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03-22-2012, 04:01 PM
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#31
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Reductions in taxes and increases in government spending would produce short-term economic benefits—but without offsetting actions to reverse the accumulation of government debt, future output and future incomes would tend to be lower than they otherwise would have been.
want a link?
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03-22-2012, 04:03 PM
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#32
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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to be fair again, economist lean both ways
right favor trickle down theory ... hows that EVER worked out from a debt lowering standpoint?
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03-22-2012, 04:08 PM
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#33
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Only in government would not spending more than you take in be a bad economic policy. Really.
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03-22-2012, 04:09 PM
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#34
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by CuteOldGuy
Sure, you can quote Goldman Sachs. Go ahead. See where it gets you. When you grow up, read some real economists and see if they say the same thing. I suggest Ludwig VonMises, Milton Friedman, and some Austrians. Even responsible Keynesians know that your ideas are bullshit. So go learn something and come back.
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Hayek's "The Road to Serfdom" should be required reading in every high school in the country. The Austrians rule!
Milton Friedman once observed hundreds of workers digging a ditch in China with shovels. He asked the state official overseeing the job why they weren't using the nearby earth moving equipment. The state official responded that the whole point of the project was to provide jobs and that using power equipment would defeat the purpose. Friedman responded that if their goal was to produce jobs they should be using teaspoons.
If the job was being done by American union labor, they probably would be using teaspoons.
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03-22-2012, 04:20 PM
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#35
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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this isnt china, although it may be someday.
Nonetheless cash flow MUST continue in a down economy... if consumers cant spent and the government wont who is left to hold up what little economy there is?
an honest question expects an honest answer.
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03-22-2012, 04:24 PM
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#36
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by CJ7
this isnt china, although it may be someday.
Nonetheless cash flow MUST continue in a down economy... if consumers cant spent and the government wont who is left to hold up what little economy there is?
an honest question expects an honest answer.
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Do stupid questions expect stupid answers?
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03-22-2012, 04:35 PM
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#37
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Quote:
Originally Posted by joe bloe
Do stupid questions expect stupid answers?
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apparently, youre too stupid to seperate one from the other.
next contestant please.
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03-22-2012, 04:37 PM
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#38
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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oh, btw
that STUPID question was answered by the CBO ... you read their answer above
want a link
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03-22-2012, 05:02 PM
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#39
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Valued Poster
Join Date: Mar 31, 2010
Location: Houston
Posts: 15,054
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CJ7, to fix Social Security, I advocate removing the cap, and making ALL income subject to Social Security withholding, and make every citizen regardless of any other retirement sytems they might be in, subject to SS withholding.
Yes, I would pay more, as I usually top mine out about mid May, and I would also pay on my dividends and interest.
But ole Warren Buffet and George Clooney would as well. It would solve the SS problem with the stroke of a pen.
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03-22-2012, 05:21 PM
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#40
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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damn Jackie you remind me of me .. I totally agree. Made that arguement before.
whats the cap rate now? $100K
a man making 100K pays 100% on 100K
Buffet and Gates make a billion$ , but pay up to 100K lowering their precentage rate to almost nada.
thats too logical, Gates cant stand that big a hit in the a$$
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03-22-2012, 06:52 PM
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#41
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by CJ7
oh, btw
that STUPID question was answered by the CBO ... you read their answer above
want a link
![Smile](https://cdn-w.eccie.net/images/smilies/smile.gif)
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I'm tired of this. On to the next dead horse
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03-22-2012, 08:01 PM
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#42
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Upgraded Female Account
User ID: 50897
Join Date: Oct 22, 2010
Location: Dallas
Posts: 3,035
My ECCIE Reviews
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Quote:
Originally Posted by Sexyeccentric1
You along with all others who are not wealthy will suffer
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Ok but to make it a fair statement I'd need to know what your definition of wealthy is.
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03-22-2012, 08:05 PM
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#43
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Upgraded Female Account
User ID: 50897
Join Date: Oct 22, 2010
Location: Dallas
Posts: 3,035
My ECCIE Reviews
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Quote:
Originally Posted by joe bloe
Hayek's "The Road to Serfdom" should be required reading in every high school in the country. The Austrians rule!
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You are my new crush.
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03-22-2012, 08:29 PM
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#44
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Account Disabled
User ID: 126013
Join Date: Mar 14, 2012
Location: Rocking in my rocking chair on my porch..
Posts: 654
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Quote:
Originally Posted by LovingKayla
Ok but to make it a fair statement I'd need to know what your definition of wealthy is.
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Well wealthy enough that your buffered from a great depression or a serious recession. Wealthy enough that it will not affect you as much as most of the American people who are not wealthy or in the 1% category. But by all means let hell come and destroy what we have right, just let the economy fail because we don't want this president to succeed thereby letting our country succeed? So that we can rebuild from the wreckage and devastation of a failed economy? Start a new world and a new different economy?
Yea, I don't think so..
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03-22-2012, 09:32 PM
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#45
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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If this President succeeds at what he is trying to do, the country will fail.
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