We need more austerity to create jobs

[theunbrainwashed]

Originally Posted by purehuman

Wall street bankers STOLE 13 TRILLION dollers from the american people.....we don't need more austerity...we need accountability.

Actually they still 1500 trillion, or $1.5 quadrillion in the form of derivatives that we're going to owe because of the rules of fractional-reserve banking

[newonecoming2]

Originally Posted by Majin

If we want to grow jobs and cut the unemployment rate we need to stop spending. Cutting entitlements, government services, and government payrolls will cause the private sector to go on a massive hiring wave. I think 4 trillion would be good, what do you guys think?



And we also need a tax cut.

Hmm we need the same amount of money spent each year to service our debts. If we cut spending then we have less money in circulation. So the percent of money spent on servicing the debts will go up. So less money will be spent on growing the economy.

We need a bigger tax base. We need full employment. How do we get this? Give everyone money to spend. How do you get it? You simply print it.

[CanalsLB]

Originally Posted by Ferd

yea. has nothing to do with the environment of uncertainty The One has created.


Nothing to do with that at all....


snort.

What uncertainty? Obama gave breaks to Jet owners (in Stimulus) then 2 years later rants about the breaks. Congress passes a banking bill then Senators Gilibran and Shumer lead other congressmen in a letter asking to not enforce certain provisions.
Don't you think that is the model of consistency?

[newhandle]

Originally Posted by Ferd

yea. has nothing to do with the environment of uncertainty The One has created.


Nothing to do with that at all....


snort.

Certainly it has to do with the uncertainity, but that is the fault of both parties and more so the tea baggers since they stand for corporate welfare. American business just doesn't know how much welfare they will get, they are holding out for more and are holding the American worker hostage.