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POPSEver Wish Obama Was More Like Reagan?
Even Ford and Carter did a better job at cutting government. Their combined presidential terms account for an increase of 1.4%—compared with Reagan's 3%—in the government's take of "national income." And in nominal terms, there has been a 60% increase in government spending, thanks mainly to Reagan's requested budgets, which were only marginally smaller than the spending Congress voted. The budget for the Department of Education, which candidate Reagan promised to abolish along with the Department of Energy, has more than doubled to $22.7 billion, Social Security spending has risen from $179 billion in 1981 to $269 billion in 1986. The price of farm programs went from $21.4 billion in 1981 to $51.4 billion in 1987, a 140% increase. And this doesn't count the recently signed $4 billion "drought-relief" measure. Medicare spending in 1981 was $43.5 billion; in 1987 it hit $80 billion. Federal entitlements cost $197.1 billion in 1981—and $477 billion in 1987. (Written in 1988)
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POPSPhony recession..from a blog We have the technology now, to make it unnecessary for any one who doesn't want to, to have to work. We could feed the world forever with the cost of ONE stealth bomber.. We could send every college aged student in America through college.. room and board and tuition with the cost of ONE stealth bomber. So why don't we? Big business is too busy lining their profits making stealth bombers, Abrams tanks, helicoptors, etc. We have the technology for electric cars. Nikola Tesla invented electric power that could be sent out like radio waves. Free. But big business killed that. Why? They couldn't meter it and charge for it. Make executive pay in private industry sensible and reasonable. Stop excessive and ruinous profits.. e.g., gas prices, pharmaceutical prices, real estate prices, etc. Roll back prices to 1949 levels and freeze them there. Make all wages sufficient for everyone to be able to have a nice car, a nice home, a good vacation every year. Not ju
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POPSMost Americans expect higher taxes More than one-third of all surveyed say they expect their taxes to be "a lot higher'' despite the president's assertion that 95 percent of all Americans are getting tax relief under his economic stimulus program and health-care plans for the future. "Most Americans remain skeptical that the administration can pay for healthcare reform and its other programs without raising their taxes,'' Gallup's Jeffrey Jones reports today. Higher taxes are on the way. You can not pay for all the projects Obama is trying to implement without incurring massive debt. Simply printing more ‘useless’ money is not the answer, that will only result in the devaluation of the dollar until it becomes worthless. However do not hold your breath expecting old honest Abe (Obama) to tell you the truth - why would he start now.
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