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The Sandbox - National The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here.

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Old 03-22-2012, 05:01 PM   #31
CJ7
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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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Old 03-22-2012, 05:03 PM   #32
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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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Old 03-22-2012, 05:08 PM   #33
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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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Old 03-22-2012, 05:09 PM   #34
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Quote:
Originally Posted by CuteOldGuy View Post
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.
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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Old 03-22-2012, 05:20 PM   #35
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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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Old 03-22-2012, 05:24 PM   #36
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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.
Do stupid questions expect stupid answers?
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Old 03-22-2012, 05:35 PM   #37
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Do stupid questions expect stupid answers?

apparently, youre too stupid to seperate one from the other.


next contestant please.
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Old 03-22-2012, 05:37 PM   #38
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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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Old 03-22-2012, 06:02 PM   #39
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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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Old 03-22-2012, 06:21 PM   #40
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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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Old 03-22-2012, 07:52 PM   #41
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Quote:
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oh, btw

that STUPID question was answered by the CBO ... you read their answer above

want a link

I'm tired of this. On to the next dead horse
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Old 03-22-2012, 09:01 PM   #42
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You along with all others who are not wealthy will suffer
Ok but to make it a fair statement I'd need to know what your definition of wealthy is.
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Old 03-22-2012, 09:05 PM   #43
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Hayek's "The Road to Serfdom" should be required reading in every high school in the country. The Austrians rule!
You are my new crush.
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Old 03-22-2012, 09:29 PM   #44
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Ok but to make it a fair statement I'd need to know what your definition of wealthy is.
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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Old 03-22-2012, 10:32 PM   #45
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If this President succeeds at what he is trying to do, the country will fail.
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