Ahead of the curve or ‘I told ya so’.

Stephanie wrote:Here is what he said the "Cain Plan" is:

First you pay the interest on the debt to the Chinese.
Then you take care of our military families.
Then you make Social Security payments.
Then you pay Medicare.
Everything else is fair game for cuts...blah blah blah....

But Ben Bernanke says it's too late for that Mr. Cain.

Bernanke is absolutely right. It is too late.

So the Cain plan can't work?

No, it's too late for that.

Stephanie wrote:Keep in mind, Sammy, that the man now demanding we cut everything except military pay, SS, Medicare and interest payments on the debt was telling the rest of us how stupid we were for opposing TARP.

As I said before, WTF?????

First you pay the interest on the debt to the Chinese.
Then you take care of our military families.
Then you make Social Security payments.
Then you pay Medicare.
Everything else is fair game for cuts...blah blah blah....

SamCogar wrote:You or no one else can CUT the interest on the Chinese debt with the stroke of a pen ...... unless that stroke was on a Bank Note payable to the Chinese Government to be credited against the Principle Balance of the Loan. Iffen you don't pay the Interest the Principle keeps increasing. And iffen ya still don't pay it the Chinese will cut off all Exports to the US and then you will really be in deep shit.

WALLACE: All right. Let's drill down, that is the whole point of you being here today. Drill down on some of you views.

On the debt limit, you say: don't make a deal. Even John Boehner who says: let's cut spending at least as much, dollar for dollar, as we raise the debt limit. You say that is nothing but a stall tactic.

CAIN: Yes, it is.

WALLACE: Let's take a look.

(BEGIN VIDEO CLIP)

CAIN: Raise the debt ceiling, pay for the stuff that's critical, and then the other things are going to have to be forced mandatory cuts.

(END VIDEO CLIP)

WALLACE: So, under the Cain plan, you would pay our Chinese creditors first --

CAIN: Yes.

WALLACE: -- while substantially cutting, sharply cutting, services, programs for Americans?

CAIN: Yes. But not -- pay the debt, pay the interest on the debt first. Make sure we take care of our military and their families. Thirdly, make sure the people that are getting paid for Social Security checks that they get paid. And then, fourth, make sure that people's Medicare bills get paid.

Then, you look at everything else, and that's where you start cutting. You don't start cutting until after we take care of those things. Now --

WALLACE: That's going to mean a lot of serious cuts for people while paying we're paying the Chinese creditors first.

CAIN: Yes. If we don't pay the Chinese creditors first, the amount of interest we have to pay will go up. I am sure that there are penalties in there if we don't pay it on time.

Now, here is the corner, quite frankly, that Representative Boehner and others have painted themselves into. If you were to do those four things, you need to have done it at the beginning of this crisis, before getting this close. What has happened now is that they have allowed the timing to get so close to the end, they may not be able to do the Cain plan for the four things that I talked about. They may have allowed themselves to get in a corner where they may be forced to and I still call, they should have -- they should have seen this coming, which they did. But they didn't move fast enough.

WALLACE: But even your plan --

CAIN: Yes.

WALLACE: -- and let's say, even if they had been able to take care of this sooner, Federal Reserve Chairman Ben Bernanke says that your idea, you're not the only one offered it, is too dangerous.

This is the way he put it -- "Even if the debt is paid, there's the issue of market contest and how the market would respond to risk of default or even the default on non-debt obligations."

Bernanke says it will end up just as you suggested, it will end up costing the U.S. more, even if you pay the debt, it's going to end up costing the U.S. more to borrow from other countries which will only increase the deficit. And that's going to filter down to higher interest rate, whenever you want to get a new home, buy -- got a mortgage or get a new car loan.

CAIN: He is absolutely right. But I also think raising the debt ceiling is also going to be a negative against the market confidence. They're caught between a rock and a hard place, quite frankly, now. And the reason that they got in between this rock and a hard place, they waited too long to deal with the issue. That's now compounding the problem, not helping problem.

WALLACE: Yes. But Bernanke is saying, at this point, you've got to make a deal. And you've got to make a deal and raise the debt ceiling. And if you don't and you just pay the debt off, that still going to frighten the market.

CAIN: And I would agree with him. I agree --

WALLACE: So, you just said the Cain plan is wrong.

CAIN: No, I didn't. I said that they allowed themselves to get in a hole. They allowed themselves to get between a rock and a hard place. What I said about identifying those four things and pay those first, if they had done this a year ago, anticipating this, it would have worked. He's right.

WALLACE: But is the Cain plan right or wrong now?

CAIN: The Cain plan can't work now. It cannot work now, simply because they waited too long. And this is part of the problem. They wait until a problem is at a disaster point and then go to the American people and say, we have no choice.

That's not leadership. That's not good decisions.

WHAT IS HIS PLAN?????? WTF?????

WALLACE: But is the Cain plan right or wrong now?

What is the Cain plan now?

WALLACE: Question: what would President Cain offer the Palestinians to make peace?

CAIN: Nothing. Because I'm not convinced that the Palestinians are really interested in peace. If the Palestinians come to the table with Israel, with a genuine offer that the two of them can sit down and negotiate, the United States would, in fact, try to facilitate that discussion.

But if we look at history, it has been clear that the Palestinians have always wanted to push Israelis and push Israel for more and more and more. I don't agree with that. I respect Prime Minister Benjamin Netanyahu for taking a stand and saying they cannot give that up.

Secondly, it's Israel's decision, not President Obama's decision to where the borderlines ought to be.

WALLACE: Where do you stand on the right of return?

CAIN: The right of return? The right of return?

WALLACE: The Palestinian right of return.

CAIN: That is something that should be negotiated. That is something that should be negotiated.

WALLACE: Do you think the Palestinian refugees, the people who were kicked out of the land in 1948, should be able or should have any right to return to Israeli land?

CAIN: Yes. But under -- but not under Palestinian conditions. Yes. They should have a right to come back if that is a decision that Israel wants to make.Back to -- it's up to Israel to determine the things they will accept. Prime Minister Benjamin Netanyahu made it real clear in his statement following the statement that President Obama made. They are wiling to make some concessions. They are willing to give on a lot of things. They are willing to be compassionate.

I don't think they have a big problem with people returning. The issue is there are some things that they simply do not want to give in on.

Stephanie wrote:Sammy, Sammy, Sammy.......

he's declaring what US foreign policy would be under a Cain presidency and he says...

WALLACE: Question: what would President Cain offer the Palestinians to make peace?

CAIN: Nothing. Because I'm not convinced that the Palestinians are really interested in peace. If the Palestinians come to the table with Israel, with a genuine offer that the two of them can sit down and negotiate, the United States would, in fact, try to facilitate that discussion.

But if we look at history, it has been clear that the Palestinians have always wanted to push Israelis and push Israel for more and more and more. I don't agree with that. I respect Prime Minister Benjamin Netanyahu for taking a stand and saying they cannot give that up.

Secondly, it's Israel's decision, not President Obama's decision to where the borderlines ought to be.

WALLACE: Where do you stand on the right of return?

CAIN: The right of return? The right of return?

WALLACE: The Palestinian right of return.

CAIN: That is something that should be negotiated. That is something that should be negotiated.

WALLACE: Do you think the Palestinian refugees, the people who were kicked out of the land in 1948, should be able or should have any right to return to Israeli land?

CAIN: Yes. But under -- but not under Palestinian conditions. Yes. They should have a right to come back if that is a decision that Israel wants to make.Back to -- it's up to Israel to determine the things they will accept. Prime Minister Benjamin Netanyahu made it real clear in his statement following the statement that President Obama made. They are wiling to make some concessions. They are willing to give on a lot of things. They are willing to be compassionate.

I don't think they have a big problem with people returning. The issue is there are some things that they simply do not want to give in on.

WTH, Sam. You're too intelligent to be defending that dolt.

SamCogar wrote:

Stephanie wrote:Keep in mind, Sammy, that the man now demanding we cut everything except military pay, SS, Medicare ...........

Steph, read again what you posted that Cain said, to wit:

Everything else is fair game for cuts...blah blah blah....

Cain made no such demand that you claim he made.


And when he (Cain) said "Everything else is fair game for cuts" he meant cutting non-personell Military spending, ....... cutting waste, fraud, graft, corruption, etc. outta Social Security and Medicare/Medicaid ...... and cutting any other Government Agency or Program that needs a good "cuttin". .

CHARLESTON, W.Va. -- A Huntington administrative law judge was placed on leave Thursday while the Social Security Administration investigates the high number of social security applications he has granted so far this fiscal year.

In 2010, Daugherty denied just four of the 1,284 cases he decided. Administrative law judges typically only award benefits about 60 percent of the time.

http://www.wvgazette.com/News/201105261553

fyi.....imo there is another candidate saying a lot of things worth listening to.