Sign in to follow this  
Followers 0
fish'nmagician

Stimulus bill.

Rate this topic

56 posts in this topic

can't work.

 

we are too far up ***** creek for any stimulus to have a meaningful effect.

At best it might soften the blows that are about to fall.

 

The best Obama can do is change the philosophy of spending in DC,

and begin a LONG haul of digging ourselves out of the mess we are in.

 

Cutting Taxes is a gimick, if he cuts to middle and lower incomes it might put some capital into the economy in the short run....

 

 

but I think there has to be a LONG term plan put down on the table before we continue short term solutions funded by debt.

Share this post


Link to post
Share on other sites

I predict the stimulus will go into the pockets of the current wealth holders.

States will go bankrupt.

Federal powers will be diminished

and our current form of government will be severely tested in the coming years.

 

10% unemployment is expected in the coming year.

And tyhat's just the people collecting.

It omits those who fell off the unemployment rolls.

So what would the real unemployment number be, 20% ?

 

Iceland is a cautionary tale.

Heed the warning.

Share this post


Link to post
Share on other sites
View PostI predict the stimulus will go into the pockets of the current wealth holders.

States will go bankrupt.

Federal powers will be diminished

and our current form of government will be severely tested in the coming years.

 

10% unemployment is expected in the coming year.

And tyhat's just the people collecting.

It omits those who fell off the unemployment rolls.

So what would the real unemployment number be, 20% ?

 

Iceland is a cautionary tale.

Heed the warning.

 

what's wrong about states going bankrupt?

that could be a good thing.

Share this post


Link to post
Share on other sites
View Postcan't work.

 

we are too far up ***** creek for any stimulus to have a meaningful effect.

At best it might soften the blows that are about to fall.

 

The best Obama can do is change the philosophy of spending in DC,

and begin a LONG haul of digging ourselves out of the mess we are in.

 

Cutting Taxes is a gimick, if he cuts to middle and lower incomes it might put some capital into the economy in the short run....

 

 

but I think there has to be a LONG term plan put down on the table before we continue short term solutions funded by debt.

 

One of my Political Science professors (an American socialist who embraced England's socialism) defined politics perfecly: "Politics is who gets what and how they get it." "Bad economics is good politics and good economics is bad politics." These realities make for our debt /deficit miasma, and preclude any long term, consistent, disciplined approach to remedying our broken fiscal policy. Pols can't say: "NO."

Share this post


Link to post
Share on other sites
View Postcan't work.

 

we are too far up ***** creek for any stimulus to have a meaningful effect.

At best it might soften the blows that are about to fall.

 

The best Obama can do is change the philosophy of spending in DC,

and begin a LONG haul of digging ourselves out of the mess we are in.

 

Cutting Taxes is a gimick, if he cuts to middle and lower incomes it might put some capital into the economy in the short run....

 

 

but I think there has to be a LONG term plan put down on the table before we continue short term solutions funded by debt.

 

So is this your first official throw down with Obama policy decisions.

 

Just tell me your pissed and that he's wrong. biggrin.gif

Share this post


Link to post
Share on other sites
View PostCA is getting rrrrrreeeeeeaaaaalllllllyyyyyyy close to the edge of the cliff.

 

good.

 

I hope they go over the edge.

 

maybe the people there will learn their lesson.

Share this post


Link to post
Share on other sites
View Postgood.

 

I hope they go over the edge.

 

maybe the people there will learn their lesson.

 

Yes, indeed.

The lesson is... people who say "deficits don't matter"

are full of crap and lying to your face.

 

Did YOU learn YOUR lesson?

Share this post


Link to post
Share on other sites
View Posttrillion dollar deficits as far as the eye can see

 

It won't be long before the national debt arrives at $15 trillion, up 50 % in an alarmingly short period. Recent Nobel winner Krugman said we could deficit spend around $7 - $8 trillion more. After that the numbers get too big, the hole too deep, even for him.

Share this post


Link to post
Share on other sites
View Postgood.

 

I hope they go over the edge.

 

maybe the people there will learn their lesson.

 

The Repubs in Sacramento have really dug their heels in. For now. That foothold is starting to erode. One said he is willing to vote for tax increases even if it means the end of his political career. I expect tax/fee increases and other "revenue enhancement" measures. It's gonna happen. Details should come out soon.

Share this post


Link to post
Share on other sites
View PostYes, indeed.

The lesson is... people who say "deficits don't matter"

are full of crap and lying to your face.

 

Did YOU learn YOUR lesson?

 

 

well, to be fair, deficits in and of themselves WITHIN REASON are manageable.

 

debt can be a tool.

 

however, it's doesn't make sense to be levered 3-5x your annual cash flow if the currency you're using to pay interest and principal is funny paper money.

 

it also helps if you're paying down debt as you go along. not just pile it on.

Share this post


Link to post
Share on other sites
View PostThe Repubs in Sacramento have really dug their heels in. For now. That foothold is starting to erode. One said he is willing to vote for tax increases even if it means the end of his political carreer. I expect tax/fee increases and other "revenue enhancement" measures. It's gonna happen. Details should come out soon.

 

99% tax rates for everyone.

 

beers.gifbeers.gifbeers.gif

 

 

cwm31.gif :s cared: cwm31.gifcwm31.gifcwm31.gifcwm31.gifredface.gifredface.gifredface.gifredface.gif

Share this post


Link to post
Share on other sites

"Nobody is more worried about the deficit and the debt than me. I will be judged by the legacy I have left behind," Obama told House Republicans, according to one congressional attendee.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.