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Location: Cleveland bound with MPLS in the rear-view
5,509 posts, read 11,884,604 times
Reputation: 2501
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Quote:
Originally Posted by CaptainNJ
well, it depends on how much value you believe you get from increased federal government spending. dont forget, every state has their own governments and many of them already have departments that are the same at the federal level. so do you really need a $50 billion federal department for something that already exists in every state? i dont think so.
federal work is just a make-work sector to waste money in order to produce unnecessary jobs. so in my opinion, spending is the issue. no need to collect revenue when id rather americans spend their own earnings as they choose rather than federal government spending our money the way some corrupt politicians think it should be spent (to enrich themselves and to focus on their priorities and the priorities of a small group of people).
I guess I'd rather see open-book budgets in general -- show the good and the bad and let the public decide what to do. I don't ever know what gets spent on what, and I think the govt. prefers it that way. I mean, who LIKES to be scrutinized. But at least if it's open-book, you have nothing to hide and everyone benefits (I mean, right?).
Agree 100%! It all started, IMO, with the housing bubble/bust when the Bush Admin. lowered int. rates and pushed housing as a place to invest money. I kept saying what you just said: all we are doing is prolonging the inevitable, which is a big recession or depression. Let's just take the big hit and recover already instead of dragging it along soft, but SLOW!
The problem is, I don't know how BAD things could have been if we just let the economy crash fast and hard. I'm not sure society could handle the impact, which is why I think the govt. did what it did.
Quote:
Originally Posted by jimhcom
Actually it started with the first Bush when the first cycle of lowering interest rates and artificially raising property values.
Just to clarify, the Bush administration, or any administration, does not control interest rates.
the bush tax cuts were good except for the fact that they resulted in increased revenue to the federal government. taxes need to be cut and revenue to the federal government needs to go down.
Just to clarify, the Bush administration, or any administration, does not control interest rates.
Not directly, the Fed does that, but the Fed does follow monetary policy which is dictated by the people who appoint the members of the Fed.
Both the Fed and the White House serve the same masters.
And those masters are not the people.
Not directly, the Fed does that, but the Fed does follow monetary policy which is dictated by the people who appoint the members of the Fed.
Both the Fed and the White House serve the same masters.
And those masters are not the people.
You do realize that the people who are appointed to the Fed's board of governors are appointed for 14-year terms? Only Ben Bernanke and Elizabeth Duke are the only ones who was appointed by President Bush (and confirmed by the Senate). Three of the other ones were appointed by Obama. Two seats are currently vacant.
You do realize that the people who are appointed to the Fed's board of governors are appointed for 14-year terms? Only Ben Bernanke and Elizabeth Duke are the only ones who was appointed by President Bush (and confirmed by the Senate). Three of the other ones were appointed by Obama. Two seats are currently vacant.
Do you realize the Fed is the tool of Wall St, and the banking establishment?
When Goldman snaps there fingers, the Fed heals like a well-trained dog.
Independent Fed my ass.
Only the most simple minded, completely naive person in the world would believe that one.
Location: Cleveland bound with MPLS in the rear-view
5,509 posts, read 11,884,604 times
Reputation: 2501
Quote:
Originally Posted by jimhcom
Do you realize the Fed is the tool of Wall St, and the banking establishment?
When Goldman snaps there fingers, the Fed heals like a well-trained dog.
Independent Fed my ass.
Only the most simple minded, completely naive person in the world would believe that one.
Haha, agreed!
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