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From What's On Your Mind: Is the U.S. in danger of following Greece's financial path?

Posted Monday, July 11, 2011, at 6:37 AM

The first of what I hope will be many topics that are on the minds of our neighbors.

"Here's a question, and I hope it doesn't start any fights but, do you think the US will end up like Greece and other countries within the next year or so??"

-- Asked by PrpleHze

I hover around this discussion, but don't expect to see me in it much. I am not well versed in this subject.


Comments
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I believe that if this country does not stop spending what it doesn't have, we will end up like Greece and many other countries that are going under. I am not sure about the riots that are happening in Greece will occur here, but there will be a HUGE amount in crimes.

They (our government)are going to have to raise taxes and cut some of the entitlement programs in order for this country to survive. There are way too many people who do not pay taxes and if they do, it is not as much as everyone else would normally pay. We all enjoy our income tax checks every year, but there are people who are getting them even though they haven't worked to earn it.

-- Posted by PrpleHze on Mon, Jul 11, 2011, at 11:40 AM

I agree with PrpleHze, but once you give someone something for free, they'll kill to keep it.

-- Posted by bellbuckletn on Mon, Jul 11, 2011, at 3:48 PM

Define entitlements?

The cuts they are looking to slash is Social Security and Medicare if I am not mistaken we have paid into both of these programs our entire working lives ... entitlement? Nope I think not.

-- Posted by Dianatn on Mon, Jul 11, 2011, at 4:00 PM

Dianatn,

The programs that I am talking about is not the Social Security and Medicare that we pay in and are able to use. I am talking about denying those who have never worked but yet receive the benefits. Those who do not pay into the system, but receive SSI checks every month and free healthcare.

-- Posted by PrpleHze on Mon, Jul 11, 2011, at 5:16 PM

What about the cooperate entitlements - General electric is the negative tax bracket they are just one of many corporations who like mentioned above do not pay in but get back money PrplHze you put it well when you said "There are way too many people who do not pay taxes and if they do, it is not as much as everyone else would normally pay. We all enjoy our income tax checks every year, but there are people who are getting them even though they haven't worked to earn it." There are billions of dollars in entitlements being forked out to corporations who fit that description to a tee....I say that the so called tax breaks for the wealthy be tied to only the money they ACTUALLY use to create jobs, and that they must have factual documentation to show just how many jobs they create - those who do not create jobs should not get breaks for doing so......

Also one other point that troubles me --- the way they say ending the tax breaks is RAISING taxes..... a break is a temporary relief from something, how is it that ending the break which was intended to be temporary is anything but returning to the real rate? If it were meant to be permanent it would have been a tax reduction. When you return to work after your lunch break are you starting a new job or going into over time no you are RETURNING TO YOUR NORMAL JOB the same thing with tax break it was over they should have returned to the official rate. These people were given a relief, that was paid for by those who make a small fraction of what they do, it took food off tables, and rather than being grateful for the gift they are expecting those who make that fraction to now give up rent money in many cases. Greed is a hoorible addiction, we gave them a break, now they want our blood too ....

-- Posted by wonderwhy on Mon, Jul 11, 2011, at 6:50 PM

I don't believe that there is a one shot solution to this. However, no matter what side of the political coin you're on, only an outright fool would believe that continuing to spend more than we take in is a good thing. Eventually that house of cards will tumble.

To curse Wall Street out of one side of the mouth while begging for more of their money out of the other isn't wise either.

A person should be allowed to keep what they work for, whether he owns Microsoft or sweeps their floors.

-- Posted by Tim Lokey on Thu, Jul 14, 2011, at 11:51 PM

Here is a tip for the rich.

You have until next week to buy shares in high priced stock. Gold for example will go up another $400 - $800.

The Debt ceiling will be raised on Monday or Tuesday by our super Congress to keep the United States from losing it's AAA Credit. That will raise the price of everything up higher than it is now. A Triple Recession. Gold, Silver and Utilities, Food and yes even Gas will go up. Families will have to struggle or pull together to survive.

King Obama, Good ol boy, to hear people speak of him. He is a combination of President FDR, President Reagan, President Clinton, President Bush sr. and President Bush jr. to hear him cry about what the preceding Presidents and congress has done to him and his perfectly Orchestrated tar babies. (The Gang of 6 and the World Bankers and the News Media Reporters who can't see what he has done to America and its people).

-- Posted by Unique-Lies on Wed, Jul 27, 2011, at 3:35 PM

If the U.S. defaults we won't be like Greece. We are a super power nation and our worth less currency is the back up currency for the world.

If King Obama deflates our currency much more or if he defaults, Our currency won't be the back up currency and all the countries will go into so much chaos they won't survive.

The World bank won't make any money if that happens, so it won't be allowed to happen. The Puppet Masters have to start pulling some strings to keep it from happening.

One thing is the stock market has to crash so the people will lose money but the rich bankers can make their profits on our losses.

The World Bankers control the IMF, Feds and the stock market, not just the world countries.

SO we have to wait until the World Bankers have made their latest riches before we will see an end to all this madness.

-- Posted by Unique-Lies on Fri, Jul 29, 2011, at 10:29 AM

I have a unizue idea and that is if anyone is drawing a check from the government require them to work (if they are physically able) doing something productive. There could be a weekly schedule whereas they would go around helping the elderly and handicapped stay in their homes longer. The jobs could be as simple as cutting their yards, picking up trash.Installing light bulbs, cleaning out garages or even helping with house keeping. We have too many people wanting something for nothing, and are willing to live on whatever the government will allow them, rather than working for a better life. I wass taught that you earn your living by the sweat of the brow, and if you want something you work for it.

-- Posted by Poksalad on Mon, Aug 1, 2011, at 9:48 AM

What about us old codgers who want to sit back and watch the world suffer while we retire on the money they took from our paychecks? Should we get up and go take the jobs away from the young people just starting out in life?

Retire? What am I thinking about? You can't retire on Social Security alone unless your in the top 2% of the rich.

We are old and crippled up, so we have to work under the table. Wham, Bamm, ooh, ouch, gotta watch that arthritis. Darnnit, that ain't gonna grow back.

You can't even get married if your living on Soc Sec or you lose part of your retirement funds.

I think our Government gets enough from us without dreaming up more ways to steal from us.

-- Posted by Unique-Lies on Mon, Aug 1, 2011, at 3:28 PM


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Steve Mills and his wife have one daughter and live on a farm outside of Bell Buckle. They previously owned two coffee/ice cream shops, currently operate an internet sales company and teach classes, but his primary job involves the paper industry worldwide. Hobbies and interests lie in gardening, photography, recorded music and of course, their pets.