OECD: U.S. spending cuts would ‘likely generate a recession’

Americans need to wake up...........stop! being Party.......get the facts....go for the truth....and for God's sake if you don't remember past political history and how 30yrs of bad legislation, bad bill, and bad laws............put us in this mess..............then read up on it take the time to educate yourselves before you vote..........................facts, truth, educate your selves on 30yrs of history..............it's not hard to do ..........the internet......and double check the facts.........use your library card....you can on the internet and never leave you house to do it................

Thinking of Wall Street Gambling debts for a moment. There are like 60 TRILLION DOLLARS of outstanding debts due to Derivatives and other Financial Instruments produced after Gramm removed the FDR era financial safeguards in '99 and opened the Casinos. If Capital Gains taxes were increased on those transactions alone; that would really help with revenues! (recall: capital gains taxes were reduced from 35% to 15%) and WHO would be paying the higher taxes? Speculators, folks who add nothing but grief to the Economy and profits for their portfolios. Will they stop gambling if the taxes go up a bit? What do you think?

Government Corruption is our greatest Enemy and we are losing the war.

Anyone who thinks we're not still in a recession has spent far too much of his time on Wall Street.

Just take a walk down Main Street for a change.

Regan cut taxes from 70% to 28% and the capital gains taxes were cut from 35% to 15%. Only ONCE did lowering taxes raise revenue. These tax cuts made WHO very wealthy very quickly? And who's wages stagnated?

Some folks call Grover Norquist the most powerful man in America. Others suggest he is holding our Economy and the Worlds Economy as hostage. Why would they say that? What do you think?

The outsourcing U.S .Middle class jobs is our greatest enemy and we are losing the was in the name of greed

260 million American citizens help made China more money on black Friday and put a big smile on all Major U.S companies that they can outsource more U.S jobs and still get to rape the U.S middle class with sad products

The US economy is in a deepening recession from which recovery is not possible, because American middle class jobs in manufactur­ing and profession­al services have been off shored
and given to foreigners­. US GDP, consumer purchasing power, and tax base have been handed over to China, India, and Indonesia in order that Wall Street, shareholde­rs, and corporate CEOs can earn more.

When the goods and services produced offshore come back into America, they arrive as imports. The trade balance worsens, the US dollar declines further in exchange value, and prices rise for Americans, whose incomes are stagnant or falling.
This is economic destructio­n. It always occurs when an oligarchy seizes control of a government­. The short-run profits of the powerful are maximized at the expense of the viability of the economy.

We have a HUGE DEBT that threatens us all.

Stop thinking Republican vs. Democrat and realize that we have gotten to where we are with over 50 years of out of control spending and debt accumulation regardless of who is in office. We have a choice - reign in spending as well as adjust the tax code and provide a plan to PAY OFF debt or we will be headed into another DEPRESSION, not a recession! This didn't just happen because of Bush and it isn't Obama's fault either - we are all to blame for not holding our government accountable for the spending and debt accumulation associated with it. No one, whether a government, business or individual can continue to spend and borrow without consequence! The consequence is bankruptcy and it is being seen by governments (Greece, Italy, Spain, Ireland, etc. - Germany just had a Bond sale where it couldn't get bids on 35% of them), businesses (1000's have closed in the US alone over the past 3 years - check out Sean Quinn once Ireland's richest man at $6B who is now bankrupt) and individuals (many are refusing to file, but are underwater on mortgages and with values dropping are bankrupt). The debt comes due at some point and if not now then later. Just where do you think the money will come from to pay? The FED? Well guess who - the American people!

If you cut a trillion in spending in one year, you remove 7% of the volume going through our economy, and that would likely have a dramatic impact on overall economic activity. The only way cuts of that size can work will be to replace that volume with private enterprise spending and activity (note that corporations are holding several trillion dollars offshore rather than expanding or investing), or you need to collect more taxes to pay for what the government spends. You can't simply take it out without some sort of backup, that will cause a recession.

What is firing on all cylinders? Putting all my hard earned work back into the system? Go out and buy more stuff to stick in my garage? I already did that. Now that I am broke I am still urged to buy things. And do wish dearly that I could help.

Everybody hates us, but they sure want our money.

"Made in USA" was once a very proud label to have on everyday products. It represented the hard work, industry, and ingenuity of the American people, as well as the best quality money could buy. Did you ever notice that approximately 99% of all holiday ornaments and decorations sold commercially today are made in China??? While shopping for the holidays this month, READ the LABELS. If it says "Made in China," or in India, or Indonesia, or any other foreign country, DON'T BUY IT!! That, my fellow Americans, is called a BOYCOTT. Remember your American history lessons, and the Boston Tea Party. If we want companies and jobs to return to America, then we MUST STOP buying foreign-made products and STOP supporting offshore foreign and multinational businesses!!! The best way to Occupy Wall St. and punish the banks and corporations is to use what you already have and repair it or repurpose it, and make do without new stuff for a while, until your debts are paid off and American businesses are hiring American citizens again. I personally am boycotting commercialism and the purchase of foreign goods this holiday season, and instead volunteering my time to spend with friends and family helping cook and clean and strengthen our relationships. From now on, I will string my own popcorn and make my own homespun ornaments, and to hell with Chinese-made products!!

1. We never left the recession.

2. This is coming from a Paris-based institution...in a country farther into the brink than we are. That makes their warning seem a bit hypocritical......

Face it, we are in a double dip recession. This is one step above a total depression. I am tired of the press sugar coating it. The public deserves the truth, actually, we already know it, but the media didn't get the memo.

So what OECD is saying is... US keep spending your way into debt oblivion or risk a recession. Idiots.

hasn't that been john and mitch's plan all along?

How can this put us in a recession, when where already in a depression that no one wants to admit?