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Democrats are insane... deficit deal must include stimulus! LOL!

 
Instant Karma
I can see for miles

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11/14/2012 11:53 PM

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Re: Democrats are insane... deficit deal must include stimulus! LOL!
[link to thehill.com]
Senate Democrats say deficit package must include stimulus

Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.


They are fucking high... let's spend more... that will reduce the deficit... LOL!
 Quoting: Anonymous Coward 1440618


What do you think got us out of the Bush Depression? Stimulus spending. Balancing the budget is not how you get an economy moving when the banks aren't lending. Economics 101.
 Quoting: Instant Karma


Economics 101??? LOL more like discredited keynesians economics 101.
 Quoting: Anonymous Coward 1440618


Look, we're not going to be able to pay off the debt. The only way out is to inflate it away.

This is a mathematical fact. Look I like the idea of balancing a budget as much as the next guy. I am traditional. But the situation of the USA is that of someone inevitably headed for bankruptcy ... EXCEPT ... that we can print.

Choose one or the other: default or massive inflation. You must choose one.
 Quoting: Anonymous Coward 27304459


False dichotomy. Most of the public and private debt is owed to the banks, which created the principle out of nothing. That can all be cancelled out with no harm to the economy. The US Treasury can pay off the rest of the US debt with debt-free Treasury dollars.

[link to www.webofdebt.com]

Last Edited by Instant Karma on 11/14/2012 11:56 PM
Dollar Deception: How Banks Secretly Create Money:

[link to www.webofdebt.com]

mobius-gears
Anonymous Coward
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11/14/2012 11:54 PM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!

Personal disposable income has grown nearly 6 times more under Democratic presidents

• Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents

• Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)

• Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)

• Republican presidents added 2.5 times more to the national debt than Democratic presidents

• The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations

[link to www.forbes.com]
 Quoting: Anonymous Coward 16938948


This does not prove what you think it does because of your lockstep partisan thinking. The key issue is not the party but the policy. Moreover, Forbes, an elitist globalist rag, has mistated a few key facts.

By todays standards, JFK would be considered a right wing nutcase. He championed lower taxes, was a strong anti-communist, and favored civil rights (which has always been a republican initiative not a democratic one). He cut taxes more aggressively than Reagan and enjoyed an economic boom.

Clinton was forced into a compromise with conservatives in congress via the only real conservative congress we've ever had under Newt Gingrich. They reduced taxes cut spending and enjoyed a huge bull run in the economy.

Bush enjoyed some growth, but he was essentially an LBJ liberal. He cut taxes but was heavily into foreign intervention (like LBJ) and into heavy social spending. I'm sorry but Bush is a liberal.

To say that FDR was good for the economy is an insane position unless you feel that we need to launch world wars whenever we have bad economic problems.

End result is that of the top 4 in Forbes 'good' president list, 2 of them adopted conservative fiscal policies (the top 2) and the other 2 enjoyed wartime economic growth. Eisenhower was not so great really but you could hardly do wrong when you have virtually the only industrialized nation left in the world.
 Quoting: SevenThunders


bsflag

Nice try, but the Democrats were elected to enact Democratic policies.
They are ALWAYS better for the economy and working people.

The Repulsicans have tripled the national debt and then doubled it again and saddled President Obama with trillion dollar deficits in their insane quest to transfer all the wealth of America to the top 1%.

Obama has a mandate and the repubs need to STFU and think about why they keep getting beat.
Anonymous Coward
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11/15/2012 12:10 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
[link to thehill.com]
Senate Democrats say deficit package must include stimulus

Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.


They are fucking high... let's spend more... that will reduce the deficit... LOL!
 Quoting: Anonymous Coward 1440618


They are saying that you can't only make cuts, you idiot. There has to be job creation and cash to stimulate trade. THINK about it!
Anonymous Coward
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11/15/2012 12:15 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
Bush tax cuts were responsible for $1.7 trillion of the "Obama debt", and the wars about $1.2 trillion. The stimulus was about $700 billion of it. The tax rates during the 1990s resulted in a balanced budget and solid economy. Also war and defense spending gives much less bang for the buck as far as the economy is concerned. Essentially much of the economic problems and debt were due to Bush policies.
Anonymous Coward
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11/15/2012 12:22 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
[link to thehill.com]
Senate Democrats say deficit package must include stimulus

Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.


They are fucking high... let's spend more... that will reduce the deficit... LOL!
 Quoting: Anonymous Coward 1440618


What do you think got us out of the Bush Depression? Stimulus spending. Balancing the budget is not how you get an economy moving when the banks aren't lending. Economics 101.

As long as our money is debt-based, deficit spending (borrowing) is the only way to put new money in circulation.
 Quoting: Instant Karma


And this, ladies and gentlemen, is the problem with public school education...
SevenThunders

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11/15/2012 12:32 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
Nice try, but the Democrats were elected to enact Democratic policies.
They are ALWAYS better for the economy and working people.

The Repulsicans have tripled the national debt and then doubled it again and saddled President Obama with trillion dollar deficits in their insane quest to transfer all the wealth of America to the top 1%.

Obama has a mandate and the repubs need to STFU and think about why they keep getting beat.
 Quoting: Anonymous Coward 16938948


Do you really believe this? For your benefit I will presume you are smarter than that and are just a paid shill. There is no other explanation for the absurdity of this statement.

Democrats are elected to enact Democratic policies which are always better for the economy and the people?!!!
lolsign

Really? Well Zieg Heil for your Messiah, let's suspend all critical thinking and believe that our leaders from whatever party are there for our best interest.

You sound exactly like one of those Stalinist era party apparatchiks. Don't question authority, the party is always right.

Seriously it's not the party but the character of the leader and the policies he enacts. I have just shown you that the leaders with the best economic record adhered to conservative fiscal policies. That is a simple statement of fact, I don't care what party they are from.

It is also true that none of the current crop of democrats will follow those principles, the principles of JFK or the Gingrich republican congress during the Clinton presidency. They will not reduce the load on small businesses and they will not reign in spending.

So under your Messiah look forward to economic collapse, a Greek style austerity induced death spiral, hyperinflation, riots and martial law. After that the skys the limit, we could get a Marxist dictatorship or become a vassal state of China once the nuclear clouds disperse.
Anonymous Coward
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Australia
11/15/2012 12:53 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
[link to thehill.com]
Senate Democrats say deficit package must include stimulus

Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.


They are fucking high... let's spend more... that will reduce the deficit... LOL!
 Quoting: Anonymous Coward 1440618


it worked here.

twice.
Saddletramp
We Don't Rent Pigs...

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11/15/2012 01:01 AM

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Re: Democrats are insane... deficit deal must include stimulus! LOL!
Sure why the fuck not, that 2009 Stimulus did such a great fuckin' job for our economy...that was a humdinger wasn't it?!?!?
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/15/2012 01:07 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
What is discredited is the idea that cutting taxes on the rich creates jobs.
 Quoting: Instant Karma



At one time cutting taxes on the top tier did actually have the effect of stimulating things. But for it to work at all, there needs to be a general feeling of confidence in the stability of things like money, banking and credit policy, gov't fiscal responsibility, etc. It's not as simplistic as most of today's "conservatives" blather on about. Sunlight by itself won't grow a garden. You need good soil, just the right amount of water, etc, etc. Unfortunately, all the proper ingredients for success have been blown all to hell over the last 30 years or so where we have allowed an untouchable elite mob write the laws and then bust out the store. And yes, IMO, it's no accident. Collectivism is the goal. Global serfdom is what is coming.

The rich? Well, until they have enough confidence in the system to risk their capital, they'll just go down to their villas in Paraguay (or somewhere else where you can't tax them) and hunker down in style. Who knows, maybe if you were rich, you might do the same yourself... naww, not YOU! tounge

So, yeah, regrettably, I'd have to agree with your statement.
Anonymous Coward
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11/15/2012 01:10 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
Reducing (republikan) debt isn't the priority and shouldn't be.
Stimulating the economy and regaining jobs is the priority.

Go dems!
 Quoting: Anonymous Coward 16938948


koolaid
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11/15/2012 01:13 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
It's an investment in deficit reduction!
ratdance
Ryan
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11/15/2012 01:26 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
[link to thehill.com]
Senate Democrats say deficit package must include stimulus

Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.


They are fucking high... let's spend more... that will reduce the deficit... LOL!
 Quoting: Anonymous Coward 1440618


What do you think got us out of the Bush Depression? Stimulus spending. Balancing the budget is not how you get an economy moving when the banks aren't lending. Economics 101.

As long as our money is debt-based, deficit spending (borrowing) is the only way to put new money in circulation.
 Quoting: Instant Karma


Only if you subscribe to the theory that prosperity is the ability to consume more needless crap than the next person. What happened with being content with healthy/happy family and simple life living off the land.
Anonymous Coward
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11/15/2012 01:28 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
Thousands of pages of PORK Spending........ AGAIN...... REPEAT SHOW... SOS....

and the people VOTED for the SOS.

They've won the election, now they need to payoff their friends. It's what they always do, where do you think the deficit comes from?
 Quoting: Anonymous Coward 24942085
Anonymous Coward
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11/15/2012 01:55 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
I dislike most democrats but sometimes stimulus is needed. Look at it as an investment back into the country. Will it work this time around?? Who knows but we should at least be open to it as long as it makes cents.
 Quoting: Whole lee shit


go stimulate yourself than, wanker
Anonymous Coward
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11/15/2012 01:57 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
we have no money, let's spend it !
Anonymous Coward
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11/15/2012 02:09 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
$1 trillion in stimulus will get you a couple percent bump in GDP and greater long term problems.

If they were serious, we'd be talking something more like $100 trillion in stimulus involving rebuilding America to 21st century standards. Superconducting electrical grids. Maglev train. Space elevators. LFTR reactors. New schools. Vertical farms. More investment in science.

Instead, the proposal is likely nothing more than repaving some roads and a few more Solyndras. In this case, we're better off without it and crash sooner rather than later.
s. d. butler

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11/15/2012 02:35 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
I dislike most democrats but sometimes stimulus is needed. Look at it as an investment back into the country. Will it work this time around?? Who knows but we should at least be open to it as long as it makes cents.
 Quoting: Whole lee shit


keep on rearranging the deck chairs.
Anonymous Coward
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11/15/2012 03:37 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
Stimulus needs to be in the form of a gift card , and must be used withIn a set amountof time. This would prevent people from saving it , or paying off bills. It would also prevent politicians from payIng off there contributors
Anonymous Coward
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11/15/2012 04:03 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
[link to thehill.com]
Senate Democrats say deficit package must include stimulus

Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.


They are fucking high... let's spend more... that will reduce the deficit... LOL!
 Quoting: Anonymous Coward 1440618


What do you think got us out of the Bush Depression? Stimulus spending. Balancing the budget is not how you get an economy moving when the banks aren't lending. Economics 101.

As long as our money is debt-based, deficit spending (borrowing) is the only way to put new money in circulation.
 Quoting: Instant Karma


Only if you subscribe to the theory that prosperity is the ability to consume more needless crap than the next person. What happened with being content with healthy/happy family and simple life living off the land.
 Quoting: Ryan 27785584


Ah, no that's not the point he made. I've bolded it again:

As long as our money is debt-based, deficit spending (borrowing) is the only way to put new money in circulation.

And that's true even if you treasure a happy and healthy simple family life on the land.
Anonymous Coward
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11/15/2012 04:06 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
$1 trillion in stimulus will get you a couple percent bump in GDP and greater long term problems.

If they were serious, we'd be talking something more like $100 trillion in stimulus involving rebuilding America to 21st century standards. Superconducting electrical grids. Maglev train. Space elevators. LFTR reactors. New schools. Vertical farms. More investment in science.

Instead, the proposal is likely nothing more than repaving some roads and a few more Solyndras. In this case, we're better off without it and crash sooner rather than later.
 Quoting: Anonymous Coward 22586540


Yes this is the problem we've had in Obama's first term: shovel-ready projects. Little crap like that doesn't do much.

The thing that kept many men employed in the Depression was the building of a whole new National Parks system, building the Hoover Dam, etc. (yes I'm mixing Hoover projects and FDR projects, they were all important.)
Whole lee shit

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11/15/2012 09:35 AM
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Re: Democrats are insane... deficit deal must include stimulus! LOL!
I dislike most democrats but sometimes stimulus is needed. Look at it as an investment back into the country. Will it work this time around?? Who knows but we should at least be open to it as long as it makes cents.
 Quoting: Whole lee shit


Are you aware of the declining marginal utility of government debt?
 Quoting: Anonymous Coward 26085824



You do realize we are fucked either way right? When you have trillions of dollars of debt it doesn't matter anymore. Like I said before its like the game monopoly. Whoever has the most funny money wins. Being that our currency is based on the USD we all use funny money. Its the only thing we have.

Ever heard of the adage you have to spend money to make money? Well its true and sometimes the government has to spend money a.k.a stimulate the economy to raise the GDP. This is basic economics.

I'm not saying the way they are going about it is the best but i am saying stimulus' isn't always bad. Sometimes it is necessary. Some of you folks need to keep an open mind and be bipartisan.
"You can go to hell -- I'm going to Texas!" - Davy Crockett

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