Title: Eric Cantor Can't Explain How Republicans Will Pay for the Bush Tax Cuts Source:
Crooks and Liars URL Source:http://videocafe.crooksandliars.com ... cant-explain-how-republicans-w Published:Nov 3, 2010 Author:Crooks and Liars Post Date:2010-11-03 15:35:58 by go65 Keywords:None Views:7655 Comments:33
Rep. Eric Cantor can't explain to either Rachel Maddow or Lawrence O'Donnell what the Republicans would cut to balance the budget and pay for the Bush tax cuts he wants to see extended other than to say they're going to reduce "discretionary spending to '08 levels".
He didn't seem to happy with Lawrence O'Donnell pushing him about how he and John Boehner were going to respond when they get forced to either face the wrath of the "tea party", a.k.a. their right wing base when they're forced to make the choice between raising the debt ceiling or crashing the economy.
So what are they going to cut? We'll find out shortly......
Our debt, near as I can tell, is about $120,000,000,000,000.00. That is, about $120 TRILLION. Our debt to China, in comparison, is only about $3T, or 2.5% of the total debt. The rest of it consists of the following:
Social security: $17,500,000,000,000; $17.5 trillion; Medicare Part A $36,700,000,000,000; $36.7 trillion; Medicare Part B: $37,000,000,000,000.00 underfunded; $37 trillion; Medicare Part D: $15,600,000,000,000; $15.6 trillion, Government and military pensions: $2,000,000,000,000; $2 trillion.
Like the typical socialist, you're always running around with your hand out, looking for a "gimme." (To that, my answer is "grow a SPINE, you pathetic invertebrate!")
As detailed above, the vast majority of debt consists of promises to those who want the nanny-state to take care of them. Guess what? It's not the government's JOB to wipe your ass. It's YOUR job to set up your own savings, retirement, and to work with your family network, like most other civilized countries do... In other words, the government is not in the business of replacing your familial responsibilities. Those responsibilities are YOURS, so it's time for you to step up.
To the question of what to do about all that debt, there are only two options out of our current predicament:
Default on all national debt, or print into hyperinflation.
Either way, all the people that are relying on the nanny-state instead of their own brains for survival, are SCREWED.
So, pick your poison... Hyperinflation or default?
