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July 19th, 2011
07:58 AM ET
soundoff (6 Responses)
  1. Andrew

    Some in congress may have more pride in their country club than our country...

    For those in congress participating in the debt ceiling stalemate it may make sense to investigate how they are treating our country's finances vs. those of their country club. Are members of congress, belonging to country clubs, voting to manage the country's finances in the same way they vote to manage their country club's finances.

    To explain, most country clubs are owned by the members. The members vote to secure debt for projects, manage expenses and to pay down that debt through capital retirement fees and/or dues. Members pay the club, via those fees, for services (pool, golf course, restaurant etc..). In a simplified comparison, which may be what's necessary to get through to those on both sides of isle, being a country club member is somewhat like being a taxpayer and American citizen. Country clubs have both Republican and Democrat membership bases, ours is predominantly republican, yet regardless of their political views members routinely vote to raise their "debt ceiling" to make improvements to the services provided to the members and at the same time raised the monthly capital retirement fees (a club members form of taxes), in our case, by a whopping 33% to pay down debt. At the same time the clubs often recognized, as ours did, that dues weren't going to cover all non-debt service related expense and cut spending in certain ares. In our case I didn't hear anyone, republican or democrat, gripe about the increase in debt, fees (taxes) or cuts in expenses as each of these financial management tools make sense to use in order to maintain financial stability and improve the club. Most country club members take pride in their country clubs and want them to be financially viable. I'm wondering if those in congress who belong to country clubs are approaching our great country's financial stability with at least as much seriousness and basic financial common sense as they do their country club's. I certainly hope so but my fear is that if someone looked into it many have more pride in maintaining the greatness and stability of their country clubs than they do the greatness and financial stability of the United States of America. I wish someone would look into it to find out.

    July 21, 2011 at 8:57 am |
  2. Jean

    Our country is playing with peoples lives.. People will be dieing in vast numbers if they cut our medicare/medicad and SS. Most of us would not be on any help from the government if we where able to do anything else.. I ask all who rely on bennifits should make it known to all persons in elected office that we have had it with their playing with our lives just to help keep their office.. I ask you how many old, disabled, childern and the poor will have to die before you make the right and hard chossies ? Remember the people put you in to office and the people can take you out..

    July 21, 2011 at 11:28 am |
  3. Mark Weaver

    Dear CNN
    There seems to be a misconception as to who is being affected during this recession. If we take a second to look back the initial problem was the crash of the stock market and banks due to the housing crisis caused by the abuse of big business and Wall Street. The price was paid by the American taxpayer (those who actually pay taxes), so we bail out the upper 5% off the backs of the bottom 95%. Essentially we first took American taxpayer money then the affects of the housing crash took away the homes of those same people who bailed out Wall Street and the financial institutions.
    So we now have a situation where the bottom 95% have lost there tax money to the richest 5%, we have lost our homes to incompetence of the top 5%, and jobs in the US were manipulated through downsizing or sending overseas to maximize corporate profits.
    Now we have the bottom 95% without work, homes, and all our taxes were used to help the richest. To take it one step further the government wants to reform and cut benefits that we have worked and paid for our entire lives so the richest Americans don't have to pay higher taxes. So once again the rich are going to walk away with their pockets full while the rest of us have to eat crow. From my perspective this is a class war instigated by the richest Americans on the poorest Americans. Where is the justice? How many more slaps to the face of the bottom 95% until they wake up?

    July 24, 2011 at 10:27 am |
  4. Bill

    Brook, If we can get things together this country will go to hell. So if we cant get our SS. and VA then i think that congress and everone in goverment should not get paid if we hit them were it hurt (NO PAID) I bet they will get thinks together real quick. Let them feel the pich. And it sound liketo me at the time now Reed has the best deal.

    July 26, 2011 at 2:21 pm |
  5. karen

    Oh, that stock market crisis? Let's bring back deregulation of Wall Street and the Banks.

    August 9, 2011 at 3:34 pm |
  6. karen

    Yes, let's get rid of Social Security and all get 401k's. And pay at least 50% of employees minimum wage; and, hire only part timers so we don't have to give any benefits or healthcare. Let's get rid of Medicare and put seniors on a voucher. Let's get rid of Obamacare, then the insurance companies can deny seniors coverage; deny anyone with a preexisting condition; make you wait 90 days for coverage (that is if you work enough hours to qualify). When is the USA going to come into the modern world. We prefer wars to caring for our own.

    August 9, 2011 at 3:45 pm |

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