Hypocrites in Washington

[RIJIMMY]

Originally Posted by zimmy

Justplug correctly stated it will take tax raises and spending cuts to cut the deficit. You point out that taxing the rich wont fix it, which points to tax raises on everyone. Ryan plan looks like it lowers taxes on everyone, but actually raises taxes, but only on the middle class. So are people tricked by Ryan or just don't know enough about his plan?
Posted from my iPhone/Mobile device

when I do my families finances I look first to trim our expenses before I ask for a raise or find a new job. Its it too much to ask the same of our government?

[JohnnyD]

Originally Posted by RIJIMMY

when I do my families finances I look first to trim our expenses before I ask for a raise or find a new job. Its it too much to ask the same of our government?

Yes. Yes it is. Because cutting expenses means less money to buy votes.

[scottw]

it's what happens when you throw money at something without fixing the probem(s)

General Motors Is Headed For Bankruptcy -- Again - Forbes

“So now I want to say that what we did with the auto industry, we can do in manufacturing across America. Let’s make sure advanced, high-tech manufacturing jobs take root here, not in China. Let’s have them here in Colorado. And that means supporting investment here.”
OBAMA

"GM has been selling cars in the U.S. at deep discount, and while it’s making money in China — and is outsourcing operations there and elsewhere — it’s bleeding losses in Europe. It’s spending billions to ditch its Opel brand there in favor of Chevrolet, including $559 million to put the Chevy logo on Manchester United soccer-team uniforms — and it just fired the marketing exec who cut that deal.

It botched the launch of its new Chevrolet Malibu by starting with the green-friendly Eco version, which pleased its government shareholders even though the car got lousy reviews. And it’s selling only about 10,000 electric-powered Chevy Volts a year, a puny contribution toward Obama’s goal of one million electric vehicles on the road by 2015.

“GM is going from bad to worse,” reads the headline on the analysis of Automotive News’s editor in chief, Keith Crain. That’s certainly true of its stock price.
http://www.autonews.com/apps/pbcs.dl...308139978/1193

The government still owns 500 million shares of GM, 26 percent of the total. It needs to sell them for $53 a share to recover its $49.5 billion bailout. But the stock price is around $20 a share, and the Treasury now estimates that the government will lose more than $25 billion if and when it sells.

That’s in addition to the revenue lost when the Obama administration permitted GM to continue to deduct previous losses from current profits, even though such deductions are ordinarily wiped out in bankruptcy proceedings.

It’s hard to avoid the conclusion that GM is bleeding money because of decisions made by a management eager to please its political masters — and by the terms of the bankruptcy arranged by Obama car czars Ron Bloom and Steven Rattner.

Rattner himself admitted late last year, in a speech to the Detroit Economic Club: “We should have asked the UAW [United Auto Workers union] to do a bit more. We did not ask any UAW member to take a cut in their pay.” Non-union employees of GM spin-off Delphi lost their pensions. UAW members didn’t."


Automotive News: ?GM is going from bad to worse? | WashingtonExaminer.com