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perhaps to you it is ninth grade math, but to those of us that grew up in the 60s and 70s it is no higher than 5th grade math.
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Originally Posted by pghquest
It absolutely makes no sense. If you take more money from peoples pocket through higher taxes, why are they going to spend more?
not to mention that higher taxes lead t higher prices, which means even LESS spending.
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Originally Posted by zoomba
Except for the idiotic call for yet more taxes, you're mostly correct. WE DO NOT NEED NOR WILL WE BENEFIT FROM RAISING TAXES. It's a call from people who know NOTHING ABOUT ECONOMICS.
Just what does someone from southern california know about the values of traditional conservative americans? Shouldn't you just stick indoctrinating us all with liberal/leftist values?
And what does someone from Arkansas know about anything??? What does location have anything to do with what someone knows? It speaks more about you, personally, than where you (or I) live making utterly useless comments like that.
Entitlement reform needs to happen, enough with these cuts that just ignore the long term issue. Unfortunately it can't happen because whichever party proposes the cuts will be vilified by the other.
Anyone who thinks that Congress can pass a law prohibitng companies from shipping jobs overseas obviously flunked HS history; that's impossible.
Since tons of American companies make substantially more profits overseas because our government has demolished ours (start with GM, whose domestic profits have been decidely inferior to those of foreign automakers for decades, it makes perfect sense for them to expand overseas as long as all of the job-killing obstacles in this country including trial lawyers & unions continue to run wild with no restraint whatsoever,
As long as the buffoons in DC continue to strangle our economy with regulations, meddle in the economy, and produce disastrous results including the housing crash, which led to the international financial collapse of 2008, cutting spending makes great sense; I'd rather have businessmen and entrepreneurs spend money in beneficial ways for our economy than the incompetent Democrats and Mr. Community Organizer.
Throw in boneheaded and pointless laws such as ObamaCare & the Dodd-Frank fiasco, and things won't be getting better anytime soon.
The housing market meltdown for which most of the blame belongs to the Democrats (thanks Barney) can only be fixed in one way, and that would ensure Obama winding up on the wrong end of the biggest blowout in Presidential election history.
Hard right is out for anything that would make the current administration look bad. Even if it contridicts with their values, goals, what's-good-for-the-country, etc.
What the current economic situation points to is that the initial stimulus package which was fought by the Republican Partry because of its size was in fact NOT BIG enough. Right now an extra $500 to $750 million dollars in stimulus money would sure help the economy.
Last edited by JazzyTallGuy; 08-10-2011 at 06:05 AM..
What the current economic situation points to is that the initial stimulus package which was fought by the Republican Partry because of its size was in fact NOT BIG enough. Right now an extra $500 to $750 million dollars in stimulus money right now would sure help the economy.
you really want to give more taxpayer money to the same people who are doing this? these people are CLEARLY NOT LOOKING OUT FOR US.
the stimulus was WASTED MONEY, yet some people want MORE debt piled on and MORE interest piled onto an already struggling economy.
i can't help but wonder if those people secretly don't want our economy to collapse......
The bailout and the stimulus package are two distinct things.
Not all of the stimulus was wasted money. Money that went to repair or build roads and bridges or money that could go to repair or update schools is NOT wasted money.
How insane it is to sit back and do nothing and watch the economy slide back into a recession?
Hard right conservatives, do you think it's really a good idea to cut 2.5 trillion out of the economy? Or do you think its not good enough, that we should cut even more, and that will help the economy?
Which will have the bigger impact on the economy: the government spending 2.5 trillion or the American people spending 2.5 trillion? I'm betting on the American people. Leave that money in the hands of the people and let them spend it as they see fit. And watch the economy take off.
What makes you believe you can continue to spend $1.5 TRILLION or more each year that you don't have indefinitely?
Pray tell, who on this Earth is going to continue to fund your reckless child-like candy-store spending spree?
Your unfunded liabilities are $108 TRILLION through 2050. You don't have the money, where will you get it?
Your unfunded liabilities at the municipal/State level are $94 TRILLION through 2050. Where will you get that?
Nobody is suggesting that fiscal deficits continue on a long term basis. What is being suggest is that NOW is not the best time to cut government spending when business investment and consumer spending the other two legs of the economy are not expanding the economy.
The liabilities you mention are unfunded FUTURE liabilities. If anything they point to the fact that cutting government spending by itself won't solve the governments fiscal problems. Tax increases are going to be necessary.
The bailout and the stimulus package are two distinct things.
Not all of the stimulus was wasted money. Money that went to repair or build roads and bridges or money that could go to repair or update schools is NOT wasted money.
How insane it is to sit back and do nothing and watch the economy slide back into a recession?
they may be 2 different things, but they were both wasted money. the politicians even lied about how the money was going to be spent!
conservatives want to do something. i have posted several times with a lot of suggestions that would be productive for our economy, as have other posters, but ideas that might actually help are ignored.
the economy IS still in a recession, regardless of what the media trumpets.
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