St. Anthony: Retirees seek to reduce debt wisely

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Updated: January 20, 2013 - 6:46 PM

"Doing a little something to educate people is better than nothing at all" is their take on the federal burden.

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sturdlyJan. 20, 1311:56 PM

...and how much of any, make that ANY, revenues, will go to reduce our annual deficit (never mind dreaming of reducing the national DEBT).....No one REALLY believes that the federal government is actually going to spend less this year than last.....Do they? ...The supposed revenues coming from tax increases will disappear into the spending abyss (some already has).....Anyone under 40 even paying attention!!! ...You are the ones who will suffer the consequences more than us 60 year olds....I, for one, have given up (what has been a thank-less protest to the debt) ....spend away.......

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comment229Jan. 21, 13 5:02 AM

I too have given up. I doubt if there is much the American public can do except hope for the best. When polling is done on where cuts should begin, there are some obvious places to cut that 80% of Americans will agree with. "Surveys show most Americans -- most of whom benefit from government payments and tax breaks -- prefer to cut foreign aid" is one along with the defense budget (we can no longer afford to be the policeman of the world) and obsolete military bases and outdated weapons systems that are built in the districts of powerful congressional members. I respect these people, who are about the same age as I am, but cut this, and then cut welfare, and also give a bounty to people who investigate fraud in this country, and when convictions are handed down, give the bounty hunters 10% of what was found. It's a start. Then, come and see me about raising the age of SS and Medicare.

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monkeyplanetJan. 21, 13 6:35 AM

This article is a perfect example of the warped debate about the federal debt. While taxes may need to be raised and some adjustments may have to be made to entitlements, once again there's very little mention of the vast amounts of money spent on "defense." One fact that should be a part of every debate on the debt issue is that the Unites States' military budget is equal to that of every other country in the world COMBINED. This is obviously unsustainable, absurd, and ludicrous. Of course, to acknowledge this is also to acknowledge that perhaps we should give up our aspirations to world empire.

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davidjb99Jan. 21, 1310:13 AM

Government should run the same way a family is run, that you cannot spend more than you take in. How disastrous it would be for a family to spend 30-50% more than it takes in. That is madness, and it's just a matter of time before the family collapses. Ongoing debt is disastrous for any organization, but people still clamor for their entitlements. America has painted itself into a corner, and ALL need to sacrifice to get us back in an acceptable position, if that is even possible. Individually, get out of personal debt ASAP. You will be free to live life with more breathing room and have the ability to help others.

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boomerdudeJan. 21, 1311:54 AM

I was recently at a lecture by an Australian who was very appreciative of all the money the US spends on defense, meaning they thus can spend less on defense, more attention to domestic needs like their Universal health care plan,etc. He made the point that the US spends more on defense than the next 150 countries combined. If true that is staggering. We have somewhere between 700 and 1000 military bases around the world - I have not seen a definitive number , only estimates . There are less than 200 countries in the world. Surely with the end of 2 wars we can find a "peace dividend" in there somewhere.

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ddellwoJan. 21, 1310:32 PM

Here's how this will all shake-out: The Republican's will concede to tax increases, the Democrat's will renege on any budget cuts, and our inexorable slide into the economic abyss will continue. MARK MY WORDS!!!

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