Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Obama Plan Projects National Debt to Reach 20 Trillion if Re-Elected

Posted by   + Show Post

This is according to HIS budget predictions...

http://m.cbsnews.com/fullstory.rbml?...3&videofeed=39


" If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms."

Remember Romney asking young people how they could vote for someone putting all this debt on their shoulders?

"Mr. Obama doesn't mention the National Debt much, though he does want to be seen trying to reduce the annual budget deficit, though it's topped a trillion dollars for four years now.

Don't forget the "Win the Future" program, where Mr. Obama called for "taking responsibility for our deficits, by cutting wasteful, excessive spending wherever we find it."

How can this possibly be good for America?  How can Americans support this? Yes, we've undergone an economic crisis but we have to aspire to better than this mess, we have to aspire and work for fiscal responsibility!

by on Mar. 21, 2012 at 11:43 AM
Replies (61-66):
Meadowchik
by Gold Member on May. 19, 2012 at 3:25 AM

 

Quoting Friday:


Quoting Meadowchik:

It's true that government cannot be run exactly like a business, but business is the heart of the economy, and government is already trying to run like a business in too many ways, isn't it? In any case government already has a very significant impact on business and business growth in the US. 

Furthermore, government functions on a budget (or, atleast it SHOULD) just as businesses must run on budgets, or else fail.  Yes, governments get to print more money, but the people lose out when hit by inflation.  What I earn today and put away till retirement might be worth much less by then, because of inflation, for instance.

The reality is that government and business are intertwined, whether we like it or not, and the well-being of Americans are entwined with the well-being of American businesses.  This is why a knowledge of business, finances, and economics is needed to understand the big picture: how government is suffocating business growth and what steps can be taken to promote business growth.

Romney: he knows how to keep a business afloat, he knows how to work in a bipartisan manner to cut spending and reform healthcare in a way the majority of the people want, Romney knows how to turn around a highly complex organization like the Olympics, one that combined private and public assets to comply with private and public needs.  Romney is not just a businessman.  He has worked personally with people as a pastor to help them find jobs, he has turned around businesses in the private sector, he has turned around public budgets as Governor, and he has turned around the Olympics, which had both private and public combined.

Look at Romneycare in Massachusetts...Romney worked with both parties to achieve something most Mass citizens wanted and of which most approve, while facing a supermajority of the opposing Democrat party.

 


How long ago was Romneycare? I have serious doubts the two parties will be willing to work together anymore. Compromise has become a dirty word.

 2006, with Ted Kennedy watching.  Romney was able to pass a market-driven reform while winning support of all but TWO members of the Mass legislature.  Say all you want about times now...Romney faced fierce opposition and even vetoed several Dem provisions and was overruled in some of them.  Still, the accomplishment and bipartisansh^p is impressive, and polls repêatedly show satisfied Mass citizens.

The most pressing social issue today is the economy

Visit Mitt Romney for President, CafeMom Group

Meadowchik
by Gold Member on May. 19, 2012 at 3:32 AM

 

Quoting joey125:

I agree with you Friday, Venture capitalists make money either way, if the company fails or succeeds, they charge a fee for services as well, the government cannot work the same way

 Yet in many cases Bain agreed on a fee of stock options, meaning that they got more when the company did well; not all VC firms are the same.

The most pressing social issue today is the economy

Visit Mitt Romney for President, CafeMom Group

Carpy
by Platinum Member on May. 19, 2012 at 7:37 AM

Andrew mellon was Secretary of the Treasure under Harding Coolidge and Hoover.  He was a banker and he started investing in startups that needed cash while FDR was in office.  He gave the capital needed to many companies we know today, to get out of slumps or get going.  He gave them loans with no contract to pay if they failed.   FDR in his class war under the New Deal wanted to take him down.  He directed his justice dept to go after him for not paying enough taxes.  He spent much of his last years as an elderly man, fighting those because he actually did pay all that he owed and over paid.  FDR tried to convict him for not paying what he would have owed on his "undistributed profits" law that he tried to get through congress.  FDR pushed for a 79% tax on the wealthy called unused profits tax.  He did this during the depression. (not to bright).  He tried to force Mellon to pay that even though it was not law.  He tried to force him retroactively to pay on a law that never got passed at that rate to begin with.  Mellow formed the Mellon Institute and endowed  The National Arts gallery with paintings he had purchased over the years.

Quoting Friday:


Quoting Carpy:

Bain is a venture capitalist company.  Andrew Mellon was the grandfather of venture capitalists.  Read about him and you can get a good understanding of what venture capitalism is.  In a nutshell, they find struggling companies or start ups, and determine if they have a chance of making it.  They then invest money and hope they can get them headed in the right direction.  If they are successful, it is a win win situation.  Many companies we have today are here because some one (a venture capitalist) decided to take a chance.

Quoting Friday:


Quoting Meadowchik:


Quoting joey125:

Do foks really think Romney should run the country like Bain Capital.  Bain Capital s objective is to make money for themselves and their stock holder, they are not in the business of creating jobs,  Funny how Romeny does not speak too much about his time as governor, when he pass the health care bill , and their jobs were in the toilet.  

Why not? You have a stake in America, and Romney brought success to Bain's stakeholder's.  American success means improvement for every stakeholder in America, and every American.

Didn't Bain make money by buying companies, dividing them up, selling them off and giving the profits to the shareholders? I'm open to being corrected if I am wrong but don't understand how he could do that with the US. I looked on his site and it was the same Republican plan we've been hearing....cut taxes, deregulate and drill.


Andrew Mellon? Is he related to Thornton Mellon? ; ).

Thank you for the info. I have no issue with Bain but don't see how that can be applied to the govt.


bellawomen
by Bronze Member on May. 19, 2012 at 9:21 AM
Show me how this has strengthed education? Are there better overall graduation rates? Are more kids attending higher education? Are teacher statisfaction rates increased across the board? How did he pay for the incentives? Because right now there are no incentives nationwide and education funds are already strapped and he plans to make cuts to education to expand the military.

I do like the parental prep class. I wish everyone had to take it because uninvolved parents are at every economic level, not just those in poverty. I also like his focus on Early Education, as I work in Early Intervention and see how much its needed. Not just for the children, but their families as well.


Quoting Meadowchik:

 Romney has a proven record on strengthening education:







from: http://aboutmittromney.com/education.htm


Quote:



 





APPROACH:


 


 


Give Students Incentives and Tools to Succeed:


As Governor, Mitt Romney:


■ Created a merit-based scholarship that provides full tuition to a state university or college to the top 25% of high school students graduating from public schools, including charter schools. (13,000 awarded in 2005, 14,000 in 2006, and 16,000 in 2007).


■ Began a program to expand charter schools, providing and increasing funding, fighting the legislature's cap and moratorium on charter schools, and successfully increased the number of charter schools and the number of students attending them. (Charter Schools)


■ Propsed bill supplying every high school and middle school student with a laptop.


■ Propsed parental preparation classes to help parents take active role in kids education (as part of Kindergarten registration, parents accepting state-funded childcare must attend at least one class, voluntary for all others -- Romney Testifies on Education Reform - Jan 11, 2006)




Give Teachers Incentives and Tools to Succeed:


“■ Provide special financial bonuses to math and science teachers, Advanced Placement teachers, and teachers with a proven record of results.


■ Create a mentor teaching program and increase funding for teacher training.


■ Equip the state to intervene faster in failing schools to provide leadership training and give principals the authority they need to turn around failing schools.


■ Raise state education aid to its highest level in history.”



“Under the Romney plan, teachers in the Commonwealth would be eligible for annual bonuses ranging from $2,500 to $15,000. Significant new investments in teacher development and recruitment are planned, including the hiring of 1,000 highly qualified math and science teachers as part of a new “Commonwealth Teaching Corps” that would be eligible for specific $5,000 annual bonuses. Teachers whose Advanced Placement math and science students demonstrate measured achievement could also receive up to a $5,000 annual bonus.


“ "I believe that our best teachers are underpaid and should be rewarded for the extra effort they bring to the classroom and the results they deliver for our students," said Romney. "Teachers should be compensated according to their ability to produce real results, not solely on the number of years they’ve been on the job. If we want to attract ambitious teachers, we need to treat teaching as a profession." ”



“Significant changes in teacher evaluation are also being proposed. Evaluations would be removed from the collective bargaining process, and would instead be based on improvement in student performance and peer review...


“ "Governor Romney’s education reform plan addresses the single biggest challenge for our state’s economy, which is supplying the pipeline of skilled workers that technology employers need for sustained future growth," said Massachusetts High Technology Council President Christopher R. Anderson. "The Governor’s plan rightly focuses on attracting and retaining the best math and science teachers, while giving them the support and tools they need to prepare students for the competitive global economy." ”



“In separate surprise ceremonies this morning, Governor Mitt Romney joined students, teachers and local officials at Randolph High School in Randolph and Codman Academy Charter School in Dorchester to honor two unsuspecting teachers with $25,000 Milken Educator Awards...


“ "Teachers like Jasmine Lellock and Thabiti Brown are critical to the success of our education initiatives and are doing an outstanding job preparing our children for future success in the classroom and the world," Romney said. "Teaching professionals are the backbone of our educational system and the best should be recognized and rewarded." ”




Other Actions by the Romney administration:


 


Implemented new proficiency requirements for graduation:


 


“In 2003, passage of the Massachusetts Comprehensive Assessment System (MCAS) became a graduation requirement for the state’s high school seniors...


“Only 55 percent of the class of 2002 passed the test, which is first administered in the tenth grade, and it was hard to convince people—parents especially—that the assessment was fair and at the right level. The next year, however, when the test counted, the pass rate jumped to 72 percent; after retesting, eventually 95 percent of the class of 2003 passed the test. The rates so far for the classes of 2004 and 2005 have been even better. So, clearly, the stance that we at the Department of Education took, that the MCAS set the right standard—that it is an appropriately hard test to do well on, but not a hard test to pass—has been rewarded.”



 


Successfully defended performance based program from lawsuit:


 


“As education advisor to Governor Mitt Romney, he helped develop the governor’s comprehensive education reform proposal of 2005, and also led the reforms of the state's district and charter funding formulas. In 2003, Dr. Costrell’s extensive expert testimony in Massachusetts’ school finance case (Hancock v. Driscoll) proved critical to the successful defense of that state's education reform program.”



 


Created Education department to focus on early education:


 


“On July 1, 2005, Massachusetts became the first state in the nation to launch an independent department with a primary focus on early education and care. This innovative governance structure was created to have equal standing with the state’s Department of Education (DOE) and Board of Higher Education (BHE). In Massachusetts and nationally, the new Department of Early Education and Care (EEC) was greeted with excitement, high expectations and a keen sense of watchfulness. The newly consolidated Department was given oversight of early education and care providers and after-school programs for children ages 0-14 (and through age 16 for children with special needs)...


 


“Specifically, research has demonstrated that low-income children who benefit from a high-quality early education are more likely to excel in school, stay off welfare and out of jail, and to later become good parents themselves. Economic research also showed a potential return on investment in high-quality early education for low-income children could lead to as much as a 16% return on every dollar invested...


 


“The Department was responsible for providing information and support to families of the over one million children... for licensing, monitoring and supporting early education and care providers, and providing financial assistance for lowincome children - funding approximately 54,000 slots in fiscal year 2006...


 


“Fully 77% of the diverse group of respondents interviewed for this study reported that the newly consolidated Department was either better, or not worse than the previous structure...


 


“Since the launch of EEC in Massachusetts, several other states have made similar governance changes to elevate early education, and more states are exploring governance structures that recognize its importance. As the first state in the nation to establish an independent Department of Early Education and Care, Massachusetts has forged a path for others to follow.”




 


Quoting bellawomen:

Romney has repeatedly said he wants to cut the amount of student loans given. Instead he wants to "encourage" families to save. This is impossible for nearly most Americans (I forget the exact number). He will take from the education funds to give to military. He also firmly supports No Child Left Behind, which ask most teachers and school staff, fails in nearly all aspects.

Less education always leads to higher crime rates. Invest in education to support our future. Make it possible for everyone to get a higher education. In the short term, give student loans and in the long term get a return on investment through student loan interests and higher taxes because of higher incomes.



Quoting Meadowchik:




Quoting joey125:


We are still under the Bush tax cuts, so if they are so good where are the jobs, overseas that' s where   We need skilled labor in this country, the factory jobs of yesteryear are not coming back.  Busniess's decided to send the jobs overseas not because of taxes, because of cheap labor,  We as a nation did not prepare our citizens for this , we need to focus on education, and from what I hear from the Republicans,  are not concerned and do not want to make education more affordable for many Americans.  


What a joke...according to who???


 

Posted on CafeMom Mobile
Meadowchik
by Gold Member on May. 19, 2012 at 1:40 PM

“The 58-year-old businessman, son of former Michigan Gov. George Romney, has spent less than three years in elective office, but in that time the state has closed a $3 billion budget deficit without raising taxes, schools have scored first in national math and science tests and Romney held out until the Legislature gave him a tough new drunken driving law he demanded.”

“Education Accomplishments as Governor of Massachusetts...

Massachusetts 4th and 8th graders scored first in the nation in both math and English—the first time in history a state has achieved this accomplishment.” [of coming in first in all NAEP tests administered to all the grades tested]


Platform and Record

“Massachusetts students in both 4th and 8th grade have led the nation in performance on NAEP exams in both Reading and Math since 2005.”

The National Assessment of Educational Progress (NAEP) exam is an annual exam that tests either grades 4, 8 or 12 in certain subjects. For example, in 2003 the NAEP tested 4th and 8th graders in math and reading. In 2007 the exam tested 4th and 8th graders in math, reading and writing. In 2008, the NAEP exam administered was arts to 8th graders. In 2009 the exam tested 4th, 8th and 12th graders in math, reading and science.

Quoting bellawomen:

Show me how this has strengthed education? Are there better overall graduation rates? Are more kids attending higher education? Are teacher statisfaction rates increased across the board? How did he pay for the incentives? Because right now there are no incentives nationwide and education funds are already strapped and he plans to make cuts to education to expand the military.

I do like the parental prep class. I wish everyone had to take it because uninvolved parents are at every economic level, not just those in poverty. I also like his focus on Early Education, as I work in Early Intervention and see how much its needed. Not just for the children, but their families as well.

The most pressing social issue today is the economy

Visit Mitt Romney for President, CafeMom Group

bellawomen
by Bronze Member on May. 19, 2012 at 2:06 PM
You didn't answer any of my questions, nor am I reading anything from Mitt himself or Fox. I don't support standardized testing as I and most teachers don't feel its a true measure of intelligence and understanding. Almost anyone can learn stuff for a test. High testing scores on standardized test doesn't show education strength, just good practicing for the tests.

Quoting Meadowchik:




“The
58-year-old businessman, son of former Michigan Gov. George Romney, has
spent less than three years in elective office, but in that time the
state has closed a $3 billion budget deficit without raising taxes,
schools have scored first in national math and science tests and Romney
held out until the Legislature gave him a tough new drunken driving law
he demanded.”




“Education Accomplishments as Governor of Massachusetts...


Massachusetts 4th and 8th graders scored first in the nation in both
math and English—the first time in history a state has achieved this
accomplishment.” [of coming in first in all NAEP tests administered to
all the grades tested]








Platform and Record






“Massachusetts students in both 4th and 8th grade have led the
nation in performance on NAEP exams in both Reading and Math since
2005.”



The National Assessment of Educational Progress (NAEP) exam is
an annual exam that tests either grades 4, 8 or 12 in certain subjects.
For example, in 2003 the NAEP tested 4th and 8th graders in math and
reading. In 2007 the exam tested 4th and 8th graders in math, reading
and writing. In 2008, the NAEP exam administered was arts to 8th
graders. In 2009 the exam tested 4th, 8th and 12th graders in math,
reading and science.



Quoting bellawomen:

Show me how this has strengthed education? Are there better overall graduation rates? Are more kids attending higher education? Are teacher statisfaction rates increased across the board? How did he pay for the incentives? Because right now there are no incentives nationwide and education funds are already strapped and he plans to make cuts to education to expand the military.



I do like the parental prep class. I wish everyone had to take it because uninvolved parents are at every economic level, not just those in poverty. I also like his focus on Early Education, as I work in Early Intervention and see how much its needed. Not just for the children, but their families as well.
Posted on CafeMom Mobile
Add your quick reply below:
You must be a member to reply to this post.
Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)