"No Way Out" of Debt Trap, Gross Says: U.S. Living Standards Doomed to Fall

The only way out of this mess is for all that live at or above the comfort level in income, $200,000 and over, to give up 25% over a 5 year period and create legislation to keep execs. from manipulating funds as they please. Also prices not to be raised because people earn more money; any business earns through volume over long term not by charging more to make a killing in the short term. This is why we're in this mess.

I can't understand why Democrats whine when this country goes deeper into debt when they're the ones doing all of the extreme spending. Here are the facts:
The first 6 years of George W's term the house & the senate was a fairly balanced mix of liberals & conservatives, thus the national debt wasn't going up or down from a couple of hundred billion dollars.
During the last 2 years of George W's term the house & the senate filled up with liberals, thus controlling ALL OF THE SPENDING! The national debt quickly shot way up to 4 trillion dollars!
When Obama took office the house & the senate was still full of liberals, but now with permission to do whatever they wanted! Within 2 years of Obamas term the national debt shot up from 4 trillion dollars to 14 trillion dollars!
There is no excuse for this much spending, & I'm really tired of all of the liberals starting riots & calling people names.

Hello Everyone, I hate to see main street Americans pit against each other and divided. We have only one problem and it has nothing to do with either political party, do me a favor watch my video on You Tube: the real brenda isom. I promise my 3 part interview will enlighten you and contains the perfect plan for main street to recover financially! Please watch.

I now have to give updates and comments on my previous comments as to how one put it "Get out of the basement" My Statement of 40yrs of Republicans in office hit someones nerves so let me state facts. since 1969 (1969-2001 ie... said 40yrs) there have been 5 count them 5 Republican presidents in office for a term of 28yrs and 2 Democratic presidents for a total of 12yrs. Carter who was beat down by republicans to do nothing and Clinton whom had to fight tooth and nail to rebuild the economy to a point that we had No Deficite this excludes our current (sitting president). If you look at the facts the Republicans Dominated congress and their voting records show they furiously voted down most important legislation to care for or about the american public and middle class and voted furvently for the banking industry while Dem presidents were in office. God forbid a Democrat say we need to regulate (banks) them. In our countries years past they Republicans) centured a sitting president because He ( the President) made a comment stating that banks would be the death of our nation or something like that. but now the banks are doing great and the country is going bankrupt. whom was wrong. Is my head stuck in a hole or have I been living in my basement too long ( I live in a house on 14ft piers? You decide. I don't think I have except to sit blindly and watch all this unfold. Again, Our country is in Trouble! Open your Eyes. Look statistically at whom has the most money to lose if the banks are regulated. The Gop members. P.S. We can go back to the Kennedy/LBJ yrs and check out those stats too if you like but I'm no stata tician. Let the public do as they wish.

I now have to give updates and comments on my previous comments as to how one put it "Get out of the basement" My Statement of 40yrs of Republicans in office hit someones nerves so let me state facts. since 1969 (1969-2001 ie... said 40yrs) there have been 5 count them 5 Republican presidents in office for a term of 28yrs and 2 Democratic presidents for a total of 12yrs. Carter who was beat down by republicans to do nothing and Clinton whom had to fight tooth and nail to rebuild the economy to a point that we had No Deficite this excludes our current (sitting president). If you look at the facts the Republicans Dominated congress and their voting records show they furiously voted down most important legislation to care for or about the american public and middle class and voted furvently for the banking industry while Dem presidents were in office. God forbid a Democrat say we need to regulate (banks) them. In our countries years past they Republicans) centured a sitting president because He ( the President) made a comment stating that banks would be the death of our nation or something like that. but now the banks are doing great and the country is going bankrupt. whom was wrong. Is my head stuck in a hole or have I been living in my basement too long ( I live in a house on 14ft piers? You decide. I don't think I have except to sit blindly and watch all this unfold. Again, Our country is in Trouble! Open your Eyes. Look statistically at whom has the most money to lose if the banks are regulated. The Gop members. P.S. We can go back to the Kennedy/LBJ yrs and check out those stats too if you like but I'm no stata tician. Let the public do as they wish.

The problem with welfare is the baby factories that abuse the system. They don't care about their own kids. They only use those kids as instruments to get free money for alcohol and drugs mostly. This can be deal with easily... check on this woman constantly. If you get X amount of money with Y number of kids fine, but if the Y becomes Y+1, you lose all your benefits. It would be that easy.

Don't take a man's drivers license away because he doesn't pay child support. Sending his to jail will only add to the $$$ burden of the correctional system. Most women miss use this funds anyway (cars, new boyfriends etc). Instead take the money directly from the men paycheck like SS, added to a mutual fund out of the hands of Congress and convert it into a debit card that could only be use to buy food, clothes and school supplies for kinds under 18.

National healthcare. It is breaking the back of american companies not the unions.

Our leader chose poorly our allies. We should have limit ourselves to sell weapons and not to send troops to aid others. Instead of wasting billions in shooting people who has no problem blowing themselves up in order to kill us as well, we should have kiss their asses by teaching Islam in our public schools decades ago. Nothing personal against the j ewes, but we want the Muslim's oil... We should asked for at least 100 years to become a society more to their liking, and in response to anything, we could remind them that they wasted 400 years in Spain... That way we could always get it cheap and secure.

If you are done cursing me...
Think about this:

China pretty much own us, and when was the last time that a Chinese soldier shoot at you? Times change, and adaptation is the key to survival.

The future of the US would not be as grim if citizens from all economic levels were willing to do their "share". Republicans are determined to keep taxes (especially, on the rich) low and literally gut entitlement programs--while many Democrats are unwilling to weaken entitlement programs in the least. So, good compromises and common sense on taxation and spending should come into play, but we Americans and our elected Representatives tend not to go for either.

require the welfare people to produce something other than more kids