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Title: Debt ceiling deal does not solve our fiscal woes
Source:
The Washington Times
URL Source: http://communities.washingtontimes. ... oes-not-solve-our-fiscal-woes/
Published: Aug 1, 2011
Author: Vasko Kohlmayer
Post Date: 2011-08-01 18:35:11 by We The People
Keywords: None
Views: 80316
Comments: 139
Back slapping and smiles abounded as the president and congressional leaders reached a debt ceiling compromise last night. The deal, they said, will save us from falling over the fiscal cliff. Do not believe a word of it. The bipartisan deal does not alter the grim fact that the US government is saddled with far greater obligations than it can conceivably meet. Public debt of $14.5 trillion and long term unfunded liabilities well in excess of $100 trillion are simply an insurmountable burden. To put it plainly, the US federal government is bankrupt. The only reason its finances have not yet collapsed is due to the dollar's status as the world's reserve currency. Debt ceiling (Image: AP). Increase of debt ceiling will not address the heart of the problem. Normally when a country acquires more debt than it can carry, creditors dump its bonds and the currency falls apart. Most of our creditors know that we will not be able to pay our debts. They would love to dump their dollars, but they have a serious problem. There is really nowhere else they can put their money. Consider the alternatives. Should they sell dollars and buy euros instead? But the euro is as troubled as the dollar is. Or should they try the British pound or the Japanese yen? Those too happen to be heavily over-indebted and shaky. There are some currencies – such as the Swiss frank and the Canadian dollar – that are relatively healthy, but they are too small to be considered as global alternatives. The bottom line is that there is at the present time no currency that could reliably absorb the world's monetary reserves. The world is in a currency crisis and holders of reserves – whether national banks or private institutions – have no choice but to stick with the dollar for now. Sensing the train wreck ahead, creditors plead in desperation with our government to do something about its out-of-control spending. Unfortunately for them, American politicians – despite their rhetoric – have no intention of doing anything. Both Republicans and Democrats want the same thing: They want to spend more. The only difference between them is the kind of programs on which they want to spend. Even the fiscal hawks in the Republican party become dovish when it comes to cutting. Paul Ryan's plan The Road to Prosperity, which he released with much noise earlier this year, would not balance the budget for another thirty years. What this really means is that it would never balance the budget, because it is impossible to forecast anything with any degree of accuracy thirty years out. The far-off balancing date in Paul Ryan's budget was only a cop out. That much was obvious. Yet he still got savaged for his supposed fiscal “ruthlessness.” If the mere pretense of wanting to balance the budget makes one a political pariah, then you know we are in serious trouble as a country. If you really want to understand what is going on in our capitol when it comes to money and budgeting, you need to grasp one thing: There is only one party in Washington, D.C. It is the party of Big Spending. This is its modus operandi: The greater our debts, the more it wants to spend. Let us not forget that it was George Bush and the Republicans that set us on the road to never-ending bailouts and soaring budget shortages. Obama took it a step further and the Republicans cried fault. They complain about the deficits, but even the most fiscally “hawkish” among them do not want to balance the budget. Instead they pretend that little cuts around the edges will solve our problems. With an annual deficit of some $1.5 trillion, cutting two trillion over the next ten years is only a drop in the bucket. To have any chance, we would need to cut $1.5 trillion now just to stop the hemorrhage. This will not happen, of course. With such leadership as we have we are headed for disaster. The fact is that we are bankrupt, and we will eventually default. Raising the debt ceiling now only postpones the inevitable. Do not celebrate. Rather prepare for the crash. http://communities.washingtontimes.com/neighborhood/vasko-kohlmayers-globe/2011/aug/1/debt-ceiling-deal-does-not-solve-our-fiscal-woes/
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#42. To: Liberator (#40)
12 tax hikes...US goes from creditor to debtor nation...283 Marines slaughtered because the sentries guarding them weren't authorized to fire their weapons...dollar goes into free fall...stock market crash...banking crisis...US's number one export is jobs...deficits as far as the eye can see... But we did "defeat" 300 Cubans armed with shovels on the Island of Greneda... Yea...real "rightful"...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Little selective amnesia over Beiruit and reflagging oil tankers in the Persian Gulf?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Yes in 1984 because I hate Walter Mondale...at the beginning of 1981, I was fine but by the end of 1981, I barely had a pot to piss in. In 1989, I nearly lost my job thanks to the blowback from S&L deregulation...and my taxes went up each year that the 1987 tax reform was phased in. My best years economically were 1994-2001. And then again in 2007-2010. This year has been okay.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
The stim wasn't big enough nor was it targeted towards the demand side of the economy enough. It did Phase One of what a stim is supposed to do...stop a recession...but it did little beyond that...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
And they aren't working because US manufacturing has been sabotaged (a bi-partisan effort via China MFN status and NAFTA) and because 0bama is purposely undermining US domestic oil/coal production and exploration, farming, and small business through over-regulation and its anti-capitalist/leftist agenda. Perspective 2: Government spending accounts for $3trl of our GDP. MUST be reduced by 25% across the board. 0bama instead JACKS it up across the board. Perspective 3: How are people waiting around for trickle down - which has never worked, btw - and cutting back 20% of GDP going to make this economy "healthy"? You're kidding, right? THIS country's economy can ONLY be improved by helping the American private sector compete and excel against the foreign slave labor markets of China and other Third World nations and their itter lack of regs. Spending $800 billion dollar stim programs for unions and fedgove drones or training for jobs that do NOT exist any longer won't help us. You can babble on about crticiziing or not criticizing Obama as if that is the debate. It isn't. Boehner and Cantor PROMISED jobs when they ran. They PROMISED jobs after they won. They PROMISED jobs with the extension of the Bush tax cuts. Listen - the Dems have owned Congress since 2007...which just coincidentally happens to be the start of the American economy PLUNGING off a cliff. Boehner and Cantnor can't make good on jack-squat when ANY productive ideas on the table are deep sixed by the Dem Senate AND/OR vetoed and ridiculed by the tone-deaf Commie-in-Charge. It's two years after Obama took power and the GOP was able to curtail the stimulus bill to a shell of what it should have been. HUH?? LOL! You're delusional. Utterly and completely! It's 7 months into the GOP's "resurgence" the GOP has exercised its power from the get go but, economically, the question now is WHEN DID we double dip - I'm picking June, btw,...not WILL we double dip... Ooooooh...an entire SEVEN MONTHS!! R-i-g-h-t!! It's the GOP House's fault!! NOT the Dem Congress and President!! DOINK! How will reducing spending in a down economy BOOST economic growth? WE. DON'T. POSSESS. REVENUE. TO. SPEND (not counting Monopoly money.) Again - investment in business and industry IN AMERICA is the ONLY way to boost a dead economy - NOT phony "Stim programs." How will cutting spending on infrastructure, which has a direct correlation to stimulating demand, BOOST economic growth? Hey, here's an idea - how about the Four-War-Prez and Nobel Peace Prize winner proposing re-allocating war money TO spending it on the infrastructure?? How will reducing education funding help this nation compete in the gloabl market of not only hard goods but in the market of ideas as well? You may call it "education funding," but the reality is the NEA and University socialist propaganda doesn't really help in the Real World of jobs and capitalist innovation. If "education" was an issue in helping create wealth, Americans should be cranking out inventions, industries and an economy that reflect it; Instead we possess many of the dopiest people on the planet. THOSE are the questions that YOU need to answer. My guess is that all I'll get back is more bullshit about me and Japan in a post that you forget to ping me to. War, your questions created MORE questions to be answered - by YOU.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
Perspective 2: Government spending accounts for $3trl of our GDP. Perspective 3: How are people waiting around for trickle down - which has never worked, btw - and cutting back 20% of GDP going to make this economy "healthy"? Where are they? Just as democrats blamed Hoover for the depression; Carter got blamed for the economic disaster of the late 70s, and your previous god Clinton got the credit for the boom-boom 90s; Obama gets the "credit" for the mess he's created. Sorry, but thems the rules. Understand now? How will cutting spending on infrastructure, which has a direct correlation to stimulating demand, BOOST economic growth? How will reducing education funding help this nation compete in the gloabl market of not only hard goods but in the market of ideas as well? THOSE are the questions that YOU need to answer. ALL GOVERNMENT CAN DO TO HELP THE ECONOMY IS GET THE HELL OUT OF THE WAY Aw, poor baby. I corrected my oversight 5 minutes later in the next post. I'll make sure to post a picture of Zero in it next time so you won't miss it.
You're too frickin' funny Libby... Your highlights... The 2007 recession, conicident to the dems resurgence is their fault but the 2011 Double Dip, coincident to the GOP/Tea resurgence Party is the...uh...Dems fault? You state this in full knowledge that the housing meltdown started in 2006, was abated somewhat by the HTC in the stim bill but because the GOP would not agree to open ended tax breaks, resumed its downward plunge not too long thereafter. Ditto car sales... As was pointed out, government spending is ~20% of GDP you want to cut 25% of that 20% and you ***think*** that will increase GDP. Can you tell me how you get a higher number by subtracting two positives? The stim should have had more demand side tax cuts and credits...typified by the housing tax credit and cash for clunkers. As it was, that was $300bln of the $800bln. The $500Bln left that you ***think*** was given to unions, was, in fact, mostly spent on infrastructure. And you need to kock of the talking points. EVERY statement that you ***think*** was a rebuttal was simply you regurgitating...talk radio...demonize the NEA...demonize colleges...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
And yet...somehow most of us recall an appreciable higher standard of living during that time AND confidence in the future of the US. Most of our debt can be attributed to imports of US for an economy and industries which were busy cranking out domestic wealth. 283 Marines slaughtered because the sentries guarding them weren't authorized to fire their weapons... As opposed to the Americans and RoE that are even worse because THEY ARE ON THE BATLLEFIELD. Btw, do you know how many Americans have been KIA or wounded after Nobel Peace Prize recipent 0bama's fake promise to get out of A-Stan and Iraq? dollar goes into free fall...stock market crash...US's number one export is jobs...deficits as far as the eye can see... You mean, "market correction" back in '87? ALL of that was NOTHING compared to now and 0bama's devaluing the dollar, crushing the real estate market, the stench of 0bama sabotaging American business, industry AND confidence to invest in the future. Hey - NICE leadership by 0bama (eyeball roll.) But we did "defeat" 300 Cubans armed with shovels on the Island of Greneda...Yea...real "rightful"... You would see that in those simple terms. So...what of it? THAT was the extent of Reagan's "wars." Admit it: PRETTY DAMN GOOD, wasn't he? How much money did he save us by eschewing war? How much international respect did it garner the US back then?
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
Petty petty petty. I'll bet you make a big stink over the sprig of parsley that may or may not come with your meal. Propriety, war. Where the hell is yours??
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
By 1981 Reagan's agenda had hardly been implemented. How'd you do from '82-'88? Good times or bad? Whether you personally did well or not, we know America was in GREAT relative shape emotionally, financially, socially, and on most counts. Even the culture of music and entertainment was better. As your taxes went up during the Reagn Years, I suppose your earnings did commensurately. 1994-2001 - which goob policies helped or hurt you?
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
RIGHT! Look - can't you admit whatever Stim enacted needed to be directed at the private sector? And NOT for goob projects, political/partisan paybacks to select districts? Hell - don't you have problems with hiding the devil-in-the-details of every damn mega spending proposal? With NO debates over details?? Even Bush and the Congress did it during TARP.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
I'm not going to comment on unsourced numbers. So...source them or they are moot. But I will make this observation: Between TARP, two wars, Part D, the tax cuts and Bush's 2008 "stim" he initiated over $5trillion in new spending including over $600bln in discretionary increases...under Obama, new spending has been just $1.5trl. ALL GOVERNMENT CAN DO TO HELP THE ECONOMY IS GET THE HELL OUT OF THE WAY Who is going to build and rebuild roads, bridges and other infrastructure? How is eliminating 20% of the economy going to be a positive.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
It was. You're really sticking your neck out on your ignorance here.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Frankly, what helped me the most, initially, was Rubin rolling the government's debt maturities down the yield curve and making them of shorter duration. My wife and I also had an S Corp at the time and Clinton's 1993 Budget Act gave us all sorts of credits and breaks that helped us to expland...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Actually...no...for those three years my income was about $55K but because of the phase out of deductions, my AGI and thus my taxes went up every year...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Huh? Soldiers DIED and I'm being petty? Okay...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Since you're so in love with statistics, here's one for you: Daily government spending in Zero's era: 4 billion Daily government spending in the Evil One's era: 1.6 billion I'm not going to comment on unsourced numbers. So...source them or they are moot. There you go again, trying to change the rules. You can damn well see that my "unsourced" numbers were in response to your "unsourced" numbers. Anything to deflect, huh? Oops! I rounded 3.81 Billion up to 4 Billion Make sure you focus on THAT
wha...huh?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
So your link works? There's nothing there that supports your "contrast". And what numbers do you believe that I did not source?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Where are the costs of running FOUR wars in 0bama's column? In any case...should we believe this graph, OR reality?
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
Occasionally make your point unambiguously. I won't ding you for it - promise.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
My wife and I also had an S Corp at the time and Clinton's 1993 Budget Act gave us all sorts of credits and breaks that helped us to expland... Thanks... Well, sometimes timing is everything. Could it be argued that the foundation for your wealth and assets had its seed in the agenda and policies of Reagan?
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
Soldiers DIED and I'm being petty? You know damn well that's NOT my position. But thanks for the retarded stretch.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
Make sure you focus on THAT Lol
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
You can argue anything that you want to argue... Reagan exported most of the jobs in my area to Europe and Japan so that made me go back to college full time the funding to which he promptly cut making me go deeper into debt... If you ***think*** that's a positive...sleep well...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Your position was that "Reagan kept us out of wars"...when I pointed out that was bullshit anf gave examples as to why you claimed that I was being petty... There was no other way to take that...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Which 3 years? Reagan wuz Prez for 8 years. Back in the 80s, an income of 55k was pretty good. And I suppose you took advantage of tax breaks and deduction expenses.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
You haven't supported your premise that the economic train wreck has anythign to do with the Obama presidency. You CANNOT make an unsupported statement and rely on that as an ongoing "truth" and, even worse, then turn it into a circular argument. Our economic woes predate Obama and he has HARDLY made them exponentially worse and, in some instances, he's abated the bleeding...or maybe you forget that we were bleeding hundreds of thousands of jobs a month when he took office?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
I stated the year that the tax reform began,...1987...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
There was no other way to take that... yeah, it was a cheap shot. That's ok. But what "bullshit"?? Reagan DID keep us out of wars; The isolated Lebanese terrorism and deaths of US military personnel was NOT a result of war, but a result of a military presence we've maintained all over the globe since WWII.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
I think we all got whacked on that tax-reform. New capital gains taxation policies hurt the real estate market then as well. And concurrently, Wall St. and you.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
What war was there to keep us out of? He put us in the middle of Israel and Lebanon and he put us in the middle of Iraq and Iran..,do you forget the Stark "incident"? Do you forget us shooting down a civilian airliner leaving Iran? He ran a covert war in Central America...maybe you heard of it...Iran/Contra? Really...your statement and reality aren't neighbors there, Libby...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Hey! If you can't rely on http://i872.photobucket.com/albums/ab282/SwimmerDad/Economics/24editorial_graph2 -popup.gif what CAN you rely on?
By the end of the 80's, anyone attached to fixed income was getting whacked. I used to believe as you believe...Reagan is more myth than man... I will grant you one point...I have ALWAYS been proud to be an American but I wasn't always willing to proclaim that...Reagan made it okay to be proud that you were proud... I remember Robin Williams doing this on some TV program in 82 or 83 and I was very impressed:
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
When you can't attack the message...attack the source... Thanks, "Saul"... Meanwhile, you still have not sourced your numbers...too late for them to be considered anything but BULLSHIT.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
http://i872.photobucket.com/albums/ab282/SwimmerDad/Economics/24editorial_graph2 -popup.gif what CAN you rely on? "SwimmerDad"?? *wheezing snicker*
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
(war): You haven't supported your premise that the economic train wreck has anythign to do with the Obama presidency. You CANNOT make an unsupported statement and rely on that as an ongoing "truth" and, even worse, then turn it into a circular argument. Our economic woes predate Obama and he has HARDLY made them exponentially worse and, in some instances, he's abated the bleeding...or maybe you forget that we were bleeding hundreds of thousands of jobs a month when he took office? Once again, you've missed the point - either deliberately or intentionally. So once again I'll try to simplyfy: Unfairly. or. fairly. presidents. get. the. blame/credit. for. the. economic. health. during. their. administrations. That. is. a. concept. that. would. be. taught. in. economic. debate. 101. (please make sure you grasp that concept before we move on) I. cited. examples. - Hoover. Carter. Clinton. - where. this. had. happened. (so far, so good?) Ergo. Obama. gets. the. credit. for. the. shitty. economy. of. 2008. to. present. And please don't insult me by spinning and twirling that the economy is all hunky dory. Ok?
An elderly friend got whacked to the tune of $150,000 by Charles Keaton and his antics. She had to go back to work at the age of 65, after she found her retirement funds no longer existed. And the Tea Baggers here want to dismantle SS in order put their retirement money in instruments where more sharks similiar to that Charles Keaton can get at it. I did good though. I sold a racehorce to a VP of an S and L, who paid for it on that S and L's petty cash account. Needless to say within six months he was in jail and the S and L was a US Bank. And the horse won at first asking.
I'll drink to that. On me, war.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
Cheap debating points. (a la "DUMMY DwarF") Kicking the can down the road, while they work like mad to swindle as much money as possible for themselves, before the inevitable collapse. The more time they have to scam the system before it collapses, the better for them... and the worse for us. I've said it before- they'll throw their own mothers under the bus, to buy themselves even one more hour...
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984: War is peace. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... THEIR God... is the STATE.
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Top • Page Up • Full Thread • Page Down • Bottom/LatestAnd rightfully so. WHILE it was in progress.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#43. To: Liberator (#39)
(Edited)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#44. To: Liberator (#40)
(Edited)
War...You voted for Reagan, didn't you? How were the years from 1981-1989 for you?
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#45. To: Liberator (#27)
I'm sure you're capable of backtracking your posts to 2009 and even last year. I have neither the time or desire.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#46. To: war, Get Outta Dodge! (#37)
Prespective 1: Unemployment is over 9% "official" and in the teens when other aspects are factored in. GDP is 70% SPENDING. People don't spend when they aren't working.
#47. To: war (#37)
Prespective 1: Unemployment is over 9% "official" and in the teens when other aspects are factored in. GDP is 70% SPENDING. People don't spend when they aren't working.
Since you're so in love with statistics, here's one for you:
Daily government spending in Zero's era: 4 billion
Daily government spending in the Evil One's era: 1.6 billion
You can babble on about crticiziing or not criticizing Obama as if that is the debate. It isn't. Boehner and Cantor PROMISED jobs when they ran. They PROMISED jobs after they won. They PROMISED jobs with the extension of the Bush tax cuts.
It's understandable that you want to defelct the blame for the economic train- wreck away from your messiah, but it doesn't work that way. You cannot arbitrarily change the rules in the middle of the game. It's two years after Obama took power and the GOP was able to curtail the stimulus bill to a shell of what it should have been.
Was that the same stimulus bill that bailed out Zero's friends and supporters in the Unions? It's 7 months into the GOP's "resurgence" the GOP has exercised its power from the get go but, economically, the question now is WHEN DID we double dip - I'm picking June, btw,...not WILL we double dip...
You say they exercised their "power" - I say they haven't. Why is Obamacare still funded? You can prattle on about Japan and Hiroshima as if that is some sort of argument. But you are sorely lacking on details.
Sorry the analogy went over your head. I'll use simpler examples next time. Here's one that's really simple. Obama = incompetent = in over his head = unmitigated disaster. How will reducing spending in a down economy BOOST economic growth?
You won't like or agree with the answer because you're a big-government statist, but here goes: My guess is that all I'll get back is more bullshit about me and Japan in a post that you forget to ping me to.
#48. To: Liberator (#46)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#49. To: war (#42)
12 tax hikes...US goes from creditor to debtor nation...
#50. To: war (#43)
Little selective amnesia over Beiruit and reflagging oil tankers in the Persian Gulf?
#51. To: war (#44)
Yes [I voted for Reagan] in 1984 because I hate Walter Mondale...at the beginning of 1981, I was fine but by the end of 1981, I barely had a pot to piss in. In 1989, I nearly lost my job thanks to the blowback from S&L deregulation...and my taxes went up each year that the 1987 tax reform was phased in. My best years economically were 1994-2001. And then again in 2007-2010. This year has been okay.
#52. To: war (#45)
The stim wasn't big enough nor was it targeted towards the demand side of the economy enough.
#53. To: Get Outta Dodge! (#47)
Since you're so in love with statistics, here's one for you:
Daily government spending in Zero's era: 4 billion
Daily government spending in the Evil One's era: 1.6 billion 
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#54. To: Liberator (#52)
Look - can't you admit whatever Stim enacted needed to be directed at the private sector?
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#55. To: Liberator (#51)
(Edited)
1994-2001 - which goob policies helped or hurt you?
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#56. To: Liberator (#51)
As your taxes went up during the Reagn Years, I suppose your earnings did commensurately.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#57. To: Liberator (#50)
Petty petty petty.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#58. To: war (#53)
#59. To: Liberator (#50)
Most of our debt can be attributed to imports of US for an economy and industries which were busy cranking out domestic wealth.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#60. To: Get Outta Dodge! (#58)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#61. To: war, Get Outta Dodge! (#53)
#62. To: war (#54)
#63. To: war (#55)
Frankly, what helped me the most, initially, was Rubin rolling the government's debt maturities down the yield curve and making them of shorter duration.
#64. To: war (#57)
Huh?
#65. To: Get Outta Dodge! (#58)
Oops! I rounded 3.81 Billion up to 4 Billion
#66. To: Liberator (#63)
Well, sometimes timing is everything. Could it be argued that the foundation for your wealth and assets had its seed in the agenda and policies of Reagan?
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#67. To: Liberator (#64)
You know damn well that's NOT my position.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#68. To: war (#56)
For those three years my income was about $55K but because of the phase out of deductions, my AGI and thus my taxes went up every year...
#69. To: Get Outta Dodge! (#47)
It's understandable that you want to defelct the blame for the economic train- wreck away from your messiah, but it doesn't work that way. You cannot arbitrarily change the rules in the middle of the game.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#70. To: Liberator (#68)
Which 3 years? Reagan wuz Prez for 8 years.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#71. To: war (#67)
(Edited)
Your position was that "Reagan kept us out of wars"...when I pointed out that was bullshit anf gave examples as to why you claimed that I was being petty...
#72. To: war (#70)
I stated the year that the tax reform began,...1987...
#73. To: Liberator (#71)
Reagan DID keep us out of wars...
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#74. To: Liberator, war (#61)
In any case...should we believe this graph, OR reality?
#75. To: Liberator (#72)
I think we all got whacked on that tax-reform. New capital gains taxation policies hurt the real estate market then as well. And concurrently, Wall St. and you.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#76. To: Get Outta Dodge! (#74)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#77. To: Get Outta Dodge!, war (#74)
Hey! If you can't rely on
#78. To: war (#69)
(G.O.D.): It's understandable that you want to defelct the blame for the economic train- wreck away from your messiah, but it doesn't work that way. You cannot arbitrarily change the rules in the middle of the game.
#79. To: war (#75)
(Edited)
By the end of the 80's, anyone attached to fixed income was getting whacked.
#80. To: war (#75)
I will grant you one point...I have ALWAYS been proud to be an American but I wasn't always willing to proclaim that...Reagan made it okay to be proud that you were proud...
#81. To: Liberator (#21)
WTH are the idiots celebrating? Devaluing an already plummeting dollar? That's all it accomplishes.
Freedom is slavery.
Ignorance is strength.
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