Math question for libs.

PrintSmith wrote:

Vice Lord wrote: Guys..Saying the stimulus did'nt work is like saying rain doesn't make you wet..If you dropped the money outta airplanes it would work. Money pumped into the economy can't not work...All you can say for sure is that we put 100's of billions into the economy and we are still in a resession. You can say it wasn't enough, but you can't say it did'nt work..The money, for the most part, is in the economy. I wish we could say the same for the trillion dollar Bush Bank Bailout

Problem being that QE1 and QE2, the printing of money which depressed the value of the dollar, is the money that is now in the economy. That depressed value of the currency is why a barrel of oil still hovers around $100 per barrel. $100 USD today, after QE1 and QE2, will only buy what $70 USD did before the Treasury gave the OK to the Fed to monetize $2 Trillion of the excessive federal spending. That pretty much means that we printed the money necessary for TARP, SwindleUs and about another $500 Billion of the deficit spending - lowering the value of everyone's savings, everyone's earnings and driving up the cost of goods and services for everyone at a time when they could least afford that inflation.

Good points, but it's better than going down to Zero and thats where the road you guys had us on was going...

The Viking wrote: When Bush left office the debt that year was about $400 billion.

Correct me if I'm mistaken, but didn't Bush keep the wars in Iraq and Afghanistan out of his budget? Their huge costs weren't reflected in his "$400 billion" debt, were they?

WayneH wrote:

The Viking wrote: When Bush left office the debt that year was about $400 billion.

Correct me if I'm mistaken, but didn't Bush keep the wars in Iraq and Afghanistan out of his budget? Their huge costs weren't reflected in his "$400 billion" debt, were they?

The silence from the Right is deafining

A couple of years ago, I moved to Durango --- a place where you spend a lot more to live.

I found ways to cut spending - as well as increase revenue - in order to make my choice viable.

I wouldn't expect any less from the US Government.

It's basic math - when you cut spending and increase revenue - you reduce deficits.

(funny thing is - as an individual, I'm not allowed any deficit -- at least not without hurting my credit rating).

bailey bud wrote: It's basic math - when you cut spending and increase revenue - you reduce deficits.

(funny thing is - as an individual, I'm not allowed any deficit -- at least not without hurting my credit rating).

Your personal deficit helps your credit rating, your failure to pay it monthy hurts it.

If my credit report showed a steadily increasing level of debt - my credit rating would get a downgrade.

That's what I simply don't get about the US Debt ----

There's absolutely no way this kind of crazy spending (and minimal revenue) can be sustained.

Spending needs to go down - and revenues need to go up.

(I feel the President seems to understand this better than the Speaker)

Right..Get rid of the DEA, Homeland Security and slash the defense budget, but don't touch SS or Medicare..

And tax the rich

Vice Lord wrote: Right..Get rid of the DEA, Homeland Security and slash the defense budget, but don't touch SS or Medicare..

And tax the rich

You mean the [job creators]... :faint:

LadyJazzer wrote:

Vice Lord wrote: Right..Get rid of the DEA, Homeland Security and slash the defense budget, but don't touch SS or Medicare..

And tax the rich

You mean the [job creators]... :faint:

Yeah..Thats thier new word isn't it?

bailey bud wrote: If my credit report showed a steadily increasing level of debt - my credit rating would get a downgrade.

That's what I simply don't get about the US Debt ----

There's absolutely no way this kind of crazy spending (and minimal revenue) can be sustained.

Spending needs to go down - and revenues need to go up.

(I feel the President seems to understand this better than the Speaker)

Have to reluctantly agree with you here. What are these buffoons thinking?! It's a sad state of affairs when liberals seem to have a better grasp of fiscal responsibility than "conservatives". First and foremost, you pay your bills and meet your responsibilities. I'm still hoping that they've hammered out a steely deal and are just putting on a kabuki dance for the wingnuts.