Lisa Benson by Lisa Benson

Lisa Benson

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  1. mickey1339

    mickey1339 GoComics PRO Member said, over 1 year ago

    What I find interesting is Obama is already protesting the threat of the debt limit ceiling debate having a “catastrophic effect” on the world economy. The rating agencies have already said they have us on “credit watch” because we keep raising the debt ceiling and are in their eyes maintaining an unsustainable debt level and keep accelerating federal spending. They will more than likely lower our credit rating again if their isn’t a substantive result on lowering federal spending. The supposed cuts O made recently were more accounting paper shuffling over “savings” from ending the Iraq war and our eventual withdrawal from Afghanistan.


    What the world is doing now is laughing at the supposed #1 most stable and sound economy because we can’t manage our own economy, much less offer real stability to foreign investment. So once more they invest and start businesses in China and Central America instead of here…

  2. Cinci Steve

    Cinci Steve GoComics PRO Member said, over 1 year ago

    I’m the king of the world!

  3. Jase99

    Jase99 said, over 1 year ago

    “Conservatives” only claim to care about the national debt as an attempt to score political points against their opponents. Most “conservative” politicians are just as guilty of guilty of bringing home the pork barrel spending as everyone else.

    Want to get serious about budget cuts?

    Start by cutting the $90+ billion in corporate welfare and end subsidies to lucrative corporate farms. If large corporations need to raise their profit margins, they can either cut bloated executive salaries or raise prices and face any consumer backlash like adults.

    Next is the “defense” budget. We spend nearly twice as much as China, Russia, the UK, and France combined. Cut the expensive perks given to high ranking military staff, axe the pork barrel projects congressmen tack on to the budget that the Defense Dept didn’t ask for, close some of the overseas military bases, and finally bring the troops home from Iraq and Afghanistan.

    Then we can make are way to taxes. Apply the payroll tax rate to investment income, dividends, gambling winnings, and miscellaneous capital gains. All income should be taxed at the same rate with the exception of a few specific types of well regulated accounts for college savings and retirement planning. Eliminate ALL tax deductions without exception.

    Make those changes, then we can start looking into what cuts can be made in social programs. And, yes, I do believe we can trim some fat out of social programs without harming quality of service.

  4. Stipple

    Stipple said, over 1 year ago

    He’s the captain and the hit is coming to the credit rating. Hitting everyone with higher interest on the already outrageous debt.
    .
    Like the captain or not, the ship would sail better with all the sails set together.

  5. Michael wme

    Michael wme said, over 1 year ago

    @Jase99

    The US government spends about $4 trillion a year. $90 billion is about 2.25%.


    The president’s highly condensed budget précis is about 4,000 lines long.


    Wikipedia says 25% is for healthcare, but that includes not only Medicare, but also Medicaid and the CDC and the people who keep coming up with food pyramids and pie charts & etc., etc.


    Just the Medicare bit is about 14%, and Medicaid is about 7%.


    Social security is 23%. So we’re wasting 37% just feeding those too old to work and caring for elderly hypochondriacs, and another 7% is wasted on medical services for poor children who should go to work and pay for their own medical treatment.


    As the New York Times columnist Brooks says, we have to stop wasting all this money so it can be put to better uses, starting with Federal research on producing an adequate supply of ice floes so we can eliminate all the money wasted on Social Security, Medicare, and Medicaid.


    And making the ancient and honourable practice of suttee a Federal Law would also help balance the budget by saving widows from becoming a burden to society.

  6. jonesb

    jonesb said, over 1 year ago

    @Jase99

    I agree with you, except why wait. Social programs are out of control every bit as much as corporate welfare, the military, and get rid of the TSA.

  7. mickey1339

    mickey1339 GoComics PRO Member said, over 1 year ago

    Do remember folks, when you cut government spending, you cut jobs. Defense quickly affects companies like Boeing, Martin Marietta, GM, and thousands others that develop hardware for the military. Government itself probably needs to shed jobs in the hundreds of thousands to eliminate waste and duplication, redundancy, purely unnecessary agencies. That’s the politicians greatest fear, getting tagged for cutting funding.


    I agree with the above proposals and more, but it’s going to be a rough ride for a few years to pull it all together. I don’t see this administration or this congress having the political will to do that. They caved on Simpson – Bowles and that was a plan that essentially started by cutting the growth in spending, then actually cutting programs farther down the road. IMO we are going to have to hit inflationary pressure on the dollar and our treasuries and be seriously threatened with depression level conditions before this group of spineless political hacks take the interests of the people above politics. And I mean both parties, I think they are equally complicit in this problem.

  8. Jonny B

    Jonny B GoComics PRO Member said, over 1 year ago

    @Ms. Ima

    True, I figured I was the only one who knew it was a waste of time to stay on board when the captain doesn’t listen.

  9. MortyForTyrant

    MortyForTyrant said, over 1 year ago

    I normally disagree with Ms. Benson but in this instance I have to say that changing horses in the middle of the river is not a good idea. If you have the time take a look at the interview that Austan Goolsbee gave Jon Stewart. The very first thing Jon noted was that Austan looked much better after quiting his job (top economic advisor to President Obama). It seems working under these dire circumstances wear out a man pretty quickly…

    Austan Goolsbee on The Daily Show

  10. Respectful Troll

    Respectful Troll said, over 1 year ago

    Micky1339 is always a good commentator, even if one finds nuanced disagreement with him, one is left with the knowledge they have read the words of an open mind.
    Mr. Geithner’s presence in the administration disturbed me from the beginning and it pleases me to see him gone. But now we have one more position for the President to fill that we can be certain will suffer the same degree of obstructionism and active disapproval as have other of Mr. Obama’s nominees for cabinet posts, judgeships, etc.
    Very good comments on this string.
    @Morty – I saw the Daily Show episode you referenced. Mr. Obama has also grayed more than one might have expected had he not been president. Obviously not a job for the faint of heart.
    Respectfully,
    C.

  11. wmconelly

    wmconelly said, over 1 year ago

    Uh, does Lisa know that Congress has already voted to spend the money in the budget, debt limit or no? How’s about some honesty then; if Congress doesn’t want the money spent, don’t authorize it in the first place. Once you sign the dotted line, you’re hooked.

  12. MurphyHerself

    MurphyHerself said, over 1 year ago

    @Jase99

    “…lucrative corporate farms.” You better not be talking about the Dept of Ag budget-that is mostly food stamps.

  13. Brandon

    Brandon said, over 1 year ago

    Hey, no problem! Obama is just going to have Tillion Dollar coins made. The government will pay the government and our debt will magically disappear!
    :o

  14. Jase99

    Jase99 said, over 1 year ago

    @jonesb

    “I agree with you, except why wait. Social programs are out of control every bit as much as corporate welfare, the military, and get rid of the TSA.”

    Why wait? Because I don’t believe “conservative” politicians are actually serious about eliminating deficit spending. They don’t want to cut their pet projects any more than liberals want to make many cuts in social programs. It’s all about scoring political points with their base.

    I had forgotten about the TSA. Thank you. I agree. It’s been reported several times that some of its own employees joke that TSA stands for “Thousands Standing Around.”

  15. Jase99

    Jase99 said, over 1 year ago

    “You better not be talking about the Dept of Ag budget-that is mostly food stamps.”

    I’m talking about exactly what listed, subsidies for lucrative corporate farms. The Depression Era farm subsidies program needs to receive actual, meaningful reform to ensure subsidies meant to keep family farms afloat aren’t given to large, lucrative farming corporations. Much bluster and chest thumping is done every year over reform, but neither side actually does much about it. They’re all too busy protecting their pet boondoggle. It’s everyone else’s that needs to go, not their own.

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