What happened to all of the doom and gloom economic threads?

[mercury14]

Trying to understand where that post is coming from. So Reaganite Fiscal policy was wrong and he had the balls to admit he was wrong - fiscal stimulus is where it's at.

According to you the US treasury 'printed money' - so they've had some fiscal stimulus.

Was there a point to the post?

A point to what post? Yours or mine?

 

[Exquisition]

Trying to understand where that post is coming from. So Reaganite Fiscal policy was wrong and he had the balls to admit he was wrong - fiscal stimulus is where it's at.

According to you the US treasury 'printed money' - so they've had some fiscal stimulus.

Was there a point to the post?

Irezumi's post.

 

[mercury14]

Irezumi's post.

He'll correct me if I'm wrong but I believe the point was that even the creators of supply-side economics are giving up on it, and that it's remaining proponents are intellectual isolationists detached from reality.

 

[Busybody]

And you just ruined the whole weekend for AJ. I hope you're happy.

by AJ

I assume you mean me and our side as well....am I right?

If yes, Tell me why it was ruined

Its OK,

I'll wait

 

[Busybody]

He'll correct me if I'm wrong but I believe the point was that even the creators of supply-side economics are giving up on it, and that it's remaining proponents are intellectual isolationists detached from reality.

who is giving up

why are PROPONENTS detached from reality?

 

[RobDownSouth]

He'll correct me if I'm wrong but I believe the point was that even the creators of supply-side economics are giving up on it, and that it's remaining proponents are intellectual isolationists detached from reality.

All but the most virulent "bitter enders" discarded "supply-side economics" as a viable economic theory quite a while ago.

Recessions have a way of injecting cold hard reality into their fantasy cocoons.

 

[Busybody]

who is giving up

why are PROPONENTS detached from reality?

Hey yo, CURRY

 

[Busybody]

by AJ

I assume you mean me and our side as well....am I right?

If yes, Tell me why it was ruined

Its OK,

I'll wait

Hey yo, CURRY, part II

 

[Busybody]

NIG STIM

Obamaland: Number Of Americans On Food Stamps Jumps By Over 600K In September To New All-Time High…


Or as Obama sees it, over 600K new Dem voters.

Via USDA (December 7, 2012):
http://weaselzippers.us/wp-content/uploads/Screen-shot-2012-12-09-at-10.33.51-AM-550x231.png

 

[Busybody]

CBO: Feds Borrowing $4.8 Billion Per Day In FY 2013…


Don’t worry, according to Obama and the rest of the brain dead Dems we do not have a spending problem.

(CNSNews.com) – The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day.

“The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the shortfall recorded in October and November of last year,” CBO said in its Monthly Budget Review Friday.

This means that the government borrowed $4.8 billion for each calendar day so far in 2013. If the Treasury Department restricted its borrowing to only weekdays, its per day average would jump to $6.5 billion per day thus far in fiscal year 2013.

CBO reported that federal revenues rose by $30 billion – a 10 percent increase over last year, but spending increased more, going up by $87 billion or 16 percent.

 

[Busybody]

Hey yo, CURRY

Im waiting

 

[Busybody]

and speaking of the NIGGERZZ, that jazzed up the joint on what THE KNOWN TURD said about SUPPLY SIDE


Oppsy



Ok, NIGS,
read this

SPIC AND WE SHALL HEAR


Former Obama Economic Advisers: We Need Entitlement Reform


Amid a bitter and highly partisan debate between the White House and House Republicans over a deal that would prevent the country from vaulting over the fiscal cliff, two former economic advisers to President Obama say that entitlement reform is essential to the long-term health of the economy.

Former chairman of the president’s Council on Economic Advisers Austan Goolsbee tells National Review Online that any solution to America’s economic ills “cuts on discretionary and entitlement spending.” Goolsbee, who also supports revenue increases, stresses the strategic value of such reform in any potential bargain. Without entitlement reform, “there will be groups that say ‘I shouldn’t have to sacrifice because X other group didn’t give up anything,” he said in an e-mail.

Former Office of Management and Budget director Peter Orszag is also speaking out in favor of reforming entitlements, and urging his fellow Democrats to do the same. “Democrats should affirmatively want entitlement reform that is progressive and puts the crucial programs on a sounder footing,” Orszag wrote in Bloomberg earlier this week. He challenged the Obama administration’s decision to put off such reform, asking, “Why would reform be easier in, say, 2014, when nothing is forcing action, than it is today?”

The deal President Obama sent to House Republicans on Tuesday did not include structural reforms to entitlement programs. Throughout the week, the White House has stuck to its claim that their plan gleans “significant savings” from entitlement programs, and from health care in particular. But it leaves the fundamentals of Medicare, Medicaid, and Social Security untouched. The day after the White House laid out its proposal, the Washington Post asked, “Do Democrats Have a Plan for Cutting Entitlements?”

Goolsbee, for his part, says he’s “pessimistic” that Obama and Boehner will reach an agreement before going over the cliff. He told CNBC last month that he believes there is “one last celebrity death match that’s lingering in there” between the two parties, and he’s standing by that statement.

 

[eyer]

CBO: Feds Borrowing $4.8 Billion Per Day In FY 2013…


Don’t worry, according to Obama and the rest of the brain dead Dems we do not have a spending problem.

(CNSNews.com) – The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day.

“The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the shortfall recorded in October and November of last year,” CBO said in its Monthly Budget Review Friday.

This means that the government borrowed $4.8 billion for each calendar day so far in 2013. If the Treasury Department restricted its borrowing to only weekdays, its per day average would jump to $6.5 billion per day thus far in fiscal year 2013.

CBO reported that federal revenues rose by $30 billion – a 10 percent increase over last year, but spending increased more, going up by $87 billion or 16 percent.

Crazy...

...isn't it?

BTW:

What's the Republican-controlled House doing about it?

 

[Beco]

Crazy...

...isn't it?

BTW:

What's the Republican-controlled House doing about it?

They're going to let Obama get what he wants, then wait and see the results, then gear up for Mid-term elections based on these results.....scary

 

[unregistered]

 

[Sean Renaud]

I hope they let Obama get what he wants. We'll return to reality where Republicans never get to control Congress and only RINOs even run for president. . .actually that never stopped, conservativism has been dead for longer than any of us have been alive and you aren't bringing it back.

 

[mercury14]

What ave the Republicans been doing? Hmm, let's review.

1) Running a candidate for POTUS who wanted to add $2 trillion more in military spending.

2) Running a candidate for POTUS who wanted to add $.75 trillion more Medicare spending.

3) Running a candidate for POTUS who refused to add more revenue.


So you can thank your lucky stars Obama won.

 

[JohnnySavage]

I hope they let Obama get what he wants. We'll return to reality where Republicans never get to control Congress and only RINOs even run for president. . .actually that never stopped, conservativism has been dead for longer than any of us have been alive and you aren't bringing it back.

No, conservatives have left the party and become independents. Conservativism is alive and well, just not in the Republican party.

 

[islandman]

I hope they let Obama get what he wants. We'll return to reality where Republicans never get to control Congress and only RINOs even run for president. . .actually that never stopped, conservativism has been dead for longer than any of us have been alive and you aren't bringing it back.

Check out this WSJ analysis. Interesting stuff.

http://online.wsj.com/article/SB10001424127887323501404578165492756346434.html?mod=e2tw

 

[Sean Renaud]

Check out this WSJ analysis. Interesting stuff.

http://online.wsj.com/article/SB10001424127887323501404578165492756346434.html?mod=e2tw

The short version is people are Democrats, persons (especially whites) are Republican. I could have told you that.

 

[Busybody]

What ave the Republicans been doing? Hmm, let's review.

1) Running a candidate for POTUS who wanted to add $2 trillion more in military spending.

2) Running a candidate for POTUS who wanted to add $.75 trillion more Medicare spending.

3) Running a candidate for POTUS who refused to add more revenue.


So you can thank your lucky stars Obama won.

You "forgot' to answer my questions

 

[islandman]

The short version is people are Democrats, persons (especially whites) are Republican. I could have told you that.

I prefer their analysis as it relates to the fiscal cliff.

 

[Ulaven_Demorte]

If they do, I predict that Tea Party II will make Tea Party I look like a PTA meeting.

*laugh* The Tea Party? They're already a footnote.

By the time the next election rolls around a third of the "TeaParty" will be dead or dying of old age and bitterness. By the time the next Presidential election rolls around they'll be reduced to spewing incoherent babble at passersby while waiting to cash their social(ist) security checks.

 

[LadyVer]

*laugh* The Tea Party? They're already a footnote.

By the time the next election rolls around a third of the "TeaParty" will be dead or dying of old age and bitterness. By the time the next Presidential election rolls around they'll be reduced to spewing incoherent babble at passersby while waiting to cash their social(ist) security checks.

I think that is too simplistic. They'll probably go more dominionist.

 

[Ulaven_Demorte]

I think that is too simplistic. They'll probably go more dominionist.

They may, but I doubt they'll have any more luck pushing through a conservative Christian theological agenda than they have in the past.

Not to mention that if they were to go by what the Bible actually says, then the "conservative" opposition to social welfare would vanish. Christians would do well to read the words of Christ rather than listen to the words of men telling them what Christ really meant.. The "Red Letter" Christians have the right idea.

I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ. - Mahatma Ghandi