How the U.S. Surplus became a deficit (spreading the blame)
06-10-2009 | 07:04 AM
#1
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How the U.S. Surplus became a deficit (spreading the blame)
http://www.nytimes.com/2009/06/10/bu...nhardt.html?hp
Note: I know it's the new york times. And its written by David Leonhardt, who obviously leans quite left of center. So take it with a grain of salt. It will be interesting to see if any bloggers do their own calculations based on CBO data and what calculations they come to.
Note: I know it's the new york times. And its written by David Leonhardt, who obviously leans quite left of center. So take it with a grain of salt. It will be interesting to see if any bloggers do their own calculations based on CBO data and what calculations they come to.
Last edited by Magish; 06-10-2009 at 07:06 AM.
06-10-2009 | 08:59 AM
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I thought we were done pointing fingers? When do we get more than the following options to fix it:
1) Throw arbitrary amounts of money it (covering a herpes sore with lots of makeup)
2) Step back, point fingers yelling "I told you so!" (hide in the house [if you still have one] until the herpes sore goes away and pretend your herpes is cured)
1) Throw arbitrary amounts of money it (covering a herpes sore with lots of makeup)
2) Step back, point fingers yelling "I told you so!" (hide in the house [if you still have one] until the herpes sore goes away and pretend your herpes is cured)
06-10-2009 | 09:34 AM
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raise taxes, stop spending. when raising taxes, raise them evenly, like the more you make them more you get taxed, (if you make 30k a year 30 mil a year, 1000 bucks spends alot differently to these people. you live here and have the ability to make that money shut up and pay your due. what would you rather lose 40% of 30k or 40 % 30 mil, what hurts you more.), because it is unamerican to try and not pay your taxes, if you try and get out of it you dont support the troops, you dont like america, and want it to fail.
how do you like them apples
how do you like them apples
06-10-2009 | 10:16 AM
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we've had a national debt since the 60's. this surplus you're referring to is actually a statistical misrepresntation of a reduction in the rate at which the defecit grew.
it's been discussed here many times.
oh, and obligatory :facepalm:
here's the link... take it for what it's worth.
http://www.craigsteiner.us/articles/16
it's been discussed here many times.
oh, and obligatory :facepalm:
here's the link... take it for what it's worth.
http://www.craigsteiner.us/articles/16
Last edited by RussB; 06-10-2009 at 10:21 AM.
06-10-2009 | 10:16 AM
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06-10-2009 | 10:17 AM
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06-10-2009 | 10:25 AM
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06-10-2009 | 10:35 AM
#11
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its time to let the markets dictate interest rates. by keeping them artificially low for 30 years we created a major, major problem for our economy.
if interest rates were at 10% do you think anyone would have lost money in their 401(k)? no... because it would all have been in an FDIC insurance savings account making guaranteed money.
lowering interest rates and spending more money to 'stimulate' only causes more protraction of our economic instability
if interest rates were at 10% do you think anyone would have lost money in their 401(k)? no... because it would all have been in an FDIC insurance savings account making guaranteed money.
lowering interest rates and spending more money to 'stimulate' only causes more protraction of our economic instability
06-10-2009 | 10:48 AM
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this is being proposed. look into "pay-as-you-go". http://www.cnn.com/2009/POLITICS/06/10/paygo/index.html
too little / too late considering they've just blown the next few generations budget...
too little / too late considering they've just blown the next few generations budget...
06-29-2009 | 03:33 AM
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its time to let the markets dictate interest rates. by keeping them artificially low for 30 years we created a major, major problem for our economy.
if interest rates were at 10% do you think anyone would have lost money in their 401(k)? no... because it would all have been in an FDIC insurance savings account making guaranteed money.
lowering interest rates and spending more money to 'stimulate' only causes more protraction of our economic instability
if interest rates were at 10% do you think anyone would have lost money in their 401(k)? no... because it would all have been in an FDIC insurance savings account making guaranteed money.
lowering interest rates and spending more money to 'stimulate' only causes more protraction of our economic instability
Wow.. Wouldn't it be nice to earn 10% on a savings account!!
06-29-2009 | 03:47 AM
#14
Get rid of the Federal Reserve, fire all of the legislature, get rid of the presidential branch, or shrink it's power.
#1 Let the recession hit, let the firms go down who were supposedly bankrupt. Fire all these stupid jobs that people have (all these extra automobiles are unnecessary, all this service **** is unnecessary)
This creates people who can get other jobs.
#2 Start PRODUCING and SAVING again. How can we get OUT of debt when we don't sell **** for profit to other nations? We don't. US needs to drop down in $$, so we can produce **** cheap enough that other nations will BUY what we produce, why the hell would someone buy a product they can get for cheap elsewhere. No one would (except stupid rich people).
#3 Stop printing mother ****in dollar bills, as a matter of fact, Screw the Fed, lets go back to the GOLD standard, it's written in the constitution.
#4 After all of this is done, there will be a huge decrease everywhere, everyone needs to stay in business, so everything trickles down slowly and evenly. If nike can't sell $100 dollar shoes, you bet those prices will drop. If Rolex doesn't get any buyers, you bet those prices will drop, etc. Once consumers stop spending $$ on dumb items, it eventually all trickles down. That's how the market competes.
After that, of course all the taxes n' sanctions that are all over these businesses will be lifted off, or decrease in value to stay within the economy norms.
This isn't hard, or confusing, or whatever the hell everyone thinks it is.
US is in debt, we need to produce and save and sell. If we aren't producing ****, the debt will sit there forever.
#1 Let the recession hit, let the firms go down who were supposedly bankrupt. Fire all these stupid jobs that people have (all these extra automobiles are unnecessary, all this service **** is unnecessary)
This creates people who can get other jobs.
#2 Start PRODUCING and SAVING again. How can we get OUT of debt when we don't sell **** for profit to other nations? We don't. US needs to drop down in $$, so we can produce **** cheap enough that other nations will BUY what we produce, why the hell would someone buy a product they can get for cheap elsewhere. No one would (except stupid rich people).
#3 Stop printing mother ****in dollar bills, as a matter of fact, Screw the Fed, lets go back to the GOLD standard, it's written in the constitution.
#4 After all of this is done, there will be a huge decrease everywhere, everyone needs to stay in business, so everything trickles down slowly and evenly. If nike can't sell $100 dollar shoes, you bet those prices will drop. If Rolex doesn't get any buyers, you bet those prices will drop, etc. Once consumers stop spending $$ on dumb items, it eventually all trickles down. That's how the market competes.
After that, of course all the taxes n' sanctions that are all over these businesses will be lifted off, or decrease in value to stay within the economy norms.
This isn't hard, or confusing, or whatever the hell everyone thinks it is.
US is in debt, we need to produce and save and sell. If we aren't producing ****, the debt will sit there forever.
06-29-2009 | 07:29 AM
#15
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Get rid of the Federal Reserve, fire all of the legislature, get rid of the presidential branch, or shrink it's power.
#1 Let the recession hit, let the firms go down who were supposedly bankrupt. Fire all these stupid jobs that people have (all these extra automobiles are unnecessary, all this service **** is unnecessary)
This creates people who can get other jobs.
#2 Start PRODUCING and SAVING again. How can we get OUT of debt when we don't sell **** for profit to other nations? We don't. US needs to drop down in $$, so we can produce **** cheap enough that other nations will BUY what we produce, why the hell would someone buy a product they can get for cheap elsewhere. No one would (except stupid rich people).
#3 Stop printing mother ****in dollar bills, as a matter of fact, Screw the Fed, lets go back to the GOLD standard, it's written in the constitution.
#4 After all of this is done, there will be a huge decrease everywhere, everyone needs to stay in business, so everything trickles down slowly and evenly. If nike can't sell $100 dollar shoes, you bet those prices will drop. If Rolex doesn't get any buyers, you bet those prices will drop, etc. Once consumers stop spending $$ on dumb items, it eventually all trickles down. That's how the market competes.
After that, of course all the taxes n' sanctions that are all over these businesses will be lifted off, or decrease in value to stay within the economy norms.
This isn't hard, or confusing, or whatever the hell everyone thinks it is.
US is in debt, we need to produce and save and sell. If we aren't producing ****, the debt will sit there forever.
#1 Let the recession hit, let the firms go down who were supposedly bankrupt. Fire all these stupid jobs that people have (all these extra automobiles are unnecessary, all this service **** is unnecessary)
This creates people who can get other jobs.
#2 Start PRODUCING and SAVING again. How can we get OUT of debt when we don't sell **** for profit to other nations? We don't. US needs to drop down in $$, so we can produce **** cheap enough that other nations will BUY what we produce, why the hell would someone buy a product they can get for cheap elsewhere. No one would (except stupid rich people).
#3 Stop printing mother ****in dollar bills, as a matter of fact, Screw the Fed, lets go back to the GOLD standard, it's written in the constitution.
#4 After all of this is done, there will be a huge decrease everywhere, everyone needs to stay in business, so everything trickles down slowly and evenly. If nike can't sell $100 dollar shoes, you bet those prices will drop. If Rolex doesn't get any buyers, you bet those prices will drop, etc. Once consumers stop spending $$ on dumb items, it eventually all trickles down. That's how the market competes.
After that, of course all the taxes n' sanctions that are all over these businesses will be lifted off, or decrease in value to stay within the economy norms.
This isn't hard, or confusing, or whatever the hell everyone thinks it is.
US is in debt, we need to produce and save and sell. If we aren't producing ****, the debt will sit there forever.