not trying to take responsiblity for himself. Government perspective - drunk monkey research, sea lion food research, paving farm roads that have never been paved, traffic signs that are not needed, and others. These and more in the stimulus bill. If Bush had signed this bill I would disagree still. I like the fast train idea but Americans love cars to much probably will not work.
---Scott on 7/11/11


MICHELE BACHMANN WILL BE OUR NEXT PRESIDENT!!!
---John on 7/1/11

On 7/8, in a CNBC interview:

The host, Carl Quintanilla asked Bachmann,

Does it strike you that as the unemployment rate goes up, your chances of winning office also go up?

To which Bachmann replied,

Well, that could be. Again, I hope so."

So Bachmann hopes people stay unemployed so she can get elected.

This is why I won't vote for a republican. They are more interested in getting elected than dealing with the problems of the nation.
---NurseRobert on 7/11/11




Nurse
Good to enjoy what you do.
---paul on 7/11/11


Are you pushing for PA for that is where the demand is going to be?

No, actually I enjoy being a nurse. I work in LTC and I also teach LPN students. I had given though to going back to school for my NP, but, on a strictly business/financial decision, decided it was not something worth doing.
---NurseRobert on 7/11/11


Paul: In answer to your question about cut spending or raise taxes, I cannot see anything to do except both - the deficit is too big to do anything else - otherwise the US will end up like Greece - bankrupt!
---peter on 7/10/11


Nurse

The Republicans have not proposed to cut federal Pell grants but instead have proposed to not fund the 2011 short fall in the budget for additional funding.

Its all in the language of playing politics, if a program is growing beyond its capacity in an unstable economy especially in a continuing resolution, steps must be taken for preservation sake.

The maximum Pell grant was to be cut by 845 from its original 5550 brining it to 4705, not doing away with it as your language implied but minimizing the benefit.

If you will look into the FY2012 Federal Budget Request you will find Obama proposed this himself.

Are you pushing for PA for that is where the demand is going to be?

Paul


---paul on 7/10/11


Repubs have tried cutting student loans since 2005. They propose cuts to Pell Grants for the neediest students, and make 1.7m students ineligible. If you looked you would find plans to cut funding for the SBA.

Paul, I'm a nurse (BSN/MPA). Are you really an SBO? Are these hospitals private corps? In the real world, the CFO (or the CEO)won't take a pay cut. Instead they eliminate the $8.00/hr housekeeper or FSW.

Your wife also knows the reimbursement rates for both medicare and medicaid have been cut. The repubs would cut even more. I haven't had a raise in 3 years while upper management all got raises.

I never said there aren't dems in the 5% and actually there are rich dems who feel taxes should be raised.
---NurseRobert on 7/10/11




Well, President Bachmann will undo the mess and put us back on the right path again!
---John on 7/10/11

Of course she will, John, she can rewrite history, something she seems to do very well.

This has never been a Christian nation, John, and, btw, Obama was born in Hawaii.
---NurseRobert on 7/10/11


Well, President Bachmann will undo the mess and put us back on the right path again!

America will return to the way things outta be... a Christian Nation!

And this time we will be smarter and stronger!

We won't be fooled again!

This is the last chapter of the "Manchurian Candidate"
---John on 7/10/11


"I predict future happiness for Americans if they can prevent
the government from wasting the labors of the people
under the pretense of taking care of them."

- Thomas Jefferson


The problem with socialism is that you eventually
run out of other peoples money.

- Margaret Thatcher


"The Constitution is not an instrument for the government to restrain the people,
it is an instrument for the people to restrain the government
-- lest it come to dominate our lives and interests."

- Patrick Henry
---jerry6593 on 7/10/11


Donna

I have to tip my hat to you, I really appreciate you and every other common since conservative who has half a wit to be informed on whats going on.

To quote your grandmother, may the tribe of conservatism increase before the left wing liberals and RHINOS completely destroy this great country

Thanx, Paul
---paul on 7/9/11


Donna

Your correct the student funding scare was a tactic employed by Obama in an attempt to force his will on congress and the American people.
---paul on 7/9/11


For the record: Republicans have never suggested doing away with all student loans nor SBA loans.

Businesses have always been able to go out of business and should be allowed to do so. NONE is "too big to fail"
Let the market, not the government, decide who succeds or fails.
---Donna66 on 7/9/11


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Nurse

Are you actually a nurse or is that a call sign?

If so you will understand this, my wife performs financial reimbursements for medicare and medicaid for 6 hospital in our area.

If the budget (revenue) doesn't equate for the fiscal year the CFO does not take a pay cut or pass that own to his employees.

Whens the last time you received a notice that your salary was going down due to loss or up due to profits?

The revenue is generated by passing those losses on to the consumer, usually private, to recoup.

Do you also realize that the Dems are of the five percent you boast of, why are they not doing more, to busy flying around in their corporate jets and voting for their raises I suppose.
---paul on 7/9/11


Paul, owners of business take losses to their wages all the time. If you had to either decrease what you pay yourself or close the doors, what would you do?

Companies have been going out of business LONG before Obama was elected.

It's good to hear you're wife is also successful. Tell me, how did she do it? Where did she get the money to go to school? Student Loans (which republicans want do to away with)? SBA loans (also what the Repubs want to get rid of)?

There are a lot of opportunities in this country but not all of them are available to everyone.
---NurseRobert on 7/9/11


//A business owner has to be realistic about what they charge their customers. You can't keep giving it to your customers and expect them to stay with you.//
Business 101! That's why they try to undercharge or outperform their COMPETITORS. Otherwise they are soon out of business. That is why capitalism offers the consumer more than any other system. And if an employer doesn't pay his employees enough, he won't have enough of them, either, to compete.

Unlike a wage earner (which most politicians have been for a lifetime) a businessman must live, financially, with every mistake he makes. No wonder
business owners are cautious.

Opportunities abound for those who recogize them and don't demand total security.
---Donna66 on 7/8/11


Nurse

I mean you no disrespect but you must know nothing of business.

The owner will not take a loss to his wage nor should he/she.

That is not why people start businesses, and yes business are going under for they dont know what to expect from this administration they are scared to take risks.

And what disparities are you referring to in this country?

My wife came to this country from the Philipines where she ate grub worms and rancid meat
in places you cant imagine.

She is now a CPA with an MBA and a secondary masters in health care management with many accomplishments to her credit, so you will have to tell that unfair playing field story somewhere else.
---paul on 7/8/11


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You don't have to be a financial advisor to "not" throw away money. All we need is a little common sense. If I handled my money like the government did, I would probably be in jail for not paying my bills. I can list many instances of our government throwing away money.
---shira3877 on 7/8/11


Not everyone is given the same opportunity to succeed. There are many disparities in this country. (think redlining).

How many business have gone under, even those run by competent business people? Not everything works out, regardless of how hard you try.

I don't have a problem with doing "something" to correct this issue, but republican response is to hit the middle and lower class and leave the rich alone.

Look at the last decade of the Bush tax breaks. Where are the jobs now? Actually, it will come from their salary. A business owner has to be realistic about what they charge their customers. You can't keep giving it to your customers and expect them to stay with you.
---NurseRobert on 7/8/11


Example, You do not give a person extra money when you know that they will not use it wisely.
---Scott on 7/8/11
Scott, can you give us an example of what you're talking about?
---NurseRobert on 7/8/11


Nurse

I am indeed saying everyone is presented with the opportunity to succeed or fail at their own hand, do you feel they don't?

And my view is more optimistic than Pollyannaistic, for I don't feel all things are going to work out well but only the things that you work well.

I dont feel the republicans have all the answers either, but doing nothing will produce nothing.

Raising taxes on business owner is simply going to cause more job losses and force the owner to pass that loss on to the consumer/end user.

Companies are run on P and Ls, if you tax the owner do you really think that will come from his salary. Certainly not it will trickle down through the company and find its way into your pocket.

---paul on 7/8/11


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Your pollyannaish outlook is amazing. No one said there is no money to be made only that a small number of people control the wealth. Do you feel that's a wonderful thing? It's good you're successful, are you saying that everyone has the same opportunities?

"I have two great enemies, the Southern Army in front of me & the financial institutions at the rear, the latter is my greatest foe. Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed." -Abraham Lincoln, Nov 21, 1864
---NurseRobert on 7/8/11


If the government can show that they can and will cut spending. I will be more willing to accept higher taxes. Example, You do not give a person extra money when you know that they will not use it wisely.
---Scott on 7/8/11


Paul-- You are an example of American spirit and ingenuity! Congratulations. As my grandmother would say, May your tribe increase!
---Donna66 on 7/7/11


Im so tired of the victimized defeatist rhetoric in this debate.

The 95% have the same opportunity to control wealth as the other 5%.

Everybody wants to play the victim and claim their is no money to be made, well tell that to the five percent. Apparently their is a way, you have to be innovative and find the vein where the opportunities are.

I'll use my situation for an example, in an industry where companies are going under left and right, the housing industry, I have found an avenue where potential exists.

I have a company which does insurance restoration for fire and water damage and do quite well.

So their are opportunities for the opportunistic.


Paul
---paul on 7/7/11


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Most of what we hear is just political talk. No ONE approach is enough. And there other ways to cut not even being discussed.

Now the top 50% (in income) pay 95-97% of federal income taxes. The remainder is paid by the other 50%...most of whom pay NO federal income tax.

We can increase revenue in a number of ways, all of which are limited. But we must re-structure SS and medicare, which comprise 45% of the national budget, to make them more efficient. The number of those eligible (of which I am one) is growing at a phenominal rate.
---Donna66 on 7/7/11


Donna, 5% of the population controls 75% of the wealth in this country.

I'm not saying that we can solve this problem by taxes alone. Spending has been out of control for a lot longer than the 3 years Obama has been in office. Reagan used deficit spending to "improve" the economy. Bush II, and his administration even said that there was nothing wrong with deficit spending. Bush I, contrary to his "read my lips" had to raise taxes.

Paul, we DO have a revenue problem. This country is not going to solve this mess by cutting spending alone, especially when these cuts only affect the middle and lower class.
---NurseRobert on 7/7/11


If all the money were tken from the rich, what would happen to it? Probably spent on lots of committees, focus groups, and reviews.

Leave it with the rich, what will they do with it? Spend it? Say they build a house ... jobs are created.

Which would be better route?

But there needs to be some control. otherwise the some of the rich will make their money by exploiting the workers, by planned and profitable bankruptcies.

We've seen that in the UK
---alan8566_of_uk on 7/7/11


Nurse---according to your figures, who is the middle 4%, between the top 1% and bottom 95%, who control 64% of the economy? Something doesn't make sense. But I never did like math.

Current US debt is
$54,944,053,908,736. If we charged every millionaire in the US at 100% we would get roughly $7,400,000,000,000. Besides putting the economy into a spectacular nose dive, it wouldn't help that much.

Ever hear that money doesn't grow on trees? Well, we DO print currency as if it did.
---Donna66 on 7/6/11


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nurse
we dont have a revenue problem, we have a spending problem.
---paul on 7/6/11


When is this administration and its follower going to get out of the past and work towards assuring our future economic forecast?
---paul on 7/6/11

When the republican figure out that there are TWO sides to balancing budgets, cutting expenses and RAISING revenue.

Ever program cut they want hurts the poor and middle class. The only cuts they want for the upper income is tax cuts. It doesn't work that way.
---NurseRobert on 7/6/11


The difficulties of correcting the mistakes of the past are great, and whichever party is in power, they will be working under all sorts of constraints.

In the US, a conservative/right wing/republican administration got you into the mire, and a democrat/liberal/left wing/socialist administration is finding it almost impossible to correct things

In the UK, a liberal/left wing/socialist/Labour administration got us into the mire, and a conservative/right wing/Tory administration is finding it almost impossible to correct things
---alan8566_of_uk on 7/6/11


Mike

When is this administration and its follower going to get out of the past and work towards assuring our future economic forecast?
---paul on 7/6/11


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john

OH...during the bush administration, the GOP raised the debt ceiling to $4 TRILLION.

thanks a lot GOP
---mike on 7/6/11


the distribution of the wealth is in full swing. what happed to people working for what they eat and for luxuries they expect. growing up poor, we didn't have free rent, free food, free phone, free college, and many other porkers. We didn't have a decent car that ran for very long. My mom and dad both worked very very hard. they didn't sit on their haunches and expect the government to do it all. I am middle class at the bottom of the spectrum and I pay plenty of tax.
---shira3877 on 7/6/11


NO, Mike. Oil subsidies have existed since 1995 when Clinton was president. Off-shore oil drilling was considered ecomomically high-risk vs. its' productivity.
---Donna66 on 7/5/11


And, since we like statistics, did you know that the top 1% of the population controls about 36% of the wealth, the bottom 95% controls 25%.
--nurse

I heared 24%
But most countries it is around 1% of people owning 50% or more of the wealth.
---Scott on 7/5/11


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JOHN

oil subsidies started in august 2005 & BUSH signed it.
---mike on 7/5/11


Mike,

I didn't like Bush either. He was a RINO with no backbone. He allowed the Democraps congress to destroy this country with their Fannie Mae allowances. Thanks to Barney Franks!

Can you name the subsidies those "evil" Oil Companies are getting that no one else gets?

OR>>>
Does your MESSiah Lie???
---John on 7/5/11


JOHN

these subsidies were given even before obama was president. why didn't you say that when bush was president?
---mike on 7/5/11


Paul, God does orchestrate everything. We still have free will, but God is smarter than we are. It's like a chess game. We are free to make any move we choose, but God would always win. Hope you had a pleasant Fourth. :-)
---John.usa on 7/5/11


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I think I'd like to have them make jobs here.
---Philomena on 7/4/11

The problem with this, Philomena, is they're not doing it now. Even with tax breaks, jobs are being lost overseas.

Interestingly, some of the largest growth in the GDP occurred during times of the highest tax rates.

And, since we like statistics, did you know that the top 1% of the population controls about 36% of the wealth, the bottom 95% controls 25%.

Back to the original question.. its going to take both.
---NurseRobert on 7/5/11


Mike said: "lower & middle class are sacrificing for the rich."

I'm not quite sure how that makes sense. Are you aware that the top 10 percent of income earners in the USA pay almost 70 percent of the federal taxes? Would you like them to leave the country and take their money elsewhere so they can keep that tax money and create jobs in other countries? I think I'd like to have them make jobs here.
---Philomena on 7/4/11


John

I understand where your coming from and I understand your going to defend your position.

But you cant possibly believe that everything that happens in life is orchestrated by God.

Jesus told Pilate that he had no power over Him except what God gave him concerning His death.

You also cant possibly believe God would put a man over the greatest nation in the world that is willing to kill babies, steal from citizens,marry gays and commit all sorts of ungodliness.

Keep on keeping on my friend, but as for my house we will serve the Lord.

Paul
---paul on 7/4/11


Paul, just as Jesus told Pilate he was ordained by God to do what he did, so all political leaders are where they are by God's will. So if they take my tax money and give it to welfare recipients, so be it. I'm not itching to accumulate wealth. I get welfare myself. I'm on Medicare. :-)
---John.usa on 7/3/11


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Nurse

Allow me to rephrase, can we afford four more years of Obama.
---paul on 7/3/11


John

I feel the over all theme of my post is that we don't dishonor God by honoring any man, political figure or government.

Your earlier post seemed to indicate that Obama was from God, he's not he's from the uninformed populous of Americans who see what CHANGE is all about.

As for praying for this administration I certainly do that for what they do will effect me for generations to come.

And what choice do you have but to pay your taxes?

You think taking money from workers and giving it to those who will not work (not cant work) and provide for their household is Godly?

Paul
---paul on 7/3/11


Paul, that's what you're saying I'm saying, not what I'm actually saying. Most Jews were not granted Roman citizenship until the third century A.D. Are you saying it is okay to dishonor political leaders we don't like? There is always a rationale for ignoring Christian teachings that don't appeal to us, I suppose, as you seem to demonstrate. I myself will continue to honor and pray for those in power, and pay my taxes. The president of the United States is not a Babylonian tyrant. God bless. :-)
---John.usa on 7/3/11


Paul, 4 more years of Obama is better than ANYTHING the robber baron republicans can give us.
---NurseRobert on 7/3/11


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Nurse

You desire four more years of Obama?

Paul
---paul on 7/3/11


John

This was Paul addressing Roman Christian who were rescent Gentiles who were converted to Christianity.

They were natural citizens with all rights and privileges unlike captive Israel.

Paul was telling them to continue on in their usual duties to Ceaser just as Jesus taught Israel to do as forced citizens.

But you notice they were taught to pay what was due and their were no exemptions for any one, all paid, not true in this form of government.

Essentially what your saying is that Daniel should have paid honor to Nebuchadnezzars golden image and saluted it.

Or if my taxes exceed my ability to provide I should simply pay it.

Paul
---paul on 7/3/11


Whoever has political power we are supposed to honor, and to pay whatever taxes they impose. That's our Christian duty. (Rom.13:1-4)
---John.usa on 7/2/11


Its pretty simple. Obama is a public organizer who knows nothing of growing an economy.

He has been a disaster from day on with his stimulus package which stimulated nothing but his campaign prospects.

He got elected professing undefined change, given most people desired change from the Bush admin, but they had no idea of his liberal/ socialist views.

The only jobs he has created were public government jobs with hardly any growth to the private sector.

His robin hood tactics are simply a smoke screen to invoke future voters, all the while knowing who carries the majority of the tax burden in this country and realizing without them he has no revenues of which to utilize.

Paul
---paul on 7/2/11


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John, I hope Bachmann is the republican nominee.. That would guarantee 4 more years for Obama.
---NurseRobert on 7/2/11


WHERE ARE THE JOBS?
---NurseRobert on 7/2/11
Good Question. Let's see who is the President .....
O-B-A-M-A!!!!

Nurse which year of this puppets term do you he say it his Economy???
CHOOSE ONE....
1-2-3-4???
---John on 7/2/11


Is that a prophecy or a deluded desire?
---atheist on 7/2/11

YES! It is a PROFITcy!!!

And why is YOUR "President" Lying again!

THE ARE NO!!! N-O-N-E!!! NOT A ONE!!!

subsidy for Oil Companies. They don't get anything that any other company/person gets.

HMMM?

BuTT GE and GM got huge subsidies from Chairman Obama! Didn't they?

I only wish the Republicans would speak out and expose the Lie! And tell the American People. (But there's still too many RINOs and Wimps in the GOP)
---John on 7/2/11


Donna, the wealthy have have the Bush tax cuts for a decade.. WHERE ARE THE JOBS?

They moved them overseas and got a tax break for doing it.
---NurseRobert on 7/2/11


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Take more from the wealthy to give to the non wealthy?

Or cut wasteful out of controll spending?

Not much of an issue to me.
Paul
---Paul on 7/2/11


John,

Is that a prophecy or a deluded desire?
---atheist on 7/2/11


Only in your wildest dreams...
---NurseRobert on 7/1/11

I did remember Obama saying those exact words about Boehner :)~
---John on 7/2/11


Medicare, Medicaid and Social Security comprised roughly 43% of the US budget in 2010 and will continue to grow with aging baby boomers. The next biggest expenditure was the the defense budget, which was less than half of this.

We must make changes in the SS and Medicare programs now which will affect people 10 yrs or more away from retirement. Defense expenditures can be cut at the Pentagon level and as we withdraw from foreign military action. (many enlisted forces live at near-poverty levels).

Increasing taxes on job creators tends to be self defeating. To help the poor and middle class, we must incentivize DOMESTIC industry to provide jobs for them.
---Donna66 on 7/2/11


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MICHELE BACHMANN WILL BE OUR NEXT PRESIDENT!!!
---John on 7/1/11

Only in your wildest dreams...

We need to do both. Donna, some small business have already found it will SAVE them money. As far as the loopholes, they may not make a big dent, but they will make a dent.
---NurseRobert on 7/1/11


People of this world are not capable of doing what is right.

So . . . each Christian can do what is good. If God has trusted you with children and you have financial difficulty, I'd would say you cut spending that needs to be cut, but you do not charge your children more and more taxes (c: And you discover enjoyments that do not cost money and maybe things that bring you a profit.

But if the well-to-do knew a middle class could buffer them from the poor . . . in order to avoid what happened to Marie Antoinette . . . this was clever: now they can see how far they can go to cut what the middle class has, before states go independent, "etc". But they "could" misjudge.
---Bill_willa6989 on 7/1/11


defense budget is $700 BILLION & it took special forces to kill binladen

republican president eisenhower laid out the COST OF war.
'every weapon made is a theft from those who hunger & are not fed.'

'I hate war as only a soldier who has lived it can only as one who has seen its brutality futility & stupidity. -EISENHOWER

that is why bush IS ignorant.
---mike on 7/1/11


John
Are you saying this administration is from God, If so you may wana consider this passage.

Ho 8:4 "They set up kings, but not by Me, They made princes, but I did not acknowledge them. From their silver and gold They made idols for themselves-That they might be cut off.

Paul
---paul on 7/1/11


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lower & middle class are sacrificing for the rich.
---mike on 7/1/11


MICHELE BACHMANN WILL BE OUR NEXT PRESIDENT!!!
---John on 7/1/11


NEITHER. We should ALL Be on our knees and doing what Second Chronicles 7:14 says to do: If My People, who are called by My name, humble themselves and pray and seek MY face, and turn from their evil wicked ways, THEN (and only THEN) will I hear from Heaven, forgive their sin and Heal their land."

PERIOD...end of discussion. We are NOT all doing this.

God is not interested in healing the economy as He is in healing Hearts. Amen?

Jesus fed 5,000 people and it didn't cost him a dime.
---Donna5535 on 7/1/11


I would say stop borrowing money from other Countries and paying high interest so we can keep up all the aid we give other Countries. USA needs to aid its own people first and instead they would raise taxes and hurr the elderly by cutting medicare services. If a Country hurts its own people to be a big shot in the rest of the World it is a very sick government. I used to say even with its faults the USA is still the best. I suspose it is but now I wonder.
---Darlene_1 on 7/1/11


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Look at the example of a state with low taxes, verses a state with high taxes.
Words are just words, but with an example you have actual proof.
---David on 7/1/11


Financial advisors vary in their opinions.

I don't see an end to our economic situation for quite a few years. Small businesses operate on a very slim margin. They have no idea what Obamacare will cost them. There is a pile of new business regulations almost as thick as the health care bill, and just like it, nobody knows whats in it. Some of the legislation isn't due to be finished until 2015. Large businesses may take the risks of so many unknown costs. But small businesses cannot. THEY are the engine of the economy.

Taxing private jet owners and eliminating "loopholes" will not make a dent. Entitlement programs must be pared down. (And I am on both SS and Medicare!) Best short-term economic solution: start pumping oil!
---Donna66 on 6/30/11


"Let every soul be subject unto the higher powers. For there is no power but from God, the powers that be are ordained of God." (Rom.13:1)
---John.usa on 6/30/11


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