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Thank you. I spent about a minute just staring at the screen trying to understand how the concept of "If you want something to change, say the specifics of what you want to change" is just going over people's heads.
Joe Weisenthal would agree with you, and he is a smart guy.
You may run like Hayes, but you hit like $*!#
hahaha! You think I'm wrong? Prove it.
Good luck with that. You'll get wildly rhetorical generalizations and buzzwords as a response, at best.
I'm not sure what BLF would disagree with, but the only part of what you said I would need to look at more is around the housing bubble and "false spending" as you phrased it. My understanding, and I may be off about this, is that the housing bubble was the result of too many households leveraging way too fast, and this process repeating itself. Part of the reason this kept going, was the packaging of subprime mortgages into securities. I think the question then is if the Great Recession occurred principally because of the de-leveraging that individual households needed to do, or if it was the result of the banking system buying all the subprime junk at AAA ratings. I believe the housing bubble caused the individual household issues, but not so sure it forced the banking system to buy the junk. I'm not even sure that the two of those don't go together; I would need to read up on it more. I'm not really sure about this though, it's just my current rough understanding.
Edit: In other words, if the banks hadn't bought all the subprime junk that eventually was worthless, would the Great Recession had been as bad as it was?
This post was edited by CockAtLaw 17 months ago
Unlike other economic models CBO can only use numbers given to it by Congress, yes they will contact agencies and others to get an idea of this and that, but the primary numbers they use are those given to it by Congress. Congress may ask it to project the cost of medicaid for ten years if x number of people use it, but if y number of people use it the projections are meaningless. Which does happen with projectionS and wouldn't be that big of a deal except members of Congress often feed CBO with incorrect numbers, often intentionally, so that it will spit out the desired number that they can talk about on MSNBC or FOX. This happens all the time, and the CBO can only score projections based off those numbers even if it knows they are BS.
Not a single budget, NOT ONE. And no plan at all. All cuts to date were either automatic or the result of the wars winding down.
They have no plan.
OK...spending did increase....A little. But mostly we have held ground and kept spending flat over the last 2-3 years. The GOP is making a big deal about spending because #1-to gain political leverage and #2 to make a run at cutting SS which has been their wet dream for decades. We have actually cut spending on good investment projects and that's what is hurting the most. Time to stop worrying about debts/deficits and invest in tomorrows economy.
So our government not only doesn't have a spending problem but should spend more so that the poor can spend more as well. So spending problems are the result of not being able to spend enough. Oh and deficits are good things. Yeah seems like a pretty stupid post to me.
Your stupidity is not surprising.
The entire GOP did not back Romney's plan, and again it's a Red Herring because Romney is not president so who gives two shits about his ideas now. This is about the SOTU Obama gave last night and his ideas that would not add a single dime to deficit.
The House has passed budgets, Harry Reid hasn't brought one to vote since 2009. He does control what the Senate votes on.
What intellectual work are the Democrats doing?
LOL. This is so sad.
Article I of the Constitution disagrees with you.
Can you please provide a reputable source to explain why what he said is wrong? I would like to read it. TIA.
I was referring to the fact that spending and economic growth during the early 2000's was attributed to a housing bubble, not a real thriving economy. Housing was rising fast, people were spending equity on cars, clothes, weddings, you name it. Taking out loans to start businesses. It was a ponzi economy. Not based on spending real wages.
IDK but it's incredible. They have gone in just a few days from being apathetic about the Debt to making more debt a rallying cry. Stupidity knows no bounds on that side of the aisle. lol.
There is no plus to spending more money than you have, maybe short term gains, but that is all.
The debt can't stay at $16+ trillion forever.
Got it. I agree. Sorry, I didn't understand exactly what you were saying at first.
I know right? That stupid constitution they always bring up.
I would love to see where it says that.
Why are you looking at the federal govt and treating it like a household or a business? It is a different type of entity. On a football team do all positions have the same skill set? Or, carry out the same function? The gov't has a different role in the economy as do banks, businesses, and individuals. The gov't, along with the Fed, create money. And when they do it's a balance sheet. Every debit has a credit. And that's what currency is. A system for tracking the debits owed to one another. We have a debt based monetary system. In our system debt is money. When you go to a bank and ask for a loan, they do not have that money in a vault. It is created out of thin air and a debt note is the other side of the ledger. It's absolutely OK for gov't to have debt, but they should be showing production or ROI. That's what the debt:gdp ratio metric is used for.
You can't borrow money indefinitely without anyway to pay back what you have already borrowed. I am sorry, but government or not you just can't do it. At some point people will stop buying our debt.
Somebody either went to B-school or has done their research.
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