Overheard on CNN.com: Beyond frustrated with debt stalemate
July 26th, 2011
11:51 AM ET

Overheard on CNN.com: Beyond frustrated with debt stalemate

As debt ceiling talks continue, last night both sides presented reasons for a stalled solution. President Barack Obama called the political showdown "no way to run the greatest country on Earth" while House Speaker John Boehner insisted that excessive government spending is the root cause of America's financial problems and that expenditure cuts are the only solution.

Based on their comments, CNN.com readers are frustrated by the deadlock and many blame Republicans and House Speaker Boehner for not being willing to compromise.

Comment of the morning:

“It's looking to me kinda like grandma won't get her SS check because we invaded Iraq needlessly. That's pretty hard to swallow.” - ArooMadazda

Where’s the compromise?

Here's what else our readers had to say on the issue:

MasterJ51503 said, “Other than surrendering himself for impeachment, President Obama has given the Republican party EVERYTHING they desire. This is about as much compromise from Democratic leadership I have seen in decades, and the Republicans un-willingness to strike a deal on such circumstances that favor them tremendously only shows their true agenda: they want to paint Obama as a "failure.”

aahawks said, “No matter which side you are on, the President said one important word: "Compromise." From what I see, Obama is willing to make cuts and meet in the middle. The Republicans are not willing to meet in the middle. It’s their way or no way. Compromise is how we get things done.”

TorukMakto said, “Can we get the approval ratings for Boehner? I thought Bush was bad, but I have never seen a politician so openly threaten to let the U.S. economy get destroyed as long as the wealthy and corporations continue to enjoy the Bush TAX CUT.”

adamThegr8 said, “Obama speaks to you. Bohner speaks at you.”

Samuel27 said, “Boehner's speech boiled down to ‘Do what I say, and no one gets hurt!’”

TryLogic said, “Hey, Boehner: It's not a blank check. It's a debt ceiling increase, which has happened 74 times since 1962. And it's for exactly $2.4 trillion. Stop holding our nation hostage with politics.”

TheRealist20 said, “Boehner chooses to make extra cuts to Medicare and Social Security so he can preserve tax CUTS that were supposed to expire anyway, for the wealthiest 2 percent of the population. What a total slime ball.

Switters02 said, “Boehner cannot get his 'plan' passed by the House – 39 Republican Representatives have SIGNED A PLEDGE not to vote for it. Priceless.......”

anonyname said, “Remember, Speaker Boehner, if you break, it you own it. While you try to blackmail the President to keep millionaires and billionaires from paying more taxes, you are in GRAVE danger of being the guy who places the last straw that craters our economy. Do you want to be remembered forever as the guy who did that?”

Guest responded, “It's the President who doesn't UNDERSTAND the economy. He has NO background to be in the position as the President. It's showing BIG time here.

zzbbe said, “For some strange reason Boehner is determined to reelect Obama. His performance last night must have been worth many million votes for the Democrats.”

ihantotta said, “Poor Boehner. He looked so pathetic. He had to get up in front of the whole country and tell us that his party won't lift a finger for the common man.”

Truthwins101 responded, “Any sane person listening to Boehner last night would never be able to vote for Obama again in a million years. If you pull the lever for Obama in 2012 it speaks VOLUMES about your lack of mental capacity.”

brianguy123 said, “Obama's speech rambles about the year 2000, teachers, firefighters and corporate jets, none of which have anything to do with the issues at hand. The guy is from Pluto. He is not living in the real world.”

CorruptUS said, “If I had to choose right now between the plans presented last night. Hands down would I choose the one Obama was pushing.”

apaige said, “President Obama explained the debt ceiling crisis in everyday language to many Americans who didn't understand how serious this situation has become. He asked for balance and compromise while Boehner spent his time attacking the President. More importantly, the President told the country how a small cult of extremists have taken over the government and produced this very dangerous and unnecessary stalemate.”

ChefCHEESE said, “I watched President on TV last night and I think his plan makes 100% sense. The Republicans are an arrogant bunch of people who act as if they are still in power. I hope the voters will realize that and given them a real beating in election in 2012.”

gman90210 said, “Obama is openly lying to you. 'Tax the millionaires and billionaires'. Then in the same speech the plan is to tax 250k+, which is closer to zero than a million. Democrats can't understand simple math, blindly following a clueless leader who only cares to kick the can down the street to get past the next election instead of solving real problems.”

BobnLA said, “What is sad is that the President has to ask people to get involved in their own future. Getting a phone number or email address for any politician is simple- Google them. The real problem? Most Americans don't know who their representatives are!”

fiskenmann said, “Contact your lawmakers? Sorry, Mr. President, our lawmakers in South Dakota do not respond to voters unless you give them a check!!!”

Do you feel your views align with these commenters' thoughts? Post a comment below or sound off on video

Compiled by the CNN.com moderation staff. Some comments edited for length or clarity.

soundoff (2,307 Responses)
  1. michaelfury

    "because we invaded Iraq needlessly"

    And how did "we" get away with that?

    http://michaelfury.wordpress.com/2011/07/21/this-is-next/

    July 26, 2011 at 11:55 am | Report abuse |
  2. ED KUDIRKA

    MY DEEPEST SYMPATHY. IT SEEMS TO ME THAT THE PRES HAD TO SPEND PLENTY ON INITIATIVES CAUSE THE WEALTHY HAVE NOT. WHAT DID THEY CREATE BESIDES A MESS ON WALL STREET? NOW THEY'RE CRYING, PLEASE DON'T INCREASE MY TAXES. GIVE ME A BREAK. THE LIKES OF BOEHNER & HIS RICH CRONIES WHO RESENTS BEING "STUCK IN WASHINGTON" SHOULD SEEK ANOTHER VENUE, PERHAPS MACDONALDS. THEY CAN JOIN RONALD THE CLOWN! BY THE WAY, IS THIS THE COUNTRY THAT VETS WANT TO RETURN TO? AND WHO WILL EMPLOY THEM? NOT THOSE RICH TAX DODGERS, OBVIOUSLY. ED FROM CANADA

    July 26, 2011 at 12:06 pm | Report abuse |
    • da man

      why can't people understand? If you make $600 a week. How long do you think you can spend $1000 a week. Balance the budget. Quit giving away our tax money to other governments and people too lazy to work. Disband the EPA and quit stealing our Social Security.

      July 26, 2011 at 2:03 pm | Report abuse |
    • fiskenmann

      From Canada, eh? Now i understand the caps!!!

      July 26, 2011 at 2:33 pm | Report abuse |
    • TZToronto

      You're right, Ed. And people shouldn't have to live in Canada to see the light. (A lot of Americans are beginning to understand the motivation behind Republican stupidity. Anyone remember the reverence with which the Republicans treated Dubya? "He's the President, so I support anything he does.") Our friend da man apparently wants to see people starving all over the world. (What happened to America's being the most generous country in the world?) And fiskenman seems to think there's something wrong with Canadians! Heck, even the abominable Conservatives in Canada have extricated the Canadian military from the Afghan mess. No, Ed, you have it right. The Republicans care nothing about "the people." They care only about their rich buddies. Leona Helmsley was obviously one of those who benefited from the rich-friendly tax policies now being demanded by the obstructionist Republicans in Congress. She said that "the wealthy don't pay taxes," but she ended up in the slammer for it. What penalty will Boehner, Cantor, and the others suffer for the abdication of their responsibility to the people who elected them? They should remember that they weren't elected by the wealthy but by the people who actually have to work for every penny they get.

      July 26, 2011 at 4:22 pm | Report abuse |
    • Tyler

      Stay out of it Canada! You don't vote here therefore don't comment on our politics. How do you like those taxes you are paying over there? Exactly it sucks...

      July 26, 2011 at 5:09 pm | Report abuse |
  3. Edward

    The hardline nocompromise approach is spreading throughout government and is the main reason our government is hardly functional. The basis for this approach seems to be re-election concerns. How about we change the rules – all Senators, Representatives and the President are elected for one six year term and may not run for reelection ever! This approach should eleminate decision making based on political concerns and allow decisions that get the job done. While we are changing things we might also want to make the lobbying process illegal and give the President line item veto power. Of course none of this would ever happen as it would be unacceptable to our Congressional leaders who are looking out for their own interests rather than yours and mine like they are asupposed to be!

    July 26, 2011 at 12:08 pm | Report abuse |
    • CommonSense

      I don't think the republicans will ever have a better oportunity to rid themselves of the tea party. They'd better take it before they bring down the republican party along with the entire US gov. If it was about spending money and not politics there would already be a compromise. Maybe a better way to cut some spending would be to do away with elected official perks like full-paid pensions after 1 term (let them join Social Security), their wonderful healthcare (give them a voucher) paid in-full student loans -yep. There all out of touch and it hurts.

      July 26, 2011 at 12:29 pm | Report abuse |
    • Mikky_H

      The problem with your solution is that the parties will still remain. You will still have individuals towing party lines in order to support the next election cycle candidate. I say, remove parties and fund raising organizations from the picture: No primaries, fixed election funds for each candidate and a fixed electioneering period.

      July 26, 2011 at 1:16 pm | Report abuse |
    • da man

      I agree. Also prevent any layer from being in politics.

      July 26, 2011 at 2:06 pm | Report abuse |
    • harvey

      Your correct as the extremes in both parties are taking over. I don't know how many times I have emailed the President telling him to get away from this 250k income level for tax breaks. Finf out what the average income for SMALL BUSINESES are and raise that 250K to that. Also the Republicans talk about not touching the subsidies for the oil companies. Subsidies are for people who need help and I don't think and industry that makes HUGE profits qualifies for help. Lets's face it that our Representaives get most of their income from Corpoorate America, so why should they listen to the average American citizen.

      July 26, 2011 at 6:52 pm | Report abuse |
    • John in Boston

      Edward – good idea, but you'll need a lot of luck to get that passed.

      July 26, 2011 at 11:42 pm | Report abuse |
  4. michaelfury

    "The embrace by any society of permanent war is a parasite that devours the heart and soul of a nation. Permanent war extinguishes liberal, democratic movements. It turns culture into nationalist cant. It degrades and corrupts education and the media, and wrecks the economy."

    – Chris Hedges

    http://michaelfury.wordpress.com/2009/11/11/forever-war/

    July 26, 2011 at 12:11 pm | Report abuse |
  5. thomas mc

    Help! Our economy is being held hostage by right wing terrorists!

    July 26, 2011 at 12:12 pm | Report abuse |
    • da man

      Robin Hood (obummer) wants to steal from the rich and give to the poor. He should be impeached!

      July 26, 2011 at 2:15 pm | Report abuse |
    • Kat

      @da man, so you're siding with the Sheriff of Nottingham and Prince John? You're admitting you like the villains and not heroes?

      July 26, 2011 at 5:38 pm | Report abuse |
    • David, CA

      and republicans just want to steal and pocket it.

      July 26, 2011 at 5:57 pm | Report abuse |
    • Tiser

      You mean Steal from the Poor, and Give to the JOB-CREATORS !!!

      July 26, 2011 at 10:11 pm | Report abuse |
  6. guest

    I couldn't stand to listen to Pres Obama last night because he was telling so many lies. If he would just tell the truth about everything maybe Congress could work with him.

    July 26, 2011 at 12:16 pm | Report abuse |
    • lurking

      What lies, pray tell?

      July 26, 2011 at 12:23 pm | Report abuse |
    • Mavent

      I'm with Lurking. Name one lie.

      July 26, 2011 at 1:03 pm | Report abuse |
    • amitabh

      Obama should tell the World the truth about his birth certificate!! Wait, he already did that.
      Obama should tell the World the truth about his religion! Wait, he already did that too!
      Hmm, maybe Obama should tell the world that he's black! Then we will know the real reason why all the sane "truth seeking" people (tea partiers) want him out of office!

      July 26, 2011 at 1:19 pm | Report abuse |
    • Nodack

      He can't name any, but FOX said Obama was lying and that's good enough for him because they are "fair and balanced".

      July 26, 2011 at 1:36 pm | Report abuse |
    • Guest 2

      The one that is owned by Murdoch. Investigation in UK.

      July 26, 2011 at 1:59 pm | Report abuse |
    • Tyler

      Nodak, do you consider this article to be fair and balanced? Exactly.

      July 26, 2011 at 2:07 pm | Report abuse |
    • da man

      You are correct.

      July 26, 2011 at 2:09 pm | Report abuse |
    • MTATL67

      I have been watching politics for 25 years and I have not seen so many falsehoods and incompetence come ouf the GOP. Just remember if this how you treat this president. Then you make fare game on all future Presidents. You want to save money then get a hold of your Congressman. That is were the money comes from not the White House. Your Congressman will waste more of your money than anyone else. YOUR ANGER IS MISPLACED.

      July 26, 2011 at 2:14 pm | Report abuse |
    • da man

      MTATL67 obummer is being treated much better than Bush was and he it trying to be Robin Hood. obummer is nothing but a little Hitler trying to dictate to the country.

      July 26, 2011 at 2:20 pm | Report abuse |
    • Edward

      I agree with the other responders – don't know what speech you listened to – maybe John Boehner's! But like him you probably just want to be obstructive rather than constructive. Congress is there to do what's best for all of us not just the wealthy or special interest political groups. Like the President said compromise shouldn't be a dirty word – without it Congress will continue to do nothing instead of what we elected them to do!

      July 26, 2011 at 3:08 pm | Report abuse |
    • liliputian

      My guess is that if you're overwhelmed by the "lies" the our president told, then you're also a fan of Fox News. News Flash! Change your channel; you're receiving faulty information and believing it as truth. Why anyone on the planet trusts anything Rupert Murdoch is selling is beyond logic.

      July 26, 2011 at 3:51 pm | Report abuse |
    • Tyler

      Who really thinks CNN is not biased? Come one people read this article! WOW!

      Oh by the way here is what America thinks the real issues are:

      Threat of default if U.S. debt ceiling isn't raised 4.73% (3,597 votes)

      Threat of U.S. credit rating downgrade 7.26% (5,523 votes)

      Rising federal debt 63.93% (48,616 votes)

      Insufficient tax revenues 3% (2,283 votes)

      Tax rates too high 17.59% (13,380 votes)

      Other (leave a comment) 3.48% (2,648 votes)

      July 26, 2011 at 4:11 pm | Report abuse |
    • Tyler

      Oh and that mean, yes he is lying! The American people don't want tax hikes they want him to stop spending money!

      July 26, 2011 at 4:13 pm | Report abuse |
    • TZToronto

      Guest - It's only fair and balanced to give both sides a chance to tell their sides of the story, but when one side is based on facts (Obama) and the other side is based on lies, that doesn't mean that both sides are right. The Republicans are dead wrong on this. The rich need to pay their fair share–maybe more! There's something definitely wrong when someone who makes hundreds of thousands of dollars each year pays less in income tax than someone who makes $30,000. Oh wait. Perhaps you're one of the ones who makes those hundreds of thousands of dollars each year. Or maybe you're not. If you're not, what is your motivation for defending the no-tax status of the wealthy? Let me tell you this: If the U.S. defaults, the ramifications will hit YOU hard, but the wealthy will go on living their lives of luxury. While they're jetting around the country on their private planes and taking vacations on their 200-ft yachts, and you can't afford to stay in your home because you lost your job to someone in India and the bank foreclosed on your home, will you still be saying that Obama lied on the evening of July 25, 2011?

      July 26, 2011 at 4:36 pm | Report abuse |
    • me

      Dear guest, please stop watching FOX entertainment news programming.

      July 26, 2011 at 5:05 pm | Report abuse |
    • Rrreally

      @tyler...yes this article is pretty balanced. About half the mentioned comments support Obama and about half are trashing him...unless you have that Fox balance where ANY Obama supporting comments automatically make it a leftist conspiracy.

      July 26, 2011 at 9:56 pm | Report abuse |
    • John in Boston

      I'm not sure about accuracy – he was talking about what sent on behind closed doors. But as I was listening I was thinking what a strange negotiation strategy it was to blast the other side as the deadline approaches. Not a high probability way to bring people together. Maybe that's not what he wants.

      July 27, 2011 at 1:01 am | Report abuse |
  7. Thetruth

    Most of ppl who saw obamas speech and only his speech believe in him and they have seen nothing else. He is campaigning for 2012 very cleverly while trashing republicans. guess what it worked every body is trashing and hating on gop while loving on obama

    July 26, 2011 at 12:20 pm | Report abuse |
    • MTATL67

      Maybe that is because the GOP has walked from nearly every meeting. They are promoting the agenda of a small extremist group the Tea Baggers. Maybe it is because the GOP leadership in Congress has passed no legislation to improve the economy. I know that President Obama prevented our economy from going over the cliff but the GOP will not let us back away from that cliff and because of the GOP’s rigidness and "No to everything policy" and their lack of action we are inching us closer to the edge. It is time that financial terrorist group the Tea baggers and GOP learn that their way is not the only way in this country .
      I did not serve in the military and two campaigns so that America would be run only by the GOP’s will and some extremist group.

      July 26, 2011 at 1:01 pm | Report abuse |
    • justaguy

      I have been registered as a republican for years but the repbulican's behavior on this budget issue is absolutely insane. But that does not mean I like Obama one iota more than I ever did. I thought he was an empty windbag before he was elected and I still think he's an empty windbag.

      July 26, 2011 at 2:41 pm | Report abuse |
    • TZToronto

      You might be surprised to learn, TheTruth, that not everybody loves Obama. We know that the Tea Partiers hate him. and the same people who hate Obama hate FDR, too. In fact, they hate FDR so much that even after 80 years they want to turn back the clock to the good ol' days when growing old meant the end of a decent life. The fact is that progressives are none too happy with Obama either. He hasn't done many of the things he campaigned on (like closing the Guantanamo prison), and the change he spoke of during the campaign looks more like "more of the same." However, if the GOP and the Tea Partiers continue to focus on forcing Obama to fail, then, if there's even an America to have an election in in 2012, the GOP might just get wiped off the map. Are you ready for the "Dictatorship of the Democrats," TheTruth? If you are, then let's hear no complaints on November 7, 2012. You will have gotten what you asked for. On the other hand, if you really want Obama out and the Republicans to have both houses of Congress, then contact your Representative and Senator and tell him or her to stop treating this situation as the groundwork for Obama's failure. If Obama fails, we all fail.

      July 26, 2011 at 4:50 pm | Report abuse |
  8. guest

    Raising the debt ceiling is NOT giving anyone a "blank check" as the GOP insists. It is paying for what we have already borrowed!!! Raise taxes and cut spending while we still have time. Taxes have been low for the wealthy for quite some time now and we still have an unemployment rate of 9.2% so they must NOT be the "job creators" the GOP thinks they are. Congress needs to get a grip on reality. Forget the far right AND the far left and join the majority of us in the center to save our great country!!

    July 26, 2011 at 12:42 pm | Report abuse |
    • Scottish Mama

      I guess the republicans should not have given the wealthy a tax break, that would have saved us 1.1 TRiLLION dollars.

      July 26, 2011 at 1:22 pm | Report abuse |
    • Scottish Mama

      Over the next 10 years that is, I would not want to mislead.

      July 26, 2011 at 1:23 pm | Report abuse |
    • Tyler

      The top 1% pay 36% of America's taxes!

      July 26, 2011 at 1:54 pm | Report abuse |
    • Jeff

      Of course they do Tyler. They have over 90% of the wealth in this country! Wouldn't it follow that they would pay most of the taxes too? If they weren't sheltering all of their money in off shore sham corporations in the Cayman's and the like, they would be paying even more than that and rightly so.

      July 26, 2011 at 4:23 pm | Report abuse |
    • Tyler

      Wait are you talking about corporations now? I thought we were talking about you and how you decided to run up your credit cards and sit around on the couch while I paid for you. Come on! The people of America caused this problem by spending way too much money that they didn't have... I am not bailing you idiots out that did that and I am not bailing out our government for doing the same!

      July 26, 2011 at 5:20 pm | Report abuse |
  9. eciam

    Boehner, GOP's loves that N word (NO)!
    I'm waiting for Boehner to start crying!

    July 26, 2011 at 12:44 pm | Report abuse |
    • Tyler

      Are you 12?

      July 26, 2011 at 1:55 pm | Report abuse |
  10. maryin mn

    Let's be real.......compromise is not in the vocabulary of the Republicans who insist it is their way or no way......like children pouting because they can not have it their way, regardless of who is hurt in the process. The President has been willing to compromise on many of the issues, and yet the other side refuses to do the same....and yes, it is about time the richer percent of Anerican step up and pay their fair...the middle class has carried them on their backs long enough. I continue to support our President and all he stands for.

    July 26, 2011 at 12:46 pm | Report abuse |
    • Tyler

      THIS JUST IN: Reid Says Debt Bill Is 'Dead on Arrival'. Oh ya its all the republicans, I don't see this being a way of showing compromise.

      July 26, 2011 at 4:15 pm | Report abuse |
    • Jeff

      Hey Tyler the Troll: what do they pay you to come on these websites and spew meaningless talking points that are completely based in a fantasy world?

      July 26, 2011 at 4:25 pm | Report abuse |
    • Marine

      They probably ( with money taken from productive citizens) dont pay him nearly as much as you.

      July 26, 2011 at 5:05 pm | Report abuse |
    • Tyler

      The great part Jeff, is that I actually enjoy these discussions and I don't need to call you any names to do so. You know why? I pay taxes, pay for you to sit on the couch and for you to collect unemployment, so I already knew you were good for nothing.

      July 26, 2011 at 5:24 pm | Report abuse |
    • John in Boston

      I'm fascinated at how people here think a deal works. Let's say you're selling your car or your house, and the other party doesn't want to pay as much as you want. What do you do? Call them names? No, you come up with ways to entice them to pay more. You strike a deal by offering something they want or value that you have. There's no good guy or bad guy, there's just two parties who have different opinions about what is important.

      July 27, 2011 at 1:07 am | Report abuse |
  11. Scottish Mama

    I remembered that the exact same thing of hold the American people hostage happening just last year. The Republicans decided in the lame duck sessions all( 42 republicans)if they could not get their way(on Bush tax cuts) they pledged to block all legislation and President Obama let the wealthy then have their tax cuts in a bipartisan move. It was called Tax relief, unemployment ins. reauthorization and job creation act of 2010. We got the tax relief, check, we got the unemployment ins, check, and the job creation the repubulicans said would happen if the wealthy got their tax credit, not so much. So something needs to change in that, k, how about starting at the top, wealthy pay the Clinton taxes it worked in the '90's? Now the smaller under 10 million, stay the same, they pretty much employ the most and are the smaller of the big companies. Oil had profit year, they pay no taxes. I do not see that as fair share. Outourcing jobs should have some kind of draw back, some kind of tax for sending jobs to people work in inhuman places for inhuman wages and inhuman hours.(Sound familiar Wisconsin, losing your bargaining power, beause big companies are known to be fair) We owe China should we tax them? Or take it off our bill? If we pay them off we are no longer beholden to them and can start to help the inhuman working conditions. I am sick, sick sick of Washington taking our elderly, sick and poor to task "It's time the tables turn and it's their time to cry".

    July 26, 2011 at 12:56 pm | Report abuse |
    • TZToronto

      Outsourcing (let's start calling it like it is - giving away jobs to low-wage countries to strengthen the bottom line and make bigger bonuses for yourself) should have a penalty associated with it. If you cut a job in the U.S. and add one in a low-wage foreign country within ten years (establish a list of low-wage countries), you keep paying the withholding for that lost job for ten years–plus inflation. And no declaring bankruptcy to get out of it. If the company goes bankrupt or moves its head office offshore, the executives have to remit the deductions out of their own pockets for ten years. And if they don't pay, their assets–the private jets and 200-ft yachts and multiple mansions– should be confiscated. Maybe then the "outsourcing" will look a little less attractive.

      July 26, 2011 at 5:03 pm | Report abuse |
  12. Mavent

    Wow. The Republican mentality is amazing. A person making $250k a year has "more in common" with a guy making 0k a year than he does with a millionaire? Seriously? That's how Republicans think?

    July 26, 2011 at 1:02 pm | Report abuse |
    • Monica

      I loved the one who didn't realize a person making $250K or more a year IS a millionare. If you make $1M every 4 years and don't have at least $1M in assets you have no business expecting input or influence in anything to do with economy, spending, debt, etc.

      July 26, 2011 at 1:38 pm | Report abuse |
    • StopTheMadness

      I have a VERY small ownership in the company I work for. It's an LLC and as such all income has to flow through to my PERSONAL income even though I get only a distribution equal to my share of income taxes (this distribution doesn't have to be made either, but still would be responsible for the taxes) related to the business. This additional company "income" makes my personal income look like it's $250K, but it is no where near my actual wages. Let's be clear that just because someone has to report taxable income of $250K, doesn't mean they take home $200K.

      July 26, 2011 at 2:07 pm | Report abuse |
    • JustFax

      StopTheMadness – Flow through income from an LLC is real income to you, as is your wages. If you are not receiving that income or a benefit of equal value, well then you my friend are just plain ignorant. Someone is screwing you, probably the larger share owner who you think needs a tax cut.

      July 26, 2011 at 3:36 pm | Report abuse |
    • StopTheMadness

      JustFax – Believe me, I am receiving a value (I never said I wasn't) in what I HOPE is the growth of the company. I am optimistic the company will do great and the second mortgage I put on my house to invest in it pays off. Or, it could go belly up and I am out my investment – my risk. My point was that the company income flows through, but as an owner I only get a distribution to pay taxes. The rest of the cash stays in the business to grow it and pay wages, benefits, CAPEX, etc.I do ask that you get the facts straight (ask if you need to) and don't jump to conclusions on my situation.

      July 26, 2011 at 3:53 pm | Report abuse |
  13. America First

    “I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . Corporations have been enthroned, 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 a few hands and the Republic is destroyed.” Unknown, Often attributed to Abraham Lincoln

    July 26, 2011 at 1:03 pm | Report abuse |
    • Scottish Mama

      It"s heeeere!

      July 26, 2011 at 1:25 pm | Report abuse |
  14. Chris

    It seems as though the terrorists on 9/11 in the hopes of crippling or destroying the US economy when they sent planes crashing into the WTC will win after all. The wars that resulted because of that attack, while certainly not the only cause of the debt, sure did play a very important role in the demise. People in power sometimes let politics and self-interest get in the way of workable solutions. The search for solutions will never get beyond the simplistic, accusatory catchphrases that sometimes seem to pass for policy debate in Washington.

    July 26, 2011 at 1:04 pm | Report abuse |
    • TZToronto

      I find it interesting that for the past ten years or so, no one in high positions in the U.S. government has mentioned the cost of the wars in Iraq and Afghanistan as a drain on the economy. In fact, just about the only times the cost of the wars was mentioned at all was when the military budget had to be approved. It pretty much got a rubber stamp from Congress, both Democrats and Republicans. I was saying years ago that the cost of the wars would come back to haunt the U.S. economy, but no one I talked to thought it was a problem. Lately, though, I have seen and heard a lot more people (still few in Washington, of course) blaming the wars for the economic burden the U.S. is carrying now. I guess the heinous nature of the 9/11 attacks made spending money on wars allegedly against al Qaeda (one that had nothing to do with 9/11 and another that was secondary for years to George W. Bush and his friends) a sacred cow. No one wanted to say anything against the wars for fear of being accused of not supporting the troops. Well, the Iraqi and Afghan chickens are coming home to roost. If anything needs to be cut from the budget, the wars should be first on the chopping block.

      July 26, 2011 at 5:18 pm | Report abuse |
  15. Lindsay McKenna

    The whole world is watching this game of "chicken" with increasing wonder as to how a great nation can be dancing towards the precipice without seeing the global effect it will have on markets, currencies and tradeing relationships.
    As the U.S.'s largest trading partner, Canada and individual Canadians have an increasing sense that negotiations may well go off-track and a disastrous train-wreck may ensue.
    Mr. President, Mr. Speaker, The GOP, make a deal, come to your senses and we can all live to fight another day.

    July 26, 2011 at 1:06 pm | Report abuse |
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