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Old 02-23-2011, 06:51 PM
 
Location: On the Chesapeake
45,371 posts, read 60,546,019 times
Reputation: 60954

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Quote:
Originally Posted by ilovemycomputer90 View Post
Where'd you get that number? I agree that there needs to be serious reductions in defense spending.

made it up.

 
Old 02-23-2011, 06:57 PM
 
48,502 posts, read 96,838,702 times
Reputation: 18304
It would be so necessary if not for Obama's spending it eh last two years. Wait until the taxpayers i sate see the medicaid cost coming for the healthcare bill the democrats passed.
 
Old 02-23-2011, 09:54 PM
 
Location: Chandler, AZ
5,800 posts, read 6,566,607 times
Reputation: 3151
Followed by skyrocketing health insurance premiums caused by the droves of taxes contained within ObamaCare, followed by European/Canadian style rationing, and a sharp plunge in the number of hospitals and MDs in this country.
 
Old 02-23-2011, 11:14 PM
 
27 posts, read 24,936 times
Reputation: 40
It is amazing how misinformed most of the America public is regarding fiscal policy and the Economy. I primarily blame the Tea Party and the likes of Glenn Beck. If you shutdown the government you will cut the pay of approxmately 2 million people who spend money in the economy. It will have a huge impact.

If you have a budget crunch you both raise taxes and you cut spending. If you raise taxes it is on the Americans making over $250k. Also, if you cut spending you need to use your brain which is absent with the currrent conservative party.

So no jobs bill and a double recession due to Repblicans and Tea Party in Congress. I don't think we will see very many conservatives in Washingon starting 2012. I love all the rednecks who are refuting a report by an analyst at Goldman Sachs.
 
Old 02-23-2011, 11:20 PM
 
27 posts, read 24,936 times
Reputation: 40
Quote:
Originally Posted by Marv101 View Post
Followed by skyrocketing health insurance premiums caused by the droves of taxes contained within ObamaCare, followed by European/Canadian style rationing, and a sharp plunge in the number of hospitals and MDs in this country.
Your facts are not straight.... ObamaCare will actually lower the impact on the deficient. Health Insurance companies hate the bill but we need to think.... The current system has 50 million uninsured and health costs so high it makes it extremely expensvie to do business in the united states.

Apparently this is okay for the misinformed. For the rest of us who want a healthcare system that works and to lower healthcare costs obama's healthcare plan is great. When we add a public option the price pressure will lower healthcare costs even further.

Here is the deal... you should never support a broken system. You fix it. The process of fixing it will hurt insurance company profits but it is a broken system.

Sorry for double post.
 
Old 02-23-2011, 11:30 PM
 
1,811 posts, read 1,209,772 times
Reputation: 503
Quote:
Originally Posted by Finn_Jarber View Post
Spending cuts place drag on economy - Goldman Sachs - Feb. 23, 2011

In a research note, economists at the Wall Street bank estimate that the House GOP's spending bill -- which would cut $61 billion between March and Sept. 30 -- could reduce economic growth by 1.5 percentage points to 2 percentage points in the second and third quarters.
AND the check is in the mail, too.
 
Old 02-24-2011, 04:48 AM
 
Location: Southeast
4,301 posts, read 7,032,932 times
Reputation: 1464
Deficits and debt are also a major drag on the economy. Especially when your deficit as a percent of GDP exceeds 10% and debt exceeds 100%. The former will happen this year, the latter has already occurred.

Oh, and we could eliminate the military budget completely and still have an $800 billion deficit for FY 2012.
 
Old 02-24-2011, 04:51 AM
 
45,230 posts, read 26,431,296 times
Reputation: 24979
Quote:
Originally Posted by HelloThere2000 View Post
It is amazing how misinformed most of the America public is regarding fiscal policy and the Economy. I primarily blame the Tea Party and the likes of Glenn Beck. If you shutdown the government you will cut the pay of approxmately 2 million people who spend money in the economy. It will have a huge impact.

If you have a budget crunch you both raise taxes and you cut spending. If you raise taxes it is on the Americans making over $250k. Also, if you cut spending you need to use your brain which is absent with the currrent conservative party.

So no jobs bill and a double recession due to Repblicans and Tea Party in Congress. I don't think we will see very many conservatives in Washingon starting 2012. I love all the rednecks who are refuting a report by an analyst at Goldman Sachs.
You are so well versed in economics you think the government creates jobs through legislation
 
Old 02-24-2011, 04:59 AM
 
Location: Unperson Everyman Land
38,643 posts, read 26,371,773 times
Reputation: 12648
Quote:
Originally Posted by Finn_Jarber View Post
Whatever makes you happy. The article doesn't say cuts are a bad idea, it just says that they will hit the economy hard.

So will deficits.
 
Old 02-24-2011, 05:14 AM
 
4,696 posts, read 5,821,156 times
Reputation: 4295
Anyone who thinks spending cuts are bad is in total denial of the debt crisis this county is facing. Things are much more dire and grim than most people realize.
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