LITEROTICA PODCAST
LIT CAMS (200 Free Tokens)ADULT TOYSVOD MOVIES

Gibitaway,Gibitaway, Gibitaway NOW!

What would you like to see happen!

  • Just ask the President what he wants and vote yes

    Votes: 1 11.1%

  • Go off the fiscal cliff and raise our taxes "fairly"

    Votes: 3 33.3%

  • Lie about the tax increase on 98% of us

    Votes: 0 0.0%

  • Go with Rand Paul and vote Present

    Votes: 4 44.4%

  • Go off the Fiscal Cliff with a resounding NO vote

    Votes: 2 22.2%
  • Total voters
    9
4

4est_4est_Gump

Run Forrest! RUN!
Joined
Sep 19, 2011
Posts
89,007
RHCP

President Obama wants to keep the budget deficits high because he takes the Keynesian view that increased budget deficits stimulate the economy. But this view has been proven erroneous by the Roosevelt depression of 1933 to 1939, by the Japanese depression of the 1990s, and by the failures of the Bush stimulus plan of February 2008 and the Obama Recovery Act of February 2009.

Dr. Valerie Ramey, Professor of Economics at the University of California San Diego, recently calculated the amount of economic stimulus that results from increased government spending. Instead of the multiples of government spending predicted by Keynesians, she found that deficit spending only increases GDP by about one-half of the increase in spending. The late Prof. Milton Friedman, relying on his permanent income hypothesis, came to the same conclusion that increased government spending would have little or no stimulus effect upon private spending.

A study by Gabriel Calzada Alvarez and his colleagues at Madrid's King Juan Carlos University calculated that Spain lost 2.2 jobs in other industries for every government-subsidized green job that was created. The problem is that renewable energy, being more expensive, wastes government resources while raising the cost of energy to domestic households and businesses, including manufacturers.

And as we* have pointed out, budget deficits don't reduce unemployment in countries experiencing large trade deficits. That's because the stimulus leaks out as a higher trade deficit. Similarly, fiscal austerity doesn't cause much unemployment because its effects are softened by an increase in exports and a reduction in imports.

Moreover, moving U.S. budgets toward balance might actually reduce unemployment because doing so would restore investor confidence that the U.S. government will gain control over its wildly out-of-control budget. All that is needed for low unemployment and stable economic growth are reasonably balanced budgets, stable monetary growth, and balanced trade or a trade surplus.

The burden of the debt as a percentage of GDP at mid-year 2012 was already 100 percent. It amounted to about $50,000 per American citizen, or nearly $200,000 for a family of four. At today's low interest rates, the expense of servicing the debt is already great. If interest rates rise, as seems inevitable, the burden would become insupportable.

Moreover, increasing the debt is not only unsustainable, but it invites hyperinflation and economic collapse. Everyone still alive 10 years from now will feel the pain. When the crisis occurs there will be a huge hit on people who are on government programs. Baby boomers will see their fixed-income retirement plans lose their buying power.

Our huge budget deficits cannot be solved by wishing them away. If we can't bring them down to a sustainable level now, when the next elections are 2 years away, it will never happen.

If the negotiators cannot do any better than a measly $220 billion in deficit reduction, then the best option for the country would be the $502 billion in deficit reduction that would take place automatically if negotiations fail.
Click to expand...
http://www.americanthinker.com/2012...tiation_failure_could_be_the_best_option.html
* The authors maintain a blog at www.idealtaxes.com and co-authored the 2008 book, Trading Away Our Future. Dr. Howard Richman teaches economics online. Dr. Jesse Richman is Associate Professor of Political Science at Old Dominion University. Dr. Raymond Richman received his economics doctorate from the U. of Chicago

Which way would you go? Give the President his tax increases on the wealthy to go with his other tax increases that are coming thanks to health care?

Would you try to keep giving him a little so that he can continue to move the goal posts?

Will you trey and advance the myth that there will be a tax increase on 98% of Americans?

Would you like the Rand Paul option?
 
Maybe we just sell it all to the lowest bidder and be done with it.


Comanchero-nomix . . . .
 
I have no problem with them raising my taxes!


I can afford it. I just want them to raise the Obama-value voters taxes as well...

Gibem what they voted for!
 
4est_4est_Gump said:
When I want to give her an opinion, I'll put one across the kisser, drag her by the hair to the floor and fuck her silly...


Or should that be fuck her, silly?


:)
Click to expand...

She'll kick your ass . . .


and then cry all over you. :D
 
wUc679_KWkyQz8B43hWO7g2.jpg
 
By enthroning the pursuit of pleasures and avoiding the pains of rigor and risk, a citizenry paves the way for its dissolution into softened subjects of the regime. Having grown complacent while fawning sheep-like over the material largesse of centralized power, the natural inclination towards self-preservation and sufficiency is effectively bartered away for unmerited gifts. Distracted by the philanthropic regime, the vigilance and jealousy over a society's inalienable prerogatives and rights diminish unheeded as citizens increasingly become wards and property of the paternal state.

The greatest tragedy that can befall a free and proud people is to learn to fear and therein despise that freedom. The willingness to barter a national birthright for a share of spoils that can only diminish over time heralds that final prerequisite for servitude.

In the indulgent West, the character of bondage has become manifest in the "degenerate self-loathing of the open outstretched palm." A people who dilutes its virtue in a sea of cultural forgetfulness loses its identity and, in its state of aggrieved decay, pillages the legacies of its children just as it has brazenly devoured the inheritance of its fathers. These people, having drunk deeply from the Waters of Lethe, will attend with itching ears to the smooth and assured tones of tyrants.
Click to expand...
Glenn Fairman

Read more: http://www.americanthinker.com/blog/2012/12/the_prerequisite_for_servitude.html#ixzz2ESeL2sjd
 
I can't think this morning.


My mother is being a drama queen again.


She's made herself nuts and is trying to take me with her.
 
Do nations get the government they deserve?

Take, for example, this quote translated into English from an article in the Prague newspaper Prager Zeitungon:
The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their president.
Click to expand...

Read more: http://www.americanthinker.com/2012...e_governments_they_deserve.html#ixzz2ESj66ynx
 
You must log in or register to reply here.

Similar threads

R
Looking for a story about James and Jim and Kate and Mark...
Replies
2
Views
429
rthnck
rthnck
F
David McCallum, star of hit TV series 'The Man From U.N.C.L.E.' and 'NCIS,' dies at 90
Replies
10
Views
846
butters
butters
LukSkyFokker
Alcohol-Related Deaths Spiked During the Pandemic, a Study Shows
Replies
8
Views
696
PMarky
P
M
Payments on the National Debt
Replies
3
Views
211
adrina
adrina
L
Elon Admits DonOld Will Collapse The Economy.
2 3 4
Replies
79
Views
1K
Booboobear84
Booboobear84
Back
Top