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Steve McIntosh Report Blog Archive

Ready for a little pain?

The reaction was predictable from most people involved in the day-to-day task of pulling money out of Uncle Sam’s pocket. They don’t like the recommendations from the special bi-artisan commission to control debt.
The message is simple: to solve our nation’s debt problem will require some sacrifice for every one of us.
The suggestions include cuts in Social Security benefits, deep reductions in federal spending, and higher taxes. The plan would cut total deficits by as much as 4 trillion dollars over the next decade. Besides Social Security, Medicare spending would be curtailed, as well as tax breaks for many health care plans and the Pentagon’s budget.
The commission is well aware the plan will NOT be adopted; it’s politically impossible. They want it to trigger a national debate on a problem that threatens our very existence as a nation.
We the people must decide if we have the will, the strength, the courage to demand serious changes in Washington. This is the hard part … this is where we separate the cowards from the patriots.
Are you up for the challenge?
Our thought for today is from E. M. Forster:
“I would rather be a coward than brave because people hurt you when you are brave.”

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Topics : Business_FinanceSocial Issues
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Locations : Washington

11/17/2010 1:19AM
Ready for a little pain?
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