Forum Thread

Obama's State of the Union Executive Orders

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  • Center Left
    Independent
    Denton, TX
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    Obama announced 2 executive orders during the State of the Union address that he is going to implement. The first, increase the minimum wage for some federal contract workers from $7.25 to $10.10 an hour. I am totally on board with this. He also called for Congress to pass a bill raising the national minimum wage to $10.00 an hour. "Give America a raise!", Obama said.

    The second order was something he said was named, 'myRA'. Basically it's an executive order creating a new savings program for workers whose employers don't offer retirement plans.

    I wanted to start a forum thread on the executive orders from the speech as opposed to all the talking points as I feel these are things that will for sure be accomplished. I can't help but think that the rest was mostly rhetoric and recap. I hope that not the case. But hey, I watched last year's SOTU and that's exactly how it played out.

    So, for these 2 bits of legislation that will most likely pass without issue, what are your thoughts? I think raising the minimum wage for federal workers is only fair. No one should be a full time federal employee and fall in the poverty bracket, as Obama says. I agree. As for the myRA plan... sounds interesting. From what Obama said, its a savings plan that can't be tampered with.
  • Democrat
    Missouri
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    "MyIRA", a program that can't be tampered with.............the devil is in the details. Although I like the idea, I'm cautious. I really liked Obama's enthusiasm and energy he displayed. He's such a great speaker or a great reader of the glass at his right and left. I'm ready to listen to all the rebuttals from the GOP and the media responses. Did you watch John Boehner's facial expressions. Like, "what am I doing here." and "Oh he said something about the armed forces, I must stand.". You could read the GOP agenda from the clapping and standing not done. I mean this was clearly classic representation of what Congress is going to be like this year.............GOP is not going to be part of anything happening in Congress.

    I watched the whole SOTU with anticipation of wanting to see GOP coming across the line. It was not going to happen tonight...........sad. I did find it odd about Obama explaining pulling the troops out this year from Afghanistan, which drew applause, but the military generals remained seated. I find that maybe an issue that the military does not agree with their Commander-in-Chief.

    Obama is going to continue to have a tough year and maybe throughout his remaining Presidency. I do like the MyIRA idea. Hope it develops, just so they don't use the same Computer Group that engineered the ACA Web site.
  • Independent
    Widefield, CO
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    Okay, now this I have to comment on... First off, what I'm reading here (I didn't watch the speech, forgot it was on today) is that he basically said, "I'm going to raise taxes and prices and that will help the economy." Sorry if I sound like I don't like the guy, he's done some good, but he also, like any President (On both sides) has made some bone head moves. You can't raise federal pay without raising taxes, that's a fact. You also can't raise minimum wage without raising costs of items being sold. Neither of these would really help the economy.

    Am I reading this right? Is he really creating another program forcing American's to spend money, which most of us are already short on? I won't even go into the problems with the ACA (Affordable Care Act), too many problems to speak on there, but really, do we need another program that forces people to pay into something?

    As for the Military, that one I will comment on... How to explain for the uninitiated (Non-Veterans) the relationship between the Commander and Chief and the Military? Military must obey the LEGAL orders of the President and are also forbidden, by military law, against speaking out against him or his decisions, especially as they relate to the military. That does not mean however that they have to agree with him. They are allowed to show, in subtle ways (like not clapping at a speech) that they don't agree with him.

    I personally think, and this is just an opinion mind you, that to be president you should be required to have done at least 4 years of military service. If your going to be commanding troops and potentially sending them into harms way, you should at least know what they are going through other than by reading about it. I can read all I want about being an astronaut or being the president, but does that make me one or allow me to understand what they truly do? Nope.

    Amcmurryfreedom, he should have listened to the Canadians. (Never thought I'd say that...) When the government searched for a company to make the ACA website and chose the company that made it, the Canadian government warned our government that they tried that company 3 separate times and each time had missed deadlines and a long list of problems with the site...

    RanmaMOJ
  • Liberal
    Independent
    Durham, NH
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    I'm starting to understand where you're coming from now ;(!

    Another veteran with a flag and an NRA sticker on his car perchance?
  • Center Left
    Independent
    Central, FL
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    I very much support the new minimum wage. I hope it goes into effect sooner than later. The savings thing is good also. I didn't watch the speech because I have cable and 3 DVR's.
  • Independent
    Widefield, CO
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    pr Wrote: I'm starting to understand where you're coming from now ;(!

    Another veteran with a flag and an NRA sticker on his car perchance?
    A veteran yes, flag and NRA sticker on car, no. First off I don't have a car, I ride the bus most of the time... Also, as a convicted felon (won't get into my views on the Brady Bill vs US Constitution in this thread) I don't think the NRA would accept me. I do however proudly wear my dog tags at all times.

    RanmaMOJ
  • Independent
    Ft.myers, FL
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    RanmaMOJ Wrote:
    pr Wrote: I'm starting to understand where you're coming from now ;(!

    Another veteran with a flag and an NRA sticker on his car perchance?
    A veteran yes, flag and NRA sticker on car, no. First off I don't have a car, I ride the bus most of the time... Also, as a convicted felon (won't get into my views on the Brady Bill vs US Constitution in this thread) I don't think the NRA would accept me. I do however proudly wear my dog tags at all times.

    RanmaMOJ
    It shows your military training; you'r just a robot and follow orders; kill innocent people who you never met or harmed you, because you are ordered to do so; brainwashed all the way and being proud of it. Very sick indeed.
    Forget the flag and your medals; they do not help to make this a healthy society, they are only dead replaceable materials. A flag should have no effect on behavior in a society. So wear your "dog" tags; my dog does not want them.
  • Democrat
    Philadelphia, PA
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    As I stated before ,I did not watch the speech by choice but the talking heads gave me the information to help me form an opinion , first the raise in the wage to $10.10 per hour only affects 4% of the Federal Contractors as most of those contractors pay is higher than $10.10, so my question is will those contractors now have to bid higher on succeeding contracts which the taxpayer will pay ,so the taxpayer is stuck with both higher pay rate and the subsequent higher contract costs, as for this this new savings measure ( MYRA?) I have a question more than opinion, will the employer have access to it if he contributes to it, if the Company fails will the savings account go away with the company or will the employee be able to only recover his portion of the plan sans the interest or will the government guarantee these saving accounts, and I don't believe his bullying tactic of I'll use Executive Action if you (the Congress) don't do what I want will work, this theory of governing will only result in more legal challenges and a more ,if it's possible, divided congress, which will then result in getting less done in Congress, I felt he should have suggested to the Senate to put those Bills on the floor for debate and a vote, whatever the result it would mean forward progress. That's my opinion.

  • Independent
    Ft.myers, FL
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    I agree with "friedman" about his view; indeed I think not much will happen other than the past (hopefully no shut-down); the two elements of minimum wages and a savings plan, are peanuts compared to what should be done to elevate the economy and mentality here.
    Related to the military, one reader got it absolutely correct about that the military does not want to leave Afghanistan, but Obama wisely does.

    It proves again that the military wants to retain their budgets and spent like crazy; more than half the equipment etc. is already disappeared or stolen which was sent over there; so according to them has to be replaced. They want that their budget should not be cut, but increased instead to get more advanced weapons, and hope they can start a new war somewhere etc. They are ruining this country for sure.

    A very sick bunch indeed; the money which is not spent on these idiots, can be spent on infrastructure which creates jobs, instead of filling the pockets of the military lobbyists and industry.
  • Independent
    New York, NY
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    If Social Security is so great, why is the purpose for MyRA?

    Sounds like the Government is so desperate for funding, instead of issuing Treasuries it's issuing Equities.
  • Liberal
    Independent
    Durham, NH
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    Wow, now we have a "financial planner" posting here! This should get good.
  • Independent
    New York, NY
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    I am pretty good.
  • Democrat
    Philadelphia, PA
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    ElegantBroker Wrote: I am pretty good.
    I glad you're good, maybe you can explain (MYRA) it's supposed to be a savings account ,employer initiated and will it be similar to a employer funded 401k?
  • Other Party
    Nebraska
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    What's the difference between a MYRA and an IRA?

    What can one do that the other can't?

    Can I roll my IRA over into a MYRA? Why would I? Why wouldn't I?
  • Other Party
    Nebraska
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    Did a little research on the MYRA. Maybe we'll get more info later, but from what I could see, it's much ado about nothing.

    Yahoo finance has a story about it and they don't have anything good to say about it.

    It seems to be geared to the same people who already have or qualify for IRA's. It has no tax advantage, like a traditional IRA does. It is expected to have a very low rate of return, maybe less than the rate of inflation. The MYRA seems to be able to invest only in government securities while an IRA can invest in government securities or stocks and bonds, or both and at any ratio desired. So this means the MYRA will be able to do SOME of what a Roth IRA does, but with less flexability.

    Other than creating more government, what does it really accomplish? Nothing.

    Maybe that's the whole point...more government only to overlap other government agencies.

    Just what we need...more government to accomplish absolutely zero. Sounds as though they will fit right in.