QuickSilver
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Just answer my question Bob... What good possibly be said about these traitors..?
Hillary Clinton The Queen by Hugh Hewitt
- Thread starter Lon
- Start date
Just answer my question Bob... What good possibly be said about these traitors..?
Protect your own as that is what all will do. There is nothing wrong with saying both parties do the same and protect their own ideas. That is true and not your BS comment.
Simple. You are very predictable.
They are just doing what many Democrat folks are doing when they vote in locked in far far left votes. Not one has a different idea? Does not show real thinking at all, just party locked in thinking.
So on the Republican side we have some that would like to see things being different. Hardly enough to stop the entire House from doing any thing at all. Why are there not enough Democrats that would like to go with the centered Republicans and get things done in spite of those 40 ultra far right ones? Seems like there are no centered Democrats any more. Just those far far left ones that lock in to the party instead of using common sense.
QuickSilver
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Bob... Far left doesn't exist.. The term is Progressives... and Centrist democrats.. None are CRAZY... like the Teapublicans AKA The Freedom Caucus.. nor do they advocate shutting down the government and blowing up the congress if they don't get their way. There is absolutely NO equivalency.
AZ Jim
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I see no harm in this piece of trash. Those in the GOP echo chamber are the only ones who will read it and we already know how they vote!
QuickSilver
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Of course he has the right to publish what he chooses... however, it should be relegated to the fiction section of the book store.
Too many are far far left pushing socialism and even communism. I have already posted those items. Most are crazy if you insist on name calling.
Shutting down the government is not evil at all. It is just trying to point out the overspending and concern for the US debt to other countries around the world. A worth while cause for all of us. Right now we are seeing several programs running, supposedly for our benefit, but what about others when those debts get called by the countries we have borrowed from. They will be ruthless whenever possible.
Since about 1970 it seems the goal is to bankrupt the US. And by the records this happens if the left or right are controlling Congress. Why is this so? Most heavily when the left is in charge though. Why not end this foolishness of spending what we don't have and put the US back into the capable position of proper taxes, debts paid down, free markets, free people, just as our Constitution says it should be.
QuickSilver
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Shutting down the government is NOT crazy? Let's see how you feel about that when your Social Security check doesn't arrive..
AZ Jim
R.I.P. With Us In Spirit Only
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Oh bob doesn't need no stinkin "gobermint" handout that's only for the far far far far left commies.
QuickSilver
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Fine... then he is free to send me his SS.... Should I send you my bank routing number bob? lol!!
Lon
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I guess you think I wasted money reading "Killing Reagan" by Bill O'Reily. I am not a fan of O'Reily but think the authors did a good job of pointing out the warts and pimples in Reagan' persona. BTW I am a Regan fan. Now go ahead and let's hear your diatribe on both Regan and O'Reily. BTW I read lots of stuff from all sides of the political spectrum.
QuickSilver
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Not a fan of Reagan... as he is the father of "Trickle Down Economics"... and notoriously anti-union... So the decline of the middle class and all our current problems with income inequality can be traced to him... but hey... he was likeable..
AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA
AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA
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AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA
Ironic in that at one point he was President of a union. The screen actors guild (AFL/CIO). He served six terms. The only person to be President of the US AND a former Union boss.
QuickSilver
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Little comfort to those Air Traffic Controllers.
Wait until the government get overspent and can no longer pay SS. Then we will have a real problem. Not just for a week or month as would happen in the government shut down game. The government does not have to shut down and stop paying SS. If they do that they are just trying to make a point that hurts the people but does nothing to fix our overspending habits. If you don't pay back your credit card it gets shut down. That is what will eventually happen to the US. Just like what is happening to Greece these days. If no help from Germany and others, Greece will have no way of existing and paying all their benefits they have promised the people. That is what will eventually happen to the US if we don't take control of our debts and promises.
QuickSilver
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Our government will NOT go broke... that's a myth the Right loves to throw around...
It is a fact that some just will not admit to. We are broke now or we would not have to keep borrowing to pay our promises. Promises are the due borrowed amounts and our internal promises like SS, Medicare, etc.....
If the US does lose its world wide credit, who would lend us more money to keep our promises? Maybe China will give us some bushels of rice to feed everyone with.
QuickSilver
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So long as we don't let the crazies shut down our government... and our rating is not decreased.. EVERYONE in the world is clamoring to lend us money.. We are the best investment out there... and so long as interest rates are just about zero... why not? You really don't understand international finance dealings do you bob.. Debt is NOT always a bad thing... in fact many times it's desirable from a financial point of view.. Where so many uninformed folks go wrong is that they love to equate National budgets and financial transactions with the ole home grown kitchen table economics.. The home budget and a budget as complex as that of the United States are in no way comparable... They are two different things.
I guess you just can not understand that debt is not good at all and we have exceptional debt. It needs to be paid back and our total debt reduced. That was in the process after WWII. All governments then were working hard to pay down our debts. Until around 1970 when the debt started to rise again. No amount of effort seems to stop this stupid increase in debt. Greece found out about debt, we will too. Your concept that debt is great is totally wrong. Industries use debt occasionally to tool up for a new product. But as the sales begin they start paying down the debt so they can prepare for another product to be developed. Continued debt that just keeps getting bigger is not a good thing to see and have. We are indeed heading for problem days in spite of your rosy thoughts.
QuickSilver
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Try to learn something Bob.... The US budget is NOT like a houshold... and debt is not always bad...
http://www.rooseveltinstitute.org/new-roosevelt/federal-budget-not-household-budget-here-s-why
Whenever a demagogue wants to whip up hysteria about federal budget deficits, he or she invariably begins with an analogy to a household’s budget: “No household can continually spend more than its income, and neither can the federal government”. On the surface that, might appear sensible; dig deeper and it makes no sense at all. A sovereign government bears no obvious resemblance to a household. Let us enumerate some relevant differences.
1. The US federal government is 221 years old, if we date its birth to the adoption of the Constitution. Arguably, that is about as good a date as we can find, since the Constitutionestablished a common market in the US, forbade states from interfering with interstate trade (for example, through taxation), gave to the federal government the power to levy and collect taxes, and reserved for the federal government the power to create money, to regulate its value, and to fix standards of weight and measurement-from whence our money of account, the dollar, comes. I don’t know any head of household with such an apparently indefinitely long lifespan. This might appear irrelevant, but it is not. When you die, your debts and assets need to be assumed and resolved. There is no “day of reckoning”, no final piper-paying date for the sovereign government. Nor do I know any household with the power to levy taxes, to give a name to — and issue — the currency we use, and to demand that those taxes are paid in the currency it issues.
2. With one brief exception, the federal government has been in debt every year since 1776. In January 1835, for the first and only time in U.S. history, the public debt was retired, and a budget surplus was maintained for the next two years in order to accumulate what Treasury Secretary Levi Woodbury called “a fund to meet future deficits.” In 1837 the economy collapsed into a deep depression that drove the budget into deficit, and the federal government has been in debt ever since. Since 1776 there have been exactly seven periods of substantial budget surpluses and significant reduction of the debt. From 1817 to 1821 the national debt fell by 29 percent; from 1823 to 1836 it was eliminated (Jackson’s efforts); from 1852 to 1857 it fell by 59 percent, from 1867 to 1873 by 27 percent, from 1880 to 1893 by more than 50 percent, and from 1920 to 1930 by about a third. Of course, the last time we ran a budget surplus was during the Clinton years. I do not know any household that has been able to run budget deficits for approximately 190 out of the past 230-odd years, and to accumulate debt virtually nonstop since 1837.
3. The United States has also experienced six periods of depression. The depressions began in 1819, 1837, 1857, 1873, 1893, and 1929. (Do you see any pattern? Take a look at the dates listed above.) With the exception of the Clinton surpluses, every significant reduction of the outstanding debt has been followed by a depression, and every depression has been preceded by significant debt reduction. The Clinton surplus was followed by the Bush recession, a speculative euphoria, and then the collapse in which we now find ourselves. The jury is still out on whether we might manage to work this up to yet another great depression. While we cannot rule out coincidences, seven surpluses followed by six and a half depressions (with some possibility for making it the perfect seven) should raise some eyebrows. And, by the way, our less serious downturns have almost always been preceded by reductions of federal budget deficits. I don’t know of any case of a national depression caused by a household budget surplus.
4. The federal government is the issuer of our currency. Its IOUs are always accepted in payment. Government actually spends by crediting bank deposits (and credits the reserves of those banks); if you don’t want a bank deposit, government will give you cash; if you don’t want cash it will give you a treasury bond. People will work, sell, panhandle, lie, cheat, steal, and even kill to obtain the government’s dollars. I wish my IOUs were so desirable. I don’t know any household that is able to spend by crediting bank deposits and reserves, or by issuing currency. OK, some counterfeiters try, but they go to jail.
5. Some claim that if the government continues to run deficits, some day the dollar’s value will fall due to inflation; or its value will depreciate relative to foreign currencies. But only a moron would refuse to accept dollars today on the belief that at some unknown date in the hypothetical and distant future their value might be less than today’s value. If you have dollars you don’t want, please send them to me. Note that even if we accept that budget deficits can lead to currency devaluation, that is another obvious distinguishing characteristic: my household’s spending in excess of income won’t reduce the purchasing power of the dollar by any measurable amount.
If you put your mind to it, you will no doubt come up with other differences. I realize that distinguishing between a sovereign government and a household does not put to rest all deficit fears. But since this analogy is invoked so often, I hope that the next time you hear it used you will challenge the speaker to explain exactly why a government’s budget is like a household’s budget. If the speaker claims that government budget deficits are unsustainable, that government must eventually pay back all that debt, ask him or her why we have managed to avoid retiring debt since 1837-is 173 years long enough to establish a “sustainable” pattern?
Roosevelt Institute Braintruster L. Randall Wray is Professor of Economics at the University of Missouri-Kansas City.
http://www.rooseveltinstitute.org/new-roosevelt/federal-budget-not-household-budget-here-s-why
Whenever a demagogue wants to whip up hysteria about federal budget deficits, he or she invariably begins with an analogy to a household’s budget: “No household can continually spend more than its income, and neither can the federal government”. On the surface that, might appear sensible; dig deeper and it makes no sense at all. A sovereign government bears no obvious resemblance to a household. Let us enumerate some relevant differences.
1. The US federal government is 221 years old, if we date its birth to the adoption of the Constitution. Arguably, that is about as good a date as we can find, since the Constitutionestablished a common market in the US, forbade states from interfering with interstate trade (for example, through taxation), gave to the federal government the power to levy and collect taxes, and reserved for the federal government the power to create money, to regulate its value, and to fix standards of weight and measurement-from whence our money of account, the dollar, comes. I don’t know any head of household with such an apparently indefinitely long lifespan. This might appear irrelevant, but it is not. When you die, your debts and assets need to be assumed and resolved. There is no “day of reckoning”, no final piper-paying date for the sovereign government. Nor do I know any household with the power to levy taxes, to give a name to — and issue — the currency we use, and to demand that those taxes are paid in the currency it issues.
2. With one brief exception, the federal government has been in debt every year since 1776. In January 1835, for the first and only time in U.S. history, the public debt was retired, and a budget surplus was maintained for the next two years in order to accumulate what Treasury Secretary Levi Woodbury called “a fund to meet future deficits.” In 1837 the economy collapsed into a deep depression that drove the budget into deficit, and the federal government has been in debt ever since. Since 1776 there have been exactly seven periods of substantial budget surpluses and significant reduction of the debt. From 1817 to 1821 the national debt fell by 29 percent; from 1823 to 1836 it was eliminated (Jackson’s efforts); from 1852 to 1857 it fell by 59 percent, from 1867 to 1873 by 27 percent, from 1880 to 1893 by more than 50 percent, and from 1920 to 1930 by about a third. Of course, the last time we ran a budget surplus was during the Clinton years. I do not know any household that has been able to run budget deficits for approximately 190 out of the past 230-odd years, and to accumulate debt virtually nonstop since 1837.
3. The United States has also experienced six periods of depression. The depressions began in 1819, 1837, 1857, 1873, 1893, and 1929. (Do you see any pattern? Take a look at the dates listed above.) With the exception of the Clinton surpluses, every significant reduction of the outstanding debt has been followed by a depression, and every depression has been preceded by significant debt reduction. The Clinton surplus was followed by the Bush recession, a speculative euphoria, and then the collapse in which we now find ourselves. The jury is still out on whether we might manage to work this up to yet another great depression. While we cannot rule out coincidences, seven surpluses followed by six and a half depressions (with some possibility for making it the perfect seven) should raise some eyebrows. And, by the way, our less serious downturns have almost always been preceded by reductions of federal budget deficits. I don’t know of any case of a national depression caused by a household budget surplus.
4. The federal government is the issuer of our currency. Its IOUs are always accepted in payment. Government actually spends by crediting bank deposits (and credits the reserves of those banks); if you don’t want a bank deposit, government will give you cash; if you don’t want cash it will give you a treasury bond. People will work, sell, panhandle, lie, cheat, steal, and even kill to obtain the government’s dollars. I wish my IOUs were so desirable. I don’t know any household that is able to spend by crediting bank deposits and reserves, or by issuing currency. OK, some counterfeiters try, but they go to jail.
5. Some claim that if the government continues to run deficits, some day the dollar’s value will fall due to inflation; or its value will depreciate relative to foreign currencies. But only a moron would refuse to accept dollars today on the belief that at some unknown date in the hypothetical and distant future their value might be less than today’s value. If you have dollars you don’t want, please send them to me. Note that even if we accept that budget deficits can lead to currency devaluation, that is another obvious distinguishing characteristic: my household’s spending in excess of income won’t reduce the purchasing power of the dollar by any measurable amount.
If you put your mind to it, you will no doubt come up with other differences. I realize that distinguishing between a sovereign government and a household does not put to rest all deficit fears. But since this analogy is invoked so often, I hope that the next time you hear it used you will challenge the speaker to explain exactly why a government’s budget is like a household’s budget. If the speaker claims that government budget deficits are unsustainable, that government must eventually pay back all that debt, ask him or her why we have managed to avoid retiring debt since 1837-is 173 years long enough to establish a “sustainable” pattern?
Roosevelt Institute Braintruster L. Randall Wray is Professor of Economics at the University of Missouri-Kansas City.
Lon
Well-known Member
- Location
- Central California
There's a bunch of them as I just searched. If you really care then you Google your self.
AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA