In response to:

Obama’s "Really Stupid, Stupid, Stupid Sequester"

Ilene12 Wrote: Feb 21, 2013 5:45 AM
We have a debt crisis because Bill Clinton and svengali Treasury Secretary Robert Rubin signed free trade agreement called NAFTA. This sent our corporations and jobs overseas. Then George W. Bush signed the GAT agreement again sending corporations and jobs overseas so corporations could pay lower wages and eliminate the corporate taxes of the US. This is why we have a deficit. Our corporations, who escape paying taxes, Jeffrey Imult from GE, go overseas to hire cheap labor, bring their goods bAck to US to sell at high prices. Many large corporations are not paying taxes and American workers do not have good jobs to pay taxes. So blame it on the politicians like Clinton, Bush, the Republican Party who dreamed up these free trade agreements
Dan107 Wrote: Feb 21, 2013 8:48 AM
The corporate tax rate that you claim is eliminated is the highest in the industrial world.
AZhot Wrote: Feb 21, 2013 7:20 AM
Don't point fingers at the Republican's. the Marxicrats were more than complicit in this quagmire.
TexanPatriot Wrote: Feb 21, 2013 7:04 AM
Obama gets a 'get-out-of-this-mess-without-blame card?
American1st Wrote: Feb 21, 2013 7:04 AM
Ilene-

You don't think that UNIONS had anything to do with companies going overseas for cheaper labor? A company can't pay $27/hour + $10/hr in benefits to sew buttons on a shirt or glue doodads together & sell their product at a marketable price.

Look at what the Unions did to the American auto industry.

Look at what they just did to Hostess. They killed the Twinkie, rather than give an inch in this horrible economy. Now a company from Mexico is looking to buy the name & recipes, not to mention, they put 18,500 Americans out of work, but that didn't matter to the Union boss. Here is a good read (actually it will make you sick):

http://www.redstate.com/2012/11/21/let-them-eat-cake-as-hostess-workers-get-hurt-bakery-union-bosses-th

In the opaque world of sovereign debt credit ratings, one of the most important issues facing a rating agency is a country’s economic growth.

One of the reasons why the United States has had such large deficits is because economic growth for the last decade and a half has been anemic. 

I highlight that here because recently I took umbrage with the Congressional Budget Office projections on the U.S. economy and the country’s budget deficit, writing for Townhall about the budget problems we will face once interest rates begin to rise.

The “thorny problem with the CBO forecast is that after this...