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Title: Why Budget Cuts Don’t Bring Prosperity (Editors Note: Liberal flakes think debt brings prosperity)
Source: NY Times
URL Source: http://www.nytimes.com/2011/02/23/b ... 8476805-+EVLD3awkLTiddJu1p0IDw
Published: Feb ,
Author:
Post Date: 2011-02-23 12:22:41 by go65
Keywords: None
Views: 27537
Comments: 45

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Begin Trace Mode for Comment # 21.

#1. To: jwpegler, skip intro, lucysmom (#0)

ping!

go65  posted on  2011-02-23   12:23:08 ET  Reply   Untrace   Trace   Private Reply  


#2. To: go65 (#1)

This article is shit. Borrowing doesn't bring prosperity.

I guess we should print a million dollars for every American. We would all be millionaires. That's the ticet.

A K A Stone  posted on  2011-02-23   12:33:35 ET  Reply   Untrace   Trace   Private Reply  


#4. To: A K A Stone (#2)

This article is shit. Borrowing doesn't bring prosperity.

What's venture capital about?

lucysmom  posted on  2011-02-23   12:46:32 ET  Reply   Untrace   Trace   Private Reply  


#10. To: lucysmom (#4)

What's venture capital about?

VC = Investment to create new products and services.

Not borrowing to subsidize bureaucrats.

jwpegler  posted on  2011-02-23   13:08:22 ET  Reply   Untrace   Trace   Private Reply  


#11. To: jwpegler (#10)

VC = Investment to create new products and services.

What about government "investing" in new technologies, infrastructure, and research?

lucysmom  posted on  2011-02-23   13:18:59 ET  Reply   Untrace   Trace   Private Reply  


#21. To: lucysmom (#11) (Edited)

What about government "investing" in new technologies, infrastructure, and research?

I'm 100% in favor in government investing in infrastructure like roads, bridges, ports, etc.

Unfortunately, only 2% of the massive Obama "stimulus" was spent on these things. The rest was spent subsidizing state government bureaucrat pensions and healthcare. It didn't stimulate anything.

Pelosi and the rest of the nutters now call any and all government spending an "investment". That's wrong.

An investment is something that creates more productive capacity which facilitates future growth. The government has little capacity do this any longer because they are spending all of the money of transfer payments.

That's the problem.

jwpegler  posted on  2011-02-23   16:35:34 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 21.

#24. To: jwpegler (#21)

I'm 100% in favor in government investing in infrastructure like roads, bridges, ports, etc.

Unfortunately, only 2% of the massive Obama "stimulus" was spent on these things. The rest was spent subsidizing state government bureaucrat pensions and healthcare. It didn't stimulate anything.

1/3rd of it went to tax cuts in an effort to buy Republican votes, a colossal mistake IMHO.

go65  posted on  2011-02-23 17:02:17 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 21.

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