Quote Originally Posted by vetbass View Post
if we do default obama will make sure that Mr. Stewart will get what im sure of is his much deserved retirement and ss check--however every american will suffer because interests rates will skyrocket--that means house loans-car loans-business loans-school loans will be more expansive--therefore once again the middle class folks will suffer which in my opinion is exactly what the extreme right wants so they can try to get rid of obama--the right continues to sacrifice the middle class to protect the rich who they say are the "job creators"-- I am a business owner and exactly what the right considers is a "job creator"--in no way shape or form does what i pay in taxes determine if i create jobs--consumption is what creates jobs--people consuming my product is what stimulates job creation not if I have to pay an extra 2-3% in taxes--the majority of consumption in this country comes from the middle class--the middle class indirectly creates jobs in this country not the top 2%--expecting the middle class alone to balance the budget will kill consumption, business and jobs
sorry for such a long rant
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This post hits the nail squarely on the head... Giving the rich the ability to hoard more of the wealth will only make matters worse... I believe Ronald Reagan was a patriot in that he believed giving the folks who controlled the wealth the ability to retain more of it would result in them investing that wealth but they just grew deeper pockets themselves... I have said before, if you are making your 100 grand and you have folks working for you at minimum wage and you are able to increase your profit but can't seem to find the money to increase their pay, you are part of the problem... Putting more money in the pockets of the folks who aren't going to spend it will only make matters worse.