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Thread: Governments Moving to Cut Spending, In Echo of the 1930's

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  1. #1
    Havakasha is offline
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    Governments Moving to Cut Spending, In Echo of the 1930's

    I think we know that it was a mistake to do so back then. Lets see what happens in the present.


    http://www.nytimes.com/2010/06/30/bu...nhardt.html?hp

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    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    I think we know that it was a mistake to do so back then. Lets see what happens in the present.


    http://www.nytimes.com/2010/06/30/bu...nhardt.html?hp
    The only thing that is certain is that was 80 years ago.

    Hey - good news about the healthcare plan. Flexible spending will not be eliminated, only reduced, and that's fine with me as I save well under the max. But on the other hand, premiums are going up. My company has done a great job, but this time around, the employees are going to have to take a bite of the $hit sandwich.

    I'm watching this University of Maryland (Peter Morici sp?) guy on Fox News, "Washington is doing nothing right... they increase the demand for healthcare and prices are going to go down?" Man, that's a good question.

  3. #3
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    Here is a hint of a bias. "Washington is doing nothing right".

    Bullcrap. FINALLY someone is tackling decades old problems. Health care, financial reform, immigration reform, energy legislation. Now you might not like all the solutions but the attitude that nothing right is being done is just such a negative attitude that its clearly an obvious falsehood. Its like saying nothing is being done right in America. That is so easy for anyone to say and its absolute nonsense,

  4. #4
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    Here is a hint of a bias. "Washington is doing nothing right".

    Bullcrap. FINALLY someone is tackling decades old problems. Health care, financial reform, immigration reform, energy legislation. Now you might not like all the solutions but the attitude that nothing right is being done is just such a negative attitude that its clearly an obvious falsehood. Its like saying nothing is being done right in America. That is so easy for anyone to say and its absolute nonsense,
    "the attitude that nothing right is being done is just such a negative attitude that its clearly an obvious falsehood"

    That's the dumbest thing ever spelled out on your keyboard. LOL. Perhaps he truly believes all that has been "done" is wrong? Is addressing it the factor for success or failure, or is addressing it correctly? So far, I'd give Obama a solid "F" in bipartisanship. He's not listening to anyone other than those who are likeminded. It's a shame as that is what I had held hope for.

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    SiriuslyLong is offline
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    The CBO that you rely on when it suits you says the deficit is unsustainable, and will be 90% of GDP in 25 years (I think that's the case). Poor Obama, can't use the tool he wants to because Bush f'd it up, right? We'll, he wanted the job. You'd think he'd have an idea other than one that worked 80 years ago. Maybe one that was more fitting to today's environment?? Heck, nylon wasn't even invented then, now today,its evolved to a dog (low growth, low margin).

    Here are a couple ideas to get out of this.

    1.) incentivize US companies to utilize productive capacity here in the US.
    2.) downsize government - it produces nothing, really. If he wants to spend, then spend. Just reduce overhead to make the speding more efficient.
    3.) invest in healthcare - don't proceduralize(bureaucrationalize) it. Put assets in place to care for the masses.
    4.) incentivize those with jobs to save and spend by reducing taxes
    5.) incentivize Americans to buy American goods and services. If there is any complaint from me about Capitalism, it is the wholesale sell out for cheap labor. That should have been addressed. Plus, productive capacity is part of our national security.

    Those are some ideas.

  6. #6
    Havakasha is offline
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    im on a bus now so i cant comment in full but i have no problem with what the CBO sai

    I agree with what. the CBO said and so does Obama. That is consistency. The point is he was handed an enormous deficit and a bad recession and it aint as easy as you seem to make it out to be to 1. Dig out of a recession, create new jobs and grow thew economy and at he same time.and cut the deficit
    Now tell me why Bush cheney grew the deficit exponentially when the economy wasn't even bad? You have some ideas. I don't agree with most of them. But at least you are trying. The republican Party it seems to me is only trying to sabotage even incremental change. Why? Because it suits their political goals. That makes it difficult to govern when you need 60 votes in the Senate to pass anything. What I wish morew than anything in the world would be to be able to have a side by side comparison of Obama's ideas versus the Republican parties. Alas we can't do that so we will have to continue to argue these points. .





    Quote Originally Posted by SiriuslyLong View Post
    The CBO that you rely on when it suits you says the deficit is unsustainable, and will be 90% of GDP in 25 years (I think that's the case). Poor Obama, can't use the tool he wants to because Bush f'd it up, right? We'll, he wanted the job. You'd think he'd have an idea















    other than one that worked 80 years ago. Maybe one that was more fitting to today's environment?? Heck, nylon wasn't even invented then, now today,its evolved to a dog (low growth, low margin).

    Here are a couple ideas to get out of this.

    1.) incentivize US companies to utilize productive capacity here in the US.
    2.) downsize government - it produces nothing, really. If he wants to spend, then spend. Just reduce overhead to make the speding more efficient.
    3.) invest in healthcare - don't proceduralize(bureaucrationalize) it. Put assets in place to care for the masses.
    4.) incentivize those with jobs to save and spend by reducing taxes
    5.) incentivize Americans to buy American goods and services. If there is any complaint from me about Capitalism, it is the wholesale sell out for cheap labor. That should have been addressed. Plus, productive capacity is part of our national security.

    Those are some ideas.

  7. #7
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    I agree with what. the CBO said and so does Obama. That is consistency. The point is he was handed an enormous deficit and a bad recession and it aint as easy as you seem to make it out to be to 1. Dig out of a recession, create new jobs and grow thew economy and at he same time.and cut the deficit
    Now tell me why Bush cheney grew the deficit exponentially when the economy wasn't even bad? You have some ideas. I don't agree with most of them. But at least you are trying. The republican Party it seems to me is only trying to sabotage even incremental change. Why? Because it suits their political goals. That makes it difficult to govern when you need 60 votes in the Senate to pass anything. What I wish morew than anything in the world would be to be able to have a side by side comparison of Obama's ideas versus the Republican parties. Alas we can't do that so we will have to continue to argue these points. .
    Indeed a side by side comparison of ideas would be interesting to see as would a non partisan committee of economists. They could hash out details and make recommendations, but you think Obama would ever listen or even acknowledge the likes of Peter Schiff? Not. You argue left vs. right. I argue the system. There is no politician that wants to really fix it. All they care about is their party politics.

  8. #8
    Havakasha is offline
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    S&L You and i see the world completely differently. Republicans have repeatedly obstructed Obama PURELY for political reason. They decided opposing him on EVERY piece of legislation is the best way for them to win. The leadership has gone so far as to threaten Republicans committee positions if they so much as think about supporting Obama on legislation.
    Obama has tackled education, health care, energy, financial reform, and immigration all within 2 years. Bush/Cheney did nothing for 8 years. History will rendere who was trying to get things done and what was accomplished with legislation passed.

    Here is yet just one more example and believe me i can find you plenty more.

    http://www.huffingtonpost.com/2010/0..._n_632078.html

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