Shady Posted July 13, 2011 Report Share Posted July 13, 2011 You really don't have a clue, do you? Government construction work is mostly done under contract. So we don't need the roads? We certainly need educated people. Look how remedial your understanding of economics is! More false choices. You think government taking other people's money to pay somebody else for a job or service is the same as a private sector job. A new private sector job is a new taxpayer, and thus, new revenue to the government. Move already existing money from one person to another through a government beauracracy doesn't create any new revenue. It's basic economics. Quote Link to comment Share on other sites More sharing options...
BubberMiley Posted July 13, 2011 Report Share Posted July 13, 2011 You don't think infrastructure creates revenue? Quote Link to comment Share on other sites More sharing options...
Shady Posted July 13, 2011 Report Share Posted July 13, 2011 You don't think infrastructure creates revenue? As a result of the private sector. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted July 13, 2011 Report Share Posted July 13, 2011 I think the threshhold proposed was at the million dollar level. So.....revenue reducing "Bush tax cuts" was for all marginal rates, not just the rich. Restore ALL previous revenue. Quote Link to comment Share on other sites More sharing options...
BubberMiley Posted July 13, 2011 Report Share Posted July 13, 2011 As a result of the private sector. So there you go. Investment that ultimately creates revenue. Real jobs creating real wealth. You learn something new every day. Quote Link to comment Share on other sites More sharing options...
pinko Posted July 13, 2011 Report Share Posted July 13, 2011 The U.S. central bank stands prepared to offer a third round of stimulus should the economy persist in its current direction. "The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support," Federal Reserve Chairman Ben Bernanke told the U.S. House of Representatives Financial Services Committee on Wednesday. Friday’s ominous job report factored into the matter, showing a stall in growth during the last two months. Policy makers stand divided, with some hopping for a thing round of quantitative easing, and others fearing inflation risks may cause the bank to withdraw stimulus sooner than expected. Bernanke also provided some positive words, citing recent weakness to temporary factors such as the impact the Japanese earthquake and tsunami had on global industry. Read it at Reuters July 13, 2011 2:27 PM The Daily Beast Quote Link to comment Share on other sites More sharing options...
Shady Posted July 13, 2011 Report Share Posted July 13, 2011 (edited) So there you go. Investment that ultimately creates revenue. Real jobs creating real wealth. You learn something new every day. Damn! We should be building like 5000 roads a day! Anyways, don't think we need tax hikes to do what you're suggesting. We already have a system in place that collects taxes and builds and repairs roads. And those are essentially temporary jobs. The context was the effect of tax hikes on the private sector. Edited July 13, 2011 by Shady Quote Link to comment Share on other sites More sharing options...
pinko Posted July 13, 2011 Report Share Posted July 13, 2011 Breaking News Alert: Moody's moves step closer to downgrading U.S. over debt-ceiling stalemate July 13, 2011 6:24:35 PM ---------------------------------------- Moody's Investors Service said it has put the Aaa credit rating of the U.S. government on review for a possible downgrade given the possibility the debt limit will not be raised before an approaching August deadline. It comes two weeks after Standard & Poor's said that any failure to make debt payments would result in a dramatic downgrade of the United States's current top-notch credit rating. http://link.email.washingtonpost.com/r/5O5UA2/QFHN4R/620AOE/PMDRXV/8THKJ/QR/h For more information, visit washingtonpost.com Quote Link to comment Share on other sites More sharing options...
BubberMiley Posted July 13, 2011 Report Share Posted July 13, 2011 Damn! We should be building like 5000 roads a day! No. There's plenty of work to go around with existing roads. But you can continue to roll your eyes while admitting you're wrong. It's sort of endearing. Quote Link to comment Share on other sites More sharing options...
punked Posted July 13, 2011 Report Share Posted July 13, 2011 Damn! We should be building like 5000 roads a day! Anyways, don't think we need tax hikes to do what you're suggesting. We already have a system in place that collects taxes and builds and repairs roads. And those are essentially temporary jobs. The context was the effect of tax hikes on the private sector. It is a balance thing Shady. You are an extremist which is why you don't get there is a thresh hold. There is a thresh hold on taxes meaning there is a point where tax revenue is maximized, there is one on public sector investment, there is one on government spending as well where you maximize the return on investment and thus grow your GDP the fastest. It is a balance thing which I guess you refuse to understand. Again I really think you should read some books on economics because while I am no expert you clearly know nothing and in fact would if in charge choose to do things that are terrible for any economy. Quote Link to comment Share on other sites More sharing options...
punked Posted July 13, 2011 Report Share Posted July 13, 2011 (edited) Breaking News Alert: Moody's moves step closer to downgrading U.S. over debt-ceiling stalemate July 13, 2011 6:24:35 PM ---------------------------------------- Moody's Investors Service said it has put the Aaa credit rating of the U.S. government on review for a possible downgrade given the possibility the debt limit will not be raised before an approaching August deadline. It comes two weeks after Standard & Poor's said that any failure to make debt payments would result in a dramatic downgrade of the United States's current top-notch credit rating. http://link.email.washingtonpost.com/r/5O5UA2/QFHN4R/620AOE/PMDRXV/8THKJ/QR/h For more information, visit washingtonpost.com The credit markets are starting to tighten. Next thing the jobs dying and economist pointing he finger at the debt ceiling. Pretty soon it will be to late. Republicans don't care though. They were elected to create jobs and less and less of jobs have been created since their win. This will put the nail in the US jobs coffin. Edited July 13, 2011 by punked Quote Link to comment Share on other sites More sharing options...
TimG Posted July 14, 2011 Report Share Posted July 14, 2011 The credit markets are starting to tighten.This was going happen no matter what because of Obama's massive spending packages and the massive new entitlement program. The Republicans are the only people trying to bring some sanity to Washington. The no tax increase mantra is a bit extreme but it does force people to focus on the real problem: too much government spending. Quote Link to comment Share on other sites More sharing options...
Shady Posted July 14, 2011 Report Share Posted July 14, 2011 Uh oh, apparently Obama became agitated during the debt ceiling meetings today and abruptly walked out of them. Poor baby. Quote Link to comment Share on other sites More sharing options...
dre Posted July 14, 2011 Report Share Posted July 14, 2011 This was going happen no matter what because of Obama's massive spending packages and the massive new entitlement program. The Republicans are the only people trying to bring some sanity to Washington. The no tax increase mantra is a bit extreme but it does force people to focus on the real problem: too much government spending. Oh please.... sanity Quote Link to comment Share on other sites More sharing options...
punked Posted July 14, 2011 Report Share Posted July 14, 2011 Uh oh, apparently Obama became agitated during the debt ceiling meetings today and abruptly walked out of them. Poor baby. Only an idiot would believe that. CNN is reporting Obama got up at the end of a scheduled meeting told everyone there they have until Friday to figure it out and said "See you tomorrow". Who do I believe CNN a news organization or Shady the liar? Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted July 14, 2011 Report Share Posted July 14, 2011 The credit markets are starting to tighten. Next thing the jobs dying and economist pointing he finger at the debt ceiling. Pretty soon it will be to late. Republicans don't care though. They were elected to create jobs and less and less of jobs have been created since their win. This will put the nail in the US jobs coffin. Republicans (or Democrats) don't create jobs. They just transfer tax revenue. Quote Link to comment Share on other sites More sharing options...
punked Posted July 14, 2011 Report Share Posted July 14, 2011 This was going happen no matter what because of Obama's massive spending packages and the massive new entitlement program. The Republicans are the only people trying to bring some sanity to Washington. The no tax increase mantra is a bit extreme but it does force people to focus on the real problem: too much government spending. The US ability to pay back its loans is actually quite good and there is not reason for a downgrade. Don't believe everything you hear Ron Paul say my friend. In fact I believe their Debt to GDP ratio is somewhere in the 60-70% range, Japans is 225 so they got a little way to go and Obama is trying to fix a broken situation. You need to turn off the Rush and actually go out and read things for yourself. BTW the Republicans also have a no cuts to Security mantra to so that "cut government"spending thing you are talking about isn't part of the Republican plan either again time to learn for yourself. Quote Link to comment Share on other sites More sharing options...
punked Posted July 14, 2011 Report Share Posted July 14, 2011 Republicans (or Democrats) don't create jobs. They just transfer tax revenue. Lending sure does help the job market. Stop making this about what it is not. Quote Link to comment Share on other sites More sharing options...
Shady Posted July 14, 2011 Report Share Posted July 14, 2011 Only an idiot would believe that. CNN is reporting Obama got up at the end of a scheduled meeting told everyone there they have until Friday to figure it out and said "See you tomorrow". Who do I believe CNN a news organization or Shady the liar? That's not what Politico says... President Obama abruptly walks out of talksPresident Barack Obama abruptly walked out of a stormy debt-limit meeting with congressional leaders Wednesday, a dramatic setback to the already shaky negotiations Politico Looks like the whiner-in-chief gettin pretty testy. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted July 14, 2011 Report Share Posted July 14, 2011 Lending sure does help the job market. Stop making this about what it is not. Then follow your own advice....this is not about jobs. Obama already blew billions on that failed effort. Quote Link to comment Share on other sites More sharing options...
Shady Posted July 14, 2011 Report Share Posted July 14, 2011 The US ability to pay back its loans is actually quite good and there is not reason for a downgrade. Don't believe everything you hear Ron Paul say my friend. In fact I believe their Debt to GDP ratio is somewhere in the 60-70% range, Japans is 225 so they got a little way to go and Obama is trying to fix a broken situation. You need to turn off the Rush and actually go out and read things for yourself. When debt to GDP reaches 100%, you've got a big, big problem. Unfortunately, Obama's got America fastracked to that figure. He's brought it from 40% of GDP to 70% in a few short years. It took decades to reach that type of accumulation in the past. Under Obama's irresponsible budget (the one voted down in the senate 97 - 0), America's debt to GDP will reach 100% by the end of this decade. Heckuva job Obamy! Of course, there will be a new President before that time. And that person will have to deal with the mess, and actually be a leader and make the tough choices in terms of reform and spending cuts. I can't wait until this jackass is out of office. Quote Link to comment Share on other sites More sharing options...
punked Posted July 14, 2011 Report Share Posted July 14, 2011 That's not what Politico says... Looks like the whiner-in-chief gettin pretty testy. From your article Shady the liar “Cantor’s account of tonight’s meeting is completely overblown. For someone who knows how to walk out of a meeting, you’d think he'd know it when he saw it,” a Democratic aide said. “Cantor rudely interrupted the president three times to advocate for short-term debt ceiling increases while the president was wrapping the meeting. This is just more juvenile behavior from him and Boehner needs to rein him in, and let the grown-ups get to work. “ So now CNN and politico say Obama left when the meeting was over. Great you lose another one. Quote Link to comment Share on other sites More sharing options...
dre Posted July 14, 2011 Report Share Posted July 14, 2011 Then follow your own advice....this is not about jobs. Obama already blew billions on that failed effort. Obama did the same thing anyone else would have done, and the same thing Bush already WAS doing. Neither of them know jack shit about macro economics they both just followed the advice most economists gave them (which is also the same advice most other countries in the world got and followed). Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted July 14, 2011 Report Share Posted July 14, 2011 Obama did the same thing anyone else would have done, and the same thing Bush already WAS doing. Neither of them know jack shit about macro economics they both just followed the advice most economists gave them (which is also the same advice most other countries in the world got and followed). Then by your own reasoning....the economists didn't know jack either. Stimulus programs stimulate government debt. Quote Link to comment Share on other sites More sharing options...
dre Posted July 14, 2011 Report Share Posted July 14, 2011 (edited) Then by your own reasoning....the economists didn't know jack either. Stimulus programs stimulate government debt. Yeah. Macro economics isnt an exact science, and its hard to say when economists are right. And in the case of stimulus you can never be sure if it worked or not because you dont know how bad things would have gotten without it. In any cases... Theres not much else a government can do. It can try to dump money into the economy to ease a recessions either with quantitative easing or targetted tax cuts, but both of those things have the same effect on debt. Or they could have done nothing... and let a shitload of financial institutions and companies just collapse... but theyre scared to do that because those institutions could take a lot of the economy with them. In any case, theres no real fiscal restraint in either the democrat or republican parties. They will keep spending easy borrowed money as long as theres a market for bonds. You could put these guys in charge of a lemonaid stand, and by the end of its first day in operation it would be a million dollars in debt. They simply arent smart enough to manage a balance sheet, and theyve been living on easy borrowed money for so long its all they know. Edited July 14, 2011 by dre Quote Link to comment Share on other sites More sharing options...
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