Author Topic: Attack of the Adults  (Read 9772 times)

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Offline Jeffy

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Attack of the Adults
« on: August 04, 2010, 12:12:49 PM »
Can't really disagree with any of this.

http://article.nationalreview.com/438952/attack-of-the-adults/rich-lowry?page=1



If you could boil down the public’s lament about Washington, it might be: “What happened to the adults?”

Not adults of the Clark Clifford variety, the Washington fixtures who alternate between serving administrations and commenting on them sagely for PBS. But political leaders who make tough choices, take on problems directly, and combine principle with pragmatism in a manner consistent with true statesmanship.

President Obama promised to be this kind of leader. He has instead proven — with a few exceptions — to be the servant of a limited political faction. He has exacerbated the nation’s fiscal crisis without dealing effectively with its economic crisis, and has piled on far-reaching legislation of dubious merit. His supporters still lament that Washington is “broken.”

The sweep of Obama’s ambition has necessarily forced congressional Republicans into a perpetual posture of “no,” but they are reluctant to outline their own agenda of “yes.” Out across the United States, a populist movement of great moment and promise wants to pull the country back to its constitutional moorings. Its favored candidates, though, are often shaky vessels, the likes of Rand Paul in Kentucky and Sharron Angle in Nevada, who are always one gaffe away from self-immolation.

For adults, look to the statehouses. Look in particular to New Jersey and Indiana, where Govs. Chris Christie and Mitch Daniels are forging a limited-government Republicanism that connects with people and solves problems. They are models of how to take inchoate dissatisfaction with the status quo, launder it through political talent, and apply it in a practical way to governance.

Christie has just concluded a six-month whirlwind through Trenton that should be studied by political scientists for years to come. In tackling a fiscal crisis in a state groaning under an $11 billion deficit, he did his fellow New Jerseyans the favor of being as forthright as a punch in the mouth. And it worked.

Christie traveled the state making the case for budgetary retrenchment, and he frontally took on the state’s most powerful interest, the teachers' union. He rallied the public and split the Democrats, in a bravura performance in the lost art of persuasion. At the national level, George W. Bush thought repeating the same stalwart lines over and over again counted as making an argument, and Barack Obama has simply muscled through his agenda on inflated Democratic majorities. Christie actually connected.

He matched unyielding principle (determined to balance the budget without raising taxes, he vetoed a millionaires’ tax within minutes of its passage) with a willingness to take half a loaf (he wanted a constitutional amendment to limit property taxes to 2.5 percent, but settled with Democrats for an imperfect statutory limit). He’ll need an Act II to get deeper, institutional reforms, but New Jersey is now separating itself from those other notorious wastrels, California and Illinois. 

When it comes to demeanor, Mitch Daniels is to Chris Christie what Miss Indiana is to Snooki. In his quieter way — and in less dire circumstances — the skinflint second-term governor has slimmed down and improved his state’s public sector. He inherited a $200 million deficit in 2004, which he turned into a $1.3 billion surplus — just in time for it to act as a cushion during the recession. He has reformed government services and rallied his administration around one simple, common-sense goal: “We will do everything we can to raise the net disposable income of individual Hoosiers.”

Both Christie and Daniels are happy (or, in the case of the latter, pleasant) warriors. They both are distinctive politicians, not what a political consultant would cook up in his laboratory (Christie has too much girth and Daniels too little hair). They both feel the weight of responsibility as the chief executives of their states in a way that hyperbolic congressmen and commentators don’t. They prove that Republicans can govern, that budgets can be tamed, and that politics can work, so long as serious men and women put their shoulders to the wheel.

In short, they are adults. Their like can’t gain control of Washington soon enough.


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Offline Kat Kid

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Re: Attack of the Adults
« Reply #1 on: August 04, 2010, 12:23:24 PM »
Paul Ryan seems at least some what serious about cutting entitlements/military spending.  So you can always hope that he could make up for all the idiots calling for tax cuts without any reductions in spending.  For the record, Obama cut Medicare.  If Republicans take the house and play ball, then this could end up pretty well.  If they act like idiots and refuse to make any cuts in spending and fillibuster anything that ends the Bush tax cuts, it will be a disaster.

Offline sonofdaxjones

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Re: Attack of the Adults
« Reply #2 on: August 04, 2010, 02:40:02 PM »
If the administration and the democratically controlled Congress roll the other way, and listen to Krugman, another $1 trillion dollar stimulus bill is just around the corner . . . might as well chuck it in and call it a day if that happens.



Offline 06wildcat

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Re: Attack of the Adults
« Reply #3 on: August 04, 2010, 06:56:45 PM »
If the administration and the democratically controlled Congress roll the other way, and listen to Krugman, another $1 trillion dollar stimulus bill is just around the corner . . . might as well chuck it in and call it a day if that happens.




Ireland's austerity measures are working out swell. Perhaps you should move there.

Offline skycat

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Re: Attack of the Adults
« Reply #4 on: August 04, 2010, 08:42:43 PM »
If the administration and the democratically controlled Congress roll the other way, and listen to Krugman, another $1 trillion dollar stimulus bill is just around the corner . . . might as well chuck it in and call it a day if that happens.




The evidence points toward Krugman (and many other economists) being right on the country needing another stimulus, but it won't happen, because the public thinks the first stimulus didn't work. It saved us from The Great Depression II, but it could have been so much better had it been twice the size. Just another case of Democrats' timidity (and the filibuster) biting them in the butt.

Offline Jeffy

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Re: Attack of the Adults
« Reply #5 on: August 04, 2010, 10:56:12 PM »
If the administration and the democratically controlled Congress roll the other way, and listen to Krugman, another $1 trillion dollar stimulus bill is just around the corner . . . might as well chuck it in and call it a day if that happens.




The evidence points toward Krugman (and many other economists) being right on the country needing another stimulus, but it won't happen, because the public thinks the first stimulus didn't work. It saved us from The Great Depression II, but it could have been so much better had it been twice the size. Just another case of Democrats' timidity (and the filibuster) biting them in the butt.

No.  In the same fashion that WWII brought us out of the Great Depression, the military and the influx of military spending prevented complete collapse. 

And there was no call for additional stimulus until it was shown that it had limited or exaggerated success.

Krugman has been proven on several occasions to be so clueless about real world economics, it's not even funny.

Offline skycat

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Re: Attack of the Adults
« Reply #6 on: August 05, 2010, 12:28:37 AM »
If the administration and the democratically controlled Congress roll the other way, and listen to Krugman, another $1 trillion dollar stimulus bill is just around the corner . . . might as well chuck it in and call it a day if that happens.




The evidence points toward Krugman (and many other economists) being right on the country needing another stimulus, but it won't happen, because the public thinks the first stimulus didn't work. It saved us from The Great Depression II, but it could have been so much better had it been twice the size. Just another case of Democrats' timidity (and the filibuster) biting them in the butt.

No.  In the same fashion that WWII brought us out of the Great Depression, the military and the influx of military spending prevented complete collapse. 

And there was no call for additional stimulus until it was shown that it had limited or exaggerated success.

Krugman has been proven on several occasions to be so clueless about real world economics, it's not even funny.

The stimulus, bailouts and other measures prevented a second depression.

Quote from: http://www.nytimes.com/2010/07/28/business/economy/28bailout.html
In Study, 2 Economists Say Intervention Helped Avert a 2nd Depression
By SEWELL CHAN

WASHINGTON — Like a mantra, officials from both the Bush and Obama administrations have trumpeted how the government’s sweeping interventions to prop up the economy since 2008 helped avert a second Depression.

Now, two leading economists wielding complex quantitative models say that assertion can be empirically proved.

In a new paper, the economists argue that without the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal Reserve, and the Obama administration’s fiscal stimulus program, the nation’s gross domestic product would be about 6.5 percent lower this year.

In addition, there would be about 8.5 million fewer jobs, on top of the more than 8 million already lost; and the economy would be experiencing deflation, instead of low inflation.

The paper, by Alan S. Blinder, a Princeton professor and former vice chairman of the Fed, and Mark Zandi, chief economist at Moody’s Analytics, represents a first stab at comprehensively estimating the effects of the economic policy responses of the last few years.

Offline Jeffy

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Re: Attack of the Adults
« Reply #7 on: August 05, 2010, 08:15:02 AM »
If the administration and the democratically controlled Congress roll the other way, and listen to Krugman, another $1 trillion dollar stimulus bill is just around the corner . . . might as well chuck it in and call it a day if that happens.




The evidence points toward Krugman (and many other economists) being right on the country needing another stimulus, but it won't happen, because the public thinks the first stimulus didn't work. It saved us from The Great Depression II, but it could have been so much better had it been twice the size. Just another case of Democrats' timidity (and the filibuster) biting them in the butt.

No.  In the same fashion that WWII brought us out of the Great Depression, the military and the influx of military spending prevented complete collapse. 

And there was no call for additional stimulus until it was shown that it had limited or exaggerated success.

Krugman has been proven on several occasions to be so clueless about real world economics, it's not even funny.

The stimulus, bailouts and other measures prevented a second depression.

Quote from: http://www.nytimes.com/2010/07/28/business/economy/28bailout.html
In Study, 2 Economists Say Intervention Helped Avert a 2nd Depression
By SEWELL CHAN

WASHINGTON — Like a mantra, officials from both the Bush and Obama administrations have trumpeted how the government’s sweeping interventions to prop up the economy since 2008 helped avert a second Depression.

Now, two leading economists wielding complex quantitative models say that assertion can be empirically proved.

In a new paper, the economists argue that without the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal Reserve, and the Obama administration’s fiscal stimulus program, the nation’s gross domestic product would be about 6.5 percent lower this year.

In addition, there would be about 8.5 million fewer jobs, on top of the more than 8 million already lost; and the economy would be experiencing deflation, instead of low inflation.

The paper, by Alan S. Blinder, a Princeton professor and former vice chairman of the Fed, and Mark Zandi, chief economist at Moody’s Analytics, represents a first stab at comprehensively estimating the effects of the economic policy responses of the last few years.

Delayed, maybe.... Hardly prevented. 

Offline sonofdaxjones

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Re: Attack of the Adults
« Reply #8 on: August 05, 2010, 08:30:16 AM »
If we do another money printing $1 trillion dollar stimulus that will push the debt out to what??   $15 trillion . . . at that point the National Debt will easily surpass annual GDP.  The only hope for keeping interest rates low at that juncture is if the banksters keep blowing up European economies and the Dollar is still considered a "safe haven".   

Krugman is also one of the guys who advocated over heating the housing market to get us out of the 2001 recession.   That worked out well.






Offline skycat

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Re: Attack of the Adults
« Reply #9 on: August 05, 2010, 12:10:46 PM »
What is conservatives' obsession with Krugman? He's just one of many economists across the ideological spectrum who say the stimulus has worked:

http://www.whitehouse.gov/assets/documents/CEA_ARRA_Report_Final.pdf
http://blogs.ajc.com/jay-bookman-blog/2010/05/26/cbo-says-stimulus-a-bigger-success-than-expected/?cxntfid=blogs_jay_bookman_blog
http://www.usatoday.com/money/economy/2010-01-25-usa-today-economic-survey-obama-stimulus_N.htm
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7iQTrYFwTtY
http://www.nytimes.com/2009/08/07/business/economy/07stimulus.html?_r=3
http://www.ilo.org/global/About_the_ILO/Media_and_public_information/Press_releases/lang--en/WCMS_118380/index.htm
http://www.tnr.com/blog/jonathan-chait/aei-says-stimulus-boosted-economy-4

Even the the American Enterprise Institute grudgingly admitted the stimulus worked. It's just basic economics: Spending, whether public or private, boosts the economy. People weren't spending, so the government had to step in. We need more of that right now, not less.

As for inflation, it's less of a concern than deflation right now.

Offline Jeffy

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Re: Attack of the Adults
« Reply #10 on: August 05, 2010, 12:13:14 PM »
What is conservatives' obsession with Krugman? He's just one of many economists across the ideological spectrum who say the stimulus has worked:

http://www.whitehouse.gov/assets/documents/CEA_ARRA_Report_Final.pdf
http://blogs.ajc.com/jay-bookman-blog/2010/05/26/cbo-says-stimulus-a-bigger-success-than-expected/?cxntfid=blogs_jay_bookman_blog
http://www.usatoday.com/money/economy/2010-01-25-usa-today-economic-survey-obama-stimulus_N.htm
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7iQTrYFwTtY
http://www.nytimes.com/2009/08/07/business/economy/07stimulus.html?_r=3
http://www.ilo.org/global/About_the_ILO/Media_and_public_information/Press_releases/lang--en/WCMS_118380/index.htm
http://www.tnr.com/blog/jonathan-chait/aei-says-stimulus-boosted-economy-4

Even the the American Enterprise Institute grudgingly admitted the stimulus worked. It's just basic economics: Spending, whether public or private, boosts the economy. People weren't spending, so the government had to step in. We need more of that right now, not less.

As for inflation, it's less of a concern than deflation right now.

So why don't we just keep printing more and more money and completely do away with budgeting?

Offline 06wildcat

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Re: Attack of the Adults
« Reply #11 on: August 05, 2010, 01:15:32 PM »
What is conservatives' obsession with Krugman? He's just one of many economists across the ideological spectrum who say the stimulus has worked:

http://www.whitehouse.gov/assets/documents/CEA_ARRA_Report_Final.pdf
http://blogs.ajc.com/jay-bookman-blog/2010/05/26/cbo-says-stimulus-a-bigger-success-than-expected/?cxntfid=blogs_jay_bookman_blog
http://www.usatoday.com/money/economy/2010-01-25-usa-today-economic-survey-obama-stimulus_N.htm
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7iQTrYFwTtY
http://www.nytimes.com/2009/08/07/business/economy/07stimulus.html?_r=3
http://www.ilo.org/global/About_the_ILO/Media_and_public_information/Press_releases/lang--en/WCMS_118380/index.htm
http://www.tnr.com/blog/jonathan-chait/aei-says-stimulus-boosted-economy-4

Even the the American Enterprise Institute grudgingly admitted the stimulus worked. It's just basic economics: Spending, whether public or private, boosts the economy. People weren't spending, so the government had to step in. We need more of that right now, not less.

As for inflation, it's less of a concern than deflation right now.

So why don't we just keep printing more and more money and completely do away with budgeting?

That's actually preferable to deflation. There are several ways to reign in inflation since it's institutionally driven. Not much can be done about deflation, which is mostly driven by consumer sentiment that becomes a self-fulfilling prophecy. BTW, pretty sure we were supposed to be experiencing hyper inflation now anyways right?

Offline Jeffy

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Re: Attack of the Adults
« Reply #12 on: August 05, 2010, 02:29:59 PM »
What is conservatives' obsession with Krugman? He's just one of many economists across the ideological spectrum who say the stimulus has worked:

http://www.whitehouse.gov/assets/documents/CEA_ARRA_Report_Final.pdf
http://blogs.ajc.com/jay-bookman-blog/2010/05/26/cbo-says-stimulus-a-bigger-success-than-expected/?cxntfid=blogs_jay_bookman_blog
http://www.usatoday.com/money/economy/2010-01-25-usa-today-economic-survey-obama-stimulus_N.htm
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7iQTrYFwTtY
http://www.nytimes.com/2009/08/07/business/economy/07stimulus.html?_r=3
http://www.ilo.org/global/About_the_ILO/Media_and_public_information/Press_releases/lang--en/WCMS_118380/index.htm
http://www.tnr.com/blog/jonathan-chait/aei-says-stimulus-boosted-economy-4

Even the the American Enterprise Institute grudgingly admitted the stimulus worked. It's just basic economics: Spending, whether public or private, boosts the economy. People weren't spending, so the government had to step in. We need more of that right now, not less.

As for inflation, it's less of a concern than deflation right now.

So why don't we just keep printing more and more money and completely do away with budgeting?

That's actually preferable to deflation. There are several ways to reign in inflation since it's institutionally driven. Not much can be done about deflation, which is mostly driven by consumer sentiment that becomes a self-fulfilling prophecy. BTW, pretty sure we were supposed to be experiencing hyper inflation now anyways right?

Nah... hyperinflation prefers to follow deflation.

Offline 06wildcat

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Re: Attack of the Adults
« Reply #13 on: August 05, 2010, 02:42:40 PM »
What is conservatives' obsession with Krugman? He's just one of many economists across the ideological spectrum who say the stimulus has worked:

http://www.whitehouse.gov/assets/documents/CEA_ARRA_Report_Final.pdf
http://blogs.ajc.com/jay-bookman-blog/2010/05/26/cbo-says-stimulus-a-bigger-success-than-expected/?cxntfid=blogs_jay_bookman_blog
http://www.usatoday.com/money/economy/2010-01-25-usa-today-economic-survey-obama-stimulus_N.htm
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7iQTrYFwTtY
http://www.nytimes.com/2009/08/07/business/economy/07stimulus.html?_r=3
http://www.ilo.org/global/About_the_ILO/Media_and_public_information/Press_releases/lang--en/WCMS_118380/index.htm
http://www.tnr.com/blog/jonathan-chait/aei-says-stimulus-boosted-economy-4

Even the the American Enterprise Institute grudgingly admitted the stimulus worked. It's just basic economics: Spending, whether public or private, boosts the economy. People weren't spending, so the government had to step in. We need more of that right now, not less.

As for inflation, it's less of a concern than deflation right now.

So why don't we just keep printing more and more money and completely do away with budgeting?

That's actually preferable to deflation. There are several ways to reign in inflation since it's institutionally driven. Not much can be done about deflation, which is mostly driven by consumer sentiment that becomes a self-fulfilling prophecy. BTW, pretty sure we were supposed to be experiencing hyper inflation now anyways right?

Nah... hyperinflation prefers to follow deflation.

In some instances, that's true. The U.S. is not one of those instances. We're more like Japan and less Weimar Republic for a whole host of reasons though.

Offline sonofdaxjones

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Re: Attack of the Adults
« Reply #14 on: August 05, 2010, 06:40:37 PM »
Here's a tough one . . . what is the FY 2011 Federal Budget again??


Offline Kat Kid

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Re: Attack of the Adults
« Reply #15 on: October 21, 2010, 11:39:55 AM »


Mandatory means entitlements.

What would you cut?

The 17% could be complete waste and you would not cut in to half of the deficit from last year.  How can you possibly cut revenue in such a scenario?

What is the plan?  Everyone.  What is your plan?

Offline michigancat

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Re: Attack of the Adults
« Reply #16 on: October 21, 2010, 11:52:51 AM »


Mandatory means entitlements.

What would you cut?

The 17% could be complete waste and you would not cut in to half of the deficit from last year.  How can you possibly cut revenue in such a scenario?

What is the plan?  Everyone.  What is your plan?

1.  Lower taxes
2.  Create jobs
3.  Profit

Offline Kat Kid

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Re: Attack of the Adults
« Reply #17 on: March 03, 2011, 11:29:18 AM »
http://online.wsj.com/article/SB10001424052748704728004576176741120691736.html

Quote

More than 60% of poll respondents supported reducing Social Security and Medicare payments to wealthier Americans. And more than half favored bumping the retirement age to 69 by 2075. The age to receive full benefits is 66 now and is scheduled to rise to 67 in 2027.

..............

Tea party supporters, by a nearly 2-to-1 margin, declared significant cuts to Social Security "unacceptable."




Well, the tea party has answered.  1) cut taxes 2) don't significantly touch their social security.

What is this movement about again?

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Re: Attack of the Adults
« Reply #18 on: March 03, 2011, 12:47:39 PM »
Great article.

Replies in this thread = :flush:


Obama's "waterloo" was fiscal responsibility, not health care, the wars or anything else.  He's done nothing to address it, he hides from it, he has no spine no ability to lead this country.  Every overbloated European social wasteland has committed to some form of austerity.  Rather than prevent this scenario from occurring by taking responsible measures now, hopefully averting the same disastrous effects down the road, we seem content to continue steering the train down the identical euro tracks.  With real world examples and consequences staring the US in the face the democrats are worried about the adverse effects of cutting $60B from the budget and the .1-.2% effect on GDP.  These people are so rough ridin' clueless, it's frightening.

We live in a leaderless country, ran by an adolescent senator.  Populism can be a good thing, more often it's downright awful.
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Offline michigancat

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Re: Attack of the Adults
« Reply #19 on: March 03, 2011, 01:00:06 PM »
Great article.

Replies in this thread = :flush:


Obama's "waterloo" was fiscal responsibility, not health care, the wars or anything else.  He's done nothing to address it, he hides from it, he has no spine no ability to lead this country.  Every overbloated European social wasteland has committed to some form of austerity.  Rather than prevent this scenario from occurring by taking responsible measures now, hopefully averting the same disastrous effects down the road, we seem content to continue steering the train down the identical euro tracks.  With real world examples and consequences staring the US in the face the democrats are worried about the adverse effects of cutting $60B from the budget and the .1-.2% effect on GDP.  These people are so rough ridin' clueless, it's frightening.

We live in a leaderless country, ran by an adolescent senator.  Populism can be a good thing, more often it's downright awful.

no one in Washington is serious about austerity.

Offline skycat

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Re: Attack of the Adults
« Reply #20 on: March 03, 2011, 06:09:01 PM »
Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

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Re: Attack of the Adults
« Reply #21 on: March 03, 2011, 06:19:18 PM »
Great article.

Replies in this thread = :flush:


Obama's "waterloo" was fiscal responsibility, not health care, the wars or anything else.  He's done nothing to address it, he hides from it, he has no spine no ability to lead this country.  Every overbloated European social wasteland has committed to some form of austerity.  Rather than prevent this scenario from occurring by taking responsible measures now, hopefully averting the same disastrous effects down the road, we seem content to continue steering the train down the identical euro tracks.  With real world examples and consequences staring the US in the face the democrats are worried about the adverse effects of cutting $60B from the budget and the .1-.2% effect on GDP.  These people are so rough ridin' clueless, it's frightening.

We live in a leaderless country, ran by an adolescent senator.  Populism can be a good thing, more often it's downright awful.

no one in Washington is serious about austerity.

Ron Paul is lolling at that.  Then again, he's the "crazy" one.  Paul Ryan wasted a bunch of time putting a plan together to solve it.  The "president's"  bowles-simpson commission outlined a plan to remedy the situation.  Those "teabaggers" elected about 100 representatives to take care of it (obviously not enough).

 :dunno:

WTF more can these people do short of a coup???   It's written in giant rough ridin' block letters in Europe:  "DO NOT DO THIS, IT IS BAD, THE OUTCOME IS NOT GOOD" and our sensationalized, naive, dolt president is saying, "we need to do this".  His economic allies are rough ridin' Paul Krugman and Paul Volker!!!  The biggest mental midgets in modern day economics.  How can this get any worse???  We might as well have Charlie Manson teaching Sunday School.  It can't get any more ridiculous.  The definition of insanity is doing the same thing over and over again expecting a different result, and we have Paul Krugman and Paul Volker in our "president's" ear.   This is insanity

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Re: Attack of the Adults
« Reply #22 on: March 03, 2011, 06:22:37 PM »
Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.
« Last Edit: March 03, 2011, 06:57:13 PM by Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) »
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Offline skycat

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Re: Attack of the Adults
« Reply #23 on: March 03, 2011, 07:31:38 PM »
Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.


OK, Professor Economics. What I said aligns with today's mainstream economic thinking, not some fringe, utopian Austrian/Chicago school.

Offline Dirty Sanchez

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Re: Attack of the Adults
« Reply #24 on: March 03, 2011, 09:46:27 PM »
Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.


OK, Professor Economics. What I said aligns with today's mainstream economic thinking, not some fringe, utopian Austrian/Chicago school.

"Mainstream" economic thinking got us into this mess.

/end thread