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Thread: White House backs House GOP jobs bill

  1. #21
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    Re: White House backs House GOP jobs bill

    Quote Originally Posted by Iron River View Post
    God forbid we cut the rate of spending that got us into the mess.

    The idea is to create jobs and reducing the national debt by cutting spending would help. For every dollar cut in spending we reduce the needed revenue by three dollars because it costs us more than $.60 for the government to collect and spend a dollar.
    How exactly did government spending cause bank balance sheets to overextend themselves at rates far beyond reasonable?
    How exactly did government spending force non-CRA banks who issued the liion's share of the bad subprime to issue NINJA loans?
    How exactly did government spending cause AIG to issue CDS far in excess of its assets?
    How exactly did government spending financed by market rate debt offerings cause a decline in consumer demand?
    How exactly did government spending force the Ratings Agencies to commit wholesale fraud upon the American people?

    Now, I'm not saying the government isn't a fault here. Bush's Ownership Society, his unfunded Medicare D plan, the repeal of Glass-steagal under Clinton and the decade of cheap money under Greenspan coupled with the complex relationship of Dot coms to real estate all played a role here.

    Want to explain how reducing spending that will cause a drop in aggregate demand that when coupled with anemic growth will likely cause a recession will lead to more jobs?

    As for your 60 cents argument, that frankly makes no sense. If it cost the government 60 cents to collect and spend a dollar, then the deficit should be exceptionally higher considering the spending the government is doing coupled with tax revenues. Did you make that number up from the nether?
    Last edited by obvious Child; 10-29-11 at 11:07 PM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #22
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    Re: White House backs House GOP jobs bill

    Quote Originally Posted by Iron River View Post
    Seems to me that all you mentioned makes it more likely that the contractors will need more workers and be able to hire them.
    Which has nothing to do with them hiring anyone. Or do you simply not understand how demand is the key role in hiring new people?

    Furthermore, if we cut spending on contractors, that will do far more damage to net jobs. It's funny watching you praise cutting spending and lowering taxes as a way of increasing jobs without realizing what is actually going to happen.

    Want to tell me what happens to a contractor who has his taxes cut by 3% but his demand by 50%? Does he hire more people? hahahaha
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #23
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    Re: White House backs House GOP jobs bill

    Quote Originally Posted by Smokified View Post
    Liberals tend to hear the title of a bill and get caught up in how great it sounds and which way their imagination explains the bill in their head instead of actually looking past the title and understanding EVERYTHING that is involved as opposed to just the things that sound good to them.

    Both sides have the same intentions (whether good or bad in motive), but you can't just say "Let's declare world peace" and expect the rest of the world to comply. You have to consider reality and what COULD happen.
    Hence, one of several reasons why Nancy Pelosi lost the majority in Congress.
    Last edited by Sunbelt; 10-30-11 at 12:45 PM.

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