Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Thursday, August 25, 2011
Sunday, August 21, 2011
Monday, August 15, 2011
Generation Vexed: Young Americans rein in their dreams
Amid so much economic uncertainty, many are rethinking career plans, putting off marriage and avoiding the stock market like the plague.
By Tiffany Hsu and Shan Li, Los Angeles Times
August 14, 2011
....Call it Generation Vexed — young Americans who are downsizing expectations in the face of an economic future that is anything but certain. Career plans are being altered, marriages put off and dreams shelved.
....Fewer than half of Americans believe that the current generation will have a better life than the last, according to a Gallup poll this spring. It was the most pessimistic showing for that barometer in nearly three decades.
Another poll, of Americans ages 18 to 29, found that three-quarters of them expect to delay a major life change or purchase because of economic factors. The survey — released last week, just before the Standard & Poor's downgrade of U.S. debt — was by the nonprofit Generation Opportunity, headed by Paul Conway.
"There's a generation here being formed under the crucible of unemployment, debt and lack of economic chances," said Conway, who was chief of staff at the Labor Department during the George W. Bush administration. "They're just seeking an opportunity to get in the game."
...."Our generation is going to take the brunt of the force of the debt crisis," said Glass, a government major at St. Lawrence University in New York. "It's going to mean fewer jobs, higher interest rates, more debt.
"We'll have to sacrifice," he said. "This is a raw deal for our generation." FULL STORY
By Tiffany Hsu and Shan Li, Los Angeles Times
August 14, 2011
....Call it Generation Vexed — young Americans who are downsizing expectations in the face of an economic future that is anything but certain. Career plans are being altered, marriages put off and dreams shelved.
....Fewer than half of Americans believe that the current generation will have a better life than the last, according to a Gallup poll this spring. It was the most pessimistic showing for that barometer in nearly three decades.
Another poll, of Americans ages 18 to 29, found that three-quarters of them expect to delay a major life change or purchase because of economic factors. The survey — released last week, just before the Standard & Poor's downgrade of U.S. debt — was by the nonprofit Generation Opportunity, headed by Paul Conway.
"There's a generation here being formed under the crucible of unemployment, debt and lack of economic chances," said Conway, who was chief of staff at the Labor Department during the George W. Bush administration. "They're just seeking an opportunity to get in the game."
...."Our generation is going to take the brunt of the force of the debt crisis," said Glass, a government major at St. Lawrence University in New York. "It's going to mean fewer jobs, higher interest rates, more debt.
"We'll have to sacrifice," he said. "This is a raw deal for our generation." FULL STORY
Yes, a generation more doomed than mine was during and after Vietnam. The communist liberal progressive doper hippie freaks took over right after that. Which brings us here, now. Bad government, no morals or ethics. No self control. Wickedness in High Places. Evil, treachery and tyranny everywhere.
Wednesday, August 10, 2011
67% Favor Finding Spending Cuts in All Government Programs
Tuesday, August 09, 2011
Rasmussen Reports
Defense spending, along with Social Security and Medicare, accounts for over 50% of the federal budget and is sure to come under the knife as Congress and President Obama look for ways to cut the nation’s staggering deficit. Most voters think that’s a good idea.
Sixty-seven percent (67%) of Likely U.S. Voters think that thoughtful spending cuts should be considered in every program of the federal government as the nation searches for solutions to the budget crisis. A new Rasmussen Reports national telephone survey finds that just 22% of voters are opposed to considering cuts in every government program. Eleven percent (11%) are undecided. (To see survey question wording, click here.)
Fifty percent (50%) oppose keeping the military out of the mix of potential cuts. But 35% think thoughtful spending cuts should be considered in every program except the military. Fifteen percent (15%) are not sure which course is best.
In the national political debate, Republicans tend to be more protective of defense spending, while Democrats are more protective of the non-military side of the ledger. The new voter findings help to explain why.
Seventy-one percent (71%) of Republicans, for example, favor thoughtful cuts in every government program, but 58% think cuts should be considered in every program but the military. Seventy-three percent (73%) of Democrats, on the other hand, oppose spending cuts that don’t include the military*, but just 59% of those in the president’s party favor the consideration of cuts in every program of the government.
Among voters not affiliated with either major party, 71% favor considering every program for spending cuts, and a plurality (49%) opposes sparing the military from these prospective cuts.
http://www.rasmussenreports.com/public_content/politics/general_politics/august_2011/67_favor_finding_spending_cuts_in_all_government_programs
* As the saying goes, THERE'S the PROBLEM
H.R. 2790, The Child and Family Services Extension and Enhancement Act
Tell your US Representative NO!
If you are wondering why Social Security is BROKE,
see the Social Security Index
Look at all the opportunities for CPS FRAUD
Rasmussen Reports
Defense spending, along with Social Security and Medicare, accounts for over 50% of the federal budget and is sure to come under the knife as Congress and President Obama look for ways to cut the nation’s staggering deficit. Most voters think that’s a good idea.
Sixty-seven percent (67%) of Likely U.S. Voters think that thoughtful spending cuts should be considered in every program of the federal government as the nation searches for solutions to the budget crisis. A new Rasmussen Reports national telephone survey finds that just 22% of voters are opposed to considering cuts in every government program. Eleven percent (11%) are undecided. (To see survey question wording, click here.)
Fifty percent (50%) oppose keeping the military out of the mix of potential cuts. But 35% think thoughtful spending cuts should be considered in every program except the military. Fifteen percent (15%) are not sure which course is best.
In the national political debate, Republicans tend to be more protective of defense spending, while Democrats are more protective of the non-military side of the ledger. The new voter findings help to explain why.
Seventy-one percent (71%) of Republicans, for example, favor thoughtful cuts in every government program, but 58% think cuts should be considered in every program but the military. Seventy-three percent (73%) of Democrats, on the other hand, oppose spending cuts that don’t include the military*, but just 59% of those in the president’s party favor the consideration of cuts in every program of the government.
Among voters not affiliated with either major party, 71% favor considering every program for spending cuts, and a plurality (49%) opposes sparing the military from these prospective cuts.
http://www.rasmussenreports.com/public_content/politics/general_politics/august_2011/67_favor_finding_spending_cuts_in_all_government_programs
* As the saying goes, THERE'S the PROBLEM
H.R. 2790, The Child and Family Services Extension and Enhancement Act
Tell your US Representative NO!
If you are wondering why Social Security is BROKE,
see the Social Security Index
Look at all the opportunities for CPS FRAUD
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