Americans Call Sequester a 'Bad Idea': NBC/WSJ Poll - News and Current Events | futures io social day trading
futures io futures trading

Americans Call Sequester a 'Bad Idea': NBC/WSJ Poll
Updated: Views / Replies:283 / 2
Created: by Quick Summary Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Americans Call Sequester a 'Bad Idea': NBC/WSJ Poll

  #1 (permalink)
Quick Summary
Americans Call Sequester a 'Bad Idea': NBC/WSJ Poll

The rhetoric has been flying on automatic spending cuts but now America has spoken: 52 percent say the sequester is a "bad idea," the latest NBC/WSJ poll shows.

More on CNBC...

Reply to share your thoughts on this current event.

  #2 (permalink)
Elite Member
desert CA
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
Posts: 2,027 since Jul 2011
Thanks: 2,212 given, 1,550 received

That 52% sounds amazingly similar to the election numbers. So when are spending cuts ever going to occur? Only when it has to forcibly like Greece austerity or like other famous historically hyperinflated countries which led to wwII?

A high % of federal employees and many state employees make over six figures plus other unheard of benefits and too much paid volunteer overtime vs. available number of public sector personnel doing the same job. The private sector has had massive effective wage cuts. If the public sector doesn't want to be "forced" by the sequester with furloughs and layoffs of the lower tier public employees, it should follow it's own rhetoric example of "taxing the rich" and do it's own pay cuts of the top public servant earnings. The corporatized news would better serve the public by offering equal time and news supporting the reasons for the sequester. There are at least half of the American citizenry tired of the public waste of tax dollars and probably a good portion of that 52% polled against the sequester, are completely ignorant or brainwashed or made unware by the media into not knowing how much tax funded waste there actually is.

Last edited by Cloudy; March 1st, 2013 at 12:56 AM.
Reply With Quote
  #3 (permalink)
Elite Member
San Marcos, CA
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: 6E, ES
Posts: 55 since Nov 2010
Thanks: 125 given, 34 received

Good idea, just lousy implementation

Everyone understands that cuts need to be made in spending, they just want the cuts in 'those other' programs.

Congress has shown that they are incapable of making judicious cuts to indivual programs so the only way forward is to just cut to the overall budget. Once the overall budget is set, then the deal making can begin. We are only talking about 2% cut each year and it is not even a true cut since cuts get measured against the baseline budget, which automatically increases each year. The problem is that the sequester deal that Congress and the White House passed in 2011 concentrates all the cuts into a small area - defense, which is expected to draw down anyways, and certain discretionary programs. The administration did not expect these cuts to go into effect so they continued spending at the increased rate. Now they have to find the implement a year's worth of cuts in only 5 months.

I have not seen any discussion on numbers but I am rather confident that the non-discretionary programs are actually spending more this year than last. At some point, we have to make the hard choices and everyone will have to take a hit on their favorite programs. You can't argue with the math. The longer we wait, the greater the pain.

Reply With Quote
The following user says Thank You to ddnut for this post:


futures io > > > > Americans Call Sequester a 'Bad Idea': NBC/WSJ Poll

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
2012 Presidential Race All Tied Up: NBC/WSJ Poll Quick Summary News and Current Events 0 October 21st, 2012 06:40 PM
Obama Holding Edge Among Likely Voters: NBC/WSJ Poll Quick Summary News and Current Events 0 October 21st, 2012 09:30 AM
NBC/WSJ Poll: Signs Point to 'Very, Very Close Campaign' Quick Summary News and Current Events 0 April 19th, 2012 07:20 PM
Gingrich Surges to Wide Lead Over Romney: NBC Poll Quick Summary News and Current Events 0 December 13th, 2011 07:30 PM
Cain Is Still Even With Romney Despite Allegations: NBC Poll Quick Summary News and Current Events 0 November 7th, 2011 08:00 PM

All times are GMT -4. The time now is 03:25 AM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-21 in 0.08 seconds with 19 queries on phoenix via your IP