Austan Goolsbee

It's clear that the medium and long-run fiscal challenges facing the country have to do with the rise of entitlement spending, they have to do with the longer run imbalances that we've created in the structure of the system.

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You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.'

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Truly, the challenges we face are not Democratic challenges or Republican challenges. In fact, they are not political challenges at all; they are fiscal challenges, and educational challenges, and the challenges of figuring out how to take care of each other.

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Big government conservatives are spending trillions and wasting billions. Republicans are no longer the party of fiscal conservancy, but the party of runaway spending and corruption.

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Medium

Medium, medium.
Waking up I smell the scent of coffee on the brew,
And I think about the amount of the sweet,
Id like to have in my cup today.
One for the two lump, three lump, four.
No half of one, no less no more.
Just give me a chance, let me make it mine.
Id like a medium blend of that piece of pie.
Not too bitter, not too sweet... medium.
Just enough to ? ? ? ... medium.
Not too bitter, not too sweet... medium.
Just enough to ? ? ? ... medium.
Dinner time just rolls around,
And I think I crave a steak but,
Im not too partial to the meat,
When its cooked too long and Im made to wait.
Not too much of the parsony,
And just enough of the spice.
I think Id enjoy a medium-rare dish with a side of fries.
Not too tender, not too tough... medium.
Not too little, just enough... medium.
Not too tender, not too tough... medium.
Not too little, just enough... medium.
Medium. medium. medium. medium. just a medium. medium.
? ? ? and I smell the pits but ? ? ? ? ? .
I couldve sworn a ? ? ? last week and scrubbed like ? ? ? .
I like to stink just a little bit,
Just to keep you on your toes yes.
The more I stink the more I think,
That you smell like a rose.
Not too pleasant, not too bad... medium.
Just enough to hold my ? ? ? ... medium.
Not too pleasant, not too bad... medium.
Just enough to hold my ? ? ? ... medium.
Medium. medium. medium. medium. medium. medium.

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The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

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The challenges African-Americans are facing today are rooted in the system of slavery.

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In fact, entitlement spending on programs such as Medicare, Medicaid, and Social Security make up 54% of federal spending, and spending is projected to double within the next decade. Medicare is growing by 9% annually, and Medicaid by 8% annually.

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Some Of It. None Of It. Or All?

Your entitlement based beliefs,
Are only as real as its creation.
And you must agree,
Your entire belief system has been created!
What part of it would you like to designate,
As honest and real without deception?

Some of it. None of it. Or all?
And...
Do your best,
To leave out any recent movies you've seen.

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It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise.

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Our country also hungers for leadership to ensure the long-term survival of our Social Security system. With 70 million baby boomers in this country on the verge of retirement, we need to take action to shore up the system.

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Our nation must manage significant national security challenges over the next several years. We are already facing a potential conflict with Iraq, new challenges on the Korean peninsula, and key decisions in the president's plans to transform the military.

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Congress needs strong parties, but it also needs the capacity to deal with budget and entitlement challenges that are likely beyond the reach of pure partisan exertion.

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Lonely Boy-Man Alone

Lonely Boy facing his first challenges
Unsure what they are
Sensing the threat from them
But not recognizing them
for what they are.
Simply challenges
to his resourcefullness.

Lonely boy
Upset and frightened by the challenges
That are the steps toward manhood.
The fables read to him so far
Said nothing to him about the obstacle spar
To manhood.

Lonely Boy
Fortunately he understands
That it is O.K. to ask for help
With the understanding of the obstacle course
To manhood.

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Across the country military families are facing dire financial circumstances due to longer than expected tours of duties. They are being penalized for their patriotism - no one should have to choose between doing right by their country and doing right by their families.

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I'm not after a closed system, I mean I'm after a complicated system in structure, but as far as watching it, I don't think that everything should be decided.

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Extremely Left

Some would see me as a left extremist, but I'm not, I understand economics very well, I understand why our system isn't functioning correctly. I have no degree to state this but it doesn't make me any less wrong. I have read though enough articles and documents how this or that would fix our system. It is the monetary system itself that is part of the problem, it is the governance of that system that is part of the problem, it is the way our money is both created and distributed that is the problem. They're too many facts pointing all in one direction to ignore. We must open our eyes and see behind the smooth talkers, manipulating anything and everything for there own benefit before it is too late. I don't hate government. I don't hate small business. I'm not an anarchist. I believe they have there place. But I also believe when corruption is in the open and no one cares we have a problem.

Some might think I'm off my rocker, but how do you get trillions of dollars in debt? Where does this debt come from? I recently saw a chart 1/3 of it came from bush era tax cuts for the rich. I heard someone say the corruption is now in the form of consolidation of what little wealth we have left. While that maybe true, I still believe that is in preparation for the second collapse. Or the first one that never really happen. Depending on your perspective. A soften fall by printing money that doesn't exist that's written upon government debt. Be confident people it won't hurt if you keep spending. But what your continuously spending is really doing is perpetuating the cycle of corruption. Providing more money to corporations they can use to influence our government more. Another words the debt was created to give corporation more power. I would say boycott everything if I thought that was possible. I would say lets have modern Boston tea party if I thought we could get away with it. But that method I believe is useless. The only ones I think can stop it are the politicians. Will they though? I doubt it. I have a voice as you do and we must keep speaking. And that is right now my number one objective. Will it solve anything? I don't know, but I must try. So I can say I was not one of those good people who did nothing.

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While Social Security faces some long-term challenges, the system is not in crisis.

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Entitlement

Insidious injurious
Expensive Entitlement
Burden on citizen.
Also entitlement
Exaggerate
Unnecessary gap.

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The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline.

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Well, as a former small businessperson - I understand what's going on, I think in the business community. And businesspeople around the country are looking at all the spending and all the debt. They're looking at all the policies coming out of this Congress and this administration the last two years, and they - it's created all this uncertainty.

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