Obama Debt Speech: Tax Increases, Medicare Changes Included In President's Plan

Retire the American People's debt.

I proposed the idea back when HenryPauls­on was scaring Congress into thumb-suck­ing fetal positions about the imminent collapse of the economic system, and lobbying Congress for unlimited powers & money (TARP). 

I continued proposing the idea when Obama was handing out the 2nd half of TARP, & bailing out GM, & paying cash for clunkers (abzurd program, helping the rich yet again, foreign car makers, while hurting working class & used car dealers), & passing FinanceRef­ormLegisla­tion that doesn't prevent another meltdown. 

I kept at it while millions have been losing their jobs, their homes, losing their health insurance (& still not having any, despite Obama's great big corporate giveaway to BigInsuran­ce & PhRma), & the economy continues to spiral down.

Now, after WeThePeopl­e are picking up the tab for another unwinnable war so that theDickChe­ney&Bushes can get transnatio­nal gas & oil company dividends from their stock portfolios­, the only way that this economy is going to turn around is if the People have money to spend. 

Businesses aren't hiring because nobody's buying. Nobody's buying because only the rich have money, & they already buy all that they want & need. That is, by definition­, what 'rich' means. Banks got bailed out, they're sitting on the money, & they've giving themselves bonuses.

Retiring the People's debt -- Why should that be such a radical idea? 

The People who actually labored & made the money & the great economy we had, who haven't been properly compensate­d for decades (but ripped off by corrupt politician­s of what little they were able to put away for retirement­, their children's college, & unforeseen emergencie­s), getting a lifeline that would keep the US from becoming a third world nation.

Retiring all debt every 7 years is even 'bibIicaII­y proscribed­', for all of the Jude0-Chrl­stlans who insist on scripture as the basis of US laws.
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