Financial Regulations Overhaul Is Next Priority of Democrats

yeh but, but, but obama said he doesn't want to take over the market. LOL
remember dat?

Amnesty will be next, watch and see.
The major overhaul they need to do is get rid of these 2 vermin.
They are responsible for a lot of heartbreak and homelessness in this country right now
Not to mention the special deals they cut for themselves.

I am glad you brought that up, because I think we should allow all illegal aliens from Mexico who work in this country to be allowed citizenship. Make them U.S. citizens and tax them and allow them to vote.

Taxes? I think we should raise taxes to offset Bush's taxcuts. We are going to eventually going to have to raise taxes to pay off our $12 trillion dollar deficit. I just don't think we will spend less than $4 trillion on our future budgets.

I guess cutting spending would be totally out of the question.

We should start by cutting military spending. There is no reason why we should spend more than every other country COMBINED on defense.

This is where we AGREE. I think we do need to cut spending. However, you are not going to like my opinions on what we should cut, haha.

I think financial responsibility is key in all of this. I think Arkansas passed a law that you can't spend what you don't have.

In the future I would like to see the military cut down to $650 billion a year. Get rid of Homeland Security ($54 Billions) and give it back to the FBI. I wouldn't mind cutting social security if I am not going to be able to receive any of its benefits. We spend more on medicare and social security (double that of the military). The military is 28% of our budget.

If you merely take one little project away we affect some splinter group. There is no easy or right answer. Either way there is someone that is impacted negatively.

We need to cut back on spending. We can't keep spending money on other countries. Israel needs to sell some of its diamonds in reserve or start making peace and stop building settlements. Rather than receive aid from us. We give more money away by far compared to any nation on earth. Are we the only altruistic religious nation on earth? I start to wonder sometimes.

However, this is the conservative/moderate side of me. So many call me a blue dog democrat for some of my ideas. However, my vocation also dictates some of my conservative ideas.

Oh but I do like your opinions on what we should cut. Foreign aid is the first thing I would cut. And government agencies doing double work, like Homeland Security and the FBI, should also go. And all those little splinter groups need to realize that were broke and they need to suck it up. But none of that is going to happen my blue dog friend. The progressives have taken over and they are in full bore spending mode, to every splinter group they can find or make up, and it's our money they are spending.

If we don't put a cap on spending I am afraid we might end up like Greece. We do need to be more fiscally responsible. We don't need to have the capacity to destroy every nation on earth 8 times over. We don't need to have the capacity to fight three wars at once.

Make a law for a balanced budget and ensure that it equates to what we collect in taxes yearly. If you want to go to war hold a national referendum and have people vote to pay an additional tax for a specific war. We elect representatives to vote for us, thus your vote does count.

We do need to put a little money into the economy to get us jump started again. So Bernanke states, so he knows more than I do about it. At least Bush and Obama thinks he does, because they both appointed him.

If they were white, blonde, blue eyed illegal aliens, there would be no problem. But they aren't...

You forget so quickly under who this recession began. GEORGE W. BUSH.

Republicans like to act like the last 8 years never happened. The conditions for these economic problems build up over years. Obama came into office with the economy already bleeding hundreds of thousands of jobs every month.

I'll be here to remind you why this country is in the shape it is under. Obama is now charged with picking up the pieces and fixing the pile of shit Bush left behind.

the recession began on 9/12
Tax cuts and corporate incentives brought us out.
unemployment was at 5 percent in the bush era, it is now at 10 percent.
How you gonna say bush did that? you act like we were in recession the entire 8 years of bush.
I am no bush fan, so i find wearisome to have to talk about bush each time we need to justify bama worshipping.
Fact is obama is a marxist, his friends are marxists, his appointees are marxists and/or people that raise money for him. 40 percent of his campaign fundraisers now work for him in some capacity.
I find it incredibly naive that you think he is just an innocent and benovolent leader who inherited a big mess when in truth, his philosophy's are the reason that america will not climb out of trevail anytime soon - if ever

Nobody is worshiping Obama. He is not a Marxist. You are delusional.

what ever makes ya feel better buddy.

Bush happened to ease the regulations and allow the free market to run its course. I believe we have seen what massive tax cuts and Wall-street and the banks will do with no regulation. I believe that there needs to be someone watching what the banks are doing with our money. Enron, AIG, Fannie Mae, Bernie Maddoff are some of the most recent instances in which people are aware.

I think we need to establish some clear cut guidelines and pass some legislation that both parties agree on. If the republicans refuse to come to the table and fold their arms and say no...we might have to pass it without them. We are asking for a moderate stance and compromise. You can't just say that things are fine the way they are and any change will lead to Armageddon. That is not reasonable after Bush initiated the first bailout that costs us $800 billion dollars.

Nicely said, two thumbs up.

But regulation is socialism! And socialism is baaaaaaad.

sarcasm